AT forming Ascending Triangle Pattern? any chartist can confirm this? looks like very strong buy signal even after breakout

AT forming Ascending Triangle Pattern?

stock changing hands? new stronger holder?

manage to average up at 0.265

0.27 is new support? good base to push over 0.30 when reach resistance

Stockisnotfun I am afraid tomorrow will have a correction. Today engine very hot
11/11/2020 1:22 PM

I doubt so, i think holder very strong. those that wanted to throw would have throw yesterday after pfizer vaccine news... but only dropped -9% after going up 65% . Technical looks very strong

looking from the TA is it possible for it to go to 0.50 before profit taking on friday?

The TA for AT is very strong, it went up by 65% on monday but when pfizer vaccine news came out it only drop by 9% which is alot better than other glove counters. It shows that AT holders are mostly strong and big holders....

last time i bought HLT at 0.5xc-0.6xc . hold and sold at 0.7xc because many people said fundamental is very bad and dangerous, right after sold it shoot up to 3.x and now its stable at 1.4x . I've learnt my lesson so I will hold this counter for longer time and see where it will take me.

I will hold 40cents

Biden reminding the public that MASK is still the more potent weapon against the virus NOT VACCINE.

https://www.nbcnews.com/politics/2020-election/live-blog/2020-11-09-biden-trump-2020-election-n1247064/ncrd1247082#liveBlogHeader

Rebecca Shabad

1h ago / 11:01 PM +08
Biden applauds Pfizer vaccine news, warns safety measures must continue 'well into next year'
Biden on Monday applauded drug company Pfizer on the news that early analysis shows its vaccine candidate is more than 90 percent effective in preventing Covid-19.

"Last night, my public health advisors were informed of this excellent news. I congratulate the brilliant women and men who helped produce this breakthrough and to give us such cause for hope," the president-elect said in a statement.

Biden warned, however, that it will take "many more months" before there is widespread vaccination across the United States and that "for the foreseeable future, a mask remains a more potent weapon against the virus than the vaccine."

"Today's news does not change this urgent reality. Americans will have to rely on masking, distancing, contact tracing, hand washing, and other measures to keep themselves safe well into next year," he said.

if tomorrow drop below RM8 , EPF and SBB will support. good time to enter and catch the rebound...

NOVEMBER 9, 20209:24 PMUPDATED AN HOUR AGO
Biden welcomes Pfizer coronavirus vaccine news, says safety measures still needed

WASHINGTON (Reuters) - U.S. president-elect Joe Biden greeted Pfizer Inc's PFE.N experimental COVID-19 vaccine as excellent news on Monday, but warned that widespread vaccination remains months away and Americans need to continue wearing masks and maintain social distancing.

“Today’s news is great news, but it doesn’t change that fact,” Biden said in a statement. “Today’s announcement promises the chance to change that next year, but the tasks before us now remain the same.”

https://www.reuters.com/article/us-health-coronavirus-vaccine-biden-idUSKBN27P1OX

NOVEMBER 9, 20209:24 PMUPDATED AN HOUR AGO
Biden welcomes Pfizer coronavirus vaccine news, says safety measures still needed

WASHINGTON (Reuters) - U.S. president-elect Joe Biden greeted Pfizer Inc's PFE.N experimental COVID-19 vaccine as excellent news on Monday, but warned that widespread vaccination remains months away and Americans need to continue wearing masks and maintain social distancing.

“Today’s news is great news, but it doesn’t change that fact,” Biden said in a statement. “Today’s announcement promises the chance to change that next year, but the tasks before us now remain the same.”

https://www.reuters.com/article/us-health-coronavirus-vaccine-biden-idUSKBN27P1OX

Prolexus VS SCGM price
Price : RM1.77 vs RM3.03
Market Cap : RM324mil vs RM586.6mil
PAT RM23.8mil vs RM8.2mil
Revenue RM97.9mil vs RM57.2mil
Profit Margin 24.4% vs 14.4%
Earning Per Share 13.6c vs 4.29c

* Both selling mask
- Prolexus price is only at 58% of SCGM price
- Prolexus market cap is only at 55.1% of SCGM market cap
- Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ with over rm70mil PAT , they have only started selling mask last quarter. during their first quarter already Prolexus went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come as demand for rewashable mask has only been growing. with their low market cap its not difficult to push it to RM10 after next quarter report ,after all their PE is super low now , lower than any gloves or mask companies and they have absolutely no risk of windfall tax of any sort

