There are investors who have decided to put their money here in anticipation of the company getting its gloves venture off to a fast start in a couple of months. There are also those who came in for a quick profit just because of the news. There are the rest who do not believe in the glove story and its continued future potential. The last group of ppl we don’t need to care about. Those who are choosing to run away at the first sign of dip and correction are free to do so and have no need to criticize, verbally abuse or even denigrate investors who are sticking around until the plan comes to fruition in April, and earning whatever additional profits than those who will only get on board later on.
Posted by j11an9 > Oct 21, 2020 4:59 PM | Report Abuse
There are investors who have decided to put their money here in anticipation of the company getting its gloves venture off to a fast start in a couple of months. There are also those who came in for a quick profit just because of the news. There are the rest who do not believe in the glove story and its continued future potential. The last group of ppl we don’t need to care about. Those who are choosing to run away at the first sign of dip and correction are free to do so and have no need to criticize, verbally abuse or even denigrate investors who are sticking around until the plan comes to fruition in April, and earning whatever additional profits than those who will only get on board later on.
looks like mahsing held pretty well. didnt buy mahsing for gloves...just thought of investing for long term as they are a stable company which gives yearly dividend.. glove annoucement was unexpected and a bonanza...lets see how it goes... overall all glove related stocks dropped a lot today with massive swings....
If you guys/gals didn’t already know, yesterday institutional funds were net sellers at -RM46M, retailers were net buyers at RM181M while foreign funds were net sellers at -RM135M
If you guys/gals didn’t already know, yesterday institutional funds were net sellers at -RM46M, retailers were net buyers at RM181M while foreign funds were net sellers at -RM135M ---------------------------------------------------------------------------------------------------------------------------- Yikes, big crocs have been on the move since yesterday.
I've sold like 50% for some profit so that I can sleep better at night, the remaining share to ride the wave of Mahsing for long term, may reinvest again at lower price point.
Forgot to mention the fact that there’s this bunch of fellow glove investors from the Big 4 who are hating on MS as being fake, fictitious, pie in the sky, doomed to fail, etc. Surely they are not oblivious to the glove haters who deride TG, SM and so on for being overvalued and not sustainable. That the party is coming to an end. That post-COVID, SM and TG are worth at best 2 bucks. Over there they scramble to defend against these detractors..
Yet one wonders why they see the need to come over here and channel the hate to this potential up and coming glove manufacturer. If they believe in gloves, they would certainly be aware that demand far outstrips supply and having an additional few smaller players in the market is not going to jeopardize the earning prospects of their beloved world leading stocks.
I think rebound will only happen when big crocs stop selling. Near limit up mania has already breached all their profit taking alarms in 3 freaking days! Let's hope they will be full tomorrow by err....Tomorrow or this week.
BREAKING NEWS ------------------------ Mah Sing Group Bhd is set to commence glove production in April 2021.
KUALA LUMPUR (Oct 21):
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.
KENAPA NAK BELI SEKARANG? TUNGGU NEXT QR RESULT OUT FLUSH SEMUA WEAK KAKI BARU ENTERLAH. GLOVE PUN BELUM BUAT BERAPA TIMGGI BOLEH PERGI. DONT WASTE YOUR TIME AND MONEY TUNGGU DURIAN RUNTUH. PERGI HUNTING LAIN COUNTER LULU
MESTI ADA ORANG CAKAP KALAU TAK BELI SEKARANG TAK ADA CHANGE LOL? SUPERMAX 3.0 OTW LOL. TOP 5 LOL. BY END OF THE YEAR RM10 LOL. LU TINGGAL DI PENTHOUSE SENDIRI TURUNLAH. KAN?
FAST TURNAROUND BUSINESS MODEL- TO PROVE THE SKEPTICS WRONG --------------------------------------------------------------------- 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.
“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.
MS Healthcare BULLISH on BUYERS ------------------------- 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.
MS Healthcare will be Professionally Managed ------------------------------------------ TS 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.
No worries. The Horse always delivers and sings as well.
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....
monique1968
252 posts
Posted by monique1968 > 2020-10-21 16:50 | Report Abuse
Please use your common, yesterday a lot of ppl trapped at 1.30 to 1.40 level.