Gloves counters are oversold but demand remains resilient . Current orders are for shipment July/Aug. ASP is trending down BUT for MahSing, instead of putting the hige reserves in FD, even a slight profit from gloves will be a significant profit contribution. Enroute to listing their plastic division ... will be able to unlock its value. Below RM1 currently, it is quite a diversified option .
Yes...recovery play on property stocks has just started....and with additional profit from it's coming gloves operation....it should trade very much higher in the near future.
This company is with proven track record. Recording profits every quarters and constantly distributing dividend for the past 10 years. Diversifying into gloves industry is good as well, as gloves industry is always resilient even without pandemic, but with pandemic, of coz is something bonus for them, but still MahSing main business is in property business. So if you trust their business model, then you should buy in, especially when the property sector has been continuously beaten down for the past 2 years. Their time will come, so if you position yourself now, you will be rewarded nicely.
This is my banker bet investment in my midterm portfolio. Based on my observation since last year high until the current price, now should be the best time to enter to get on to the joyride before the upswing waves comes. Already top up alot for the past few days. Let's Huat together soon, cheers
My observation of the recovery theme movement 1) Healthcare / Gloves = Technically over or some technical rebound and short run up 2) IT / 5G = Peak going to end soon (Super risky) 3) O&G / Tourism / Airlines = Mid Going to Peak 4) Property / Construction = JUST STARTED So MS must have patience. With gloves going to kick start in April, and share price not yet price in yet, there is a huge potential for sure
Needs gloves progress news badly from MahSing... how come so quiet... also the construction/properties... news is keeping stakeholders interested in the stocks...
This counter is just too quiet and no corporate news update unlike AA. That's why volume is too low. MS, pls let us know the progress of the glove factory update for investor to boost confidence
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....
kimsui7364
101 posts
Posted by kimsui7364 > 2021-03-13 15:44 | Report Abuse
MS glove machines commission so far so good....shell on time delivery to cust's...