peggy99

This Technology Stock Might Have Potential to Double Soon?!

Peggy99
Publish date: Tue, 25 Jun 2024, 07:45 PM

MCLEAN - STOCK CODE 0167

​After selling off all its shares in publicly listed EG two years ago, Accrelist Group, the former largest shareholder of EG, has been on the lookout for new investment opportunities. The latest move is acquiring a 30% stake in MCLEAN, making it the single largest shareholder overnight.

When examining the investments in various data centers across Malaysia, we notice that the majority of investors are from the United States, including the largest one, Google Data Center. The data capacity and sterile, dust-free daily maintenance required by these data centers are also worth noting.

With Google and Seagate both being American companies, do you think Seagate will benefit from this?

In fact, a few months ago, Seagate's factory in Thailand already showed some activity. The service provider designated by Seagate for HDD surface cleaning has quietly set up a plant in Thailand a few months ago to prepare for upcoming collaborations. You can check MCLEAN's financial report for details about their plant in Thailand. MCLEAN and Seagate have established a trustworthy relationship many years ago.

Previously, Accrelist cashed out nearly 30 million MYR through Jubilee by selling EG. Now, investing in MCLEAN should align with the current major trends. Accrelist & Jubilee can provide the best financial and material support to MCLEAN.

Take a look at JCY's recent performance. Given their strength and relationships, would Google cooperate with Seagate or JCY?

If Seagate's chances of success are higher than JCY's, then MCLEAN's performance should not be worse than JCY's.

If Seagate and MCLEAN lacked confidence in each other, they wouldn't have spent money and time setting up a plant in Thailand for mutual cooperation.

MCLEAN's expertise in sterile, dust-free cleaning technology is not something all companies can master.

Accrelist's subsidiaries primarily invest in MBU & EMS. Accrelist itself is also the full owner of AM Aesthetic, the largest medical aesthetics group in Singapore, which is reported to soon have four medical aesthetics clinics operating in Shanghai.

The most logical scenario would be a triangular relationship in some data service among Google, Seagate, and MCLEAN.

In the best-case scenario, could Accrelist inject all its medical aesthetics clinics into MCLEAN, making MCLEAN not only Seagate's largest service provider but also diversifying its business to become a listed holding company and the largest listed medical aesthetics company in Malaysia?

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