dont get cheated by the old fool kyy.. to make profit this old man can say anything and give hallucinated finanacial projections without any basis

emas naik lagi..

this company :
1)revenue only $5mil , and manage to post loss of $3mil a quarter.
2)Net asset only 0.05...

good luck to all who hold this stock.. remember , last one to hold the bom will kaboom...!

kaunter emas, asset emas.. emas dah naik..!

Post removed.Why?

Yes... "his intention to acquire the Company's shares  during closed period"....
Something is on ...

Again "patience" is the key...

this counter the key is "patience"..
it will test your mind.. haha

the key is "patience".. if u cant have patience , better stay out

this counter its about "patience"...

tax akan datang....?

https://focusmalaysia.my/top/govt-may-unveil-windfall-tax/

windfall tax coming ? :

https://focusmalaysia.my/top/govt-may-unveil-windfall-tax/

Ada ka windfall tax ..?

https://focusmalaysia.my/top/govt-may-unveil-windfall-tax/

asp start to drop

the key thing about this stock is "patience".....

if ~1.5x NTA , then potential offer price = $3...

hopefully got a tussle between some big companies dealing with glove chemical or glove....
so PNB can get a good offer, and then they will need to make mandatory offer to rest of the shareholders.

seems like news is coming out soon.. the bidding already few weeks ago

gone case...glove bubble ?

a lot of factors not to touch glove shares now..

1)now already after the earnings result-nothing to look forward to until next earnings, which by then the vaccine should already be out
2)once the vaccine is out, this 1 to 3 months time... glove shares will likely go down.. since the focus will be on vaccine.
3)most glove net asset is low. For supermax NTA is only 82 cents, way below its share price..
4)if there is windfall tax, glove will also go down...
5)glove share price has gone up 7 to 10X , remember what happen to the tech bubble in year 2000?

kyy target of $26 shows he is a desperate and senile old man...
anyone would glad to sell to him any quantity of shares he wants at that price...

he assume pandemic will last another 5 years maybe, while this pandemic would be controlled by next year...once vaccine is out.

can let old man koon yew yin hold this share till he cutloss..
now after the result, there is not much more to look forward to....

condom maker to glove is better than property to glove...:)
anyway they are at $1 not long ago.. now 80 sen+

rebounding ? glove play..

kaunter bahaya.. naik turun mcm ping pong

the relative silence of the gov doesnt help..
just like when they secretly propose darurat..
normally finance minister should come out say a few words to calm the mkts :)

can just leave this counter to kyy to battle with the other big shark..
see if the old man can bring it up base on writing a few blog post or articles

wait for the general offer.. which should be soon.
dont contra or if u cant pickup, dont buy...those with holding power only... :)

backdoor government should resign... the clowns are not handling the economy and the pandemic well

Drop seems to be caused by EPF ;)

just wait for the offer...which should know real soon...
usually bloomberg source is very reliable....
moreover their NTA is 1.89.. offer should be higher than that at least..for PNB to sell..

hopefully there is no windfall tax in the coming budget...ref below:

https://www.thestar.com.my/business/business-news/2020/10/22/rubber-glove-shares-all-take-a-beating

according to bloomberg the first round of bidding close last friday.. hopefully got a good offer for PNB, and rest of the shareholders

The NTA 1.89.. if below 1.80 who want to sell? :)

Tan sri say they will exceed maybank mkt cap..
So either u trust tan sri or not ...up to each individual

company should have enough cash to fend off such a raid.. by doing the big buy back of $100mil each... anyway, they earn $1 billion a qtr..

i think if they do big buy back.. it will give confidence , and afternoon will recover..

last time the company will come in and buyback big.. $100 million ringgit..

time for $100mil share buy back later in the afternoon.. will provide booster in confidence

source: bloomberg

now just wait for the buyer offer price to PNB then the general offer to rest of the shareholder..
the NTA is 1.89.. so logically the offer should be higher than that

P & D ?

can this be the next prolexus? depends on nxt result

should have limit up long time ago.. :)
anyway now still not too late

mah sing announce venture into glove,share fly up..
karex also venturing into glove, the share hasnt fly up as much as mahsing yet... and karex has a lot of more experience in manufacturing and supply chain of rubber related products :)

like mahsing?

yes, their polymer division is doing very well, due to demand from glove sector.. :)

https://www.ccmberhad.com/polymers-product-range.php

if it is then good...bullrun18..


Bullrun18 Heard take over price 2.60 .....
19/10/2020 11:08 AM

now still trading below NTA of $1.89..

usually when it is from bloomberg, it should be more or less..
perhaps there is a deal going on..but not yet confirm,,,
need to wait to see what price the buyer bid or offer pnb...
then they will need to give general offer to rest of the shareholder...
base on NTA = $1.89.. but usually buyer will need to come up with higher price..

good target for any giant glove company to buyover...

https://www.ccmberhad.com/rubber-chemicals-business.php

We are a major producer of calcium nitrate, made by dissolving calcium carbonate (limestone) in nitric acid. Our manufacturing plant in Shah Alam is ISO 9001:2008 certified for the manufacture & sale of calcium nitrate, ensuring ever-progressing standards of quality.

Calcium nitrate is an important component of rubber glove manufacturing as it is used for latex coagulation (from liquid to solid state). CCM Chemicals plans to grow the liquid calcium nitrate business by offering competitively priced product and value-added technical after-sales services particularly to the rubber glove industry.