CHIN WELL HOLDINGS BHD

KLSE (MYR): CHINWEL (5007)

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Last Price

0.93

Today's Change

0.00 (0.00%)

Day's Change

0.93 - 0.93

Trading Volume

4,400

Financial

Show?
Last 10 FY Result
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Revenue 423,736 365,791 343,655 456,452 657,838 491,655 535,784 680,729 591,294 521,288 508,134 502,420 -4.12%
PBT -15,692 3,307 10,596 52,280 122,206 33,080 7,303 68,822 66,736 62,118 74,801 57,147 -17.06%
Tax -2,852 -1,500 -1,577 -12,891 -26,249 -9,687 -4,883 -11,245 -10,852 -11,259 -11,432 -7,694 -16.13%
NP -18,544 1,807 9,019 39,389 95,957 23,393 2,420 57,577 55,884 50,859 63,369 49,453 -17.21%
-
NP to SH -18,472 1,876 9,089 39,461 95,989 23,393 2,420 57,577 55,884 50,859 63,369 40,735 -15.33%
-
Tax Rate - 45.36% 14.88% 24.66% 21.48% 29.28% 66.86% 16.34% 16.26% 18.13% 15.28% 13.46% -
Total Cost 442,280 363,984 334,636 417,063 561,881 468,262 533,364 623,152 535,410 470,429 444,765 452,967 -3.30%
-
Net Worth 631,031 631,031 661,701 681,755 664,587 580,025 568,582 578,671 548,932 533,168 494,126 425,219 5.03%
Dividend
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Div - 5,041 5,041 15,783 38,385 9,522 4,396 23,058 23,737 20,368 25,455 16,555 -12.36%
Div Payout % - 268.74% 55.47% 40.00% 39.99% 40.71% 181.66% 40.05% 42.48% 40.05% 40.17% 40.64% -
Equity
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 631,031 631,031 661,701 681,755 664,587 580,025 568,582 578,671 548,932 533,168 494,126 425,219 5.03%
NOSH 286,832 286,832 299,533 299,533 299,533 299,533 299,533 299,533 299,533 299,533 299,470 283,479 0.61%
Ratio Analysis
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
NP Margin -4.38% 0.49% 2.62% 8.63% 14.59% 4.76% 0.45% 8.46% 9.45% 9.76% 12.47% 9.84% -
ROE -2.93% 0.30% 1.37% 5.79% 14.44% 4.03% 0.43% 9.95% 10.18% 9.54% 12.82% 9.58% -
Per Share
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 147.73 127.53 119.97 159.35 229.64 170.38 182.81 231.74 199.28 174.03 169.68 177.23 -4.23%
EPS -6.44 0.65 3.17 13.78 33.51 8.11 0.83 19.60 18.83 16.98 21.16 14.37 -15.44%
DPS 0.00 1.76 1.76 5.51 13.40 3.30 1.50 7.85 8.00 6.80 8.50 5.84 -12.46%
NAPS 2.20 2.20 2.31 2.38 2.32 2.01 1.94 1.97 1.85 1.78 1.65 1.50 4.90%
Adjusted Per Share Value based on latest NOSH - 286,832
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 147.73 127.53 119.81 159.14 229.35 171.41 186.79 237.33 206.15 181.74 177.15 175.16 -4.12%
EPS -6.44 0.65 3.17 13.76 33.47 8.16 0.84 20.07 19.48 17.73 22.09 14.20 -15.33%
DPS 0.00 1.76 1.76 5.50 13.38 3.32 1.53 8.04 8.28 7.10 8.87 5.77 -12.34%
NAPS 2.20 2.20 2.3069 2.3768 2.317 2.0222 1.9823 2.0175 1.9138 1.8588 1.7227 1.4825 5.03%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 30/09/24 30/09/24 28/06/24 30/06/23 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 30/06/15 -
Price 1.03 1.03 1.22 1.32 1.70 1.20 1.01 1.80 1.54 1.79 1.45 1.54 -
P/RPS 0.70 0.81 1.02 0.83 0.74 0.70 0.55 0.78 0.77 1.03 0.85 0.87 1.78%
P/EPS -15.99 157.48 38.45 9.58 5.07 14.80 122.32 9.18 8.18 10.54 6.85 10.72 15.23%
EY -6.25 0.63 2.60 10.44 19.71 6.76 0.82 10.89 12.23 9.49 14.59 9.33 -13.22%
DY 0.00 1.71 1.44 4.17 7.88 2.75 1.49 4.36 5.19 3.80 5.86 3.79 -10.18%
P/NAPS 0.47 0.47 0.53 0.55 0.73 0.60 0.52 0.91 0.83 1.01 0.88 1.03 -7.11%
Price Multiplier on Announcement Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 27/11/24 27/11/24 30/08/24 29/08/23 29/08/22 17/09/21 26/08/20 28/08/19 27/08/18 29/08/17 25/08/16 27/08/15 -
Price 0.98 0.98 1.03 1.43 1.76 1.28 1.01 1.73 1.59 1.79 1.51 1.39 -
P/RPS 0.66 0.77 0.86 0.90 0.77 0.75 0.55 0.75 0.80 1.03 0.89 0.78 1.08%
P/EPS -15.22 149.84 32.46 10.38 5.25 15.79 122.32 8.83 8.44 10.54 7.14 9.67 14.38%
EY -6.57 0.67 3.08 9.63 19.04 6.33 0.82 11.33 11.85 9.49 14.01 10.34 -12.57%
DY 0.00 1.80 1.71 3.85 7.61 2.58 1.49 4.54 5.03 3.80 5.63 4.20 -9.49%
P/NAPS 0.45 0.45 0.45 0.60 0.76 0.64 0.52 0.88 0.86 1.01 0.92 0.93 -7.74%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
3 people like this. Showing 50 of 2,604 comments

