Thanks for the information Bro. Yes INTCO will be ramping up nitrile gloves production and this will lead shortage of NBR. This will inevitably lead to higher ASP for nitrile gloves going forward.

Posted by honestlee > Feb 27, 2021 2:53 PM | Report Abuse

Goldberg, Intco's vinyl gloves are made of toxic material hence they are phasing it out already.only now they start to realize nitrile gloves is more in demand. In years time nitrile butadiene raw material will be in shortage and this will increase Asp

Interesting Article


Intco, Top Glove, Supermax - A Quick Comparison

Author: Ben Tan | Publish date: Mon, 25 Jan 2021, 5:15 PM

Intco Medical, with production capacity 20 billion gloves (about 70% vinyl, lowest profit margin) (reference), today closed at all-time high of RMB289.80 per share. This gives the company a market capitalization of exactly RMB100 billion, or RM62.5 billion. This is the world's biggest glove manufacturer right now in terms of market capitalization.

Let's compare this to the Malaysian (indirect) competitors:

Supermax - production capacity 26 billion gloves (68% nitrile, highest profit margin) (reference), closed at RM7. This means a total market cap of RM19 billion - more than 3 times lower than Intco.

Top Glove, production capacity 91 billion gloves (45% nitrile, 45% latex) (reference), closed at RM6.52. The world leader, controlling more than a quarter of the entire global production of gloves, has a market capitalization of RM53.5 billion, or RM9 billion less than Intco.

Let that sink in.

Bro Mikecyc, INTCO, if I'm not mistaken manufactures vinyl or plastic gloves. They are producing nitrile gloves but on a smaller scale.

Upon successful listing in HK Stock Exchange TG should be valued at least RM10
-------------------------------------------------------------------------------

Lets compare China's INTCO and TOPGLOVE

INTCO's which is currently listed in HKSE and is trading at a PE ratio of 15 TIMES

After the HKSE listing TG share capital be swelled to 9.7 billion shares.

PAT for the last 4 Qtrs= 422+1,623+3,095+3,000(EST)= RM8.1 b

TG's TPE will be RM0.84 sen per share

A PE of 15 will valued TG at RM12.60

Taking a conservative valuation of 12TIMES will value TG at RM10.08

Going forward upon successful listing in HK Stock Ex TG should be valued around RM10 easily.

A premium over INTCO should be attached to TG as TG is the worlds LARGEST Glove Manufacturer.

Very interesting article, looks like the Securities Commission must have received their allocation. Too many glaring "red flags" so to speak to close ones's eyes.

Of course our local media reports are hired not to highlight the suspicious related third party deals.

The IBs are only good at manipulation. They are also hired not to report the dodgy deals and often give absolutely rosy earnings prospects and assign unjustified high PEs especially when the are about to issue Call Warrants- I believe they have issued a number of MR DIY call warrants recently.

It's all about manipulation and the regulators closing both eyes or rather chooses to be blissfully ignorant.

Reporting the truth is sacrilegious, sad but true everywhere in the world - more so in Bolehland.
27/02/2021 12:38 AM

TG at 3.50 - you can bersiul till the cows come home. lol.

JPM should be appointed as the sole underwriter and leading institutional book builder for institutional investors. - for the HK IPO

This arrangement will be really FUN for JPM.

They may have to change course and go LONG on TG. lol.

Upon successful listing in HK , TG should be then apply for delisting from BURSA- a pariah market.

A BIG SLAP in the face for BURSA, SC , IBs & EPF- ( for assisting the Robbers)

Purchased Top Glove - felicity
Author: Tan KW | Publish date: Fri, 26 Feb 2021

Thursday, February 25, 2021


While in the past, I was critical but unsure of the company, this time around I think it is grossly oversold. The company had not paid much dividend as yet and has been repurchasing a substantial amount of its stocks over the pandemic period. The company remains to be the largest gloves manufacturer and is probably the company that benefitted the most in terms of revenue and profits due to the pandemic.

This is probably due to the aggressive nature of the management where they had increased capacities through organic and acquisition growth. The super abnormal profits have given opportunities I believe for many of the gloves manufacturers to improve on their efficiencies in the long run as they took this period to push more automation as well as improve on the living conditions of their workers especially the foreign workers.

