Highlights
Social Forum >> Forum Thread
Last Price Today's Change   Day's Range   Trading Volume
0.235   0.00 (0.00%)  0.00 - 0.00  0
6,724 comment(s). Last comment by anaktimurlaut at Jan 18, 2021 12:57 PM
Like
 7 people like this.
 
 Post Reply   Back  

kfliau
989 posts

Posted by kfliau > Nov 16, 2020 1:22 PM | Report Abuse

It's mind boggling for Gets to rise from 9 cents to 4.02 today by merely announcing intention to diversify into Glove. I don't see why Salcon can go South upon announcing acquisition of an existing Glove company. Your patience will definitely be rewarded


Kabana1956
135 posts

Posted by Kabana1956 > Nov 16, 2020 2:25 PM | Report Abuse

Yeah true. Normally when those uncles kompang, they want to sell already.. same trick, different counters


roshazli
183 posts

Posted by roshazli > Nov 16, 2020 3:31 PM | Report Abuse

Covid-19 vaccine dampens sentiment on glove counters in morning trade
KUALA LUMPUR (Nov 16): Glove stocks were headed lower in Bursa Malaysia's morning trading session today due to the news flow of Covid-19 vaccine progress, which dampened sentiment on the counters.
As at the time of writing, glove stocks were among the top losers today. At 11.53am, Hartalega Holdings Bhd, being the second top loser, was down 4.29% or 66 sen at RM14.72, bringing its market capitalisation lower to RM50.54 billion. It saw some 2.78 million shares traded.
In the fourth place was Supermax Corp Bhd, which fell 5.24% or 46 sen to RM8.32, with a market value of RM22.72 billion.
More than seven months after the World Health Organization (WHO) declared the Covid-19 outbreak in China a “public health emergency of international concern”, the global economy continues to reel from the impact of the virus.
Meanwhile, Top Glove Corp Bhd, which bought back 8.94 million or 0.72% of its shares for RM69.9 million in the open market last Friday, dropped 3.98% or 31 sen to RM7.47, valuing the stock at RM61.47 billion. The counter was the seventh biggest loser as at the time of writing.
The smaller players were also not spared from the selling pressure. Kossan Rubber Industries Bhd lost 4.2% or 28 sen to RM6.38, Careplus Group Bhd fell 6.58% or 20 sen to RM2.84, and Comfort Gloves Bhd shed 4.71% or 19 sen to RM3.84.
The Healthcare Index was dragged down by the glove stocks, declining by 1.75% or 69.68 points to 3,921.47.
Last week, Pfizer and its German partner BioNTech announced that their experimental Covid-19 vaccine was more than 90% effective with no serious safety concerns based on initial trial results.
They also estimated that they can roll out up to 50 million doses this year for 25 million people and produce 1.3 billion doses in 2021.


