EGM result after lunch break

T2 +1 today for contra

KYY idea is straigbt forward invest in business he understand. Construction was his past favourite NOW he is investing in glove
Production { not too complex engineering process where lines and capacity automation & costing are the main criteria. Partly related to his experience

KYY like to dabble in small cap stocks unnoticed by others { after accumulating then KYY will slowly goreng up} that's the name of the game.

Everyone has thier own preferences and trading ideas. Just be constructive and share your ideas. During this trying times tough to make $$$ unless. You hit the right counters

Glove producers are the theme play. Look at TG price up +65 % in just 3 months. 4.35 in late Dec now trading at 7.20 { today closing} same applies for supermax and other glove producers. Other health related products or industry also up in tandem with the theme play.

Never never trust this IB 's call.

So called wonder stocks must scruntize with a fine comb and do your homework { price vs peer comparison and current scenario } before ploughing it. Remember promoters always tell a good story

Gloves usage has increased multi fold. Non medical workers and others also use gloves for household and cleaning purpose. In hospital and clinics gloves are discarded aftereach usage. Doctors, nurses, medical assistant even cleaners use gloves. Rubber and nitrate gloves are disposable materials unlike your gardening gloves

Banks big u turn on automatic loan deferment moratorium {bad for people but good for their bottom line}

FY ending January 2020 record a loss of 4.5 billion { excluding EBIT} is frightening. Cash flow is negative with banks putting a stop on new financing { eg Hin Leong Oil in Singapore } damming prospect with Petronas scaling down capex and putting on hold new current development. Sapura slipping to PN 17 is real pressure on any recovery. are we looking at PN 17 ?

Gloves demand usage jump 10 times. All gloves factory in Malaysia facing back logged orders running till Oct - Nov period { caused by MCO lock down} government only allowed 50% during the initial este tial sector. Labour shortage and logistics further compounded the back logged. USD trending up and oil prices record low oth indirectly benefiting producers. Expect the coming 2 - 3 quarters super result from glove manufacturers.

Suspension IDSS till end June should stabilise banking stocks

Gloves is the theme play in 2020

Contra trade {profit taking} on glove counters

T2 +1 from last Friday

Alliance bank valuations cheap but counter underperforming

Higher price for Ansell acquisition - indirectly beneficial for carepls shareholders

Daily day trade - {profit taking} is expected. Contra play"s normal. look at comfort gloves the same pattern {before jumping higher and higher week after week} just my own view

HLT is a glove dipping line machinery supplier { edge financial}. Thier subsidiary enters a agreeme t to distribute covid test kit. Many companies { China, Taiwan, Korea} supplying test kits. Our Health ministry is sourcing from 2 Korea companies but not China made test kits citing reliability issues. The test kit are unable to give a accurate readings or reliable test result { based on our DG explanations at the health ministry daily press briefings}

The EGM notice was issued on 17 April prior to MCO extension announced by PM yesterday evening. All proxy forms lodged previously lodged are deemed invalid { as the date of EGM changed} based on the notification issued 17 April last date for lodging is on 4 May { prior to MCO extension extension }

Japananese candlestick bar chart showed very bullish n strong uptrend signal. Keep our fingers crossed for more uptrend action with high volume and prices recorded. Or are unseen hand telling uncle starting his move. REMEMBER how li hen, Jaks, dayang jump

After tabung haji selling substantially thier stake holdings now epf turn selling . they
must know something we don't know

Glove counters are the real beneficiaries of this pandemic

The loan burden is Hugh. Despite the rights they are still facing cash flow issue. Without cash flow all business will fold

Go for the glove manufacturers underperforming and not overvalued counters. TG and Harta has jump 30% in valuations. KYY golden rules low PE, upward trend, 2 consecutive qtr reporting profits, turnaround counters still applies. just my personal view

Older companies always have the issue of adapting to the fast changing landscape. We have seen the 2nd or 3rd generations run companies trying to expand thier families run business into something new. WITHOUT the right expertise or going into another country dooinng business is big risk { especially using borrowed funds} in today landscape spells trouble.
NEVER invest in countries where laws can be changed or fundamental human rights never respected or sometimes mob rules prevails. We have witness how the 97-98 reformasi movement in Indonesia degraded into open rioting when hundreds and thousands of its own people murder by the rioters. History teach us something the politician never learns.

Petronas & major oil companies around the world are deferring or reviewing thier capex for this year and next year { oil prices has slumped 50%> from USD 75+ to below USD 28 - USD 30 price range. All O & G were be hit irrespective local or otherwise

B20 not feasible as a feedstock for biodiesel { much higher cross subsidy by government vs current low oil prices}

Yup. Just my own personal view. Big block of shares park prior to closing at noon. Only operators have the means to key in the big order. retailers have limited funds or resources

operators to accumulate sizeable free float market share prior to distribute stage. Best means to put up huge blocks to discourage buying plus multiple trading platforms.

Stay safe & stay healthy bro

No issue - we share what we know tq

There are certain things we can avoid and refrain from buying Hot tips { stri tly for trading not for investing or holding} certain stocks for dividend yields { eg reits} others for capital gains or longterm compounding. Above just my personal view always used believed trade within your means

Never I infavour of margin trading { despite KYY much taunting of margin miracle} banks and brokers are fair weather friends. they dump you and harass you once the good times disappear and harass everyday to top yp your margin before noon { if not force sell} always advise people play within your limits.

All listed companies have deferred their AGM, EGM etc due to MCO lockdown

Look at thier experience. PAS mp are inexperience when comes to running business. FGV is a mega corporate structure with multiple business. Tough times and uncertainty need experienced corporate entrepreneurs not politicians

KYY likes margin financing. Play big win big his motto

KYY got hit Dayang & Jaks

Dayang and Jaks are 2 clear examples when KYY was accumulating and prices was trending up { until the reversal he was still asking people not to be afraid and hold on despite the price reversal and unfavourable news cropping up}. Nevertheless always do your homework and read any articles with a open mind { any buy call or sell call by IB} need to understand the factors. some IB price targets are too optimistic { really wonder do they really know the current market conditions}

Top Glove {CEO} says all their lines unable to cope with the surge in demand. The backlog stretch till November. Expect all glove makers in the same happy dilemma. Carepls factory is no exception plus Ansell {the new partner}is big in the Europe market. The worst hit covid areas is Italy, Spain, UK and not forgetting Donald Trump { America} . Usage in public health care hospital jump 20 times based on CNN

Everything on hold with the MCO extended till 28 April

Lost 30%-35% of the market value since the rout

MCO extended till April 28
,factory closed sales halted

Clothing and stores will be worst affected. sales will be hard hit with MCO extended till Apr 28

MCO extended till 28APR

This is something we have not seen before. Nobody knows the market direction. But I believed and hope the market will normalised after the covid 19 is contained. Trade will be slow and demand pl may be lethargic { it will take time to recover} nonetheless wishing everybody a good Friday and keep our fingers crossed for better things to turn the market around

The slump in oil prices has hurt all producers. US, Russia 1and opec feel the pinch

Tsh estates have high yields. thier own palm clones " dolly plant" is easy to harvest unlike the older estates unable to get tall palm harvester. In addition their Kalimantan estates & Mills are located nearer to ports { easily accessible} unlike the latecomers where the estates are located in remote sites. worst still relies on third party Mills to process their estate'crops

Hopefully all the bad news already playout. Shares badly batter and hammer down by covid 19 rout. Majority of the counters down by 40% or more. Retail or IB ' s also hit