Breaking News
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Malaysian rubber glove group says 2021 supply estimated at 420 billion amid global shortage
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Monday, 15 Mar 2021 12:05 PM MYT

KUALA LUMPUR, March 15 — The global supply of rubber gloves available in 2021 is estimated at about 420 billion, Malaysian Rubber Glove Manufacturers Association (Margma) said in a briefing today.

Margma said there will continue to be this year a global glove shortage and a long lead time for manufacturers to deliver products to customers.

The association also said glove demand would continue to be robust until the second quarter of 2022. — Reuters

When will COVID-19 end? A year into the pandemic, public health experts say: NEVER
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BY JASON SILVERSTEIN
MARCH 12, 2021 / 6:57 AM / CBS NEWS

When is this finally going to end? That's the question on many minds after a year of living through the COVID-19 pandemic.

But public health experts say we do have an answer, and you're not going to like it: COVID-19 is never going to end. It now seems poised to become an endemic disease — one that is always a part of our environment, no matter what we do.

"We've been told that this virus will disappear. But it will not," Dr. William Schaffner, a professor at the Vanderbilt University School of Medicine and medical director of the National Foundation For Infectious Diseases, tells CBS News.

https://www.cbsnews.com/news/covid-19-endemic-disease-never-going-away/

Public Bank is the most efficient/best run bank in Malaysia
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It has strict cost controls as evident from its low cost-to-income ratio compared to its peers. It has good asset quality and is prudent in lending money to customers as shown in its much lower gross impaired loans ratio when compared to the industry.

Sslee must have lost tons following KYY- which explains this bitter childish blog.

Be wise Bro, sell before he sells- If uncle KYY gives a TP of RM3, sell at Rm2.50 or below.

Never blame others when you lose money in the stock market.

The SilTerra JV deal with China will see Dnex Semicon be a leading foundry in SEA.
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A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic now threatens to snarl car production around the world.

It’s not just the automotive industry that’s struggling to get enough semiconductors to build their products. AMD and Qualcomm, which sell chips to most of the top electronics firms, have noted the shortage in recent weeks. Sony blamed the chip shortage for why it’s so hard to get a PlayStation 5 game console.

Chips are likely to remain in short supply in coming months as demand remains higher than ever. The Semiconductor Industry Association said in December that global chip sales would grow 8.4% in 2021 from 2020′s total of $433 billion. That’s up from 5.1% growth between 2019 and 2020 -- a notable jump, given how large the absolute numbers are.

Semiconductors are in short supply because of strong demand for electronics, shifting business models in the semiconductor world that created a bottleneck among outsourced chip factories, and effects from the U.S. trade war with China that started under former President Trump.

The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move that threatens Beijing’s push to become more self-reliant in one of the most critical areas of technology.

The U.S. pressured the Netherlands government to stop the sale of an ASML machine to SMIC, Reuters reported earlier this year. That shipment has not made it to China, highlighting China’s reliance on foreign gear ie the machine that uses so-called extreme ultraviolet (EUV) and is required to make the most advanced chips such as those manufactured by TSMC and Samsung.

Suppliers for certain equipment to SMIC will need to apply for an export license, according to a letter sent to companies by the U.S. Department of Commerce


When the chips are down China will inevitably rise.

@stochraider -respecting each others opinion is important- there is no need to be gung-ho & criticise others- it will not reflect well on you.

Dnex is helmed by a capable entrepreneur and will be venturing into manufacturing semiconductors big time with their Chinese counterpart-BGP Beijing. The demand for semiconductors far exceeds supply currently and in the foreseeable future.

If the JV with China is successful- A fair valuation of RM5-00 not unreasonable.

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stockraider > Mar 12, 2021 7:23 PM | Report Abuse

Rubbish loh...!! .

The 1st stage is 10 sen to 20 sen already done

The 2nd stage is 20 sen to 40 sen already done.

The 3rd stage is 40 sen to 80 sen already done

The 4th stage is 80 sen to Rm 1.60.....to be completed now loh!!

We are at Rm 0.95 to Rm 1.03 now loh!

