Qr is very late. I expect it is still a bad result.

They have qr or not. So slow

Yes what is that ahfad

You will be rewarded

If you check global coronavirus cases, bearish signal has been formed. Cases from 800k per day has drop to 400k per day. The effectives of the vaccine as a whole can be seen from the tremendous drop of cases. Eventhough only very small percentage failed. So the recovery theme is very much on track now.

This is stock is a weekly to monthly game. Dont expect it like a casino goreng kaki

Cannot move? Haha you dont see how much it is being pushed before jan 2021?

Big sharks are still accumulating and wash weak holder

Dato karim acquired 2m more shares and bawang dispose 240k shares

Bawang shares are almost finished. Serbadk will fly soon.

Good closing

https://www.nasdaq.com/articles/u.s.-customs-issues-detention-order-on-imports-of-goods-made-by-malaysias-top-glove-2020

The NST also reported that the return on investment for Anzo should be six to 12 months as it may sell the gloves at the current market price of US$70 to US$75 per box of 1,000 pieces.

This means the potential net profit for Anzo from this business is expected to be in the region of RM150 million or more.

——-
Even rubberex, comfort, With 6b production cannot even touch net profit 100m. You expect this is true ?

That ctos is not correct. There are many company with wintrade name. Bought yourself at ssm mydata.

Trade on what you see

Dont trade on what you think

I agree with secretinvestor8888

Because market still in consolidation and the us market is very shaky now

And also director continuously dispose. Compare to other gloves counter

In my opinion and view, the momentum for comfort is not as good as before the issues of fda arises.

When top glove play, other gloves counter will do so. So always watch for the signal from topglov next week.

When top glove play, other small counters will follow. if no play, then just watch.

Careplus future is bright as it has been jv with ansell start on march finalised. Later someone when ansell qr will come out which will boost careplus as well

He is afraid to enter thats why he comment like that.

Thats true mariyahimariyaho

Everyday i have been watching careplus trend and compare with other small gloves counter.

If top glove keep on reaching new all time high, the rest will follow as well the trend.

Shareinvestor88

Your comment wont affect as it is riding on global pandemic and glove sentiment. All glove counter PE already out of calculation but the future of the company is clear when JV with ansell

You dont look anymore at how much profit need to be if the PE is already out of calculation. As long as it turn good performance like supermx before. If fund manager, retail and sharks still pushing the counter just follow the trend

May i know the qr report before announced at lunchtime or after trading hours? Anybody remember?

Do u guys know how much bank and analysts put the expected profit ? Please share here as that is more relevant info to follow

Yes i hope so. But most bank and analyst have given a good expectation for top glove. Im sure they know well on how top glove perform.

Almost all banks and analyst have put high tp. They know well how topglove is doing. No need to put your own judgments on how much profit need to be or whatsoever.

If you dont want to say good thing, just shut up or leave.

It is ok to sell on morning to cut loss and buy back in evening if you think tomorrow will go up. But dont just stay without doing anything because today showing a downtrend

It is better sell in the morning and buy back on closing for comfort

I know it is old news. I just want to stress back the point from the jv which will be reflected next qr surely

This is from Ansell website. The join venture closing on march. Remember march have MCO. So next qr will surely reflected the effect of jv with ansell.

Why
1. It is mentioned there, careplus is the supplier of ansell
2. Ansell have a worldwide market share and a glove multinational. Means, now careplus can export to all over the world via ansell distribution networks
3. Careplus quality meet ansell standard which is international standard. Thus no issues of us fda and whatsoever
4. Jv with careplus help ansell to increase capacity to meet for global demand. Will subsequently benefit careplus as well.

ANSELL LIMITED TO ENTER JOINT VENTURE WITH CAREPLUS GROUP TO SUPPORT RAPID GROWTH IN SURGICAL GLOVE SALES


6 February 2020 – Melbourne, Australia – Ansell Limited (ASX:ANN), a global leader in protection solutions, today announces an acquisition of 50 percent of the issued shares in Careplus (M) Sdn Bhd from Careplus Group Berhad for a total consideration of RM37 million (approx. US$ 9 million) including capital investments and subject to Careplus Group shareholder approval and customary closing conditions.

Careplus (M) Sdn Bhd is a Malaysian manufacturer of surgical as well as latex and nitrile powder-free examination gloves, with annual sales of RM157 million (approx. US$ 38 million). The Company is a current Ansell supplier and has a manufacturing facility in the Senawang Industrial Estate, near Kuala Lumpur in Malaysia, with significant unused space and capacity.

“Both Ansell and Careplus share similar values including our commitment to delivering high-quality products while maintaining high labour practice standards in our manufacturing facilities. We are excited to enter a manufacturing partnership with them, investing together behind additional capacity,” says Darryl Nazareth, President Healthcare Global Business Unit at Ansell. “We continue to see excellent growth in our surgical business and this investment, together with additional capital investments we are making in our wholly owned manufacturing facilities, delivers the capacity we need to continue to grow and satisfy the increasing global demand for surgical gloves as well as support the rapid growth of our differentiated Industrial single use platforms.”

Ansell expects the acquisition to be EPS neutral in F20 and slightly EPS accretive thereafter. Closing is expected to occur in March 2020.

Thats true enquire

Factbasedinvestor, at what price you sell yesterday?

Tomorrow will start positive and not as volatile as today. . See how top glove closing today which will impact other glove counters as well

Today big money will change to oil and gas and maybe technology. Gloves will be further downtrend due to haircut news. But you can still gain on technical rebound for contra player, happy trading

Investoridea. You should sell when it top last 2 days. Dont be greedy. No stock will always limit up or uptrend everyday. After sold, u can set when is the next reentry point when it drop to a lower support point since Covid-19 pandemic still ongoing

Yes me too paktua. I have sold my shares at 1.81 yesterday. Now waiting for re entry point

Gnath_77. What do you think the lowest support point for this correction and reentry point? I know its quite early to ask as now just the 1st day of correction.

Keep collecting is ok.

Big money changing counter

It is correction as i told yesterday and this morning, rubberex jump down agai. Now Other counters will follow. Scan for a reentry point in few days

Maybe later push more

Yeah thats the sign there

Maybe due to the fda report by the edge. I have seen a slower pattern last week after the report comes out. But it is still gap up.

@paktua73 please.add me

The coronavirus cases around the world reach 6 million mark and yesterday alone the daily cases spike to 125k

Thats true. When opening economy, the demand for the gloves will surge more than ever

I hope they could materialised the 10 billion production during this pandemic