Posted by riskabsorber > 2016-05-16 11:19 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/05/16/tien-wah-to-diversify/

Posted by riskabsorber > 2016-05-16 11:33 | Report Abuse

Apparently, Tien Wah's issue was the re-negotiation of extension with BAT. Current good performance of Tien Wah is driven by high profit margin on Printing on Tobacco Product. If they cannot get the extension agreement with BAT. 80% of their revenue will be slashed.

Posted by shazali6609 > 2016-05-16 23:53 | Report Abuse

GOOD NEWS
Printing firm Tien Wah Press Holdings Bhd is proposing to jointly partake in a mixed-use commercial development in Petaling Jaya, Selangor, with Singapore-listed Lum Chang Holdings Ltd.

In a filing with Bursa Malaysia today, Tien Wah said its subsidiary Tien Wah Properties Sdn Bhd (TWPSB) has entered into a shareholders' agreement with Lum Chang's unit Kemensah Holdings Pte Ltd to form and operate a 50:50 joint venture company called Sterling Model Sdn Bhd for the proposed development.

On the same date, TWPSB has also entered into a sale and purchase agreement with Sterling Model to sell the land measuring 13,040 sq m for RM63.75 million.

The land was acquired by TWPSB in 2005. The total net book value of the land as at Dec 31 is RM26.5 million. The expected gain in the consolidated financial statements of Tien Wah is approximately RM29.5 million.

Tien Wah said proceeds from the proposed land sale are intended to be used for the proposed development.

Posted by shazali6609 > 2016-05-16 23:54 | Report Abuse

sell lands and used for development..another investment and cost is 0..hehehe...

Posted by supermix2 > 2016-05-23 17:35 | Report Abuse

Good show today, volume amounts to more than 1 million shares sold. There's more to come in the pricing I presume.

Posted by iamsoonoob > 2016-05-23 20:47 | Report Abuse

do i entitle to subscribe the right issue if i bought the share today?i am kinda new in this right issue thing

Posted by shazali6609 > 2016-05-23 21:12 | Report Abuse

yea, entitled

Posted by ehtan18 > 2016-05-24 08:16 | Report Abuse

May I know what entitlement?

Posted by Joblessrich > 2016-05-26 17:48 | Report Abuse

Why is this LTAT keep on disposing the TWP shares ? must have sold a few Million shares for the last 2 months ?

Posted by fresitoslocos > 2016-06-01 15:45 | Report Abuse

what happened?

Posted by Edwardong53 > 2016-06-01 22:33 | Report Abuse

Agreed with Joblessrich - does any one please divulge why LTAT had been disposing a very big junk of their shares in the market when above reports have been so convincing of the prospect of TWB

Posted by supermix2 > 2016-06-01 23:07 | Report Abuse

maybe LTAT need money as maybe it's money is used up in 1MDB??

Posted by riskabsorber > 2016-06-02 17:00 | Report Abuse

Based on wild guess, few reasons that why LTAT disposed the shares.
1) LTAT need to pay dividend to their fund holders
2) LTAT want to restructure the portfolios
3) LTAT want to use the proceed from disposal to take up the rights.

However, whatever the reasons behind, LTAT must be notified/informed before the bad news (BAT planned to move to Indonesia, Right issues). Otherwise, even 14 sen dividend declared also keep disposing.

Posted by Joblessrich > 2016-06-02 20:35 | Report Abuse

Could it because cigarette related stocks will be non-syariah compliant ? So they dispose?

Posted by riskabsorber > 2016-06-03 15:56 | Report Abuse

From 26/05/16, LTAT will not disclose about the disposal. Based on the latest disclosure, LTAT should have only 4.8mil shares. I believe next month onward will be able to dispose everything. If in July/August announce good result. Then it will move upward again.

Posted by Joblessrich > 2016-06-03 16:36 | Report Abuse

Hope so.