Mizi1

My aim is collect when price <1.3. Has been collecting this over 8,9 years….

2023-07-09 14:53

DividendGuy67

I believe an opportunity to collect is coming again. Q3/23 EPS of -0.01 is disappointing to dividend investors. If Q4/23 EPS is say 2-3 sen, dividend will only be 0.8-1.2 sen which will disappoint many investors. That's the time to queue to buy at low price.

This stock is great to accumulate at low price because of its Net Cash position. Valuation is very undemanding at 0.6 x P/B (including cash; excluding cash even smaller). It is also undemaning from PE perspective, with nearly 57 sen in cash i.e. business sold at say 1.37-0.57 = 0.80. It's long term EPS (say average 8 years) is at least 16 sen, suggesting if you are prepared to own this business for 8 years and get 16 sen, it's PE is only 5 i.e. long term earnings yield of 20% and long term dividend yield of 8%.

However, market is fickled and along the way, will push this counter price up much higher and push it down much higher, giving rise to trading.

This is a counter where if one believes in its fundamental business, a low price is time to accumulate and hold and sell when the counter price rises.

However, around this time, the charts are showing higher than normal risk, as it fails to recapture the uptrend line i.e. more than 50% chance, more downtrend to come.

However, as I bought low and I'm a long term investor, lower price to me is just good reason to accumulate more.

2023-07-30 11:21

DividendGuy67

And this counter always reward shareholders. Always pay 40% 2 quarter earnings. In bad times, it dips into its cash chest and floors negative earnings. I think 40% is a bit too low, it could easily raise this to 50% and when it does this one day, the stock will re-rate upwards. Still with its business generating 20% long term earnings yield, I am not complaining.

Analysts tend to be too short term - if you follow their call, you'll be doing the opposite of what you should be doing. If you look at say Public Bank analyst call, when price is high, they tell you to buy, and when price is lower, they tell you to hold. This doesn't make sense if the business is sound fundamentally and management reward shareholders consistently. In this type of rare stocks, you do better buying low and selling high.

