Posted by Underhand > 2020-08-13 10:03 | Report Abuse

Yes agreed.

Posted by NathanScott > 2020-08-13 10:41 | Report Abuse

https://www.thestar.com.my/news/nation/2020/08/13/health-experts-doubt-russia-vaccine#.XzSm99gSnEE.facebook

Posted by NathanScott > 2020-08-13 10:42 | Report Abuse

https://m.facebook.com/DoubleGradeMalaysia/

I think it’s genuinely from them.

Posted by NathanScott > 2020-08-13 11:05 | Report Abuse

https://www.thestar.com.my/news/nation/2020/08/13/health-experts-doubt-russia-vaccine#.XzSm99gSnEE.facebook

Posted by NathanScott > 2020-08-13 11:05 | Report Abuse

It’s coming...

Posted by hantutrade > 2020-08-13 11:11 | Report Abuse

fly fly fly

Posted by SiLiaw > 2020-08-13 12:32 | Report Abuse

Gloves & masks counters peak officially over. Only one outcome from now, all the way down to the original price in April

Posted by NathanScott > 2020-08-13 13:11 | Report Abuse

I personally feel the counters are not over because the vaccine from Russia is not approved by WHO neither approved by government.

https://www.thestar.com.my/news/world/2020/08/13/russian-deputy-pm-tests-positive-for-covid-19

Posted by Suve Tha > 2020-08-13 13:51 | Report Abuse

@Siliaw repeating this at all counter

Posted by KSL5242 > 2020-08-13 14:16 | Report Abuse

Get ready for wave 2

Posted by yujue2019 > 2020-08-13 15:22 | Report Abuse

u dumb... i correct... u dumb... i correct... wait me... out of bullet dy... wait me reload by selling banking stocks... u dumb dumb pls dumb dumb

Posted by tonypang01 > 2020-08-13 15:33 | Report Abuse

@value investor 888 : what do you think Q3 EPS will be?

Posted by yujue2019 > 2020-08-13 15:33 | Report Abuse

banking stocks need how long to double its price? 2 years? masks related stocks can double in 2 weeks... RM1.50 no hit no sell....

Posted by Stockwiser > 2020-08-13 15:44 | Report Abuse

Wow@yujue2019, you are so ambitious, if last week u said Rm1. 50 I think still achievable. But with the current price, hmmm... By the way, I still holding it. Seem like Tek Seng lose it lot of supporters too since the share price falling.

Posted by yujue2019 > 2020-08-13 15:58 | Report Abuse

@Stockwiser, after 03nov2020 usa presidential election, the long awaiting market avalanche will plummet until mother oso cannot recognize... only covid related stocks are resistant and can survive the storm.... So for now, LAUSAI is good to flush out the toxic bacteria in the bowel.......

Posted by PenguinDad > 2020-08-13 16:20 | Report Abuse

Wait for TekSeng to distribute dividend then buy.

Posted by ForceBWithU > 2020-08-13 16:26 | Report Abuse

Ever since the rubbish companies like UPA, Titijaya, GOCEaN,Komark ,Notion plus others coy which I lost track of, jumped into the face mask bandwagon, the whole face mask counters big price drop. Even TS which had a relative good QR is badly bashed. I hope the SC and Bursa comes hard on these idiots if they make irresponsible announcement to goreng their shares.

As for TS, I think it will gradually climb back to above RM1.20 in short term as we approach end of August. The 3 QR should see an EPS of probably 2.5 - 3.5 sen as it gradually increase the production capacity for PPE. My gut feelings. Dont flame me ok.

Posted by Hero76 > 2020-08-13 17:21 | Report Abuse

5 straight days TS drop...tomorrow onwards should close green..

Posted by Hero76 > 2020-08-13 17:27 | Report Abuse

The company is looking to declare dividends again after it stopped paying for two years due to the losses incurred. The last dividend payout was in 2017, amounting to 2 sen per share.

Hope next 2 QR dividends will be announced again after turning profitable this year. Finger cross.

Posted by George Leong > 2020-08-13 18:18 | Report Abuse

Continue to HOLD. Net cash company and higher expected profits in 3Q with Tek Seng doubling its production capacity with new machineries coming on stream in 3Q.

