It's the same as selling properties as long as there is profit at the end of the deal. Only show the decisions of the BOD lacks some forward thinking in going down this health line. A clear MISTAKE.
Same as property sales. They built the building and equip it to produce gloves. Now they can sell the lot as VALUE ADDED property dedicated to gloves. Next door is Top Glove and whisper is they might be interested.
Wish all these analysts will stop pumping their counters.How does MS manage to get that low? It is a long way from the $1.00+ on announcement of their entry into gloves.
Given the higher cost of living, recession coming in, this will at least touch back it's previous low at 0.30. anything can happen... but i may be wrong, anything's possible.
Don't think will up again to 1.00 in this year. Whoever hold this share make sure you will live for another 10 years, because this share will only up to at least 1.000 after 10 years...
Better sell off now because it will down trend to at least 0.300... very soon. Don't expect will up to 1.00 within 10 years. Even they announce dividend 2.65 cent, the share still downtrend..
Why Mahsing never buy back share to strengthen its own share price ???
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Perhaps they knew their own share's value, maybe still not the right price to buy back, I would still say that at support 0.30 cent, perhaps they are start to think to buy back. The real problem property sector in malaysia is they are syok sendiri... develop based on their own, not develop as how the rakyat need. The new mix project is useless if rakyat can't afford to buy. In that value, some parties might have their own share.
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....
ChekHupCoffee
147 posts
Posted by ChekHupCoffee > 2022-05-18 09:26 | Report Abuse
https://focusmalaysia.my/of-mah-sing-walking-out-of-its-glove-venture-with-top-glove-eyeing-biz/