MAH SING GROUP BHD

KLSE (MYR): MAHSING (8583)

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Last Price

1.72

Today's Change

+0.03 (1.78%)

Day's Change

1.66 - 1.74

Trading Volume

5,254,600


11 people like this.

12,574 comment(s). Last comment by fruitcake 19 minutes ago

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.

CoolBull

3,675 posts

Posted by CoolBull > 2020-10-21 16:51 | Report Abuse

Just ignore all them iddiot dikkhedd sochai boullshhitting non-stop trolling spamming naysaying gang guys

They're not worth engaging with at all

charchar

334 posts

Posted by charchar > 2020-10-21 16:52 | Report Abuse

if MahSing is just a goreng counter, today should be limit down already. But no what, it still maintains, not much drop.

charchar

334 posts

Posted by charchar > 2020-10-21 16:52 | Report Abuse

We don’t always have sales like this, dont miss the opporunity!

stkoay

6,490 posts

Posted by stkoay > 2020-10-21 16:53 | Report Abuse

Wow...the new gloves STAR dropped 4% ONLY

The rest all dropped 6-8%

Good Show !!

Posted by monique1968 > 2020-10-21 16:53 | Report Abuse

1.47 dropped to 1.04 not much hahaha

Posted by ProsperousRealm > 2020-10-21 16:55 | Report Abuse

If forever always so scared of getting 'trapped' & cannoy tahan even a few days of 'capture', then better not be involved in stock investing at all

Try fd savings account & just stay there forever

Posted by ProsperousRealm > 2020-10-21 16:56 | Report Abuse

Yes laugh laugh

Posted by ProsperousRealm > 2020-10-21 16:58 | Report Abuse

non-buyers = mere spectators = non-gainers

Only can keep on with their empty meaningless worthless laughing until kingdom come

j11an9

126 posts

Posted by j11an9 > 2020-10-21 16:59 | 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.

anthonytkh

1,802 posts

Posted by anthonytkh > 2020-10-21 17:04 | Report Abuse

Yesterday’s and today’s drop is understandable coz it’s either T2 or T3 for contra traders based on whether they bought last Thurs or last Fri

stkoay

6,490 posts

Posted by stkoay > 2020-10-21 17:07 | Report Abuse

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.

----------------------------------------------------------------------

CORRECT !!

Cannot understand why people who don't own the shares are so concern about whether investors are buying or selling.

Posted by Ravin Cheema > 2020-10-21 17:09 | Report Abuse

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....

Posted by FortuneBlooming > 2020-10-21 17:11 | Report Abuse

Apparently not a few guys still thinking that new MS glove JV is some kind of moonlighting small time bawah pokok mamak stall

They need to keep abreast with latest developments big time

Posted by FortuneBlooming > 2020-10-21 17:11 | Report Abuse

first gloves gonna be out in April, man

Happy_Sad

125 posts

Posted by Happy_Sad > 2020-10-21 17:22 | Report Abuse

actually this gloves wanna sell to who har....

Posted by monique1968 > 2020-10-21 17:23 | Report Abuse

You think i print money, not scared

anthonytkh

1,802 posts

Posted by anthonytkh > 2020-10-21 17:25 | Report Abuse

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

j11an9

126 posts

Posted by j11an9 > 2020-10-21 17:27 | Report Abuse

MS gloves will be supplied overseas to foreign buyers.

mita29

1,064 posts

Posted by mita29 > 2020-10-21 17:41 | Report Abuse

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.

Posted by Anuar Jusoh > 2020-10-21 17:43 | Report Abuse

why many munch drop 147 dowm 104 2 day this manipulet

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-10-21 17:43 | Report Abuse

Good closing. Will hit top glove price if Thailand and China producers are sleeping. ST trading play on news.

Posted by jonathanchee > 2020-10-21 17:49 |

Post removed.Why?

Posted by DonWorryBeHappy > 2020-10-21 17:52 | Report Abuse

Wah purposely set up acct to spook at all glove counters ah, good la I need to buy more, bullets ready

mita29

1,064 posts

Posted by mita29 > 2020-10-21 17:54 | Report Abuse

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.

mitchu

324 posts

Posted by mitchu > 2020-10-21 17:57 |

Post removed.Why?

