You are making a very dangerous statement! What makes you say that this is a PN17 oompany. Later, major shareholder or the company sues until you become bankrupt!!!

Haha! Think before you say!
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smyang11 Better avoid this PN17 company

Last quarter's report is due to be released by next Tue(31/8). I wonder how the company was faring last quarter.
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wallstreetrookie No, because there are better steel companies like Annjoo, Press Metal, Choobee, China Steel. Masteel's financials are a bit concerning for most investors

I think Comfort may suit you better. It gives out "dividends" and its share price is also at 52-week low.

But, do take note that major shareholder Lau likes to sell his own Comfort shares in the market. As far as I can recall, he had been actively selling a big chunk of his Comfort mother shares last year during the super bull run days of 2020/2021. Even now, he is still actively selling his zero-cost Comfort WB too. He will surely need more investors to support the share price.
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smyang11 Guys. Would you rate Ruberex or comfort better? In regards to attractiveness of share price?
27/08/2021 9:41 PM

Extracted from the circular:
"After due consideration of the various methods of fund raising, the Board opines that the Proposed Private Placement is the most appropriate avenue of fund raising as the Proposed Private Placement enables the Company to raise funds expeditiously without incurring interest costs as compared to conventional bank borrowings thereby minimising any potential cash
outflow in respect of interest servicing costs.
The Proposed Private Placement also provides the Company an expeditious way of raising funds from the capital market as opposed to other forms of fund raising. Upon completion of the Proposed Private Placement, the enlarged capital base is also expected to further strengthen the financial position of the Company."
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jackfruit Rubberex plant expansion for another 7.5 billion pcs of nitril glove that required 400million. One thing I don't understand why they don't borrow money from the bank when interest is so low. Smart management will borrow and at the same time paid dividend to shareholders. Rubberex cash flow is strong and stable. The way the price is falling like waiting for a third party to take over the company. Maybe Comfort or Careplus are eyeing at rubberex as both also cash rich.

There was an obvious reason why Rubberex management needed to raise cash via pp to fund partially the planned capacity expansion.

RATIONALE OF THE PROPOSED PRIVATE PLACEMENT(extracted from the circular)
The Proposed Private Placement will enable Rubberex to raise the necessary funds to part finance the capital expenditure required and working capital of the Group as described in Section 3 of this announcement.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3168364

The total net proceeds raised of RM66.1 million have been earmarked for further
expansion into nitrile disposable gloves production lines at a new manufacturing site in Lahat, Kinta District, Perak.

In view of this, I would choose to give the benefit of the doubt as to why its management is not giving any dividend this time around.

It appears that my prediction has turned out true. This is especially so when the last quarter's result was rather decent as a whole!
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John1234 Wow, nowadays, shrewd bargain hunters are really "squeezing" the operator! But, will the operator be kind enough to sell cheap?

Yes, I do agree that dividend is welcome news for the investors. But we must not forget that share price will be adjusted too on the xd date. Eg Comfort share price dropped about 8 sen on the xd day recently, when the dividend payment was only 4 sen.

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Stock: [COMFORT]: COMFORT GLOVES BHD

Jul 8, 2021 10:41 AM

Dividend payment is like drawing cash out from the company's cash reserve. Share price has to be adjusted for this change.

In a bull mkt, adjustment will be less. But on a bad mkt day, adjustment will be more.

neutralist,

Both Albukhary and you have done a fine job in analysing and highlighting the salient points of the quarterly report. I do not have much to add, except to say:

1. Rubberex’s Managing Director, Mr. Khoo Chin Leng, reiterates that, “Despite
signs of glove prices gradually easing in recent weeks, demand for gloves, specifically disposable gloves, and other personal protective equipment perseveres in this on-going pandemic and notwithstanding higher rates of vaccination globally, shall remain persistent at the forefront of protection, safety and hygiene.”
Hopefully, market has more or less priced in already the ASP drop of the Rubberex gloves, given its current share price.

2. As at last quarter report, Rubberex had a NTA per share of 63 sen, backed by a strong cash position, this would provide a good cushion on the share price.

Frankly, my relative strength is not so much on analysing financial reports, but rather on interpreting/analysing the shares market trading dynamics, which I have learnt over the years.

Hope I can contribute in my small way.

Neutralist, I had a pretty busy day today. I will come back to you later after dinner.

Bgt 9963, you have been going around the forum wishing people good luck. Yes, thank you! We need plenty of good luck and wisdom to deal with this invisible enemy - the market operator!

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.
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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.

This is usually "the calm before the storm". Prices can go either way, up or down more in a wider range after the result release, depending on how the market(as dictated by the big boys) interprets the result. So, on the safer side, never try to bet on any corporate result before its release.

