Hold tight tight. I have 6 sense it take over the glove factory that few months ago Anzo going to take over but fail. Because the earning forecast match the production capacity .
Based on the Anzo announcement take over the glove company in ayer tawar, which I believe will take over by Mahsing, the glove capacity per month is 100mil which in turn 100k carton x usd30 profit x 4 (exchange rate to my) x 12 month which is RM144 mil a year that match to the mahsing announcement rm100m to rm150mil a year PAT.
Hopefully the information given by Jinghee and his calculation of profit from manufacturing of hand gloves will come true after the acquisition of hand gloves factory at ayer tawar.
Two issues need to tackle. 1) swift action on acquisition of glove factory. 2) Moh approval. As far as i know there are some companies still pending for MOH approval.
Have to be patient. I believe Mah Sing also know property has bleak future. Time to diversify. I trust Tan Sri Leong. He is a know how to adapt type of businessman
Yeah, I m sure a company with so much cash wants to diversify into another industry when the property market is so bad. Only make sense they will do so, and carefully
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....
dcds_dck
1 posts
Posted by dcds_dck > 2020-10-01 00:48 | Report Abuse
Mind to share what announcements? Thanks