Highlights
KLSE: RUBEREX (7803)       RUBBEREX CORP (M) BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.95   -0.06 (2.99%)  1.92 - 2.03  14,463,600
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Ann. Date Date Type Old New Registrar Tel. Fax Email View
05-Apr-2019 05-Apr-2019 REGISTRAR 41, JALAN MEDAN IPOH 6 BANDAR BARU MEDAN IPOH 31400 IPOH PERAK MALAYSIA UNIT 32-01, LEVEL 32, TOWER A, VERTICAL BUSINESS SUITE AVENUE 3, BANGSAR SOUTH NO. 8, JALAN KERINCHI 59200 KUALA LUMPUR WILAYAH PERSEKUTUAN MALAYSIA TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD 03 -27839299 03 -27839222 IS.ENQUIRY@MY.TRICORGLOBAL.COM View Detail
28-Dec-2005 03-Jan-2006 REGISTRAR 5, PERSIARAN GREENTOWN 8, GREENTOWN BUSINESS CENTRE 30450 IPOH, PERAK 41, JALAN MEDAN IPOH 6, BANDAR BARU MEDAN IPOH 31400 IPOH, PERAK 05-5451222 05-5459222 PFACORP@TM.NET.MY View Detail
28-Dec-2005 03-Jan-2006 REGISTERED 5, PERSIARAN GREENTOWN 8, GREENTOWN BUSINESS CENTRE 30450 IPOH, PERAK 41, JALAN MEDAN IPOH 6, BANDAR BARU MEDAN IPOH 31400 IPOH, PERAK 05-5480888 05-5459222 PFACORP@TM.NET.MY View Detail
13-Mar-2002 18-Mar-2002 REGISTERED 87B, JALAN CLARKE, 30300 IPOH, PERAK 5, PERSIARAN GREENTOWN 8, GREENTOWN BUSINESS CENTRE, 30450 IPOH, PERAK 05-2418787 05-2432397 PFACORP@TM.NET.MY View Detail
13-Mar-2002 18-Mar-2002 REGISTRAR 87B, JALAN CLARKE, 30300 IPOH, PERAK 5, PERSIARAN GREENTOWN 8, GREENTOWN BUSINESS CENTRE, 30450 IPOH, PERAK PFA REGISTRATION SERVICES SDN. BHD. 05-2432396 05-2432397 View Detail
28-Apr-2000 02-May-2000 REGISTRAR PFA REGISTRATION SERVICES SDN. BHD. 1301, LEVEL 13, UPTOWN 1 1, JALAN SS21/58 DAMANSARA UPTOWN 47400 PETALING JAYA SELANGOR DARUL EHSAN PFA REGISTRATION SERVICES SDN. BHD. 87B, JALAN CLARKE 30300 IPOH, PERAK PFA REGISTRATION SERVICES SDN. BHD. 05-2432396 05-2432397 View Detail
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  9 people like this.
 
manegto These directors are doing monkey show to trap us
27/11/2020 11:11 AM
Joyce Lee Manegto whr u saw director dump?
27/11/2020 11:12 AM
manegto Joyce lee@ i just info from my friends...mayb soon going to publish out...hopefully not true.....but seeing these monster directors dumping earlier really got no confidence with them
27/11/2020 11:23 AM
wantToEarn2cent yes, i saw them dump their share into the drain this morning..lol..relax la.. ruberex is doing genuine business, not con business, they dont need to con ppl.. if any1 already bought this counter, sit back n relax..ruberex wont go bankrupt, just be patient.
if those have no confidence on this counter, just leave it. dont touch. good luck all sifus
27/11/2020 11:32 AM
Joyce Lee Bt really weird la , the director keep dumping their shares
27/11/2020 11:49 AM
flydelta oil leaking....so weak, how to fly high? better announce into vaccine business also lah..
27/11/2020 12:25 PM
z3fthology so why the director keep dumping the share, what is their hidden agenda?
27/11/2020 12:28 PM
amet2017 Cashing out to go jalan2 once vaccine arrived.
27/11/2020 12:33 PM
Shadows Glove company is preparing for divestment and sustainability. Takkan keep going with glove plant expension will keep you rich forever.
27/11/2020 12:53 PM
koolset Surgical glove makers struggle to keep pace with booming demand.

https://klse.i3investor.com/blogs/rubberglove_y2023/2020-11-27-story-h1536646457-Surgical_glove_makers_struggle_to_keep_pace_with_booming_demand.jsp
27/11/2020 2:04 PM
jack64r Hope can finish in the green today.
27/11/2020 2:27 PM
night_shadow @wantToEarn2cent if director also not confident with his own company how to expect investors to be confident with the company huhu
27/11/2020 2:58 PM
ryanlcc @wantToEarn2cent : Thumbs up agree...

