Oil n gas counters hard to goreng up due to few factors; first most oil n gas counters in Malaysia r making losses or having small profit n highly indebted.... Second factor, oil price at USD40-45 n world economy still bad n uncertainty..... Third, many oil n gas counters got huge outstanding shares....

The buaya give bad news to pull down share prices of gold related counters.... some investing in glove counters then spreading negative views at other counters.... bad intentions...

If Poh Kong n Tomei willing to sell at lower prices as those medium size retailers , the sales will be quite good coz the Malays still purchasing gold accessories after gold reached USD1950-2000 at jewellery wherea many Chinese feel expensive n less willing to buy at high gold price level.... Those existing inventory was bought at USD1470-1500 level n now market price is USD 1960-2040....

Comfort is cheaper than careplus n harta n Kossan in valuation but not easy to go to to Rm6.50 n above again .... So far the 6-7 glove counters, only Topglove n Supermax quarterly profit near market expectation... Kossan result will be out soon as well ...

newbie a glove counter investor? Come here to spread negative news??

Niche , Poh Kong n Tomei falling down rapidly got small correlation with world gold price dropping to USD1980-2010 level ... profit taking by many earlier investors n buaya n some giving negative comments about gold related counters pull down the share prices dramatically...

Nice is too expensive at 24-25 cents n above , sell before too late .... Niche still making losses in last few quarters, buy other gold related stocks better ...

If Poh Kong can drop back to 60cents then those holding Topglove, Harta , Kossan , Supermax n Careplus should feel worried that those glove counters will drop 30-40% as well ..... Panic selling make 70% of the counters which have gone up 100% n above in last 2 months to fall back to lower level ...

Comfort not much momentum to go up, should wait for below 5.05 or 4.96....

rr88, how about technical analysis for Harta, Topglove n Careplus ? Look good ? Give some views ...:)

Niche has poor financial results for many quarters n even 20-25 cents is very expensive.... be cautious to play/ invest this counter....

Chtan, U really think U guys understand glove counters very well? Harta n Supermax n Careplus should be classified as overvalued coz careplus has up more than 20-25 folds from January n Supermax has gone up 13 folds from January average price of 1.55.... Harta always with PE36-38 at last year n gone up about 250-280% from January.... Even Supermax posted net profit of 12-13 times of average quarterly profit of 30 mil... Pls keep in mind, Top 4 glove counters n comfort n careplus only can have wonderful profit in their 2020 year end n 2021 year end .... For logical thinking , Supermax n Kossan only can use PE 19-20 (of financial year 2020 or 21) to calculate fair share prices ... For more established n technology advance Topglove n Harta , maybe using PE24-25 to be rational but those analysts of investment banks using PE of 28-30 to calculate fair TP of Harta n Topglove n using PE of 24-25 of peak profit to calculate fair value of Kossan n Supermax... what will happen to profit of top 4 n comfort n careplus in year 2022-2023 ??

Supermax profit also up about 12-13 times , not 20 times, close to expectation; while comparing quarterly profit, we should use quarter vs quarter method , not compare to last year quarterly profit for glove counters... 30mil was Dec quarterly profit ( choose quarter before pandemic started ) n this quarter has jumped to 399 mil...

heng, as long as below 43-44cents , should be able to gain in near future ....go go go....

TVz, a fan of glove counters comes in here every day to give negative comments? If those Poh Kong n Tomei have inventory of last Sept to Dec , their cost per ounce was USD1470-1500 ...Even sales have dropped 25-33% in May to July , their profit margin is much higher if they r selling existing stocks... So, those said investing n speculating Poh Kong is irrational, then those still buying Harta , Supermax n Careplus after their share prices already up 3-20folds, r 3 times more crazy n don’t understand value investment...:)

Niche is small jewellery company n just holding 15-16 mil of gold inventory at last year end; with 700 million outstanding shares, per share of Niche only has 2-3 cents of gold ... Niche is very expensive even at 15-20 cents, be cautious, dont simply listen to those said it is still cheap n easy to go up...

Only Topglove n Supermax can deliver quarterly profit near expectation, other r overvalued n too expensive.... investing in glove counters are even more dangerous than investing/ speculating in other counters...

Those bought below 80 cents only having lower profit per shares ... Poh Kong n Tomei 3 times more solid than Niche , many ppl go to goreng Niche at 30-40 cents..... Niche is small company with only 15-16 mil inventory, already expensive at 30 cents...

K1 n Krono also doing digitalisation related businesses.... Krono provides services of data storage , cloud computing n some IT infrastructure services .... K1 has gone up 180-200% from last December price of 22 cents to 56-58 cents, by right, Krono should go up 80-90% to above RM1.... Krono balance sheet n yearly profit also much better than K1...

Profit taking n correction from glove counters , the profit taking effect spread to other health care counters n gold related counters.... Top 4 glove counters may face 10-13% correction from Friday closing prices ....

Profit taking started from overvalued top 4 glove counters then careplus n comfort ... Gold will remain at USD2000-2150 for next few months but both Poh Kong n Tomei has gone up from last 6 month average price of 52-57 cents to 1.60-1.75 (Tomei even 20 cents higher than Poh Kong)... Malaysians lack of platform to invest in gold coins , investing gold at USD1800-2000 to hedge against inflation n falling purchasing power of ringgit or USD not really crazy ... Maybe 1.70 n above for Poh Kong is expensive n half crazy ... :)

Both Kossan n Supermax only can use PE 22-23 to calculate fair value ; if using PE 25-26 become unrealistic n too optimistic toward the near future of glove industry... Even earning 130 mil quarterly net profit, can’t justify the share price of Rm20-21....

Supermax is too expensive even quarterly profit reach 120-130 mil ( jumped 300% from 30 mil ), still below expectation.... Supermax fans have to be cautious....

