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D'nonce Technology — Riding on the booming glove and E&E sectors
Target price: 88 sen
— Riding on the booming glove sector and electrical & electronics (E&E) sector, seen achieving record earnings in FY21 as their packaging boxes are used by major glove manufacturers
— It makes glove boxes in its Sadao facility in Thailand, where it supplies to major glove makers such as Top Glove Mercator, Halyard, and Sri Trang, with an estimated 30% of the local market share
D'nonce Technology — Riding on the booming glove and E&E sectors
Target price: 88 sen
— Riding on the booming glove sector and electrical & electronics (E&E) sector, seen achieving record earnings in FY21 as their packaging boxes are used by major glove manufacturers
— It makes glove boxes in its Sadao facility in Thailand, where it supplies to major glove makers such as Top Glove Mercator, Halyard, and Sri Trang, with an estimated 30% of the local market share
— Earnings contribution from the Sadao facility will gradually come on stream in 2HFY21 and full contribution from the expansion by FY22
— Also serves the E&E sector with major multinational companies of memory drives and semiconductor manufacturers, providing cleanroom services, box-build assembly, and manufactures plastic components parts mainly used in PCB assembly
DNONCE is a hybrid play of the highly profitable but flat sentiment healthcare segment as well as the highly valued technology companies. The company does play a part in the value chain of glove production but again – majority of its revenue comes from the E&E sector.
Under its E&E sector, DNONCE provides cleanroom services with standards of Class 100, Class 1k & Class 10k. An interestingly high PE company – UWC Berhad (“UWC”) had just announced in their latest quarterly report that they completed a Class 10k cleanroom. As a comparison, DNONCE has already got them in place.