Highlights
KLSE: CWG (9423)       CWG HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.44   0.00 (0.00%)  0.44 - 0.44  33,000
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Financials


Market Cap: 56 Million

Market Cap 56 Million
NOSH 126 Million

Latest Audited Result:  30-Jun-2017

Latest Audited Result: 30-Jun-2017
Announcement Date 30-Oct-2017
Next Audited Result: 30-Jun-2018
Est. Ann. Date: 30-Oct-2018
Est. Ann. Due Date: 27-Dec-2018

Latest Quarter:  30-Sep-2018 [#1]

Latest Quarter: 30-Sep-2018 [#1]
Announcement Date 04-Dec-2018
Next Quarter: 31-Dec-2018
Est. Ann. Date: 22-Feb-2019
Est. Ann. Due Date: 01-Mar-2019
QoQ | YoY   257.70%  |    -10.04%

Annual (Unaudited) ( EPS: 5.64, P/E: 8.45 )

Revenue | NP to SH 105,415  |  6,575
RPS | P/RPS 83.47 Cent  |  0.53
EPS | P/E | EY 5.64 Cent  |  8.45  |  11.83%
DPS | DY | Payout % 1.50 Cent  |  3.41%  |  28.81%
NAPS | P/NAPS 0.65  |  0.68
YoY   2.02%
NP Margin | ROE 6.24%  |  8.01%
F.Y. | Ann. Date 30-Jun-2018  |  28-Aug-2018

T4Q Result ( EPS: 4.98, P/E: 8.83 )

Revenue | NP to SH 105,900  |  6,290
RPS | P/RPS 83.85 Cent  |  0.52
EPS | P/E | EY 4.98 Cent  |  8.83  |  11.32%
DPS | DY | Payout % 1.50 Cent  |  3.41%  |  30.12%
NAPS | P/NAPS 0.67  |  0.66
QoQ | YoY   -4.33%  |    -21.34%
NP Margin | ROE 5.94%  |  7.43%
F.Y. | Ann. Date 30-Sep-2018  |  04-Dec-2018

Annualized Result ( EPS: 8.08, P/E: 5.44 )

Revenue | NP to SH 122,756  |  10,216
RPS | P/RPS 97.20 Cent  |  0.45
EPS | P/E | EY 8.08 Cent  |  5.44  |  18.38%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   55.38%  |    -10.04%
NP Margin | ROE 8.32%  |  12.07%
F.Y. | Ann. Date 30-Sep-2018  |  04-Dec-2018


