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KLSE: RUBEREX       RUBBEREX CORP (M) BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.46 0.67     +0.21 (45.65%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
No Price Target available for this stock.





  3 people like this.
 
riko r.i.p
20/11/2017 9:42 PM
riko r.i.p again for bai bai abcd and poison
21/11/2017 6:08 PM
Sebastian Sted Power price lower than private placement liao
24/11/2017 8:36 AM
ktsk88 PN17?...............don't made me laugh.......then MBM is blind for taking up the RI assuming at 0.70s......that is about 16mil ringgit.
24/11/2017 12:46 PM
Cnlim If your q is done it will go to 0.30
24/11/2017 5:25 PM
riko 1m again ... R.I.P.
29/11/2017 6:59 PM
AsiaEquityResearch https://klse.i3investor.com/blogs/asiaequityresearch/140482.jsp
05/12/2017 3:41 PM
InvestKLSE88 Rubberex double bottom formation? Time to move up. Bought some today.
20/12/2017 4:06 PM
InvestKLSE88 1st target 75 sen.
20/12/2017 9:24 PM
riko ABCD WAITING FOR DIVIDEND... PITY ... 1C PUN WANT
16/01/2018 10:40 PM
riko wah ... up up kuat ... 0.05c
17/01/2018 9:19 PM
Jolin Lai Chi Pet it is time to collect on weakness......... TP 80cents in 3 months!!!!!!!
19/01/2018 1:32 PM
Jolin Lai Chi Pet lower than last year private placement price, worth to buy now!!!!!!!!
19/01/2018 1:45 PM
riko old management , old technology , old thinking ... old lagi apa ... ???
it will down to between 0.4-0.5 ... abcd/mancingbursa die hard for this "undervalue" counter.

R.I.P ... I will see you guys at "overvalue" Comfort counter.
20/01/2018 12:16 PM
Jolin Lai Chi Pet now u can see the truth.................tp 80 above
25/01/2018 12:24 PM
bf70 Mani come spotted.
30/01/2018 12:00 AM
RiceNoodle what is happening. Sharks Pushing down to collect cheap ticket???
20/02/2018 6:50 PM
riko walao eh .... bai bai and abcd hoseh liao.
20/02/2018 11:03 PM
RiceNoodle Personally I feel it's an opportunity to collect at such low price. It should reach 0.68-0.70 level when whole market getting healthier
21/02/2018 11:20 AM
stteck almost 60%-70% of operation result is from China. China factory is facing problem of over capacity, be watchful on this for any potential impairment threats
22/02/2018 9:52 AM
madguy why today rocket ?? topglove wan to buy it ??

i think topglove and eat up this company
26/02/2018 3:41 PM
chunwei94 kasi push.haha
27/02/2018 11:05 AM
Kenneth Lim where is the annoucement??/?where
27/02/2018 12:46 PM
chunwei94 no volume dy. i m out.haha.
27/02/2018 4:05 PM
Jolin Lai Chi Pet bought at 63 cents............and wait for the news
28/02/2018 1:09 PM
Jolin Lai Chi Pet limit up on the way..................
12/03/2018 12:20 PM
Jeffreyteck Est TP 50, lower Q~Q profit despite higher revenue, lower NTA amid additional new issues, intense competition, and poor market sentiment. Afraid it may register a loss in the near future if nothing has been done.
23/03/2018 7:51 AM
Jolin Lai Chi Pet time to buy this stock!!!!!!!!!!fat dividend coming...............
03/08/2018 12:08 PM
ktsk88 Posted by abcb > Aug 8, 2018 05:24 PM | Report Abuse

Med-Bumikar Mara Sdn Bhd subscribed all 10% private placement of 22.92 million shares at RM0.70 per share

Current price now only RM0.595,pls comment do you think they are really smart or stupid?
This smart company always very famous buy high and sell low in the open market


I am with you on this .......their foresights is very bad. They as biggest shareholder's can't even exert their influence on the Board and company level to bring and create values to shareholders and investors.

