Simple analysis will reveal that they pumped with volume, then release the bonus news and once retailers ploughed in they dumped. Classic poker game that's the name of the game in klse
you guys can read from the latest Announcement (under the bonus/warrant issue). Here is the summary on prospect. The company is innovative and keeps looking for new business. Not just ProXmask, they recently started selling Muslim headwear to the Middle East market too. Imagine the huge market potential in Middle East and if they are successful, they will get very handsome profit. I am looking into the growth of the company.
the Group has started manufacturing reusable fabric face mask back in March 2020. The manufacturing of fabric mask is complementary to the existing core business in the manufacturing of apparels. At the same time, the Group could leverage on its existing production facilities and resources to generate an additional income stream for the Group. The manufacturing of fabric mask had cushioned the decline in revenue arising from decrease in apparel orders due to the pandemic. The Group has also added an additional source of income by introducing inner and outer headwear for the Muslim community. It is currently being sold domestically in Malaysia as well as to the Middle East and the Group intends to expand its product range and offer its products to other international markets in the near future. Premised on the above as well as the outlook and prospects of the manufacturing industry as set out in Section 4.2 above, the management is cautiously optimistic about the Group’s future prospects.
as I have said many times earlier, this stock is very undervalued. It is a nett cash company with good fundamentals on current earnings and future growth. The company is innovative in releasing new products when the timing is right. I think their recent expansion of business in Middle East is something we can monitor closely (muslim wears)... Middle East is a huge and rich market
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....
rocky_88
1,034 posts
Posted by rocky_88 > 2021-04-20 19:58 | Report Abuse
TA and FA this company is good.. tomolo fly