Posted by allow > 2016-02-26 16:04 | Report Abuse

reached 2.900 suddenly dropped so much. what happening?

Posted by ymtan82 > 2016-02-26 16:11 | Report Abuse

why dropped so drastically...what is happening ???

Posted by kiddo > 2016-02-26 19:32 | Report Abuse

y drop so much? almost 7% in 1 day

Posted by JT Yeo > 2016-02-27 07:16 | Report Abuse

why is everyone surprised by the drop? Look at the valuation you know it is so richly valued

Posted by Advocate > 2016-02-27 11:01 | Report Abuse

The decline is due to sluggish global markets particularly exports to USA/ Canada. Export business fell 26% vs domestic sales up 24%. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5009697

The good news is its cash at bank is approx $41m and the business is still making money with an operational profit margin of 33%.

Posted by JT Yeo > 2016-02-27 12:42 | Report Abuse

Yes no doubt, Wellcall is a super quality company looking from profit margin, ROE, track record etc. But it is being priced like Hartalega. Using different valuation, the most I would pay for Wellcall is $1.50-$2.00. Im not saying this because the quarter result is bad. Wellcall will continue to do really well in the future, whether their business is impacted by O&G sector is another matter. But buying above $2.00 is likely to give you very low return over the long term. And of course, your buy price really depends on what kind of return you are after.

Posted by Kok Leong Chan > 2016-02-27 13:33 | Report Abuse

Sell more to me pls, Mr JTYEO, I would like to buy more of these gem stocks with high PE like wellcall and Karex... I don't bother !

Posted by JT Yeo > 2016-02-27 13:53 | Report Abuse

I dont own any. Buy at your own will

Posted by Mohd Fahmi Bin Jaes > 2016-02-27 13:58 | Report Abuse

net profit down, price down

Posted by CFTrader > 2016-02-28 09:21 | Report Abuse

Very sorry to tell that I lead the friends in WELLCAL to Holland....
it's my mistake.

I was expecting the improvement of the revenue and profit from WELLCALL since the commencement of Factory 3 last year.
In fact, I had a bullish bias since I have exposure to WELLCAL.

The fact is, the demand/orderbook is reduced due to economic slowdown...

____________________________________

Some information I asked my friend to obtain from AGM of WELLCAL.

1. It takes 1 to 2 years to achieve 80% commission rate of Factory 3 .
2. Factory 3 produces / improves 70% of the capacity of WELLCAL.
3. Currently, WELLCAL boss revealed that the strategy will be preparing Factory 3 first, and when O&G sector revive, then the Factory 3 will be used to generate revenue.

Moral of Story : Industry Hose is cyclical ...
I will revisit WELLCAL once the industrial sector improves again..
Factory 3 should be a super revenue boost for WELLCAL during that period.

Sincerely,
CFTrader

Hontoni Sumimasen desu.... (Really Sorry)

Posted by Kok Leong Chan > 2016-02-28 09:27 | Report Abuse

Haven't reached the end, don't know is right or wrong. Maybe next week back to RM2.90, who knows? The rewards are only for those who have 100% faith and confidence on wellcall!

Posted by shahrin > 2016-02-28 09:30 | Report Abuse

CFTrader. What is % (rough estimate) of Wellcal production depend on O&G ?

Posted by JT Yeo > 2016-02-28 12:16 | Report Abuse

Sounds like you are banking on faith.

Posted by CFTrader > 2016-02-28 13:15 | Report Abuse

Sorry Kok Leong Chan, I'm a simple investor. I don't buy in hope of recovery.
I buy base on my entry reason.
I exit if the entry reason is gone.

The entry reason is due to Factory 3 and improving dividend.

Posted by CFTrader > 2016-02-28 13:17 | Report Abuse

sahrin, if I am not mistaken （sorry for the wrong info, If any ), air and waste command the largest revenue, followed by gas and welding and O&G.

If not mistaken, O&G got a share of 25% , but a higher profit margin.
And due to latest automation and reduction of labour dependency, the profit margin changed again.

So revenue high doesn't equal to high profit , vice versa.

Posted by loganmts > 2016-02-28 17:41 | Report Abuse

good criticise only!that is Just Talk Yeo!

Posted by shahrin > 2016-02-28 21:05 | Report Abuse

Thanks CFTrader. Lets watch the next report.

Posted by Kok Leong Chan > 2016-02-28 21:08 | Report Abuse

Let's watch the next few trading days.

Posted by JT Yeo > 2016-02-29 04:34 | Report Abuse

not as good as you though logan. how can i beat you on criticising people. You create account just for that purpose

Posted by Kok Leong Chan > 2016-02-29 12:11 | Report Abuse

Yes pgboy

Posted by omgimnoob > 2016-02-29 15:19 | Report Abuse

If I open a shop, if the profit for the past three months drop 20% but I still making profit, will I sell off the shop to other party? Or I will continue work on it. Improve it and fight for the next three months. Real investor should ask the management, their sales team... work hard enough?

Posted by Chua Ch > 2016-02-29 16:57 | Report Abuse

gambling mer????????

Posted by funda > 2016-02-29 17:15 | Report Abuse

it really depend on ur investment strategy... Wellcall will not be breaking the 2.80 level anytime soon until the result showing recovery in next qtr (if any)... so, if u have better option.. you may consider sell it now and jump boat to avoid opportunity lost for ur capital..

but if u have no better choice, perhaps can consider sell half and keep the rest since the dividend also not so bad la... they have excess capacity now to swallow bigger order intake if the market demand recover...

Posted by CFTrader > 2016-03-01 00:04 | Report Abuse

omgimnoob, your perspective is as an business owner.

My perspective , is from small time investor.

