New Toyo

Seems like TW sold off their stake in the malaysian cigarette box printer. This should help a bit in funding their expansion into Indonesia.

Sale completed to Benkert UK

Tien Wah did not sell its printed carton business.

Tien Wah divested its 30% stake in Benkert Malaysia, which is in the business of manufacture and sales of standard and perforated tipping papers. Benkert United Kingdom used to own the remaining 70% of Benkert Malaysia. 

Tien Wah explained on 23 December 2016 that Bintang Pesona Jagat, the printing arm of BAT Indonesia that Tien Wah acquired in November 2016, may be in direct competition with Benkert Malaysia. As such, the sale of its stake in Benkert Malaysia to Benkert United Kingdom was to avoid any potential conflict of interest. 

http://www.bursamalaysia.com/market/list...ts/5297885

New Toyo took a hit from its efforts to restructure the printing business of Anzpac and TWPM:

http://infopub.sgx.com/FileOpen/NTIH2QFY...eID=466400

The dividend of 0.6 cents was maintained.

Will this be a fair rough calculation for new toyo's current rnav?

Nav: 38.79cts
Investment properties understated by 26mil(6cts)
Smithfield land understated by 5.74mil aud for anzpac

Tienwah owns 51% of Anzpac
New toyo owns 77% of Anzpac if include TW stake

Means if they were to sell the land new toyo will get back:
5.74x1.08/0.51 x1milx0.77 /439424603 = 2.12cts

Goodwill and intangibles 27.265mil(6.15cts)

38.79 + 6 + 2.12 - 6.15= 40.76 cts

Which is ard 0.637x books at 0.26

(04-11-2016, 09:37 PM)BlueKelah Wrote: More details on the deal. At first glance it seems like EPS will be boosted by 10%+ at the expense of about 10% of NTA. It seems a premium was paid for the profitable Indo company. In any case, NT is establishing a foothold into the Indonesian printing market which is encouraging.
---------------------------------------------------------------------------------------------------------------------
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PT BINTANG PESONA JAGAT


[
Based on 439,424,603 issued shares in the capital of the Company (“Shares”).
Before the Proposed Acquisition | After the Proposed Acquisition

Net Tangible Asset (S$’000) 164,994 | 149,067
NTA per Share (S$ cents) 37.55  | 33.92
Profit attributable to owners of the Company (S$’000) 14,673 | 16,405
Basic Earnings per Share (S$ cents) 3.34 | 3.73 (based on earnings for FY15 ending in 31 Dec 2015)
]

Do you think their overpayment of 18.45mil sgd for BPJ is abit excessive?

What's the impact of the recent plain packaging bill on new toyo?

https://www.channelnewsasia.com/news/sin...t-11230234

(12-02-2019, 01:10 PM)desmondxyz Wrote: What's the impact of the recent plain packaging bill on new toyo?

https://www.channelnewsasia.com/news/sin...t-11230234

The immediate impact is likely on both the top-line revenue and the bottom-line profit as the pricing level and hence the profit margin for fewer colors on the packaging are comparatively lower.

Another potential impact is more competitions might emerge as packaging companies with lower printing capabilities may now be able to print such packaging materials.

Vetted.

Profit Guidance for the Second Quarter Ended 30 June 2019

New Toyo International Holdings Ltd announced that, based on a preliminary review of the unaudited consolidated financial statements of the Group for the second quarter ended 30 June 2019 ("2Q2019"), the Group is expected to report a net loss for 2Q2019.

The expected loss is primarily attributable to the Tissue Paper division. The cost structure that it operates remained challenging and it has been incurring losses. The performance of this division is not expected to improve significantly for the remaining of the financial year 2019.

The challenging business environment in the highly competitive Middle East markets also impacted the group performance. The Group will continue its efforts to achieve cost and production efficiencies.

Excluding the Tissue Paper division and Dubai operations, the Group would have been profitable for the second quarter ended 30 June 2019.

The Company is in the process of finalising the financial results of the Group for 2Q2019. Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited consolidated financial results for 2Q2019 on or before 14 August 2019.

(31-07-2019, 08:04 PM)cyclone Wrote: Profit Guidance for the Second Quarter Ended 30 June 2019

New Toyo International Holdings Ltd announced that, based on a preliminary review of the unaudited consolidated financial statements of the Group for the second quarter ended 30 June 2019 ("2Q2019"), the Group is expected to report a net loss for 2Q2019.

The expected loss is primarily attributable to the Tissue Paper division. The cost structure that it operates remained challenging and it has been incurring losses. The performance of this division is not expected to improve significantly for the remaining of the financial year 2019.

The challenging business environment in the highly competitive Middle East markets also impacted the group performance. The Group will continue its efforts to achieve cost and production efficiencies.

Excluding the Tissue Paper division and Dubai operations, the Group would have been profitable for the second quarter ended 30 June 2019.

The Company is in the process of finalising the financial results of the Group for 2Q2019. Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited consolidated financial results for 2Q2019 on or before 14 August 2019.

yikes tissue paper fiasco again!! hope the loss is not too much.

Financial Results for the Period ended 30 June 2019

Highlights :
1. The Group's turnover increased by S$22.50 million or 17.1% to S$153.82 million for the six months ended 30 June 2019
2. Gross profit margin for the six months ended 30 June 2019 decreased to 6.8% as compared to 11.8% last year
3. The Group registered a loss before tax of S$2.76 million for the six months ended 30 June 2019
4. The Group reported a loss after tax attributable to owners of the Company of S$3.55 million for the six months ended 30 June 2019
5. Excluding the loss of Tissue Paper division, the Group would have registered a profit attributable to owners of the Company of S$0.82 million for the six months ended 30 June 2019
6. No dividend is declared for the current reporting period ended 30 June 2019
7. Given the worldwide uncertainties caused by trade issues, the Group has embarked on a strategic review focusing on underperforming operations with the intention to execute a reorganisation before year end. This may include discontinuation of nonprofitable units.

More details in https://links.sgx.com/FileOpen/NTIH2QFY1...eID=574686