Actually, I bought into this counter because of the 5G business which to me is great potential for growth. Now that the market is going crazy over gloves, ,mask and any other types of PPE related to Covit 19, I suggest we hold tight. By the looks of it it will go above Rm1.00 but there is not guarantee.
What is EGcare Surgical Face Mask ? EGcare Surgical Face Mask is a branded type of 3-Ply Ear-loop, single use disposable mask, which has been tested and certified by Nelson Laboratories, LLC in Salt Lake City, UT 84123 U.S.A. Testing was performed in compliance with US FDA good manufacturing practice (GMP) regulations 21 CFR Parts 210, 211 and 820. The Flammability of Clothing Textiles met the criteria for 16 CFR Part 1610.7 Class 1 as there are no burn times. Standard Test Protocol achieved High Filtration with PFE > 99%, and BFE efficiency test shown > 99%. EGcare Surgical Face Mask also has been tested with the listed standards EN14683:2019 and found in compliance with the Medical Device Directive 93/42/EEC, and carries the CE marking
Why the group executive chairman Dato Terence Tea sold about 3.8 millions share at about 60 sen each which only worth about RM 2.3 million. Was he need cash so desperately? Or worrying his own company share prices rises too much ? will he selling again tomorrow ?
Theedgemarkets.com KUALA LUMPUR (July 21): Komarkcorp Bhd is set to diversify into the manufacture and sale of face masks, given the current market environment. In a circular to shareholders today, Komarkcorp said it had on June 15 incorporated its unit Komark Mask (M) Sdn Bhd to carry out a new business which it said is anticipated to contribute 25% or more of the net profits of the group through manufacturing the commonly used three-ply surgical face masks and KN95 masks. It said the new business will be led by an executive director of the company as well as its group chief operating officer Koh Chie Jooi. Komarkcorp said it has experienced a declining trend in revenue and consecutive loss after tax since 2017. The company, which is involved in printing of label and packaging solution, said it believes the new business will capitalise on a booming segment with favourable long-term prospects while making the most out of the opportunities created by the Covid-19 pandemic. In this regard, Komarkcorp said it has targeted countries with high Covid-19 infection rates such as the US, European countries, Africa, South America and India as principal export markets for the new venture. It will also provide an alternative source of income to the group’s current core business. “Even assuming the discovery and worldwide distribution of a vaccine and or cure, there has been much heightened awareness built in the general public on the need for self-protection and therefore hygienic practices are expected to remain. Practices such as the use of face masks in public areas are expected to remain a new normal in our society to prevent a similar outbreak of another virus in the future,” it said. The group intends to set up its production centre in one of its existing consumer packaging and printing factories located in Balakong, Selangor with 30 face mask production lines. Operation of the group’s existing consumer packaging and printing lines will remain unaffected. “Moving forward, subject to the growth in demand for face masks, the group plans to gradually expand the production capacity of the new business over the course of 24 months by setting up to 30 production lines. This is estimated to achieve a yearly production capacity of approximately 522 million three-ply surgical face masks and 120 million KN95 face masks.” Komarkcorp also announced a proposed private placement to issue up to 61.68 million new shares, to raise RM25.56 million and utilise up to RM17.9 million to fund its investment in the new business. The group also announced the proposed establishment of an employees’ share options scheme (ESOS) involving up to 15% of the total number of issued shares of Komarkcorp. It said the scheme should last for a five-year duration but is subject to extension as provided under the by-laws. The exercise price will be determined by the ESOS committee and shall be conclusive and binding on the grantees, it noted. At the midday break, Komarkcorp gained 1 sen or 2.06% to 50 sen, with a market capitalisation of RM100.74 million. The stock saw some 3.3 million shares traded.
i rather invest in EG tho, EG started their face mask production since April of this year. Konmark only started their face mask product on 15 June. If you do the math, EG will be more profitable compare to notion and konmark.
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....
Hush77
1,265 posts
Posted by Hush77 > 2020-08-03 15:04 | Report Abuse
just hold tight and see... i think ppl starting to notice this counter.. because the name is EG...not many know it also make mask..