T/O 7.44

KLCI up by 21 index.. I guess is a very good recovery from yesterday's -50..
Tomorrow...

all moving at the same pace.. up, together up, down, together down

no juice

TP 10?? When ppl gain, I lose, need to learn more.
Anyone got share investment dummy guidebook? hahahah

Kossan up down not much.. like a sleeping giant. Once woke up......

So far I know Freetospeak and CharlesT are the one keep saying to hold.
Some others keep flipping like roti canai..
Some like mf are just plain troublemakers..

wow.. someone keep on pushing the price.. aiya.. panic sell a me yesterday..
What a tough lesson to learn..

And those naysayers suddenly missing

@CharlesT vomit gut edi. Anyway, own fault for panic sell, cannot blame anyone

@CharlesT part of it is contra shares. I still holding some at 7.56. Hope can recover some losses back.

T/O 7.38. Yesterday i sold 6.83.. hahahahahahahhaah.. knn

50:50 chances today, just guessing. Fundamentals are strong, but chances are cant go against mr market's flow.. anyway, i still it goes back green

Wonder KYY got anything to say.. fundamental are good, IB give promising TP, company delivered good results.. suppose can hold the price , but instead crumble down.. anyone can tell me the logic?

-56.7 index.. our market delayed effect from Dow Jones

Sold at 6.83.. FML..

Even Kossan also drop 14%..

what kind of day is this.. my god @@

@YTH888.. will you be trolling us now so that we will buy in?

YTH888 u roti canai again.. I catch no ball bout your personality..

KLCI -43.. support broken, my godness

Guys, is the whole market in red sea. -30 Index, support at 1515 KLCI.

Even topglove couldnt hold its ground.. Taikor also tumbling

KLCI so damn bloody today -19 index already.

KLCI index is under correction mode. Bank also in the red, only small-med cap companies are green.

This counter everytime superdrop around 9am++.. however, last week all close red, hopefully wont repeat itself..

7.95 T/O price. but normally not accurate one, need wait 8.50-8.55 am.

Absurd amount of negative comments on glove counters throughout the weekend.. i wonder why~~

@charlest you just made my day. Of course if doesn't goes up went down laaaaa.. hahaha.. anyway, happy trading day. I'm stuck at RM7.9, what a dangerous position..

Remember Supermax's Director bought 200,000 shares around RM7.7 (correct me if i'm wrong).

YTH888, yeaaa.. finally you chilled down.
I was afraid KLCI gonna bocor 1600 point, doesn't look right at time like this.. so going down a bit to 15xx should be healthy..

I think both Kimgold and Freetospeak spoke out what's logic. Both got their good point of view. Anyway, if that's extra cash that you have in your pocket. I guess just hold on to it.

Chilll la boys and girls

So this is it? Glove - game over?

This is whole KLCI dipping, go see the banks' shares.

T/O 8.88

got people queue at 11.1.. serious?

my goodness, last night speculate between 150-250m.. TG give you kaw kaw 350m

350m, reasonable EPS and TP is around which level?

look at the klci index.. fall kao kao.. so not only gloves guys, major index companies also went red.

open low, someone queue 8.13 with high volume

Today's trading volume also very low, I mean bursa as a whole, normally around 9 billion, now 3.30pm just 5.5b

looks like open low today

@freetospeak thanks man, I get it now

@freetospeak or any other i3 buddies, just curious, supermx is shariah compliance already right? Getting in the shariah index would have what impact?

Trade receivable is what other companies owe K+. Whatever amount in there already reflected in revenue.

When trade receivable reduced, that would mean the company got their money back from the credit terms given to customer. Hence, Dr cash Cr trade rec.

The effect of covid 19 should only reflect in next quarter.

But I did see K+ have some hefty borrowings, RM86m short term in nature.

The global pandemic caused by the Covid-19 virus have created an exponential increase in demand
for medical gloves which benefited many manufacturers including Careplus. As an essential product
manufacturer, our operation was unaffected by the enforcement of the Movements Control Order or
MCO from March 18, 2020 except for the strict compliance to the standard operating procedures or
SOP to ensure new safety measures and personal hygiene standards are in place for all the
production workers and staff in the workplace and foreign workers dormitories. The average selling
prices surged during the pandemic period. The Group expects a strong positive result in coming
quarters. The business prospects remain good.
We are optimistic that the group will perform better after the completion of purchase of the remaining
shares of Careglove from AJJ and the recent JV of Careplus (M) Sdn Bhd with Ansell Services
(Asia) Sdn Bhd.
Careglove made a profit before tax of RM980,000 in Q1 of FY 2020. As a wholly-owned subsidiary
of Careplus, it is now in a better position to explore new business opportunities globally. In the case
of Careplus (M), the partnership with Ansell will enable us to produce higher value products and
increase our surgical gloves market share.
The prospects from both corporate exercises are accelerated by the unexpected Covid-19
pandemic. Careglove sales outside of Brazil has increased significantly while the Brazilian business
has also turned around significantly with better margins. Partnership with Ansell on surgical gloves
is a long term goal and benefits. Currently Careplus (M) capacity is still mainly on examination
gloves which is in very high demand now.
Prior to Covid-19, through JV with Ansell, there were plans to install additional lines. Covid-19 have
accelerated the plan to increase capacity in both Careglove and Careplus (M). By end of this year,
nine (9) new production lines will be commissioned and another two (2) will be commissioned by
end of 2021. This will increase production capacity from 4.1 billion pcs to 6.5 billion pcs by end of
2021 barring any interruption. Surgical gloves will be our new product line. Notwithstanding
expected higher costs, we anticipate better average prices and profit margins. As such, the prospect
of better profitability will be high for the coming financial year.
Covid-19 has brought about positive surprises. Glove manufacturers tend to install additional
capacities to prepare for future demands as well as reserve capacities. In the past, over supplies
have made glove business a buyers’ market. But the sudden surge in glove demands have created
a situation of under capacity which have resulted in acute shortage of gloves, particularly the
examination gloves range. Unfortunately, additional capacities to satisfy new demand for gloves will
not be available overnight.
Covid-19 will create many new normal including usage of gloves. The coming months will see a
balancing of the supply demand equation. But what is certain is with a much more health
consciousness in both the public and healthcare communities as well as fear of new pandemics, the
usage of personal protective equipment including gloves will increase.

closing 8.88

Looks like today's glove hot hot again. I'm holding at 0.585, waiting waiting

another hour plus to go. looks like they want to push the bank's share higher. Supermax may close below 7.. hopefully i'm wrong