Dear DK66, this is not the issue you faced but many i3 quality commentators as well. Philip has been here for a very long time with proven track records also faced similar problems like you do. But he is kind enough to continue to keep his portfolio for us to refer. There are many good people in i3, i believe. Stay cool and stay safe. Forget about those attackers as they never make money in stock money that is why they attack.

Sorry for late request

Henry8833 Dear DK66/Aseng,

Kindly add me. I hold fairly big amount of Jaks shares. Lately busy selling glove shares.


Haha, Tai Kor Philip also do the same due to insults, spam etc


Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD

May 21, 2020 9:53 AM | Report Abuse

I now have a telegram account! my daughter has just set it up for me and its proving to be very useful. Lets chat more there if you are interested, without the insults, backbiting, spam and random talk. Just rational investing.

Lets discuss more and chat more on PCHEM if interested.

>>>>>>>>>>
https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2
21/05/2020 10:47 AM

Yes. Those who are not sharing useful info and fact but creating a lot fear yesterday should leave as you are affecting others to sell at a loss and operators to collect at cheap price.

I and Paktua like to buy when others are fearful...

I believe it will be jaks turn soon. COD is so near and i believe mgt will disclose more info on power plant in the quarterly announcement

Long time never see OTB and KYY joint forces... Having said this, it is market forces that is pushing shares to go up due to good growth prospect. If tai kor Top Glove ok, other glove stocks also ok. Smaller gloves companies will have higher % in increase due to lower price base.

Thank you Probability for the info. We are more certain that profits will jump a lot, not only costs, but ASP, and shortage of gloves in the international market.


probability IMPORTANT INFORMATION:
......................

Nitrile Gloves - raw material is 'Acrylonitrile-Butadiene Rubber'

The below article shows the price had decline 17% compared to mid of last year.

It dropped minimum another 10% just from Feb 2020 to March 2020! Infact it dropped from 16.000 RMB/ton to 12,800 RMB/ton. Huge plunge!

This means, even Without raising price of Gloves, Nitrile gloves manufacturer margins would expand by 10% from qtr ending Mar 20 results currently.

..............

SunSirs: Acrylonitrile-Butadiene Rubber Price Fell　

April 01 2020

http://www.sunsirs.com/uk/detail_news-2073.html

Analysis Points: Today (On March 31) domestic nitrile rubber transaction was light, and the mainstream average price was 14200 RMB/ton. According to SunSirs, the domestic nitrile rubber market prices fell. Langhua nitrile N41, 3305, 3308 mainstream prices were at 11,900 RMB/ton, 12,800 RMB/ton, and 12,900 RMB/ton respectively.

The target price is surprisingly very high... refer to KYY article

KYY effect is small as gloves stocks are current market trend and a lot of fund managers are buying for increasing profit prospect especially tai kor Top Gloves.

I have learnt that OTB is also buying at low price yesterday, thanks to those who spread fearful msg. This shows that many smart investors still have confidence in Comfort.

Naysayers do not understand the market dynamic and do not understand the business of gloves that is why they cannot make money, eg someone said everywhere can get gloves, that is low quality gloves. Comfort is producing medical specialty gloves. Also Malaysia is glove producing countries, of course very where can get (but not medical gloves). Have they know US Market? That is difference.

Quote from KYY in his recent article :

As many people are so confused by the wide price fluctuation and do not know how to react. I advise them to remember that statistics shows day traders cannot make much money on a long run. Only long-term investors can make more money. Patience is the key to successful investing. You can make more money by just waiting.




https://koonyewyin.com/2020/05/14/comfort-price-fluctuating-so-rapidly-%ef%bb%bf/

Malaysia's medical glove exports are expected to jump about 32% to 225 billion pieces this year, and its gloves association said supplies were being urgently air-lifted to Europe, Australia, Canada and America as customers did not want to wait for the usual sea route.

