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King Wan
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King Wan
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noobnub
Supreme |
06-Apr-2022 15:55
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later matching may have 37 | ||||
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piscesmonkey
Supreme |
06-Apr-2022 15:46
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Got buyer. | ||||
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noobnub
Supreme |
29-Mar-2022 11:28
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added 38
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noobnub
Supreme |
29-Mar-2022 09:46
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finally bought 38
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noobnub
Supreme |
29-Mar-2022 08:59
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today 39 can buy some
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noobnub
Supreme |
28-Mar-2022 13:05
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in the q 38 to buy king wan try my luck | ||||
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Sgvale
Supreme |
26-Nov-2021 09:10
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Has since vomitted . What's happen?
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piscesmonkey
Supreme |
12-Nov-2021 21:39
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Joelton
Supreme |
03-Sep-2021 09:36
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King Wan shares up 51.3% amid ongoing talks for potential joint venture
SHARES of building services company King Wan Corporation King Wan: 554 +51.28% saw heavy trading for a second consecutive day, following the company' s disclosure that there are ongoing discussions with a party to set up a joint venture (JV) to carry out retrofitting and upgrading solutions.
This was announced in response to a query by the Singapore Exchange (SGX) on its unusual trading activity on Wednesday. However, it also noted that it was unable to conclusively attribute the talks for a potential JV to the trading activity.
Shares of King Wan ended Thursday at 5.9 Singapore cents, up 2 cents or 51.3 per cent. It was also the second most heavily traded stock on the local bourse for the day after over 101.7 million shares changed hands. Its shares were up 56 per cent on Wednesday.
King Wan said on Wednesday that that there was no assurance that a transaction would come out of these talks, and there is unlikely to be a significant impact on its earnings per share or net tangible assets per share for the financial year ending March 31, 2022.
" The company is also continuously and actively exploring opportunities to build and diversify our business and revenue streams, and may, from time to time, engage in discussions with potential targets," said King Wan.
The company added that it will, in compliance with the Corporate Disclosure Policy of the Singapore Exchange (SGX), make announcements, if it had any, at an appropriate time. It also confirmed that it is in compliance with the mainboard listing rules.
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paul1688
Veteran |
31-May-2016 23:07
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Interesting read from Motley Fool's Chong Ser Jing (extracted not full report) 27 May 2016
------------------------------------------------ In one fell swoop on the evening of 26 May 2016, King Wan Corporation Ltd (SGX: 554) transformed itself from a stock with a mouth-watering dividend yield into one with a sour 0% yield. That?s zero. Zip. Nada. You see, based on King Wan?s closing share price of S$0.18 on 26 May, it had a dividend yield of 9.4% based on its dividend of S$0.017 per share for its fiscal year ended 31 March 2015 (fiscal 2015). But when it announced its full-year earnings for fiscal 2016 on 26 May after the market close, King Wan revealed that its dividend for the year would be zero. That?s how the company changed from a high-yielding dividend stock into one with a yield of zero. Lessons learnt Investors tracking the company?s business progress may not have been very surprised. More than a year ago on 6 March 2015, I had already shared in an article how King Wan?s business fundamentals look poor (I had highlighted the company?s lack of free cash flow growth and its weak balance sheet) and that its dividends are at risk. The article had used data only from fiscal 2014, when King Wan had dished out a dividend of S$0.02 per share. Turns out, the company?s dividend for fiscal 2015 was 15% lower, and we all know what happened to its fiscal 2016 dividend. While King Wan?s free cash flow had spiked in fiscal 2015, the company?s net-debt had climbed, adding risk to the company?s future dividend at that point in time. It?s logical to think that the further negative developments in the company?s balance sheet in fiscal 2016 (the further increase in the net-debt level) may have played a big part in King Wan?s decision to eliminate its dividend completely. A Fool?s take King Wan?s experience is a reminder for investors that income investing goes way beyond looking at a stock?s yield. A careful study of the business fundamentals of a company is crucial. And when it comes to the fundamentals, the balance sheet is one key area investors may want to focus on. |
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jeremyow
Master |
28-Apr-2016 11:10
Yells: "Passionate business investor" |
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I recall just over the last two years there were many analyst coverage and write-ups on King Wan on their listing of KTIS on the Stock Exchange of Thailand (SET). All the analyst write-ups were pretty optimistic about the likely possibility of special dividends to be paid due to possibility of King Wan selling KTIS shares periodically over the next few years. And there were write-ups even optimistic enough to forecast that the special dividends will be paid over a long period of more than 5 years which will drive up King Wan' s share price to a new target of $0.40 and above to reflect the increased total dividends payout. King Wan is no doubt a company with a good cash position and generating healthy cashflows esp. from its M& E business segment. However, there seems to be limited growth potential for its M& E business which is its core business. No doubt the group has been good at using its healthy cash position to invest in other ventures to value add to their shareholders, however this time round it seems the tides have changed for the moment with this recent news release of impairment to the value of available-for-sale investments held in Thailand. Instead of its share price rising from around $0.30 plus range a year ago to the likes of $0.40 and above on the potential giving out of special dividends (as forecasted by many analysts), it actually dropped to now a low of $0.185 due to no promise of special dividends in sight as the stock price of their listed KTIS investment on SET is not doing well. Thus, no one holds a crystal ball when it comes to forecasting the future of a business and esp. movement of share price of a company. Even though King Wan' s FY2015 financial results is quite good which the EPS rose to $0.0489. But fast forward to today' s share price of $0.185, it reflects a very low PE ratio of 3.78 with the hopes of special dividends dashed for the immediate future. Is King Wan cheap now? Well, with the current release of these news announcement of profit guidance, perhaps the share price may continue to be cheap for at least this year. We shall see.
