Date : 12 June 2020
Kim's Stockwatch



PART 2 : GLOVES SECTOR - THIS IS MY REAL PLAN ON PHASE II FY20 - FY21


So today as we all know and expected Top Glove Bhd released its excellent and superb quaterly financial result. With strong worldwide demand for rubber gloves amid the COVID-19 pandemic, it is unsurprising that Top Glove Corp Bhd has recorded its best-ever quarterly net profit in the third quarter ended May 31, 2020 (3QFY20)

Top Glove executive director Lim Cheong Guan said strong orders and demand are expected to continue for the next one to two years. In 3QFY20, sales of nitrile gloves jumped 47% year-on-year (y-o-y), natural rubber gloves sales leaped 8%, and surgical gloves sales rose 21%.

From here perspective, we already know how good their business is. So as I told many times Gloves Sector already applied in "Defending Stocks Territory". Also I am agreed some analysts said Top Glove have projected a net profit of as high as RM3 billion for FY21 So if they really can archieved that of course and definitely my last target RM35 surely hit FY21.

Thats enough for us telling other sectors. As Kim already forecast and mentioned by June (Buy). Only Gloves sector. Oil & Gas sector beware and carefull. Second waves / phase II virus. So tomorrow all red except gloves day. Good night =) - Jay
- Kim's Stockwatch

GLOVES SECTOR : Big rally coming as soonest possible. Even margin capping issues with IB's still intact. Margin tighten by them is good to produce stablize the price and momentum and protect the big player/investors outside there from my view. So the values of gloves keep increasing on gloves sector. You cant stop them increase, even IB's. So you wont get cheap price on gloves counter. Especialy Big-4. Even the pandemic is over and vaccine found. It will take 12 month at least to adapt it. Wait, watch and see. Timeframe "This June". Last I tell Buy on April because May you wont get cheapsales anymore. So all my new target on Big-4 remained. Where the TP wait on this weekend. The bull trap is on. Beware if you holding others sector.. which a lots say oil & gas.. banking uptrend. Index KLCI will reverse and calm down and now Gloves will show you the true color starting today. For me Gloves already apply on "Defending Stock Territory" Good luck.. my 2c. - Kim's Stockwatch

KUALA LUMPUR (June 11): Public Invest research has raised its target price for Top Glove Corp Bhd to RM35, a potential of 100% gain from the last trade price RM 17 previosly, on the ground that there has been a recent rise in ad hoc, spot orders by government agencies needing urgent deliveries and 366% jumps on the net profits.

Dow futures drop 700 points on Virus Second Wave concern, airline and retail shares fall

https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...

CNBC (https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...)
Dow plunges more than 900 points on worries of Second Coronavirus Wave, airlines and retailers fall
The moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500.

Thats enough for us telling other sectors. As Kim already forecast and mentioned by June (Buy). Only Gloves sector. Oil & Gas sector beware and carefull. Second waves / phase II virus. So tomorrow all red except gloves day. Good night =) - Jay
- Kim's Stockwatch

GLOVES SECTOR : Big rally coming as soonest possible. Even margin capping issues with IB's still intact. Margin tighten by them is good to produce stablize the price and momentum and protect the big player/investors outside there from my view. So the values of gloves keep increasing on gloves sector. You cant stop them increase, even IB's. So you wont get cheap price on gloves counter. Especialy Big-4. Even the pandemic is over and vaccine found. It will take 12 month at least to adapt it. Wait, watch and see. Timeframe "This June". Last I tell Buy on April because May you wont get cheapsales anymore. So all my new target on Big-4 remained. Where the TP wait on this weekend. The bull trap is on. Beware if you holding others sector.. which a lots say oil & gas.. banking uptrend. Index KLCI will reverse and calm down and now Gloves will show you the true color starting today. For me Gloves already apply on "Defending Stock Territory" Good luck.. my 2c. - Kim's Stockwatch

KUALA LUMPUR (June 11): Public Invest research has raised its target price for Top Glove Corp Bhd to RM35, a potential of 100% gain from the last trade price RM 17 previosly, on the ground that there has been a recent rise in ad hoc, spot orders by government agencies needing urgent deliveries and 366% jumps on the net profits.

Dow futures drop 700 points on Virus Second Wave concern, airline and retail shares fall

https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...

CNBC (https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...)
Dow plunges more than 900 points on worries of Second Coronavirus Wave, airlines and retailers fall
The moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500.

