CHIN WELL HOLDINGS BHD

KLSE (MYR): CHINWEL (5007)

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Last Price

1.26

Today's Change

-0.01 (0.79%)

Day's Change

1.26 - 1.27

Trading Volume

13,000


3 people like this.

2,588 comment(s). Last comment by fruitcake 1 hour ago

EngCCCC

257 posts

Posted by EngCCCC > 2020-01-19 16:34 | Report Abuse

@ thesteward noted

Mizi1

120 posts

Posted by Mizi1 > 2020-01-21 15:43 | Report Abuse

Maybe can reach 1.36-1.37 after CNY.

EngCCCC

257 posts

Posted by EngCCCC > 2020-01-23 11:30 | Report Abuse

@ Mizi1 reach 1.36 b4 CNY

Mizi1

120 posts

Posted by Mizi1 > 2020-01-24 06:08 | Report Abuse

@EngCCC CNY early angpow! :P

Mizi1

120 posts

Posted by Mizi1 > 2020-02-27 21:27 | Report Abuse

Sad results. Continue to collect. Heading to 1.2.

Posted by Beginner123 > 2020-02-28 09:43 | Report Abuse

Very sad result...
Worried the price drop below 1.00...

wahd

76 posts

Posted by wahd > 2020-02-28 15:31 | Report Abuse

Drop so much

Surewind

292 posts

Posted by Surewind > 2020-03-01 23:10 | Report Abuse

Although expected the results would not be good but never expect that the share buyback is only 10k lots. Why, does management expecting share price to drop even more??

Mizi1

120 posts

Posted by Mizi1 > 2020-03-06 07:52 | Report Abuse

Worry what will happen in coming Q...

James Ng

2,682 posts

Posted by James Ng > 2020-04-13 08:57 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-04-13-story-h1505930114.jsp
[转贴] [CHIN WELL HOLDINGS BHD:持续的贸易紧张局势和全球市场的不确定性导致当前财政期间的营业额下降,订单也推迟到未来;由于市场竞争激烈,这集团不得不降低其产品的售价] - James的股票投资James Share Investing

wahd

76 posts

Posted by wahd > 2020-06-03 18:05 | Report Abuse

When the Q3 result out ?

Mizi1

120 posts

Posted by Mizi1 > 2020-06-03 21:12 | Report Abuse

Suppose last week but I think this Friday lo...

Mizi1

120 posts

Posted by Mizi1 > 2020-06-05 22:12 | Report Abuse

apologize for my wrong guessing.... XP

Mizi1

120 posts

Posted by Mizi1 > 2020-06-27 18:15 | Report Abuse

Disappointing results

wahd

76 posts

Posted by wahd > 2020-07-02 10:45 | Report Abuse

For me its acceptable for current situation

funitec

639 posts

Posted by funitec > 2020-07-30 14:41 | Report Abuse

Management buy 1.00,1.01. I expect 1.15 coming.

joey

72 posts

Posted by joey > 2020-08-09 23:22 | Report Abuse

any updates

beeyeng

5 posts

Posted by beeyeng > 2020-08-13 12:07 | Report Abuse

good timing to invest now ? can hold long term just to earn their dividend?

Mizi1

120 posts

Posted by Mizi1 > 2020-08-18 15:28 | Report Abuse

this is super long time hold.... :)

Mizi1

120 posts

Posted by Mizi1 > 2020-08-26 22:15 | Report Abuse

fui yo!! PE over take TG!

Flyinghorse

3,655 posts

Posted by Flyinghorse > 2020-10-23 12:59 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098808

Share buy back. Total 10%. Lets wait for the approval next month.

Flyinghorse

3,655 posts

Posted by Flyinghorse > 2020-10-24 09:09 | Report Abuse

Just buy and keep for long term

mf

27,901 posts

Posted by mf > 2020-10-26 23:26 | Report Abuse

Dow drops 700 points, on pace for its worst day since early September

hkimbrs

41 posts

Posted by hkimbrs > 2020-11-20 22:12 | Report Abuse

Still sleeping?

