to quote the earlier website " ... Polypropylene (PP) nonwoven fabrics market size exceeded $27 billion, globally in 2019 and is estimated to exceed above 11% CAGR between 2020 and 2026. Rapid demand for adult incontinence and hygiene products will foster market growth during the forecast period." ...

PP nonwoven is not only for face masks...

https://www.google.com.sg/amp/s/www.gminsights.com/industry-analysis/polypropylene-pp-nonwoven-fabrics-market-report/amp

Do also look at Oceancash PE ratio... :-)

https://www.businesswire.com/news/home/20200420005649/en/Global-PP-Nonwoven-Market-2020-to-2028---Low-Cost-Labor-in-Emerging-Economies-Presents-Opportunities---ResearchAndMarkets.com

https://www.prnewswire.com/news-releases/147-billion-poly-vinyl-chloride-global-market-report-2019-to-2023---understand-customers-based-on-the-latest-market-research-findings-301013335.html

Forward EPS (before further growth) --> Assume last 2 Qtrs x 4 = ~ 8 sen
Forward PE Ratio = ~ 10-11 at current prices

(1) Look at rest of similar industry stocks PE ratio
(2) Private Placement to me is good news.. Why ?

2 (a) Bigger share float (look at rest of similar industry stocks in Malaysia)
2 (b) Someone willing to take a big chunk - Why ? no one is gonna take the huge PP
unless there is going to value accretive growth business from the additional funds

Dividends are once off but growing revenue and bottom line is much better from an investor point of view... higher earnings on same share base...

Guys... if u do a real cross comparison of what they paid for the land in seberang prai vs what is in the market right now you may salivate...

These guys know what they are doing.

Patience will be rewarded.. Someone has been steadily accumulating the free float...

https://www.cnbc.com/2021/01/28/stock-futures-decline-as-volatile-wall-street-week-continues.html

seriously... just hang on... all stars aligned for them now... right sector at right time...

they are involved in 5G... https://www.eg.com.my/social.html

https://www.theedgemarkets.com/article/cgscimb-upgrades-semiconductor-sector-overweight-5g-network-proliferation-ev-penetration

@didi7349 ... very astute

https://www.solarpowereurope.org/wp-content/uploads/2019/07/SolarPower-Europe_Global-Market-Outlook-2019-2023.pdf

https://www.theedgemarkets.com/

another forgotten wild card... the Solar Business

" As for the solar segment, one of the factory buildings of subsidiary TS Solartech Sdn Bhd, which made solar panels, has been rented out. However, the company continues to generate income from solar energy arising from the solar panel installed.

“We have been renting out the second building since last year, so the rental and solar income contribute close to RM500,000,” says Eng Chun.

He adds that the closure is temporary and there are no plans to shut the factory permanently.... "

Naim starting to make a move today...

Hint 1:
https://www.klsescreener.com/v2/stocks/chart/8907
(huge volume build in Q4 2015 preceding a price increase... this similar volume build has not returned till Q2 2020)
ps. need to zoom into the 10 year chart ...

Hint 2:
https://www.eg.com.my/product.html

1) Mycloud storage:
https://virtualizationreview.com/articles/2020/06/03/mariadb-survey.as...
https://data-economy.com/live-covid-19-coronavirus-news-how-the-data-c...

2) Face masks: (ASPs may be controlled) but wise to compare pre COVID 19 prices to prices now. No countries will dare to implement draconian lockdowns seen in past 2-3 months as economic costs are too devastating. Face masks are here to stay for quite a bit...

3) Polymer prices are low now. Wonder how much of EG's products have polymer contents (costs).

4) Malaysia & Thailand COVID-19 cases now very low vs ROW. Where are EG's mfg plants ?

Profits from glove stocks by funds (in M'sia) need to be reploughed eventually.. which stock has a decreasing fwd PE profile over next 2 years ? :-)

:-) ... been quietly observing GP.... only 1 comment for now.. July is one day away... :-)

https://www.thestar.com.my/business/business-news/2019/07/08/sarawak-energy--set-to-export-electricity-to-sabah-by-2022

https://www.sarawakenergy.com/assets/pdf/announcements/Eng-Adv-V1P-Press-Quality.pdf

Very surprised this gem is overlooked by many :-

1) Check out their cash position
2) Profitability in Q1 2020 in-spite of COVID-19
3) Mgmt and company share buyback
4) https://www.malaysiakini.com/news/511181(spillover benefits)

Just add their NTA by expected EBITDA over next few years and you can guess what could happen in 2-3 years time (maybe earlier).

:-) ... Patience will bear fruit if one scrutinizes this co's balance sheet and P&L ...

Before it's too late, remember the following :-

1) https://www.malaysiakini.com/news/511181
2) It's loss making helicopter business is history
3) Guess who monopolizes power cables and transmission lines in Sarawak (we wonder :-) )
4) Medan hydropower contribution coming in soon
5) Private placement exercise didn't materialize (to me it's good - less dilution) & also a sign they are not in dire need of cash

Always be in the bandwagon early. Too late once the above has materialized.

This one calls for patience and LT View.. concessionary based income... one more long term asset (i.e. Solar), will change the whole picture... Company has been run for many years by able management team.