Tsit Wing International

[dydx]

Tsit Wing has an ERP system supplied by SAP to support its expanding business operations. Interesting reading.....
http://www.sap.com/hk/about/company/pdf/...itwing.pdf

[brattzz]

1 lot sold at 18cts today, :O

someone setting the stage again...

[brattzz]

Yeoman emailed,

TW management + agm coming up,

[dydx]

Tsit Wing's FY11 (ended 31Dec11) AR makes interesting reading.....
http://info.sgx.com/listprosp.nsf/07aed3...00038261b/$FILE/Tsit%20Wing%20AR%202011.pdf

As Chairman/CEO Dr Wong Tat Tong has clearly highlighted/stated in his Chairman's Statement (p2) that “We are confident the Group will improve profit-earning ratio in the coming year.”, I suppose we can reasonably expect Tsit Wing to post better profit numbers in FY12 (ending 31Dec12).

I now look forward to the coming HKD0.031/share (equivalent to approx. $0.005/share) Final dividend to be paid on 31May12, with 'XD' date fixed for 9May12.

[brattzz]

Public Shareholding as at 29th February 2012 is approximately 20%.

Looking forward to the uptrend...

[ngcheeki]

Anyone attended (20/4/2012)today's AGM? Can share some of your summary? Thank you.

[brattzz]

didn't managed to make it this time... :O

[ngcheeki]

Q1 2012 Result is out this evening. A short summary:

Profit for the period attributable to
the owners of the Company (HK'000) 628 ( Drop 79.8% compared to Q1 2011 of 3,105 )
EPS 0.29 HK cents
NAV 144.7 HK cents

Prospects:
The Group experienced a challenging environment, especially on rising commodity prices in prior year.
In 2012, the trend of coffee prices has come down and remains at steady level which the Group expects to
benefit from it. In the coming quarters, the Group is actively in diversifying the products range by
working closely with strategic partners to manufacture beverage machines and also developing new
strategies with long-established business partners for additional business opportunities.

http://info.sgx.com/webcoranncatth.nsf/V...9002EC205/$file/ResultsAnnouncement2012Q1.pdf?openelement

[brattzz]

Q2 2012 out.

Good profit margin.

Interim Dividend, same as 2011! : )

HK$0.015

[brattzz]

Q3 2012 out

All good growth!

1) Revenue +20%
2) Gross Profit +20%
3) Profit Margin 32% (slight increase)

The financial position of the Group remained healthy. Cash and cash equivalents amounted to HK$77.5 million as at 30 September 2012. Current ratio as at 30 September 2012 was 2.7 times (2011: 3.1 times).

The Group should benefit from current level of coffee prices with closely monitoring of inventory control system and gross profit margin is expected to be increased gradually. In the coming quarters, the Group will launch new products including beverage machines to diversify the product range and contribute additional business growth in both Hong Kong and China markets.