KLSE: WELLCAL (7231)       WELLCALL HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.795   +0.01 (1.27%)  0.785 - 0.80  589,300
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Market Cap: 396 Million
NOSH: 498 Million
Avg Volume (4 weeks):710,923
4 Weeks Range:0.55 - 1.00
4 Weeks Price Volatility (%):
52 Weeks Range:0.55 - 1.32
52 Weeks Price Volatility (%):
Average Price Target: 2.27
Price Target Upside/Downside: +1.475
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#1]  |  24-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  24-May-2020
T4Q P/E | EY: 10.87  |  9.20%
T4Q DY | Payout %: 7.17%  |  77.93%
T4Q NAPS | P/NAPS: 0.238  |  3.34
T4Q NP Margin | ROE: 22.20%  |  30.73%


Date Subject
13-Mar-2020 Trading Stocks - Wellcall
06-Mar-2020 #006 _ |Q1 2020 RESULT| _ WELLCAL (7231) 纬钜集团 季度报告
23-Feb-2020 #005 _ WELLCAL (7231) 纬钜集团
23-Aug-2019 Wellcall Holdings Berhad (KLSE) #RTable - CashRich Series - YAPSS
15-Aug-2019 Daily Technical Highlights – (ELKDESA, WELLCAL)

Business Background

Wellcall Holdings Bhd is an investment holding company through its subsidiary principally manufactures industrial rubber hose for customers in the business of distributing rubber hose to equipment manufacturers. The group's business segment comprises the manufacture and sale of rubber hose and related products. Mandrel type and Extrusion type are the products of the company. The group's product ranges to various application markets like air and water, oil and gas, welding, automotive, shipbuilding, abrasion, food and beverages and chemical applications. The manufacturing and investment holding segments are operated in Malaysia and distributes its products globally. The company generates the majority of its revenue from export sales.
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  11 people like this.
fhis Great...more to come
22/02/2018 3:48 AM
Christiano88 result out liao
26/02/2018 2:11 PM
sleang Management indicated that costs to escalate further up...
26/02/2018 4:49 PM
sleang wonder if JP Morgan's TP 2.1 still valid..
26/02/2018 4:50 PM
Dartmaster this shows that JP Morgan is managed by a bunch of goons. Earnings deteriorated same as MEDIA that they have been busy buying up. They only know one thing control and buy up enough shares and pump and dump
26/02/2018 5:08 PM
CFTrader @Sleang, do you know/inquiry about which type of cost escalate further up during the AGM meeting ?

I googled the price of natural rubber (which is their main cost) , it appears to be downtrend and i cannot brain the logic of "increase cost" ...

If they suffered from increasing cost due to Factory 3 efficiency then that is a temporary problem... but if their margin is eroded .... well ... let's say that their margin is one of the prized jewel that gives them superb valuation....

26/02/2018 11:28 PM
sleang Nope, management did not mention what costs are those...its in the Report...share price touching 1.51...will climb back to 1.55 to pre-results level??
27/02/2018 10:49 AM
smktta up up up
27/02/2018 1:49 PM
CFTrader omgimnoob, i mean, what i noticed is rubber is downtrend on Sep17 to Dec17 , and if not mistaken, SMA20 is their main cost (?) which compose of 50%...

So i wonder why the report recently suffered from increased cost (?) Just want to clarify my doubt. :)
02/03/2018 5:19 PM
LimKL1 wan fen gan xie
17/04/2018 10:45 AM
orochi_y so the price today is good to enter? RM1.30
17/04/2018 1:34 PM
CFTrader good company doesn't sell cheaply .

But when it is priced cheaply , be sure to grab it :)

01/05/2018 1:03 PM
loonginv worst result since 2013 Q2 ..!!!!!
24/05/2018 5:39 PM
leelc70 lower dividend payout
24/05/2018 6:26 PM
CFTrader 1. Cost of Production is increased .... Why ?
- Rubber price is downtrend, but it is not the major cost of production.
- Synthetic Rubber consumption is in fact, higher (5 times more) consumption than natural Rubber.
- Synthetic Rubber price is on increasing trend for the past 9 month.
- Hence, WELLCAL factored in the cost that bought on the higher side.
- Forex issue.

2. Factory 3 issue.
- It is not simple as improve production volume by 70%.
- Factory 3 is divided into 3 parts.
- Part 1 : Mandrel hose production line. - fully utilized
- Part 2 : Spiral hose production line - unsure of utilization rate, they need to secure more customer (customer in this field tends to be loyal/recurrent, hence wellcall claimed that they need extra effort to penetrate this market )
- Part 3 : For sudden demand surge / change in the trend. Currently vacant.

3. Workforce issue.
- has no shortage of foreign worker issue.
- Foreign worker compose of 50% of workforce.
- No problem with KDN.

4. Revenue Growth
- Trailing 6 month order is increased by approximate 7%-8%.
- Largest market is category is Oil,Gas,Water,Air hose production - compose of 60% of the sales.
- Oil and Gas - compose of approximate 40%-45% of the category.
- They securing some US client that involving in the O&G company where they will place recurrent order every 4 month.

