Posted by YiStock > 2016-11-09 09:23 | Report Abuse

Layoff expenses finally registered. Next to wait for impairment of machinery, if any.


Posted by YiStock > Mar 19, 2016 08:57 AM | Report Abuse X

There is a risk which i think need to pay attention on: Impairment of machinery and layoff expenses. The impact can only be estimated when 2015 annual report is out/ be seen when my speculation on "centralizing" take place.

Posted by chankp7010 > 2016-11-09 09:37 | Report Abuse

For YiStock, what about the proceeds from sales of Property in PJ. I believe the JV with Lam Chang will report some profit. Also it should be 2016 annual report and not 2015 as reported.

Posted by riskabsorber > 2016-11-09 14:19 | Report Abuse

On 24 August 2015 the Company, had entered into a Memorandum of Understanding (“MOU”)
with Lum Chang Holdings Limited to jointly negotiate the terms of the proposed development of a
mixed-use commercial development at No 9 & 11, Jalan Semangat, 46200 Petaling Jaya,
Selangor Darul Ehsan under title no: 3674 and 3967, Lot 30 & 4, Section 13, Municipality of
Petaling Jaya, Selangor Darul Ehsan, on land which is currently held by TWPSB (the “Land”), a
wholly owned subsidiary of the Company on a 99-year lease from the State Government of
Selangor, Malaysia with a residue of approximately forty-four (44) years as of the date of this MOU
(the “Proposed Development”). The rationale for the MOU is to maximise the usage of the land
and deliver additional income stream for the Group.

Looks like it just entered into a MOU and not yet finalized.

Posted by dompeilee > 2016-11-12 18:41 | Report Abuse

How does the co. benefit when ppty devt is such a bad biz currently? Too late to the game!

Posted by sell > 2016-11-12 18:43 | Report Abuse

BAT keep dropping due to less smokers? How can Tienwah business still good?

Posted by Jimstock > 2016-11-14 18:47 | Report Abuse

The only country that is growing big is indonesia but unfortunately this market is dominated buy PhillipMorris (sampoerna) and Gudang garam. D.Jarum is string as well .. Bat is relatively small. Dont expect significant contribution from indon market for twp in near term. The game changer could be Dubai but take time.

Posted by JN88 > 2016-11-16 07:00 | Report Abuse

No support , going to drop more soon... sad

Posted by JN88 > 2016-11-16 07:01 | Report Abuse

Collect at 1.5...

Posted by YiStock > 2016-11-18 11:26 | Report Abuse

Hi Chankp7010, a JV agreement has been signed only in May 2016 which will followed by the land sales.

My previous tracking experience with sales of company by Mieco took more that 2 quarters only the profit was registered. Same thing happened to Johotin that selling off any old factory.

So i believe Tien Wah land sales will take some times..perhaps, let treat it as bonus and let wait for DOFICO which may give faster result.

cheers.


Posted by chankp7010 > Nov 9, 2016 09:37 AM | Report Abuse

For YiStock, what about the proceeds from sales of Property in PJ. I believe the JV with Lam Chang will report some profit. Also it should be 2016 annual report and not 2015 as reported.

Posted by YiStock > 2016-11-18 11:29 | Report Abuse

below references:

http://klse.i3investor.com/blogs/mieco/86553.jsp
http://klse.i3investor.com/blogs/johotin/92356.jsp

Posted by wkitwing > 2016-12-13 01:01 | Report Abuse

is it a bad karma if someone who do not smoke invest in tobacco counter?

