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Mclean heading for a better start in 2022 with new HDD customer order and oil and gas industry rebound
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It had been a rough ride for Mclean investor for year 2021. Share price of Mclean had saw a good 300% upswing before settling down around the range of 30 cents.
However, what is still keeping Mclean attractive in 2022 ?
1. HDD segment continue to see better demand in enterprise cloud storage solution.
Seagate, one of Mclean key customer had ramp up production for it's 20TB HDD production to meet mass data growth demand. This will directly improve key performance for Mclean
Seagate Ramps 20 TB HDD Shipments Answering Mass Data Growth | News Archive | Seagate ASEAN
2. Mclean secured new customer with new orders for 2022
In a report sighted, Mclean had indicate on new customer secured for it's services in Thailand for precision cleaning and surface treatment. While it had not indicated which customer, the established HDD player in Thailand will be Seagate and Western Digital.
3. Revival in Oil and Gas industry
Oil and Gas industry had call for more capital investment and ramp up activity in order to meet the demand post covid-19, where economy had start to normalize. The activity in cryptocurrency is also pushing more usage in energy.
Mclean through it's subsidiary DWZ Industries Sdn Bhd is involve in precision cleaning and surface treatment for oil and gas customer. The higher activity ratio in the oil and gas industry will see more demand will contribute to DWZ Industries Sdn Bhd performance.
4. Mclean on a potential breakout with better fundamental outlook
Can Mclean make a cut above the resistant line in 2022 with better outlook from the HDD as well as O&G industry?
At the current price of RM 0.30, Mclean will definitely be a good watch out stock for year 2022.
IMPORTANT NOTICE
Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.
For latest information, can join us at
Blog https://targetinvest88.blogspot.com
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