Posted by GoodBoy > Mar 12, 2021 7:17 PM | Report Abuse

Dnex's share price will move up in 4 stages ... The 1st stage is from 0.30 to 1.00, it is almost done ... The 2nd stage is from 1.00 to 3.00, shld be done within a few months ... The 3rd stage is from 3.00 to 9.00, hopefully within 5 years ... The 4th stage is from 9.00 to XX.XX, hopefully within 10 years ... Depending on which stage of progress are you aiming, there is never too late to join at any point of time ...

You are absolutely spot on Bro especially point no.2.-They are forcing you to convert the sooner the better.

Posted by iPlay > Mar 12, 2021 2:26 PM | Report Abuse

Solely my personal view :
With the price moment in the last few days, that the gap between Son and Mother is getting bigger, it seems to me it confirms 2 things:
1. The Silterra deal agreement is going to be inked real soon.
2. They need the proceeds from WD conversion tomorrow not July.

Any comments, my 2 cents only. Hehehe

By the way rr88 is not a Kelantanese- he is a troll. lol.

You are most welcome James & Win7788

Posted by JamesRubin > Mar 12, 2021 12:20 PM | Report Abuse

I like to read the facts you lay Goldberg.. Do continue to contribute..

Any close above Rm1-00 for today is good.

Bt the way Rm1.17 is the upper limit.

1st milestone achieved- hallelujah !

Two men with the Midas touch
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Datuk Eddie Ong Choo Meng and Datuk Seri Chiau Beng Teik, both with little to no experience in the glove manufacturing business, have been quietly making a killing at Rubberex Corp (M) Bhd within a matter of months and weeks respectively.

Ong, a chemical businessman, is sitting on an unrealised gain of RM229.1 million
Just who are these two businessmen?

Ong, 42, is executive director of chemical firm Hextar Global Bhd and non-executive director of industrial products supplier SCH Group Bhd. He was appointed to the board of Rubberex on April 23.

Ong is very much a chemical businessman as he runs Hextar Holdings Sdn Bhd, the country’s largest pesticide producer, founded by his father Datuk Ong Soon Ho.

In 2017, father and son took over locally-listed agrochemical producer and competitor Halex Holdings Bhd. Subsequently, Halex was renamed Hextar Global, following a major business injection by Hextar Holdings.

My Digital boost for Opcom
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OPCOM(0035) is the a clear beneficiary for MyDIGITAL which is a RM15bil plan. OPCOM(0035) has Dato’ Eddie Ong’s attention and he as emerged as a major shareholder, “something is brewing”. OPCOM(0035) is also technically attractive.

Warrants price will be kept low ( kept at at discount to mother share) to entice the warrant holders to convert warrant to mother share.

711 million warrants X 50 cents= RM355 million

Dnex need this funds urgently- for the Silterra acquisition & Ping Petroleum.

Just my 2 cents.

Be cool, calm & patient- Dnex won't let you down.

Just ignore the pathetic naysayers/ trolls particularly the sick 88 guy.

The JV with BGP will prove to be the most powerful catalyst for Dnex - moving forward.

To breach RM1-00 today.

Director wants to enjoy life- he is aware that he can't take it with him when he goes.

Whatever it is its Dato Syed at the helm - one of the brightest bumi entrepreneur.

This is Dnex not datapret Bro- nothing worthwhile comes easily so they say.

Posted by KMCHouse > Mar 11, 2021 4:13 PM | Report Abuse

this useless stock today confirm close red，today confirm cannot up to 0.93 above，yesterday only up 22cent already waterfall，not like datapret always limit up，can up 50cent above in a day before

A closing price of 88 cents for Dnex will be nice.
Flushing works still in progress- please bear with the maintenance crew (Alam Flora ).
The flow should be better tomorrow.

@ insider- Sit on it and wait till Rm2-00

PEB /Re NIKOLA - An Independent Solar Power Producer in Malaysia.

A potential multi bagger.

11/03/2021 11:19 AM

A large army of punters /gamblers need to be flushed out before resuming the uptrend. Stay focussed, be patient and keep believing in Dnex's massive potential viz the SilTerra JV.

