More to come, please see my target price.
Stage by stage

Interesting counter, worth to put into watchlist.

Sushi King business is very good.
Chemical business also very good.
LifeScience business also very good.
Myammar fisheries business back to normal.
Property is at strategic location.
Property market value is much much higher than book value.
NTA RM2.00
124mil share only.
Market cap RM111mil.
Last time Chicken Rice Shop sold to Japanese buyer for RM200mil.
Don't you think Sushi King will worth at least RM300mil.

You judge yourself.

My average cost below 70sen, I hold very long term 1, I can hold 3-5 years 1.

TP 1 hitted

Engine start.
1st TP - RM0.90
2nd TP - RM1.10
3rd TP - RM1.30

How can loss RM24bil? Izzit Air Asia transfer all its expenses / debt into AAX in order to save AirAsia?

I remember last week watch FB saw a old man (Master XXXX Feng Shui) promote this counter kaw kaw. That time is around 12sen.

Genetec is not a right candidate to compare, as Genetec is corner by small volume of investor.
I think D&O is better candidate, as this counter has many die hard retail supporter that believe in technology sector.

why steel counter all drop

Last year during pandemic, I have join some of my business partner who active in Glove Trading.

During the many times involvement with them, it surprise me that most of the glove that actively in trader market are from Hartalega, WRP and Topglove. You never see Supermax Glove or Kossan Glove is available for sales. And one thing even more surprise me is there is a Glove Brand named Cranberry, this love factory is located somewhere around Perak or Kedah, and their glove is very high demand, many buyer from overseas is looking for this brand Cranberry.

I am wondering who are the owner of Cranberry, why our TOP 4 never consider to takeover this company?

One of the reason why Rubberex can have higher ASP is because most of its production is under OBM, instead of OEM.

Rubberex has its own distributor in Spain, and that is their access to Europe market. In Malaysia, so far I think only Supermax and Ruberrex has their own distributor in Europe.

Beside medical glove, Ruberrex is also famous for its industry glove, many retailer or hardware shop who selling those thick industrial glove are actually Rubberex brand.

OMG, why Avarga cabut...
Since Avarga has cabut, should I cabut also....
Million dollar question.

After attend Hartalega AGM, I think Mah Sing boss cannot sleep well tonight.

If ASP really drop to USD30-35, can Mah Sing Healthcare still survive?

Welcome Keyman188 onboard.

Danco could be the next KAB, KGB, Boilermech, Unimech!!!

As a shareholder of Danco, I feel very happy to see the company growth so stable even during this Pandemic period.
I've been accumulating Danco share for the past 1 years, and I am still accumulating it.

有成长，不要卖。
成长长，长持有。

Sorry guys, may I know where is Leno? Long time didn't saw his comment.

Still on the ship, or abandons ship d?

May God bless everyone in this forum that share correct information.

And for those who purposely share incorrect information, with the intention to push down the price, to laugh at people that loss money, hope God will forgive him and give him a chance to change.

Rumour said PAT RM70mil

Glove stock PE are low, and Tech stock PE are high.

Analyst like Tech stock, because they are looking forward for future earning uptrend.

Analyst don't like Glove stock, because they are looking forward for future earning downtrend.

If let said Topglove take over one of the Tech company (i.e. D&O, UWC, Greatech), what would analyst said? Still give low target price, or adjust to high target price?

So far under the hand of Dato Eddie Ong, Rubberex is the one that most profitable, the profit generated by Rubberex is easily 5 times above his main company Hextar.

With the recent private placement of 80 mil share, I believe there must be something brewing. Who bought these share?

I bought Rubberex because I choose to trust Dato Eddie Ong.

If you look into Malaysia listed company, there is no much of listed company boss that very good in capital market.

In Malay market, previously we have player like Syed Mohktar, Dato Johari, Dato Karim. Especially Dato Karim, he is so good in M&A and he manage to takeover and turnaround few listed company within short period. But unfortunately, now his company is being audited (so I can't comment much while pending the EY report).

In Indian Market, we have Tony Fernanda, Ananda Krishnan, Brahmal Vasudevan, they are very good in capital market.

In Chinese market, Dato Eddie Ong, Kenneth Vun, Yee Wei Meng, these are young and knowledgeable capital market player. They are very good in fund raising, takeover company and turnaround the company.

