Wellcall Holdings Bhd may not be on the radarscreens of most investors but it is undoubtedly still a gem among small market-capitalized companies. The industrial rubber hose maker has a strong balance sheet and dishes out consistent dividend payments. Judging from the recovery in its purchase orders in the last few months as well as the general upbeat prospects of the rubber products industry, Wellcall is slated for brighter days ahead. Some industry observers reckon that Wellcall could very well be the next TopGlove, a “honey” of the rubber products industry.
Wellcall is the largest exporter of rubber hoses and tubes in Malaysia. It began operations at its sole plant in Kinta, Perak, back in 1996. It was listed on the Second Board of Bursa Malaysia in July 2006 and was subsequently transferred to the Main Board in March last year. The group started off manufacturing and selling rubber hoses to three major application markets and has since expanded to more than six major application markets, which include the air and water, welding and gas, oil and fuel, automobile, ship building, and food and beverage industries.