roshazli
183 posts

Posted by roshazli > Nov 16, 2020 3:31 PM | Report Abuse

Govt has communicated with 10 Covid-19 vaccine producers, says Khairy
KUALA LUMPUR (Nov 16): The government has communicated with 10 Covid-19 vaccine producers following a notification by the World Health Organization (WHO) that there are 11 Covid-19 vaccine candidates in phase 3 clinical trial (as of Nov 13).
Science, Technology and Innovation Minister Khairy Jamaluddin said communications with eight of the producers was made directly, while the other two was through the Covid-19 Vaccine Global Access Facility (COVAX).
He said some of the discussions are in the final stage and an official announcement would be made when everything has been finalised.
“The discussion covers aspects of cooperation in various stages of vaccine development such as R&D (research and development), exchange of scientists, fill and finish development (transfer of technology, logistics, cold chain), including the purchase of vaccines (finished products) as a guarantee of access to vaccine supply for the country," he said during the questions for oral answers session in the Dewan Rakyat today.
He was responding to a question from Chan Foong Hin (Pakatan Harapan-Kota Kinabalu) who wanted to know whether the ministry had made any order to import vaccines from companies from China, such as Cansino, Sinovac and Sinopharm, or the UK, such as AstraZeneca, and whether the ministry would set the order of priority for Covid-19 vaccination as being done in Indonesia.
Khairy said through participation in COVAX, Malaysia would have access to the supply of Covid-19 vaccine of 10% of the country's population and the government was working to get another 60% to meet the national immunisation target for herd immunity to up to 70 per cent of the country's population.
The government, he said, was also working to get vaccine access as early as the first or second quarter of next year depending on the approval from the National Pharmaceutical Regulatory Agency (NPRA).
He said the NPRA will ensure that a vaccine passes the stipulated strict conditions, covering its safety and effectiveness through data on the clinical trial that was conducted.
Meanwhile, on the list of immunisation priorities, Khairy said the Special Committee on Covid-19 Vaccine Supply Access (JKJAV), set up on Oct 14 , had agreed to divide it into three groups, namely the frontliners, involving staff of the Ministry of Health (MoH) and agencies not under the MoH, such as the police, the Malaysian Armed Forces, Immigration Department and others, in the first group.
The second is for high-risk groups, such as individuals with co-morbid and seniors citizens, and the third involves other adult population.
Details of the groups are being made and the announcement is expected to be made during the first quarter of next year.


Richmore
106 posts

Posted by Richmore > Nov 16, 2020 3:48 PM | Report Abuse

Vaccine same old story. Even next year same story will will be recycled. 93% effective not good enough.


WVB 68
161 posts

Posted by WVB 68 > Nov 16, 2020 3:56 PM | Report Abuse

Salcon is glove stock so waiting glove counter rebound then shoot it


whizzkid
1067 posts

Posted by whizzkid > Nov 16, 2020 4:21 PM | Report Abuse

will be up tomorrow...based on the previous patterns


Sharegod88
299 posts

Posted by Sharegod88 > Nov 16, 2020 4:28 PM | Report Abuse

tomoro limit up?


Muazharees
8 posts

Posted by Muazharees > Nov 16, 2020 5:15 PM | Report Abuse

Shit...


RMSB
239 posts

Posted by RMSB > Nov 16, 2020 5:21 PM | Report Abuse

Sayonara


Pershing
213 posts

Posted by Pershing > Nov 16, 2020 5:53 PM | Report Abuse

With this acquisition Salcon can immediately ride the business with minimal risks and can have better option to assess situation on expansion before spending more millions;

1. The transaction are genuine and honest
2. Salcon not a goreng stock/management
3. Very low risk for company to diversify and venture to
gloves.
4. Very good acquisition indeed
Spend only RM29M for controlling stake
Ready and workable factory
Mature and skillful factory so expanding is not a
problems
5. The company and the management are expert in
gloves business and providing consultancy
and setting up gloves factory worldwide
6. Own expertise to expand factory capacity. This alone
will save company millions in consultancy and
construction.
7. RM10M profit guarantee after tax will have big impact
on Salcon (51% Salcon)
8. Producing Latex examination, surgical gloves, Nitrile
gloves with FDA approval will save time.
8. Already has existing clients (critical success factor)
so will be better then many new startup
9. Small shares issue, price has not gone up much and
being very long in downtrend/consolidation mode.
10. Water is raising industry with big potential especially
in Selangor where Salcon has very good business
connection and proven track records. Soon
government and rakyat has to realise they got to pay
more for uninterrupted quality water supply.


whizzkid
1067 posts

Posted by whizzkid > Nov 16, 2020 6:08 PM | Report Abuse

no need to worry...I've been monitoring this stocks for months...the same pattern...down..then up, then down again...sideways....last week's was not even the highest...last month's was higher...chill and relax.


bulldog
7318 posts

Posted by bulldog > Nov 16, 2020 6:50 PM | Report Abuse

Bulldog take another position@32.5

Huat chaiii


Heng999
94 posts

Posted by Heng999 > Nov 16, 2020 8:02 PM | Report Abuse

336m piece per year =10m profit guarantee
3.05b piece per year =???


sheep
3571 posts

Posted by sheep > Nov 16, 2020 9:09 PM | Report Abuse

Most likely will need egm and shareholders approval as its a diversification of
business ...
So gonna wait at least four months .....

