EPMB is aggressive and ventureous, constantly on the the look out for opportunities. Its latest quarter results as at 31-03-2023 improves quite a lot as well.
According to the prospects mentioned in the quarter report, its new plant in Tanjung Malim will begin manufacturing car seats in the second half of this year aiming for 300,000 units over a period of few years. These new seats when sold would generate handsome profits.
Much better if the project for joint venture in EV cars could become a really, then it would most probably be a second GENETEC in the making.
(Just my opinion. Not a buy or sell call. Trade at your own risks )
STAGES IN PROGRESS ---------------------------------- Stage 1) Letter of acceptance awarded by Perusahaan Otomobil Nasional Sdn Bhd accepted and executed sometime on October 2022.
Stage 2 ) New plant in Tanjung Malim got ready
Stage 3) Project for making new Proton car seats set to kick-start anytime in second half of 2023.
(,The project is not a dream. It is real and exciting ! ! ! )
Another key point which caught my eyes is that EPMB is a small cap company with number of ordinary shares slightly above 209 millions as indicated in its quarter report at 31-03-2023.
Therefore, there are still plenty of rooms for expansion.
40-50c no one wants...when shoot up to 80c-$1 then only ppl want...just like YTL & in that thread, low life, bad luck contrarian indicator pang72 shows up & the stock becomes condemned sooner or later.
EPMB is indeed very aggressive and ventureous. Look at the numbers of MOU will convince you. Just hit 1 or 2 cases of the MOU will be good enough.
Moreover, EPMB will kick start the manufacturing of new car seats for PROTON in the 2nd half of this year (2023). EPMB is aiming to produce more than 300,000 units over a period of few years.
EPMB is a company that will grasp the good opportunity and turn it into a reality.
For me I will hold EPMB stock tightly for quite some time because:
1) EPMB is set to kick-start manufacturing new car seats for PROTON in the 2nd half of this year 2023 and is aiming to produce "more than" 300,000 units over a period of few years. The project should be profitable especially supply to PROTON, a reliable customer.
2 ) Memorandum of Agreement for distribution of electric bikes known as EV Blueshark could be finalised some time this month. This project should be another source of lucrative income "if successful" and EPMB could be another EV player.
3) Some of the MOU might eventually turn into realities.
(Just my opinion. Not a buy or sell call. Trade at your own risks.)
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bojed
5,064 posts
Posted by bojed > 2023-06-09 09:45 | Report Abuse
Bought at 0.865 and sold at 0.9 alhamdulillah.