Careplus, Aventa all move d..
Now Ruberex is the cheapest Glove Stock in town.

My TP is RM2.00 by next Friday.

Really really very interesting to see who is the new substantial shareholder for Ruberex.

Really disappointed with the management.
If MHB is manage by Dialog, sure the outcome will be different.

Glad to see so many supporter here.

The 30th largest shareholder is 484,000 unit. If Danco continue maintain at 60sen level for the next few months, and the business performance remain growing, I think I have chance to enter into the Top 30 shareholder list.

Hopefully today close above 1.33

Market Cap 1.1B only. Still very cheap, after take into account the 2.5bil production capacity.

Collect more on 1.36 level

So far I think I am the one that continuing collect Danco.

Is there any Danco fans here, please stand out and support support.

Coz I am very lonely.

subby11, from accounting perspective, the penalty should be recognised based on the date it become liable, instead of date of payment. If not mistaken, the judge order is on march 2021, so the penalty should be recognise in Q1 2021 report.

Hold bah.

Your risk is very low.

If it go down, maximum it back to RM1.00. (33% loss)

If it go up, it can back to RM3.00. (100% gain).

Wow.. the KIM Stockwatch also in the list, he got so famous until SC want to ban him?

What happen if the stake is bought by Brahmal (Creador Fund)?

Will Ruberrex skyrocket to RM6.00?

Another good performance day.
One may think that the share price has already went up a lot.
But please look at the market cap, only RM146mil.
This is too cheap man!!
Where can you find a company that can consistently achieve PAT RM10mil per quarter with market value RM146mil?
Trust me, if this quarter can achieve another RM15mil PAT, this counter will go up all the way to RM2.00.

Ruberex transaction volume very high, something very strange, anyone can explain?

Leon Fuat never disappoint us

Why palm oil stock cannot move ya, really wondering.

Waiting for what catalyst?

I believe Super Thursday will come tomorrow.

Aiming to touch RM6.00.

Hahahaha!

Sleeping beauty, continue to collect and keep under the mattress.
One day wake up and see, it become a beautiful girl.

tomorrow can break 90sen?

If LUXCHEM tomorrow can hit RM0.90, then TEXCHEM should be able to touch RM1.25

Because Dato Eddie Ong already hold more than 51%, so he has no intention to let the Company hold the treasury share, this will reduce the market share floating.

That why, everytime after share buy back, sure he will re-sale those treasury share at some minimal profit, because his intention is NOT to hold treasury share.

Good closing.
Look at LUXCHEM RESULT, can we expect TEXCHEM to hit RM15-18mil this quarter?

If coming quarter TEXCHEM posted a good result EPS 9-10sen, plus a sudden announce of Bonus Issue 1:1, or maybe Free Warrant 1:1, or maybe stock split 1:2, then it will be jackpot for all the shareholder. I believe share price will go up to RM1.70-RM1.80 minimum.

他指出，在最新一季，集团录得有史以来最高盈利，拥有强劲现金流。

“紧随产能增加，相信未来几季的盈利可持续增长。”

早前集团在公布亮眼第四季与全年业绩时，预测2021年将是强劲一年，因为25亿个丁腈手套已全被订购，预计2021财政年在营收与盈利贡献更显著。

Actually why you all keep mentioned about penalty RM2mil? Based on Bursa Announcement, the amount is RM1.108 mil only, how come you all can round it up to RM2mil? Did I overlooked anything?

after look into Kossan Q1 result, I think need to adjust upward my profit forecast for Rubberex.

Revised Estimation PAT should be RM80 - RM85 mil.

EPS should be between 9-10 sen.

Holy shit.... if Kossan can have 1bil PAT, can't imagine what will happen to Harta.

Collect some... hehe

Ruberex previous high is RM3.00, we expect this round uptrend will at least hit 75% of the previous high, so minimum will hit RM2.25.

The acquisition of UTC Engineering has completed today, good news.
With the increase dividend policy and aggressive expansion through acquisition, I believe next quarter should be booming.

My Sifu Cold Eye always said :-

没成长，不要买
有成长，不要卖
成长长，长持有
成长短，短持有

我在股海漂流了16年才略懂这四句话的真谛。

Seem like TP1.28 can achieve soon.
Congratulate to all TEXCHEM believer.

If comfort back to RM3.00, then the free warrant I think will worth at least RM0.80 rite?

So if you hold 100,000 mother share, then you will get 30,000 warrant, sell at Rm0.80, then u cash out RM24,000. Not bad rite?

roger3210, thank for your advice.

Don't worry, we are long term investor which aim more than 100% gain within 2-3 years. For me, RM0.60++ (or market capital below RM200mil) is consider a good entry price.

If the legal case can caused the share price drop lower to 50sen or 40sen, then it would be even better for us to collect.

My wild guess, PAT RM75mil for Q1 quarter result.

Becareful, seriously need to becareful with your hard earn money.

All this while, MINDA is only worth RM0.06.
Assume all the 84,000,000 new issue share are subscribed by LWC, his cost is only 84mil x 0.06 = RM5,040,000 only (equivalent to 1mil unit of Top Glove share only).

Why LWC invested in MINDA, because LWC and Minda Bosses are long time good friend, so when MINDA is facing cash flow problem, sure LWC will support. Because nowadays market only Glove maker has tonnes of cash, that why Tropicana, LBS all asking LWC to support.