Posted by riskabsorber > 2016-12-30 09:54 | Report Abuse

Tien Wah: To dispose of remaining 30% Benkert stake for RM25.8m. Printing firm Tien Wah Press Holdings has agreed to dispose of its remaining 30% stake in Benkert Malaysia SB to Benkert UK Ltd for RM25.8m. Tien Wah said it has accepted Benkert UK’s offer today to buy the 30% stake. Benkert UK owns the other 70% stake in Benkert Malaysia. Benkert Malaysia is principally involved in the manufacture and sales of standard and perforated tipping papers. Tien Wah said that it is exiting Benkert Malaysia to avoid any conflict of interest, considering that Benkert Malaysia may be in direct competition with PT Bintang Pesona Jagat. (The Edge)

Posted by riskabsorber > 2016-12-30 10:04 | Report Abuse

Disposing of profitable associate, the estimated gain on disposal of Benkert Malaysia is $0.9mil for TW. Bottom line will be further squeezed. Time to let go.

Posted by Edwardong53 > 2017-02-10 12:13 | Report Abuse

It is time that Tien Wah to give bonus issue or good dividends to their shareholders

Posted by charlie chia > 2017-02-10 13:24 | Report Abuse

Good suggestions
Thumb up

Posted by chankp7010 > 2017-02-10 15:02 | Report Abuse

Not likely Tienwah's Board will give bonus shares but I cannot rule out the Board might give out good dividends to shareholders for FY2016 provided FY16 reports are good.

Posted by riskabsorber > 2017-02-17 10:28 | Report Abuse

I always use BAT's result to calculate the revenue for TW.

Posted by isano > 2017-02-23 18:55 | Report Abuse

Good QR

Posted by Rica7894 > 2017-02-23 19:42 | Report Abuse

<Profit from One-off gain>


Profit/(loss) for the period (Rm38,396,000) after deducted other income (Rm35,389,000)= Rm2,807,000.

If the impact of other income is excluded, profit from operations would be Rm2,807,000.( Earnings per share = Rm0.0195).

Posted by YiStock > 2017-02-23 21:52 | Report Abuse

reported profit = 38,196
+Retrenchment expenses 7,365
-Net foreign exchange gain 3,798
-Gain on disposal of property, plant and equipment 34,528
-Gain on disposal of an associate 936

core = 6,299/ 144743
= 4.35 eps

Posted by riskabsorber > 2017-02-24 08:28 | Report Abuse

Next 6 years need to amortise the intangible assets amounting to RM91mil.

Posted by YiStock > 2017-02-24 09:12 | Report Abuse

riskabsorber, thank you for highlighting this..i will put a note in my excel sheet. You are very sharp. thank you

Posted by riskabsorber > 2017-02-24 09:36 | Report Abuse

YiStock, I believe you are better. Haha, just sometimes different people have different views. However, all focus the same outcome which is to make money out of our investment.

Posted by paperplane2016 > 2017-03-08 19:47 | Report Abuse

walao, tienwah. din noticed!

Posted by isano > 2017-03-28 19:02 | Report Abuse

很少人注意到的股票

Posted by dotasifu > 2017-04-06 00:01 | Report Abuse

engine start soon...

Posted by isano > 2017-04-06 01:11 | Report Abuse

Slow but steady

Posted by dotasifu > 2017-04-06 17:11 | Report Abuse

after long resting, next target 2.50 :)

Posted by riskabsorber > 2017-04-20 17:43 | Report Abuse

Re-emphasize again, I use BAT's result to calculate the revenue for TW.

Posted by riskabsorber > 2017-04-26 13:25 | Report Abuse

Toyo (Viet) – Dofico Print Packaging Co. Ltd (“TVDP”)
The principal activity of TVDP is the provision of printing
services for tobacco packaging and packaging services in
general. The company, commenced on 1 January 2016 as a
50:50 joint venture with Dong Nai Food Industrial Corporation
(“DOFICO”), a major conglomerate in Vietnam with a variety
of businesses including the packaging of tobacco products.
TVDP turnover in 2016 was RM16.3 million with a loss after tax
of RM1.1 million, which was disappointing as a result of the
delay in the transfer of purchase requirements by DOFICO to
TVDP due to changes in design and specification requirements.

