Sold already. Good exit price? Or can go up further?

On behalf of the Board, TA Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants B at RM0.56 per Warrant B.

Malaysia copper rods and copper wire export:-

Jan 2020 238,047,820
Feb 2020 257,446,576
Mar 2020 242,461,626
Apr 2020 155,449,104
May 2020 199,526,168
Jun 2020 260,002,766
Jul 2020 132,611,988
Aug 2020 104,854,544
Sep 2020 176,642,974
Oct 2020 212,373,956
Nov 2020 230,607,336
Dec 2020 307,801,517
Jan 2021 385,764,068
Feb 2021 413,767,810

Big loss on KNM last year. Feel want to re-enter, RM0.20 good price?

Straits 38% owned associated company Banle Energy was selling 655,660MT at ASP US$357.3 and profiting US$2,618 for FY2020.

From techfast latest filling, low sulphur fuel oil is approximately US$500 (RM2,056) per MT at the moment. A 40% increase of ASP compare to last year average.

https://www.theedgemarkets.com/article/techfast-bags-rm22b-contract-supply-marine-fuel-oils

Banle FY2019 PAT US$1,316m, Straits sharing profits from associates = RM2,523m

Banle FY2020 PAT US$2,618m, Straits sharing profits from associates = RM?,???m?

Straits associate firm Banle Energy to file for HK IPO
https://www.thestar.com.my/business/business-news/2021/03/02/straits-associate-firm-banle-energy-to-file-for-hk-ipo

Application proof:
https://www1.hkexnews.hk/app/gem/2021/103243/documents/gem21030202158.pdf

Banle Energy FY2020 PAT US$2618, 99% y-o-y increase.

If Banle IPO at PE 15, market cap at c. US$ 40million or RM160million.
If Banle IPO at PE 20, market cap at c. US$ 52million or RM212million.

Straits owned 38% equity in Banle. Looking forward for the prospectus, see how much value created to Straits.

This price is trading at PE 42 of year 2019 earnings. Huh?

Revenue increased steadily from RM1.4 Billion in 2016 to RM6 Billion in 2020, representing a 5 years CAGR of 33.7%. Net profit as well posted a 5 years CAGR of 33.1%.

Strong Resistance ehh, need Arberdeen helps!

US imported Vinyl gloves in quantity for year 2020 increased nearly 50% compare to rubber gloves at only 20%.

The ASP of imported vinyl gloves has risen from US$10.56 in 2019 to US$26.20 in 2020, a 148% y-o-y increase, the ASP for Q4 was US$36.56.

On the contrary, the ASP of imported rubber gloves has risen from US$24.85 in 2019 to US$36.84 in 2020, a 48.3% y-o-y increase only, the ASP for Q4 was $54.43.

I believe it was due to shortage of rubber gloves, and US forced to import higher volume of vinyl gloves thus paying higher ASP. ASEAN glove makers need to capture the additional 50% or nearly 30 billion pieces of vinyl glove volume back to rubber glove market share.

From the import data, can notice that Continental is importing automotive parts from Notion. Guess Continental is one of their main client for automotive segment.

Volkswagen ID.3 electric vehicle used brunch of Continental automotive components, speculate VW is the EV player mentioned in last quarter report.
https://www.continental.com/resource/blob/238874/5bf878487d0c87f627ad7dd08b81d5c5/there-s-a-lot-of-continental-in-the-new-id-3-data.pdf

CU Store opening this month?

Q4 recorded all time high volume of shipment for past 4 years.
https://importkey.com/i/notion-venture-sdn-bhd

FY2020 PAT = RM1087m or EPS 42.5c.
First Interim Dividend = 3c
Second Interim Dividend = 3c
Special Dividend = 8c
Final Dividend = Yet to announce?
If base on 30% of PATAMI dividend policy, final dividend likely 6.75c to be announce during AGM? Total FY2020, 30% normal dividend + 18.8% special dividend.

Margma underestimated the global glove demand, it's 360 billion piece for last year.

https://klse.i3investor.com/blogs/glovestronk/2021-02-05-story-h1540335739-Malaysia_Rubber_Glove_Export_Year_2020.jsp

“Despite the Covid-19 pandemic, most Malaysian customers still prefer to visit grocery stores instead of shopping online, ” he said.

