Not just Hong Leong...all trading platforms fail.
Toplgove unleased some crazy floodgate.
I still hold my 84k of K1 at 0.438. Long-term I do not believe I can lose in this investment.

@WongCapital
Europe is K1's biggest export customer.
And when did US block our export?

I agree that this is panic sell. Market overreaction.
Glove counters advance 4 steps, retreat 2 steps.
While some healthcare counters advance 2 steps, retreat 4 steps.

In this situation, don't buy what you can't hold....if you already bought, you may want to hold for long-term investment.

Personally I find the situation strange. Glove counters stumble and all the other health counters decide to hara-kiri, wipe out all previous gains and for some, even more. Tech and bank counters steady only.

This rascal....I sold all my stake at 4pm yesterday.

@ZacChuinn91
Investopedia: "...an investor who buys the stock on its ex-dividend date or later will not be eligible to receive the declared dividend."
In your case, since you purchased on the ex-dividend date itself, you will not be eligible to receive dividend.

@desotransasia
View ex-dividend date for this counter at https://klse.i3investor.com/servlets/stk/annent/0001.jsp

@wilson
Not surprising, considering what is happening to the smaller healthcare stocks. Pure technology stocks down across the board.
HLT going crazy, LKL big increase, and Careplus/Comfort is being propelled by some unseen force.

Typical K1. Early morning threaten to go 39c.
Hit 41c reboooooound.
And by tomorrow I think it'll fizzle out again.
Not a counter for contra player or short-term gain.

@maf1964
What's up with you? Why don't you think it will go up?
I think that for those who can hold long-term, the results should be pretty good.
But if you want to play contra for quick profit, I wouldn't recommend this counter either.
Might as well gamble penny stocks.
No shame in that, I do it too. But the share price of this counter, for better of worse, is relatively inflexible without stimulus.

@mudzaffar
Well, K1 in the media is considerably low profile. It's here that there is much attention.
Anyway, I'm still holding on to 84k units.

DJ futures are somewhat low.
If you're planning to average down, you may want to wager on a slight crash tomorrow followed by morning panic sell.

Watch out!
Comfort always makes you feel at ease...and then the syndicates decide to pull out.
I mean, it jumped 10 cents in 10 minutes!
My personal opinion: If you're going in, don't get greedy. I don't the syndicates will abandon so quickly after pushing the stock this far, but once they do...you do not want to be stranded.
There are always other options.

The increase after 4pm is likely tied to the sudden increase at glove counter.
It's too much of a coincidence.
If K1 is tied to gloves to this extent, I'm a bit worried for short-term holders if glove decreases.

Insane rally at gloves makes the tide rise...

Out of nowhere...Comfort surge over 3.35...
This counter is truly at the mercy of syndicates.

Doesn't matter if it loses steam now if you can hold long-term.
Like some of you, this is the longest I've ever held a share as well.
Because we see a future for the company.
In terms of making profit, solid cash balance and product diversity & demand, K1 checks all of those boxes.
If DJ falls tomorrow, I feel safer holding K1 than some of the other counters that enter Bursa Top 5 in trade volume every week.

Wow, what is going on today....?
Glove have to melt down before people come back to K1? XD

I was going to wait until DJ crash to buy again...but I caved in and bought yesterday.
Wow...no regrets. This counter memang kuat.

Correction: most healthcare also got small increase. Some are down like my LKL...but RGTBHD has good increase.

Gloves are down, most healthcare is down, but K1 is up.
Sometimes I really don't understand this K1's daily movement. Very random.
Sometimes it rises because healthcare is up, sometimes it rises because DJ is down...

Really cannot use to contra. Might as well wait until announcement.

@MingGoon
Hi, I remember you from Tenaga.
Just my personal opinion, to get 0.3 you have dream harder than some of us.
Gpacket graph is scary. When it drops, it drop all the way.
K1, LKL, HLT, and many others, at least after it spikes to a new high, it won't drop to it's original level.
When Gpacket downtrend, it decrease to a value below January 2020.

@oilwaterman
...have you seen the other non-glove healthcare counters?
What's happening right now is possibly that most of the money is tied up in gloves, not much to be allocated for other counters.

