On 13 July 2017, CWG Holdings Berhad (“CWG”) made its trading debut on the Main Market of Bursa Malaysia Securities Berhad with the assumption of listing status by CWG from Chee Wah Corporation Berhad (“Chee Wah”) upon the completion of share exchange on 30 June 2017. This is another major milestone for Chee Wah since its humble inception more than 62 years ago.
The reorganisation has facilitated the establishment of a corporate structure whereby CWG, as a holding company, now own 100% of Chee Wah. Chee Wah was listed on the Bursa Malaysia Securities Berhad (then known as Kuala Lumpur Stock Exchange) on 1 September 1994.
Our Group has grown its business activities from trading in the early years to a fully integrated manufacturing and distribution specialist well known for its wide range of premium quality paper-based stationery. Its subsidiaries are also involved in the supply and distribution of non-paper based stationery, gift paper as well as pre-school educational materials. Together, CWG Group stands out as an integrated stationery supplier to wholesalers and retailers. Our products are exported to about 58 countries and in tune with the rising market demands, we have also diversified into packaging products for food and beverages medical, electronics & electrical boxes, manuals and other consumer products.
DATUK HONG CHOON HAU Group Executive Director Datuk Hong Choon Hau was appointed to the Board on 16 February 2022 as Group Executive Director. Datuk Hong obtained a Diploma in Interior Design from PJ Art & Design College and holds a Diploma in Computer Science and Information Technology from Informatics College, Petaling Jaya. Datuk Hong has more than 20 years of working experience in the corporate finance and ICT Technology industries in which he served in various capacities and held various responsibilities such as overseeing business operations, formulating marketing and product planning, securing new business and maintaining business relationships with customers. He has acted as the IT Director of Mosys Technology Sdn Bhd from 2002 to 2004, the Chief Technology Officer of Softcube Sdn Bhd from 2004 to 2007, the Project Director of Giansoft Technology Sdn Bhd from 2008 to 2011, an Executive Director of Play4Fun Sdn Bhd from 2012 to 2014, and the Executive Director and Financial Controller for MyWorld Holdings Berhad from 2014 to 2015. In 2014, Datuk Hong also assumed the position of Independent NonExecutive Director of Sunzen Biotech Berhad, in which he was later re-designated to Executive Director in the same year and served in this capacity from 2014 to 2018, where he was later re-designated to Managing Director from 2018 to 2020, before resigning from the board of directors of Sunzen Biotech Berhad on 16 June 2020. Presently, Datuk Hong is a Non-Independent Non-Executive Director of Watta Holding Berhad. He also serves on the board of directors of several privately held companies. He has no family relationship with any Directors and/or major shareholders of CWG
The stationery sector is facing potential digital disruption. This is best reflected by the ROE of the 4 players in Bursa. You can see that since 2018, except for Pelikan, they have incurred declining ROE.
CWG is no exception with its ROE declining from 14.5 % for FYE 2016 to 5.8 % for FYE 2023. Not surprisingly, its market price declined from RM 0.71 in Dec 2016 to RM 0.34 currently. https://i.postimg.cc/66RFhGHL/Chart-7.png
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....
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Posted by UCanDoIt > 2022-02-28 08:54 | Report Abuse
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3232761