Glove theme suffers from burnt out. Similar to OnG last 10 years, slow drop like Armada, who can expect from sky high price drop to below 20 sen.
Havefun
Even AirAsia share price is 60+. I think bottom for supermax is near….

12 hours ago

If still drop for another year, taiko need to consolidate the shares and hopefully strengthen the share price?
Just wait China new factories start to throw prices or sell below costs.

UlarSawa

Then let it drop lor. How low can Taikor drop lah. Haiyoh. Correct?


Ppmaster

Glove counter will continue drop till next year

12 minutes ago

For those of you not in the know, the consolidation of gloves counters and world markets is still ongoing. China for instance recent established gloves start-ups are in trouble, markets are shrinking and growth is stagnant. The bullish stance by TG managers is just speculative. Even 10% growth per annum is not attainable.

Good morning, still the same face discussing this gone case counter. Dun waste time just have an early breakfast and watch "House of the dragon".

Good morning, glove mart continues to consolidate with prices moving downwards for some time.......

Good morning, words have got around that Maybank was charged a hefty rental for moving to 118 or rather to rescue the building owner during these bad times where there are no quality tenants.

Good morning, so cun Serbak targeted price & bankruptcy soon.

Good morning, looks like creditors agreed to 15 sen per 1RM of debt. Asset fire sale to the end? Shareholders sadly nothing left?

Russia probably will have to send a few nuclear missiles to Ukraine because its target accuracy is too poor.
Posted by nicholas99 > 1 hour ago | Report Abuse
russia should shoot an emp nuclear warheads.. disable all ukraine machine.

Wow to take it to the next level, Kitty should buy more and sit on the BOD. Fix the damage and the price will recover? An almost impossible task?
Mabel
alenac Slow fall 5 sen per day would eventually reached the bottom. gudluck for those still have the love for this counter. Will reach syndicate controlled price soon. Finally the road to ultimate decline.
12/07/2022 9:13 AM

Today SD volume not bad, despite KLCI is still having period like some Aunties here..No of Buyers is 9X and currently trading at 8 sen..

Still waiting for Botak or White Hair Uncles to sell to Mabel

Meow

Slow fall 5 sen per day would eventually reached the bottom. gudluck for those still have the love for this counter. Will reach syndicate controlled price soon. Finally the road to ultimate decline.

Target reaching?
lamdba
0.33 possible?

1 week ago

Good evening TG moving into the 40 to 60 sen range all the way?

Ongoing worldwide consolidation of glove markets. Looks like glove counters will be going south for some time. I think small-timers should look elsewhere for growth in their investment.

Good morning, Mad cat & Huang fight club still on? Wow! Looks like Serbak price target to reach the bottom soon?

Good morning, VT daughter Chryseis Tan Sheik Ling was also appointed. Can she change BJ Corp's direction? Or to warm the seat?

Oversupply of gloves due to expansion & new entrants plus low utilisation, like time bombs all appearing at the same time. Next will be consolidations of the glove industry before it can return to the norm.

https://www.theedgemarkets.com/article/glove-stocks-bursa-malaysia-fall-declining-asp-oversupply-concerns

Can cut loss after Divi and buy cheaper and later. The market is not going anywhere at the moment. Also, there are alternative investments such as gold and crypto for us to deal with.
moonasia
alenac, after large volume RI, ASB still can stand at 0.055?

1 month ago

Good evening guys, Serbak is swinging downwards as expected. Forget about gains as the counter will inevitably be syndicate controlled eventually. A better look is cryptocurrencies which are moving to the bottom and many choices to suit one's taste. The entry point is when the fear index sank to the bottom of between 1 to 5, when almost all losers have given up hope of any recovery.

Good morning, cat fights still on? Guys markets heading south and opportunity in crisis where many counters will be ready for easy picking, not Serbak though.

That is why many people believe value investing is dead. Good value stock moved down instead of up. The market is dominated by big players who can control the prices whether to drive them up or down.

