Share price of many face mask companies were affected by the Government's decision to cap the max price at RM1.00. HIL is selling its mask below the ceiling price while its cost of manufacturing is even lower. So gross profit margins remain strong. Recent price weakness is a chance to accumulate before earnings turn strong
Hil Industries Bhd is venturing into the face mask and medical devices industry in a bid to capitalise on the Covid-19 pandemic play.
Its unit Hil Medic Sdn Bhd has received approval from the Medical Device Authority, which is part of the Ministry of Health, for the manufacturing of its three-ply surgical grade face mask and face shields. (The Edge)
Given the many annoucement of companies venturing into face masks, HIL stands head and shoulders above the rest given its track record in plastic manufacturing, net cash company and face mask manufacturing business that has already started. Expect a pick up in earnings in the coming quarters.
Fauci, a physician and immunologist, and director of the National Institute of Allergy and Infectious Diseases for the last three decades, told Erin Burnett on CNN’s OutFront Friday evening: “If people are not wearing masks, then maybe we should be mandating."
At the AGM today, the board mentioned that they have secured BYD as a client for BYD's robotic vacuum cleaner with further enquiries from BYD for other value added manufacturing services. Perhaps parts for EVs (?) which need more plastic components than internal combustion engine vehicles? Future prospects look good!
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....
Aramco
1,560 posts
Posted by Aramco > 2020-08-06 18:42 |
Post removed.Why?