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Special Dividend May Be Incoming
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kye_lin
Veteran |
28-May-2015 11:19
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Married deals at 32.5 and 33. Results should be out tomorrow.... |
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hp3000
Veteran |
19-May-2015 21:50
Yells: "Huart Ah !! Count $$$$$ liao" |
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Think Q4 will be out soon but don' t know which day yet.
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Jimmykohkk
Master |
19-May-2015 21:25
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ok. thanks.. If not sound, then refer to the following from Q3: 
So in Q4 (FY), the fair value adjustment will have to be minus? becos the share price of KTIS is now lower on 31 Mar 2015 (Q4), compared to 31 Dec 2015 (Q3) and according to note 9, the KTIS shares are marked to market values as at the period end which was 31 Dec 2015. So NTA will be reduced?.
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hp3000
Veteran |
19-May-2015 20:41
Yells: "Huart Ah !! Count $$$$$ liao" |
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Think it shouldn' t affect King wan as it still haven' t sold. Only the KTIS div given will be count on it Q4 earning which is 0.18 baht compare to 0.30 baht last years. Mean King wan earn lesser on it div given by KTIS. If King wan really want to sold off it huge lots will get better offer by 3S holding. See in SET (thai exchange web site) 3S holding offer 12.44 & 12.42 Baht in 2014 & 2015 to take over huge lots. Also KTIS Q1 result not bad. The Company and Consolidated Financial Statement (F45-3)
KASET THAI INTERNATIONAL SUGAR CORPORATION PUBLIC COMPANY LIMITED
(In thousands)
The Consolidated Financial Statement
Quarter 1
Reviewed
Ending 31 March
Year 2015 2014
Net profit (loss) 554,931 587,009
EPS (baht) 0.14 0.18
The Company Financial Statement
Quarter 1
Reviewed
Ending 31 March
Year 2015 2014
Net profit (loss) 1,018,510 962,558
EPS (baht) 0.26 0.29
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Jimmykohkk
Master |
19-May-2015 20:11
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does the drop in share price of KTIS going to affect the coming financial statement as what i posted??
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hp3000
Veteran |
19-May-2015 20:08
Yells: "Huart Ah !! Count $$$$$ liao" |
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Quite a huge buy up today. Shld hv some gd new for it Q4. Maybe spec div to be given.
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Jimmykohkk
Master |
19-May-2015 18:42
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Note 9:
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Jimmykohkk
Master |
19-May-2015 18:40
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A few questions to ask any expert: King Wan annouced Q3 results ending 31 Dec 2014. I think they still have KTIS shares held as " available for sale investments" as indicated in their Q3 results based on market value at the end of the financial period , ie: 31 Dec 2014 At that time, ie: 31 Dec 2014, share price of KTIS was 11.60. There is a fair value adjusment +$10,119,772 as shown below.
Looking at KTIS Share price chart: 
So for the coming Q4/FY results ending 31 Mar 2015, the share price of KTIS dropped to 9.55 at the end of March 2015. Will there be any consequences for the coming FY financial statement ending 31 Mar 2015?? Any experts can comment? or this is not important? Thanks. |
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flyersummer
Senior |
19-May-2015 18:23
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Last done 0.325
Will see whether sustainable or not |
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Jimmykohkk
Master |
19-May-2015 17:03
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One of my targets.. will do some research first. KIV.. |
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kye_lin
Veteran |
19-May-2015 16:39
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Lai leow lai leow.. hoot up to 32.. results coming?? |
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helloisme
Veteran |
04-May-2015 13:34
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I read somewhere about maybe 6 months ago ... there were many investors discussing about possible special dividend in coming years ...but now it seem all have somehow " cooled" down .... So, any good dividend coming ? |
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Hawkeye
Master |
13-Mar-2015 14:24
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Currently King Wan is still at its high level compare to historical pricing.
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sheerluck
Supreme |
13-Mar-2015 10:57
Yells: "Work for your money first then let your money work for you" |
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Despite KTIS falling below IPO price and heavy selling in the last few days, KWC is holding on quite well above 30cts. |
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sheerluck
Supreme |
06-Mar-2015 16:36
Yells: "Work for your money first then let your money work for you" |
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Special div from sale of KTIS share happenning in this quarter seems getting low. There is no news on KWC selling KTIS and KTIS share price has dropped to almost IPO 10baht. KTIS recently announced its FY14 results. Giving only 0.18baht which is less than half of last year 0.39baht. But still keeping KWC is good as a defensive stock in your portfolio. |
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flyersummer
Senior |
05-Mar-2015 18:21
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Hard to say. Don't put too much hope. | ||||
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helloisme
Veteran |
05-Mar-2015 09:24
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Guess .... Will this one give out special dividend in coming years ? |
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flyersummer
Senior |
23-Feb-2015 16:35
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Market Cap: USD78.3m Target Price: SGD0.43 Price: SGD0.31 King Wan recorded a breakeven performance in its 3QFY15 (Mar) due to its conservative accounting policy. Maintain BUY, with a SGD0.43 SOP based TP (41% upside) premised on a 7% targeted yield. It could book stronger earnings in later quarters, when projects are completed. We note that King Wan has sold some KTIS shares, thereby setting the stage for a special dividend in 4QFY15. Its RNAV is at SGD0.52/share. Record SGD189m order book to underpin annual performance. King Wan&rsquo s results are typically lumpy on a QoQ basis due to its conservative accounting policy of recognising minimal margins in the early stages of projects. More important for performance forecasts is its orderbook, which now stands at a record SGD189m and stretches until 2018. KTIS share sale may pave the way for a special dividend. King Wan recorded a SGD270,465 gain on the sale of its shares in Kaset Thai International Sugar Corp (KTIS) (KTIS TB, NR) during the quarter. While there are no details on the number of shares sold or the amount of cash released, this may set the stage for our long-anticipated special dividend. Now trading below book value, and well below RNAV of SGD0.52/share. King Wan last traded at SGD0.305 per share, a discount from its book value of SGD0.338/share. We see this discount as unwarranted &ndash the company is profitable and generates healthy cashflow that would be sufficient to fund a 10% dividend yield. Our RNAV of SGD0.52/share (see Figure 2) also does not impute any gains from its associates eventually selling their properties. TP of SGD0.43 is based on a conservative 7% targeted yield. We expect King Wan to pay 3 cents per share in dividends annually. Our 7% targeted yield is also conservative &ndash the company has negative exposure to interest rates, being effectively in a strong net cash position. Thus, it should rightfully trade at yields below those of REITs. Our RNAV of SGD0.52/share implies a 5.8% yield &ndash which is not unrealistic, and this sets the upper boundary for our valuation of this stock. Key catalysts for the stock are: i) declaration of a special dividend, and ii) the loosening of property cooling measures in Singapore. |
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