2022-02-28 17:20 | Report Abuse
Don't bother to buy at this price. WCE needs to raise at least RM 1 billion to fund the remaining development and we haven't even talk about the huge interest expense costing RM 250 million a year. If you want to know why insiders are throwing you should check out the project cash flow projection. In summary, all i can say is based on a DCF of 8% discount rate, the value of 80% in WCE was originally only around RM 1.8 billion. But now with much higher interest expense than expected and massive cost overrun, i think this company right now only worth around RM 400 million or even less. You won't see it so soon but when yhey have to raise funds up to RM 1 billion, your share in this company will diluted like nobody's business. The only upside is the concession period can extend another 10 years, but that will be in 2060 the value of RM 1 then and now will be huge so barely helps anything. And definitely not enough to cover the huge cost overrun from interest expenses and land
I think Chong is making stories up
Chong are you dumb or what?
2022-01-27 01:34 | Report Abuse
What kind of business run on 6-9 month billing cycle? You want to bullshit us?
2022-01-27 01:30 | Report Abuse
Chong where they say the billing-payment cycle is 6-9 months? Source?
2022-01-09 16:11 | Report Abuse
TP RM 50 your head. TP RM 25 also dont know can or not.
2022-01-08 15:45 | Report Abuse
Aiyooo, as if spam every second can turn SAM from Spamming Airhead Man to Surface-to-Air Missle. Purebullocks, purebullshit, you get Spamming Airhead Man SAM. Pls dont ruin this place fengshui ya. Leave Surface-to-Air Missle alone.
2021-09-14 00:11 | Report Abuse
Haha, you folks run like see fire because listen to superman. Not knowing superman secretly buy while you all run from building. Hahaha, good tactic superman
2021-09-11 14:55 | Report Abuse
If so, you will understand why you should stick to big glove. You talk about warren buffett, but you don't follow warren buffett's advice. Warren Buffett always buy market leaders because they can sustain their competitive advantage for a very long period of time. And you talk about blue chip. But look at what you bought. Don't embarass yourself by referring to Warren Buffett. Even Buffett knows me and respects me.
2021-09-11 14:53 | Report Abuse
john, did you read my rubberex article?
2021-09-11 14:51 | Report Abuse
2021-09-11 14:40 | Report Abuse
I won't write an essay on SAM because everyone can see for themselves. However, I believe my opinion on Rubberex is useful during such confusing times. So i wrote an essay to provide my extremely valuable take on the glove situation.
2021-09-11 14:38 | Report Abuse
I also know you won't buy winning stocks. You are stuck with blue chips, so blue it makes me vomit
2021-09-11 14:37 | Report Abuse
you should look at UWC, UWC is trading at RM 6 billion. Go figure.
2021-09-11 14:36 | Report Abuse
Nobody asked you to buy SAM. Whether it is worth RM 60 or not,
2021-09-11 11:17 | Report Abuse
John, stop barking. You're not a fundamental based investor. You don't understand businesses and the ijndustry you invest in.
2021-09-10 21:34 | Report Abuse
He will have to accept that he is wrong.
2021-09-10 21:33 | Report Abuse
John fear my intelligence. He fear me. He fear to be wrong. But my article will show him that he is wrong.
2021-09-10 21:20 | Report Abuse
My detailed analysis is very objective. I challenge John to write an essay to say why Rubberex should go up to RM 1.50
2021-09-10 21:18 | Report Abuse
I have written a blog essay about Rubberex. Very good article.
2021-09-08 23:00 | Report Abuse
John your mispurchase is unfortunate. We all know where this counter is heading. Cut loss is an option. Apologizing to me and acknowledging my superiority is an option. Everyone here has already waken up, Left you only
2021-09-08 18:34 | Report Abuse
Let's see what Choivo says. He seems to be in an echochamber wih his fantastic stories. His stock stories are so captivating and ingenuous, so simple and it almost seems like he made sense of the whole situation, he may have managed to deceived himself.
2021-09-08 18:32 | Report Abuse
I have alt accounts. But i uphold transparency and accountability by specifically naming my alt as Foker the 2nd.
2021-09-08 18:31 | Report Abuse
I also believe skcm is smyang's alt account. Be careful of your friends here. They are backstabbers and full of lying deceitful machiavellians.
2021-09-08 18:28 | Report Abuse
No worries. Smyang did not do any damage to the company's reputation. He was just alluding to the plausible scenario where Rubberex will lose badly to the big 7 glovemakers due to ASP drop and intense price war coupled with unprecendented high raw material cost
2021-09-08 09:18 | Report Abuse
Hartalega CEO vindicated me
2021-09-08 09:17 | Report Abuse
Anyhow, it is over for Rubberex. I thank heavens for my wit that i was able to see through the deceit and lies John and Eddy and all other rubberex supporters put out
2021-09-08 09:14 | Report Abuse
Price undercutting is what the China manufacturers are doing right now. What Hartalega CEO is consistent with this narrative. The ASP is dropping even with Delta. So Hartalega forecasted that ASP will normalise by 2022 Q1 which is only 2 quarters away, it indicates Hartalega will also cut its prices aggressively to counter the China glovemakers. This is not the right strategy. But it can achieve two things. They can make new glovemakers stay away or exit because ASP is no longer favourable. They can also block the China glovemakers from stealing market share. But this is not good. It hurt shareholder profits and it is not effective. That's why they should consult me.
