Ok lets arrange this in chronological order, 1st gloves bull, then came "vaccines". After this "vaccines" failure more gloves needed to remedy the situation.

So like what others chasing pharma counters chase gloves as pharma may not make it.

Why everyone get excited about vaccine, when there is no real vaccine at all now. Gloves are making profits , real super profits.

@rohirrim88, Boustead owns 56% Pharma, and their Pharmaceutical division contributes to about 80% of Boustead's revenue

Better than all pharma counters, vaccines also not there yet. What are they chasing? Real vaccine?

@kens88, Lol. So need wait another quarter?

If goreng style won't last long, best to accumulate more

"For the Gloves division, the COVID-19 outbreak started in China and subsequently spread to Europe and the USA in March 2020. New cases continue to be high with concerns of a second wave occurring as countries around the world reopen their economies. As a result, the demand for protective gloves grew exponentially, leading to a supply-demand imbalance. With our selling prices for gloves quoted 45-60 days before delivery, the increase in prices started to be reflected in June 2020 and we will definitely see a significant quarter-on-quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020. Premised on the above and with additional capacity of around 15% - 20%, management is confident of a further step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in the 4th quarter of FY2020. "

The real Kossan not reveal yet. Best yet to come

Congrats all Kossan holders

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES KOSSAN RUBBER INDUSTRIES BHD (KOSSAN OR COMPANY) PROPOSED BONUS ISSUE OF 1,278,935,808 NEW ORDINARY SHARES IN KOSSAN ("KOSSAN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING KOSSAN SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

Kossan does not want to be left behind. Tomorrow all gloves green
25/08/2020 5:28 PM

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES KOSSAN RUBBER INDUSTRIES BHD (KOSSAN OR COMPANY) PROPOSED BONUS ISSUE OF 1,278,935,808 NEW ORDINARY SHARES IN KOSSAN ("KOSSAN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING KOSSAN SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

Kossan does not want to be left behind. Tomorrow all gloves green
25/08/2020 5:28 PM

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES KOSSAN RUBBER INDUSTRIES BHD (KOSSAN OR COMPANY) PROPOSED BONUS ISSUE OF 1,278,935,808 NEW ORDINARY SHARES IN KOSSAN ("KOSSAN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING KOSSAN SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

Kossan does not want to be left behind. Tomorrow all gloves green

Going thru uphill battle has been long but fruitful if you hold tight and patient.

I heard that too, they were asked to sell Supermx and buy TG. Likewise TG management all to sell down TG and ask to scoop up Supermx.

All are brothers :)

@ AmInvestAIGrp2, I heard all executive officers including CEO of Supermax rushed out to sell their shares in the middle of meeting.

"Go ahead, make my day" - Dirty Harry

Vaccines rush backlash, gloves to be consumed double

https://www.bbc.com/news/world-us-canada-53899908

Any rush of vaccines may backlash and double usage of gloves

V shape, IBs scoop up a lot today. History repeated.

Have you collected enough under RM21?

SUPERMAX CORPORATION BERHAD ("SUPERMAX" OR "THE COMPANY")
PROPOSED ACQUISITION BY MAXTER GLOVE MANUFACTURING SDN BHD ("MAXTER"), A WHOLLY-OWNED SUBSIDIARY OF SUPERMAX, OF AN INDUSTRIAL LAND LOCATED AT HSD 145228, PT 70824, MUKIM KAPAR, DISTRICT OF KLANG, SELANGOR DARUL EHSAN ("INDUSTRIAL LAND") FOR A TOTAL CONSIDERATION OF RM20,000,000.00

This announcement dated 27 May 2020.

Now only you see other counters flocking into glove manufacturing. Supermax already far ahead

https://www.thestar.com.my/business/business-news/2020/08/24/karex-to-set-up-medical-glove-manufacturing-plant-in-hatyai#cxrecs_s

Karex also venture into glove manufacturing. What do you think of glove future?

