Posted by Survivor13 > 2020-12-01 14:07 | Report Abuse

hold thight, fly to 50 cent later

Posted by Survivor13 > 2020-12-01 14:07 | Report Abuse

maybe limit up

Posted by alwaystp99 > 2020-12-01 14:20 | Report Abuse

possible sell on news?

Posted by Survivor13 > 2020-12-01 14:21 | Report Abuse

this time is buy on News because Vizion already at bottom

Posted by alwaystp99 > 2020-12-01 14:34 | Report Abuse

no power

Posted by alwaystp99 > 2020-12-01 15:43 | Report Abuse

it is sell on news .....

Posted by DarKLoRD888999 > 2020-12-01 16:33 | Report Abuse

i bought at 0.43 shit

Posted by paramon > 2020-12-01 16:41 | Report Abuse

Already hibernated for eight months, I think this stock dun feel shy to hibernate for more months...

Posted by wongchin > 2020-12-01 17:15 | Report Abuse

Big news also cant up

Posted by Shines > 2020-12-01 17:25 | Report Abuse

Up abit but thrown down again

Posted by Shines > 2020-12-01 17:41 | Report Abuse

5mil bot an attap gloves factory?

Posted by oskchoon > 2020-12-01 17:44 | Report Abuse

Shines, I agreed, even Mah Sing spend 160 millions and AT spend 120 millions to build a glove manufacturing factory, the sum of 5 millions is very mysterious...

Posted by oskchoon > 2020-12-01 17:45 | Report Abuse

Also with profit guarantee of 15 millions, like striking a lottery ticket...

Posted by yung930 > 2020-12-01 19:44 | Report Abuse

Vizione Holdings Bhd's (VHB) wholly-owned subsidiary VIP Index Sdn Bhd (VISB) has completed the acquisition of 51 per cent stake in SSN Medical Products Sdn Bhd (SMP) for RM5 million today following the signing of share sale agreement between VISB and vendors of SMP.

VHB managing director Datuk Ng Aun Hooi said with the acquisition, the company is now equipped with a new growth engine that will elevate it to the next great height.

"This is because SMP is an established entity and has been in operation since 1997. It has a stable global client base and solid supply chain network.

"Shareholders can be rest-assured that the acquisition is a wise judgment after rigorous study has been made and that this would be a value-added move for the Group.

Posted by wongchin > 2020-12-01 19:49 | Report Abuse

51% SMP stake? I think buy 51% for 5 milion n also take over 51% SMP debts i guess.

Posted by oskchoon > 2020-12-01 19:55 | Report Abuse

wongchin, exactly otherwise who will sell 51 % of a glove manufacturing business for only 5 millions, of course VIZIONE has to pay the debt plus spending another 25 to 30 millions to upgrade the facilities, everything has a price, I think Mah Sing is cash rich and AT is cheap compared with VIZIONE glove venture...

Posted by Survivor13 > 2020-12-01 20:02 | Report Abuse

ya, after read the announcement, feel something fishy now, why only 5m for glove factory? any hidden causing price up and down back. Anybody pls update if you have any clue.

Posted by oskchoon > 2020-12-01 20:09 | Report Abuse

Last time when AT wanted to buy Pearl Glove, only manufacture industrial glove not medical glove, the price already around 22 millions, how come VIZIONE buy 51 % nitrile medical glove business only costing 5 millions, very fishy business...

Posted by Noni > 2020-12-01 20:11 | Report Abuse

Yes, is kind of cheap to enter Glove with just 5mil for 51% stake. Hmmm....

Posted by Survivor13 > 2020-12-01 20:26 | Report Abuse

I think should be 50 m instead of 5m. Correct the fact Mr Vizion.

Posted by Survivor13 > 2020-12-01 20:26 | Report Abuse

or there is no such deal ?

Posted by Jolin888 > 2020-12-01 20:35 | Report Abuse

Vizione need to inject 30 million first into the company

Posted by Jolin888 > 2020-12-01 20:35 | Report Abuse

https://www.klsescreener.com/v2/news/view/760815

Posted by Jolin888 > 2020-12-01 20:35 | Report Abuse

I think this is the deal they make vizione use their capital and listed status while Spb use their expertise and experience in glove

Posted by Jolin888 > 2020-12-01 20:36 | Report Abuse

At the moment it seems it is a good deal

Posted by Jolin888 > 2020-12-01 20:36 | Report Abuse

U need my money please give me some profit guarantee

Posted by Jolin888 > 2020-12-01 20:38 | Report Abuse

KUALA LUMPUR (Dec 1): Integrated construction engineering group Vizione Holdings Bhd has allocated RM30 million to capital expenditure for its recently acquired glove manufacturer, to boost its annual production capacity more than threefold to 1.6 billion pieces of gloves over the next 18 months, from 500 million pieces currently.

The capex was announced after Vizione's wholly-owned subsidiary VIP Index Sdn Bhd inked a deal to buy a 51% stake in glove manufacturer SSN Medical Products Sdn Bhd for RM5 million cash today.

In a virtual press conference today, Vizione managing director Datuk Ng Aun Hooi said this is a golden opportunity for Vizione to venture into the glove-making business as demand for gloves is expected to remain robust amid rising Covid-19 cases around the world.

The capex injected into SSN will add another six lines equipped with advanced machinery, for a total of 12 lines.

Furthermore, he said that the optimism about the glove business venture is supported by a one-year profit guarantee, whereby SSN shall achieve a profit before tax of RM15 million for the financial year ending Dec 31, 2021 (FY21).

Also, he added that the acquisition of a 51% stake in SSN is seen to be earnings accretive for Vizione as SSN has a glove business running currently, which will be able to contribute to Vizione's top and bottom lines immediately.

