Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
For the uninitiated, Flexidynamic is an engineering company in Malaysia that provides manufacturing solutions to the glove manufacturers. As you are aware, the company has been impacted by the downturn of glove prices, which led to lower expansion for glove manufacturers, but are things about to change now?
Looking at the announcements made by the company in the past week, there are 2 critical announcements made by the company:
- Flexidynamic received a contract from Usaha Pammmek for engineering works beyond the glove manufacturing industry, valued at RM12.4 million.
The company also saw the emergence of a new substantial shareholder, which is a very well known private equity firm - Sea Capital Holdings Sdn Bhd with 5.005% shareholding.
- The share price of Flexidynamic over the past few months is also interesting to look at. Closing to December 2023, there is a significant increase in terms of interest in Flexidynamic, which is in tandem with the recovery of the glove industry.
Fast forward to March 2024, we now see Flexidynamic winning more contracts to concrete their financial numbers, the emergence of this private equity firm is also a very good sign for us now, especially where the prices of the company had retraced in the past week.
Should you look into Flexidynamic NOW? With the reasoning above, I think the answer should be a resounding YES.
