This is no the only good news. More good news will out soon.

Today Limit Up ! Limit Up !

This is Road Street News. No 100% accurate !

What i heard about Novamsc is jv with US vaccine company to distribute vaccine in Malaysia and Singapore. More details need wait the official announcement.

Yap. Novamsc going to announce good news this week. They said will goreng to 30sen wow.

anyone please share ur comment here.

Bintai and Solutn join the Covid-19 vaccine. Dun know Novamsc news true or not. If it is true, then just like win a jackpot.

Novamsc will venture into Covid-19 vaccine ? Anyone heard it ?

Maybe AmInvest report cause the panic selling in glove stock.

After the price surge, AmInvest Research lowers glove sector to neutral

KUALA LUMPUR: AmInvestment Research is downgrading its call on the glove sector to neutral from overweight as at the current share price levels, the valuations for glove companies under its coverage – Top Glove, Kossan and Hartalega -- have fully priced in the companies’ earnings outlook.

“We think that the average selling prices (ASP) will begin to taper off in 1Q2021 after the expected increase in ASP until end-2020, which have been priced in. Share prices of all of the glove companies in our coverage have exceeded their target prices, ” it said in a research note on Tuesday.

Top Glove is currently trading at CY21F PE of 43.3 times, which is two standard deviations higher than its three-year average forward price-to-earnings (PE) of 28.9 times.

Kossan Rubber’s CY21F PE of 26.0 times is almost one standard deviation higher than its three-year average forward PE of 23.7 times.

Hartalega is presently trading at a CY21F PE of 40.9 times, which is slightly higher than its 3-year average PE of 39.5 times.

“An increase in industry capacity would exert downward pressure on selling prices. The big glove producers (Top Glove, Kossan, Hartalega, Supermax and Sri Trang) have plans to increase capacity by 21% in 2020E, 23% in 2021F and 27% in 2022F.

“We believe that higher supply of gloves from the expanded capacity will more than offset the increase in demand. Moreover, we think that recent strides in vaccines formation will affect the ASP of gloves as the urgency of glove orders would be lessen. We are not making any changes to our earnings forecasts as we have already assumed that a Covid-19 vaccine would be available by 2H2021, ” it said.

AmInvest Research said the glove companies’ capacity expansion plans will add 126 billion pieces (54%) of capacity in 2 years by end-2022.

“Although this bodes well in terms of ability to cater to higher volume of orders for the next one to 1.5 years, we think that a short-term supply glut will come back into play in 2022F, ” it said.

“On a positive note, we expect sales volume to continue growing in 2021F as we anticipate a structural change in the way gloves are used. There will be a new normal where glove usage per capita will increase as hygiene measures become stricter. The glove consumption per capita in emerging markets such as India and China is low at around tow to six gloves as opposed to circa 100–280 gloves for developed countries, ” it said.

AmInvest Research said it took this opportunity to downgrade our call on Top Glove and Kossan to Hold while it maintained its Hold call on Hartalega.

“We now have a Hold call on Top Glove with unchanged FV of RM25.70. Our valuation is based on 33x CY21F EPS. We assume ASP of US$35 in FY21F and US$25 in FY22F.

“We reiterate our Hold call on Hartalega with unchanged FV of RM18.74. Our valuation is based on 45x CY21F EPS. We assume ASP of US$30 in FY22F and US$27 in FY23F, ” it said.

KAREX totally no support at all. Big player keep selling.

Everyone, If KAREX hit your cut loss pts please exit. Don't dream it will rebound. Big player already selling now. Better hold cash first.

I can said KAREX management pick wrong time to announce the news. Good news become Bad news.

Those chase high this morning all die kao kao.

I think KAREX need consolidate first before another uptrend.

Better hold cash first. Waiting another Target appear.

John1102, what other counter can buy ?

I feel so sad today.

If break RM1.00, i will sell too.

Hai. So sad KAREX drop today.

The smallest player Carepls and Adventa, both share price above RM3.00. KAREX now only RM1.07. That mean KAREX have at least 300% upside !

KAREX can easily overtake Carepls, Comfort and Rubberex in glove production within one year time. KAREX current share price is highly undervalued.

KAREX Sure Limit Up Today !

KAREX worst is over. It will perform better and better in the future. Some more glove business will contribute positively to its core business.

KAREX "World Biggest Condom Producer Will Become World Biggest Glove Producer "!

KAREX results out ! Excellent !

Don't Worry Everyone. Must have faith on KAREX. Shareholder keep buying no just for this small profit.

Look the Q to buy. Likely open gap up.

Good morning everyone. KAREX going to announce their Q result today !

2nd wave is coming.

Those no looking good at KAREX. Please sell now.

If KAREX can break 1.07-1.08 resistance. Very likely will hit limit up.

KAREX share price look strong support at 1.00-1.05.

Wao, KAREX so geng this morning.

I still have alot bullets to buy Topglov. I still no buying enough.

I still buying Topglov. Thx alot for those sell to me.

All glove stocks dropping .... hahaha . Run Run Run

For those no holding power and heart to hold, better sell now.

Topglov Superb ! I still buying ....

Go Go Go. I sapu again.

Tan Sri Lim already said target is RM35. Just buy and hold it.

Will KAREX Limit Up Today ?

Good Morning everyone. Today is another good day !

Government only able get small amount from windfall tax, but it will kill the stock market sentiment which lead by glove stock. Losses in stock market is far more than windfall tax. You think government is stupid.

Government will no kill the golden goose.

Will break RM30 after settle the US case which expect on end of August.

Topglov still cheap now. Buy just keep buying.

Tan Sri Lim Wee Chai is the biggest player of Topglov. Those small shark can fight with Tan Sri with billion of capital ? You all think about it .

I alot of bullets, wait shark to dumb the shares. I ready to buy

One thing is confirm is "Topglov will hit RM35 ". Buy and hold it, don't let the passive comment affect you.

KAREX closed at 80sen at 12.30pm. Will it rise further this afternoon ? Will the The Star article spark the share price to limit up this afternoon ?

In the interview, Mr.Goh mentioned that "The group is “keeping an open mind” on how it can diversify from its condom manufacturing business." It is mean KAREX going to produce glove ?