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2019 04-Dec-2018 30-Sep-2018 1 30,689 3,419 2,554 2,554 - 84,614 - % 8.32% 3.02% 126,290 24.30 24.30 2.02 2.02 0.00 0.00 0.6700 0.67   257.70%   -10.04% 28-Sep-2018 0.46 1.89 22.75 0.69 4.40% 0.00% 04-Dec-2018 0.455 1.87 22.50 0.68 4.44% 0.00%
30-Jun-2018 28-Aug-2018 30-Jun-2018 4 26,677 900 714 714 1,894 82,088 265.32% 2.68% 0.87% 126,290 21.12 21.12 0.57 0.57 1.50 1.50 0.6500 0.65   37.84%   410.00% 29-Jun-2018 0.48 2.27 84.90 0.74 1.18% 3.13% 28-Aug-2018 0.47 2.23 83.13 0.72 1.20% 3.19%
30-Jun-2018 23-May-2018 31-Mar-2018 3 16,681 50 518 518 - 80,825 - % 3.11% 0.64% 126,290 13.21 13.21 0.41 0.41 0.00 0.00 0.6400 0.64   -79.31%   -23.37% 30-Mar-2018 0.48 3.63 117.03 0.75 0.85% 0.00% 0.50 3.79 121.90 0.78 0.82% 0.00%
30-Jun-2018 22-Feb-2018 31-Dec-2017 2 31,853 3,033 2,504 2,504 - 8,082,560 - % 7.86% 0.03% 126,290 25.22 25.22 1.98 1.98 0.00 0.00 64.0000 64.00   -11.80%   -42.32% 29-Dec-2017 0.535 2.12 26.98 0.01 3.71% 0.00% 22-Feb-2018 0.50 1.98 25.22 0.01 3.97% 0.00%
30-Jun-2018 23-Nov-2017 30-Sep-2017 1 30,204 3,581 2,839 2,839 - 58,970 - % 9.40% 4.81% 84,243 35.85 23.92 3.37 2.25 0.00 0.00 0.7000 0.47   1,927.86%   120.42% 29-Sep-2017 0.505 1.41 14.99 0.72 6.67% 0.00% 23-Nov-2017 0.495 1.38 14.69 0.71 6.81% 0.00%
30-Jun-2017 25-Aug-2017 30-Jun-2017 4 27,757 510 140 140 1,262 56,409 902.07% 0.50% 0.25% 84,193 32.97 21.98 0.17 0.11 1.50 1.00 0.6700 0.45   -79.29%   -89.23% 30-Jun-2017 1.40 4.25 841.93 2.09 0.12% 1.07% 25-Aug-2017 0.635 1.93 381.88 0.95 0.26% 2.36%
30-Jun-2017 24-May-2017 31-Mar-2017 3 20,561 985 676 676 - 55,989 - % 3.29% 1.21% 42,097 48.84 16.28 1.61 0.54 0.00 0.00 1.3300 0.44   -84.43%   1,026.03% 31-Mar-2017 1.56 3.19 97.15 1.17 1.03% 0.00% 24-May-2017 1.53 3.13 95.28 1.15 1.05% 0.00%
30-Jun-2017 22-Feb-2017 31-Dec-2016 2 30,770 5,418 4,341 4,341 - 56,841 - % 14.11% 7.64% 42,104 73.08 24.36 10.31 3.44 0.00 0.00 1.3500 0.45   237.03%   45.52% 30-Dec-2016 1.17 1.60 11.35 0.87 8.81% 0.00% 22-Feb-2017 1.39 1.90 13.48 1.03 7.42% 0.00%
30-Jun-2017 23-Nov-2016 30-Sep-2016 1 21,624 1,612 1,288 1,288 - 52,193 - % 5.96% 2.47% 42,091 51.37 17.12 3.06 1.02 0.00 0.00 1.2400 0.41   -0.92%   -53.28% 30-Sep-2016 1.22 2.37 39.87 0.98 2.51% 0.00% 23-Nov-2016 1.22 2.37 39.87 0.98 2.51% 0.00%
30-Jun-2016 24-Aug-2016 30-Jun-2016 4 26,069 1,723 1,300 1,300 1,472 50,906 113.27% 4.99% 2.55% 42,071 61.96 20.64 3.09 1.03 3.50 1.17 1.2100 0.40   1,880.82%   -40.80% 30-Jun-2016 1.20 1.94 38.83 0.99 2.57% 2.92% 24-Aug-2016 1.22 1.97 39.48 1.01 2.53% 2.87%
30-Jun-2016 25-May-2016 31-Mar-2016 3 16,266 -161 -73 -73 - 50,670 - % -0.45% -0.14% 42,941 37.88 12.88 -0.17 -0.06 0.00 0.00 1.1800 0.40   -102.45%   76.53% 31-Mar-2016 1.23 3.25 -723.53 1.04 -0.14% 0.00% 25-May-2016 1.25 3.30 -735.29 1.06 -0.14% 0.00%