After some retreat, the play today is on steel counters.

Neutralist, I like your prudent and conservative approach. This will allow a safety margin for any judgmental errors. Looking at the trading vol this morning, we can tell that the operator is trading in a tight range too before the announcement.

This morning, steel counters got a bit of boost of confidence after the release of Prestar and Tashin results yesterday. Why those traders never came here to promote this counter when prices were much more attractive in the last few days, lol?
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John1234 You make sense. But most importantly, they are mostly traders for quick gains.

Neutralist, in the 1st quarter 2021 report, the company's profit was at 86.6m and EPS was 10.44 sen. Given that gloves demand was still strong in the 2nd quarter, I believe profit and EPS figures would be higher than what you have estimated conservatively.

The report will be out in a couple of days. Let the report speak for itself.

Summary of report:
NTA per share: 87 sen
Proposed dividend: 1.5 sen per share
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3186274

Result is expected to be good for the last quarter, as it would also include a realization of an investment gain from the resale of its treasury shares last quarter by the management.

But what matters more is what the management has to say about the company's performance, its business plan and prospect(including the ASP expected).

If they have something extra(eg dividend, free renounceable warrant) to announce, that would be a bonus.
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smyang11 Hi John, what do you think of their result?

For those who need to know only....
In the absence of any fresh lead, the operator is most probably trading(buying + selling) in this new narrow range of 77.5 sen to 80.5 sen, pending the release of its last quarter's result.

You make sense. But most importantly, they are mostly traders for quick gains.
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wallstreetrookie No, because there are better steel companies like Annjoo, Press Metal, Choobee, China Steel. Masteel's financials are a bit concerning for most investors

This thread has become so quiet. It used to be populated by some very active promoters here just a month or two ago, when the price was so much higher. Now that the price has become so much lower, they are nowhere to be found.

Strange, isn't it? Do not tell me they have a special liking only for higher-priced stocks!

Neutralist, welcome onboard, we can then have more quality inputs from another perspective. This forum will provide a useful platform for us to share more info on the company...

There are so many counters at Bursa much worse than Rubberex. Why don't you go around "shitting" everywhere??? Hahahaha...

From now on, I will not waste time on a loser and his "shitty" comments!!!
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No need talk so much. At the end, Ruberex is a shit counter. If drop, drop a lot. If up. It will stay stagnant.

Shareholders all selling. They don’t give dividend, what also don’t give.

Jonathan, I want to correct your misconception:
Based on Bursa filings, major shareholder Ong Choo Meng only sold his own shares in Apr this year at prices above RM 1.4. Since then, there has been nil announcement of his further selling or buying.

The Rubberex operator is the one that trades(buys and sells) the shares on a daily basis.
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Jonathan Keung Technically he accumulate his shares at below 1.80 { before the share split 2 :1 } which translate his holding cost at anything betw 50 - 60 sen. No wonder he keep on selling and disposing
24/08/2021 5:24 PM

Neutralist, I did point out earlier why the major shareholder is not in a hurry to buy up his own shares(see details below).

I like your style, very gentlemanly and patient in your approach. We get your vote of confidence for this counter finally.
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John1234 Aug 12, 2021 8:43 AM

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

My advice for you:
If you really want to invest your money, go for blue chips instead. Less price manipulation.
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smyang11 Buy tech better la. At least banker’s favorite. Glove banker never go in at all. So stagnant. Haaha

I just had my lunch. I have a bit of time now to entertain you, smyang11. Let me ask you some pertinent questions on your recent postings:
1. On what basis did you come up with the fair value of RM 0.80 for Comfort Gloves?
Why not say 0.90, RM 1 or RM1.20, or something else? Are you a qualified stock analyst who is competent enough to work out the fair price? I do not own any Comfort shares, but I feel you could mislead some innocent investors or newbies!
2. Your comments on ES Ceramics Technology and GD Express Carrier seem to tell me that you do not know how stock market works. Stock prices go by forward pricing and the good news has already been priced in or/and the market outlook has turned dimmer.
3. Why other counters making losses but share price sky rocketing up? This is because the operators are merely targetting at real punters, who like to punt for quick gains. Operators engage in a "naive" game of what we call "pump and dump"!
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Postings by smyang11:

Stock: [COMFORT]: COMFORT GLOVES BHD

Aug 23, 2021 8:37 PM

I think comfort fair value is RM0.80 due to the fact that, ASP is dropping. So glove is considered as “non growing” business.

So share price will further drop.

