THE INVESTMENT APPROACH OF CALVIN TAN
MTAG (0213) MTAG ANOTHER GLOVE & FACE MASK BULLRUN STOCK ,IT IS FACE MASKS & RESPIRATORS DISTRIBUTORS, Calvin Tan Research
calvintaneng
Publish date: Tue, 28 Apr 2020, 09:26 AM
calvintaneng
0 1,801
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear Friends
The Strong Bull Run in Glove Stocks have broken out in New Records due to Covid 19
Our latest uncovered Gem is MTAG
A Cash Rich Company
Strong earnings
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
45,811
|
0
|
94,890
|
0
|
| 2 | Profit/(loss) before tax |
13,481
|
0
|
22,570
|
0
|
| 3 | Profit/(loss) for the period |
10,540
|
0
|
17,039
|
0
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
10,540
|
0
|
17,039
|
0
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.55
|
0.00
|
2.50
|
0.00
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.2900
|
0.1800
|
||
At 1.55 last quarter
Forward E annualised 1.55 X 4 = 6.2 sen
At 43 sen MTAG P/E = 6.93 only
IF WE TAKE P/E 10 = 69.3 Sen
IF P/E 15 = Rm1.03
IF WE TAKE THE AVERAGE P/E OF GLOVE AT 30
Then 69.3 x 30 = Rm2.07
Is Rm2.07 our Target Price?
Of course not
A very fair target price of 60 sen to 70 sen should suffice
If in a frenzy of mad bull like Adventa or LKL then Rm1.00 very possible for Mtag
Since MTAG is so Undervalue the Boss is buying
See Boss buying
| MR CHAW KAM SHIANG | 19-Mar-2020 | Acquired | 300,000 | 0.210 |
 |
| MR CHAW KAM SHIANG | 19-Mar-2020 | Acquired | 200,000 | 0.205 |
|
| MR CHAW KAM SHIANG | 16-Mar-2020 | Acquired | 400,000 | 0.286 |
|
| MR CHAW KAM SHIANG | 16-Mar-2020 | Acquired | 100,000 | 0.275 |
|
| MR CHAW KAM SHIANG | 16-Mar-2020 | Acquired | 100,000 | 0.270 |
|
| MR CHAW KAM SHIANG | 16-Mar-2020 | Acquired | 100,000 | 0.265 |
|
| MR CHAW KAM SHIANG | 16-Mar-2020 | Acquired | 100,000 | 0.240 |
|
| MR CHAW KAM SHIANG | 09-Mar-2020 | Acquired | 500,000 | 0.363 |
At 43 sen it looks undemanding
See it has
GLOVES
FACE MASKS
RESPIRATORS
CLEANROOM WIPERS
After Singapore made it mandatory for all Singaporeans to wear masks on leaving home
Malaysia Airline also made it Compulsory to wear mask
Latest News is Airasia also require all passengers to wear masks
So MTAG have Gloves, Face Masks, Respirators & Others Health protecting PPE should do well
Price Now 43 sen
Target price is 60 sen to 70 sen
If Glove rampaging bull goes mad then over Rm1.00
Best regards
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence
In doubt please consult your remisier or Fund manager
FACE MASKS
RESPIRATORS
CLEANROOM WIPERS
After Singapore made it mandatory for all Singaporeans to wear masks on leaving home
Malaysia Airline also made it Compulsory to wear mask
Latest News is Airasia also require all passengers to wear masks
AirAsia
So MTAG have Gloves, Face Masks, Respirators & Others Health protecting PPE should do well
Price Now 43 sen
Target price is 60 sen to 70 sen
If Glove rampaging bull goes mad then over Rm1.00
Best regards
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence
In doubt please consult your remisier or Fund manager
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Discussions
2 people like this. Showing 8 of 8 comments
It was said that Mtag majority business comes from Dyson
Mtag doing PPE for cleanroom protection for Dyson
Dyson boss has migrated from UK to Spore now a PR of Spore
He wants to be close to his factories and suppliers
If Dyson is good Mtag should do well
Latest news is dyson going to make ventilators for covid 19
2020-04-28 14:03
APA LANPA ALSO RELATED TO COVID19, HOW ABOUT UR NETX?ARE THEY MAKING VENTILATOR OR DEVELOPING THE VACCINES?
2020-04-28 14:12
Karim
Yes Uk has cancelled orders from Dyson
But Dyson boss said it might still be of use to other countries
Since Mtag is into gloves face masks and respirators they can always scale up sales
Even Dyson only took 30 days to create a ventilator
2020-04-28 14:37
MTAG
MR CHAW KAM SHIANG 19-Mar-2020 Acquired 300,000 0.210 View Detail
MR CHAW KAM SHIANG 19-Mar-2020 Acquired 200,000 0.205 View Detail
MR CHAW KAM SHIANG 16-Mar-2020 Acquired 400,000 0.286 View Detail
MR CHAW KAM SHIANG 16-Mar-2020 Acquired 100,000 0.275 View Detail
MR CHAW KAM SHIANG 16-Mar-2020 Acquired 100,000 0.270 View Detail
MR CHAW KAM SHIANG 16-Mar-2020 Acquired 100,000 0.265 View Detail
MR CHAW KAM SHIANG 16-Mar-2020 Acquired 100,000 0.240 View Detail
MR CHAW KAM SHIANG 09-Mar-2020 Acquired 500,000 0.363
MR, CHAW KAM SHIANG BOUGHT 1.8 MILLION SHARES IN MARCH 2020 WHEN MARKET WAS SOLD DOWN IN GREATEST FEAR
WHY IS HE SO FEARLESS BUYING
2020-04-28 21:12
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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