In my view, KW is a solid small cap with a proactive management. Management is always on the lookout to invest for shareholder value and this makes this stock quite special. I started buying KW at about 20 cts and still vested.
King wan result is out.
Should expect another round of dividen on Nov.
Impressive result with good profit.
King Wan Corporation’s 1QFY2015
Net Profit Hits S$22.7m
• Gross profit margin improves to 24.9%
• One-off gain from disposal of associate of S$24.1m
• Net asset value per share increases to 31.83 cents
• Order book of S$164m lasting till 2017
Three months ended 30 June
1QFY2015 1QFY2014 Change
Revenue 17.4 25.1 31%
Gross Profit 4.3 3.9 12%
Profit Before Tax 26.5 3.2 737%
Net Profit after tax attributable to
25.9 2.6 908%
Earnings Per Share (cents) 7.42 0.74 903%
Net Asset Value Per Share (cents) 31.83 24.75 28.6%
SINGAPORE, 11 August 2014: MAINBOARD-LISTED King Wan Corporation Limited (King
Wan or the Group) (庆源企业), a Singapore-based integrated building services and
mechanical and electrical (M&E) engineering specialist, announced a 908% surge in net profit
after tax attributable to equity holders to S$25.9 million for the three months ended 30 June
The significant increase in net profit was mainly contributed by the one-time gain derived from
the disposal of two Thailand associates. Excluding the one-time gain, net profit after tax
would amount to S$3.7 million or 44% higher than the net profit after tax of S$2.6 million
achieved in 1Q2014.