got a feeling..botak will push up ... the eko style,

thats another point..trump could wag a war, to divert failure in handling covid issue.

get ready for oil trend pula..start buying..the following week should be ok after production cut

haha...similar story with dayang la..when to sell?...so why not sell when it was 2.90..but still losing 90% ?..but for those who know apek..should khow his super investor strategy..Follow apek, and u sure can get rich 300% !!..

buy before oil trend cycle.. Friday start cut production. That would easy some pressure on supply and demand issue. Forget about US oil, WTI, they hv their own issue..both supplier and user are from the same economy.

When oil trend start again, perhaps end of May, this counter will fly the most, easily TP 2.00. Align some of profit from gloves counter to serba..huhu.

reason why malaysia company difficult to compete with our neighbour is becoz over there, Spore government give banyak subsidies...unfair advantages, compare to malaysian bunkering business. ..what our government should do is to give similar subsidies..than baru adil.

under PH government, this are the things we want to do..but now under PN..donno la. Bunkering is a billion ringgit business, stupid fo BN, now PN for giving it away to spore.

still holding to this glove counter..KYY effect..hehe

https://www.ansell.com/us/en/about-us/media-center/press-releases/ansell-limited-to-enter-joint-venture-with-careplus

i also donno la, but the news is no more posted on Ansell official website..its gone this morning or yesterday, coz last friday still there

ya lor..removed, no more news about that JV..hemm. anyway, i am quiting this morning. looking for fresh lead.

price more coincidentally with chairman accumulation that only stop on 20th April..after that, price keep on dropping. He already accumulated 22% shares.

previously company wants to sell 50% shares coz glove subsidiary was bleeding the company, but with the recent development, company getting big order and for the next 1 years, will definitely making good profits..

-- will the shareholders willing to let go they newly found Golden goose to Ansell for just $26 million?? .. i would ask for 30 million or perhaps $35, coz Careplus have to commit >10 million to subscribe 21 million additional stock which now value more than the previously calculated at about 30c.

reduce my stock la..happy weekend.

psychological barrier 40 cents

Post removed.Why?

but this BB purely to push the share price... diff from what it should meant to be. remember the initial share price was between 1.4-1.7 ..no need to BB when price already higher that its normal value.

quite common for share price being pressed down before PP announcement/ calculation..after that, it shall fly.. why?.. go figure la. .. standard SOP...huhu

hope good news..as i already packed with C1 and C7..huhu. just ready to explode.

too high and to fast .. jual dahulu la.. 2.27

main issue in oil industry is DEMAND DROP significantly.. price may be holding at certain acceptable level, perhaps between 20-30, even up to $50 ka.. but without demand, sales VOLUME drop.. as such :

1. rig count drop
2. maintenance drop

profit margin can be adjusted, but without volume..cannot sustain. How long PETRONAS can holding crude storage, over 1 months??..consumption drop.. when Hibiscus crude oil will lands?.

Last time..price drop, but volume maintain..can still survive with thin. Hibiscuss can still drill at full pace, now sure less and less.. mens..

hope uncle not kena covid in the next few weeks..but he olready gave hints. ..rapid rise...means not for long term..

my Comfort still giving me better return..hope Careplus could reach 40C soon la

last day to accumulate cheap warrant..once oil price settle by end of this week..serba going forward to test 2.0...

jalan terus ...

UNDERSTANDN THE DIFF BETWEEN WTI AND BRENT CONTRACT:

WTI contracts are settled with physical barrels, while Brent is settled with cash. WTI expires late on Tuesday 22 April and Brent will expire on April 30.

Brent contracts are settled in cash so there is no risk of going negative but they could drop significantly.

when oil in trouble, the first thing to go is RIG COUNT drop...follow by service and maintenance required for each rig/platform.

WTI already back to positive territory, tuesday is the last day for March delivery. June still at around $20. Brent is having the same disease now for few days..sama pattern, but will recover coz OPEC sure immediately cut production THIs WEEK. There is a very big difference between having OPEC cartel and non-opec producer, esp in times of uncertainty like this.. OPEC will always prevail.

like it or not..this stock fly purely due to apek KYY effect, to that extent..the whole bursa ccolapse but apek KYY counter still flying..haha !!... goreng sampai 300%.

