Possible Pullback Entry?

Malaysian-listed Chin Well Holdings Berhad, an investment holding company, engages in the manufacture and trade of fastening and wire products primarily in Malaysia, Vietnam, and other Asian and European countries. The company’s products include screws, nuts, bolts, and other fastening products, as well as galvanized wire, annealing wire, hard drawn wire, PVC wire, bent round bar, and BRC wire mesh products.

As per the graph below, there may be potential pullback opportunity trade:

  • Possible pullback entry at 1.60
  • Target exit price at 1.85
  • Stop loss at 1.36
  • Expected Return-to-Risk Ratio = 1.04R 

5007.MY

Backing up the pullback entry:

1. Declining PE (i.e valuation not unreasonably overstretched)

Declining PE.png

2.Declining P/NTA (i.e valuation not unreasonably overstretched)

Declining PNTA.png

3.Balance sheet clean (i.e net cash)

NA.png

4.Expected positive prospects by Management

Prospects.png

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES.

Author: Ken Utau

Markets Observer + Food Lover

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