All the big 3 closed lower...and all the 2nd tier closed higher..
Have faith in it and look forward for the NGC2.0.

https://www.bloomberg.com/news/articles/2020-04-21/the-pandemic-is-a-bonanza-for-malaysia-s-medical-glove-industry

"In 2019, Malaysia exported about 182 billion glove pieces, accounting for $4.31 billion in revenue"

If Malaysia gloves export so much last year, why you only focus on Malaysia population demand?
And you assume 1 gloves per day per medical staff. Perhaps, when you visit dentist that wear gloves, do you expect him not to change gloves from patients to patients?

Moreover, this is now a contagious virus.

NGC 2.0 will have seven plants, which have total 32bn pcs capacity (+74%). This will bring total capacity to 76.0bn pcs in 2029. Plant construction is targeted to begin in 2021, which is concurrent with the vendor’s construction of road infrastructure. The first plant is expected to commission in 2H22. Hence, NGC 2.0 will only start contributing to FY23 earnings.

1. Kuala Langat land disposal will gain RM35-39m, disposal completion target 1QFY21.
2. Bidor site, 1st plant expected operational FY21F. Total expansion duration 8yrs, costing RM1.5bn. Bidor production capacity will be 34bn. Total capacity will rise to 65bn in 2028.

"Plant 18 (2.5bn gloves/annum) have fully commissioned
in Nov-19. Thereafter, Plant 19 (3.0bn gloves/annum) will now begin
commissioning in Jan-20. The additional capacity from
Plant 19 will increased Kossan’s annual capacity by 10.3% to 32.0bn gloves
in 2020."

More to sell, more to fly. Good right? :)

https://www.cnbc.com/2020/04/28/germanys-coronavirus-infection-rate-has-edged-up.html

https://www.thestar.com.my/business/business-news/2020/04/28/sc-bursa-malaysia-suspend-short-selling-to-june-30#.Xqe-qRP08rw.whatsapp

Hi David, that is good sharing. This will make the gloves is extremely high demand and even after mid May. Thanks man.

https://www.theedgemarkets.com/article/covid19-hartalega-plant-utilisation-tops-90-glove-demand-surge%C2%A0

buddy JN88,,dont bring kossan here. The folks here dont like high PE glove counters. Keep Kossan there diam diam. Calm and peace. :)

monday open high

https://simplywall.st/news/do-institutions-own-kossan-rubber-industries-bhd-klsekossan-shares/

We need EPF to sell more.

https://www.theedgemarkets.com/article/rubber-glove-exports-expected-hit-rm20-bil-year

https://www.theedgemarkets.com/article/rubber-glove-exports-expected-hit-rm20-bil-year

https://www.theedgemarkets.com/article/rubber-glove-exports-expected-hit-rm20-bil-year

May QR estimation. For 01Jan to 31Mar period.
Revenue QoQ jump 13% = RM 900mil (last Q2 to Q3 revenue jump was 12.3%)
Net Profit based on 15.8% = RM 142mil (Q3 was 15.3% at RM 121mil)
EPS = 3.99 (Q3 was 3.60)

Aug QR estimation. For 01Apr to 30June period.
Revenue QoQ jump 13% = RM 1,017mil
Net Profit based on 15.8% = 161mil
EPS = 4.76

What is the likelihood that Harta can achieve such estimations?

No need to justify guys.
We have believers that likes high PE glove stocks.
We also have believers that likes low PE glove stocks.

The high PE believers will stay here.
The low PE believers coming here to share their kind advice is actually very kind too.
They make an extra effort to tell that to us. We should thank them.

Both camps believes in glove stocks and in this period, all will make money. Cheers...

Current consumption is high, lower input cost. Will this lead to higher earnings or profits?
When higher earnings or profits are coming, will this lead to higher EPS?
And when higher EPS is achieved, do you still concern about high PE?

@ 7.60 now - 10 Apr 9.30am.

@ 7.35 now - 8 Apr 11.30am.

https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/pmn.cfm?start_search=1&Center=&Panel=&ProductCode=&KNumber=&Applicant=hartalega&DeviceName=&Type=&ThirdPartyReviewed=&ClinicalTrials=&Decision=&DecisionDateFrom=&DecisionDateTo=03%2F26%2F2020&IVDProducts=&Redact510K=&CombinationProducts=&ZNumber=&PAGENUM=10&SortColumn=dd%5Fdesc

Check this space to find out about the FDA AMG approval.

any updates on the AMG? share price is always trending up and now it is 6890.

