i do not like this proposed.looked back glove industries every year grow atleast 7-8pct.why within this few year back it can not catch up? it should expend in this bright future sector with their net cash position.
for those have not buy pl wait till below 30 cents only can pick up . its all the way slowly on the down trend even with slight recovery pl ignore it and dont rush in n fool by them
I just digged further in their proposed diversification into property development announcement, to be fair to them,on 30-4-20, the board has defered the plan and subscribed for only RM2m plus preference share in the property company due to uncertainty in property sector, that is a sensible decison. thumbs up !
this is a company with plenty of cash and minimal loan, prudent management, at first i worried the board mighy misused their 20m cash for sth stupid, actually not the case. very low profile and minimal publicity also, that's why company got neglected !
my suggestion to the board :- this is the right timing to announce some plan like using the fat cash to expand their manufacturing capacity, and talk more to reporters, then the price will surely shoot up to keep pace with other glove counters , and shareholders will have a fat day !!
Malaysia commands 65% of the World's Total Medical Examination & Surgical Glove Supplies
That is the reason why President Trump has to call on Malaysia's Pm Muhyiddin to help
In Trump's 30 minutes long distance call from USA to Malaysia he asked for continual co-operation in Glove PPE supply
THIS SINGLE ACT SHOWS THE GREAT IMPORTANCE OF MALAYSIA AS A LEADING GLOVE PRODUCER
EVERY 2 OUR OF 3 EXAM/SURGICAL GLOVES ARE MADE IN MALAYSIA
THIS IS WHY ES_CERAMIC WILL DO EXCEEDINGLY WELL
COVID 19'S EMERGENCY HAS BEEN A BOON FOR ALL GLOVE, GLOVE MATERING & GLOVE SUPPORTING INDUSTRIES WITH NO EXCEPTION
See
Muhyiddin and Trump discuss pandemic in phone call By Tharanya Arumugam - May 8, 2020 @ 10:58pm
At the same time, our two countries have also come to an agreement to ensure smooth supply of critical equipment and other supplies, especially during this global health crisis.
I research this company's history, they are low profile, conservative, net cash and huge cash position, but maybe too conseravtive to expand business ? (that's why uncle KYY don't like this kind of company ? he prefers companies to borrow heavily to expand and show growth from one Q to another Q, i remeber OTB last time did recomend it based on TA & with fundamental back up) I can't find any press interview by this company's board for the past 5-10 years ! very shy away from publicity that's why not many investors know much about them !!
I see many weak fundamental companies just talking big in the Edge etc that they are going to involve in ventilator lah, health care lah, IT-related lah .... Just NATO (no action talk only), their companies' share price SHOOT up at top volume column already !!
"Ice-cream" are in the right business sector at the right timing, with many years experience & with strong balance sheet & PE = 20 only (comparing to present glove industry's PE of 40-60) , if they start to improve their publicity or management could just TALK in media that "they use their fat cash of 20mil to expand their capacity", then this stock might worth holding for long term !!
if you minus off their net cash per share of aorund 10c per share, with last 4 quarter earning or 1.74, their PE is actually 14 only !! (35-10) / 1.74 < > 14 why no fundamentalist came here to research on this company ?? hidden jewel neglected ??
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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....
Newbieinshare
2,117 posts
Posted by Newbieinshare > 2020-05-06 19:48 | Report Abuse
my advise is better to enter below 30cents