Posted by StevenKhoo111 > 2022-04-22 11:29 | Report Abuse

Forming uptrend.

Posted by StevenKhoo111 > 2022-04-26 15:17 | Report Abuse

Nice, going up again.

Posted by tinkerbell2 > 2022-04-29 11:34 | Report Abuse

Go up so little only... but recently food related industry is doing good. Food Discharge Hose is having high demand (spare and minor expand) to speed up food supplies due to Russia and Ukraine issues still unsolved.

Posted by amateurJR > 2022-05-05 14:23 | Report Abuse

steady pun bibi la. now holding this stock with capital appreciation + consistent dividend

Posted by tinkerbell2 > 2022-05-05 17:35 | Report Abuse

More consistent than blue chips stocks

Posted by amateurJR > 2022-05-10 09:33 | Report Abuse

Who cares botak sell or buy. That guy is just a small ikan bilis in market. Haha

Posted by Nepo > 2022-05-12 22:17 | Report Abuse

Why botak sold this share? Can share the info or not?

Posted by tinkerbell2 > 2022-05-17 11:17 | Report Abuse

He got his own way.... We got our way too... Ignore botakChen

Posted by lomas > 2022-05-28 10:06 | Report Abuse

Who is botak Chen?

Posted by terence775 > 2022-06-01 10:10 | Report Abuse

Wellcall management is having a briefing open to public at 10.30am today
join here to listen to the management
https://www.youtube.com/watch?v=ulH24rI0r5g&ab

Posted by shavemyfurm > 2022-06-02 12:50 | Report Abuse

Thanks for the sharing..

Posted by StevenKhoo111 > 2022-06-20 09:50 | Report Abuse

Above 1 still looks good...

Posted by tinkerbell2 > 2022-06-20 14:29 | Report Abuse

Wait for next dividend and buy in wellcall again

Posted by Nepo > 2022-07-04 20:54 | Report Abuse

Botak chen, useless person

Posted by amateurJR > 2022-08-23 17:43 | Report Abuse

Good Qtr

Posted by amateurJR > 2022-08-30 18:44 | Report Abuse

Steady pun bibi

Posted by Nepo > 2022-09-29 19:36 | Report Abuse

Poor man sailing on the sea..

Posted by Nepo > 2022-10-12 10:06 | Report Abuse

Another two plunges will reach at RM 0.88, my favourite number.

Come on, i shall standy to catch this falling knife

Posted by amateurJR > 2022-10-13 09:38 | Report Abuse

Haha. 0.88? sure boh

Posted by amateurJR > 2022-10-13 09:38 | Report Abuse

Not even touching my cost yet. Please wash more lo

Posted by Yeap1111 > 2022-10-19 19:32 | Report Abuse

Hi anyone know abt the reason behind the changes in boardroom. Kindly explain thanks

Posted by Nepo > 2022-10-28 11:24 | Report Abuse

no worry, just posts reshuffling.
buy in NOW, rare opportunity at this price.
Just now I topped up @ RM 1.12
Hurry catch the knives before it moves up..upp

Posted by Nepo > 2022-10-28 11:40 | Report Abuse

Trust me once

Posted by Nepo > 2022-10-28 11:58 | Report Abuse

Quote:-

"New product offering to spur long-term growth
Wellcall joint venture (JV) agreement with a Swedish company, Trelleborg Holding AB (Trelleborg) to manufacture, market, and sell composite hose and fittings is another driver for the group’s long-term growth.

