TeckWah

[Scg8866t]

It was full of net cash until that went into pixel red. So no longer as attractive and also lack of cash buffer if market or business downturn.

Whilst business is still good , growth is limited and payout likely won't be that good for next few years as u can see mgt. Is continuing to build up net cash buffer. Historically mgt. Is conservative so this is likely to continue happening.

As for technical analysis, as a value investor dun care much for it but if u look further back 10 years, this stock more or less correlates well to sti index/market sentiment.



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Teckwah currently has close to 23mil in net cash. Cash on hand per share is ard 16.3cts per share. That was after buying into Pixel Red which i believe is a great investment for them. They are using a part of the space there and renting the rest for additional income. 

In terms of cash per share, its higher than new toyo. New toyo has a heck of alot more risk in terms of currency(rupiah and durim) and expansion execution in the middle east. Despite Teckwah being close to 5 years high, its price to book is still lower than new toyo. In terms of taking private, new toyo has close to zero chance as it is dependent on BAT. 

I like both companies though, but have sold some new toyo when it broke 30cts previously. My view.