30-Jun-2016 24-Feb-2016 31-Dec-2015 2 28,480 3,819 2,983 2,983 - 50,067 - % 10.47% 5.96% 42,073 67.69 22.55 7.09 2.36 0.00 0.00 1.1900 0.40   8.20%   116.47% 31-Dec-2015 1.53 2.26 21.58 1.29 4.63% 0.00% 24-Feb-2016 1.70 2.51 23.98 1.43 4.17% 0.00%
30-Jun-2016 25-Nov-2015 30-Sep-2015 1 21,537 3,507 2,757 2,757 - 47,984 - % 12.80% 5.75% 42,091 51.17 17.05 6.55 2.18 0.00 0.00 1.1400 0.38   25.55%   855.34% 30-Sep-2015 0.635 1.24 9.69 0.56 10.31% 0.00% 25-Nov-2015 0.99 1.93 15.11 0.87 6.62% 0.00%
30-Jun-2015 26-Aug-2015 30-Jun-2015 4 31,168 2,801 2,196 2,196 - 45,013 - % 7.05% 4.88% 42,068 74.09 24.68 5.22 1.74 0.00 0.00 1.0700 0.36   806.11%   236.29% 30-Jun-2015 0.47 0.63 9.00 0.44 11.11% 0.00% 26-Aug-2015 0.52 0.70 9.96 0.49 10.04% 0.00%
30-Jun-2015 27-May-2015 31-Mar-2015 3 16,924 -335 -311 -311 - 42,867 - % -1.84% -0.73% 42,027 40.27 13.40 -0.74 -0.25 0.00 0.00 1.0200 0.34   -122.57%   63.58% 31-Mar-2015 0.45 1.12 -60.81 0.44 -1.64% 0.00% 27-May-2015 0.48 1.19 -64.86 0.47 -1.54% 0.00%
30-Jun-2015 02-Mar-2015 31-Dec-2014 2 29,898 1,537 1,378 1,378 - 43,404 - % 4.61% 3.17% 42,140 70.95 23.67 3.27 1.09 0.00 0.00 1.0300 0.34   477.53%   66.63% 31-Dec-2014 0.41 0.58 12.54 0.40 7.98% 0.00% 02-Mar-2015 0.43 0.61 13.15 0.42 7.60% 0.00%
30-Jun-2015 26-Nov-2014 30-Sep-2014 1 17,272 -450 -365 -365 - 41,534 - % -2.11% -0.88% 41,954 41.17 13.68 -0.87 -0.29 0.00 0.00 0.9900 0.33   -155.90%   25.66% 30-Sep-2014 0.555 1.35 -63.79 0.56 -1.57% 0.00% 26-Nov-2014 0.515 1.25 -59.20 0.52 -1.69% 0.00%
30-Jun-2014 27-Aug-2014 30-Jun-2014 4 27,383 1,011 653 653 - 42,129 - % 2.38% 1.55% 42,129 65.00 21.68 1.55 0.52 0.00 0.00 1.0000 0.33   176.46%   1,332.08% 30-Jun-2014 0.44 0.68 28.39 0.44 3.52% 0.00% 27-Aug-2014 0.63 0.97 40.65 0.63 2.46% 0.00%
30-Jun-2014 28-May-2014 31-Mar-2014 3 15,570 -967 -854 -854 - 41,648 - % -5.48% -2.05% 42,068 37.01 12.33 -2.03 -0.68 0.00 0.00 0.9900 0.33   -203.26%   -50.62% 31-Mar-2014 0.40 1.08 -19.70 0.40 -5.07% 0.00% 28-May-2014 0.48 1.30 -23.65 0.48 -4.23% 0.00%
30-Jun-2014 19-Feb-2014 31-Dec-2013 2 27,110 921 827 827 - 42,615 - % 3.05% 1.94% 42,193 64.25 21.47 1.96 0.65 0.00 0.00 1.0100 0.34   268.43%   -5.05% 31-Dec-2013 0.37 0.58 18.88 0.37 5.30% 0.00% 19-Feb-2014 0.40 0.62 20.41 0.40 4.90% 0.00%
30-Jun-2014 27-Nov-2013 30-Sep-2013 1 18,838 -599 -491 -491 - 41,546 - % -2.61% -1.18% 41,965 44.89 14.92 -1.17 -0.39 0.00 0.00 0.9900 0.33   -826.42%   17.89% 30-Sep-2013 0.41 0.91 -35.04 0.41 -2.85% 0.00% 27-Nov-2013 0.39 0.87 -33.33 0.39 -3.00% 0.00%
30-Jun-2013 27-Aug-2013 30-Jun-2013 4 25,102 -177 -53 -53 - 40,769 - % -0.21% -0.13% 40,769 61.57 19.88 -0.13 -0.04 0.00 0.00 1.0000 0.32   90.65%   99.12% 28-Jun-2013 0.39 0.63 -300.00 0.39 -0.33% 0.00% 27-Aug-2013 0.39 0.63 -300.00 0.39 -0.33% 0.00%