31/05/2018 5:25 PM
ViWizard oppp drop
26/07/2018 9:26 AM
xiaojie88 improved slightly...
27/08/2018 5:32 PM
apolloang no good lah tomoro open will down but dunno can rebound later?
27/08/2018 5:34 PM
CFTrader Ermmm .... Revenue is indeed increased by 8% as CFO informed me.
Revenue stood at 42M
GP is 12.8M (compared to previously 14M
Profit From Operation Exclude One Off Gain is 9.394M vs 10.7M

Margin compression is real ...
In summary :

True Earning : 1.36c
Forex Gain : 0.21c
Hence total EPS : 1.57c
28/08/2018 6:26 PM
soon9913 get the dividend first
05/09/2018 7:10 PM
Jasper Coo Very confident stock, good to invest it and then can buy more car HAHAH!
06/09/2018 10:41 AM
Vincent_8316 Just invested 7000 share
07/09/2018 4:24 PM
madguy this stocks all so quite ?
where u all ??
25/10/2018 10:41 AM
YKLIEW Better be quiet and steady during these bear days. At least don't plunge.. Ha ha
25/10/2018 12:03 PM
CFTrader EPS 1.98c vs 2.04c
Single tier dividend 1.4c vs 1.55c

There is almost 1m of forex gain (i suppose) covered the hike of the material price...
Overall good dividend :)

26/11/2018 5:32 PM
CFTrader omgimnoob, you can contact Wellcall's IR ... they usually don't respond to email, as quote from the guy "I'm scared that I'm giving the wrong impression by writing, I would like to clarify through a phone call" .

ps. if you planned to call them, can you inquiry about what they going to achieve with the new JV ? I am lazy to call them , still in CNY mode . :P

19/02/2019 10:04 AM
James Yeo Wellcall Holdings Bhd has a track record of consistent dividend payouts over last 5 years. Check out other 2 similar stocks at https://klse.i3investor.com/blogs/small_cap_asia/195122.jsp
26/02/2019 11:03 AM
L2earn https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7231
EPS 1.91c
Dividen 1.40c
26/02/2019 12:47 PM
CFTrader Investment grade company, talked to their management team before when M.A.S. is formed.
I like their S.O.P. in doing business .

To me, there are 2 "well"ness in Bursa, one is WELLcall, while the another one is chinWELL hahaha.

26/02/2019 2:50 PM
Manekineko Thanks @ James Yeo and CFTrader. Did my homework, the fundamentals are solid. Also think the JV is a catalyst if they execute well. Now in my watchlist.
26/02/2019 3:27 PM
Investeye The Q result is OK. With the prospect of join venture with Trelleborg and consistency to payout dividend quarterly. It is worth to look into this counter for mid and long term..
26/02/2019 4:32 PM
Tanleechoo Those Malaysian co owned n run by Taiwanese are good... Chinwell n wellcall .. PIe .. uchitec . FPI n ySpsah .. can sleep well when invest in the co
02/03/2019 11:03 PM
CFTrader Taiwanese-run company in Bursa , they will have a similar trait. They will earn money, then declare the profit as dividend, so that they can enjoy it (as most of them are substantial shareholder)

Instead of Malaysian-run company that declare fat renumeration and don't declare a single shit dividend to shareholder, Taiwanese run company is very suitable for those who invest for dividend (and future dividend growth) .

19/03/2019 2:32 PM
CFTrader I'm always a fan of a company that always suffered from pressure to declare dividend , but I always check if they really need to loan/borrow money to declare dividend.
One of the fine example is MAYBANK .. The largest shareholder is PNB .. PNB need cash for other operation, that makes MAYBANK very generous with their dividend policy .. because the owner needs it. Haha.

19/03/2019 2:34 PM
stockraider JUST BUY
24/03/2019 2:57 PM
小糖 the survival in the wild, you cannot show you true intend directly, else it will be subjected to a lot of manipulation
17/04/2019 1:11 PM
CFTrader never disappoint me , WELLCAL.

24/05/2019 6:46 PM
no buy no feel nicely done wellcall , next year venture with sweedish big company too
24/05/2019 10:33 PM
CFTrader * For this quarter (reflect the end of March), please do notice that PPE - WIP (For those who don't know what is WIP , it mean Work In Progress) is RM 4.8 Million.

* Previous Quarter was RM 0.644M.

* WELLCAL decide to devote RM 9.2 Million for the JV.

* My crude estimation of completion of the new JV will be end of this year.

25/05/2019 12:23 PM
Kent good result but no movement, weird
03/09/2019 9:54 AM
Fundamentalist Time to collect?
23/09/2019 1:04 PM
uss uss The revenue of the company is increasing, and the profit of 2019 is pretty good compare to the previous year with decrease in cost production (avg abt 64.5% for Q1,2019- Q3,2019) even though the raw materials price remain high. The demand of industrial rubber hoses is recovered gradually. This company more than 80% of the sales are exported to other countries....i think the strong USD should bringing some good impact to the company profit. The main factor that affect the company profit is the raw materials.
26/09/2019 2:51 PM
uss uss this is indeed a good news to wellcall as the company is able to get cheaper raw materials.
08/10/2019 4:11 PM
TopEarn1 No news one?
27/11/2019 9:52 PM
CFTrader the fundemendals are still intact with this company.
The problem is valuation is getting cheaper, hence, the reduction in the share price.
I'm one of those who bought when the price is priced at a higher valuation price.

05/01/2020 6:47 PM
TopEarn1 who and where the valuation done? The pricing is ridiculous cheap.
06/01/2020 9:47 PM
chkhooju Its current pricing is dirt cheap. Just buy and hold. Wellcal will not fail you..
06/01/2020 10:06 PM
xiumimi dirt-cheap exactly... the heck right
08/01/2020 4:32 PM
observatory 2018 Annual Report shows that Group MD Huang Sha only controls 3.4% of the shares. Another director Tan Kang Seng has the largest block but only at 11.37%. Any foreseeable issues with the lack of substantial shareholding?

Although Huang Sha is paid several million in fee, remuneration and bonus, surely the incentive of larger stockholding can help?
14/01/2020 12:36 AM
Nighelanghelo affected by oil price crash ?
22/03/2020 11:35 AM

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