Posted by birkincollector > 2020-10-16 21:14 | Report Abuse

wat if vaccine found before april next year will he still proceed with glove? no doubt he is capable but its a bit late to the game.....he aims to invest 150mil to set up...that's wat topglove can earn in a week at the moment....the big players can expand alot faster to cater for the demands...

Posted by scenery > 2020-10-16 21:14 | Report Abuse

How long they can start production, what would happen if after vaccines out, the needs reduced and there are too many glove suppliers. Before covid 19, a lot of small glove company are in the lost.

Posted by mita29 > 2020-10-16 21:19 | Report Abuse

Google "covid-19 vaccine alone won't defeat spread of virus".

Posted by Noobie123 > 2020-10-16 21:23 | Report Abuse

Yes, Vaccine only prevent virus, you still need to cure many others lying in hospitals.

Posted by James Ng > 2020-10-16 21:24 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-10-16-story-h1534677498.jsp
[转贴] [Video:浅谈MAH SING GROUP BHD, MAHSING, 8583] - James的股票投资James Share Investing

Posted by mita29 > 2020-10-16 21:27 | Report Abuse

There is well known issue with vaccination known as antibody dependant enhancement (ADE) that can make covid worse. Also the main reason we never have dengue, Sars vaccine. Search antibody dependant enhancement on wikipedia.

Posted by zhen wei & JP > 2020-10-16 21:30 | Report Abuse

Q2 - 2021 ??

2-3 month can start production if you engage zhenwei. Hahaha

Posted by DepecheM > 2020-10-16 21:33 | Report Abuse

That's why sharks always make a lot of money at the expense of retail investors....u think these 2 days' heavy volume are the work of retailers? No... retailers ask questions and are skeptical... sharks buy while current price will be perceived as utterly undervalued one year later.

Posted by Morpheus61 > 2020-10-16 21:37 | Report Abuse

By the way, I thought it was the same Analysts who said 2Q 2021 the ASP will drop ?

Posted by InvestNotGamble > 2020-10-16 21:44 | Report Abuse

It doesn't matter if vaccine is out, you know it takes at least another 2 years minimum for certain people in the world to be vaccinated, and if you expect the speed of vaccinating process to be faster than covid spread?? with tens of thousand people infected each day in developed countries. Dont you think Tan Sri is smart enough to know whether it is not too late to venture into glove industry?

Meanwhile I wish to emphasize, you dont have to worry too much about the future of the glove industry, and you dont have to even worry if the factory will be out of not, what you need to know is Mah Sing is now labelled under glove maker category, and it is a 2B market cap company with NTA RM1.4. and the share price now is RM0.945, and it is still a profit making company without glove despite covid market, and with net cash RM1.1B, with confirmed address of glove factory, and MOU signed with glove customers, suppliers and machine purchase. and huge interest from the market reflected this morning.

Anyone can tell monday it will surge again, there's no reason for it to drop back below RM0.92 especially strong support shown today above RM0.93 for almost 5 hours continuously. As an investor, i would advice everyone to buy before it reach RM1.1. It's a sure win.

Monday confirm gap up, and maybe limit up just like PRLEXUS. if you look back at PRLEXUS chart, it's very similar with mah sing, once result out, surge from 0.7 to 0.9, then stay above 0.9 for a day, then limit up 2 times until above RM1.4 NTA, then stay firm above RM1.7

I dare not say if it will become like rubberex (althought it should be in few months time), but it will definitely reach above RM1.4 level. Malaysian investors are smart enough to know when there's an exposed undervalued gem on the street. Today never limit up because it's friday, most people need to sell and return money. They won't give you more than Monday to react when everyone enter market with fresh fund again.

Posted by newuser9021 > 2020-10-16 22:11 | Report Abuse

just my views;
look at another counter https://klse.i3investor.com/servlets/stk/chart/7017.jsp Komark which gained from 25c to RM 1 today just because of selling face masks from packaging/labelling business. If another HC counter can gain, why not this counter.
so, buy a little and observe but with the current HC market trend, this counter going to get limit up very soon/asap and reach at least around RM 1.35 before deciding next action course. Why would some large company such as this counter wants to get into fight against other established counters/company? reason = money is flowing there.
Invest small and get some cash in return and come back to actual portfolio (property market) once economy recovers and Covid ends. In the end, it is sure win game. Next 2-3 days, if the investors trust this counter, it will easily limit up. if sudden large volumes pushing up and down, but still hovering at 90c to RM 1, it is a game by large shareholders to scare off the market. lose around 10% in a 2-3 days if goes down to 88cc from RM1, but what if trend goes all the way up? Mind game.. happy weekend guys..

Posted by newuser9021 > 2020-10-16 22:17 | Report Abuse

https://klse.i3investor.com/servlets/ptres/57191.jsp
https://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=MAHSING-C24
this warrant seems to be undervalued compared to other warrants if someone wants to invest small..

Posted by mita29 > 2020-10-16 22:26 | Report Abuse

Some scientists already warned Covid-19 will be with us forever even with vaccine. Don't put too much hope on vaccination alone to completely eradicate Covid-19 and then we get to live life as before the pandemic. Mask & PPE will be as important as vaccination to fight COVID.

Posted by kelvin_ik4u > 2020-10-16 23:06 | Report Abuse

Mahsing have rm1.1bil cash + NTA 1.40 + secure of raw materials and customers demand order lock down on Q221. Experience in construction of factory. All seem good and on track.

Posted by investmalysia > 2020-10-16 23:15 | Report Abuse

Topglove, harta, supermax, kossan took few decades to be in their position today. This sohai company say want become big 5? Lmao

Posted by Goldberg > 2020-10-16 23:33 | Report Abuse

Mah Sing Healthcare will be converting a warehouse in Kapar, Klang, into its first glove manufacturing factory with a built-up of approximately 228,800 square feet, Phase 1 of the factory could house 12 new production lines with a maximum capacity of up to 3.68bn pieces of gloves per annum at a speed of 38,000 pieces of gloves per production line per hour,

MS glove making division will lead by a management team with more than 30 years of experience in the glove industry. Mah Sing intends to gradually expand up to 100 gloves production lines as part of the group’s future expansion plan.

Posted by david0123 > 2020-10-16 23:36 | Report Abuse

Don't know quality good or not

Posted by charchar > 2020-10-16 23:43 | Report Abuse

MahSing couldn’t break 1.00 today cause it’s already limit up at 30% rise. Do you all think it will achieve further next week? If this is only a goreng counter, do you think the banks will recommend BUY option and set high TP?

Posted by Beltland > 2020-10-16 23:56 | Report Abuse

For counter below 1 ringgit, limit up tolerance is 30 cents and 30% going up price for counter above 1 ringgit .

Posted by charchar > 2020-10-16 23:57 | Report Abuse

@Beltland i see, thanks for sharing.

Posted by Dato Seri John Lu > 2020-10-16 23:59 | Report Abuse

Target price minimal at RM5

Posted by DepecheM > 2020-10-17 00:19 | Report Abuse

Ok not to know... just don't get charred.

Posted by John Lu > 2020-10-17 00:35 | Report Abuse

Dont forget, Mahsing yet start glove operation but their order are fully book

Mean, around RM120,000,000 - RM150,000,000 order received

Posted by charchar > 2020-10-17 00:40 | Report Abuse

sigh i miss the boat today, i hope its not too late to enter next Monday

Posted by DreamGuardian > 2020-10-17 02:28 | Report Abuse

Mah Sing set on gloves

https://www.thestar.com.my/business/business-news/2020/10/16/hot-for-gloves

Posted by DreamGuardian > 2020-10-17 02:30 | Report Abuse

Mah Sing to spend RM150 mil on glove making

https://www.freemalaysiatoday.com/category/highlight/2020/10/16/mah-sing-to-spend-rm150mil-on-glove-making/

Posted by cariyoyo > 2020-10-17 09:22 | Report Abuse

Congratulations to everyone who had invested into Mah Sing. The rise of Mah Sing in share price i is not sudden but has been expected several months ago. Mah Sing's property developments have always been popular among Malaysians as they are affordable if compared to the rest especially in KL. Mah Sing's sales of property have been strong and the bookings have always been high, even until recently. However, the challenge is to convert those bookings into S&P sales. I am not sure of its percentage of success but was informed that it is around 80-85%, which is considered commendable.

Mah Sing's foray into rubber gloves(surgical) has been in the news for some time. Some commentators in this forum said it was a hoax to "goreng" the price up. Now that it has been officially announced, they say the capital layout would break Mah Sing's back or it could be gobbled up by other glove players. Well, my advise is please maintain decorum and manner when commenting. Argue with basis and facts, and not emotions and hate. For those who have missed the boat, please try to invest on a long-term basis.

Mah Sing's has the connections into this rubber glove business and the connections are reliable with strong business acumens and financially strong.

Posted by Jonathan Keung > 2020-10-17 09:27 | Report Abuse

Wow ! Gloves production requires deep pockets. MAH Sing budgeted 100 -150 million for their initial factory outlay

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

Property + plastic already generate super profits.... when gloves start contributing, it can be 100m PAT quarterly.... but wonder why share price below 1.00.... truly and massively undervalued....Greatec for example is 7.xx but quarterly profits are not as spectacular.

