Price is moving to the south despite better quarter performance. Mr James Tan, can you comment on it or it’s just your corporate strategy to frighten off your minority shareholders?
i just being honest... iconic with mahsing, it wil not be overly goreng as they are not yet launching their glove production. After launching their fundamental will be very good.
Currently Iconic fundamental only on properties (Iconic Point which estimate to finish next quarter) and facemask with almost 30% profit margin (Revenue = 3.6 Million and Profit = 1 Million from Dis QR), plus starting this quarter they start to supply facemask to europe through Emergo Europe B.V (europe covid cases are rising).
1.2b gloves normally packed in 1 box of 100pcs at price of USD7.50 per box. 1.2b gloves per year is 12mils boxes per year, at annual sale price of est. USD90mils that is equivalent to circa. MYR378Mils. Good earning for the year for ICONIC...
visited to the Batu Kawan area and went to check out the so called Iconic new medicare manufacturing building. It is still work in progress, NOT as what claimed by the management 70% completion, I the most is around 50%. So the 70% and ahead of schedule is a bit misleading.
Now too late for building yet another glove factory! Very likely to be slaughtered by the existing big players in the future scenario of declining demand and increasing supply.
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....
khk3001
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Posted by khk3001 > 2021-01-26 14:42 | Report Abuse
When is iconic nx qr?