I think given that Top Glove is trading at RM43billion valuation, it could be cheap. Post pandemic which for many countries could be seen by end of this year or mid of next year, we will potentially see restocking as these countries do not want to be shocked again by another similar situation. I think these gloves companies despite the coming on stream of other new entrants as well as much increased capacities of the existing company (including China and Thailand) may still see the plants running at full capacities.

I have hence bought 1500 units of Top Glove at RM5.19.

IPO price yet to be fixed Bro.

IPO will be 6 months down the road. TG price NEED to be JACKED up with the help of Professional operators- maybe they should hire JPM. lol.

Posted by staedy > Feb 26, 2021 9:03 PM | Report Abuse

still don't see how this benefited them, if HK IPO price is only RM5.20 there is no need for them to do anything, as soon as the announcement is made the price will drop like a rocket going south

You're Brilliant- Fully agree with you Bro.

Posted by UPlanet > Feb 26, 2021 8:55 PM | Report Abuse

Goldberg bro, I think most of them JP/Ibs knew it for quite some time! That’s why they keep pressing down the price towards ~Rm5.2 and purposely gave fake target prise Rm3.50!!!

X

The SHORTIES wil be DEEP FRIED on Monday-

And they jolly DESERVE it.!

Especially JPM & The Robbers (IBs) & paid TROLLS.

Dual-listing exercise creates value for firms

Monday, October 26th, 2020 at Markets | News

The exercise also elevates higher standards of corporate governance, and improves information environments and stock liquidity

BLOOMBERG

ACQUIRING financial resources is the main driver for local public firms seeking dual listings on foreign capital markets, said Fortress Capital Asset Management (M) Sdn Bhd investment advisor and director Geoffrey Ng.

He added that dual-listing exercise also elevates higher standards of corporate governance, and improves information environments and stock liquidity.

“Other key factors include market leadership, brand and size of the market capitalisation upon listing,” he told The Malaysian Reserve (TMR).

Rubber glove manufacturer Top Glove Corp Bhd on Oct 13 announced its proposed dual primary listing in the Hong Kong Stock Exchange (HKEX).

The rubber glovemaker is considering raising more than US$1 billion (RM4.15 billion) from the listing and engaged with bankers on the plan.

The listing process is expected to take six to nine months according to its executive chairman and substantial shareholder Tan Sri Dr Lim Wee Chai.

Ng added that the current valuation for the glove sector is positive and it is an opportune time to seek a dual listing in Hong Kong, so that the domestic valuation-metrics could carry over into the HKEX listing.

He said a stock market like Hong Kong, which is one of Asia’s leading international equity markets, will allow companies like Top Glove to reach a wider audience of international investors who want investment exposure into the glove sector but may not have access to trade on Bursa Malaysia.

“This presents Top Glove and companies who dual-list some benefits, for example greater foreign institutional and retail following, improved brand recognition and market presence.

“It also will provide the ability for Malaysian-based shareholders to move portions of their shareholding to be traded on the HKEX (where applicable), increase trading liquidity of shares and improve price discovery (valuation) of shares,” he added.



Generally, Ng said stock prices are more informative after dual-listing as dual-listings allow for improved price discovery (valuation) of shares.

“This can both benefit or be disadvantageous at times, since the relative share price movements of the company on both exchanges will influence each other — resulting in episodes of possible mispricing if, for example, one of the markets experiences severe weakness in general,” he explained.

MIDF Amanah Investment Bank Bhd (MIDF Research) head of research Imran Yusof said companies which seek dual listing could get access to a larger pool of potential investors.

He said this improves its share liquidity and public profile as the shares are traded on more than one market.

“Dual listing also enables a company to diversify its capital-raising activities, rather than being reliant only on its domestic market.

“These could be some of the considerations that a company could weigh to decide on a dual listing,” he told TMR.

At the moment, MIDF Research does not see dual listing as a growing trend since the corporate exercise depends on the company’s own evaluation and plans.

He said some of the disadvantages of dual listing are cost due to the expenses involved in the initial listing and ongoing listing expenses.

“The differing regulatory and accounting standards between the two markets may also result in the need for additional legal and finance staff.

“A dual-listed company may place more demands on management as well, given the additional time required to communicate with investors in the secondary market,” he added.

