This is a continuation of King Wan Corporation – Part I & King Wan Corporation – Part II In this final part, I’ll aim to be more prospective. In the 2 previous parts, the view was more retrospective: an analysis of what went wrong and how it developed. There’s no point in crying over split milk though, now I’ve got to figure out what lies ahead. KW is IMO, best analysed with a SOTP (sum of the parts) analysis. There’s not much use in utilizing CF models as everything that has gone wrong with KW thus far, is confined to it’s “investment holdings”. As we have seen in Part II, the core business is still doing well. The key question is: Have we seen the worst in the investment holdings part? Are there any more hidden bombs? Any more writeoffs to come? Core Business Firstly, let me try to figure ......