Stock: [ESCERAM]: ES CERAMICS TECHNOLOGY BHD

Aug 17, 2021 6:39 PM

This counter is absolutely shit. Highest QR but drop

Stock: [GDEX]: GD EXPRESS CARRIER BHD

Aug 14, 2021 3:43 PM

How come this counter earning quite well, but share price like not moving?

While other country making losses but share price sky rocketing up?

Gdex is logistics business, it is a good business

skcm2017, thanks for the sharing.

There is this Chinese saying"臥虎藏龍"(crouching tigers and hidden dragons), we can find crouching tigers and hidden dragons in this forum. Do not play play!

Yes, we need these 3 things(Knowledge + Experience + Effort) to succeed in any investment. You had an aggressive trading strategy of 1,3,9 and...This would work well in a super bullish market like last year. I was told that some aggressive gamblers also employ this "system betting" strategy in casino. Unlike you, I have a more conservative approach to investment. That is why I can only make much smaller gains, but I am happy with that.

Everyone has his/her own investment style. We should tailor one that best meets our investment objectives, time horizons and risk profiles.

Cheers!

You go and ask major shareholder Ong Choo Meng what price he will buy back his own shares lah! I copy skcm2017's reply to you!...hahahaha..
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smyang11 Cheh. Means u r talking empty air. Lol

Haha, you are waiting for that price to buy back? Sorry, you are my competitor. I cannot tell you!
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smyang11 What price u waiting? 0.5? Lol

Haha, you speak as though you are a casino gambler! You think stock investing is like going to a casino to play a game of baccarat? One game decides all?

I believe everyone has his/her own reason for holding on, eg holding it for the next bull cycle or a better time to sell, etc.

As for myself, I still hold some small amount of left-over shares, which I can afford to lose. I am waiting for a good time to top up to bring my holding cost much lower.
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smyang11 Hold longer, isn’t it lose more? Hmmm or you just believe glove market will be back, just not anytime sooner?

I simply take care of those who have decided to hold for whatever reason...
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smyang11 So you mean is good to hold and patience will be rewarded?

Yes. But do not under-estimate the wisdom level here. In fact, I have already given enough warnings here and the buyers have been forewarned. When newbies/punters come in without understanding the mechanics involved, not only will they end up losing money, they will also give the operator a better chance to push down the price more by their contra selling, which is bad for the existing holders.
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smyang11 Because I am telling the truth

You have been going around the forum to condemn a few counters as shit counters, eg ES Ceramics Technology, YBS International, etc.

If you really want to invest your money, go for blue chips instead. Less price manipulation.
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smyang11 Rubbish counter. Noob company, better de listed

I never actively chase after glove counters like the others during the super bull run days of 2020.

I came into this counter only when it dropped below 1.10 around end March and sold 3/4 of it when it rebounded strongly in Apr. Currently, I still own a small amount of Rubberex shares.

A lot of forumers might think that I do not own any more Rubberex shares as I never actively talked up on the counter for the sake of selling my shares. I gave a more balanced viewpoint.
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John1234..do you have any shares here?I don't that's why I don't taunt others.whats the purpose?maybe you can share

Wow, we have a millionaire winner here! Would you like to share your success formula, for the benefit of the not so successful forumers here?
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skcm2017 @ John1234, yes, all gloves counters including this "shits" counters..haha on 2020 which i was profiting 7 digits. Enjoy all advices, minus of the "shits" or whatever it is
23/08/2021 9:03 AM

Gloves demand is still around. But ASP is expected to drop and the operator is betting on that.
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John1234 why waste time here? Is Covid-19 over? So gloves demand will taper off?

This could be the 3rd sub-group under group 2, which I have omitted unintentionally.

I did this to highlight risks involved in buying Comfort WB on Comfort fourm!
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Keyman188 But this type of people like Robinhood...like to share to save newbies kena trapped...

Is it called gehboh or busy body!!!...


wkwkwk...kekeke...hehehe...

In any i3-investor forum thread, we can easily notice 3 broad categories of forumers:
1. Forumers who like to talk up the counter: These are pp who still own a stake of the counter and hope to attract more buyers;
2. Forumers who like to talk down the counter: 2 sub-groups: a) those who have sold the counter and hope to buy back much lower; b) those who get overly frustrated with the counter and tend to give biased comments without substantiation;
3. Runners of the operator: Could be an occasional forumer trying to find out the ground feeling and therein throwing in a high/low target price of the counter according to operator's game plan.

From the comments given, I can roughly categorise which group the forumers are in. I do not usually pay much attention towards obvious and/or unsubstantiated comments. When a counter is already in a downward movement, it is indeed a no-brainer to say the obvious. I will be more interested to hear the counter-arguments and do my own evaluations. Anyway, doing own research/analysis is still the best way forward.

https://www.thestar.com.my/news/nation/2021/08/20/ismail-sabri-to-be-sworn-in-as-pm-at-230pm-on-saturday-aug-21

skcm2017 has been a staunch buyer/supporter of Rubberex as he had made huge gains from it last year. So, in effect, he is buying back the shares that he had sold last year.

