wow, good news...

looks like tentative 6th October announce
https://www.topglove.com/investor-relations-event

no update so far, but the last update on US factory about 3 months ago was this post... https://www.linkedin.com/feed/update/urn:li:activity:7071501349732974592/?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7071501349732974592%29
Distribution center looks completed, First of 4 manufacturing plant is halfway... bet AGM end of year will have more info... So far the news is quite mixed, either start production end of year, or only complete plant 1 end of year and start in Q1/Q2 2024 etc... so best to ask during AGM...

anybody knows if the Penang plant only do the Zone 1 HVM and ships to US for Zone 2 to 4, or do from Zone 1 to 4?
https://enovix.medium.com/our-path-to-high-volume-manufacturing-6264681857df

From the article, seems like 1) Factory acceptance test - August, First production - April 2024 from Fab 2 factory

https://pbs.twimg.com/media/F2HJy-gWoAAQQam?format=jpg

https://investpenang.gov.my/enovix-joins-forces-with-ybs-international-berhad-to-unveil-its-next-generation-battery-manufacturing-facility-in-penang-science-park/

yes, pls share... :)

Bank loans, GLC funding etc... all are welcome...

Hopefully not rights issue....

In total how many factory lines will be built?

MarketPredictor

YBS doing Fab2 Line 1 ..... able to produce 9 mil batteries ( according to size ) per year ...... lets say 1 battery profit US2 ..... Profit per year from here will be US18million..... RM81million per year .....

very good analysis here...
I came to know YBS a bit late... after making some money in Enovix options in US market, do I know they are going to have partnership with YBS... thank goodness, not too late in the game...

Albukhary
This company market only RM180mil, and now it is signing a contract with a USD3bil company to collaborate on a production facility which involved USD 100mil cost of investment.
I mean this is a very big project and it could help this company to turnaround to become one of the top manufacturer in Penang, why retailer are jumping ship now?
Please imagine yourself, if you are going to invest USD100mil on a factory (equivalent to RM450mil), which is more than double of its existing market cap, what kind of annual sales your are expecting? Let said very prudence, this factory should at least produce minimum RM200mil sales per year (current existing revenue is around RM100mil), so you can expect this company will become a company with RM300mil revenue per annum, and assume 10% profit, it will have PAT of RM30mil per year.
Why you jump ship now?

Genetec broke its multi year high in Feb 2021, > 0.28... the whole journey of rising prices took 9 months to reach 3.84... > 10X...
If YBS is the same, lets say 6 months for factory to be up, then 9 months to reach the peak, total about 15 months from now to reach 10X maybe possible?


Albukhary
YBS will be next Genetec

very true...

Albukhary
Malaysia stock market have been behind its peer for many years.
It is time to catch up.

1) Malaysia new plant
Capacity (pcs per annum) Status (per latest quarter)
a. 7.92 billion Ready for commercial production
b. 2.40 billion Currently under various stages of installation
c. 6.48 billion On hold but infrastructure has been completed
TOTAL 16.80 billion
http://www.yuconstruction.com.my/wp/portfolio/2021-supermax-glove-manufacturing-sdn-bhd-lot-6072-lot-6073/
2) USA plant (total 8 buildings) - 1st phase - Distribution centre (completed), Plant 1/4 manufacturing (> 50% completed), admin office building - ongoing https://www.linkedin.com/feed/update/urn:li:activity:7071501349732974592/?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7071501349732974592%29
https://www.european-rubber-journal.com/article/2093260/supermax-to-start-production-of-rubber-gloves-in-us-by-yearend