LETS JOIN KIM'S STOCKWATCH GROUP?
Date : 10 August 2020
HLT GLOBAL BERHAD
LET'S IT FLY TOMORROW FOR LIMIT UP!
TODAY NEWS : HLT Global Bhd aims to raise RM236.14 million to RM324.68 million through a private placement of 20% of its issued shares to build a new rubber glove manufacturing plant.
The private placement will add anywhere between 105.42 million to 144.95 million new shares. The indicative price per placement share is 2.24%, a 9.69% discount to its five-day volume weighted average price of RM2.48. About RM205 million to RM300 million of the proceeds will be used to partly finance land acquisitions, as well as factory construction and glove dipping lines for the plant. It expects production to increase to between 4.1 billion to 5.3 billion pieces, from one billion pieces a year at present.
3 points for cushion it to fly tomorrow are :-
1. Private Placement at RM2.24
2. Private Placement to increase production line. From 1bil existing to 5.3 bill max pieces
3. Most of the fund use for business expansion and not to use for other purpose. 90% use for business expansion
4. No bad debt and just a small borrowing, will make it surge above my target soon.
WHAT KIM SAY?
"I have no doubt after I went through more details on this vessel engine. I am captain for KGT, I did called my crew to onboard, so "The captain is last to leave a sinking ship". Lets see tomorrow another round to LIMIT UP!"
"Do you believe it? - Kim
WHAT THEY DO?
HLT Global Berhad through its sole subsidiary, HL Advance Technologies (M) Sdn Bhd (HL Advance), is principally involved in the design, fabrication, installation, testing and commissioning of glove-dipping lines, the provision of upgrading and modification works for glove-dipping lines, and the supply and trading of associated parts and components.
The glove-dipping lines produced by them can be designed to cater for the manufacturing of natural and/or synthetic rubber gloves.
Their customers are rubber glove manufacturing companies involved in the production of natural and/or synthetic rubber gloves used across various industries including medical, industrial and food processing industries.
Since their commencement of business operations in 2009, their products have been sold within Malaysia and to other countries such as Thailand, Indonesia, Vietnam, China, India and Saudi Arabia.
KIM'S PERSONAL VIEW :-
3. Supply and trading of the associated parts and components
HLT - Comparing the result from Q4'19 vs Q1'20. Attribute to the impairment loss from customer and high operating cost incurred on Q4'19 that caused HLT suffer a net loss of RM2.2mil. Otherwise, HLT may easily generate a consistent Net profit on every quarter from Q2'19 with the effort from the management to monitor and improve the cost control even the revenue is dropping from the passed three quarters. The future prospects of this company is very good as the management is positively looking for better results from the coming quarter due to high demand.
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