|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Rubberex Corp (M) Bhd is principally involved in an investment holding. The company through its subsidiaries manufactures and sells rubber gloves. The company offers a wide range of industrial and safety gloves, nitrile gloves, household rubber gloves and disposable vinyl and nitrile gloves. It operates in three principal geographical areas - Europe, North and South America, Asia and rest of the world. Europe contributes the vast majority of total revenue.
  skcm2017 Covid 19 World Cases: +1,305,443 (- 2 Days) +1,644,114 (- 1 Day) +1,829,610 (Now-Today) - records again, expected going to be worsen in 2022 31/12/2021 9:40 AM Justin Tan Omicron surge is 'unlike anything we've ever seen,' expert says An unprecedented spike in Covid-19 cases fueled by the fast-moving Omicron variant is crushing hospitals across the United States, with doctors describing packed emergency rooms as health experts implore New Year's Eve revelers to keep parties small and outdoors to help avert an even worse surge. "It's unlike anything we've ever seen, even at the peak of the prior surges of Covid," Dr. James Phillips, who works in Washington, DC, said Wednesday, when the nation hit a new pandemic high of 300,886 average new daily cases over the prior week, according to Johns Hopkins University data. "What we're experiencing right now is an absolute overwhelming of the emergency departments" in Washington, Phillips, chief of disaster medicine at George Washington University Hospital, told CNN's Jim Acosta. https://edition.cnn.com/2021/12/30/health/us-coronavirus-thursday/index.html 31/12/2021 1:02 PM Justin Tan WHO warns new Covid variants could emerge that are fully resistant to vaccines as pandemic drags on The World Health Organization warned Wednesday that new coronavirus variants could emerge during the pandemic that render the current vaccines useless. “As this pandemic drags on, it’s possible that new variants could evade our countermeasures and become fully resistant to current vaccines or past infection, necessitating vaccine adaptations,” WHO Director-General Tedros Adhanom Ghebreyesus said at a press conference in Geneva. Tedros sounded that alarm as Covid cases hit record highs in many nations, including in the U.S. The latest surge, coming more than 21 months after WHO first declared Covid a pandemic, is fueled by the spread of the new and highly transmissible omicron variant. Reactionary political movements fostered vaccine inequity and “created the ideal conditions for the emergence of new variants,” he said. https://www.cnbc.com/2021/12/29/who-warns-vaccine-resistant-covid-variants-could-emerge-amid-pandemic.html 31/12/2021 1:08 PM Justin Tan The UK has reported 189,213 new COVID-19 cases in the latest 24-hour period - a fresh record high in the pandemic, according to government data. A further 332 people have died within 28 days of a positive coronavirus test, the highest figure since 2 March this year - but it includes a backlog of fatality numbers that were not fully reported during the festive period. https://news.sky.com/story/covid-19-deaths-highest-since-march-as-record-189-213-daily-cases-reported-12506345 31/12/2021 2:22 PM spider68 24 Dec 2021 TG RM2.19 -> 31 Dec 2021 RM2.59 + 18.26% 24 Dec 2021 RB RM0.515 -> 31 Dec 2021 RM0.52 + 0.97% Later, If TG drop, RB will become champion to drop even further than TG. RB = the most CB glove stock ever. 31/12/2021 5:15 PM skcm2017 from the glove the reporting year 2021, the usage of gloves is up, 25%-30% increase https://internationalgloveassociation.org/ 03/01/2022 12:56 PM M55555 With Dividend + Special Div if any . break even after 10 years holding. But without paying dividend , spend on shopping mall. Probably need to hold for another 20 years 04/01/2022 10:12 AM skcm2017 Hahahaha.. somebody said 10 years, 15 years and 20 years.. longkang again.. 04/01/2022 12:42 PM skcm2017 More than 100,000 people in the US are currently hospitalized with Covid-19, data shows hospitalization sours in most of the hospitals globally. Gloves usage up... https://internationalgloveassociation.org/ 04/01/2022 5:00 PM Justin Tan The U.S. has reported a record single-day number of daily Covid cases, with more than 1 million new infections. A total of 1,082,549 new coronavirus cases were reported Monday, according to data compiled by Johns Hopkins University, as the highly infectious omicron variant continues to spread throughout the country and beyond. The U.S. also has the highest seven-day average of daily new cases in any country tracked by Johns Hopkins. https://www.cnbc.com/2022/01/04/us-counts-over-1-million-new-daily-covid-cases-in-global-record-.html 04/01/2022 10:29 PM Justin Tan France detects new COVID-19 variant 'IHU', more infectious than Omicron: All we know about it The new variant — B.1.640.2 — which has been detected in 12 patients near Marseille, contains 46 mutations, making it more resistant to vaccines and infectious • Researchers say that it contains 46 mutations — even more than Omicron — which makes it more resistant to vaccines and infectious. • Some 12 cases have been spotted so far near Marseille, with the first linked to travel to the African country Cameroon. • Tests show the strain carries the N501Y mutation — first seen on the Alpha variant — that experts believe can make it more transmissible • According to the scientists, it also carries the E484K mutation, which could mean that the IHU variant will be more resistant to vaccines. • It is yet to be spotted in other countries or labelled a variant under investigation by the World Health Organization. https://www.firstpost.com/health/france-detects-new-covid-19-variant-ihu-more-infectious-than-omicron-all-we-know-about-it-10256521.html 