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WELLCAL (7231) : WELLCALL HOLDINGS BERHAD
ILoveDividend
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Posts: 521
Joined: Dec 2011		 07 Feb 2012, 01:19 PMPost #41
Hi Steve,

Thanks for sharing.

I have summary the important points at below:
1) This year will be a better year for us, executive director Alex Chew told SunBiz in a recent interview.
2) He said the group is revisiting a plan shelved in 2009 to boost factory floorspace by 50% and has allocated RM15 million to acquire a small plot of adjacent land, and machinery.
3) Demand is rising, especially from clients across Asia, Chew said, adding that the backlog in orders now takes three months to clear. Thus, Wellcall is overdue for expansion.
4) With cash to spare, the capital expenditure won't hurt the company's ability to maintain its steady dividend payout to shareholders.
5) Its solid dividend track record and steady growth have attracted fund managers, including those from overseas, to acquire shares in the company from the open market.
6) He is optimistic that FY12 will be a better year for the group. The lower rubber prices and the weaker ringgit are positive for us, he said.
airasia
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Posts: 46
Joined: Dec 2011		 07 Feb 2012, 05:59 PMPost #42
Take aways of FY11 Q4 report:

Positive:
- Achieved target 15.2m earnings, 11.5 eps.
- Net DPS 12cents, was also higher than expected 11.5cents.
- On sales, recorded strong 42% increase at export markets (notable region of Latin America, Ocenia & Europe segments, all above 50%)
- On operation, ability to improve PBT (62% yoy) by:
1) increased ASP to mitigate higher raw material price, especially synthetic rubber (managed impact at 2.3%)
2) opportunity of gradual decreased of rubber SMR10 -40% at early 2011
3) increased productivity (headcount and Administrative expenses) with semi-automated machine and better corporate governance
4) FAvourable unrealised foreign exchange (gain of RM0.886 million)

Area of concern:
- Signs of weak demand (-2.3% qoq). WELL management anticipated declining global demand for 2012
- Higher raw material cost (expected impact up to 5% for FY12, with USD stay weak)

Continue to like, due to:
- product for niche market (O&G, F&B, weld & mining and chemical)
- constant repeat order (industrial hose average life span of 8-12mth)
- BTO biz model - minimize & fast inventory turn, predictable material order
- focus on high margin product mix (esp O&G and mining sector)
- right management focus to drive overall production utilization > 85%

Target set FY12 19m earning with 14.1 eps.
ILoveDividend
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Posts: 521
Joined: Dec 2011		 07 Feb 2012, 07:41 PMPost #43
Take aways of FY11 Q4 report:

Positive:
- Achieved target 15.2m earnings, 11.5 eps.
...airasia @ 07 Feb 2012, 05:59 PM

Hi Airasia,

Thanks for sharing. Good analysis. But why take aways of FY11 Q4 report?
airasia
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Posts: 46
Joined: Dec 2011		 08 Feb 2012, 01:07 AMPost #44
awaiting audited account.
ILoveDividend
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Posts: 521
Joined: Dec 2011		 08 Feb 2012, 09:03 AMPost #45
awaiting audited account.airasia @ 08 Feb 2012, 01:07 AM
Ic. Ok. Thanks... notworthy
Jacky
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Posts: 70
Joined: Dec 2011		 08 Feb 2012, 12:13 PMPost #46
Woh...Moving up today.yeah
gen_hwang
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Posts: 90
Joined: Dec 2011		 09 Feb 2012, 07:19 PMPost #47
sweat
ILoveDividend
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Posts: 521
Joined: Dec 2011		 09 Feb 2012, 07:25 PMPost #48
sweatgen_hwang @ 09 Feb 2012, 07:19 PM

Have you bought? thumbup
gen_hwang
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Posts: 90
Joined: Dec 2011		 09 Feb 2012, 08:27 PMPost #49
thumbup
benny_s
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Posts: 9
Joined: Dec 2011		 09 Feb 2012, 09:48 PMPost #50
thumbup
Destiny
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Posts: 92
Joined: Dec 2011		 10 Feb 2012, 06:09 AMPost #51
Let hope it will break rm 1.400 walllol
Destiny
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Posts: 92
Joined: Dec 2011		 10 Feb 2012, 04:35 PMPost #52
Let hope it will break rm 1.400 wall...Destiny @ 10 Feb 2012, 06:09 AM
mmmm can we aim higher a bit what about rm 1.80rolleyes
ILoveDividend
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Posts: 521
Joined: Dec 2011		 10 Feb 2012, 04:45 PMPost #53

mmmm can we aim higher a bit what about rm 1.80...Destiny @ 10 Feb 2012, 04:35 PM

Wellcal is not for sale... Hehe. rolleyes
Condition: Provided its business is not decreasing.
gen_hwang
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Posts: 90
Joined: Dec 2011		 10 Feb 2012, 06:17 PMPost #54
Two more weeks until result release. What is the guidance given by management?
ILoveDividend
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Posts: 521
Joined: Dec 2011		 10 Feb 2012, 09:49 PMPost #55
Two more weeks until result release. What is the guidance given by management?gen_hwang @ 10 Feb 2012, 06:17 PM

Dividend coming soon...Every 3 months receive dividend. wub
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 16 Feb 2012, 07:28 PMPost #56
Pardon me for being paranoid with the macro-condition and i could very well be wrong. I have exited, but not without an early annual dividend. wub

Basically nothing wrong with the company. Just that i prefer cash now.
Destiny
Member Star
Posts: 92
Joined: Dec 2011		 16 Feb 2012, 09:20 PMPost #57
Pardon me for being paranoid with the macro-condition and i could very well be wrong. I have exited,...gen_hwang @ 16 Feb 2012, 07:28 PM cash is kingrolleyeswub
ILoveDividend
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Posts: 521
Joined: Dec 2011		 16 Feb 2012, 09:43 PMPost #58
Pardon me for being paranoid with the macro-condition and i could very well be wrong. I have exited,...gen_hwang @ 16 Feb 2012, 07:28 PM

I am 100% in market. Haha. smile
But i dont mind if wellcal can drop a little bit more so that i can buy more and lower my average price. I used to wait for TECNIC to drop during last major pullback but i end up buy at higher price as we will never know when is the bottom.
So, i will just buy those stocks under my radar as long as they can give me 10% DY and of course if and only if they can post better result from quarter to quarter.

I believe not much people willing to sell a golden goose even in crisis. I am not sure if any major pullback in front of us, and i am not sure if wellcal will drop below RM1.00 if crisis coming, but i am sure i will buy more that time as the DY is > 13% that time. This is a simple theory but it is hard to apply in market.
gen_hwang
Member Star
Posts: 90
Joined: Dec 2011		 17 Feb 2012, 04:14 PMPost #59
As much as i dislike frequent trading, sometimes i just have to do it. Lol.
Destiny
Member Star
Posts: 92
Joined: Dec 2011		 20 Feb 2012, 08:46 PMPost #60
Why wellcall price can't move demad

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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