Business

Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors
Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors

Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors | Hey guys! Anzo Holdings Bhd should announce soon that a new substantial shareholder has emerged in the group after it secured 2 deals recently, the first a RM1.3 billion contract to supply copper scrap to South Korea, and a RM55 million investment in a glove making company. While we have little details about the investor, it is believed that he is a cash-rich tycoon either from China or Hong Kong.

Shares of Anzo have been actively traded these past few weeks. It has been the top 5 or top 10 most active counters for several weeks now. At 5pm today, some 310 million shares were traded and the stock was hovering around the 18 sen to 20 sen range, indicating that it is going to power up soon. The stock was trading below 5 sen early this year and today went the highest to 20.5 sen. So you can conclude what is happening in Anzo yourself.

The foreign investor is looking to invest in a public-listed company in Malaysia which has the potential to expand and become a global player in various businesses. Anzo, which produces quality timber doors is a target because the current shareholders have been actively looking for new businesses to diversify. A check with Bursa Malaysia shows that the current substantial shareholder of Anzo is Datuk Eddie Chai Woon Chet, who is also the group managing director.

Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors
Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors


Eddie Chai has been instrumental in improving the business of Anzo, previously known as Harvest Court Industries Bhd. He has been seeking new construction contracts and property developments projects for Anzo to carry out after the change of name in 2015. We understand that Eddie Chai has been approached by Chinese investors who are eager to take a stake in the group and we hope this will take place soon.

"They are purchasing the shares in Anzo in the open market. They have been monitoring Anzo for quite sometime and are surprised that the group can secure the two deals in less than a month, amid the current market conditions," said an analyst friend who declined to reveal the name of the investors.

Meanwhile, on the glove business, Anzo is expected to rake in some RM150 million to RM200 million in net profit and revenue of over RM350 million or close to RM400 million from exporting 1.2 billion pieces of medical and/or nitrile gloves a year. The company which Anzo is buying is called Wintrade World Sdn Bhd and it owns land and the factory producing the medical gloves in Manjung, Perak. There are currently nine production lines churning out 100 million pieces of the medical gloves a month (1.2 billion a year). 

It is understood, the factory is located on about 10 acres. This means there is ample of room for the factory to expand and maybe add another 5-7 new production lines. With more production lines, it means Anzo will be able to produce over 2 billion pieces of the medical gloves a year, and as a result, its revenue and net profit would increase.

Anzo today told Bursa Malaysia that the assets and its capacity is expected to generate substantial profits for the group.


July 03, 2020

Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors


Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors
Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors

Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors | Hey guys! Anzo Holdings Bhd should announce soon that a new substantial shareholder has emerged in the group after it secured 2 deals recently, the first a RM1.3 billion contract to supply copper scrap to South Korea, and a RM55 million investment in a glove making company. While we have little details about the investor, it is believed that he is a cash-rich tycoon either from China or Hong Kong.

Shares of Anzo have been actively traded these past few weeks. It has been the top 5 or top 10 most active counters for several weeks now. At 5pm today, some 310 million shares were traded and the stock was hovering around the 18 sen to 20 sen range, indicating that it is going to power up soon. The stock was trading below 5 sen early this year and today went the highest to 20.5 sen. So you can conclude what is happening in Anzo yourself.

The foreign investor is looking to invest in a public-listed company in Malaysia which has the potential to expand and become a global player in various businesses. Anzo, which produces quality timber doors is a target because the current shareholders have been actively looking for new businesses to diversify. A check with Bursa Malaysia shows that the current substantial shareholder of Anzo is Datuk Eddie Chai Woon Chet, who is also the group managing director.

Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors
Anzo Set to Be a Large Glove Maker, Attracting Foreign Investors


Eddie Chai has been instrumental in improving the business of Anzo, previously known as Harvest Court Industries Bhd. He has been seeking new construction contracts and property developments projects for Anzo to carry out after the change of name in 2015. We understand that Eddie Chai has been approached by Chinese investors who are eager to take a stake in the group and we hope this will take place soon.

"They are purchasing the shares in Anzo in the open market. They have been monitoring Anzo for quite sometime and are surprised that the group can secure the two deals in less than a month, amid the current market conditions," said an analyst friend who declined to reveal the name of the investors.

Meanwhile, on the glove business, Anzo is expected to rake in some RM150 million to RM200 million in net profit and revenue of over RM350 million or close to RM400 million from exporting 1.2 billion pieces of medical and/or nitrile gloves a year. The company which Anzo is buying is called Wintrade World Sdn Bhd and it owns land and the factory producing the medical gloves in Manjung, Perak. There are currently nine production lines churning out 100 million pieces of the medical gloves a month (1.2 billion a year). 

