KING WAN CORP -- loads of cash

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24 Jun 2014 19:20 #20232 by hp3000
Yesterday drop to 34.5 cts.

It should be consider as shopping discount liao for those who miss the early GSS (great singapore sale haha).

I shop at the early GSS state which is much more lower.

Haha so fast it went up to 35.5 and 36 cts level.

Think this should be the new level liao.

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25 Jun 2014 19:57 #20241 by hp3000
There may be temptation to take profit for some but let not forget these:

- 1.5 cts confirmed and payable within two months.

- Special div from KTIS anticipated to come.

- H2 div coming thereafter.

These are KWC throwing solid $$$ straight into your pocket.

And KWC diversifying into the hot dormitory business as well. Mgmt is very prudence about their new venture by opting for JV.

For KWC, you don' t need to question whether the cash is real, your only need to question how much cash they can dish out to you.

I cannot see any reasons to throw in the towel now.

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25 Jun 2014 21:05 #20242 by lotustpsll
In my view, KW is a solid small cap with a proactive management. Management is always on the lookout to invest for shareholder value and this makes this stock quite special. I started buying KW at about 20 cts and still vested.

Will keep my position long on KW.
The following user(s) said Thank You: newsman

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16 Jul 2014 00:23 #20385 by hp3000
King Wan Corporation wins S$25.5 m worth of new M&E
contracts

Order book stands at S$178 million, with contracts lasting to 2017.

More to come haha maybe worker dormitory.

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28 Jul 2014 12:50 #20503 by Dongdaemun
THE SECRET BEHIND KING WAN’S SUCCESSFUL INVESTMENTS

Refer to : aseanequities.com/insights/secret-behind...cessful-investments/

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12 Aug 2014 00:40 #20620 by hp3000
King wan result is out.
Should expect another round of dividen on Nov.
Impressive result with good profit.

King Wan Corporation’s 1QFY2015
Net Profit Hits S$22.7m
Highlights
• Gross profit margin improves to 24.9%
• One-off gain from disposal of associate of S$24.1m
• Net asset value per share increases to 31.83 cents
• Order book of S$164m lasting till 2017

Three months ended 30 June
(S$m)

1QFY2015 1QFY2014 Change
Revenue 17.4 25.1 31%
Gross Profit 4.3 3.9 12%
Profit Before Tax 26.5 3.2 737%
Net Profit after tax attributable to
equity holders
25.9 2.6 908%
Earnings Per Share (cents) 7.42 0.74 903%
Net Asset Value Per Share (cents) 31.83 24.75 28.6%

SINGAPORE, 11 August 2014: MAINBOARD-LISTED King Wan Corporation Limited (King
Wan or the Group) (庆源企业), a Singapore-based integrated building services and
mechanical and electrical (M&E) engineering specialist, announced a 908% surge in net profit
after tax attributable to equity holders to S$25.9 million for the three months ended 30 June
2014 (1QFY2015).

The significant increase in net profit was mainly contributed by the one-time gain derived from
the disposal of two Thailand associates. Excluding the one-time gain, net profit after tax
would amount to S$3.7 million or 44% higher than the net profit after tax of S$2.6 million
achieved in 1Q2014.

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