Posted by thesteward > Jan 19, 2020 11:49 AM | Report Abuse

Yes EngCcc I am hoping it w drop abit to add maybe ard 1.37

Posted by thesteward > Jan 19, 2020 11:50 AM | Report Abuse

I mean 1.35

Posted by EngCCCC > Jan 19, 2020 4:34 PM | Report Abuse

@ thesteward noted

Posted by Mizi1 > Jan 21, 2020 3:43 PM | Report Abuse

Maybe can reach 1.36-1.37 after CNY.

Posted by EngCCCC > Jan 23, 2020 11:30 AM | Report Abuse

@ Mizi1 reach 1.36 b4 CNY

Posted by Mizi1 > Jan 24, 2020 6:08 AM | Report Abuse

@EngCCC CNY early angpow! :P

Posted by Mizi1 > Feb 27, 2020 9:27 PM | Report Abuse

Sad results. Continue to collect. Heading to 1.2.

Posted by Beginner123 > Feb 28, 2020 9:43 AM | Report Abuse

Very sad result...
Worried the price drop below 1.00...

Posted by wahd > Feb 28, 2020 3:31 PM | Report Abuse

Drop so much

Posted by Surewind > Mar 1, 2020 11:10 PM | Report Abuse

Although expected the results would not be good but never expect that the share buyback is only 10k lots. Why, does management expecting share price to drop even more??

Posted by Mizi1 > Mar 6, 2020 7:52 AM | Report Abuse

Worry what will happen in coming Q...

Posted by James Ng > Apr 13, 2020 8:57 AM | Report Abuse

https://klse.i3investor.com/blogs/general/2020-04-13-story-h1505930114.jsp
[转贴] [CHIN WELL HOLDINGS BHD：持续的贸易紧张局势和全球市场的不确定性导致当前财政期间的营业额下降，订单也推迟到未来；由于市场竞争激烈，这集团不得不降低其产品的售价] - James的股票投资James Share Investing

Posted by wahd > Jun 3, 2020 6:05 PM | Report Abuse

When the Q3 result out ?

Posted by Mizi1 > Jun 3, 2020 9:12 PM | Report Abuse

Suppose last week but I think this Friday lo...

Posted by Mizi1 > Jun 5, 2020 10:12 PM | Report Abuse

apologize for my wrong guessing.... XP

Posted by Mizi1 > Jun 27, 2020 6:15 PM | Report Abuse

Disappointing results

Posted by wahd > Jul 2, 2020 10:45 AM | Report Abuse

For me its acceptable for current situation

Posted by funitec > Jul 30, 2020 2:41 PM | Report Abuse

Management buy 1.00,1.01. I expect 1.15 coming.

Posted by joey > Aug 9, 2020 11:22 PM | Report Abuse

any updates

Posted by beeyeng > Aug 13, 2020 12:07 PM | Report Abuse

good timing to invest now ? can hold long term just to earn their dividend?

Posted by Mizi1 > Aug 18, 2020 3:28 PM | Report Abuse

this is super long time hold.... :)

Posted by Mizi1 > Aug 26, 2020 10:15 PM | Report Abuse

fui yo!! PE over take TG!

Posted by Flyinghorse > Oct 23, 2020 12:59 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098808

Share buy back. Total 10%. Lets wait for the approval next month.

Posted by Flyinghorse > Oct 24, 2020 9:09 AM | Report Abuse

Just buy and keep for long term

Posted by mf > Oct 26, 2020 11:26 PM | Report Abuse

Dow drops 700 points, on pace for its worst day since early September

Posted by hkimbrs > Nov 20, 2020 10:12 PM | Report Abuse

Still sleeping?

Posted by Devilsadvocatee > Nov 23, 2020 10:36 PM | Report Abuse

The Company wishes to announce that Chin Well Service Centre Sdn. Bhd. (“CWSC” or “the Plaintiff”), a wholly-owned subsidiary of CWHB had, on 23 November 2020, filed a Writ of Summon and a Statement of Claim dated 23 November 2020 in the High Court of Malaya at Pulau Pinang against the Defendants through a firm of lawyers acting on its behalf.



Particulars of the claims against the Defendants and circumstances leading to the filing of the Writ and Statement of Claim dated 23 November 2020



(a) The Plaintiff placed orders of various steel products (“Products”) with the 1st and 2nd Defendants on diverse dates in 2019 and 2020 for the Defendants to deliver the Products to NBH Service Centre Sdn. Bhd. (“NBHSC”).



(b) On the Defendants producing Invoices accompanied by delivery orders affording evidence of the delivery of the Products to NBHSC the Plaintiff was induced to pay the Defendants the aggregate sum of RM26,340,980.00 (“the Purchase Consideration”) for the Products.



(c) The payment of the Purchase Consideration to the Defendants was made in discharge of the Plaintiff’s obligations as a buyer and it was only upon NBHSC denying receipt of the Products purportedly because of the non- delivery of the Products that the filing of this action has become necessary.



(d) To date, the Defendants have not denied receiving the Purchase Consideration without delivering the Products to NBHSC as required under their contract with the Plaintiff



(e) Wherefore, the Plaintiff is claiming the sum of:



RM15,288,100 against the 1st Defendant;
RM11,052,880 against the 2nd Defendant; and
Such further and other relief and order the Honorable Court deems fit.


Financial and Operational Impact



There is no significant impact on the Group's cash flow and operation except that the revenue of CWSC will be lower in the current financial year ending 30 June 2021 as compared to the immediate preceding financial year ended 30 June 2020.



Expected losses to the Group, if any



The Group may be exposed to a loss of RM26,340,980.00 in the event CWSC fails to recover the sum from the Defendants.



This announcement is dated 23 November 2020.

Posted by Devilsadvocatee > Nov 23, 2020 10:39 PM | Report Abuse

Hmm. Is Chin Well functioning like a trading house to arrange for other trading house to deliver products to their customer? To pay 26mil for fake delivery orderz is quite mind blowing...

Posted by Devilsadvocatee > Nov 23, 2020 11:25 PM | Report Abuse

On top of that, it's a writ of summon against TWO companies.. what are the chances these two companies produce fake delivery order to the 3rd party.. hmm..

Posted by Raining > Nov 30, 2020 7:23 AM | Report Abuse

The chairman informed at the AGM that the chances of getting the 26 million back is high.

Posted by ykloh > Nov 30, 2020 8:39 AM | Report Abuse

Obviously a criminal case. Strange that no police report has been made.

Posted by eesquare > Nov 30, 2020 2:11 PM | Report Abuse

@Raining Nobody knows, I have already factored in a 50/50 win loss for this business. That will be approximately 13m. I just cannot fathom how two different companies chose to deceive ChinWell at the same time for a whopping 26m and succeeded. Surely, there are some s.o.p on verifying the received goods from the customer before paying out to the supplier right?

Posted by eesquare > Nov 30, 2020 2:13 PM | Report Abuse

@ykloh you are probably right. I sense something fishy but I am reserving my judgement. Sucks to be a new shareholder.