In theory, a dual listing should facilitate better price discovery as it is available to a wider pool of investors.

“I would not say valuations are not good in Malaysia. It is all relative. It depends on an investor’s familiarity with the market and sector, appetite for risk, country profile and other considerations,” he said.

Areca Capital Sdn Bhd CEO Danny Wong Teck Meng said secondary listing or cross listing allows a company to access capital the home country market may not attract.

“It also helps to promote branding, profile and market presence elsewhere. However, cross listing doesn’t help in valuation. If any, it is more of one market could take a high-risk premium than the other,” he told TMR.

JF Apex Securities Bhd research analyst How Chi Hoong said Malaysian companies may be seeking dual listings mainly to put itself closer to the targeted market instead of fundraising.

He noted that the example listing of Pestech International Bhd’s subsidiary in Cambodia and Pentamaster International Ltd in Hong Kong.

Commenting whether more companies will mull over dual listings, he said there is no significant sign it will take off in the current economic situation.

Demand for rubber gloves would not drop off the cliff
=======================================

Judging by investment analysts’ target prices, the current share price weakness should be a good bargain hunting opportunity given the belief that the demand for rubber gloves would not drop off the cliff as some glove bears have anticipated.

Supermax Corp Bhd tumbled to an eight-month low of RM5-00 about 50% below its average target price of RM10.26. Supermax, which is the third KLCI component stock after Top Glove and Hartalega, is trading at a P/E of 3.41 times based on estimated earnings for FY21 and 5.75 times for FY22 earnings.

DNext will be the next Super Stock helmed by- Dato Syed Zainal Abidin in 4 core areas 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

After hitting rock bottom- now the only way is UP
-----------------------------
(Bloomberg) -- A rout in Malaysian glove makers is deepening, sending valuations for some companies to rock-bottom levels.

Biden will sign the executive order for 100 day review for all supply chain
mainly on semiconductor, today.

This will essentially enable USA to deprive China of the much sought after Semicon Chips.

China just couldn't wait to get their hands on SilTerra and ramp up production.

Latest News on Gloves.

Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”
----------------------------------------------------------------------------

“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”
----------------------------------------------------------------------------

“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

Top Glove “offer some of the highest sustainable dividend yields in the world,” he said. “The glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era.”

There are 2 main reasons for the intense selling pressure this week.

1. The IBs issuers had to sell the underlying shares they bought (as part of the hedging) when the cws issued being bought by retailers- tomorrow is the last day for them to determine the price.

2. The shorties just taking advantage of such "right timing" and shorting with full force.

Tomorrow the selling pressure is expected to taper off.

There are 2 main reasons for the intense selling pressure this week.

1. The IBs issuers had to sell the underlying shares they bought (as part of the hedging) when the cws issued being bought by retailers- tomorrow I the last day for them to determine the price.

2. The shorties just taking advantage of such "right timing" and shorting with full force.

Tomorrow the selling pressure is expected to taper off.

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Yup, they must be retarded, delusional and psychotic (gila).

All 3 in one clowns.

Posted by RCZ2020 > Feb 24, 2021 7:46 PM | Report Abuse

How come some give so negative remarks about glove counters and yet want to be in this forum? I mean if you don't GLOVES just get the hell out from here. Why want to hurt those who are still in favor of GLOVES? You sound so GENIUS why even want to be in this group chat? please by all means go and joint your favorite counter chats

I wonder why- they must be retarded, delusional and psychotic (gila).

I think its all of the above.

Posted by RCZ2020 > Feb 24, 2021 7:46 PM | Report Abuse

How come some give so negative remarks about glove counters and yet want to be in this forum? I mean if you don't GLOVES just get the hell out from here. Why want to hurt those who are still in favor of GLOVES? You sound so GENIUS why even want to be in this group chat? please by all means go and joint your favorite counter chats

EPF and TG Directors on buying spree today- TG to SURGE tomorrow
====================================================
24-Feb-2021 Insider TOP GLOVE CORP BHD buyback 23,790,700 shares from 5.780 to 6.150 on 10-Feb-2021 - 22-Feb-2021.

24-Feb-2021 Insider PUAN SRI TONG SIEW BEE (a substantial shareholder) acquired 3,770,000 shares on 24-Feb-2021.