Posted by CanCan168 > 2017-05-08 14:34 | Report Abuse

riskabsorber.....do you recommend a buy for tienwah...medium to longterm

Posted by riskabsorber > 2017-05-08 18:50 | Report Abuse

CanCan168, after went through the latest quarterly result. I believe you can find better counters in Bursa. Besides, this year the dividend might drop to 6sen max.

Posted by xiaoxiami > 2017-05-08 22:20 | Report Abuse

rubbish counter
latest quarter really show sign of regressing
where is the joker bluefun hard promote last time on facebook
not up to standard dont come out and teach people how to pick stock la
天华兄和蝙蝠妹 ...... pui !

Posted by bangsar > 2017-06-07 11:00 | Report Abuse

Hi, why suddenly become 2.04 today?

Posted by Kays > 2017-06-07 22:42 | Report Abuse

Due to 0.08 div

Posted by riskabsorber > 2017-06-16 10:04 | Report Abuse

Tienwah's management has made a wrong move. To cease the operation in Australia, they should do it last year when they can offset the losses with the one-off gain. I am quite surprise that the management/finance do not utilize that opportunity of one-off gain.That's the reason last year they also cannot comply with the 50% dividend policy.

Posted by bursa36 > 2017-06-16 14:01 | Report Abuse

Loss 11sen per share for closing down Australia operation, that's a lot!

Posted by bursa36 > 2017-06-16 15:16 | Report Abuse

Anzpac constitutes about 20.6 % of the latest audited Net Assets of the Group as at 31 December 2016

Why auditors didn't ask them to provide enough impairment loss earlier since anzpac is making loss and now cease business in less then 12 months from the auditors report issued? Now my concern is will there be further impairment loss to be recognized in the next quarter since TW profit keep diminishing

Posted by firehawk > 2017-06-17 13:48 | Report Abuse

so terrible ... :-(

Posted by Ngau KY > 2017-06-27 14:42 | Report Abuse

FY2017 eps is 48.93 sen but only distribute 12 sen dividend. Their dividend policy is 50%, can someone tell me what is happening?

Posted by riskabsorber > 2017-07-04 15:20 | Report Abuse

I doubt the total dividend payout this year have 8 sen.

Posted by shlang17 > 2017-07-21 10:46 | Report Abuse

http://www.theedgemarkets.com/article/tien-wah-close-printing-business-malaysia

Posted by bibibubu > 2017-07-21 22:03 | Report Abuse

http://www.mytimes.org/cat/63/node/150116/210

Posted by Junx Leow > 2017-07-21 22:52 | Report Abuse

god bless .....

Posted by riskabsorber > 2017-07-23 08:10 | Report Abuse

To close printing business in Malaysia. Tien Wah Press Holdings is planning to stop its printing business in the country held under its wholly-owned subsidiary, Tien Wah Press (Malaya) SB (TWPM). "Following the cessation of its major customer's operation in Malaysia and its subsequent shifts in production facilities to Singapore, Korea and Indonesia, the group acknowledged that there is no requirement for duplication of printing base in Malaysia. (The Edge)

Which mean the local customers have to source the services from TW's competitors. The management still never learn from their mistake which is too focus on single customer.

Posted by enjoyinglife > 2017-07-23 10:06 | Report Abuse

So this counter no more?

Posted by limch > 2017-07-23 10:11 | Report Abuse

M'sia factory closing down. BAT can source from other country.

Posted by enjoyinglife > Jul 23, 2017 10:06 AM | Report Abuse
So this counter no more?

Posted by Flintstones > 2017-07-24 09:11 | Report Abuse

So blue hor fun still holding this counter?

Posted by riskabsorber > 2017-07-24 11:01 | Report Abuse

Should be stabilized around 1.68-1.74. The next catalyst is quarter result. If showing another round of downsizing on bottom level and no dividend declared. Selling price will be around 1.5+

Posted by Kays > 2017-07-24 13:38 | Report Abuse

An estimated one-off cessation cost of RM12.19 million for the closure. Are they planning to sell the land to cover back the closure cost.