Calvin, have you ever spoken on the phone (or email) senior management of any companies you invested/traded in? I have. Have you?
My day job is in real estate. 20 years. I hv closed deals for several PLCs after initially approaching them (phone/email). I constantly talk to many PLCs. Have you?
If you are only here to trade, fine. Don’t post here if you hv no idea how any PLCs’ biz ventures moving forward will materialise. Mah Sing’s announcement/venture is pump n dump? Oh please...
Since the volume traded is very huge,profit taking is always the normal procedure,those who got no confidence ,please sell off and go to other tread to pick up your potential counters,for those who wanted to buy at 75 cts again has very little chance because a company with NTA 1.40 Ringgit paying dividend 3.35cts holding 1 billion cash money on hand is a very solid company.Compare to company like MMAG NTA13 cts , with EPS -2.49 cts but share price pump up from 36cts to 1.97 ringgit without real new business and now dump down to 37 cts killing a lot newbies whereas Mahsing is quiet safe at this level prive .
calvintaneng, don't be upset if you have missed the chance to make good article about the bright prospect of Glove manufacturing business, no one is perfect, just be happy when others are making good money...
Calvin Tan has missed out on Mah Sing and is so envious that he wants to talk negative. Imagine comparing Mah Sing to MMAG _ he is totally out of line.
Compare Mah sing share price MMAG share price. Mah Sing NTA 1.40 ringgit EPS 5.78 cts Dividend 3.35 cts Share price from 72.5cts to 97 cts ,at the moment share price 92cts below NTA. Total paid out dividend : 3.35cts X2427 millions shares = 84.9 millions ringgits
MMAG NTA 13 cts EPS -2.49 cts Dividend 0 cent Share price from 36 cts to 1.97 ringgit,at the moment 37.5 cts above NTA.
By looking at above,which is pump and dump ? Of cousrse it's not Mah Sing !!!
Mah Sing boss started his plastic company in at the far end of Taman Ehsan, Kepong way early 1990s. He is a very astute businessman. I am sure he will not dive into this business without strategising. If money can solve problems, then it is no longer a problem. Equipment, technology or human resources can be bought. Most important is you have the money.
If so clever, why calvintaneng didn't call NETX's boss and then warn all his followers before they were slaughtered. Be MAN enough to admit your blunder although we acknowledged the good ones you recommended too.
calvintaneng, stay cool this time, no one is angry with your hard work but one thing for sure, a lot of non listed company are also selling glove chemical and glove dipper liners so it is not necessary Mah Sing must buy all the Glove manufacturing items from only Bursa listed firms...
Mah Sing also can buy glove chemicals from Pchem or Lctitan, hextar or even outside the country, don't be upset, Mah Sing is very cash rich and can purchase at higher prices..
Precisely Mahsing is a reputable company that Calvin is horrified that it used the same glove theme trick
Others have used other trick
Inix said they will spent Rm35 millions to start glove factory and a check with Hlt showed just making 8 lines of glove hand dipper will cost from Rm45 mil to Rm48 mil (Not inclusive of factory, glove hand mold & glove chemicals) So Calvin knew inix was a scam (many who chased inix are trapped)
Gpacket jv with Tencent for Digital Bank scam
Pumped up to over Rm1.60 and crashed below 50 sen
MMag
Some VIP bought MMAG at Rm1.60 for Rm200 Millions
That was the decoy to misdirect people that MMAG if got people "BUY" at Rm1.60 must be "ok"
Be responsible. Don’t simply say/post things if you know you hv followers. Remember your past blog/post about a company that starts with the letter “T” whereby you made a connection with a big glove company
Mahsing decision to venture into glove maker industry, is purely committed to their promise based on past proven record in construction + plastic business all these years. Mah Sing yesterday already signed several agreements, including a letter of intent (LoI) with several raw material suppliers for the supply of both nitrile butadiene rubber and latex rubber + machinery for the factory is commited to their decision.
The most important business of all, Mahsing already secured several prospective customers and the cumulative indicative orders have already exceeded the estimated maximum capacity phases of the Kapar factory. That's a good sign of increase demand order backlog for glove.
This glove venture has been the talk for the past 1 - 2 months. Actual production targeted 2Qtr 2021. TG big boss already mentioned its takes a long time to built up glove business { 2 years from ground zero} to get regulatory approval and lines running. Its need expertise and deep pockets. For beginners maybe a start up cost between 80 - 100 million ringgit
So far this is the most respectable company joint the glove counter... the rest of all new players are making loss every quarter.. Mahsing got cash 1b and revenue consistent almost 2b every year.. profit for each quarter are very consistent.. shark very happy when this company announce will do glove also.. easily become BIG 5 later in glove players.. huhuhu...
Haha, 3.68billion pcs if not big deal for them lor. Increase more 30m profit per quarter. Careplus 4.4billion per annum then qr profit around 33m coming
MMAG lured many to chased at Rm1.60 now less than 40 sen
So many other property co also got high Nta but they no go start glove company (they know they cannot compete against 4 glove Taiko and also too late now
So Mahsing is a terror
Those who chased this glove decoy will get shot later
If Mah Sing share price trading at 3.00 ringgit then it's over price but at the moment only 93 cts ,so what is wrong ?? A lot of counters trading above 1 ringgit without paying dividend or making lost !!!
The most underated glove players now.. all big players price are too high already. 2nd liner also too high already... no syok la want goreng.. this counter price got long way to goreng.. more attractive for shark.. huhu
Ya la, can u imagine how many share traded between 0.9 above ma, I don't believe they will cut loss lor haha if those shark rich enough. More earlier u enter more safe
calvintaneng, what's wrong with you today, you are so angry when people are investing with their own money, it is willing buyer and willing seller market...
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....
anthonytkh
1,802 posts
Posted by anthonytkh > 2020-10-16 12:43 | Report Abuse
Calvin, have you ever spoken on the phone (or email) senior management of any companies you invested/traded in? I have. Have you?
My day job is in real estate. 20 years. I hv closed deals for several PLCs after initially approaching them (phone/email). I constantly talk to many PLCs. Have you?
If you are only here to trade, fine. Don’t post here if you hv no idea how any PLCs’ biz ventures moving forward will materialise. Mah Sing’s announcement/venture is pump n dump? Oh please...