Really cant wait for their Qtr report. As i rmb, mask is totally out of supply during 1st qtr of 2020, in many countries. And Malaysia hardly get a pcs of mask during that period, mask got a huge increase of price during that period too. What will be the outcome for this counter? Hmm... also, what is the NEW Normal life style that going to affect this counter? Is positive or negative.... interesting.
Iconic Worldwide: Diversifies into face mask-making . Iconic Worldwide is venturing into face mask manufacturing, initially targeting factory and construction companies in Malaysia. The tourism and property development company said its new business would be placed under fully-owned Iconic Medicare SB. "Currently, the manufacturing facility located at Juru, Penang, is capable of producing face masks at a rate of 100 pieces per minute, amounting to about two to three million face masks a month. (New Straits Times)
Seriously i just hoping the coming EPS of them could achieved minimum 1.2cent for the 4 following qtrs, which is very reasonable based on their past records, end up the rolling 4 qtrs would be abt 4.8cent. And with the average PE that market previously gives for this counter is about 16x. Thus, i predict the TP for this counter is abt 0.77 or 10% more from 0.77, is depending on the market sentiment.
Referring to the past, this company has a great improvement in profit for 2nd qtr of Year 2009(during H1N1 period), so i suspect the pandemic could definitely bring some benefits to this counter.
Much of the surge in share price since March has factored in better sales from the hygiene division, but the performance review reflected none of that, better run come Monday
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....
icepumpkin
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Posted by icepumpkin > 2020-06-17 10:10 | Report Abuse
healthcare sector.