Possible one day HEVEA supply E0 standard RTA to IKEA?

Copy from Invesalks.

Hevea 23 th AGM 简介

公司强调继续专注为公司的产品add value ，增加quality 和更eco-friendly. 尽量避免以价竞争，management 也看好Industry 的前景，现有厂房已经almost full capacity。 Particle board和RTA 的 demand 还是很高所以买地来expand capacity. 就2017 的RM48 million capex 有33.5 million 花在了新厂和地， 没错的话是专做RTA 的。现在厂已经70% completed. 今年年尾就会complete,为2018 contribute 多20% 的revenue, 108million (RM540 million x20/100)。Management 承诺会把revenue 做好，net profit 则不敢保证因为会受exchange rate, labour cost, tax, raw material 影响。在raw material 方面，hevea 有好像有自己的upstream (不知有没有听错)， 所以Q1 的profit 没受很大的影响尽管wood price 提高20-30%

Management 也说到不会想要拼购别的公司尽管hevea 开始net cash position. Hevea 和同行有不同的positioning, 专注的markets 和products 也不同，所以想简单些，先把自己做到最好。

Krea kid 的 B to C model, 还不成型，还需要多几年，近期对hevea 的impact 不会很大。

很多人很好奇hevea 会不会和全世界家私的龙头老大， IKEA 合作。原来，IKEA 找过hevea 洽谈几次，但因为IKEA 要很大的volume 和control, 很high risk, 所以都谈不成。但Hevea 还是IKEA 的潜在 business partner。
有一项不得提到的是hevea total export contribution 有50 % 是由日本和中国这两个国家贡献。日本和中国是进口很严的国家，但是hevea 可以penetrate进去，是不容易的。至于japan Olympic 2020 对hevea 的影响不是直接的受惠，现在Japan 的屋子也比较少用particle board 做的。
For 新的mushroom business, 现在还是摸索的阶段，估计会分3 个stages 来做，first stage 会带RM 10million ，不知是revenue 还是sales。短期对group 的帮助不大，但margin 很高，有40 % 左右。

Dividend Yield is 5% if included the Final Dividend 2.5cent.

Confirm FY17 will better than FY16.

原来是你搭沉船。

Board business add new production line, at least another 10% production for China demand. RTA business doing very good, Japan Olympic is coming, will become mini IKEA soon. Mushrooms business is another bonus.

18/05/2018 HEVEA price @ RM2.50

HEVEA product is using rubber wood as raw material. E0 quality.

RTA production is expanding. Will become like IKEA soon.

Sure boh? Company start Share Buy Back?

The price is manipulated.

The price is manipulated​.

Ringgi long term is hopeless. Based on history, value of Ringgit will only decrease.

I experienced the same thing when invest in VS Industry last year. After I sell, price shoot up.

No need worry so much, everyday drop 1 cents only.

Manage to buy some @ 1.35.

1.38 very 'Lak Gu' today.

If below 1.4, can buy with own cash, no worry with Hevea fundamental and business prospects.
If below 1.2, dare dare buy, I will borrow money to buy Hevea if reach this level.
If below 1.0, at this level I will Sailang, I will sell my car and house to buy Hevea.
if below 0.8, speechless, I will sell my motorbike, bicycle and whatever I have to hantam Hevea.
If below 0.6, I quit stock market forever.

Buy some@ 1.37. New Production Line + Online Furniture Business + New Company HeveaGro, the company is expanding.

Chinwel这一季的业绩比我预期的5分少了一点点，主要是欧洲的营业额萎缩了约23%，拖累了集团的整体表现。而公司在大马业务(石笼网及防盗网）则获得相当不错的成长与盈利表现，总算为公司保住了约14%的毛利。

管理层曾表示欧洲的部分订单在11月份开始回流，相信下个季度的业绩就会出现强劲的复苏并重新走向成长的道路。值得一提的是公司的现金流，这几年公司不断偿还债务后，公司的每股净现金增加的速度相当的快，目前已达到了每股34分，它可真是一家现金牛公司呀！

投机业绩虽然失败了，但我对它将来的业务复苏却相当有信心，因此我决定继续守下去，并会逢低加码来摊平成本。真想不到，我刚从Complete的套房check out不久，就得Check in Chinwel的套房了，或许唯一不同的是这间套房有提供饮食(Dividend)，不怕被饿死了！

转贴：糊涂投资网

The profit from Europe will put in 2017. So I guess result of Q1 2017 is better than Q4 2016.

