D'nonce Technology — Riding on the booming glove and E&E sectors Target price: 88 sen — Riding on the booming glove sector and electrical & electronics (E&E) sector, seen achieving record earnings in FY21 as their packaging boxes are used by major glove manufacturers — It makes glove boxes in its Sadao facility in Thailand, where it supplies to major glove makers such as Top Glove Mercator, Halyard, and Sri Trang, with an estimated 30% of the local market share — Earnings contribution from the Sadao facility will gradually come on stream in 2HFY21 and full contribution from the expansion by FY22 — Also serves the E&E sector with major multinational companies of memory drives and semiconductor manufacturers, providing cleanroom services, box-build assembly, and manufactures plastic components parts mainly used in PCB assembly
Normally early in the month they would release it. I wonder if they're trying to match topglove QR date. I'm not sure. but definitely within this month.
Actually TG with all their billions should secure their supply chain by buying into a packaging company rather than spend so much on share buy back. Potentially a takeover target
With no IT subsidiary how can that happen, anyway expansion is visible growth substantiated. Judge for your self. Let the operator bring down the price, just giving more opportunities to buy....
Hi Luke and Gillian, I think you may be mistaken because cleanroom facilities are normally for EMS players, not really related to healthcare players. In the case of vaccine or medical use, what they need is a sterile room, not clean room.
A sterile room may not be a clean room. A clean room may not be a sterile room. Do take note ya. Dnonce makes EMS parts for certain medical related devices amongst other things. They are not involved in logistics for vaccines, nor do they have the capability for that as well, as to what you seem to be implying.
Result seems ok. it proves that the earning is sustainable. cash is healthy at 40+ m. expansion in both prai and sadao. TG production diversion to Thailand for 2 weeks shut off in Malaysia should only be beneficial to them.So far so good.
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