My questions :
I will like to ask
some questions relating to the listing of KTIS. I understand that the IPO will
be listed on 28th April 2014. Will KingWan be liquidating all it's S$50m worth
of KTIS shares? or will be holding onto some?
Another question regarding the loan to associates. I understand that loans made to associates totalling S$54m; S$23m bears interest at 2.5% to 5% per annum, S$26m interest free. What are your views on it?
Another question regarding the loan to associates. I understand that loans made to associates totalling S$54m; S$23m bears interest at 2.5% to 5% per annum, S$26m interest free. What are your views on it?
Here is their reponse
I believe King Wan's management will do their best to monitor the price movement of KTIS and hopefully offload some at the right price. I am confident that they are capable of doing so.
KTIS will be listed at 10 Baht/Share. For every increase in 1 Baht/Share will see an increase in S$4.56m. So timing to release these shares have to be precise. One forum-er in VB has mentioned earlier that another IPO listing of similar industry (Food and Agro Industry), Ichitan Group Public Company which is on Stock Exchange of Thailand has shot up on the first day of release.
IPO Price - 13 Baht/Share.
First day Closing Price - 16.20 Baht/Share.
Now Current Closing Price - 17.90 Baht/Share.
If we are to see KTIS shares to shoot up by 25-35% like how Ichitan shares did, we are looking at another S$10-15m coming in if King Wan are to offload their KTIS shares. Yummy Yummy!
The only question now is, when will King Wan offload their shares?
Looking forward to Monday :)
Similar post:
King Wan Corporation Limited on KTIS IPO Listing
King Wan Corporation Limited - More Upside Potential?
Cheers!
Little Boy
No comments:
Post a Comment