- Biden winning the presidency we might see USA finally make wearing mask mandatory and this will greatly boost sales of mask companies especially Prolexus as their biggest market is USA, if you look at countries that made mask mandatory 100% of the population are wearing mask and out of this 100% more and more switching to rewashable mask like Prolexus as there is no sign of pandemic will stop. While in US being Prolexus largest market I can say the rate of wearing Mask is lower than 50% as many states has not make wearing mask mandatory and at the same time rewashable mask penetration has been steadily growing that is potentially several times fold growth in US market alone. Prolexus current price has not fully reflect their current quarter PAT, its fair value should be RM2.50. and when next QR comes out with potentially 200-400% QoQ its fair value would be close to RM6-10 . If you think the price is crazy and impossible to achieve look at the history of all share prices of companies like Supermax,Careplus . I believe Prolexus is the next Supermax and Careplus in the making ( https://www.marketwatch.com/story/joe-bidens-pandemic-plan-2020-11-07 )

Prolexus subsidiary that sells ProXMask ,Hon Sin Apparel SDN BHD import value has been going up so much, something is definitely brewing

https://importkey.com/search/HONSIN%20APPAREL%20SDN%20BHD

notice that total shipment has went up to 2238! that is almost 10 times more than Careplus shipment! half Supermax & Hartalega shipment!!!!

Buyers are

UNDER ARMOUR INC
54K matching shipments
72M shipments total
Address: 1020 HULL ST 300 BALTIMORE MARYLAND 21230

NIKE CANADA CORP
47K matching shipments
14M shipments total
Address: 260 BRIMLEY ROAD SCARBOROUGH ONTARIO CANADA M1M3H8

UNDER ARMOUR CANADA ULC
3,765 matching shipments
8M shipments total
Address: 169 ENTERPRISE BLVD SUITE 500 UNIONVILLE ON L6G 0E7 CANADA EIN 874548506RM0001

NIKE DE MEXICO S DE R L DE C V
1,688 matching shipments
166M shipments total
Address: RFC TAX ID NO NME920220KL4 SAO PAULO NO 2373 COL PROVIDENCIA TEL 523330032400 GUADALAJARA JAL 44630 MEXICO

all this information can be found in US Import website from this link

https://importkey.com/search/HONSIN%20APPAREL%20SDN%20BHD

@goreng_kaki we are not playing, we are investing. Eventually the share price of this company will reflect its worth. Good luck in your speculative stock

today TP 0.12

@Geek2020 doesnt need anwar support to approve the budget

@see2sea exactly what i thought too

AT waterfall like XoX soon, today closing 0.12

@MagivGlove of course supermax stronger, it has lowest PE . Fundamentally its the strongest compared to harta and kossan especially. 2 laggards that only enjoying glove mania and rally due to supermax and topglove success

https://www.marketwatch.com/story/joe-bidens-pandemic-plan-2020-11-07

Published: Nov. 8, 2020 at 5:10 p.m. ET

Joe Biden: ‘I’ll go to every governor and urge them to mandate mask-wearing in their states.’

1. Push for a national mask mandate

Speaking in Wilmington, while on the campaign trail, Biden vowed to push for more Americans to wear masks. “First, I’ll go to every governor and urge them to mandate mask wearing in their states, and, if they refuse, I’ll go to the mayors and county executives and get local mask requirements in place nationwide,” Biden said. Trump recently referred to mask wearing as "politically correct.”

Jezek said the IDSA supports this policy. “In August, IDSA began calling for a national mask mandate, as compelling scientific data indicate that masks significantly reduce the risk of COVID-19 transmission,” she said. “Further, modeling suggests that near universal masking could prevent 180,000 COVID-19 deaths. We continue to support a national mask mandate.”

https://www.google.com.my/amp/s/www.foxnews.com/politics/bidens-first-move-as-president-elect-mask-mandate-for-all-heres-how-he-plans-on-doing-it.amp

POLITICSPublished November 08, 2020 Last Update 36 minutes ago
Biden's first move as president-elect? Mask mandate for all. Here's how he plans on doing it.

One of Joe Biden's first priorities as president-elect will be implementing mask mandates nationwide by working with governors. The future 46th president, however, says if they refuse than he will go to mayors and county executives and get local masking requirements in place.