Salcon wishes to furnish the following additional information as requested by Bursa Malaysia
Securities Berhad via its letter dated 13 November 2020:
1. Whether shareholders’ approval will be sought for Salcon Berhad’s diversification
into the glove business pursuant to Paragraph 10.13 of the Main Market Listing
Requirements.
The Company take cognizance of Paragraph 10.13 of the Main Market Listing
Requirements and would assess the requirements pursuant to Paragraph 10.13 of the Main Market Listing Requirements on the diversification into the glove business. The Company would seek shareholder’s approval in the future when the Company is expected to trigger the threshold of Paragraph 10.13 of the Listing Requirements.

2. The total capital and investment outlay to be incurred by JREMT for the additional
12 production line (“Expansion”), its sources of funding (including the
breakdown) and to quantify the portion to be borne by Salcon Berhad and/or
NJSB.
The proposed funding for the additional 12 production lines is to be financed by the mix of the bank borrowings to be raised by JREMT and the shareholders advances
proportionately to its shareholdings. The quantum of the shareholders advances is only to be determined after the finalisation of bank borrowings.
.
3. The current production capacity and output of JREMT and the expected
production capacity and output after the Expansion.
The current production and output capacity of JREMT is 336 million pieces per year and the expected production and output capacity after the expansion is 3.05 billion pieces annually.

This announcement is dated 16 November 2020

Will queue buy at 0.25...wakakaka


ruhaizat69
416 posts

Posted by ruhaizat69 > Nov 16, 2020 10:06 PM | Report Abuse

Run


Andrew Lee Long Sern
7 posts

Posted by Andrew Lee Long Sern > Nov 16, 2020 10:42 PM | Report Abuse

The plunge of gloves counter on last Monday will repeat itself tomorrow. Waiting for the price to drop down more and collect tomorrow.


kahsoon888
633 posts

Posted by kahsoon888 > Nov 16, 2020 10:49 PM | Report Abuse

Vaccine sudah Nak keluar..Apa lagi Nak invest glove..


tsk123
125 posts

Posted by tsk123 > Nov 17, 2020 7:45 AM | Report Abuse

will rebound today..


kfliau
989 posts

Posted by kfliau > Nov 17, 2020 9:18 AM | Report Abuse

Blood bath across Glove board


sheep
3571 posts

Posted by sheep > Nov 17, 2020 10:08 AM | Report Abuse

Game over for glove stocks....time to jump into vaccine wagons...


GorengHealthcare
421 posts

Posted by GorengHealthcare > Nov 17, 2020 10:15 AM | Report Abuse

Feel like many retailers kena conned with Salcon and Luster....

But what to do. Name also sal-con


Anisdesanika
265 posts

Posted by Anisdesanika > Nov 17, 2020 10:16 AM | Report Abuse

Buy on rumours,sell on news.


hunterrrrr
171 posts

Posted by hunterrrrr > Nov 17, 2020 10:18 AM | Report Abuse

get in..rebound..salcon follow glove trend now..


Arthur546
260 posts

Posted by Arthur546 > Nov 17, 2020 10:50 AM | Report Abuse

hopefully


CUTLOST
3291 posts

Posted by CUTLOST > Nov 17, 2020 11:16 AM | Report Abuse

Back to 20cts soon


kfliau
989 posts

Posted by kfliau > Nov 17, 2020 11:33 AM | Report Abuse

All weak holders should have been wiped out by now. Latest tomorrow will see strong rebound.


kfliau
989 posts

Posted by kfliau > Nov 17, 2020 12:18 PM | Report Abuse

This operator really thirsty for blood


kfliau
989 posts

Posted by kfliau > Nov 17, 2020 1:49 PM | Report Abuse

Whizzkid Where are you?


