is there any news since the collapse of the RTO? about the company direction?

https://www.theedgemarkets.com/article/ancom-capitalise-paraquat-ban-thailand-brazil

old news...just sharing;

“Frankly, we don’t run S5, so we don’t know the reasons for the delay. As it is, S5 asked for an extension; they told us the transaction is progressing further, so we agreed. From our perspective, we have been waiting for so long, we wanted this deal to go through,” he says.

Lee, however, points out that there are other candidates knocking on the door as they are interested to take over the listed status of Ancom Logistics, which is 33.96%-owned by Ancom.

“To us, whoever the buyer is, it doesn’t make a big difference to the direction of the group going forward because we would be diluted to a minority stake post-RTO. After all, we are just surrendering our listing vehicle as part of our consolidation plan to refocus on our core businesses,” he explains.

ancom and ancom-wb hitting ATH but this one still around .30 oni...

so much disposal?

Any reason for the spike?

On behalf of the Board of Directors of GFB, we are pleased to announce that NuEnergy Gas Limited (“NuEnergy”), a subsidiary of GFB which is listed on the Australian Securities Exchange (“ASX”) has today announced on ASX, the spudding of a production well MU-005 (Twin). The MU005 (Twin) well is a production well from which NuEnergy will conduct permeability tests on coal formations and perform a few months of dewatering to determine the gas productivity for future development. It is anticipated this activity will be followed by the submission of an Exploration Status Decision proposal for the Indonesian government’s approval by May 2021 and followed by a POD proposal, which upon approval will allow the exploitation and production of coal bed methane.

company buyback shares every week

volume is so low nowdays

red!!!Unbelievable!!!

low volume...

is there any news about the S5 takeover?

its disposed dude

when?how did you knw this @emo?

yesterday's gain all gone :(

why sudden spike?any news?

just hold, I believe this is the lowest it will go for now.

Looking positive tmrw

"The investment in XOX has paid off, with the moves towards artificial intelligence (AI) vending machines, micro financing and now its potential partnership with foreign telcos for the 5G programme all being positives to increase revenue streams going forward, capitalising on the subscriber base," it said.

With the group's recent expansion plans well documented to branch into the medical devices industry, Key Alliance said the strategic ownership of XOX has provided the group with a clear opportunity to move into cloud-based digital healthcare solutions utilising XOX's e-wallet capabilities, as well as the connectivity, computing and storage capacity provided by Key Alliance's data centre and cloud services.

need to break 0.76

SINGAPORE: A relatively low-tech stock trade is making Tesla Inc’s dizzying rally look like an under-performance.

In Southeast Asia, makers of rubber gloves are attracting more investor fervour than even the electric cars and flame throwers of Elon Musk.

Top Glove Corp is up 389% this year in Kuala Lumpur, the most on the MSCI Asia Pacific Index, while Supermax Corp has leaped more than 1,000%, compared with Tesla’s 259%. That’s due to the boom in glove demand thanks to the coronavirus pandemic, aided by a short-selling ban in Malaysia till year-end.

The meteoric rise has been unprecedented by Malaysian standards, with the top three glove makers adding about RM109 billion in combined market value this year.


More than US$1 of every US$10 invested in the nation’s stock market right now is a bet on gloves – a feat that makes the Southeast Asian nation a play on global hygiene, much like South Korea and Taiwan are for semiconductors. Top Glove resumed its rally Friday even after the US moved to block imports from two of its units.

“The rally in glove makers reminds many of Tesla but the sector’s earnings outlook is more certain than that of Tesla,” said Ross Cameron, a fund manager at Northcape Capital Ltd, which overseas about US$7 billion in assets globally.

The short-selling ban has had a minor contribution to the rally while “we expect the sector to report significantly more than 100% earnings growth next year”, he said.

Fund managers at Northcape and Samsung Asset Management have increased their bets on the sector this year, saying the shift in glove demand is structural and many market participants are still behind the curve.


The odds of glove makers’ stocks getting more institutional allocation are also set to increase as erstwhile smaller companies are now become big enough to get included in the key indexes followed by international investors.

Supermax and Kossan Rubber Industries Bhd are set to join the MSCI Malaysia Index after a review next month due to the meteoric rise in their stock price, Brian Freitas, an analyst on Smartkarma wrote in a note last week.

“The stocks now rank very highly on free float market cap,” the note added. Kossan shares have climbed 225% year-to-date.

Still, a faster-than-expected development of a vaccine to treat Covid-19 risks putting the brakes on the spectacular rally in glove makers’ shares. The US Customs and Border Patrol has placed a detention order on disposable gloves made by Top Glove. Top Glove said in a statement on Thursday that the issue may be linked to foreign labour and it is reaching out to US Customs to seek to resolve the matter within two weeks.

Fund managers and analysts said the company could still ship its gloves to the US using other units. Also any cancellation of orders would be offset by demand from other countries due to the acute shortage.

For now, the order books have swelled, glove prices have skyrocketed and companies are aggressively expanding their capacity to meet orders.

