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2021-01-13 10:45 | Report Abuse

(CIHLDG 2828) will send a bonus issue.

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2021-01-13 10:40 | Report Abuse

This counter will give bonus issue.

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2021-01-13 08:58 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-13 08:57 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-13 08:56 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-13 08:54 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-13 08:53 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-13 08:51 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-13 08:49 | Report Abuse

Glove stocks will rise across the board today.

平均售价持续走高 贺特佳顶级手套前景唱好
Nanyang Tue, Jan 12, 2021 09:16pm - 11 hours ago



(吉隆坡12日讯)鉴于全球手套供应短缺,国内手套公司巨头顶级手套(TOPGLOV,7113,主板保健股)和贺特佳(HARTA,5168,主板保健股)管理层均认为,未来手套平均售价(ASP)还有上升空间。

联昌证券研究分析员指出,根据贺特佳的说法,手套平均售价会在2021财政年第三和末季,分别按季上升50%及40%。

贺特佳也认为,由于冠病疫情造成医疗和非医疗领域,对手套的需求旺盛,未来两年手套需求会每年短缺1200亿只。

该公司补充,尽管既有和新进手套公司皆积极扩充产能,但碍于原料供应吃紧、难取得充足劳动力、为遵守1990年工人住宿环境及基本设施最低标准法令(446法令)推高生产成本、疫情持续肆虐影响建厂进度,各公司新产能恐追不上市场需求。

贺特佳已为新一代综合手套制造广场(NGC)第7号厂,建造3条产线,年产量达27亿只手套。其余3条产线,则预计在2021财政年末季完工。

顶级手套也向分析员指出,其手套平均售价料在今年1月和2月,按月上涨15%及10%。3月平均也极可能升高至少5%。

券商给予买入评级

分析员也预估,在去年12月,顶级手套的丁腈手套平均售价,为每1000只113美元(约459令吉)。

顶级手套也已答应会继续加强员工住宿环境,包括将3200名员工,搬迁到可容纳5000人的宿舍。另外,该公司亦会拨出1亿9500万令吉,未来1至2年内,在现有工厂附近建造和购买员工宿舍。

顶级手套有信心,在满足446法令后,美国海关和边境保护局(CBP)将撤销产品入境禁令。

在投资建议方面,分析员均给予贺特佳和顶级手套“增持”评级,目标价分别设在19.50及8.90令吉。

若手套平均售价高于预期,分析员或会上调投资评级。

今天闭市,贺特佳报13.25令吉,涨92仙或7.53%,成交量1087万2800股。

至于顶级手套报6.68令吉,涨25仙或3.89%,成交量7479万100股。

Stock

2021-01-12 16:53 | Report Abuse

The negative news is over and the stock market will rebound in an all-round way tomorrow.

Stock

2021-01-12 16:35 | Report Abuse

The negative news is over and the stock market will rebound in an all-round way tomorrow.

Stock

2021-01-12 16:32 | Report Abuse

The negative news is over and the stock market will rebound in an all-round way tomorrow.

Stock

2021-01-12 16:01 | Report Abuse

They are buying back shares.

Stock
Stock

2021-01-08 11:18 | Report Abuse

Note that speculators will come in this afternoon.

Stock

2021-01-08 09:05 | Report Abuse

Don't worry about rebounding soon.

Stock

2021-01-08 08:52 | Report Abuse

The number of shares is not too much. There is a chance to limit up today.

Stock

2021-01-06 10:22 | Report Abuse

Will exceed RM2 or more.

Stock

2021-01-06 10:12 | Report Abuse

Will exceed RM2 or more.

Stock

2021-01-06 09:45 | Report Abuse

Will rebound soon.

Stock
Stock

2021-01-06 09:40 | Report Abuse

FINANCIAL SUMMARY
SYMBOL & CODE THETA (9075)
CURRENT QUARTER Q3 2020
PAST REPORTS
Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018
CONSOLIDATED INCOME STATEMENT
Individual Period Cumulative Period
30 Sep 2020 30 Sep 2019 30 Sep 2020 30 Sep 2019
RM'000 RM'000 RM'000 RM'000
REVENUE
12,581 KLSE Quarter Report(+12%)
11,224
32,646 KLSE Quarter Report(+17%)
27,942
PROFIT/(LOSS) BEFORE INCOME TAX
678 KLSE Quarter Report(+139%)
-1,720
-2,216 KLSE Quarter Report(+74%)
-8,622
NET PROFIT/(LOSS)
678 KLSE Quarter Report(+139%)
-1,720
-2,216 KLSE Quarter Report(+74%)
-8,622
BASIC (BASED ON ORDINARY SHARES - SEN)
0.63 KLSE Quarter Report(+139%)
-1.60
-2.07 KLSE Quarter Report(+74%)
-8.04
DIVIDEND PER SHARE (SEN)
0.00 KLSE Quarter Report
0.00
0.00 KLSE Quarter Report
0.00
NET ASSETS PER SHARE (RM)
0.630 KLSE Quarter Report(+15%)
0.550

Stock

2021-01-05 15:03 | Report Abuse

It is believed that the previous price of 7.4 will be restored.

