Founded in 1989, Chin Well Holdings Bhd (Chin Well) is now among the world’s largest manufacturers of high-quality carbon steel fasteners. Presently, as at 22 December 2018, Chin Well is worth RM 470.2 million in market capitalization, a 57.8% increase from RM 291.6 million in 2013.
In this article, I’ll revisit its fundamentals, bring an update on its latest financial results, and assess its investment potential with a handful of valuation tools. As such, here are 5 things to know about Chin Well before you invest.
#1: The Business
Currently, Chin Well operates from 3 manufacturing facilities where 2 of them are based in Penang and the other is located in Vietnam. Combined, they have a total production capacity of 18,800 metric tonnes (MT) a month, supplying in excess of 3,000 types of fastener products such as screws, nuts, and bolts. Chin Well derives 35% of its total