It is unlikely to move significantly unless news arrives.
Although it isn't the only healthcare stock that hasn't risen despite the glove surge.
At this moment, Hexza, Nylex are stagnant.
HLT and LKL got 0.5 sen increase, ACO/PresBhd down 0.5 sen.

I don't usually rely on MACD as an indicator so sorry if I am wrong...but the MACD line looks like it is about to crossover into a possible uptrend.

Glove is one thing, K1 is another...
Yes, they are all under healthcare so by that train of thought, this counter should have risen today.
There are the other factors:-
a) company has an existing production line of pandemic-related products;
b) results already proven on paper;
c) investment banks' i̶n̶t̶e̶r̶f̶e̶r̶e̶n̶c̶e̶ attention;
d) relation to gloves.

Always like this...the platform rises quickly and then the guillotine sweeps down.
Lucky I jumped off in time. Win weekend groceries; better than nothing...but the risk is great.

Hoho, Topglove has broken 16.50...

I like to goreng this counter for short-term even though their long-term prospect and product is also good.
When this counter has correction, it does not fall all the way and has good support; can see the staircase over the past month.
I've liquidated all my stake, so I'm counting on DJ plummeting and sending it to 0.680 zone again, hehe.

Don't expect it to skyrocket until news arrives.
I just hold my stake and play other counters in the meantime.
As long as K1 value holds around this level, it is in good position to jump next round.

Humble advice...short-term players may want to run the moment you achieve TP.
You may think you are standing on solid ground but you are treading water.

@oilwaterman
It's mostly a meme among the long-term holders.

I was smiling for at least a few seconds while checking the Bursa page.

@bojed
Confirm what?
Don't make me so happy and then suddenly say it's all joking.

I've waited a month,
I can wait another~

The strongest thing we can have in this game is holding power.
As long as we have that, your TP and expected gains is just a matter of time.

Some counters I keep long-term...some I play contra.
But this particular counter...is really fluid. Contribute to majority of my losses.
My 2cents advice...if you're playing short term and you are in green...don't hesitate to run.
The floor gives way without warning.

1 mil unit wall @ 3.30 evaporated in 5 seconds.
What.

Hai...if you got no patience just go Macau play Blackjack.

@ZC2020
No money to eat? Do you mean that literally?

If people cannot wait, what can we do stop them?
As long as you have done your research, you have no need to be scared.
I have done my calculations; can check my comment history for it.
In the long-term, I don't believe you will lose, especially those who bought in at the current price.
But if there's anything we learned over the past month, it's that a huge spike in value is not possible unless good news draws in the syndicates and sharks.
Until then, there will be ups and downs before Q3 is over.

@oilwaterman
Depends...you have to look at how much it has increased compared to the past price as well.
Take bank stocks as example. They cannot even recover to their value before March.
They have been losing value for virtually the entire month of June. Apparently investors don't feel that banks are a "cheap buy" at any point.

Considering that DJ was down 700 pts, for K1 is to hold position is good enough for me.

Keep in mind that tomorrow morning the entire Bursa will likely take a hit due to Friday DJ movement.
The question is which counter can recover faster; which from my point of view, will be the covid-related counters.

@HrryPttr
During Jan-March they owned 60% of GAP, not 40%.
Whether they can include full GAP profit in Q1 is anyone's guess. I've given my reasoning on that matter in the long article I wrote.

Also, thank you to everyone who took the time to go through my research.

-If you're going to read this, kindly go through the whole passage or you might despair early. Tq.-
*IF* K1's Q12020 report only includes 60% of G-AsiaPacific's revenue...best not to be too shocked.

Referring to Quarterly report Q12019, the acquisition of 60% of GAP is noted on pg. 14:
"On 7 March 2019, G-AsiaPacific Sdn. Bhd. (GAP) became a subsidiary of the Company."

In the same Quarterly report, p. 15:
"Revenue contribution from the acquisition of the 60% equity stake in the cloud
computing business through G-AsiaPacific Sdn. Bhd. (GAP) was *marginal* as it was
*only completed in March 2019*."

And noting when the acquisition of 40% was completed...you can understand the implication.
But who knows...maybe they can fully consolidate the accounts for the quarter because they have now acquired the entire company instead of only a piece.

I understand this is a difficult time for K1 holders.
Some are thinking that K1 value may decrease again since it has in the past, but circumstances are different now.
K1 has diversified their sources of income, and the environment now causes their products to have high demand.