30-Jun-2013 13-May-2013 31-Mar-2013 3 19,146 -882 -567 -567 - 42,148 - % -2.96% -1.35% 42,148 45.43 15.16 -1.35 -0.45 0.00 0.00 1.0000 0.33   -165.10%   32.82% 29-Mar-2013 0.37 0.81 -27.50 0.37 -3.64% 0.00% 13-May-2013 0.37 0.81 -27.50 0.37 -3.64% 0.00%
30-Jun-2013 07-Feb-2013 31-Dec-2012 2 26,980 985 871 871 - 42,449 - % 3.23% 2.05% 42,028 64.19 21.36 2.07 0.69 0.00 0.00 1.0100 0.34   245.65%   100.23% 31-Dec-2012 0.39 0.61 18.82 0.39 5.31% 0.00% 07-Feb-2013 0.385 0.60 18.58 0.38 5.38% 0.00%
30-Jun-2013 28-Nov-2012 30-Sep-2012 1 14,996 -759 -598 -598 - 41,761 - % -3.99% -1.43% 42,183 35.55 11.87 -1.42 -0.47 0.00 0.00 0.9900 0.33   90.03%   48.76% 28-Sep-2012 0.40 1.13 -28.22 0.40 -3.54% 0.00% 28-Nov-2012 0.40 1.13 -28.22 0.40 -3.54% 0.00%
30-Jun-2012 29-Aug-2012 30-Jun-2012 4 24,760 -5,348 -6,001 -6,001 - 42,952 - % -24.24% -13.97% 42,109 58.80 19.61 -14.26 -4.75 0.00 0.00 1.0200 0.34   -611.02%   -722.05% 29-Jun-2012 0.41 0.70 -2.88 0.40 -34.76% 0.00% 29-Aug-2012 0.41 0.70 -2.88 0.40 -34.76% 0.00%
30-Jun-2012 31-May-2012 31-Mar-2012 3 16,630 -1,141 -836 -844 - 42,901 - % -5.03% -1.97% 42,060 39.54 13.17 -2.23 -0.67 0.00 0.00 1.0200 0.34   -294.02%   7.25% 30-Mar-2012 0.40 1.01 -19.93 0.39 -5.02% 0.00% 31-May-2012 0.41 1.04 -20.43 0.40 -4.89% 0.00%
30-Jun-2012 21-Feb-2012 31-Dec-2011 2 26,073 690 416 435 - 43,874 - % 1.60% 0.99% 42,187 61.80 20.65 1.28 0.34 0.00 0.00 1.0400 0.35   137.28%   8.21% 30-Dec-2011 0.38 0.61 36.85 0.37 2.71% 0.00% 21-Feb-2012 0.40 0.65 38.79 0.38 2.58% 0.00%
30-Jun-2012 23-Nov-2011 30-Sep-2011 1 14,230 -1,393 -1,178 -1,167 - 43,368 - % -8.28% -2.69% 42,105 33.80 11.27 -2.70 -0.92 0.00 0.00 1.0300 0.34   -59.86%   -50.97% 30-Sep-2011 0.37 1.09 -13.35 0.36 -7.49% 0.00% 23-Nov-2011 0.38 1.12 -13.71 0.37 -7.29% 0.00%
30-Jun-2011 24-Aug-2011 30-Jun-2011 4 27,012 -780 -730 -730 - 44,556 - % -2.70% -1.64% 42,034 64.26 21.39 -1.73 -0.58 0.00 0.00 1.0600 0.35   19.78%   47.22% 30-Jun-2011 0.39 0.61 -22.46 0.37 -4.45% 0.00% 24-Aug-2011 0.36 0.56 -20.73 0.34 -4.82% 0.00%
30-Jun-2011 25-May-2011 31-Mar-2011 3 22,365 -954 -909 -910 - 46,763 - % -4.06% -1.95% 42,129 53.09 17.71 -2.16 -0.72 0.00 0.00 1.1100 0.37   -326.37%   -140.11% 31-Mar-2011 0.40 0.75 -18.52 0.36 -5.40% 0.00% 25-May-2011 0.41 0.77 -18.98 0.37 -5.27% 0.00%
30-Jun-2011 23-Feb-2011 31-Dec-2010 2 28,032 659 402 402 - 42,244 - % 1.43% 0.95% 42,244 66.36 22.20 0.94 0.32 0.00 0.00 1.0000 0.33   152.01%   -61.90% 30-Dec-2010 0.41 0.62 43.09 0.41 2.32% 0.00% 23-Feb-2011 0.40 0.60 42.03 0.40 2.38% 0.00%
30-Jun-2011 22-Nov-2010 30-Sep-2010 1 19,149 -732 -758 -773 - 47,161 - % -3.96% -1.64% 42,108 45.48 15.16 -1.84 -0.61 0.00 0.00 1.1200 0.37   44.11%   -4.18% 30-Sep-2010 0.40 0.88 -21.79 0.36 -4.59% 0.00% 22-Nov-2010 0.40 0.88 -21.79 0.36 -4.59% 0.00%
