Kwphuah, TopGlove is making Billions in profit and why are they considering possible listing iin Spore or HK , which will further result in new TopGloves shares being issued and fund raised ...
On the issues of div not being paid , Top Glove make billion in profit and why the dividend paid out is so low... that close my view on "" why no dividend is being paid out for Fintec""
Think and do your research if you wish to make wise investment..
Next 14 days will be critical for those who have position in Fintec..
Fintech is a past master 'Marionettist' a number of their incubatees, latest being AT, Focus have defied gravity n sky rocketed. Just wait for company's meteoric ascend Why then RI. That is their mysterious move.
Guys , there is a good Article on Fintec on this Page dated 19th August 2020 titled " Is Fintec PA a fat frog dancing in the street" ...reading that Article will provide you with the better understanding on the True fundamental value of Fintec shares.. how can a counter , with an NTA of at least RM0.80 in portfolio investment priced at 12cts....????
3Q result is expected to be announced on or before 25th Nov nd expected a declared profit of not less than RM500.0 million which the number of sharesoutstanding is appro. 1.4 billion...based on the 3Q profit alone , the shares should be valued at least 35cts per shares. How about their other investment portfolio..?????
Why the right issue...it is being raised to tfinance the Glove business in Kulim , Kedah. Expected announcement from the company on this investment , which will start the wild chase for fintec...
AT Systematization is the most underrated & unknown glove maker - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Tue, 10 Nov 2020, 3:07 PM
On 29 June the company said in a filing with Bursa Malaysia that it was acquiring glove maker Pearl Glove Sdn Bhd (PGSB) for RM22 million cash.
It said the vendors were Hai Hong Capital Sdn Bhd, P'ng Sim Guan, P'ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon.
The group noted that the immediate outlook for PGSB's existing business as a trusted and tested OEM/ODM manufacturer of safety gloves is extremely positive as the demand for industrial safety gloves increases proportionally with improving workplace and safety practices globally.
On 6 November AT Systematization signed an agreement with LKL International to sell and distribute natural rubber latex and nitrile gloves. It will start production of medical gloves in December.
The gloves would be mainly distributed to hospitals and healthcare providers, with a targeted volume of up to 2.6 billion pieces per year.
LKL managing director Lim Kon Lian said AT Systematization would be able to tap into the former’s extensive distribution network within the healthcare industry, both in Malaysia and internationally.
Comparison
AT Systematization’s total issued shares is 3180 million shares X 19 sen = Rm 605 million market capitalization. It produces 2.6 billion gloves annually. Rm 605 divided by 2.6 billion = 23 sen per glove
Comfort Glove’s total issued shares is 583 million shares X Rm 4.22 = Rm 2.460 billion market capitalization. It produces 5.4 billion gloves annually. Rm 2.46 billion divided by 5.4 billion = 46 sen per glove.
Supermax’s total issued shares is 2.721 billion shares X Rm 8.90 = Rm 24.217 billion market capitalization. It produces 26.6 billion gloves annually. Rm 24.217 billion divided by 26.6 billion = 91 sen per glove.
If AT Sys is the most underrated & undervalued glove making company, Fintec will undementally and undervalued Glove making company , many times over as compared to AT Sys...
I will provide my viewpoints in coming post... using similar arguments as per your post...
Cheer & Good luck ...fintec is spiking very fast ... do regret if you miss the boat,,....
8888_ simple mathematics and Fintec has market portfolio in excess of RM1.0 billion & NTA in excess of 80cts per shares while AT NTA is very negligible and now making losses ...both will be in the same Glove Making Business with similar output capacity..
AT Sys is 25 cts and Fintec is 13 cts...made your choice..
Cheers & Good lucks guys .... fintec will spike in the coming days...
Fintec hold in excess of 400.0 million shares in fintec...the spike of AT from 10cts to 26cts ie 16 cts , would have increase fintec investment in AT by RM64.0 million of equivalent of appro 5cts of fintec market price.
My father make money from AT...Although I say that's a lousy counter. I make money from fintec, I also say Fintec is a lousy counter.
sour sour pineapple....shit u buy ada naik?
That's how when shit they buy don't up even they do years of studies, but they jealous people make money else where. Ini namanya hati busuk. I know how that feels bro. I feel you.
RJ87 My father make money from AT...Although I say that's a lousy counter. I make money from fintec, I also say Fintec is a lousy counter.
sour sour pineapple....shit u buy ada naik?
That's how when shit they buy don't up even they do years of studies, but they jealous people make money else where. Ini namanya hati busuk. I know how that feels bro. I feel you. 11/11/2020 2:26 PM
then, why u sour sour? Should be happy happy mar...
Got buy and make money. Still sour sour like this.. Con lan firm a stupid. hahahhaha Up also unhappy down also unhappy. Where to find this kinda stupid?
This one is universally known one. If they convert the paper profit into hard cash, who are the beneficiary?
Let me tell u this, humans are indifferent. Majority will find ways to squirrel and squander. So, always ask...if you are the BOD, what would u do? Materialise the profit and reward stakeholders? u go dream on la...Better stratergy is use resource from Fintec to goreng the other counter that he owns.
Now, I'm betting on...Eh BOD, don't la so selfish. Materialize 100mil profit. Pay abit dividend. You don't hv to push fintec. The monkey see balance sheet ada cash 100mil, market cap only 150mil and 0.5sen dividend, they will come push for you. Just 100mil only. Not much. Not much.
jlex11 8888_ simple mathematics and Fintec has market portfolio in excess of RM1.0 billion & NTA in excess of 80cts per shares while AT NTA is very negligible and now making losses ...both will be in the same Glove Making Business with similar output capacity..
AT Sys is 25 cts and Fintec is 13 cts...made your choice..
Cheers & Good lucks guys .... fintec will spike in the coming days...
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Posted by newbie5354_ > 2020-11-11 09:15 | Report Abuse
AT 23 sen; 25 sen, 30-40 sen Fintec no concern and no gain true?