Wait for the eventual catalyst to come. The annc with
1 picture and lots of names.
(22-10-2013, 07:08 PM)opmi Wrote: [ -> ]Wait for the eventual catalyst to come. The annc with
1 picture and lots of names.
With improvements in medical technology, he may yet live long and prosper.
i think the current price is fair...
i agree with a post from a sifu somewhere in this thread that it's not appropriate to value Haw Par with a mark-to-market valuation due to its conglomerate nature... discount is always there...
looking at its P/B chart after 2008 crises, price of Haw Par has been trading at 20-50% discount to its book value... which means if its BVPS is growing at 5% annually, the 1Y target price would be between 5.6 to 9 SGD... about 20% upside and downside...
the difficult part is to identify the probability of downside vs upside and the catalysts that would make the stocks trade at higher/lower discount....
Anyone know the history of how Haw Par Corp came under the control of the Wee Family?
(18-05-2014, 11:13 PM)LLI Wrote: [ -> ]Anyone know the history of how Haw Par Corp came under the control of the Wee Family?
The company was originally a family business owned by the aw family( herbalists by profession) , it was subsequently taken over by the wee's after failed attempts to expand operations which resulted in the collapse of the firm.
If my memory stands , it was a sought after gem (tiger balm) by a few parties but the wees eventually emerged victorious
(19-05-2014, 10:53 AM)InvestArk Wrote: [ -> ] (18-05-2014, 11:13 PM)LLI Wrote: [ -> ]Anyone know the history of how Haw Par Corp came under the control of the Wee Family?
The company was originally a family business owned by the aw family( herbalists by profession) , it was subsequently taken over by the wee's after failed attempts to expand operations which resulted in the collapse of the firm.
If my memory stands , it was a sought after gem (tiger balm) by a few parties but the wee's eventually emerged victorious
http://books.google.com.au/books?id=3jyw...ar&f=false
Check out this link to the book for the Aw family - interesting reading as it was part of a complicated affair that involved the once high profile Slater & Walker. If I am not wrong, there was some sort of scandals that brought about a crash to local stock market...
(19-05-2014, 11:43 AM)greengiraffe Wrote: [ -> ]http://books.google.com.au/books?id=3jyw...ar&f=false
Check out this link to the book for the Aw family - interesting reading as it was part of a complicated affair that involved the once high profile Slater & Walker. If I am not wrong, there was some sort of scandals that brought about a crash to local stock market...
The book in question is
Escape From Paradise. Its circulation is restricted in Singapore, apparently because of "sensitive" information disclosed in the book.
The book has its own website at
www.escapefromparadise.com. Interesting reading.
The website
www.yeocheowtong.com also has a lot of information about the book and its contents. Despite the site's inflammatory statements, it has been up for years. It specifically names several people who are (or were) prominent lawyers, who presumably have the legal firepower to bring it down if they could. That they have not done so implies that the information on the site (if not the parodies and caricatures) is accurate.
Forum members with an inquiring mind may find it worthwhile to peruse both sites.
Also there is a review of the book and an interview with the author here:
http://www.escapefromparadise.com/PDF/tsww.pdf
As usual, YMMV.
I read and found the book a little dated on the info more relevant to the 80's and early 90's though eye opening into the lives of opulent rich also logically speaking their wealth was a result of drug smuggling or rather opium as described in the book.
If you think about it the aw's owned lots of property in sg and overseas, vast tracts of land in pasir panjang, the west coast park that you see today could have been part of that property once upon a time, though we all enjoy reading rags to riches story ask yourself how was that wealth ever possible that it came about from selling small jars of ointment for 1cts 2cts in the 18th to early 19th century they must have sold several billion jars of ointment in order to have built that vast empire. It's a story of greed. The whole book is a mix of greed wealth lust and covert spies a good movie script.
After reading the book I think much of the banking corp what you see today of uob once upon a time was part of the Aw empire. UOB back in those early times was just a minor player after they bought over the banking from the Aw's they grew from there.
Btw I read Jim slater still around I think he writes children's novels.
Quote:The website http://www.yeocheowtong.com also has a lot of information about the book and its contents.
A search on the website owner turns out to be John Harding and if you search the website in the GoDaddy.com, you will find detailed information of John Harding's address, phone no.and email address.
Interestingly, John Harding is basically giving all the necessary information to anyone or anyone's lawyer that wants to contact him.
The creation date of the website goes back to 2005. So, the website is around for close to 10 years and still kicking. Interesting indeed.
(19-05-2014, 04:53 PM)yeokiwi Wrote: [ -> ]Interestingly, John Harding is basically giving all the necessary information to anyone or anyone's lawyer that wants to contact him.
The creation date of the website goes back to 2005. So, the website is around for close to 10 years and still kicking. Interesting indeed.
As the author noted in the interview:
"I have 20 boxes of filed documents, and tape recordings, and 3,000-odd timeline items for the birth of Escape From Paradise. We can’t see any openings where we might risk being sued. So I’ve no fear of consequences."
So it appears that at the very least, the information presented in the book is accurate enough to withstand a legal challenge from those it mentions.