Just a word of caution though - Use dollar cost averaging method to average down holding costs in a more disciplined way, rather than haphazardly. First, formulate a plan, ie how much lower the share price could possibly drop to in the worst-case scenario? Next, plan out the top-up(buy) trigger points, based on available funds, ie spread out the purchases. Lastly, never put all eggs into one basket, ie diversify the portfolios.
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skcm2017 Aug 2, 2021 5:29 PM

@JK22 - corrected your wrong hypothesis without research data. I was making a huge profit in 2020...

Rubberex briefly touched 79.5 sen and closed at 80 sen today.

On closer examination, I found out the following:
1. Trading vol was not particularly high to suggest any insider selling. It appeared more like the operator was merely churning trading vol on a quiet trading day to meet his daily KPI as well as to test the water(eg panic selling) below 80 sen;
2. No apparent bad news about the company and glove counters as a whole were still holding their ground. The same thing had happened to Comfort Gloves too when it briefly broke below its recent 52-week low of RM 1.79 recently and bounced back a little on the subsequent day.

Rubberex will be releasing its corporate result by end of the month. We will soon find out how the company has performed.

As usual, not a buy or sell recommendation. Do your own analysis!

Former DPM Ismail Sabri poised to win premiership race
https://www.theedgemarkets.com/article/former-dpm-ismail-sabri-poised-win-premiership-race?type=malaysia#
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John1234 Market is always forward-looking. From some speculative plays today, Umno-linked stocks(eg KUB Malaysia) enjoy a good play. Market operators seem to have put bets on who our next PM is likely to be.
18/08/2021 9:50 AM

Big boys, eg market operators, very often dictate stock price movements and stocks have a tendency to move between cycles over time.

One good example is our steel counters. Way before the current bull run, we could see that most were pushed down to very pathetic levels. Nobody seemed interested and willing to talk about them and share prices languished for a while. This was perhaps the best time that the operators started to accumulate slowly and quietly.

What happened next? When the catalyst came, they started to push up the share prices to offload their cumulative holdings along the way up as well.

Gloves are currently in a bear run. Nobody can predict precisely how long this will last and how low the operators are going to press down. Be prepared to ride out this downcycle if you decide to hold longer for another bull cycle. If not, you should sell out on any price rally.

Market is always forward-looking. From some speculative plays today, Umno-linked stocks(eg KUB Malaysia) enjoy a good play. Market operators seem to have put bets on who our next PM is likely to be.

Just for sharing purpose only. I happen to own a very small stake in KUB Malaysia.

Let's be objective and relook at the context:
In its weekly fund flow report today, the MIDF Research team said that after seven weeks of net outflow, foreign investors turned net buyers for week ended Aug 13, which saw a marginal inflow amounting to RM14.07 million (from an outflow RM451.09 million the prior week).
https://www.theedgemarkets.com/article/retail-investors-only-net-buyers-start-2021-says-midf
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IMwhatIM Foreign funds were net buyers last week. Hopefully they continue buying up incl Comfort mother and WB this week.

All the best, guys.

This current political development has weighed on our Bursa market. Most counters are affected.

Rubberex used to be a hot favorite among the punters in the past, hogging usually the top most actives list. But this has changed in recent time as its share price kept on dropping and many contra players turned away.

Now, I believe the shares are in stronger hands and those who are still holding on, despite my earlier warnings, are likely to have done some calculations and invest with a longer time horizon.

We should not throw stones on our poor investors who have fallen down the well!

https://www.theedgemarkets.com/article/all-eyes-pm-muhyiddins-movement-today

悟空 has "disappeared" after giving us a false sense of hope. Now, we have another someone here to predict that a change of govt is imminent next week and our market will either run up significantly or crash badly.

With current political uncertainty/instability, one would naturally expect our market to drop, rather than run up. In fact, this could give shorties more ground to short the market. Hope that Comfort can still hold above RM 1.79, its 52-week low.

I only pity our poor investors, but someone is thinking of making big bucks.
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Wukong 图上价格的技术反弹很快即将来临。
05/08/2021 8:09 AM

High Alert!
Major shareholder Lau has disposed of more of his Comfort warrants in the last few days. He still owns 30,082,500 warrants.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3183114

Political concerns still pose a headwind for our stock market. Stay prepared!
https://www.theedgemarkets.com/article/confidence-motion-pm-be-tabled-sept-7-%E2%80%94-saifuddin