It is understood, the factory is located on about 10 acres. This means there is ample of room for the factory to expand and maybe add another 5-7 new production lines. With more production lines, it means Anzo will be able to produce over 2 billion pieces of the medical gloves a year, and as a result, its revenue and net profit would increase.

Anzo today told Bursa Malaysia that the assets and its capacity is expected to generate substantial profits for the group.



Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor!


Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor! | Hey guys! Before this, I'm share about Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia. This time, about Anzo Holdings Bhd in the process of buying a glove manufacturing company in Selangor for about RM50 million. It is understood, Anzo is buying the company as it owns a factory which is capable to produce over one billion pieces of nitrile gloves or medical gloves a year.

Based on my calculation, Anzo will derive a revenue of over RM400 million a year from selling the gloves. And with the current global market price of nitrile gloves, and if we take the highest price of USD75 for every 1,000 pieces, Anzo will definitely make a handsome profit.

Let's say that Anzo sells the gloves at that price which i am sure they will be able to as there is shortage of nitrile gloves worldwide currently, Anzo will make a handsome profit of more than RM200 million a year. This is very good news for the Malaysian market which has been depressed since the beginning of this year because of the Covid-19 pandemic. 

Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor!

Anzo is one of few companies that is listed on Bursa Malaysia which has been making news for all the right reasons. The timber and property development company has been looking to diversify its income stream to mitigate any shortfall in earnings as the market for property development activities is rather slow currently.

Last week, Anzo announced that CSTME Resources Sdn Bhd, which has an AP (approved permit) license has emerged as a substantial shareholder in the company with 11.621 per cent stake. Before that Anzo announced that it had secured a RM1.3 billion deal to supply copper scrap to a South Korean group. All these good news should explain why the stock has been active.

Anzo is expected to have guaranteed payment over 40 months, which is the duration of the contract with the Korean group. This will augur well for the company to perform better. Hopefully by the time the contract ends within the next three years, Anzo would have secured a new contract or it may also possibly extend the contract with the South Korean group. 

Meanwhile, CSTME, incorporated in 2014, is one of the major importer and exporter of non-ferrous materials in Malaysia which specialized mainly in copper products. Last week Anzo, its subsidiaries and CSTME inked an agreement to supply copper scrap to the South Korean group. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo over 40 months.  

Anzo told the stock exchange it will supply up to 60,000 metric tonnes of copper scrap to CSTME at RM23,000 per metric tonne during the contract period.CSTME said it will buy the products from Anzo and export them to South Korea, effective July 1. Anzo said this deal is expected to strengthen its trading business for sustainable earnings in a long period.

The deal will also create business opportunities in the international export market for Anzo, which has been looking to diversify its income stream as its current business that includes property development has not been doing so well because of weak market conditions.


July 02, 2020

Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor!


Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor!


Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor! | Hey guys! Before this, I'm share about Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia. This time, about Anzo Holdings Bhd in the process of buying a glove manufacturing company in Selangor for about RM50 million. It is understood, Anzo is buying the company as it owns a factory which is capable to produce over one billion pieces of nitrile gloves or medical gloves a year.

Based on my calculation, Anzo will derive a revenue of over RM400 million a year from selling the gloves. And with the current global market price of nitrile gloves, and if we take the highest price of USD75 for every 1,000 pieces, Anzo will definitely make a handsome profit.

Let's say that Anzo sells the gloves at that price which i am sure they will be able to as there is shortage of nitrile gloves worldwide currently, Anzo will make a handsome profit of more than RM200 million a year. This is very good news for the Malaysian market which has been depressed since the beginning of this year because of the Covid-19 pandemic. 

Anzo Holdings Bhd Invest RM50 Million To Buy Glove Manufacturing Company in Selangor!

Anzo is one of few companies that is listed on Bursa Malaysia which has been making news for all the right reasons. The timber and property development company has been looking to diversify its income stream to mitigate any shortfall in earnings as the market for property development activities is rather slow currently.

Last week, Anzo announced that CSTME Resources Sdn Bhd, which has an AP (approved permit) license has emerged as a substantial shareholder in the company with 11.621 per cent stake. Before that Anzo announced that it had secured a RM1.3 billion deal to supply copper scrap to a South Korean group. All these good news should explain why the stock has been active.

Anzo is expected to have guaranteed payment over 40 months, which is the duration of the contract with the Korean group. This will augur well for the company to perform better. Hopefully by the time the contract ends within the next three years, Anzo would have secured a new contract or it may also possibly extend the contract with the South Korean group. 

