Congratulation sharefisher

At current price, the dividend yield will be 3 times your bank FD....plus potential long term capital appreciation...due to significant additional profit from gloves.

2020....3.35 sen

2019....4.5 sen

2018....6.5 sen

Before 2018....no less than 6.5 sen.

2022...will probably be much higher due to additional profit from gloves.

We have turned positive on the long-term prospects of GenT as we opine that GenT will see an exponential YoY profit growth in FY22. However, we believe that FY21 performance will be weaker than expected due to the inter-state travel bans imposed in Malaysia lasting longer than expected. Nevertheless, we believe that investors would start to look beyond FY21 due to the timeline of vaccine rollouts despite rising Covid-19 cases of late. The development of RWLV is also going well and it is slated to open on 24 June 2021. The opening of RWLV is expected to add c. 4/6 % to GenT’s EBITDA for FY22-23. Hence, we roll forward our SOP valuations from FY21 to FY22, upgrading our Hold call to a BUY call at a TP of RM6.00.


https://klse.i3investor.com/servlets/ptres/59361.jsp

Haha......

Short sellers covered their position by 8.4M shares on Friday 23-4-21

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210423.pdf

This uptrend is different from the one in October, where it went up very high and very fast but gave back all the gain as fast.

Now, it is more slow and steady....it's more sustainable.

After some consolidation and base building, hitting October high in medium term is a high posibility.

@TedTock....agree.

Collect and keep for mid to long term, 1-2 years, don't trade.

Haha....LOL

NAPS RM1.42

The only "glove stock" that trades below it's NTA.

Last year, EPF sold Mahsing from 30+ sen to 50+ sen and ceased to be substantial shareholder.....today Mahsing is RM1.01...

....you want to follow EPF?

....haha...lol.

EPF buys boring stocks and keep long long....what brewing??

Haha....lol.

Yes, correct.

If you look back the historical movement for past few months....after a wave up, it will consolidate for sometime......

It takes time for improved fundamental to price in the share price.

Going forward, longer term, share price should move significantly higher due to property recovery play and contribution from gloves...even if ASP for gloves drop back to pre covid level...it is still an ADDITIONAL profit, which has not been fully priced in yet.

This uncle got ZERO credibility.

He is the BIGGEST CONMAN in i3

Conning newbies to put money in his pocket.

https://www.thestar.com.my/business/business-news/2021/04/24/opportunities-in-equities

In the Malaysian equity market, TA Research says the potential recovery plays are in the banking, building materials, consumer, oil and gas, plantation, property, and tourism-related sectors.

On banking, TA Research’s optimistic take is based on improving consumer and business confidence. It adds that financial institutions in the country are backed by strong capital and liquidity buffers, along with benign asset quality.

https://www.thestar.com.my/business/business-news/2021/04/24/opportunities-in-equities

As for tourism-related counters, TA Research says the price recovery is not over yet, and there could be a second leg rally in the fourth quarter of this year to the first quarter of 2022, when Malaysia achieves herd immunity and borders reopen for mass travelling.

https://www.thestar.com.my/business/business-news/2021/04/24/opportunities-in-equities

TA Research expects property earnings to be underpinned by the country’s economic recovery, low interest rate environment, and supportive government measures.

“We believe housing market recovery is imminent and expect developers to record an encouraging sales growth of 16% and 10% in 2021 and 2022, respectively, ” it says.

https://www.msn.com/en-gb/news/uknews/britain-no-longer-in-a-pandemic-thanks-to-vaccines-cutting-covid-by-90percent-experts-say/ar-BB1fXccl?li=BBoPWjQ

https://markets.businessinsider.com/news/stocks/jpmorgan-jamie-dimon-stocks-crash-warren-buffett-advice-market-timing-2021-4-1030335915

https://markets.businessinsider.com/news/stocks/jpmorgan-jamie-dimon-stocks-crash-warren-buffett-advice-market-timing-2021-4-1030335915

https://markets.businessinsider.com/news/stocks/jpmorgan-jamie-dimon-stocks-crash-warren-buffett-advice-market-timing-2021-4-1030335915

https://www.theedgemarkets.com/article/ekovest-md-lim-keng-cheng-trims-stake-ceases-be-substantial-shareholder

MD run run run liao !!

Prior to 2019, yearly dividend was 6.5 sen and higher.

At current price, it yields 6+ %.

With additional contribution from gloves, can expect dividend to be much higher for 2022 onwards..
...the company dividend policy is 40% payout

@choysun...Yes, as a long term investor like you, I am investing for long term....even though my average price is 0.692, I didn't sell during the previous run to 1.47 in October.
I see potential in the stock going forward....come join and buy some.

Thanks SSP

At closing price, paper profit is 159K

Posted by stkoay > Apr 22, 2021 12:24 PM | Report Abuse X

Go get some nasi lemak and teh tarik money from MAHSING.

_____________________________________________________________________

Sorry, my mistake....

....it should be abalone, lobster and fine wine..

....haha :p

NTA....RM1.42

Pre Covid, before 2018, stock was trading around RM1.50

This year property sales target 1.6B
https://klse.i3investor.com/blogs/AmInvestResearch/2021-02-26-story-h1541912590-Mah_Sing_Group_Targeting_new_sales_of_RM1_6bil_for_FY21.jsp


Gloves...cost USD36-40 per 1000
.........orders at hand price USD85-115
......by year end production will be 3.68B pieces

.....at a very conservative profit of USD20 (post covid)
....profit will be about RM300M...EPS 12.4 sen
....at PE 10 times, gloves alone is already RM1.24...excluding it's property and plastic manufacturing.

