MCLEAN (0167): MCLEAN TECHNOLOGIES BHD heading for a better start in 2022 with new HDD customer order and oil and gas industry rebound
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It
had been a rough ride for Mclean investor for year 2021. Share price of
Mclean had saw a good 300% upswing before settling down around the
range of 30 cents.
However, what is still keeping Mclean attractive in 2022 ?
1. HDD segment continue to see better demand in enterprise cloud storage solution.
Seagate,
one of Mclean key customer had ramp up production for it's 20TB HDD
production to meet mass data growth demand. This will directly improve
key performance for Mclean
2. Mclean secured new customer with new orders for 2022
In
a report sighted, Mclean had indicate on new customer secured for it's
services in Thailand for precision cleaning and surface treatment. While
it had not indicated which customer, the established HDD player in
Thailand will be Seagate and Western Digital.
3. Revival in Oil and Gas industry
Oil
and Gas industry had call for more capital investment and ramp up
activity in order to meet the demand post covid-19, where economy had
start to normalize. The activity in cryptocurrency is also pushing more
usage in energy.
Mclean
through it's subsidiary DWZ Industries Sdn Bhd is involve in precision
cleaning and surface treatment for oil and gas customer. The higher
activity ratio in the oil and gas industry will see more demand will
contribute to DWZ Industries Sdn Bhd performance.
4. Mclean on a potential breakout with better fundamental outlook
Can Mclean make a cut above the resistant line in 2022 with better outlook from the HDD as well as O&G industry?
At the current price of RM 0.30, Mclean will definitely be a good watch out stock for year 2022.
IMPORTANT NOTICE
Please
be informed that I am not a professional or certified analyst. I am not
a licensed consultant, just a normal retail investor. I am just sharing
my ideas and opinion on the market outlook. Any company mentioned
should not be interpreted as a buy/sell/trade call. Please do your own
research and buy/sell/trade at your own risk.
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