Based on my experience with rubberex, i bought in red..
i sold in Green....

director sold the share..DISCOUNT bro...
I shop already...
27/11/2020 3:40 PM
Joyce Lee Director shd set a good example , should not throw their tickets , even is just little , it will make their shareholders lose confidence , is speechless for this counter
27/11/2020 3:53 PM
jack64r Very disappointing
27/11/2020 5:25 PM
Joyce Lee Those who say just throwing little share , now having new announcement , direct % is 0 for dato ong lol
27/11/2020 5:27 PM
EdwinYap86 Director as of today has 0% shares

More bad news coming
27/11/2020 5:42 PM
EdwinYap86 Luckily I sold all my gloves in October

I'll join you guys when this counter come back to RM1

Good luck in Amsterdam guys
27/11/2020 5:43 PM
tablesalt Oh my god! Why such huge disposal from everyone? They need cash for something?
27/11/2020 5:46 PM
Joyce Lee Bt weird why director throw at such low price , they can make profit meh?
27/11/2020 5:48 PM
wallstreetrookie @Joyce they hold shares since IPO. Their average cost lower than you can never imagine. They sold at HUGE PROFITS. Penny stock become RM7.00 you think not a lot? That’s 10,000%
27/11/2020 5:49 PM
wallstreetrookie Honestly these directors are inconsiderate enough to throw shares on us. Sold Rubberex a week ago. Buy Supermax and TopGlove better than this piece of junk with directors who only care about selling shares and dumping on minority shareholders. Run
27/11/2020 5:50 PM
wallstreetrookie TopGlove Supermax directors and company buy back shares. Ruberex throw you see la the difference
27/11/2020 5:51 PM
wallstreetrookie I don’t hate glove companies but Rubberex is the only company that I strongly detest except Adventa and HLT. Even Carepls and comfort better than this company
27/11/2020 5:52 PM
EdwinYap86 When buying company need see director and company direction good or not

Like Topglove is huge ambition, wanna be fortune 500

And Supermax is IBM huge profit margin

Rubberex is just lucky to be in pandemic
27/11/2020 5:52 PM
khy0100 71m shares sold by director. Wtf lol
27/11/2020 5:53 PM
EdwinYap86 But anyway, I suggest those who trapped at RM3 cut loss fast

Those who at RM2.5 around can avg down
27/11/2020 5:53 PM
EdwinYap86 Will down more on Monday because Oxford vaccines news coming. Predict will touch RM1.2

But I'm waiting at RM1
27/11/2020 5:53 PM
ryanlcc OH MY !!!
MEH SI !!!
27/11/2020 5:54 PM
EdwinYap86 If got dividend , director won't disposed ALL his share dy.

Don't con newbies old

Lol
27/11/2020 6:04 PM
EdwinYap86 Run now or bag holding for 5 years
27/11/2020 6:04 PM
Albukhary haha... Trust me, very soon you will see a very powerful shareholder appeared in Ruberex.
27/11/2020 6:10 PM
Joyce Lee But something interesting here , if dato throw , sure mz have buyers buy in right? Ermmmmm
27/11/2020 6:16 PM
mindofgain By the way, he is just a investor of the company. So it’s really make sense he sell now
27/11/2020 6:23 PM
mindofgain He accumulate since 0.60 and now already 300+ % for him
27/11/2020 6:24 PM
Albukhary Dato Ong is not just a investor, buy low sell high.
Dato Ong hold more than 50%, he is the person who control the entire company, he running the show, he will bring Rubberex to next level.

You guys can look at the disposal of treasury share. If Dato want to buy low sell high, he will not dispose the treasury share, instead he will buy more treasury share to support the share price, so easier for him to sell high.

So, it is very obvious that a big player is accumulating the share. Once the shareholding exceed 5%, you will see the name.