Anyhow, it is over for Rubberex. Market leader decided it is over then it is over.
What I am dissapointed about is Hartalega CEO didn't consult me for business strategy. His strategy seems to be playing market leader to lower prices to stop new glovemakers and stop China glovemakers from eating to his market share. He should ask for my advice. I know how to beat the China glovemakers. I have very good strategy to beat them. But he decided to use a very old tactic which is useless in my opinion.
2021-09-08 00:42 | Report Abuse
I didn't delete my comment. I will never delete my comment when it is the only beacon of light amidst the darkness that engulfs this counter. I point foolish investors in the right direction. Even CEO of Hartalega has to agree with me.
2021-09-07 16:54 | Report Abuse
Millionology, I don't want to reply to you because I don't take noob retail investor seriously. I know a few retailers who are very good in company analysis. You're not one of them. You seem very blur and not able to understand simple concepts. Work on your ability to conceptualize first, then maybe I will debate you.
2021-09-07 16:52 | Report Abuse
You're better off investing in tech than mynews
2021-09-07 14:58 | Report Abuse
I don't have superiority complex. My intelligence complex is superior.
2021-09-06 18:04 | Report Abuse
John net worth dropping by 1% everyday.
2021-09-06 00:34 | Report Abuse
I will also remind people during this time, very hard to get workers because of labour shortage. Time is of essence. We need to expand quickly in a short span so Family Mart doesn't book all the highly profitable locations. But alot of things is against CU. It may sound very trivial, but this is a very critical factor. Speed to market is the critical success factor which many analsyts and investors seem to ignore.
2021-09-06 00:30 | Report Abuse
MYNEWS is not fit to compete with Family Mart. I am very concern with MYNEWS, just my opinion. So far, japanese food is much more favoured by Malaysians than Korean food. That is another reason why i said too many people are too careless in assessing the future of CU. That includes many so called value investors who think they are getting a bargaining without having complete and objective view of the situation.
2021-09-06 00:27 | Report Abuse
Management cannot open aggressively like Family Mart either because if they fail they will go bankrupt. Risk management means they have to open slowly which is a major disadvantage to MYNEWS when family mart is opening at breakneck pace + newcomers have time to set up. Family mart has a huge advantage over CU. If you look at the Japanese and Korean market, there is only one konbini franchise brand that exist. This means in any geographical market there can only fit one konbini franchise. This is because the overhead cost for konbinis are significantly higher and marketing cost can be a long drag.
2021-09-06 00:23 | Report Abuse
MYNEWS is also not backed by strong financials like Family Mart. If the breakeven takes longer to achieve, very likely there will be share raising exercise to bolster its balance sheet which is a major negative to current shareholders who are already paying 30x earnings for mediocre business
2021-09-06 00:22 | Report Abuse
Be careful of Mynews. Highly speculative to assume CU will succeed. Family mart is a very rare success in Malaysia. Many have failed where setting up retail chains are concerned.
2021-09-05 23:44 | Report Abuse
I am respected in I3. You are only embarassing yourself by beefing with me
2021-09-05 19:28 |
2021-09-05 16:29 | Report Abuse
You can buy SAM from me at RM 60 by December. Perhaps, you have to beg me to sell you SAM shares because no one wiling to let go Semiconductor Aerospace Maestro SAM
2021-09-05 14:54 | Report Abuse
A good management will distribute all the windfall profits as dividends and leave the glove industry where it dont belong.
2021-09-05 14:53 |
2021-09-05 14:14 | Report Abuse
Here, i have minions who are loyal to me to counter your lies too. I may be gone, but they will remain to keep you grounded with facts. Oversupply, oversupply, oversupply, oversupply, oversupply, get that in your thick head
lift a finger*
I didn't need to leave a finger in SAM to counter your lies and misinformation. You were fighting my minions who are completely loyal to me and SAM. They presented facts, logic, reason which completely knock you out of the arena and now you are back in your cozy Rubberex which is getting less and less comfortable with the share price falling more and more daily.
2021-09-05 13:48 |
Stock: [WCEHB]: WCE HOLDINGS BERHAD
2022-02-28 17:24 | Report Abuse
You might find what i wrote above confusing. I also find it confusing like pieces of badly stitch info and opinion.
So i will just emphasise on one matter to show you why dont even think of buying at this price.
In 2021 AR, they disclosed that the remaining performing obligation for the construction is RM 1.7 billion. That remaining constructiin cost alone is already higher than WCE's market cap. Still haven't factored in the insane RM 250 million interest expense a year.