04/01/2022 10:30 PM Justin Tan French scientists discover new mutant Covid variant which could be more resistant to vaccines Alarm bells are ringing after a new Covid variant was detected in France, with a renowned health expert pointing out a “worrying” sign. The medical world is on alert yet again after a new mutant Covid-19 variant emerged in France recently. The new strain, dubbed “variant IHU” or B. 1.640.2, was first detected in the nation last month, but is now making international headlines after catching the attention of global experts. At least 12 cases were confirmed near the Marseilles area, and it is understood that many of those patients were hospitalised with the illness. Variant IHU, which is believed to be linked with travel to the African nation of Cameroon, has 46 mutations which experts fear could mean it is more resistant to existing vaccines. However, on a more positive note, the new strain does not appear to be spreading rapidly. https://www.news.com.au/technology/science/french-scientists-discover-new-mutant-covid-variant-which-could-be-more-resistant-to-vaccines/news-story/3f0f3dd255130ce57d68cde9292a94d6 05/01/2022 2:01 PM spider68 It would appear that Rubberex -> 1) Is the undisputed champion glove laggard 2) Climbs like a turtle but dives like a lemming 3) Other glove stocks use their cash reserve to pay out dividends to benefit their shareholders, Rubberex use them to buy a stalled project to benefit ....... ?????? 05/01/2022 3:55 PM  kevinobc https://www.france24.com/en/live-news/20220106-calling-omicron-mild-a-mistake-warns-who 07/01/2022 9:09 AM 8dragon This counter will never break 0.70 for the rest of the year anymore. With big cash in hand but never declare dividend for their investors....CEO is trying to run away with the money may be... 09/01/2022 9:55 AM skcm2017 Scientists Identify Coronavirus Strain In Cyprus—‘Deltacron’—That Blends Delta And Omicron https://www.forbes.com/sites/lisakim/2022/01/08/scientists-identify-coronavirus-strain-in-cyprus-that-blends-delta-and-omicron/?sh=707059a2a59f 10/01/2022 12:43 AM kevinobc https://www.theedgemarkets.com/article/cyprus-discovers-covid-variant-combines-omicron-and-delta-report 10/01/2022 10:33 AM kevinobc https://www.nytimes.com/live/2022/01/09/world/omicron-covid-vaccine-tests 10/01/2022 10:40 AM Plantermen Nobody can predict the future..... But for commercial property investment and new shopping mall it really needs a long time to mature & recover back to its hey day { before the pandemic outbreak} . Look at the overhang supply and gluts of incoming bigger malls in the klang Valley. Empire City at Damansara is facing multiple challenges. 11/01/2022 4:50 PM skcm2017 Today mark +3,037,385 (over 3mil cases per day) and the critical cases and death go higher day-by-day 13/01/2022 8:45 AM skcm2017 New highly infectious Omicron sub-variant cases were identified in Israel and UK. But the UK daily Express cites a report in the Business Standard that claims that this variant contains more mutations than Omicron and that it may be more violent. Israel's state media Kan reported that the sub-variant has also been observed in Denmark, Australia, Canada, China, India, and Singapore, which suspected originated from India. 19/01/2022 12:29 AM Jonathan Keung Omicron not necessary positive for rubberex. Company facing intense competition from local big boys glove factory that ramp up their production the past 2 years. China gloves manufacturers are chipping at the low end of the market { rubber and non medical sector } driving down prices 19/01/2022 12:10 PM Johnzhang The serious overcapacity issue which eventually lead to cut throat product pricing can not be ignored. 19/01/2022 1:11 PM M55555 But we have shopping mall now... and rubberex also make condom right.. Shopping mall and condom are recovery biz..... 19/01/2022 2:28 PM  pineapple123 overcapacity of gloves ? Still need gloves right ? How long the rubber producer signed the contract with their clients? how much they valued? How much is the profit and growth despite the price of the gloves are down? 19/01/2022 3:17 PM Plantermen Last year 1,000 pcs of non medical gloves selling betw 75- 85 USD. Current spot prices for gloves FOB at around USD 35-40 19/01/2022 4:08 PM skcm2017 The antibodies created from a fourth COVID-19 vaccine were “probably not enough for the omicron,” said Gili Regev-Yochay, director of Sheba Medical Center’s Infectious Diseases Unit, from a clinical study. The European Medicines Agency warned that too many COVID-19 vaccine booster shots too soon could hurt our immune system, which could make us more vulnerable to different types of sicknes 19/01/2022 7:26 PM M55555 Making profit almost 10folds last 2 years but did not give out div to shareholders. 20/01/2022 9:54 AM Plantermen What's worrying Rubbrex Board holding 240 Million cash never paid out a single sen to thier minorities suffering shareholders {unlike TGlove, Supermax, Kossan or Harta} . when they are making big profit in the last 2 years. Instead they buy into the uncompleted mall for 181 Million { a 20% stake in the Empire City Mall} looks like Rubbrex may increased further their stake to complete the Mall. The Shopping mall project is one part of the Mamorth Empire Damansara development. For equity accounting Rubbrex need to upp their stake....but unless they raise additional funds thru private placement or rights etc 20/01/2022 1:14 PM skcm2017 What is ‘stealth Omicron’? The rise of the subvariant is alarming some scientists who say it needs its own Greek letter https://fortune.com/2022/01/21/what-is-stealth-omicron-new-covid-variant-substrain-denmark/ 23/01/2022 11:59 PM  | |