Its not a dampener at all Vespa- Absolutely, the semicon /foundry sector is the jewel and where the focus must be. Properly executed and with the latest Chinese technology -Silterra will turn out to be a goldmine. The future lies in Technology.

The Ping venture is just a short term side show .

The acquisition of Ping Petroleum will bring in at least Rm 200 million per annum for Dnex.

3000 bpd x 60x4= rm 720,000 per day x 365 days= 262.8 million net profit per year.

90 % of Ping = RM237 million per annum for Dnex

* Based on the assumption Brent crude stabilise at 80 usd per barrel & cost at 20usd per barrel.

And this is just the Energy sector.

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Posted by justiceserver > Mar 10, 2021 11:08 PM | Report Abuse

Note: Operating cost (opex)/barrel in that field is only 19.00 - 20.00,inmaterial how much oil price when Dnex buy..
Means v good margin/barrel:
e.g..if todays price is 67.0,margin is 67- 20=47.0 / barrel..
if production rate is 3000 bpd = 47 x 3000 = xxxxx USD gross profit/day..

I rem the probable oil reserves in that field is 62 mil barrels

He did not buy anything Bro., He is just a pathetic TROLL.

Dnex market cap is currently at 1.92 billion. (same at Dataprep )

Dnex is considered undervalued as it has the following growth sectors namely-

1-My Digital- Malaysia Digital - Cloud and AI technology
2-Silterra- Super chips- JV with China BGP with SMIC latest technology.
3-Ping Petroleum-stake to be increased to 90%- Oil to stabilise at USD 80 per barrel
4-Submarine cables- installation and maintenance- under mY digital

A TP of RM2.0 can be easily achieved upon signing of the Agreement between DnEX , China BGP & Khazanah.

Warrants price will be kept low ( kept at at discount to mother share) to entice the warrant holders to convert warrant to mother share.

711 million warrants X 50 cents= RM355 million

Dnex need this funds urgently- for the Silterra acquisition & Ping Petroleum.

Just my 2 cents.

Well said Mabel- you are one brilliant pussy cat.

1. Based on Beijing CGP Investment Co Ltd's revenue and profit target for Silterra, Silterra's value to DNex alone is worth more than RM2.70

https://www.nst.com.my/business/2020/12/647663/dnex-chinese-partner-ou...

Beijing CGP Investment Co Ltd's revenue and profit target for DNex are:

Target value: US$1.5bil (RM6bil)

Revenue: US$350mil (RM1.4bil)

Profit: US$75mil (RM300mil)

Based on most semiconductor stock valuation now at 30x PER, Silterra's value to DNex alone is potentially worth RM2.70, being;

30x RM300mil profit / 1.998bil shares (60% share of Dnex in Silterra) = RM2.70/share

At current price of RM0.5, DNex is more than 3 times below its fair value.

2. Keep in mind that Silterra must be held majority by Malaysian. This would mean that Dnex must also be majority owned by Malaysian.

Based on the 2020 Annual Report, it would be easy for foreigners to accumulate in big portions. Thus, likely that the insiders or Local Institution will accumulate to ensure that DNex is 50.1% held by locals.

Maybank IB is one of the major Short Sellers ( SHORTIES) - obviously the gave a very 'SICK' or pathetic target price.

Its all about manipulation.

Public Bank is conservative and scrupulous -they gave a T of RM7.60.

Posted by investmalaysia8 > Mar 10, 2021 12:52 PM | Report Abuse

Wow Maybank give target RM4.85? GG lor

Warrant is lower because of the 50 sen excercise price & warrants will be expiring in July 2021.

So, don't chase warrant - very very high risk.

Posted by e1shi > Mar 10, 2021 1:47 PM | Report Abuse

how come warrant is lower than mothershare? any exercise will happen?

rr88 cakap arini Dnex limit up dekat closing time.

Posted by newages00 > Mar 10, 2021 1:12 PM | Report Abuse

mana rr88?

At this speed and momentum 1.03 today is likely.