Posted by Goldberg > 2020-10-17 11:00 | Report Abuse

TS Leong sees bright prospects in GLOVES for many years to come.
-------------------------------------------
Tan Sri Leong emphasises that the quality and deliverability of a product plays an important role in attaining success, as quality is delivering a project that will at least meet and preferably exceed the client’s expectations through actions and deliverabi­lity that create a really excellent product.

“Developing an effective team in your organisation is also important, as dedicated people will motivate one another to achieve the goals together.”

“Dare to dream and pursue your dream. You need to have a passion for business and success. I believe passion is what drives you and keeps you going, despite the difficulties that your business will inevitably face.”

TS Leong is dreaming big in Gloves and aim to be the TOP 5 glove manufacturer in Malaysia. with a targeted annual production of 30 billion.

Posted by JohanPertama > 2020-10-17 11:02 | Report Abuse

correction coming soon. Better sell first to cut loss then buy back after correction as it will rise again

Posted by maf1964 > 2020-10-17 11:23 | Report Abuse

HLG give tgt of 85sen which is below current price while other from 1.05 t0 1,50
first time i see a chinese company (Hong Leong) whack another chinese company ( mah sing )

I thot this attcacking their own race was the monopoly of a particular race in malaysia. ( not the malays , Kadazans or Ibans ). now it looks like the chinks hv caught this disease

Posted by maf1964 > 2020-10-17 11:25 | Report Abuse

where is paktua72 @ tut tut man. i never see his name nowadays.He kena covid19?.
if yes, let me know so that i can visit him

Posted by Rogerwinn > 2020-10-17 11:25 | Report Abuse

WHO Warns of COVID-19 Spikes in Europe, Americas

https://www.voanews.com/covid-19-pandemic/who-warns-covid-19-spikes-europe-americas

Posted by Noobie123 > 2020-10-17 12:08 | Report Abuse

As long as we make money in the next few days, weeks or months, who cares if Mah Sing Gloves still around in 3 years time? Be realistic. No one is going to hold shares for 3 years come rain or shine. We are all here to invest and make profits.

Posted by Arsenewenger8383 > 2020-10-17 12:13 | Report Abuse

Monday morning will gap up, before little pullback and sky rocket again.. the way operator support the price at above 93c.. they wont settle for low TP..

Posted by HappyStar > 2020-10-17 12:18 | Report Abuse

https://www.thesundaily.my/business/mah-sing-ventures-into-glove-making-sees-new-business-as-key-future-growth-driver-YF4632551

Looks like top Glove boss is jittery with MS coming in a big way. Good. Top Glove has been enjoying big business for far too long. MS Glove is here to stay - not 3 to 5 years but for good. Top Glove was around long before pandemic.

Next week TP: RM1.50. BUY NOW!!

Posted by Ravi Kumar > 2020-10-17 12:21 | Report Abuse

Company's revenue has been on the downtrend for the last couple of years. Don't know if this is a good sign or not. No experience at all suddenly can make money? LOL I buy pop corn and watch. No production lines at all. LOL

Looks like top Glove boss is jittery with MS coming in a big way. Good. Top Glove has been enjoying big business for far too long. MS Glove is here to stay - not 3 to 5 years but for good. Top Glove was around long before pandemic.

Next week TP: RM1.50. BUY NOW!!

Posted by Ravi Kumar > 2020-10-17 12:23 | Report Abuse

The good sign is gloves are here to stay!!!!

Posted by Boringguy > 2020-10-17 12:35 | Report Abuse

please refer to last announcement

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."

Factory already ready they just need refurbishment, this for mahsing sap sap sui !!
they can allocate they resource to touch up the factory...

Raw material: they can leverage they plastic contractor and connection to get supply..

Machine or Raw Material:

As at 28 September 2020, being the latestpracticable date prior to the date of this announcement (“LPD”),the Group has engaged with several suppliers / distributors and is in the midst of identifying other suppliers / distributorsfor the supply of raw materials required for the production of gloves and to market and sell gloves.Theraw materials are expected to be sourced locallyand/or overseas.

so their estimate Q2 2021 start production is able to achieve.
they act very fast and serious venture into Glove segment. compare to other player they just planning, need built factory, source raw material....

Posted by HappyStar > 2020-10-17 12:54 | Report Abuse

Company's revenue has been on the downtrend for the last couple of years. Don't know if this is a good sign or not. No experience at all suddenly can make money? LOL I buy pop corn and watch. No production lines at all. LOL

This goes to show some people do not know Mah Sing boss. He is famous for being very fast turn around in his property launches. When he decides on something he moves at lightning speed.

Posted by Hengoredi > 2020-10-17 13:05 | Report Abuse

Everyrhing is positive on this counter. Going to accumulate more shares next week, who knows, bonus issue coming after this.

Posted by stkoay > 2020-10-17 13:10 | Report Abuse

Posted by calvintaneng > Oct 8, 2020 9:25 AM | Report Abuse

No

Better sell Mahsing

It's meridian/medini in Johor hit by lawsuit

Quickly sell first

Go buy Naim for 18 sen (Rm180) dividend soon.


