Morning FB2, Thanks hwang112, a fantastic write up on Wellcall.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1624541

Great results. Improvement in both top & bottom line. Dividend maintain at 2 sens. Happy Happy.

No work at factory 3 site. ???????

Well said, goldenray. Pity, not many are interested in this stock

Hi Golden Ray, I think it is more then just GORENG. Hope sifus like LC Chong and petracot will shine some light

Hi FB2,Hope to see you there.

CB INDUSTRIAL PRODUCT HOLDING BERHAD
Notice of Seventeenth Annual General Meeting
Date of Meeting 29/05/2014
Time 11:00 AM
Venue Saujana Ballroom, The Saujana Hotel,
2KM, Off Jalan Sultan Abdul Aziz Shah Airport Highway, Saujana, 47200 Subang, Selangor Darul Ehsan

Yes, She is the major shareholder and MD. Her son, Liu Han-Chao, who is also an Executive Director of the Company.

bboycs, good thinking. Get your money park in Wellcall with 5.5% yield and enjoy growth in capital and dividend in a year time.

Tom, we are fine here in Ipoh.

Liu Lee, Hsiu-Lin @ Jessica Liu
(Managing Director and Chief Executive Officer)

Tom, you should call maybank and get them to check. My maybank online is working fine

Sorry folks, FB2 is my good friend Firebird2

Hi freonsf, divide by 2.5 ======> 2 sens per quarter

FB2, We could not attend the AGM this year as it clashed with CCMDBIO AGM. We attended last year, the management team are friendly people. We opine that they are good in production but lacking in marketing.

We attended CCM & CCMDBIO AGM last year. CCMDBIO AGM was informative & we were impressed with the attitude and of the opinion that they know their stuff well. The CCM AGM was lousy, the worst we have attended. I have sold all my CCM shares now. Should have sold them right after the AGM and not waited until the last Q results.

The coming Tomypak AGM will be our first.

I am also looking forward to CBIP annual report and AGM. Hope to meet you there. They are having some exciting time this year. MY holding of CBIP is small because I could not put a valuation to it and the dividend is lacking due to Capex.

As for superlon, we have visited their factory before. Like Wellcall, very tidy but their inventory on finished products were a lot more then. Wellcall don't even have any storage area for its finished product. I understand that They are cleared daily. We hope to touch base with Jessica again after CCMDBIO AGM. At the moment, I cannot put a figure to the India effect on its top & bottom lines.

CCMDBIO AGM is in Klang. I plan to go on 20th. After that we will drive down to Johore. Stay for 2 nights and attend Tomypak AGM at 9.30am on 22th.

I also hope Wellcall is on track. I am not too worry about others selling. There are always people who think they can get better return somewhere somehow. LoL

I am still holding on to superlon. They are doing shares buy back now which I don't think is a good idea because liquidity is already so bad. They seem to be upbeat about India. Orders are rolling in well.

FB2, Wellcall has been my biggest holdings for a long time. I just couldn't resist and keep adding.

Recently, I am buying lots of CCMDBIO & Tomypak to dilute my holdings on Wellcall in term of percentage.

May is expected to be quiet but at the same time there will be a lot of Q results & dividend announcement and I will attend CCMDBIO & Tomypak AGM

Hi FB2, market is so quiet, any plan?

The annual report is out.

This is a defensive stock with good dividend.

One to keep!

ping71, there is no announcement so far. The next Q results will be in 3 weeks time

Pusing, papan, tg. Tualang are all small mining towns in Kinta Valley.

Pusing & Tualang are now famous for fresh water fish & Big prawn. Papan has became a ghost town.

FB2, the site is leveled and piling will start next month, schedule to complete by May 2015.

Marvyn, not to worry, I like b'fast & brunch in Pusing, a nice little town near to the factory. Will let you guys know once work started.

FB2, Good morning. Yes close to 1.60 = 4(b4 split), all time high

I went to factory 3 site yesterday. No construction work but TNB cable is installed.

Hi sharem, look like it is going to open high today. at 1.54?

