Compared to ancom suspending 3 counters today to announce its deal

The main point is this deal stil on???

We are not talking about 1 counter but 3 counters suspended trading for today...This deal more solid than Anzo or AT

Ancom Bhd, Ancom Logistics and Nylex had requested for a suspension of the trading of their securities from 9am to 5pm today, pending a material announcement on a corporate exercise.

Ancom news firmed or else why on earth suspended trading of their counters today ..

Bad news for my eg...Ancom team up wt S5

https://www.theedgemarkets.com/article/ancom-group-restructure-see-entry-immigration-tech-company-s5?type=malaysia

https://www.theedgemarkets.com/article/ancom-group-restructure-see-entry-immigration-tech-company-s5?type=malaysia

Wt this pc of news..we need to ask oursf if rto stil on..? i doubt

KUALA LUMPUR (July 15): Ancom Bhd, Ancom Logistics Bhd and Nylex (Malaysia) Bhd will undergo a restructuring exercise that will see the logistics business moved to Nylex and the entry of immigration technology company S5 Holdings Inc into Ancom Logistics, said sources familiar with the plans.

“The group wants to put the logistics assets under one roof — Nylex. Following this, the entire supply chain will be complete at Nylex,” said a source.

“Ancom Logistics will be without a business and the plan is to acquire an immigration technology company — S5 — for that unit,” added the source, who declined to share the price of the deal.

It is understood that there were emergency board meetings called for all three companies — Ancom Bhd, Ancom Logistics and Nylex today — with regards to the restructuring plans for the whole group.

The more ppl buy the selling volumn increased

Such a great newe stil got sellers

Thats why we are seeing price keep dropping...quite usual too drop everyday wt high volumn

B4 announcing any big news like RTO for sure it present a big opportunity to goreng up the counter...to do that u need to accummulate as many shares as possible and MUST AT VR LOW PRICE....

After so many days dropped the ppl accummulating knows well how many shares stil in the mkt....they can stil dragged longer to force ppl to offload..

Talk is cheap indeed

At least mqtech signed a jv agreement

KUALA LUMPUR (July 15): MQ Technology Bhd (MQTech) has inked an investment and collaboration joint venture (JV) agreement with Hong Kong-based JD Resources International Ltd to acquire a company that is involved in the manufacturing and marketing of gloves and possesses an ongoing glove making factory.

To recap, last month MQTech had hogged the limelight following a news report published by The New Straits Times that it was a front runner, alongside Top Glove Corp Bhd, to acquire glove manufacturer Latexx Partners.

In a statement today, MQTech said its unit Microlead Manufacturing Sdn Bhd inked the deal with JD to expand their businesses and jointly cooperate to acquire the glove company, which it did not name, via the JV.

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It said MQTech and JD will subscribe and participate in the capital of the JV company at all times in the proportions of 30% and 70%.

MQTech said JD is currently engaged in the trading business with revenue of around RM639 million to RM1.28 billion per annum in the recent years and is in possession of extensive know-how and technical information concerning the manufacturing of personal safety apparels including nitrile rubber glove.

JD chairman Datuk Muzamir Mustafa said the company has flown more than 350 metric tonnes of rubber gloves, which it sources from local manufacturers to Europe alone in the past few months.

"On the back of our track record, several local banks have shown strong interest to participate in the acquisition exercise of a glove factory and currently we are negotiating with four glove companies before we conclude the acquisition in one or two weeks,” he said.

Meanwhile, MQTech executive director Terence Cheah Eu Lee said the negotiation for the glove company is at an advanced stage at the moment.

"More information will be announced to keep our shareholders informed in a timely manner,” he said.

MQTech said it will be entitled to increase its participation in the equity capital of the JV company by another 30% by acquiring 30% of equity capital held by JD at fair market value in due course.

MQTech, whose core business specialises in high-precision moulds and magnetic coils for hard disk drives, has been loss-making for the past five years.

The company slipped deeper into the red for the financial year ended Dec 31, 2019, with a net loss of RM7.48 million, from RM5.22 million for the previous financial year. Its annual revenue shrank to RM9.65 million from RM24.65 million.

At midday break, MQTech was unchanged at 8.5 sen, valuing it at RM60.91 million with 53.69 million shares done.

Goin to reach 10cts soon

KUALA LUMPUR (July 15): MQ Technology Bhd (MQTech) has inked an investment and collaboration joint venture (JV) agreement with Hong Kong-based JD Resources International Ltd to acquire a company that is involved in the manufacturing and marketing of gloves and possesses an ongoing glove making factory.

