Foreign investors going to pump money into this company. Eveything already going as planned. Bull case for Mah sing is that their subsidiaries all can heavily support glove business to scale fast. On top of that, their diversified businesses would be amazing because they can use glove money to further boost their other businesses. Mah Sing is not the first mover in glove, but their new production lines all built with high efficiency of automation after seeing all the other companies struggle to keep up with demand.
KLANG (April 22): Mah Sing Group Bhd, which expects to kick start its rubber glove production next month, said it has secured purchase orders for its gloves until September this year, with average selling prices of between US$85 (RM349) and US$115 (RM473) per 1,000 pieces.
When asked about the profit margin for glove business, Leong only provided the costs based on current raw materials, which average between US$36 and US$40 for 1,000 pieces.
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5231428
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Posted by 5231428 > 2021-04-22 19:43 | Report Abuse
Mahsing is not like AT only make private placement.