30-Jun-2010 25-Aug-2010 30-Jun-2010 4 29,582 -207 -1,362 -1,383 - 47,514 - % -4.60% -2.91% 42,048 70.35 23.42 -3.29 -1.10 0.00 0.00 1.1300 0.38   -264.91%   -2,866.00% 30-Jun-2010 0.47 0.67 -14.29 0.42 -7.00% 0.00% 25-Aug-2010 0.47 0.67 -14.29 0.42 -7.00% 0.00%
30-Jun-2010 26-May-2010 31-Mar-2010 3 20,913 -462 -355 -379 - 49,269 - % -1.70% -0.77% 42,111 49.66 16.56 -0.90 -0.30 0.00 0.00 1.1700 0.39   -135.92%   47.21% 31-Mar-2010 0.44 0.89 -48.89 0.38 -2.05% 0.00% 26-May-2010 0.41 0.83 -45.56 0.35 -2.20% 0.00%
30-Jun-2010 24-Feb-2010 31-Dec-2009 2 35,369 1,402 1,093 1,055 - 49,597 - % 3.09% 2.13% 42,031 84.15 28.01 2.51 0.84 0.00 0.00 1.1800 0.39   242.18%   6.35% 31-Dec-2009 0.45 0.53 17.93 0.38 5.58% 0.00% 24-Feb-2010 0.46 0.55 18.33 0.39 5.46% 0.00%
30-Jun-2010 24-Nov-2009 30-Sep-2009 1 21,397 -896 -715 -742 - 48,482 - % -3.34% -1.53% 42,159 50.75 16.94 -1.76 -0.59 0.00 0.00 1.1500 0.38   -1,584.00%   -241.94% 30-Sep-2009 0.44 0.87 -25.00 0.38 -4.00% 0.00% 24-Nov-2009 0.45 0.89 -25.57 0.39 -3.91% 0.00%
30-Jun-2009 26-Aug-2009 30-Jun-2009 4 26,564 107 -9 50 - 48,749 - % -0.03% 0.10% 41,666 63.75 21.03 0.12 0.04 0.00 0.00 1.1700 0.39   106.96%   -66.44% 30-Jun-2009 0.35 0.55 291.67 0.30 0.34% 0.00% 26-Aug-2009 0.45 0.71 375.00 0.38 0.27% 0.00%
30-Jun-2009 27-May-2009 31-Mar-2009 3 18,724 -1,096 -763 -718 - 49,126 - % -4.07% -1.46% 41,988 44.59 14.83 -1.71 -0.57 0.00 0.00 1.1700 0.39   -172.38%   -217.70% 31-Mar-2009 0.30 0.67 -17.54 0.26 -5.70% 0.00% 27-May-2009 0.40 0.90 -23.39 0.34 -4.28% 0.00%
30-Jun-2009 18-Feb-2009 31-Dec-2008 2 32,119 1,352 1,004 992 - 49,599 - % 3.13% 2.00% 42,033 76.41 25.43 2.36 0.79 0.00 0.00 1.1800 0.39   557.14%   719.83% 31-Dec-2008 0.40 0.52 16.95 0.34 5.90% 0.00% 18-Feb-2009 0.40 0.52 16.95 0.34 5.90% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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Sebastian Sted Power obviously undervalued! Good counter will up when other drop drop drop!
28/11/2017 16:16
nikicheong Don't get so excited about yesterday. It might just have been rotational play (churning). Hold and keep till this goes to the RM0.80-RM1.00 region at least.
05/12/2017 10:18
Sebastian Sted Power 1.5cents Div soon. Not bad la
05/12/2017 15:02
nikicheong Dividend is OK. Now to play the waiting game and to let the story unfold.
14/12/2017 10:15
Yoon Yeap Lower Hi guys, new to this stock. Anyone able to name me their competitors? And what is the dividend yield at current price, right issue made me confuse.
18/12/2017 14:40
Sebastian Sted Power Niki, RM strengthen liao. Any new thought on this counter?
03/01/2018 12:04
nikicheong Sebastian, not a big issue. CWG has substantial costs denominated in USD for imports. Also 30% of sales are in MYR. This is unlike furniture manufacturers where costs are fully in MYR and sales in MYR is at less than 10%.

