Its obvious who is losing the war. EU will go into a big recession, have to deal social unrest, failing economies. All their leaders are also on the chopping board...Russia survived sanction since they wrongly blamed for MH17 and they accummulated 600B USD with a much lower oil price then. How about you guess how they are doing now

I'm still holding. This should easy go up to 31 soon

Moving up again. Just shows sometimes investors overreact and panic. From 22.5 that day its been smooth sailing and no synd here for sure

@sivadas, some ppl get a thrill when other ppl lose money. There are plenty of these spammers around. Not 1 comment on the financial, business or why they think the valuation is not right

That day i posted 22.5/23 was a good price. Now it lookin more stable.

Definitely exceed IPO for sure. Its just a matter of timing. If the business is genuine, growing and profitable with dividends, shouldnt be an issue. Once QR announced, i suspect they declared a dividend, definitely above FD rate.

Buyers strong today. I think they must be some good upcoming announcements

Time to buy. This is a very long established company with growing profits every year. At this price 22.5/23 cannot go wrong.

So many sellers today

This is what happens what we have half baked sifus all wanting to give their recommendations either becoz they have sold or for whatever reason, they are lazy or cant understand how things actually work

PP 30% was approved in July 2020 for 496M shares of which 431M had already been placed out earlier and they had further asked for extension to Aug 2021 to complete the balance of the PP. So we have another 65M shares to go under PP.

Is there dilution ? Yes there is, but this short term. But why are you complaining now when the bulk of the earlier PP block of RM431M was issue at as low at 17 cents in October 20 to 73 cents in March 20. You want a company to grow but you dont want them to raise funds through PP, Warrant conversion. Then how you them to fund all their acquisitions ? Do a rights issue ? Then everyone will be grumbling.

If the company gets all this funding and earnings dont improve then its EPS dilution. If the company increases profits with all this funding ( PP, Warrant, Rights issue ) then its the most logical thing to do.

@WithGodITrust Dont mind can share the for the CGS CIMB Report TP88

It has been going up almost everyday except for a few particular days and -5 cents during HKEX issue. Buyers decided to hold back buying last Friday so thats why volume is so ridiculously low ( RM3m-4m shares only vs average of 10m a day ) and price didnt really drop that much telling us that there are very little sellers left at the current prices.

Not many tickets left and when big volume comes this will easily rocket up. I would say this is a real recovery stock. Restructuring complete, low debt, written off non performing subsidiaries and with the right platform to go back to old times when this was a dividend play.

DNEX is definitely not the best choice. They will chose to win for reasons I explained reading in between the lines of everything. Local option is DNEX or GPacket. Who you think has stronger government ties and dont forget DNEX is a Bumi company.

newages00 some ppl worried that the deal will not go through coz a lot of the penny stock companies always make announcements just to to push their shares up. This case is clearly different to me

I think its clear that r88 has an agenda on DNEX. Look at his profile, and most of his 50 recent passionate comments are on a stock is supposedly doesnt own.

Khanazah already announced that they choose DNEX for Silterra without confirming the final price pending signing of the definitive agreement. If you read in between the lines, this means to me the following :-

1) The deal is going through coz Khanazah has never gone back on their word so far
2) DNEX is not the best suitor. They chose DNEX to to be winner for political or nationalistic reasons. Price does not matter.
3) It is in their best interest to keep share price up for fund raising purposes whether its private placement, warrant conversion or new issue of shares to fund this acquisition.

For those that think SIlterra is low tech, you should take a real look at our so called Malaysian 'Tech Sector' and see how many of those are actually Tech and have any actual standing in the world

Once Definitive Agreement is signed, the price will take a big jump.

Traders will take profit. Its obvious everyday the trend is very few sellers and more buying done before closing. Could be foreign funds buying in.

Media turnaround 2nd quarter in a row reinforces the confidence that will be able to stay profitable from now on, after the 2 years of restructuring. They have diverse revenue streams in all segments from online, mobile, tv, radio, outdoor and have an undisputed competitive advantage as long as management team is proper. Recent changes and announcements point to this direction and it wont be surprisingly if big funds start buying in again.