Buy now & pray for another human viral disaster, bad karma.
Ppmaster
The price will stay low few years time,no money dun play

1 minute ago

You are right. 2019 EPS before Covid is 14.55 sen. At current level projected to be at 4.85 sen for 2022. At RM1 is fully valued going forward. If there is a price war & margin compression due to increasing costs of raw material and transport will be another 30% discount on EPS equals 3.39 sen perhaps in 2023 or maybe even losses.
DannyArcher
The best time to sell is when they say they got vaccine, the best time to reenter is when they declare the end of pandemic. Just wait… put it this way… even if TG declare good profit next year or next few years, it will just go sideways. So, why enter now?

1 minute ago

Before they die they have to dump & sell off the factory. Others will take over with the intention of making profits but it would be tough. Price wars coming.
Posted by ken2004 > 22 seconds ago | Report Abuse
New entrant? If even the few top one mention in red with no growth, new entrant will die faster........

Yeap, fairly valued 46 sen post covid. Or between 70 to 40 sen. Results not going to be rosy anyway going forward unless somebody out there decides to release another killer virus. In addition, many new entrants will be dumping gloves throughout the world.
Posted by Kim > 26 minutes ago | Report Abuse
rr88 :
Anything below 1.10 is cheap. Bcause its pre-pandemic level was 1.40. In due course, it will correct back to this level.

So 1.40/3 = 0.46

Downgrade my TP : 0.46 sen.

Seriously what does this alliance meant? Seemed like dominant Telcos are not joining 5G syndicates set up by the government?
RWG
https://www.bharian.com.my/bisnes/korporat/2022/06/966352/maxis-bentuk...

16 hours ago

Will Tan Sri tolerate when price start to drop till BJcorp ( another Tan sri, Danny"s Bro) price level
8899EL8899
tan sri in honey moon now,.......his stomach in full,.........sleep well,.......why should he bother about top glove & you,........wait until he wake up, start feeding again,........so cheap to swallow up,.......big appertite

Can we expect TG last quarter to be a loss?

From Top glove to Bottom Glove, how times changed.

Good morning guys, most KLCI stocks are moving down in anticipation of Feds tightening interest rate further and which may cause global recession. The rot is beginning.

Good morning guys, what's the lowest it can go? Someone said will hover around 35 to 70sen? Any comment here?

Wow delay in 5G and now satellite from SpaceX, all new techs sinking existing operator share prices. New competitors coming in expect intense competition in the net industry and existing funds are getting out from existing telcos.

Why price not moving? Simple answer: No paper chase. Only big bosses & funds start to chase then ........
Value investing is dead? Certain people said so.
nikicheong

Bumi Armada stock price will never fail to confound me. Oil is trading at near record high levels, with supply set to be constrained for years/decades to come. More and more marginal fields are due to be developed using FPSOs going forward. The opportunities in the FPSO market are aplenty, and Bumi Armada is finally in the right place, financially-speaking, to take advantage of these opportunities. On top of that, there is a booming FLNG/FSRU and other green floating platforms market out there that Bumi Armada is also hoping to tap into. The company has cut its fat (read, the OSV vessels), reduced debt significant and can now re-gear when the need arises. Operationally, all its floating assets are sound. The performance at Kraken over the last 24 months has been admirable, given the dire situation in the 2017-2020 period. Additionally, Kraken and TGT1 are highly likely to see their contracts extended in 3 and 2 years time respectively.

I can't and won't make share price predictions, but Bumi Armada is severely undervalued at current levels. Why? I have no idea.

1 hour ago

0 seconds ago

Good morning, still certain people are dreaming of china's greatness. Face reality, China market is still dependent on USA consumption. Even people in collapsing economies like Sri Lanka, Nepal, Turkey & Venezuela are desperately looking for Uncle Sam's $$$$$.

Posted by Cupcakes69 > 8 hours ago | Report Abuse

qqq3333

America will collapse eventually, but not before the PRC collapse first.

Good evening, any delay to foreseeable liquidation will be played out soon when the loan as promised to the creditors is not paid. Chef & gang still buying time.