So yeah, no big deal. Continue holding. Growth in export sales will beat any impact from strengthening Ringgit, plus costs will be lowered.

Read latest annual report for confirmation of what I am saying.
07/01/2018 13:09
nikicheong "Cost of sales increased by 10.6% which was not in line with the inrease in revenue of 9.1% for FY2017. The higher cost of sales was due to the increase in cost of raw materials as the result of weakening of RM. The RM traded between RM3.95 and RM4.50 in FY2017 as compared to RM3.75 and RM4.46 in FY2016. Besides, cost of raw materials increased also due to higher in the price of paper in the global market."

Revenue for Malaysia was at ~25% for FY2017.

So long story short, CWG will indeed be impacted adversely by the strengthening Ringgit given that it is a net exporter, but I presume there are some elements of natural hedging at play here given that some costs are Dollar denominated. Plus, CWG's selling point is increasing sales of the Arto range of products and moving on to higher-margin products. This should lead to an increase in profitability no matter the Ringgit's level vis-a-vis the Dollar.

Regardless I expect profits to be up by at least 50% in FY18, if not more than 100% increase in net profits.
07/01/2018 13:21
chuatuanboo How much will be the EPS for the coming Q result ?
08/01/2018 21:00
sapurakencana Substantial Shareholder's Particular:
Name MR KHOR SAY BENG
Details of Changes:
Currency -
Date of Change Type Number of Shares
05-Jan-2018 Acquired 4,000,000
Registered Name Say Beng Holdings Sdn. Bhd.
Nature of Interest Deemed Interest
Nature of Interest Deemed Interest
Shares Ordinary shares
Reason Acquisition of shares by Say Beng Holdings Sdn. Bhd. via off market.
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 11,310,126
Indirect (%) 8.96
Total (units) 11,310,126
Total (%) 8.96
Date of Notice 08-Jan-2018


See Director Khor keep on accumulated it own company share.
08/01/2018 22:53
Sebastian Sted Power @niki, your explanation is clear! Are you an accountant?
09/01/2018 15:34
nikicheong Been buying up more CWG shares at 0.51-0.52 over the past week. I think I stop here for now as my CWG position is rather large. Only holding TCHONG and MHB aside from CWG for the moment. Time to hunt for something else.
29/01/2018 10:15
Sebastian Sted Power Niki, seem like you bough as much as MR KHOR SAY BENG
06/02/2018 15:53
nikicheong Steady lor. A bit sad that the market got weak this week....why couldn't it have been last week!?!?

Haha, anyways this is a long-term thing...doesn't really matter but at 0.485 or 0.515 if in the longer run you expect the stock to easily go past RM1.00.

Yesterday was an amazing day to bargain hunt, but sadly I used up most of my available funds last week. Anyways, these things happen. Can't time the market, as they say!
07/02/2018 08:44
Sebastian Sted Power See Ah Beng everyday buy back I also BO SONG. I also keh poh bought and add a bit
07/02/2018 22:27
nikicheong Hmmm, 5 days in a row there is zero trading. No sellers at all. Sell queue is also thin. All we can do now is wait for the Q report that should be out within the next week. If we can get a net profit of ~RM3mil to RM4mil, this should fly towards RM0.60. If it is above RM5mil, can expect RM0.65.

