THE INVESTMENT APPROACH OF CALVIN TAN

RGT OR RAPID GROWTH TECH (9954) Growing Faster Than Frontken, Mi, DNex & MMSV , Calvin Tan Research

calvintaneng
Publish date: Sun, 11 Apr 2021, 10:56 PM
calvintaneng
0 1,801
Hi Guys,

I have An Investment Approach I which I would like to all.

Hi guys,

If you own Palm Oil Stocks please don't sell them to buy RGT Bhd. Only buy Rgt Bhd with extra spare Cash. Or else just Hold on Tightly to all Palm Oil Shares for a Multi Year CPO Bull Run

Ok let's look at RGT BHD (9954)

RGT BHD was first recommended at around 23 sen. It shot past 30 sen to reach 40 sen in a very fierce bull upside.

But Calvin saw RGT BHD only got one factory and so price has outrun fundamental & insider Boss also taking profit

So Calvin told all to take profit.

Alas! For those who overpaid as high as 69 sen  have seen prices retraced back near 40 sen

NOW WHY IS CALVIN BULLISH AGAIN ON RGT BHD?

Answer:

1) RGT BHD HAS GONE INTO 2 SHIFTS. BOTH DAY SHIFT AND NOW ADDED NIGHT SHIFT TO MAKE IT 24 HOURS NON-STOP PRODUCTION TO SCALE UP TO MEET DEMAND

2) RGT BHD ALSO CONVERTED THE NEXT DOOR WAREHOUSE FOR MORE PRODUCTION LINES

3) AND BOUGHT A NEW LAND WITH BUILDING TO STORE FINISHED GOODS CHURNED OUT NON STOP 24 HOURS A DAY

4) FINALLY IT HAS PROCURED ANOTHER FACTORY TO DO PRECISION PAINTING

ALL THESE NOW ADDED STRONG BOOSTER TO SCALE UP PRODUCTION LIKE NEVER BEFORE

AS A RESULT PROFIT HAS JUMPED BY OVER 100% AND STILL RACING UP

See how sanguine the reports from RGT BHD Management

With the strong increase in demand for hygiene care products such as sanitizer and soap
dispensers, the Group earned a revenue of RM45.37 million, an increase of RM28.23 million or
165% compared to the revenue of the corresponding preceding quarter of RM17.14 million. This
resulted the Group in earning a cumulative revenue of RM87.12 million for the 6 months ended 31
December 2020, which was an increase of RM51.35 million or 144% compared to the revenue for
the cumulative corresponding preceding quarter of RM35.77 million.
In the view of the strong revenue growth, the Profit before Tax also increased by 318% from
RM4.02 million to RM16.79 million, compared to the cumulative corresponding preceding quarter.
 
COMMENTARY ON PROSPECT
The Group is experiencing strong demand for its Hygiene Care Products which are widely used to prevent and control the spread of infectious diseases, including the COVID-19 pandemic. As a result of this, new production lines and machineries were added in this quarter to increase its production capacity to cater for future sales.
However, with new customers and additional products in the pipeline (from the effect of the US-China trade war), the Group is working towards installing more production lines and machineries in an effort to increase its production capacity to meet the demand for our products.
Since the completion of the acquisition of the adjacent factory in September 2020, the Group has commenced with the expansion and will eventually have double the current production floor and warehousing space.
As at the date of this report, we have completed the 1st phase of conversion of the adjacent factory to a full warehouse facility while the remaining phases to expand the production floor and office block is still in progress and the final completion is planned for October, 2021. This future facility will not just meet current demand growth but also from new products developed by our internal Research and Development Department
 
NO WONDER THAT GENETEC BOSS HAS JUST BOUGHT 2 MILLION RGT BHD SHARES AT 40.5 SEN
 
SEE
 

Changes in Director's Interest (Section 219 of CA 2016)

RGT BERHAD

Information Compiled By KLSE

Particulars of Director

Name DATO LIM YONG JIN
Descriptions(Class) Ordinary Shares

Details of changes

No
Date of change
No of securities
Type of transaction
Nature of Interest
1
08/04/2021
2,000,000
Acquired
Direct Interest
Name of registered holder Dato' Lim Yong Jin
Description of "Others" Type of Transaction  
Consideration (if any) 0.405

Circumstances by reason of which change has occurred
Off Market Deal.
Nature of interest
Direct Interest

Total no of securities after change

Direct (units) 2,000,000
Direct (%) 0.307
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 08/04/2021
 
 

AND LET CALVIN ASSURE YOU. AT 40.5 SEN IS THE SAME CURRENT CLOSING PRICE (CALVIN NEVER PUMP UP SHARES AND THEN TELL PEOPLE TO BUY AND THEN THROW TO THEM. CALVIN ALWAYS TELL ALL TO BUY WHILE CHEAP)

 

NOW IS RGT BHD CHEAP?

YES IF YOU CAMPARE 

RAPID GROWTH TECH (RGT) TO OTHER TECH STOCKS

Look at Forward P/E (4 qtrs, growth stock still future so we use Future P/E as benchmark , not NTA)

 

RGT BHD

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2020
31 Dec 2019
31 Dec 2020
31 Dec 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
45,365
17,142
87,121
35,766
2 Profit/(loss) before tax
7,797
1,628
16,794
4,016
3 Profit/(loss) for the period
6,800
1,500
13,857
3,369
4 Profit/(loss) attributable to ordinary equity holders of the parent
4,089
1,012
8,350
2,224
5 Basic earnings/(loss) per share (Subunit)
0.64
0.18
1.30
0.39
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
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 ($$)
0.1552
0.1132

 

At 0.64

Forward 4 x 0.64 

= 2.56 sen

Rgt Bhd last closing price 40.5 sen

P/E = 15.82

That means RGT BHD will take 15.82 years to double your money.

