not bad

Looking set to move.. I am in. Anyone else?

Let’s see if can break 0.10 this time

Hopefully this time for real..after so long sideway since the last spike...

let's see the move after lunch...

guess appasia will rise up again tomorrow after the few days rest...

i think with this round, it will re-test the 0.095 high reached this morning again in the next few sessions. don't know how high it will go, but certainly some people will take chances to dispose it and some might want it to go higher, only the operator knows how high to get it to this round...

I think Bpuri's turn pretty soon... just monitor closely

puncak coming....after the lunch break

just monitor it... it might move up anytime from now..

BPuri in another MOU with Sabah government,,, looks like it is a good news... let's see if the price will go up.....

Looks like kssc is rebounding..take note..I think more to come this afternoon.

more to come

Euro is starting again...good that it is slowly moving up and not too drastic...targeting 0.40 today and hopefully 0.50 will be soon.

scomies is coming...take note

lots of buying and selling at 0.345-0.35...I believe it will move up towards the end of session...

target 0.50 hopefully can reach soon.

strongly overcome the 0.325 2 yrs high...tomorrow will charge further...

to challenge 1.00 soon...bravo

pansar coming again...wow

new shareholder should have something interesting for EURO

0.50 is the next target

next wave coming...

rebounding today...i guess more to come..hopefully climb back above 0.40..

anyone in careplus..good price to enter?

not bad...slowly taking up the seller

some buying is going on at 0.20...will break today to move upwards hopefully...close watch.

Karyon is lagging behind a lot of company, good company with profit all these years.. Anytime will shoot up like others to beyond 0.50

euro is waiting anytime for it's next wave up to 0.50...take note...buyin in is strong...

Compare with others, this magnitude of decrease in QoQ and YOY is good and negligible, fluctuation shows that it is in real business and at least still profiting. This is much better than a lot of other companies which has a huge once off disposal gain or impairment loss.

Very good results....Damai Vista sales is not even booked yet in this QTR...it will be even better in thenext QTR.. well no wonder price is slowly creeping upwards...

expect buy in on any dip opportunity....

The Group’s profit before tax of current quarter was recorded at RM2.3 million as compared to RM0.4 million of the corresponding quarter in preceding year, an increase of RM1.9 million mainly due to lower operating expenses.

The Group's profit before tax for the current quarter was at RM2.3 million as compared to loss before tax of RM0.3 million in the previous quarter, an improvement of RM2.6 million due to higher profit contributed by the increase insales and lower operating expenses.

Great...more to come

Financial Highlights


The forecast for FYE 2018 is derived from a conservative growth rate based on the company ’s previous performance. However, the outlook for industrial hose manufacturing sector remained positive due to orders start picking up again after having slowed down in 2016.