Thats enough for us telling other sectors. As Kim already forecast and mentioned by June (Buy). Only Gloves sector. Oil & Gas sector beware and carefull. Second waves / phase II virus. So tomorrow all red except gloves day. Good night =) - Jay
- Kim's Stockwatch

GLOVES SECTOR : Big rally coming as soonest possible. Even margin capping issues with IB's still intact. Margin tighten by them is good to produce stablize the price and momentum and protect the big player/investors outside there from my view. So the values of gloves keep increasing on gloves sector. You cant stop them increase, even IB's. So you wont get cheap price on gloves counter. Especialy Big-4. Even the pandemic is over and vaccine found. It will take 12 month at least to adapt it. Wait, watch and see. Timeframe "This June". Last I tell Buy on April because May you wont get cheapsales anymore. So all my new target on Big-4 remained. Where the TP wait on this weekend. The bull trap is on. Beware if you holding others sector.. which a lots say oil & gas.. banking uptrend. Index KLCI will reverse and calm down and now Gloves will show you the true color starting today. For me Gloves already apply on "Defending Stock Territory" Good luck.. my 2c. - Kim's Stockwatch

KUALA LUMPUR (June 11): Public Invest research has raised its target price for Top Glove Corp Bhd to RM35, a potential of 100% gain from the last trade price RM 17 previosly, on the ground that there has been a recent rise in ad hoc, spot orders by government agencies needing urgent deliveries and 366% jumps on the net profits.

Dow futures drop 700 points on Virus Second Wave concern, airline and retail shares fall

https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...

CNBC (https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...)
Dow plunges more than 900 points on worries of Second Coronavirus Wave, airlines and retailers fall
The moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500.

Thats enough for us telling other sectors. As Kim already forecast and mentioned by June (Buy). Only Gloves sector. Oil & Gas sector beware and carefull. Second waves / phase II virus. So tomorrow all red except gloves day. Good night =) - Jay
- Kim's Stockwatch

GLOVES SECTOR : Big rally coming as soonest possible. Even margin capping issues with IB's still intact. Margin tighten by them is good to produce stablize the price and momentum and protect the big player/investors outside there from my view. So the values of gloves keep increasing on gloves sector. You cant stop them increase, even IB's. So you wont get cheap price on gloves counter. Especialy Big-4. Even the pandemic is over and vaccine found. It will take 12 month at least to adapt it. Wait, watch and see. Timeframe "This June". Last I tell Buy on April because May you wont get cheapsales anymore. So all my new target on Big-4 remained. Where the TP wait on this weekend. The bull trap is on. Beware if you holding others sector.. which a lots say oil & gas.. banking uptrend. Index KLCI will reverse and calm down and now Gloves will show you the true color starting today. For me Gloves already apply on "Defending Stock Territory" Good luck.. my 2c. - Kim's Stockwatch

KUALA LUMPUR (June 11): Public Invest research has raised its target price for Top Glove Corp Bhd to RM35, a potential of 100% gain from the last trade price RM 17 previosly, on the ground that there has been a recent rise in ad hoc, spot orders by government agencies needing urgent deliveries and 366% jumps on the net profits.

Dow futures drop 700 points on Virus Second Wave concern, airline and retail shares fall

https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...

CNBC (https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-new...)
Dow plunges more than 900 points on worries of Second Coronavirus Wave, airlines and retailers fall
The moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500.

Thats enough for us telling other sectors. As Kim already forecast and mentioned by June (Buy). Only Gloves sector. Oil & Gas sector beware and carefull. Second waves / phase II virus. So tomorrow all red except gloves day. Good night =) - Jay
- Kim's Stockwatch

GLOVES SECTOR : Big rally coming as soonest possible. Even margin capping issues with IB's still intact. Margin tighten by them is good to produce stablize the price and momentum and protect the big player/investors outside there from my view. So the values of gloves keep increasing on gloves sector. You cant stop them increase, even IB's. So you wont get cheap price on gloves counter. Especialy Big-4. Even the pandemic is over and vaccine found. It will take 12 month at least to adapt it. Wait, watch and see. Timeframe "This June". Last I tell Buy on April because May you wont get cheapsales anymore. So all my new target on Big-4 remained. Where the TP wait on this weekend. The bull trap is on. Beware if you holding others sector.. which a lots say oil & gas.. banking uptrend. Index KLCI will reverse and calm down and now Gloves will show you the true color starting today. For me Gloves already apply on "Defending Stock Territory" Good luck.. my 2c. - Kim's Stockwatch

KUALA LUMPUR (June 11): Public Invest research has raised its target price for Top Glove Corp Bhd to RM35, a potential of 100% gain from the last trade price RM 17 previosly, on the ground that there has been a recent rise in ad hoc, spot orders by government agencies needing urgent deliveries and 366% jumps on the net profits.

