Genetec Technology Bhd — whose share price has soared by over 10 times since beginning of the year — returned to the black with a net profit of RM8.18 million in the first quarter ended June 30 (1QFY21), from a net loss of RM2.09 million a year ago, underpinned by higher sales volume and improved operational efficiency.

As a result, earnings per share rose to 16.28 sen, from a loss per share of 4.93 sen previously.

In a Bursa Malaysia filing today, the group said its quarterly revenue increased by 225% to RM40.28 million, against RM12.43 million recorded in the previous year’s corresponding quarter.

https://www.theedgemarkets.com/article/genetec-technology-returns-black-1q-higher-sales-volume-and-improved-operational-efficiency

grabbbbbit , its a pretty bad bearish engulfing... if it fills the gap from 4.35 to 4.5 going down then it will be further screwed..

I missed a big one. anyway congrats to all who are in this...

Those who own, congrats.... Today at least there was some gap to limit up, could've got some.

How did he even have such huge followers!!! Does he really have or everyone thinks that he has huge followers and start panicking everytime he makes a statement.....

Djoker89, hope you find what you're looking for.... All the best man...

Djoker89, what happened to you.... Did you take the vaccine??? Haha

someone really wants to push this I guess.. volume increased a lot more...

huge support volume at 0.715... looking great for today..

They have declared that they would be in the top-5 list, for us to have a confidence on this, we need to understand how the past performance was and how they overcome the hurdles when they started something new earlier... That would give us a good benchmark..
They have the pre orders already I don't think MahSing would buy those from lazada and ship it to there customers... They will get those orders ready and they would be careful since it's their first one... Currently they don't have any but everyone should start from nothing la, even the big 4... They shared their plan, look at there past performance and execution.. if you like it invest...

For a long term I would definitely revisit on this but for the short term I'll take some chances...

Holding pretty good when other healthcare stocks are affected... Nice!!!

All the best guys.... whether he gets it or not.... ASB will be crowded heavily today for sure...

Wonderful article... detailed on ASPs and EPF buying....

https://www.thestar.com.my/business/business-news/2020/10/10/can-the-glove-stocks-hold-steady


#####
For starters, there is a lot of earnings visibility for rubber glove companies, at least in the next few quarters.

Equity analysts for the sector are expecting the revenue and earnings of glove makers to continue growing over the next few quarters as demand outstrips the supply and the average selling prices (ASPs) are still on the rise.

They are bullish on rubber glove stocks. And for the very reason that there is earnings visibility, the ASPs will not be tapering off any time soon.

Top Glove, which has the most analyst coverage, has 17 “buy”, four “hold” calls and one “sell” call under its name.

Credit Suisse Research gives it a target price of RM16.20. Based on its closing price of RM8.81 yesterday, this represents a 84% upside.

The highest target price for Hartalega, with 14 “buy” calls, is RM28.80, given by Affin Hwang Capital Research. This is a 66.5% upside from its last traded price of RM17.40 yesterday.

Vaccine news has become so common now, gloves are getting immune to this...

https://www.thestar.com.my/business/business-news/2020/10/08/vaccine-or-not-glove-makers-roll-on

Arsenewenger8383, yes running... I can see you in front of me running.. haha

Idiotic dependency... It's like mother and son had a fight and doesn't want to get along... haha

Congrats guys!!. Hlt showed a lot of limit ups...

Parrot, hope you are happy today!!!! Was going to cutloss today, finally!!!!!!!

Tomo is Friday guys lot more people will be taking out in this idiotic market sentiments just to play safe over the weekend... Make sure you are using that opportunity to play safe or play hard...

Whatta start today!!!!!!! I guess I need to take leave and monitor only this for today!!!!

Stocks are not for faint hearted, literally day-2!!!!! Hoping to see a brighter day soon.... Very soon!!!!!

Market is not good across the board, sell vol is not that high, US market is off on Monday, bonus share is credited just today making it easier for panic sell... these are the picks... People are adjusted to the sudden spike in the glove share price and they are always expecting it would happen. Its normal to understand its a pull back... hold on if you have time...

Good one la... shows your intentions as well...


