THE NEW GLOVE COUNTER IN TOWN ! -------------------------------- Author: southernwolf223
A little rumours around the corner that IQZAN would be the next to join the glove maker company in Bursa Malaysia by merging with one of the leading glove maker in Malaysia based in Alor Gajah,Melaka.The company is one of the leading suppliers and exporters for Latex Examination Gloves and Latex Surgical Gloves. Currently, they exports to over 45 countries. The main continents covered Africa, Central and South America, European Countries, Japan, Middle East Countries, South East Asia and United States (USA).
The company emphasizes stringent quality control in order to adhere and meet with Good Manufacturing Practice and Standards, such as ASTM D3578-05, and EN455 Part 1&2. It is accredited with FDA 510K, CE, ISO9001, and ISO13485. The announcement could be out by the next few weeks and this will be the most CHEAPEST !! glove
We Manufacture & Supply Latex Examination Gloves In Malaysia For More Than 25 Years
Tan Sin Lian Industries Sdn. Bhd. (TSL), a gloves manufacturing company is one of the leading suppliers and exporters for Latex Examination Gloves and Latex Surgical Gloves in Malaysia. Currently, TSL exports to over 45 countries. The main continents covered Africa, Central and South America, European Countries, Japan, Middle East Countries, South East Asia and United States (USA).
TSL strives to provide best quality of products and services to customers from either healthcare or non-healthcare segments. The workforce number is 450 persons and it is still increasing. TSL built in 22 production lines in order to cope with fast-growing market demand and at the same time, maintain its prices competitiveness.
With the good news now. If Anzo price close red today.. Will be a bad scenario for people to support and push up the price. Let us wait for the result at 4.50pm .
Based on RM 90 million revenue from copper scrap export , assuming 5 % net profit margin net profit would be RM 4.5 million for Q3 . Net earnings per year would be RM0.02per share . Assuming PE15 , intrinsic value of Anzo would be RM 0.30 not counting timber ,property and potential second copper scrap export contribution . At RM0.12 , Anzo is very much undervalue and more than 60% below margin of safety
Assuming Anzo bags another RM 1.5 billion copper contract with South Korea or Japan , it would add another RM 0.30 to its intrinsic value which would come to RM0.60
I am now really not understand this company. Good news come out price also can drop. Now have to wait until the good news announced by the company to bursa baru can percaya..
During the quarter under review, the Group’s Revenue and Gross Profit increased by 10.6 times and almost 15 times respectively compared to the previous year’s corresponding period. This was mainly due to the contribution made from the new copper scrap trading business from the trading division, which provided RM15.6 million (2019 4Qtr: nil) turnover during the quarter. The timber division was badly affected by the Movement Control Order (MCO) which came into effect from March 2020. This was evidenced by its contribution of only RM0.7 million (2019 4Qtr: RM1.5 million) turnover during the period
Anzo's copper scrap trading revenue of RM15.6 million has yet to show profit due to initial capital set up one time expenses of RM 10-20 million . Actual net profit margin should be in the single digit range and will be much higher in next quarter due to bullish price of copper . Huge profit can be made by leveraging and hedging copper scrap as its price is climbing to multi year highs .
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....
Abdulhamide
40 posts
Posted by Abdulhamide > 2020-09-17 08:48 | Report Abuse
Alhamdulillah Subhanallah i have gained from this counter. May this counter
continue to rise