Who took profit can always come back mah, but at higher price. Yup support at higher prices. MS is the Stock to HOLD and you will be rewarded. Believe in Tan Sri Leong. He Will DELIVER.
"We expect the revenue contribution to come in as early in Q2 2021. This will provide more recurring income to the group." Chief executive officer Datuk Ho Hon Sang
Why calvin so scared? How to lay eggs? Volume is 3.5 million+ and price is still so low- not like those RM140 per share stocks of the mid 1990s crash. Sell some at RM1.50, keep some till RM2.
Posted by Beltland > Oct 19, 2020 3:56 PM | Report Abuse X
Mah Sing all weather cheapest stock ; Covid 19 Glove manufacture,post Covid 19 hotel business and property development , NTA 1.40 ringgit,cash in hand 1.1billion .share price 1.16 ringgit .Apa lagi mahu ? Buy faster before the price spike .Buy a lot and hold ......
Apa lagi mahu ? Apa lagi mahu ? Apa lagi mahu ? All weather cheapest stock ---- MahSing! When Covid 19 over , how much Top Glove worth ? How much Comfort worth ? How much Supermax worth ?How much HLT worth ? MahSing immune to weather change !! Buy ! Buy ! Buy !
be very careful for those that want to chase...already reached most of the IB's target price for 1 year ahead....now definitely in speculative zone and be very quick in your trades as can reverse quickly.
remember, the plant has not been set up and not even a single piece of glove sold, yet the stock price is already pricing in margin contribution?
no doubt they can complete the plant by q2 next year (take note, it is next year), but : 1) they are not producing 3.7B gloves by then, their announcement is just their probable maximum capacity at the site. 2) most likely run at most 3 lines by then, slowly ramping up to 12 in 2-3 years time. 3) realistically, not likely to be profitable at all for their production in q3 and q4 2021. It takes time to fine tune; remember this is a brand new totally unrelated setup 4) don't expect very high margins, their efficiency target is so so at best. 38k pieces per line per hour vs hartalega's 65k, big gap to catch up. The other big boy all at the higher end of 50k. 5) another question is how are they going to find enough labour? Margma already stated quite short handed now, can mah sing employ enough line workers? Their 38k/line/hour doesn't suggest very high levels of automation.
Declining revenue and profit Y-O-Y from their existing business since 2016.
Gloves not in production yet.
If vaccine gets approve (can be anytime before MS starts producing gloves). Hailat. Sentiment for gloves sure reduce
If they do manage to start producing and covid is not over yet, dont be so happy yet. Their sales from the property segment might pull down their profit from the sales of glove production.
Tan Sri did mention that he will do a separate listing for the glove segment. Yes, this sounds better, but what you are buying into now is the whole Mah Sing
But I must admit la I regret not buying last week, saw the news, looks good, price not yet shoot up but I did not click the buy button ,damn.
come on, share price reflecting the future prospect, not the past not the current. Come tell me why last time GLOVES FLY when pandemic is just started? We can count the forward PE everythg rite. GORENG TETAP GORENG, dont be sour grape for losing out.
IF they dont have enough engineers I can help mah ahhaha, My background is Chem E. Change my current work to help Mahsing! I will make sure the workers are treated and guai guai produce gloves everyday. 100% efficiency. LMAO....
This stock when released the news on Thursday afternoon was shouting "buy me"...so if u missed the earlier train...u should blame nobody but yourselves for procrastinating.
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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....
Josh72
102 posts
Posted by Josh72 > 2020-10-19 16:42 | Report Abuse
1.24 limit up...? adoi