if it is then good...bullrun18..


Bullrun18 Heard take over price 2.60 .....
19/10/2020 11:08 AM

now still trading below NTA of $1.89..

usually when it is from bloomberg, it should be more or less..
perhaps there is a deal going on..but not yet confirm,,,
need to wait to see what price the buyer bid or offer pnb...
then they will need to give general offer to rest of the shareholder...
base on NTA = $1.89.. but usually buyer will need to come up with higher price..

good target for any giant glove company to buyover...

https://www.ccmberhad.com/rubber-chemicals-business.php

We are a major producer of calcium nitrate, made by dissolving calcium carbonate (limestone) in nitric acid. Our manufacturing plant in Shah Alam is ISO 9001:2008 certified for the manufacture & sale of calcium nitrate, ensuring ever-progressing standards of quality.

Calcium nitrate is an important component of rubber glove manufacturing as it is used for latex coagulation (from liquid to solid state). CCM Chemicals plans to grow the liquid calcium nitrate business by offering competitively priced product and value-added technical after-sales services particularly to the rubber glove industry.

this usually means it is still not yet confirm.. but once it is confirm, then price fly up lo...

NTA = $1.89.. so the price should not be lower than that...

in fact some of the glove manufacturer which has become so big, can also easily buy over CCM...
then their chemical supply will be at optimum level and they can supply to their competitors :)

hopefully buyer can give a good price and good general offer ...after that they can replace those poor mgmt team and take this company to the next level..

CCM supplies a range of checmicals to the gloves manufacturers and it is building a big facility in pengerang johor to cater for that

https://www.ccmberhad.com/polymers-product-range.php

DSAI sepatutnya present signed SD declaration of support.. tapi kalau itu pun takde, maka hanya cakap kosong shj

If result good, can play up like prolexus

boleh limit up macam prolexus... ?

pmcorp same boss as ASB?

mui, muiprop, asb.. counter anwar

muiprop the FA bagus..

minggu depan hadap DYMM.. mungkin counter anwar akan naik minggu ini dan minggu depan?

Anwar naik, mui, muiprop , asb naik.. goreng ..

Bad news for gloves.. vaccine will be out by this year end..2020
https://www.channelnewsasia.com/news/world/covid-19-vaccine-who-covax-tedros-year-end-2020-13213088

Bad news for gloves.. vaccine will be out by this year end..2020 according to WHO
https://www.channelnewsasia.com/news/world/covid-19-vaccine-who-covax-tedros-year-end-2020-13213088

today drop is due to trump :)

1)trump fast recovery
2)trump taking off his mask
3)trump says vaccine will be out momentarily

President Donald Trump says COVID-19 vaccines are coming 'momentarily.'

https://www.usatoday.com/story/news/health/2020/10/05/donald-trump-covid-19-vaccine-momentarily/3632646001/

EPF is net buyer... they are buying topglove

EPS 13.67 sen per qtr.. 4 qtr = 52 sen...
now is damn cheap.. PE = 2 or 3X only..
the margin for reusable mask is higher than glove..
company cash position has also increased to $100 million in cash..

well definately top glove is the #1 glove company in the world.. so it wont be lagging say supermax for long...

calvin tan reseach is right about prolexus..
latest earnings is 13.5cents a quarter.. full year if annualised the earnings could be 52 cents a share!
so now the PE could be real low and cheap for prolexus..

donald trump get corona shows the covid 19 is not contained..
and this is bullish for gloves and top glove..

TG should go up.. with donald trump getting covid.. shows that the virus is still not within control...

i think if u look at scgm..earnings compare to prolexus... scgm is nothing..
so if scgm can reach $3.. prolexus also at least heading there ...

calvin tan research is right... it seems.. prolexus going to go to $3?

the PE only 2X (if annualising the profit)

the most undervalued PPE counter..supported by phenomenal earnings...

big buying, still super undervalue

yes, it has got the potential like scgm before scgm share price shoot up to RM 3...its earnings much higher than scgm..
now still cheap.. at 92 cents only..

still very cheap.. base on fundamental and financial results..

it may/can well rise further.. base on its financial results now supporting its share price..
previously there is no fundamental to support its price but now with the good results it will support higher prices..
insider also has been buying back the company shares... which is another good sign

calvin research still holding this gem?

calvin reseach is right... latest PRlexus earnings is super amazing.

The single quarter EPS for FY20Q4 is 13.67sen. You can guess its next few quarters' results and calculate by yourself its projected forward PE at current share price of 78sen.

PE is like 2X earnings.. if annualised 13.67 x 4= 52 cents.
PE = 95cents/52 cents = 2X!

so if SCGM can go to $3... i think PRLEXUS can go to $3 also...
now very cheap..

company cash also almost doubled to 100mil!

fantastic earnings !

truely a gem.. latest results shows

SCGM the EPS is only 4cents per quarter..share price = $3
while,
PRLEXUS EPS is 13.67cents per quarter.. share price only 94cents! it should be $3.. in long run..

EPS this quarter itself is 13.67 cents.. so if just by annualising will be around 52 cents per yr....!

with the much better results even compare to SCGM.. PRLEXUS should be trading at RM 3.

see if can limit up today

previously it can limit up, if gloves counters sentiment is good...now sentiment is good

previously it can limit up, if gloves counters sentiment is good

nxt few days will be uncertain..
as DSAI seems to have team up with the some from umno+dap+amanah.. weird..

new PM DSAI may cause mkt to be not that good

all the high flying glove stocks just beginning to drop..
it hasnt crash like the dotcom bubble yet.. if it crash it will be considerably worse..