My purpose of writing this piece is because I have not seen any financial institution publicizing this stock. As I said before, when you see analysts publishing articles on any stock, you have to be careful. Do you know why?   

The above picture is a snap shot of the company from Bursa. You can notice the following:

1. The price down trend is over. As I said before, you must not buy down trending stocks because the price can go further down and you will lose money.
2. The trend is just reversing which is the best time to buy.
3. On 30^th Aug, Mr Lim Chien Cheng, the company Chairman and the controlling shareholder is buying back its share. Do you know why he is buying back his shares?   
4. On 25^th Aug the company announced its annual profit of 21.16 sen EPS which is better than last year of 14.37 sen.
5. It was selling Rm 1.69. Do not try to pronounce the figures in Cantonese and it complies with my share selection golden rule. It is selling P/E 8.
6. Moreover, it is cash rich and pays reasonably good dividend.
7. In January 2016, it was selling at Rm 2.30 with mush higher daily trading volume than what is being traded currently. My average cost is higher than the last closing price and I am buying it to reduce my average cost.

Company Profile

It is among the largest manufacturers of steel fasteners, a few hundred types of screws, nuts bolts and other fasteners. They also manufacture galvanized wires, annealing wires and PVC coated wires.

Together with their sister companies in Taiwan and China, they are certainly the largest manufacturers of fasteners in the world. We must be proud to have such a reputable company in Malaysia. Yet so many commentators in i3investor.com did not know. 

The next time when you are told to fasten your belt before takeoff by an air stewardess and when you screw, you must remember CHIN WELL. 

Roman Philosopher Seneca quotes which are relevant to all investors

Luck is what happens when preparation meets opportunity.

If one does not know to which port one is sailing, no wind is favorable.

It's not because things are difficult that we dare not venture. It's because we dare not venture that they are difficult.

If you wished to be loved, love.

True happiness is... to enjoy the present, without anxious dependence upon the future.

I shall never be ashamed of citing a bad author if the line is good.