Unlike other gloves trading pattern, which is volatile, Mahsing is slow and steady, proven by this morning trading.

Going forward, Mahsing is a safer bet compared to pure gloves.

https://www.malaymail.com/news/malaysia/2021/05/02/report-ismail-sabri-rejects-news-report-of-possible-mco-3.0-says-nsc-yet-to/1971083

https://www.malaymail.com/news/money/2021/05/02/warren-buffett-says-us-economys-unexpected-strength-benefits-berkshire/1970982

Berkshire also said it sold US$3.9 billion more stocks than it bought, though it still owned US$151 billion of stock in just two companies, Apple Inc and Bank of America Corp.

Hahaha.....I kinda agree with this meow observation.....kekeke

Posted by Mabel > May 2, 2021 1:36 PM | Report Abuse

This is Mabel Observation...

I see there are two type players here

The 6 - 7 Digits Investors

They are pretty cool. The men are usually handsome while the women are beautiful and elegant. They have long and strong holding power. They know price fluctuation is part of the playing fields. They only invest based on Fundamental and only trade when necessary i.e. when they want to go for the kill. They usually go for the mother shares and they won't waste time playing with call warrants as they prefer to deals with real stakeholders. They let their investment works for them and they live like King. They only come here when they get bored or want to have some fun.

3 - 5 Digit Traders

They are really the noisy one. They are like a new wed young Amoi on her 1st night. They are usually short and has no holding power. Their noises get lounder as the Volatility get intense since they need to move with their limited fund to move Up or down. Some time they need to swing left and right to control their climax. Since they are not self sufficient, they usually hires some runner just to shout "RM 4 is coming" so they can collect it cheap..

Here the sad part, all these movement needs money. So they started coming here one by one just to earn 25 sen per post. Some are too shy, so they starts disguising themselves with new id.

Enjoy your weekend Guys and Gals ..

Meow

If price continue to be pushed higher, these short sellers will rush to cover their position....creating more buying momentum :)

Total net short position on 22-4-21 was 18,131, 600

Latest is 12,325,900

From 22-4-21 to 28-4-21, for 4 trading days, short sellers covered 5,805,700 shares........SHORT SELLERS BOUGHT BACK AT A LOSS.

Short sellers started short selling from January 2021 when the price was 87 sen and below.

They covered position from 22-4-21 when the price was ABOVE 89 sen.

Never mind black cat or white cat.....

Mahsing...potential recovery property play and additional profit from new bussiness

Maybank.....potential recovery play and very attractive dividend of 6+ %

2881...dropped 1000 liao

https://www.freemalaysiatoday.com/category/nation/2021/05/01/2881-covid-19-cases-selangor-has-most-infections/

Posted by Keyman188 > May 1, 2021 11:03 AM | Report Abuse

If like that Keyman188 need to run fast fast lorrr....

wkwkwk...kekeke...hehehe...

______________________________________________________________________

....then better come buy M n M


.......Maybank n Mahsing

......haha...keke....hehe....

Wow...now Genting and Insas same standard liao ah?

Walao eh.

https://www.malaymail.com/news/money/2021/04/30/mah-sing-aims-to-hit-rm1.6b-property-sales-this-year/1970643

We will be exploring listing of our manufacturing or healthcare division separately to better unlock value for Mah Sing shareholders,” it said.

It said the company is optimistic of the potential long-term growth of the glove industry and seeks to fill up the current demand and supply gap through its production capabilities in both nitrile and latex gloves.

“Besides original brand manufacturer (OBM) gloves under our MS Glove brand, Mah Sing will also be producing original equipment manufacturer (OEM) gloves and the group will explore the possibility of manufacturing non-medical, industrial speciality and other gloves in the mid to long term,” it said.

“We are mindful of the risks inherent in our operations and will keep an eye on the known and anticipated factors, while leveraging our strong cash and bank balances and investment in short-term funds of approximately RM1.16 billion as of Dec 31, 2020.

“This is in addition to the remaining landbank of 840.12 hectares and remaining GDV and unbilled sales totalling about RM24.64 billion, including the new land, M Senyum in Bandar Baru Salak Tinggi, Sepang to capitalise on opportunities beyond the horizon,” it added.

Good close.
Nice.

https://www.theedgemarkets.com/article/mah-sing-unveil-last-phase-m-aruna-rawang-3q2021

Mah Sing founder and group managing director Tan Sri Leong Hoy Kum says in an email, “There has been improvement in sentiment towards the property market, which can be observed through the positive response received by our recent project launches.

Profit taking well absorbed....top up a little at 1.02..

Congratulation sharefisher

At current price, the dividend yield will be 3 times your bank FD....plus potential long term capital appreciation...due to significant additional profit from gloves.

2020....3.35 sen

2019....4.5 sen

2018....6.5 sen

Before 2018....no less than 6.5 sen.

2022...will probably be much higher due to additional profit from gloves.

We have turned positive on the long-term prospects of GenT as we opine that GenT will see an exponential YoY profit growth in FY22. However, we believe that FY21 performance will be weaker than expected due to the inter-state travel bans imposed in Malaysia lasting longer than expected. Nevertheless, we believe that investors would start to look beyond FY21 due to the timeline of vaccine rollouts despite rising Covid-19 cases of late. The development of RWLV is also going well and it is slated to open on 24 June 2021. The opening of RWLV is expected to add c. 4/6 % to GenT’s EBITDA for FY22-23. Hence, we roll forward our SOP valuations from FY21 to FY22, upgrading our Hold call to a BUY call at a TP of RM6.00.


https://klse.i3investor.com/servlets/ptres/59361.jsp

Haha......

