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13 July 2020

GLOVE KEPT ON BREAKS NEW HIGH,WITH MILLIONS ORDER-BOOKS SECURED.

RUBBER ORDERBOOKS SHOULD STILL STAY STRONG IN THIS CASE.

The above Rubberex's Financial Revenue & Profit Growth very exciting right?
It's double-triple up than the 2019 Profit Margin.

But! We are not talking about Ruberex.
We are interested more on the NEW BOSSES behind Ruberex.

HEXTAR GLOBAL BERHAD (5151)

https://www.klsescreener.com/v2/news/view/692473/rubberex-gets-unconditional-mandatory-takeover-offer
RUBEREX on June 23, received an unconditional mandatory takeover offer to acquire all the remaining ordinary shares from the joint offerors who had acquired 57.24 million ordinary shares, or a 20.63% stake, the previous day from Seng Sheng Enterprise Sdn Bhd which owns 8.87%, Datuk Seri Chiau Beng Teik (8.16%) and Peh Lian Hwa (3.60%).

Prior to the acquisition, the joint offerors had held a 29.55% equity interest in Rubberex.

Hextar and Ong – the joint offerors holds 20.63%+29.55% = 50.18% !!!!
 

13/7  Updates : https://www.klsescreener.com/v2/news/view/701375/hextar-ong-explain-rationale-of-rm1-80-offer-price-for-rubberex
 

WHAT HEXTAR DO ?

Hextar Group’s business operations have diversified over time and now broadly covers these industries:

With stable Profit Margin and good Revenue Recorded since Q3 2019, we believe HEXTAR may further growth.

In their latest Q1/20 QR, they also stated the below.

-Agriculture Grew due to Essentially needed to secure FOOD.
-Consumer Products turnaround from loss to profit!
-Others is quite exciting !!!

5G IoT in plantation!!!! SYIOK-lah.
We like RUBBER & TECH STOCKS lah.
HEXTAR =2in1 

Hopefully HEXTAR can fly like those big glove kakis.

Today trading closed @

0.640 ↑

+0.015 (+2.40%)

  We set our TP @ 0.755

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