To those who are new to Supermx, this kind of V shape has been repeated occasionally for the sharks to scoop up the tickets. This is the time to buy. The history will repeat after few days will fly or perhaps tomorrow will start to fly. Nothing new. Same tactic workable why not?

Managed to scoop some too

The normal V shape scooping by the IB before flying

Yesterday, strong support. What doesnt kill , will make it stronger. Today get ready

If loan moratorium, interest continue to be earned, no default of loan but just no increase of significant new loan, obviously results will be flat or better.

Dow jumps 250 points, S&P 500 hits fresh all-time high as Apple leads tech gains

On 4 Sep you get the bonus issue, later when the being determined to get your share dividend, will be another round of chasing to get 45th so that, you get non odd lots. Every existing shareholders will not sell but wait for the bonus issue now come rain or shine.

The date of the listing and quotation for the Bonus Shares shall be on 8 September 2020, being the next market day immediately after the Entitlement Date. The notices of allotment will be issued and dispatched to all the entitled shareholders of Supermax within 4 market days after the date of the listing and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad. Entitled shareholders are not required to take any action.

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 7 September 2020 with bonus issue of SUPERMX shares, any shareholder who is entitled to receive SUPERMX bonus issue shares, may sell any or all of his SUPERMX shares arising from the bonus issue beginning the Ex-Date (4 September 2020).



For example, if Mr X purchases 100 SUPERMX shares on cum basis on 3 Sept 2020, Mr X should receive 100 shares on 7 September 2020. As a result of the bonus issue, a total of 200 SUPERMX shares will be credited into Mr X's CDS account on the night of 7 September 2020 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 4 September 2020 onwards."

What doesn't kill you , makes you stronger. Tomorrow will fly

If end of day not red confirm IB support, tomorrow will fly

Volume low, sharkey supporting. Afternoon if red all in

Very true, the sharky is going to slaughter the billis next week when the green gets greener

@Glove Angel, Jus trade carefully.. Buy red and sell green.. No need all in as market volatile. Set ur own tp meet and sell. Cheers.

Good luck to conra players
@ pang72, The last chance to double your earning in top gkove bull run!

Haiz, pity the billis

When all billis cheer up thats when the sharky unload, when see red, then is when sharky swallow up billis.
Pity the billis
@pang72,Davincci Code reveals next week..
Top glove will explosive up...

When all billis like us thinking next week to buy TG and Supermx, its time for sharky to unload. When see red thats the time the sharky swallow the billis

@rocky_88, next week many will buy TG and supermax.. hlt will follo hehe

Vaccine will arrives a matter of time, but if you have the heart to take ride on

Vaccine will arrives a matter of time, but if you have the heart to take ride on

https://www.livemint.com/news/world/who-mulls-vaccine-allocation-in-phases/amp-11598059304465.html

https://www.livemint.com/news/world/who-mulls-vaccine-allocation-in-phases/amp-11598059304465.html

Admire your dedication to HLT spending so much effort here, whats your interest here? TP below RM1 ?

That will annoy all the HLT holders here. Thanks for your dedication.:)

@Mikecyc, haha between 2020 to 2021 , how is gloves industry expansion?? HLT new first few production line by end 2021 ... haha
20/08/2020 7:40 PM

If all Big 4 back order, can only deliver months ahead, the customers would obviously seek for alternative supplier. Being a FDA approved supplier will HLT benefit from this opportunity?

@Mikecyc, haha is gloves line at Loss dragging dipping lines profit margin.

http://www.hlrubber-ind.com/advantage.htm

Wow apparently HLI being a subsidiary of HLT is a FDA approved gloves supplier. I wonder if they get the advantage from Top Glove temporary ban

I guess the previous owner does not know how to run the glove business, hence was sold to HLT. Otherwise would have listed by itself. Under the HLT management couple with the favourable market conditions for gloves, if HLT could not manage well its time to pack up :)

Based on latest HLT results (31.3.20) the net profit margin is 7%, latest results for Kossan (11%), Rubberex (14%) Comfort (11%), , I guess HLT margin lower owing to the dragging of the dripping line margin.