And at the first place their presence didn't even have anything to do with gloves/rubber industries.
09/08/2018 8:53 AM
Jolin Lai Chi Pet limit up on the way!!!!!!!!!!!!
09/08/2018 12:29 PM
barubelajaq yr limit up really??? hehe
10/08/2018 11:21 AM
Jolin Lai Chi Pet year tp Rm1.................guarantee
13/08/2018 12:54 PM
barubelajaq ok tq. all counter you in limit up???
13/08/2018 3:51 PM
Jolin Lai Chi Pet maybe limit after lunch break...................
15/08/2018 12:58 PM
Jolin Lai Chi Pet limit up!!!!!!
15/08/2018 12:58 PM
michaelwong Are you in Disneyland having your wonderful sweet dreams ? Better give four empat ekor number at least stand a better chance to strike than hoping for the limit up.
15/08/2018 1:03 PM
barubelajaq time to let go?? no sign of any limit up happening here
15/08/2018 3:38 PM
barubelajaq wow really??? so bonus question....KCL and JLCP got any connection???
15/08/2018 5:23 PM
Jolin Lai Chi Pet very big chance to limit up today............
16/08/2018 10:33 AM
Lim Tek Wai Lets make it happen, keep on buying ! Slowly but surely yeah
17/08/2018 11:31 AM
Jolin Lai Chi Pet will hit 75 cents soon...............
17/08/2018 12:42 PM
Jordan Khoo Wow! earn more again! good stock, i have earned a lot to pay my bills.
20/08/2018 11:36 AM
YgAriff I am going to buy this counter bit by bit.
17/09/2018 11:04 AM
freddiehero mayb good idea
17/09/2018 11:52 AM
Jolin Lai Chi Pet very high chances.............b'cos rubberex got very big production plant in malaysia and also china
26/10/2018 12:55 PM
William Tan The plant in China will close and shift back to ipoh you don't know?
01/11/2018 5:43 PM
yiniugongxiong RUBEREX 7803 QUARTERLY REPORT 30 SEPT 2018
http://yiniugongxiong.blogspot.com/2018/11/ruberex-7803-quarterly-report-30-sept.html
27/11/2018 7:50 PM
Jeffreyteck Disposal of China investment at a loss. TP35.
03/01/2019 7:35 AM
commonsense Ruberex is the cheapest nitrile glove manufacturing company in Malaysia with a PE multiple of only 8.5x (using 12 months profit to shareholder). However, please take note that their production output is really small compared to other glove makers with capacity output of only 1.5bil pieces annually vs Kossan (smallest among the top 4) of around 25bil pieces annually. With the small capacity there is a limit to the type of clients that the company can approach mainly due to its higher per unit cost compared to other bigger players, which limit the company’s ability to compete on pricing.

In terms of financials, it seems that the company earnings peaked back in FY16 with PAT of RM21mil. In FY17 profit fell to only RM13.3mi and in FY18, the company is expected to only able to reach a profit of around RM10mil. At the current price, the PE valuation is actually at 11.5x which is still not that expensive vs the gloves industry average. However, it is still to be seen if the company can record any growth in FY19 given that all the big players are expected to bring in new capacity supply this year (almost 20bil pieces per year of new capacity combined). All gloves maker might need to compete in terms of pricing to attract new customers to fill in their now bigger capacity and in general the one that usually lose out are the smaller players.

The company has actually a quite strong balance sheet with only RM 49.7mil debt vs a cash reserve of RM23.6mil. This brings the total net gearing to only 9.5%. The company can easily expend its capacity or undertake any new project by taking more debt in the future. In addition, the companies also have shown abilities to generate very good cash flow from its operation (almost RM30mil in 9m18).

If you are looking to diversify your portfolio outside of Rubberex (due to its weak earnings growth outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
17/01/2019 12:13 PM
yiniugongxiong Post removed. Why?
26/02/2019 8:15 PM


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