Posted by Noobie123 > 2020-10-15 17:21 | Report Abuse

Mah Sing started from a small factory in Taman Ehsan, Kepong to be what they are today. They know what they are doing.

Posted by oskchoon > 2020-10-15 17:23 | Report Abuse

Besides, RM 1,134 millions in hands, another RM 100 millions sukuk will be in hands to start building the Glove business in next month in a rented factory..

Posted by oskchoon > 2020-10-15 17:25 | Report Abuse

It is still preliminary stage as they have to install the equipment, buying raw materials, employ around 600 staff and get approval from all the relevant authorities.

Posted by oskchoon > 2020-10-15 17:27 | Report Abuse

One thing is sure, that Mah Sing is a reputable company locally and internationally, so they will not create rumours and give empty promises to the share holders and retailers...

Posted by oskchoon > 2020-10-15 17:30 | Report Abuse

They are not like those super penny company every now and then giving fake news on health care business like vaccine, gloves, face masks and PPE products...

Posted by Noobie123 > 2020-10-15 17:34 | Report Abuse

And then go into durian business...hahahaha

Posted by core9design > 2020-10-15 17:36 | Report Abuse

TRUST IN MAH SING!

Posted by gardenia123 > 2020-10-15 17:45 | Report Abuse

Lomg.term hold.

Posted by amateurJR > 2020-10-15 18:05 | Report Abuse

Haha. Another one!

Posted by stkoay > 2020-10-15 18:13 | Report Abuse

Wow.....Property plus Plastic Product plus Gloves

Cash Rich plus High NTA plus Consistent Dividend

Mana mahu cari ??

Posted by anthonytkh > 2020-10-15 18:17 | Report Abuse

A long time ago, I exchanged emails with TS LHK on real estate matters. He was a Dato back then. He always replied my emails

Nowadays he has 2 secretaries that I hv to go thru

Trust TS LHK. He is exceptional when it comes to project turnarounds when he takes it on

Note : I didn’t buy Mahsing shares. I just like the way TS LHK do his biz

Posted by tkl88 > 2020-10-15 19:29 | Report Abuse

Mah Sing to diversify into gloves, healthcare products
CORPORATE NEWS
Thursday, 15 Oct 2020 1:27 PM MYT
https://www.thestar.com.my/business/business-news/2020/10/15/mah-sing-to-diversify-into-gloves-healthcare-products

KUALA LUMPUR: Property group Mah Sing Group Bhd has proposed to diversify its core businesses to include the manufacturing and trading of gloves and related healthcare products.

In its statement to Bursa Malaysia on Thursday, it said its indirect unit Mah Sing Healthcare Sdn Bhd (MSHB) will buy 12 new gloves production lines which can produce up to 3.68 billion pieces of gloves a year.

It said glove production would be carried out in Klang where the MSHB had entered into a tenancy agreement with Minho Kilning (Klang) Sdn Bhd to occupy a warehouse in Kawasan Perindustrian Ladang Sungai Puloh.

Mah Sing said the diversification was to enhance the group’s medium-term financial performance by tapping into the global market to reduce the over reliance on the domestic market for its property business in view of the cyclical nature of the property sector.


“The group anticipates that the proposed diversification can help to mitigate potential downside risk of the group arising from the wide-ranging effects of the coronavirus disease (Covid-19) to the local and global economy," it said.


It also said the group has over 40 years of experience in the manufacturing of plastic moulded products which had contributed to a steady stream of income over the years to the group.

Mah Sing added there are potential synergies to be derived among the gloves business, plastic business and property business.

“The gloves business can leverage on the existing processes from the plastic business such as the raw materials procurement, quality control, research and development, logistics and supply chain planning and from the property business, reliance can be placed on the strength of the branding and marketing, business development, project planning and human resource divisions, ” it said.

Mah Sing said once it has received shareholders’ approval for the diversification, additional funding would be required for the operation of its gloves business.

“Such financial commitment is expected to be funded via internally generated funds (including those to be generated from the initial operations of the gloves business), bank borrowings, the proposed issuance of up to RM100mil nominal value of seven-year redeemable convertible sukuk Murabahah announced on Sept 24 and/or other fund raising exercises to be undertaken in the future, ” it said.

