King Wan Corporation

[GFG]

Khon Kaen Sugar Industry (KSL) 14.00 Baht

Khonburi Sugar (KBS) 10.20 Baht

KTIS 10.40 Baht

For the first time KTIS share price is more than KBS.

Next target is to "catch up" with KSL share price.

Is this "target" achievable? Any views?

any reason for the jump?
Of course I am happy it went up, but I gotta question the valuations given for KTIS.
It seems awfully steep. Sure there are strong arguments for the growth, but IMHO, paying for future growth is never good. I wouldn't invest in KTIS at this price.
Hope KW sells out EVERYTHING now at ard 10baht and pays a small portion out as special dividend while investing the rest wisely
<vested>

KTIS released their Q1 results and is paying 0.30baht dividend. I have not looked at the results but heard is good.

Having trouble looking out for this information (as I don't know thai).
Wondering if any buddies out there knows:
How often does KTIS give out dividend? If they give out 0.3 baht dividend in Q1, does that mean they're giving quarterly dividends?
If so, 0.3 baht alone is a 3% dividend IN A SINGLE QUARTER??
Or is this a 1 off event after listing?

[GPD]

Khon Kaen Sugar Industry (KSL) 14.00 Baht

Khonburi Sugar (KBS) 10.20 Baht

KTIS 10.40 Baht

For the first time KTIS share price is more than KBS.

Next target is to "catch up" with KSL share price.

Is this "target" achievable? Any views?

any reason for the jump?
Of course I am happy it went up, but I gotta question the valuations given for KTIS.
It seems awfully steep. Sure there are strong arguments for the growth, but IMHO, paying for future growth is never good. I wouldn't invest in KTIS at this price.
Hope KW sells out EVERYTHING now at ard 10baht and pays a small portion out as special dividend while investing the rest wisely
<vested>

KTIS released their Q1 results and is paying 0.30baht dividend. I have not looked at the results but heard is good.

Having trouble looking out for this information (as I don't know thai).
Wondering if any buddies out there knows:
How often does KTIS give out dividend? If they give out 0.3 baht dividend in Q1, does that mean they're giving quarterly dividends?
If so, 0.3 baht alone is a 3% dividend IN A SINGLE QUARTER??
Or is this a 1 off event after listing?

I believe this 0.3baht dividend is for the FY13 based on this announcement:
http://www.set.or.th/set/newsdetails.do?...country=US

KTIS's dividend policy is to pay no less than 50 percent of net profits after reserves as stated in this annoucement:
http://www.set.or.th/set/newsdetails.do;...country=US

Based on FY13 EPS of 0.39, the payout ratio is 77%. The amt is about SGD0.39 cent per KWC share.

KTIS Q1 EPS is 0.18bhat. Simply multiply by 4 gives a FY EPS of 0.72baht. Assuming a payout ratio of say 75%, that give a dividend of 0.54bhat which is about SGD0.7 cent per KWC share.

[GFG]

Khon Kaen Sugar Industry (KSL) 14.00 Baht

Khonburi Sugar (KBS) 10.20 Baht

KTIS 10.40 Baht

For the first time KTIS share price is more than KBS.

Next target is to "catch up" with KSL share price.

Is this "target" achievable? Any views?

any reason for the jump?
Of course I am happy it went up, but I gotta question the valuations given for KTIS.
It seems awfully steep. Sure there are strong arguments for the growth, but IMHO, paying for future growth is never good. I wouldn't invest in KTIS at this price.
Hope KW sells out EVERYTHING now at ard 10baht and pays a small portion out as special dividend while investing the rest wisely
<vested>

KTIS released their Q1 results and is paying 0.30baht dividend. I have not looked at the results but heard is good.

Having trouble looking out for this information (as I don't know thai).
Wondering if any buddies out there knows:
How often does KTIS give out dividend? If they give out 0.3 baht dividend in Q1, does that mean they're giving quarterly dividends?
If so, 0.3 baht alone is a 3% dividend IN A SINGLE QUARTER??
Or is this a 1 off event after listing?

