CHIN WELL HOLDINGS BHD

KLSE (MYR): CHINWEL (5007)

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Last Price

1.02

Today's Change

+0.025 (2.51%)

Day's Change

0.995 - 1.02

Trading Volume

19,000


3 people like this.

2,591 comment(s). Last comment by abang_misai 1 week ago

Albukhary

3,043 posts

Posted by Albukhary > 2017-07-21 00:43 | Report Abuse

Buy

tan lucy

153 posts

Posted by tan lucy > 2017-07-21 09:19 | Report Abuse

hold

Davidl

1,816 posts

Posted by Davidl > 2017-07-23 23:15 | Report Abuse

Bullish sign!

lloydlim

3,970 posts

Posted by lloydlim > 2017-07-24 12:24 | Report Abuse

Uptrend towards 2.06!

Posted by Stanley Sim > 2017-07-30 22:04 | Report Abuse

We shall monitor this stock this week.

reiki6

229 posts

Posted by reiki6 > 2017-08-01 16:47 | Report Abuse

chinwel slowly slowly up.... ^-^

Posted by bursamalaysia1985 > 2017-08-01 23:57 | Report Abuse

RM2??

saumei

19 posts

Posted by saumei > 2017-08-02 10:54 | Report Abuse

why up today, any news????

CityHuntEr

626 posts

Posted by CityHuntEr > 2017-08-02 11:10 | Report Abuse

@saumei because TP 1.97...hahah

Posted by Stockapprentice1996 > 2017-08-02 13:29 | Report Abuse

@saumei because it has good financial health and earn more than enough to give dividend every year so in a long run, it is profitable to stay on this counter.

Posted by Kai Shien Ks > 2017-08-02 15:39 | Report Abuse

This kind of counter does not need any news to boost up, they grow and raise consistently and performs healthy

Posted by Stockapprentice1996 > 2017-08-02 16:09 | Report Abuse

@Kai Shien Ks agree, this is for long term prospect

hueyyng27

298 posts

Posted by hueyyng27 > 2017-08-02 16:19 | Report Abuse

Potential Momentum Stocks - 31 Jul 17 (mplus)
Stock Name: CHINWEL (5007)
Entry: Buy above RM1.85
Target: RM1.97 (6.5%), RM2.10 (13.5%)
Stop: RM1.77 (-4.3%)
Shariah: Yes
Technical: Monitor for breakout

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-02 17:11 | Report Abuse

Congratulations guys! We shall c it breakthrough 2.00 very soon! Big guy is accumulating all the while!

Posted by Patrick Sim > 2017-08-02 18:11 | Report Abuse

Know something. The last time they gave bonus issue 1:4 was way back in 2004. They have sufficient reserves to afford a bonus issue this time. Hope it will materialize.

Davidl

1,816 posts

Posted by Davidl > 2017-08-03 02:13 | Report Abuse

KYY might promotes Chinwel after price breaching 2.00

Posted by Patrick Sim > 2017-08-03 17:14 | Report Abuse

CHINWEL gained 6.0 sen (3.2%) to close at its 52-week high of RM1.93. As a result of the strong move, the share price formed a “white-Marubozu” candlestick which indicates that the bulls dominated the day right from opening bell till market close. The move may possibly signal a resumption of the previous 3-month uptrend, which took a breather in early July. Yesterday’s decisive breakout was supported by strong volume with 2.4m shares traded. Further up, some resistance is expected overhead at RM1.95 (R1) although breaking beyond that, the next resistance is located at key psychological level of RM2.00 (R2). Any weakness back to the RM1.80 (S1) support levels may be viewed as a buying opportunity, failing which RM1.77 (S2) should offer additional support.

Source: Kenanga Research - 3 Aug 2017

Albukhary

3,043 posts

Posted by Albukhary > 2017-08-06 10:24 | Report Abuse

这次有戏看了。

KYY 手上的股票原来流入了HALLEY SICAV 外国机构投资者手中。

看了HALLEY SICAV 过去几年的表现,你就知道这是一只表现非常标清的基金,而它投资的公司都是以成长为前提。

在看看HALLEYHALLEY SICAV投资过什么马股,随手沾来就有DAIBOCI,SCIENTEX 等等,都是一些快速扩张成长的龙头企业。

本地机构投资者还在睡觉吗?好股都给外国人买完了,还不快点来插旗?

KYY 会回来抢筹码吗?

OTB 会喊买吗?

还有一大堆的网络股神全部会现身出来敲锣打鼓吗?

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-06 22:09 | Report Abuse

As I mentioned earlier, big guy is accumulating all the while!

Davidl

1,816 posts

Posted by Davidl > 2017-08-08 18:28 | Report Abuse

Wow! HALLEY SICAV 外国投资机构 acquired more shares fr open market.

Davidl

1,816 posts

Posted by Davidl > 2017-08-09 17:46 | Report Abuse

Good! Halley Sicav continues acquiring Chinwel shares in open market! Bullish sign!

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-09 18:10 | Report Abuse

Nice uptrend! Once breakthrough 2.00, shall challenge 2.25!

hueyyng27

298 posts

Posted by hueyyng27 > 2017-08-10 17:41 | Report Abuse

let see can break rm 2 within a month time

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-10 18:43 | Report Abuse

No need 1 month, within 2 weeks oklah!

CityHuntEr

626 posts

Posted by CityHuntEr > 2017-08-11 09:21 | Report Abuse

Low volume but drop more than 10cents? Short covering? Short selling?wth...