Prolexus VS SCGM price
Price : RM1.77 vs RM3.03
Market Cap : RM324mil vs RM586.6mil
PAT RM23.8mil vs RM8.2mil
Revenue RM97.9mil vs RM57.2mil
Profit Margin 24.4% vs 14.4%
Earning Per Share 13.6c vs 4.29c

* Both selling mask
- Prolexus price is only at 58% of SCGM price
- Prolexus market cap is only at 55.1% of SCGM market cap
- Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ with over rm70mil PAT , they have only started selling mask last quarter. during their first quarter already Prolexus went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come as demand for rewashable mask has only been growing. with their low market cap its not difficult to push it to RM10 after next quarter report ,after all their PE is super low now , lower than any gloves or mask companies and they have absolutely no risk of windfall tax of any sort

- With Biden winning the presidency we might see USA finally make wearing mask mandatory and this will greatly boost sales of mask companies especially Prolexus as their biggest market is USA, if you look at countries that made mask mandatory 100% of the population are wearing mask and out of this 100% more and more switching to rewashable mask like Prolexus as there is no sign of pandemic will stop. While in US being Prolexus largest market I can say the rate of wearing Mask is lower than 50% as many states has not make wearing mask mandatory and at the same time rewashable mask penetration has been steadily growing that is potentially several times fold growth in US market alone. Prolexus current price has not fully reflect their current quarter PAT, its fair value should be RM2.50. and when next QR comes out with potentially 200-400% QoQ its fair value would be close to RM6-10 . If you think the price is crazy and impossible to achieve look at the history of all share prices of companies like Supermax,Careplus . I believe Prolexus is the next Supermax and Careplus in the making

https://www.kiplinger.com/investing/stocks/stocks-to-buy/601638/best-stocks-to-buy-joe-biden-wins-the-presidency

If Joe Biden emerges from the Nov. 3 election victorious, these 13 picks could be some of the best stocks to own under the new administration.

by: Charles Lewis Sizemore, CFA
October 28, 2020

12. iShares Core MSCI Emerging Markets ETF

Emerging markets (EMs) as a group weren't exactly killing it before the COVID-19 pandemic turned the world upside down. The iShares MSCI Emerging Markets ETF (EEM) has never recovered to its pre-2008 highs, and the ETF has been stuck in a trading range for the past 10 years despite being historically cheap compared to U.S. equities.

The underperformance of emerging markets stocks isn't a total mystery. Stale commodity prices and a massive corruption scandal have effectively knocked Latin America out of the game for the better part of the last decade. Slowing growth in China and war in the Middle East certainly haven't helped either.

These issues were specific to emerging markets and didn't have a lot to do with the United States. But U.S. trade policy under the Trump administration was a contributing factor, too. The Trump administration really shook up the status quo on trade, which rattled EM investors. This likely kept a lid on prices.

When historians look back at this period, they may conclude that the COVID pandemic marked the end of post-WWII globalization. Finely tuned global supply chains fall apart when confronted with the possibility of a country-wide quarantine. Furthermore, there is a growing consensus in both parties that the U.S. and China are rivals and no longer friends.

All of that said, a Biden administration would likely preside over a less confrontational trade agenda that should generally be better for emerging markets. The ETF to use for that, however, is not EEM, but its more cost-friendly sister fund, the iShares Core MSCI Emerging Markets ETF (IEMG, $54.72). IEMG, which provides access to nearly 2,500 emerging-market stocks, charges 55 basis points less annually than EEM (a basis point is one one-hundredth of a percentage point).

SUPERMX SUPERMAX CORPORATION Health Care Equity $25,570,192.08 0.04 25,570,192.08 11,461,024.00 - MYL7106OO007 B1V7L36
-
TOPGLOV TOP GLOVE CORPORATION Health Care Equity $71,260,014.46 0.12 71,260,014.46 35,634,300.00 - MYL7113OO003 B05L892
-

KOSSAN KOSSAN RUBBER INDUSTRIES Health Care Equity $17,027,943.62 0.03 17,027,943.62 9,815,900.00 - MYL7153OO009 B0DD1H9
-
HARTA HARTALEGA HOLDINGS Health Care Equity $55,844,886.16 0.10 55,844,886.16 12,876,900.00 - MYL5168OO009 B2QPJK5

