In the ordinary course of events, an analyst only initiates coverage of a stock after at least 1 meeting with the CEO. I presume this is the case for King Wan Corp's initiation by OSK-DMG. I further can be reasonably confident that he received guidance regarding the plan for a special dividend for the next 10 years. The circumstances may be conducive for the special dividend or the may not, but heck for now the prospects look attractive.
Dr Robin Han says: "Kingwan was quite strong in the past 2 over month. it went up 50% in a short period of time. The uptrend is still very nice at this moment. When STI drop,KingWan managed to hold very well, it is a sign of strength and indicates that the stock is likely to have a rally soon after the consolidation. I will consider buy on weakness. Kingwan had release its most recent financial report on 6 Feb 2013."
The management has been astute in guiding for a 3 ct dividend for the next 5 (?) or 10 (?) years. SIAS said 5, OSK said 10. Anyway, I take 3. Good enough to look forward to 10+% yield a year. This stock has strong support at 27.5 cents because of the yield.