2.36k worker for turnover close to RM1.8 Billion is not much, glove are example of labour intensive industries

Muda worth at least RM2.4 in the short term after result out, will go up again once selling stop

Minimun wage not going to be implemented in the next 5 years, who said labour intensive ? where you get the info ?

calvintaneng Muda is a good stock

But very labour intensive

So minimum wage will eat into its profit

Will be above 2 before result out

some funds are clearing their position, need to wait until all cleared and then push up again I think

TP rm3.5 still on

https://www.google.com/search?source=hp&ei=enZiW5qAOY3c9QO26pvICg&q=oji+share+price&oq=oji+share&gs_l=mobile-gws-wiz-hp.1.0.35i39j0i22i30l3.1157.3872..5518...1.0...139.997.2j7......0....1.......5..0j0i67j46i10j0i22i10i30.Lf4S3CaiIJs

Oji holding reported 300% increased in qtr profit and share price jump 7% today

http://www.proactiveinvestors.co.uk/companies/news/202014/smurfit-kappa-tops-ftse-100-gainers-after-irish-corrugated-packaging-firm-sees-first-half-profit-jump-202014.html

http://www.chinapaper.net/news/show-28438.html

Waste paper cost in China 2700 yuan that’s 2700*0.6=RM1620 while selling price of corrugated paper in China average 4400 yuan and that’s is 4400*0.6=rm2640 , the difference between corrugated paper and waste paper is RM2640-RM1620=RM1020

The RM1020 above consist of profit element and processing cost to convert waste paper to corrugated paper per tonne in China.

Now we look at Muda, their waste paper is 30% imported at RM350 to RM450 per tonne and 70% Locally at RM650 per tonne, so their cost average is (350+450)/2*0.3=RM120 and 0.7*RM650=RM455 giving average cost of RM120+RM455=RM575 (This is the waste paper cost for Muda)

Cost of conversion from waste paper to corrugated paper is about RM1020 (we assumed the RM1020 above is all cost and does not include profit element) so the cost of Muda to process waste paper to corrugated paper is RM575+RM1020=RM1595

Muda capacity from their website is 500k tonne and per qtr. is 125k tonne, if we assume the selling price is RM2450 (which is RM190 less than the price in China) , the margin per tonne is RM2450-RM1595=RM855 multiplies by 125k tonne per qtr. is 106.875Million gross margin per qtr.
If you look at the recent qtr. report, their below gross margin cost is about RM48Million (fixed cost/administrative cost)

Therefore the profit before tax would be about RM106.875-RM48=58.875Million (should be higher profit since I have reduced the selling price by RM190 and processing cost of RM1020 should be lower because of profit element) that’s 58.875/305=EPS of about 19 cents per qtr.

Muda has RM1045 per tonne waste paper cost advantage, If Muda don’t report this EPS, don’t know what to say.

This guy so cheapskate, shouting so much for so little

Asdfghjkl Done selling at 9.96...good profit in 20 mins. Bye all.

https://markets.businessinsider.com/news/stocks/kapstone-reports-second-quarter-results-1027400525

https://asia.nikkei.com/Business/Companies/Oji-s-quarterly-profit-doubles-on-global-pulp-shortage

https://m.thegrocer.co.uk/563969.article?mobilesite=enabled

TP 3.50

back to rm2.90 soon, me just added some today

I have seen many cheapskate like flysmart in I3 there are everywhere, making a living by creating negativity for just small sum, pity him need to support wife and kids that way.

Mudaguy, what they have expanded this year ?

where is stockraider, don't see him anymore ?

Dont listen to this guy, he trying to create panic, for long term Investor TG will go up

Asdfghjkl Likely bit by bit. They try to stay low as possible. U guys better hope i m wrong lol.
23/07/2018 13:07

Long term will be rewarded, clear cut case to cheat TG, bonus issue will rise back to rm7 after share split (14) before split

Qtr report coming, yeah next week rm2.00

Bonus issue coming, next week rm12

today up, shark will keep buying

Muda story not over yet, prices are at all time high , will sailang muda

Agree
messi88 Big shark wanna create panic sell then buy low again, this technique only can cheat ikan billis here lah ... why so worry? I see this many times and history always happen

TP rm15, hold tight tight dont let go

Abritration usualy take time if both parties dont agree, sometimes can even take years if the court to decide. nothing will be know tomorrow

Many born loser here

Good
rojakmee: TP 15 after bonus issues..../ within one month..... If you all like my story JN88 sifu willing to tell the story why RM15 within one month..

court or no court will fly to RM15, further TG has a good case.

Moral of the story, hold tight TP RM15

TP 15 by year end

Mudaguy, How is the sales volume ?

TP rm 15, big & biggest shark at play

Yeah, RM15 coming

Ff dont care with Aspion thing, they into 20 to 50 years with TG, further TG has a good case, its a clear cut to cheat. glove counter are the most resilience now

Yeah, monday break rm10 easily

Its all big bigest shark in TG, will push PE all the way to 50, american PE because glove company located in Malaysia. All the way to rm15 before end of this year

Harta pe now almost 50 while top glove only 28, still got huge upside

Waste paper in China cost rm1780 as above article, almost rm1160 more than muda average cost of rm575. Corrugated board now almost rm3000 in China, Muda should be making eps 20 to 25 per quarter. Last quarter all this was not taken in the accounts

http://www.chinapaper.net/mobile/21-0-28199-1.html

Muda can save 130milluon per year by importing, sales price also has increase a lot

http://www.theedgemarkets.com/article/top-glove-upgraded-overweight-jpmorgan

Import price how much per ton, local purchase how much per ton ?

Mudaguy, now Muda import thier waste paper or purchase it locally ? Import is cheaper

Big ff fund buying, one of the biggest shark comments here will not effect share price, Monday will fly

The court case already reflected in the share price, other glove counter higher PE than TG, ff more interested in future business potential, strong purchased at 9.90 , next week will fly

Yeah, huge collection last 3 days at 9.90, monday will fly