CIMB is the worst bank out of the top 4 banks in Malaysia in terms of ROE. This is probably why the stock price is trading below NTA. I am anticipating huge impairments ahead for this bank. Dividend payment is not likely to be as high as previous years.

@choysun I'm still keeping some genting shares for mid-long term lah.

@DestinyL I'm not bias and just stating the facts.

Thanks for the RM1 gain. Easy money. Time to sell loss making Genting to buy net cash and 1b+ per quarter profit gloves company. I don't know how long it'll take Genting to return to pre-covid levels. GENM already koyak for Q4 2020 due to CMCO. I'm not spreading lies, this is the truth.

TF is now doing deliveries to get sympathy from the public. This baller paid 90 cents of dividends when the AAX was already doing badly and AA's share price was already tanking. AA and AAX is burning cash like cray cray. The government should not bailout these mismanaged companies and get rid of this selfish con artist, then sell AA and MAS to China to save Malaysian jobs. Proton-Geely is another success story. He should learn from bosses from Big 4 Gloves company who are contributing almost half a billion ringgit to government coffers. I may sound a bit harsh but this is truth.

Jab Pfizer's and AstraZeneca's CEO ass with their vaccine. After that, deliberately infect them with the COVID to see whether they are still immune. 3 and 6 months later, infect them with COVID again to see how long does the immunity last. They should be setting an example as a leader by taking the vaccine.

Only then I'll believe the vaccine works. Don't show off too early and come out with all these announcements to give false hopes and then sell their own shares. Learn some humility from Asians. I've mentioned earlier, I still prefer to follow SOP to contain the virus rather than hoping for a vaccine. Calling COVID the "China/Chinese" virus won't save you.

Jab Pfizer's and AstraZeneca's CEO ass with their vaccine. After that, deliberately infect them with the COVID to see whether they are still immune. 3 and 6 months later, infect them with COVID again to see how long does the immunity last. They should be setting an example as a leader by taking the vaccine.

Only then I'll believe the vaccine works. Don't show off too early and come out with all these announcements to give false hopes and then sell their own shares. Learn some humility from Asians. I've mentioned earlier, I still prefer to follow SOP to contain the virus rather than hoping for a vaccine. Calling COVID the "China/Chinese" virus won't save you.

I'd rather follow SOP, stay cautious rather than taking that COVID vaccine. Approximately 10 million US citizens have been infected with the virus thus far, and COVID continues the spread like wildfire with 100k daily cases and 1k daily deaths in the US. There are 331 million citizens in the US. So does that mean the remaining 320 million "healthy" US citizens need to take the jab? So WHO needs to jab:
- 300 mil + US Citizens
- 1 bil + Indian Citizens
- 200mil + Brazilian Citizens
- 100mil + Russian Citizens
- 400mil + EU Citizens
- 400mil + ASEAN citizens

Sure no complications? after weeks? after months? There's gonna be a lot of demand for gloves. As much as I want to pandemic to be over, we need to be rationale.

So now with COVID vaccine, AA and AAX can pay creditors full amount without haircut, no need to act pitiful. Air Asia burning cash like cray cray. Will collapse before COVID vaccine reaches ASEAN countries.

Don't get over excited about the vaccine. It will take years before the world population is vaccinated. How sure are you that there won't be complications after taking the vaccine? There are different kind of coronavirus strain. What is certain is demand for glove will continue to increase for the next few years, as mentioned by Harta's management.

https://www.cnbc.com/2020/11/09/coronavirus-europe-tries-to-shut-down-strain-from-danish-mink-farms.html

https://www.theedgemarkets.com/article/glove-supply-will-not-meet-demand-next-three-years-says-hartalega-executive-chairman

Major European countries such as Germany, France and UK are on lockdown again. No more money to travel and gamble. Only Chinese tourist can save Genting Singapore now. Release them from their cave now to save LKT!

https://www.bloomberg.com/news/articles/2020-10-29/singapore-to-lift-border-curbs-for-china-visitors-from-nov-6

Very cheap price for a good fundamental stock. Forward PE = 15

The Sabah Development Bank must be prepared to write off the RM300mil loan.

The coronavirus pandemic is out of control in Europe and US. The demand for gloves will still be around for the next 1-2 years. Glove companies are also likely to have healthy balance sheet post pandemic, that is a fact.

The US election will have no material impact on glove making business. It's a good opportunity to collect at this price range if people are panic selling due to the US election.

@supafly83 Congratulations to u. I have now identified a successful Singh investor.

I've never heard of a successful stock investor that is a Singh.

Thank you weak holders for the cheap tickets. I hope more people panic sell so that I can accumulate more. People who panic sell can place their cash in fixed deposits at 1.7% per annum.

Supermax deserves to be included in the KLCI Index. I believe it can maintain this level of profits for the next 1-2 years. Gloves are still needed for swab test and vaccination.

The chances of the rulers approving a state of emergency will be low considering that many people including the T20 invest indirectly in the stock market through EPF, PNB, TH. Investors who are expecting glove stocks to tank on Monday will be disappointed.