(RM Mn) Forecasts Period Ending September 30 2011A 2012A 2013A 2014A 2015A 2016A 2017A 2018F Total revenue 136.83 154.21 131.53 146.37 158.33 134.49 159.13 171.9 Cost of goods sold Cost of goods sold (108.65) (115.18) (91.70) (99.20) (101.94) (83.00) (100.1) (106.6) Gross profit 28.18 39.03 39.83 47.17 56.39 51.49 59.03 65.31 Operating expenses / income Other operating income 3.10 2.53 3.57 3.63 6.45 2.38 3.46 3.95 Selling and distribution costs (4.02) (4.27) (4.06) (4.23) (3.96) (3.71) (4.12) (4.47) Administrative costs (4.67) (6.06) (6.26) (7.60) (9.52) (9.18) (9.18) (10.31) Other operating expenses - - - - (0.12) (0.21) (0.43) (0.52) Total operating expenses / income (5.59) (7.80) (6.75) (8.20) (7.15) (10.72) (10.27) (11.34) EBIT 22.59 31.23 33.08 38.97 49.24 40.77 48.76 53.96 Interest Interest expense (0.26) (0.25) (0.23) (0.26) (0.48) (0.98) (0.93) (1.08) EBT 22.33 30.98 32.85 38.71 48.76 39.79 47.83 52.88 Income tax expense (7.01) (7.62) (8.15) (9.25) (7.21) (8.47) (11.37) (12.69) Net Income (as Reported) 15.32 23.36 24.70 29.46 41.55 31.32 36.46 40.19 Earnings per share (EPS) Basic 3.08 4.69 4.96 5.92 8.34 6.29 7.32 8.07 Margins Operating margin 16.51% 20.25% 25.15% 26.62% 31.10% 30.31% 30.64% 31.40% PBT margin 16.32% 20.09% 24.98% 26.45% 30.80% 29.59% 30.06% 30.77% Net margin 11.20% 15.15% 18.78% 20.13% 26.24% 23.29% 22.91% 23.39% Actuals Consolidated Income Statements Q-o-Q Y-o-Y % % Revenue RM Mn 32.30 39.01 43.62 11.82% 35.05% Cost of sales RM Mn (20.06) (24.96) (27.65) 10.78% 37.84% Gross profit RM Mn 12.24 14.05 15.97 13.67% 30.47% Other operating income RM Mn 0.64 0.06 0.25 331.03% -60.94% Administrative expenses RM Mn (2.84) (2.29) (2.15) -6.11% -24.30% Selling and distribution expenses RM Mn (1.02) (1.02) (0.96) -5.88% -5.88% Other operating expenses RM Mn - (0.03) (0.40) 1279.31% Profit from operations RM Mn 9.02 10.77 12.71 18.02% 40.91% Finance costs RM Mn (0.14) (0.23) (0.21) -8.70% 50.00% Finance income RM Mn 0.24 0.23 0.26 13.04% 8.33% Profit before tax RM Mn 9.12 10.77 12.76 18.49% 39.91% Taxation RM Mn (1.29) (2.68) (2.88) 7.46% 123.26% Net profit RM Mn 7.83 8.09 9.88 22.14% 26.18% Minority interest RM Mn - - - PATMI RM Mn 7.83 8.09 9.88 22.14% 26.18% EPS sen 1.57 1.62 1.98 22.14% 26.18% Margins Operating margin 27.93% 27.61% 29.14% PBT margin 28.24% 27.61% 29.25% Net margin 24.24% 20.74% 22.65%

Company Profile Wellcall Holdings Berhad is Malaysia’s largest industrial rubber hose manufacturer. Originally serving for three major application markets, the company has scaled up its markets to more than six, including the air & water, welding & gas, oil & fuel, automobile, ship building, as well as food & beverage.

Investment Merits
1. Recovery in Global Economy Boosted Sales
- After a rough 2016 year, Wellcall has finally posted exciting results for FYE 2017. Riding on global recovery following better oil prices, demands for industrial rubber hose are expected to follow suit.
- While the overall effect has yet to remain unknown, the company has in fact performed better with 18.32% and 16.41% surge in the revenue and net profit respectively. The better performance is due to higher sales achieved on the back of higher demands from its clients.
- As almost 90% of its sales are derived from export markets, the recovery in global economy would provide the company a better earnings visibility moving forward.
- Wellcalls’ export markets spread quite evenly across developed and emerging markets, and this would help to balance out the concentration risk.

2. Attractive Dividend Yield
- Wellcall has been giving out dividend since its listing, and has a dividend policy to distribute a minimum 50% of its net profit annually.
- For FYE 2017, the company has paid dividends of 7.7 cents, equivalent to a dividend yield of 4.97%, which is considered high among mid and small cap peers.
- If we were to compare the company with gloves manufacturers which also use nitrile rubber as raw materials, we would see Wellcall’s dividend yield would be the best, with others mostly stay at 1% -3%.

3. Gearing Up for Production and Efficiency
- It is known that Plant 3 of the company has yet to reach full production capacity, giving it more room to grow moving forward.
- We are aware that the plant has opted for more automation as compared to the previous two, potentially driving down the cost but also improving the quality and production efficiency.
- The company is said to have its Plant 2 for higher capacity and automation upgrading.

Today sure fly pass 1.60...take note..still low

anyone in sendai?

quite sad... it didnt fly this morning as expected but i think it will come anytime from now...just someone is placing big block at 1.60 for some reason...just watch out when this big block is taken out.. hopefully will be today...

5 months high 1.66 to break easily tomorrow...and head for 1.80...

not bad, 1.60 closing.....tomorrow will have some nice show...

hope for 1.80 tomorrow..

wellcal..wellcal

tomorrow will be wellcal day...let's see if it can break 1.60 today...

1.60 will be taken out very soon...once it started its engine

buy more wellcal.. it is coming.....buyer is out...

anytime will get trap to be frank if not careful...if u r lucky might make money, if not might lost all pants....

Take note karyon, time to move..

testing 0.835 in 3 min?

tomorrow will fly high

looks like it is slowly creeping upwards again...take note

monday will gap up...

i think it is about to move up...watch closely