Posted by Jeffbkt > 2016-06-03 18:11 | Report Abuse

LTAT is in dire to raise fund to subscribe the Boustead right issue.No more money to invest in others non core biz

Posted by bluefun > 2016-06-05 20:22 | Report Abuse

Hoping this LTAT quick quick dispose all of its share, then Tienwah just got chance to climb up again

Good dividend yield, good future prospect(development in PJ with Singapore Co. JV), good management, long term sure huat, kikiki

Posted by NavinShah > 2016-06-06 10:51 | Report Abuse

LTAT selling but who is the buyer? Is it the Japanese investors.. Then the price will go up.

Posted by bluefun > 2016-06-06 12:55 | Report Abuse

Dividend 14cents ex tmr, dividend yield 7%, thank you Tienwah my extra bonus by this end of month

Kikiki :)

Posted by riskabsorber > 2016-06-06 13:11 | Report Abuse

LTAT is disposing through open market. The buyers are those genuine long term investors like us. However, dividend will ex tomorrow and this may be no more support to hold at RM2.30, if the support is lost, then will need to wait until the date for the right issues which likely will be end of this month.

Posted by supermix2 > 2016-06-07 09:22 | Report Abuse

This useless LTAT keeps selling non-stop until now they have about 4 million from the original of nearly 14 million shares they possess earlier....damn this idiotic LTAT, pokai

Posted by supermix2 > 2016-06-07 09:34 | Report Abuse

early in the morning traders buy at 5 cents higher but I presume this idiot LTAT keeps selling down until it reaches $2.19 ....why can't this LTAT be that stupid and not wanting to earn a bit more by selling when the prices goes higher....should I say or call them real idiots???

Posted by riskabsorber > 2016-06-07 10:09 | Report Abuse

LTAT bought TIENWAH long time ago, the cost of investment for them is low. When they want to dispose off their stake, they still making profit. Besides, due to 3 uncertainties (date of right issues, BAT renewal contract, future prospect in Vietnam) that keep troubling TienWah's investors and potential investors. When LTAT keep disposing their shares is consider good sign for us to collect. Ensure that, in future won't have this kind of significant institutional investors who keep selling like no tomorrow.

Posted by supermix2 > 2016-06-07 23:36 | Report Abuse

why can this idiotic LTAT dispose all of it's shares in Tienwah quickly and be done with instead of everyday disposing it off bit by bit at a few cents cheaper each time. After all LTAT had sold of more than 10 million shares and disposing off the remaining 4 million shares quickly wouldn't be much of a problem instead of everyday purposely killing Tienwah by selling a small amount of share at a few cents cheaper each day even when the price goes up...dam the idiotic ba....d.

Posted by riskabsorber > 2016-06-08 10:50 | Report Abuse

The management might be foresee that LTAT kept disposing the shares. Hence, they delayed to announce the date of the right issue. The management would need to have strong justification/supporting to call for the right issue. If based on the current situation, very unlikely to have investors to subscribe the right issue even at RM1.00. TienWah has already take up the additional 5mil rights which indirectly tells the potential investors that they are at the high chance to get the renewal contract from BAT and Vietnam's JV will contribute positively.

Posted by Bino Caka > 2016-06-08 10:58 | Report Abuse

dotn worry la..who's the take up LTAT 10million share? even though they disposed so much in last 2-3 month, price still consider quite stable, slow slow only..meant some big leg is eating all the LTAT share..

Posted by riskabsorber > 2016-06-08 11:33 | Report Abuse

LTAT's 10mil shares were taken up by us lo. Since last 3 months, they are disposing and the price has been adjusted from the highest RM3.26 to now RM2.30(before ex). Each trading day, LTAT contribute 90% of the volume. If based on the trend of disposal, they should be finish selling at the end of the month or latest early next month before Raya.

Hi Yistock, can you enlighten us the substance over form that you mentioned in your article? I still cannot get the logic that disposal of 50% stake to Vietnam's Gov will have impacted inter-segment. For example, Co A has making profit for 10 years and now want to dispose 50% of the profit to Co B. Why need to have such losses ? Should it be compensated by the proceed from disposal ?

Posted by supermix2 > 2016-06-10 10:35 | Report Abuse

I think the price had stabilize by the look of it's transaction. Market down but Tienwah stays steady....perhaps time to pick up more today.

Posted by riskabsorber > 2016-06-10 11:25 | Report Abuse

Still got time, since LTAT still have 4mil shares to dispose. This week not really active, don't think they disposed much.