Meanwhile, CSTME, incorporated in 2014, is one of the major importer and exporter of non-ferrous materials in Malaysia which specialized mainly in copper products. Last week Anzo, its subsidiaries and CSTME inked an agreement to supply copper scrap to the South Korean group. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo over 40 months.  

Anzo told the stock exchange it will supply up to 60,000 metric tonnes of copper scrap to CSTME at RM23,000 per metric tonne during the contract period.CSTME said it will buy the products from Anzo and export them to South Korea, effective July 1. Anzo said this deal is expected to strengthen its trading business for sustainable earnings in a long period.

The deal will also create business opportunities in the international export market for Anzo, which has been looking to diversify its income stream as its current business that includes property development has not been doing so well because of weak market conditions.



Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia | Hey guys! Anzo Holdings Bhd announced that CSTME Resources Sdn Bhd, which has an AP (approved permit) license has emerged as a substantial shareholder in the company with 11.621 per cent stake. That could explain the reason why the stock has been trading at high volume this month, hitting almost 400 million.

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

The analyst said large funds from China have also been buying Anzo shares. "Now that Anzo has a big project in hand they are certainly going to attract global fund managers," he said. Anzo was the third most actively traded stock on Bursa Malaysia. Some 216.4 million shares were traded. The stock closed 14.5 sen today, the highest in three years.  

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

Analysts whom we spoke to, and who wished to remain anonymous as they are not authorised to speak, said that the stock has the potential to do better in the coming months, thanks to a RM1.3 billion contract it recently secured with a South Korean group. "That could be another reason why the stock has been active. Anzo is expected to have guaranteed payment over 40 months, which is the duration of the contract.".

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

This will augur well for the company to perform better. Hopefully by the time the contract ends within the next three years, Anzo would have secured a new contract or it may also possibly extend the contract with the South Korean group," he said. The analyst also believes that Anzo may attract new shareholders as they look at the potential upside of the company. Meanwhile, CSTME, incorporated in 2014, is one of the major importer and exporter of non-ferrous materials in Malaysia which specialized mainly in copper products.

Last week Anzo, its subsidiaries and CSTME inked an agreement to supply copper scrap to a large group in South Korea. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo over 40 months. Anzo told the stock exchange it will supply up to 60,000 metric tonnes of copper scrap to CSTME at RM23,000 per metric tonne during the contract period.

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

CSTME said it will buy the products from Anzo and export them to South Korea, effective July 1st. Anzo said this deal is expected to strengthen its trading business for sustainable earnings in a long period. The deal will also create business opportunities in the international export market for Anzo, which has been looking to diversify its income stream as its current business that includes property development has not been doing so well because of weak market conditions.

June 29, 2020

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia


Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia | Hey guys! Anzo Holdings Bhd announced that CSTME Resources Sdn Bhd, which has an AP (approved permit) license has emerged as a substantial shareholder in the company with 11.621 per cent stake. That could explain the reason why the stock has been trading at high volume this month, hitting almost 400 million.

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

The analyst said large funds from China have also been buying Anzo shares. "Now that Anzo has a big project in hand they are certainly going to attract global fund managers," he said. Anzo was the third most actively traded stock on Bursa Malaysia. Some 216.4 million shares were traded. The stock closed 14.5 sen today, the highest in three years.  

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

Analysts whom we spoke to, and who wished to remain anonymous as they are not authorised to speak, said that the stock has the potential to do better in the coming months, thanks to a RM1.3 billion contract it recently secured with a South Korean group. "That could be another reason why the stock has been active. Anzo is expected to have guaranteed payment over 40 months, which is the duration of the contract.".

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

This will augur well for the company to perform better. Hopefully by the time the contract ends within the next three years, Anzo would have secured a new contract or it may also possibly extend the contract with the South Korean group," he said. The analyst also believes that Anzo may attract new shareholders as they look at the potential upside of the company. Meanwhile, CSTME, incorporated in 2014, is one of the major importer and exporter of non-ferrous materials in Malaysia which specialized mainly in copper products.

Last week Anzo, its subsidiaries and CSTME inked an agreement to supply copper scrap to a large group in South Korea. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo over 40 months. Anzo told the stock exchange it will supply up to 60,000 metric tonnes of copper scrap to CSTME at RM23,000 per metric tonne during the contract period.

Anzo Holdings Bhd Most Actively Traded Stock on Bursa Malaysia

CSTME said it will buy the products from Anzo and export them to South Korea, effective July 1st. Anzo said this deal is expected to strengthen its trading business for sustainable earnings in a long period. The deal will also create business opportunities in the international export market for Anzo, which has been looking to diversify its income stream as its current business that includes property development has not been doing so well because of weak market conditions.