24-Feb-2021 Insider MR LIM JIN FENG (a substantial shareholder) acquired 3,770,000 shares on 24-Feb-2021.

24-Feb-2021 Insider TAN SRI DR LIM WEE CHAI (a substantial shareholder) acquired 3,770,000 shares on 24-Feb-2021.

24-Feb-2021 Insider MR LIM HOOI SIN (a substantial shareholder) acquired 3,770,000 shares on 24-Feb-2021.

24-Feb-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 1,480,800 shares on 19-Feb-2021.

24-Feb-2021 Insider PUAN SRI TONG SIEW BEE (a company director) acquired 3,770,000 shares at 5.289 on 24-Feb-2021.

24-Feb-2021 Insider TAN SRI DR LIM WEE CHAI (a company director) acquired 3,770,000 shares at 5.289 on 24-Feb-2021.

24-Feb-2021 Insider MR LIM HOOI SIN (a company director) acquired 3,770,000 shares at 5.289 on 24-Feb-2021.

24-Feb-2021 Insider MR LIM ANDY (a company director) acquired 100,000 shares at 5.320 on 24-Feb-2021.

24-Feb-2021 Insider DATUK DR NORMA BINTI MANSOR (a company director) acquired 3,000 shares at 5.270 on 24-Feb-2021.

https://ca.finance.yahoo.com/news/5-billion-rout-drags-glove-031253000.html

Valuations simply do not reflect this reality.
----------------------------------------------
“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”

Valuations simply do not reflect this reality.
----------------------------------------------
“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

The slump is a far cry from months ago when glove stocks became one of Asia’s hottest trades at the height of the global pandemic and helped spur a comeback by amateur investors. That helped catapult volumes in Malaysia’s stock market to record highs last year.


Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”


https://ca.finance.yahoo.com/news/5-billion-rout-drags-glove-031253000.html

Glove Stock Valuations Hit Rock Bottom After $6 Billion Rout
--------------------------------------------------------------
Chan Tien Hin and Abhishek Vishnoi- Bloomberg
Wed, February 24, 2021, 5:14 PM·2 min read

Top Glove Corp., the world’s biggest, slid 7.8% in a fifth day of declines Wednesday, taking its February loss to 22%, set to be the worst for any month on record. The stock is trading at about 6 times 12-month forward earnings, from a record high of 43 times in May. Supermax Corp., which surged 784% last year, is down 26% this month and trades at 4.6 times.

More than $6 billion in market value has evaporated in February alone for Malaysia’s top four glove makers as global vaccine rollouts accelerate and short sellers swarm these pandemic winners. Malaysia is starting its own Covid-19 vaccination campaign Wednesday, further dampening sentiment.

“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

The slump is a far cry from months ago when glove stocks became one of Asia’s hottest trades at the height of the global pandemic and helped spur a comeback by amateur investors. That helped catapult volumes in Malaysia’s stock market to record highs last year.

Hartalega Holdings Bhd. is trading below 10 times estimated earnings, down from 60 in June, while Kossan Rubber Industries Bhd.’s multiple has dipped to 4.1 times, according to data compiled by Bloomberg.
================================================================
Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”
================================================================
Stocks like Top Glove “offer some of the highest sustainable dividend yields in the world,” he said. “The glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era.”

Fully agree with you.

Posted by investorbat > Feb 23, 2021 1:28 PM | Report Abuse

how much the buy doesnt matter,maybe very less from the figure above,pitahaya issue share to renikola(ipp seller),after that renokola became major shareholder(rto).Looks like pitahaya buying asset from renikola,actually renikola selling asset to a listed company n became major shareholder,so at the end renikola is listed company.Just like Ancomlb buying S5.

PEB inks HoA to acquire five companies under reNIKOLA group

https://www.nst.com.my/business/2021/02/667203/peb-inks-hoa-acquire-3-companies-under-renikola-group

Govt will continue to assist rubber glove industry, says Mohd Redzuan

TheEdge Tue, Feb 23, 2021 04:06pm - 1 hour ago


IPOH (Feb 23): The government will continue to assist the manufacturing sector, especially the rubber glove industry to maintain Malaysia’s position as a main player in the supply of rubber gloves for the global health industry.