-------

experts forecasting that many foreign funds will flow into MSCI emerging markets , which includes Supermax,Topglove,Kossan and Harta! Based on PE,FPE,Cash,Margin Supermax is the best and fastest growing company among Bursa companies in MSCI! Dont be surprised if the Foreign Fund manages pushed Supermax all the way to RM30!

no matter how i look at it , i believe its not an extra payment. rather its a loan to government. One way another the government will give back to these glove companies through tax deductibles, incentives and lands for expansion in the future when economy recovered

Tax deductible

400mil x 76%

end up only cost them all 4 companies RM96mil

an 8% windfall tax would have costed TopGlove almost 1billion in 1 year

320mil(est) to Supermax in 1 year
160mil(est) to Hartalega in 1 year
80mil(est) to Kossan in 1 year

its a win win situation for both, government get an immediate cashflow of rm400mil to fund the budget to fight covid

---

its one off and cost alot less than an actual windfall tax. please stop spreading misinformation @foker , you have been proven to be wrong in so many occasion i dont know why you still shameless come out with another nonsense prophecy

Tax deductible

400mil x 76%

end up only cost them all 4 companies RM96mil

an 8% windfall tax would have costed TopGlove almost 1billion in 1 year

320mil(est) to Supermax in 1 year
160mil(est) to Hartalega in 1 year
80mil(est) to Kossan in 1 year

its a win win situation for both, government get an immediate cashflow of rm400mil to fund the budget to fight covid

Tax deductible

400mil x 76%

end up only cost them all 4 companies RM96mil

an 8% windfall tax would have costed TopGlove almost 1billion in 1 year

320mil(est) to Supermax in 1 year
160mil(est) to Hartalega in 1 year
80mil(est) to Kossan in 1 year

its a win win situation for both, government get an immediate cashflow of rm400mil to fund the budget to fight covid

Tax deductible

400mil x 76%

end up only cost them all 4 companies RM96mil

an 8% windfall tax would have costed TopGlove almost 1billion in 1 year

320mil(est) to Supermax in 1 year
160mil(est) to Hartalega in 1 year
80mil(est) to Kossan in 1 year

its a win win situation for both, government get an immediate cashflow of rm400mil to fund the budget to fight covid

Tax deductible

400mil x 76%

end up only cost them all 4 companies RM96mil

an 8% windfall tax would have costed TopGlove almost 1billion in 1 year

320mil(est) to Supermax in 1 year
160mil(est) to Hartalega in 1 year
80mil(est) to Kossan in 1 year

its a win win situation for both, government get an immediate cashflow of rm400mil to fund the budget to fight covid

I am holding for long term, Prolexus benefit from current situation and make lots and lots of profit without having any risk of windfall tax or any sort of contributions

@anthonykh everyday also you say you sold all today. you think you miss the boat keep trying to create unnecessary fear

Prolexus VS SCGM price
Price : RM1.75 vs RM3.00
Market Cap : RM320mil vs RM580.8mil
PAT RM23.8mil vs RM8.2mil
Revenue RM97.9mil vs RM57.2mil
Profit Margin 24.4% vs 14.4%
Earning Per Share 13.6c vs 4.29c

* Both selling mask
- Prolexus price is only at 58% of SCGM price
- Prolexus market cap is only at 55.1% of SCGM market cap
- Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ with over rm70mil PAT , they have only started selling mask last quarter. during their first quarter already Prolexus went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come as demand for rewashable mask has only been growing. with their low market cap its not difficult to push it to RM10 after next quarter report ,after all their PE is super low now , lower than any gloves or mask companies and they have absolutely no risk of windfall tax of any sort

Prolexus does not need to contribute to MARGMA donation to MOH or any windfall tax. All profit is safe , investing in prolexus is the safest

No windfall tax, epf, ltat etc invested so much in topglove , kossan, hartalega. Windfall tax will only slap on themselves

Confirm no windfall tax, epf, ltat, etc many invested in kossan, topglove and hartalega.

no windfall tax on glove companies confirmed

no windfall tax on glove companies confirmed

https://www.theedgemarkets.com/article/ministry-drafts-plans-keep-malaysias-leadership-rubber-glove-sector


November 05, 2020 23:48 pm +08

Ministry drafts plans to keep Malaysia's leadership in rubber glove sector

KUALA LUMPUR (Nov 5): The Ministry of Plantation Industries and Commodities (MPIC), through the Malaysian Rubber Council (MRC), is always drafting and implementing short-, medium- and long-term plans to maintain Malaysia's global leadership in the production of rubber gloves.

