KLSE: CHINWEL (5007)       CHIN WELL HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.10   -0.01 (0.90%)  1.10 - 1.20  729,500
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
30-Jan-2015 04-Feb-2015 Acquisitions 27,000,000 1.450 299,533,168 Additional Listing Detail
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  3 people like this.
shareinvestor88 sell tp 1
30/10/2019 12:30 AM
LATO' SELI This counter got future kaaa???
16/11/2019 1:59 PM
fusing79 fundamental look good but the share price actually perform badly
26/11/2019 9:42 AM
Davidl A disappointed QR to b release soon!
26/11/2019 12:18 PM
Mizi1 Expected tomorrow come out the QR.
26/11/2019 9:03 PM
Mizi1 Big dive on EPS
27/11/2019 5:44 PM
lloydlim QR boom!
27/11/2019 11:04 PM
Mizi1 1.45 coming!
28/11/2019 6:16 AM
Beginner123 Prospect:
"It is expected more orders could be secured by the Group from US market in the second half of the financial year with the completion of an expanded production plating line in Malaysia.

The production of the reinforcement bar in Vietnam is also expected to contribute to higher Group's revenue."
28/11/2019 9:39 AM
lloydlim However the average selling price will continue to drop due to serious affected by US China trade war. DY expected to further down to 3, so sad!
28/11/2019 10:09 AM
Mizi1 buy
28/11/2019 5:59 PM
Surewind Not sure what the management is trying to do with the buy backs.
Does not seem like they are very interested to buyback more like for show with 3k , 6k shares out of 400k volume.
31/12/2019 11:36 PM
Mizi1 Officially, 1.37 now is for road block purpose... :)
02/01/2020 8:57 PM
dompeilee Bought Chinwell @ 1.39
07/01/2020 3:11 PM
Mizi1 Nice!
08/01/2020 1:53 PM
thesteward Looking good chinwell..... should be moving big real soo
15/01/2020 11:37 AM
EngCCCC @ thesteward you got Chinwell share?
15/01/2020 4:40 PM
thesteward Yes EngCcc I am hoping it w drop abit to add maybe ard 1.37
19/01/2020 11:49 AM
thesteward I mean 1.35
19/01/2020 11:50 AM
EngCCCC @ thesteward noted
19/01/2020 4:34 PM
Mizi1 Maybe can reach 1.36-1.37 after CNY.
21/01/2020 3:43 PM
EngCCCC @ Mizi1 reach 1.36 b4 CNY
23/01/2020 11:30 AM
Mizi1 @EngCCC CNY early angpow! :P
24/01/2020 6:08 AM
Mizi1 Sad results. Continue to collect. Heading to 1.2.
27/02/2020 9:27 PM
Beginner123 Very sad result...
Worried the price drop below 1.00...
28/02/2020 9:43 AM
wahd Drop so much
28/02/2020 3:31 PM
Surewind 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??
01/03/2020 11:10 PM
Mizi1 Worry what will happen in coming Q...
06/03/2020 7:52 AM
James Ng 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
13/04/2020 8:57 AM
wahd When the Q3 result out ?
03/06/2020 6:05 PM
Mizi1 Suppose last week but I think this Friday lo...
03/06/2020 9:12 PM
Mizi1 apologize for my wrong guessing.... XP
05/06/2020 10:12 PM
Mizi1 Disappointing results
27/06/2020 6:15 PM
wahd For me its acceptable for current situation
02/07/2020 10:45 AM
funitec Management buy 1.00,1.01. I expect 1.15 coming.
30/07/2020 2:41 PM
joey any updates
09/08/2020 11:22 PM
beeyeng good timing to invest now ? can hold long term just to earn their dividend?
13/08/2020 12:07 PM
Mizi1 this is super long time hold.... :)
18/08/2020 3:28 PM
Mizi1 fui yo!! PE over take TG!
26/08/2020 10:15 PM
Flyinghorse 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.
23/10/2020 12:59 PM
Flyinghorse Just buy and keep for long term
24/10/2020 9:09 AM
mf Dow drops 700 points, on pace for its worst day since early September
26/10/2020 11:26 PM
hkimbrs Still sleeping?
20/11/2020 10:12 PM
Devilsadvocatee 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.
23/11/2020 10:36 PM
Devilsadvocatee 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...
23/11/2020 10:39 PM
Devilsadvocatee 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..
23/11/2020 11:25 PM
Raining The chairman informed at the AGM that the chances of getting the 26 million back is high.
30/11/2020 7:23 AM
ykloh Obviously a criminal case. Strange that no police report has been made.
30/11/2020 8:39 AM
eesquare @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?
30/11/2020 2:11 PM
eesquare @ykloh you are probably right. I sense something fishy but I am reserving my judgement. Sucks to be a new shareholder.
30/11/2020 2:13 PM

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