Investors got to take note of 2 issues.....
One is the Thai baht. With the current political turmoil and rice issue, most likely thai baht might depreciate further......so when it is translate back into Sing Dollar, the amount might be a big difference. The second concern is their stake in The Skywoods. The project was launched in early Sept 2013.
Update: The Skywoods Jan 2014
Cumulative Units Sold to-date: 62
Median Price ($psf) in the Month: 1308
Units sold in the month: 3
Cumulative Units Launched but Unsold: 358
Total Number of Units: 420
(I used the yahoo currency converter to convert the THB 1.224b into S$ and I got $47.4m instead of $50.2m stated in the 3Q2014 result)
(Exchange rate - 0.0387 19 Feb 2014)
3Q2014 result
http://infopub.sgx.com/FileOpen/KWC3QRe ... eID=274337
UPDATE ON THE PROPOSED LISTING OF KASET THAI INTERNATIONAL SUGAR CORPORATION PUBLIC COMPANY LIMITED (formerly known as KASET THAI INDUSTRY SUGAR COMPANY LIMITED) ("KTIS") AND SIGNING OF THIRD SUPPLEMENTAL DEED TO EXTEND THE SALE AND PURCHASE AGREEMENTS ("SPAs") FOR THE DISPOSAL OF SHARES IN ENVIRONMENT PULP AND PAPER COMPANY LIMITED AND EKARAT PATTANA COMPANY LIMITED (THE "PROPOSED DISPOSAL")
http://infopub.sgx.com/FileOpen/KWCProp ... eID=274881