Comfort's quarterly report is out...
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193924
=======================================================================
John1234 Strangely enough, Comfort drops 9 sen or 6% this morning. This is even before its quarterly report due to be out later this month.
20/09/2021 2:24 PM

keown83, history has told me that Top Glove had made fairly unwise share buyback decisions(basing on share buyback prices) in the past year. There is no need to argue on this.

If you are so bullish on Top Glove, then you can buy to support Top Glove. I have no issue with that.

Sorry. Typo error. It should read as "In fact, shorties love to short big4(Top Glove ranks 2nd as at 17/09/2021) for reasons obvious to them. I feel their much higher market prices than their NTAs per share could be a valid reason"
=================================================================
In fact, shorties love to short big4(Top Glove ranks 2nd as at 17/09/2021) for reasons obvious to them. I feel their much higher NTAs per share could be a valid reason.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210917.pdf

Didn't I give you guys warnings earlier? I hope some of the more worthy forumers got my alert and acted accordingly.

Cash is king now...
=======================================================================
Plantermen Bad omen. DJ down - 614points. Collapse of China property company Evergrande may spill over to other Asian markets
21/09/2021 9:02 AM

Wow, 借刀杀人!
====================================================
HamsterHuat as someone said here..
RubbishRex
21/09/2021 1:01 AM

I fully endorse Rubberex's share buyback yesterday, the buyback price is BELOW its NTA per share(as at last quarter's report) and it is also in line with Ong Choo Meng's MGO-triggered offer price of RM 1.80 per share(before xb of 2 for 1) last year.

In terms of share buyback, smaller glove company like Rubberex appears to be taking a relatively prudent approach. This contrasts greatly to Top Glove's share buybacks last year and this year, at market prices so much higher(ranging from RM 6+ to RM 8+ per share?) than the current market price of RM 2.81.
https://www.theedgemarkets.com/article/top-glove-spends-another-rm6993-million-share-buy-back
https://www.theedgemarkets.com/article/top-glove-resumes-stock-buyback-spending-rm4927m-purchase-808m-shares

If an industry-outsider like keown83 can see a falling or normalising ASP coming, why couldn't Top Glove management see it coming and do the share buyback at much cheaper prices now?

In fact, shorties love to short big4(Top Glove ranks 2nd as at 17/09/2021) for reasons obvious to them. I feel their much higher NTAs per share could be a valid reason.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210917.pdf

Just sharing my own personal opinion. Not a buy or sell recommendation. IT IS YOUR OWN MONEY AND INVESTMENT. YOU DECIDE WHAT IS BEST FOR YOU!!!
===========================================================================
John1234 Finally, Rubberex management comes in to support the share price....
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193755
20/09/2021 8:35 PM

Start_0f_the_bull, well said!

Without his childish behaviour, how to show by contrast that we are more matured thinking? Lol!!!
===============================================================
Start_0f_the_bull Exactly! This one is like a spoilt kid going around and throw stones at every cars passing by. LOL

Finally, Rubberex management comes in to support the share price....
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193755

Someone has been going around almost all glove threads to "ridicule" the glove counters!!!

Why??? "爱之深,责之切"!!! I think he must have had so much intense love for glove counters until he has grown over-possessed with his ridicules!!!

Perhaps, he could change his name to "Glovesfinder", hahaha!!!
=============================================================================

gemfinder's various postings:

Stock: [SUPERMX]: SUPERMAX CORP BHD

Sep 20, 2021 5:08 PM | Report Abuse

change name to supermin. hahaha


Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Sep 20, 2021 5:07 PM | Report Abuse

change name to kossong rubber. hahaaha


Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to rubishrex. hahaaha


Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to bottomglove. hahaha


Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Sep 20, 2021 5:05 PM | Report Abuse

change name to hartataklega. hahaha


Stock: [COMFORT]: COMFORT GLOVES BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to uncomfort. hahaha


Stock: [CAREPLS]: CAREPLUS GROUP BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to careminus. hahaha
20/09/2021 6:58 PM

Someone has been going around almost all glove threads to "ridicule" the glove counters!!!

Why??? "爱之深,责之切"!!! I think he must have had so much intense love for glove counters until he has grown over-possessed with his ridicules!!!

