Highlights
KLSE: RUBEREX (7803)       RUBBEREX CORP (M) BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.96   +0.02 (2.13%)  0.93 - 0.965  16,897,800
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  10 people like this.
 
budakbaik Tech drop ... next week all switch to glove... enjoy the game ...
17/07/2021 11:25 AM
ket4212 morning glov fren
19/07/2021 8:21 AM
Bgt 9963 Good morning.!
19/07/2021 8:55 AM
neutralist hahaha. hlt also about same price and overtaking rubberex soon? lol
19/07/2021 9:34 AM
Plantermen Every dogs have its day. Rotation play coming
19/07/2021 10:21 AM
John1234 With the private placement issue price fixed at 80 sen per share, market is keenly watching for 2 things:
1. Who would be the purchaser of these placement shares?
2. When will the major shareholder Ong Choo Meng start to "deal" in his shares, given his intention to do it?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176150
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176037
19/07/2021 7:33 PM
neutralist hahaha. when? he won’t deal la. the intention to deal is to buy that PP la what else
19/07/2021 8:10 PM
John1234 Ong Choo Meng is no fool. He knows jolly well that the fund raised from the placement shares will help to fund his expansion plan. So, by hook or by crook, he has to prop up the share price way above 80 sen to make the placement shares exercise a success.

By the sheer number of shares he actually owns(37.241%), every 1 sen drop in the share price means a lot more to him than any of us.
19/07/2021 9:15 PM
SDR245 Dow down delta variant concern
19/07/2021 9:16 PM
Bgt 9963 Good morning.!
20/07/2021 8:45 AM
ket4212 大家早上好!
20/07/2021 8:49 AM
kasrim glove comeback on radar
21/07/2021 10:08 AM
Lukesharewalker Big eats now. Shark hungry.....
21/07/2021 10:35 AM
Lukesharewalker Uptrend now. Mr market acknowledging the profits
21/07/2021 12:16 PM
imvu jutawan rubberex
21/07/2021 12:47 PM
RCZ2020 QR is coming? Going to be any good news?
21/07/2021 12:51 PM
neutralist lol. no. simply follow other gloves. how far only can go this round. 1.3? 1.4? then ocm throw again? buy 80 cents throw 1.40 almost double. smart. this time dunno which point he wants to throw kakaka.
21/07/2021 2:07 PM
mf Singapore
182 new local COVID-19 cases in Singapore; Haig Road and Chong Pang markets closed after 35 infections detected
21/07/2021 2:12 PM
John1234 I won't be surprised if some punters or naysayers have started chasing quietly behind us this morning at the spur of the mkt operator. Of course, some can still be hesitant on "crying wolf" worries - already 3 times in a row.

Like it or not, Ong Choo Meng is the happiest person today. His wealth on this counter alone increases by 8.4% or RM 23.4m this morning.
21/07/2021 2:25 PM
Lukesharewalker QR next month
21/07/2021 2:41 PM
Pandu1 dianatrader. D govn is not 2 b blamed. The people who dont follow sop and enjoying life like no Covid n other viruses. They had parties n did all sorts of things that exposed themselves to the disease. These people better die than became carriers of d deadly disease to their family n nation.
21/07/2021 3:14 PM
Sales Pandu1, because they don't card about their family. If they kena too bad, but bring home to their family. Very sad case.
21/07/2021 3:17 PM
Sales Neutralist, I think Ruberex is better than HLT, because they give dividend and bonus. They share price are more value.
21/07/2021 3:20 PM
budakbaik https://www.cnbc.com/2021/07/21/tokyo-olympics-who-director-general-addresses-ioc.html

new wave is coming...
who never enjoy last year glove phenomenon, hopefully this time you not miss the boat. good luck ...
21/07/2021 3:24 PM
Valgrovest Rubber glove stocks back in play again..!
21/07/2021 3:29 PM
RCZ2020 Don't know what fake rebound?
21/07/2021 4:11 PM
RCZ2020 Cannot cross 1.00. What a waste
21/07/2021 6:08 PM
neutralist Luke QR wait also for what. wont be better then last QR. already peaked. capacity max already last QR. i think at most is 53 m like that. eps of 5.8 only after that 10% dilution.
21/07/2021 6:42 PM
neutralist Sales yes correct. but there are two things to be confirmed. see next qr got divvy or not. looks like they stopped giving last few qr. then bonus recently only give. wait 3-5 years la aha. only if they are successful then.
21/07/2021 6:46 PM
skcm2017 So many analysts are in the streets, predicting futures.. but no one knows what is next.

Good lucks to long/mid-term investors while shorties don't worry. It's up and down.. covers while you can..hahaha
21/07/2021 7:51 PM
RCZ2020 Hope got bonus issue in the QR. Than only this stock will revive
21/07/2021 7:51 PM
John1234 Some of you may not be aware that Rubberex's major shareholder Datuk Eddie Ong Choo Meng is also the executive director of Hextar Global Bhd. His company is currently engaged with a consortium bidding for the Malaysia's five digital banking licences.

"With a platform of eight listed entities within the larger Hextar group of companies which are involved in a wide range of industries such as agriculture (agrochemicals and fertilisers), healthcare (rubber gloves), telecommunications (fibre optic cables), renewable energy (solar), logistics and consumer products, we are able to provide access to layers of thriving ecosystems which could be tapped by the bank. Hence, our excitement at being part of this collaboration,” he said.