Posted by Foker > 2020-10-15 19:34 | Report Abuse

Mah sing aim to become big 5

Posted by Foker > 2020-10-15 19:36 | Report Abuse

All those small company venture gloves I dare say they die wan. But this is mah sing, back by healthy property business and alot of asset. They got firepower to compete

Posted by Foker > 2020-10-15 19:37 | Report Abuse

I like TS LHK's will and determination. He is the one who decided to transform Mah Sing into a very reputable property developer

Posted by Foker > 2020-10-15 19:37 | Report Abuse

Risk taker, everyone feel scared, even the CFO scared untill retire. But TS LHK will always pull it off.

Posted by stkoay > 2020-10-15 19:38 | Report Abuse

https://klse.i3investor.com/blogs/sinchew_company_story/2020-10-15-story-h1534650462.jsp

Posted by Perfectinvestor > 2020-10-15 19:45 | Report Abuse

Mah Sing will be a good long term investment

Posted by Sailangking > 2020-10-15 21:48 | Report Abuse

big 5 in the making... MS... tomorrow another green day... :)

Posted by icecool > 2020-10-15 21:51 | Report Abuse

another glove company

Posted by mf > 2020-10-15 21:52 |

Post removed.Why?

Posted by deathscythe > 2020-10-15 22:01 | Report Abuse

This MS is a failure in property. Invest at your own risk. Lol

Posted by BetterTomorrow > 2020-10-15 22:02 | Report Abuse

Haiz lol, end up 50% of Malaysia listed Co, all in glove ah hahah what a joke

Posted by punterking > 2020-10-15 22:10 | Report Abuse

This is boleh land.....hahaha

Posted by stkoay > 2020-10-15 22:19 | Report Abuse

https://www.theedgemarkets.com/content/evening-5-mah-sing-sets-sights-glove-making-0

Posted by icecool > 2020-10-15 22:43 | Report Abuse

every company also want to drink from the same glove milk bottle hahaha

Posted by investmalysia > 2020-10-15 23:14 | Report Abuse

Lmao. Mashing glove? How to fight with big 4?

Posted by JK22 > 2020-10-15 23:29 | Report Abuse

Additional funding would be required for the operation of its gloves business. This is not interesting

Posted by DepecheM > 2020-10-16 05:45 | Report Abuse

There's room for a 5th big glove player.... but production starts only next year means they will miss out a lot of the "action"... holders will have to wait till next June or August to see revenue contribution from their gloves venture... meanwhile, share price may not fly now that news is out.... good for long term investment only with potential huge returns if they can really become the big 5th.

Posted by thesigncom > 2020-10-16 06:57 | Report Abuse

They will beat down their price to 64 sen again

Posted by EatCoconutCanWin > 2020-10-16 08:05 | Report Abuse

Buy for long term. Still cheap before shoot up like big 4. Is time.. if low then collect. Big shark already smell the meatballs..tut tut

Posted by Sailangking > 2020-10-16 08:20 | Report Abuse

MS alway slow and steady... ngeh ngeh

Posted by gemfinder > 2020-10-16 08:22 | Report Abuse

Too lare to join d party no more meat

Posted by Hooi369 > 2020-10-16 08:22 | Report Abuse

no glove or healthcare business MS price @0.80 above...now have this biz liao what we wait?
lol...

Posted by Hooi369 > 2020-10-16 08:22 | Report Abuse

MS wan to became top 5 i have doubts but...for sure healthcare will be value added to current business module...

Posted by anthonytkh > 2020-10-16 08:34 | Report Abuse

RHB Research

Maintain BUY with new TP of MYR1.28 from MYR0.91, 75% upside
and c.3% yield. We are positive on management’s diversification effort
into the glove business. The new business should add resilience to the
cyclical earnings from the property development. The 12 new production
lines, costing c.MYR150m, are expected to commence operations from
Apr 2021 progressively. Earnings next year will likely see a quantum leap
as earnings from the glove business start to kick in. We raise our FY21F-
22F earnings by 56% and 126%.

