Posted by calvintaneng > 2020-05-17 19:09 | Report Abuse

One more thing

Do you realise the low cost of land prices for all 12 acres in book value

Total book value only Rm2.575 millions or only Rm214,000 per acre or only Rm4.90 psf

The Net Asset Value of Nylex already more than Rm1.80

If revalued NAV of Nylex should go up higher

In short, Nylex is Selling at Very Deep Discount to Book Value

While Gloves are selling many times price to book value both Nylex & Ancom are selling at Deeeply Discounted Price to Book Value

That makes them even more Valuable now

Posted by calvintaneng > 2020-05-17 19:38 | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-05-13-story-h1507003335-NYLEX_4944_A_Surprising_Discovery_Nylex_Ethanol_Factory_is_Bigger_Than_.jsp

Posted by Daz Ng > 2020-05-17 20:20 | Report Abuse

The cheapest source of ethanol is from petrol chemical. Food grade ethanol are more expensive and local malaysia production cannot beat china or thailand for this fact. Sales might be good but whether the company will be able to sustain profit will be another issue. Do you know that malaysia government impose 50% duties on food grade ethanol

Posted by calvintaneng > 2020-05-17 20:39 | Report Abuse

Ethanol is alcohol from plants like sugar cane or beetroots, while petrol based alcohol is isopropyl

I don't think Malaysia tax ethanol much as it is used for medical purposes as sanitizer

Isopropyl cannot be consumed as it is poisonous while hexza made ethanol into wine.

Since hexza limited amount of Ethanol could make it limit up Nylex with bigger capacity should do well

As of now few people are aware of the potential of Fermpro of Nylex

Posted by Huat huat 2020 > 2020-05-17 22:07 | Report Abuse

Calvin has the sharp eagle eye. I love it. Even has the FERMPRO plant picture...

Posted by ccy123 > 2020-05-17 22:18 | Report Abuse

Ancom, Nylex Boss Siew under investigation by MACC about rm100m tourism contract. Pls refer to press report. Better don't touch

Posted by calvintaneng > 2020-05-17 22:39 | Report Abuse

Is it?

Precisely Stanley of Supermax under investigation for apli people stayed away that Calvin bought Supermax at Rm1. 73

Still holding supermax even as it has gone up to Rm3. 97 more than doubled already

So we deal with company as it is in its prospect

A listed company like Nylex has a board of directors and auditors plus oversight by bursa

Nylex is not a private company

So very ok

Posted by calvintaneng > 2020-05-17 23:36 | Report Abuse

Sugar up is only a one off due to Hari Raya festive stock up

Once over it will be only so so for msm.
Plus sugar price is govt controlled

Nylex ethanol is not under price control

So when demand increases price also adjust upward

Plus demand for ethanol will continue to increase as all countries emerge from lock down and start using sanitizer to clean hands and disinfect everything everywhere every nation on earth