bulldog
7318 posts

Posted by bulldog > Nov 17, 2020 1:50 PM | Report Abuse

Bulldog accumulate at 29

Huat chaiii


kahsoon888
633 posts

Posted by kahsoon888 > Nov 17, 2020 2:18 PM | Report Abuse

Rubbish stock


Muazharees
8 posts

Posted by Muazharees > Nov 17, 2020 2:29 PM | Report Abuse

S*AL-con..


hunterrrrr
171 posts

Posted by hunterrrrr > Nov 17, 2020 3:53 PM | Report Abuse

hhahaha where AT supporters..kyy already sold his shares..wkwkw..trap


Heng999
94 posts

Posted by Heng999 > Nov 17, 2020 4:09 PM | Report Abuse

AT supporters go longkang already


kfliau
989 posts

Posted by kfliau > Nov 17, 2020 5:02 PM | Report Abuse

Ripe for rebound tomorrow


Angelicious9
21 posts

Posted by Angelicious9 > Nov 17, 2020 5:11 PM | Report Abuse

Yup. Technically looks good.


chinaman
1784 posts

Posted by chinaman > Nov 17, 2020 7:03 PM | Report Abuse

am still holding tight this cina apek co of course, its new glove JR eng. acquisition instantly revenue enhancing vs AT, or Mah Sing still at fancy level. cina ah pek always diam diam ubi berisi ma. not kompang like ah pu nei nei ma.


ruhaizat69
416 posts

Posted by ruhaizat69 > Nov 17, 2020 8:22 PM | Report Abuse

Run


Legend
2176 posts

Posted by Legend > Nov 17, 2020 9:13 PM | Report Abuse

Esok kasi up satu kali...


nasrulfahmi
421 posts

Posted by nasrulfahmi > Nov 17, 2020 9:22 PM | Report Abuse

iya iya...up up


BigZakar
75 posts

Posted by BigZakar > Nov 17, 2020 10:14 PM | Report Abuse

my TP 70cents........


bulldog
7318 posts

Posted by bulldog > Nov 17, 2020 10:43 PM | Report Abuse

Tomorrow gap up?

Huat chaii


Legend
2176 posts

Posted by Legend > Nov 17, 2020 10:44 PM | Report Abuse

Wow...ini macam muka manyak senyum la.


koowakzai
155 posts

Posted by koowakzai > Nov 17, 2020 11:55 PM | Report Abuse

Are u the one create rumours ? Lol


Will188
446 posts

Posted by Will188 > Nov 18, 2020 1:01 AM | Report Abuse

OK all in when dreaming tP1


MoneyHeist
406 posts

Posted by MoneyHeist > Nov 18, 2020 7:54 AM | Report Abuse

Today AT’s investor will come to Salcon! Limit up


cutecutepanda
151 posts

Posted by cutecutepanda > Nov 18, 2020 8:53 AM | Report Abuse

TP 1? like this i all in. H9E


Jokers2020
1128 posts

Posted by Jokers2020 > Nov 18, 2020 9:23 AM | Report Abuse

really ka..tp 1.00 ,i also hear remisier saying..how true we see later..maybe 1 month time


ruhaizat69
416 posts

Posted by ruhaizat69 > Nov 18, 2020 9:27 AM | Report Abuse

Run


cutecutepanda
151 posts

Posted by cutecutepanda > Nov 18, 2020 9:30 AM | Report Abuse

i dun believe, TP should be RM 3

 Post Reply   Back  
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

2094 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 1.890.00 
 KOTRA 2.900.00 
 UCREST 0.1450.00 
 PUC 0.1450.00 
 WILLOW 0.440.00 
 EAH-WE 0.0150.00 
 IRIS 0.4050.00 
 TOPGLOV-C79 0.0650.00 
 BTECH 0.4950.00 
 3A 0.8350.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS