Rubberex 3QR should b out early anytime this week.

buy n keep Kanger's shares until d rushed for covid-19 vaccine begins b4 year end!

No hurry! Kanger's luck just starting!

anyone, is there news Pharma n DuoPharma will get d vaccine like Sinopharm for Kanger?

wah, FGV got to keep their CPO Mills!

imposing windfall tax on gloves indicates this sector economy is making huge profits n will continued to outperform for many years to come.

KUALA LUMPUR (Nov 3): CGS-CIMB Research has reiterated its "add" call on Supermax Corp Bhd, as the company expects global glove demand to stay robust for at least the next 12 months while average selling prices (ASPs) remain on a positive uptrend.

In the upcoming quarters, Supermax expects sales of natural rubber (NR) gloves to increase, as more customers are willing to switch to NR gloves due to cheaper pricing (30%-40% discount to NBR gloves) and shorter lead time.

"Hence, we keep our 'add' call with a target price of RM13.20, as we expect ASPs to peak in 2021 forecast.

A windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. Windfall taxes are primarily levied on companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses.

KUALA LUMPUR (June 20): Any move to impose a windfall tax on glove companies given their supernormal earnings due to the Covid-19 pandemic would only curb their expansion programme, said Malaysian Rubber Glove Manufacturers Association (MARGMA) vice president Dr Supramaniam Shanmugam.


Supramaniam highlighted that a 24% corporate tax is already imposed on companies, which means government revenue from the said tax also increased alongside with the bumper earnings seen now.


“If your question is whether a windfall tax is fair or not, I think it is left to the powers that be, because they (the government) would realise that 24% of a bigger quantum is a lot more money for the government.

“And if it is anything beyond that, [it] is going to curb our own expansion programme, and the final result would be that if you don’t expand, others will expand and take up market share, and we do not want that,” he said.

windfall tax on gloves is only justifiable when d industry makes huge profits over a longer period (like oil palm) but not just over 6 months during d Covid-19 pandemic!

Posted by Sweetchocalates > Nov 2, 2020 7:47 PM | Report Abuse

Those who say institutions are dumping baffles me :)


Despite d gud fundamentals, i see d retailers n some small private funds r selling! Can't blame them as they r holding too many shares after d bonus issues (most gloves companies exercised BI except Hartalega). Taking small profits in this volatile gloves markets due to scared sentiments r better than losing money if encountered further price dropped!

Posted by papasmurf > Nov 2, 2020 12:39 PM | Report Abuse

Bursa is mainly for gamblers, looking for excuses to cause volatility for day trading. Not for fundamental investors. All kind of silly reasons to manipulate the prices with no logic.


It's not d investors at fault!

It's d M'sian's gloves producers competing with one another!
Opening new factories, installing more lines to increase production!
SUPPLY higher than DEMAND (dropped in ASP)!
BI or shares split instead of giving out warrants n more dividends!

Posted by Chua Joe Beng > Oct 30, 2020 9:05 PM | Report Abuse X

FGV without d CPO Mills is a lame duck!


FGV will b under d mercy of Felda!

FGV will b forced to send their ffb crop to Felda's Mills (close proximity as compared to Tradewind's Mills)!

FGV crop subject to 19% OER instead of 21% OER per metric ton of ffb!

FGV without d CPO Mills is a lame duck!

Posted by Harvest7 > Oct 28, 2020 8:43 PM | Report Abuse

Hi , anyone knows when are all the call warrants by IBs expiring.tq


U can click on d author:

Trading Warrants for Growth Seekers

Author: thewarrantmaster | Latest post: Sun, 13 Sep 2020, 3:20 PM

Posted by rooney888 > Oct 28, 2020 8:28 PM | Report Abuse

@digimon, let's say I have 1K unit.


at 1:45, for 1000units u get 22.22units
at today's closing price @9.45 u get 22.22 X RM9.45 = RM209.98

"Supermax Moving Up Slowly But Surely"!

Plantation stocks r getting more attractive with higher CPO price!

CPO settlement price on 13/10/2020 was RM3003.

Production Cost Per Ton CPO for plantations should avg around RM2300.

Plantations that r well managed should b now profitable in their coming quarterly reports.

Plantations profits can b negative if the revenues from their contributing subsidiaries r underperformed or making a lost.

gloves rally is not over yet! Supermax is still undervalue considering its past excellent quarters & coming bombastic quarters. Its price uptrend is far from over!

Voting during the pandemic (face masks & hand gloves r compulsory).

According to the Turkish Cypriot Supreme Election Council (YSK), voting procedures during the presidential elections on October 11 will not be very different from the pre-pandemic period.

“The only difference will be that everyone will have to wear masks and before entering polling stations voters will be given plastic gloves that they will have to wear when voting.

