To who keep said mahsing scammer, fake new or just for goreng...
you can read the announcement between MahSing and Luster how different this two company deliver the message venture into glove business.
MahSing make announcement when all the things on table such as:
1. land & factory done 2. in progress supplier for machine...etc 3. fund prepare in advance for diversify into the glove business 4. Company vision. 5. Time frame & pre book ordered
Luster: 1. Joint venture with another company. 2. still identity and negotiation with landlord and factory. 3. Fund via private placement 4. everything still at initial stage but still provide timeline. 5. further announcement to make on the landlord.
which can provide better confident level? you decide yourself.
Mah Sing said its new venture — whose first six glove production lines are expected to be ready by the second quarter of 2021 — will also provide the group access to the global market, thus reducing over-reliance on the domestic market for its property business, which is cyclical in nature.
It added the diversification also will take advantage of favourable long-term prospects of the glove industry as well as the additional demand amid the Covid-19 pandemic.
For now, the glove manufacturing venture is expected to comprise two phases, resulting in its indirect wholly-owned subsidiary Mah Sing Healthcare Sdn Bhd having 24 glove production lines with a total annual capacity of about 7.36 billion pieces of gloves.
About RM150 million in capital expenditure (capex) will be spent for the first phase of its proposed rubber glove venture, which will be funded via internal funds, bank borrowings and sukuk issuance.
If the top4 in red tomorrow, u think mah sing will still be this bullish? Think again if if. This is just a pure goreng news. By the time factory is running will be after q2 21. For sure tis hot cake will last for short period.
HAIYA u say d the show will end very soon, but why not riding on the rocket and profit kaw kaw 1st instead of missing out and become sour grape? I know u cutloss when kena shark cuci keluar and limit up somemore u cant able to buy in just now. Alamakkkk
Hootbear Bodo kepala lu. We shall see la. The show will end very soon. 19/10/2020 10:11 PM
Saw the queue at 1.24 at closing bell? Tomorrow will gap up few sens... whether will pull back wait and see... one thing for sure... holders will see their profits swell more... enjoy the bull run while it lasts.
Relax bro... Tomorrow sure green... what news is better than this... Muafakat and Umno postpone meeting, glove counters complete their correction last week (many here not genuine glove players so don't act smart), covid cases another history high today... Rumour of emco brewing... Mahsing 40yrs experience in plastic industry and contribute 25% to the group you tot that's a rumour??? And best thing is, some people don't know the difference between plastic and rubber, so let's just lump all as rubber... So what else u need to make tomorrow green? But sure don't hit it to limit-up again, green is good enough
tmrw gap up to 1.40, it's NTA then close at around 1.50-1.55, just slightly below limit up price of 1.61....so wednesday continue to rocket again......wow, what a great run!!
if you have made profits here earlier then sure still can hoot, why not?? use all the profits made here plus a certain percentage of your capital and hoot it kaw kaw tmrw
up up and away Mahsing, Glove will put you high above all the property juggernaut!!!....today show will trigger and invite more property investor into Mahsing Counter tomorrow for another huge GAP UP!!!! woooohoooooo
Actually...anything retail investors throw will be well absorbed by sharks...but RSI is also suggesting overbought and may need cooling soon.... IBs may also want to pull their call warrants back to lower levels... means mother has to be pulled back...so newbies.. for safer play ...dun be greedy and punt on call warrants. .. best don't even touch call warrants..
Few tricks today.. operator will not let the price drop until they reach their TP.. they wont let their hardwork of limit up to closed red today.. they will play FOMO when ppl expect to buy cheap at correction today.. most likely the 1st corection is on Friday.. when TP at 1.70.. let c..
Investors should not buy it because it will take more than 2 years to start producing gloves and another one year to show profit, assuming its profit from the sale of gloves can cover the losses from its property business.
Covid 19 pandemic is affecting everyone’s movement and all businesses with the exception of medical gloves and medical products for the prevention of the virus.
Usually Investment Banks including MIDF have invested in so many listed companies. Most of their holdings are losing money.
Perhaps MIDF wants to promote Mah Sing because it has too many Mah Sing shares
i thought next yr start production by April and profit kick in by Q4! they r not building new factory and new machine, rent from current and start production in shortest time.
For those who took profit, just silent watch the show. Don't talk this that here kacau haha. Don't too greedy wish got second round drop down let you guy in. No one ever know how the market run.
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....
gardenia123
35 posts
Posted by gardenia123 > 2020-10-19 22:13 | Report Abuse
https://www.theedgemarkets.com/node/537021