Stock

2021-01-05 14:59 | Report Abuse

Buy bargain hunting.

Stock

2021-01-05 14:55 | Report Abuse

7186 SWSCAP SWS CAPITAL BERHAD
Additional Listing Announcement /Subdivision of Shares

1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : ESOSDetails of corporate proposal : Employee Share Option Scheme (ESOS)No. of shares issued under this corporate proposal : 3,300,000Issue price per share ($$) : 0.6800Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 209,728,160Issued Share Capital ($$) : Malaysian Ringgit (MYR) 107,202,871.800Listing Date : 06/01/2021Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


05/01/2021 01:32 PM

Stock

2021-01-05 14:52 | Report Abuse

Cymao, Elsoft, Ge-Shen, Insas, Landmark, MMS Ventures, MSC, OIB, Omesti, Optimax, Pasdec, SWS Capital, Tex Cycle, U-Li Corp, Xian Leng
KUALA LUMPUR (Jan 5): theedgemarkets.com highlighted fifteen stocks at Bursa Malaysia’s afternoon close today. All stocks indicated negative momentum. They were: Cymao Holdings Bhd - up eight sen at RM1.48 Elsoft Research Bhd - unchanged at 91.5 sen Ge-Shen Corp ...
TheEdge05 Jan, 2021 14:19pm - 33 minutes ago

Stock

2021-01-05 14:35 | Report Abuse

EURO - Unusual Market Activity
EURO - Unusual Market ActivityILC-05012021-00002Bursa Malaysia Securities Berhad has on 05 January 2021 issued an UMA query onthe sharp rise in the price of EURO shares recently. In this respect,investors are advised to take note of the Company?s reply to the above UMAquery which will be posted at Bursa Malaysia?s website under the companyannouncements,http://www.bursamalaysia.com/market/listed-companies/company-announcements/' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-announcements/ when making their investment decision. The contents of the UMAquery is as follows:- We draw your attention to the sharp rise in price andvolume of your Company?s shares recently (?trading activity?). In light ofthe above and in order for investors to be able to make informed investmentdecisions, you are requested to respond, after making due enquiry with yourdirectors, major shareholders and such other relevant persons, to the followingqueries immediately for public release in accordance with Paragraph 9.11 of theMain Market Listing Requirements ("LR"): 1. Whether there is any corporatedevelopment relating to your Group?s business and affairs that has not beenpreviously announced that may account for the trading activity including thosein the stage of negotiation/discussion. If yes, kindly provide the detailsincluding status of the corporate development to enable investors to makeinformed investment decisions; 2. Whether there is any rumour or reportconcerning the business and affairs of the Group that may account for thetrading activity and in this respect, you are required to comply withParagraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you areaware of any other possible explanation to account for the trading activity;and 4. Whether you are in compliance with the Bursa Securities LR, inparticular Paragraph 9.03 of the Bursa securities LR on immediate disclosureobligations. Please note that the contents of the announcement must beendorsed by the Board of Directors of the Company and the announcement mustreach Bursa Securities immediately via Bursa LINK.Vice President MSDYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


05/01/2021 11:25 AM

Stock

2021-01-05 12:36 | Report Abuse

It will exceed 1 before the market closes today. Now is the time to buy wb.

Stock

2021-01-05 12:29 | Report Abuse

It will exceed 1 before the market closes today. Now is the time to buy wb.

Stock

2020-12-31 15:09 | Report Abuse

It will be 5.35-5.6 before market close

Stock

2020-12-31 08:49 | Report Abuse

Next month, his 600 mil hospital project is ready and can be delivered to the government. His 600 million funds can be unfrozen and there is still a lot of money to make

Stock

2020-12-29 15:43 | Report Abuse

Will it limit up like CNASIA (7986) for two days?

Stock

2020-12-29 15:35 | Report Abuse

The limit up price is 0.645.

Stock

2020-12-29 11:12 | Report Abuse

Able to limit up before the market closes

Stock

2020-12-29 11:07 | Report Abuse

Southern Cable jumped with higher trading volume, says RHB Retail Research
Surin Murugiah
/
theedgemarkets.com

December 29, 2020 07:55 am +08

Southern Cable jumped with higher trading volume, says RHB Retail Research
-A+A
KUALA LUMPUR (Dec 29): RHB Retail Research said Southern Cable Group Bhd’s share price had jumped with a higher trading volume, breaking out from the immediate resistance marked at 43 sen.

In a trading stock note today, the research house said with the latest positive price action, the stock is running at full steam and poised to trade higher to test the next hurdle at 46 sen, followed by 50 sen.

“A downside breach of the 39 sen support will negate this expectation and should see a share price correction,” it said.