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flyersummer
Senior |
28-Apr-2016 08:08
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King Wan Corporation, a building services provider, said that it expects a loss for both its fourth quarter and full year ended March 31, citing "impairment to the value of available-for-sale investments held in Thailand" and "allowance for loans made to an associate dealing in property development" in China. | ||||
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Jimmykohkk
Master |
30-May-2015 19:16
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If u refer to Bakertech thread in Feb.. http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=11434& recordCount=60 When everyone is expecting special dividend. Look at the title of Kingwan thread, " Special Dividend Incoming" .. u know the share price of Kingwan was up due to ppl buying hoping for special dividend. So when there is none, price will drop. I even provided a share price chart of KTIS to prove that Kingwan 4Q earning will not be as good as 3Q due to the sinking share price of KTIS. U can judge me based on the price of Kingwan on Tuesday. Im pretty sure Kingwan share price will drop back to 30 cents on Tuesday due to the disaapointment of lack of special dividend. Anyway I am not vested in Kingwan, just help to warn others against buying hoping for special dividend becos the share price of KTIS says otherwise.
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kye_lin
Veteran |
30-May-2015 16:53
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Still have 1 cent div... Total for year 1+0.7=1.7cents 5.3% based on price of 32 cents... Not bad lah compared to some counters which pay zero to measly div You say until like damn jialat like that..... |
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Jimmykohkk
Master |
30-May-2015 15:23
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http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=14155& msgbdName=King Wan& topicTitle=Special Dividend May Be Incoming no special dividends. I already warned about the FY results will be poor due to the share price of KTIS at it' s low on 31 Mar 2015 |
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flyersummer
Senior |
30-May-2015 15:22
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Current Financial Period Reported On Dividend Current Financial Period Reported On Any dividend declared for the current financial period reported on? Yes Date payable 18 August 2015 Books closure date 6 August 2015, 5:00 p.m |
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flyersummer
Senior |
30-May-2015 15:15
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MEDIA RELEASE &ndash 29 May 2015 For Immediate Release King Wan Corporation posted S$85.24m revenue on S$17.1m net profit for full yearHighlights ended 31 March 2015 &bull Final dividend proposed at 1.0 Singapore cent, cumulative dividend for the financial year at 1.7 Singapore cent &bull Net asset value per share and earning per share increase to 28.1 cents and 4.9 cents respectively &bull Healthy order book of S$187m lasting till 2018 SINGAPORE, 29 May 2015: MAINBOARD-LISTED King Wan Corporation Limited (&ldquo King Wan&rsquo &rsquo or &lsquo &rsquo the Group&rsquo &rsquo ) (庆 源 企 业 ), a Singapore-based integrated building services and mechanical and electrical (&ldquo M& E&rsquo &rsquo ) engineering specialist, posted a revenue of S$85.2 million for the full year ended 31 March 2015 (&lsquo &rsquo FY2015&rsquo &rsquo ). The Group&rsquo s net profit after income tax surged 154% to S$17.1 million, which included the one-time gain from the completion of divestment of her two Thai associate companies during the year. The Board of Directors is pleased to recommend a one-tier tax-exempt final dividend of 1.0 Singapore cent per share to be approved by shareholders at the forthcoming annual general meeting to be held on 30 July 2015. Upon approval, the dividend will be payable on 18 August 2015. Ms Chua Eng Eng (蔡 莹 莹 ), Managing Director of King Wan said: &ldquo Our core M& E business has maintained a strong order book of S$187 million lasting till 2018. Now that the value in our Thailand investments had been unlocked, we are well-positioned to seek for more attractive business and investment opportunities in the region. Meanwhile, we are steadfastly keeping tight control over costs and improving efficiency of our operations.&rdquo Financial Position The Group&rsquo s financial position continues to be strong. The Group&rsquo s net assets stood at S$98.2 million as at 31 March 2015, a 13.7% increase from S$86.4 million as at 31 March 2014. Net asset value per share stood at 28.1 cents as at 31 March 2015 as compared to 24.8 cents in the previous year. Cash and cash equivalents stand at to S$11.4 million as at 31 March 2015 as compared to S$9.0 million as at 31 March 2014. Market capitalisation was S$112 million based on the closing share price of 32 Singapore cents as at 29 May 2015. Business Update New Business Segment - Workers&rsquo Accommodation On 21 May 2014, the Group announced that it has ventured into the workers&rsquo accommodation business by taking a 19% stake in a consortium which will be involved in the design, development and operations of one of the largest workers&rsquo dormitory projects in Singapore. The consortium comprising King Wan, TA Corporation Ltd, an established property and construction group, and SKM Development Pte Ltd, a privately held investment holding group, has successfully secured a land tender awarded by Jurong Town Corporation (&ldquo JTC&rdquo ) that will be developed into a 9,200-bed workers&rsquo dormitory. In line with the government&rsquo s efforts to improve welfare for foreign workers, the consortium is committed to providing well-managed purpose built worker dormitories with comprehensive facilities that will meet the needs and welfare of the dormitory residents. The Group expects the demand for quality purpose built accommodation for foreign workers to remain robust. To date, the project has commenced construction and is scheduled for completion in the first quarter of 2016. Business Outlook The industry outlook remains challenging in the next 12 months with increasing competition and an expected increase in labour cost due to higher foreign worker levies and a shorter supply of foreign workers. The Group will continue to focus on its core business by leveraging on its strong track record to secure more projects as well as enhance its cost effectiveness and efficiency optimisation in the management of on-going projects. As at the date of this announcement, the Group has approximately S$187 million worth of M& E engineering contracts on hand, with completion dates ranging from years 2015 to 2018. S$20.7 million of these orders were secured in the last three months. The Group expects the M& E business segment to contribute positively to the Group&rsquo s results in the next 12 months. |
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