Oct - Dec even better
Rev. 1.25 bil x RM0.287 = RM356.75 mil
Cost = 1.25 bil x RM0.086 = 107.5 mil
PAT = 187 mil
Current price is way undervalue. you decide.

Estimated earning
Rev. 1 bil x RM0.228 = RM228 mil
Cost = 1 bil x RM0.083 = 83 mil
PAT = 108.75mil
Trailing PE only 5
Undervalue Undervalue Undervalue

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

This list looks very damn good......................

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

This list looks very damn good......................

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

At the current pace, Supermax will be in Top 5 after First Quarter (July-Sep20) financial report.

For comparison between Supermx and Harta

Harta QR 219m M.Cap 67.7 Price 19.76
Supermx est QR 400m M.Cap 32.6 Price 24.00

If Supermax Q4 result around 400 mil, It doesn't make sense that Supermax's M.Cap is only half of Harta. So I think Supermax has a lot of room to move up after the QR. At least 50 just to be at par with Harta.

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

At the current pace, Supermax will be in Top 5 after First Quarter (July-Sep20) financial report.

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

No joke, bonus 1 to 1. Can you imagine supermax and overtake Tenaga to be in Top five.

4 gloves factories are on the line. That is a lot of negotiation going on next two weeks.

Im expecting next week 20-24 trading around 11 to 14 cent. Then 27-31 gap up to 25 to 30cent.
Let see what happen. MQ CEO is playing the guessing game.

Smaller company like MQT & JD to have a RTO of a bigger company like Latexx is not a impossible feat. Look what happen to ANCOMLB just did it and its share price

MyEG said its subsidiary and other vendors S7 Holdings Sdn Bhd, Merrington Assets Ltd (MAL) and Avocat Sdn Bhd had entered into a heads of agreement with Ancom Logistics and its parent Ancom Bhd to undertake a reverse takeover (RTO) of S5.

USA is in dire need of gloves and PPE. Now USA custom impose CBP detention order on TG.
Tan Sri Lim need to call Trump to use executive order to force custom department to remove TG detention order ASAP just like he
force USA manufacturer to produce PPE.

https://www.chinapress.com.my/20200716/%e6%b6%89%e5%89%a5%e5%89%8a%e5%...

Investors will start abandoning TG ship and move to Supermax, Harta, Kossan.

I think TG detention is not FDA detention. It is most likely CBP social compliance which advocated by Andy Hall as follow;
Malaysian glove manufacturers - including WRP and Top Glove who supply medical and rubber gloves globally - have been accused of mistreating workers, allegedly subjecting migrant workers to forced labour, forced overtime, debt bondage, withheld wages and passport confiscation.
ANDY HALL is a migrant worker rights specialist working in South and Southeast Asia
WRP got into trouble and now TG.
If TG in USA custom CBP detention list, all container will be rejected to entry to USA. Serious problem.

I think TG detention is not FDA detention. It is most likely CBP social compliance which advocated by Andy Hall as follow;
Malaysian glove manufacturers - including WRP and Top Glove who supply medical and rubber gloves globally - have been accused of mistreating workers, allegedly subjecting migrant workers to forced labour, forced overtime, debt bondage, withheld wages and passport confiscation.
ANDY HALL is a migrant worker rights specialist working in South and Southeast Asia
WRP got into trouble and now TG.
If TG in USA custom CBP detention list, all container will be rejected to entry to USA. Serious problem.

TG in FDA detention list !!! If true, all investors will abandon TG and move to Harta, Supermx and Kossan.
Supermx has OBM and big warehouse in USA. They will make a killing if TG containers all detain at USA port.
USA will be short of gloves big time and ASP will go thru the roof.

TG in FDA detention list !!!!
Better run if it is true.

Comfort boss Mr. Cheang Ken acquire major shares of IRCB(PN17 at the time) many year back at around 12 cent. Dark horse Mr. Ken and Sean(son) work very hard and make the company successful and share price of Comfort improve to around 85 cent before pandermic. Now Comfort share price is 3.78 and the rest is history. I do not know if Comfort split or bonus issue after IRCB.

MQ + JD + Latexx another successful story. Lets see.

The Executive Director of MQTech, Terence Cheah Eu Lee[谢有利]said, “The negotiation for the Glove Company is at an advanced stage at the moment.

I expect MQ will be goreng to around 28cent before end of July. In the beginning of August, the truth will be debunked. If acquisition of Latexx is true, MQ have stake of 30% of JV company then MQ should worth more than 1.00 easily. If not successful, MQ will fall back to < 10cent even successfully acquire other smaller 3 gloves factories.

Hope Latexx deal work out. Cheer

By the way, new medical grade exam or surgical gloves factory need about two year to get USA FDA 510k and Malaysia MDA approval.