The pandemic would push the ASP up definitely, Take for example Comfort Qtr 31.1.20 (Only 7%) but comes Qtr 30.4.20 (11%). Of course there is no match with Supermax from 16% previous Qtr to 44% recent Qtr. HLT export sales of gloves represent 88% of the total glove sales which is encouraging. Assuming there is minimal price adjustment for HLT as a non OBM the margin would definitely increase as the market forces causes it to move upwards. So the current price should have reflective of the increase results by double as what SupePanda said otherwise based on the 31.3.20 results the price should be RM1 or below. So HLT has to prove its worthiness of doubling the results this coming Qtr .

I prefer the shareholders pray hard for a vaccine so that the mortality rate drops. So lets see what HLT management can give the shareholders next week?

@SuperPanda@ nothing wrong to have different opinion, im just wondering with 92m output per month, profit margin 6-10% (higher asp included) and 55% stake, the most it can have additional profit from rubber segment would be less than 1m, total might be 3m

if dipping can give another 1m, total dipping and glove will make 4m @ qtr eps 4.7c

latest 4 qtrs eps will around 1.07 at current price 2.02 pe will be around 187, still overvalue

shareholders must pray that HLT will post significant revenue from dipping line to bring down the pe

HLT results due end of this month, August 2020

@Progressive, Guys, does anyone know when will QR be release ?

Next week ???

From HLT latest Qtr report it seems that they expand one more line which total 8 production lines, and the combined total production output is 624million pieces per annum after the expansion, which works out to be 52million pieces/ month only. If the EPS double from previous quarter that justify the price which is similar to the Big guys. Apr to June results how much can they generate? thats the question.

@SuperPanda , fact is pe185 is the highest among top 7 gloves counter and interestingly it has the lowest prod capacity at 92m/mths only

pandalela rinong will show later how to dive

cheers n good luck

I am not trying to talk good about HLT , the results of HLT were released late in fact with request for extension to Bursa. The results ended 31 Mar 2020 would definitely not reflective of the benefit of the sales generated from the Covid19 pandemic. All other gloves already released their later results except for Rubberex and Kossan with their latest 31 Mar 2020. March to April were in MCO period . Results for Kossan and Rubberex too show a minimal increase compare to the rest of 7 gloves. I believe HLT results will improve comparatively with its peers but how much , thats the question. Of course HLT has no match with the Big 4 but it has the advantage of low entry cost.


@SuperPanda, im not trying to talk bad on HLT but i extract details from the news and its prev qtr rpt.

the fact is covid19 started in dec2019, Q1 rpt all 7 main gloves revenue increase but not HLT

below is what wriiten in the qtr rpt:

“For the current financial quarter under review, the Group recorded revenue of RM26.132 million, decrease of 17.95% as compared to RM31.848 million in the preceding year quarter. The decrease in revenue was attributable to lower revenue in both glove-dipping lines and rubber gloves segments.

The Group recorded a gross profit of RM0.890 million with a gross profit margin of 3.41% for the current quarter under review as compared to a gross profit of RM3.059 million with a gross profit margin of 9.60% in the preceding year quarter. The gross profit achieved by the glove-dipping lines segment was partly off-set by the gross loss from rubber glove segment which resulted the decrease in both gross profit and gross profit margin.

The Group recorded profit before taxation of RM2.174 million as compared to a profit before taxation of RM1.094 million in the preceding year quarter was mainly due to reversal of impairment loss on a trade debtor.”

Tut tut paktua, calling roger?

Bursa announcement

Ex-Date 04 Sep 2020
Entitlement date 07 Sep 2020

Vaccine here and there, but need to wait , sure will come but wait. Meanwhile Supermx quietly generating tonnes of profit and paying dividends. You decide

What if the Russian vaccine is a hoax, you have just dump the most profitable (per EPS) gloves company listed in Bursa.