Q3 earning may not be affected in view of the duty (refundable in 2018) incurred for imported raw material. Production volume reported same as Y2016. EPS 2016 is 21 cents thus 2017 would be lower at 18 -18.5 cents. Current price at 1.70 is deemed as slightly lower than market anticipation
Chin Well sees lower revenue and bottom line: Chin Well Holdings Bhd is expecting a lower revenue and bottom line for its financial year 2017 ending June 30 compared to FY16 due to a labour shortage and higher safeguard duties on wire rods from 40 countries, including China. - StarBiz
Look at past two financial year, Q3 always the lowest sales quarter of the year. But this round, Chinwell submit an impressive result with highest revenue. If next quarter can get EPS 6sen. then we can expect another 4.5sen dividend..
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Albukhary
2,996 posts
Posted by Albukhary > 2017-04-18 10:47 | Report Abuse
why chinwell drop everyday?