Posted by Angielim9955 > 2016-09-25 17:09 | Report Abuse

kakashit
hi , angie here
kakakashit can ask you still monitor CHEMICAL COMPANY OF MALAYSIA
do you think can keep CHEMICAL COMPANY OF MALAYSIA ?

Posted by kakashit > 2016-09-27 00:42 | Report Abuse

Hi, Angie, thx for ur question.

Sometimes I juz pass by some big losses counters out of curious.

CCM is concentrating on their profitable chemical biz while disposing money losing fertilizer division, which is a rational move.

This company has good cash liquidity with healthy cffo.

U can hv better options beside this counter, but if u're still in the red, than stick with it as u still can enjoy a d/y of 5.5% at the current sp of 90cents.

Usually I dont encourage ppl to cut loss, this counter still hv hope, u hv to wait for the bottom line to normalize after the 4q16 as stated in the report:

"However, the exiting from Fertilisers business will have a negative impact to the
current year’s financial performance with the expected loss on disposal of the two Fertilisers subsidiaries amounting to approximately RM52.3million to be recognised on completion date, in fourth quarter 2016. "

Wish I answered ur question, good luck

Posted by bluefun > 2016-09-27 21:19 | Report Abuse

4cents of dividend in pocket, thanks tienwah, accumulate dividend=18cents

Patience to win big, kikiki :)

Posted by riskabsorber > 2016-09-28 10:25 | Report Abuse

Good article about TW - http://mymalaysiainvesment.blogspot.my/2016/09/i-always-knew-i-was-going-to-be-rich.html

Posted by riskabsorber > 2016-10-05 12:24 | Report Abuse

TW has requested suspension. Finally...

Posted by Ah Gan > 2016-10-05 12:34 | Report Abuse

hope it is not a bad news~

Posted by riskabsorber > 2016-10-05 14:39 | Report Abuse

The Board of Directors of TWPH wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the Company’s request for a suspension of trading of its securities on Bursa Securities until 5.00 p.m. on Wednesday, 5 October 2016 pending the release of a material announcement.
The request for suspension was made pursuant to Paragraph 3.1(c) of Practice Note 2 of the Main Market Listing Requirements of Bursa Securities. Below is the
3.1(c)any other reason which, in the opinion of the Exchange, justifies a suspension.

Posted by firehawk > 2016-10-05 15:59 | Report Abuse

what is going to be announced?

Posted by Patrick13 > 2016-10-05 16:50 | Report Abuse

So, tonight will reveal the material announcement?

Posted by red_85 > 2016-10-05 17:16 | Report Abuse

good news?

Posted by Sebastian Sted Power > 2016-10-05 17:38 | Report Abuse

awarded contract from BAT indonesia; but no mention how much

6 years contract

Posted by riskabsorber > 2016-10-05 17:46 | Report Abuse

Bentoel Group is lose making company.

Posted by Joblessrich > 2016-10-05 17:46 | Report Abuse

If this is it.. That is good news that we are all waiting for. This is the last risk of this counter. It is finally settled. The stock will fly like a rocket tomorrow

Posted by riskabsorber > 2016-10-05 17:50 | Report Abuse

The Board of Directors is pleased to announce that on 4 October 2016, TWPH has been awarded the tender by PT Bentoel Internasional Investama Tbk (“Bentoel Group”), a member of British American Tobacco Group (“BAT Group”) in Indonesia, whereby TWPH or through its subsidiaries shall be entitled to acquire the entire issued and paid-up shares of PT. Bintang Pesona Jagat (“BPJ”), one of the subsidiaries in Bentoel Group which undertakes Bentoel Group Printing Business in Indonesia. It comes together with an award of a 6-years’ Manufacturing and Supply of Packaging Materials Agreement where Bentoel Group shall appoint TWPH Group as the supplier of the printing supplies.



The above shall be conditional upon and expressly limited to the acceptance of the terms, conditions, and procedures determined by Bentoel Group and the prevailing laws and regulation of Indonesia, which will be agreed upon in formal contracts to be signed by the parties soon.



None of the directors and/or major shareholders of TWPH and/or persons connected to such director and/or major shareholders have any interest, direct or indirect in the abovementioned.



This announcement is dated 5 October 2016.

Posted by chonghai > 2016-10-05 18:15 | Report Abuse

It seems to me that BAT forced TIENWAH to buy their subsidiaries in exchange for the printing contract.
This may not be such a good deal, but definitely help to remove uncertainties.

Posted by riskabsorber > 2016-10-05 19:10 | Report Abuse

Normally those announcement if is favorable to the company, They will put a statement like "The said contract is expected to contribute positively to the Group's future earnings". However, I do not see any wording from the announcement. Good or bad news that's will depend on the "future". Uncertainties will still remain intact.