It could be:-

1) Oversea fund
2) Local fund - EPF, KWAP, LTAT
3) Big name investor (i.e. Brahmal)
27/11/2020 6:34 PM
Hootbear Dato gave u all discounted shares u all bising babi la. Just wait la by end of dec, i promise rubberex will make those hate comments here regret k
27/11/2020 8:28 PM
see2sea Immediate Press Release dated 20 Nov 2020

Quoted:

The major shareholder of Rubberex, Dato’ Eddie Ong Choo Meng, holds high regard for the glove
industry in general and is committed to strengthening the Group’s presence in the world market. He
envisions an expansionary trail for the Group through increasing manufacturing capacities to meet
higher global demand while capitalizing on the Group’s established customer base and marketing
networks around the world. He is also pleased to announce that in the pipeline is Rubberex’s next phase
of expansion valued at approximately RM400.0 million, to be invested in thirty(30) new double-formers
production lines, with an installed annual capacity of 7.5 billion pieces. “This would boost the Group’s
current capacity from the current 2.5 billion pieces to 10.0 billion pieces, putting us on par with some
of our respected peers. This phase of expansion shall be coordinated in stages, with the upcoming initial
fifteen(15) production lines to be financed by internally generated funds, slated for construction by first
quarter of 2021 till completion by end-2021 before embarking on the second phase by mid-2022.”

----------------------------------

Director disposed shares + disposed of treasury shares = for future expansion

Do not misunderstand.

Hold tight and be patience.

They know there will be another 2nd bull run.

Hint
27/11/2020 8:50 PM
see2sea Rubberex will increase 4 times capacity from 2.5 billion.

Anyone can calculate the target price? Let say ASP remain the same or give a 50% discount from current ASP.

Thanks
27/11/2020 8:53 PM
frank74 I concur. There may be a big investor coming in, as the sale of the treasury shares were done in big blocks and certainly not sold to Ikan bilis. I saw it on the trading screen, right in front of my eyes.

As for the personal sales, I would monitor closely and not be alarmed as he still does have 50% of the business. And I would say it’s done at the best time without rattling the stock. It’s done at a time when trailing PE is low, profits are high and going to continue to be high, with additional capacity coming on board. That was why the sale was absorbed very comfortably.

Technically, the strong support is at the 1.90 region and perhaps to the recent low around 1.80. Anything above those points, I would not be concerned. In any case if you’re a mid to long term investor, you’d be focused on the massive capacity expansion which would offset any drop in ASPs after then pandemic is over.

In short, we’re looking at sustainable earnings in the long run, and the price is attractive. Have a great weekend !
28/11/2020 9:02 AM
Jonathan Keung Rubbberex is an underated glove counter
28/11/2020 9:03 AM
PZOGRO HOT!

ONG & CO. SALES NOW IS HEALTHY TRANSACTION

TO LIQUIFIYNG CO. SHARES IN MKT SO AS MORE IB RHB COULD BUY FROM MKT BEFORE ITS GONE UP AGAIN.

RELAX DUDE!

https://www.fsmone.com.my/admin/buy/factsheet/factsheetMYOSKTGF.pdf
29/11/2020 9:25 AM
gemfinder No windtax oredi discounted la sorgai
29/11/2020 10:32 AM
Joyce Lee Pzogro u mean currently dato ong disposed shares and rhb buy up? Any related link that can prove this?
29/11/2020 11:14 AM
Mosiong Wong Yes. It's actually acquired by new investors those sold by Ah Ong
29/11/2020 12:39 PM
Joyce Lee Mosiong bt all tis is still guessing , not yet have any announcement ,wait for it maybe
29/11/2020 1:55 PM
Sabah1971 Good....wait & see
29/11/2020 4:58 PM
Creativeteam Directors sold huge vol. Who is buyer? Or reorganization?
29/11/2020 5:11 PM
nmsfqi With the inclusion of Supermax into Bursa Main Index next month will only add more weight to glove sector in play. It’s time to fly.

https://www.nst.com.my/business/2020/11/644501/earnings-push-bursas-top-30-supermax-inclusion?fbclid=IwAR1IxQk2e-y001VVGWcD1xuRzWIQHb2yik26CsC6KWNGmhNY-NHl3jKqSmw
29/11/2020 6:57 PM
Pandu1 https://www.lifesitenews.com/news/former-pfizer-vp-no-need-for-vaccines-the-pandemic-is-effectively-over
30/11/2020 12:08 AM


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