Details on the new investment. Mah Sing announced that it is
diversifying into glove manufacturing starting next year. The first phase will
involve 12 new production lines – six of which will commence in 2Q21 and
the remainder in 3Q21. The production plant will be located in Kapar,
Klang, close to other glove players. Management guided that the
indicative orders it received thus far have exceeded its planned capacity.
Over the near term, the plant will focus on producing nitrile gloves, given
the high demand.

Funding sources. The investment size of MYR150m is not overly taxing
in our view. Mah Sing is currently in a net cash position (excluding
perpetual securities). Hence, the capital outlay can be easily funded via
internal funds, bank borrowings and the recent issuance of MYR100m
convertible sukuk.

Long-term plan for glove business. While it can leverage on its existing
processes in raw materials procurement, quality control etc in its plastic
manufacturing business, Mah Sing plans to recruit a team of engineers
and chemists and about 600 employees with relevant gloves
manufacturing experience for its new business. In the longer run,
management aspires to grow the business with 100 production lines,
producing 30bn pieces of gloves, and be one of the country’s Top 5 glove
producers. Eventually, the business can be carved out for listing.

Posted by maggiemee > 2020-10-16 08:52 | Report Abuse

really sour grape. even mahsing also want involve glove ==.. every company want to involve glove soon Malaysia everywhere glove. why nowsaday bosses macam ini. stick with your core busness property ma == only want to do glove business when seeing TG SPX earned huge profit. what a chinaman boss hahahaha
16/10/2020 8:50 AM

Posted by oskchoon > 2020-10-16 08:53 | Report Abuse

anthonytkh, thank you for sharing, new TP of RM 1.28 is rather conservative, once it starts glove production in 2nd quarter 2021 and eventually becomes the largest glove producer with the same ranking of Top Glove, Hartalega and Supermax, the TP will be higher and higher..

Posted by maggiemee > 2020-10-16 08:56 | Report Abuse

Better focus own business dont become a later comer as glove are not simply want to do then can earn money one as it involve lot skills, material and technologies.

Posted by meistsk3134 > 2020-10-16 08:58 | Report Abuse

hahaha malaysia business

Posted by meistsk3134 > 2020-10-16 08:59 | Report Abuse

better mahai focus agriculture. food will fine soon

Posted by tkl88 > 2020-10-16 09:08 |

Post removed.Why?

Posted by oskchoon > 2020-10-16 09:08 | Report Abuse

Mah Sing is a reputable company, with RM 1,134 millions cash plus sukuk RM 100 millions, Current Ratio is 3.4 times, NTA is RM 1.40 per share...

Posted by mita29 > 2020-10-16 09:11 | Report Abuse

short term buyers changed hand to long term buyers WIP

Posted by oskchoon > 2020-10-16 09:11 | Report Abuse

With Hugh amount of cash holdings and good management teams, there is nothing to stop it from the success in starting the Glove manufacturing business..

Posted by mita29 > 2020-10-16 09:14 | Report Abuse

Those who complained here have topglove shares lah, they scared Mahsing eats their piles ahhahaa, don't worry la there is enough room for 5th players. Harta boss said 3 years of glove shortage

Posted by satt1984 > 2020-10-16 09:17 | Report Abuse

any idea why push a bit then drop b again. so eager.to take profit meh

Posted by oskchoon > 2020-10-16 09:17 | Report Abuse

According to Mah Sing it has signed letter of intend from prospective customers with cumulative indicative orders of 9.41 billions pieces, which is more than it's planned annual capacity of the year 2021 onwards...

Posted by oskchoon > 2020-10-16 09:20 | Report Abuse

Eventually Mah Sing will continue to expand the Gloves production lines until it reaches 100 billions pieces annually and the targetid to get the plastics and gloves business entity listed...

Posted by anthonytkh > 2020-10-16 09:21 | Report Abuse

To those that say Mah Sing should stick to properties, my opinion is they are not businessmen/entrepreneurs. Remember TS LHK started in plastics. Should he then have stuck to just plastic?