Songbai Lian - Chain Chon Independent Director

5014 Stock  TWD 14.75  0.10  0.68%   

Director

Lian Songbai was serving as Independent Director of Chain Chon Industrial Co., Ltd. since June 25, 2008. Lian is also Chairman of the Board in an electronic company. since 2008.
Tenure 16 years
Phone886 3 384 1688
Webhttps://www.chainchon.com

Chain Chon Management Efficiency

The company has return on total asset (ROA) of 0.0509 % which means that it generated a profit of $0.0509 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1921 %, meaning that it generated $0.1921 on every $100 dollars invested by stockholders. Chain Chon's management efficiency ratios could be used to measure how well Chain Chon manages its routine affairs as well as how well it operates its assets and liabilities.
Chain Chon Industrial has accumulated 78.62 M in total debt with debt to equity ratio (D/E) of 1.79, which is about average as compared to similar companies. Chain Chon Industrial has a current ratio of 1.09, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Chain Chon until it has trouble settling it off, either with new capital or with free cash flow. So, Chain Chon's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Chain Chon Industrial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Chain to invest in growth at high rates of return. When we think about Chain Chon's use of debt, we should always consider it together with cash and equity.

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Chain Chon Industrial Co., Ltd. manufactures and sells stainless steel products in Taiwan and internationally. The company was founded in 1980 and is headquartered in Taoyuan City, Taiwan. CHAIN CHON is traded on Taiwan OTC Exchange in Taiwan. Chain Chon Industrial (5014) is traded on Taiwan OTC Exchange in Taiwan and employs 70 people.

Management Performance

Chain Chon Industrial Leadership Team

Elected by the shareholders, the Chain Chon's board of directors comprises two types of representatives: Chain Chon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chain. The board's role is to monitor Chain Chon's management team and ensure that shareholders' interests are well served. Chain Chon's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Chain Chon's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jianheng Huang, Independent Director
Peiyuan Lin, Independent Director
Wenzheng Zhang, Independent Director
Ching Li, Chief Chairman
Lanying Xu, Director
Zhuxi Huang, Director
Dongjie Liu, Director
Shishan Lin, Director
Songbai Lian, Independent Director
Yingcong Guo, Director
Congqi Huang, Director
Qingbai Li, Chairman of the Board, General Manager
Yousong Li, Director
Qingyang Yu, Director
Hongzhong Lu, Director
Wenhui Song, Deputy General Manager-Finance Division, Head of Finance

Chain Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Chain Chon a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Chain Chon

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chain Chon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chain Chon will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chain Stock

  0.712002 China Steel CorpPairCorr
  0.622014 Chung Hung SteelPairCorr
The ability to find closely correlated positions to Chain Chon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chain Chon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chain Chon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chain Chon Industrial to buy it.
The correlation of Chain Chon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chain Chon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chain Chon Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chain Chon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Chain Stock Analysis

When running Chain Chon's price analysis, check to measure Chain Chon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chain Chon is operating at the current time. Most of Chain Chon's value examination focuses on studying past and present price action to predict the probability of Chain Chon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chain Chon's price. Additionally, you may evaluate how the addition of Chain Chon to your portfolios can decrease your overall portfolio volatility.