Perhaps, he could change his name to "Glovesfinder", hahaha!!!
=============================================================================

His various postings:

Stock: [SUPERMX]: SUPERMAX CORP BHD

Sep 20, 2021 5:08 PM | Report Abuse

change name to supermin. hahaha


Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Sep 20, 2021 5:07 PM | Report Abuse

change name to kossong rubber. hahaaha


Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to rubishrex. hahaaha


Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to bottomglove. hahaha


Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Sep 20, 2021 5:05 PM | Report Abuse

change name to hartataklega. hahaha


Stock: [COMFORT]: COMFORT GLOVES BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to uncomfort. hahaha


Stock: [CAREPLS]: CAREPLUS GROUP BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to careminus. hahaha
20/09/2021 6:58 PM

Someone has been going around almost all glove threads to "ridicule" the glove counters!!!

Why??? "爱之深,责之切"!!! I think he must have had so much intense love for glove counters until he has grown over-possessed with his ridicules!!!

Perhaps, he could change his name to "Glovesfinder", hahaha!!!
=============================================================================

His various postings:

Stock: [SUPERMX]: SUPERMAX CORP BHD

Sep 20, 2021 5:08 PM | Report Abuse

change name to supermin. hahaha


Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Sep 20, 2021 5:07 PM | Report Abuse

change name to kossong rubber. hahaaha


Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to rubishrex. hahaaha


Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to bottomglove. hahaha


Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Sep 20, 2021 5:05 PM | Report Abuse

change name to hartataklega. hahaha


Stock: [COMFORT]: COMFORT GLOVES BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to uncomfort. hahaha


Stock: [CAREPLS]: CAREPLUS GROUP BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to careminus. hahaha
20/09/2021 6:58 PM

Someone has been going around almost all glove threads to "ridicule" the glove counters!!!

Why??? "爱之深,责之切"!!! I think he must have had so much intense love for glove counters until he has grown over-possessed with his ridicules!!!

Perhaps, he could change his name to "Glovesfinder", hahaha!!!
=============================================================================

His various postings:

Stock: [SUPERMX]: SUPERMAX CORP BHD

Sep 20, 2021 5:08 PM | Report Abuse

change name to supermin. hahaha


Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Sep 20, 2021 5:07 PM | Report Abuse

change name to kossong rubber. hahaaha


Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to rubishrex. hahaaha


Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Sep 20, 2021 5:06 PM | Report Abuse

change name to bottomglove. hahaha


Stock: [HARTA]: HARTALEGA HOLDINGS BHD

Sep 20, 2021 5:05 PM | Report Abuse

change name to hartataklega. hahaha


Stock: [COMFORT]: COMFORT GLOVES BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to uncomfort. hahaha


Stock: [CAREPLS]: CAREPLUS GROUP BHD

Sep 20, 2021 5:04 PM | Report Abuse

change name to careminus. hahaha

Be careful, guys!!! Dow futures is already down 400 points...no wonder we see sharp drops in many Bursa counters today..

So, glove counters are not specifically targetted at by operators today.

Be careful, guys!!! Dow futures is already down 400 points...no wonder we see sharp drops in many Bursa counters today..

So, glove counters are not specifically targetted at by operators today.

While waiting for glove counters to bottom out, I direct my attention to steel counters currently. I made a ROI of close to 8% on a steel counter the last time(just this year). Now, the opportunity strikes at my door again, still monitoring though, lol.

(NB: Do not ask me which counter. Trade secret!)

Strangely enough, Comfort drops 9 sen or 6% this morning. This is even before its quarterly report due to be out later this month.

Market operator really calls shots in the absence of strong buyers and positive catalysts. I will keenly wait for the market operator to do the "dirty" job of pushing down the prices indiscreetly. Only then, we can see a more meaningful rebound, lol.

Yes, I was the one who had said that major shareholder Ong Choo Meng was not in a hurry to buy up his own Rubberex shares, given his lower holding cost.

I even asked the forumers here to act discreetly...

My previous postings:

Sep 3, 2021 10:11 AM

In a quiet market like now, market operator calls shots. I have said this more than once, "we should wait for major shareholder Ong Choo Meng to come in to support his own shares price first, rather than we keep on supporting the share price for him."

