CHIN WELL HOLDINGS BHD
KLSE (MYR): CHINWEL (5007)
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Last Price
1.37
Today's Change
+0.02 (1.48%)
Day's Change
1.37 - 1.37
Trading Volume
3,800
Overview
Market Cap
410 Million
NOSH
300 Million
Avg Volume (4 weeks)
14,584
4 Weeks Range
1.34 - 1.38
4 Weeks Price Volatility (%)
99.28%
52 Weeks Range
1.26 - 1.75
52 Weeks Price Volatility (%)
78.29%
Previous Close
1.35
Open
1.37
Bid
1.35 x 600
Ask
1.37 x 3,900
Day's Range
1.37 - 1.37
Trading Volume
3,800
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#4] | 29-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 29-Nov-2023
T4Q P/E | EY
10.40 | 9.62%
T4Q DY | Payout %
3.85% | 40.00%
T4Q NAPS | P/NAPS
2.28 | 0.60
T4Q NP Margin | ROE
8.63% | 5.79%
Market Buzz
News and Blogs
Company Profile
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Description:
Chin Well Holdings Bhd is a Malaysia-based investment holding company. It operates in three business segments. The Fastening products segment is engaged in the manufacturing and trading of screws, nuts, bolts and other related products. Its Wire products segment is involved in the production of precision galvanized wire, annealing wire, bright wire, hard drawn wire, polyvinyl chloride wire, bent round bar and grill mesh. The company's Investment holding segment comprises of investment holding and other associated activities. It operates geographically across countries like Malaysia, Vietnam, and other Asian and European countries.
Discussions
3 people like this. Showing 50 of 2,560 comments
Superb results. 8 sen dividend. Full year dividend yield at 7.8%. Long term growth stock with high dividends.
2022-08-29 21:13
"The Board of Chin Well is pleased to declare a single tier second interim dividend of 8 sen per ordinary share for the financial year ended 30 June 2022, which is higher than the rate of the single tier interim dividend of 1.8 sen per ordinary share declared in the previous financial year.
The variation is mainly due to higher profit after tax of the Group recorded as compared to the corresponding reporting period in FY2021."
Good and honest Management, sharing profits with shareholders!
2022-08-30 09:02
https://klse.i3investor.com/web/staticfile/view/472003
Teh Hiong Piow Bank say BUY
2022-08-30 10:52
Thanks admin for removing the spammer fruitcake
Or did he deleted his own posts? Hmm...
2022-09-02 19:29
Insiders knowing earning can't sustain..
That why selling at cheap price..
Habis cerita
2023-02-28 19:56
Bought in 2016, SOLD in the 1.80s in '17. Bought back @ 1.39 in '20...SOLD back @ 1.48 in '22, a bit too early as it turns out....Avoiding for now...
Most counters cannot invest for long-term...better to trade in & out.
2023-05-29 17:23
CHINWEL is a highly cyclical counter. Last quarter was the second time to have earnings loss. In Q4/2020, also another big earnings loss. Near term this business faces tough times and it could take a few months to 1-2 years to improve. Cash is no problem for this company, investors need to have patience. I am patiently waiting for lower than RM1.28 price to add.
2023-07-01 10:54
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.
2 months ago
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.
2 months ago
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.
2 months ago
@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.
1 month ago
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