Hopefully the PAT can be around RM12mil.

Yup Yup, TDM bull will be coming.

RM0.35 is not a dream.. TDM will be revenge to test All Time High.

Wow... SWSCAP deliver a suprising result.
Judge from the drop of the share price from 40sen to 20sen for the past 6 month, at first I thought the Q1'24 result must be very ugly, so I am estimating Revenue RM25mil, and Losses around RM7mil.
Surprisingly the result is Revenue RM37mil (highest in the last 7 quarter), with a small profit after tax of RM200k.

A wise investor told me that Harta, Kossan & Top Glove has show a affirmative recovery, that why share price has go up so much.

Only Supermax still inside the tunnel, many investor still have doubt on the company management, whether they are capable to turnaround the company, or they will continue to waste the shareholder money to buy plane.

So, he choose to bet big on Supermax, as his theory is:-
"If Supermax can deliver a profitable result, then share price will be limit up"

Cabnet, cabnet, when can you announce a big project.
Your order book will be finished soon in next 2 quarter.
Faster go to secure a big project.

Worth to re-look at Comfort.
If Comfort also can turn-around and make profit, then Glove industry confirm is return.
Just a wild bet, hope can see that Comfort deliver a :-
a) Revenue increase RM90mil
b) Gross Profit at RM15-18mil.
c) Net Profit at RM3-5mil.

* Assume there is no more one-off impairment

Now you just need to wait for Analyst buy call.
Kossan result is very good, and we can expect Hartalega next quarter will be even better than Kossan (Perhaps Revenue RM600mil, Net Profit around RM60-70mil).
Same for Top Glove, I believe Top Glove also can achieve RM50mil profit in next two quarter

Harta has mentioned in their QR that due to ramp up of the production line (They have re-activate more production line to cope with the increase demand order, as well as re-commissioning the production line that dismantle from Bestari and reinstall at Sepang).

Yup, agreed that Profit is the King. That why I try to highlight that Kossan huge cash pile has become a burden, as this cash pile unable to help Kossan generate more profit.
Kossan need more profit to sustain its current share price.
Currently its EPS for Q1 2024 only 1.2sen.
It need more profit (i.e. 100mil per quarter) to justify its current share price.

One of the example is INTCO, you look at their company announcement for the past 2 years, basically you can see that the company is actively investing in other business, subscribe to all kind of private equity products, because they have too much of cash, and they need the cash to generate higher return for them.

Top Glove has no such problem, as Top Glove spend too much money to buy back its share.
Supermax also no such problem, as they have use the money to purchase Airplane and build factory in US.
Harta have similar problem, but I believe Harta will continue to expand their NGC 2.0, 3.0.
So far only Kossan have this problem, perhaps maybe Kossan can start to expand upstream, such as acquired LUXCHEM, or expand downstream, acquired some distribution channel at Europe or US.

When glove company is making huge loss, their cash in bank is very important.
Cash = Margin of Safety
Investor feel safe when they know this glove company has few billion in account and this money can ensure the company walk out from the crisis.

However, after the crisis past, the huge amount of cash in hand will become a burden.
It will drag down you ROE.. As all their cash can only generate very low income (3-4%), while investor is paying high PE for your stock (20-30 PE), so they need the company to generate high ROI. But because the industry has excess capacity and company cannot expand further, company must think a way on how to use the money to generate more income.
Is either you start to acquired other company, venture into new business, Invest in quoted securities, or you issue special dividend to investor.
Otherwise, your ROI will be continue to drag by your huge cash pile.

Maybe today not they day yet.
Maybe institution investor want to collect more share, so need to prolong the washing period.
But is okay, we still have next week, next next week.

This counter can start to collect..
Q2, Q3 & Q4 will be showing improving result QoQ.
Target 90sen by end of the Year 2024.

Wish everyone have a good good friday!

One more point I want to added.

With the increase of Tariff in Year 2026, China Glove Company (Intco, Bluesail) will call off all their expansion plan immediately. Because no company will continue their expansion plan if they know 18 months later their sales will be drop by 40%.

This is very good news for Hartalega, as Hartalega can now continue their NGC2.0 plan, as there is no more new capacity threat from China.

Although I am very confidence on all Glove counter, but Hexcare is the one I have least confidence.
This counter is heavily control by someone.. As long as he has no intention to push the price, this counter will not move. But once he has intention to push, Rm1.00 is not a dream.

Confidence that Comfort will closed above 55sen.

Very confidence today will break RM2.60.
Next week will be challenge RM3.00.

Very confidence today will break RM3.80.
Next week challenge RM4.00.

Very confidence today will closed above RM1.30.
Then next week will challenge RM1.60.

As I mentioned few months ago, this Ekovest share price is really pressed down by syndicate at 46sen level.
This is because Ekovest share price have to be stay low so the Merger & Acquisition Proposal can be accepted by majority shareholders.
If they don't press down and let the share price go up above 60sen, then the whole Merger & Acquisition Plan will be failed, as no shareholder will willing to accept the proposed share price of RM0.60 if market price has exceed RM0.60.

Just be patient, everything will be paid off.
Of course I understand that market is very hot now, many investor stuck their fund at Ekovest, and seeing other counter fly up everyday, the opportunity cost is very high and very pain.

MBL start moving

Once more question i asked him, for those customer take cash out from glove stock, did they planning to withdraw their money, or they will buy other stock.
The answer is" 100% of the customer has take the money to buy other stock, or keep in the trust waiting for next purchase, so far no customer request for withdraw.