Stock

2020-12-28 15:38 | Report Abuse

Can exceed 0.6 today

Stock

2020-12-28 15:34 | Report Abuse

Leon Fuat to ride on expansion plans of manufacturers
Liew Jia Teng
/
The Edge Malaysia

December 23, 2020 16:00 pm +08

This article first appeared in The Edge Malaysia Weekly, on December 14, 2020 - December 20, 2020.
With the current installed capacity of 5,000 tonnes per month, Leon Fuat’s steel pipe manufacturing plant is running at a utilisation rate of about 60%
With the current installed capacity of 5,000 tonnes per month, Leon Fuat’s steel pipe manufacturing plant is running at a utilisation rate of about 60%

-A+A
A decision made last year to venture into steel pipe manufacturing is already paying off for Main Market-listed Leon Fuat Bhd, as the demand from rubber glove and logistics companies looking to expand their facilities has been robust.

Although this new business segment has yet to make a significant financial contribution, executive director Calvin Ooi Shang How is confident it will become the group’s third core business after steel trading and processing.

“With this diversification, we are providing customers with additional options in the purchase of steel pipes locally. We are of the opinion that the steel pipe manufacturing business complements our trading and processing businesses,” he tells The Edge in an interview.Steel pipes can be used in many applications, including the manufacture of machinery, steel structural works and storage systems.

“Over the past few months, we have received positive responses from the local market. Today, we are seeing strong demand from the manufacturing industry, especially rubber glove makers, which have been expanding aggressively since the outbreak of Covid-19,” says Ooi.



Generally, manufacturers are Leon Fuat’s indirect clients as the group deals directly with distributors and wholesalers, as well as the manufacturers’ contractors and suppliers.

“Other than the established glove players in the country, many new companies are also diversifying into this [glove] sector. When these companies want to put up new manufacturing facilities, we will become an indirect beneficiary,” Ooi points out.

Leon Fuat’s three-phase steel pipe manufacturing is being undertaken at a new plant sited on a 16-acre parcel in Kawasan Perusahaan Bandar Sultan Suleiman in Port Klang, adjacent to North Port.

Excluding the land cost and RM31 million incidental cost, more than RM50 million has been allocated as capital expenditure for Phase 1, mainly for the purchase of machinery and construction of the factory. Phase 1 commenced operation at the end of 2Q2019. With a current installed capacity of about 5,000 tonnes per month, the factory is running at a utilisation rate of about 60%.

“In hindsight, the timing is just right for us because our steel pipe manufacturing plant is now up and running at a time when the glove manufacturers are expanding, not only this year but also next year. The orders are coming in strongly and we still have sufficient capacity to deliver,” says Ooi, 41, who was appointed to the board of Leon Fuat in June 2012.

He is the son of the company’s co-founder and executive deputy chairman Datuk Seri Ooi Bin Keong, and the nephew of managing director Ooi Seng Khong and executive director Ooi Kong Tiong. He is also the cousin of executive director Ng Kok Teong. The Ooi family controls more than 70% of the company through Leon Fuat Holdings Sdn Bhd.

Ooi stresses that Leon Fuat’s main objective in Phase 2 is to expand its product range, rather than just for the sake of expanding production capacity. “We intend to make steel pipes with a bigger range of sizes, allowing us to serve a wider range of customers,” he says.

“Our immediate plan for Phase 2 is to build a warehouse and common infrastructure surrounding the warehouse for about RM27 million. If and when we are ready to expand capacity, we will need to invest further.”

While Leon Fuat’s current focus is the local market, the group also plans to export its steel pipe products to overseas markets when the time is right, says Ooi. That is why the plant is located in Port Klang.

Trading and processing segments may benefit too


Ooi explains that when manufacturers expand production capacity, they will require not only steel pipes from Leon Fuat but also its processing services for customised parts. Moreover, they would need to order steel parts and materials, which benefits the group’s trading business.

The rising demand for online delivery services has been favourable to Leon Fuat as many logistics and warehouse companies are investing to improve or expand their warehouse handling facilities, including the conveyor and sorting systems, which require a lot of flat and long steel materials. Industries such as palm oil processing and refineries also require Leon Fuat’s products and services.

“We are still new in the steel pipe manufacturing business, but we do see a growing demand for steel material in the future. One of the reasons steel material is widely and continuously used in various indust

Stock

2020-12-28 09:08 | Report Abuse

It seems to rebound even higher.

Stock

2020-12-28 08:42 | Report Abuse

Now see that many buys will continue to rise.

Stock

2020-12-28 08:38 | Report Abuse

Now see that many buys will continue to rise.

Stock

2020-12-24 14:36 | Report Abuse

To get back to the previous price of 0.8.

Stock

2020-12-24 12:29 | Report Abuse

It will rise again to another peak at midday.

Stock

2020-12-24 12:23 | Report Abuse

This counter will continue to rise.

Stock

2020-12-24 12:18 | Report Abuse

I bought yesterday at 0.08 and haven't sold yet.

Stock

2020-12-24 11:37 | Report Abuse

It will rise again next Monday.

Stock

2020-12-24 11:09 | Report Abuse

Price and volume increase.

Stock

2020-12-24 11:04 | Report Abuse

It can really limit up.

Stock

2020-12-24 10:49 | Report Abuse

Should be able to exceed 0.2 by afternoon

Stock

2020-12-23 09:35 | Report Abuse

Don't be fooled again.

Stock

2020-12-23 09:16 | Report Abuse

Be careful not to trust scammers again.