Dow futures drop 700 points on Virus Second Wave concern, airline and retail shares fall

https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-news.html?__source=androidappshare

CNBC (https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-news.html?__source=androidappshare)
Dow plunges more than 900 points on worries of Second Coronavirus Wave, airlines and retailers fall
The moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500.

still no positive news to make upward trend .. :(

Credit Suisse was the most optimistic, raising its TP for Top Glove Corp Bhd to RM23, representing another 40.4% upside against its last Friday’s closing price of RM16.38.

Credit Suisse was the most optimistic, raising its TP for Top Glove Corp Bhd to RM23, representing another 40.4% upside against its last Friday’s closing price of RM16.38.

Credit Suisse was the most optimistic, raising its TP for Top Glove Corp Bhd to RM23, representing another 40.4% upside against its last Friday’s closing price of RM16.38.

Credit Suisse was the most optimistic, raising its TP for Top Glove Corp Bhd to RM23, representing another 40.4% upside against its last Friday’s closing price of RM16.38.

Credit Suisse was the most optimistic, raising its TP for Top Glove Corp Bhd to RM23, representing another 40.4% upside against its last Friday’s closing price of RM16.38.

https://www.theedgemarkets.com/article/glove-bubble-pops-stretchy-valuations

https://www.theedgemarkets.com/article/glove-bubble-pops-stretchy-valuations

they also want untung maa ... if possible a big gain for them ...

strategy for investment bank (IB) to collect at lower or alang2 at lowest price for glove shares ...

possitive news on Nexgram :)

https://www.theedgemarkets.com/article/nexgram-opensys-vsolar-sanichi-cypark-icon-pccs-kenanga-acoustech-rubberex-rgt

Is 1.82 a limit for today ??

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=199964&name=EA_DS_ATTACHMENTS

As shown above Annual EPS 0.85, P/E 37.47

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=200234&name=EA_DS_ATTACHMENTS

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3054070

EPS 0.84

SANICHI TECHNOLOGY BERHAD

Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description SANICHI TECHNOLOGY BERHAD ("SANICHI" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING BETWEEN SANICHI TECHNOLOGY BERHAD, PNE PCB BHD, AT SYSTEMATIZATION BHD AND ARZON SOLAR, LLC.

The Board of Directors of Sanichi Technology Berhad (“Sanichi” or “the Company”) wishes to announce that the Company had on 18 May 2020 entered into a Memorandum of Understanding with PNE PCB BERHAD (Registration No. 198801000741 (168098-V) or any of its subsidiaries, a company incorporated in Malaysia and having its correspondence address at 6, Jalan Firma 2/1, Kawasan Perindustrian Tebrau, 81100 Johor Bahru, Johor, AT SYSTEMATIZATION BERHAD (Registration No. 200401006297 (644800-X) or any of its subsidiaries, a company incorporated in Malaysia and having its correspondence address at Lot 11.2, Level 11, Menara Lien Hoe, No.8, Persiaran Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor and ARZON SOLAR, LLC, a company incorporated in the United States of America and having its correspondence address at 3425 Fujita Street, Torrance, California 90505, USA.

We are pleased to attach herewith further details of the MOU in Appendix 1 and a joint press release dated 18 May 2020 entitled "Sanichi, AT Systematization, PNEPCB and US partner ride on surgical global ventilator market".


This announcement is dated 18 May 2020.

Newsbreak: Petronas moots oil and gas trust for OSV sector
TheEdge Mon, May 18, 2020 04:00pm - 6 hours ago

The plan

In a nutshell, the unitholders of the trust will be shareholders of OSV companies, financial institutions and banks, as well as Permodalan Nasional Bhd (PNB).

Apart from Petronas, PNB has the most significant exposure to the oil and gas sector. Based on its annual report, PNB and its related companies have equity interest of 60.18% in Velesto Energy Bhd, 38.21% in Sapura Energy Bhd, 12.82% in Bumi Armada Bhd, 10.11% in Petronas Gas Bhd, 8.27% in Petronas Dagangan Bhd, 7.9% in Petronas Chemicals Group Bhd, almost 6.5% in MISC Bhd and 6.36% in Serba Dinamik Holdings Bhd, among others.

Another state-controlled entity, Icon Offshore Bhd, which is 42.57% controlled by Yayasan Ekuiti Nasional (Ekuinas), has 32 OSVs. Other large OSV players include Alam Maritim Resources Bhd, which has 39 vessels, according to its website, and Perdana Petroleum Bhd, which has 16 vessels and is 60.48% controlled by Dayang Enterprise Holdings Bhd. There are also other large companies such as floating production, storage and offloading (FPSO) player, Yinson Holdings Bhd, which has four offshore support vessels that are largely for its own use.