2023-07-30 11:25

DividendGuy67

And look at the stock price over past 20 years. A clear trading range emerges. The low floor is around 80-90 sen. The high ceiling is around RM2. Anytime any analyst tells your their target price is higher than RM2, you can ignore and laugh. Anytime analyst tell you to sell below RM1, you can ignore and accumulate. The 20 year price action is the KING that guides you on when to buy and when to sell, because the underlying business of this counter, the industry it's in, is cyclical.

2023-07-30 11:33

Seabase52

@DividendGuy67 Well said sir. A true long term investor will love this company. Good management, excellent balance sheet and good dividend. I've been accumulating this counter for a very long time, hoping to accumulate more when it goes down.

2023-08-16 16:00

weixuan0325

no good news to trigger market sentiment...hopefully coming qr will have improvement...

2023-11-07 12:45

Seabase52

Witness something suspicious today. Seems like someone deliberately driving down share price. The timing of selling is within split seconds, it's like being manipulated by AI. Something fishy is going on here... is there anyone could shine a light on it?

2023-11-23 17:06

weixuan0325

Now you know why the share price went down...

2023-11-29 20:19

Seabase52

The current economy is not good, it's normal for share price to go down. But at that time, it's so weird everything happens within split seconds and the share volume done was also in some sort of sequence... just curious on that haha.. I don't mind the share price going down as I am a long term investor, going down actually a good thing for me to buy more.

2023-11-29 22:43

fortunefire

this counter is not meant for goreng

2023-12-22 11:05

Seabase52

Dedication towards CBAM. https://solarquarter.com/2023/12/23/totalenergies-eneos-wraps-up-6-mwp-solar-rooftop-venture-for-chin-well-fasteners-in-vietnam/

2024-01-02 15:04

weixuan0325

share price everyday drop a bit? 1.00 on the way...

2024-02-26 13:35

Seabase52

Based on my observation from last week until today, it looks like someone is unloading shares, deliberately driving the share price lower. Maybe it's insider knowing current QR isn't good. Current selling pressure is high.

2024-02-27 15:19

weixuan0325

as expected disappointing qr result again...

2024-02-27 17:42

Seabase52

Manufacturing has been very bad @ Q4 2023. Well at least it didn't report substantial lost like TONGHER.

2024-02-27 18:38

weixuan0325

Almost there below 1.00

2024-02-29 19:59

MrFox

how to take when the fruitcske is mouldy!!

2024-03-13 17:50

garychee8

time to buy 1.20

2024-03-14 10:04

weixuan0325

This TA really funny buy call 1.41 few months ago and sell call 1.11 now...change opinion like changing shirts...better make our own research and judgement...

2024-03-22 16:33

Seabase52

Never trust any of the analyst reports out there. They are always here to manipulate. Sometimes they've been asked to write this report just to let the big whale accumulate. When the share price rises, they ask you to buy. So that the big whale can sell their shares to you. Current economy isn't good that's why the share price dropped, it is just simple as that. Anyone who is doing business knows it's hard now. Company's fundamental is still very strong. If it dropped further means more discount and just collect. Just my personal opinion.

2024-03-23 08:09

weixuan0325

luckily didn't listen to them if not going Holland again...

2024-03-25 19:11

garychee8

BOUGHT 1.19

2024-04-05 15:34

DividendGuy67

Post removed.Why?

2024-04-06 06:25

Seabase52

@DividendGuy67 Good writing! I would like to add on the 62M freehold land. Freehold land will only add value over time. At current valuation of 62M, it is at a combined average value of approx. RM12 per sqft. Over the years, I think it can be easily disposed at RM30 to RM40 per sqft or perhaps even more (if they were to dispose the land). If complete disposal, I think shareholders will get quite amount of dividends at 40% payout.

2024-04-08 12:52

weixuan0325

One day show knew it...

2024-04-30 17:29

weixuan0325

Chinwel getting well?

2024-05-06 10:57

weixuan0325

Ah Chin is waking up...

