i don't think government imposing ceiling price on mask will affect SCGM much. before covid mask are selling at about RM11 per box (50 pieces). Now even SCGM is selling mask at 70cent per pieces it will still make whole lot of moneyyyy.
@vavower838 indeed, many has failed to know their core business is plastic and food packaging. With the low raw material prices and spike in sales both domestically and international export, I strongly believe their result will be record high. Bpplas record high result released just last 2 week and Tong Guan result to be released this week.
TGUAN making fresh high while SCGM struggling at support. doesn't make sense, market not appreciating SCGM is player in Plastic industry rather than Mask.
1 month of backlog orders + low raw materials price + increasing demand from Australia and local for F&B packaging.. Coming result will be another boom
SCGM BHD ("SCGM" or "the Company")- Proposed Renewal of Authority for Share Buy-Back ("Proposed Renewal of Share Buy-Back") You are advised to read the entire contents of the announcement or attachment.
Looking forward to some good news in upcoming QR. Last quarter (Jan to Apr), during MCO, while the plant was not operating at 100% capacity, SCGM made 6.9 million. This upcoming QR (May - Jul), the plant has been operating at very high capacity, I expect it will make at least 20-30% more, 8 - 9 million for this QR. (Guess only). So, good outlook. :)
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....
tokohM
432 posts
Posted by tokohM > 2020-08-13 11:15 | Report Abuse
due to the glory of facemask has fade, cannot be glory again