Highlighted point.

蔡芑云强调，去年11月后，欧洲客户的订单已经恢复至正常水平了，有关盈利预期将在2017年1月后入账，并反映在2017年中。

“部份欧洲客户发现中国的产品质量并不如晋纬控股，因此也纷纷回流至公司。”

Dividend will announce this month. Hope is 4.5sen

Share Buy Back mode is activated.

A securities account designated as “Share Buy-Back Account” has been opened with the aforesaid stockbroker for the sole purpose of purchasing the Company’s own shares and/or resale of treasury shares of the Company on the Bursa Malaysia Securities Berhad. This announcement is dated 23 December 2016.

FLBHD just change management right? Is 2nd generation of LIN family. Maybe new management new policy. 0% Dividend Policy.

蔡芑云透露，公司目前也正在和宜家洽谈供应扣件的合作。

“若洽谈成功，公司和宜家间接合作的关系将转换成直接合作。”

她补充，公司一路以来和宜家的供应商都有合作的关系。

Feng. I din't attend to the AGM.

Business not only talk about price. Many value added service need to consider also. ChinWel product is quality and confirm deliver on time. Price not much different in future.

the anti-dumping duties were lifted, the Chinese fastener manufacturers found themselves facing a shortage of wire rods, which pushed up the price of Chinese-made fasteners sharply. Chin Well, which initially had to drop prices by about 10% for its European customers to compete with the Chinese, found itself able to raise prices again, along with those of its competitors.

The China-made screws are known to have issues with quality, which is why we did not see an impact on our screws from the removal of the anti-dumping duties. And we find that usually, the industrial buyers — those involved in construction and who buy in big quantities — still prefer to buy from us because of the better quality [we offer]. But those who are selling fasteners to end users will buy from the Chinese,” explains Tsai.

Chin Well’s DIY fasteners, which are manufactured in Vietnam, have not been affected because the largest cost component for this segment is packaging and labour. According to Tsai, most of China’s fastener manufacturers in the coastal cities are facing a labour shortage. “China cannot compete with Vietnam because the labour cost in China is much higher. They can’t do it inland because it takes up a lot of space and it will not be worth the transport cost,”

This Trump is 'Roti Canai'. Don't believe so much.

Will ChinWel benefit after Japan Tsunami ?

Better sell and then collect back at lower price. The only way to save your life.

Focus Lumber this quarter drop 70%. Some more no dividend announced.

The result of Q1 2017 is not bad. Profit decrease just because ChinWel Q1 2016 is too good.

Weak retailer will be wipe out. is a change for the Company and Investor to collect more. Holding Power is important.

I collect some @1.59. Now waiting ChinWel to activate Share Buy Back mode.

In Q1, 1.00 EUR = 4.35 MYR
Today, 1.00 EUR = 4.66 MYR
I believe Ringgit remain weak in future. Possible 1.00 EUR = 5.00 MYR next year.

No need so worry about the competition. Even though ChinWel and sister company is the largest nuts provider. It's only 3% of world consumption. The market is big enough.

No more America TPPA. All countries are is welcoming China Silk Road (一带一路)

With the current weakening of the ringgit, the company is able to capitalize on its high denomination on the USD and EURO to have potential future gains.
With majority of its trade receivables being in USD, Chinwell would be able to benefit from the USD strengthening after its increase in fed rate.

Today exchange rate is USD 1.0 = MYR 4.3

Then is a good news lo. I also hear that ChinWel will benefit in train project in Indonesia and Malaysia by selling wire to build fence.

ChinWel only focus on EU and Asia market. So USD rise is good for ChinWel. US market is handle by sister company JinHer, Taiwan. Trump policy will not affect ChinWel.

USD 1.0 = MYR 4.5 will coming. Really don't know happy or sad.

I predict MYR will be weak in long run. Maybe because 1MDB, Oil Price, Debts ...etc.

USD 1.0 = MYR 4.5 is coming soon.

看到晋纬都流口水，奈何荷包不够钱。 就算起到RM2, PE也不到10。

some said if Trump win, Dollar will rise. Still good for ChinWel.

Of course is ChinWel la. Beside nuts business. ChinWel wire business also perform well.

But KYY touch many other stock also, should I leave KLSE?