LOOKING AT THE PRICE TRNED, UNLESS BIG SHAREHOLDER OR KYY BUY UP, OTHERWISE IT IS PERSIMISTIC. HOPEFUL AFTER EX-DIV TOMORROW, THE PRICE STILL MAINTAINS AROUND THIS LEVEL.
Note 37:- On 28 July 2016, the Department of Natural Resources and Environment of Vietnam had carried out an investigation at the premise of a subsidiary, Chin Well Fasteners (Vietnam) Co., Ltd., for suspected discharged of hazardous waste. Samples of the wastewater and solid waste were collected for testing and analysing.
As at the date of this report, the outcome of the test result is yet to be finalised by the relevant authority.
The directors are of the opinion that the consequence of the investigation will not have a material impact on the future results of the Group.
9%=RM45.00 or = 4.5 sen per share. After Ex-div, the shall be adjusted to 1.73-0.045=RM1.685.
Referring to Benjamin_8888, "The directors are of the opinion that the consequence of the investigation will not have a material impact on the future results of the group". Is this mean it will affect current few quarters results? Hopefully not.
ProPosed sHare BUY-Back of UP to 10% of tHe issUed and Paid-UP sHare caPital (cont’d) And that the Directors of the Company be and are hereby authorised to take all such steps as are necessary or expedient to implement, finalise, complete or to effect the Proposed Share Buy-Back with full powers to assent to any conditions, modifications, resolutions, variations and/or amendments (if any) as may be imposed by the relevant authorities and to do all such acts and things as the said Directors may deem fit and expedient in the best interest of the Company to give full effect to and to complete the purchase of CWHB Shares.”
Wkitwing, who knows the worth/value of the company better? Of course the insider (the company itself).
So when the stock price of the company does not reflect the true value of the stock, then the company can have the option to buy up its own company's undervalue stocks.
This is an extract from Vietnam Investment Review 30/10/16:
"Early next month, the Dong Nai People’s Committee is expected to announce the results of an investigation into Malaysia’s Chin Well Fasteners (Vietnam) Co., Ltd. The scrutiny comes in response to pollution in the province’s Nhon Trach 3 Industrial Park, where last month, the firm was caught discharging untreated wastewater into the surroundings.
“The firm [which makes screws, nuts, and bolts] has admitted its violations. Relevant agencies are investigating to make a precise assessment,” said the committee’s Deputy Chairman Vo Van Chanh. “The firm’s environmental impact assessment (EIA) report will also be examined.”
I prefer not to invest in a company with management that violates the environmental laws of a foreign country for two reasons:
1. the disrespect for environmental wellbeing, to me, is something very serious. We all owe a duty to preserve the environment the best we can. 2. The violation reflects the ethical standard and the moral attitude of the management. It is an obvious moral hazard for investors
dear fellow investors here,how do u all think about what arif said above?violation reflects the moral attitude of the management?hope someone who attend the AGM would bring this issue up to the management and see how they response to us as the shareholders.need to determine the integrity of the company.
Now the important point is how much Chin Well need to pay for compensation since Chin Well has admitted its violations to the environmental pollution. Hope that it is only a small sum of compensation as it did not cause any injury, death or healthy problem to nearby residence.
Posted by cjlim > Oct 31, 2016 02:04 PM | Report Abuse
Believe me, after testing and analyzing. No hazard material found.
how do you know?insider news?or just a guess only? actually from my point of view, the fine is not the problem but the integrity and the willingness to look for solution for the matter so that this kind of problem will never happen in the future and we as shareholders hope that the company will change for better.after all,everyone including us will somehow got fine or "saman" in one point of our life but the question is whether we willing to do our best to avoid such thing in the future.therefore i strongly suggest anyone who will go to the AGM next month can help to clarify this matter with the management and we need the company to give assurance that such problem wont happen next time........
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Posted by StockLearner > 2016-10-25 08:00 | Report Abuse
Chinwell coming...