Teo Tong Kooi resigns as Rubberex chairman; Chong Jee Min takes over.

Chong Jee Min, 62, is the vice president of the Klang Chinese Chamber of Commerce and Industry, among others, and holds directorships in several public-listed companies including JAKS Holdings Bhd, Parkson Holdings Bhd and Hextar Global Bhd.
https://www.theedgemarkets.com/article/teo-tong-kooi-resigns-rubberex-chairman-chong-jee-min-takes-over

Your suspicion seems justified as Rubberex has been weak of late. But if we look at Comfort share price as well, the latter is not doing well either and the operator seems more interested to push up the warrant price than the mother share price.

Only Careplus fares slightly better.
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hoowk77 I suspect boss is selling from PP

I think the tech sector is very selective(eg semi-conductors) and is not euphoric yet. It is currently in the mature stage only.
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afif95 John1234 - i think this year euphoric and optimistic apply to tech?

I wish you luck if you can be smarter than the operator.
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dusti CAN WAIT FOR 70; THEN YOU KNOW WHO IS SMARTER

This morning, we saw another classic sign of a "pump" by the operator! Mother share was up 3 sen, but the warrant was up 5 sen! Comfort share has been in a downtrend. What logic is it that the warrant can go up more?

This has been answered earlier. Please check back my past postings.
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st0ne84 possible this year will have dividend?

Lessons:
1. "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria."(Quote from Sir John Templeton)

2. In investment, we must always do our homework. When market was red hot last year, we heard so many "euphoric" comments with very high TPs from forumers, IBs and even runners of the operators. Had we simply listened to them without doing our homework, we would have been taken for a free ride to Holland!
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hoplanner haha.....a year on. what a roller coaster ride, an euphoric ride indeed when the price went sky high. One could have made a lot but if you hold it, you would definitely say, "if i knew, I would have sold all"

So, are there lessons to be learnt? Care to share?

With yesterday's closing price of 83 sen, this is translated to a pre-bonus price of RM 2.49. This would mean that those who had bought below RM 2.49 before the bonus issue last year would still be sitting on paper gains.

Major shareholder Ong Choo Meng offered to acquire remaining Rubberex shares not owned at RM 1.80 per share last year. This would also mean that he had accumulated Rubberex shares at or below that MGO-triggered offer price and he is still sitting on paper gain. No wonder he is not in a hurry to buy up Rubberex shares now.
https://www.thestar.com.my/business/business-news/2020/07/13/hextar-ong-explain-rationale-of-rm180-offer-price-for-rubberex

Hoplanner, you are right.

Yes, you are right. That means my previous assumption used for price comparison with the other 2 counters was incorrect. Nobody pointed out the mistake earlier!
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neutralist John1234 its 84x3. 2 every 1. 1 unit become 3.

Rubberex's share price started to move up from around 60 sen? last year.

Now, it is 84 sen(xb, 2 for 1), which means RM 1.68(adjusted for bonus issue).
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hoplanner Can anyone enlighten me about the current share price of Rubberex? is the share price now at pre-pandemic levels (taking into consideration of 2 for 1 Bonus issues in Oct 2020?. TQ

This morning, our big 4 glove counters had a modestly good rebound, led by Hartalega. But, our 2nd-tier glove counters were more muted.
https://www.theedgemarkets.com/article/rubber-exports-expected-rebound-2021-doubledigit-growth-global-demand-continues

HEALTH AND SCIENCE
The world is nowhere near the end of the Covid pandemic, says famed epidemiologist Larry Brilliant. Only 15% of the world’s population has gotten a Covid vaccine.
https://www.cnbc.com/2021/08/09/covid-epidemiologist-larry-brilliant-on-delta-variant-vaccinations.html

"Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell."(Quote from Sir John Templeton)

I have started to see signs of frustration among some investors!
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smyang11 Regretted holding Ruberex

Yes, major shareholder Lau disposed of a big chunk of his freely alloted Comfort warrants(WB) at good prices! But the market operator was smarter to distribute them back to the punters/investors at even higher prices(highest, 74.5 sen).