But let's get some numbers. We'll do some P/E calculation.
Because even though many have said that acquiring GAP will boost net profit, it's easier to see the picture with numbers.
With GAP now fully acquired, how much can it impact the current P/E?
What are we expecting to see if we hold long-term?
Let's refer to 2019 and assume that *IF* GAP was acquired at the start of 2019, how different would the PE ratio be now?

We will add back the non-controlling interest (NCI) revenue deducted from the 2019 income statements.
In other words, we add back the 40% of GAP revenue that was deducted from the 2019 income statements because in 2019 it has not been acquired yet. The numbers are from QR: SEGMENT INFORMATION (Pg. 9) (a) Contribution by Activities.

Q1 NCI: 0.085 mil + Unknown NCI profit before acquisition on 7 March.
(Since 0.085 mil is for approximately 1 month, and QR says that cloud biz not affected by any obvious seasonality, lets triple that number to account for January + February)
Q1 NCI: 0.255 mil
Q2 NCI: 0.515 mil
Q3 NCI: 0.298 mil
Q4 NCI: 0.859 mil
Total increase to profit if GAP was fully acquired in 2019: 1.927 mil
Total NP to SH for 2019 + Increase in revenue = 6.223 mil + 1.927 mil = 8.150 mil

Current EPS: 6.223 mil / 783 mil shares = RM0.0079
Revised EPS: 8.150 mil / 783 mil shares = RM0.0104
Current P/E: RM0.425 / RM0.0079 = 53.79
Revised P/E: RM0.425 / RM0.0104 = 40.86

Do you see how much the acquisition alone is expected to improve P/E?

If we go one step further and discount the one-off loss on disposal of AHM Consultancy & Security Services Sdn. Bhd totalling 0.514 mil, the P/E ratio becomes 38.4.

Keep in mind, this was with LAST year's GAP revenue. And I also made rather modest assumptions for Jan/Feb 2019.

Consider GAP growth in 2020 in the current pandemic conditions:
-MCO and Circuit breaker come in full force in Q2.
-GAP set up Singaporean branch in 13th May 2020.
-They also have an associate company in Indonesia since 4th September 2019.
-These countries are still heavily affected by the pandemic and cloud demand is expected to increase.

And then factor in ventilators and nasal swabs. Where will the P/E be then?

The growth potential for K1 is big. The purchase of GAP is done. All that remains is when we are going to see the numbers.

Maybe he is referring to how IDSS is banned until December 31. Decreases market volatility so some investors may feel more secure thus improve market activity.
https://www.theedgemarkets.com/article/suspension-short-selling-bursa-malaysia-extended-until-yearend
At the same time, Dow Jones is also down by 730 pts. When this happened two weeks ago there was a generally a sharp drop in the morning across the entire Bursa followed by some recovery during the day.

So how will Malaysia digest these circumstances?
We will see.

@wees123
Your only hope in the Short-term is Monday AGM and other news.
Your hope in the long-term is Q3 and growing profits from fully-acquired G-AsiaPacific.

@Masila
Don't forget that NP to SH for Q4/2019 is 1.774 mil if you discount the one-off loss on disposal of associate company involved in security service.

@noob84
Bank stocks have been affected as well. They have been on decline since 4 June.
My humble opinion:
Bank stocks fell during March and now they are recovering, so it can be said that there is room for recovery for those stocks.
Healthcare rose since March and now they are traded with future QRs in mind. So after April, May, and now June, there will be some fatigue in demand, especially when people go back to work and cannot trade as actively as before.
That is why good news is effective in reminding investors that product developments are still ongoing, there is still demand, your financial estimations were not wrong, etc.

As long as you can hold long-term, there should be no need to lompat KLCC.

@supernewbie
According to announcement dated 16 June, they started pilot manufacturing of nasal swab kits at the end of May. One month has passed.
Now can distribute free sample; family combo package for attendees.

I sold off my Tenaga weeks ago because investors refuse to recognise its fair value above RM12.
Tenaga recent QR suffered decreased performance against the corresponding quarter not because of a significant drop in operating profit but because of big forex losses.
2019 March operating profit: 2,505.9k
2020 March operating profit: 2,223.8k

2019 March Forex gain: 263.5k
2020 March Forex (loss): (388k)