Hi Marvyn, no news on Mondrain. No announcement as to any shareholders movement on Friday.

I was just responding to ping71 regarding institutional players in Wellcall.

See what will happen on Monday.

Hi LC Chong, your last report was 29/8/2013. Any update for us?

Hi petracot, last posting on 17/5/2012. Anything to share?

ping71, yesterday vol was 3 times the previous high. Mondrain is big internation fund and they are holding > 13mil shares before split = 32.5mil after split

Exciting time ahead...................

Hi Nicole, good to hear that Pharma is doing well. Investing in sound business with good dividend pay out is the right idea. Good job!

I am too lazy to reseach into a new counter now. Taking some time off to enjoy myself. Just came back from a golf trip to Hanoi.

Yes, Wellcall will take a while to absord the selling after the split. I expect the price to resume its upward trend when it announce its next Q results next month.

CCM last Q was horrible. Damn GLC. I took a BIG loss to dispose all at 1.10

CCMDBIO is a wonderful son they have and dividends are very very good.

chipster1234, sorry for the comments but from experience it is much more profitable to concentrate on winners. Don't punish yourself for their errors.

Alex, sorry, one thing leads to the other.

Anything regarding Wellcall that you would like to discuss?

Good 5-3-2 formation.

I am Liverpool fan. Bkawan is my Captain G. Ptaras & Wellcall are my SAS. YOCB & Cocoaland are my wingers. (Raheem & Coutinho?)CCMDBIO & CBIP sit in the middle. LPI, Tomypak,Hupseng & Cscenic form the back four. Superlon is my super sub. Cscenic looks a bit shaky, looking into the summer transfer window now.

Nicole,CCMDBIO gave 2 round of dividends 4 & 13.5 last year. At RM3, 17.5 sens div = 5.8% yield

It also shows sign of growing earning & dividend

Gkent has taken off and flying when I took a look at it. Prefer to let it cool down b4 taking another look

Have been tracking Hevea for sometime. Just couldn't tell what is still bugging me

BKawan & Tomypak are my two solid centre-backs

Zhulian looks like the kind of company to buy. I spent the last 2 hours (1.45am to 3.45am) reading through the last 2 Qs results, annual reports, reseach papers, i3investor forum and chart.

Good balance sheet, profit margin, dividend and cash in hand.

Buy?

NO !

It is simply still overvalue at RM2.70.

1) At best, it is going to make only 16 sens (EPS) for FY14 = > PE 16.875. The EPS for 1st Q = 3.73 x 4 = 14.92p.a..

2) At best, Dividend = 4 x 3 sens = 12 sens => yield 4.4%. They will be struggling to do that without capex.

3) No sign of improvement in Thailand. No profit contribution forecast from Indochina. I simply cannot rely on luck?!?

4) The chart shows that the knife is NOT laying on the floor. The counter is actively looking for new lows.

5) CIMB issue ZL-CE on 14/4/2014, asking for 15 sens at an exercise price of RM2.90 expiring at 30/4/2015. I interprete that CIMB don't think ZL will be > RM3.05 come 30/4/2015.

I smell no BARGAIN at current price at all.

Try me at RM2.10 (yield 5.7%) or a much improved next Q results.

My 2 sens worth on Zhulian

Hi Nicole, Not much knowledge about Pharma, I think Pharma is bigger than CCMDBIO. Can you tell me some of your reasons?

Hope to find time to research more into Pharma next week.

Morning FB2, my handicap is 16 since 2000. Not serious in golf anymore, happy to score a bogey each hole.

Well, we can have a DNA test to see if we are lost brother. Ka ka ka

Nicole, take a look at ccmdbio

Fb2, good to know you are a golfer. If you want a game in RPGC,Ipoh. Call me.

We have 6 common counters out of the 12 I have. Incredible!

Agree with Nicole, good ROE makes wellcall a fundamentally great stock. PE 18 does indicate that the stock is richly valued. However, it is compensated by high dividend pay-out policy. In fact, one of the highest in Bursa.

Chipsters, if you don't mind, I also think 20+ is too much a handful.

