Awaiting results of VS Industry, ATA IMS, SKP Resources

On a side note, Thong Guan reported favourable increase in earnings from plactic packaging business

With about 100mil in cash, MTAG should venture deeper into plastic packaging in view of increasing e-commerce sales and take-away trend in F&B sales

Bloomberg mentions MTAG provides packaging services. The company offers labels and stickers, foams, and cardboard.

https://www.bloomberg.com/profile/person/21219492

During MCO, consumer spending on e-commerce sites such as Shoppee and Lazada increase to new heights.

Packaging and labels seen as benefiting from this online spending habit.

The Edge Malaysia issue 18 May 2020 mentioned about ATA IMS (holding company of Jabco Filters) halted production from start of MCO until mid April.

As such, the filters mesh business may be lower during this period.

As for MTAG printing business, there is no announcement on its operation during MCO.

Printing and packaging was listed as essential service early on during MCO.

It would clear the air if Affin Hwang analysts can make contact with the management on whether operations were affected during MCO.

And what are the company's plan for MTAG Land after abortion of land purchase.

Consumer interest in air purifier in recent weeks as seen in comments sections

https://s.lazada.com.my/s.b4zy8

https://s.lazada.com.my/s.bfdRG

Average 12 hours usage a day, filter replacement once a year

Building owners and employers must improve air quality to prevent spread of Covid-19 through the air conditioning system

https://www.theedgemarkets.com/article/building-owners-employers-must-improve-indoor-air-quality?type=malaysia


Demand for filter related products will be gradually increasing

The company is authorized distributor of Henkel and 3M products

Distribution business gross profit is around 30% for FY19

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=882831&bb=899021


With the company exploring to expand customer base into medical industries, Henkel is also a supplier for medical adhesives

https://www.henkel-adhesives.com/my/en/industries/medical.html


MTAG was appointed as a 3M converter since 2001

The types of mesh materials that MTAG converts are non-woven materials, fibreglass, PTFE, polyester and stainless steel.


The N95 mask requires a fine mesh of synthetic polymer fibers, specifically a nonwoven polypropylene fabric.[5] It is produced by melt blowing and forms the inner filtration layer that filters out hazardous particles

https://en.wikipedia.org/wiki/N95_mask

The company is exploring to expand its customer base to various other industries, for example food and beverage (F&B), and medical

Ultrasonic Slitting & Melting Machine utilization rate at 50%

The types of mesh materials that MTAG converts are non-woven materials, fibreglass, PTFE, polyester and stainless steel.

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=882831&bb=899021


Considering the utilization rate for Mesh Machine at only 50%, with the increase in demand for disposable mask, the company may be able to make good use of the production capacity.


Materials used in 3-Ply Disposable Mask on the market: Non-woven

https://www.lazada.com.my/products/local-ready-stock50-pcs-disposable-3ply-non-woven-mask-with-ear-loop-topeng-muka-3-lapis-fast-delivery-breathable-surgical-design-a-grade-medical-quality-water-resistant-i876862433-s2157574304.html?spm=a2o4k.searchlist.list.1.78031fe8QTEUl5&search=1


https://www.lazada.com.my/products/bergamot-3ply-disposable-face-mask-i902000657-s2235222831.html?spm=a2o4k.searchlist.list.7.7cd8e207yLVubw&search=1

The Edge reported recently that the British government no longer need Dyson's ventilator

Dyson spent 20mil GBP on developing the ventilator

https://www.theedgemarkets.com/article/dyson-says-uk-government-does-not-need-its-covid19-ventilator

About 50% of revenue comes from converting Mesh to customer Jabco Filter System Sdn Bhd (subsidiary of ATA IMS)

Mesh are used to make filters in domestic appliances such as vacuum cleaners, air purifiers

MTAG has more than 10 years of technical knowhow and business relationship with Dyson.

Incurred significant testing and development costs on various mesh materials to meet the new specifications of new vacuum cleaner models.

With the recent outbreak of Covid-19 pandemic, Dyson has started producing ventilator named the CoVent. The device is engineered to deliver high quality, filtered air.

The British government has placed an order for 10,000 units.

https://hk.asiatatler.com/society/james-dyson-covent-ventilator-coronavirus

"Company C"

A global contract manufacturer and producer of injection moulded plastic precision parts based in the Philippines and who is a subsidiary of a public listed company listed on The Stock Exchange of Thailand

From the IPO Prospectus:

"Company C was one of our Group's top 5 major customers for FYE 2018"

Any idea who is Company C?

We have started working on a few very interesting collaborations after [Feitian] became our shareholder, like FIDO [fast identity online] devices, of which Feitian is one of the world’s leading providers, and devices related to mobile payments, such as Cloud Payment Voice Box and Smart POS.

https://www.theedgemarkets.com/article/cover-story-capitalising-big-tech-divorce


in reply to Chong1116

https://www.nst.com.my/business/2019/12/551165/securemetric-aims-increase-recurring-income-50pc-launch-saas


Meanwhile, Law said the company’s orderbook stood at at RM12 million.

