Highlights
KLSE: CWG (9423)       CHEE WAH CORPORATION BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.505   +0.005 (1.00%)  0.505 - 0.505  49,900
Analyze this stock with MQ Trader system

Dividend, Bonus, Split & Consolidation

Hints :
[1] Click the View Entitlement icon table to view the Entitlement detail page.

Click here to modify the Visible Columns.

Ann. Date Ex Date Payment Date Type Subject Amount View
21-Sep-2017 06-Dec-2017 28-Dec-2017 DIVIDEND First and Final Dividend RM 0.015 Dividend Detail
05-Sep-2017 12-Sep-2017 14-Sep-2017 RIGHTS_ISSUE Rights Issue 1 : 2 Dividend Detail
13-Jun-2017 23-Jun-2017 29-Jun-2017 OTHERS Others 2 : 1 Dividend Detail
27-Oct-2016 28-Dec-2016 09-Jan-2017 DIVIDEND First and Final Dividend RM 0.035 Dividend Detail
29-Oct-2015 30-Nov-2015 29-Dec-2015 DIVIDEND First and Final Dividend RM 0.0200 Dividend Detail
30-Oct-2003 29-Dec-2003 28-Jan-2004 DIVIDEND Final Dividend 2% Dividend Detail
30-Oct-2002 27-Dec-2002 28-Jan-2003 DIVIDEND Final Dividend 1.5% Dividend Detail
15-Jan-2002 05-Feb-2002 22-Feb-2002 DIVIDEND Final Dividend 1.5% Dividend Detail
15-Jan-2002 05-Feb-2002 07-Feb-2002 BONUS_ISSUE Bonus Issue 1 : 1 Dividend Detail
09-Nov-2000 21-Nov-2000 15-Dec-2000 DIVIDEND Final Dividend 3% Dividend Detail
Trade this stock with T+7 trading account. Find out more.

  Be the first to like this.
 
Icon8888 Lai Liao Lai liao
16/03/2017 09:41
ttluck TP?
16/03/2017 10:07
Icon8888 Thx hippo
16/03/2017 11:07
sapurakencana Icon8888,are you sure this stock will shout up to RM2,than i wil hold until that price
29/03/2017 22:13
goody99 Not bad...
10/04/2017 09:53
seawind any news on meeting today?
19/04/2017 17:18
yesyesyes Not news is bad news liao .. hahah
19/04/2017 18:11
vcgh23 Icon8888 sifu.. any comment for this upcoming QR result.... should be quite positive right ??? since the share price start reacting ... up 10 cent so much today...
22/05/2017 17:33
Lee Yih Yeong The CEO which doing a good job is having a good time in my company.
22/05/2017 17:36
zzzpk why this counter nobody discuss about the result?
25/05/2017 09:15
Tom 这公司的新厂正在建设中,看到告示牌好像写着 campap by cheewah
30/05/2017 10:26
zzzpk keep dropping...
30/05/2017 10:30
Tom 市值才那么小而已,而且流通股很小,要炒上容易,要下也很快
30/05/2017 11:01
Heical Ahmad Given notice CWCB Shares Transferred to Acc 29 June but until today not done? Why.
03/07/2017 10:18
Tom 奇怪怎么没人要卖,难道全部人都想买附加股?
13/07/2017 09:23
FAIZUN77 Back in action.
13/07/2017 10:24
Funny Any advise for this stock?
13/07/2017 14:50
sapurakencana wonder why director keep on collect after new share issue.quarterly performance still no good.
22/07/2017 22:59
nikicheong What's the status for the rights issue...? Still on or not?
12/08/2017 00:39
sapurakencana price keep ondroping ,how to issue right.not a good time.management pls improve your quarterly report.pls dont keep on asking money from the minority shareholder.
18/08/2017 16:28
sapurakencana ornapaper already report profit,how about our chee wah? still sleeping
18/08/2017 16:29
nikicheong Keep on? AFAIK they have never done a rights issue. Also quarterly is down heavily due to one-off corporate exercise expenses (maybe again some more for the rights issue, previous one is for name change).

Might be a good long-term play. But I am more interested in buying in at a cheaper price.
28/08/2017 02:02
FAIZUN77 Chee Wah declared rights issue.
29/08/2017 15:48
sapurakencana dont buy right,wait until drop below 50 cent then you wil buy at cheaper price
05/09/2017 20:22
4444 Not Icon8888 share? Why poor QR still 55.5 sen? 20-30 sen only fair ma.
05/09/2017 20:29
nikicheong Good prospects most likely. Management knows something is up. They sapu the shares in the open market slowly and they have given their commitment to the rights issue, even though the rights issue is not necessary since CWG has ample FCF, sufficient working capital and an adequate current ratio. Net gearing at 0.35X.

So ask yourself...why management so syoik to rights issue? They know more than us...they want to increase their stake at the expense of the small holder. They probably foresee that costs are under control.

I might enter to test my theory above, but only at roughly 0.45 cents to give myself some room for error in judgement.
05/09/2017 20:58
sapurakencana agree.wil enter when 45 cent or below.
06/09/2017 13:40
damon oh come on...
12/09/2017 10:25
nikicheong Got some CWG-OR today. Will subscribe to their rights soon.
21/09/2017 18:53
sapurakencana niki,what the good newthat you willing to subscibe CWG right.unless they change their business in future or may be target for take over due to so cheap price.the right issue only for repay long term loan & operation cost
23/09/2017 15:26
nikicheong sapurakencana, I believe the rights issue is unnecessary in the normal course of business. CWG's financial ratios, balance sheet and net debt/net gearing have all improved over the past few years. Profitability is increasing.

As such, to me, the rights issue is a very fishy move. If you read the financial statements, it seems they want to sell Arto to European market in larger quantities. This requires a larger working capital, which they will fund from this rights issue. Arto also promises higher profit margins given its premium product status.

