Higher online transaction penetration (boosted during the MCO period) should help to bring in more profit in the future.

am I right to say myeg has yet to announce ex-date for 2.5 sen (2.0+0.5) dividend?

operating cash flow very strong!

what is the 'development cost' 60 mil? come out this quarter. last quarter no this item.

Result today?

https://www.reuters.com/article/us-health-coronavirus-argentina/argentina-daily-covid-19-cases-top-10000-for-first-time-idUSKBN25M2WU?il=0

Argentina posted a record daily rise of 10,550 COVID-19 cases on Wednesday, the health ministry said, taking the total caseload to 370,188 as the country struggles to rein in the spread of infections while trying to ease open its crisis-hit economy.

Malaysia's Petronas and South Korea's LG Chem sign an agreement to build a plant in Malaysia to begin producing the raw material for synthetic rubber gloves in 2023. The use of nitrile gloves has surged amid efforts to prevent the spread of COVID-19 and other infections.

https://asia.nikkei.com/Business/Business-deals/Malaysia-s-Petronas-and-LG-Chem-to-build-glove-material-plant2

Supply chain expects step-up and sustainable demand.

https://www.theedgemarkets.com/article/newsbreak-iris-myeg-front-runnes-niis

Congrat to those still hold

https://klse.i3investor.com/blogs/tradeview/2020-08-05-story-h1511555623-_Tradeview_2020_Riverstone_Holdings_Ltd_AP04_Q2_Results_Commentaries_No.jsp

Sales up 23%. Net profit up 100%. 4x?

Think so

Below articles shows how explosive it can be the profit and the share price!!

----------------------------------------

After years of flat profits, Mercator benefits from virus demand on gloves

WARSAW (July 22): Some investments take time to pay back.

Poland’s Mercator Medical SA bought its first factory producing latex gloves in Thailand in 2006, and tripled its capacity over the next 10 years. Initially, the investment didn’t help its market valuation, oscillating around the US$25 million mark in recent years. But demand for medical supplies amid the coronavirus pandemic changed all that.

Mercator shares rose 72% on Monday, after company reported second-quarter net income of US$54 million, four-times more than its cumulative profits in the last decade. The stock got another boost on Tuesday, ending 16% higher, and was Warsaw’s second-most traded stock after management said record earnings weren’t a one-off. The gains bring this year’s rally to 3,277% — surpassing its bigger Malaysian peers — and valuing the company at US$924 million.

Even so, the company’s founder and Chief Executive Officer Wieslaw Zyznowski, dubbed the “Polish rubber king,” isn’t considering cashing out of his 76% stake. Instead, he plans to invest in new production facilities in Thailand and expand into complementary businesses.

“During the war, we should prepare for peace,” Zyznowski, who has a PhD in philosophy, said on a videoconference on Tuesday. “We are working on scenarios for the company for the time when Covid-19 will be eventually tamed.”

https://www.theedgemarkets.com/article/polish-gloves-maker-mercator-medical-sa-sees-3277-stock-rally

https://klse.i3investor.com/blogs/koonyewyinblog/2020-07-22-story-h1510664025-Top_Glove_8_Investment_Banks_updated_target_price_Koon_Yew_Yin.jsp

He started buying back supermx again!

Let's remember today is Glove Day!

SUPERM Look at new report by RHB ........... marvelous TP ....... RM18.88

-----------------------------------------

Weekly revision! Next week to revise again :-)

Now Top Glove mask also in high demand! Condom likely to be best selling too.

https://www.reuters.com/article/us-singapore-election/in-masks-and-gloves-singaporeans-vote-under-covid-19-cloud-idUSKBN24A3A3?il=0

notformoney Many naysayers look askance why Supermx break record high since April. The actual fact is its OBM model make a lot of profit that many people are unfathomable and beyond believe. Estimated 4 qtr PAT around 300 - 350 mil compare to Kossan 100 - 150mil. I think many IB or insiders get a first look at it this few days and that's why its share price goes off the roof today.
Tomorrow will be Kossan AGM and I believe their response about ASP and few other key information will be similar to Comfort's response. That is the reason why share price of Comfort stay dovish since AGM. I think Kossan investors will abandon ship and move to Supermax tomorrow due to non explosive ASP compare to Supermax.
Share price of Supermax can easily double of Kossan. That is my take.
09/07/2020 5:52 PM
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I have the same feeling.

