Ctooi51. If you bought OR@RM$0.025 + RI you lose money under present scenario. Just have to pray & hope Fintec will not dive down upon listing of the RI after 28 December Best of luck come Monday.

Another 25.3M ESOS will be listed tomorrow. Capital dilution never seem to end.!

Fintec if sell now still got RM0.01 profit + free warrant. Come Monday when so many RI listed everybody wants to take profit Instead of RM0.01 profit may turn into loss
@#%?

Mah Sing to start glove production in April 2021. Aspen glove making factory to increase capacity targeted for completion by March 2021

Jiakun International Bhd also venturing to produce nitrile gloves. Investing RM120 million into the project of which RM50 million is for setting up plant. Fintec is also setting up a glove plant in Perak. Eventually will there be too many players in this market?

Upon listing of RI any price above RM0.08 will sure to throw & take profit from free Warrant

With 1.4 B Fintec listing on 28 December sure got people throw. How to stop people wanting to take quick profit or to cut loss?

HamsterHuat, Fintec after Share consolidation & RI in 2017 went all the way down until the recent run up. Am worried sure go below $0.08 after RI listed come 28 December

HamsterHuat, Looks like history will repeat of 2017 and many of us are on waiting list to fly to Holland @#%&?

Those who bought AT mother Fintec is also on waiting list on same flight to Holland @#%×?

Looks like many in this chat group have despite Covid pandemic managed to book a flight to Holland for Christmas holidays #@&×

I fully agree with trader808 analysis of the glove industry. There should be little product differentiation with the big 4 having the advantage of reputation, market share and economy of scale. Not likely for AT to take a big chunk of their market share being a new kid on the block. That aside AT at the end of November & early December was trading at RM0.20-RM0.22. Now at RM0.175 & NSOH have balloon to 4.0+ B. Million dollar question is will it retrace its upward path or continue down to the next support level bearing in mind the now larger NOSH

I too am concerned that AT NSOH is now 4.058 B and capitalization is at RM696M when factory not yet fully up and running. . Is AT one plant worth that much? Remember Top glove have more than 20+ factories

If despite PN17 Director buy again must be some good news coming. Not so silly to buy if Scomi going to go bust. In fact yesterday Scomi WB heavy volume. Up $0.01 High volume Scomi WB confirmed some good news may be coming

78.86M ESOS listed today Total NSOH now stands at 4,058,351,608 At $0.175 AT Market cap RM696M
Is the market capitalization too high? Hope no more ESOS to dilute capital even more

When see directors buy should have also followed if followed now kaya

Looks like a number of warrants are now in play today. Million dollar question is because of the small number of VC WB will it also be in focus to goreng?

Despite Scomi PN17, Scomi WB up today $0.01 with large volume. Will VC WB get to be goreng soon going forward because of it's relatively small NSOH? If up $0.02 returns 50%

Ha Ha You are right kkl123. Let's all sell our Fintec and go Genting to collect from Tan Sri

Today almost all major glove companies are down . Possible there is an element of truth in JP Morgan report on the glove industry? One more week until RI of 1.9 B RI.listing 28 December Going forward last trading week of this year crucial for Fintec. after RI listed

Looks like VC-WB will clear $0.04 anytime soon whereas VC still at $0.055 VC-WB NSOH only 60M Easier to push up by the big boys if serious whereas VC free float easily 800M

NSOH now almost 4.0 B Eventually share consolidation sure will come. Damn @#!$

Another SIS of 53M @ RM0.18 When capital dilution ever going to end?

OPEC on Monday cut its forecast for 2021 growth in oil demand to 5.9M barrels per day, down from 350,000 barrels a day from its previous projection. Trade cautiously everybody going forward. Good luck

OPEC on Monday cut its forecast for 2021 growth in oil demand to 5.9M barrels a day down 350,000 barrels per day from its previous projecttion. Going forward a lot of uncertainties unresolved. Trade carefully everyone. Good luck

Guys, I have watched what happen to Fintec after RI & consolidation back in 2017. Frankly I am concern with the JP Morgan report on the glove industry and pending listing of approximately 1.9B Fintec RI after 28 Dec Hope everything will turn out fine. Just be extra vigilant and trade cautiously everyone.

New Straits Times reported Iconic Worldwide Bhd aims to be a leading glove maker in the world following an investment of RM155M for a new plant in Penang. Come next year will there be too many glove players in Malaysia? Everybody wants to get into the glove market. Remember other countries are also setting up their own glove manufacturing facilities. Cannot just dismiss JP Morgan report on the glove industry. Have to trade extra carefully going forward. Good luck everyone

JP Morgan pegs Top Glove a fair value of RM3.50 with an underweight recommendation as it sees the passing of supernormal growth cycle for glove makers in anticipation of a hugh oversupply in the market as glove demand decelerates in tandem with the pace of testing for Corvid 19 JP Morgan analysis indicates glove sector is a crowded trade implying significant downside momentum. Once Malaysia lifts the short selling ban downward pressure could be amplified

