New Toyo

[greengiraffe]

My experience with New Toyo has been on and off since its listing back in 97.

Fortunately, it has been that way else I would have been licking my wounds big time.

I am glad that many buddies have done more work than I am and have been correcting me on some of my points.

In investments, there is nothing to be embarrassed over. More importantly it is better to make money rather than losing money.

On New Toyo, from the days that it was traded above book value till an ugly duckling that is trading below book value - becoming a value stock -it speaks very much of management quality. Then again, never say never - to each its own - as long as you are comfortable with the risks that you are taking - noone can say that you are wrong.

Although u qualified it as your conspiracy theory, can u at least do some background check before putting across your points. It seems so embarrassing that your points got rebutted one after the other by forummers.

As far as New Toyo is concern, I think it will be privatised instead of being taken over.

The return of $ from SAH will lighten the burden at the holding company level that will pave way for a privatisation. The common rationale for privatisation is the lack of need for funding for operations.

There is absolutely no analysts coverage on New Toyo for years and hence I think New Toyo is unlikely to chart down the path of reviving investors' relations except meeting a handful of shareholders annually.

On undervalued assets which are mainly property - they would have divested long time ago should they have deemed it non core. Their very existence is a typical Chinese mentality hence unless there is absolute need, these assets will continue to be held long term. Even the M'sia properties that is deem undervalued - they are primarily ind prop - currently used by Tien Wah. On paper, it makes sense to be redeveloped but in the midst of fulfilling BAT contract and possibly more new customers, it is unlikely that any redevelopment will happen soon.

As for SAH's remaining cash - it will be used as seed $ for some new ventures - very likely linked to the ex-chinese partners (even though they have stepped down from SAH).

All the above can be construed as my conspiracy theory. All the while sin industry players are complicated and hence one has got to be cautious when trying to second guess their business moves.