Assuming FQ3 qtr cap is 1.15b with 1000pcs/pkt glove sell at US$26 (RM110).
Est Rev=RM127mil. NP (9.5%)=RM12mil. EPS=2 sen.

EPS only 2 sen. so who wanted to sell pls go ahead. ks5s want to buy...

Is anyone have BMB Munai information in Jun-2003?

CQ4'16 maintained 25ks tower. Now add 3k towers=28k

Est CQ3 Rev RM50mil. NP=RM5-8mil.

MIE might not able to run oil field in sufficient way but they think that with Reach expertise, they can achieve their objection. Thats way they still keep 40% stake in Emir.

watch out. oil px slowly up after recent selldown on oil to kill high px buyer...

The selldown is just clearing recent rally vol. zip zap between 1.00-1.10.
take time to njoy the zip zap...

http://en.nhandan.com.vn/business/item/5616602-commerce-chamber-hoped-to-boost-vietnam-malaysia-trade.html

I think Dato Indera Syed should be attended this meeting since most of his servicing scope in government was related to Foreign Affair like Ambassador to China & Thailand......

Hopefully can bring more business to OCK.

During SPAC period, they will hv report twice a year.
After getting new business, will hv 4 qtr report a year.

https://www.mmtimes.com/news/myanmar-rubber-exports-set-rise-even-global-prices-take-beating.html

RUBBER STORY

Trump tax cut will reduce government income if everything remain unchanged.
The only way to maintain government income is to increase revenue.

So one of the way to increase revenue in O&G business is to increase the oil selling price.

International investors only attract to Aramco IPO in 2018 if the oil price is high. They will run away if Brent is below let say US$50.

Stay tune...

@Jeffyap, you are right.
Reach was zero ouput in CQ2'16 to at least 3,000barrels/day starting CQ3'17.
Consider big growth.

From px 0.395 to 0.460 only 17% up consider does not reflect the growth output of at least 3,000bbp ...

Good company with Brent oil above US$50.00.

Middle East going war??

http://www.enanyang.my/news/20171113/%E6%B2%99%E5%9C%B0%E8%8B%A5%E5%BC%80%E6%88%98-%E6%B2%B9%E4%BB%B7%E6%81%90%E9%A3%99%E8%87%B3200%E7%BE%8E%E5%85%83br-%E5%85%A8%E7%90%83%E7%BB%8F%E6%B5%8E%E4%B8%A5%E9%87%8D%E8%A1%B0%E9%80%80/

https://oilprice.com/Latest-Energy-News/World-News/Saudis-To-Cut-Oil-Exports-By-120000-BPD-In-December.html

@riko, I also hve the same question. Did you still remember there was 1 guy who suddently pop-up somewhere in Aug or Sep to talked a bit bad of CG bla bla bla...

Note: below link is for reading pleasure only.

https://baike.baidu.com/item/%E7%99%BD%E8%B4%A2%E7%A5%9E/1518643

bai-bai = 白白。 In Tibet, there is a type of 财神 call 白财神。
So bai bai is 白财神。白财神 来了。

TQ.

Based on rich people perspective, they want them or their next generation to become billionaires ( which will be categorized as super rich group). But the 1b offer will not make them into this group.

So market think that the main shareholders just need 10 years to be a member of billionaires club- year 2027. Haha, long way to go.....

Aspion buying px on Adventa glove div in 2012 was RM321mil.

1b buy Aspion (former Adventa glove div)??

if relook last Mon & Tue per transaction val (buy n sell), 90% of the val are above RM50k/transact.
And on top of this 90%, val wise (buy n sell) 50% above RM200k/transact.

Small fish like me juz look see look see. njoy the ride..

https://www.dealstreetasia.com/stories/india-bharti-infratel-acquire-indus-towers-85338/?utm_source=DealStreetAsia%3A+The+Daily+Brief&utm_campaign=b073204029-RSS_EMAIL_CAMPAIGN+%2A%7CRSSFEED%3ADATE%3A+F+j%2C+Y%7C%2A&utm_medium=email&utm_term=0_0fa50e40c1-b073204029-246554685&mc_cid=b073204029&mc_eid=242a921c27

reading pleasure

congrat mancing making good money in mrcb

project base furniture player. rev depend on property project.

On 24-Oct

There were few transactions with buying value more than RM300k per transaction.
There were also few transactions with selling value more than RM300k per transaction.

