King Wan

King Wan: An article in last Friday’s Bangkok Post stated that Kaset Thai will be listing on 21-23 Apr. This is the key catalyst that investors have been waiting for and comes as a positive surprise after the recent news that the IPO deadline had been pushed back to Aug ‘14. This means that King Wan will be able to realize part of the value of its Thai holdings and begin paying a special dividend. OSK-DMG raises its final dividend (to be declared in May) forecast to 1.5 cents and maintains expectation for a total dividend of 3 cents in FY15, doubling the yield to 10%. The house maintains BUY with TP $0.43