Those who are still holding the warrants can only pray that the operator do another pump and dump.

An interesting article to read for the weekend!

Despite the glove sector’s explosive earnings amounting to multiple years consolidated in the past year alone, the share price has been falling. Interestingly, valuation contraction has been happening in spite of earnings expansion, with many analysts downgrading the target price irrespective of the results reported.
https://www.thestar.com.my/business/business-news/2021/08/07/comfort-in-consensus-or-victim-of-it

Wow, nowadays, shrewd bargain hunters are really "squeezing" the operator! But, will the operator be kind enough to sell cheap?

Noted, Hafid. Got to wait for more updates from the quarterly report then.

Currently, Rubberex is range-bound trading, between 82.5 sen to 86.5 sen, with key support at 80 sen.

One interesting observation: For the past 3 trading days(since the private placement listing), I saw some last-min buying support/covering at 4.50pm matching time and it just closed at the seller's price. Sometimes, it is interesting to analyse the behaviour/thinking of the operator.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3181656

Bursa Malaysia ends lower as politics, virus woes weigh...
https://www.thestar.com.my/business/business-news/2021/08/06/bursa-malaysia-ends-lower-as-politics-virus-woes-weigh

Wow, major shareholder Lau really disposed of a big chunk of his freely alloted warrants at good prices! But the smarter market operator managed to distribute them back to the punters/investors at even higher prices(highest, 74.5 sen).
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3181656

I had highlighted the mismatch earlier, hopefully this has helped to save some newbies from chasing high! During my time as a newbie, I was not lucky to get this type of timely warning! Instead, I was encouraged to chase high!

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Jul 24, 2021 8:24 PM

New warrant was listed on 6/7 at 30.5 sen. Yesterday(23/7), it closed at 71 sen. This represents a whopping 133% increase. But if we look at the mother share. It just rose from RM 1.94(closing price) on 6/7 to RM 2.09(closing price) on 23/7, a mere increase of 7.7%.

What a clear mismatch! I can see big, fat frogs jumping on the street for people to catch. But beware, catch at your own risks.

Ahahah - Better stay away from this speculative warrant game. If you really see value in Comfort, you should invest in the mother share instead!

I have explained the issue of Rubberex not giving dividends recently in my earlier posting on 24/7/21. I was not the company's spokesman. That was just my own reasoning.
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8888_ Hextar got dividend so must Ruberex?

Free Convertible warrants are usually issued for longer-term fund-raising needs, eg 3 to 5 years. Let's wait and see when management will implement this.

As a shareholder, you can also bring it up to management for consideration.
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8888_ Comfort got free W nobody in i3 like?

In the eyes of market operators, all glove companies are treated like one big family and usually move in the same direction.

Anyway, this is a temporary setback for Comfort only.
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8888_ Comfort 2 weeks stop production good for Ruberex?

I do not know exactly what Ong Choo Meng's big plan is. Obviously, he is not in a hurry to buy up his Rubberex shares now.

Recently, Hextar Global has done a few acquisitions. One of which is to acquire the entire equity interest in Nobel Synthetic Polymer Sdn. Bhd. and Nobel Scientific Sdn. Bhd. (“Nobel Group”) which manufactures and supplies chemical derivatives, coating and related products.

The Nobel Group was set up to provide high performance custom-made anti-tack rubber
lubricant and coatings for the rubber industry. With their in-house research and development capabilities and years of experience in R&D initiatives in practical applications of polymers in the rubber industry, the Nobel Group produces proprietary formulations with a focus on rubber and/or rubber related products. Its customers include some of the world’s largest rubber glove manufacturers. The Nobel Group continues to endeavor in its R&D initiatives to develop breakthrough technologies for gloves and its manufacturing processes.