To recap, last month MQTech had hogged the limelight following a news report published by The New Straits Times that it was a front runner, alongside Top Glove Corp Bhd, to acquire glove manufacturer Latexx Partners.

In a statement today, MQTech said its unit Microlead Manufacturing Sdn Bhd inked the deal with JD to expand their businesses and jointly cooperate to acquire the glove company, which it did not name, via the JV.



It said MQTech and JD will subscribe and participate in the capital of the JV company at all times in the proportions of 30% and 70%.

MQTech said JD is currently engaged in the trading business with revenue of around RM639 million to RM1.28 billion per annum in the recent years and is in possession of extensive know-how and technical information concerning the manufacturing of personal safety apparels including nitrile rubber glove.

JD chairman Datuk Muzamir Mustafa said the company has flown more than 350 metric tonnes of rubber gloves, which it sources from local manufacturers to Europe alone in the past few months.

"On the back of our track record, several local banks have shown strong interest to participate in the acquisition exercise of a glove factory and currently we are negotiating with four glove companies before we conclude the acquisition in one or two weeks,” he said.

Meanwhile, MQTech executive director Terence Cheah Eu Lee said the negotiation for the glove company is at an advanced stage at the moment.

"More information will be announced to keep our shareholders informed in a timely manner,” he said.

MQTech said it will be entitled to increase its participation in the equity capital of the JV company by another 30% by acquiring 30% of equity capital held by JD at fair market value in due course.

MQTech, whose core business specialises in high-precision moulds and magnetic coils for hard disk drives, has been loss-making for the past five years.

The company slipped deeper into the red for the financial year ended Dec 31, 2019, with a net loss of RM7.48 million, from RM5.22 million for the previous financial year. Its annual revenue shrank to RM9.65 million from RM24.65 million.

At midday break, MQTech was unchanged at 8.5 sen, valuing it at RM60.91 million with 53.69 million shares done.

S5 not only jv wt htpadu n my eg..
in fact s5 hv approached all potential players to jv for this contract...

Haiz me too sell this am when it go down...

hv to overcome 18.5cts

Yes if u r stil holding buy low to average down..
n if u stil think rto is stil work in progress

Fr 30over cts to a 20cts as at today

When a stock price keep dropping? Someone must hv bn offloading

There is nothing right or wrong. I am just sharing my thought here..A few days ago i sold my connect even though i made loss but my decision was correct bcos i managed to make more fr the funds i hv at hand If i didnt i am now staring at further losses holding connect as the price keep going down.
Dont get me wrong I stil like Connect the whole RTO waiting game drained me as is not a cfmed n sealed deal.
I would certainly buy again when the time is right when the news is out even at higher price...
15/07/2020 10:10 AM

1st the Taikor Top 4 move for a few trading days...then today healthcare n glove 2nd liner counters all started to scale higher..Hv to ask ourslvs is the cycle complete or at tail end...if yes then Top 4 wil take a breather...mkt wil b dull n aimless again. Bear in mind 2020 Glove Counters wil b performing only til year end. Till the Top 4 start the cycle again...play caution to the klse sentiment...n beware of sharks everywhere bcos at klse most time sharks determined when retailers can come to swim wt them...

Haiz esceram..
stay stil at 60cts where else other healthcare counters fly up

Is bn awhile connect up 1.5cts lol

Glove counters now idea to play swing in out in out

No wrong ...i sold off my connect suffered a bit loss enter supermaxx made a few round...

News fr New Straits Times ...shud b true

This pc of news fr New Straits Times

2molo limit up

KUALA LUMPUR: PDZ Holdings Bhd and Sanichi Technology Bhd are planning to jointly develop a regional e-commerce logistics hub in Johor, which is estimated to cost over RM1.5 billion.

The logistics hub is designated to handle activities related to transportation, separation, coordination and distribution of goods for local and international transit, similar to Alibaba Group, and will target supply-chain players.


The New Straits Times (NST) sighted a document stating that the hub was expected to be developed over 234 acres in Desaru, Kota Tinggi.

People familiar with the matter said that the gross development value (GDV) would exceed RM20 billion.

It is understood that both PDZ and Sanichi would jointly apply for approval from the relevant government agencies in Johor to develop the hub.

Key officials from PDZ were not reachable at press time.

Sanichi group managing director Datuk Sri Dr. Pang Chow Huat, when contacted, confirmed that the company was planning to develop a regional e-commerce logistics hub in partnership with PDZ in Johor.

Pang said the logistics hub would be a mixed development comprising an e-commerce centre, a distribution centre, warehouses and a transit centre.

When asked to comment on the potential GDV for the development, Phang said "it will run into several billion ringgit."

