A securities account designated as “Share Buy-Back Account” has been opened with the aforesaid stockbroker for the sole purpose of purchasing the Company’s own shares and/or resale of treasury shares of the Company on the Bursa Malaysia Securities Berhad. This announcement is dated 23 December 2016.
Zero long-term debt n strong cash flow per share of around 0.26. Big bargain n wide margin of safety. EPS, CAGR growth of 12% plus ROE N ROI above 10% more than 5 years. PEG of 0.5 that is 50% bargain price. Out of favour company n little institutional shareholders. Invest long-term! Final decision is yours. Good luck!
" Zero long-term debt n strong cash flow per share of around 0.26. Big bargain n wide margin of safety. EPS, CAGR growth of 12% plus ROE N ROI above 10% more than 5 years. PEG of 0.5 that is 50% bargain price. Out of favour company n little institutional shareholders. Invest long-term! Final decision is yours. Good luck! "
Most of the time investing is all about economic common sense. Company with increasing free cash flow plus dividend yield of above 10 year AA bond is a good choice. With extra cash flow company should buy back its shares at reasonable price. This will increase shareholders ownership in the long run. Good luck!
BUKIT MINYAK: Steel production curbs in China is good news for manufacturers around the world.
Chin Well Holdings Bhd, a Penang-based maker of industrial grade fasteners, sees a strong pick-up in demand next year as clients in Europe stock up in anticipation of a further increase in prices.
“The price of wire rods has gone up by more than 80% since early 2016 because China has cut back on steel production,” Chin Well group executive director Tsai Chia-ling told StarBiz.
“Customers expect the price of steel to continue to go up in 2017,” she added.
The stocking-up by customers in Europe also coincided with the seasonal surge in demand.
“We can also expect more buying from Europe next spring because that is when a lot of construction activities start to happen,” Tsai said.
“The weakened ringgit will also help to make our products more attractive to customers,” she added.
EPS plus Free Cash Flow increasing, stability n consistency will increase book value plus dividend yield. Business common sense, in the long run the intrinsic value will keep on increasing n probably the share price. Good luck!!!
Buffett's mantra, we like companies with little to zero debt n a strong balance sheet. The most important trick we are looking in the management hand is the Free Cash Flow or Owner's Earnings increasing y-o-y. Thanks!!!
heard vietnam factory was in big trouble now due to serious pollution issue .better careful,monitor their revenue trend in coming quarter,if could not stay above RM110-120m,time to go.
Sherlock, don't worry, my vietnam freight forwarder friend said the pollution case doesn't affect the operation of Chin Well Factory. However, as mentioned earlier by the ChinWell Director, the export to Europe are dropping, due to competitive from China, and slow demand for industrial fasterner. So now their Euro Market mostly depends on the DIY product.
Better result only reflected in mid 2017(may'17). Raw material cost is high due to weakening of RM couple of 70% of revenue is in Euro thus i do not foresee good result in this qtr. Don't blindly follow as CSCTEL is a very gd lesson learn for many investor.
Intangible assets now account more than 80% of S&P 500. Tangible assets are accounting value n Intangible assets are economic value. Back in 1975 it was only 15% n tangible assets make up of 85%. These mean that more than three quarter of current value is now attribute to human ideas n intellectual property or imaginary value created through acquisitions. The rise of intangible assets has no doubt make this process of valuing a business more difficult for investors. ValueWalk.com!!!
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Posted by cjlim > 2016-12-26 18:13 | Report Abuse
Share Buy Back mode is activated.
A securities account designated as “Share Buy-Back Account” has been opened with the aforesaid stockbroker for the sole purpose of purchasing the Company’s own shares and/or resale of treasury shares of the Company on the Bursa Malaysia Securities Berhad. This announcement is dated 23 December 2016.