This could explain that EPF still collecting the share was sold last year from >7% till now <5%.

What I mean is due to THE PEAK issue, EPF still can 'goreng' the price & push the price till 0.25 cents . Now with good news about JB Iskandar zone, company should use this opportunity to publish the recovery plan for THE PEAK in order to boost the share price but seems like company director still waiting the green light from syndicate for announcement.

Now all the projects contributed profit but only THE PEAK still loss with big amount of LPD.

@unclefollower, I agreed that currently share price pull back was due to market sentiments. What I would like to said that the price will not have big jump like UEM or WCEBHD as you can see for few years ago, GBGAQRS price is much higher than these 2 counters.

If THE PEAK problem still pending to solve, share pricexpected to be THE LOW.

Based on previous quarter report, >50% of profits from various projects need contribute to the loss of THE PEAK abandoned condo.

Now only can do is keep the shares at safety box & lock it until price break through 46 cents. No point to keep on checking the price unless THE PEAK issues being resolved

Price push down by EPF might due to too many retail investors keep holding the share & EPF not able to collect back the shares they sold at lowest price. This might be a reason GBGAQRS company so silent now waiting instructions from EPF before announce the update about 'THE PEAK' future plans & actions had been taken.

Seems like share price will move in narrow range until THE PEAK CONDO abandoned issue being resolved.
Later update:
Name changed from 'THE PEAK' to 'PUNCAK TEBRAU'.
Project progress changed from 87% to 41%.

Based on report, 3.5 million loss to pay LAD for THE PEAK JB. 4 quarters will loss 14 million. This is huge loss & will be continued for each year until THE PEAK condominium JB abandoned issue being resolved. Top management really need to take immediate action to stop the bleeding. Share price will continue remain at lower price. No hope for this company if want to play short term while waiting the problem to be resolved.

More then 50% of profit need to pay for LAD , THE PEAK abandonced condominium at JB

The profit still impacted by LAD on THE PEAK condominium project which STOP after 87% completed. Company is not honestly update the THE PEAK status in report.

Glove monthly ASP

Date ASP
202101 79
202102 77
202103 82
202104 82
202105 81
202106 81
202107 74
202108 61
202109 48

https://www.youtube.com/watch?v=Dj72EhxXrJM

来百利现金充裕

针对手套平均售价（ASP）下滑一事，王子铭表示，疫情爆发初期ASP涨势惊人，手套公司因此而受惠，来百利也不例外。

“任何商品售价暴涨，不可能永远站在高位，自然也会面对调整，是迟早的事，只是手套ASP的跌势太快了，有点出乎意料之外。但手套的需求依然很强稳，且来百利手握3亿5000万令吉现金，足以应对。”

王子铭补充，股东一直要求来百利派息，但公司选择保留现金，就是为了应对无法预见的风险。而且，充裕的现金可以让来百利有更好的选择。

Now regardless big4 or small 4 all drop. All glove company will up & down at same time.

Foker, your should go to Comfort forum to share your opinion/analysis with all your supporters. Rubberex forum is not suitable for you to promote Comfort. You have to accept the fact that even all retailers switch to Comfort, the price will not up as you wish.

Foker, thks for good comments. Hopefully you can be rich through investment. Cheers...

Now a lot of bad news for glove company causing price keep on dropping. It is good chance to topup to average down the price or just waiting & waiting? I can't predict when will be the lowest price, what can I do is follow the plan to slowly accumulate the share & hold till next year end. At the end making profit or loss I have to accept it. This is my choice.

Below is simple calculation for FY'22 revenue & estimate conservative profit with 7.5B additional prod at mid of 2022

Total glove sell = 1.25B (1st half) + 5B (2nd half) = 6.25 B
Average ASP/1000pcs = USD30 = RM 120 (The estimate price by research for 2023)
Profit margin = 25%
FY'22 revenue = 750 mil
FY'22 profit = 187.5 mil
FY'22 EPS = 21 cents
PE ration (0.76) = 4
Estimate dividend = 5 cents (6.5% based on 76 cents)

Stable means the range of profit & loss will be small. For investment with target 1-2 years, I would choose Rubberex with 300% prod expansion & management team to grow Rubberex to next level if compare to comfort. Company will back to net cash next year once expansion project completed at mid of 2022. This is my opinion & not to influence others.

