in the old days, or movies, they are many fortune tellers put up a desk on street, they tell a bit and not the whole story (they don' know anyway) and make a living...those visited them will always link their success or failure to the message of the fortune teller....the best is, not to visit them. let someone on the street to influence your fortune in the KLSE without doing home work, you are just another victim news on the Macau scam. No fortune teller should be able to determine your future, except yourself. be wise.
MAH SING TO START GLOVE PRODUCTION IN APRIL 2021 WITH READY FACTORY FOR INSTALLATION OF GLOVE DIPPING MACHINERY BY NOVEMBER 2020
Our fast turnaround model has served us well in all our various business ventures - from plastics, to property, and now gloves.
We are excited to share that Mah Sing’s new glove venture is on track to meet our targeted production date of April 2021 to meet strong pent-up demand. Piling works has already commenced (to be completed by Nov 2020) for Phase 1’s production lines, comprising 12 units of new, high speed glove dipping machines at our glove manufacturing factory in Klang.
Here’s a quote from our Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum, “Similar to our property development’s fast-turnaround business model, we are fast-tracking our diversification into gloves. Our first glove factory ready, and is ultra-long to accommodate modern, high speed machines which can run at a speed of 38,000 pieces of gloves per production line per hour. The factory also has a suitable roof height to house these mega machines. We have also secured supply of both Nitrile-butadiene rubber and latex raw materials, and should be able to quickly meet demand of our customers. We are targeting production by as early as April 2021.”
two weels ago, many still said property company will face problem, today, MS look like the king of property counter, MS must thank all the water fish, still believe the impossible.
Ask you guys Stay At Home wisely invest, you guys play contra? If that's the case, this afternoon is T3 forcesell for last Friday and last hourse T2 for Monday. Drop!
Don't forget Mah Sing still have business for 1. Development (Vaccine out also good for this business) 2. Plastic (Vaccine storage may need this, so vaccine out is good news for Mah Sing) 3. Glove (Vaccine out or no out also need Glove now, for medical or home use or commercial use)
So , Calvin BUrung Kakak or Dog Calvin stop barking..
I3 and calvin, Top gloves with 700+ production lines also lausai today lah (-6.0% as of now), those bought at 9.6 got eaten by big croc also if sold at loss. Today big croc very full, yum yum.
Top glove (700 production lines) TP : 10 (CIMB) Top glove (700 production lines) TP : 9.7 (Public bank) Top glove (700 production lines) TP : 13 (HLG) Top glove (700 production lines) TP : 9.65 (Maybank)
Which big croc started eating lunch/dinner of proud TG shareholders.. Hope you run fast and took some profit which I did for mahsing with zero production line now. Happy trading guys!
Mah Sing to start glove production in April 2021 TheEdge Wed, Oct 21, 2020 12:15pm - 3 hours ago
KUALA LUMPUR (Oct 21): Mah Sing Group Bhd is set to commence glove production in April 2021.
In a statement today, Mah Sing said it has commenced additional piling works to accommodate 12 units of new, high-speed glove dipping machines at its glove manufacturing factory in Kapar, Klang, to meet its targeted production date.
It said the piling works are expected to be completed by November 2020, to be immediately followed by installation of the machinery.
These 12 production lines are Phase 1 of Mah Sing’s diversification into gloves and have a maximum production capacity of up to 3.68 billion pieces of gloves per annum.
Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said similar to its property development’s fast turnaround business model, the firm is fast-tracking its diversification into gloves.
He said the factory has a suitable roof height to house mega machines.
“We have also secured supply of both nitrile-butadiene rubber and latex raw materials, and should be able to quickly meet [the] demand of our customers.
“We are targeting production by as early as April 2021,” said Leong.
Leong said Mah Sing’s glove business will be primarily be managed by a professional team with experience in glove manufacturing.
He said Mah Sing will be able to tap into the expertise and know-how of its regional plastics business in order to synergize with the gloves business.
With a build-up of approximately 228,800 sq ft, the current factory is Phase 1 of Mah Sing’s new foray into glove manufacturing.
Fabrication works for the new machinery have already started at the equipment supplier’s factory, and installation of the initial lines is expected to commence in November 2020; the first six production lines are expected to be ready for operation as early as the second quarter of 2021 (2Q21), followed by another six production lines by 3Q21.
Mah Sing is targeting a second phase of the expansion plan, which includes exercising the option to take up the other portion of the Kapar factory (build-up of approximately 287,500 square feet).
This could accommodate another 12 new production lines and increase the capacity up to another 3.68 billion pieces of gloves per annum. The Phase 2 expansion is targeted to happen when demand outstrips supply for Phase 1.
The property developer said that at this juncture, Mah Sing Healthcare Sdn Bhd has secured letters of intent from several prospective customers and the cumulative indicative orders have already exceeded the estimated maximum capacity for both phases of the Kapar factory.
If demand permits, Mah Sing Healthcare will gradually expand up to 100 production lines as part of future expansion plans, it said.
These 100 production lines could potentially produce up to 30 billion pieces of gloves per annum.
Mah Sing said as the Kapar factory is expected to start its operation with six production lines as early as 2Q21, the group is in a good position to take advantage of the high spot price of gloves.
Mah Sing expects the glove manufacturing business to be able to generate revenue for the group relatively quickly with the projected contribution estimated to come in as early as 2Q21.
At 12.06pm today, Mah Sing shares fell 5.09% or 6 sen to RM1.12, for a market capitalisation of RM2.72 billion.
Would help us good old honest Mah Sing investors in fending off them iddiot dikkhedd sochai boullshhitting non-stop trolling spamming naysaying gang guys
While for those who might also wanna be looking something at an even earlier even lower price stage, there is still little brother Luster that you might wanna consider also
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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....
lkpiew
8 posts
Posted by lkpiew > 2020-10-21 14:06 | Report Abuse
in the old days, or movies, they are many fortune tellers put up a desk on street, they tell a bit and not the whole story (they don' know anyway) and make a living...those visited them will always link their success or failure to the message of the fortune teller....the best is, not to visit them.
let someone on the street to influence your fortune in the KLSE without doing home work, you are just another victim news on the Macau scam. No fortune teller should be able to determine your future, except yourself. be wise.