Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sat, 4 Jul 2020, 9:49 PM

 

RGT (RAPID GROWTH TECH) More Salient Factors You Should Know, Calvin Tan Reseach

Author:   |    Publish date:


Good evening 

And here are more Highlights on RGT

1) LATEST QUARTERLY REPORT SHOWS GREAT OPTIMISM (Please refer to Latest qtr report)

See

It has Rm29 Millions in Cash or 5.22 sen a shares

 

At 25 sen RGT has 20.9% in Net Cash

 

2) By Virtue of Its Business centering around Health Care They Operate During MCO Lock-down

See

UNUSUAL ITEMS DUE TO THEIR NATURE, SIZE OR INCIDENCE
On 18 March, 2020, the Malaysian Government has imposed a Movement Control Order (“MCO”)
in view of the Covid-19 pandemic. This MCO measure has not significantly affected the Group as
we have obtained the approval from the Ministry of International Trade and Industry (“MITI”) of
Malaysia to continue to operate during this period with certain conditions, which we are currently
practicing in our workplace.
On 28 April, 2020, MITI has further announced to allow companies with earlier approval to operate
during the MCO period to increase its operating capacity to 100% without limitation on operating
hours beginning 29 April, 2020. The Group is currently on full capacity.
Therefore, there were no unusual items affecting assets, liabilities, equity, net income or cash
flows during the current interim period.
 
Read again 
 
 The Group is currently on full capacity.
 
Business is so good they operate 7 days a week with overtime to meet Huge Demand for Sanitizer Dispenser both for USA as OEM and their own local business as OBM
 
3) COMMENTARY ON PROSPECT
Despite the economic challenges caused by the earlier trade war and Covid-19 pandemic, the
prospect of the Group is expected to remain positive for the coming year for our products relating
to Hygiene Care which is widely used to prevent and control the spread of infectious diseases,
which includes the unprecedented Covid-19 pandemic.
We have received encouraging sales orders from our customer from United States of America and
Europe following the rapid spread of Covid-19 to those continents.
Going forward, there is growing demand for our Group to provide value added services for our
products and services.
 
Read once more
 
Going forward, there is growing demand for our Group to provide value added services for our
products and services.
 
 
THERE IS GROWING DEMAND?
 
THERE IS HUGE PENT UP DEMAND JUST LIKE GLOVES!
 
COVID 19 IS AN EMERGENCY!!!
 
THEIR PRODUCT SAVES LIVES!!
 
4) THESE ARE PROFESSIONAL PEOPLE WHO BELIEVE IN THEIR PRODUCTS
 
IF FACT THEY BELIEVE EVEN MORE IN THE PROSPECT OF RGT AS A RAPIDLY GROWING COMPANY
 
RGT ALREADY OWNED 60% OF RGT BUSINESS
 
DIRECTORS WANTED TO SELL THE BALANCE OF 40% BY ONLY ASKING FOR NEW SHARES OR 17 SEN PER SHARE.
THIS WAS REJECTED BY SC
 
Ha! This Strong Faith In RGT was last year BEFORE Covid 19 Struck That Gave The Booster for Sanitizer Dispenser Sales.
Now FULLY 100% SOLD OUT
 
So Do they also PRE SOLD THE STOCKS YET TO BE PRODUCED FOR THE MONTHS AHEAD?
 
See what they do?
 
Read again 
 
 The Group is currently on full capacity.
 
 
5) Do We See More Evidence That They Are Sanguine over Company's Future?
 
YES, Where To Look?
 
See how they bought up RGT WARRANTS
 
 
 
 

WHEN DID THEY BUY THESE SHARES AND WARRANTS FROM ?

 

See

 

Director's Particular:

Name SEE TECK WAH

Details of Changes:

Currency -

 

Date of Change Type Number of Shares Price
  10-Jun-2019 Acquired 4,168,500 0.085
  Registered Name  Affin Hwang Nominees (Tempatan) Sdn Bhd
  Nature of Interest  Direct Interest
  Consideration  0.085

 

Nature of Interest Direct Interest
Shares Warrants 2018/2023
Reason Direct Interest - Off Market Deal via Affin Hwang Nominees (Tempatan) Sdn Bhd
Consideration -

Total no of securities after change

Direct (units) 4,168,500
Direct (%) 2.39
Indirect (units) 26,742,573
Indirect (%) 15.33
Total (units) 30,911,073
Total (%) 17.72
Date of Notice 11-Jun-2019

 

DIRECTOR BOUGHT WARRANT ON  10 JUNE 2019 LONG BEFORE COVID 19 STRIKES

8.5 sen with 10 sen conversion cost equals 18.5 sen

Buy mother at 15 sen will be much cheap unless

Unless

UNLESS THEY SEE BULLISH TIMES AHEAD COMING FOR RGT

Beause Warrants & Call warrants are Instruments of Bull Run!

Warrants Amplify Gains on the Upside & Exarcerbate losses on the downside.

SO THEY MUST BE VERY BULLISH ON RGT FUTURE PROSPECTS FOR BUYING INTO WARRANTS!!

AND STILL HOLDING UNTIL NOW.

THEY SEE AHEAD THAT RGT WILL GROW RAPIDLY WITH A VERY BRIGHT FUTURE

So Now We Know

 

HAPPILY RGT IS STILL FAIRLY CHEAP AT ONLY 25 SEN

DO WE ALSO HAVE A FUTURE BUYING INTO RGT?

Hopefully,

 

RGT Now is 25 Sen

Target Price is a modest 50 Sen

If Bull Demand for touchless Sanitizer Dispenser Spiral Up Then Rm1.00 Target also possible

 

Best regards

 

Calvin Tan Research

Singapore

 

Please buy or sell after doing your own due diligence

 

Below is RGT Factory with Clean room  & Robots for production of high skilled goods

Rapid Growth Technology Sdn Bhd | LinkedIn

 

 

 

Share this

  2 people like this.
 
calvintaneng Investment banks curbing Margin loans for glove stocks might push people to other healthcare stocks like Nylex and Rgt which are laggards and still cheap and therefore safe to buy
02/06/2020 7:58 AM
okdoke Hi Calvin, there are three big customers contributing RM76 Million revenue to RGT. Do you know them? Appreciate if you can research for me? thanks
02/06/2020 12:16 PM
calvintaneng Okdoke

Will ask and see
02/06/2020 1:02 PM
Huat huat 2020 Next LIMIT UP counters.
02/06/2020 1:04 PM
eddyng3300 Looks good
02/06/2020 1:10 PM
csphang seems like rising now. can buy at current price 0.33? Still consider cheap?
02/06/2020 1:17 PM
Huat huat 2020 Definitely

Dont wait until it limit up only buy
02/06/2020 1:34 PM
calvintaneng Rgt - RG TECHNOVATION
08/06/2020 9:41 AM


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