SALCON BHD

KLSE (MYR): SALCON (8567)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.265

Today's Change

0.00 (0.00%)

Day's Change

0.26 - 0.265

Trading Volume

393,600


7 people like this.

7,204 comment(s). Last comment by sunnyspoon 18 hours ago

zalidaud

28 posts

Posted by zalidaud > 2021-07-05 22:16 | Report Abuse

Saliza, I do not know why. But will definitely be credited as well. Just not at the time as expected

awesome20

1,184 posts

Posted by awesome20 > 2021-07-08 05:01 | Report Abuse

Now cheap…water project coming

Drachen

249 posts

Posted by Drachen > 2021-07-09 19:44 | Report Abuse

No shares credited yet.

Drachen

249 posts

Posted by Drachen > 2021-07-12 10:27 | Report Abuse

i tak dapat lagi. Entahlah kenapa.

zalidaud

28 posts

Posted by zalidaud > 2021-07-13 09:59 | Report Abuse

Dividend credited already

Drachen

249 posts

Posted by Drachen > 2021-07-13 11:07 | Report Abuse

Finally got my 627 dividend shares.

Posted by saliza1804 > 2021-07-13 16:16 | Report Abuse

Last year 2 months after they give dividend, price fly up to 0.40++. Must wait for another 2 months also this year haha..

lawpc128

82 posts

Posted by lawpc128 > 2021-07-15 17:49 | Report Abuse

Rasau water treatment 4b contract will be announced q3. Salcon has a good chance of geting a piece of the pie.

Musfaz83

615 posts

Posted by Musfaz83 > 2021-07-15 18:03 | Report Abuse

profit guarantee of RM10mil per annum


PETALING JAYA: Salcon Bhd is acquiring 51% equity in glove manufacturing company JR Engineering and Medical Technologies (M) Sdn Bhd for RM28.56mil.

The proposed acquisition comes with a profit guarantee of RM10mil per annum for the financial years 2021,2022 and 2023, ending Dec 31.

Salcon executive director Datuk Eddy Leong said the proposed acquisition is in line with Salcon’s strategy of growth and diversification.Listed on the Main Market of Bursa Malaysia, Salcon’s core business is in water and wastewater engineering.

“We are confident the resulting significant synergies, economies of scale and enlarged market presence will strengthen the group’s growth profile and bring greater long-term value to our stakeholders.

“Although there are other manufacturers ramping up production capacity and new entrants venturing into this sector, we believe a structural change in usage of gloves will ensure there will be continued and strong demand in the market in the near to mid term, ” he said in a statement.

Musfaz83

615 posts

Posted by Musfaz83 > 2021-07-15 18:06 | Report Abuse

JR is operating beyond its capacity, with an annual production of 336 million gloves from four single former production lines in their factory located in Zurah Industrial, Rasa, Hulu Selangor.

To cater to the spike in demand in specific export markets, Salcon is targeting to increase and ramp up production capacity by an additional 12 lines, to a total of 16 production lines within a year.

The estimated capital expenditure for the expansion is RM150mil, which will be funded via internally generated funds and bank borrowings.

Once completed, the expansion will bring the total production capacity to three billion gloves per annum.

“Upon completion of the transaction, Salcon will have immediate access to a trained labor force, existing customers and an immediate source of revenue – cutting down lengthy product approval and registration processes, ” added Leong.

JR has already in place the necessary approvals, such as Food and Drug Administration certification and the CE Marking Certification that will enable the group to export to the United States, Europe and other countries.

BigZakar

261 posts

Posted by BigZakar > 2021-07-16 15:12 | Report Abuse

it is coming..............prepare for limit up!!!!!!!!

husky88

698 posts

Posted by husky88 > 2021-07-17 01:03 | Report Abuse

You again come crazy here. Won't LU lol. Dreaming zakar

husky88

698 posts

Posted by husky88 > 2021-07-24 16:03 | Report Abuse

Limit down soon lol

Musfaz83

615 posts

Posted by Musfaz83 > 2021-08-03 09:52 | Report Abuse

Salcon: tahun 2020 lepas beri dividen , sahamnya naik . adakah sejarah akan berulang pada tahun ini ?

