Posted by imvu > 2020-10-16 17:17 | Report Abuse

harap malam ni us market satu candle hijau marubozu panjang, isnin mahsing gap up, dan semua kaunter covid gap up juga :)

Posted by DLLM99_kyy > 2020-10-16 17:18 | Report Abuse

PETALING JAYA: Mah Sing Group Bhd, a property developer, has its eyes set on becoming a rubber glove manufacturer with a production of 30 billion gloves per year.

At a signing ceremony yesterday, it announced plans to diversify into glove manufacturing and other related healthcare products via subsidiary Mah Sing Healthcare Sdn Bhd to take advantage of the boom in glove demand caused by the coronavirus (Covid-19) pandemic.


“In view of the promising global prospect and vibrant glove business, we are committed to being a long-term player and delivering greater value to our shareholders, as well as striving to be one of the prominent glove manufacturers in the industry, moving forward.

All systems go: (From left) Malaysian Investment Development Authority chairman Datuk Abdul Majid Ahmad Khan presenting Miti’s interim approval for the manufacturing licence for surgical, examination and other gloves to Mah Sing’s founder and group MD Tan Sri Leong Hoy Kum and Mah Sing’s group strategy and operations director Lionel Leong yesterday.All systems go: (From left) Malaysian Investment Development Authority chairman Datuk Abdul Majid Ahmad Khan presenting Miti’s interim approval for the manufacturing licence for surgical, examination and other gloves to Mah Sing’s founder and group MD Tan Sri Leong Hoy Kum and Mah Sing’s group strategy and operations director Lionel Leong yesterday.

“We are also planning to venture into other healthcare and medical device-related ventures and explore the possibility of listing our manufacturing division separately from the group to further unlock its value in the future, ” said Mah Sing founder and group managing director Tan Sri Leong Hoy Kum.




For a start, CEO Datuk Ho Hon Sang explained that Mah Sing has allocated about RM150mil to set up the first phase of its glove-manufacturing factory in Klang that will have a production capacity of 3.68 billion gloves per year.

The factory is expected to start its operations in the second quarter of next year. Phase one of its expansion into glove manufacturing would see the production of 3.68 billion gloves at 12 production lines.

“The phase two expansion is targeted to happen when demand outstrips supply for phase one, ” he told reporters, adding that phase two would see another 3.68 billion pieces of gloves per annum being added to its capacity.

CLICK TO ENLARGECLICK TO ENLARGE

Mah Sing signed several agreements yesterday, including a letter of intent (LoI) with several raw material suppliers for the supply of both nitrile butadiene rubber and latex rubber, as well as machinery for the factory.

The group said it had also secured LoIs from several prospective customers and the cumulative indicative orders have already exceeded the estimated maximum capacity for both phases of the Kapar factory.

“As a new player, the group is in a good position to take advantage of the spot price of gloves, which is about US$80-US$160 per 1,000 pieces, ” Ho said.

Mah Sing expects the glove-manufacturing business to be able to generate a revenue for the group relatively quickly, with the projected contribution estimated to come in as early as the second quarter of 2021.

This came in light of the softening property market led by the Covid-19 fallout.

“The group anticipates that the proposed diversification can help mitigate the potential downside risk to the group arising from wide-ranging effects of the Covid-19 pandemic on the local and global economies, ” Mah Sing said.

The Covid-19 pandemic has seen a surge in demand for rubber gloves that sent the share prices of local glove manufacturers skyrocketing. Malaysia’s glove export has increased nearly 20% to 230 billion pieces currently, up from 192 billion pieces in 2019 amid the heightened global demand for medical gloves among medical professionals due to the prolonged pandemic.

The global demand for gloves is expected to reach 330 billion pieces this year, an increase of 11.49% from 2019’s 296 billion pieces of gloves, giving Malaysia a 67% market share.

Top Glove Corp Bhd and Hartalega Holdings Bhd are among the top-five largest companies on Bursa Malaysia based on market capitalisation.

