Correct. Like I said before here, we as investors don’t even bother about their CNC for mask la, UV la, Dyson all these. Results speaks everything. Topglove boss don’t even bother to say all these things. But see their results.
Hong Kong leader Carrie Lam says COVID-19 'critical' after 100 new cases Commuters wear face masks on a metro train in Hong Kong. The city's leader says coronavirus is Commuters wear face masks on a metro train in Hong Kong. (photo: AFP/Anthony Wallace) 19 Jul 2020 05:13PM (Updated: 19 Jul 2020 05:21PM)
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HONG KONG: Hong Kong's leader said Sunday (Jul 19) that COVID-19 was spreading out of control in the city as she announced a record daily high of more than 100 cases and ordered new social distancing measures.
Summary for expansion plan-PPE(CAPEX 10mil)(ROI-6 month), so basically return for PPE segment will generate around 5mil for Jul-Sep quarter. Face mask: -Invested in 3 lines-8 million 3 ply surgical face mask per month. (Up June)-Local and export market -Invested in 1 line-4 million 4 ply medical face mask per month. (Up August)-Export Market, mainly to US. -Face mask est sales: RM11.2 mil a month -Face mask local sales through distributorship and online sales whilst exports will be through in-house marketing and our customer channels.
PP melt-blown fabric machinery for output(80% costs of mask) -Invested 2 machines-20 tons per month(Up June) -Invested 2 machines-20 tons per month(Up August) -Notion will develop in-house spinneret mould and reengineer for MB production machinery in 3 months -PP MB est sales: RM6.3 mil a month -PP MB we have ready buyers in China and also local enquiries from face mask makers.
1.Others face maker only mention double digit profit, dare not confirm the % but Notion do mention their mask business can achieve 30% gross profit as they can control over the price of raw mat.
2.Early July Thoo mention to add 4 more line for mask?WHY add? Thoo mention in an interview they won't simply do something for no reason, he claim that there are alot enquiry about their mask, so I believe the demand for mask from oversea is there and not charter for local market but oversea. So 4 more line added to 8 production line in total with output 20mil pieces a month compare just 10-12 mil amonth. Forwarded earning from RM5mil for mask and now should be around RM9 mil or even more due to economic of scale.
In conclusion Face mask shortage is another issue facing oversea, even the barrier f entry very low, but why so many listed company include, SCGM, PECCA, ICONIC, NI SHIN and forth into this PPE segment. MASK on is the new norm in oversea especially during this critically pandemic period. Do remember Notion Automotive, EMS and HDD client can also be their distributor.
Business Outlook -Notion is still have solid demand orders in the HDD and we are developing the aluminium extrusion business. (supported by DUFU and JCY share price) -EMS-Dyson -Automotive-brake system-Notion brake system capture >15% of world market share, even T esla latest concept car model also needs to use the says brake system. (This sector is in recovery stage)
Share market is forward looking. If the face mask really contribute that much of earnings why the share price no movement? Look at glove counters. Please explain.
@steve ooi, if I remember correctly. The management of this company say they’re not targeting Malaysia market la. They’re more to US, HK market la this and that. Unless the management u turn here and there with no specific direction
Thoo did mention for 3 ply mask ROI is only 6 month and 4ply/N95 even shorter.
investmalysia @steve ooi, if I remember correctly. The management of this company say they’re not targeting Malaysia market la. They’re more to US, HK market la this and that. Unless the management u turn here and there with no specific direction
Once Notion made its brand a well known quality face mask manufacturer in the local and world markets which will take time, this counter potential is immense, Almost every country mandate to wear face mask.
心理战术,if you continue watching this counter...i bet you will chase high. so after sell, better you delete it from your favourites. Else the end you get trapped.
If everybody wear face masks everyday and with 30+ million Malaysians plus billions of overseas people, manufacturing masks as good as and as profitable as glove manufacturing !!
this stock as i say, better sell then switch to other stock like fpgroup,jcy ,hubline or others, wait other side earn 30% then come back, i am sure still can get further discount from today price !!!!
Sooner notion will go into toilet paper business, venture into hard disk cannot stimulate the price, going into mask also fail to stimulate price, i think very likely will go into toilet paper, because this business confirm every household need to use it everyday!!!
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....
investmalysia
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Posted by investmalysia > 2020-07-15 19:22 | Report Abuse
Seems like many people already lose patience in this company. I already say during last month to give up on this company. Time is money.