Proposed diversification into gloves manufacturing. Mah Sing Group Berhad (Mah Sing) proposed to diversify into the manufacturing and trading of gloves and related healthcare products. In connection with the proposed diversification, Mah Sing Healthcare Sdn Bhd (an indirect wholly-owned subsidiary of Mah Sing) has entered into a tenancy agreement with landlord Minho Kilning (Klang) Sdn Bhd to occupy part of a land, measuring approximately 313,548 square feet, with a single-storey warehouse and double-storey office, within the Ladang Sungai Puloh Industrial Area along Jalan Kapar in Klang, Selangor. The signing of tenancy agreement will enable Mah Sing to commence its gloves business as the gloves asset will be set up, installed and commissioned in the property.
Targeting total production capacity of 3.68b pieces per annum. Mah Sing targets to acquire 12 new gloves production lines that are expected to yield an estimated total production 3.68b pieces of gloves per annum. Six (6) of the new gloves production lines are expected to commence production in 2Q2021 while the remaining 6 new gloves production lines are expected to commence in 3Q2021. Meanwhile, Mah Sing targets a second phase of expansion plan with another 12 new gloves production lines (production capacity of 3.68b pieces of gloves per annum) if demand outstrips its production capacity in phase one.
Gloves trading at record lows while most of their balance sheet at strongest.. Can see ASP stabilised and demand orders growing 12 to 15 annually.. Time to buy with the chairman!
Tan Sri buy back???? price still drop ?????...left hand buy in,right hand sold out.....hahaha....The Snake pun cabut doh..hilang....dulu everyday more comment ,more story...now is hilang.....
World covid-19 cases has dropped to lowest, why still not many people think this price is still overvalued? There are still many undervalued stocks in KLSE now. one only need to check it out.
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