Despite lower profit guarantee, SSN executive director Clinton Ang Teck Leong said the company is targeting to achieve a profit before tax (PBT) of up to RM30 million in FY21 on the back of a revenue projection of between RM100 and RM120 million.

It has an even more ambitious target for FY22, as Ang has projected PBT to more than triple to RM100 million on a revenue projection of RM200 million.

Ang said the profit projection came after SSN's glove factory capacity was fully booked until the third quarter next year, while its additional incoming capacity will also be secured from its existing clients given the strong demand for gloves.

When asked about oversupply issues in the glove industry with so many new entrants, Ang replied that he is unfazed by the situation, as he believed that the demand for gloves is unlikely to taper off even after Covid-19 vaccines are available because glove use will increase as the masses rush to be vaccinated.

Meanwhile, on the construction outlook front, Vizione's Ng said political stability is an important indicator for the recovery in the industry.

He has confidence in the Perikatan National government to deliver more construction projects next year after the Budget 2021 is passed.

Currently, it has a tender book of over RM2 billion, mostly from government projects such as hospital projects, infrastructure works and housing projects. It expects to achieve at least 20% of success rate.

Meanwhile, Vizione has an order book of about RM1.8 billion, which Ng expects will continue to provide earnings visibility for the group.

The share price of Vizione closed up half a sen or 1.18% to 43 sen today, bringing it a market capitalisation of RM338.32 million.

Year-to-date, the counter has declined 32% from 63 sen on Jan 2.

Posted by Jolin888 > 2020-12-01 20:38 | Report Abuse

has an even more ambitious target for FY22, as Ang has projected PBT to more than triple to RM100 million on a revenue projection of RM200 million.

Posted by humble_beginnings > 2020-12-01 23:22 | Report Abuse

the construction order book of 1.8b is another reason to consider this counter besides the recent glove manufacturer acquisition at 35m.

Posted by yingzhe17 > 2020-12-02 00:22 | Report Abuse

Buy 5 mil company to make 100mil in 2 years,

Why the hell that company sell this cash cow?

Posted by oskchoon > 2020-12-02 08:24 | Report Abuse

It also took over the debt of the Glove company, come to worst, funds raising by issuing more private placement shares, it is so simple to obtain more capital...

Posted by Jolin888 > 2020-12-02 09:19 | Report Abuse

They sell 51% of the company and can get 30 million and listed status holding company

Posted by Jolin888 > 2020-12-02 10:13 | Report Abuse

4 毛钱的手套股明年3倍成长有profit guarantee 哪里找oh？careplus 年头都是RM0. 30 罢了

Posted by Jolin888 > 2020-12-02 10:14 | Report Abuse

你去看看careplus 现在多少钱

Posted by Jolin888 > 2020-12-02 10:14 | Report Abuse

订单book 到明年9月。 要卖的人快点卖不然不会起够够力的

Posted by Jolin888 > 2020-12-02 10:14 | Report Abuse

曾经我的careplus 卖5毛我以为很厉害结果他去到5 块。

Posted by Jolin888 > 2020-12-02 10:14 | Report Abuse

曾经有一份好料的手套股放在我面前，我没有珍惜，等我失去的时候我才后悔莫及，人世间最痛苦的事莫过于此。
如果上天能够给我一个再来一次的机会，我会对那个手套股说：我要买1000 张。
如果非要在这份爱上加上一个期限，我希望是……
升到rm2

Posted by paramon > 2020-12-02 10:47 | Report Abuse

@Jolin888 gloves should be no problem continue enjoy huge profit next year but many uncertainties for gloves business in 2022, it's depend on how effective the vaccines control the virus, how fast vaccines can supply to many countries and gloves over supply issues by so many suppliers appear....

Posted by NewbieHAHAHA > 2020-12-02 11:20 | Report Abuse

Guys, will it be the same as Mah Sing?
https://investingmalaysia.com/stock/vizione-7070/ (Value = RM 0.78). Is it possible?

Posted by rememberme10 > 2020-12-02 12:10 | Report Abuse

venturing into gloves will bring more profits to the company, currently undervalue and a very good opportunity to get in the hype train now.

Posted by talib59 > 2020-12-02 12:11 | Report Abuse

Still no show?

Posted by Jokers2020 > 2020-12-02 12:13 | Report Abuse

hv a feeling glove will up in the 2nd session

Posted by rememberme10 > 2020-12-02 12:15 | Report Abuse

glove is trending now, no need to wait for 2nd session

Posted by Alvin Chan > 2020-12-02 12:25 | Report Abuse

news out drop few bids and hovering here. so have to wait patiently, best is to drop to 38/40c level :)

Posted by Jolin888 > 2020-12-02 12:34 | Report Abuse

@paramon future thing no one can 100% sure but what I can pretty sure is 0.43 is cheap for a company with 3 engine property, glove, and solar.

Posted by Jolin888 > 2020-12-02 12:35 | Report Abuse

But what is weird is people tend to buy at 0.60 instead of 0.43, sigh

Posted by hoot9eonly > 2020-12-02 12:58 | Report Abuse

Nice , keep moving on !

Posted by Hairul Hafizy > 2020-12-02 14:25 | Report Abuse

https://www.theedgemarkets.com/article/nitrile-latex-could-hit-alltime-high-month-raising-glove-production-costs-70-qoq-%E2%80%94-kaf

Posted by kangedd > 2020-12-02 15:15 | Report Abuse

https://www.theedgemarkets.com/article/vizione-inject-rm30m-capex-boost-glove-business-capacity

Posted by kangedd > 2020-12-02 15:15 | Report Abuse

Yes !!!! More to come. Fly me to the moon !