bk to .75cts

8cts done ...somebe throw 0.075

KLSE sentiment all dependent on glove counters...confidence higher when looking at glove countera scaled new high...gonna be choppy as glove take breather

Perfect to play swing

Good sign keep sapu sellers price

today flying...hope so

0.075 done

0.075 coming

Collected alot at 6.5-7cts...lets hope fly soon...

im holding since 18-19 cts keep topping up...

https://www.thestar.com.my/business/business-news/2020/07/08/glove-demand-supply-imbalance-to-normalise

All eyes on Semperit as it delays sale of Latexx Partners

By Supriya Surendran | The Edge Malaysia | 2020-07-07 17:00:00
SEMPERIT AG Holding’s next move will be closely watched by investors, given that it has decided to delay the selling of its medical business Sempermed, which includes Kamunting-based glovemaker Latexx Partners Bhd.

Sempermed is one of the world’s leading manufacturers of examination and surgical gloves as well as protective gloves for the industrial sector. In its industrial sector are Semperflex, Sempertrans and Semperform, which make hydraulic and industrial hoses, conveyor belts and moulded as well as extrusion products made of rubber and plastic.

When contacted by The Edge, a Semperit spokesperson explained that the group, which is listed on Vienna’s stock exchange, had in January decided “to separate” Sempermed — which manufactures examination and protective gloves in Malaysia under Latexx Partners, and surgical gloves in Austria — from its industrial business.

However, the Covid-19 crisis has set new priorities for the group, the spokesperson says. “In the current phase, the focus is on supply security for Austria. Semperit is fulfilling its responsibility to Austria and supporting the republic with its medical gloves in order to make the greatest possible contribution to combating the coronavirus crisis. For these reasons, the implementation of the strategic landmark decision to separate from the medical business will be delayed in any case.”

The group added that it took the decision because of intensifying competition in the gloves sector. “This includes considerable overcapacity, an increasing gap with the market leaders in terms of unit numbers and production automation, and the fact that the continuation of the medical business requires particularly high investments against this background.

“Short-term demand cycles do not change the basis for this fundamental strategic decision. But if the strategic landmark decision changes, we will inform the public accordingly,” the spokesperson says.

However, she declined to comment on whether the group has sourced a buyer yet or on the disposal price for Latexx Partners.

The Edge, quoting a source, reported in February that Top Glove Corp Bhd was in talks to take over Latexx Partners.

On June 18, New Straits Times also, quoting a source, reported that Top Glove was a frontrunner to take over Latexx Partners. It named Penang-based MQ Technology Bhd (MQ Tech) as another buyer.

The report also stated that Latexx Partners could be sold for about RM300 million. This came as a surprise to some analysts, given that Semperit had paid close to RM600 million to secure a 98.56% stake in 2012 from then largest shareholder and CEO, businessman Low Bok Tek. Latexx Partners was delisted from Bursa Malaysia

All eyes on Semperit as it delays sale of Latexx
5 hours ago
All eyes on Semperit as it delays sale of Latexx Partners

By Supriya Surendran | The Edge Malaysia | 2020-07-07 17:00:00
SEMPERIT AG Holding’s next move will be closely watched by investors, given that it has decided to delay the selling of its medical business Sempermed, which includes Kamunting-based glovemaker Latexx Partners Bhd.

Sempermed is one of the world’s leading manufacturers of examination and surgical gloves as well as protective gloves for the industrial sector. In its industrial sector are Semperflex, Sempertrans and Semperform, which make hydraulic and industrial hoses, conveyor belts and moulded as well as extrusion products made of rubber and plastic.

When contacted by The Edge, a Semperit spokesperson explained that the group, which is listed on Vienna’s stock exchange, had in January decided “to separate” Sempermed — which manufactures examination and protective gloves in Malaysia under Latexx Partners, and surgical gloves in Austria — from its industrial business.