If you consider this. Cash of 300m, debt of about 100m meaning cash per share is about 20 cents and taking Q4 2020 as baseline, FY2021 earnings are conservatively EPS of 6-7 cents. This is a good bet

When was the last time you read an analyst report and follow it and make money

300m plus in cash and debt is only 1/3 on balance sheet. Real turnaround company

I personally think this is a good result. 2nd quarter revenue up and profits increased and there is more in the pipeline. The transformation is over and new management team should be able to do better from now on. MEDIA is now one of the biggest social platform in Malaysia. Lots of upside potential

QR should out soon. I think we should be expecting a good result

Noobee88 : He is a kid that limited financial knowledge but wants to be a sifu. Just ignore him coz he is dying for people attention. Yes gloating over peoples loss should not be encouraged but thats his karma and probably why he is suffering so much

You should read LCT forum back in Apr 20 see what this 'genius' said.

LOL Is this the same foker that was telling everyone in Lotte Chem forum that it is fully valued at RM1.6 back in Apr 20 with his Graham methodology. Maybe you better go back and study so you can at least spell your name correctly

if you were the mgmt and needed to raise funding, wouldnt you push mother to 50 cents so all the expiring warrants can come to life and raise funds instead of PP. The most important thing here is ppl will buy the need to raise funds for Silterra with through warrants or PP. This is not contract manufacturing / engineering works business that our SC define as TECH.

Silterra is actual Tech.

AAX has almost never made money except for 1 year, the past 10 years. Put covid a side. its a failed business model from the start. It only works in Malaysia coz TF has cable to do all the profitable routes, not coz he a super manager or entrepreneur. When he goes overseas, look at what happens everywhere else where its a level playing field. India, Japan etc. I dont think performance of Thailand or Indo is spectacular.

I wont comment on TF 'good reputation' from airbus under-table to screwing AAX shareholders with his 99% haircut while he draws a huge salary.

Why gamble on a company such a poor track record in making money or even repaying their creditors.

Any guidance on current QR ? Apart from the growing orderbook

@sslee that means your supporting Kamala cuz Biden is not even fit to remember what he says and your supporting for 62% tax if you choose to stay in NYC. Madman is likely to win and I wish we had that madman here instead of there.

Thank the madman coz Malaysia is alive and kickin' thanks to trade war

I was expecting a good result actually but a sell down as mostly retailers here who bought for short term and most plan to sell after QR. That's why I sold 2 weeks ago.

Now with this I guess there will be heavy selling.

Actually butadiene prices dont matter at all. I asked the real people in the plastic industry how high prices and demand will benefit LCT previously when we found out that that this was a raw material in the glove industry. Butadiene doesnt even contribute 2% to sales. I guess most people dont know that.

A lot of data you see is just cut and paste, recycled from annual report and selective analysis ( giving you data skewed to the desired conclusion ) without actually knowing anything about their real business and how it works.

And you cant actually compare LCT to PCHEM performance. PCHEM is upstream and does a lot of other chemicals including fertilizers, etc whereas LCT is downstream polymer and monomers. I recall earlier there was someone who kept saying PCHEM is so much better than LCT before the Q2 results.

Anyway, LCT is still a good company but they are no new funds buying now. Need stronger catalyst for that to happen

People who raise profitability as an issue still dont get what is going on the industry after 6 months. Any glove company that was loss making previously when ASPs was USD2 avg will not be loss making when ASPs are now USD7-8.

Efficiency doesnt matter anymore, its about excess capacity that you have.

@wallstreetrookie you are spot on. thats why i always believe that there are people smarter than me in the market, those that make real money consistently. I seriously dont think any funds bought in this round, its mostly retailers.

Ppl who write blogs to promote shares are doing for mostly own benefit so dont blame them coz they obviously have a position. Some of them share with you, but hope you support the share price coz they also have an interest. There are 3-4 ppl who were suddenly promoting LCT the last 1 month, one of which also promoted XOX before.

Secondly, for those who have been in this particular forum long enough, most of the info given the past 1 month was recycled or previously mentioned here so its mostly nothing much new. We knew Q3 would have good I shared this because I consulted my Sifu in the plastic resin business who gave me guidance on pricing / margins etc.

In contrary to what they were telling you, my conclusion of the run up was purely retailers from the 3-4 promoters as if you really analyze the total volume and if you look at the ticket size of the purchases ( from 1k to 10k shares ), you would agree its definitely not funds buying.

So this comes the part whereby why I decided to sell 1-2 weeks ago. If results are super, will most ppl here sell if :-

-limit up
-no limit down
-selling pressure

my conclusion is yes for all the 3 scenarios, so why not exit first as there are limited long term holders and ill will return will all short term holders have left at a lower price.

