New Toyo

Someone just got to write to MAS and they will investigate...

(01-03-2013, 09:55 PM)level13 Wrote:

(01-03-2013, 12:14 PM)Stockerman Wrote: i think the 500 lots buying at 29 cents is a "bogus" bid...and sellers to the 500 lots are also "bogus"...

why is there the hurry to buy at 29 cents when one can buy at 28 cents....?

Person A selling at 29 cents to Person B. The same person actually owned the 2 trading accounts...old trick...

Whats your objective in saying this? All low liquidity counters have this same risk. There is always an element of manipulation.

And how do you confirm its the same person? Unless you belong to the same gang................

The latest results are disappointing . EPS has dropped by 25% from 4.51 cents to 3.37 cents as there was no longer contribution from SAH. NAV has remained at around 36 cents .

Shouldnt the share price adjust itself downwards by 25% ?
Overall dividend has dropped from 1.94 cents to 1.7 cents

To give some credit to company the following has improved:

A. Net indebtedness has been reduced to zero . Cash reserve of 42mil can be used to pare down all long term debts. Zero Debt . Technically there is no need for company to pare down its debts fully . Most companies don't do that .

B . With capacity investment already completed in last FY, there is little need for capex . This implies all future operating CF could likely be returned to shareholders . Full year net operating CF average about 40mil.

C. Interesting development at SAH could emerge. Shell commands some market values , probably 10 to 15 mil. Once SAH fully winds down, New Toyo will get additional 29.3mil, excluding the value of Shell.

D. With BAT's commitment to go big into the Philippines, Tien Wah is going to be a big beneficiary. New Toyo own specialty paper segment is likely to grow further too.


E. look out for land redevelopment plans at petaling jaya. There are reports of other companies already benefitting from land sales and redevelopment . ( eg Star Publication )

(03-03-2013, 08:11 AM)Stockerman Wrote: The latest results are disappointing . EPS has dropped by 25% from 4.51 cents to 3.37 cents as there was no longer contribution from SAH. NAV has remained at around 36 cents .

Shouldnt the share price adjust itself downwards by 25% ?
Overall dividend has dropped from 1.94 cents to 1.7 cents

I was RIGHT. There is NO WAY this type of SIN counter can go above 30 cents!...
Soon it will drop back to less than 25 cents...

Remember - Karma is waiting ...

(03-03-2013, 08:50 AM)Underdogger Wrote: To give some credit to company the following has improved:

A. Net indebtedness has been reduced to zero . Cash reserve of 42mil can be used to pare down all long term debts. Zero Debt . Technically there is no need for company to pare down its debts fully . Most companies don't do that .

B . With capacity investment already completed in last FY, there is little need for capex . This implies all future operating CF could likely be returned to shareholders . Full year net operating CF average about 40mil.

C. Interesting development at SAH could emerge. Shell commands some market values , probably 10 to 15 mil. Once SAH fully winds down, New Toyo will get additional 29.3mil, excluding the value of Shell.

D. With BAT's commitment to go big into the Philippines, Tien Wah is going to be a big beneficiary. New Toyo own specialty paper segment is likely to grow further too.


E. look out for land redevelopment plans at petaling jaya. There are reports of other companies already benefitting from land sales and redevelopment . ( eg Star Publication )

(03-03-2013, 08:11 AM)Stockerman Wrote: The latest results are disappointing . EPS has dropped by 25% from 4.51 cents to 3.37 cents as there was no longer contribution from SAH. NAV has remained at around 36 cents .

Shouldnt the share price adjust itself downwards by 25% ?
Overall dividend has dropped from 1.94 cents to 1.7 cents

http://www.propertyguru.com.my/property-...sformation

Section 13 in Petaling Jaya set for transformation
Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia

Jul 9, 2012 -


Section 13 in Petaling Jaya is set to be transformed into a new business park, said a recent report from The Star.

According to an unnamed town planner, current environment can no longer sustain the manufacturing sector in that 260-acre industrial and residential area.

"There are labour issues, traffic involving large trucks all of which are having a negative impact on the surrounding lots."

While it was not possible to have shophouses in Section 13, the town planner also noted that there is no need for another town centre within the area given the commercial areas of Section 14.

To this extent, it was then decided to transform Section 13 into a service-oriented commercial and business area to complement the surrounding areas.

"There are different ways to go about urban renewal or regeneration. There is the Kampung Baru model where laws and statues have to go through a parliamentary process. Or it can be done on a more ad hoc basis, as what is happening in some parts of Kuala Lumpur and Petaling Jaya where old buildings are demolished to make way for new ones," the town planner stated.

Meanwhile, Ahmad Jefri Clyde, Director of Garis Architects, noted that it is easier to transform an area when the landowners hold the title deeds to large tracts of land and are fairly united, rather than having to deal with hundreds or thousands of home owners.

Several landowners plan to develop serviced apartments, which could result in a large residential element. Also, two of the factories have been turned into churches. These two elements, according to Clyde, will help form the basis of a community.