A market research company Dataintelo stated that the Global Rubber Hose Market was valued at US$9.4bn in 2021. In addition, according to MarketsandMarkets, the industrial hose market is expected to grow at a 9.9% CAGR from the year 2020 to 2025 to be driven by a broad-based demand from the oil and gas, construction, manufacturing, agriculture, and automobile sectors. The industry is also expected to gain from the recovery of the oilsector, thanks to solid demand post-COVID-19 crisis. This is expected to be spurred as well by demand from industrial rubber hoses given its ability for higher suction and delivery for both the upstream and downstream products in the industry. This will be further aided by a growing global demand for automobiles given an expected rise in global automobile sales. Note that demand for industrial rubber hoses was intact during the COVID-19 pandemic thanks to pharmaceutical manufacturing facilities which required the application of chemical and gas hoses to produce medical supplies globally. Encouragingly, the Asia Pacific region is expected to contribute the largest share of the industrial hose market with a projected 10.8% CAGR by 2025. This, among others, will be driven by its high population density, growing per capita income, large-scale industrialization and urbanization, focus on the agriculture sector, and an upsurge in industrial development.

Excellent fundamental track records
Wellcall’s EBITDA margin ranged from 29% to 34% since FY17 to FY21 and this is set to continue in the foreseeable future. The group’s attractive dividend policy which is based on a 50% payout policy presents an attractive dividend value proposition for investors."

Posted by dragon328 > 2022-10-28 12:04 | Report Abuse

Nepo, I trust you. I have also added. This is a well managed company with tremendous growth over many years to come.

Posted by dragon328 > 2022-10-28 12:06 | Report Abuse

I was hoping to collect towards 1.02 but it looks like no chance for now, so just buy at 1.12

Posted by Nepo > 2022-10-28 12:19 | Report Abuse

yes, I actually waiting for RM 0.88, but seem no hope
last night i watched Botak Chen's youtube explained the external auditor issue, i will post the link here to share with those who are interested.
Because of that youtube i jump in today as it seems no hope to plummet to RM 0.88...

Posted by Nepo > 2022-10-28 12:22 | Report Abuse

https://www.youtube.com/watch?v=jI5IgjI_Fxo&t=29s

Posted by avenirlearning > 2022-11-12 10:02 | Report Abuse

https://www.avenir-learning.com/wellcall-holdings-bhd-wellcal-analysis/ Wellcall Holdings Bhd WELLCAL – Higher revenue to be offset by temporary cost pressures

Posted by dragon328 > 2022-11-12 15:10 | Report Abuse

thanks avenirlearning for the article above. As can be seen in the charts in the article, latex costs have come down by 15% to 20% in Jul-Sep 2022 quarter from the June 2022 quarter.
About 60% of Wellcall's cost of sales is raw material cost, so if I take a 15% reduction in latex costs in Sept qtr, the company cost of sales will have dropped by RM31.9m x 60% x 15% = RM2.9 million, and profit before tax will have increased by the same.

Posted by dragon328 > 2022-11-12 15:12 | Report Abuse

91% of Wellcall revenue is export based. As ringgit has depreciated by over 10% against US dollars in Q4FY2022, so revenue for Q4 will have increased by RM47.1m x 10% = RM4.7 million which will flow thru to the bottom line almost entirely.

Posted by dragon328 > 2022-11-12 15:17 | Report Abuse

So I forecast that Wellcall will post a record quarterly pretax profit of close to RM13.9m + (2.9+4.7)x80% = RM20.0 million for the upcoming Q4FY2022.

I assume that Wellcall shall be able to realise 80% of the benefits from lower latex costs (as the company might have bought forward some at higher prices) and weaker ringgit (as the company might some negative effect in entry costs from the weaker ringgit).

Posted by dragon328 > 2022-11-12 15:19 | Report Abuse

I have not yet factored in any contribution from its JV with Swedish company Trelleborg in producing composite hoses which hold much hopes in driving long term growth of the company

Posted by Nepo > 2022-11-30 19:13 | Report Abuse

Latest QR result maintain
Still look ok

Posted by dragon328 > 2022-11-30 20:36 | Report Abuse

Earnings would have increased by 4% y-on-y if not for a one-off impairment loss. Good thing is this impairment is non cash, with operating cashflows remain strong at RM38.9 million for the year, and net cash holding of RM62 million with no debt.