Let's see if Rubberex has any chance to benefit from any synergistic collaboration.
https://www.theedgemarkets.com/article/hextar-joins-consortium-establish-digital-bank
21/07/2021 10:46 PM
neutralist hahaha. what synergy? if there is any benefit at all it will only benefit hextar. nothing about digital banking can be linked to rubberex. it will only makes it easier for them to raise debt via its own digital banking platform, or allowed payment via digital banking which all fees shall goes to hextar because the pie and consortium is joined by hextar lol.
22/07/2021 1:11 AM
imvu hujung bulan jutawan .
22/07/2021 1:35 AM
skcm2017 tp synergy jutawan
22/07/2021 8:38 AM
Lukesharewalker If QR maintains at eps 5 cents annualized is 20 cents. Normalized earnings at pe 7 to 8 that's 1.40 ......
22/07/2021 8:52 AM
Lukesharewalker Watch it jump today
22/07/2021 8:53 AM
John1234 Like anyone, I have the same thinking too. At the same time, I do not prejudge:
1. Well, it is still early days of this race for a digital banking licence. Nothing substantive until early 2022 probably.
2. Rubberex is still currently fully committed to gloves manufacturing and distribution. Any other form of collaboration is outside its primary focus.

Who knows? Major shareholder Ong Choo Meng may come up with something out of the box for Rubberex in time to come.
-----------------------------------------------------------------------------------------------------------------------------------
neutralist hahaha. what synergy? if there is any benefit at all it will only benefit hextar. nothing about digital banking can be linked to rubberex. it will only makes it easier for them to raise debt via its own digital banking platform, or allowed payment via digital banking which all fees shall goes to hextar because the pie and consortium is joined by hextar lol.
22/07/2021 9:07 AM
Sales Ong Choo Meng is a true businessman. Don't worry, is not a goreng stock, not like penny stock.
22/07/2021 2:23 PM
neutralist Luke wishful thinking. EPS 5 for next QR. ASP drops around 20% qoq. next 1y normalised maybe around 14 cents eps only. pe 7@8 is only 1.12. then after that assuming new capacity is online should be eps yearly around 15c roughly. pe 7@8 give u around 1.2. unless market willing to give pe10 to then then not much upside at current price. if go near 80c again can buy leyh
23/07/2021 12:26 AM
Bgt 9963 Good morning.!
23/07/2021 8:58 AM
Jonathan Keung Tend to follow the big 4 { TG, Super, Harta , Kossan } for leads
23/07/2021 11:18 AM
Lukesharewalker If it normalize to eps 14 then pe 10 is rightly accorded, will ASP drop that much with variants upsurge?
23/07/2021 12:15 PM
JK22 trend or not trend . DIV bila mau kasi ?
23/07/2021 5:20 PM
neutralist luke i dont think surges of variants will have any impacts on asp. now compare to previous before covid time, supply has increased. so asp will just normalize. fast or slow only. i calculated with pre covid asp+20% anyway. fair to say fv is around 1.5-1.6 based on my calculation if you give it a pe10. still if no div given i believe many will run. what is worst when director dump shares on you and give no dividend. i would sit out till there is clarity on div. if i lose out then i lose out. dun really mind.
23/07/2021 7:18 PM
skcm2017 On the way to 1.00.. Just bought it again !!! Lets goo
23/07/2021 8:43 PM
John1234 Another reality check:

Closing prices as at 23/7/21:
Rubberex - RM 0.96 or 1.92(original pre-bonus issue price)
Comfort - RM 2.09
Careplus - RM 2.18

Tide has changed immensely in favour of Careplus, which has outperformed the rest since my last posting.

What has happened during the review period?
1. Careplus has completed its private placement exercise;
2. Comfort has listed its free convertible warrants;
3. Rubberex has set its private placement price at 80 sen and is looking to place out its shares.

Now, Rubberex is the cheapest in terms of its share price. Even so, it is hardly trading at below 90 sen, way above its private placement price.

----------------------------------------------------------------------------------
John1234 Jun 21, 2021 10:18 AM

If you check back my previous posting on 6 May 21, I had mentioned that Rubberex, Comfort and Careplus were like 3 musketeers, trading at about the same prices:

Rubberex - RM 1.13 or 2.26(original pre-bonus issue price)
Comfort - RM 2.24
Careplus - RM 2.23

Look at the prices now:
Rubberex - RM 1.02 or 2.04(original pre-bonus price)
Comfort - RM 2.08
Careplus - RM 1.74

So, we can see that Careplus has dropped the most during the corresponding period. Rubberex lags slightly behind Comfort currently.

Without doing homework, we cannot make a meaningful comparison.
24/07/2021 9:08 AM
skcm2017 John1234 - a prediction with the fact. .. a better than someone who was stated: "I don't think..." ..
24/07/2021 9:59 AM
ket4212 ruberex have dividend?
24/07/2021 2:25 PM
John1234 Rubberex has stopped declaring half-yearly dividend payments after financial year ended 31 Dec 2019. The following announcement was the last dividend payment:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3007980

I do not have the reason why. I suspect it could be due to the dire need to preserve cash for its capacity expansion. Once the management has carried out the capacity expansion as planned, we would expect management to resume dividend payments.
24/07/2021 4:22 PM


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