2024-05-07 14:43

garychee8

see who is talking now,,podah

2024-05-16 09:48

weixuan0325

fruitcake like to see chinwel koyak...

2024-05-17 15:41

DividendGuy67

I previously blogged on CHINWEL near 1.18 where I said it was trading near accumulation zone, and important to get a full position in a diversified portfolio. I just posted an update today.

If you use daily charts for trading, you may find that it's coming up to a potential resistance at 1.34 (which for the record, I ignore because I don't use daily charts, but monthly charts)

You can read about it in my blog here in i3. No rush, not keen for a fast win, more expecting many zig zags both up and down on its way to around 1.68 to 1.8 to 2.3 zone (not sure exactly where but we'll see). It could take longer than 1, 2, 3 years to get there.

2024-05-18 11:07

garychee8

Good write up..fully concur

2024-05-20 12:25

weixuan0325

friutcake Ah Chin make you lose a lot? Why you so desperate...

2024-07-04 20:03

weixuan0325

where is the qr...

2024-08-29 18:35

weixuan0325

Tomorrow Merdeka let management relax a bit...for me flat growth of revenue and profit is ok as long don't announce losses qr...

2024-08-30 10:55

dompeilee

Bought back the Chin Well I SOLD on 13th Jan '22...for $1.03 last week to get the dividend. Also recommended to paying clients, of course!😉

2 months ago

Donator

i think the company should change to sell Cashew Nut ,HazelNut and Walnut

2 months ago

abang_misai

insyaallah akan ada nanti.


fruitcake

boleh mintak 80sen kah

1 month ago

weixuan0325

Holland qr coming...

4 weeks ago

weixuan0325

What a joke same fate as CJCENTURY 7117 abang adik company name start with C...In Hokkien means mati mampus la...

3 weeks ago

gladiator

Same fate as tongher abang adik company.

3 weeks ago

weixuan0325

Tomorrow share price gonna be ugly...

3 weeks ago

ckwee168

Q1, 2025 Revenue showing good traction both yoy (+26.4%) and qoq (+11.6%); and would have been a profitable quarter if not because of the RM7.5 million FOREX loss hit; total cash holdings remain strong at RM195 million or 50 cents per share; and current traded share price of 97 cents is less than half of its NAV or RM2.20 .. next quarter should see a writeback on some of the FOREX loss provision as USD:RM exchange has swing back from 4.10 to 4.40 .. not so bad after digesting the details ya ...

3 weeks ago

weixuan0325

fruitcake the most happy to see Ah Chin koyak again...

3 weeks ago

ITreeinvestor

Maintain SELL, with new MYR0.65 TP from MYR0.76, 34% downside. Chin
Well’s 1QFY25 (Jun) results missed expectations due to weaker-thanexpected sales and margin. We revise our forecasts on expectations of
continued soft earnings in the upcoming quarters due to prolonged demand
weakness and loss of economies of scale.

https://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=2235653&bb=2287502

3 weeks ago

ITreeinvestor

PB Bank lower TP to RM0.46

Consequently, our PE based target price is revised to RM0.46 (RM0.67 previously), and we maintain our Underperform call on Chin Well

https://klse1.i3investor.com/servlets/ptres/73632.jsp

3 weeks ago

Donator

need wait the war finish , and then they need a lot of nut and screw to repair😁

3 weeks ago

weixuan0325

sbb 1000 shares?

2 weeks ago

ITreeinvestor

Consequently, our PE based target price is revised to RM0.46 (RM0.67 previously), and we maintain our Underperform call on Chin Well.

https://cdn1.i3investor.com/my/files/st88k/5007_CHINWEL/pt/PUBLIC%20BANK/5007_CHINWEL_PUBLIC%20BANK_2024-11-28_SELL_0.46_ChinWellHoldingsBerhadDraggedIntoRedbyForexLosses_-1842445965.pdf

1 week ago

weixuan0325

Not surprise...

6 days ago

fruitcake

i thought i was full of shxx. didnt know PIB is even a greater full of shxx😂

5 days ago

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