Agreement maybe finalised.

Target RM1-00 by Friday- be patient folks.

For the more patient folks RM 2-00 by August.

Those able to hold longer will be big winners !

Supermax could be a takeover target due to its current attractive valuation . TG or foreign giants such as P&G may be interested.

The buyer need to spend like RM5.5B, but the effective cost could be only RM3.3B. because the new owner will have full command of the cash reserve after acquisition.

Foreign investors may be attracted to Supers's strong OBM/ODN which they had built over the years.

In addition -Supermax's 3 years PAT will exceed its current market cap of RM11 billion

Super undervalued.!

Supermax -The top Stock attracted foreign buying.
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Foreign investors’ turned net buyer after three consecutive weeks of net sells
They were mainly buying glove makers and banks. The top three stocks that attracted foreign buying were Supermax, Top Glove and Public Bank while stocks with the highest foreign outflows were Tenaga, MYEG and DIGI. YTD foreign net selling fell to RM1.4bn.

Supermax's 3 years PAT will exceed its current market cap of RM11 billion - Super undervalued.!


"FOREIGN FUNDS ACCUMULATING SUPERMAX-THE STOCK IS TOO GOOD TO IGNORE !"

Tradeview has made a good summary , the key points are-

1. 2H will be better than 1H due to more capacity and higher ASP. Earning is not peak yet . We can expect better earnings in the next 2 qtrs.

2. Based on Frost and Sullivan Research, demand will grow 28 % in 2021 , 17 % in 2022 ,14 % in 2023, 12 % in 2024 and 10 % in 2025.

3. The glove usage per capita in Feb 2021 data for Netherland , US and few others had surpassed 300 pcs per year while usage in highly populated countries like China, philipines, Indonesia are still below 20 . There is still. huge room. for growth. The total world demand in.2025 is 732 billions which is less than 100 pcs per capita assuming a population of 7.8 billions in 2025.

In summary ,the best is yet to come and there is still growth in the next 5 years and the subsequent years.

Supermax's 3 years PAT will exceed its current market cap of RM11 billion - Super undervalued.!

CGS-CIMBMalaysia │ Strategy │ March 8, 2021


The top 3 stocks that attracted foreign buying were SUPERMAX , Top Glove and Public Bank
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Key observations on flows for the week ending 5 March 2021

1. Retail investors’ net buying momentum fell 68% wow to RM305.4m
This was the lowest net buy flows for retail investors since the week ending 11 Feb 2021. YTD net buy position by retail investors climbed to RM4.1bn. Retail investors were buying financial services and utilities sectors. Retail investors' top three net buys during the week were Tenaga, Public Bank, and Ambank.

2. Foreign investors’ turned net buyer after three consecutive weeks of net sells
They were mainly buying glove makers and banks. The top three stocks that attracted foreign buying were Supermax, Top Glove and Public Bank while stocks with the highest foreign outflows were Tenaga, MYEG and DIGI. YTD foreign net selling fell to RM1.4bn.

3. Local institutional investors on their 13th consecutive week of net selling
They raised their net equity selling by 5% wow to RM574m, bringing YTD net selling to RM3.8bn. Their largest net sells were in the healthcare sector. The five key net sells were Top Glove, Public Bank, Ambank, Hartalega and Supermax.

4. Top Glove and Tenaga dominated the top buy/sell lists
Local institutional investors were the top sellers of Top Glove last week (after news of HK listing); foreign institutional, retail and nominees investors were its key buyers. Foreign institutional were top sellers of Tenaga while retail and nominee investors were key buyers.


"FOREIGN FUNDS ACCUMULATING SUPERMAX-THE STOCK IS TOO GOOD TO IGNORE !"

Top Glove posts highest quarterly net profit in CORPORATE HISTORY at RM2.9bil
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The Star Tuesday, 09 Mar 2021

KUALA LUMPUR: While hopeful for a post-pandemic economic recovery, Top Glove Corp Bhd is also confident global glove demand will remain robust and not revert to pre-pandemic levels.

