local face mask Medicos price increased again due to shortage again ?? highly possibilities I would say local face mask Medicos price increased again due to government impose regulation everyone must wear mask.
Hope the Directors come up with some announcement soon on the status of the capacity upgrade for the face mask materials. Also on any export plan Notion just made an announcement last Friday on application for license in US and share price shot up.
Directors must constantly keep the company progress in the know. No point keeping to releasing just QR results every 3 months. Strike while demand for face mas is there.
Tek Seng ought to be priced at least Rm1.4 based on PE 20X on annualised EPS of ard Rm0.07 conservatively. With rm51 million it can ser up more capacity easily. Real laggard. Directors just got to be more aggressive
OCNCASH is not supplying PP Non- woven for medical usage (mask), don't mislead by their company profile. To check it, you just need to call them and ask for a quote. Whereas Tekseng is really supplying it, no reason for TS not to boost up.
My feeling is that Tek Seng should be priced at rm2.50 at least. Face mask is gonna be an essential item at keat for the next 1 year. Tek Seng need to rev up production capacity and also look at export to US and Australia for a start. Don't let the Rm51 million sit idle. Be more aggressive in marketing and expansion.
If your actions is a bit slow,,you will not able to get some cheap tickets....it's sooo hot sale now...as the prospect of the company is too good and valuation is still low...
I kena scold lagi by my client that time tell me why buy this Ah Pek company that's how my article got its name. What I didn't tell my client is my purchase is larger than his a lot. Now can give a middle finger to that fele already haha
"“Our buyers are mainly medical and mask players and almost all local mask players are our clients now. We are also shifting a bit to the export markets and we do sell to North America and Europe,” says Eng Chun."
Tekseng has much more potential than other mask producer cos TekSeng sell the material to most of them... So TekSeng is in the best position to reap the benefits !
Say 20m recovered in 2 yrs due to good price due good demand (tis precisely d reasons want to expand) so additional 10m per year of PAT at NOS 360m EPS 0.028
Total EPS 0.10
PE 15x = 1.50 PE 20x = 2.00
EPS for existing bizs could b higher due MCO over in Jun
Seeing weak holders letting go of Tekseng after 0.08 price drop on Friday. Now taking profits ard 1.02. If you look st Tekseng same trend as ESCERAM. Drop on QR announcement, next day recovered by 0.14 . Today up 0.30. My observations only
Tek Seng is gonna score BIG TiME!!! Already in face mask business for at least 2 Qtrs with Rm51 million to improve capacity and client base. Not like wannabe who are only jumping the bandwagon. My assessment is it should be Rm2.50 at least.
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....
CAF-POW
202 posts
Posted by CAF-POW > 2020-08-03 09:27 | Report Abuse
With double the capacity and high ASP....pretty sure the coming 2 quarters will be good for Tekseng.