Posted by will75 > Oct 6, 2020 9:25 PM | Report Abuse

All foreign agent fee need to be paid by Top Glove, foreign workers no need to pay a single cent to work in Malaysia. Stupid USA’s logic. That is why Top Glove need to pay back everything to foreign workers. USA is a stupid bully!!!


That's a lot of payments which will greatly impact on TG profit!

No total lockdown for now, just TEMCO, says Muhyiddin.

“If we implement (an MCO) again, it can lead to huge effects which we worry could lead to a collapse of our social and economic systems,” he said in a national address today.

Top Glove to pay RM136mil in remediation fees to its migrant workers.

Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange.

In Bursa Malaysia, its listed company is PPB.

Wilmar is one of the world’s largest oil palm plantation owners with a total planted area of 232,940 hectares (ha) as at 31 December 2019, of which about 65% is in Indonesia, 26% in East Malaysia and 9% in Africa.

Sustainability
In ensuring that our plantations and mills operate in an environmentally and socially responsible manner, we are guided by our No Deforestation, No Peat, No Exploitation Policy that, applies to our own operations aswell as all third-party suppliers. Concurrently, we continue to pursue the Roundtable on Sustainable Palm Oil certification standard as a core element of our sustainability strategy for our upstream operations.

avoid penny stocks in plantations! palm oil still hv problems with India (boycotting palm oil import), EU (environmental issues) n now USA on labour issues.

KUALA LUMPUR (Oct 1): Malaysia is anticipating the United States to ban the imports of another plantation firm, after the US Customs and Border Protection (CBP) agency blocked entry of palm oil products from FGV Holdings over forced labour allegations.

"Another big firm will be banned soon," Human Resources Minister Saravanan Murugan told reporters on Thursday, according to a recording heard by Reuters.

Industry analysts warned that the ban on FGV could lead to buyers in other countries turning away from the company or shunning Malaysian palm oil.

Dagang NeXchange Bhd (DNeX) has clinched a RM47.17 million contract for the MyGov Cloud @ PDSA government data centre project in Putrajaya. The contract will last 37 months, until Oct 23, 2023. The contract involves providing expertise in IT project management and consultancy, the supply of ICT hardware equipment, maintenance and asset management.

Posted by Agjl > Sep 25, 2020 9:07 PM | Report Abuse

If u notice, the few accounts belongs to the same person who always speak the same.

These ppl should b investigated by admin. I3 Forum! I can't stand ppl naming their mother(s)! Write something without using vulgarity in this forum.

KUALA LUMPUR (Sept 21): Dagang NeXchange Bhd (DNeX) has appointed Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir as its group managing director (MD) effective Oct 1 as part of its efforts to drive the group's business in response to changing economic conditions with fresh new ideas.

Syed Zainal Abidin, previously the chief executive officer (CEO) and MD of Petronas Dagangan Bhd (PetDag).

He had also previously held various key positions in established corporations including Proton Holdings Bhd as group MD, RHB Bank Bhd and RHB Islamic Bank Bhd as independent non-executive director. He currently serves as chairman of the board of Universiti Teknologi MARA.

i see a lot of new players who react to bad new n does panic selling!

as what Donald Trump said, Covid-19 will disappeared due to "HERD MENTALITY".

i don't think smart ppl will react to this kind of news n in our case "PANIC SELLING".

u sell or cut-loss u still lose!
u buy n d price dropped u lost more!

better keep n do nothing!
u will get gud dividends, as SUPERMAX still make gud profits quarter after quarter!

as long as d next QR is better than d previous QR, i will not sell!

as long as SUPERMAX gives better n higher dividends every quarter, i really don't bother whether d price goes up or down!

im confident SUPERMAX price will climbed gradually n hit double digits by 2021.

“We should take the opportunity to clean up, remove critical barriers for growth in our business and choose the right digital technology as the enabler to reach our new goals,” said group managing director of Genaxis Group and chief executive officer of IA Consulting Sdn Bhd (iAC) Nuraslina Zainal Abidin.

Genaxis and iAC, subsidiaries Dagang NeXchange Bhd, offer services ranging from system integration, consultancy and project management for IT, software and applications development, as well as other IT-related services.

SUPERMAX is flying! retailers n big funds r buying with confidence!

hand glove is ppe n vaccine is medicine! both r equally important to prevent n fight covid-19 virus!

KUALA LUMPUR (Sept 11): Dagang NeXchange Bhd (DNeX)’s unit has inked a preliminary agreement with PT Infrastruktur Telekomunikasi Indonesia TelkomInfra) to look into establishing a partnership to undertake the business of submarine cable deployment, maintenance and repair within and outside Indonesia.

