TeckWah

With such a established, well managed and consistently providing positive cash flow and with global present in geographical market segments - Singapore, People’s Republic of China, Indonesia, Malaysia, Thailand, Japan, Australia, India and Taiwan.

Its just matter of time before Teckwah to be taken private by a fund, any offers, if any shall be at Teckwah's NAV of 60 cents/share

Existing shareholder shall wait and getting paid for waiting with good dividends

(11-02-2017, 07:38 AM)SLC81 Wrote: With such a established, well managed  and consistently providing positive cash flow and with global present in geographical market segments - Singapore, People’s Republic of China, Indonesia, Malaysia, Thailand, Japan, Australia, India and Taiwan.  

Its just matter of time before Teckwah to be taken private by a fund, any offers, if any shall be at Teckwah's NAV  of 60 cents/share

Existing shareholder shall wait and getting paid for waiting with good dividends

What 60 cents/share? Teckwah's intrinsic value is a lot higher than that!

I am an avid accumulator and long term investor of Teckwah when it was at it mid 30cts region. I know that at currently price(0.415) its price to book at 0.68x and trailing pe of ard 7x is still very attractive in comparison with similar net net stocks on sgx, seeing that their total equity has been increasing yoy due to 2/3 of their earnings pouring back into the company consistently. Not forgetting their pixel red building(bought really cheap relative to trasactions done beside them) should yield them a higher returns from rentals which may potentially push Thomas to increase their payout while still maintaining the 1/3 payout ratio over time.

But 0.435 is 5 years high. Technically, it seems pretty toppish to me. Not sure any teckwah investors share my view. Anyone of you here still accumulating at above 0.40 area? Seems majority of teckwah investors are value investors all waiting for a better entry price.

It was full of net cash until that went into pixel red. So no longer as attractive and also lack of cash buffer if market or business downturn.

Whilst business is still good , growth is limited and payout likely won't be that good for next few years as u can see mgt. Is continuing to build up net cash buffer. Historically mgt. Is conservative so this is likely to continue happening.

As for technical analysis, as a value investor dun care much for it but if u look further back 10 years, this stock more or less correlates well to sti index/market sentiment.



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(12-02-2017, 02:38 AM)BlueKelah Wrote: It was full of net cash until that went into pixel red. So no longer as attractive and also lack of cash buffer if market or business downturn.

Whilst business is still good , growth is limited and payout likely won't be that good for next few years as u can see mgt. Is continuing to build up net cash buffer. Historically mgt. Is conservative so this is likely to continue happening.

As for technical analysis, as a value investor dun care much for it but if u look further back 10 years, this stock more or less correlates well to sti index/market sentiment.



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Teckwah currently has close to 23mil in net cash. Cash on hand per share is ard 16.3cts per share. That was after buying into Pixel Red which i believe is a great investment for them. They are using a part of the space there and renting the rest for additional income. 

In terms of cash per share, its higher than new toyo. New toyo has a heck of alot more risk in terms of currency(rupiah and durim) and expansion execution in the middle east. Despite Teckwah being close to 5 years high, its price to book is still lower than new toyo. In terms of taking private, new toyo has close to zero chance as it is dependent on BAT. 

I like both companies though, but have sold some new toyo when it broke 30cts previously. My view.

(12-02-2017, 12:24 PM)Scg8866t Wrote:

(12-02-2017, 02:38 AM)BlueKelah Wrote: It was full of net cash until that went into pixel red. So no longer as attractive and also lack of cash buffer if market or business downturn.

Whilst business is still good , growth is limited and payout likely won't be that good for next few years as u can see mgt. Is continuing to build up net cash buffer. Historically mgt. Is conservative so this is likely to continue happening.

As for technical analysis, as a value investor dun care much for it but if u look further back 10 years, this stock more or less correlates well to sti index/market sentiment.



Sent from my MotoG3 using Tapatalk

Teckwah currently has close to 23mil in net cash. Cash on hand per share is ard 16.3cts per share. That was after buying into Pixel Red which i believe is a great investment for them. They are using a part of the space there and renting the rest for additional income. 

In terms of cash per share, its higher than new toyo. New toyo has a heck of alot more risk in terms of currency(rupiah and durim) and expansion execution in the middle east. Despite Teckwah being close to 5 years high, its price to book is still lower than new toyo. In terms of taking private, new toyo has close to zero chance as it is dependent on BAT. 

