That makes sense so this confirms that we can expect another dividend from KTIS for this reporting year ![Smile Smile](https://www.valuebuddies.com/images/smilies/smile.gif)
My expectations are that KWC M&E business will be stable tho nothing exceptional to expect from it anytime soon: they regularly win new M&E contracts mostly with HDB and they seem to be able to maintain a decent profit margin on their M&E business despite the tight current labor cost environment.
Meanwhile KTIS will provide hopefully good recurrent dividends. Their 20% stake in a dormitory will be exciting times that should provide additional CF (and dividends for us?) when it starts operations in 2016.
![Smile Smile](https://www.valuebuddies.com/images/smilies/smile.gif)
My expectations are that KWC M&E business will be stable tho nothing exceptional to expect from it anytime soon: they regularly win new M&E contracts mostly with HDB and they seem to be able to maintain a decent profit margin on their M&E business despite the tight current labor cost environment.
Meanwhile KTIS will provide hopefully good recurrent dividends. Their 20% stake in a dormitory will be exciting times that should provide additional CF (and dividends for us?) when it starts operations in 2016.