How low can it go? It will not go down to zero. Good time to pick up and store it up for the good time to come next year or so. The company is flushed with funds now. I agree with Iksiam. Online businesses and (cloud) data center infrastructure requirements will increase at a greater pace in lieu of the overall improvement in internet environment i.e. liberalisation of internet service provider sector and significant reduction in internet accessibility cost to end users. IOT (INTERNET OF THINGS) is here to stay.

Despite the announcement on bonus issue and free warrant, the counter seems like forgotten to isi minyak.

Strong buying pressure. Looking to RM2.20 before the end of the week.

Iksiam, breaking 0.225 should not be a problem for now. I look forward to it breaching 0.50 in a year's time.

Once the proposals are approved by Bursa, it will surely move north.

The shortage of steel-based raw materials such as hot-rolled and cold-rolled coils will fuel Chin Well Holdings Bhd’s growth in the financial year ending June 30, 2018 (FY18).

Group executive director Tsai Chia-ling told StarBiz that due to the Urban China Blue Sky project, the output of the steel-based product manufacturers would be reduced.

“The affected are those equipped with old production processes, which are unable to cut carbon emissions to meet the requirements of the Urban Blue Sky Project.

“The market has been experiencing a shortage of steel-based raw materials for the past three months, which is expected to worsen by year-end.

“We expect the bulk of the orders for fasteners to come in late-2017,” she added.

Read more at http://www.thestar.com.my/business/business-news/2017/08/21/steel-material-shortage-to-fuel-chin-wells-growth/#KJffEAygGBWfGeRs.99

Chinwell reported a lower cumulative profit-before tax of RM51.03 million recorded in the 3rd quarter of the financial year ending 30 June 2017 compared to RM56.81 million for the corresponding period of previous financial year.

I think the announcement of a lower quarterly profit is now a non issue. Looking at today's trading the counter may even close higher than the price prior to the announcement. The company is solid and steadfast with current ratio (liquidity) at 5.5 times, and ample cash in bank to cover borrowings by about 3 times and it's gross profit is 18.5% (considered excellent).

Chinwell is still holding on strong despite the report that it may earn less profit this quarter. Agree with optimus919 Tongher is another good counter but the share price has since rocketed from RM2 early this year to RM3.75.

CHINWEL gained 6.0 sen (3.2%) to close at its 52-week high of RM1.93. As a result of the strong move, the share price formed a “white-Marubozu” candlestick which indicates that the bulls dominated the day right from opening bell till market close. The move may possibly signal a resumption of the previous 3-month uptrend, which took a breather in early July. Yesterday’s decisive breakout was supported by strong volume with 2.4m shares traded. Further up, some resistance is expected overhead at RM1.95 (R1) although breaking beyond that, the next resistance is located at key psychological level of RM2.00 (R2). Any weakness back to the RM1.80 (S1) support levels may be viewed as a buying opportunity, failing which RM1.77 (S2) should offer additional support.

Source: Kenanga Research - 3 Aug 2017

Know something. The last time they gave bonus issue 1:4 was way back in 2004. They have sufficient reserves to afford a bonus issue this time. Hope it will materialize.

The shoes were returned. Was an audit done on the returned goods or was it all dumped into the sea? I don't buy their story.

Did the auditors physically see the returned merchandise from the buyer? Or is it another scheme to defraud investors.