I like both companies though, but have sold some new toyo when it broke 30cts previously. My view.

I like the steady business. But I am also hoping for growth. When is growth coming?

(12-02-2017, 06:35 PM)luckystar Wrote:

(12-02-2017, 12:24 PM)Scg8866t Wrote:

(12-02-2017, 02:38 AM)BlueKelah Wrote: It was full of net cash until that went into pixel red. So no longer as attractive and also lack of cash buffer if market or business downturn.

Whilst business is still good , growth is limited and payout likely won't be that good for next few years as u can see mgt. Is continuing to build up net cash buffer. Historically mgt. Is conservative so this is likely to continue happening.

As for technical analysis, as a value investor dun care much for it but if u look further back 10 years, this stock more or less correlates well to sti index/market sentiment.



Sent from my MotoG3 using Tapatalk

Teckwah currently has close to 23mil in net cash. Cash on hand per share is ard 16.3cts per share. That was after buying into Pixel Red which i believe is a great investment for them. They are using a part of the space there and renting the rest for additional income. 

In terms of cash per share, its higher than new toyo. New toyo has a heck of alot more risk in terms of currency(rupiah and durim) and expansion execution in the middle east. Despite Teckwah being close to 5 years high, its price to book is still lower than new toyo. In terms of taking private, new toyo has close to zero chance as it is dependent on BAT. 

I like both companies though, but have sold some new toyo when it broke 30cts previously. My view.

I like the steady business. But I am also hoping for growth. When is growth coming?

Some jokers decided to mark it up to 435 today. Not logical for a value stock like Teck Wah.

(13-02-2017, 05:04 PM)luckystar Wrote:

(12-02-2017, 06:35 PM)luckystar Wrote:

(12-02-2017, 12:24 PM)Scg8866t Wrote:

(12-02-2017, 02:38 AM)BlueKelah Wrote: It was full of net cash until that went into pixel red. So no longer as attractive and also lack of cash buffer if market or business downturn.

Whilst business is still good , growth is limited and payout likely won't be that good for next few years as u can see mgt. Is continuing to build up net cash buffer. Historically mgt. Is conservative so this is likely to continue happening.

As for technical analysis, as a value investor dun care much for it but if u look further back 10 years, this stock more or less correlates well to sti index/market sentiment.



Sent from my MotoG3 using Tapatalk

Teckwah currently has close to 23mil in net cash. Cash on hand per share is ard 16.3cts per share. That was after buying into Pixel Red which i believe is a great investment for them. They are using a part of the space there and renting the rest for additional income. 

In terms of cash per share, its higher than new toyo. New toyo has a heck of alot more risk in terms of currency(rupiah and durim) and expansion execution in the middle east. Despite Teckwah being close to 5 years high, its price to book is still lower than new toyo. In terms of taking private, new toyo has close to zero chance as it is dependent on BAT. 

I like both companies though, but have sold some new toyo when it broke 30cts previously. My view.

I like the steady business. But I am also hoping for growth. When is growth coming?

Some jokers decided to mark it up to 435 today. Not logical for a value stock like Teck Wah.

Yes I sold some at 0.43. Fundamentally still attractice but technically 9 years high is 0.435? To each his own.

Today Teckwah had gone up 4.8% but those who sold shares to day indeed sold it too cheap.
I would challenge anyone to post here any good listed companies at similar valuation as Teckwah at today price.

Teckwah is perhaps the only one left among many deep valued companies that i followed that have not been privatized, just to name a few Mentor Media, Adampak, Eng Kong, Kian Ann Engineering .... and recently Spindex
Do you still remember them at all ;-)

In fact, i would be happy to accumulate more.

(13-02-2017, 08:40 PM)SLC81 Wrote: I would challenge anyone to post here any good listed companies at similar valuation as Teckwah at today price.

You probably have to be more specific regarding "good" as well as "similar valuation".

I have a whole list of profitable listco. with plenty of net cash and trading at discount to NAV, I am sure other VBs here also have their own list ;P

And as scg8866t mentioned, New Toyo is a good listed company with pretty good and IMO better valuation than Teckwah. 

Another one of similar valuation to Teckwah I am following is LHT Holdings.