SINGAPORE: A relatively low-tech stock trade is making Tesla Inc’s dizzying rally look like an under-performance.

In Southeast Asia, makers of rubber gloves are attracting more investor fervour than even the electric cars and flame throwers of Elon Musk.

Top Glove Corp is up 389% this year in Kuala Lumpur, the most on the MSCI Asia Pacific Index, while Supermax Corp has leaped more than 1,000%, compared with Tesla’s 259%. That’s due to the boom in glove demand thanks to the coronavirus pandemic, aided by a short-selling ban in Malaysia till year-end.

The meteoric rise has been unprecedented by Malaysian standards, with the top three glove makers adding about RM109 billion in combined market value this year.

More than US$1 of every US$10 invested in the nation’s stock market right now is a bet on gloves – a feat that makes the Southeast Asian nation a play on global hygiene, much like South Korea and Taiwan are for semiconductors. Top Glove resumed its rally Friday even after the US moved to block imports from two of its units.

“The rally in glove makers reminds many of Tesla but the sector’s earnings outlook is more certain than that of Tesla,” said Ross Cameron, a fund manager at Northcape Capital Ltd, which overseas about US$7 billion in assets globally.

The short-selling ban has had a minor contribution to the rally while “we expect the sector to report significantly more than 100% earnings growth next year”, he said.

Fund managers at Northcape and Samsung Asset Management have increased their bets on the sector this year, saying the shift in glove demand is structural and many market participants are still behind the curve.

The odds of glove makers’ stocks getting more institutional allocation are also set to increase as erstwhile smaller companies are now become big enough to get included in the key indexes followed by international investors.

Supermax and Kossan Rubber Industries Bhd are set to join the MSCI Malaysia Index after a review next month due to the meteoric rise in their stock price, Brian Freitas, an analyst on Smartkarma wrote in a note last week.

“The stocks now rank very highly on free float market cap,” the note added. Kossan shares have climbed 225% year-to-date.

Still, a faster-than-expected development of a vaccine to treat Covid-19 risks putting the brakes on the spectacular rally in glove makers’ shares. The US Customs and Border Patrol has placed a detention order on disposable gloves made by Top Glove. Top Glove said in a statement on Thursday that the issue may be linked to foreign labour and it is reaching out to US Customs to seek to resolve the matter within two weeks.

Fund managers and analysts said the company could still ship its gloves to the US using other units. Also any cancellation of orders would be offset by demand from other countries due to the acute shortage.

For now, the order books have swelled, glove prices have skyrocketed and companies are aggressively expanding their capacity to meet orders.

Hi @midzurll19, hi all, questions...
Does buying and selling warrants are same as normal shares(mother)?
Why it's 20 cent? any specific reason? How to check this?
also can advice about the conversion thing?any links pls...
thnks

@MicHong99 My opinion is that traders are being rightfully careful about the son. Of course the difference should be 20 sen, but the fact is that it takes 2 weeks to convert the son to mother. The lagging exists just to make allowances for any uncertainties within the conversion period. Another possibility is that once mother has stabilised, the son will shoot up, just like a chicken following her mother crossing the road.

please add me, tq

gov extended till end of june, so either today or tmrw...before july 1st

SINGAPORE (June 25): As the novel coronavirus (Covid-19) pandemic continues to infect and claim lives, there is no danger of an oversupply of gloves just yet.
According to Maybank Investment Bank Research, global demand for gloves is expected to grow 20% in 2020-2021.
This would be supply-led as there is insufficient capacity to cater to the sudden jump in demand stemming from Covid-19, the brokerage points out.
In contrast, the total capacity growth of the world’s top five biggest glove producers is only expected to grow 16%-19% in 2020-2021, according to Maybank IB.
These glove manufacturers are Top Glove Corp, Hartalega Holdings, Kossan Rubber Industries, Supermax Corp and Sri Trang Agro-Industry.
Only Malaysia-listed Top Glove and Thai-listed Sri Trang have a secondary listing on the Singapore Exchange.
Given the stock replenishment requirement and the long sales lead time into mid-2021, Maybank IB believes the market would only reach equilibrium in 2H21.
As such, short-medium term oversupply risk is low, it says.
However, there is a risk of oversupply in 2022, warns the brokerage.
Maybank IB expects global demand for gloves to grow just 8% in 2022, lagging the total capacity growth of the “Big 5” of 12%.
Still, the brokerage believes the new capacity could be absorbed by the local China market as the country needs to replace some of its vinyl gloves consumption with nitrile gloves.
“Moreover, given that the margins of the China glove-makers are not superior to that of Malaysia’s glove-makers, we believe the average selling price pressure from the China peers may not be excessive in an oversupply situation,” Maybank IB analyst Lee Yen Ling writes in a note June 24.

https://www.theedgemarkets.com/article/here-we-glove-again

https://www.theedgemarkets.com/article/here-we-glove-again

Paktua73 please add me, thanks

expecting .40 become reality tmrw onwards...finger crossed. :)

is that a good news?

@Dk66
Pls add me in the private chat group....many thanks