That would give us a rough indication of how he perceives his own share price.

Aug 12, 2021 8:43 AM

John1234 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

=============================================================================
Jonathan Keung 1.80 was the price before the share split. Prior to the announcement price was trading substantially lower at between 1.20 - 1.40 . His holding cost may be between 40 -50
20/09/2021 12:57 PM

Wow!!!

Rubberex has fallen back to 60 sen, major shareholder Ong Choo Meng's MGO price of RM 1.80(before xb of 2 for 1) last year...

Where is our major shareholder Ong Choo Meng now? I am still waiting for his price cue.
===================================================================
John1234 Market tends to overshoot on the downside on bearish market sentiments.
20/09/2021 12:29 PM

Market tends to overshoot on the downside on bearish market sentiments. My cash pile will prove useful to pick up any good bargains.
==============================================================================
John1234 Asian equity markets as a whole are doing rather badly this month. US markets are hovering near record high and are prone to a likely pull-back of 5 to 10%(by some analysts).

That is why I have decided to trim my exposure in my blue chips to conserve cash.
17/09/2021 12:11 PM

John1234 Cash is king. I have conserved some emergency fund and I can now afford to pick and choose which counters to buy: healthcare theme like gloves or recovery themes like steel, palm oil, technology, travel-related, etc.

Patience is the key word in any stock market game!!!
15/09/2021 10:24 AM

This morning, even recovery themes like steel, tech, etc, were sold down too.

Sad to say that, a lot of Bursa mid and small caps are "pushed up" by operators only for short-term play. Only blue chips(eg banks) are worth a longer-term hold.

Bursa market is pretty weak these days. Top Glove is dragging the whole glove sector down again.

Rubberex operator just follows the big4 lead to bring Rubberex's price down as well. When market sentiments are weak, the fear of a falling knife gives the operator the gut and gusto to push it lower.

While some of you are still busy looking at the glove counters, my focus of attention is now shifted to my other counters in my portfolio - to see how I should reposition/rebalance my portfolio.

Only 2 groups of forumers need to closely monitor Rubberex share price during the current depressed moments:
1. Buyers who are still thinking about topping up on the counter;
2. (Frustrated) sellers who are "giving up" and thinking of cutting loss.

With Fed's tapering talk on the agenda, coupled with the ever-evolving Delta variant, some analysts in the US are already predicting that US markets could well experience a correction of between 5 to 10%. In fact, S&P 500 falls on Friday and it has notched second straight week of losses in September.

World shares fall as markets await Fed meeting, taper timeline
https://www.theedgemarkets.com/article/world-shares-fall-markets-await-fed-meeting-taper-timeline

Market is always for the better prepared!!!
====================================================================
Plantermen DJ {US} volatility is the game. fluctuating between the bulls & bears
17/09/2021 9:07 PM

Remember I did highlight in my earlier posting(reproduced below) about how Rubberex operator has been doing his day-to-day trades?

The modus operandi can be similar to IDSS. So, it does not matter to me whether IDSS is currently available or not.

To avoid any confusion, I will remove the word "IDSS" when I mention Rubberex operator in future.

My earlier posting:

Stock: [RUBEREX]: RUBBEREX CORP (M) BHD

Aug 26, 2021 5:24 PM

Yes, you brought up a good point, which I had highlighted before. From my analysis, I could deduce that the operator was buying(or covering) back at closing the Rubberex shares that he had sold earlier to press down prices. But he was not able to collect enough shares from our poor investors before matching time to cover the amount sold!

What a strategy that the operator has been using to "con" people into selling their shares everyday and a lot of naive-thinking investors thought there was really so much selling everyday!!! Market is not as simple as we see it.
----------------------------------------------------------------------------
Plantermen Prices tend to move marginally higher at the close or supported prior to matching time. Otherwise prices tend to drift lower without any supportive action.

=============================================================================
VTrade Can do idss already?
18/09/2021 12:20 AM

VTrade Not dec only open?
18/09/2021 12:41 AM

Southern Cable obtains approval for Main Market transfer
from Securities Commission Malaysia
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193515

Today's IDSS show appears to be nothing extraordinary. IDSS operators sold stocks higher in the morning, just to buy/collect back shares lower by end of trading day.