I believe this 0.3baht dividend is for the FY13 based on this announcement:
http://www.set.or.th/set/newsdetails.do?...country=US

KTIS's dividend policy is to pay no less than 50 percent of net profits after reserves as stated in this annoucement:
http://www.set.or.th/set/newsdetails.do;...country=US

Based on FY13 EPS of 0.39, the payout ratio is 77%. The amt is about SGD0.39 cent per KWC share.

KTIS Q1 EPS is 0.18bhat. Simply multiply by 4 gives a FY EPS of 0.72baht. Assuming a payout ratio of say 75%, that give a dividend of 0.54bhat which is about SGD0.7 cent per KWC share.

i see. Thanks for the reply.

Just noticed that 2 members of the Chua family also directly appear on the top 20 shareholders of KTIS, in addition to King Wan.
So they have a very strong vested interest for KTIS to do well and truly believe in KTIS.

[GPD]

Yes, the Chuas have direct stake. I think holding on to KTIS may not be so bad a thing after all.

Did a translation on the shareholder's list. The translated results are quite interesting:
Rank Major Shareholders # Shares % Shares
1. Her heart Siriviriyakul 1,652,995,200 42.82
2. 3 S. Holding Company Limited. 708,964,800 18.37
3. Mr. Sira fortune Siriviriyakul 190,000,000 4.92
4. MAYBANK KIM ENG SECURITIES PTE. LTD. 128,000,000 3.32
5. The lyrics Atisak Siriviriyakul 120,892,900 3.13
6. THE BANK OF NEW YORK (NOMINEES) LIMITED 97,800,000 2.53
7. KING WAN CORPORATION LIMITED 87,267,000 2.26
8. I hope lightens landscape auspicious preparation for concerts. 72,345,300 1.87
9. Mr. Prin Siriviriyakul. 70,832,000 1.84
10. Ms. Siri Siri calls Viriyakul 65,000,000 1.68
11. Thailand NDVR Company Limited. 44,334,506 1.15
12. I hope lightens excellent landscape State University. 42,251,400 1.09
13. Ms. Ray lyrics Siriviriyakul 38,880,000 1.01
14. Mr Gul excellent landscape auspicious joyful hope. 35,296,300 0.91
15. KING WAN INDUSTRIES PTE. LTD. 29,051,000 0.75
16. I wish Siriviriyakul 27,216,000 0.71
17. Mrs. drug Siriviriyakul 27,215,900 0.71
18. Mr Gould mandated fluorescent 25,439,300 0.66
19. MISS CHUA ENG ENG 21,544,000 0.56
20. MR.CHUA KIM HUA 20,492,300 0.53
21. FAR EAST DISTILLERS PTE. LTD. 20,047,000 0.52
22. SINOTAC GROUP PTE.LTD. 20,047,000 0.52

A question. Why split the holdings between KWC and KWI?

[desmondxyz]

Skywoods project sales up to May :
Unit launched : 420
Unit sold : 82 (19.52%)
Unit unsold : 338 (80.48%)

[desmondxyz]

What happened? Did Kingwan sell their stake in KTIS?

[kye_lin]

Woo hoo! Huat ah!

[GFG]

What happened? Did Kingwan sell their stake in KTIS?

No idea, doesnt seem to be any particular news.
Think it could be because its nearer to the dividend ex date.
KW gives out great dividends, and the fact that there's a mid yr dividend means on an annualised basis, the div is actually even higher
(cos you get to utilise the dividends u receive for half a yr)
Still holding on to my 1000 lots. Expecting it to cross $0.40 before the end of 2014

[LittleBoyInvestor]

Some big fish bought 1628 lots @ 0.340 to clear this strong barrier away.

High of today 0.370.

Hmm. Wonder who could have bought quite a big share on it.
Insider buying?

Cheers!
http://littleboyinvestment.blogspot.sg

[BestPrice]

Sold a few lots to test who is buying at 34 cents, 34.5 cents and 36.5 cents.
CIMB is the main buyer.

Some big fish bought 1628 lots @ 0.340 to clear this strong barrier away.

High of today 0.370.

Hmm. Wonder who could have bought quite a big share on it.
Insider buying?

Cheers!
http://littleboyinvestment.blogspot.sg