"We are planning this hub to ride on the exponential growth in the e-commerce business across Asia. E-commerce has grown significantly since the outbreak of the Covid-19 last December and there is pent-up demand for the movement of goods.

"We decided to build the hub in Desaru as there is ample land available for development and it is strategically located," he said.

Sanichi is a property developer with an on-going development in Melaka called Marina Point, which is nearing completion.

The stock rose one sen or 13.33 per cent higher today to close at 8.5 sen with some 133.6 million shares traded.

PDZ is involved in the container liner business.

According to its website, it operates six vessels that cover domestic and regional trade between Malaysia, Brunei, Singapore and Myanmar.

Despite Pelaburan Mara Bhd's exit as the single largest shareholder in PDZ on July 3, the stock has been rising steadily.

PDZ's share price has shot up by more than 200 per cent from nine sen on July 7 to its closing price of 24 sen today, boosting its market capitalisation from RM79.79 million to RM208.35 million.

The stock rose three sen or 14.63 per cent higher today, with 581 million shares changing hands.

Sure limit up for both counters

KUALA LUMPUR: PDZ Holdings Bhd and Sanichi Technology Bhd are planning to jointly develop a regional e-commerce logistics hub in Johor, which is estimated to cost over RM1.5 billion.

The logistics hub is designated to handle activities related to transportation, separation, coordination and distribution of goods for local and international transit, similar to Alibaba Group, and will target supply-chain players.


The New Straits Times (NST) sighted a document stating that the hub was expected to be developed over 234 acres in Desaru, Kota Tinggi.

People familiar with the matter said that the gross development value (GDV) would exceed RM20 billion.

It is understood that both PDZ and Sanichi would jointly apply for approval from the relevant government agencies in Johor to develop the hub.

Key officials from PDZ were not reachable at press time.

Sanichi group managing director Datuk Sri Dr. Pang Chow Huat, when contacted, confirmed that the company was planning to develop a regional e-commerce logistics hub in partnership with PDZ in Johor.

Pang said the logistics hub would be a mixed development comprising an e-commerce centre, a distribution centre, warehouses and a transit centre.

When asked to comment on the potential GDV for the development, Phang said "it will run into several billion ringgit."

"We are planning this hub to ride on the exponential growth in the e-commerce business across Asia. E-commerce has grown significantly since the outbreak of the Covid-19 last December and there is pent-up demand for the movement of goods.

"We decided to build the hub in Desaru as there is ample land available for development and it is strategically located," he said.

Sanichi is a property developer with an on-going development in Melaka called Marina Point, which is nearing completion.

The stock rose one sen or 13.33 per cent higher today to close at 8.5 sen with some 133.6 million shares traded.

PDZ is involved in the container liner business.

According to its website, it operates six vessels that cover domestic and regional trade between Malaysia, Brunei, Singapore and Myanmar.

Despite Pelaburan Mara Bhd's exit as the single largest shareholder in PDZ on July 3, the stock has been rising steadily.

PDZ's share price has shot up by more than 200 per cent from nine sen on July 7 to its closing price of 24 sen today, boosting its market capitalisation from RM79.79 million to RM208.35 million.

The stock rose three sen or 14.63 per cent higher today, with 581 million shares changing hands.

KUALA LUMPUR: Hextar Rubber Sdn Bhd and Datuk Ong Choo Meng, who offered RM1.80 per share in their takeover of Rubberex Corp (M) Bhd, explained that there was concern among them and the sellers about the surge in the glove maker's share price.

In the circular to Rubberex shareholders on Monday, Hextar Rubber and Ong – the joint offerors -- said the rapid increase in the price of small-cap glove maker Rubberex shares in reaction to the Covid-19 pandemic, “may not be sustainable in the long run”.

“Further, certain stockbrokers had also imposed share margin caps on the trading of glove counters including Rubberex on June 2,2020 as a result of these concerns, ” the joint offerors said.

https://www.thestar.com.my/business/business-news/2020/07/13/hextar-ong-explain-rationale-of-rm180-offer-price-for-rubberex

byk btl 24sen di telan

higher than normal day

Today high volumn though

U need some speculative play in msia for a counter to spike up...

Fpgroup didnt hire ppl to goreng thats why share cant moved much

Wt the news so bad shudnt be retailers picking all

Cant see it dropped beyond 15cts...they are definitely collecting btw 16- 17cts...there might b anor upswing or else who the hel is buying

Revised TP RM32

https://www.theedgemarkets.com/article/kenanga-research-raises-target-price-top-glove-rm32?type=malaysia

Top Glove TP revised to RM32