Mah Sing is known as a property company. Its plastic business not significant. Does the brand Mah Sing known for its quality homes or not? That is important. It tells us about the company culture and the quality of its management. Going into the glove business raw with the same mindset as before, is a sure recipe for disaster.
risky venture for mah sing, but a profitable one, but likely not as profitable as some might think.
i do think mah sing is too optimistic in their schedule and their glove venture won't be profitable until at least beginning of 2022....they are building up everything from scratch, so the learning curve will be there to optimise their production.
if they were genuinely that serious, could have just bought up a reasonably established smaller glove makers, and expand the capacity with mah sing's spare warehouse.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....