{"id":2116,"date":"2017-02-09T07:35:07","date_gmt":"2017-02-08T23:35:07","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=2116"},"modified":"2017-04-12T00:41:34","modified_gmt":"2017-04-11T16:41:34","slug":"international-healthway-corporation-makes-a-comeback-stock-jumps-41","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hant\/international-healthway-corporation-makes-a-comeback-stock-jumps-41\/","title":{"rendered":"International Healthway Corporation makes a Comeback: Stock jumps 41%!"},"content":{"rendered":"

Just after Serrano Holdings shot up<\/a> 1300% in a day, another stellar performer –\u00a0International Healthway Corporation<\/strong> (SGX:5WA) skyrocketed 41% as of 8th Feb 2017.<\/p>\n

What is the story behind this again? I shall highlight the main key points<\/em> below…<\/p>\n

Entire Board\u00a0voted out<\/strong><\/p>\n

Long short short, the previous management team has not been developing the projects and no concrete plan was laid out too. Shareholders are fuming over the 85% drop in share price since its listing back in 2013.<\/p>\n

As a result, the entire board was kicked out at an EGM. You can read more here<\/a>.<\/p>\n

Fresh Injection of Funds from New Management<\/strong><\/p>\n

The main reason behind\u00a0IHC’s\u00a0share price hike is probably because of its press release\/Sponsor statement<\/a>.<\/p>\n

In the statement,\u00a0Mr Ching Chiat Kwong and Mr Low See Ching, CEO and Deputy CEO of Oxley Holdings (SGX:5UX), agreed to lend money to IHC in the form of convertible loans. See below for a clearer picture..<\/p>\n

<\/a><\/p>\n

It further details the various claims of the previous lenders like BNP Paribas Malaysia Berhad , Public Bank Berhad, Langdon & Seah Sdn Bhd etc.<\/p>\n

While all these don’t come for free (the convertible loans can be converted into\u00a0901,343,821 Conversion Shares which\u00a0 represents a 54.33% of the Existing Share Capital), the new capital is able to give the company a fresh start by clearing its debts and having the funds to probably work on developing its under-utilized assets.<\/p>\n

Huge Institutional Support and Experience<\/strong><\/p>\n

Oxley Holdings (SGX:5UX) and OUE Limited (SGX:LJ3) has emerged as the strong backers for IHC. The former, helmed by CEO Mr Ching & Deputy CEO Mr Low owns about 19% and 7% (collectively 26%) of the company respectively while the latter is controlled by Indonesia’s Riady family, had shored\u00a0up<\/a> its stake in IHC to 21.83%.<\/p>\n

Given that both such companies are property-related counters and been in the market for quite a few years, they possess the technical expertise\u00a0in developing IHC’s huge pipeline of assets.<\/p>\n

Verdict<\/a><\/strong><\/p>\n

Last but not least, any investor interested in IHC should read this power-point presentation<\/a>\u00a0by Quarz Capital Management. It provides tons of insights into IHC’s assets \u00a0across Asia Pacific (see image on right) and why IHC is currently undervalued.<\/p>\n

It even goes into the strategic proposals on how to unlock the value through things like listing the japan nursing homes as a REIT, developing the China and Malaysia sites etc. And Yes… Removal of the previous board of directors!\u00a0<\/em><\/p>\n

To sum up, IHC has the solid backing of OUE and Oxley, a new but experienced management team and a range of healthcare assets valued at north of S$0.11 per share. While it looks promising as a potential turnaround stock, one should still do his own homework first.<\/p>\n

We\u2019ve released our 3 HOT growth stock picks which could skyrocket >100% by the end of 2017. History has shown that getting in early on a good idea can often pay big bucks \u2013 so don’t miss out on this moment.<\/p>\n

Simply click [thrive_2step id=’2090′]here<\/u><\/em><\/strong>[\/thrive_2step] to receive your copy of our brand-new FREE<\/strong> report, \u201c3 stocks poised for explosive growth\u201d<\/em><\/strong>.<\/p>\n

Do Like us on Facebook<\/strong><\/a> too as we share the latest investing articles and stock ideas for you!<\/p>\n","protected":false},"excerpt":{"rendered":"

Just after Serrano Holdings shot up 1300% in a day, another stellar performer –\u00a0International Healthway Corporation (SGX:5WA) skyrocketed 41% as of 8th Feb 2017. What is the story behind this again? I shall highlight the main key points below… Entire Board\u00a0voted out Long short short, the previous management team has not been developing the projects […]<\/p>\n","protected":false},"author":1,"featured_media":2121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[58,1,57],"tags":[88,89,90,91,92,93],"class_list":["post-2116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-singapore-stocks","category-blog","category-stocks","tag-ihc","tag-oxley","tag-oue","tag-quarz","tag-international-healthway-corporation","tag-5wa"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/2116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=2116"}],"version-history":[{"count":0,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/2116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/media\/2121"}],"wp:attachment":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=2116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=2116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=2116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}