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CK Choy.

Market Sense 市场意识: Recent Stock Actions: Teckwah Industrial
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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Monday, 20 August 2012

Recent Stock Actions: Teckwah Industrial


Took up a small stake in Teckwah Industrial based on recommendation from a friend. Teckwah is a relatively low profile company with core business in print and logistics. The business fundamentals are fair and it's currently attractively priced. Teckwah is in the news recently for the print media hub at Paya Lebar. The print business of the company is fairly constant. The non-print or logistics segment is growing and gradually taking up a larger segment of the overall business. Some key points regarding the purchase is detailed below.

Positives
  • Strong balance sheet with low gearing of 2.78% and healthy cash position of $41.7 mil
  • Dividend yield of approximately 4.8%
  • Management is forward looking and investing in infrastructure to enhance its capabilities (eg. print media hub and investments in Iskandar Malaysia)
Negatives 
  • Print media business is price sensitive with increasing operating costs eroding the profits
  • Would want to see greater clarity on how management intends to grow the non-print business
Posted by ckchoy77 at 10:28
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