KING WAN CORP -- loads of cash

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10 years 11 months ago #14257 by Rich
Replied by Rich on topic KING WAN CORP -- loads of cash
The price of sugar has plunged about 28% in the past 52 weeks. KTIS is coming to market at its low, rather than at the peak with all the hype. Viewed in this way, KTIS has a lot of upside potential as sugar prices can rise. Is there anyone here who is knowledgeable about the sugar supply + demand dynamics? Why is sugar down in the first place? :huh:

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10 years 11 months ago #14258 by lotustpsll
What is the potential for biomass sector?. They are very keen to develop this business (moving up the value chain) and to grow its profitability?.
Regards

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10 years 11 months ago #14263 by les12529
Sugar px is at it's low and can only go up. Wilmar is going big in sugar and it is now a very profitable part of it's business.

The last time the sugar king went big in sugar .it was at it's low and he got it right and he win big time.

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10 years 11 months ago #14280 by Rich
Replied by Rich on topic KING WAN CORP -- loads of cash
The latest full year results show that the property, plant & equipment of King Wan Corp stood at just SGD5.3 million, down slightly from SGD5.9 million. The company continues to be a low-capex business, which is what I like and which explains the consistently positive operating cashflow - which equates to why it has been able to pay nice dividends annually.

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10 years 11 months ago #14281 by lotustpsll
Business has been around for more than 30 years. Coupled with astute and progressive management team, this small cap is a gem. Icing on the cake will be the listing of Kaset Thai. If this goes through, company will cash rich, able to pay higher dividend and to invest in other businesses. Its track record in business investments has been stellar.
The following user(s) said Thank You: Rich

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10 years 11 months ago #14313 by Rich
Replied by Rich on topic KING WAN CORP -- loads of cash
Thai market is pretty upbeat, which will augur well for the post-IPO performance of KTIS.

UOB Kay Hian has just said "The best is yet to come. We see further 10% upside for Thai equities on the back of international liquidity, strong corporate earnings growth, and compelling themes."

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