Tsit Wing International

[brattzz]

dual listing? Mmmm.... looks like the owner might not take it private afterall!

By all means, list in HKSE! will raise profile of the co. in china too!

[dydx]

It is important to note that Tsit Wing's business volume and top line revenue continue to grow, and the new major production facility in Dongguan will enable/support Tsit Wing to grow into at least the Southern region of PRC for many years to come. There is a growth story here to support a secondary listing of this indigenious Hong Kong company on SEHK.

The rise in coffee and tea prices cannot go on forever, and established players like Tsit Wing will eventually pass on the cost increases to their customers, and ultimately to the consumers.

[brattzz]

by doing a secondary listing, is it because the cost of bank loans has increased? debt cost is now higher?
is it more costly to loan from banks now in hk? :O

[brattzz]

I was wondering, Tsit Wing listed in sgx in Dec 2001, todate is already 10 yrs, will there be a 10th year anniversary special dividend? :O

Maybe should email the hk boss.

or maybe not since Tsit Wing is already raising funds thru equities and debt to go through this rough period....

[ngcheeki]

Will the supply glut of coffee be a good news for Tsit Wing?

http://www.bloomberg.com/news/2011-12-14...ities.html

[wsreader]

There is one lot done today at $0.161. This means the min fee of $25 is more than 15% of the share price !

[brattzz]

There is one lot done today at $0.161. This means the min fee of $25 is more than 15% of the share price !

now that is very strange indeed! someone setting the stage for something else?

[brattzz]

no news on this counter at all... :O

no news is good news?

Awaiting End Feb FY 2011 reporting to come in!!

[dydx]

FY11 (ended 31Dec11) full-year result was released last evening (24Feb12).....
http://info.sgx.com/webcoranncatth.nsf/V...D0030D1D7/$file/TW_Results_Announcement_FY2011.pdf?openelement
Even though full-year PBT had fallen 48.4% yoy to only HKD14.658m (approx. $2.4m), Q4's PBT actually jumped 283.7% yoy to reach HKD12.797m (approx. $2.1m), wiping after Q3's losses of HKD6.077m and itself amounting to more than 3x the average PBT for Q1 and Q2 of HKD3.969m. This strong qoq profit turnaround was supported by a 27% yoy increase in Q4's revenue to HKD160.541m (approx. $26.0m) - itself a new record.

The key reason for Q4's marked higher revenue and PBT figures is the commencement of operation and production of TW's new integrated services center in Dongguan in Q3. From the announcement, we know the new facility in Dongguan has increased TW's production capacity by 3x, and this will enable TW to further capture potential opportunities in Hong Kong and PRC. This is already in motion and is evidenced by a sharp 45.4% yoy increase in FY11's customer revenue in PRC to HKD155.95m (approx. $25.2m).

TW's latest B/S (as at 31Dec11) has remained rock-solid and liquid. In line with the lower NP in FY11, a smaller Final dividend of HKD0.031 (approx. $0.005/share; vs. HKD0.035 in last FY10) declared.

I think we now have a first sign of a potential sharp profit turnaround in TW in FY12/13, to be backed by a rapid increase in business volume and revenue.

[brattzz]

SGD $0.005 dividends, not bad lah!

start of turnaround...