BigZakar

261 posts

Posted by BigZakar > 2021-08-03 11:02 | Report Abuse

after yli ,next will be SALCON!!!!!!!!!!!!!!! easy easy can hit 30cents

Posted by nasrulfahmi > 2021-08-06 15:45 | Report Abuse

very good today

chinaman

3,202 posts

Posted by chinaman > 2021-08-06 15:46 | Report Abuse

Tong tahi finally moving...hurray

benteo78

230 posts

Posted by benteo78 > 2021-08-06 19:18 | Report Abuse

any chances to reach 0.24 on Monday?

husky88

698 posts

Posted by husky88 > 2021-08-06 19:40 | Report Abuse

Useless stock

benteo78

230 posts

Posted by benteo78 > 2021-08-06 20:35 | Report Abuse

why U say so husky?

benteo78

230 posts

Posted by benteo78 > 2021-08-06 20:35 | Report Abuse

is it becoz u lose money in this share?

Posted by Audi_Lee > 2021-08-09 00:09 | Report Abuse

start collect some, seems like something is brewing

11395861

387 posts

Posted by 11395861 > 2021-08-09 08:52 | Report Abuse

Mcm ada org masuk meminang

chinaman

3,202 posts

Posted by chinaman > 2021-08-09 14:12 | Report Abuse

Environmental biologists at the University of Stirling have warned that the potential spread of COVID-19 via sewage "must not be neglected" in the battle to protect human health.

The response to the global pandemic has focused upon preventing person-to-person transmission, however, experts now believe the virus could also be spread in wastewater.

Earlier this week, it emerged that analysis of sewage in the UK could provide important data on the spread of COVID-19. However, Professor Richard Quilliam's new paper -- published May 6 -- now warns that the sewerage system itself could pose a transmission risk.

Writing in the journal Environment International, Professor Quilliam and colleagues from Stirling's Faculty of Natural Sciences are calling for "an investment of resources" to investigate their concerns.

Professor Quilliam -- who is currently leading a £1.85 million study into the transport of bacteria and viruses in marine environments -- said: "We know that COVID-19 is spread through droplets from coughs and sneezes, or via objects or materials that carry infection. However, it has recently been confirmed that the virus can also be found in human faeces -- up to 33 days after the patient has tested negative for the respiratory symptoms of COVID-19.

"It is not yet known whether the virus can be transmitted via the faecal-oral route, however, we know that viral shedding from the digestive system can last longer than shedding from the respiratory tract. Therefore, this could be an important -- but as yet unquantified -- pathway for increased exposure."

chinaman

3,202 posts

Posted by chinaman > 2021-08-09 14:45 | Report Abuse

The current Minister of Environment and Water still zzzzzzzzzzzzz. not aware of sewerage as potential source of covid...

lawpc128

82 posts

Posted by lawpc128 > 2021-08-09 15:47 | Report Abuse

Rasau water treatment 4b tender will be announced soon, positive salcon will win some. Then price will go to 30c

chinaman

3,202 posts

Posted by chinaman > 2021-08-10 12:21 | Report Abuse

Since MY is a damn hot country- hard to accept that virus spread thru airborne at open space area. Thus, the other possiblity is food and water contamination with the virus which then infect the digestion system. Unfortunately, health ministry rule out this possiblity. Habit using unhygiene bare hand to eat. thus, proper treatment by Indahwater before releasing the human waste to river for our drinking is paramount somehow incur leakage sometimes

chinaman

3,202 posts

Posted by chinaman > 2021-08-19 19:02 | Report Abuse

Super good Qtr result. must be from its new gloves subsidiary...Hurray!!

