CHIN WELL HOLDINGS BHD

KLSE (MYR): CHINWEL (5007)

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Last Price

1.27

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


3 people like this.

2,586 comment(s). Last comment by garychee8 6 days ago

CFTrader

812 posts

Posted by CFTrader > 2022-05-27 19:31 | Report Abuse

Hahaha tell me is that a rubbish ?

Pinky

3,257 posts

Posted by Pinky > 2022-05-27 19:59 | Report Abuse

Management already given very clear indication in last Q report that 2022 will be a wonderful year for the company. They did not disappoint!

Weechichi

433 posts

Posted by Weechichi > 2022-05-27 21:46 | Report Abuse

fantastic QR, annualise it will be 31sen diluted EPS. at 1.49, the Company is trading at about 4.8X annualised PE. 4.8x..HEHE..Cheers..

Posted by treasure_seeker > 2022-05-27 22:01 | Report Abuse

yup.. cantik sangat

Posted by wallstreetrookie > 2022-05-30 09:09 | Report Abuse

Chinwell + Coastal + Harbour
Portfolio of the Year

Weechichi

433 posts

Posted by Weechichi > 2022-05-30 10:04 | Report Abuse

chin well.. chin jiak doing well.. annualised PE 4.8X how to find. lol.

Posted by jebonbursa > 2022-05-30 11:58 | Report Abuse

chin well wow

Weechichi

433 posts

Posted by Weechichi > 2022-05-30 13:58 | Report Abuse

With this improved performance, NAV improved to 2.2. I reckon it's a matter of time before it will trade close to its book value. With lots of buffers given its low PE it's trading now. DYODD. cheers.

Posted by wallstreetrookie > 2022-06-01 15:19 | Report Abuse

Weechichi is here. Sell

Pinky

3,257 posts

Posted by Pinky > 2022-06-01 17:14 | Report Abuse

glad to have entered this counter

CFTrader

812 posts

Posted by CFTrader > 2022-06-02 15:56 | Report Abuse

Tell me this is rubbish again ? Hahahaha.
By reading balance sheet you can easily spot a gem like this

Posted by wallstreetrookie > 2022-06-02 16:15 | Report Abuse

RIP

Posted by wallstreetrookie > 2022-06-02 16:15 | Report Abuse

It is time to buy

Posted by wallstreetrookie > 2022-06-02 16:16 | Report Abuse

Don't worry. It is still cheap

Posted by wallstreetrookie > 2022-06-02 16:29 | Report Abuse

20 more cents and we go back to net asset value

Weechichi

433 posts

Posted by Weechichi > 2022-06-02 16:30 | Report Abuse

easy like pieace of cake. cheers.

Pinky

3,257 posts

Posted by Pinky > 2022-06-02 16:52 | Report Abuse

Fuiyo nice!

VTrade

2,434 posts

Posted by VTrade > 2022-06-02 20:22 | Report Abuse

Nice 10%
Air liur pun keluar

Icon 888

2,225 posts

Posted by Icon 888 > 2022-06-02 23:13 | Report Abuse

Wow wow

Posted by wallstreetrookie > 2022-06-03 09:09 | Report Abuse

VTrade gonna distribute again. This cunning fox

Pinky

3,257 posts

Posted by Pinky > 2022-06-03 09:36 | Report Abuse

Who is VTrade? Ikan jerung ka?

dchin472

325 posts

Posted by dchin472 > 2022-06-03 12:27 | Report Abuse

coastal,harbour and chinwel got the same major shareholder

Posted by wallstreetrookie > 2022-06-07 09:13 | Report Abuse

Let's go Chinwell

Pinky

3,257 posts

Posted by Pinky > 2022-06-07 09:44 | Report Abuse

let's break 1.90

Pinky

3,257 posts

Posted by Pinky > 2022-06-08 09:46 | Report Abuse

@fruitcake what talk u??? spamming

Pinky

3,257 posts

Posted by Pinky > 2022-06-08 10:51 | Report Abuse

don't be scared into selling. hold

Pinky

3,257 posts

Posted by Pinky > 2022-06-08 15:35 | Report Abuse

Morning session was a trap. Uptrend continues...