Minister Datuk Dr Mohd Khairuddin Aman Razali said that under the short- and medium-term plans, MRC will continue to carry out promotional activities overseas, such as participating in international trade expositions together with industry players, organise trade missions and educational seminars, business matching and advertising in international media.

"These promotional activities not only include leading rubber glove markets such as the United States and Europe but also cover most populous countries with high potential like China, India, Indonesia, Vietnam, Brazil and Russia,” he said during the question-and-answer session in the Dewan Rakyat today.

He was replying to a question from Wong Chen (PH-Subang) who wanted to know about the policies planned by the Ministry to strengthen Malaysia’s global leadership in rubber glove production.

Through the long-term plan, Mohd Khairuddin said the Ministry via MRC will focus on boosting investment activities by industry players and empower the downstream rubber industry to improve the competitiveness and value of rubber glove exports from Malaysia.

These include offering incentives for automation and green technology launched in 2019 totalling RM20 million.

To-date, about RM7 million has been approved for 14 projects including procurement of automatic rubber glove packaging, latex dipping and automatic glove stripping machines for automation incentives.

He also said that an industry relations fund was set up to promote cooperation between researchers and industry players to boost research and development and innovation in the rubber downstream sector.

I heard jack ma purposely stalled ant chain ipo so he can collect more XoX.

haha wake up invest in real companies

@pang72 thank you

Prolexus VS SCGM price
Price : RM1.75 vs RM3.00
Market Cap : RM320mil vs RM580.8mil
PAT RM23.8mil vs RM8.2mil
Revenue RM97.9mil vs RM57.2mil
Profit Margin 24.4% vs 14.4%
Earning Per Share 13.6c vs 4.29c

* Both selling mask
- Prolexus price is only at 58% of SCGM price
- Prolexus market cap is only at 55.1% of SCGM market cap
- Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ with over rm70mil PAT , they have only started selling mask last quarter. during their first quarter already went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come demand for rewashable mask has only been growing. with their low market cap RM10 after next quarter is not impossible after all their PE is super low now , lower than any gloves or mask companies

Prolexus VS SCGM price
Price : RM1.75 vs RM3.00
Market Cap : RM320mil vs RM580.8mil
PAT RM23.8mil vs RM8.2mil
Revenue RM97.9mil vs RM57.2mil
Profit Margin 24.4% vs 14.4%
Earning Per Share 13.6c vs 4.29c

* Both selling mask
- Prolexus price is only at 58% of SCGM price
- Prolexus market cap is only at 55.1% of SCGM market cap
- Prolexus PAT is almost 3 times more than SCGM while only at 71% more revenue due to its incredible 69% higher profit margin than SCGM with more than 3 times earning per share. I dare to say even at current value Prolexus should be worth 3 times more than SCGM price which would put Prolexus fair value more than RM5! and Prolexus director has been buying alot of shares at RM1.7X, it shows that something is brewing. I strongly believe their next quarter might be even more explosive at least 300% QoQ at least rm70mil PAT , they have only started selling mask last quarter. during their first quarter already went from -8mil in losses to 23.8mil in net profit so their best quarters has yet to come demand for rewashable mask has only been growing. with their low market cap RM10 after next quarter is not impossible after all their PE is super low now , lower than any gloves or mask companies

i am not letting go my ruberex less than rm4..

Careplus has dropped from RM4.10 in 1 week because of windfall tax rumors and US presidential election. With both out of the way its very possible for Careplus to rebound from RM3.38 to RM4.10 by tomorrow or Monday. thats about 20% upside and with strong QR and record breaking PAT Careplus might test ATH of RM5.83 soon thats almost 80% upside potential

i hope with Comfort and Ruberex QR closing in Ruberex would go up to RM4.50

confirm no windfall tax tomorrow , price should go back to above RM10 level by tomorrow or monday. And after US confirmed their president Supermax will continue go up to test previous high. right now RM9.26 is still cheap , potential to go up least RM12.22. by next week and i am very confident Supermax will reach RM17 by this month

no windfall tax tomorrow, by the time you wait budget to finish tabled price already go back to RM4