Posted by Sebastian Sted Power > 2016-10-05 20:08 | Report Abuse

RM96mil good or bad?

Posted by dompeilee > 2016-10-05 21:26 | Report Abuse

Tomorrow's price action will inform us what the shareholders think of the deal.

My cost after the rights is just under 1.60 & I bought mainly for dividends so I think it makes no difference to me. Still a long way down from the decade peak of 3.26(2.717 adjusted for rights)

Posted by riskabsorber > 2016-10-05 21:36 | Report Abuse

Initially, TW no need to bear the business risks by BAT. Now, after acquire this company which indicates that moving forward any downsizing of BAT will also affect TW.

Posted by bluefun > 2016-10-05 22:11 | Report Abuse

Tienwah(7374) - 旧爱(天华兄)还是最美，感情(BAT妹)怎么能说放就放

http://klse.i3investor.com/blogs/bluefun/105814.jsp

Posted by dompeilee > 2016-10-06 08:54 | Report Abuse

Projected to open @ 1.90...so market players vote 'Yea' :D

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

Will it be jeopardized the profit for TW since is loss making company ? Will the dividend policy be continued ?

Posted by WeaponX > 2016-10-06 11:46 | Report Abuse

If u r abit smarter, u wud hav known that TW's management is smart enough to know that they will not simply pay 100 mil purely to acquire a loss-making company. This is not bout acquiring assets but real intention is to secure supply relationship with BAT Indo & to penetrate the huge Indonesian ciggarette industry which is at least 5 times the size here. Hence, a very positive move!

Posted by warrantKing > 2016-10-06 12:11 | Report Abuse

Mr weapon , i agree with you.
The management own more than 50% of the share , definately their will not put their own asset into risk.
Moreover , this shown the positive , well prepared management who conducted the right issue at first , and expand the business NOW !!!

Posted by riskabsorber > 2016-10-06 14:07 | Report Abuse

Mr Weapon, maybe you are overly smart. TW pay RM100mil to secure a contract and a loss making company. Honestly, even if BAT requested RM200mil, TW also have to buy due to BAT has huge bargaining power over TW. Just imagine that TW said no, we don't want to acquire your business. BAT will say, alright..is up to you. We also do not want to renew the contract. The cigarette industry is 5x our size here but do you think they population there all having the same lifestyle like us ? However, no point argue since this is not a platform to judge.

Posted by John Chia > 2016-10-06 15:08 | Report Abuse

I'm kinda agree with riskabsorber here, this case remind me of SKP resources, which 80% of revenue are generated from single customer. very high concentration risk on both SKP and Tienwah, and yet high bargaining power from BAT and Dyson.... what happens after 6 years? nobody knows.... but at least we know that we can trade this stock for another 4 or 5 years? XD

Posted by riskabsorber > 2016-10-06 15:27 | Report Abuse

Because we do not know what is the current situation of the company. Would it be huge old assets that required to write off ? I just cross check with last 3 yrs dividend payout. Total dividend paid since 2014 was RM0.35, dividend policy 50% means EPS was RM0.70 or RM70mil. The payback period will be longer or possible more than 6 years if this RM100mil is spent to acquire BAT's group of company.

Posted by tianjin > 2016-10-06 15:42 | Report Abuse

Too imaginative , too whiny and too agitating ! The investment decision is always yours , if you have confident in TW , hold or add more , if you don't then just sell , easy decision ! Have a good day and Cheers !

Posted by dompeilee > 2016-10-06 16:52 | Report Abuse

I've attended the most recent two Tienwah AGMs(2015,2016) and I have faith in this company...I'm not selling short term for just a measly $250 profit per lot!

Posted by VitaminM > 2016-10-06 21:25 | Report Abuse

I think TW is well managed and riding along with BAT. Not easy to change a business. Do what best and cost control. My cost is around RM1.80 after right issue. As long it pay decent dividend yield, i am holding on.

Posted by bluefun > 2016-10-06 21:33 | Report Abuse

sometimes if you hv faith in a stock, u will be big win, future prospect of tienwah remain positive growth, just patience hold and waiting

Price is what u pay,
Patience is what you get

:)

Posted by blackspy > 2016-10-06 23:56 | Report Abuse

Tienwah quarterly earning is around RM6 million, which equal to RM24 million per year.
With 80% revenue from BAT. Then you will get RM24million x 80% = RM19.2 million.

Will you pay BAT RM96 million to just secure a RM19.2 million job? Definately NO! So Tienwah is expected to get profit from this new investment. Management is not stupid to throw money into sea.

With this new investment to tie up with BAT, it is highly Tienwah already secure the renewal of 3 years contract. This might be part of condition for the renewal.

