Frankly speaking if I would invest in a Safe counter, u rather go for Maybank compare to Chinwell that need a break through from their existing structural.
A break down of $1.80, will see Chinweel slide steeper to $1.40 . Pls not to apply P.e. during this pendung structural break through stocks. Of course , fund will beautifying Chinwell in ordee not to let their portfolio too ugly during their report session due. Pmetal is a good example.
Deal with facts....not emotions.............posted by somebody.....I just got the reply from management of Chinwell regarding the issue on EU loses WTO case and its impact towards Chinwell. Reply as below and hope it help:
Hi,
Good day!
It is not the first time this happened. Anti-dumping Duties was first imply on Feb 2009 for 5 years. Then China raised the case to WTO and finally got a first appeal result of dropping the anti-dumping rate from 85% to 74% during Oct 2013. Of course, China is not satisfied with the outcome and continue with the 2nd appeal.
According to most of my customers in Europe, they feel that it would be the same with the 1st appeal that EU will take 2-3 years to re-investigate again on the case and may drop the some rates again just like the first appeal.
Due to the fact that the steel industry in EU is already in crisis for more than 6 months, I believe the politicians in EU will still stand strong on the issue to protect the local steel industry for people to keep their jobs.
Anyhow, we will still need to wait for the final result for the revised dumping rates, if the rate is still higher than 20%, Chin Well is still in the advantage side.
Malaysia 110,000,000 Vietnam 16,000,000 others 374,000,000 total 500,000,000
only $ 16,000,000 sales in Vietnam only........over the next 5 years...they will be making another Chinwell in Vietnam . Can you tell me what is the price of Chinwell then?
presently 50% of company assets are already deployed in Vietnam as a manufacturing hub for exports. in fact, will be 2 or 3 years before Vietnam sales (sales within Vietnam) matches Malaysia sales.
what will be the price then?
most of the profits is still screws and nuts......... when wire products catches up, what will be the price of CW then?
I know...I know.....like most people, you look down on everyday simple products.
But it is business empires that are built from everyday simple products that are the most innovative.
But it is business empires that are built from everyday simple products that are the most innovative., the most resilient and the most transparent growth
In 27.11.2015 , A Director Mr. Tsai Yung Chuan Acquired CHINWEL 3,900,000 units@rm1.54. Deemed interest 54.187% 如果你是庄家,您会洗牌洗到rm1.50 吗? (自己去想吧) 祝大家:新年快乐!
Like I say...if CW down 20 sen.....no one will be spared. I cannot guaranteed CW will not down 20sen...I can guarantee you will lose more elsewhere.....hahahaha
soros228 > Feb 7, 2016 10:36 AM | Report Abuse
There are level 1 and level 2 volume in market. The one u see might not be the actual one. If market crash, no one will spare.
Valuation looks attractive below 1.50, but main concern is still the sustainability of profit growth. Cigar butt investing can be considered around 1.30 level.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
VenFx
14,784 posts
Posted by VenFx > 2016-02-06 12:42 | Report Abuse
Frankly speaking if I would invest in a Safe counter, u rather go for Maybank compare to Chinwell that need a break through from their existing structural.