anyway this is an ace counter.. and not much history.. it has rebounded and gone up.. so should err to the caution side now... should follow the director ma.. buy when it is 25 cents..now already 41cents and close to peak price haha
According to RHB retails research published on 28/4 ,MTAG moving to its upside ,the immediate resistance is at the 48.5 sen level, followed by the 53 sen threshold,” it said.
Trends analysis showed gradual build-up of banker chips, rising over 25%, although there are still plenty of retail selling pressure along the way. Meaning to say, strong buyers are accummulating and chance of price uptrend is higher, depending on retail selling and market volatility.
The management is doing very well !Last financial year NPBT was abt 43 millions. Last two quarters NPBT already abt 23 millions. Anticipate covid 19 contributing better profit due to company essential products range. Next two quarters,profit easily out beat last financial year and will perform much better this year. P/E will be much below than 6!
Yes. MTAG is a hidden gem yet to be discovered by most of the investors. The company offers complete range of industrial protective products including disposables, wipers and gloves, masks and respirators, hearing and protective eyewear. Where to find such a profitable yet low PE gloves, masks company?
Just got the reliable news, tomorrow there will be announcement by PM ,from Monday onwards offices can start working and all businesses can start too , however, specific guidelines to follow .except entertainment like cinema , bars and clubs will not be allowed . Restaurants allow to open but follow social distancing . Travelling only interstate . Travelling in car 4 persons . Sports only badminton , tennis , jogging , cycling , anything in group like football not allowed .
With the further opening, masks,gloves, sanitizer and health care products will be many folds increase
Calvin, MTAG company website not accessible. They are not manufacture PPE!
MTAG Group Berhad, an investment holding company, engages in the business of label and sticker printing, and customised converting services for various materials. The company was established in 1995 in Johor, Malaysia.
MTAG Group Bhd is a Malaysia-based converter company that offers labels and stickers printing and customized converting services. The Company is also engaged in distributing industrial tapes and adhesive products under the brands 3M and Henkel. The Company’s wholly owned subsidiaries are Toyo Sho Industrial Products Sdn Bhd, Intag Industrial Supplies Sdn Bhd and Intag Steel. Toyo Sho is an integrated manufacturer specialized in label supplies. Intag Industrial offers wide variety of industrial consumables, such as tapes, die-cut, adhesives, static controls, carrier and cover tapes, cleanroom supplies and abrasives. It also offers complete range of industrial protective products including disposables, wipers and gloves, masks and respirators, hearing and protective eyewear. Intag Steel is specialized in providing a range of steel products with the inclusion of ferrous metal and non-ferrous metal for various application in different industries
With the PM announcement at 11am just now, almost all business sectors will resume their operations this coming Monday on conditions to follow strict SOP. All bosses now rushing for 3M adhesives tapes, masks , gloves , sanitizers etc to prepare for the long awaited opening. MTAG products will be selling like hot cakes!
Tomorrow federal govt given green light to almost all business sectors to open, though some states delay a bit of time, but will open sooner or later. Good news to all sectors!. It helps to spur the company performance
According to Calvin Tan research At 0.43 sen, P/E only 6.9 At 0.70 sen , P/E :10 At RM1.03, P/E: 15 The company also involved in gloves, face masks , respirators,sanitizers, adhesive tapes etc
MTAG, Cash rich company On balance sheet strength, the Group’s gross cash holdings stood at RM31.4 million as at end-June 2019, which include cash and bank balances as well as fixed deposits with licensed banks.
On gearing, MTAG’s total borrowings, both non-current and current, stood at RM11.7 million in 4QFY19.
Therefore, the Group is effectively in net cash position prior to its listing, backed by net assets per share of 15 sen per 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....
polycarp
1,991 posts
Posted by polycarp > 2020-04-29 10:20 | Report Abuse
MTAG manufacturer of respirators?
Everbody will be wearing one