He noted that KK Mart and Speedmart are still opening physical stores every week despite the growth of online grocery delivery.

Family Mart, 7-Eleven and Mynews are also still opening more stores despite the pandemic, and CU convenience store from South Korea will be opening new stores in Malaysia.

https://www.thestar.com.my/business/business-news/2021/02/08/dissecting-online-and-offline-grocery-sales

My comment apart of the two points you mentioned in the increased of operating expenses are:-
1)Sharp increase in raw material costs
2)Higher staff costs such as Covid-19 related expenses, OT and year end bonuses
3)Increasing in exporting cost mainly due to 3-5 fold of freight charges particular for owned oversea distribution centers.

@treack, this is all part of the report.

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Disposable glove industry outlook: https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

Left hand borrow shorties, right hand collect at cheaper price. Let see next week update, high probably has acquisition on open market.

Intco Medical up to date annual capacity are 24 billion vinyl gloves and 12 billion nitrile gloves.

Was expecting FY2021 to make RM3 Billion, another lucrative dividend :))

FY2020 likely to make RM1,100m and so far only RM76.74m dividend been distributed. If based on 30% dividend policy, the outstanding final dividend is around RM330m or RM0.10 per share for 2020. I hope there's a special dividend announce for financial year 2020.

Market is sick, dare to buy Mr DIY at annualized PE 60, but no dare to buy Kossan at Year 2019 PE of 46?

CRC still stay 30% higher price than last quarter at around RM3500/mt, no problem for two quarter QoQ growth.

For F’21 H1, Ansell is expecting to deliver organic growth north of +20%¹1and unaudited Earnings Per Share (“EPS”) in the range of 81¢-84¢¹(representing62% -68% growth on F’20 H1 EPS of 50.1¢).As a result, Ansell now anticipates to exceed F’21 EPS guidance range of 135¢ -145¢ (provided on 30 October 2020).

https://www.thestar.com.my/business/business-news/2021/01/19/cold-weather-sky-high-gas-prices-burnish-coals-appeal

Bulk carrier bull run is coming? Iron ore, coals, soy bean and etc seen price surging since November as a result of high demand.

https://www.nst.com.my/business/2021/01/658136/kossans-gloves-orders-fully-taken-until-end-2021

Spot order allocation increase to 20%.
FY2020Q3 estimated Blended ASP = USD35
FY2020Q4 ASP +50% QoQ
FY2021Q1 ASP +50% QoQ

Current market cap RM10.9b. Estimated FY2021 NP = RM3.5b-RM4.0b# 3-years return?

Well done Ben! Looking forward for your update on the percentage deposit part.

secure EV auto parts contract kah? or HDD segment?

why suddenly up?

Anyone know what is the previous LHDN contract value?

Another excellent write up by Ben! I wonder if the short participants dare to extend their shorts till 4% on RSS aggregated net short position. If yes, what will happen if cancellation of 178,361,800 treasury shares by Top Glove? Over 4% and short squeezing triggered? Ermm...

Sad, running behind Sri Trang's market cap, should be at RM14b

Q4 likely posted RM70 PAT and make it RM150m for FY2020. Good to start a new year 2021 with higher capacity estimated at 5.6b pieces per annum.

Likely the same person who bought over the directors disposal thru DBT recently to average down.

Wonder how the second tranche PP owner felt, he/she has suffered 42.2% paper loss.

Post pandemic, 10.5b capacity, with 90% utilisation rate, ASP USD30 and NP margin of 10%, PAT per year nearly RM113m. Market Cap justify at RM1,695m with organic PER of 15. If you can agree just buy loh, if not then move away to other sector.

Likely Malaysia still has much space to improve in urban population density per convenience store.

Ermm.. Abeerden keep buying eh?

Off many months already... like 2021-2022 is earning RM0.00 NP lol

Okay lah, when AT goreng until RM1b market cap with less than 1b existing capacity, let see how market reacted to Careplus RM1.3b market cap with c. 5b existing capacity and continuos profiting.

Venture into NBR latex, not glove. Current NBR latex spot price as high as $3 per kg compared to last year $1 per kg.