Great demand leh. This is real. They even use air to ship medical gloves. Shortage of medical gloves as they cannot wait to ship by sea. Have to pay a lot more by air shipment...

https://www.theedgemarkets.com/article/malaysian-state-cargo-carrier-profits-soaring-demand-medical-gloves

Yes. And Comfort has six new lines commenced operation in Feb 2020(very timely and perhaps only glove companies have such a timely expansion) and its focus on niche in the premium specialty gloves segment. It is running at full capacity. No reason it will under perform other gloves companies in term of PE.

Anyway, have to see tomorrow as today sentiment spoiled by Gpacket. And have to wait for healthy consolidation to over.

Thanks gemfinder for highlighting. GPacket limit down, just notice. Never dare to touch green packet.... very lousy company

Yes. Sentiment spoiled by gpacket, which is lousy stock. It would be better Uncle can clarify his last article as he himself also don't know Comfort or Supermax has better prospects. I believe both are equally good as i have both. Having said this, his article has caused confusion and some are creating fear in this forum.

Those who buy RM2 (buy on weakness) in the morning are laughing. No body ask people to chase high here. Just some cannot tahan when it shoot up, hand itchy wanted to buy. Those miss the boat will be cursing... This is normal as most retail investors here are traders

Comfort has six new lines commenced operation in Feb 2020(very timely) and its focus on niche in the premium specialty gloves segment. It is running at full capacity. No reason it will under perform other gloves companies in term of PE. ASP expected to increase 50%-100% if company with jan 2020 price.

After big boy collect enough, it will rebound fast

recovering very fast

Wait for tai kor Top Glove to recover. Harta should drop because its PE is 68, Comfort historical PE is 43, still the lowest. Supermax 50. Profit will be doubled at least due mainly to increase in ASP and shortage of medical gloves worldwide.

The real good results will be next 3 quarters. Mkt find excuse to adjust a bit and this is healthy adustment. Vaccine will only only be ready next year as they need to go thru many testing and lengthy approval process.

Happily add more Comfort and Supermax when drop. Comfort is still the cheapest in term of PE

The results fund managers really look at should be next few quarters not last quarter. Market is always 6 months -12 months ahead. Who said below expectation for Harta?

Harta results up, up 27% vs last year corresponding quarter.

I am switching some from Supermax to Comfort. Last week Comfort jumped a lot so i sold 50% comfort to buy Supermax.

Top glove recovering now...

Last friday, research houses have the following upgrade:

Supermax TP by CIMB = RM 5, 30% upside
Top Glove TP by PBB = RM 12.70, abt 23% upside

KYY effect this round is very small as all fund managers are buying gloves shares for increasing profit due to big jump in ASP, production lead time of 10-12 months, shortage of medical gloves world wide. Small player will follow tai kor Top Glove. And they will have bigger % increase due to lower share price. Comfort is in medical gloves.

Consolidating only as last week up a lot. It also follows tai kor Top Glove. 2 research houses just upgraded TP for top glove last week. Another 20% upside for Top Glove.

Quote from PBB

We also roll over our valuation to CY21F earnings, raising our TP to RM12.70, pegged to a PE multiple of 43x (at +2SD of its 5-year historical mean) and we maintain our Outperform.

Thank you DK66 and Ehome009 for the insightful analysis on PPB report

Thank you Sifu OTB. Only you have good contact with Analyst of PBB and Jaks mgt. It is good to let Jaks investor relation on this article from Ehome009 so that they can bring up to PBB.


OTB Posted by Henry8833 > May 14, 2020 3:02 PM | Report Abuse

Dear DK66

Who will help to get PBB to look into this. Perhaps OTB can help?
-------------------
I was told PBB will cover next quarter result.
The analyst from PBB will be invited to attend analyst briefing,
Thank you.
14/05/2020 3:13 PM

Dear DK66

Who will help to get PBB to look into this. Perhaps OTB can help?


