Makes Stainless Steel Fasteners.
Major Shareholder: All Star International Holdings Ltd
Tong Herr business is cyclical in nature. Nickel is one of material use in Stainless steel fasterners production. Nickel price should be higher in coming months.
See the Nickel Price Chart...
High Nickel price allow TongHerr sell its product at higher price and increase profit margin.
With RM1.2 cash per share, Tong Herr is really an attractive investment for Savvy Investor.