However, the Covid-19 crisis has set new priorities for the group, the spokesperson says. “In the current phase, the focus is on supply security for Austria. Semperit is fulfilling its responsibility to Austria and supporting the republic with its medical gloves in order to make the greatest possible contribution to combating the coronavirus crisis. For these reasons, the implementation of the strategic landmark decision to separate from the medical business will be delayed in any case.”

The group added that it took the decision because of intensifying competition in the gloves sector. “This includes considerable overcapacity, an increasing gap with the market leaders in terms of unit numbers and production automation, and the fact that the continuation of the medical business requires particularly high investments against this background.

“Short-term demand cycles do not change the basis for this fundamental strategic decision. But if the strategic landmark decision changes, we will inform the public accordingly,” the spokesperson says.

However, she declined to comment on whether the group has sourced a buyer yet or on the disposal price for Latexx Partners.

The Edge, quoting a source, reported in February that Top Glove Corp Bhd was in talks to take over Latexx Partners.

On June 18, New Straits Times also, quoting a source, reported that Top Glove was a frontrunner to take over Latexx Partners. It named Penang-based MQ Technology Bhd (MQ Tech) as another buyer.

The report also stated that Latexx Partners could be sold for about RM300 million. This came as a surprise to some analysts, given that Semperit had paid close to RM

Cannot everyday up...must stimes go under SC radar or else got query for everyday price movement...today closed unchanged or up 1cts wil b nice...cont journey 2molo

Lets hope they support it closing unchanged or in green

Mkt sentiment turn bearish abit wt glove counters in red bring down klse index...

Any down turn opportunity to buy...ive bn collecting since 17.5cts..

While no action at Connect hv a look at anzo

Once reached 30cts sure ppl wil put more attention then up n down swing wil come into play

1 day climb 2-5 cts wil dont need to attract sc attention...

Buy and keep ...tp rm2-3 if all the co plans materialised

Good counter but nobody notice

https://www.facebook.com/64839963085/posts/10158599399123086/?sfnsn=mo

Big Boulder at 1.55...everytime reached 1.54 saw rm1.55 legs n hands shake dont dare to move up

every single cts upwards face wt heavy seller volumn

This counter buy and keep till Niis Announcement...alot of rotational play along the way

Gap Up collect enuf

step aside Connect show wil begin

so many resistance my eg so many sellers...how to move up

Flying high

By theedgemarkets.com | 2020-07-06 09:01:47
KUALA LUMPUR (July 6): RHB Investment Bank has maintained its “Buy” rating on Hartalega Holdings Bhd at RM16 with a higher DCF-derived RM19.00 target price (TP) from RM11.80, 19% upside and 1% yield.

In a note today, the research house said gloves demand is still increasing and it expects inventory levels to remain extremely tight.

“We raise our earnings estimates and TP due to higher average selling prices (ASPs).

“Our new TP reflects 43.7x CY21F P/E, or +1.5SD above the 5-year mean valuation.

“The premium is justified, given Hartalega’s highest exposure (96%) to nitrile gloves, which command better ASPs.

RHB said demand should continue to surge throughout 3Q20, as COVID-19 is still spreading.

It said in 2019, the US consumed an estimated 92.7 billion pieces pa (ppa) of gloves – equivalent to 35% of global demand.

“This makes it the biggest gloves consumer globally.

“As COVID-19 cases remain high in the US, gloves demand should stay exceptionally high due to the essential need to protect healthcare workers,” it said.

RHB said it has increased Hartalega’s FY21F-23F (Mar) earnings forecasts by 32-50%.

“In the short term, 1QFY21 core earnings should be much better, as it reflects the full quarter of ASP increases.

“Post COVID-19, Hartalega’s earnings growth outlook remains positive, as we expect gloves demand to continue its usual uptrend of 8-10% growth due to higher hygiene awareness globally,” it said.
06/07/2020 1:07 PM

By theedgemarkets.com | 2020-07-06 09:01:47
KUALA LUMPUR (July 6): RHB Investment Bank has maintained its “Buy” rating on Hartalega Holdings Bhd at RM16 with a higher DCF-derived RM19.00 target price (TP) from RM11.80, 19% upside and 1% yield.