It is currently bidding for RM25 million more contracts in the region.

He said Securemetric’s win rate stood at 80 per cent

The APAC market is expected to grow at the highest CAGR during the forecast period, owing to notable adoption of the technology as enterprises across telecom and IT vertical are now adopting cloud-based PKI solutions to manage their IT infrastructure better.

Major vendors in the global PKI market include Gemalto (Netherlands), Nexus Group (Sweden), Verisign (US), Entrust Datacard (US), DigiCert (US), Futurex (US), Comodo (US), GlobalSign (UK), WISeKey (Switzerland), SSL.com (US), ACTALIS (Italy), HARICA (Greece), Securemetric (Malaysia), ENIGMA (Poland), and eMudhra (India).


https://www.google.com.my/amp/s/finance.yahoo.com/amphtml/news/global-public-key-infrastructure-pki-192000281.html

Private Placement by Feitian Technologies for project:

The security chips, equipment and systems developed in this project are an organic whole. The chips developed by the company are used in the development of security equipment to achieve a certain vertical integration, which can effectively reduce costs and enhance product performance.
Promote the promotion of security equipment market and the expansion of sales scale; security equipment provides basic market demand for security chips and reduces the market risk of chip research and development; security chips can also be sold independently, enriching the company's product variety and reducing project investment risks. The research and development of security systems can enhance the company's "system-level" information security solutions, and promote the marketing of security equipment and security chips. Through the implementation of this project, the company will form a "chip-device-system" systemized product portfolio, which can provide customers with a full range of safety products and services.

Google Translated from original text:

本项目研发的安全芯片、设备和系统是一个有机的整体，公司研发的芯片， 用于安全设备研发，实现一定的垂直一体化，可以有效降低成本，增强产品性能，
促进安全设备市场推广和销售规模的扩大;安全设备为安全芯片提供基础市场需 求，降低芯片研发的市场风险;安全芯片也可独立对外销售，丰富了公司产品种 类，降低了项目投资风险。安全系统的研发可以增强公司“系统级”信息安全方 案解决能力，促进安全设备、安全芯片的市场推广。通过 本项目的实施，公司将 形成 “芯片-设备-系统”体系化的产品组合，可以为客户提供全方位的安全产 品和服务

http://disc.static.szse.cn/download/disc/disk02/finalpage/2020-04-21/eb560409-0724-4108-bc32-3e4c6f0e3871.PDF

https://www.google.com.my/amp/s/sg.news.yahoo.com/amphtml/brief-feitian-technologies-raise-850-112810717.html

https://www.google.com.my/amp/s/www.thejakartapost.com/amp/news/2020/04/13/indonesias-e-signature-start-ups-gain-traction-amid-pandemic.html

Dampak wabah virus corona, pengguna PrivyID melonjak hingga 350%

https://amp.kontan.co.id/news/dampak-wabah-virus-corona-pengguna-privyid-melonjak-hingga-350

Over 80 digital and tech companies have stepped up and offered digital solutions and services to local small- and medium-sized enterprises (SMEs) that were negatively impacted by the Movement Control Order (MCO), under the #DigitalVsCovid movement initiated by the Malaysia Digital Economy Corp (MDEC).

https://www.theedgemarkets.com/article/over-80-local-tech-companies-join-mdecs-digitalvscovid-movement?type=malaysia

https://mdec.my/home/c19techrelief/

Securemetric plans to venture into new South-East-Asia markets namely Myanmar, Thailand and Cambodia.
https://www.thestar.com.my/business/business-news/2019/06/24/securemetric-eyes-new-markets


The group’s major customers include VAXUCO (the procurement arm of Vietnam’s Ministry of Defence), Bank of the Philippine Islands, Scope International and Lazada.

Bank Negara’s comprehensive Risk Management in Technology (RMiT) guidelines, which aims to safeguard the financial services sector from surging global technology risks.

In fact, Securemetric has recently secured several letters of award from local financial institutions, in relation to RMiT.
https://www.thestar.com.my/business/business-news/2020/01/28/securemetric-to-expand-recurring-income-business

Securemetric looks to participate in Malaysia’s setting up of the National Digital Identity, with the group’s forte in digital signature and digital authentication, as well as drawing experience from its partnership with PrivyID, Indonesia’s first Non-Government Institution Certified Certificate Authority.

Over at Securemetric Bhd, the digital security specialist saw 27.37 million shares or a 5.62% stake cross off market in multiple block trades and direct deals between Feb 12 and 17.

These blocks of shares were traded at 14 sen to 18.5 sen apiece, for a total transaction value of RM4.35 million.

https://www.klsescreener.com/v2/news/view/647436/off-market-trades-scomi-energy-services-bhd-gunung-capital-bhd-securemetric-bhd-lotus-kfm-bhd