I'm thinking financial hubs can be setup in Johor to be in synergy instead of in competition with Singapore. Singapore cost of everything is skyrocketing, Johor is an option for a nearby secondary site. You can hop over the causeway to have a meeting and then back to Johor in time for lunch.

It's an upside no matter how we look at it if the concept is synergy, not competition.

Is this another Serba in the making? Cook the books and maintain the fake facade until the compensation matter is resolved? Lotsa sick and dying companies in Bursa at the moment.

I'm guessing gomen gave instructions for EPF to start propping up other 'weaker, local' counters at the expense of greater profit and stability. They're doing the same thing to Gamuda as well. I think they didn't do Sunway dirty as well. Gomen going to pump Iskandar Puteri. The selling happened around the same time the news broke.

Get ready guys, I've got a really good feeling about this. Sunway is about to trend upwards with the QR release.

It's a public listed company. Millions of shareholders big and small. I'm borrowing money for the company, not for personal use. I'm asked to guarantee it with my personal wealth. Isn't it short sighted and simple minded if a person agrees to provide personal guarantee for a loan to a company with thousands of shareholders? Oh well

Have you guys received your Supermax Share Dividend?

Mah Singkalan, a hardware vendor decided to sell bubble tea

No bottom, everyday shed 1-2 cents. Dead stock.

Market manipulation at its finest. Depress the prices of an either sector.

Sigh, Gkent, gloves ASP normalizing so rapidly, when you enter, what do you hope to achieve?? Same boat as Mah Sing(kalan). How about bubble tea or hot pot business since you lack original idea?

CBP cannot ban two major glove producers simultaneously. They need the gloves.

1) When they ban Top Glove, the got their supply from Supermax. Allow TG to resolve their issues.
2) When they ban Supermax, they get their supply from Top Glove. Allow Supermax to resolve their issues.

Nothing truly negative about it apart from short term pain.

https://www.digitalnewsasia.com/digital-economy/sunway-huawei-collaborate-advance-digital-transformation

Mah Singkalan, since you guys got no original ideas, how about the boba tea or durian business after this?

Can Mah Singkalan glove business survive when ASP drop to USD20-30?

LubeTrader, the other day, you mentioned about some fella picking up tickets. Looking at the trend for Tasco, would you see a potential upwards trend leading up to the CNY period?

Wah, transport sector today on Viagra and Steroids. What's the flashpoint?

To my knowledge, international shipping has a heavy backlog. Is this the start of the build-up for end year goods movement, i.e. Christmas + Chinese New Year.

Is Gkent still pursuing the glove business?

Why did MahSing decide to enter the glove business? Seems like a desperate move to remain relevant.

Reminds me of the Boba tea craze. Suddenly everyone entered the business with different names.

Someone wrote about Supermax being a different beast as compared to pre-pandemic and had some numbers, anyone remember who posted that? Very informational.

Guys, how will the RM2billion rights issue affect the future outlook for this counter? That's a lot of dilution.

Oh my Tasco, a retreat after a brief advance. Money flowing from Tech Stocks into penny stocks

Hey guys, anyone heard anything about the planned Plant 18 venture in the US? The last news was that Plant 18 would kick-start in 1H2021 and commission in stages in 1H2022.

Share your insights and info guys.

Who is that fella ?

Isn't Tasco a foreign subsidiary. 51% requirement doesn't affect international companies? That's my understanding.

Ular Sawa, if TG maintain 500million every quarter (as part of normalised ASP and sales volume) for the next 10 years, ok bo?

Gtrade does have a point, what happened to TG cash reserves

Smooth operation, no lockdown, no cut in operating capacity = MYR2billio
10days shutdown + 50% of factories operate at 60% capacity + ASP normalise as did other glove companies = MYR600 million

Caveman = "WTH, why drop profit? How come? Bankrupt??"

That's the reason why we can never have good things.

That is correct. TG is reporting the results for the quarter where MCO came in full force. Literally:
a) 10 days cease of operations; AND
b) 60% capacity for the entire quarter; AND
c) Affected 50% of all TG factories; AND
d) CBP ban.
... and all that still gave you 600 million.

Now that the coast is clear, for those Dota freaks, LAKAD MATATAG

So instead of earning a clean 1.4billion from Malaysia operations, they only earned 350million because of the 10 days downtime and the 60% capacity for 3 months. Fair enough.

Performance was also affected by the Enhanced Movement Control Order (EMCO) during which the glove industry in the state of Selangor was not allowed to operate for 10 days, which involved 50% of Top Glove’s factories; as well as a subsequent round of the Movement Control Order during which the affected facilities were only permitted to operate at 60%. The reduced output adversely impacted utilisation, driving costs upward.

