hello dear fellow investors here,how do you all think about the fierce competition from the china counterparts?does it have an impact on chin well as well eventhough with the strong USD trend now?
No need so worry about the competition. Even though ChinWel and sister company is the largest nuts provider. It's only 3% of world consumption. The market is big enough.
2017 total EPs can maintain 16-20, 40% div. can pay up in 6.4sen to 8sen la.. Buy at 1680rm also got 3.85% @ 4.76% la.. cash company 131mil on hand.. If Europe good back, also can take more higher sales again.. Now Chinwel focus other Asia sales, maintain Europe sales weak lo.. Scare what???
Chinwell's result is weak, just like mflour. See what happens to mflour. Then, 5% drop is normal... expect price drop till RM1.55. If RM1.55 can't stand firmly, then, expect price to stop at RM1.45. Fundamentally not good, price may drop further... Good luck.
The comments in 1st Quarter 2017 reports:- Last part: the Group will explore other new business ventures which will potentially benefit to the growth of the Group. 3 months ended Barring any unforeseen circumstances, the Group anticipates satisfactory performance and growth in the remaining quarters of the year.
Don't worry, the company fundamentals are very strong & cash rich.
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