I can almost pre-write the ending script for today. I will switch off my PC now.

Top Glove's last quarter's result is out...
https://www.theedgemarkets.com/article/top-glove-posts-rm608m-net-profit-4qfy21

Those who had chased high, based on the earlier article, in the morning got played out by the IDSS operators...

Asian equity markets as a whole are doing rather badly this month. US markets are hovering near record high and are prone to a likely pull-back of 5 to 10%(by some analysts).

That is why I have decided to trim my exposure in my blue chips to conserve cash.

I cannot speak for you. You must make your own investment decisions.

I strongly believe in diversifying my portfolio. So, my purpose of holding Rubberex is more as a hedging instrument for my overall portfolio. I do not bet big on Rubberex to make big money.
============================================================================
Nancy Boon no hope sigh holding since 1 dollars plus but downward.....
17/09/2021 11:24 AM

There are just so many tales to share in stock market operations that I can easily compile a book on this, lol.

Even so, I remain relatively very humble. It is a life-long learning process.

IDSS operators can play long or short at any one time.

Hopefully, we do not get the wrong group of players(eg punters/traders) into the market today. Otherwise, we could face more volatility in the glove stock prices, by punters/traders' "inconsiderate" price actions(eg cut loss), should the operators do another shake-out again.

Investors will be looking for more than another record-high profit from Top Glove
https://www.theedgemarkets.com/article/investors-will-be-looking-more-another-recordhigh-profit-top-glove

Really? No wonder operators keep whacking down glove counters in past days, to prepare possibly a stage for today's rally. Lol

A lot of naysayers get dumb-founded today. Will this be another one-day show? Only market operators will decide how the game is played.

Today, the spotlight will be on Top Glove. I just watch as a "free" rider how this interesting IDSS show plays out...

No need to pay a single sen to go to a cinema and yet I can watch a "free" show. Why not?

Let's critically examine it...

Market can be broadly categorised into 2 groups:
1. Investors(including value investors or bargain hunters)
2. Punters/traders(short term players)

Technically, NTA per share can be viewed as the intrinsic value of a share. Under normal circumstances, investors would not feel any justification to sell their shares at below its NTA per share value.

But punters/traders are a different breed. They are basically trading on TA leads, less concerned with its FA(its intrinsic value). So, they can be selling at any price, so long as the TA turns against them.

Nevertheless, it is a known fact that Rubberex has been on a downtrend for a long while now. So, I would say that punters/traders are almost non-existent these days. So, who else could be selling at below its NTA per share value? Most likely, it is the work of IDSS!

Market can be more sophisticated than we can imagine possible.
=========================================================================
Kingbeast NTA > Share price means it will not drop anymore?
16/09/2021 2:47 PM

Finally, we hear more of diverse views. It is no more my usual lone voice. This bodes well for a meaningful exchange of views.

Hopefully, it will be a case of "more heads are better than one", and not a case of "too many cooks spoil the broth"!

Why shorties prefer big4(esp Harta and Top Glove)?

I just checked their NTAs per share. In fact, their current market prices are still very much higher than their NTAs per share. But if we look at Rubberex's NTA per share(as at last quarter's report) of 63 sen(excluding the inclusion of last round of PP at 80 sen), the current market price of 62.5 sen is already trading below its NTA per share of 63 sen, lol.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3187575

Not a buy or sell recommendation. Just for illustration purpose.
=====================================================================
John1234 Shorties are especially keen to short big4. More meat, mah!!!
15/09/2021 12:18 PM

Shorties are especially keen to short big4. More meat, mah!!!
==========================================================================
Jonathan Keung Rubberex drag down by TG and Supermax
15/09/2021 12:18 PM

Cash is king. I have conserved some emergency fund and I can now afford to pick and choose which counters to buy: healthcare theme like gloves or recovery themes like steel, palm oil, technology, travel-related, etc.

Patience is the key word in any stock market game!!!

This morning(as of now), glove big4 share prices are down again, dragging the whole glove sector lower. Rubberex share price moves lower too.

Rubberex operator chooses to trade the counter down again. I am more interested to look at the closing price of Rubberex at the end of the trading day. Pre-holiday closing prices are usually no good for most stocks.

