KLSE: CHINWEL (5007)       CHIN WELL HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.05   +0.02 (1.94%)  1.03 - 1.05  36,700
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  3 people like this.
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
Raining https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3112680
14/12/2020 3:10 PM
eesquare @ Raining - Is this another Writ of Summon? The amount claim is different and the defendant is also different. What's going on..
17/12/2020 9:50 AM
Raining Yes, it is another writ of summon. I am also wondering what happened to this company...
17/12/2020 9:59 AM
Mizi1 Her father & uncle still around managing....just dont know why this counter so many story lately.
26/12/2020 11:15 PM
1009 AMD CEO ... Female, powerful manage
28/12/2020 11:37 AM
1009 Chinwell CEO Taiwan, AMD CEO Taiwan...
28/12/2020 1:47 PM
1009 Chinwell是做螺丝的较多,属于下游行业需求。通常会慢一两个月的,虽然目前大马的五金对螺丝的库存还勉强足够应付,但未来他们也会面临螺丝大涨价行情的。需要时间,好东西是后面来的。
28/12/2020 2:49 PM
1009 Chinwel是多么漂亮的好股票,曾它没大涨,慢慢累积,趁还没大鳄疯狂大炒中
28/12/2020 3:27 PM
Start_0f_the_bull Bolts and nuts price will increase because price increase of raw materials steel.
This should be another stock not to be ignored.
28/12/2020 7:08 PM
Mizi1 Have chance to visit their factory in Butterworth. Cost conscious. However, watch out on recent court case which might impact the EPS.
31/12/2020 9:54 AM
Johnmajor Limited upside. Offloaded.
14/01/2021 2:02 PM
Albukhary 管理层太烂了,怎么会给人骗了几千万还后知后觉。
16/01/2021 2:33 AM
1009 哈哈…你想太多了。
17/01/2021 10:35 PM
fusing79 Mizi1 may i know how can an ordinary person visit a factory. can teach ? i wish to visit some factory as well
23/02/2021 9:38 PM