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If buy now, it will still be ok with a dividend yield of 3.2% which is higher than the current 2.6% for fixed deposit. This in addition to the impending capital gain given the current economic scenario of the country...
Kossan is going up owing to its elastomeric and mechanical bearing
business in anticipation of demand from penang LRT, MRT3, HSR, not so much of the glove business.
Mah Sing invested in glove business at the very tail-end of the boom. Now they are stuck with the current weak demand for gloves. A sunset industry with low entry barrier coupled with too many players...