What you will expect the return from an investment? 10%? 15% 20% yearly?

By assume 10% return yearly will give you profit RM9.6 million from this new investment. Which is 40% more than current earning (RM9.6 million/RM 24 million).

So what will you expect on Tienwah price now?
New investment - 40% up
Middle East investment - 50% up?
New property investment - 10% up?
Share price less than PE 5 - another 100% up?

NOTE: current dividend yield is already almost 7.5%

Posted by John Chia > 2016-10-07 04:23 | Report Abuse

Mr. Bluefun, & Mr. TianJin, i'm not criticizing TW or what, i'm just merely sharing my thought, so that i can learn different perspective from different masters such as yourself ....and unfortunately i didnt manage to get in while the stock is still at low price, so i'm not able to sit tight and ride on the flow like Mr. Bluefun did....

Posted by smoker > 2016-10-07 07:43 | Report Abuse

Cigarette cartons are essential to BAT. Has BAT been unfair to Tien Wah before/
After purchasing Anzpac in 2008, Tien Wah profit has gone up and we have receiving good dividend.
Tien Wah's two printing factories in Vietnam offer cost advantage.
Tien Wah has also provided good services to BAT, implementing short run printing and lowering defect rates.
It will be useful to read up annual reports of recent years.

Posted by smoker > 2016-10-07 09:50 | Report Abuse

The following tables tell the whole story.

1,000 Tien Wah shares bought in 2009 for RM 1.50 have become 2,100 shares after two rights issues:

2010 2 for 5 at RM 1.15 cost RM 0.46
2016 1 for 2 at RM 1.00 cost RM 0.70

Total cost for 2,100 Tien Wah shares RM 2.66
Value of shares now RM 3.99.

Dividend rate (sen)
2009 15.04
2010 11.10
2011 12.75
2012 12.78
2013 12.78
2014 7.00
2015 18.00
2016 4.00
(interim)

Total dividends received since 2009 is RM 1.28.

Posted by kakashit > 2016-10-07 10:07 | Report Abuse

Bluefun, its ur take to advice ppl to sell or hold or buy more right now.

My take is Tienwah, such a Taiko of cigaratte pakaging servicing the Taiko of cigaratte BAT, should not sell below nta of rm2.50, it will fly above nta within 1 yr.

Posted by red_85 > 2016-10-07 10:29 | Report Abuse

switch most of my fund to this uptrend stock.

Posted by warrantKing > 2016-10-07 11:05 | Report Abuse

ohhh my god , Bull in packaging !!!

Posted by Jeff Lee > 2016-10-07 11:06 | Report Abuse

king of all!

Posted by YiStock > 2016-10-07 11:14 | Report Abuse

RM 1 subcribed rights share is now worth RM 2. 1:1 ....patiently waiting 1:3

Posted by bluefun > 2016-10-07 13:08 | Report Abuse

Thanks to yistock article, from his sharing And analysis I just realize that Tienwah is another hidden gem.

Then I start to analyze from the report and news.

My strategy is buy good FA stock, with steady dividend, less debt, more cash, good FCF, positive growth in future

Defenitely I will hold for future. Patience to big win, Kikiki

RM1 subscribe right issue for RM3 net gain - Yistock bro

Hehehe :)

Posted by uncle > 2016-10-07 13:10 | Report Abuse

optimisme phase ......hold hand sing along

Posted by dompeilee > 2016-10-07 14:28 | Report Abuse

Hooray...Hooray...Hooray...I sold my BAT held on to my Tienwah. The RIGHT thing to do! :D

Posted by graceling > 2016-10-07 22:47 | Report Abuse

hi tienwah tp how much?

Posted by feiloh > 2016-10-08 09:37 | Report Abuse

Buy only below 2

Posted by smoker > 2016-10-08 16:55 | Report Abuse

Any idea what will be built on the land at Jalan Semangat?

Anzpac factory sits on a 3.3 hectare land. Will it be redeveloped?

Can those who attended AGM enlighten?

Posted by dompeilee > 2016-10-10 10:02 | Report Abuse

Up & up...Happyyyyy :D

Posted by datasonic > 2016-10-10 10:42 | Report Abuse

still can buy?

Posted by red_85 > 2016-10-10 11:01 | Report Abuse

2.5 at least la..

Posted by smoker > 2016-10-10 12:57 | Report Abuse

Net asset per share as at 30 June 16 (before rights issue) was RM 2.85.
It became RM 2.23 after rights issue.
Tien Wah will recognise the RM 37..25 gain (63.75 - 26.5) from the sale of factory land in Petaling Jaya. The gain amounts to RM 0.25 per share.
Revised Ndet asset per share is therefore RM 2.48.