I believe today is last day for RI payment. Let's see how many RI will be subscribed Max will be about 1.97 B which means after 28 December when the RI are listed let us hope that there will not be an avalanche of sellers wanting to take quick profit

oskchoon, confirm 67.5M PP will be listed today in filing to Bursa. Still have SIS of another 161.5 M Ito be listed if options taken up

The current market conditions are just too perfect for VC operators to carry out their deadly scheme as many shareholders, seeing practically little price movement in VC & not wanting to lose the opportunity to participate in the more lucrative glove & vaccines companies are trying to free their capital tied up in VC at all cost by selling cheap just to have funds to buy shares in these currently red hot companies

My opinion is someone is purposely depressing VC price over the past 2 months to make shareholders lose patience to cut loss and sell cheaply for them to collect. The question is whether we as shareholders are willing to allow ourselves to fall into their trap. It is a ruthless & diabolical way to earn money but nevertheless an effective method only if existing shareholders were to blink first, lose patience & sight of the big picture as well as VC fundamentals. There are many ways to earn money. This method is legitimate but a cruel way to slowly bleed unsuspecting shareholders who have no patience, willing to sell cheaply just to move on.

On 1 Dec Scomi director bought 3 M @$0.03 & another 3M the next day @$0.04 Something good must be brewing.

oskchoon, You sure AT has all the relevant approvals and factory already started production?

Does anybody know whether medical glove factory needs certification from the various health & other relevant authorities? If needed marketing & export may be delayed to get the necessary approvals after factory completion

Eric, Latest Bursa announcement 8 Dec 2020 NOSH 3,812,893,008 Another coming PP of 126,578,600 to be added to the existing announcement of 3.8 B. When is PP going to end?

Fitch downgrade Petronas to BBB+

AT NOSH 3,612,893,008 @ $0.19 Total cap RM686M Do you think AT total assets is worth RM686M (Do you actually know what you can buy with RM686M?)? As somebody said AT will go up to RM0.30 which means AT is valued at RM1.08B. Do you see AT eventually having assets worth RM1.08B? Decide carefully what you want to do next with your shares.

zhm540, VC NOSH 1,199,730,927 less CSY 297,813,903
Free float 901,917,024 Unless BOD is able to resolve current free float & price issue and instill shareholders confidence again may have problem implementing PP & RI

From Fintec 2QR Deposit with Financial Institutions RM11M Cash & cash equivalent RM12M On 2 Dec Fintec paid RM28M to subscribe for Focus ICPS . I believed based on 2QR available cash if not for Fintec selling of GPA shares and the numerous ICPS conversion Fintec will be hard pressed to pay for Focus ICPS. Will definitely need the RI to pay for the diversification into rubber glove biz & working capital.

Don’t ask people got money or not? Got money want to announce is very stupid. Show us how many lots you buy @ $0.055 ?

The problem is oskchoon as you left unsaid is by the time AT & Fintec glove plants come on stream in mid 2021 market condition may change. AT & Fintec will be new kids on the block trying to get market share from existing players. Also remember on the global market other countries like Thailand & Indonesia are also setting up glove manufacturing plants to get a share of the market

You que to buy at $0.055 can get or not? No volume how you play contra?

Like you HamsterHuat I too am worried come Dec 28 after RI is listed there will be 4B+ Fintec shares on the market & with so many shares there are bound to be many weak holders and some cut loss kakis to bring Fintec to even below RI price of $0.08 just like what happen back in 2017. Pray this will not happen. Have to be fully prepared for such a scenario and subscribe keeping in mind the potential downside risk

$720M only paper profit. Actual cash & cash equivalent only $11M with another $12M deposit with financial institutions. (As per latest QR financial results) With the amount of actual cash how to give interim dividend?

On 20 October 2020 VC submitted application to Bursa for share consolidation and RI. Until now application still not approved. Normally approval is given within one month of application. What is happening? Feel that the share consolidation and RI announcement created a negative sentiment to depress prices possibly for someone to collect cheaply. Until now more than a month still cannot clear $0.06 convincingly

Petronas is seen increasing prudence in spending going forward amid mildly decreasing balance sheet, earnings as well as increased dividend payment commitment. Kenanga Investment Bank said today. It said this would then lead to lower activity levels and would be most impactful to local centric contractors which derived most of its earnings in Malaysia such as Uzma Bhd

Petronas expected to increase prudency in spending says Kenanga Investment Bank This would lead to lower activity level and would be the most impactful to local centric contractors which derived most of its earnings in Malaysia such as Dayang Enterprise Holdings Bhd. Petronas posted a net loss of RM3.4B in Q3 ending September 2020. Be very careful going forward.

Petronas expected to increase prudency in spending says Kenanga Investment Bank. Still no OPEC agreement on oil cut. Brent crude price continue to drift lower. Be careful.

Somebody said just buy OR at $0.015+ RI $0.08 My cost $0.095. Correct? Now Fintec @ $0.105. My buffer only $0.01 When RI of 1.8B added to the no of shares will the $0.01 margin be sufficient?