“Based on our 40 years of being in the plastic product manufacturing business, we feel that we can enter it (glove manufacturing). Our turnaround period is also very fast, ” Leong said.

He said the group was mulling spinning off its glove-manufacturing division into a separate listed entity in the future.

Meanwhile, Ho said the company had already applied for the necessary certification for its gloves, including from the United States Food and Drug Administration.

He believes the shortage of gloves will persist for a long time, even if a vaccine for the virus becomes available.

Mah Sing will seek the approval from its shareholders for the new business venture at its forthcoming extraordinary general meeting as the contribution from the business diversification is expected to be 25% or more of ….

Posted by DepecheM > 2020-10-16 17:19 | Report Abuse

This deserves to perform better than Prlexus...1.50 minimum... many sharks yet to accumulate enough

Posted by DLLM99_kyy > 2020-10-16 17:20 | Report Abuse

No Jokes.
A serious News .
Cheers all Mah Sing Investors.

Let Mah Sing Achieve RM2 , let all the sours critics people red eyes.. !

Net profit 10-20 million every QR also worth RM2 already .. Now business diversification and Medical healthcare expansion.. Sure fly .

Posted by oskchoon > 2020-10-16 17:21 | Report Abuse

Mah Sing will gradually going up until its gloves production starts at 2nd quarter 2021, Carepls starts year low 0.13 until year high 5.83, Comfort starts at 0.605 until it reaches 7.26....

Posted by oskchoon > 2020-10-16 17:24 | Report Abuse

Mah Sing share prices will also can go more than 1000 % like Careplus and Comfort if the gloves production running smoothly as planned in the days to come....

Posted by Morpheus61 > 2020-10-16 17:25 | Report Abuse

RealEstateMogul, rightly said. You guys in this share have just been scammed

Posted by oskchoon > 2020-10-16 17:26 | Report Abuse

With so much retailers and research houses have confidence in Mah Sing management team, I am sure they will do their best and reward all the shareholders...

Posted by NoNonsenseHere > 2020-10-16 17:40 |

Post removed.Why?

Posted by anthonytkh > 2020-10-16 17:55 | Report Abuse

And when did all established glove companies started having super EPS numbers?

Posted by NoNonsenseHere > 2020-10-16 17:57 |

Post removed.Why?

Posted by Noobie123 > 2020-10-16 18:02 | Report Abuse

Think you guys forgot we are investing in the overall Mah Sing Group and not Mah Sing Rubber Glove company.

Posted by XxxxXzz > 2020-10-16 18:08 | Report Abuse

Address also have lor, still scare apa
Ini kali lah
MAH SING GROUP BERHAD

Type Announcement
Subject OTHERS
Description MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")

PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF MAH SING TO INCLUDE MANUFACTURING AND TRADING OF GLOVES AND RELATED HEALTHCARE PRODUCTS ("GLOVES BUSINESS") ("PROPOSED DIVERSIFICATION")
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 15 October 2020 in relation to the Proposed Diversification)



Further to our announcement on 15 October 2020, on behalf of Mah Sing, HLIB wishes to provide additional information in connection to the Proposed Diversification. The capital expenditure for the first phase of the Gloves Business is estimated to be no more than RM150.0 million. This capital expenditure includes, amongst others, the purchase of the 12 new gloves production lines and other plant and machinery such as boilers, chillers, compressors and waste water treatment plant as well as the refurbishment work of the warehouse located on Lot 6478, Jalan Kapar Batu 6, Kawasan Perindustrian Ladang Sungai Puloh, 42100 Klang, Selangor.



The Group intends to fund the capital expenditure through internally generated funds, bank borrowings and the proposed issuance of up to RM100.0 million nominal value of 7-year redeemable convertible sukuk Murabahah announced on 24 September 2020.



This announcement is dated 16 October 2020

Posted by NoNonsenseHere > 2020-10-16 18:10 |

Post removed.Why?