Brothers, it's Friday la, big investors won't enter market on Friday for fear of developments over the weekend where they can't cut their risk.

Say you want to invest MYR500million, will you:
1) Do it on Friday and risk shet happening over the weekend where you can't cut losses?
2) Do it on Monday where you can cut risk immediately on the next 4 trading days if there are big change, i.e. news not correct?

Shorties ... Sell high, buy low. Short at 3, need to go back down but can't go any further as fundamentals won't allow.

IBs ... Buy low, sell high. Own boss trash own counters, can't move upwards.

Stagnant for 2 years. One stick, two @sses.

Glove counters: *just existing not creating any headlines, making a living and zen*

And then the trolls appears from behind the garbage bins...

Troll 1(Maybank): Decline! Decline! Sell everything! Sell your mom as well!
Troll 2 (CIMB): Yaya! Decline! F@rk gloves! Who needs gloves?!

Glove counters: *just existing not creating any headlines, making a living and zen*

And then the trolls appears from behind the garbage bins...

Troll 1(Maybank): Decline! Decline! Sell everything! Sell your mom as well!
Troll 2 (CIMB): Yaya! Decline! F@rk gloves! Who needs gloves?!

Glove counters: *just existing not creating any headlines, making a living and zen*

And then the trolls appears from behind the garbage bins...

Troll 1(Maybank): Decline! Decline! Sell everything! Sell your mom as well!
Troll 2 (CIMB): Yaya! Decline! F@rk gloves! Who needs gloves?!

MahSing entered the glove business at the time of decline. I believe management had no other sectors it can diversify into. So now if the big 4 gloves decline, is there a reason for MahSing to shine?

Asking the real question here.

Hahaha, good one @invest icon

@ViWizard why suddenly come here and troll?

Holy shet, freakin wholesale share buy back from Top Glove. Firepower demonstration that cash is king.

Sunset = oil and gas due to renewable energy

How can glove undergo sunset when it's a requirement in many aspects of medical and manufacturing ??

The partnership with Netflix should have came in earlier. The idea is that, those that actually WANT netflix has already subscribed to Netflix.

The question now is that, how many outliers remains that want Netflix but couldn't afford netflix at the current subscription cost?

What differentiates Harta from the other glove companies? Does Harta gloves offer more protection or higher integrity? Everyone seems to be stating that it's underpriced while the other big glove counters are hovering at RM3-4 with low PE.

Oh well, glove companies are primarily owned by Chinese. Please do not think that the perasaan hasad dengki is prevalent only among the commoners. Even among the highest echelons would love to see the demise of Chinese billionaires.

Lmfao, Supermax PE 2.83, lolz.

I can foresee a situation:

Supermax reported Q42023 earnings of MYR400 million at a share price of MYR0.50. Announce 20 cents dividend.

Even in the situation above, trolls will still be yelling about glove decline.

Can't do much about it today, it's still pretty much T+2 selling after the surge in buying on Monday and Tuesday. I can surmise that a large portion of contra players have been weeded out. The bulk of it went to buyers at a price above 1.70, which is promising moving forward.

Cheah family, if you're reading this, please don't drop the ball in the coming 2 weeks. The momentum is there and both Malaysians and Singaporeans are looking at you to maintain the performance.

Israel funds are looking at securing stable supply of gloves and is looking at Malaysian gloves counters ... rumours

If all gloves companies go private, I wonder which forum the trolls will go and which industry the shorties will target next. Probably the following:

a) Oil and gas ... "Sunset industry!" "Non-ESG!" "Save the dolphins"
b) Palm oil ... "Non-ESG" "Save the Orang Utans"
c) Rubber ... "We don't need rubber! Bring back square wheels!"
d) Banking ... "We don't need banks! Digital wallet and crypto is the way to go!"

Now I understand why in the upcoming AGM, Sunway wants to establish the re-investment of dividend. We're probably going to see some healthy dividends in the coming quarters. The next big thing for Sunway is the re-opening of the economy, continuous headlines on being the ESG champion and digitalization of their property arm.

You must also look at the traded volume. There must be a buyer and seller. A bunch of contra sellers vs a bunch of willing buyers at 1.7.

The ratio of buy:sell queue is 3:1 today.

Need to get EPF out of the picture and this stock will fly. GIC from Singapore support Malaysian company. EPF support foreign companies. #itsonlybusiness #pedulihang

It's T+2 selling. There were many contra players trapped because suspended on Wednesday. So now weeding out contra players. Low volume at sell queue.