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Company will make the assets sales faster in order to improve the liquidity of the company before the due date of the debt repayment . The assets sales of 163 retail parks, Sri Hartamas land and Aeon Seri Manjung will be the catalyst of the stock.
NTA is 2.16, A lot of the land banks have not be re-value for many years, thus the NTA should be higher. just by selling the land will make it become cash rich.
For the past 20 years, glove demand average growth is 10%, after covid, due to increase hygiene standard and awareness, the glove demand average growth should be higher than 10% growth post pandemic. Gloves is a necessity in healthcare to protect the health professionals from the infectious disease. Growing gloves demand in medical and healthcare, pharmaceutical, automotive , semicon, chemical, and various industries has been a major factor driving market growth. If you observe, the staffs in re
The retain earning is huge, cash is more than RM3 billion, glove demand worldwide will keep increasing to due heightened hygiene standard. Buy and keep for long term will be fine.
