Since their fix cost is sky high, and whole April not fully operate.you can bet against qr, just take your own risk. Yesterday already show lots of qr boom.
which director collect at 95sen.? that one is convert EG-PA to ordinary share. That means they desperate want to sell, even sacrifice PA dividend. Convert PA with dividend is a huge loss. Every time I saw you this type of people comment, then I very sure the price will slum.
Nowadays QR good or bad sometimes not really affect the share price. Good QR share price drop tremendously like Supermax. Poor result can still goreng up very high. Put our fingers crossed.
The fact is bitter. Do you think boss will bring us fly high? How many round and how many `investor` get trap here? Yes, in share market, some counter really won't affect by qr, this type of counter call rubbish or conman counter. Fund manager won't come in.
I read their 2019 annual report. EG acquired a new facility and it is mention in the report that it is fully automated (or at least) to reduce labour cost. The new facility is currently operating at 50% and the remaining is ready to serve new customers. They also said that they began to receive enquirers from various MNC company due to the trade war. Its true as many China and America company are shifting their suppliers. They also planning to venture into medical sector. Not a professional but I think during MCO, their new facility should not be a big problem when it needs to operate coz it is fully automated.Given the fact that their facility is ready, there should be no problem receiving new projects. They are ahead of many competitors. I took a glance at their revenue record, it shows a grow but not profit margin. I think it is better than other company that is mentioned recently. As I said, I'm not a professional, I think its worth holding it for now. Many ppl forget the fact that its an EMS. Covid-19 (vaccine etc) news should not be affecting this but it is the fact now. The recent convention of preference share might be director selling to their new customers or supplier as I have learn that some company do so in order to get better price for raw materials and so. Again I'm not a professional, I might be wrong, just my personal opinion.
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....
menort
1,006 posts
Posted by menort > 2020-08-28 01:20 | Report Abuse
facemask already oversupply in Malaysia we import from China.
Malaysia are the biggest glove maker in the world.
While China is biggest facemask producer in the world.