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05-08-2013, 10:02 PM
(This post was last modified: 05-08-2013, 10:04 PM by Stockerman.)
Australia Smoking Rate to Beat U.S.’s on Tax
Australia’s plan to raise excise taxes on cigarettes could reduce its national smoking rate to below that of the U.S., a position it lost last year for the first time since 2004.
The CHART OF THE DAY compares the percentage of adults who smoke in Australia to levels in the world’s five-largest economies. The U.S. rate fell to 18 percent in 2012, below Australia’s 18.1 percent, according to data compiled by Bloomberg. France had the highest rate at 30.5 percent and was the only nation in the group where smoking rose the past decade. Japan declined the most, to 21.1 percent compared with 32.7 percent a decade earlier, the data show.
Among 80 economies tracked by Bloomberg Industries, India had the lowest smoking rate at 6.5 percent, followed by Hong Kong’s 10.2 percent. Georgia and Russia were highest at 46.7 percent and 41.9 percent, respectively.
“We know that increasing excise is the single most effective way for government to reduce premature death and disease due to smoking,” Australian Treasurer Chris Bowen said in a statement Aug. 1. Australia had the 12th largest economy, according to the most-recent global data.
The excise tax measure will increase the average price of cigarettes in Australia to almost A$1 each, or about A$20 ($17.80) per pack of 20. The average price of a pack of cigarettes in the U.S. was $6.10 as of the end of last year, according to data from the Tobacco Merchants Association. Costs and taxes vary among the 50 U.S. states. Minnesota last month raised taxes by about $1.60 per pack, pushing the average price to $7.50, according to a statement by ClearWay Minnesota, a non-profit group that aims to reduce tobacco use.
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06-08-2013, 02:40 PM
(This post was last modified: 06-08-2013, 03:35 PM by Underdogger.)
As long as there are smokers in Asia Pacific, Tien Wah/New Toyo will continue to serve BAT, as a balancing counterweight to Amcor.
Besides, BAT has yet to make a very big inroad into the world's biggest smoking nation, CHINA. It has just started. Tien Wah/New Toyo are very well placed to support BAT in this regard.
http://news.bbc.co.uk/2/hi/business/3900559.stm
http://abcnews.go.com/Business/story?id=87995&page=1
It is not a sunset industry as many have wrongly conceived.
As China's per capita income rises, the local smokers will gradually trade up to foreign brands...
Pls don't try to use a "straw man argument" to degrade Tien Wah/New Toyo here 
(04-08-2013, 09:27 PM)Curiousparty Wrote: Some investment guru told me that if you are looking for multi-fold gain in capital growth, New Toyo is not the counter to go..
Dividend yield is only mediocre provided it can continue to renew the contract with BAT. The returns might not be worth the risks involved...(e.g. regulatary risk, etc)
As explained by Stockerman, revenue seems to have peaked and EPS has been stagnating for quite a while...
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07-08-2013, 11:02 PM
(This post was last modified: 07-08-2013, 11:09 PM by pianist.)
The Board of Directors of New Toyo International Holdings Ltd (the “Company”) wishes to announce that its wholly-owned subsidiary, New Toyo Paper Products (Shanghai) Co., Ltd (“NTPS”), has incorporated a wholly-owned subsidiary, Nanning Shen Jiu Packaging Materials Company Ltd (the “New Subsidiary”), in the People’s Republic of China.
NT is now even nearer to the smoking world and the paper world..:0
on a separate note,
The Group's turnover (continuing operations) increased by 8.0% to SGD77.8 million in Q2FY2013 (SGD72.1 million in
Q2FY2012), mainly due to higher revenue in the Specialty Paper division. The Specialty Papers business has been awarded a 2 + 2 years supply arrangement by our major customer. The award formalises the ongoing supply transactions with the customer and would ensure sustainability of Specialty Papers business for the duration. most imptly, a 0.8cent dividend declared...swee bo?
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07-08-2013, 11:14 PM
(This post was last modified: 07-08-2013, 11:15 PM by Underdogger.)
New Toyo has bettered its performance compared to the same quarter a year ago!
The specialty paper segment has picked up tremendously with the 2+2 years contract with PMI, the biggest tobacco maker in the world. At this rate, the whole year EPS might reach 4 cents.