---

No point talking about Land Redevelopment when the most important Core Business of cigarette printing/packaging is declincing (look at Tien Wah's Q4 results).

It would indeed be a BIG MIRACLE if New Toyo can rise above 30 cents or come near it!

(03-03-2013, 10:30 PM)Underdogger Wrote: http://www.propertyguru.com.my/property-...sformation

Section 13 in Petaling Jaya set for transformation
Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia

Jul 9, 2012 -


Section 13 in Petaling Jaya is set to be transformed into a new business park, said a recent report from The Star.

According to an unnamed town planner, current environment can no longer sustain the manufacturing sector in that 260-acre industrial and residential area.

"There are labour issues, traffic involving large trucks all of which are having a negative impact on the surrounding lots."

While it was not possible to have shophouses in Section 13, the town planner also noted that there is no need for another town centre within the area given the commercial areas of Section 14.

To this extent, it was then decided to transform Section 13 into a service-oriented commercial and business area to complement the surrounding areas.

"There are different ways to go about urban renewal or regeneration. There is the Kampung Baru model where laws and statues have to go through a parliamentary process. Or it can be done on a more ad hoc basis, as what is happening in some parts of Kuala Lumpur and Petaling Jaya where old buildings are demolished to make way for new ones," the town planner stated.

Meanwhile, Ahmad Jefri Clyde, Director of Garis Architects, noted that it is easier to transform an area when the landowners hold the title deeds to large tracts of land and are fairly united, rather than having to deal with hundreds or thousands of home owners.

Several landowners plan to develop serviced apartments, which could result in a large residential element. Also, two of the factories have been turned into churches. These two elements, according to Clyde, will help form the basis of a community.

---

---

maybe underdogger is thinking along lines of hidden gems(ie undev land) and hence actually share value is still grossly undervalued. something like hupsteel sort of thing in which its steel biz is ailing but yet hold plots of freehold land with hope something good may.happen.

Cigarette packing/printing companies are at the mercy of the big tobacco manufacturers...essentially New Toyo/Tien Wah have no pricing power. They cannot raise the price of their printing/packaging unlike BAT, PMI who can easily pass on the costs to the smokers.
Their cost margin will continue to be squeezed very badly - see Tien Wah Q4's results....

furthermore, BAT's cigarette sales volume in Asia Pacific was down for 2012. This has impacted Tien Wah directly.
Big tobacco manufacturers' revenue/profits can continue to rise despite the declining volume BUT NOT New Toyo and Tien Wah

(06-03-2013, 10:44 AM)paullow Wrote: maybe underdogger is thinking along lines of hidden gems(ie undev land) and hence actually share value is still grossly undervalued. something like hupsteel sort of thing in which its steel biz is ailing but yet hold plots of freehold land with hope something good may.happen.

I agreed with Stockerman. If New Toyo ever goes up above 30 cents, think can go and buy Toto/4D...Just sell and run first. it is not sustainable!...

EPS has dropped! Dividend has also dropped!...
Tien Wah 4Q profit has dropped!
http://www.tienwah.com/NewsUpdate2009.htm

The key shareholder continued to pare down its shareholding of Tien Wah. this is definitely a BAD SIGN!
they have been paring down since NOV 2012, after the release of Tien Wah Q3 results....

(07-03-2013, 09:13 AM)Stockerman Wrote: Cigarette packing/printing companies are at the mercy of the big tobacco manufacturers...essentially New Toyo/Tien Wah have no pricing power. They cannot raise the price of their printing/packaging unlike BAT, PMI who can easily pass on the costs to the smokers.
Their cost margin will continue to be squeezed very badly - see Tien Wah Q4's results....

furthermore, BAT's cigarette sales volume in Asia Pacific was down for 2012. This has impacted Tien Wah directly.
Big tobacco manufacturers' revenue/profits can continue to rise despite the declining volume BUT NOT New Toyo and Tien Wah

(06-03-2013, 10:44 AM)paullow Wrote: maybe underdogger is thinking along lines of hidden gems(ie undev land) and hence actually share value is still grossly undervalued. something like hupsteel sort of thing in which its steel biz is ailing but yet hold plots of freehold land with hope something good may.happen.

And the SAH has been dormant for such a long time...

Why did Mr Yen want to do with the shell of SAH?

A friend of mine in the field told me that it might take ages before any "deal" can be drawn out..
And with the tainted history of SAH (i.e. sell out on the cheap to "SWP"), might not be easy for any "deal" to materialize...
At the end of the day, u keep paying legal and consultancy fees and get nothing back in return. Cash position keeps withering down...

********

Once Tien Wah's long term supply contract with BAT up, it is going to be a big problem... Is New Toyo/Tien WaH able to secure a new contract with BAT, given that rising cost pressure?

Will BAT turn to other lower cost suppliers in China? There are many LOW COST vendors there!