TeckWah

[dydx]

Teckwah has already gone up 10% in last 2 weeks (since 27Jun16) to close at $0.385 yesterday (7Jul16, Thursday), and with so few sellers left on the queue. It appears that if backed by the right catalyst events - and the coming 2Q result announcement and the usual interim dividend including - Teckwah as a stock counter would require very little market capital to advance further. We shall see.

[dydx]

The 3Q2016 issue of Teckwah's Caixun newsletter is out and makes interesting reading.....
https://onedrive.live.com/?authkey=%21AK...ot&o=OneUp

After reading the contents closely, I get a feeling that the coming 3Q result should be quite good.

[dydx]

3Q result out last night.....
http://infopub.sgx.com/FileOpen/ThirdQua...eID=429435

Rock solid performance so far under the prevailing weak market conditions. As at 30Sep16, Teckwah's B/S has also emerged into a big net cash position.

[SLC81]

3Q result out last night.....
http://infopub.sgx.com/FileOpen/ThirdQua...eID=429435

Rock solid performance so far under the prevailing weak market conditions. As at 30Sep16, Teckwah's B/S has also emerged into a big net cash position.

Indeed and nice surprise on the net profit upside due to the lower raw material cost.
Expect a beautiful year end result.

[BlueKelah]

3Q result out last night.....
http://infopub.sgx.com/FileOpen/ThirdQua...eID=429435

Rock solid performance so far under the prevailing weak market conditions. As at 30Sep16, Teckwah's B/S has also emerged into a big net cash position.

Indeed and nice surprise on the net profit upside due to the lower raw material cost.
Expect a beautiful year end result.

I wouldn't get too excited. Whilst MOS is pretty decent, Core print business seems to be in decline. Revenue so far also stagnant. 

Techwah also only like to payout ~30% so payout likely will be 2c assuming 6c FY EPS. only around 5% yield.

Lastly the stock price is pretty highish. There is possibly quite some downside to go if things get bad in singapore where their core biz is. 

Will be buying in again when the net cash builds up and it looks more attractive.

[dydx]

Teckwah is not a typical printing business. The best way to appreciate the strengths and diversity of Teckwah's service offerings is to analyse the "What We Do" page of the company website and watch the group's business video in the same page.....
http://www.teckwah.com.sg/WhatWeDo
and to review the 7 customer case studies in the "Case Studies" page of the company website.....
http://www.teckwah.com.sg/CaseStudy/

Quite clearly, Teckwah is very much an expert comprehensive print/packaging/logistics solutions provider to MNCs and large local companies producing consumer products.

[Scg8866t]

Teckwah is not a typical printing business. The best way to appreciate the strengths and diversity of Teckwah's service offerings is to analyse the "What We Do" page of the company website and watch the group's business video in the same page.....
http://www.teckwah.com.sg/WhatWeDo
and to review the 7 customer case studies in the "Case Studies" page of the company website.....
http://www.teckwah.com.sg/CaseStudy/

Quite clearly, Teckwah is very much an expert comprehensive print/packaging/logistics solutions provider to MNCs and large local companies producing consumer products.

Yes Teckwah has to be compared with the likes of Singpost now. Turn key logistics with asset stations world wide.

[Scg8866t]

Any news on Teckwah? Price seems to have moved up quietly more than 13% to 0.42 today.

[dydx]

Any news on Teckwah? Price seems to have moved up quietly more than 13% to 0.42 today.

At the last done share price of $0.40 level, Teckwah - as a well-established and managed and quality business with further growth potential into the longer term - remains far away from its latest (30Sep16) NAV/share at $0.6091. IMHO, Teckwah is also far, far away from its fair intrinsic value, which rationally speaking should be at a decent premium over its corresponding NAV/share.

[Mr. Pink]

There are dark clouds forming over Teckwah. Their single biggest Non Print customer has been acquired by a US MNC. Once the due diligence and other legal stuff are finalized, there is a very high chance that the acquiring company will take over all the existing Teckwah customer's operations and consolidate to save costs.

The whole company rests on Thomas Chua with no clear succession plans in place, or perhaps I should say capable successor identified. But Thomas is still in good health and hopefully he can continue to lead for some years to come but the sheer personality and influence of the man may also hinder the succession. Especially if the new Chairman is from within the ranks.

Disclosure : I am vested in Teckwah but small number of shares only.

Does anyone know who the biggest non-print customer is?  Thanks