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.
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.
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
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.
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
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?
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.
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.
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.