Even if their previous revenue not much from mask sector (intag), with the current demand in mask sector, they definitely will boost their production to meet global needs. Please visit their webpage, you will know that they provide various type of mask, but from the mask image provided, i think mostly is N95. I believe the demand increase in mask might boost their revenue, but printing and labelling sector might also get affected by COVID 19. Just my opinion.
OMG US manipulated COVID number. On 19/03/20 only 5k cases On 21/03.20 become 26k confirmed case. Blood bath again tmr, happy holiday.
Malaysia also tank all the way to meet the support level at 1,300 index point. If this can't sustain will fall all the way down to 900 point level. Be careful guys, too bad I still have some position on hand.
Just saying probably no new stock as they are distributors and not makers. All N95 stock at the moment mostly going to US. Dont just buy for their 3M, think of their printing business also.
3M Makes Respirators for Pandemic's Front-Line Responders
Household products maker 3M (MMM) - Get Report said it has been churning out millions of much-needed respirators that are making their way to front-line doctors, nurses and other first responders as North America gets hits hard by the coronavirus pandemic.
The Saint Paul, Minn.-based company said it was now producing the equivalent of 35 million respirators a month, with more than 500,000 of its bug-looking respirators on the way to New York and Seattle, respectively, with arrivals expected to begin in each of those areas on Tuesday.
In a statement, 3M CEO Mike Roman said the company has ramped up to “maximum production levels of N95 respirators, and doubled our global output to a rate of more than 1.1 billion per year, or nearly 100 million per month.”
Strong Balance Sheet with ample cash. Management can move fast by diversifying into other supporting industries for healthcare PPE such as Ventilators, thermometers etc. instead of focussing on EMS & 3M Masks.
I happily average down and accumulate from 0.36 all the way down to 0.20 :-) A good stock to accumulate as Cash rich Company will definitely survive and benefit from Covid-19 situation in the medium/long term in addition to staying invested in Glove related counters.
Patience. Trust my intuition. Accumulate when it is negative. Looks at the investment returns in all the Glove counters and LuxChem (since Low of 0.33) & Ruberex (since Low of 0.60) :-)
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....
dlau8899
915 posts
Posted by dlau8899 > 2020-03-20 19:07 | Report Abuse
Going up above 0.30 next week