Cash level has reached 14 cents!!!! (Net cash = 6 cents)
As explained previously, as local Chinese people trade up to more premium foreign brands from PMI and BAT, New Toyo is going to benefit tremendously.
The incorporation of a new subsidiary in China is a testimony to this latest development. Welcome to the biggest smoking nation on Earth!
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just recently we received the special dividend..and so fast this interim dividend of 0.8cent...can't help it but feel like cash keeps falling on our face like the summer rain.
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Looking at the amount of cash on hand, it certainly looks like Special Dividend Round 2 is on the way...
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Er... why then did SAH disappeared after 9 years of being listed on SGX - once touted by N Toyo as a play for tobacco packaging in China during the listing?
History cannot be conveniently forgotten leh...
GG
(07-08-2013, 11:14 PM)Underdogger Wrote: New Toyo has bettered its performance compared to the same quarter a year ago!
The specialty paper segment has picked up tremendously with the 2+2 years contract with PMI, the biggest tobacco maker in the world. At this rate, the whole year EPS might reach 4 cents.
Cash level has reached 14 cents!!!! (Net cash = 6 cents)
As explained previously, as local Chinese people trade up to more premium foreign brands from PMI and BAT, New Toyo is going to benefit tremendously.
The incorporation of a new subsidiary in China is a testimony to this latest development. Welcome to the biggest smoking nation on Earth!
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09-08-2013, 10:49 AM
(This post was last modified: 09-08-2013, 10:52 AM by Stockerman.)
despite higher overall profit for 1st half of FY2013, dividend has remained miserably the same at 0.8 cents.
SAH Fiasco/Saga
SAH (Shanghai Asia Holdings) IPOed at 28 cents back in 2004 but it was delisted at around 20 cents..
http://forum.shareinvestor.com/archive/0...5B4_1.html
Is this the beginning of a new fiasco in the making? Enough of Chequered History!
*********
The Board of Directors of New Toyo International Holdings Ltd (the “Company”) wishes
to announce that its wholly-owned subsidiary, New Toyo Paper Products (Shanghai)
Co., Ltd (“NTPS”), has incorporated a wholly-owned subsidiary, Nanning Shen Jiu
Packaging Materials Company Ltd (the “New Subsidiary”), in the People’s Republic of
China.
The New Subsidiary has been incorporated for investment holding purpose.
The incorporation of the New Subsidiary will not have any material impact on the
consolidated net tangible assets and earnings per share of the Group for the financial
year ending 31 December 2013.
None of the Directors or controlling shareholders of the Company have any interest,
direct or indirect (other than through their shareholdings in the Company), in the
incorporation of the New Subsidiary.
By Order of the Board
Lee Wei Hsiung
Company Secretary
7 August 2013
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10-08-2013, 05:38 PM
(This post was last modified: 10-08-2013, 10:15 PM by Underdogger.)
SAH was conceived to tap onto the play on China’s domestic tobacco. New Toyo was smart enough to exit SAH at its peak, failing which the business might be "swallowed" by the Chinese crooks - Liu Family.
This time round, the perspective is different - it would be to support foreign companies (BAT, PMI, etc) inroads into China.
New Toyo Paper Products (Shanghai)’s production probably cannot meet the current demand.
Looks like there is request for a lot more specialty paper business, requiring a new subsidiary to be set up.
***********************
The Board of Directors of New Toyo International Holdings Ltd (the “Company”) wishes
to announce that its wholly-owned subsidiary, New Toyo Paper Products (Shanghai)
Co., Ltd (“NTPS”), has incorporated a wholly-owned subsidiary, Nanning Shen Jiu
Packaging Materials Company Ltd (the “New Subsidiary”), in the People’s Republic of
China.
The New Subsidiary has been incorporated for investment holding purpose.
The incorporation of the New Subsidiary will not have any material impact on the
consolidated net tangible assets and earnings per share of the Group for the financial
year ending 31 December 2013.
None of the Directors or controlling shareholders of the Company have any interest,
direct or indirect (other than through their shareholdings in the Company), in the
incorporation of the New Subsidiary.
By Order of the Board
Lee Wei Hsiung
Company Secretary
7 August 2013
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10-08-2013, 06:02 PM
(This post was last modified: 10-08-2013, 06:03 PM by pianist.)
what was the price nt exited sah?
I guess there are ppl then happily got ipo price at 0.28 and then forced to exit at 0.2, thus resulting in a sour bad memory?
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