Do the maths....

Buy to keep for long term.....

https://www.theedgemarkets.com/article/mah-sing-secures-glove-orders-september-priced-us115-1000-pieces

KLANG (April 22): Mah Sing Group Bhd, which expects to kick start its rubber glove production next month, said it has secured purchase orders for its gloves until September this year, with average selling prices of between US$85 (RM349) and US$115 (RM473) per 1,000 pieces.

When asked about the profit margin for glove business, Leong only provided the costs based on current raw materials, which average between US$36 and US$40 for 1,000 pieces.

https://www.theedgemarkets.com/article/blackstone-bets-billions-reopening-and-travel-revival

Blackstone said the firm is now seeing signs across its portfolio of companies that people's behaviour is shifting: At the Cosmopolitan hotel of Las Vegas, money going into slot machines was at record levels. Forward bookings for travel in the UK were also at a high.

@Imnoobonly.....Yes! We HUAT together.

BUY !!

https://www.theedgemarkets.com/article/mah-sing-secures-glove-orders-s...


3.68B pieces at a conservative profit of USD40 per 1000 equal to USD147 million.....which is equal to MR603 million.....which is 24 sen per share.

https://www.theedgemarkets.com/article/mah-sing-secures-glove-orders-september-priced-us115-1000-pieces


3.68B pieces at a conservative profit of USD40 per 1000 equal to USD147 million.....which is equal to MR603 million.....which is 24 sen per share.

Thanks SSP....

....I own 500k shares....average price 0.692....


....paper profit 124k.....

...Cheers.....

Posted by stkoay > Apr 22, 2021 12:24 PM | Report Abuse X

Go get some nasi lemak and teh tarik money from MAHSING.


----------------------------------------------------------------------

When I called buy, sellers was 92 sen....

.....in the second session, the high was 95.5....closed at buyer's price 94 sen...

.....more than enough for nasi lemak and teh tarik......

....abalone also can......haha.

https://www.theedgemarkets.com/article/mah-sing-start-making-rubber-gl...

"On the whole, we expect the glove manufacturing business to generate more recurring and steady income for Mah Sing, complementing the same existing property and plastics businesses, and contributing positively to the group's financials going forward," he told the media.

The property developer anticipates the first shipment of gloves to be delivered in May and June.

Mah Sing expects an addition of four production lines to be operational in the second quarter this year (2Q21), followed by six more production lines in the 3Q21.

These 12 double former lines have a maximum annual capacity of up to 3.68 billion pieces of gloves.

"Being a new glove producer, we are not committed to any long-term contracts with lower pricing. As such, compared to existing players, we have more flexibility to lock in spot orders at higher spot prices," Ho said.

https://www.theedgemarkets.com/article/mah-sing-start-making-rubber-gloves-next-month

"On the whole, we expect the glove manufacturing business to generate more recurring and steady income for Mah Sing, complementing the same existing property and plastics businesses, and contributing positively to the group's financials going forward," he told the media.

The property developer anticipates the first shipment of gloves to be delivered in May and June.

Mah Sing expects an addition of four production lines to be operational in the second quarter this year (2Q21), followed by six more production lines in the 3Q21.

These 12 double former lines have a maximum annual capacity of up to 3.68 billion pieces of gloves.

"Being a new glove producer, we are not committed to any long-term contracts with lower pricing. As such, compared to existing players, we have more flexibility to lock in spot orders at higher spot prices," Ho said.

https://klse.i3investor.com/blogs/AmInvestResearch/2021-04-19-story-h1563394811-Stocks_on_Radar_Mah_Sing_Group_8583.jsp

Mah Sing Group surged and tested the RM0.92 resistance level with a higher trading volume. With its 21-day moving average indicator in an uptrend, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.95 and RM0.98.

Go get some nasi lemak and teh tarik money from MAHSING.

Cheers....sharewiz118

Dow rises 150 points as economic recovery plays rebound


U.S. stocks rose on Wednesday led by a rebound in cyclical names as equities tried to recover from two straight days of losses.

Shares of Norwegian Cruise Line Holdings led a pop in reopening plays after Goldman Sachs upgraded the stock. Norwegian jumped more than 5%, while Carnival and Royal Caribbean rose about 2% each.

Haha.....:p

Agree with aliyusof....to be able to sleep soundly with large investment....must buy this kind of stock...

I switched my ASM to this stock, currently holding 295k shares, bought from 8.24 to 8.48 average 8.33....my largest holding in value term....second is Genting.

Agree with Tedinvestor.....if you think this is a good stock, buy and keep....if you think otherwise, sell and go buy other which you think is better.

https://www.malaymail.com/news/world/2021/04/19/masks-come-off-as-israel-vaunts-virus-victory/1967617

Yes choysun, recovery is confirmed, any short term correction does not affect long term investor like us...Cheers.....

"The total of 40 health workers infected with Covid-19 compared to 438,000 individuals who have completed two doses of the vaccine is a very small percentage.

"This is because 99.9% of the individuals who have completed the two doses of the vaccine are not infected even though they are frontline workers who deal with Covid-19 patients on a daily basis," he said in a statement on Sunday (April 18).

https://www.thestar.com.my/news/nation/2021/04/18/covid-19-number-of-infected-health-workers-10-times-lower-after-vaccination-says-mosti