 

FRONTKEN

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2020
31 Dec 2019
31 Dec 2020
31 Dec 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
101,036
88,888
368,319
339,911
2 Profit/(loss) before tax
31,280
24,490
114,252
96,261
3 Profit/(loss) for the period
25,250
19,585
88,317
74,228
4 Profit/(loss) attributable to ordinary equity holders of the parent
23,290
18,199
81,967
69,170
5 Basic earnings/(loss) per share (Subunit)
2.22
1.74
7.82
6.60
6 Proposed/Declared dividend per share (Subunit)
2.80
1.50
4.00
2.50
   
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 ($$)
0.4200
0.3600
 

 

EPS is 2.22

Forward 4 qtr is 2.22 x 4 = 8.88

is Rm5.21

P/E is 58.67

So it will take 58.67 years long to double your money

 

 

Mi Technovation

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2020
31 Dec 2019
31 Dec 2020
31 Dec 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
67,569
68,215
229,004
191,135
2 Profit/(loss) before tax
14,694
17,705
55,725
59,530
3 Profit/(loss) for the period
13,219
17,506
53,722
59,166
4 Profit/(loss) attributable to ordinary equity holders of the parent
13,214
17,506
54,017
59,166
5 Basic earnings/(loss) per share (Subunit)
1.77
2.34
7.20
7.91
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
3.00
4.00
   
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 ($$)
0.5200
0.5100

Definition of Subunit:

 

EPS is 1.77 sen

Forward 4 Qtrs is 1.77 x 4

7.08 sen

Current price of Mi is Rm4.29

P/E is 60.59 so it will take over 60 years to double your money

 

DNEX

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
Three Months
Three Months
Twelve Months
Twelve Months
01 Oct 2020
To
01 Oct 2019
To
01 Jan 2020
To
01 Jan 2019
To
31 Dec 2020
31 Dec 2019
31 Dec 2020
31 Dec 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
63,328
87,340
239,520
290,486
2 Profit/(loss) before tax
18,961
7,048
-4,254
47,577
3 Profit/(loss) for the period
12,362
308
-9,078
35,497
4 Profit/(loss) attributable to ordinary equity holders of the parent
15,100
-3,727
1,096
30,037
5 Basic earnings/(loss) per share (Subunit)
0.79
-0.21
0.06
1.71
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
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 ($$)
0.2600
0.2700
 

 

 

EPS for DNex is 0.79

Forward 4 qtr is 0.79 x 4 = 3.16 sen

Dnet current price is 82 sen

P/E is 25.94 (It will take 25.94 years to double your money)

 

MMSV

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2020
31 Dec 2019
31 Dec 2020
31 Dec 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
7,565
11,471
22,698
43,008
2 Profit/(loss) before tax
654
2,424
1,710
8,231
3 Profit/(loss) for the period
819
2,622
1,840
7,579
4 Profit/(loss) attributable to ordinary equity holders of the parent
819
2,622
1,840
7,579
5 Basic earnings/(loss) per share (Subunit)
0.41
1.32
0.93
3.82
6 Proposed/Declared dividend per share (Subunit)
0.00
1.00
1.00
2.00
   
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 ($$)
0.3000
0.3100

 

EPS is 0.41

Forward 4 qtr is 0.41 x 4 = 1.64 sen

Current price of MMSV is 98 se

P/E is 59.75 (will take 59 years to double your money)

 

Of course this is a simple forecast as things might change for better or worst in next 3 qtrs

Above is only a simple comparison

 

However, from the Sale of Handsfree Sanitizer in Singapore we can "SEE" Rubbermaid product by RGT BHD is selling well

 

See

 

THESE HANDS FREE SANITIZER DISPENSER ARE SELLING WELL IN USA, UK, SINGAPORE & AUSTRALIA

FIGHT AGAINST COVID 19. GLOVES, FACE MASK ARE TO PROTECT

SANITIZER IS THE ONLY OFFENCE AS IT ATTACKS & KILLS COVID 19

 

RGT BHD now 40.5 Sen

See if it will break the recent high of 69 sen which will see a fair 70% rebound

Since Esceramic has gone up so can we also expect RGT Bhd to go up as well?

 

Kindest  Regards

 

Calvin Tan Research

 

Please buy or sell after doing your own due diligence. In doubt please consult your own Remisier or Fund Manager

 

 

 

Discussions
3 people like this. Showing 3 of 3 comments

calvintaneng

RGT OR RAPID GROWTH TECH (9954) ANOTHER POTENTIAL SANITIZER THEME, Calvin Tan Research
Author: calvintaneng | Publish date: Mon, 1 Jun 2020, 8:26 PM

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-01-story-h1507952086-RGT_OR_RAPID_GROWTH_TECH_9954_ANOTHER_POTENTIAL_SANITIZER_THEMED_LIMIT_.jsp

2021-04-11 23:00

calvintaneng

Ckk2266 clicked likes

You are always welcome to true and genuine value investing

2021-04-12 11:56

calvintaneng

With Covid 19 resurgence now many homes also install Sanitizer dispenser for protection

Rgt Bhd will do very well

2021-04-12 21:02

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