OTW there will be opportunities to top up when uncle take profits and he topup olso, max 2-3 times.. after that, just stay focus and prepare for exit strategy. If u still continue to topup some more with margin....ready to dye standing at the top la.

The result is really ugly. Nobody wants physical delivery of WTI for MAY, and with storage options dwindling in some places, traders liquidated their positions, selling contracts at crazy discounts. With the contract expiring on Tuesday, nobody wanted to be left holding the bag. Unable to actually accept physical delivery, traders ended up paying someone to take oil off of their hands. Surely, some fascinating reportage will be written about the last guy that got stuck with an unwanted May contract.
--
OPEC and the other oil-producing countries agreed to cut 10 million barrels a day — about 23 percent of their production levels — in May and June,
--

What happen now.. US eat their own medicine, refuse to cut production..now too late already.. Saudi and Russia smilling big time.. while Opec have some opportunity to stop production before the thing in US, WTI happen...and TODAY, Saudi/Russia and EVERYBODY !! would drastically cut production to AVOID deep oversupply.

i olso bought some, mother and cons ..perhaps not moving up very soon, but the down side looks minimal.

stupid for those who keep on thinking that apek really lost his fortune at Dayang.. that otai legend la.

apek not woorking along, he got backup and cartel with tns of $$

Comfort will overtake Supermax .

olso C1 at 45 cents..

BTW i bought onto C7 at 7 cents.. my target price.coz TP 2.0

this WTI price drop is something that cannot be rectified. Its not like having nuclear war between US and North Korea, etc. .. Brent still holding, which our oil and 2/3 of the world oil standard, and that's very important indicator. Stay calm, accumulate whatever drop..like C1 and newly issued C7 warrant..

innovation hub, academic campus, related facilities and IT infrastructure in Abu Dhabi, UAE worth USD1.8bn (~RM7.7bn).... OnG or not?? never baca, sad.

as predicted weeks ago, uncle sooner or later uncle will join glove counters and only 2 counters that suit his preferences.. other than Comfort is Careplus... the rest either too big or too small.

and Comfort MC now is very much like Dayang when he first entered..huhu. TP 3.00

adoiii..why suddeny so many expect posting WTI price drop here??...should look at brent la oii.

BRENT still trading around $28 guys.

after bought around 1.00, than uncle issue glove articles..hehe..welcome aboard uncle.. sure fly towards 300%. Hope uncle also bought careplus ..haha

dont care la how many each company producing gloves, the most importing is..good profit or not? big but bigger opex, bigger debt olso no good one.

agreed with @nashvz, it's like what happened to some glove counters few weeks ago...while mother seems lingering and out of stream, but fundamentals intact and still strong....again, if u confidence..wallap cheap warrant.

all glove counter mcm running out of steam olready..time to rehat for a while.. no trend would last for months...look for new leads

if u believe on the fundamentals...than accumulate..huhu

buying warrant..

don't be fooled by apek story la..he just exaggerated the figure to run away from LHDN la..bought below 70cents and already making tons of money when the share price hit above 2.50. Sold most of the stock and perhaps left with 10%.

than its true..he lost 90% of that 10 % only.

just stay in glove counters but don't really expect it to fly multiple times like i those years..coz nowadays, many companies and production lines.

those who hedge oil at very high price will rugi kaw-kaw la.. surely AA hedge when oil price at $50.. but 1 thing good, usage very low coz no fly zone.

ya, 95% product exported world wide....BUT last QR revenue only $54 million, the smallest in glove industry, even the next company, Careplus double at $108 million.

but who cares..as long as shares can make huge profits..huhu

yesterday volume was supported by SBB, today donnt who?

reaching the resistant at 1.90..time to reduce stake .. profit taking sure kaw2

slow-slow reaching 35 cents..