Prior to the rights issue, one of the Director's and the Chairman's daughter have been aggressively buying shares from the market. It's either they are doing it to support the share price to ensure the rights issue takes place, or it is because they want to increase their stake because they know business will be better.

The Executive Director (with merely 14% ownership at present) has pledged to subscribe to 52% of the rights issue...again, this tells me that he knows something good is coming.

As far as I am concerned, my entry price is RM0.505. The book value per share ex-rights issue should be at around RM0.62-RM0.63. This means I buy in at P/BV of around 0.8x, which is an undemanding valuation. From a P/E ratio perspective, once you strip out one off expenses (and without factoring in future interest expense savings), I am buying in at a P/E of 8x...again very reasonable for a company that could very well experience growth of 15-25% in its bottomline annually over the next 3-5 years.

Yes, this requires some amount of extrapolation and confidence in the future of the business, but I believe I have created a sufficient margin of error for myself. CWG's product are of a good to decent quality. We have all used or seen their exercise books. Management is heavily invested in the company. Financials are improving. Valuations are undemanding. I see little downside risk, and substantial upside risk with the chance of this being a multi-bagger over the next 3-5 years.

Alas, time will tell if my investment thesis proves to be right.
24/09/2017 18:22
handsomeboy nnother hucker right issue 0.5 now left 0.495. dont subscribe right , direct buy from market cheaper . stupid counter drop every single day
04/10/2017 16:19
FAIZUN77 hahaha... director acquiring.
04/10/2017 16:49
sapurakencana Dear niki,thanks for your sharing.anyhow this company need some creative product to attract investor,otherwise wil see the share price keep on dropping.hope coming 2nd half report wil give us good news.Hope this counter not a sun set business.
05/10/2017 18:58
nikicheong Rights issue is over-subscribed despite the fact that the rights were trading at merely RM0.005 (indicating little interest from the general public).

My opinion is all the directors oversubscribed heavily and may have had a hand in suppressing the share price around the time of the rights issue. Expect earnings to grow exponentially over the coming 1-3 years.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5566377
06/10/2017 19:52
nikicheong I think it's fair to say that the market will take into account the subscription rate and accordingly the share price may well see a decent rise on Monday.
06/10/2017 20:15
sapurakencana niki: may be management hide something we dont no.but according to the daily transaction (around 150k share trade),it stil not enough to push the price cross 60 cent.unless next week the daily volume will increase to 600K per day before right issue trade on 16 oct.
i have 1 suggestion,can we share another stock : Bkoon ,it quite interesting recently.can we shift to that counter
07/10/2017 10:28
Stevecheahsw New shares and warrant will out on next Monday
14/10/2017 21:16
nikicheong @Steve, no warrants.
15/10/2017 15:05
nikicheong If you analyze the latest shareholdings, you observe the following:

Khor Wan Keong (director) either excess applied for or bought additional rights shares of around ~300,000 units. (allocation = ~635,000 units)

Ooi Chin Soon (director) likely bought additional rights shares, cause otherwise his excess application would be insufficient to get to his current shareholding. He applied successfully for over 9,000,000 excess shares. (allocation = 6,250,000 units)

Khor Say Beng(director)'s son applied excess or bought additional rights shares of ~750,000 units. (allocation = ~287,000)

Khor Say Beng(director)'s daughter applied excess or bought additional rights shares of ~15,000 units. (allocation = ~62,550 units)

Lee Eng Sheng (director) applied excess or bought additional rights shares of ~205,000 units. (allocation = 28,500 units)

Khor Say Beng (director) applied excess or bought additional rights shares of ~4,150,000 units via his private holding company. (allocation = ~1,050,000 units)

Every single director applied for excess shares or purchased additional rights shares far higher than their proportional shareholdings in the company. Unless you were certain about improvement in the company's financial performance, you would not do this.

I for one am glad I did the necessary research and put money where my mouth is. Now to let this go on autopilot and see how much can the company's market cap grow in 3-5 years time. Triple up? Maybe increase five times? Perhaps even ten times? Let's wait and see now...
15/10/2017 16:05
NoEmo Niki, good input. Thanks. Attractive ROI by Feb18, the latest. Expecting consolidation for several months prior to price surge to new high.
15/10/2017 16:42
FAIZUN77 @nikicheong, good input.
17/10/2017 16:28
sapurakencana NoEmo,what u mean by "Attractive ROI by Feb18",where is the sources of this info.
31/10/2017 12:56
Stevecheahsw Coming AGM who going ??
09/11/2017 00:19
sapurakencana this year no new progress,no need to attend
09/11/2017 18:11
nikicheong If in KL I sure go. Penang...no need lah. This one die die will be a multi bagger already. Just buy buy buy!
10/11/2017 19:30
lim1818 seems their factories not spared from recent flood
10/11/2017 21:18
nikicheong Nothing out of the ordinary. No special damage. Minor losses sure got lah, like lower productivity for a few days. Not an issue though.
11/11/2017 14:00
nikicheong Topped up today @0.505. Now CWG on a cost basis makes up 53% of my portfolio.

If Q1 results disappoint I will take the opportunity to top up further in December 2017/January 2018.
14/11/2017 17:41
nikicheong Results should be out on 23/11/17.
14/11/2017 18:08


 

396  350  500  609 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 KAB 0.30+0.05 
 DGB 0.14+0.03 
 PUC 0.2050.00 
 TRIVE 0.080.00 
 HIBISCS 0.775+0.015 
 DGSB 0.0850.00 
 HUBLINE 0.1250.00 
 NETX 0.050.00 
 DGB-WA 0.03+0.005 
 ASIABIO 0.210.00 
Partners & Brokers