As expected, stellar Qtr results. And price movement as expected. the downtrend before Qtr. announcement is also evident in last Qtr. announcement. And the next thing you know, she's on the climb again. History repeating itself. So based on that, i'm gonna assume that sometime next week, she is gonna rise.
Seems like government is talking about wearing double facemasks these days. And pecca has ventured into the face mask business as well. Given the meteoric rise, seems like some good news incoming?
Along with the Mask production increase, we can also expect next quarter results to be good as well, since it's due at the end of June 2021. This coincides with the current end of tax exemption for car sales. And If the current rumours going around Car dealers pan out, then that's basically better profits for the remainder of the year.
Automotive SST exemption extend until 31/12/21 is good news. Coupled with much reduction in overseas travel and tourism consumption ,at least 1/3-1/2 of the sum saved will be spent on buying new cars and upgrading.Good for local automotive industry and spare parts industry.
Agreed...let the fruits continue to grow bigger and sweeter. Dont forget, SST exemptions for car makers is also extended to Dec21. Besides leather contributions and now the masks, the fruits will multiply...Not surprise for good dividends coming!!
What a good business from Pecca. Probably, we can reap good bonus from Pecca company. Past record show that this company is so generous. Gave good dividend and even bonus share to their shareholders last year.
“The expansion will be managed by its wholly-owned subsidiary Pecca Leather Sdn Bhd and involve the purchasing of five new mask production lines amounting to RM3 million. The remaining RM2 million will be used for building renovations.”
Yes... Callie new type of mask KN95 will be launching tomorrow... sincere comment... I have worn different type of masks... Callie mask is really comfortable and protective
Oh ya btw, cases keep maintaining at high figures atm.. everyone must wear protective mask... the KN95 mask filter 95 percent of aerosol particulates. By wearing the mask properly, it could potentially be carrying the novel coronavirus! Get healthy and wealthy together everyone !! Heng ong huat!!
Pecca encounter resistant at 4.70, PE a bit high now,latest qtr report good result,eps increase ,PE down , next qtr must with good result in order to sustain current price. In short term price may not able increase too much as per this year Feb to Apr. Hope their can bonus issue in future because 4.50 will be a bit high if compare with their revenue and net profit.
Derrick, with the car tax exemption extended to Dec 31 and the expansion of new face mask line, i believe the next qtr will be green, and the qtr thereafter will be way better given the new line.
Those who can't hold will surely be flushed out. Pecca is a fundamentally strong counter meant for long term.
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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....
man123
13 posts
Posted by man123 > 2021-05-21 18:35 | Report Abuse
Q3 results already out