No choice! Covid will be living together with human beings ! Apart from gloves, face masks is a must to all human beings! this is the only effective way to contain covid. No more locked down city or country, as this will seriously dampen the economy in the country ! What counter will perpetuate in this very turbulence and difficult time? Definitely Tek Seng is the counter that will be benefitted most!
Irrespective of whether down jone falls few thousand points or bursa index falls few hundreds points, or whether it is election that cause uncertainty, covid will be there and the most saleable products is masks ! Tek Seng is a recession proof, political uncertainty proof....
i think this counter will be part of crazy covid-19 maniac since everybody is buying face mask, after Carepls where it soar from 14c in Dec-19 to now close to rm4
No other counters can do well except covid prevention products! Study properly, buy and hold. Don’t be swayed by some big players , they are the one causing panic to sell down and collect again. They are just syndicate to make money from creating up and down! Hold tight!
Yesterday Trends Analysis showed that banker chips have dropped to 73% from a high of 93% in a matter of several days, meaning investors are gradually offloading their shares in the market. The silver lining here is that there are zero locked chips, meaning no selling pressure from retailers for now, which showed strong buying support. However, Stochastic Oscillator indicated that the trend line is descending with potential dead cross being formed. Once it breaks through downwards, we can expect further weakening of price. Otherwise, there could be a potential rebound, given the strong presence of banker chips and no locked chips.
Say 20m recovered in 2 yrs due to good price due good demand (tis precisely d reasons want to expand) so additional 10m per year of PAT at NOS 360m EPS 0.028
Total EPS 0.10
PE 15x = 1.50 PE 20x = 2.00
EPS for existing bizs could b higher due MCO over in Jun
Today 1/8, everybody wearing masks! You can imagine how big is the materials consumption ! During MCO, everybody staying at home, no need to wear masks. But now is mandatory! You can see the difference.
this counter is different from dpharma and pharma because it last 2 qr showed good result. pharma and dpharma just base on speculation. no show any profit.
TEKSENG is spending rm 20m to expand to do face mask non woven fabric can u imagine d increase in d scale of production? 2x? 3x 4x 5x? How many x?
To meet the increasing demand, a subsidiary of SCGM will purchase two machines from China at a cost of RM350,000. Both machines are expected to arrive and will be installed this month.
Orlando @ Come on ! Tek Seng didn’t do masks. It engaged in manufacturing masks related raw materials and trading of polyvinyl chloride (PVC) sheeting, parts for industrial and consumer use; PP Non-Woven segment, which manufactures and trades of PP Non-Woven related products; PVC Leather segment, which undertakes trading of PVC leather related products, and Solar segment, which earns major revenue is engaged in the manufacturing and trading of solar related products. It is involved in the manufacturing and trading of PVC related and non-woven related products, the manufacturing, designing, exporting, importing and sales of photovoltaic products, solar cells, solar panels, solar modules and solar-related products and the letting of properties.
Best to shut up if you don’t know crap. Don’t make yourself look like you have carrot IQ.
Orlando SCGM spending only rm 350k to do face mask biz
TEKSENG is spending rm 20m to expand to do face mask non woven fabric can u imagine d increase in d scale of production? 2x? 3x 4x 5x? How many x?
To meet the increasing demand, a subsidiary of SCGM will purchase two machines from China at a cost of RM350,000. Both machines are expected to arrive and will be installed this month. 01/08/2020 8:25 PM
Say 20m recovered in 2 yrs due to good price due good demand (tis precisely d reasons want to expand) so additional 10m per year of PAT at NOS 360m EPS 0.028
Total EPS 0.10
PE 15x = 1.50 PE 20x = 2.00
EPS for existing bizs could b higher due MCO over in Jun
At end 2019 TEKSENG plant and machinery with carrying value at only about 19m
No much of detail but can assume all r old junks by now
TEKSENG is spending rm 20m on new plant and machinery to expand to do non woven fabric can u imagine d increase in d scale of production? 2x? 3x 4x 5x? How many x?
Tek Seng is the covid benefitted company. 3rd qr will be very much better results. I believe the company will be running in full capacity not only till August, it will be till next year amidst the possible 2nd wave covid pandemic and compulsory masks wearing! Just hold tight, much much better than you put in the bank with low interest!
Seen in pictures d non woven fabric plant and machinery look simple as such can b installed quickly to start producing almost immediately hence TEKSENG management guidance tat d increased production wil come in in Q3
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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....
Stockwiser
263 posts
Posted by Stockwiser > 2020-07-30 20:01 | Report Abuse
Wah, suddenly so many TS supporters to defense it.