King Wan Corporation

[LittleBoyInvestor]

King Wan's Full Year Result

King Wan's Press Release Report

Dividend announced - SGD 0.015
XD on the 5 August 2014

Cheers!
http://littleboyinvestment.blogspot.sg

[GPD]

1.5cts! Nice.

[LittleBoyInvestor]

1.5cts! Nice.

Third consecutive year paying a dividend of 1.5cents

2001 - SGD 0.005
2002 - SGD 0.005
2005 - SGD 0.0015
2006 - SGD 0.00075
2007 - SGD 0.00075
2008 - SGD 0.00225
2010 - SGD 0.00786
2011 - SGD 0.013
2012 - SGD 0.015
2013 - SGD 0.015
2014 - SGD 0.015

Now we shall see next year dividend.

Cheers!
http://littleboyinvestment.blogspot.sg

[GPD]

is 2cts for 2014

[tikam tikam]

is 2cts for 2014

I have a little bit of this stock. That sounds more like it.

[heifien91]

Cheers to all that held the stock despite the huge slide previously

Hopefully, this increase in dividend would start attracting more investors, pushing up KingWan's share price.

(vested)

[desmondxyz]

1.5cts! Nice.

Third consecutive year paying a dividend of 1.5cents

2001 - SGD 0.005
2002 - SGD 0.005
2005 - SGD 0.0015
2006 - SGD 0.00075
2007 - SGD 0.00075
2008 - SGD 0.00225
2010 - SGD 0.00786
2011 - SGD 0.013
2012 - SGD 0.015
2013 - SGD 0.015
2014 - SGD 0.02

Now we shall see next year dividend.

Cheers!
http://littleboyinvestment.blogspot.sg

[LittleBoyInvestor]

is 2cts for 2014

Thanks for the correction
Apologies for my mistake.

Yeap. It's SGD 0.02 for Year 2014.

Cheers!
http://littleboyinvestment.blogspot.sg

[kye_lin]

King Wan Corporation - FY14 Analyst Briefing Highlights
Written By Stock Fanatic on Friday, June 6, 2014 | 6.6.14
« Previous Next »

OCBC Research attended King Wan Corporation Limited’s FY14 results briefing yesterday. Here are some key takeaways:

FY14 PATMI declined by 4.5% to S$6.7m
Despite a 43.9% YoY increase in revenue to S$95.4m in FY14, King Wan’s PATMI decreased by 4.5% to S$6.7m. The decline in PATMI was due to higher expenses incurred, notwithstanding a 44.5% YoY revenue increase in the Mechanical and Electrical (“M&E”) segment. Administrative expenses rose by 43.6% to S$8.5m due to higher net allowance for doubtful trade receivables and higher net allowance for inventory obsolescence. Finance costs have also increased by 129.5% to S$0.5m due to higher utilization of bank facilities to finance its core M&E business and investments in property development.

FY14 dividend hike
The total dividend per share for FY14 will be $0.020/share, constituting a final dividend recommendation of S$0.015/share and paid interim dividend of S$0.005/share in view of KTIS listing in Thailand which values King Wan’s ~3.01% shareholding in KTIS at ~S$43m. The total dividend amount represents a payout ratio of 103.6% and a yield of 5.9% for FY14.

Solid pipeline till 2017 for its main business segment
King Wan’s main business segment – M&E contributes approximately 96.1% share to total revenue. Its current order book of S$153m provides a visible stream of revenue till 2017. The growth driver for its M&E segment is mainly attributed to government support to build more homes and infrastructures for the planned population growth.


Intra Day

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Technical Analysis

Daily Chart
Workers’ accommodation – a new business segment
King Wan has entered into the workers’ accommodation business with a 19% stake in a new workers’ dormitory project. The Tuas dormitory will have a capacity of 9,200 beds and is stipulated to be completed by 2016. King Wan is expected to draw revenue from this segment over 20 years as an owner-operator. Management believes that in view of the workers’ accommodation shortage in the market, the demand and revenue outlook for this business segment is positive.

Trading at 17.3x FY14 PER
We do not have a rating on King Wan Corporation Limited. According to Bloomberg, there is currently 2 BUY rating on the stock, with a 12M target price of S$0.43 (based on coverage over the past 6 months).

Source : OCBC Research

[GFG]

King Wan Corporation - FY14 Analyst Briefing Highlights
Written By Stock Fanatic on Friday, June 6, 2014 | 6.6.14
« Previous Next »

OCBC Research attended King Wan Corporation Limited’s FY14 results briefing yesterday. Here are some key takeaways:

FY14 PATMI declined by 4.5% to S$6.7m
Despite a 43.9% YoY increase in revenue to S$95.4m in FY14, King Wan’s PATMI decreased by 4.5% to S$6.7m. The decline in PATMI was due to higher expenses incurred, notwithstanding a 44.5% YoY revenue increase in the Mechanical and Electrical (“M&E”) segment. Administrative expenses rose by 43.6% to S$8.5m due to higher net allowance for doubtful trade receivables and higher net allowance for inventory obsolescence. Finance costs have also increased by 129.5% to S$0.5m due to higher utilization of bank facilities to finance its core M&E business and investments in property development.

FY14 dividend hike
The total dividend per share for FY14 will be $0.020/share, constituting a final dividend recommendation of S$0.015/share and paid interim dividend of S$0.005/share in view of KTIS listing in Thailand which values King Wan’s ~3.01% shareholding in KTIS at ~S$43m. The total dividend amount represents a payout ratio of 103.6% and a yield of 5.9% for FY14.

Solid pipeline till 2017 for its main business segment
King Wan’s main business segment – M&E contributes approximately 96.1% share to total revenue. Its current order book of S$153m provides a visible stream of revenue till 2017. The growth driver for its M&E segment is mainly attributed to government support to build more homes and infrastructures for the planned population growth.


Intra Day

Gadgets powered by Google

Technical Analysis

Daily Chart
Workers’ accommodation – a new business segment
King Wan has entered into the workers’ accommodation business with a 19% stake in a new workers’ dormitory project. The Tuas dormitory will have a capacity of 9,200 beds and is stipulated to be completed by 2016. King Wan is expected to draw revenue from this segment over 20 years as an owner-operator. Management believes that in view of the workers’ accommodation shortage in the market, the demand and revenue outlook for this business segment is positive.

Trading at 17.3x FY14 PER
We do not have a rating on King Wan Corporation Limited. According to Bloomberg, there is currently 2 BUY rating on the stock, with a 12M target price of S$0.43 (based on coverage over the past 6 months).

Source : OCBC Research

Thanks for posting
Nothing new though

Just to point out the PER will probably fall drastically this FY cos the EPS will shoot up from the recognition of 24mil this FY
24 mil alone is ard 6.5cents per share, compared to 1.97cents previous FY!

(vested)