Search my blog ...

Loading

Wednesday, January 1, 2014

King Wan

http://kfc1973-stock.blogspot.sg/2013/12/king-wan-105-yield-sustainable-dmg.html

KWAN is the largest mechanical & electrical (M&E) player in Singapore with an orderbook stretching to CY16. It pays a core 5.3% yield, with KTIS potentially listing in Feb 2014. This will allow the company to double as well as maintain its dividend going forward. Management has shown investment acumen and willingness to pay dividends. Maintain BUY, with SGD0.43 TP, based on 7% yield.

No comments:

Post a Comment