If what you said is true, that Chef again is trying to fool creditors. Secured creditors or others cannot be so stup*d as to swallow everything they proposed?
Mikecyc
Haha you had been hibernating for 7 years ...


Posted by Huangbk72 > 29 minutes ago | Report Abuse

Lets look at 2nd sales item.

Company : Chakravarthy Technologies (P) Ltd
Paid up : RM2.5 M
Financials : Never audited nor submitted
Business : Machine Milling
Factory build up area : 6,630 square feet

This company worth RM145M? Who is so generous..

But in seeking RO against creditors in court, they have to say that they are able to pay 100% in court, if not it may not be justifiable to avoid court order liquidation.
Posted by Huangbk72 > 19 minutes ago | Report Abuse
No fraudulent company in the world will admit they are lying..

Huangbk72
So another management pack of lies that it is able to settle 100% of liabilities or it is a formality that they have to say so to avoid liquidation in court. In whichever direction Serbak is doomed.
@alenac
By virtue of winding up petition by banks.. it is 100% confirmed fact that SD debts is more than its real assets.

12 minutes ago

Are any of you guys free to spend time going through Serbak bonds and lending documents to see what assets are secure and how much each creditor will get and how much is left after the distribution? The fact will disclose the actual valuation of the company and whether it is still a going concern?
superrr
Huge defaulted bonds payment, and so much fake news. What else to expect ?

15 minutes ago

Good morning, salvo after salvo of bad news for Serbak, default after default. But there are still bravely hearted looking for windows of opportunity. There are thousands of counters in KLSE where opportunities are even ready to reap without the corresponding risk as in Serbak. Goodluck.

Some of them kena fried until SD (Sudah Dungu).
Posted by superrr > 29 minutes ago | Report Abuse
Mabel has became a SD egg garam indeed.....hahaha might as well fry with your backside...

Wait for the big boss to Goreng, then this counter will move.

From Day 1, the huge salary of the CEO does not justify ever defending any rescue of the company in the name of assisting bumiputra employees hanging to their jobs. The company is not a welfare organization nor a charitable one. This was missed out in the debate between Anwar and the head of Klepto. The reason why most Malaysian government GLCs failed in their profit-making objective and in reality should not operate like welfare or charity organizations.
Compare all O & G GLCs with independent companies like Yinson, Armada etc. These companies will be able to weather any economic turbulence much better than GLCs because all resources are efficiently utilize in these organizations, no burden of carrying unproductive passengers.

Yes, I am not a shareholder. So it's up to people here to group or even better if can combine with funds that lost money in Serbak. Ideally those who bought at RM2 and lost all the way down or disposed since May 2021 and incurred losses.
alenac,
You can only do that
"IF YOU ARE THE SHAREHOLDERS"

I do not think you understand. Take civil action to get compensation from management personally for defrauding shareholders.
Posted by Michael R. > 2 minutes ago | Report Abuse
waste of time.. end up just being fine and they could even pay it.. then what is next? The real problems are lying in our weak market.. most of the time are in red...

Good morning, fight drama still on? Better you guys discuss how to take up shareholders' civil action to sue Serbak top management for defrauding & misleading investors. Isn't this a preferred way and maybe perhaps obtained some satisfaction instead of being keyboard warriors.

Continuation of the pact of lies, vertical collapse of Serbak
Cash_Is_King
https://www.youtube.com/watch?v=71Jy2STERdQ

4 hours ago

Latest Chef shares of 13,450,000 disposed and more disclosure to come? Going to fly? Check whether your fly is zipped.

Yeah, but for a while, after that maybe a big price collapse because there is nothing left, the wolf has emptied the chicken barn.
cheahgood
Yes the only way to gain investors and bankers confident is to kick out the culprit (karim) and his con-man gang out of Serba. This is management issue. I believe if those culprit out from serba, definately the share will up.

Many day traders punting around 300 + buyers hoping to make a few RM. If the market turns .05 sen they will sell.
neohts

Everyday got a lot of buyer and seller.
Who is actually slowly accumulating with such a big volume ?

4 minutes ago