--------------------------------------------------------------------------------------------------------------------------

DK66 Ehome009, I believe PBB will look at your article seriously and review their calculations in due course. They could have inadvertently left out the multiplier for the annual FCFE.

Eg, uncle KYY Comfort shares moved from 90 sen to RM 2.60 within 1.5 months.

All forces are in gloves and related shares. Jaks may need to wait until a catalyst for its share to go up, eg power plant start generating and selling electricity. When?

I also sold my last batch of Comfort and Supermax today. Hope timing right.

Today good run of gloves counters due to good results of Riverstone which profit up by a staggering 50%

________________________________________________________________

Riverstone (SGX-listed Malaysia's No.5 gloves producer) quarterly result is out.

PBT and Net Profit up more than 50%. Looking at the result, I think the ASP are up by a lot and also the raw material cost decreased significantly. All the gloves producers in Malaysia should do very well in their coming quarter, especially those with spare capacity to ramp up their production.

Financial Highlights
RM million 1Q2020 1Q2019 Change (%)
Revenue 279.4 240.5 16.2
Gross Profit 67.1 46.6 44.0
Profit Before Tax 58.0 35.6 62.9
Net Profit to Equity Holders 46.6 30.2 54.3

http://riverstone.listedcompany.com/news.html/id/776476

OTB good gurus. It seems that OTB bought most of superstock.


-----------------------------------------------------------------------

OTB paktua just want clear the cloud here..
we never condemned OTB action..
his stlll great investor gurus..
-----------------------
Dear paktua,
Thank you for your good words.
I recommended a buy at 0.82.
My target price is only 1.68.
I am happy with the profit made.
Never mind, 100% profit to me is good enough.
Thank you.

Glove companies will post very good results next few quarters, local glove companies possible to increase by 50% due to increase in glove price and demands?

Copy from Top Gloves forum. Today glove shares flying due to news below...



blood7 Riverstone (SGX-listed Malaysia's No.5 gloves producer) quarterly result is out.

PBT and Net Profit up more than 50%. Looking at the result, I think the ASP are up by a lot and also the raw material cost decreased significantly. All the gloves producers in Malaysia should do very well in their coming quarter, especially those with spare capacity to ramp up their production.

Financial Highlights
RM million 1Q2020 1Q2019 Change (%)
Revenue 279.4 240.5 16.2
Gross Profit 67.1 46.6 44.0
Profit Before Tax 58.0 35.6 62.9
Net Profit to Equity Holders 46.6 30.2 54.3

http://riverstone.listedcompany.com/news.html/id/776476

Agreed with Aseng. Phillip should not encourage good people to share like DK66, Icon8888. Without them, i3 forum will be useless. Pls do not discourage people from sharings. We can evaluate and make our own investment decisions.

DK66 wrote many articles just for sharings and let us know better from difference perspective. No anyone or rather most in i3 in the same league as Phillip.

Healthy arguments. The more debate on a matter, the clearer it becomes. Good sign as long as no personal attacks. Nobody is perfect.

Dear DK66, many thanks for your kind sharings. We owes you a lot. Pls continue as long as you can. They attack those sharings are because they miss the boat to buy cheap. No words can describe how bad are their feelings now. They probably are have sleepless night...

Jaks is not moving. Master and Dayang have recovered so well but not Jaks. Why?

Buy and keep for 1 month at this distressed price cukup, no need to worry every day price swing.

Yes very likely. Big players around the world seem to be connected as world market correlated with US Market nowadays except China. I think Nasdaq also bottomed.

Now is the market for those with deep pockets...ie buy and keep, continue buying. Warren Buffet golden rule : Be greedy when others are fearful as someone mentioned above is correct, but only meant for those with deep pockets. Those without deep pockets and a lot of cash, better stay out for time being. Personally i think already bottom.

mega sales now... i start to withdraw FDs to buy stocks today...

S&P now up 3%. Warm up only. As for Jaks, margin call all cleared. Who bought so much shares?

i think we can no longer get 80 sen next week.