Posted by dragon328 > 2022-11-30 20:37 | Report Abuse

I have over-estimated the positive effect of weak ringgit and lower input costs.

Apparently the management chose to pass on the benefits of lower input costs and weaker ringgit to the customers in order to retain long term customers.

Posted by observatory > 2022-11-30 22:57 | Report Abuse

Revenue at RM47m is roughly the same as last quarter and a year ago. This is due to "resheduling delivery of shipment from certain customers". I suspect some of their customers have inventory problem.

Wellcall has also fully impaired its investment in the JV with Trelleborg. This happened after posting 12 quarters of losses probably due to depreciation. I suspect the JV has not generated any revenue.

One good thing is the company returns all unused cash to shareholders. Payout ratio was above 90% for most of the years. It reached 102% in FY21 and 105% in FY22. Current dividend yield is 5.8%.

However the flipside of high payout is limited growth. Excluding the effect of foreign exchange, net profit has been fluctuating in the range of RM30m to RM37m since FY2015.

Posted by dragon328 > 2022-12-01 15:14 | Report Abuse

@Observatory, you are probably right that Wellcall may have fully impaired its investment in the JV with Trelleborg, which is a disappointment.

The good thing is that the amount of investment is not big.

Agree that Wellcall's growth will be tepid in near term, as the JV does not take off.

Will need to wait for other JV or breakthrough in technology for the next quantum leap in growth

Posted by amateurJR > 2022-12-01 17:03 | Report Abuse

One of my most steady stocks. Still holding at paper gain and consistently get dividends while sleeping well every night

Posted by Growthseeker > 2022-12-02 11:02 | Report Abuse

somewhat a disappointing QR but still a good dividend stock to hold....should be brighter days ahead, hopefully no more impairment loss again...price still holding up after a lackluster QR, hope it will continue to move upwards.

Posted by StevenKhoo111 > 2022-12-05 20:15 | Report Abuse

Good in dividend but growth ? Hopefully can make it both <3

Posted by AhKeat2018 > 2 months ago | Report Abuse

When can back to 1.20 level?

Posted by amateurJR > 2 months ago | Report Abuse

Haha kena trapped?

Posted by 521onepiece > 2 months ago | Report Abuse

who are its direct competitors?

Posted by Knownfact > 1 month ago | Report Abuse

Anyone attending the coming AGM?
Is it unusual to pay non executive directors monthly fees of up to Rm1.5mil

Posted by amateurJR > 1 month ago | Report Abuse

Another round of consistent earning & dividend

Posted by Nepo > 1 month ago | Report Abuse

Prospect
The Board is optimistics that the Group will remain resilient and able to sustain its market share and positioning despite the challenges ahead in the
global economy. The Group will continue to manage its operating costs and market share by responding swiftly to the fluctuation of supply and demand
chain mechanism especially the elasticity of pricing arising from the freight and raw material costs. Nevertheless, the Group is positive towards the high
demand for low and medium pressure industrial rubber hose that enables the Group to sustain and widen its market base positioning.
Barring of unforseen circumstances and the vibrancy of the global economy sentiment, the Board believes that the Group's future prospects in the
financial year ending 30 September 2023 continues to remain positive especially with the continuation of gradual increase in the momentum of global
demand for industrial rubber hoses.

Posted by Fundamental Trader > 3 weeks ago | Report Abuse

DEBT LOW ☑
CASH LIQUIDITY ☑
REVENUE GROWTH ☑
PROFIT GROWTH ☑
FREE CASH FLOW GROWTH ☑
UNDERVALUE ☑
TREND ☑
LOW RISK/REWARD SETUP ☑

Posted by amateurJR > 3 weeks ago | Report Abuse

Happy to see fundamental trader is here

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 day ago | Report Abuse

Security LastPr PE DY% Divcts ROE ttm-marg
WELLCAL (Industrial Materials) 1.12 16.26 6.3 7 28.71 18.1