King Wan stock has been attracting quite some attention ever since its sales of its assets to Kasei Thai Industry Sugar (KTIS). Some analysts have come out to give a “Buy” recommendation on King Wan stock, saying something to the effect that the sales will translate into more dividends for King Wan’s shareholders. I am not familiar with King Wan stock hence I know that I must study the business of King Wan more thoroughly in order to see whether or not I should buy the stock. In my opinion, I think an investor should understand more businesses so that he has more choices when it comes to putting his monies in for investments. So the following write-ups are what I have gleaned after reading King Wan’s annual report. King Wan’s principal businesses are in Mechanical and Electrical (M&E) services for construction projects: be they air-conditioning, buildings, renovations, etc. Besides ......