Posted by EmperorFund > 2020-10-21 18:00 | Report Abuse

Five South Koreans die after getting flu shots, sparking vaccine fears

https://www.channelnewsasia.com/news/asia/five-south-koreans-die-after-getting-flu-shots-vaccine-fears-13328738

mita29

1,064 posts

Posted by mita29 > 2020-10-21 18:12 | Report Abuse

The sentiment may change with the vaccination but glove makers will continue to make super normal profit whether you like it or not.
https://edition.cnn.com/2020/09/24/health/us-coronavirus-thursday/index.html

Morpheus61

2,144 posts

Posted by Morpheus61 > 2020-10-21 18:16 | Report Abuse

Posted by mita29 > Oct 21, 2020 6:12 PM | Report Abuse

The sentiment may change with the vaccination but glove makers will continue to make super normal profit whether you like it or not.
https://edition.cnn.com/2020/09/24/health/us-coronavirus-thursday/inde...
__________________________________________________________________

For sure the GLOVE MAKERS will continue to make super normal profits :)
What about Mah Sing. Please don't regret after you get played by the IBs

mita29

1,064 posts

Posted by mita29 > 2020-10-21 18:28 | Report Abuse

no risk no gain my friend

edwardkuah

295 posts

Posted by edwardkuah > 2020-10-21 18:37 | Report Abuse

just patient ,,i believe tomorrow might have rebound as i can see KLSE monthly chart below 1500 point will have a strong rebound~~

DreamGuardian

1,169 posts

Posted by DreamGuardian > 2020-10-21 18:53 | Report Abuse

Mah Sing to start glove production in April 2021

https://www.theedgemarkets.com/article/mah-sing-start-glove-production-april-2021

j11an9

126 posts

Posted by j11an9 > 2020-10-21 18:55 | Report Abuse

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.

anthonytkh

1,802 posts

Posted by anthonytkh > 2020-10-21 19:14 | Report Abuse

No need to wonder. The naysayers here protecting their other glove counters. Simple. They don’t need to but they want to

CoolBull

3,675 posts

Posted by CoolBull > 2020-10-21 19:20 | Report Abuse

Yep first Mah Sing gloves gonna be out by April 2021

Believe it to your own benefit

Dismiss it at your own peril

Not a call for buy or sell

Do your own due diligence

Invest at your own risk

1Anchovy

16 posts

Posted by 1Anchovy > 2020-10-21 19:30 | Report Abuse

Tomorrow will rebound

mita29

1,064 posts

Posted by mita29 > 2020-10-21 19:51 | Report Abuse

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.

oskchoon

3,186 posts

Posted by oskchoon > 2020-10-21 20:10 | Report Abuse

mita29, you are right, when it drops below RM 1.00, big sharks operators will start collecting again...

oskchoon

3,186 posts

Posted by oskchoon > 2020-10-21 20:12 | Report Abuse

Big crocodile always buy low below RM 1.00 and sell high later on.., for big profit.. Beware....

Goldberg

2,916 posts

Posted by Goldberg > 2020-10-21 20:35 | Report Abuse

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.

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2020-10-21 20:35 | Report Abuse

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

Posted by LuckyWinner > 2020-10-21 20:38 | Report Abuse

MAHSING!

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2020-10-21 20:40 | Report Abuse

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?

Goldberg

2,916 posts

Posted by Goldberg > 2020-10-21 20:46 | Report Abuse

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.

Tan Sri Leong's new found passion ie GLOVES.

joyvest

10,536 posts

Posted by joyvest > 2020-10-21 20:57 | Report Abuse

Big fish eats small fish.small fish eats shrimp....who are you?

joyvest

10,536 posts

Posted by joyvest > 2020-10-21 21:00 | Report Abuse

mah sing must sing 2moro otherwise many weep......one man sings another man weeps........

Goldberg

2,916 posts

Posted by Goldberg > 2020-10-21 21:05 | Report Abuse

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.

joyvest

10,536 posts

Posted by joyvest > 2020-10-21 21:07 | Report Abuse

Haha another saint of info....mah sing is awesome

Goldberg

2,916 posts

Posted by Goldberg > 2020-10-21 21:12 | Report Abuse

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.

joyvest

10,536 posts

Posted by joyvest > 2020-10-21 21:15 | Report Abuse

Song sung blue,every body knows one...

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