If you know well with the Chin Well management, you will know the way they run the business very transparent. Whenever there is any issue facing by the business, they will clarify with the shareholder immediately (i.e. WTO remove EU anti dumping tax on China)
Indirectly, it means the Vietnam pollution is just a very very very small case, that why Chinwell didn't make any announcement on it.
And looks at the business growth as well as the cash pile, and the dividend policy, I like this company very much!!!
Chin Well is now negotiating with a US customers to conclude a 30 container per month deal for do-it-yourself (DIY) fasteners for a 10 month period, which is renewable yearly.
“Given today’s selling price of fasteners, the 30 containers is worth about US$500,000.
“The demand for DIY fasteners has increased in UK and Europe as more people are undertaking renovation work for their homes,” Tsai adds. Chin Well is also negotiating to conclude a major deal with a US customer to sell grill mesh by its subsidiary Chin Herr.
"On July 28, Dong Nai Province’s environment police, in coordination with the Department of Natural Resources and Environment, discovered Chin Well Fasteners Vietnam Co., Ltd was using one of its two underground pipelines to discharge untreated wastewater directly into the environment. "
ask yourself a simple question , do you feel safe to put your hard earned money in the hands of such despicable persons. why choose to dance with wolves?
i advise you to sell chinwel now while the price is still good. next quarter onward you will see the profit of this counter declining at least for the coming one or 2 years
no European countries want to trust a company that had buried all the industrial waste in the ground and drained all the waste water into the river and caused big environmental problem
a wise investor always avoids a company with an unethical record because anytime he can send you to Holland
hello xuewen and GG3261 or whoever you are,instead of advising people to buy or sell,why not u tell us newbies which good stocks to buy?maybe your pick might help others that are new to the market.so which super stocks you recommend?
To those who asking buy or sell this counter. Please, money is yours, and why do you need to ask ppl opinion to decide for you. Invest should learn it by ourself not depends others opinion or any comment. :) Nothing can be short cut.
it is true, based on my own tracking, he start accumulate CHinwell from RM1.80++ all the way to RM2.20++ last year. But I'm not sure whether he has dispose it or not, because the share price drop significantly from Rm2.30 to RM1.40, I guess he is the one who dispose it, because only him got such volume.
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....
givemeabreak
173 posts
Posted by givemeabreak > 2016-08-25 19:38 | Report Abuse
what can i say... totally out of expectation...