Posted by reezdragon85 > 2022-06-14 09:25 | Report Abuse

all weak holders please sell ur ticket to me at lower price

Posted by ironstockhunter > 2022-07-07 15:23 | Report Abuse

close one eye, open one eye, no eye see

Pinky

3,257 posts

Posted by Pinky > 2022-07-08 09:32 | Report Abuse

What no well again ha?

Pinky

3,257 posts

Posted by Pinky > 2022-07-18 10:54 | Report Abuse

if u so dislike this stock just sell la

what a nuisance

Pinky

3,257 posts

Posted by Pinky > 2022-08-01 11:52 | Report Abuse

BUY

Pinky

3,257 posts

Posted by Pinky > 2022-08-05 10:03 | Report Abuse

BUY

Posted by enlistcapital > 2022-08-06 17:08 | Report Abuse

One Up on Malaysia’s Steel Industry

While there are many well-intentioned contents published on stock forums, some of them are simply based on writers' opinion and understanding may end up become inaccurate or mispresented, so to speak.

That being said, I do not wish to point fingers or lay blames to any parties, and I hope whatever I shared in this article could brighten up our reader’s mind.

To begin with, there are generally two types of steel industries player in Malaysia, namely the manufacturers and/or value add companies, and those who involved mainly in the trading and wholesaling business.

As for the value chain, the photo taken from Bulatlat had presented well on how it works.

https://www.bulatlat.com/2016/09/21/buildfilipino-developing-local-ste...

Posted by enlistcapital > 2022-08-06 17:08 | Report Abuse

Generally, Malaysia did not involve much in the iron ore mining industry, as our country’s mineral mining sector recorded a gross output value of MYR3.5 billion, out of which RM1.7 billion is attributable to bauxite and ilmenite mining (2016, Mining and Quarrying Economic Census).

And according to Trading Economics, https://tradingeconomics.com/malaysia/mining-production the mining production in Malaysia had averaged a 0.75% drop from 2011 until 2021. Hence, we do not see much iron mining activities ongoing on Bursa.

Posted by enlistcapital > 2022-08-06 17:08 | Report Abuse

While investors would generally refer “steel” prices on CNY-based rebar, which is the first search result one could find when you googled “steel prices”, flat steel and value-added products such as hot rolled coil and cold rolled coil data is relatively harder to be found. Hence, there are many misunderstood on the pricing – which is completely understandable especially for those who are new to the market.
You could also see that the application of long steel such as rebar and flat steel are much different.

Understandably, the prices for “steel” are constantly fluctuating alongside with supply and demand.

While many could argue that “steel” prices had went down from its high, the value of construction work done alone in 2022 Q1 in Malaysia had amounted to RM29.5 billion – steel, being one of the key construction materials, is poised to see an increase of demand, and at the current juncture, it is still considerably profitable for steel players in Malaysia.

For manufacturers in Malaysia, they are generally applying to a costs-plus model in terms of factoring their prices. In other words, as long as the management had been keeping a close eye on steel prices and manage their inventories well, the company should remain buoyant against the price fluctuation headwinds, while preparing rigorously for the next upcycle.

For number crunchers, we need to relook at the term “Revenue” , which obviously was made up of 2 aspects for steel companies, namely the volume supplied and selling price of the products.

In weaker steel prices time, the manufacturer or trader could rack up their volume to cover up fixed costs as well as enhance their margins, and during the steel upcycle, they could enjoy both at once. It all comes down to how well the company was managed, especially on the inventory level.

Posted by enlistcapital > 2022-08-06 17:09 | Report Abuse

Speaking of which – inventories could make a difference on the profit and loss statement, but for obvious reasons it would depend on when the goods were sold. Do bear in mind, that these inventories are not like your properties, which one could revalue to inflate its bottom line, but instead, it needs to be sold then only its bottom line can be concluded which is always tied back to the timing of sales.

