Tekseng is increasing capacity on PP non woven materials by allocating RM20m on the expansion. What it means is demand is greater than supply currently. You can expect the sales to increase exponentially once the new capacity come on stream. Profits will be growing and this will be reflected in the the share price, cheers.
Govt fixed mask ceiling price is RM1.12/ piece. I met one supplier, he told me current selling price of 1 box 50 pieces is RM25, RM0.50/ piece already good profit. If shot up to RM 1.00, the profit will be double. Effective from 1/8, compulsory mask wearing in public area, the demand will be very very big. You can imagine this counter profit will be double or triple ! Buy and keep now!
TEKSENG the only readily listed non woven fabric producer. OCNCASH is not competitor. There are 1001 new face mask manufacturers and only 1 listed manufacturer for the raw material of face mask
This is one counter where the price is going to rise even more once the June Qtr is released in August. It will be more than RM1 in the short term ... and I expect Tekseng to have more media news under current health situation. Good luck everyone.
@JL09 Closed period is defined as period commencing 30 calendar days before the targeted date of announcement of a listed issuer’s quarterly results up to the date of announcement of the quarterly results.
Based on its top 30 shareholders list as at 5 June 2020, Kenanga have three asset management funds parked in Tekseng, whilst, Affin Hwang Asset has one. Once Q2 result is announced exceeding street estimates, more funds will hop in. The higher the price, the faster it moves. Hold tight, cheers.
@happy investing You have to compare apple with apple, not apple and banana... what Luxchem do? (petrochemical products with poor outlook) Vs. What tekseng do? (raw material for mask with extremely bright outlook for at least the next 2-3 Qtrs)
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....
KSL5242
170 posts
Posted by KSL5242 > 2020-07-23 18:32 | Report Abuse
Another careplus in the making