Established in 1996, Wellcall manufactures rubber houses for six major application markets including air and water, welding and gas, oil and fuel, automobile, ship building, and food and beverage. Owing to its research and development initiatives, Wellcall is able to manufacture a wide range of high-quality rubber hoses through the mandrel or extruded process. The company has a global presence and can count customers from the Middle East, Europe, USA, Canada, Australia, New Zealand, Asia, Russia, Africa and South America.
In the past 12 years, Wellcall has demonstrated a notable financial track record with an average ROE of 23.3%. It has also maintained consistent gross profit and net profit margins since it listed in 2006. I wanted to know more about the company and took a two-hour drive to Malacca to attend its annual general meeting.
Here are seven things I learned from the 2019 Wellcall AGM: