Another batch of selling coming...

Wary Wary on Next Qtr Result.... Should take profit first? Hmmm

@MataTiga Busy making money bro... :)) Together Huat ar...!

There May be more Selling coming.....

DNEX can reach TP of 0.50... Just look at past trend..

Losing gas a bit...

@BabyAce How come u call TekSeng as Apek? It should be more of an energetic bull (Ah Ngao) now... :)

Bull to continue.....

Banker's funds are back in TekSeng...

Come on Bull.... !!

Sui AHhhh..

Normally bull run will take a few days... come on bull..

Haha...

TP : RM1.20

Tekseng has much more potential than other mask producer cos TekSeng sell the material to most of them... So TekSeng is in the best position to reap the benefits !

Huat AR Huat AR... Still got a lot of Upsides......HUAT AR

Value buy!

Overall market down, Carepls will follow suit....

Like a Roller Coaster....

Its real value is more than this...

Just Hold on... it will rebound...

Overall market sentiment is not so good... also political reason

Good to collect... No worries

Yea cos lots of people still didn't notice this stock,..

Moving forward, the Group will focus on producing PP Non
Woven materials to cater for medical appliances

Good Profit! UP UP UP

TekSeng is producer of non-woven fabric which is used for the manufacturing of face masks and protective gowns.

Per the edge (29.6.2020), It's polypropylene (PP) non-woven manufacturing business is booked up to August as orders surged. And likely its production is booked even longer as of now due to higher demand as Malaysia impose compulsory mask usage from 1 Aug.

“It should be looking quite strong for now. PP non-woven prices shot up close to 300% in April and May and we are looking at 200% from June to August. Overall, we are seeing a price surge of over 200%,” Eng Chun says, adding that net profit margin has doubled to 15% from the 6% to 8% seen before the Covid-19 pandemic.

With that, Tek Seng, which has been running at full capacity of 300 tonnes per month, will double its production capacity when new machinery comes on stream in 3Q.

The company is looking to declare dividends again.

Tek Seng’s non-woven fabric is mainly for the domestic market while 60% of its PVC products are exported.

“Our buyers are mainly MEDICAL and MASK Players and almost all local mask players are our clients now. We are also shifting a bit to the export markets and we do sell to North America and Europe,” says Eng Chun.



Tekseng is in much better position to tap on the upside advantages compare to mask producer as it provides the raw material to almost ALL the mask players...

@happy investing You have to compare apple with apple, not apple and banana... what Luxchem do? (petrochemical products with poor outlook) Vs. What tekseng do? (raw material for mask with extremely bright outlook for at least the next 2-3 Qtrs)

Overall market sentiment not good... DJ future down

Losing Gas.. Pssssss

Sign of dumping coming...

This is not dip yet....

Sell volume coming again.......

Time to Collect Kao Kao when its down...

Tonnes of supply.... China, Thailand ...etc..

Ride the wave by take profit by sell first / hold, then buy back later...

Back to yesterday's closing price.....

Later More Abang Adik countries may join in to ban Topglove in their supermarket / country

Losing GAS..............PSSsssss

Top Glove products banned by New Zealand's biggest supermarket chain


KUALA LUMPUR (July 29): Foodstuffs, New Zealand's largest retail grocery organisation, said Top Glove Corp Bhd's products will remain off its shelves until the glove maker satisfies its ethical standards in rubber glove production, Newsroom reported today.

Newsroom, quoting Foodstuffs head of corporate affairs and corporate social responsibility Antoinette Laird, reported that the Foodstuffs supermarket chain had pulled Top Glove's disposable rubber gloves off its shelves while investigating whether they might have been made in slave-like working conditions.

"New Zealand’s biggest supermarket chain is also checking the gloves being worn in-store by its staff after allegations of migrant labour abuse at two Malaysian Top Glove factories," Newsroom reported.


https://www.theedgemarkets.com/article/top-glove-products-banned-new-zealands-biggest-supermarket-chain

Have to ride the flow of the syndicate...

Short spurt may not last.... that's y grab the profit then reenter later

Let the syndicate sell first.....

pump so that retail goes in and support then the syndicate dump...

This is pump and dump trading style ...

All this short spurt may not last.... that's y grab the profit then reenter later

Better realise profit and reenter later..

See.... Someone dumping already... likely syndicate...

Looks like got resistance already

But in this volatile market, its good to trade rather than holding...