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12-08-2017, 01:59 PM,
Post: #171
RE: TeckWah
(12-08-2017, 10:53 AM)gutman Wrote:
(27-02-2017, 10:55 AM)gutman Wrote: Teckwah seems to do well operationally. Even at recent price, the stock does not look expensive given that it trades at  0.718x NAV and gives a yield of 4.44% based on current price, with 1/4 of its share price backed by cash. Gearing stood at a low of 9.2%.

However, I think they need to improve on their investor relations.

Management needs to address the issue of liquidity as well as a lack of media attention. It has very low trading volume and no media covers them. Their latest full year result is not even picked up by Business Times or The Straits Time. I think no analyst covers them.

Apart from the financial ratios, I still have the same comments as mentioned above.

Teckwah is a good company i agree, but i took some profit at 50+ levels due to its all time high price now relative to historical. But with the increase in div last year, thomas chua might have anticipated an earnings boost going forward as the company is conservative always paying out 1/3 of earnings. So we should see some positive earnings correlations going forward and hence price resilience.

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