CWG International (fka Chiwayland International)

Seeing some coverage of this S-chip property developer. Will its ambitions to grow international business mean it won't pay a dividend? UOB KH report is bullish:

research.uobkayhian.com/content_download...8e925ee05c45509dc8a7

Chiwayland has secured Rmb4.4b in presales development revenue - revenue received
but yet to be booked.

Undergoing some consolidation post-results (loss making). Will company deliver on its new dividend policy & just granted share buyback mandate? If it does, the stock has lots of upside from here 15. 6 cents.

1 cent dividend = 6.7% yield.

Company has started buying back its shares. This is a positive! Let's see if the volume will swell

First full year results to be released on Feb 15. Friends are expecting a solid profit figure. What's unknown is if the dividend will be more than the "base case" of 1.0 cents as said by the company.

3 projects achieved TOP in 4Q2016, this should be great contributors as they were mostly sold out. Probably CWG will hit about RMB150-180 m net profit. I think RHB's forecast of RMB158 million is on the conservative side.