Hi Author, II suggest you maybe can study STRAITS first.
What Fast doing now is exactly STRAITS doing in past 2 years.

STRAITS quarterly revenue has been increase from 30-40mil to 290mil gradually since 2 years ago it start venturing into Marine Bunker fuel business.

However, the profit is still very very low. I am not sure what is the problem, as I don't have other listed company to compare. But from what I understand, the gross margin for this kind of business is very very low (around 3-4%), and that is Gross profit margin, you haven't minus of your operation cost. As FAST is start venturing to this business now, I foresee FAST may facing the same problem that STRAITS is facing currently.

Which mean, you may need to wait until 2023-2024 in order to see FAST start generating revenue around RM300mil and profit around RM4-5mil.

By that time, STRAITS maybe already become the leader in that field, with Revenue RM700-800mil and profit RM10-15mil

XX 割韭菜。
Not sure where is the support price.
Wait n see first.

Based on market cap of RM723mil, minus cash on hand RM300mil, the business is now value at RM423mil only.

Assume Ruberrex can make another 90mil in the next two quarter, total PAT for the year will be around RM240mil.

neutralist, just to correct your statement of "cash in now 240m after completion of PP".

FYI, PP was done in Aug'2021, while the QR is 30 June 2021.
So, the RM240mil cash reported in this QR haven't included the RM60mil PP.

So, as at 27th Aug 2021, Ruberrex should have at least RM300mil cash on hand (after included the PP).

After look at Supermax result, I am very confidence on Rubberex.

Fabulous result.. market expectation was RM700mil, and now is was much much higher

JM Chong is super famous in Klang.

Leno, have you ever worry that Dato Sri Thong Kok Kee will privatize Insas?

If let say the offer price is RM1.30, then is no much upside for INSAS-WC d, coz once it privatise, you cannot enjoy the warrant premium anymore.

Personally I think it is very high chances Dato Sri will privatise it, and this is the reason why INSAS share price remain below RM1.00 for so many years.

Please enlighten us with your opinion.

Frankly speaking, this company only earn RM6mil per year.
Even based on 50% growth rate per annum, maximum it will grow :-

2021 - RM6mil
2022 - RM9mil
2023 - RM13.5mil
2024 - RM20.25mil

Its current market cap is RM939mil, based on 55.5sen.

I think it should drop until RM200mil (or 12sen), then only worth to invest.

For RM200 market cap, it is 33 times PE for 2021, 22 times PE for 2022, 15times PE for 2023, which is not cheap also.

Really want to give a big slap to bursa malaysia.

Good counter like harta which posted a tremendous result share price still can go down.

NOTHING is IMPOSSIBLE in Bursa, this is really unhealthy market.

It is like you study very hard to get 11A in SPM, and suddenly the University Malaya rejected you, and they accept those student with 11 failed subject.

In the stock market, no one can be 100% correct, and no one can be 100% wrong.
Everyone can has their own preference stock, some like tech stock, some like glove, some like industrial, some like plantation...etc. Everyone can have their own method of analysis, some like Fundamental, some like Technical chart, some like trending analysis, some like insider news.

OTB never attack KYY whether his buy/sell call is correct or not, but KYY keep attack OTB on his sell/buy call, this is not good.

If KYY you are good and accurate, people will see and they will automatic agreed with your point, If OTB is not good and not accurate, people will also see and they will not subscribe for his services anymore, you no need to come here post everyday.

Because he loss a lot of money on steel counter.

He bought at high price, and he dispose it all below his purchase price.

Now he want to push down the steel counter price, so he can collect more again, once he collect enough, once MCO end, he will change his tune and said steel is the best sector in Year 2022.

Result out, a bit disappointed, but expected as MCO 3.0 really affect Sushi King a lot.
Beside that, Q2 normally is the weakest quarter for Texchem (even before covid-19 pandemic),because of the 1 month Puasa did affect Sushi King a lot.

Fortunately, the Polymer and Industrial Chemical business is still doing well, this two segment minimum can generate RM20mil per annum. If based on recently M&A transaction in the chemical industry, the PE should be around 12 times. So this two segment worth at least RM240mil, while the company current market capital is RM100mil only.

