Mah Sing Group Bhd, the latest darling for the glove bulls, has rallied 246% in just three trading days, thanks to its move to diversify into rubber glove production.
Unlike 20 years ago, it is much easier to plan, construct , install and coomission a glove plant and start operation. The gestation period is cut short tremendously with modern technology. Who knows when investors realise the demand is growing and Mahsing may even buy up smaller glove companies, the potential is there. All of a sudden, may even limit up effects.
according my source.... mahsing planning this before raise the sukuk 100mil..... machine and raw material already secure via mh plastic company!... they make official announcement when sign tenancy agreement with minho....withness by govn person....
the intent order is no sohai one lah... confirm mahsing show something to them then only written intent order to mahsing...
Again no buy call for this.. but if you trust mahsing capability buy and hold and wait another 6 months!!
Wait 4x cents only consider. Gloves income only can be realised in another 3to 4 years provided all goes smoothly, if not, maybe taking years (unknown). Bye bye for now
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....
xing
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Posted by xing > 2020-10-21 12:32 | Report Abuse
Mah Sing to start glove production in April 2021