KING WAN CORP -- loads of cash

Good sign, King wan up daily by 0.5 cts.
KTIS also very strong after .
Haha King wan also get the 30 cts THB.

King Wan proposed a final dividend of 1.5 cents (2013: 1.0 cents final dividend), bringing the total for FY14 to 2.0 cents.
Not that exciting without special dividend of even 0.5 cent ......

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
2015F - SGD0.03 ? ==> yield 10%!

Mel wrote: King Wan proposed a final dividend of 1.5 cents (2013: 1.0 cents final dividend), bringing the total for FY14 to 2.0 cents.
Not that exciting without special dividend of even 0.5 cent ......

Yes, not that exciting but more to come on their Q1, so hold and enjoy.

Haha it is approximately S$24 million.

 Update on the listing of Kaset Thai International Sugar Corporation Public
Company Limited -formerly known as Kaset Thai Industry Sugar Company
Limited (&ldquo KTIS&rdquo )

On 18 April 2014, KTIS received the approval from the Securities and Exchange
Commission in Thailand (" SEC" ) for listing. It has commenced trading on the Stock
Exchange of Thailand (SET) since 28 April 2014.
Based on the Sales & Purchase Agreement (&ldquo SPA&rdquo ) signed, the Group was allotted a total
of 116,318,000 shares. The Group holds approximately 3.01% of KTIS issued share
capital after the IPO.


The completion of the SPA is expected to have a material impact on the Group&rsquo s net
tangible assets and earnings per share for the current financial year ending 31 March
2015. The net gain accruing from the completion of the SPA is approximately S$24 million
and will be recognized in the first quarter ending 30 June 2014.

King Wan raises final dividend to 1.5 cents from 1.0 cent.
King Wan reported FY14 PATMI of SGD6.7m, slightly down
by 4% y-o-y. Its strong M& E order book of SGD153m is
equivalent to about 20 months of revenue, and will stretch
from 2014 to 2017. Management also raised the final dividend
from 1.0 cent to 1.5 cents per share, bringing the full-year
yield to 2.0 cents (or 6.25% yield at the current price). We
continue to expect a 3.0 cent dividend for the full year of
FY15F, translating into a forward yield of 9.4%. We currently
have a BUY recommendation with a TP of SGD0.43.(OSK-DMG)

Yummy