Yahoo - 5007 .kl
Webpage - http://www.chinwell.com.my/
è The revenue for CHINWEL is less dependent on one product which is the Fastening Product.
è The increment of revenue depend on the wire product is a good sign since the wire product division is giving more revenue per segment asset.
From 2016 Annual Report there is reduce in trade receivables although the revenue for 2016 had increase from RM 502, 420,132 in 2015 to RM 508,134,234 in 2016. These mean there are more cash transactions compared to credit transaction.
Besides that, the cash and bank balances had increase by 2.41 times from RM 55,163,100 to RM 132,961,612 which mean the management had more cash to look for better investment opportunity.
CHINWEL had settle the amount due to the shareholder of Asia Angel Holding Limited which CHINWEL had acquired in 2015. Hence the RM 19,261,124 had been remove in the 2016 balance sheet.
Dividend and Bonus Issued for the past five year
CHINWEL had constant dividend for the past five year from 2012 – 2016 with the average dividend of RM 0.049 per year which dividend yield of 2.8%..