https://www.euronews.com/2020/03/18/italian-doctor-dies-of-coronavirus-after-working-without-gloves-due-to-shortage

https://www.euronews.com/2020/03/18/italian-doctor-dies-of-coronavirus-after-working-without-gloves-due-to-shortage

https://www.fm-magazine.com/news/2020/mar/top-glove-malaysia-coronavirus-demand-23152.html

https://www.thestar.com.my/business/business-news/2020/03/21/rubber-gloves-from-oversupply-to-shortage-due-to-pandemic-and-mco

https://www.thestar.com.my/business/business-news/2020/03/21/rubber-gloves-from-oversupply-to-shortage-due-to-pandemic-and-mco

from TopGlove - 20MArch2020
https://klse.i3investor.com/servlets/ptres/54795.jsp
-> lower NBR prices (-5.3% to USD1.00/kg)

https://klse.i3investor.com/servlets/ptres/54790.jsp
-> sales order book doubled following the rapid spread of Covid-19
-> Higher sales volume of nitrile gloves (+14%)
-> ASP of nitrile gloves declined by 3% in tandem with 7% cheaper nitrile prices.

https://klse.i3investor.com/servlets/ptres/54792.jsp
-> placing orders 6 months ahead of time, as opposed to the usual 3 months

Result out for period 01Dec2019 - 29Feb2020;
QoQ Revenue +1.71%
QoQ PBT +3.92%
QoQ NP +3.81%
QoQ EPS +3.67% (4.52cents)

https://www.theedgemarkets.com/article/rubber-glove-makers-ramp-production-%E2%80%94-margma

https://www.theedgemarkets.com/article/rubber-glove-makers-ramp-production-%E2%80%94-margma

If share split, what happen to warrant price and exercise price?

Well, this project fits into the vision tht they trying to get some meat for the Highway IPO.

The above mentioned project, is tht a secured deal?

http://www.thestar.com.my/business/business-news/2017/01/06/ekovest-joins-pan-borneo-highway-project-with-jv-work-package-worth-rm2bil/

http://www.independent.co.uk/news/world/americas/us-elections/donald-trump-wins-first-12-hours-muslim-kkk-russia-canadia-immigration-al-qaeda-mexico-palestine-a7408091.html

Guys,,,whn the next quarter release?

Re-share this news.
http://www.theedgemarkets.com/my/article/malaysias-ekovest-list-highway-unit-us500m-ipo

Woah,,, nice performance this morning. Good good.

Interesting now. How low will it go? Internal forces is -ve (retrenchment). External forces is -ve. Glut in demand.
Only thing tht could cool off and stabilize is coming quarter report show equal or better performance than last. If this quarter is lower than before,, all kaput and hell break loose here.
Take care guys. I was ah seng die hard fans. Now staying at sideline to watch and wait.

Lets stay at the side line and monitor.

One forumer posted his analysis on last quarter report. Solar earnings were already coming down. This could be the start point where solar business is turning south. The layoff event is a strong signal.

Tekseng is a growth story play. With solar future in shaky ground, the growth play no longer valid.

All the hopes on solar expansion now also questionable.


Remember tht mr.Loh bought huge chunk offmarket? (~rm3mil worth of shares). Seems like tht is to avoid market panic.

Take care guys. Decide on your own. Strong signals are there for us; news, management actions, last quarterly figures.

Posted by skyrider > Aug 13, 2016 11:37 AM | Report Abuse 

Actually 2Q was saved by the PVC and other business, otherwise 2Q result will be quite poor. 
solar profit 1Q - 20.32 mil 2Q - 13.268 mil 
PVC profit 1Q - 3.867 mil 2Q - 7.416 mil 
other profit 1Q - 0.861 mil 2Q - 2.09 mil 
This is mainly due to decrease of unrealised forex gain in the solar business. 
With RM in 3Q is about the same as 2Q and if PVC and other business drop in 3Q, even with the additional 3 solar lines (which only fully operational in Sept 2016) 3Q result may not be good as I expected earlier. 
http://www.thestar.com.my/business/business-news/2016/07/18/tek-seng-counts-on-solar-cell-business/ 
May have to wait until 4Q out before we really see excellent result. This time really need patience with ah seng.

With the lay off, this will affect the solar contribution. Would this be reflected in the coming quarter report? Last time i was hoping its solar expansion will fuel the earnings. Many new lines were in plan to be rolled out. This propect contributed to the price rally. Quarter earnings were higher and higher.

With the lay off, clearly the expansion is put onhold. Demand is falling. Solar earnings may turn southward. Bear in mind, last quarter, the solar earnings were not tht great and was balanced by non-solar segment.

https://sg.yahoo.com/news/penang-factory-workers-protest-24-hour-dismissal-091100463.html

https://sg.yahoo.com/news/sarawak-approves-construction-baleh-mega-dam-063800216.html

Going to mainboard. 
The requirements. (Thanks to bowman tht shared this)

http://www.smeinfo.com.my/index.php?option=com_content&view=article&id=1148&Itemid=1156

Going to mainboard.
What are the requirements?