Posted by XxxxXzz > 2020-10-16 18:15 | Report Abuse

No ome compared to supermax lol?
Supermax 25b market cap
Mah sing only 2b lol
As long as this expansion can increase eps then they deserve it

Posted by Beltland > 2020-10-16 18:18 | Report Abuse

NoNonsenseHere
8 posts
Posted by NoNonsenseHere > Oct 16, 2020 6:10 PM | Report Abuse

@XxxxXzz
Again, allow me to repeat myself, before your Mahsing factories start running, Supermax would have doubled their productions lines and customer base, leaving Mahsing with peanuts



Ans:Your mind set is square ? KLSE meant for all listed company to trade share price, there is no rule saying Supermax share price goes up and at the same time Mah Sing share price cannot goes up ,it's up to Mr. market force to determine the direction .

Posted by NoNonsenseHere > 2020-10-16 18:19 |

Post removed.Why?

Posted by XxxxXzz > 2020-10-16 18:20 | Report Abuse

No need promote supermax here when u noticed major fund moving to this stock. Just be patient at ur supermax. Market fund float here there. Won't forever here also

Posted by NoNonsenseHere > 2020-10-16 18:21 | Report Abuse

@Beltland
I speak from a logical standpoint because the numbers never lie and it never fails.

Posted by Beltland > 2020-10-16 18:35 | Report Abuse

You are very miserable ,there are thousand of counters in KLSE,everybody got the right to chose his preferred counter, it's his money and he made decision for himself.If he thought Mah Sing is a good counter or bad counter , he bear the risk but not you !!!Why you bother Mah Sing share price up or down on behalf of others ?

Posted by anthonytkh > 2020-10-16 18:35 | Report Abuse

Look, every entrepreneur starts from somewhere. The business pie for many industries is big, not just locally here but around the world

You can either listen to investor/traders (with definite selfish ulterior motives) or you listen to those that have done their studies prior to starting a new biz/diversification

This calvintan better keep quiet. Why is he now here saying negative things vis-a-vis an experienced Tan Sri? Simple. He is trying to switch attention to comparable stocks he holds

If anyone here invested in PRLEXUS, you will understand. Visit that thread a few days back. There is apparently some “famous” guy that others here follow over there. One day, that guy promote PRLEXUS, next day after he sold he laughed at those invested in PRLEXUS. I posted some no-holds-barred comment there. I haven’t seen any comment fr that guy in this forum since

Just do your research. Research houses’ report, imo, are better trusted than traders with a “following”

Posted by NoNonsenseHere > 2020-10-16 18:36 | Report Abuse

@Beltland
Well I'm simply speaking the truth from the numbers. No need to call me miserable

Posted by Boringguy > 2020-10-16 18:41 | Report Abuse

@NoNonsenseHere, Yes, Supermax earning will break new record!! but you are forget one thing global demand is increasing and Supermax production cannot fulfill it, this is why Topglove, kossan, Comfort, Harta, careplus share price shooting high.... deliver time from 30 to 60 now up to 450 days... now mahsing venture into glove segment with their reputation and financial status they are in good position... that why they aims become top5 in malaysia market..

don't forget without glove segment, mahsing have plastic segment and property segment.
now they diversify to glove segment which is good news because nobody can answer when the covid-19 will end and demand of the glove when will slow down like pre covid times...
now they move to glove segment from company perspective it to ensure coming year there will be another segment to contribute earn profit.

Personally i think below 1 worth to collect and hold for it... give them 6 months time will know the progress.

Happy Weekend!!

Posted by XxxxXzz > 2020-10-16 18:44 | Report Abuse

Haha, if u only believe the figure I am glad that u losing money from supermax. When other see future before supermax announce qr 400m, on that moments u haven't see the figure so u yet buy, after u see the figures 400m profit wah then just buy at rm24 plus. That how the result when u buy with the exact figure come out. So u blaming here because u hate the market major fund move in here.?

Posted by NoNonsenseHere > 2020-10-16 18:45 |

Post removed.Why?

Posted by NoNonsenseHere > 2020-10-16 18:46 |

Post removed.Why?

Posted by Beltland > 2020-10-16 18:46 | Report Abuse

Moreover you misinterpreted the PL for the last Q result,the profit is 15.1 million but end eps result lost is 0.5 sen which is half cent not 50 cents .Please read the full financial report why there is a eps lost of half cent.