All the best folks!
20/02/2018 08:36
Sebastian Sted Power Niki, happy CNY. Seem like you are very confiedent on the good QR
20/02/2018 16:04
nikicheong Well, let's just say I'm "cautiously optimistic". A bad QR will simply be a buying opportunity, and this might especially be good with a pending bonus payment :)
21/02/2018 11:21
Sebastian Sted Power Ah Beng keep buying. GOOD SIGN!
21/02/2018 21:01
Sebastian Sted Power later after 5pm, eat popcorn and see good QR. Tomorrow will have firework!
22/02/2018 16:27
nikicheong Hmm...quarter result a bit below my expectations. Cost increased greatly but revenue haven't risen in tandem. However, we shall only see the full impact of the rights issue from Q3 FY 18 onwards (i.e. period of Jan - Mar 2018). The additional working capital should pay off somewhat in this quarter, coupled with great interest expense savings.

Q3 will be a worse quarter (seasonally Q3 has lower revenue according to the qtr report). But I'll still expect net profit of >RM1.0mil despite that.

Anyway escalating costs + stronger Ringgit means we will need to wait a while more before we can enjoy super profits.

Hard to tell what will happen to the share price but I will not be surprised we go down to RM0.45 after this.
22/02/2018 18:39
nikicheong But on the bright side the balance sheet is extremely healthy and beautiful looking now after the completion of the rights issue. No matter what I’m keeping my shares in CWG and will continue topping up should the price fall lower in the coming weeks and months!
22/02/2018 19:39
Matthieu Seven two continuous QR >2mil. Back to track again. I am still holding which bought 80cents!

Niki, when you think will gain back to my cost?
22/02/2018 20:25
Sebastian Sted Power Hold la.. RM1 only sell
22/02/2018 21:24
nikicheong @Lincorn, hard to say man. I mean its a healthy company, low risk of buying in at these prices. But as to when it can "break out"...I think there will need to be a strong earnings breakout. Maybe if Q3 earnings can be above RM1mil (previously Q3 always weakest) then it might be supportive of this.

Also, I realize in recent months the insiders and a lot of very long term investors (me included!) have been mopping up CWG shares on the market. The selling volume may simply evaporate, and sometimes the lack of selling will lead to a jump in prices due to scarcity etc.

Or we may be subject to a pump and dump as well given the relative illiquidity of the counter and may jump 10-20 sen over a short period of time.

It's really hard to tell. For me, this is an "lock and keep away" stock. I will monitor company news on a weekly basis or so going forward. Lest there be a fire breakout I think the capital should be secured at the very least for those buying at RM0.50 levels and dividend should be decent as well going forward (I expect 3 sen dividend minimum for FY 2018).
23/02/2018 08:54
Sebastian Sted Power niki, you see AH Beng sapu again early early morning 50cents clear
23/02/2018 09:06
FAIZUN77 just follow ah beng collecting
27/02/2018 15:17
sapurakencana Ah Beng can sapu as much as he want.but for what purpose if company performance not improve.unless for take over purpose. it wont happen in this company.
27/02/2018 23:29
nikicheong Company performance cannot improve overnight leh. You think this is magic ah? Takes months to get things improved. Especially since rights issue was only done in October 2017....give them time lah to channel that additional working capital and lesser debt load into improvement in the bottomline. Now we just got the period ended December 2017 results...I will hold judgement until at least we get to the results for the end of June 2018.
28/02/2018 08:49
nikicheong It's been quiet here, but I'm still holding CWG for the long term. Q3 results will be important, should be out within next 2 weeks as it will start showing whether the rights issue in October last year has paid off.
18/05/2018 19:58
chuatuanboo Q3 result just released. Disappointing.
23/05/2018 18:55
nikicheong Yeah both the topline and bottomline are disappointing for Q3 2018. Nothing else to say really.

But, looking beyond that, the balance sheet has improved further still. And I think the most positive thing is that the inventory numbers have spiked up. This could well mean that their expansion post-rights issue will start bearing fruits. Larger inventory could signal more demand in what is usually their peak demand period, which is the June quarter.

On the flip side, the larger inventory could mean they have not been able to find buyers for their increased production.

Depends on how you wish to look at it lah. Yesterday I bought more at 0.495.