Do not even know how a company shares work. Not to mention all the medical registration for medical device approval works.

Take over a company means shares transfer to new JV owner only not change of company name. Latexx Partner name remain unchanged so does the FDA, MDA and other medical device listing numbers. As simple as that.

I think because of solid background of JD International Limited, the new JV will be able to secure few hundred mil bank facilities. Couple with new CEO and management team, I think they can do it in couple of month time to make it work and start making money.

By the way, I heard that Latexx only running at 40% capacity due to lack of fund for machines maintenance, factory facilities updates, monthly expenses after many year of deficit income. Latexx is in dire need of capital and I assume Semperit is reluctant to pump in fresh money and also no help from bank to restart the full capacity during this pandermic golden period. While many other gloves factories are making money, Latexx's opulent Indian CEO use helicopter to go to factory and spend like no tomorrow. How do you expect the company to make money with such a CEO and director.

Forget about the other 3 gloves factories that they intend to buy, Latexx is big enough to be just behind big 4. Latexx has 6 plants and has about 90 single and double production lines. They are even bigger than Comfort in term of capacity. During hey day 2012, they made 70 mil on 500+mil rev. However, since previous owner Mr. Low sold it to Semperit for 600+mil, it was ill managed and loss money for many year. Now Semperit try to get rid of Latexx for 300mil but under one most important condition which they must secure enough supply for Austria and their own.
If MQ and JD collaborate with banks and took over Latexx, they need to pump in more capital to update the production facilities to get it going ASAP.
If MQ can secure Latexx, its share price will explode to the moon.

Looks like investors start taking profit in big 4 and move to 3 small rubbish Comfort, Rubberex, Careplus

No water in Meru, Klang for Tues, Wed, and Thur. Dont know if Supermax, TopGloves and Kossan are affected

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. PBB
5 Supermax
6 Tenaga
7 PChem
8 IHH
9 CIMB
10 Maxis

I need to revise my Top 10 MCap.

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. Tenaga
5 PBB
6 PChem
7 IHH
8 Supermax
9 CIMB
10 Maxis

Supermx in top 10 Looks very promising

My estimated Apr-June qtr NP for
Supermax = 320m - 350 m
Harta = 250m - 300 m
Kossan = 100m -150 m

Harta & Kossan investors are starting to abandon ship and move to Supermx.

My estimated Apr-June qtr NP for
Supermax = 320 - 350 mil
Harta = 250 mil - 300 mil
Kossan = 100 mil -150 mil

Investors will realize it and abandon Harta & Kossan & TopGloves and AL1117 Supermax. This will push Supermax share price to the moon.

My estimated March-June qtr NP for
Supermax = 320 - 350 mil
Harta = 250 mil - 300 mil
Kossan = 100 mil -150 mil

Investors will realize it and abandon Harta & Kossan & TopGloves and AL117 Supermax. This will push Supermax share price to the moon.

My prediction for end Dec KLSE top 10 MCap companies as follows;

1. Top Gloves
2. Harta
3. Maybank
4. Tenaga
5 PBB
6 PChem
7 IHH
8 Supermax
9 CIMB
10 Maxis

@huatarr888,
Supermax better share price upside potential in comparison since OBM fatch much higher ASP thus net profit. I myself switch from Kossan to Supermax since May. I recognized that earlier and many will soon.

Kossan AGM quoted; (ASP will increase in the professional way with business partners
+5% for april to june n may substantially increase after June.)
All investor of Kossan will move to Supermax this afternoon and Supermax share price will
double that of Kossan very soon. You will see big disparity earning between these two companies this qtr. 300 mil vs 110 mil.

Many naysayers look askance why Supermx break record high since April. The actual fact is its OBM model make a lot of profit that many people are unfathomable and beyond believe. Estimated 4 qtr PAT around 300 - 350 mil compare to Kossan 100 - 150mil. I think many IB or insiders get a first look at it this few days and that's why its share price goes off the roof today.
Tomorrow will be Kossan AGM and I believe their response about ASP and few other key information will be similar to Comfort's response. That is the reason why share price of Comfort stay dovish since AGM. I think Kossan investors will abandon ship and move to Supermax tomorrow due to non explosive ASP compare to Supermax.
Share price of Supermax can easily double of Kossan. That is my take.

Im pretty sure that Supermx 4 qtr NP will be triple of Kossan which is 320mil vs 110mil based on their ASP.
Go figure out. Share price of Supermx easily double of Kossan.

Jun 11, 2020 1:38 PM | Report Abuse

My prediction for end Dec KLSE top 10 MCap company as follows
1. Top Gloves
2. Harta
3. Maybank
4. Tenaga
5 PBB
6 PChem
7 IHH
8 Supermax
9 CIMB
10 Maxis

Anyone can bet to match exactly top 5 as stated above, payout ratio is 1 to 10
Match exactly top 10, payout ratio is 1 to 50


WOW, end of Dec It might happen. COME COME COME
Place your bet.

