New Toyo

[Underdogger]

Singapore market is always known for its IRRATIONALITY ............

Good for arbitrage trading - Hope your call is correct

[ValueBeliever]

big gains should be coming soon. If the share price has been consolidating at this level, could only mean big insiders r supporting it by not selling it down. PE of Tien Wah is indication of revenue and profit growth, New Toyo should be confident to achieve higher EPS and increase dividend payout by attracting broking house coverage of +ve yield shares. Many years back when Spore still have BATS and Rothman Spore, these Co. pay very high dividend - ppl buy them and never trade except during dividend time.

Now we can see in market - Newly listed Co. like UE EC gives 6cts, and for Co. such as NEW TOYO which has a stable revenue and earnings, with much higher dividend yield paid 1/2 yearly, dont understand why broking Co. dont issue coverage?

If its dividend from SAH is coming, why they dont do a cover like LianBeng which is tied on cash and yet they can issue a coverage to push it higher? New Toyo doesnt like to be known for better performance or has no SGX sponsor to speak of?

[Underdogger]

If a substantial dividend payout is forthcoming, there is no reason why New Toyo should stay at current price level...just too cheap valuation...

Let's wait patiently for the slow regulatory closing of SAH deals to come through, which should be pretty soon, according to SAH's announcement that the sales should be completed in 1st Q of 2012...

[ValueBeliever]

Cash in bank is useless nowadays. The only way to generate wealth is for sharehldrs both majority and minority to reward themselves thru the market and the market of late you can see it very clearly now. If you got a growth model and dividend paying, not blind growth is rewarding for both party.

Ppl throw the money chasing yield and dividend then to wait around for growth strategy to be fulfilled

Lets stay the same course and wait for SAH to distribute out the cash to NY.

[Underdogger]

Tien Wah which is 55% owned by New Toyo is both a dividend and growth stock!

Its dividend payout has increased and its net profit has doubled


*********

Extracted from Tien Wah's 4th Q Results

Dividends
2010 - 6.23 mil RM
2011 - 10.711 mil RM or 72% increase.

Consolidated Profit before Tax
2010 - 21.1 mil RM
2011 - 43.5 mil RM or 106% increase!!

[rexace]

if really so much value, why are there so many sellers at 30-31c ?

[Underdogger]

Previously when New Toyo was at the 22 to 25 cents range, there were also tons of sellers then.
Little did those sellers realise the potential payout and they sold off , based on their own personal reasons. maybe now they are bending their heads against the wall. The same goes for now

I bet not a lot of New Toyo shareholders went to the extent of checking out Tien Wah's spectacular performance.....

[rexace]

well said.

let's wait for SAH conclusion which should be round the corner

Previously when New Toyo was at the 22 to 25 cents range, there were also tons of sellers then.
Little did those sellers realise the potential payout and they sold off , based on their own personal reasons. maybe now they are bending their heads against the wall. The same goes for now

I bet not a lot of New Toyo shareholders went to the extent of checking out Tien Wah's spectacular performance.....

[ken]

Well, I am learning a lot in this forum.

May I know why is the sale of Shanghai Asia not reported
in New Toyo company announcement ?

Many Thanks.

[portuser]

Ken
I believe New Toyo is not required to seek approval from its shareholders because SAH itself is not being sold. The sale involves SAH's operating businesses, and SAH obtained its shareholders' approval during an EGM.
New Toyo made reference to the sale in its 2010 annual report.

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Ken
I believe New Toyo is not required to seek approval from its shareholders because SAH itself is not being sold. The sale involves SAH's operating businesses, and SAH obtained its shareholders' approval during an EGM.
New Toyo made reference to the sale in its 2010 annual report.