Fb2, I am looking seriously into bkawan,Tomypak,Hevea,Gkent & zhulian. Any comments?

I like the product.

Any news?

So much have been said about greed & fear in the market. It is not easy to conquer that.

I am not a gutsy guy. I make it a point not to chase stock. I refrain from break-out play. I buy when the price retrace back to trendline support. If it does not, I let it go.

By doing so, I don't believe we can avoid hurt by a crash but we should be able to sail through minor correction and emerge stronger each time it happens.

Greedy when the market is down! We can only do that if we know the stock we intend to buy well. Well enough to be confident that it can bounce back when crisis is over or it is not affected by the crisis at all.

Readiness - I doubt that we can be fully prepared when the crash comes.

FB2, I know where you are coming from. It is always good to be safe than sorry. I agree we have to be ready when the market crush.

However, I prefer to focus on building a solid portfolio than to worry about market crush.

It is sad to notice that Alex Chew continue to sell down his hoildings in the company. However, If he find better investment than his holdings in Wellcall, I wish his well.

I have not been to the site recently, my understanding is that piling will start next month. Will check next week.

"Now, I think if you go in now, at this price, and keep, and if you know how the company is building its future (please read through this thread to understand more) you will be confident to keep adding. That's all one has to do. No such thing as having to do work every day. At the end of a 3 or 5 year period , you see the multiplier effect and how wealth is created by choosing the right company and doing little.

11/04/2014 11:26"

FB2, I like, I like...........

Sorry folks, I was out of this thread for a couple of days.

This counter remains the largest holdings (>25%)in my portfolio for several years. I believe in leverage,I have share financing. I don't believe in CASH. I call it a deprecating asset. I have -ve cash reserve. 35% of my holdings is funded by borrowed money. I believe in cash flow management, Dividend is important to me, I believe dividend I received must > twice the amount of interest I have to service, currently 3 time. Recently, I feel a bit bearish. I do believe markets crush and companies can turn bad BUT I refuse to be a failure.

In a nutshell, I try to say that I have a lot of confident in the company.

Let me put my 2 sens worth about the company dividend here.

Before split, The company paid 18 sens dividend last FY. The last 3 Qs dividend was 5 sens. This means a rolling 4Q of 19 sens.

The company is very consistent in paying out increasing dividends over the years except May 2011 whereby dividend dropped from 3 sens to 2.5 sens. The EPS dropped from 2.30 to 2.19 before they decided to reduce the dividend. The dividend went back to 3 sens when the EPS went back up to 3.68 sens the next Q. What happenned in the following Q (NOV2011)? They paid 3.5 sens when EPS was only 3.48. Are they overdoing it by paying more than they earned? NO, they already knew they will earned more the subsequent Q. Indeed, it was EPS 4.32 & Div 4.00 in Feb 2012. Never look back since then.

I agree with FB2 that "The company says it intend to pay the same amount of profits as dividends ". Assuming the company is earning the same in coming months. The dividend SHOULD be 5/2.5 = 2 sens per Q = 8 sens p.a.

At 1.45, this is 5.517%. I thimk FB2 is very conservative to put it as 4-5%

I would like to say put your money on the winner, proven WINNER!

FB2, no clue at all how this indian business will do to the company top & bottom line

FB2, yes wiped off as you predicted

factory 3

I am quite confident that they will be paying 2 sens/Q until factory is up & running.

They might be suffering from a slight contraction in earning due to strong Ringgit.

The seller(s) at 1.45 still there

FB2, Yes. It will be a new ball game when factory 3 is up. We just can't tell for sure it will be better or worse.

However, I have faith in Huang Sa & Alex Chew. They are financially prudent people. They will try their utmost for the company & shareholders. That's good enough for me to ride on with them.

If better things are unfolding itself later or price comes down to a 'bargain' level. I will raise the ante

FB2, someone just cleared the worry you have at 1.45. uptrend resume?

Yes, nicole, holding power is important.We have to play the game within our means.

Share financing is availble at 4.6% amd Wellcall is giving a yield of 5.5%. Moderate borrowing is fine.