high buy volume 17.47M today, wow rocket

rubberex has the potential to fly higher...they are expanding their production and they have locked in their orders up to the end of this year due huge demand of glove demand locally and internationally. as such now due to weak RM/USD this will bring an advantage.

banks did coverage on Supermax on 1st TP is 2.50 and now supermax is still flying high with highest 2.58 as of today.

“The company plans to double its capacity in the nitrile disposable segment from the current 1 billion pieces per annum (ppa) to 2 billion ppa in the next 3-6 months.

RHB said due to exceptionally high demand for gloves globally, Rubberex’s operations facility is running at close to full utilisation rate of 90%, compared to its normal level of 80-90% before the pandemic.

“We also expect margins to expand due to higher USD/MYR trend and lower nitrile butadiene prices,” it said.

Now i can sleep well, above is from RHB: https://www.theedgemarkets.com/article/rubberex-register-supernormal-3year-forward-earnings-cagr-30-says-rhb

btw, in a couple of days or week, sure another bank will do coverage on Rubberex. let's see what they have to say.

do your own study guys, if listen to people like probability, you cant go far with his thinking...probably there is probability that probability (no pun intended) is hoping share drop so he could buy and enjoy the returns hehe...anyway i bought early so im enjoying this share spike ride...think logically and do some study about demand and supply , that's all..

btw @probability, go tell that to RHB when they did coverage on this stock and announced a buy call with TP of RM 1.6 .....no need come here and scream your lungs out here...donno what kind logic u applying even my nephew can come up with better analysis and analogy.

https://research.rhbtradesmart.com/attachments/18/rhb-report-my_rubberex_initiating-coverage_20200428_rhb-996635813250714355ea749f85859a.pdf

@gemfinder, wor wor wor....wor wor wor...do some study about this counter la wor......

As Malaysia meets 65 percent of global demand for rubber medical gloves, OBG said this gave some sort of relief to countries that are still struggling to procure personal protection equipment for their frontliners who are fighting COVID-19.

"As manufacturers target productivity gains in response to the coronavirus outbreak, Malaysia is at the forefront of global efforts to meet elevated demand for medical gloves," it said in a report today.

https://www.bernama.com/en/general/news_covid-19.php?id=1837165

https://www.theedgemarkets.com/article/malaysia-forefront-meeting-global-demand-medical-gloves-obg

is there any big fish coming in today? noticed huge buying volume today at 14.56M. any specific reason beside the news from RHB ?

The stock with positive momentum was:

Rubberex Corp (M) Bhd – up eight sen at RM1.39

Report from:
https://www.theedgemarkets.com/article/rubberex-comfort-hubline-key-alliance-lkl

today's news from TheStar: Rubberex is looking at its fastest growth, positive things ahead are in

https://www.thestar.com.my/business/business-news/2020/04/29/rubberex-to-see-aggressive-growth-in-next-3-years#cxrecs_s

https://www.nst.com.my/business/2020/04/588147/supernormal-rubberex-riding-exceptionally-high-gloves-demand

Affin Hwang has maintained its “hold” call on Hartalega Holdings Bhd and Supermax Corp Bhd with higher target prices of RM7.70 and RM2.20 respectively.

https://www.theedgemarkets.com/article/glove-makers-shares-poised-trend-higher-%E2%80%94-affin-hwang

BornToSpeculate, yes since you bought it early 1.22 is at good stand that's why i said you aboard the train early, agree with you and the returns will be higher than FD :-) I hope everyone makes money here..hope lctitan soar higher, hope tomorrow will be better day :)

@BornToSpeculate , cheers that you've bought at 1.22 which you aboard the train earlier and you did your study...your paper is still in green and i am happy for you.. to each their own and risk appetite varies...and btw,i did cut loss today and will be happy to share you my trades for lctitan for today...cheers.

honestly, i learned something from foker and before i talk i actually look it up google and try to understand what it is about and how it applies...don't know why some of you triggered with what he wrote, at least take courtesy to read it up...probably u guys are consoling yourself and living in denial - hoping that shares would rebound up quickly (maybe u guys buy high so panic when drop)....WHEN I SPOKE ABOUT CUT LOSS, people like BornToSpeculate said something interesting that i am 'throwing a gem and buy stone', i honestly LOLed at this....the most fundamental basic of trading is know when to cut loss, why? because to minimize your loss...your name BornToSpeculate sounds so pro but you aint know any about basic trading especially cutting your loss man....think logically not from sentiments.

@titan3322 , smart investors cut their loss, simple as that...that's the basic principle..protect your capital first

@apple168, ok so i assume you own genm , i wait for you sell first since u took the effort to inform us all and showing your interest in this counter...come show me your sold units first :D

why is not going up? despite starting production and the news with better sentiments etc..good technical side, should be rising up..

@JBond007, happy for you that you have gained in supermax..i invested in supermax during the beginning of corona in Jan2020, i hold for about 1 month, up and down around 1.4-1.6 and only topglove was rising at that time. i sold my supermax before malaysia MCO then now i regret cuz i could have gain RM 1 per share....luck isnt always on my side sigh...the future for genting is really unpredictable and bleak..im still holding in the hope that once MCO is over then gonna monitor it.

i learned something after observing this for quite sometime...when people comment here giving their 'advice' to BUY, that's the time to SELL actually...some ppl here are just BS.

MCO extended until 28th April...If the graph is not flattened, MCO will be further extended to May..take profit and cut loss now since permit is revoked until MCO..better to have cash in hand at this unforeseen wave of impact.

hey guys im new to this, may i know why it is not listed in Bursa yet despite the announcement because i plan to buy some stocks. PWRWELL is not showing up in trade search..see the announcement: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3013312