Tomorow watch out Spring... Something brewing

Sapu Spring
Mobilia and Wegman move d, next is Spring

Hi Xxxting... Yes, I am still holding Texchem, holding more n more.
My target very simple, now market cap is RM109mil.
Just the sush king franchise is worth RM100-200 mil minimum.
The industrial chemical business easily another RM100-150mil minimum.
Plus some other business, property, land, another RM50-100mil minimum

So, my minimum target is RM2.00.

Tomorrow very dangerous.
Big player run already.
Left retailer play around.

So sad to see my favourite Texchem drop everyday.
Hope the dark will end soon.
I like Texchem because it is really undervalue, and I like chemical industries as I believe they will be continue growth for coming few years. That is why LUXCHEM, HEXTAR, SAMCHEM all focus on expansion, merger & acquisition recently.

Congratulation to all KYM holder.
So sad I have come down from the boat too early, I sold at 40sen.
But anyway, I sincerely wish everyone here Huat Huat Huat.

Those who bought on first day most likely will be trapped for few years d

tomorrow most likely will drop, sell on new.
41 sen maybe.

Aiya.. Ramssol is just a software company, it is not something very special or very advance.
All the software they used is from Oracle or Lark, meaning they need to pay money to the software developer, they just earn the mark-up only.
Last time when market condition is good, many company willing to spend money on Human Resource (i.e. Team building, training, employee intranet, payroll outsourcing). Now market so bad, which company have budget to spend on this kind of things.

So, don't expect too much from this kind of company. It is not technology company like Greatech, UWC, Inari, Vitrox that can generated million of dollar every week.

Market capital RM100m, based on latest Q1'21 report, the PAT is less than RM1m, so projected PAT for FY2021 is RM4mil. Please do take into account the FMCO & EMCO, it will affect the Q2& Q3 as well.
Also take into account the listing expenses (RM3-4mil minimum), which will be charge into account on Q3'21, most likely annual EPS will be negative.

Please correct me if I am wrong.

Good, KYM should be the rising star in packaging industry.

36-37 sen is important support.. if below it then really no movie d.

Dispose land & warehouse at RM399mil.
All money being used for repayment of bank borrowing and working capital.
Zero cents of dividend payback to shareholder!!!
After dispose the land, have to lease back at RM20mil per annum, signed 5 years contract, RM100mil rental expenses is locked.

Just imagine, with current situation (self owned land), Pelikan is making losses. After dispose the warehouse, need to pay lease expenses of RM20mil per year, mean its existing losses will be widen by RM20mil in coming years.

Worst things is this transaction is expected completed by Dec 2021. Mean, the lump sum gain will only reflected in Feb'2022. It is approximately 8 months from now before you can see the result.
8 months, alot of thing can happen, PM can change two times within 8 months, Covid-19 can change to Covid-21 as well.

As per my understanding, Ruberex Nitrile Glove got FDA 510k certification. That means its product are allow to export to US.

Why we buy Rubberex, below are the reason (my personal opinion) :-

1) The share price is cheapest. We have a mindset that when glove trend is coming back, the lowest share price one will always give you the biggest return in percentage.

2) Percentage increase of production capacity. Compare to other glove counter, their capacity only can increase 10%-20%, as their base is very big. But Ruberex is different, its base is small, from 1bil to 2.5bil is 150% increase, then from 2.5b to 5bil is another 100%, then from 5bil to 7.5bil is 50%.

3) Because of its 150%, 100% 50% increase in capacity, we foresee its profit will be more stable compare to other glove counter. Example, if ASP drop 30%, Supermax profit may drop 50%. But for Ruberex, when ASP drop 30%, it can be cover by 100% increase of its capacity, so the impact of ASP drop is lower.

4) We believe in Dato Eddie Ong. Compare to other glove boss, Dato Eddie look like more a risk taker. He is not traditional type of businessman, he is more like a capital market player who know how to press down the share price, how to goreng the share price, how to takeover other company. So we believe he will do something in near future.

Agreed, this guy I donno he is super bad luck or what, every counter that he posted on newspaper sure drop after he posted.

From my own observation, so far 10 out of 10 counter he posted is drop immediately after he post.