Other glove companies value already unlocked/priced in, now big sharks taking profit from bilis buying top, Mahsing value not even unlocked lah. Anyway all healthcare counters will have potential to unlock new high value in the future (3-10yrs) due to another potential new pandemic. It's wise to have at least one undervalued HC counter as pandemic hedge. My opinion only. no buy sell recommendation.
- MS not only ventured into glove business but also planning to venture into other healthcare related business which could include personal protection, pharmaceutical, services and / or upstream product. - MS understand the importance of R & D and they will invest into this. They also have talent who have experience in this area - MS will look for business opportunity with RCEP partner in Asia - The glove production line is high speed one and highly ajtomated with auto stacking and auto stripping features. The production capability is 38k pieces per hours per production line. Industry highest is Hartalega production line which can produce 45k pieces per hour per line. - They will continue focus in automation development, same as what they are doing in plastic segment - As a new player, they have more options to choose between spot order and contractual order. Take note that the spot selling price could be 50% to 100% higher than contractual selling price. - As a new player, their production line is new which half of production line from old player could be old already. This could bring more efficiency to MS compared to other old player. - They have received more than 60 letter of intent from customer. -They are unable to provide profit guidance. But they mentioned spot selling price per 1k piece for nitrile glove is USD 80 to 160,while the cost from USD 27 to USD 50 - For the capex of RM 160m, they are looking to pay back within 1 to 1.5 year
If Mahsing can produce good quality Exam Gloves than I must say they have a very good future. Health industry is very sensitive to quality and if Mahsing produce something like their property than.... Anyway scooped some of their shares yesterday.
Hi, there is one latest YouTube video released by Superbull could be of your interest.
Please tap on the attach YouTube link to find out their research analysis on both Iconic Worldwide and Mah Sing initiatives in venturing into medicare related businesses.
We believe this bull cycle, which has just started in last March, still has a long way to go. As such, Buy undervalued blue chips in the Banking (AMBANK, ABMB, HLBANK & MAYBANK), recovery plays in the Gaming (GENTING & GENM) and Property (MAHSING & SPSETIA)
This counter tipu money alots.. as I observe for two weeks more. The price is gradually dropping and there are players around there to make you sell low buy high . Better don't buy contra as if you buy at 0.865 now you will be forced sell at 0.855. it is happy even earn you one cent. Lol
MS able to maintain price at EMA 50 support price. Good price. Show that this stock have lesser short term player. people buy and keep. those who do not have the patient, u will feel bored.
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....
Investgaogao
898 posts
Posted by Investgaogao > 2020-12-23 08:30 | Report Abuse
Me... Mahsing business is well diversify now. Market good property and plastic business, market bad healthcare... Going like ioi pgroup pattern