aiyoooo no need to talk to pasar malam boss la. waste time teaching him maths la. since he only primary school hehe

well todays a red due to uncertainties here n there. cant help it. adios

anyways up to the pasar malam ppl to hoot haha

freetospeak bro i think unlikely la. glove companies alreday paying 10x more tax compare to just in march

might as well say world ending la...aiyoyo hehe

aiyoyoyoyo

aiyoyo....

windfall tax...even if possible is not big deal la..aiyooooooooooo

ok ok hehe

just wanna share on the tax thingy so the normal investors are not influenced by the bad suckers mah....

nothing to worry about hehe

Windfall tax windfall tax huh.lol
please read this first
https://klse.i3investor.com/blogs/kltrader/2020-07-21-story-h1510638764-Malaysia_Rubber_Gloves_ndash_Is_a_Windfall_Tax_Possible.jsp

Not even 0.1% of GDP lol.. why does the govn even care also. Lol
Of course the extra 10% will be subject to revenue size n tax rate.

Tax rate ~ 24%, the 4 gloves companies are paying $$ in taxes now
TG 297mil
Harta 133mil
Kossan 28mil
Supermax 236mil

Gloves profit now after tax (pat)
TG 1300mil
Harta 549mil
Kossan 132mil
Supermax 812mil

If windfall tax, lets add an extra 10% to be tax
TG 162mil
Harta 68.2mil
Kossan 16mil
Supermax 104mil

How much percentage eating into profits now?
TG 162mil/1300 = 12%
Harta 68.2mil/549 = 12%
Kossan 16mil/132 = 12%
Supermax 104mil/812 = 12.8%

Aiyoooooooooooo what is an extra 12% to be taxed laaaaaa

DUH!!!!!

Windfall tax windfall tax huh.lol
please read this first
https://klse.i3investor.com/blogs/kltrader/2020-07-21-story-h1510638764-Malaysia_Rubber_Gloves_ndash_Is_a_Windfall_Tax_Possible.jsp

Not even 0.1% of GDP lol.. why does the govn even care also. Lol
Of course the extra 10% will be subject to revenue size n tax rate.

Tax rate ~ 24%, the 4 gloves companies are paying $$ in taxes now
TG 297mil
Harta 133mil
Kossan 28mil
Supermax 236mil

Gloves profit now after tax (pat)
TG 1300mil
Harta 549mil
Kossan 132mil
Supermax 812mil

If windfall tax, lets add an extra 10% to be tax
TG 162mil
Harta 68.2mil
Kossan 16mil
Supermax 104mil

How much percentage eating into profits now?
TG 162mil/1300 = 12%
Harta 68.2mil/549 = 12%
Kossan 16mil/132 = 12%
Supermax 104mil/812 = 12.8%

Aiyoooooooooooo what is an extra 12% to be taxed laaaaaa

DUH!!!!!

aiyoyo

71m to cash out while TG is worth billions. some ppl really think its white paper even if u hand them real money

still such a 200bil shortfall of gloves...wow o wow

lol

I think donald trump will lose the election. he really did a pissed poor job of managing the pandemic...stupid fella.

he was doing a good job until everything came apart. imagine him telling u wearing masks are crap as compared to a doctor telling u otherwise

he deserve to lose...lol

ouch

wow...global shortfall of 200bil gloves. thats really a lot.

aiyoyo good one. for now till end 2021 there is a deficit of supply of gloves in the world. source from margma the gloves association

and everyone knows when demand > supply? prices go up...simply economics le

aiyo....i kasi orang tau tax stuffs ppl flag me pulak....those jealous losers hehe

and probably a lot of ppl do not know as well,

all the gloves companies have already been paying more than 10 times the tax since this march. you can check from this website on each gloves company financial results page lo.

just look thru how much tax they paid to the govn since march 2020 and compare between then n now

lol

knowledge is power hehe

Windfall tax windfall tax huh. Lol

Lets study n have a look
According to tax experts n the news from july,may if tax is imposed it will be in the existing company tax of 24%. An extra of 10%. Hence 34%
This will roughly generate 790m from the big 4 glove companies

Not even 0.1% of GDP lol.. why does the govn care also. Lol

of course the extra 10% will be subject to revenue size n taxrate. TG may pay more eg extra 200mil( 790m div by 4 duh)
Supermax n others may pay less...duh

