rr88 Exuberantly overvalued. EPS = 70mil/1.13 bil = 6 cent.

No, if your main customer is Dyson.

Wah. Already start discussing what happen when TG take over.

From 58 sen to 97.5. Bloodbath at adventa at 2.30pm ... R.I.P

Q2 Jul-Sep result will be nothing spectacular but better than Q1 due to some trading activities with ATA & Jabco, Q3 Oct-Dec Denko combined profits with IMS impaired provided proposal acted on time.

Q4 Jan-Mar, low business months in Dyson supply chain cycle but still higher than Q2 as IMS fully consolidated.

Next financial year will show full profitability. Profit will be > RM100 million at least unless they screw up Dyson business. You can confidently work on PE 20 times.

Only opinions from this fellow that fellow even all the way from Nikkei news.

Adventa kena goreng. Terang Nusa separate business only boss the same.

Wait for it to come down to below RM1.00.

The Edge reporter just quoting his own opinion. Everybody has their own opinion. It's a dime a dozen.
As a true journalist he should first ask Bursa why it allows Adventa to goreng if he really thinks that unlisted company is the target. Maybe he's just a prostitute with a pen.

ATA and Jabco operations will fully reflected once the proposal is carried out. Their prime contractor business with Dyson is comparable to VS and SKP. Dyson brand is wide accepted in Europe and US and command premium price which in turn unlike Japanese, Koreans and Chinese OEMs, their prime contractors enjoy extremely lucrative margins.

zefftan, if the target is an unlisted company under Aspion, how does this acquisition benefit Adventa directly even if they belong to the same boss?

A lot emphasis on capacity growth in gloves and not so not different line of product.

Datuk Thai just completed the five stages of loss to BN, denial, anger, bargaining, depression and acceptance.

RM1 billion is not a lot of money today. Why spend all to buy its shares? Still have for reserve some for plant expansion and operations.

pharker is right Top Gloves only need 51% to consolidate Supermax revenue. It certainly has all the major shareholders in the pocket. Keeping the listing status is also invaluable.

Why would Top Gloves want 100% ownership and lose its listing status?

MoneyUp888 is right. Deal or no deal.

On the other hand, if the negotiation is still on going, Top Gloves would not have made a public announcement stating that the deal is 99% in hand.

So everyone except for those insiders privy to the deal are only speculating here. For all we know, it could be an unlisted entity in which case such announcement will have no impact on the targeted company's share price.

Top Gloves doesn't need to buy out 100% just the major shareholders' stake to assume control and consolidate revenue and share its profit.

Just a conjecture here. Both Top Gloves and Supermax price is going up in tandem today.

http://www.mrepc.com/marketplace/public/supplier/products.php?userid=112

The target company must be substantial in order for Top Glove to achieve double digit growth. Comfort whilst growing is still too small.

Supermax does. Top Gloves doesn't need to acquire 100% as long as majority stake.

In terms of market capitalization the other top three are above RM1 billion, Comfort may sound possible at RM540 million whereas Rubberex is only RM186 million, the premium may be rather too high.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7113

Top Glove net profit increased 50%

Not to forget, glove selling price is bound to go up in tandem with latex cost recovery.

The volatility in gross margin apparently is only timing difference effect. A growing company like Comfort will not be impacted by such short term changes as long as their sales and production volume keep increasing.

http://www.thestar.com.my/business/business-news/2017/09/12/brace-for-higher-rubber-glove-prices-says-trade-body/

The Group registered sales revenue of RM 114.6 million for 2QYE18, an increase of
22% over 1QYE18. This increase was due to the increase in the sales volume of glove
albeit at a lower selling price. The lower selling price was attributed to the gradual
decline in the raw latex price since April this year.

I think the selling price were pegged to global market raw latex prices which was declining during this period. But their cost of purchase for the latex used in production were bought at a higher price prior to 2Q18.

But since June this year, latex prices has been recovering which would eventually result in higher selling price and lower COS in 3Q18 (as raw materials have to be procured much earlier during latex price downtrend).

So next quarter will see a better gross profit margin. And it seems like their sale quantity continue to surge upward, hence couple with higher selling price and lower cost, Q3 may yet see record profit.

As michaelwong posted on 14/6, syndicates may be suppressing its price at the moment or perhaps we may have to wait for Denko to reveal its full potential profitability before the price start to move upward.

The Foo family bought out Denko's shareholders via reverse takeover and injected two major profit making companies ATA, an assembly manufacturer and Jabco, which specialises in air filter. Combined these two operations would provide substantial profits to the Group as they together with existing subsidiary Winsheng, an injection moulding company are part of Dyson Malaysia supply chain.

ATA is one of Dyson biggest prime contractors which makes various vacuum cleaner models at their plant in Senai, Johor. The other prime contractors listed in Bursa are VS Industry and SKP which also draw most of their profits from Dyson. Jabco at the moment is Dyson sole air filter supplier.

As an indication to future profitability of Denko when once all these 3 companies consolidate their earnings under the Group, VS and SKP would provide a fair measure. Take note that both VS and SKP net profits are in excess of RM100 million each with PE 21 and PE 17 times respectively on the back of 2.8 billion (VS) and 1.8 billion (SKP) turnover.

Also consider this fact. Denko total number of shares is only 104 million. This counter is definitely way under its intrinsic value.

anyone knows what to make of the announcements today? the son transferred shares to joint family account

latexx partner factory. comfort factories in matang not kamunting

fake news. there was any fire