Posted by lau9639 > 2020-08-13 18:51 | Report Abuse

https://www.theedgemarkets.com/article/face-mask-and-ppe-demand-lifts-tek-sengs-fortunes

Posted by lau9639 > 2020-08-13 18:58 | Report Abuse

If you read the Edge interviews tek seng boss, Mr Loh Eng Chun, you will realise the coming quarter results will be very good. The company profit margin, productivity, the capacity, efficiency and market share increased substantially.
Once the correction is over, I believe this counter will spike high.

Posted by lau9639 > 2020-08-13 19:02 | Report Abuse

According to ED Mr Loh:
“For the PP non-woven segment, the revenue contribution was 25% last year. In the first quarter of this year (ended March 31), it made up about 30%. For 2Q, we’re looking at 70%,” Tek Seng executive director Loh Eng Chun tells The Edge in an interview. “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.

With that, Tek Seng, which has been running at full capacity of 300 tonnes per month, will double its production capacity when new machinery comes on stream in 3Q.

Posted by ForceBWithU > 2020-08-13 20:46 | Report Abuse

Now that TekSeng has reverted to a penny stock after 5 days of price drop, it's the right timing to accumulate the stock in anticipation of an improved Q3 financial results. With rm51 million funds available and market knowledge of the PPE market in Malaysia and increasing the business in US and Europe plus economy of scale with increased production capacity, TS is a good bet to see a re-rating by both analysts and serious investors.

I see no announcement of the major shareholders selling their shares during the previous run up to rm1.44 thus the shareholders knows the potential price upside all the way to CNY 2021.

Let's hope this is the start of a good run for TS.

Posted by NathanScott > 2020-08-13 21:32 | Report Abuse

With all the positive mindset, let’s hope tomorrow will break RM1 :)

Posted by skyjy100 > 2020-08-13 23:09 | Report Abuse

good FA company. Hold long also no worry

Posted by George Leong > 2020-08-13 23:39 | Report Abuse

Extremely limited sectors will do well in FY2020 & FY2021. Eventually healthcare sector is 1 of the only sectors with clear earnings visibility. Face mask is here to stay till FY2021 at the very least.

Posted by runroadtokl > 2020-08-13 23:41 | Report Abuse

be patient lar... adui...

Posted by Underhand > 2020-08-14 07:19 | Report Abuse

Just keep

Posted by Johnson Wong > 2020-08-14 09:26 | Report Abuse

NO HOPE

Posted by newuser999 > 2020-08-14 09:52 | Report Abuse

an unidentified vaccine caused panic sell.

Posted by bluetear > 2020-08-14 10:17 | Report Abuse

Dividend will be the golden eggs ^^ be patient

Posted by tonypang01 > 2020-08-14 14:02 | Report Abuse

Expected how many cents?

Posted by Stock Geeks > 2020-08-14 14:41 | Report Abuse

I don't buy shares for dividends, anyway buy in good company no panic.

Posted by Suve Tha > 2020-08-14 16:01 | Report Abuse

Just keep la if don't want to cut loss or lose money mana tau in future got any case like this one...

Posted by yujue2019 > 2020-08-14 16:11 | Report Abuse

panic sell good mah! I'll catch u when u fall, TS! No worry! Ask urself lah this question... Msia very good in fighting Covid, only few cases a day... unless no choice have to travel to the US....do u wanna
take the vaccine?

Posted by huatarr8888 > 2020-08-14 17:34 | Report Abuse

Belgian hospitals stock up on drugs, kits for possible second COVID wave -

https://klse.i3investor.com/m/blog/kianweiaritcles/2020-08-14-story-h1511708633-Belgian_hospitals_stock_up_on_drugs_kits_for_possible_second_COVID_wave.jsp

Posted by stockraiders > 2020-08-14 18:08 | Report Abuse

In absence of a vaccine, gloves and masks are still the most effective way of containing the spread of Covid-19. Market is really oversold now. Hope can rebound soon.

Posted by bravotwozero > 2020-08-16 07:41 | Report Abuse

Hasil penemuan dari Institut Penyelidikan Perubatan (IMR) mutasi jenis D614G telah dikesan daripada ujian pengasingan dan kultur virus COVID-19 untuk tiga (3) kes daripada Kluster PUI Sivagangga (kontak rapat kepada kes indeks) dan juga satu kes daripada Kluster Ulu Tiram (iaitu individu daripada Filipina).

