Chin Well

Chin Well

Postby winston » Thu Nov 20, 2014 2:23 pm

not vested

Chin Well Q1 net profit jumps 45.8% to RM8.95mil

KUALA LUMPUR: Chin Well Holdings Bhd's net profit for its first quarter ended Sept 30, 2014 rose 43.8% to RM8.95mil from RM6.22mil a year ago.

In a filing to Bursa Malaysia on Thursday, the group said its revenue was up 19.9% to RM127.51mil from RM106.32mil a year ago.

Earnings per share stood at 3.28 against 2.28 the previous year.

Chin Well said its fasteners products posted a revenue of RM106.43il, representing an increase of 21.93% compared to the same quarter last year due to higher export sales to European countries.

Meanwhile, its wire products division posted a higher revenue of RM21.09mil as compared to RM19.03mil last yearr.

The division recorded a pretax of RM0.41mil due to higher revenue as well as the continuous practice of the cost control measures in its operation.

Chin Well said the group will continue with its ongoing efforts to raise operational efficiency and productivity so as to further enhance its competitive edge in this challenging market environment.

The group intends to expand its Do-It-Yourself (DIY) retailer distribution network which will generate higher margin.

Barring any unforeseen circumstances, Chin Well anticipates satisfactory performance and growth in the current financial year.

Source: The Star
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Chin Well

Postby winston » Fri Oct 26, 2018 8:51 am

not vested

Trading Buy: CHINWEL-5007
(Last price: RM1.68, Potential upside +19.0%)

Company Profile
• Chin Well is an integrated, one-stop manufacturer of fasteners and wire rods.


Trading Catalyst

• Armed with a track record over 30 years, CWH has grown to become an integrated manufacturer of fasteners and wire-rod with extensive global sales and distribution network with diversified clientele base.

• The group is also a potential beneficiary of China’s Blue Sky project and US-China trade tensions

• Valuations are undemanding at 8.5x FY19 P/E (about 13% discount to Tongherr’s trailing 9.8x P/E) and 0.91x P/B (36% discounts against Tongherr’s 1.42x), supported by a resilient 7$ EPS CAGR for FY18-21, healthy balance sheet (RM45m net cash or 15sen/share) with decent dividend yield (4.8-5.4% for FY19-21).

• Potential downtrend reversal amid a hammer-liked candlestick pattern

Technical View
• Resistance: RM1.80 / RM1.88 / RM2.00
• Support: RM1.61 / RM1.56
• Cut loss: RM1.54

Key Financial Stats
• Trading at 8.5x FY19E P/E (13% below Tongherr)
• Trading at 0.9x P/B (36% below Tongherr)

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am


Return to A to D

Who is online

Users browsing this forum: No registered users and 3 guests