Petronas went on to highlight a proposal to build new OSVs to the tune of RM3.4 billion, with charter rates for all vessels to reach RM3.5 million a day or a little above RM1.2 billion a year.

https://www.investing.com/news/stock-market-news/chinese-oil-demand-is-almost-back-to-previrus-crisis-levels-2175340

Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels
Stock Markets3 hours ago (May 18, 2020 07:36AM ET)

(Bloomberg) -- Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.

China is the world’s second largest oil consumer, behind only the U.S., and the country’s quick turnaround has helped tighten the petroleum market sooner-than-expected. West Texas Intermediate crude, which a month ago plunged into negative prices, surged on Monday above $30 a barrel.

“China’s oil demand is starting to show optimistic signs of full recovery, led by diesel,” said Liu Yuntao, a London-based analyst with consultant Energy Aspects.

it cannot move fast bcoz epf got big shares ... compared to topglov, many shares floating & move fast in the market ...

Malaysian medical equipment manufacturer Careplus (M) Sdn Bhd (CMSB) sell 50% of its rubber glove manufacturing unit to Australian-listed Ansell Services for MYR26.8 million under a joint venture deal.
The agreement also comes with an option for Ansell to acquire Careplus’s remaining 50 % stake in the joint venture company.
CMSB is expected to record a “pro forma” gain of some MYR8.68 million from the proposed disposal

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3050051


Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description CAREPLUS GROUP BERHAD ("CAREPLUS" OR THE "COMPANY")

JOINT VENTURE BETWEEN CAREPLUS AND ANSELL SERVICES (ASIA) SDN BHD ("JOINT VENTURE")
We refer to the announcements dated 5 February 2020, 19 March 2020, 16 April 2020 and 6 May 2020, and the Circular dated 5 March 2020 in relation to the Joint Venture. The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Circular, where applicable.

On behalf of the Board, UOBKH wishes to announce that the Disposal has become unconditional and has been completed on 14 May 2020.

Further, in line with the Completion, Careplus and CMSB have entered into the Shareholders’ Agreement with Ansell on 14 May 2020.


This announcement is dated 14 May 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3049159

Announcement
AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD)
("AGESON" OR "THE COMPANY")

Clarification on articles on various news media in regard to no Approved Permit was given to the Company for sand export, reported from 9 to 10 May 2020
Reference is made to the articles on various news media in regard to no Approved Permit (“AP”) was given to the Company for sand export, reported from 9 to 10 May 2020.


The Board of Directors of Ageson wishes to clarify that neither Ageson Berhad or any entities within the Company and its subsidiaries has the AP for sand export. Further, the Company is not privy to such information on whether any applications are required and/or submitted to Department of Mineral and Geoscience Malaysia for any kind of collaborations with the existing AP holders that export sand.


Pursuant to the Company’s announcements made on 4 May 2020 and 8 May 2020 in relation to the award of purchase order from Guangzhou Kaishengda Industrial Co., Ltd to Esa Pile Sdn Bhd (“Esa Pile”), a wholly-owned subsidiary of the Company, Esa Pile will be leveraging on its business partners in sand business, namely, World Tractor Parts (HK) Limited (Sales and marketing consultant in sand business), Zhillion Sand Sdn Bhd (Sand Operation) and Polo Specialist Trading Sdn Bhd (“PST”) (AP holder). However, Esa Pile will not limit itself to rely solely on PST as the AP holder.


Notwithstanding Esa Pile partnership with the abovementioned several business partners in sand business, the Company is currently in the midst of discussion and negotiation with several potential business partners in Malaysia to undertake the sand supply and export to overseas. The Company has extended its exploration for potential collaboration in sand business beyond Malaysia and is currently in talks on potential collaboration with the potential business partners within South East Asia region. As at to-date, the discussion and negotiation with these potential business partners are at a preliminary stage.


The Company takes cognisant of the laws, procedure and requirements needed for sand export to overseas and will ensure the Company’s sand export business, at all times, is in compliance with relevant laws and regulations.


This announcement is dated 12 May 2020.

Wow, so many negative comments just to lure the sellers to sell at low price ...

All are get ready to buy at lower price ...

So, that's mean the directors were brave enough to announce that Ageson got billions valued contract & the news had been published in many mainstream media include inform to bursa ...

Are Ageson brave to lie to all parties ???

want to add more tomorrow ... wow, cannot wait to buy at 0.10 tomorrow .. :)

Who want to sell at low price, come & sell ... Sell at 0.10, pliz come ... there are many buyers want to buy from u ... :)

Maybe after this, we will see Ageson will be sued bcoz false statement .. hihihi