Posted by XxxxXzz > 2020-10-16 18:49 | Report Abuse

U saying u only buy the share when u see the exact figure ma. What's wrong leh, when u see the 400m profit that moment with rm24. If u buy below 24 mean u buy before u see the figure. Then what's the difference we are doing now?u funny leh

Posted by NoNonsenseHere > 2020-10-16 18:49 | Report Abuse

@Beltland
Yes I meant to say 0.5 cents that was a typo.
A loss is a loss. A dying tree will not continue to produce fruits. Like I said, When will Mah Sing factories start running? After the pandemic? By then, Mah Sing will have zero customer base.

Posted by NoNonsenseHere > 2020-10-16 18:50 | Report Abuse

@XxxxXzz
I didn't say I will buy shares the day after the QR is released?

Posted by InvestNotGamble > 2020-10-16 19:32 | Report Abuse

Guys calm down, there's always reason to buy share. I believe Mah Sing is undervalue now regardless of glove or not, the NTA is 1.4 and the share price now is below RM1. The reason for the share price is down because mah sing used to be under property segment. and investors lost interest in property. now that mah sing jump into health care segment, a lot of investors will treat mah sing differently as it is now under healthcare radar no matter when the glove will be produced. it's same story like bintai or kanger, why when dpharma price goes up, bintai goes up too? has bintai produced any vaccine?

As long as most investor see mah sing as a glove counter moving forward, with positive cashflow and confirmed factory address and MOU in progress, everytime glove counter move up, mah sing will move up more, because it's cheaper and still under NTA. Simple theory, why everyone buying mah sing? because it is under value, and one of the under value criteria is below NTA. Would u invest in a glove stock like supermax that already near previous peak? or will you invest in mah sing today that just closed price above previous peak of RM0.91? Huge support at RM0.92-0.93

Obvious break out mahsing, only stupid will sell mah sing today, monday sure gap up. Will it goes until 7 like rubberex with same proposed capacity? I'm not sure. But will it surpass it's NTA RM1.4 just like PRLEXUS? Confirm will.

Posted by Beltland > 2020-10-16 19:33 | Report Abuse

To your opinion Mah Sing is a hopeless counter : dying tree,zero customer base etc ,then why stay here ? go away and stay with your preferred counter. Don't disturb here,in fact, nobody force you to come here.

Posted by DepecheM > 2020-10-16 19:41 | Report Abuse

Don't procrastinate.... looking at the huge volume... sharks are not procrastinating....by the time Mahsing reports their first QR with gloves earnings included... sharks will be taking profit...by then...Mahsing could be around 4.00 or 5.00....now only 0.945.

Posted by oskchoon > 2020-10-16 19:44 | Report Abuse

InvestNotGamble, I appreciate your information reading Mah Sing which is a new kid in the Glove Industries...

Posted by mita29 > 2020-10-16 19:44 | Report Abuse

Mah Sing has signed letters of intent with several prospective customers and cumulative indicative orders of 9.41 billion pieces, which is more than its planned annual capacity. Busy year for mahsing glove in 2021. As per article, production will start in Q2 2021.

Posted by oskchoon > 2020-10-16 19:47 | Report Abuse

Beltland, you are right, since Mah Sing have provided confirm tenanted factory address, anyone have negative views should go to the site and monitor the progress make for the set up of the Glove manufacturing business...

Posted by oskchoon > 2020-10-16 19:49 | Report Abuse

Don't judge the book by the cover, just go to factory site and find out the truth instead of attacking and spreading bad image on Mah Sing management..

Posted by oskchoon > 2020-10-16 19:51 | Report Abuse

Pls be informed the tenanted factory starts from 1st November 2020, don't go to the site before this date....

