Posted by DLLM99_kyy > Oct 24, 2020 9:43 AM | Report Abuse
I have been take profit from Mah Sing from 0.925 to 1.13 .. But cut loss at Karex Con-counter .. So, im break Even.. Just my Advise, Rather put mid term counter and stop touch Glove.. Good counters like Inari , Penta, Dufu, Mi, VS, Ataims, JHM, JCY.. many many
++++++++++++++++++++
Those can all just collapse suddenly at any time
Whereas gloves got helluva strong backing from global market demand, got orders all sealed & done for the next 36 months at the very least
Glove supply will not meet demand in next three years, says Hartalega chairman --------------------------------------------------------------- theedgemarkets.com
The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.
“Right now, there is an enormous shortage (due to the pandemic)... We do not even know whether we (the industry) have enough to meet the demand for 120 billion more pieces of gloves in the next three years,” he said.
There is an error with I3 analyst report list. HLG didn't downgrade Mah Sing. The report is a duplicate from the 16 October report. I3 please fix it immediately.
Posted by KTM4896 > Oct 24, 2020 9:22 AM | Report Abuse
For the report by HLG, I think there is a typo on the announcement for 22-10-2020. If you go in and click the PDF attachment within the announcement you will see that the report is dated 16-10-2020. Somehow i3 make 2 separate post on 22 and 16 Oct for the same 16 Oct report by HLG
Dr M: Malaysia’s stock market will collapse completely if emergency declared... . right here waiting? If M becomes PM, index surge to 2500. Lol. As for this, even hit 2500, don't expect good dividend for LT investors. ST trading play as market is still hot and retailers are cash rich. Together with companies goreng on news but not profits.
do you know how long it takes TopGlove to gain expertise in quality Control and received International Certification? MahSing will end up like 90% Chinese Glove manufacturers, low quality and low margins for a long time. But Chinese Manufacturers have Home ground advantages, Big population And most likely get a 10% export rebate from Gov. What MahSing can get from Malaysia Gov.??
Like, what is there to stop Mah Sing from drawing upon the very large pool of experienced workers like supervisors, technicians, engineers, managers now already existing in the entire Malaysian glove industry?
This time DingDing can use darurat to protect his power already bcoz of COVID cases >1K in one day. He got reason to convince boss’s to implement DARURAT!
very true. Staff Pinching is 99% probability. But normal practise is, you pay atleast 30--50% more salary and TopGlove will counteroffer by promotion & Benefits. Cost production will jump
you need International Certification / QC to get Good Price. Most likely cannot even quote to most Hospital in EU area bcos Quality Certification is not Met. Ask how long TopGlove received their Certification for Each Individual factory....not easy, i have done my research. Previously bet March---June, any Glove can fetch good price. Things has changed
when local IBs still not selling major positions, you know there's still legs. Easier for this to go > 5bil market cap than big 4 crossing and staying 100bil for long.
You do understand using historical data for technical analysis is a bad idea for this stock right? The rise was on the prospect of a glove venture. And if you look into the calculations of even the highest TP, you'll realize the valuation gave are too conservative at best.
Mah Sing Group - A Valuable Venture ------------------------------------- Mah Sing’s venture into the gloves business is timely as it diversifies its earnings base from being reliant towards the property market which is experiencing a slowdown. Ideally, Mah Sing would be able to tap onto its expertise and know-how of its regional plastics business in order to synergize with this potential venture.
“Our first glove factory is ready and it is ultra-long to accommodate modern, high speed machines which can run at a speed of 38,000 pieces of gloves per production line per hour, ” said Mah Sing founder and group managing director Tan Sri Leong Hoy Kum.
Mah Sing Group Bhd is set to commence glove production in April 2021. Mah Sing has commenced additional piling works that is expected to be completed by November 2020, to be immediately followed by installation of the machinery. These 12 production lines are Phase 1 of Mah Sing’s diversification into gloves and have a maximum production capacity of up to 3.7bn pieces of gloves per annum. (The Edge)
From experience with one of their property at Icon city PJ, a lot of promises were made during phase 1 launch , phase 2 launch was very bright during then. Until today, only 1 out of many link road into icon promised was built. Phase 2 launch hype was all talk, nothing materialized yet till today. So the good part is that phase 1 for glove will happen, but phase 2 .... just maybe.
Dompeilee past commemt ------------------------------------------------------------------------- Thank you, investment banks for orchestrating the great Mahsing goreng to help me dispose of my ill-timed purchases in 2018-2019 fr 88.5-1.21 for a profit (1.26-1.41) Got dividend, now improbably escaped with a capital gain as well =)
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....
CoolBull
3,675 posts
Posted by CoolBull > 2020-10-24 11:07 | Report Abuse
Posted by DLLM99_kyy > Oct 24, 2020 9:43 AM | Report Abuse
I have been take profit from Mah Sing from 0.925 to 1.13 ..
But cut loss at Karex Con-counter ..
So, im break Even..
Just my Advise,
Rather put mid term counter and stop touch Glove..
Good counters like Inari , Penta, Dufu, Mi, VS, Ataims, JHM, JCY.. many many
++++++++++++++++++++
Those can all just collapse suddenly at any time
Whereas gloves got helluva strong backing from global market demand, got orders all sealed & done for the next 36 months at the very least
There is simply no contest
Dude