Now market saw this gem hahaha

Chin Well also stocking up their inventories. The investories increased RM65m and RM39m in FY2021 and 6MFY2022 respectively. With the high coal price, super inflation, Russia-Ukraine War, I personally don't think that the steel price is going to drop in short term.

The almost +RM100m inventories stock up by Chin Well will likely increase their profit margin again in short term. They stock up lot of raw materials when it's cheap and now they increase their products ASP follow by the uptrend of steel price.

Chin Well will be benefited from the Europe's Anti-Dumping Duty on fasteners from China.
https://www.torque-expo.com/article/europes-anti-dumping-duties-fasteners-china?msclkid=93ab0dd3c22e11ec91e37d1b477896e2

US applied Anti-dumping duty on fasteners from China few years ago, and it resulted the China dumping their fasteners to Europe which affected Chin Well performance in mid-to-late 2019. This time Europe applies ADD , not sure China will dump their fasteners to where , maybe Southeast Asia.

Alright. Thanks for you reply and information.

Where u get the information that new capacity is ready on Oct 2021? The new plant is expected to be completed on Dec 2023

why u guys are expecting the new plan will complete soon? Where u guys get the information? The new plant are only expected to complete around Dec 2023. 2 yrs to go

Peace99, there are only sales and account department email. No IR email provided. I saw there is a new segment "Trading" in the latest report and it contributed around 8m revenue. The trading activity is carried out in SG. So wanna contact IR to get more information under this segment.

But seems like macam no IR email on website

Anyone found the Scope's IR email? I can't find any IR contact on their site.