Buat masa kini, kedua-dua kluster ini didapati agak terkawal hasil pelbagai tindakan kawalan kesihatan awam yang pantas di lapangan. Ujian awal dan beberapa ujian susulan sedang dijalankan bagi menguji beberapa kes lain, termasuk bagi kes indeks bagi kedua-dua kluster ini.

Walau bagaimana pun, masyarakat harus berwaspada dan lebih berhati-hati kerana virus COVID-19 dengan mutasi D614G ini telah terbukti 10 kali lebih mudah menjangkiti individu lain dan mudah merebak sekiranya disebar oleh individu ‘super spreader’.

Mutasi D614G ini ditemui oleh saintis pada Julai 2020 dan berkemungkinan akan menyebabkan kajian vaksin sedia ada tidak merangkumi atau tidak berkesan terhadap mutasi ini.

Apa yang perlu kita lakukan pada masa kini adalah dengan berdisiplin menagamalkan SOP yang telah disarankan seperti penjarakan fizikal, kebersihan kendiri yang tinggi terutama mencuci tangan dengan air dan sabun, serta memakai pelitup muka terutama di tempat awam, tempat sesak, tempat tertutup dan ketika sembang jarak dekat.

Situasi terkini COVID-19 didapati masih terkawal dan KKM serta agensi-agensi lain masih berusaha membendung penularan COVID-19. Kerjasama masyarakat amat diperlukan agar dapat kita sama-sama memutuskan penularan jangkitan COVID-19.

Posted by warmplayer > 2020-08-16 11:05 | Report Abuse

https://www.theedgemarkets.com/article/malaysia-walks-away-law-tackle-firms-over-forest-fires

Posted by huatarr8888 > 2020-08-16 12:47 | Report Abuse

Big hint peeps... Face Mask and gloves still has HUGE POTENTIAL!!!!

Posted by huatarr8888 > 2020-08-16 12:52 | Report Abuse

https://www.bernama.com/en/general/news.php?id=1870747

By DG Dr. Noor Hisham

Explaining the matter, he said, the D614G mutation was discovered by scientists in July 2020 and it is likely to result in the study on existing vaccine to be incomplete or ineffective against the mutation.

Therefore, he advised the public to continue to apply preventive measures and public health control, which is to practise the prescribed standard operating procedures (SOP), like physical distancing, self-hygiene practices and to wear the face mask.

Posted by NathanScott > 2020-08-16 14:23 | Report Abuse

https://www.nst.com.my/news/nation/2020/08/616944/highly-infectious-d614g-covid-19-mutation-detected-malaysia

Posted by bluetear > 2020-08-16 15:55 | Report Abuse

https://www.sinchew.com.my/content/content_2325719.html

Posted by tonypang01 > 2020-08-16 16:38 | Report Abuse

Ultimate still back to Earning is the key driver

Posted by NathanScott > 2020-08-16 18:18 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/08/16/who-over-30-countries039-daily-covid-19-cases-surpass-1000

Its saddening to see a company with good fundamentals are dropping with the news projecting that vaccine is found, which create a lot of havoc.

I still believe TS will rebound back to 1.5-2.0

Posted by NathanScott > 2020-08-16 19:38 | Report Abuse

https://www.thestar.com.my/news/in-other-media/2020/08/16/dr-noor-hisham-new-d614g-covid-19-strain-detected-in-malaysia-10-times-more-infectious

Posted by George Leong > 2020-08-16 20:49 | Report Abuse

Same here NathanScott!

Posted by tonypang01 > 2020-08-16 21:42 | Report Abuse

face mask will be the life style everyone to adopt for at least a year or more regardless vaccine or not. Today read the news from Sinchew interview public and farmasi, those mask from china r easily available with price of RM25+ /boxbut those local manufacturer r out of stock n selling RM 49/box, meaning Malaysian still looking local mask manufacturer instead of china make

Posted by NathanScott > 2020-08-16 22:24 | Report Abuse

100% agree on the statement from @tonypang91.

TS also has all the licenses requirement for making mask. I’m sure this will be an advantage to look into.

This week down is related to market correction and GDP.

Tomorrow healthcare shares will rebound again.