Posted by Arsenewenger8383 > 2020-10-16 20:09 | Report Abuse

Huhu.. topup more at pullback today.. monday sure gap up.. operator in this counter really awesome.. i think this operator is from glove sectors, swith side from Big 4 and 2nd liner to a new comer for glove sector with undevalue price.. Mahsing price are too low to ignore for glove players.. huhu

Posted by mita29 > 2020-10-16 20:22 | Report Abuse

Mahsing also mentioned that they have plan to expand the existing 12 lines to 100 lines should glove demand remains huuuuge (340 billion in 2020). If you are scared that mahsing poses a serious threat to the giants in the future. You know what to do when it's still cheap. Hehe

Posted by InvestNotGamble > 2020-10-16 20:29 | Report Abuse

There's a lot counter under value nowadays, including maybank, genting, sunway etc, but why no ppl invest in those counter? because wrong theme, now is healthcare era, everyone treating healthcare as safe counter. And same undervalued NTA RM1.4 mah sing just switched from property to joining healthcare segment. with net cash RM1.1 B on hand, and still profit making, and confirmed glove factory in progress and getting ready in 6 months time. Mah sing own lands, have their own builder, and know all the suppliers sincec they have been plastic maker for 40 years.

And dont forget, they intend to list their glove making company separately in future to further unlock value. This will bring huge huge value to mah sing mother company.

Anyone please tell me is it possible this counter worth less than NTA rm1.4? Next monday confirm reach above RM1.1 as minimum TP by bankers.

Posted by oskchoon > 2020-10-16 20:49 | Report Abuse

mita29, thank you for sharing this unique way of Mah Sing appetite of expanding the phase 1 of only 12 production lines to even 100 production lines if they can big orders like Top Gloves, Hartalega or Supermax...

Posted by bluetear83 > 2020-10-16 20:50 | Report Abuse

extra profit range between 24 million ~ 120 million will contribute from glove?

Posted by oskchoon > 2020-10-16 20:51 | Report Abuse

Mah Sing is really serious into Glove business and willing to go all the way to be at par with Top Glove or Hartalega, it is indeed a very ambitious plan...

Posted by birkincollector > 2020-10-16 20:53 | Report Abuse

lets be honest....at this moment...its just goreng, nothing has been proven

Posted by oskchoon > 2020-10-16 20:54 | Report Abuse

Remember before Covid-19 in March, Top Glove was only RM 1.45 until it reaches RM 27.00,then split into three for bonus issue, nothing will be surprise if Mah Sing is ambitious with determination, it can be done...

Posted by mf > 2020-10-16 21:00 | Report Abuse

Further to our announcement on 15 October 2020, on behalf of Mah Sing, HLIB wishes to provide additional information in connection to the Proposed Diversification. The capital expenditure for the first phase of the Gloves Business is estimated to be no more than RM150.0 million. This capital expenditure includes, amongst others, the purchase of the 12 new gloves production lines and other plant and machinery such as boilers, chillers, compressors and waste water treatment plant as well as the refurbishment work of the warehouse located on Lot 6478, Jalan Kapar Batu 6, Kawasan Perindustrian Ladang Sungai Puloh, 42100 Klang, Selangor.



The Group intends to fund the capital expenditure through internally generated funds, bank borrowings and the proposed issuance of up to RM100.0 million nominal value of 7-year redeemable convertible sukuk Murabahah announced on 24 September 2020.



This announcement is dated 16 October 2020.

Posted by Morpheus61 > 2020-10-16 21:06 | Report Abuse

At the very least, start building the factory. Then talk

Posted by Goldberg > 2020-10-16 21:09 | Report Abuse

MS used to be a plastics manufacturer in days gone by before venturing into property development in which it excelled in a big way. MS is helmed by a respectable businessman ie Tan Sri Leong whose business acumen is impeccable. I'm sure he will transform MS in to a formidable GLOVE player in future.

This is certainly not a fly by night empty company out to con the investing public.

I believe exciting times are in store for MS investors.

Savvy investors and institutional funds will definitely accumulate this stock at its early stage of ascent.

Posted by Arsenewenger8383 > 2020-10-16 21:13 | Report Abuse

Buy now.. so dont regret 6 months later like gloves big 4.. hehehe..