Posted by supermix2 > 2016-06-10 15:20 | Report Abuse

I don't think LTAT wants to sell the remaining 4 million shares they now hold. They have sold about 70% of their total holdings and may want to keep some for investment......just a wild guess only.

Posted by supermix2 > 2016-06-10 15:29 | Report Abuse

Don't tell me that LTAT is so pokai that they want to sell everything, hahaha

Posted by angloong > 2016-06-15 19:57 | Report Abuse

can anyone explain detail for what is right issue

Posted by Joblessrich > 2016-06-15 21:05 | Report Abuse

Can our sifu do a calculation. Based on today's share price and RM1.00 per right. What will be the value of rights share and mother share ?

Posted by supermix2 > 2016-06-16 02:26 | Report Abuse

haha, now let just see if there are any good action after this announcement.

Posted by riskabsorber > 2016-06-16 09:44 | Report Abuse

Simple calculation if ex price is RM2.05, every 2 shares will be entitled 1 right issue at RM1.00 = RM2.05 X 2 + RM1 = RM5.10 / 3 = RM1.70

Posted by Joblessrich > 2016-06-16 11:09 | Report Abuse

Thank you very much

Posted by Achilles83 > 2016-06-16 19:19 | Report Abuse

does every shareholder needs to purchase the right issues?

Posted by charlie chia > 2016-06-16 21:30 | Report Abuse

If any shareholder don't pick up the right
They can sell off their Right Entitlement

Posted by iamsoonoob > 2016-06-16 22:14 | Report Abuse

do you guys think is it wise to top up now for more rights entitlement?or buy after right issue is better?since i does not like my share being diluted because of rights.......

Posted by blackspy > 2016-06-17 00:22 | Report Abuse

either way is the same.

Posted by Achilles83 > 2016-06-17 11:28 | Report Abuse

how to pick up the right?

Posted by Angielim9955 > 2016-06-19 03:13 | Report Abuse

why tw need RI, this RI also will make TW share price down one lol, because 1.00 too cheap lala, people waiting after RI to pick bottom fish now ?

Posted by kakashit > 2016-06-19 19:12 | Report Abuse

不懂为什么酱好料的公司都没有人要。

越南是目前最有前途的新兴市场，你看那么多公司在那儿开厂赚到钱就知道啦。给你机会认购附加股分享越南的经济蛋糕都不要。

PJ那块地拿来发展产业是最适合不过的啦，难道还要拿来从事低价值的劳工密集工业？

PJ可以说是全马华人最密集的地区，你看郭素沁是全马最多投票者支持的国会议员，她的票数是数以万计的，连纳吉都输她一条河。

你看ss2每天从早到晚都塞车塞到不行，违例泊车抄牌都抄到手软。

有华人的地方当然是要起楼起office啦。

不然要像某一间白痴的公司在Kota Kemuning还在种油棕？

一切都合乎做生意的逻辑，只有股票市场是不理性的。

Posted by Up_down > 2016-06-19 20:07 | Report Abuse

Investors don't really like right issues given the current weak market sentiments. People are welcome corporate activities such as share split, bonus issues, free warrant and bumper dividends. LTAT was running for life, not to mention retail investors.

Posted by iamsoonoob > 2016-06-19 21:36 | Report Abuse

the biggest risk is the BAT biz.let say if tien wah cannot extend its contract with BAT,then we shall see huge impact on its revenue.

Posted by bluefun > 2016-06-19 22:48 | Report Abuse

JV v Vietnam Co. DOFICO is a great decision made by Tien Wah management. FDI to Vietnam is increasing, DOFICO is the largest tabacco co. in Vietnam

Future outlook remain positive :)

Posted by riskabsorber > 2016-06-20 09:54 | Report Abuse

Bluefun, Vietnam's revenue in 2015 was just peanuts compared to other countries. Assume that the Vietnam's JV generate 10/20 folds revenue, it is only 80mil maximum.

Posted by iamsoonoob > 2016-06-20 12:22 | Report Abuse

which mean no BAT biz,can go to holland?

Posted by chonghai > 2016-06-20 22:56 | Report Abuse

BAT biz is a major risk.