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Copper Prices Soar which Listed Company will Benefited?
Copper prices continue to soar, $TAWIN (7097.MY)$ continues to rise ?
Recently, as Chile closed its borders due to the epidemic, copper prices continued to rise. Among local listed companies, $TAWIN (7097.MY)$ is considered to be one of the top 3 copper wire companies (the company is involved in the production of copper rods and copper wires, and is also involved in copper recycling business), so this time $TAWIN (7097.MY)$ is likely to benefit from it!
In addition, we have recently seen $TAWIN (7097.MY)$ cooperate with Aptiv Global Operations Limited ("APTIV"), which serves 23 of the world's top 25 automotive OEM companies. The APTIV also serves BMW, GM, VW and the long-awaited TESLA..
Therefore, the editor believes that although the rise in copper prices is good for $TAWIN (7097.MY)$ , the future development value of TAWIN lies in the cooperation with APTIV.
In fact, if you look at the company's latest annual report, you should be able to see Cyprium Wire Technology Sdn. Bhd. ("CYPRIUM"), which the company holds 80% of the shares. This company will produce cables that meet the general ICE car and can be used by EV.. But what is special about CYPRIUM's cables?
According to the company's latest patent, CYPRIUM's technology can produce cables that can withstand 125-150 degrees of heat and has also obtained IATF 16949:2016 (a certification in the automotive field, which is much more difficult to certify than the ISO we know), and CYPRIUM has no more than 5 competitors in the Malaysian market (one of which is a Japanese company that is relatively strong, and the others are not so good), so the supply agreement signed by CYPRIUM and APTIV in the future can bring them a lot of profits~
However, the editor also learned that CYPRIUM's production line has not been completed yet - in other words, we will not see CYPRIUM's contribution to $TAWIN (7097.MY)$ in the short term. Therefore, the editor will first explain to everyone that you should not have too high expectations for profits (of course, the strengthening of copper prices in the short term may be beneficial to the company's performance)
In addition, $TAWIN (7097.MY)$ will also conduct a 1:3 additional stock ("Rights Issue") corporate event in the near future! For now, the company has not set their ex-date. However, if you want to buy this company, you have to consider the issue of future equity dilution.
Recently, as Chile closed its borders due to the epidemic, copper prices continued to rise. Among local listed companies, $TAWIN (7097.MY)$ is considered to be one of the top 3 copper wire companies (the company is involved in the production of copper rods and copper wires, and is also involved in copper recycling business), so this time $TAWIN (7097.MY)$ is likely to benefit from it!
In addition, we have recently seen $TAWIN (7097.MY)$ cooperate with Aptiv Global Operations Limited ("APTIV"), which serves 23 of the world's top 25 automotive OEM companies. The APTIV also serves BMW, GM, VW and the long-awaited TESLA..
Therefore, the editor believes that although the rise in copper prices is good for $TAWIN (7097.MY)$ , the future development value of TAWIN lies in the cooperation with APTIV.
In fact, if you look at the company's latest annual report, you should be able to see Cyprium Wire Technology Sdn. Bhd. ("CYPRIUM"), which the company holds 80% of the shares. This company will produce cables that meet the general ICE car and can be used by EV.. But what is special about CYPRIUM's cables?
According to the company's latest patent, CYPRIUM's technology can produce cables that can withstand 125-150 degrees of heat and has also obtained IATF 16949:2016 (a certification in the automotive field, which is much more difficult to certify than the ISO we know), and CYPRIUM has no more than 5 competitors in the Malaysian market (one of which is a Japanese company that is relatively strong, and the others are not so good), so the supply agreement signed by CYPRIUM and APTIV in the future can bring them a lot of profits~
However, the editor also learned that CYPRIUM's production line has not been completed yet - in other words, we will not see CYPRIUM's contribution to $TAWIN (7097.MY)$ in the short term. Therefore, the editor will first explain to everyone that you should not have too high expectations for profits (of course, the strengthening of copper prices in the short term may be beneficial to the company's performance)
In addition, $TAWIN (7097.MY)$ will also conduct a 1:3 additional stock ("Rights Issue") corporate event in the near future! For now, the company has not set their ex-date. However, if you want to buy this company, you have to consider the issue of future equity dilution.
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