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6 comment(s). Last comment by gladiator 2022-06-02 22:06

Posted by hello_world > 2022-04-22 19:25 | Report Abuse

Chin Well will be benefited from the Europe's Anti-Dumping Duty on fasteners from China.

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.

Posted by hello_world > 2022-04-22 19:36 | Report Abuse

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.

Posted by The1994Investor > 2022-04-24 17:30 | Report Abuse

Exactly @hello_world


810 posts

Posted by CFTrader > 2022-04-30 14:13 | Report Abuse

I like CHINWEL very much, but there is 1 issue on the market.
Very very very poor liquidity and trading volume

Posted by hello_world > 2022-06-02 19:22 | Report Abuse

Now market saw this gem hahaha


598 posts

Posted by gladiator > 2022-06-02 22:06 | Report Abuse

Poor liquidity until Tong Herr left behind.

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