Add me please. Thx

https://www.straitstimes.com/world/united-states/new-swine-flu-found-in-china-has-pandemic-potential

https://www.straitstimes.com/world/united-states/new-swine-flu-found-in-china-has-pandemic-potential

https://www.theedgemarkets.com/article/macc-raids-premises-glove-maker-wrp-part-probe-former-ceo

https://app11.myeg.com.my/PSPEMP/

PRIHATIN SCREENING PROGRAMME

Posted date 2 June 2020

With effect from 1 June 2020, employers are allowed to claim a subsidy of RM150 for every COVID-19 screening undertaken by their workers who are SOCSO contributors. Employers who wish to streamline the screening process are invited to register on our website here. We will arrange for COVID-19 screening to be conducted by trained medical practitioners at the employers’ premises subject to a minimum of 50 persons per location, adhering fully to the Ministry of Health guidelines. Workers who are not eligible for the subsidy can undergo the screening at a fee of RM150 per person.

Someone knows potential of the investment in AI. Though % is small but it is of great dollar and cent to myeg.

poseidon80 Aero1.. is there’s connection to Myeg?

On 20 July 2016, MYEG had via its wholly-owned subsidiary company, namely MY EG Sdn
Bhd ("MYEGSB"), incorporated MY EG Lodging Sdn Bhd ("MYEG Lodging") as a 55%-owned
subsidiary. MYEG Lodging was incorporated primarily to oversee MYEG's FWAP. The principal
activities of MYEG Lodging are to build, own and operate hostels for foreign workers. Further
details of MYEG Lodging are set out in Section 2.1 of this announcement.

On 16 August 2016, the Company announced that MYEG Lodging had entered into three
tenancy agreements with the Melaka State Development Corporation ("PKNM") for the rental of
three hostels comprising 512 accommodation units by MYEG Lodging to serve as hostels to
foreign workers. The three hostels are located in Alor Gajah, Merlimau (Kawasan Perindustrian
Merlimau) and Londang (Kawasan Perindustrian Londang), all in Melaka. The aggregate lease
consideration payable by MYEG Lodging to PKNM is RM195,000 per month and the term of the
tenancy period shall be valid for three years.

To date, the two hostels in Kawasan Perindustrian Londang and Merlimau are fully operational
while the remaining hostel in Alor Gajah is expected to commence operation by the third
quarter of FYE 30 June 2018.

https://www.theedgemarkets.com/article/mtuc-calls-tripartite-meeting-solve-foreign-workers-issues

Is this once myeg was aiming to go big? Myeg currently has quite substantial rental income from this (apart from Myeg Tower)?

Bursa asked. I want to audit your statement. Show me the Government letter.

better change ship to myeg. EPF now shareholder also. income more diversified. technology tested unlike dsonic.

The directors too leveraged in shares. Very risky.

The company cash flow not strong but do strong buy back. Very bad financial control.

Auto business leap higher. Financing receivables jumped more than 100m.

Bright spot. Overseas investment increased. Confident!

Potential. This news not about dollar and cent. But its potential.

Opr to be cut another 25bsp should benefits potential and existing house buyers.

Indonesia cpo selling at premium to malaysia. True

https://www.theedgemarkets.com/article/indias-curbs-malaysian-palm-oil-imports-stir-edible-oil-trade

Myeg aims to cash out upon shares listing of fashionvalet.
Myeg's investment in AI firms bearing fruits?

Window of changing vendor in Malaysia becomes narrower? Myeg stands higher chance ...

Now that it shows the tax monitoring devices are working in Indonesia. Write back of impairment?

https://www.bursamalaysia.com/market_information/derivatives_prices?code=FCPO

MKH has planned it well.

Mirai project marks the beginning of more high rise properties in the freehold Kajang 2.
It is a massive project and its partnership with Panasonic Home is set to raise its image and profile of the project in order to attract more buyers.

https://homes.panasonic.com/english/
https://www.panasonic.com/my/company/homes/

The idr has just advanced so do your assets in indonesia.

1-31 JANURY 2020 EXPORT FIGURES:
AMSPEC : 1,231,385 VS 1,349,224 ( - 117,839 )
SGS : 1,220,484 VS 1,325,201 ( - 104,717 )

Not too bad considering CNY in January.

Back to 1 billion but still vey tempting. With the cut in interest rate, both engines run even better.

https://www.theedgemarkets.com/article/bnm-cuts-opr-275-preemptive-measure-secure-improving-growth-trajectory

Trend still intact.
Mirai at Kajang 2, a high rise JV with Panasonic, expected to be received well. Bode well for more high rise projects in Kajang 2.

8 billion
Are you kidding me?
Who will put in money? Structure funding?

second phase of new york casino almost completed
+ 400 rooms
+ additional 30k sq ft casino space
+ Dining space
+ Retail space

MYR rate curve has been adjusted to be lower signaling a potential rate cut.
If it happens this Wednesday, should be positive to the property industry and a powerful boost to MKH's line of properties.