Of course, for slow moving inventories and those inventories which are below its net realisable value, the steel manufacturers and/or traders may even need to impair or setting up an allowance for impairment on the books!

Therefore, I was amazed when investors are touting the idea of steel companies inflating their numbers by not doing anything on their inventories.

However, for investors, it is always about the return on investment. We all know that the stock market generally had a 6-12 months forward nature in pricing and valuation, and that would very well explain the current valuation of the steel companies. Coupled with hampered investors sentiment, there you go, low single digit PE steel companies.

It is wise for investors to normalize the company profit, and to certain extent – try to wait out for a low for companies who managed their cash flow well.

Posted by enlistcapital > 2022-08-06 17:09 | Report Abuse

Oh! Speaking of which, cash flow and debt is another commonly debated issue in the steel industry.

I think many investors may understand the basics of working capital, but not the concept of trade financing. You see, in a capital-intensive business, it is sometimes cheaper to raise a super short-term borrowing of 30 to 120 days in order to secure customers and better margins.

This is common that steel industry, or commodities related companies on Bursa had over a great deal of their debt in short-term trade financing, which is lower in financing costs, as it was prorated.

It is just sad to see that investors are injudiciously and blatantly claiming that steel makers would raise borrowings just to pay dividends to attract investors. Dividends are generally approved by the board members while for final dividends, shareholders’ approval need to be sought. The board members which also consists of independent directors must have closely monitor the cash flow of the company before approving it.

So much for saying debt-for-dividend.

I think investors need to be fair in justifying the profit and loss, as well as cash flow movement of any steel companies in Malaysia before crowning an undervalued or overvalued statement over them. It is simply irresponsible.

Remember, what is undervalued now can be overvalued in 6-12 months’ time, and vice-versa.

Cheers!

Pinky

3,257 posts

Posted by Pinky > 2022-08-08 09:37 | Report Abuse

buy

Pinky

3,257 posts

Posted by Pinky > 2022-08-08 16:14 | Report Abuse

I lose

Pinky

3,257 posts

Posted by Pinky > 2022-08-09 12:58 | Report Abuse

Buy. More upside

dragon328

2,036 posts

Posted by dragon328 > 2022-08-09 15:02 | Report Abuse

Chinwell is very undervalued at PER of less than 6.0x and dividend yield over 6.6%.

9 month net profit already amount to RM68 million with 3QFY2022 at record net profit of RM30 million. Full year net profit will easily reach RM90 million or EPS of 32 sen.

9 month free cashflows totalled RM80 million, annualised to RM106 million or 37.0 sen per share. Already in net cash position as of 31 Mar 2022, Chinwell will be able to declare high dividends.

Assuming 60% dividend payout rate, Chinwell can easily declare annual dividends of 19 sen per share, or just using 52% of its annual free cashflows. Net cash position will build up even further by almost RM50 million every year.

garychee8

371 posts

Posted by garychee8 > 2022-08-10 10:30 | Report Abuse

drop more buy more...

Pinky

3,257 posts

Posted by Pinky > 2022-08-11 10:14 | Report Abuse

Bargain. Buy

dragon328

2,036 posts

Posted by dragon328 > 2022-08-11 14:12 | Report Abuse

one of the most undervalued growth stocks

dragon328

2,036 posts

Posted by dragon328 > 2022-08-11 20:48 | Report Abuse

I wouldn't mind to collect steady 15 sen dividends every year even though its share price remained at RM1.80-2.00 for next few years

Pinky

3,257 posts

Posted by Pinky > 2022-08-11 21:34 | Report Abuse

@dragon328 +100

Dividends are part of investment returns

Pinky

3,257 posts

Posted by Pinky > 2022-08-15 09:36 | Report Abuse

just buy. will rise again with good dividends

Pinky

3,257 posts

Posted by Pinky > 2022-08-16 11:44 | Report Abuse

dividend is coming hehehe

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