In 2Q FY21, Top Glove recorded a net profit of RM2.87bil, the highest quarterly result in Malaysian corporate history and an increase of 24 times net earnings from the previous corresponding quarter.

The group reported its highest-ever quarterly sales revenue of RM5.37bil, which was 336% higher than in the previous comparative quarter, and 13% higher quarter-on-quarter.


"HIGHEST IN CORPORATE HISTORY OF MALAYSIA"

Supermax: Trading at Forward PE of 3.3 While Sitting on RM3.56 Billion Cash Pile
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Supermax best describes the extent of irrationality of the market right now.

At market close, the stock of Supermax was trading at RM4.28. Ten analysts cover the stock (and all ten have "BUY" calls on it), and they have an estimated consensus PAT for FY21 at RM4.15 billion, and for FY22 at RM2.44 billion. Both of these estimates are at relatively low standard deviations. In fact, excluding KAF's bearish estimates, the standard deviation drops by about 30%. KAF have given a PAT estimate for FY21 at RM3.542 billion, which means that they expect the company will earn a total of RM1.642 billion over the next two quarters.

The company has already declared PAT of approximately 1.9 billion for the first half of FY21, so the remainder is RM2.25 billion. Assuming even distribution of profit in FY22, the first two quarters of that financial year should result in total PAT of RM1.22.

Thus, the total estimated PAT for the next one year should be RM3.47 billion, or EPS = RM1.275.

This means that the 1-year forward PE at present is 3.3.

Undervalued & too good to ignore

Companies that deploy their retained earnings wisely, their value goes up further- SUPERMAX
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Investors who do not believe in glove stocks cannot fathom the level of revenue and profits that glove makers are making hence they move with the HERD mentality that with Covid-19 gone, the company value is gone. THIS IS NOT TRUE.

I have mentioned before, profits earned goes into the company as retained earnings. The higher the retained earnings, the more valuable the company would be. If the company wants to maintain its value or become more valuable, it must deploy its retained earnings wisely.

If they managed to deploy their retained earnings wisely, their value goes up further. Investors should make a decision to invest based on the value of the company, not on short term thematic play using the "wind" to decide what companies and stocks are good for investing.

Behind every stock ticker, there is a company. The value of the stock lies in the value of the company. Investors must understand this concept to truly grasp the rationale behind investing in the stock market.

Otherwise, it is at most an act of speculation or rather to put it bluntly GAMBLNG.

BREAKING NEWS ON CNBC !

Malaysian glove makers are ‘too cheap to ignore’ after recent fall in share price, analyst says.


TOO CHEAP TO IGNORE !


ESPECIALLY SUPERMAX.

BREAKING NEWS ON CNBC !

Malaysian glove makers are ‘too cheap to ignore’ after recent fall in share price, analyst says
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PUBLISHED TUE, MAR 9 20211:51 AM EST
Yen Nee Lee

KEY POINTS

Shares of Top Glove, the world’s largest rubber gloves producer, have fallen 17.7% this year as of Monday’s close. Its smaller peers Hartalega, Supermax and Kossan have dropped between 18% and 30%.

Such declines are “unjustified,” said Ng Chi Hoong, an analyst at Malaysian investment bank Affin Hwang.

Ng reiterated his “overweight” call on the sector and has a “buy” rating on the four stocks.


THE CLOWNS/NAYSAYERS STILL SAY OVEVALUED- FOOLS REALLY/SORE CHAI

https://www.cnbc.com/2021/03/09/investing-analyst-on-outlook-for-top-glove-malaysian-glove-stocks.html

Supermax's 3 years PAT will exceed its current market cap of RM11 billion
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Supermax, plan is to expand its nitrile glove production capacity to 28.5725 billion pieces by the end of this year, and to 40.5725 billion pieces by the end of 2022. As the company operates based on an OBM sales model and as it partners with government agencies in some of its major target markets, I have assumed utilization rate of 90%. According to analysts' projections, the consensus profit margin for this calendar year is going to be approximately 50%, for 2022 - 35%. For these two calendar years, the net should be:

CY2021 = RM4.98 billion (PV @ 7% WACC = RM4.654 billion)

CY2022 = RM2.997 billion (PV @ 7% WACC = RM2.618 billion)

Total for the two years = RM7.272 billion, or RM2.67 per share.

