POTENTIAL GROWTH: This Company has a second new factory in Vietnam that is able to double its revenue of the Company and reduce its production cost( check on latest 4Q financial result ) as it produce its own raw material instead of buying it from suppliers and this raw material can be available for new products expanding its business in other industries like paint, packaging products ......
In addition, the Company has become a exclusive Chemical product distributor in Malaysia for hygiene use like COVID-19 cleaning and other purposes.
ONLINE BUSINESS: online business in Asia will Boost more Delivery and packaging product like item packed boxes and food pack that need more Sealants and Adhesive.
Vietnam is a 100 mil population of just developing country and has big GAP for the growth of packaging and furniture and it has become significant furniture exporter to the world. These were why the Company has set up the second factory in Vietnam to reduce its production cost and boost its revenue by utilising most of its IPO proceeds for setting up the factory.
Price will drop on exdate. Price adjustment will happen to reflect real value, very likely less than half the price before exdate cos the ratio is 5 for 4. That means if you hold 4 shares, after the bonus you will have 5 more for free. Making total 9. news report say this bonus will be completed in the first quarter. That is by end of March2021
MissPuzzles you got buy any techbnd? I bought 8000 shares at 170 this morning. So happy that the closing is 184. CNY angpow from techbnd. I think it can go higher than this.
Nope, I didn't buy any this morning. I was still undecided at first but when I saw the price shooting up and the way of the speed, I decided to give up. I wanted to give it a try but the fact that I got trapped at Rhone Ma Holdings earlier, where when I knew there would be warrant given as per newspaper reporting, I bought it at its peak (RM 1.10) and it came tumbling down continuously for those few days. Alas, I gave up and sold it off. I lose my bet on that one. The bonus and warrant which is being offered by Techbond was really tempting and good but as a newbie in this kind of transactions, I need more time to learn this trade. Anyway, thank you for asking. Happy CNY to you and may this year bring more $$$ to you.
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....
Fundamental123
609 posts
Posted by Fundamental123 > 2020-08-29 12:31 | Report Abuse
Hi Guys,
POTENTIAL GROWTH: This Company has a second new factory in Vietnam that is able to double its revenue of the Company and reduce its production cost( check on latest 4Q financial result ) as it produce its own raw material instead of buying it from suppliers and this raw material can be available for new products expanding its business in other industries like paint, packaging products ......
In addition, the Company has become a exclusive Chemical product distributor in Malaysia for hygiene use like COVID-19 cleaning and other purposes.
ONLINE BUSINESS: online business in Asia will Boost more Delivery and packaging product like item packed boxes and food pack that need more Sealants and Adhesive.
Vietnam is a 100 mil population of just developing country and has big GAP for the growth of packaging and furniture and it has become significant furniture exporter to the world. These were why the Company has set up the second factory in Vietnam to reduce its production cost and boost its revenue by utilising most of its IPO proceeds for setting up the factory.
Good luck !