I don't think any retailer wanted to put so much money on per transaction basis....

total vol was big but not that big for retailer...

when flu coming, glove demand shoot up...

http://www.theborneopost.com/2017/10/26/strong-la-nina-will-have-significant-impact-on-palm-oil-production/

La Nina coming??

According to US scientist, they found out that the following major flu happened after La Nina:
1918 = Spanish flu
1957 = Asian flu
1958 = HK flu
2009 = Swine flu
So 2018 = ???

sifu still holding and target the price will go to 210sen by Jun2018 provided no surprise in Election.
sifu target BI + PP which will be announced by early CQ2-2018.

Sifu bought 1 month after the fire incident at Comfort factory and keep until now.
I check that time only 70sen, now 105sen. 50% profit in 400days.

But sifu said although cannot get 100% profit but return still better than FD.

Seem budget fund is coming...
Market suddenly moving to buying momentum...

If they follow the forum here and cut loss when price below 90 sen, now they already recover back.

riko, u go to rubberz kacau mancing n abcd ehh!!!!!

https://www.mmbiztoday.com/articles/gsm-mobile-stations-be-constructed-rakhine-state

Their latest Q rev result

NVtec = 68m
Dufu = 41m
JCY = 390m

So from here, we can judge that who will have the cap to absorb extra order.

Their latest Q rev result

NVtec = 68m
Dufu = 41m
JCY = 390m

So from here, we can judge that who will have the cap to absorb extra order.

CG 2017 Annual report shown that EPF only have abt 1% holding.

EPF is always look for business that provide growth and good capital return in long term. Juz imagine if EPF increase their stake to more than 5%, what will be the price??

If CG need fund for quick expansion, the best way is to go for loan + private placement:
[a] Loan
= CG FQ2 QR shown cash was 14mil and borrowing was 14mil. I expect their loan will increase to 35m by FQ4.


[b] PP
= PP is good as they can select good investors and what will happen to the price if they allocate the PP to Brahmal, KYY and EPF!!


HAHA, NJOY

I think wd will channel the order to jcy instead of dufu as jcy has sufficient CNC machines to support.

T ration 1.30x =good

today's trend nothing to worry, they juz killed those who bought at 1.05-1.10 yesterday..
Good trend.

Adventa sold glove business to 3rd party about 10 years ago.

Very high possibility this 3rd party sell their glove business to TG.

Just sharing cap infor for reading pleasure:

CQ4'17:
TpG = 50b
Harta = 30b
Kossan = 25b
Spmx = abt 30b


Future:
TpG = 60b (2018)
Harta = 42b (2020)
Kossan = 45b (2021)
Spmz = how big is Bukit raja factory??

FY2018, CG add 8 new lines from 40 to 48 or 4.8bil (increase of 20%)

FY2019, if another 20% cap increase, they need 10 new lines ( become 58 lines or 5.8bil).

FY2020, another 20% cap increase, they need 12 new lines (become 60 lines or 6.0bil)

Comfort definitely need fund for expansion in CY2018 and the following years just like what TopGlove did few years after listing. There are 3 possibilities way to get extra fund:

[a] Bonus issue + warrant
[b] Right issue + bonus issue (share + warrant).
[c] 10% of Private place.

This is bcoz operating cashflow is insufficient to support the quick expansion and they need to do it quickly before TopGlove, Kossan, Harta n Supermax expansion completed in 2018-2020 period of time to capture more market share.

@philip31, correct??

suspect push up for BI. TQ

http://www.theedgemarkets.com/article/can-small-glove-producer-overcome-its-lack-scale

rubberex also coming. all related to Top Glove action but which one is the pick??

Good sharing. Still have to make sure Dufu has the cap ( unless they still have 30% idle cap to support) to absorb the extra order as nobody will buy so many additional CNC machines keep idling in the factory waiting misfortune happen to competitors.

There is enough supply of new CNC machines in the market. It is not the problem to get new CNC machines.

The problems are:
[a] Do they have vacant big building to install new machines and set up new lines?
[b] If they have such a building, how long is the preparation for new line to start production?
[c] How about approval from local authorities like Bomba department....?
[d] How about those ISO audit- how long are they going to complete it?
[e] How about Customers audit- do their customers still give full trust on this supplier?
etc....

Dufu is their closest competitor but don't think they have sufficient additional capacity to absorb the quantity from Notion. The industry need few vendors to support the 500 CNC machines output. Some of them might be MMI (Spore), Brilliant (Spore), Nidec (Jpn)...