In other words, the cash on hand + the profit for this and the next calendar year, contains 94.3% of the entire current market value of the company.

The company must make close to no profit for its entire subsequent history for the current market valuation to make sense.

The number of retarded naysayers here is simply amazing. Hope there is a vaccine/medication for such people.

TG achieved no other company in Malaysian history- Record PAT of RM 2.9 billion - in last Quarter.

And clowns shamelessly condemns this excellent results- and mind you most of their factories were close for 2 weeks due to covid.

PEB will be the stock to watch - A pure play in Solar Energy concession holdings.

Investors should be focused on true renewable energy concession holdings.

One of the largest players currently in the market should be Mega First Corp Berhad (“MFCB”), and not Solarvest Holdings Berhad (“SLVEST”) or Samaiden Group Berhad (“SAMAIDEN”) with injudicious
valuations.

Current valuation is pretty attractive - taking into account its massive potential in RE.

Malaysia’s DNeX taking Ping Petroleum stake to 90%

by Mark Lammey
22/02/2021, 7:53 am
Photo of Mark Lammey

Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) has reached a deal to take its shareholding in North Sea minnow Ping Petroleum to 90%.

DNeX currently holds 30% of Ping, which has an office in Aberdeen and a 50% stake in the Anasuria Operating Company (AOC), a joint venture with fellow Malaysian firm Hibiscus Petroleum.

DNeX said it would buy a further 60% of Ping for $78 million through its DNeX Energy subsidiary, with the deal expected to go through by the end of the second quarter of 2021.

It will fund the acquisition with $40.95m of cash and the issuance of new ordinary shares in DNeX for the remaining $37.05m.

DNeX managing director Dato’Sri Syed Zainal Abidin Syed Mohamed Tahir said: “Ping has proven to be a strategic fit with DNeX’s Energy division and has contributed positively to the group’s earnings over the past few years.

“Ping is a solid investment having been consistently profitable, generating positive operating cash flow, and is debt-free with a strong balance sheet.

“This transaction also supports DNeX’s strategy to further establish its presence in the upstream oil and gas business, which can be progressively scaled up over time.

Dnex Energy aka Ping Petroleum will continue the uptrend with Brent Crude trading at USD 70.15.
Brent crude expected to stabilise at USD 85 per barrel.

Dnex cost is only USD20 per barrel.

Fully agree with you @ pjseow.

Posted by pjseow > Mar 8, 2021 12:32 PM | Report Abuse

Finally, we have a report.from.Affin.Hwang which.quoted numbers from.Topglove/Frost and Sullivans on gloves Demand and Supply plus ASP s for the next 5 years. The.CAGR of demand is 15 % versus the 8 to 10 % growth in the pre pandemic periods. This is a big contrast to the naysayers who prophesised demand will drop to pre pandemic levels. The ASP will drop gradually after the peak instead of drastically as prophesised by naysayers. In.my opinion, as long as the leadtime is more than 6 months not 12 months , the ASP will erode very gradually as demand is still more than.supply. It looks like equilibrium of supply and demand most likely will happen in 2024 .

Well said Bro vespa !

Posted by vespa > Mar 8, 2021 12:38 PM | Report Abuse

guys if you suspect it's a false dawn, move on

Khazanah says Deal with Dnex is a done deal - agreement to be signed soon - Don't listen to sour grape clowns.

DNeX-led consortium wins bid for Khazanah's SilTerra

KUALA LUMPUR: A consortium led by Dagang NeXchange Bhd (DNeX) has won the bid to acquire semiconductor fabricating company SilTerra Malaysia Sdn Bhd from Khazanah Nasional Bhd.

In a bourse filing today, DNeX said Khazanah has informed it that it had won its bid for the entire issued share capital of SilTerra, subject to the signing of a definitive agreement.

May be next week a signing ceremony to be held between China Dnex & Khazanah.