Minister in the Prime Minister’s Department (Special Functions) Datuk Seri Mohd Redzuan Md Yusof said this was also in line with Malaysia’s status as a major producer of rubber gloves globally with exports valued at RM2.9 billion in October last year.

“We hope the rubber glove industry will continue to drive the nation’s economy and provide jobs to the people to reduce reliance on foreign workers,” he told reporters after officiating AT Glove Engineering Sdn Bhd’s rubber glove production systematisation facility in Chemor near here on Tuesday.

Earlier in his speech, Mohd Redzuan said rubber glove exports contributed 51.1% to the nation’s total exports in October last year compared to 49.1% in the same period in 2019 as demand from foreign countries for rubber gloves increased due to the Covid-19 pandemic.

He said according to the Malaysian Rubber Glove Manufacturers Association (MARGMA), the shortage of rubber gloves globally would continue beyond the first quarter of 2022.

Mohd Redzuan said for this year, MARGMA projected the rubber glove annual growth rate demand to reach 15% to 20% with an export revenue of RM34 billion based on global demand that is set to hit 420 billion pieces.

He said that even though many countries had obtained Covid-19 vaccines, it would not affect the demand for rubber gloves.



Yup, just suspend RSS and issuance of call warrants by IBs., to start with.

PEB to be transformed into a pure play green energy (RE) company.

LBG said reNIKOLA intention is to transform PEB into a leading pure-play renewable energy company in Malaysia, and possibly in the region.

"The plan is to first expand our solar portfolio and gradually expand our footprints in different verticals within the green energy sector.

"We aim to grow our renewable energy assets portfolio to be the largest in Malaysia. Having PEB with reNIKOLA combined will accelerate the transformation plan as we will have approximately 418MWp of solar assets upon completion, in our stable.

This development will enhance the potential value of the company.

PEB, could potentially surpass SAMAIDEN's market cap any time now.

https://focusmalaysia.my/markets/fret-not-for-malaysias-rubber-glove-sector-still-has-legs-to-run/

Fret not for Malaysia’s rubber glove sector ‘still has legs to run’

Supermax gathering momentum- getting greener

Supermax slowly buying back own shares ie SBB.

DS Stanley is very much aware the SUPERMAX is Super Undervalued.

Im of the view that we have seen the bottom - now it will be trending upwards albeit gradually.

Forwards PE only 4.

What a bargain !

A Suspension of RSS is real- SC is closely monitoring their 'manipulative' activities.

I feel SC and Bursa Malaysia will continue to monitor RSS affecting the securities market and evaluate the adequacy of existing measures to support a fair and orderly market as well as mitigate potential risks.

If RSS fail to promote market stability and a drag on the any particular sector- due to manipulation, a suspension may need to be considered.

Given time Dnex can match Greatech with a market cap of Rm8 bil.

Assuming a paid up of 3 bil shares (after exercise of warrants and PPs -) a fair valuation of at least Rm2.80 by year end is achievable.

Hold on to this GEM -SilTerra will be super profitable with the collaboration with China SMIC.

"The market is a device for transferring money from the impatient to the patient." - Warren Buffett

So- be patient folks!

NEXT IS THE SUSPENSION OF RSS- Good Luck Shorties
=================================================

Suspension of intraday, proprietary day traders short selling extended to Aug 29, 2021


TheEdge Mon, Feb 22, 2021 07:10pm - 59 minutes ago


KUALA LUMPUR (Feb 22): The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have extended the temporary suspension on Intraday Short Selling (IDSS) and intraday short selling by Proprietary Day Traders (PDT Short Sale) to Aug 29, 2021.

The temporary suspension of IDSS and PDT Short Sale is due to expire on Feb 28, 2021. It took effect on March 24, 2020 as part of the regulators’ proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties.

The additional six-month suspension of IDSS and PDT Short Sale, which are used mainly as a day trading strategy, will enable Bursa Malaysia to enhance the control measures for intraday short selling activities in order to promote market stability and strengthen the integrity of the capital market, they said in a joint statement here, today.

The SC and Bursa Malaysia will continue to monitor developments affecting the securities market and evaluate the adequacy of existing measures to support a fair and orderly market as well as mitigate potential risks.