PP price at 0.80 (initial was 0.92). Any price below 0.8 is worth to buy. This is based on my analysis but might not suit you. Take note that you must consider 3x before buy. Once bought, you have to face either making profit or cut loss..

Price fluctuation will not bother by long term investors.
Shortist investment are usually hope the price will fly/rebound within 2 weeks but they go for long term b'cos of price continue drop.

Continue buy in 0.765, 0.76 & 0.755 to average down the share price.

If you are real investor, don't influence by recent price trend. You should focus on company activities & business to see whether it continue grow as per plan? If yes, continue hold the share & top up if share price under value. If no, then you have to consider cut loss.

The reason I start to invest at price 0.785 is the production volume will increase from 2.5B to 10B at mid of 2022. with 300% additional production, although the ASP dropping from USD90 to USD30, Company can still making a big profit. Just do a quick calculation for 10B glove, ASP USD30, profit margin 30%, the FY'22 profit will be 360 mil, EPS is 39 cents (915 mil shares). From investment prospective, I willing to hold the share for next 1 year. If company start to distribute dividend next year since 400 mil expenses for prod expansion completed. Then I will consider whether to dispose the share at >RM1 or continue hold the share & enjoy the dividend. This is just my own analysis. You have to invest based on your risk assessment.

If you think the price will drop further, don't buy now. Pls setup the target price 0.7, 0,6 or 0.5 to buy in. Once bought, don't sell until hitting your target selling price. keep for at least one year. If you think Ruberex will bankrupt within one year. then don't buy & keep away from this company.

In fact, major shareholder Hextar/Ong Choo Meng sold 110m shares in Apr this year at prices above RM 1.4 during hot market period. Which is 14% of total hold shares. Share holding from 51% drop to 37%. As what I can said, Ong Choo Meng is smart to play in share market by buy/sell the share in order to control the Ruberex with lowest buying price. Now, he continue using the same tactic to push down the share price & accumulate when price continue drop to his target price. He will said thank you to retailers who help to push down the share price by frequently buy in the share & cut loss at lowest price.

If able to maintain 90M profit by quarter, then yearly EPS will be 40 cents. At current price, 0.785, the PE ratio will be 2. Just be patient to hold the shares if you are using extra money to invest. Don't drop to the trap of syndicate & rushing sell the share at cheaper price if you still thinking to cut loss. This is just my opinion. The money is yours, you should manage it wisely.

Continue top up at 0.785 & below. Investment is boring but need to be more patient. Focus on target price instead of daily monitoring.

Pls consider the prod volume will increase from 2.5B to 10B next year which is 300% more. Means even the ASP drop 50%, the profit still maintain or better than current quarter.

Shopping mall will be recovered once vaccine delivered. Seems like syndicate pushing down the price

Anyone know when section 4 will be open? It supposedly open by this year 2020

Thank you Choivo for details analysis.

Good sell down. Tomorrow might have chance to buy below 30cts

Slowly accumulate at price with 40% discount from IPO 0.64cts.

DIRECTORS’ SHAREHOLDINGS IN THE COMPANY
(AS PER REGISTER OF DIRECTORS’ SHAREHOLDINGS AS AT 4 MAY 2020)

Name.......................................... Indirect...................%
Datin Mina Cheah Kim Choo... 528,607,488.......... 74.89

Ya, continue Q below 0.20.

Buy

I'm waiting..20cts..a dream....but before drop to 20cts, I will slowly accumulate if drop below 35cts..

Cheap sell by Urusharta Jamaah Sdn Bhd. Sell/buy/wait???

As at 31 March 2020

30 shareholders total

774,092,890 --> 93.08&

Name of Substantial Shareholders
Direct Interest Indirect Interest----No. of Shares............. %

Khazanah Nasional Berhad# - - 574,967,925................ 69.14%
Urusharta Jamaah Sdn Bhd ------48,313,300................ 5.81%

Buy

Buy

buy & keep.

Really? fly tomorrow?

Big shark still accumulate the share. Now only waiting, anytime can fly.

Buy

Good FD counter with >10% dividend. Buy