I'm positive on the future, but I could be wrong as well. At current price levels I consider the valuation to be undemanding, so I don't think I'd lose much if I read things wrongly. But the payoff could be substantial on the upside. Just gotta keep holding until there is a clear sign that the expansion isn't going well.
23/05/2018 19:46
sapurakencana I prefer to consider the larger inventory could mean they have not been able to find buyers for their increased production.cheong ,this is not the first time right issue, if the performance can improve,they wil show in after 2 quarter report.See the sales even only 50% compare with last quarter,so how to convience public to invest in this company ,so i disagree what u said "so I don't think I'd lose much if I read things wrongly " .If like that i rader put my money at fixed deposit where i can earn confirm 3% income yearly.
26/05/2018 22:40
nikicheong That's right Sapurakencana. However, I give it another quarter to see some proper improvement before throwing in the towel. The idea is to keep track of the inventories. If they balloon or do not decrease significantly, OR if the revenue is significantly lower YoY...then well it might be game over and I'd have to take my money out and put it to better use.
26/05/2018 22:55
nikicheong They also spent RM2.1mil on purchasing of equipment by the looks of it in the Jan-March 2018 quarter.
27/05/2018 23:46
FAIZUN77 When the qtr will be released?
27/08/2018 14:43
nikicheong Hmm bad quarter. Seems very much reduced sales for Malaysia. However this was uschioned by significantly higher sales to Europe though. Inventories have ballooned even further and this has been done by taking on even more debt. Either management is totally incompetent or they've got something great coming up. I hold for one more quarter.
28/08/2018 19:12
FAIZUN77 yes. let give it one more quarter.
29/08/2018 08:55
Yael Jasper Never regret for buying this stock, profit is real
29/08/2018 10:46
Lim Tek Wai Well done, the profit can let me to buy more food.
29/08/2018 11:18
FAIZUN77 First and FInal Dividend:

EX-date 06 Dec 2018
Entitlement date 10 Dec 2018
Entitlement time 05:00 PM
Entitlement subject First and Final Dividend
Entitlement description First and final single tier dividend of 1.5 sen per ordinary share
30/10/2018 11:37
FAIZUN77 where is niki?
19/11/2018 11:40
nikicheong Hi there, still here! Been buying 50-100 lots every month these past few months. Got a feeling Q1 2019 should be good! Results should be out any day now.
21/11/2018 18:20
nikicheong I’m positive for the upcoming results for two main reasons. One is the consistently depreciating Ringgit over the past 6 months, which should improve margins. The second is the extremely large increase in inventory, which should point to a notable increase in sales. In the annual report they mention as much. Also, in the annual report if you look at the goods in transit numbers, it’s much higher than ever before. So lots of reasons to be excited and to expect increases in both top line and bottom line.

I’ve been buying more of CWG slowly over the past few months. Got a good feeling we’ll starting moving up soon. But for this to happen there must be solid core earnings. I’m thinking something above RM3mil.
21/11/2018 22:05
nikicheong I've done some projections and would just like to share them here, just to see how things actually turn out if nothing else.

1) Worst case scenario: RM25 to 30 mil
2) Disappointing scenario: RM30 to 35 mil
3) Expected revenue (conservative): RM35 to 42 mil
4) Expected revenue (high case): RM42 to 50 mil
5) Strong revenue beat (go all in!): RM50mil ++

Most likely scenario is for the revenue to be somewhere between RM30mil and RM45mil based on my estimate.

As for the net profit margins, I anticipate something in the region of 7% to 15%, with the most likely net margin to be at between 8% to 12% (excluding any one-off items).

So all things said I expect a net profit of somewhere between RM2.4mil to RM3.6mil (assuming net margins at 8%). But at the same time I would not be surprised there is a very strong earnings beat and we get to > RM5mil!

Exciting times, let's hope the Q report is out today evening!
22/11/2018 10:06
nikicheong Ok results should be out today or tomorrow! Good luck to all CWG investors. Hope we get a good result! :)
28/11/2018 13:54
FAIZUN77 Can't wait for the result.
29/11/2018 09:14
nikicheong Revenue is a disappointment at RM30mil. But the net profit is decent at RM2.5mil. Will look in-dept in the Q1 2019 report later and share my thoughts. Not really that bad on the whole by the looks of it, but I was expecting better...
29/11/2018 18:33
TheSyndicate Waiting for the volume to come. Waiting to buy. Still looks good for long term despite it's below expectancy result.
05/12/2018 21:49
FAIZUN77 price jump. no one selling CWG
06/12/2018 10:24