For LWC, definitely he has no intention to involve in this MINDA business, so if the share price increase so fast from 6sen to 18sen, maybe LWC will dispose his investment, or maybe MINDA boss will dispose some also to cash out for his own personal purpose.

So, conclusion, becareful. If you oredi bought Minda before, then congratulation, but please dont greedy to chase high.

If you not yet buy, then forget about this, this money is not belong to you, dont chase.

Keep accumulating.. donno how long to wait, but I will stick to my plan.
Although the RM1mil++ losses may charge into P&L coming quarter, but I am still have my trust on the management capability, as this company has 1 legal case only for the past 10 years. Should be consider very well manage company.

I am so grateful that I discovered this stock.

First target achieved, now waiting for 2nd target.

TP 1: RM0.985 (Achieved)
TP 2: RM1.28
TP 3: RM1.55

very soon will back to RM2.60

Ya, donno what happen to Kossan.

But actually Kossan is the most potential, as its ASP still lower than other.

Leonfuat is the best steel stock.
RM1.00 coming.

I am really really fully loaded with TEXCHEM..
Very soon it will touch RM1.00

Accumulating MHB, something brewing.

Fishy, something is brewing.
When a deal look bad in front of everybody, there might be some hidden agenda behind.

positiontrader, you have raise a very good question.

To answer your question, we can think from few perspective:-

1) For any manufacturing business (especially those heavy asset industry), it is always more secure to operate in your own building, instead of rent from other people. Because your business operation cannot afford any risk of relocation. For steel manufacturer, all the plant & equipment, boiler, production line are installed for 10-20 years purpose. You cannot afford the losses to dismantle and reinstall.

2) I am not sure RM28mil is a proper market price or not. Let assume it is the market price, then the question is why want to buy instead of rent. Based on my understanding, in current market situation, many steel producer do not dare to do further expansion. When you business are making money, and you got no plan for expansion, the best way is to buy land.

3) If you are a businessman, I am pretty sure you understand the concept of use your business cash flow to buy land. Let give you an example, I knew a business man, he is involve in small manufacturing business. Over the past 20 years, the business got up got down, he has made RM3-4mil profit per year before, he also suffer Rm2-3mil losses per year before.

When he decide to let go his business, the business is making very minimal profit, around RM400k per year only. If you look at his factory and the machinery, all are old and outdate, maximum worth RM1-2mil only.
That mean, for the new buyer, if using PE Ratio to calculate the company value, maximum is 4 times PE x RM400k - RM1.6mil. If based on NTA, it is also RM1-2mil only.

That mean, for the past 20 years hardwork he has put in, the company is worth maximum RM2mil only. But fortunately, over the past 20 years, he has use his business cash flow to buy land, buy factory. He has total acquired 4 pieces of industrial land, and 1 factory over the past 20 years. Now this land and factory is worth RM25-30mil.

So back to your question, maybe after 10-20 year later, the balakong land can worth RM60-80mil, then you will understand why the company want to buy it instead of rent it.

I been investing in Leon Fuat many years...
Compare to KYY, I think he only invest in Leonfuat last week only...
My cost is 30-40sen, his cost is 70sen..
And this company really shows improvement every quarter, and share price gradually up. With or without KYY, the share price still around 60-70sen.
For me, steel counter will continue show good profit at least for next two quarter... Unless KYY push the price to RM1.00, if not then no point to sell now.

Regarding the CBP claimed that Top Glove is using Ex-convict labour, I want to emphasis that this is actually Malaysia Government initiative to encourage manufacturer to engaged Ex-convicts, Parolee...etc. You can google it around, LHDN is actually offering Double Deduction Tax Incentive for company who employed Ex-convicts and Parolee.

http://www.federalgazette.agc.gov.my/outputp/pua_20190611_PUA164_2019....

I have many friend work in manufacturing line, they also consistently approach by some agent from Jabatan Penjara, to ask them for hiring those ex-convicts and parolee worker. This is the initiative from the Government to ensure all these ex-convicts parolee can survive in the job market.

How come now this good initiative become a problem that restrict Top Glove from export its product to US market.

Wow, uncle KYY buy my favourite LeonFuat.
Let see how powerful this uncle KYY

The key problem is they appoint 中金 (CICC) as the Sole Sponsor for the HK listing. If they appoint Goldman Sachs or JP Morgan, then all problem will be solved.

Ben Tan, regarding the CBP claimed that Top Glove is using Ex-convict labour, I want to emphasis that this is actually Malaysia Government initiative to encourage manufacturer to engaged Ex-convicts, Parolee...etc. You can google it around, LHDN is actually offering Double Deduction Tax Incentive for company who employed Ex-convicts and Parolee.

http://www.federalgazette.agc.gov.my/outputp/pua_20190611_PUA164_2019.pdf

I have many friend work in manufacturing line, they also consistently approach by some agent from Jabatan Penjara, to ask them for hiring those ex-convicts and parolee worker. This is the initiative from the Government to ensure all these ex-convicts parolee can survive in the job market.

How come now this good initiative become a problem that restrict Top Glove from export its product to US market.

Ben Tan, I really appreciate all your article, it was so informative, and all quote was supported by the fact n figure, as well as the original source.

If one day you publish your own book or journal, please let me know, I will definitely support you.