Infinite

128 posts

Posted by Infinite > 2021-08-19 19:14 | Report Abuse

Immediate can benefit from good gloves ASP, not like others Player just new set up facility need time to construct. New set up facitity cost 50% higher facility investment due to high steel cost

BigZakar

261 posts

Posted by BigZakar > 2021-08-20 08:30 | Report Abuse

panic buying today, tp 30cents

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-20 08:48 |

Post removed.Why?

messi

224 posts

Posted by messi > 2021-08-20 09:14 | Report Abuse

Prospects
The Group’s financial performance has improved significantly in the second quarter of 2021,
contributed mainly by the Group’s Construction division and Healthcare Division via JR Engineering
and Medical Technologies (M) Sdn. Bhd. (JR).
In the short to medium term, the Group’s newly formed Healthcare Division is expected to remain
resilient. Whilst the average selling price (ASP) of gloves is expected to ease further on the back of
vaccination programmes globally to contain the spread of the Covid-19 pandemic, the surge in cases involving the Delta variant is expected to help cushion the demand drop of gloves. Over the longer term, demand outlook is expected to normalise, albeit at a higher level.
As for the Group’s Construction Division, whilst there were some delays due to the recent movement control orders, all projects across the Group are currently on-going and in progress with SOPs in place to ensure the health and safety of our employees.
Moving forward, with the country’s economy opening up gradually, the Group remains reasonably
optimistic on its operational and financial performance in the coming quarters.

Time to collect on weakness and be prepared to hold until next QR

hoot9e996

1,813 posts

Posted by hoot9e996 > 2021-08-20 09:18 | Report Abuse

macam will ROCKET next week

Musfaz83

615 posts

Posted by Musfaz83 > 2021-08-20 09:32 | Report Abuse

Salcon
Tot eq devide by tot shares equals to 48.5c

Posted by nasrulfahmi > 2021-08-20 09:32 | Report Abuse

very good today

Musfaz83

615 posts

Posted by Musfaz83 > 2021-08-20 11:03 | Report Abuse

break away gap up
if not close the gap

possible run away gap up next week

messi

224 posts

Posted by messi > 2021-08-20 13:46 | Report Abuse

Insiders already collected 2 - 4 weeks ago. Can see the huge volume. Insider trading can't be avoided

Posted by OrlandoOilSemiconIoT > 2021-08-21 20:35 | Report Abuse

Rubber gloves in Q206•2021

PBT RM 12.990,000

PAT RM 9,872,400

So 12 months PAT RM 39,489,600

90% of 51% = RM 18,125,726

Purchase price RM 28,560,000

So PE 1.5756609898 X

JR a good buy

Pay back in 1.5 year

Musfaz83

615 posts

Posted by Musfaz83 > 2021-08-22 00:55 | Report Abuse

Glove co always trading above NTA.

Musfaz83

615 posts

Posted by Musfaz83 > 2021-08-22 00:57 | Report Abuse

The proposed acquisition comes with a profit guarantee of RM10mil per annum for the financial years 2021,2022 and 2023, ending Dec 31

princes

34 posts

Posted by princes > 2021-08-24 17:16 | Report Abuse

cepat lah boleh meniaga balik ... dah bosan main saham ni.... takde makna nye boleh berjaya klau tak jadi jerung... saham malaysia ni semua rubbish.... abis pkp semua ni behenti main saham ... boleh kena sakit jantung...

thesteward

6,745 posts

Posted by thesteward > 2021-09-02 21:53 | Report Abuse

Investing while it is still cheap .
Can sleep easy . Since there is profit guarantee of rm10m?
Also Salcon do pipes . Am surprised it is still at such a low price .

thesteward

6,745 posts

Posted by thesteward > 2021-09-02 21:53 | Report Abuse

Old article just to recap

Posted by risktoreward > 2021-09-03 11:53 | Report Abuse

Salcon is good. Have a look at Wb too

Posted by Mohd Akmal Hakim > 2021-09-08 11:10 | Report Abuse

i am buying

Posted by risktoreward > 2021-09-08 17:31 | Report Abuse

Holding at 0.22, wb at 0.075

messi

224 posts

Posted by messi > 2021-09-08 22:42 | Report Abuse

Collect on weakness, next QR continue good result, will move up.

azfar8

890 posts

Posted by azfar8 > 2021-09-17 15:56 | Report Abuse

lemau....

husky88

698 posts

Posted by husky88 > 2021-09-26 18:03 | Report Abuse

Glove trend gg lol

Post a Comment