King Wan    Last:0.051    -0.001

Special Dividend May Be Incoming

Quite a huge buy up today.

Shld hv some gd new for it Q4.

Maybe spec div to be given.

Jimmykohkk      ( Date: 19-May-2015 18:42) Posted: Note 9: Jimmykohkk      ( Date: 19-May-2015 18:40) Posted: 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.

 

Note 9:

Jimmykohkk      ( Date: 19-May-2015 18:40) Posted: 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.

 

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.

 

 

Last done 0.325
Will see whether sustainable or not

 

One of my targets.. will do some research first. KIV..

 

Lai leow lai leow.. hoot up to 32.. results coming??

 

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 ?

 

 

 

Currently King Wan is still at its high level compare to historical pricing.

 

sheerluck      ( Date: 13-Mar-2015 10:57) Posted: Despite KTIS falling below IPO price and heavy selling in the last few days, KWC is holding on quite well above 30cts.

 

Despite KTIS falling below IPO price and heavy selling in the last few days, KWC is holding on quite well above 30cts.

 

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.

 

Hard to say. Don't put too much hope.

 

Guess ....

Will this one give out special dividend in coming years ?

 

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.