######

HLBAIGrp4 It is a FREE bonus share, you go nothing to lose, Just SELL it.
08/09/2020 11:26 AM

Stock market is not for the faint hearted!! literally today.... haha

There's still so much steam left in gloves, 2nd wave for Supermax and TG just started.. hope everyone's gonna benefit from this...

For those who are having second thoughts, read this and hold on...

https://www.nst.com.my/world/world/2020/09/622064/malaysias-glove-makers-struggle-meet-booming-demand

Read this and enjoy your weekend...

https://www.nst.com.my/world/world/2020/09/622064/malaysias-glove-makers-struggle-meet-booming-demand

Mikey, watchout for Tomo...

Mabel, you are sizzling hot today!!!!

Seems to be Mikeys day... hopefully not for long..

Expectation is around ~150mil.... No matter the qr it will still go down in this situation... Wrong day for the qr, timing is wrong..

This has happened many times.. don't let go... Buy volume is still considerable

Bojed,
https://www.theborneopost.com/2020/08/18/shareholders-approve-2-for-1-bonus-issue-at-top-glove-agm/

Rr88, why were you in.... It's better you get out...

takeashot, sometimes scroll up and try reading the comments above...

Sharelearner88 Anybody know when is Kossan coming QR release date?
16/08/2020 12:10 AM

Coconur Friday
16/08/2020 10:23 AM

Can anyone share the notes from EGM?? Much appreciated...

If all the glove companies thought that this demand would end so soon why would anyone wanted to expand their company or even start new ones for glove supply.... they aint so foolish to think that the accine would kill them so soon, they were/are doing business from a long time and they do understand that demand will be there even if there is a vaccine.

Stop fooling around, accept the correction, panic sell and/or price suppress... It is going to go back if not this week, later..

Others can take advantage instead of following...

Banning Contra trade in one firm becomes a business for others....

Come on Mickey.. aint gonna go below 1.37...

Mikecyc, really hats off to you!!! so dedicated not even the investors (some of us) are so into the updates as you give!!!!

Today not a single guy with vaccine here.. seems like they are busy hoping for green in their forum.. Hopefully the same trend is maintained in the second half as well..

Out of all the counters, comments in Supermax are the most entertaining one for sure....

AnnH, oh yes pretty exciting, I was already at the edge selling yesterday morning!!!.. lucky me, hope fully.... but I dont see any TA being shared like those guys...

AnnH, those guys are missing here from the time you were away as well... Hope your back

To all those who are using Rakuten.... this is what I got from them, I guess September is a long time if you are an hardcore/daily trader...

Dear Valued Customer,



As per announcement at our website (before you login), Our trading platform has been experiencing unprecedented high traffic volume and intermittent connection issues resulting in delays in order status updates during peak periods. Upgrades have started and are being rolled out in phases.



We expect to complete this by 20 September 2020 but until all phases are executed, you may still experience intermittent connection issues or order might be stuck. In the meantime, we ask for your continued patience and support. Rest assured we are committed to improving your experience with us as soon as possible.



Rakuten Trade is being transparent to provide prior notification at our website to all our clients that the system enhancement/improvement is in the progress.





Should you require further assistance, you may give us a call at 1800-88-6001 or +603-21107100 for international.

Here you go...

Dear Valued Customer,



As per announcement at our website (before you login), Our trading platform has been experiencing unprecedented high traffic volume and intermittent connection issues resulting in delays in order status updates during peak periods. Upgrades have started and are being rolled out in phases.



We expect to complete this by 20 September 2020 but until all phases are executed, you may still experience intermittent connection issues or order might be stuck. In the meantime, we ask for your continued patience and support. Rest assured we are committed to improving your experience with us as soon as possible.



Rakuten Trade is being transparent to provide prior notification at our website to all our clients that the system enhancement/improvement is in the progress.





Should you require further assistance, you may give us a call at 1800-88-6001 or +603-21107100 for international.

I guess WA will be on the run today again..

I raised the complaint on that in Rakuten... but they have already sent a notification to all the users that this will go on till September since they are in the process of upgrade... Until then every morning we are screwed..