--------------------------------------------------------------------

calvintaneng made sell call on 8-10-20 when it was trading in the range of 63.5 sen to 66.5 sen

LOL...........

Posted by alfred > 2020-10-17 13:23 | Report Abuse

Mah Sing Group Bhd will be spending up to RM150 million in capital expenditure (capex) for the first phase of its proposed rubber glove venture, which will be funded via internal funds, bank borrowings and sukuk issuance.Further to its announcement yesterday regarding the diversification of its business, Mah Sing said the capex entails the purchase of 12 new glove production lines and other plant and machinery such as boilers, chillers, compressors and wastewater treatment plant as well as the refurbishment work of a warehouse in Klang.

Posted by alfred > 2020-10-17 13:23 | Report Abuse

The group had entered into a tenancy agreement with landlord Minho Kilning (Klang) Sdn Bhd to occupy part of a piece of land in the Ladang Sungai Puloh Industrial Area on Jalan Kapar in Klang, Selangor, where it will set up, install and commission its glove-making asset.

Posted by InvestNotGamble > 2020-10-17 13:28 | Report Abuse

Actually we dont have to worry about experience in glove making or etc, nowadays money talks, it is very easy for Mah Sing to simply offer 50k-100k per month salary to korek operation manager from any of the glove making companies. Seriously do you think they never thought of this before they sign everything and make this a huge announcement? They might have been planning about this since April after covid crisis. and you will realize huge accumulation of shares since july.

What we need to worry is about cash flow, facility, land, supply, customer, connection, background. Apparently Mah Sing has them all signed black and white on paper and show to public. Normally, if goreng stock, before good news out, the share price surge following rumors, after good news out, share price drop, example kanger, bintai, pasukhas etc.

Genuine company like Mah Sing, PR Lexus, after good news or quarter out, share price surge. Dont listen to those people with bad intention wanting you to sell on monday so they can accumulate. Strong support at 0.92-93 level for whole day trading on friday. and last minute surge up to 0.945 despite huge selling pressure. This shows all the funds in the market is flowing into Mah Sing, and by observing the trading volume and value on friday, the operator need to spend huge amount of money just to support the stock price at 0.93 above level. Only stupid operator will dump share on Monday and throw money into sea.

It is obvious on friday a lot of big funds jumping into Mah Sing, superb buying support and if you realize. 600m shares traded at price 0.92 above and with positive buying %. If operator stop pressing the price on friday it already limit up since 10:30am. What this story tells you? The only way for the share price is to go up on monday. No way for it to go below RM0.92, if it does, huge buying support will appear again just like Friday, as those people that miss out the boat is hungry and waiting for the correction. But operator is not stupid, they won't give those people chance to accumulate during correction at price below RM0.92 support, instead, it will push it to limit up Monday and force all investors to have no choice but to chase even higher.

Buy on rumors sell on news does not work on genuine company and news like mah sing glove venture, with all the news paper and IB coverage, they are being serious this time. and remember, NTA is RM1.4! AND NOW IS ONLY RM0.945?? Forget about the future, as long as we buy on monday and the price goes up after Monday morning. That's all that matters, and it confirm will surge again on Monday.

Posted by Hengoredi > 2020-10-17 13:33 | Report Abuse

InvestNotGamble-my sentiment exactly

Posted by Perfectinvestor > 2020-10-17 13:43 | Report Abuse

I agreed with InvestNotGamble.

Posted by InvestNotGamble > 2020-10-17 13:43 | Report Abuse

Common sense, thursday mah sing announce venture into glove industry, share price surge 30%, but a lot of skeptical investor still worrying about fake news, etc. Then friday another announcement out stating exact location of the factory, production preparation, capex usage etc, As a result? Congratulation to those that bought on friday, and those that rush into the market first second on Monday, confirm gap up!

Nowadays malaysia market lack of good shares to trade, everyone is being cautious, and healthcare stocks are mostly overvalued. No one dare to invest in those counters that already reach all time high. All the big funds and retailers in the market are hungry for good counter with good healthcare theme to invest in, that's why limit up happen almost 3 times a week on undervalued stock with good news relating to healthcare because all the money in the market rush into same counter. All the funds have no choice but to focus on specific good shares.

To all smart investor, don't care about the future, don't care about all the negative feedback. Believe in the main market trend and believe in the continuous strong support at RM0.93 from 10:30am-4:40pm on friday. Believe in NTA RM1.4 and believe that Tan Sri will take care of his reputation and won't let the share price drop a day after surging as he will be very embarassed if it does.

Posted by Foker > 2020-10-17 13:50 | Report Abuse

The capacity is fully booked. Earnings visibility is there.