In the past annual reports, the director shareholding section shows that Chairman Ng holds zero share in the company (refer page 131 of 2021 Annual Report). Rightfully the disclosure should have extended to his immediate family.
Madam Tan Geok Lan was actually the no. 16 shareholder as of 31 Dec 2021 (refer page 132). In fact her name has been on the top 30 shareholding list since as far back as 2011.
Company that producing - around RM 160 million worth of revenue - churning out around RM 40 million of profit - among that, literally all the profit is in Free Cash Flow - little to minimal Capex is required - growth story : JV with Trelleborg + factory 3 kick in (+70% of production)
Selling at a price of RM 622 million
____________________ I bought this stock since 2016 , still waiting for the damn growth ... 万事具备,只欠东风.... (Everything is ready, just waiting for the chance)
Wellcall兄, 你的成长在哪里呢 .... (Where are your growth, bro WELLCAL)
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.
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
"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."
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....
amateurJR
2,366 posts
Posted by amateurJR > 2022-01-13 14:19 | Report Abuse
Is time for profit taking for short term players