China's semiconductor self-sufficiency drive slid backwards in 2020
--------------------------------------------------------------------
Publish date: Mon, 22 Feb 2021, 5:45 PM

5.9 percent of silicon made at home now, goal is 70 percent in 2025 and the USA's sanctions seem to be biting.

Tax cuts and other initiatives commenced to accelerate the supply with larger subsidies going to chipmakers manufacturing with smaller process nodes.

The uphill battle comes amid technology bans from the US that have hindered the Middle Kingdom’s efforts.

In August of last year, The US Commerce Department further narrowed Huawei access to American chip-making technology in retaliation for the company not taking America's trade restrictions seriously. The supply chain was further choked by the USA's Clean Networks plan.

Another US tactic to production came in December 2020, when China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), was added to a Treasury Department entity list that prevents acquisition of some US technologies and requires business exporting to SMIC have a specific license. SMIC told investors in December 2020 that US sanctions were a long-term hassle but claimed they wouldn’t impact operations. ®

SilTerra JV with Beijing CBP will proceed with full throttle to address the chip shortage in China.

DS Syed Zainal confident to turn around SilTerra
------------------------------------------------

DNex group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir says the company is confident to turn around the semiconductor manufacturer.

"We do have the turnaround expertise as we have managed to turn around Time Engineering Bhd, the old company of DNeX.

"We also partner with Beijing CGP Investment Co Ltd (Beijing CGP) that is willing to provide transfer of technology and ready market access to SilTerra," he told the New Straits Times (NST) and Berita Harian in an interview recently.

DS Syed Zainal believes , technology, market access and reinvestments in latest technology is vital for SilTerra's success.

The Amazing-TSMC-The worlds largest Chip Maker- Market Cap 0f RM2.32 Trillion.
-------------------------------------------------
TSMC 's Net profits in 2020 soared to NT$517.89 billion (RM75.13 billion), up 50% over the previous year.

TSMC’s biggest customer is Apple Inc, which designs its own chips like the iPhone’s A14 processor chip as well as power-management chips, but also buys chips designed by others such as communications chip firms Qualcomm Inc and Broadcom Inc, all of which are manufactured by TSMC. Morgan Stanley estimates TSMC generates US$30 to US$40 of revenue from every iPhone. And, oh by the way, the latest 5G iPhone 12 uses 35% more chips compared with the previous generation of 4G phones.

With a market capitalisation of US$575 billion ( RM2.32 TRILLION), TSMC is now the 10th-largest listed company in the world by market value, and the third biggest in Asia behind Tencent Holdings Ltd and Alibaba Group Holding Ltd. Not even tech leaders like Facebook, Apple, Amazon, Netflix and Google, or the so-called FAANG stocks, can match the surge of the chipmaker.

The US-China tech war has begun to heat up over the past two years, it has been forced to take sides and throw in its lot with Washington. Before the US-China tech war began, Huawei was its second-biggest customer behind Apple, accounting for over 16% of total revenues, with mainland China as a whole making up just over 22% of the total capacity. At Washington’s insistence, TSMC stopped supplying to Huawei last July.

Dnex to ride on Malaysia Digital Economy Blueprint
---------------------------------------------------
By the end of this decade, Malaysia will become a high-value-added economy and a net exporter of home-grown technologies and digital solutions, according to the road map set out in the Malaysia Digital Economy Blueprint.

"The role of digital technology is evident, especially since a year ago, following the outbreak of the Covid-19 pandemic, which has led to all countries facing difficult challenges to continue business as usual," said Prime Minister Tan Sri Muhyiddin Yassin at the launch of the blueprint yesterday.

To achieve this, RM21 billion will be invested through the National Digital Network (JENDELA) over the next five years; RM1.65 billion will be invested by telecommunications companies to strengthen connectivity to the international SUBMARINE CABLE network until 2023; RM15 billion will be invested to roll out 5G nationwide over a period of 10 years; and between RM12 billion and RM15 billion will be invested by cloud service provider (CSP) companies over the next five years

Dnex is into managing Submarine Cables.

SilTerra- A massive boost for DNex
----------------------------------
The current trade war between China and USA will force China to look for alternative plans with regard to Semiconductor foundries.