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-11 12:25 | Report Abuse

Time to load more!

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-15 15:41 | Report Abuse

It might b de last call to collect cheap now!

Posted by bursamalaysia1985 > 2017-08-17 17:35 | Report Abuse

still cannot break resistance of 2.00

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-17 19:38 | Report Abuse

Be patience, it will!

optimus9199

2,794 posts

Posted by optimus9199 > 2017-08-17 20:22 | Report Abuse

TONGHERR is better than Chinwell in fundamental prospects

Posted by Patrick Sim > 2017-08-21 11:00 | Report Abuse

Chinwell is still holding on strong despite the report that it may earn less profit this quarter. Agree with optimus919 Tongher is another good counter but the share price has since rocketed from RM2 early this year to RM3.75.

Davidl

1,816 posts

Posted by Davidl > 2017-08-21 11:33 | Report Abuse

So price may correct to 1.70 after qtr result release?

Posted by Patrick Sim > 2017-08-21 15:01 | Report Abuse

I think the announcement of a lower quarterly profit is now a non issue. Looking at today's trading the counter may even close higher than the price prior to the announcement. The company is solid and steadfast with current ratio (liquidity) at 5.5 times, and ample cash in bank to cover borrowings by about 3 times and it's gross profit is 18.5% (considered excellent).

Posted by Patrick Sim > 2017-08-21 15:10 | Report Abuse

Chinwell reported a lower cumulative profit-before tax of RM51.03 million recorded in the 3rd quarter of the financial year ending 30 June 2017 compared to RM56.81 million for the corresponding period of previous financial year.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-08-21 23:02 | Report Abuse

10% lower profit only, not too bad actually. But let market decides the share prices.

Posted by Patrick Sim > 2017-08-22 11:22 | Report Abuse

The shortage of steel-based raw materials such as hot-rolled and cold-rolled coils will fuel Chin Well Holdings Bhd’s growth in the financial year ending June 30, 2018 (FY18).

Group executive director Tsai Chia-ling told StarBiz that due to the Urban China Blue Sky project, the output of the steel-based product manufacturers would be reduced.

“The affected are those equipped with old production processes, which are unable to cut carbon emissions to meet the requirements of the Urban Blue Sky Project.

“The market has been experiencing a shortage of steel-based raw materials for the past three months, which is expected to worsen by year-end.

“We expect the bulk of the orders for fasteners to come in late-2017,” she added.

Read more at http://www.thestar.com.my/business/business-news/2017/08/21/steel-material-shortage-to-fuel-chin-wells-growth/#KJffEAygGBWfGeRs.99

hueyyng27

298 posts

Posted by hueyyng27 > 2017-08-23 10:21 | Report Abuse

the Quarter 4 report should release within these few days

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-23 11:13 | Report Abuse

Disappointment qtr result to be expected! Nothing surprise

ELTcap

283 posts

Posted by ELTcap > 2017-08-23 17:08 | Report Abuse

Run

andr

466 posts

Posted by andr > 2017-08-29 09:54 | Report Abuse

Is Q4 out yet? why some talk as if they have seen it

Posted by Kai Shien Ks > 2017-08-29 17:36 | Report Abuse

result out...tomorrow gap down

jibbie

762 posts

Posted by jibbie > 2017-08-29 19:40 | Report Abuse

poor result as expected. but long term prospects look good

ELTcap

283 posts

Posted by ELTcap > 2017-08-29 21:32 | Report Abuse

Byebye

lloydlim

3,970 posts

Posted by lloydlim > 2017-08-29 22:41 | Report Abuse

Gap down tomorrow for sure but will HALLEY SICAV absorb all de selling pressure is an interesting question now.

Davidl

1,816 posts

Posted by Davidl > 2017-08-30 17:21 | Report Abuse

Haha, managed to add some at 1.75

Davidl

1,816 posts

Posted by Davidl > 2017-09-02 10:46 | Report Abuse

Wohoo...Chinwel also bought back its own share at 1.75!

lloydlim

3,970 posts

Posted by lloydlim > 2017-09-05 12:45 | Report Abuse

Time to accumulate!

lloydlim

3,970 posts

Posted by lloydlim > 2017-09-05 17:18 | Report Abuse

It seems like getting well support at 1.72

andr

466 posts

Posted by andr > 2017-09-06 08:54 | Report Abuse

30 Aug 2017 Immediate Announcement on Shares Buy Back

hueyyng27

298 posts

Posted by hueyyng27 > 2017-09-06 17:27 | Report Abuse

PROSPECT : The market outlook for the Group is expected to remains challenging in the next financial year. The main factors that may affect
the Group's performance will be the trend of the market demand in addition to the volatility of the raw material price. The
unexpected market movement and rapid changes in the raw material cost will affect the production volume, product cost and
bottom line of the Group. In order to cushion the stress from the safeguard duty which imposed by the Malaysian government
towards the end of the financial year on the wire rod imported from China, the Group had sourced its raw material from other
alternative countries such as the Middle East and Vietnam which are duty exempted and without compromising the quality of our
products. Application to the authorities for the exemption of the duty is in the progress with the hope to obtain the approval in the
next financial year.
In addition to the existing core business, from time to time, the Group will explore into other new business ventures which will
potentially benefit to the growth of the Group.
Barring any unforeseen circumstances, the Group anticipates satisfactory performance in the next financial year

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