This could benefit Hextar Global more. But will it help to reduce the manufacturing cost for Rubberex? Perhaps, only time will tell.

Just for sharing purpose.
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https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3174728

Major shareholder Ong Choo Meng has brought in his own man from Hextar Group of Companies to join Rubberex's BOD...
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3181099

That was just a bait to test the mkt. Since nobody fell for it, do a u-turn leh!
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Who panic sold Southern Cable shares at 39 sen yesterday?
27/07/2021 10:01 PM

Who panic sold Southern Cable shares at 39 sen yesterday?
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The bad news is none of us knows the answer to my question. We can be taken for a ride to sell cheap!
27/07/2021 10:01 PM

Yes, US mkt is still the best market to be in. But US mkt is near record high. So, risks of an imminent correction are also high. Bursa market is really a letdown.

Why worry? 悟空 has given you guys his TA reading of the counter. If wrong, his "reputation" is at stake.
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Wukong 图上价格的技术反弹很快即将来临。

Some analysts raise Hartalega target price while some downgrade forecasts.
https://www.theedgemarkets.com/article/mixed-reactions-hartalegas-strong-1qfy22-results-average-selling-prices-competition-weigh

This is precisely what I meant to say investment is more of an art than a science.
However, we cannot get away from the fact that market prices are more often than not dictated by the big boys(eg market operators).

For the past 2 days, Rubberex enjoyed some mild support from the operator and closed artificially higher at the seller's price.

No shares buyback? Company is probably preserving cash for the current bad time, impacted by the MCO.

It can also mean (Sun) Wukong(the Monkey King). Whether he is the Monkey King or a scorpion, we must make our own assessments.

In this virtual world, we can see the good, the bad and the ugly!

This explains why. We must look at the context sometimes.
https://www.theedgemarkets.com/article/klci-bucks-regional-trend-extend-losses-pandemic-woes-political-uncertainty

Wow, nobody responded. Looks like we have got to wait for the official quarterly report from the company this month then...

Private placement shares to be listed tomorrow...
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3180012

Wukong has been here a few times to give his stern warnings about the company. We do not know to what extent they are true. But his actions remind me of the swordfighting drama that I used to watch on TV. Some seemingly good guys appeared kind on the surface, but had harboured selfish motives. Whereas, some bad-looking guys had given harsh words, but they turned out to be kind warnings in the end.

Whether Wukong is a saviour or a witch, time will be the best judge!
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Wukong 老板说过1块就是1块了的，你们这废材不要乱乱吹水让人买入亏钱

This thread is getting so quiet nowadays. We lack more quality inputs on the company's progress from the better-informed, eg Luckyboy88, etc...
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Luckyboy88 All sector of business are booming.
1) telecom - 5g rollout, with KUB as a bumi entity
2) energy - LPG which is 1 of main revenue contributor will rise in tandem with crude oil.
3) plantation - current CPO price is very encouraging and will stay as there is no big expention for major players. World population is on exponential growth.
4) property - not much catalyst but Kub had many land banks acquired 30++ years back without land price revalued. Once did NTA will boost up.
Bonus is up coming land sales in state of johor alone with net profit of 25 eps soon.

Conclusion : price will gradually Increase,.

This month I hit on Wong engineering and lbalum. Waiting for u Kub darling, cheers
21/02/2021 1:06 PM

Whatever it is, the current key support for Rubberex is still 80 sen, which coincides with the private placement issue price.

The ball is now in major shareholder Ong Choo Meng's court. Let's see when he will come in to support his own share price.
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John1234 Investment is more of an art than a science.

Here we are, trying to predict the mkt demand and mkt supply for gloves 6 to 9 months down the road to derive at the prevailing mkt price of a glove counter.