Posted by Devilsadvocatee > 2020-11-23 22:36 | Report Abuse

The Company wishes to announce that Chin Well Service Centre Sdn. Bhd. (“CWSC” or “the Plaintiff”), a wholly-owned subsidiary of CWHB had, on 23 November 2020, filed a Writ of Summon and a Statement of Claim dated 23 November 2020 in the High Court of Malaya at Pulau Pinang against the Defendants through a firm of lawyers acting on its behalf.



Particulars of the claims against the Defendants and circumstances leading to the filing of the Writ and Statement of Claim dated 23 November 2020



(a) The Plaintiff placed orders of various steel products (“Products”) with the 1st and 2nd Defendants on diverse dates in 2019 and 2020 for the Defendants to deliver the Products to NBH Service Centre Sdn. Bhd. (“NBHSC”).



(b) On the Defendants producing Invoices accompanied by delivery orders affording evidence of the delivery of the Products to NBHSC the Plaintiff was induced to pay the Defendants the aggregate sum of RM26,340,980.00 (“the Purchase Consideration”) for the Products.



(c) The payment of the Purchase Consideration to the Defendants was made in discharge of the Plaintiff’s obligations as a buyer and it was only upon NBHSC denying receipt of the Products purportedly because of the non- delivery of the Products that the filing of this action has become necessary.



(d) To date, the Defendants have not denied receiving the Purchase Consideration without delivering the Products to NBHSC as required under their contract with the Plaintiff



(e) Wherefore, the Plaintiff is claiming the sum of:



RM15,288,100 against the 1st Defendant;
RM11,052,880 against the 2nd Defendant; and
Such further and other relief and order the Honorable Court deems fit.


Financial and Operational Impact



There is no significant impact on the Group's cash flow and operation except that the revenue of CWSC will be lower in the current financial year ending 30 June 2021 as compared to the immediate preceding financial year ended 30 June 2020.



Expected losses to the Group, if any



The Group may be exposed to a loss of RM26,340,980.00 in the event CWSC fails to recover the sum from the Defendants.



This announcement is dated 23 November 2020.

Posted by Devilsadvocatee > 2020-11-23 22:39 | Report Abuse

Hmm. Is Chin Well functioning like a trading house to arrange for other trading house to deliver products to their customer? To pay 26mil for fake delivery orderz is quite mind blowing...

Posted by Devilsadvocatee > 2020-11-23 23:25 | Report Abuse

On top of that, it's a writ of summon against TWO companies.. what are the chances these two companies produce fake delivery order to the 3rd party.. hmm..

Raining

4 posts

Posted by Raining > 2020-11-30 07:23 | Report Abuse

The chairman informed at the AGM that the chances of getting the 26 million back is high.

ykloh

510 posts

Posted by ykloh > 2020-11-30 08:39 | Report Abuse

Obviously a criminal case. Strange that no police report has been made.

eesquare

105 posts

Posted by eesquare > 2020-11-30 14:11 | Report Abuse

@Raining Nobody knows, I have already factored in a 50/50 win loss for this business. That will be approximately 13m. I just cannot fathom how two different companies chose to deceive ChinWell at the same time for a whopping 26m and succeeded. Surely, there are some s.o.p on verifying the received goods from the customer before paying out to the supplier right?

eesquare

105 posts

Posted by eesquare > 2020-11-30 14:13 | Report Abuse

@ykloh you are probably right. I sense something fishy but I am reserving my judgement. Sucks to be a new shareholder.

eesquare

105 posts

Posted by eesquare > 2020-12-17 09:50 | Report Abuse

@ Raining - Is this another Writ of Summon? The amount claim is different and the defendant is also different. What's going on..

