Cocqueen, you have been saying that long time ago and it never happened. Don't be too optimistic. KPS instead of going up, it has been sliding down steadily.
Hon Hai / Foxconn (Taiwan) one the largest electronics assembler in the world ( I-Phone (apple) ) has announced they are moving out of China----Shenzhen factory next to HongKong is one world largest assembler for Handphone. Got 12 Foxconn factories in China.
KPS been the largest Plastic Injection Group in Malaysia is already One Leg in as a "potential" Apple phone supplier. Penang Electronics factories already supplying electronics to Foxconn for Apple phone.
So Hon Hai / Foxconn knows Malaysia very well (especially KPS Penang Factory )
Due to KPS low outstanding shares (537m---70%holds by KDBE + PKNS ) any Good announcement will push to RM5 during this goreng period
Trump elimination of "Made-In-HongKong" is a extreme blessing to KPS
Iron. Actually Foxconn is already in Malaysia (Johor) not very far KPS( Johor Branch) KPS maybe already supplying plastic part too...but not a large scale. So when Foxconn moved to Penang and Johor...KPS biz will Jump since KPS is the only Group big enough to supply Apple plastic parts
No harm dreaming big, but isn't too early to dream?. 78.5¢ in the afternoon and 5.00 in the not too distant future, wow... It sounds good. But is that possible?
Funny, need beware ? The latest revenue for PohKong stock was 112 million and its profit was -1.6 million ONLY, its share price rise from RM0.51 to RM1.13 recently. Only Pohkong stock need to beware.
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Posted by SinGor > 2020-08-12 10:05 | Report Abuse
The Bulk of KPS (subsidiary) Plastic Injection Biz comes from GuangDong/Shenzhen