Can’t even hit 30 cents yet , why talking about 50 cents or $1? The company having poor quarterly results for 2 years, should be not easy to go up to 30 cents in 1-2 week time ...

From last December USD1480-1490 per ounce to these 2 days , USD2030-2045..... Investors can calculate how high probability that Mui property or Borneo oil strike gold in order to invest or don’t invest in the 2 counters ...:)

Poh Kong has 550-560 mil of gold inventory at last year end ( as mentioned in the annual report ) n Tomei has about 320-330 mil of gold inventory as well ; both counters can benefit from gold prices gone up from 1480-1490 of last December to today USD2030-2045 per ounce .... Borneo oil n Mui property both own the mining lands ( concession ) but not yet producing gold yet ... It depends how the inventors calculate the probability of the 2 counters to start to produce gold out in near future ....

This company is small jewellery company with less than $16 mil inventory even though the company has not much debt .... In other words, it even get less benefit as Poh Kong or Tomei which holding 550 mil n 330 mil in gold inventory.... From 10 cents gone up to 40 cents, already gone up a lot ....

The more important factor for this counter to go up to 50-55 cents n above should be the chance to strike gold of its subsidiary at Australia; wherea with the uncertainty in world economy n the continue minor lost of confidence toward USdollar , gold price should maintain at USD2000-2100 n even higher until next year...

Even with market cap of rm300-420 mil, Borneo oil last 4-5 quarter profits are kind of low.. exploring n producing gold in ok quantity is tough jobs ....

Actual fact is careplus the most overvalued then Harta n Supermax.... Comfort got better value than careplus ; careplus last quarter result of Rm35 mil ( 15 mil was from one off profit from sales of 50% of a subsidiary).... experienced retail investors should have doubt how a tiny glove manufacturer able to post Rm20 mil profit wherea its average profit per quarter only about 1 mil or even lesser in previous year....:)

Top US investment banks forecast for gold will go up to USD2200-2300 within 12 months , not USD2500 or 3000 ... The gold will maintain at above of USD2000 for at least one year due to uncertainty of world economy , some lost confidence toward US dollar ( after unlimited QE )...

Kossan n Supermax quarterly report will be out soon n it looks like investors n buaya supporting Top 4 prices since Harta reported not so good quarterly profit.... Comfort n Careplus may face selling of shares again coz both counters have gone up faster than Top glove ... be cautious mode for the 6-7 glove counters...

Those said investors who investing in Poh Kong or Tomei being irrational , is kind of irrational... Poh Kong holding 550-560 mil of gold inventory at last year end n most of their gold bought at below USD1500 ( last year Aug to Dec ) n with net debt of about 150 mil , it has solid balance sheet ... The gold holding value has gone up 35-38% ( from USD1480-1500 to this week USD2030-2070), the gold golfing has gone up to more than 760 mil ..... For Malaysian retail investors, investing in gold papers is kind of unwise due to high difference of buying n selling price n very few platform/ places for us to buy physical gold like gold coins or gold bar..... lack of options of investing in gold become one of the factor for some to invest in Poh Kong n Tomei ...

What happen to Tomei ? How come cannot key in ?

Mui group has not been performing in last 15 years due to conservative style of the senior Khoo .... The subsidiary at the moment still exploration stage at mining areas of Australia but this company is not making losses in last 3 years.... Malaysia Bursa doesn’t have mining companies for investors, gold fancy will continue for few months...

Oh, Tomei has gone up even faster than Poh Kong ....

One quarter of loss the main reason for Krono to drop to below 65-68 cents in last 2-3months , guess so...

Poh Kong having RM560 mil of gold inventory at last year end ( while world gold price was USD1400-1480 per ounce ); now ytd gold has gone up 35%.... the value of gold holding is more than 770 mil even though Poh Kong has debts of more than 150 mil ....:)

Agree with Henry , below average quarterly result of 100% increase from last quarter net profit don’t justify the share prices of above RM18... Some big players n sharks still lifting the share price in order to boast the confidence level of those retail investors.... Harta should drop to below RM18 or 17.50 to be rational....

When will the next quarterly result come out ? Within 2 weeks ??

Harta not so good result should pull harta back to RM18 but big sharks lifting the share prices... quarterly profit only up 120-130%, below expectation....

It looks like big sharks lifting the share price of harta to boast the confidence level of retail investors... Harta result should be the worst among the top 4 handglove counters for this quarter....

Harta is overpriced with only 100-110% increment in quarterly net profit.... market expect can increase 250% n above .... should drop back to below RM18 to be rational ....

If still not yet in, shouldn’t get in while it is above 1.10.... wait for lower entry price ....

Very expensive after gone up to Rm4.00 n above ....

Maybe to cash out some of the holdings while the price is more than 86-88cents.... but Poh Kong is undervalued if below 80 cents....

If Careplus can go up to RM 4.40-4.60 with quarter profit of Rm20 mil n comfort can go up to Rm6.00-6.50.... it should be able to go up 1.40-1.50 if retailers keep goreng it ....

Today oceancash momentum is strong , so fast reach RM1.10..... Non woven fabric is high demand since pandemic getting worse , only Oceancash n Tek Seng producing Non woven fabric in huge quantity in Malaysia...

During beginning of July , Comfort was not yet Rm4-4.20, should be below 3.85/3.90....

Those think Bat cannot maintain 270-300 mil net profit for this year may reduce their investment in Bat but behave like half professional or as fund managers to talk bad about Bat without more solid financial n accounting weaknesses to prove is kind of irrational n arrogant .... The high illicit cigarettes level of these 2-3 years the main reason the profits keep dropping in last 3 years but Bat already at low valuation n if retail investors have faith to Bat , shouldn’t have too low confidence level for BAT profit for this year n next year.....