Raining

4 posts

Posted by Raining > 2020-12-17 09:59 | Report Abuse

Yes, it is another writ of summon. I am also wondering what happened to this company...

Mizi1

120 posts

Posted by Mizi1 > 2020-12-26 23:15 | Report Abuse

Her father & uncle still around managing....just dont know why this counter so many story lately.

1009

2,015 posts

Posted by 1009 > 2020-12-28 11:37 | Report Abuse

AMD CEO ... Female, powerful manage

1009

2,015 posts

Posted by 1009 > 2020-12-28 13:47 | Report Abuse

Chinwell CEO Taiwan, AMD CEO Taiwan...

1009

2,015 posts

Posted by 1009 > 2020-12-28 14:49 | Report Abuse

Chinwell是做螺丝的较多,属于下游行业需求。通常会慢一两个月的,虽然目前大马的五金对螺丝的库存还勉强足够应付,但未来他们也会面临螺丝大涨价行情的。需要时间,好东西是后面来的。

1009

2,015 posts

Posted by 1009 > 2020-12-28 15:27 | Report Abuse

Chinwel是多么漂亮的好股票,曾它没大涨,慢慢累积,趁还没大鳄疯狂大炒中
常年稳稳的股息红利,也就是台湾人给股东很好的管理能力证明。
当它未来陆续利好消息发布,那时候才去建仓累积,货就变得特别贵了。
投资的东西,要趁便宜继续慢慢累积,这样才会抓的更稳更远,赚到更大的收益和保障。

Posted by Start_0f_the_bull > 2020-12-28 19:08 | Report Abuse

Bolts and nuts price will increase because price increase of raw materials steel.
This should be another stock not to be ignored.

Mizi1

120 posts

Posted by Mizi1 > 2020-12-31 09:54 | Report Abuse

Have chance to visit their factory in Butterworth. Cost conscious. However, watch out on recent court case which might impact the EPS.

Johnmajor

255 posts

Posted by Johnmajor > 2021-01-14 14:02 | Report Abuse

Limited upside. Offloaded.

Albukhary

2,784 posts

Posted by Albukhary > 2021-01-16 02:33 | Report Abuse

管理层太烂了,怎么会给人骗了几千万还后知后觉。
一定是有内鬼,内外勾结。
你的生意量才几亿,哪里可能不小心被骗了几千万。
如果你说你的生意是几十亿,几百亿,那还有可能不小心看漏了。

1009

2,015 posts

Posted by 1009 > 2021-01-17 22:35 | Report Abuse

哈哈…你想太多了。
证明Chinwell的产品是好东西,才会有无良的商家想尽办法去骗啦。
所以意外总会有的,但将会变成一种好事。
以后再管理的更优秀一点,一切都可以将功补过。
往前看吧,回往过去的指责是没有任何意义的,
不如花更多精力让生意做的更好更严谨一点,加油。

fusing79

101 posts

Posted by fusing79 > 2021-02-23 21:38 | Report Abuse

Mizi1 may i know how can an ordinary person visit a factory. can teach ? i wish to visit some factory as well

Mizi1

120 posts

Posted by Mizi1 > 2021-04-13 17:07 | Report Abuse

join the AGM, at the end of the meeting, ask permission from the MD.

dompeilee

11,888 posts

Posted by dompeilee > 2021-04-20 14:44 | Report Abuse

dompeilee Bought Chinwell @ 1.39
07/01/2020 3:11 PM

Finally even this stock of mine also on the verge of going +ve =)

Dakewlest

1,748 posts

Posted by Dakewlest > 2021-04-21 18:47 | Report Abuse

Can stil in? Price naik banyak dah...

Delone

11 posts

Posted by Delone > 2021-04-21 19:00 | Report Abuse

price high will go higher, just set your plan and if broke support than cut lo

AllYouCanBuy

2,060 posts

Posted by AllYouCanBuy > 2021-04-24 10:28 | Report Abuse

Closed 1.42. Price is uptrend.

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