If some of them has misled you, it could be not because they had intention to deceive you but that perhaps they themselves didnt know.

@soros @kelvin17 i really like this counter. but if anything ive learnt, is to be realistic. my ideal game plan is for funds to buy up thats when we sell. however, i see mostly retailers buying in right now and the mindset will be to sell at announcement of financial result whether its good or not.

I see some ppl have done research on this counter now but i will say not everything is true but i do hope they can report 300-400m this quarter so that there will be a decent dividend or DRS next year.

funds have a sour taste in their mouth due to IPO at 6.5 and current price. they will follow the herd and buy tech and glove sectors instead. This is my analysis of the vol so far.

I was also holding TG previously, and after the good quarter of 1.3b net the share price still took a dive.

I will come back later if price is attractive

Im out from LCT today :) hope u guys continue earning

'James Share Investing' also promoted syndicate stocks like XOX and GPA. Im sure they're a lot more. I dont know why he is here.

ive been trying to collect no volume from 1.78 onwards. very little vol until today

I thought philip was so bullish on PCHEM previously bashing us on LCT saying it was useless company. Look like the tables have turned.

Morpheus Those constantly have seek attention and pleasure in adding salt to ppl wounds is a reflection of what kind of person they are and what kind of person they will become. just ignore them

what a load of crap. just ask them what they are holding now and they will keep quiet. when price up they run away, when it's down they will appear like undead zombies

Just ignore these spammers. They will tell u end of world is coming and they are concern about ppl in the forum

what

Just imagine the kind of margin line the owner will have with his shareholding and the fact that IBs have revised value of glove stocks up

@warn3r this stock is already under syndicate.
@samcck can you cancel conversion once you have submitted ?

For sure it will continue to drop below conversion.Thats the whole idea

Ha ha. Good bullshit story. Owner is gonna try and offload shares today

HWGB does medical ? Since when ? They cant even report a profit on a regular basis and you think they can be tasked to develop a vaccine.

This a signing for fun exercise as why do you even need a MOU when you have nothing on the table.

Its like saying Ill build a glove factory in the near future ( with no details ) but lets appoint some potential distributors now and sign a MOU

If its non-exclusive, why even bother to sign.

DRS is definitely good for the company as it lacks liquidity and most of main shareholders are institutions that have a bad taste in their mouth since IPO earlier was 6.50. With more retailers in, they are also try and fix their public spread issue.

If you need cash, just sell the shares you get under DRS, that should be equivalent to the dividend.

After PCHEM surprisingly bad quarter, those who thought they understood the industry will now shy away and I think only with a good performance in LCT hopefully Q3 then a re-rating of the industry can happen.

For LCT, YTD EPS is still negative so you can imagine how important Q3.

Just think about it. With a crap track record like XOX for not making profits or growing revenue, which big business group is going to want to do any business with them. What value do they have ?They have nothing but an empty shell. Someone told me they are tying up with ANT ( Alibaba financial arm ) which is laughable coz what can XOX put on the table.

Good luck guys

Q3 ending 30 Sept 20 but they will announce 30 days after instead of the norm 60 days so by before end Oct 20 results will be out.

After looking at PCHEM bad results of Q2 RM185M only ( 83% drop in profit ), LCT results are actually not bad.

Like i said, nothing to worry about after that fund decided to exit. You can look at the trading volumes after the fund exited and and there is underlying support and uptrend although i dont look at technical analysis but thats what the data tells me.

Hope you guys didnt cut loss as this will be trending upwards again.

BabyAce, sorry to hear you cut loss. Solely my opinion, maybe you need to hold a bit longer and also this is not a stock with no fundamental where downside is unlimited.

A recent case about 2-3 weeks ago where my friend bought rubberex around 3-4 coz the boss asked him to buy and a few days later it came crashing down and he decided to cut loss. Look at rubberex today.

What I think is after the fund is done selling it will rebound. Already 60m shares past 2 days. Just be patient

I was initially planning to sell some after this quarter and switch some to pchem for another one month until the result then switch back. But look at pchem. It came down a lot too

If market crash tomorrow, you have the comfort that there is limited downside for this counter. I've been thinking to switch some to other counters but apart from gloves and tech, most of it is gambling on the virus recovery and we don't even know if they will continue to make a profit next 2 quarters