In a stock exchange filing, DNeX said its indirectly held PT DNeX Telco Indonesia inked the Memorandum of Understanding with TelkomInfra today that expressed their intention to carry out an assessment of the potential partnership that will make use of DNeX's cable ship, CS DNeX Pacific Link, as the main vessel.

“The MoU paves the way for DNeX group to expand its provision of services for submarine cable installation and repair works within and outside the territory of Indonesia and is expected to potentially boost the income of DNeX group in the future,” said DNeX.

TelkomInfra, which is principally engaged in the field of telecommunications infrastructure in Indonesia, is a wholly-owned unit of Indonesia's telco group, PT Telkom Indonesia Tbk or Telkom Indonesia.


DNex is undertaking another journey on its business transformation plan to increase its profitability.

guys, it's time to make DNex a part of your investment portfolio!


The MoU, DNeX said, will be valid for 12 months.

@SEE_Research

Tq, find them vy informative!

like to ask:
1. how long is d valid period for CALL WARRANTS (6mths or 1 yr)?
2. will their issued price b affected by BI or SHARES SPLITS, SBB or cancellation of treasury shares during d validity periods?
3. How SC approved, monitor n scrutinized the IBs on their CALL WARRANTS issued?

thanks,

Posted by SEE_Research > Sep 13, 2020 9:23 AM | Report Abuse

money888 seems like supermax is forming cup and handle....will shoot up once it is done
12/09/2020 7:56 PM


hope it will hit rm15 b4 d next QR! let d solid fundamental n increasing profits makes it a reality.

@Gargoth haha u think too much!

guys, just don't buy CALL WARRANTS! not only those issued by Macquarie but all d others IBs CALL WARRANTS. all these analysts working for IBs r paid to make money for Institutional Banks. I m sure there will b lesser naysayers in I3 Forum if CALL WARRANTS r ban.

i worry a lot every time these CALL WARRANTS r due for expiry! d mother price will comes down indefinitely even in healthy market condition!

CALL WARRANTS should b ban or at least d IBs analyst study thoroughly their issue price instead of resorting to manipulation during expiry time.

tell d boss to announce d free treasury shares, at least 3:45 not so petty at 1:45! the shares buy back should compensate d losses of their shareholders due to market manipulation by Macquarie's analysts! also, to announce higher dividend n special dividend! SUPERMAX shares will fly sky high after these!

@dlau8899 don't covered up for Macquaire! These ill intention analysts must b punished kow kow! a strong message must b given out to other IBs analysts to give honest guidance to investors to make gud decision during gud or bad market condition.

wow, big boss on TV8 again? must limit up first on closing for him to talk bombastic!

this asian china man n indian man working for Macquarie try to b like angmo! belum kena kow kow!

SBB if rm100 millions not enough, up another rm100 millions! small matter for SUPERMAX!

no more yoyo! one way ticket only! UP!

nice, no more cheap tickets!

gud job SUPERMAX, that's what v want on shares buy back, v can see d price uptrend!

now, to announce d issues of treasury shares to loyal shareholders, this time 8:45 instead of 1:45

BEWARE OF SMOKING CALL WARRANTS!!!

how many types of CALL WARRANTS issued by Macquarie Group that r active in SUPERMAX now?

to stop further price manipulation , don't ignored CALL WARRANTS issued by other IBs!

Posted by menort > Sep 11, 2020 6:45 AM | Report Abuse

Macquarie have history of Market Manipulation since 2011.


Posted by YapPuaykee > Sep 11, 2020 7:33 AM | Report Abuse

When the entity that issued the warrants had received the premium reward, is bound by warrant contractual law, is ready to face the risk when the stock price trends bullish in the future.

If the "independent research analyst" remains independent and remains not part of the entity to provide price forecast, attempting to influence the future price before expiry date, then seemingly no "CONFLICT OF INTEREST" has taken place.

More verification of the the source of "who the individual analyst" is required.



Posted by JN88 > Sep 11, 2020 7:11 AM | Report Abuse

Macquarie want to buy back the warrant at lower price, so can reduce their loss...maybe more than 100 million ringgit ... if today topglove hit 7.5 they will lose more money...



Sad day, another worst kind of share manipulation!
SC must act on it seriously to stop this malpractice from repeating!
Maybe to ban all future issues of CALL WARRANTS!
We want more transparency n integrity in Malaysia's stock market!

Posted by Investar2862 > Sep 10, 2020 8:02 PM | Report Abuse

Aiyoyo, didn't know that superb companies like APPLE and other big big companies also do share buy back ah! Better don't simply comment if you still learning in the stock market.


Yah, Apple n other big big companies r immensely rich in cash n NTA! They do buy back when is really needed to support d falling price! In our case, d company instead do buy back at falling price n worsening d value of d company! Is there integrity?