Based on this point, I believe trading volume in Bursa will be continue to surge.

@paperplane, I agreed with all your point.

Based on my own research, I can call two of my remiser who has more than 300 customers on their hand. I asked them, "On 15th May 2024 that day, how many of your client buy glove stock, and how many sell glove stock"?

The answer is " 60% of their customer that stuck in Glove stock has choose to cut loss / cash out / take profit on 15th May, while balance of 40% still hold it, as these 40% have stuck at very high price, and these are non-active investor (after they get stuck in Year 2021, there is no much transaction since then).

Then I asked again how many customer purchase? They answered me "Very little only, less than 10 customer buy, and mostly is intraday trader, earn 3-5sen take profit d".

So my conclusion is, a big chump of the stock have change hand from weak retailer to strong institution player on 15th May.

If coming few days price do not have significant drop, then most likely this will be the starting point for Glove stock bull run.

For Ekovest investor, please ignore the share price.
Focus on the Market Capital of RM1,300mil ++.
This is too cheap, really really too cheap for a company that owning few highway and RTS project.

99 sen is the All Time High for this counter.
Once break RM1.00, there will be no return in the future.
See you at RM1.20.

If today can closed at above RM1.23, tomorrow will have another great show.

Even there is only very little hope that the Merger & Acquisition proposal will have any update soon, but I still praying and hoping that Knusford can give us a surprise.
Everyday I am clicking on Bursa Announcement, hoping Knusford can have an announcement of Bonus Issue, Share Split, Trading Halt, Merger & Acquisition...

Please... Give me a 3:1 Bonus issue announcement.

https://www.youtube.com/watch?v=ZAXlddgkoZA

Grandpine has started to cover DANCO.
I think it is the time for DANCO to surge to 70sen level.

All glove counter has break 52 weeks high, except HEXCARE.
HEXCARE need to hit 35sen then only can consider breaking 52 weeks high.

https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-05-15-story-h-161668780-YBS_International_Proxy_To_Enovix_rsquo_s_Growth_And_More

Once again, YBS is potential to become the next Genetec.
Lets wait n see.

The best scenario is :-

1) Top 4 Glove stock limit up at the afternoon (5 minute after market open)
2) Then all the money will go into the 2nd liner (i.e. Comfort, Hexcare, Careplus, Adventa)
3) Then tomorrow the 3rd liner also move (i.e. Esceram, AT, Luster, Johan, LKL)

Today is short squeeze day.

No choice lo, coz Dato Eddie don't want to push up.

I start accumulate YLI since last year Oct/Nov'23 after they have sold the land.
From RM0.36 to RM0.44.
This is really the best performance stock in my portfolio.

@Sslee, Insas is a holding company, while PPHB is not a holding company.
Dato Sri TKK use Insas as a tools to control all his listed company (i.e. Inari).
He has no intention to let the Insas share price to go up, he will continue to keep the share price low, until one day all the minority shareholder leave it, then he will privatize it.
This is quite similar to last time BJcorp hold BJtoto, BJauto, BJfood, all the company share price has go up few folds, but BJcorp share price is still very low.
Other similar case like Goldish hold Midvalley, that time Midvalley share price every year up, but Goldish share price is maintain no move.

65sen is 5 years All Time High.
More to come... As this counter NTA is RM1.37, cash in hand is RM46 mil (equivalent to RM0.45 per share).
Current Market Value only RM67mil (based on share price RM0.65)

This counter at least worth RM0.95sen, based on 30% discount from its NTA.

Why Hexza is up today?
Is it they have disposed the balance 20,000 of NVDIA share at USD900 and above?

https://theedgemalaysia.com/article/what-does-eddie-ong-see-sws-capital

SWSCAP last time is a takeover target of Eddie Ong.
But after the BOD reject Eddie Ong proposal, Eddie Ong has quit and sold his share to MBL.
Now MBL is largest shareholder.
Everybody is waiting MBL's next step.

MBL, once of the most undervalue counter.
100% return is not a dream.

Up down up down is washing stage.
Once the timing is ready, it will be the time to fly.
RM1.00 is not a dream.

RM3.00 should not be a problem.

This SWSCAP will be a Black Horse.
The price is too cheap compare to its business value.

Suprising, this YLI become one of my biggest return (in percentage) with shortest holding period.

Cabnet just need 1 big contract announcement, then it will be limit up.
Hope the company can secured 1 big project, especially Data Centre Project.

PPHB is a undervalue GEM.
When the timing come, It will shine like a Diamond.
TP 1 = RM0.70 (Achieved on 10th Jan 2023)
TP 2 = RM0.90 (Achieved on 10th May 2024)
TP 3 = RM1.20 (Hopefully can be achieved within Year 2024)

57.50 sen is 4 years All Time High.
More to come... As this counter NTA is RM1.37, cash in hand is RM46 mil (equivalent to RM0.45 per share).
Current Market Value only RM59mil (based on share price RM0.575)

This counter at least worth RM0.95sen, based on 30% discount from its NTA.

Yup, finally all the hardcore PPHB holder have been rewarded.

Danco definitely will break 50sen anytime soon.
Then will continue climb up to 60sen, and then challenging 70sen.

If the coming Quarter Result is showing an encouraging improvement, with bright future prospect mentioned in the Quarter Report, and announce any secure any big project, then I believe Danco can reach 80sen.