KLSE (MYR): TECHBND (5289)
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Last Price
0.39
Today's Change
0.00 (0.00%)
Day's Change
0.38 - 0.39
Trading Volume
312,600
2024-12-04
2024-12-04
2024-12-04
2024-12-04
2024-11-28
2024-11-27
Fundamental123
609 posts
Posted by Fundamental123 > 2020-08-29 12:31 | Report Abuse
Hi Guys,
POTENTIAL GROWTH: This Company has a second new factory in Vietnam that is able to double its revenue of the Company and reduce its production cost( check on latest 4Q financial result ) as it produce its own raw material instead of buying it from suppliers and this raw material can be available for new products expanding its business in other industries like paint, packaging products ......
In addition, the Company has become a exclusive Chemical product distributor in Malaysia for hygiene use like COVID-19 cleaning and other purposes.
ONLINE BUSINESS: online business in Asia will Boost more Delivery and packaging product like item packed boxes and food pack that need more Sealants and Adhesive.
Vietnam is a 100 mil population of just developing country and has big GAP for the growth of packaging and furniture and it has become significant furniture exporter to the world. These were why the Company has set up the second factory in Vietnam to reduce its production cost and boost its revenue by utilising most of its IPO proceeds for setting up the factory.
Good luck !