You do make sense, TheContrarian. If not because of some non-stop badmouthing of the Rubberex stock by a few out of their own selfish motives, real investors like you would not get penalised so badly!

You are most welcome to speak up for your own right!
===================================================================
TheContrarian 6 weeks ago market price was above PP price. Today at around 20% discount from the PP price is a bargain if you have spare cash to buy and hold.
14/09/2021 6:59 PM

Rubberex management, pls take note of this guy's special branding of Rubberex as rubbishrex!!!
===============================================================
Sneakpeek Wow..rubbishrex green..long term investor rejoiced
14/09/2021 4:50 PM

TheContrarian, we need diverse and constructive views. Feel free to speak up.
=======================================================================
TheContrarian If it goes down further it will be a greater bargain to buy. No one really knows where and when is the bottom.
14/09/2021 7:48 PM

Yes, Rubberex passed my 1st test today. Got to see the next few days..

Against the bigger drops of the big4(except Harta, which closed artificially higher with a wide gap), Rubberex's price movement today seems inexplicably resilient..

My likely explanation would be real sellers had somewhat dried up and market operator was made to buy or cover back sold shares higher today???
======================================================================
Jonathan Keung Strong support at 63
14/09/2021 11:17 AM

I have started to cash out a small portion of my blue chip stocks to conserve cash for any emergency use.
=======================================================================
John1234 I still see Covid-19 Delta variant as a valid cause of concern possibly impacting on my blue chip stocks performance
13/09/2021 5:54 PM

Guys, cash is always king. Do preserve your cash(bullets) for emergency use.

Luckily, I did not make a switch out of Rubberex into any big4. The situation has been equally "dire" for them too.

News just in:
Eddie Ong emerges as substantial unitholder in KIP REIT
https://www.theedgemarkets.com/article/eddie-ong-emerges-substantial-unitholder-kip-reit-confirms-edge-report

Eddie Ong already has a diverse portfolio of businesses, including glove manufacturing, agrochemicals, furniture, plastic and industrial products.

The Edge weekly said Eddie Ong’s move into the retail industry is seen as intriguing, coming at a time when the retail sector is severely affected by the pandemic.

According to the report, sources said Eddie Ong’s entry into KIP REIT will allow him to act as a sponsor and potentially inject his portfolio of factories and warehouses into the REIT.

I am pretty relaxed today. Looking forward to a holiday break from the Malaysia Day on 16/9. Life is not all about making money!!!

徐小鳳【順流逆流 1985】(歌詞MV)(1080p)(作曲/填詞：蔡國權)
https://www.youtube.com/watch?v=CrFyxF-eQJQ

隨想曲 徐小鳳
https://www.youtube.com/watch?v=Q5OBSU07KzQ

In a quiet market like these days, a lot of bigger buy/sell queues could be planted by the operator, for the purpose of intra-day trading.

I do not pay much attention to any number, until it is tested and proven successfully.
=================================================================================
Jonathan Keung Strong support at 63
14/09/2021 11:17 AM

政府宣布十月转为“地方性流行” 医生：不等于新冠病毒不再危险 | 八点最热报 13/09/2021
https://www.youtube.com/watch?v=BxFew_cdxv8
追加第三剂成趋势 未来补打疫苗或成新常态 | 八点最热报 09/09/2021
https://www.youtube.com/watch?v=5zLXGUYg-cA

I still see Covid-19 Delta variant as a valid cause of concern possibly impacting on my blue chip stocks performance:
https://www.theedgemarkets.com/article/heres-what-next-six-months-pandemic-will-bring
https://www.msn.com/en-sg/news/singapore/singapore-poised-to-keep-status-quo-despite-higher-covid-numbers/ar-AAOnnBl?ocid=msedgntp
==============================================================
John1234 While remaining proud, I also guard against on how the rise of the Delta variant could likely affect their business profitability. I do not want to get carried away at the same time.
13/09/2021 11:15 AM

Guys, Foker has written the following blog essay about Rubberex. Pls feel free to read and comment too. I am never stingy in giving an acknowledgement for the work done!
https://klse.i3investor.com/blogs/the_inquisitor/2021-09-10-story-h1571471306-How_will_a_small_glovemaker_fare_in_times_of_oversupply.jsp