Factors that could affect mkt demand for gloves:
1. Efficacy of vaccines vs virus mutations
2. World vaccination rates vs (uneven) distribution of vaccines worldwide
3. Level of increased hygiene awareness + living with the endemic

Factors that could affect mkt supply of gloves:
1. Number of existing suppliers worldwide
2. Number of new entrants worldwide

In the process, some variables could undergo changes and that can affect the whole analysis. This is especially so for the coronavirus' super-fast evolvements and mutations.
25/07/2021 11:38 AM

Just imagine, "If I were a mkt operator, would I be kind enough to tell you my trade secret?" In fact, I have been in this mkt long enough to know what is going on. Of course, my strong analytical power also aids my analysis.

Mkt is always forward-looking. During Covid-19 outbreak in early to mid 2020, mkt operators could predict a supercycle of strong profits for the glove companies. So, they added more fuel to the red hot market by ramping up glove counters' prices almost continuously and were making huge trading profits.

But since Covid-19 vaccines became available in late 2020 or early 2021, they started to do the exact opposite - to push down share prices almost continuously, despite even record high Covid-19 cases worldwide in recent weeks. To them, they view vaccination as a game changer.

We must understand that mkt operators are not doing charity. Their main job is to churn profits for a living. Their operating strategy in simple terms - either they buy lower and sell higher or they sell higher and buy back lower.

Stock market is a zero-sum game. When market is no good, their operating profits can only come from some others' losses. As simple as that!

I see. What a profitable way to trade this counter, much like what the mkt operator has been doing - Sell high and buy back lower.

TheContrarian is truly a warrior. I will only consider entry at around 80 sen, at private placement share price.

So far, there is still no news of major shareholder Ong Choo Meng's shares purchase actions. Being a substantial shareholder, every 1 sen drop in share price would mean more to him than anyone else. If he is not seen actively supporting his share price, why should we be more proactive?

Just sit back and relax...

Mkt operator calls shots. Let's see if he finds it worthwhile to push it lower than 40 sen for pp to sapu. Mkt operator is no fool. If he senses that there are more "genuine" buyers than "genuine" sellers at current prices, he will not try..

The bad news is none of us knows the answer to my question. We can be taken for a ride to sell cheap!
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Joyce Lee Any bad news? Why is it drop so heavily ?

Over the last weekend, I posted that Careplus had outperformed Comfort and Rubberex in the last review period:

Closing prices as at 23/7/21:
Rubberex - RM 0.96 or 1.92(original pre-bonus issue price)
Comfort - RM 2.09
Careplus - RM 2.18

But things took a drastic change over the past 2 days:

Closing prices as at 27/7/21:
Rubberex - RM 0.88 or 1.76(original pre-bonus issue price)
Comfort - RM 1.89
Careplus - RM 1.83

Careplus was hit the hardest, followed by Comfort. Rubberex was hit the least as some investors/traders had already abandoned Rubberex in search of greener pastures. Less selling pressure.

Windfall tax is nothing new. It has been brought up before. But mkt operators just seize on this opportunity to whack down share prices.

Why do I ask this question? It will affect the QR report.
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John1234 Anybody has any idea if the company is currently allowed to be operating at how many % of its factory's capacity? 10%, 60% or ?

Investment is more of an art than a science.

Here we are, trying to predict the mkt demand and mkt supply for gloves 6 to 9 months down the road to derive at the prevailing mkt price of a glove counter.

Factors that could affect mkt demand for gloves:
1. Efficacy of vaccines vs virus mutations
2. World vaccination rates vs (uneven) distribution of vaccines worldwide
3. Level of increased hygiene awareness + living with the endemic

Factors that could affect mkt supply of gloves:
1. Number of existing suppliers worldwide
2. Number of new entrants worldwide

In the process, some variables could undergo changes and that can affect the whole analysis. This is especially so for the coronavirus' super-fast evolvements and mutations.

The recent spike in Covid-19 cases globally did not bring about a sharp rise in glove counters. Apparently, mkt operators are looking beyond the number of Covid-19 cases globally to form the basis of a glove counter's share price.