Short sellers covered their position by 8.4M shares on Friday 23-4-21

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210423.pdf

This uptrend is different from the one in October, where it went up very high and very fast but gave back all the gain as fast.

Now, it is more slow and steady....it's more sustainable.

After some consolidation and base building, hitting October high in medium term is a high posibility.

@TedTock....agree.

Collect and keep for mid to long term, 1-2 years, don't trade.

Haha....LOL

NAPS RM1.42

The only "glove stock" that trades below it's NTA.

Last year, EPF sold Mahsing from 30+ sen to 50+ sen and ceased to be substantial shareholder.....today Mahsing is RM1.01...

....you want to follow EPF?

....haha...lol.

EPF buys boring stocks and keep long long....what brewing??

Haha....lol.

Yes, correct.

If you look back the historical movement for past few months....after a wave up, it will consolidate for sometime......

It takes time for improved fundamental to price in the share price.

Going forward, longer term, share price should move significantly higher due to property recovery play and contribution from gloves...even if ASP for gloves drop back to pre covid level...it is still an ADDITIONAL profit, which has not been fully priced in yet.

This uncle got ZERO credibility.

He is the BIGGEST CONMAN in i3

Conning newbies to put money in his pocket.

https://www.thestar.com.my/business/business-news/2021/04/24/opportunities-in-equities

In the Malaysian equity market, TA Research says the potential recovery plays are in the banking, building materials, consumer, oil and gas, plantation, property, and tourism-related sectors.

On banking, TA Research’s optimistic take is based on improving consumer and business confidence. It adds that financial institutions in the country are backed by strong capital and liquidity buffers, along with benign asset quality.

https://www.thestar.com.my/business/business-news/2021/04/24/opportunities-in-equities

As for tourism-related counters, TA Research says the price recovery is not over yet, and there could be a second leg rally in the fourth quarter of this year to the first quarter of 2022, when Malaysia achieves herd immunity and borders reopen for mass travelling.

https://www.thestar.com.my/business/business-news/2021/04/24/opportunities-in-equities

TA Research expects property earnings to be underpinned by the country’s economic recovery, low interest rate environment, and supportive government measures.

“We believe housing market recovery is imminent and expect developers to record an encouraging sales growth of 16% and 10% in 2021 and 2022, respectively, ” it says.

https://www.msn.com/en-gb/news/uknews/britain-no-longer-in-a-pandemic-thanks-to-vaccines-cutting-covid-by-90percent-experts-say/ar-BB1fXccl?li=BBoPWjQ

https://markets.businessinsider.com/news/stocks/jpmorgan-jamie-dimon-stocks-crash-warren-buffett-advice-market-timing-2021-4-1030335915

https://markets.businessinsider.com/news/stocks/jpmorgan-jamie-dimon-stocks-crash-warren-buffett-advice-market-timing-2021-4-1030335915

https://markets.businessinsider.com/news/stocks/jpmorgan-jamie-dimon-stocks-crash-warren-buffett-advice-market-timing-2021-4-1030335915

https://www.theedgemarkets.com/article/ekovest-md-lim-keng-cheng-trims-stake-ceases-be-substantial-shareholder

MD run run run liao !!

Prior to 2019, yearly dividend was 6.5 sen and higher.

At current price, it yields 6+ %.

With additional contribution from gloves, can expect dividend to be much higher for 2022 onwards..
...the company dividend policy is 40% payout

@choysun...Yes, as a long term investor like you, I am investing for long term....even though my average price is 0.692, I didn't sell during the previous run to 1.47 in October.
I see potential in the stock going forward....come join and buy some.

Thanks SSP

At closing price, paper profit is 159K

Posted by stkoay > Apr 22, 2021 12:24 PM | Report Abuse X

Go get some nasi lemak and teh tarik money from MAHSING.

_____________________________________________________________________

Sorry, my mistake....

....it should be abalone, lobster and fine wine..

....haha :p

NTA....RM1.42

Pre Covid, before 2018, stock was trading around RM1.50

This year property sales target 1.6B
https://klse.i3investor.com/blogs/AmInvestResearch/2021-02-26-story-h1541912590-Mah_Sing_Group_Targeting_new_sales_of_RM1_6bil_for_FY21.jsp


Gloves...cost USD36-40 per 1000
.........orders at hand price USD85-115
......by year end production will be 3.68B pieces

.....at a very conservative profit of USD20 (post covid)
....profit will be about RM300M...EPS 12.4 sen
....at PE 10 times, gloves alone is already RM1.24...excluding it's property and plastic manufacturing.

Do the maths....

Buy to keep for long term.....

https://www.theedgemarkets.com/article/mah-sing-secures-glove-orders-september-priced-us115-1000-pieces

KLANG (April 22): Mah Sing Group Bhd, which expects to kick start its rubber glove production next month, said it has secured purchase orders for its gloves until September this year, with average selling prices of between US$85 (RM349) and US$115 (RM473) per 1,000 pieces.

When asked about the profit margin for glove business, Leong only provided the costs based on current raw materials, which average between US$36 and US$40 for 1,000 pieces.

https://www.theedgemarkets.com/article/blackstone-bets-billions-reopening-and-travel-revival

Blackstone said the firm is now seeing signs across its portfolio of companies that people's behaviour is shifting: At the Cosmopolitan hotel of Las Vegas, money going into slot machines was at record levels. Forward bookings for travel in the UK were also at a high.

@Imnoobonly.....Yes! We HUAT together.

BUY !!

https://www.theedgemarkets.com/article/mah-sing-secures-glove-orders-s...


3.68B pieces at a conservative profit of USD40 per 1000 equal to USD147 million.....which is equal to MR603 million.....which is 24 sen per share.