In a note today, the research house said gloves demand is still increasing and it expects inventory levels to remain extremely tight.

“We raise our earnings estimates and TP due to higher average selling prices (ASPs).

“Our new TP reflects 43.7x CY21F P/E, or +1.5SD above the 5-year mean valuation.

“The premium is justified, given Hartalega’s highest exposure (96%) to nitrile gloves, which command better ASPs.

RHB said demand should continue to surge throughout 3Q20, as COVID-19 is still spreading.

It said in 2019, the US consumed an estimated 92.7 billion pieces pa (ppa) of gloves – equivalent to 35% of global demand.

“This makes it the biggest gloves consumer globally.

“As COVID-19 cases remain high in the US, gloves demand should stay exceptionally high due to the essential need to protect healthcare workers,” it said.

RHB said it has increased Hartalega’s FY21F-23F (Mar) earnings forecasts by 32-50%.

“In the short term, 1QFY21 core earnings should be much better, as it reflects the full quarter of ASP increases.

“Post COVID-19, Hartalega’s earnings growth outlook remains positive, as we expect gloves demand to continue its usual uptrend of 8-10% growth due to higher hygiene awareness globally,” it said.

Tech stock doing well too past few session greatec uwc penta dufu all doin all time high

Connect no show today...top 4 glove counters take center stage...2gether wt Anzo

https://www.theedgemarkets.com/article/top-glove-kossan-supermax-and-hartalega-scale-new-heights-anticipation-even-greater-demand?type=malaysia

Top Glove, Kossan, Supermax and Hartalega scale new heights on anticipation of even greater demand for rubber gloves

Could b collecting b4 announcing which china co taken up stake..

If it fall i stil buy..long term stil vr bullish

Wt so many great news why wanted to exit so early ...hold

3 great news..if all materialised Anzo shud b worth rm2-3 a share..Now 23 cts is considered vr cheap...long term prospect vr good indeed...buy n hold

KYY spot on

This is how stock markets work!

A very cold winter!

It was autumn, and the Red Indians asked their New Chief if the winter was going to be cold or mild.

Since he was a Red Indian chief in a modern society, he couldn’t tell what the weather was going to be.

Nevertheless, to be on the safe side, he replied to his Tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared.

But also, being a practical leader, after several days he got an idea. He went to the phone booth, called the National Weather Service and asked ‘Is the coming winter going to be cold?’

‘It looks like this winter is going to be quite cold indeed,’ the weather man responded.

So the Chief went back to his people and told them to collect even more wood. A week later, he called the National Weather Service again. ‘Is it going to be a very cold winter?’

‘Yes,’ the man at National Weather Service again replied, ‘It’s definitely going to be a very cold winter.’

The Chief again went back to his people and ordered them to collect every scrap of wood they could find.

Two weeks later, he called the National Weather Service again.

‘Are you absolutely sure that the winter is going to be very cold?’ ‘Absolutely,’ The man replied. ‘It’s going to be one of the coldest winters ever.’

‘How can you be so sure?’ the Chief asked.

The weatherman replied, ‘The Red Indians are collecting wood like crazy.’

This is how stock markets work

In btw now & then hopefully can earn a few rounds

If believed RTO stil on buy n keep lo...if go lower buy again. Dont need to wait vr long...Niis announcement coming Aug...So RTO shud b sealed n done b4 then...

Nowadays not easy wt Good News Also many said is fake news...news came out b4 2.30pm after trading resumed shot up to 20.5cts fr then onwards goin south

Ever imagine once in a life time trend for yr co share to go up...but the co owner go n sell it at rm1.80...where the rest counter moving...this counter no action at all ..

Yes selling mine too

Hopeless counter...mkt so bullish wt golve n riding on trend ....but yet dont move at all..

Awaken

Flying