Jun 11, 2020 1:38 PM | Report Abuse

My prediction for end Dec KLSE top 10 MCap company as follows
1. Top Gloves
2. Harta
3. Maybank
4. Tenaga
5 PBB
6 PChem
7 IHH
8 Supermax
9 CIMB
10 Maxis

Anyone can bet to match exactly top 5 as stated above, payout ratio is 1 to 10
Match exactly top 10, payout ratio is 1 to 50


WOW, end of Dec It might happen. COME COME COME
Place your bet.

infinity888 I just met a distributor from Spain and they say they are buying from topglove and harta at 30-35 USD only... They are regular customer of TG and harta.....

Only 30 to 35 is consider a lot for TG

TG produce about 6 b gloves a month, 18 bil per quarter
Previous quarter 18b has GProfit of 18mil x (22.50 ASP - 17/1000 cost) x4.25 = 420 mil
Now said ASP 32.50, Assume same capacity, Additional GP is 18 mil x 10 x 4.25 = 765 mil
Next quarter GP will be around 420 + 765 = 1185mil = 1.185 bil
Gross Profit 1.185 bil
Im not even include Spot price at 60 to 80 as we speak.

30 - 35 only !!!!!

Latexx is owned by Semperit Austria. During Covid, Latexx becomes strategic and critical company for Austria. I'm pretty sure they will not sell to TG not even for RM 1 billion. I'm sure they want full control of Latexx to secure gloves supply and the only way is by RTO of MQT besides recuperate their investment.

If RTO successful, Semperit most likely to change MQ to SEMPERMED BHD since
sempermed Thailand has a relatively good reputation in medical field in term of gloves.

If Latexx needs an CEO after MQ RTO, I would be happy to take up the challenge with remuneration of RM 1 per month salary with 5% of profit.

The same management of Latexx will be there( or headhunter a new CEO from other gloves company) after RTO share swap, issue of new 6.3 bil share and reverse split 10 to 1 will do the job to inject Latexx asset and liability into MQ. Then your existing share will be diluted. Semperit will hold 90% + share and placement to IB at 0.80 to 1.0 and IB are happily goreng the price to RM5 end of year of course with promises from Latexx to backup with excellent financial result next few quarters.

Normally, TG bid for MQ needs vigilant DD and will take a lot of time since Latexx is private company and incur substantial losses last few year. TG does not want to repeat overpaid of last mega acquisition of Aspion. Couple with Semperit wants to recover their 580 mil investment in Latexx. So TG will need to pay a lot more than 300 mil to acquire Latexx from Semperit. TG have slim chance of making it works.
So RTO of MQ is more logically way for Semperit to recover their huge investment losses in Latexx .It is the perfect time now to do it because RTO will take only few weeks and MQ is happy to help because of dire future of the company. Once RTO complete, it will change the MQ name to GLOVES Bhd. During this pandemic, it will be easy for GLOVES Bhd to secure full gloves order until next year with higher ASP price. Even with 10% higher production cost, the new GLOVES BHD will easily report much better financial report from July to Sep and Oct to Dec quarter. I estimate their top line of 200mil and bottom line of 35mil for July to Sep quarter, 250 mil and 80 mil for Oct to Dec quarter.
This is what I believe Semperit will do to Latexx Partners by RTO and can turn it into a 5 bil company in one year. IMHO

TOP Glove Corp Bhd is understood to be in talks to take over competitor Latexx Partners Bhd, sources familiar with the matter tell The Edge.

The talks are said to have been ongoing for some time now, with a deal likely to be concluded soon, the sources add. “Expect an announcement as early as next week,” one of the sources says

About Latexx Partners Berhad

Since November 2012 Latexx Partners Berhad has been part of the publicly listed Semperit AG Holding company, which is an internationally-oriented group that develops, produces, and sells highly specialised rubber and plastic products for the medical and industrial sectors.

Latexx Partners Berhad is located on the Kamunting Industrial Estate, in northern peninsular Malaysia, in close proximity to Penang seaport and the Penang international airport.

The company started operations in 1988. Today, Latexx is one of the largest medical examination gloves producers in Malaysia.

We distribute and sell our gloves worldwide, capitalising on our strong market representation around the world. Our gloves are currently distributed to more than 300 customers in 80 countries.

TG is bidding Latexx Partner business for RM300 mil. If TG successful, it will increase the business in Billion $$$ and hundred of Million profit instantly. Together with organic 2 factory this year. Sky is the limit. Next year TG will overtake Maybank as No. 1 market cap company in Malaysia.