WELLCAL – FY16 Q4 (2 Feb 2017)

Before CNY, I have accumulated some units of WELLCAL. Here is my analysis file: https://doc.co/JhXzES.

I believe that with the recovery of US economy and rise of construction projects, demand for industrial rubber hoses will continue to see a gradual recovery. Meanwhile, the additional capacity from Plant 3 supports WELLCAL in further strengthening its position in the market with a wider range of industrial hose.

In terms of valuation, at the level RM2.0, I think WELLCAL valuation is quite attractive, even if in the bad scenario.

wellcal-fy16-q4-valuation

 

 

 

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