It should be looking quite strong for now. PP non-woven prices shot up close to 300% in April and May and we are looking at 200% from June to August. Overall, we are seeing a price surge of over 200%,” Eng Chun says, adding that net profit margin has doubled to 15% from the 6% to 8% seen before the Covid-19 pandemic.
A well managed family owned business. Benefitting immensely from the healthcare raw material supplies required to meet production and demand. Early bird entering this stock will see big returns by year end. The rate of return for glove stocks are not cost efficient over the high prices currently. It's a game of buying and selling before it corrects. The dividend yield is paltry and everyone chasing just for capital gains like pure gambling. As usual, memories are short. Better be safe than sorry, cheers.
TP RM1.0 still intact and will definitely touch RM0.85 before QR. Will have better results definitely. Uncle KYY couldnt spot this counter or else he will wallop the shares and push it up to RM1.0 short term.
Expecting Tekseng to declare dividend in upcoming result. I think the figures should be very good with much higher prices fetch on it's PP non woven material sales. Selling for a song compared to the glove players, cheers.
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....
chickmonk
991 posts
Posted by chickmonk > 2020-07-02 14:38 | Report Abuse
school started...face mask selling fast!!