Silterra which is the fully owned by Malaysia will be the alternative way for Beijing CGP Investment Co Ltd. to obtain the chips supply. The 60: 40 ratio shareholders between Dnex and CGP will be just nice. Silterra is still Malaysian owned.

Beijing CGP who owned SMIC chip foundry will surely transfer their technology to Silterra especially the 12 inch wafer fabrication technology. Sooner or later, the number of advanced IC chip technologies (300mm) will be transferred to Silterra.

Silterra is allowed to purchase high end IC chip fabrication machines from USA, China is banned from purchasing such machinery from USA. In return, China will buy back the IC chips fabricated by Silterra that is urgently needed by China industries. Going forward this is going to be really huge business for SilTerra.

This JV with China will benefit DNEX and its share price is expected to perform really well.

A few analyst are of the view that Dnex 's share price should reach at least Rm2-80 by the third quarter.

You are absolutely correct, spot on !

Posted by avatarsnipe > Feb 20, 2021 4:06 PM | Report Abuse

Wait.... mitchu... you are rr88 right. Different username, same person.

Bro, its your money you decide- all I can say is this stock is good to INVEST not Gamble.

Posted by HosehLim80 > Feb 20, 2021 12:49 PM | Report Abuse

Anyone staying at level 79? Sell or keep? Can advise?

@peyoy- bro, many thanks for sharing. DS Syed Zainal has what it takes to turn Dnex to a Regional giant.

Going by this 30 % Bumi held requirement- Amanah Saham Bumiputra may be roped in take up the 30%.
---------------------------
"Current shareholding requirements warrants for at least 55% local shareholding, with at least 30% bumiputra-held. "

SilTerra set to see brighter days ahead.
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The current trade war between China and USA will force China to look for alternative plans with regard to Semiconductor foundries. Silterra which is the fully owned by Malaysia will be the alternative way for Beijing CGP Investment Co Ltd. to obtain the chips supply. The 60: 40 ratio shareholders between Dnex and CGP will be just nice. Silterra is still Malaysian owned. Beijing CGP who owned mainland China IC (SMIC) chip manufacturers will surely transfer their technology to Silterra especially the 12 inch wafer fabrication technology. Sooner or later, the number of advanced IC chip technologies (300mm) will be transferred to Silterra.

Silterra is allowed to purchase high end IC chip fabrication machines from USA, China is banned from purchasing such machinery from USA. In return, China will buy back the IC chips fabricated by Silterra that is urgently needed by China industries. Going forward this is going to be really huge business for SilTerra.

This JV partnership with China will benefit DNEX and its share price is expected to perform really well.

Dnex 's share price closed at at 69sen today.

Fret not for Malaysia’s rubber glove sector ‘still has legs to run’
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SENTIMENT towards the glove sector has doubtlessly changed – as evident on the stock price regression of the Big Four glove counters – given the rapid development on the COVID-19 vaccine scene.

Some investors have increasingly shifted their focus to recovery beneficiaries which has led share price correction of glove stocks across the board on Bursa Malaysia.

On the other hand, most glove companies expect 2021 to be a stronger year for them due to higher volume as a result of their production expansion coupled with higher average selling prices (ASPs) compared to 2020.

Some players expect sequential quarter ASP growth to continue into 3Q CY2020. While this is possible, MIDF Research opined that the rise will be at a smaller quantum due to the high-base effect.

https://focusmalaysia.my/markets/fret-not-for-malaysias-rubber-glove-sector-still-has-legs-to-run/

LATEST NEWS ON GLOVES-

GLOVE prices remain ROBUST amid supply SHORTAGE- The STAR
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CORPORATE NEWS
Friday, 19 Feb 2021


“Other than the shortage in nitrile rubber gloves, the industry is also facing a labour shortage due to the closure of international borders, ” the research arm of MIDF Amanah Investment Bank Bhd said in a note yesterday.

The average selling price (ASP) of rubber gloves is expected to remain robust in the next one-and-a-half to two years, since industry players are projecting a shortage in nitrile gloves that could possibly last until 2023 due to the shortage in raw material supply, MIDF Research said.

“Industry players are expanding at a faster pace to keep up with demand, but it is not done without challenges.

It noted that the established glove players expect to further automate their processes in order to reduce the number of workers per million pieces.