seems to be well supported for now...

I suggest we wait another year to see the impact of overcapacity. We should invest, not gamble. Remember, "no price is too low for a bear or too high for a bull"

News from a few days ago

Pfizer CEO is 'very confident' the company's oral COVID-19 pill will be effective against the new variant
https://www.businessinsider.com/pfizer-ceo-very-confident-antiviral-pill-works-against-omicron-2021-11

BioNTech CEO says vaccine likely to protect against severe COVID from Omicron
https://www.reuters.com/business/healthcare-pharmaceuticals/biontech-ceo-says-current-vaccine-likely-protect-against-severe-covid-omicron-2021-11-30/

Pouletroti, the margin of its Trading division seems very low. Manufacturing division was impacted by lockdown. Workers could not work but there were fix costs that they had to pay (ie salary, rental, bank loan) during lockdown. Many companies have similar problem during July-September and their quarterly reports (QR) are bad but next QR should show improvement.

with the limited information that we have right now, it is a gamble to keep glove stocks. We do not really know for sure for a week or two. Besides, the vaccine maybe available sooner than the last time. So, I think we may not have that kind of golden opportunity like last year.

Did anyone attend the AGM last week? Please share any info. Thank you!

Did anyone attend the AGM? Please share any info. Thank you!

"Despite intense engagement over the past six weeks, we have not seen sufficient progress..."

Management need to answer this. They should have done their best to resolve the issues, die die must do everything.

I would rather they use the money from plantation to expand their EMS business and do not ask money from shareholders in the future.

everyday got big sellers dumping their shares. Retailers are the ones suffering as the share price drops lower and lower. I still think it is better to sell your shares now and buy them back later as its share price is higher than pre-pandemic. Better be prudent as revenue and profit are going to be ugly in these 2 years. If you do not sell, other sellers will especially those big sellers. They have been dumping their shares non stop for almost a year now and it is still ongoing...

Want2MakeMoney, I assume you are referring to Sonos. If so, it may be related to raw material cost and logistics

QR is ok but as highlighted by a few members already, deposit from customer drops drastically, which points to bad quarter ahead. Dividend is lower than expected so most likely is not going to support its share price.

Just read from somewhere -- "No price is too low for a bear or too high for a bull"

good day to sell...

Pinkrhino, I can not verify anything since the fb page is private, Anyway, thanks for responding.

Pinkrhino, since "the information is there in FB..", kindly share the link

"These big group of elites gain 100% every 2 months!!"

Pinkrhino, if statement above is true, please provide the link to this big group to us for checking

44.5sen is the highest closing price in Scope's history. There is no chart to guide us ahead. It is up to the big fund to push for how far and for how long.

Not sure what will happen tomorrow. Perhaps some profit taking?

wow... up a bit too much. May drop tomorrow... *sour grape*

I have never attended an AGM. How do we get the answers of our questions? Will the company compile the questions and answers in written form?

scope88, I may not be able to attend the zoom meeting due to work.

PRE-MEETING SUBMISSION OF QUESTIONS TO THE BOARD OF DIRECTORS
The shareholders may submit questions to the Company via e-mail to jameslee@scope.com.my prior to the AGM to transmit questions to Board of Directors.

Has anyone prepared some questions for the AGM? Maybe we can share it here and avoid duplicate questions.

Just take a look of the revenue/profit estimate for the next 2 years. it is not going to be pretty. Share price may drop further. The current price is still higher than pre-pandemic price so there is still room to fall. That is why I still think it is better to sell now and buy it back later.

https://www.enanyang.my/财经新闻/等均价触30美元关口-手套大客料购买缓跌势

Feeling safe to keep this stock...

I agree with IronShirt. The factory in US is another factor that we have to consider. If share price of glove stocks is going to go back to pre-pandemic level or worse, I believe Supermax is the most likely candidate due to the factory in US. That is why I still think it is prudent to sell now and buy back later.

Drachen, thanks for sharing the article. I learn a few new things about Scope.

everyday got big sellers dumped their shares... Like never ending. There must be good reasons for them to think it is still a good price to sell. One of the reason is that share price now is still above the price before the pandemic. Revenue/profit will not be good in the next 2 years, I still think it is better to sell high now and buy back at cheaper price.

just read the most recent quarterly report announced in September. I noticed its cash and bank balances reduced from 1,208,559,000 to 878,256,000. I am a bit concerned about its dividend going forward. If dividend is not going to be good, it will not support its share price. Thus, I still think it is better to sell high now and buy back later.

It may take 2-3 days to see if 40 sen can hold or not. Price may drop below 40 sen in these 2-3 days.

40 sen is the highest closing price in many many years. Existing shareholders should be happy!

share price was stagnant for a month while other stocks went up. Some of us might have sold during this time. Congratulations to those who still keep this share!

its share price is still higher than pre-pandemic level. Sellers/Potential sellers are those who bought it cheap last year and still profitable even if they sell now.

if this trend continue, 50 sen may not survive...

at this price... limited upside and lots of downside. The risk/reward is just not very nice. Also this Bonus Issue is too much. The share price does not move after the announcement is also a bad sign

when news that there is a better solution than a vaccine (such as a drug) will be available, the share prices of glove stocks may drop again

sure, you can keep your glove shares, but the better strategy is probably sell now and buy back later at cheaper price

the bonus issue could be the end of a great thing

Benhobenhobenho, please look at Harta and Kossan. Their prices are close to pre-pandemic prices. Besides, now we have to worry about overcapacity and price war. I think it is better to be prudent to sell now

if existing shareholders sell now, they can buy back 2 share instead of owning 1 if the share price drops below RM1

Keyman188, thank you for keeping track of the target price!

I still suggest existing shareholders to sell high now, and buy back later. The revenue/profit will be lower and lower in the next 2 years. Pre-pandemic price is below RM1. There are still room to drop. Better do not get stuck.

heading towards the price before the pandemic -- below RM1. Let us see if it happens in the next 1-2 years

for example,
if I expect SCOPE to announce better revenue/profit next year, I will buy now because the company will worth more in the future
if I expect SCOPE to announce worse revenue/profit next year, I will sell or not buy now

hopeflly 55 sen is the lowest

LohNewbie, think about glove stocks. Their share prices peak around August last year. Some investors started to sell even though the revenue/profit did not peak yet (companies still announced increasing revenue/profit). These investors was concerned about the average selling price to go back to normal, months before it actually happened. Investors need to think about future revenue/profit.

those who sold the last 2 weeks probably bought back their shares early morning. Luckily the share price does not go up a lot so it is still not too late to buy them back... I guess it is more difficult now to wait it drops to 30 sen.

unfortunately record daily volume also can not push the share price more than a few sen. The operator just want to sell, not push the share. There is no need to buy share that can not perform.

I ask the following question in MNRB forum but no response. Maybe someone here is able to help:

for an insurance company, the problem is usually the motor claims. Do insurance companies benefited from lockdown as there are less motor theft? Could someone in the general insurance industry please enlighten us?

is the director MR LEE SENG THYE the founder of this company?

for an insurance company, the problem is usually the motor claims. Do insurance companies benefited from lockdown as there are less motor theft? Could someone in the general insurance industry please enlighten us?