Again, what is 200mil to TG pat of 1.3bil? Aiyooooooo

Supermax profit 1049m
Tax paid now 236m
Tax rate 22.56%
Extra 10% 32.56%
Extra to be tax 105m

What is extra 105m to supermax? Aiyoooooo

moral of the story...dunno what is OR...dun play play!!!

lol aiyoyo

p.s plus please fuking read the forums first dei..before jumping in anything

aiyoyo

only those with the intention to misled n con WILL think that others are doing the SAME..

we old uncles here are just having a nice coffee chat n sharing information. nothing fancy or personal..just good old info n facts

promote? i promote to myself ka....hehe

aiyoyo

yea pls read freetospeaks blog post. he did mention about the beyond line of masks n contact lenses...lol

i think he said about rm10 of profit per mask.

ah well, why we care o...hahaha

is the rocket name a case of trying to make up for something deficient? hmmm

aiyoyo...pasar malam guy here again lo. should be called team pasar malam la...aiyoyo

all glove companies will make money until 2021-2022 la...

so obvious la. use common sense la

look at their:

cash balance
buyers give deposits in the millions/billions
waiting/lead time is 6months up to a year
2020 to 2021 forecast to have a supply deficit gap

good luck

lol morpheus bro...

yes wkc u are right bro. i agree as well. be patient

peeps fundamental will always catch up la. just be patient
balls of steel bros

tg n supermax will surely find ways to expand n grow...with bils of cash on hand..
woi! billions u know! billions! not few mil or few hundred mil. billions! in cash!

WTF man.

careplus comfort rubberex only worth few bil each..sup sup water

thats my opinions anyways...

plus i think the smaller glove companies maybe gobbled up by some big players

tg is at 8bil

however that being said, since supermax shares are only 2.7bil they may do a bonus again. still no problem

lol. tonefa

they are just losers la see2sea. just ignore them dy...yawnnn

aiyoyo aiyoyo hehe

aiyoyo aiyoyo

aiyo..gemfinder angry liao. good for u hehe...

run to mummy hehe. go go gemfinder hehe

q1 profit 789m eps 30.58
q2 profit 947m eps 34.8
q3 profit 1136m eps 41.8
q4 profit 1363m eps 50.1

total profit 4.235bil
eps 1.56

pe 15 price rm23
pe 20 price rm31

at just a very conservative 20% increase in pat every quarter, which is very very little
who says 4bil cannot be achieved? lol

btw gloves average are about pe 25

actually uncle kyy giving 25% increase in pat is very conservative le.

so little.

but his PE of 15 is really a sikit la. at least should be 20-25. this is the gloves average

joyvest, you are very very welcome to buy other companies...lol

me i am sticking to gloves companies...they are my money maker

simply becoz i have already done n understand my own homework

facts dun lie...hehe

4bil to 6bil of profit for supermax in 2021 is not really far fetch u know

i still believe that 2021 will be a super bumper year for supermax n the gloves companies.

we are still in the deficit phase...demand are more than supply

in simply economics...if demand > supply prices will go up.

why do u think competition bring prices down? becoz of supply demand equilibirium..but that will take time. setup a factory n glove lines will take up to 2 years le.

we are still in a deficit supply phase

supermax will make bumper profits in 2021 and since they are also doing contact lenses, masks, PPE etc...lol

i am confident. cheers

its ok guys, patience will pay off in the end.

stock prices always goes up in tandem with higher profits n eps

but prices will not go up in a straight line. u must understand that. there are dips n ups. nothing to worry about since the longterm uptrend is still intact

thats why gloves are only for the long term holders. 6 months to a year for holding.

so today it went down. so what? nothing ever goes up in a straight line.

plus we still have political unstability, IBs mucking around due to CWs expiring...klse is not a big pond. there are not much foreign money in here. a lot has left since march this year. may come back or not is not known. u guys must have read that billions of foreign funds left every month as reported by midf.

hence thats why our market is very easy to manipumate now, due to less big guys buying n participating.

but ...again this is only temporary...like freetospeak shown us...we are still in good feel phase/starting mania phase...why?

becoz profits will only continue to go up.

plus i suspect supermax purposely report lower profits this time. why? look at TG n supermax. such a big difference lol

anyways keep your confidence n conviction.

i am still holding. no point to trade for a few 20 30c u know..its peanuts. i am still targeting above rm20 bucks.

good luck.