I notice a guy who open a shop.
I was offered by the guy to participate in a business.
Each share yields 7.45c , 8.86c and 12.45c for year 2013, 14, 15.

I was offered to buy at inflated price of 21x PER during that period.
Why 21x PER?
The guy paints a good picture, by telling you that factory 3 is in the making, track record and so on.

Posted by omgimnoob > 2016-03-01 02:16 | Report Abuse

Good teaching CFTrader. Tq.

Posted by Kok Leong Chan > 2016-03-01 20:41 | Report Abuse

Wellcall looking interesting ^-^

Posted by Kok Leong Chan > 2016-03-01 22:35 | Report Abuse

See whether wellcall will reach back 2.90 in near term or not?!

Posted by pewuf > 2016-04-14 10:09 | Report Abuse

sleeping d

Posted by martensite > 2016-04-29 16:43 | Report Abuse

Big Investor (Mondrain) acquired back the wellcall share since Mar until 22nd April, believed a good report coming soon...

Posted by CFTrader > 2016-04-29 22:39 | Report Abuse

Factory 3 is up and run .
But can WELLCALL obtain contracts to make it run at an optimum capacity ?
I'm still waiting for the giant to wake up...

Posted by paperplane2016 > 2016-04-29 23:01 | Report Abuse

Build and biz will come? Thts not reality

Posted by wondersky > 2016-05-05 10:33 | Report Abuse

u don't get the biz and build. By the time u finish building, all biz are gone.

Posted by wondersky > 2016-05-05 18:10 | Report Abuse

what up.... u see the sell queue. U would wanan quickly cabut. I think FF is running away.

Posted by martensite > 2016-05-06 07:59 | Report Abuse

Wondersky, Any news to support Wellcall FF is running away?

Posted by beautiful668 > 2016-05-16 11:27 | Report Abuse

I think Mondrain believe the future is good but the next report I am not so optimistic.

Posted by Pewuf > 2016-05-19 17:17 | Report Abuse

gratz
top 10 gainer

Posted by CFTrader > 2016-05-20 10:18 | Report Abuse

The Rise Of A Giant ?

As the recovery price of the Crude Oil, now the O&G company starting to try to issue new Right's issue for expansion, or preparation works.
Will WELLCAL benefit from the capex from those company ?

Posted by Pewuf > 2016-05-23 12:41 | Report Abuse

haha, dont like that. im on both sides

Posted by martensite > 2016-05-23 16:41 | Report Abuse

For those company doing export business sure will affected by forex.. Wellcall business mostly for export.. next report not really hope can be better than previous quarter report...

Posted by khuen > 2016-05-26 19:19 | Report Abuse

It wasn't a good result, neither it's bad. But cash dividend will help a bit, continue to hold and accumulate is wiser.

Posted by martensite > 2016-05-27 09:19 | Report Abuse

Wellcall Net cash position just 17.6 million.. is considered low... new factory not able to perform and still waiting for global economic recovers back.. USA and CANADA orders drop almost 100% from previous quarter...all geographical segments orders showing down trend.. is not a good sign..

Posted by angelbooks03 > 2016-05-27 16:05 | Report Abuse

明明两间都有个WELL 字，怎么这次季报一点都不well =v=

Chinwel的业绩稍微下跌，Wellcal就有点惨不忍睹。至少Chinwel目前总EPS已经是超越去年的了 (15.92 >10.16)， 而Wellcal目前EPS还是低于去年(4.67 <5.99)

Chinwel主打螺丝，Wellcal主打软管，苹果和橙，虽不能相比，但它们都是属于水果，还是有略同 :P

另外看了这两份季报，发现美元不是导致业绩往下的最大原因，而是因为外国需求疲缓，这是不是暗示西方经济已经不是我们想象中那样好了呢？是不是也在暗示大环境正往低谷下。。？

http://www.angelpoiwoon.com/2016/05/chinwel-5007-wellcal-7231.html

Posted by Up_down > 2016-05-30 12:21 | Report Abuse

Share price over hyped. Revenue growth has started showing down trend since 2 quarters ago. May consider to buy when the price drop to 1.6.

Posted by martensite > 2016-06-14 15:54 | Report Abuse

Who did follows USA economic for last few months, many company in US start retrenchment and many peoples now jobless.. This showing that US economic is bad and those company doing business with USA will facing less order or no order at all. Wellcal mandrel hose mainly to USA.. No orders, revenue drop..
Foreign investor start pull out their money from M'sia, but invest in other Asia country. What will happen if Mondrain withdrawn and sell wellcall share? Beware everyone....

Posted by RonnieKimLondon > 2016-06-22 21:24 | Report Abuse

A former director has been dumping the shares since mid 2015.

When will Mondrian, the London fund with 6% stake in Wellcall, start selling when it realises valuations are stretched?

Posted by necro > 2016-06-23 13:49 | Report Abuse

Wow hit support...
This forum very quite why?

Posted by SniperElite > 2016-06-29 22:13 | Report Abuse

Uncertainty now...

Posted by danchong > 2016-07-05 10:21 | Report Abuse

RonnieKimLondon, I'm sure Mondrain has some valuations done. Instead of thinking of selling, they continue to buy. What is your thought now?

Posted by Kok Leong Chan > 2016-07-11 20:46 | Report Abuse

Moving up soon....I guess

Posted by CFTrader > 2016-07-19 17:22 | Report Abuse

We all knew that 70% of the customer is recurring customer, but those customer only can fill the stomach of Factory 1 and Factory 2.

They need MOARRRRRR customer to fill in the stomach of our dear Factory 3.

Watch closely for global economy recovery, because Factory 3 is on standby to fill their order with speed.