stockisnotfun@ because that is how smart people talk... never say never, just like gloves when everyone say it is over, here we are rallying again on another rocket shot to the moon. So, to all the naysayers, I SAY get off...

Battle cry: pancut pancut pancut pancut pancut pancut ...

Battle cry: pancut pancut pancut pancut pancut pancut ...

Battle cry: pancut pancut pancut pancut pancut pancut ...

one last advice - Always buy on weakness, not sell on weakness. If price drops, nothing fundamental has changed, no matter how heartbreaking, buy more to bring down holding costs... GLOVE IS THE STORY FOR 2020. Has 2020 ended yet? No! So, rally continues...simple

We need hardcore fans not some weakos

togetherweearn@ patience bro, patience. not every hour has to be a show. we need some stability build the foundation right- get the weak holders out and then build a base of hardcore holders. Then only the price can shoot up. If everyone sells, who is going to hold?

TTD1990@thanks for the faith...it is always good to have a fellow believer on board. after all we are talking facts, not some goreng penny stocks. When someone glove is a penny stock, I tell them to get their definition right. Penny stocks are stocks of companies that either loss making or has no assets. Glove companies are not that kind of companies! it is a massively profitable company with exponential growth for the next few quarters and they are currently on an aggressive expansion plan to increase production capacity to meet ever increasing demands. - GLOBALLY!

i remember when SOP announced in airports after Sept 11, are we still needing to comply with that SOP today? how many years have passed since 2001? similarly with gloves being part of the SOP now.

https://klse.i3investor.com/blogs/koonyewyinblog/2020-08-17-story-h1512364037-Covid_19_vaccine_will_not_reduce_demand_for_gloves_Koon_Yew_Yin.jsp

Although KYY is a controversial TOPglove fan, I think what he says about vaccine increasing demand for gloves is true. this could just be the very catalyst for more profits for gloves. not the other way around...

startrader and NewToThis@ thanks bros for staying on in the fight, it is always lonely at the top but I am glad to have genuine believers enjoying the wealth together. Let's pray and hope that this time no more looking back on the rocket shot...

unlikely 5 today. we also want it to be slow and steady to ensure it is sustainable. Patience bro. patience...give it a week plus. it takes that kind of sustained increase to make it. But surely for sure. I have no doubt. Tell me which counter out there can make sustained exponential profits now for the next few quarters? and can give you the gains gloves can? when investors realise this, they will come back to the honey which is gloves.

more cases are happening in Europe as the UK imposed new quarantine rules... this is just the start of a second round of major gloves rally.

future catalysts:

1. Top glove Comfort, and Kossan super earnings
2. ASP price increase maintains and peaking as demonstrated in Top Glove's Comfort and Kossan's Q2 results.
3. More coronovairus cases around the world.
4. Vaccine still undergoing phase 3 trials no success yet.

carepls will return to its normal price range of 5.55 soon...from then on, any future catalyst will rocket it back to 8.00 and then 9.0

This should shut the mouths of the IBs on windfall tax. Unlikely things don't simply talk. if that is the case, windfall tax should be also be imposed on banks since they also earn so much money...

https://www.theedgemarkets.com/article/neither-top-glove-nor-margma-has-been-consulted-about-windfall-tax

https://www.theedgemarkets.com/article/neither-top-glove-nor-margma-has-been-consulted-about-windfall-tax

i already told you windfall tax is very very unlikely. Government will earn less money on the whole

ok la first few hours of rally only...quite good already

just one advice, when it goes up, please don't itchy fingers press and sell...let it go up otherwise you will cut short your gain. when the machine is running, let it run

July it try to breach 2.0 for 1 week plus, but when it breached 2.0 it went all the way to 5.80

those who know carepls knows that it takes a few days and a few waves for it to truly realise its rocket potential. but once it happens, there is no looking back ...

3.40 cheap? haha...wait until you see the price hit 7-8 bucks

guys have to be patient...the waves come in sessions. the rally will last for days if not weeks. this is just the beginning. skirmish. also last call to get on board

i am feeling very wavy...

when it comes, the wave will sweep everyone away like a tsunami. it happened in july it will happen again

the wave is starting again...

https://klse.i3investor.com/blogs/kltrader/2020-07-21-story-h1510638764-Malaysia_Rubber_Gloves_ndash_Is_a_Windfall_Tax_Possible.jsp

Even if there is tax also won;t be a lot to impact earnings, so nothing to worry about guys .... all these naysayers trying to create sentiments to dampen the market. so they can collect and collect more cheaply.

Windfall tax possible, but unlikely to be substantial. In MQ Research’s view, a windfall tax of 10% would be palatable to the sector and market. MQ Research estimates a 10% windfall tax on earnings would raise RM790m from the top-four listed companies, which the government could use to cushion the 6% fiscal deficit the government is estimating for 2020. The government imposed a one-off windfall tax of 30% on the return on assets above 9% for independent power producer (IPP) in 2008 and historically has imposed a windfall levy of 1.5–3% on the plantation sector when crude palm oil (CPO) prices came in above RM2,500/tonne and RM3,000/tonne for Peninsular Malaysia and East Malaysia, respectively.

Source: MQ Research

put in windfall tax this will contribute to a hike unemployment rates in the country. won't work

Too many policy obstacles to impose a windfall tax on gloves due to healthcare industry unlike previous precedents.

That aside, the Malaysian Rubber Glove Association (Margma) believes the chance that the government will impose a windfall tax is low given that the industry consistently reinvests earnings for capacity expansions and to create jobs for skilled workers, such as engineers.

According to Margma, the glove industry sees capital expenditure of RM0.6 billion to RM1 billion annually for expansion.

Too many policy obstacles to impose a windfall tax on gloves due to healthcare industry unlike previous precedents.

That aside, the Malaysian Rubber Glove Association (Margma) believes the chance that the government will impose a windfall tax is low given that the industry consistently reinvests earnings for capacity expansions and to create jobs for skilled workers, such as engineers.

According to Margma, the glove industry sees capital expenditure of RM0.6 billion to RM1 billion annually for expansion.

https://www.theedgemarkets.com/article/imposing-windfall-tax-glove-companies-will-curb-expansion-%E2%80%94-margma

If you all still think windfall tax is possible read this article and think again.

THE gloves association has said that any windfall taxes will stop expansion of the glove production lines expansion and this will translate to less taxes for the government ON THE WHOLE.

Because now the corporate tax rate is currently already max.24% - it is more earnings for the government if they allow the glove expansion i.e. which means more revenue and let the max. 24% bite on the expansion revenue than to introduce a windfall tax that will curb expansion and reduce the revenue of the glove companies as a whole i.e. less taxes on the whole.

https://www.theedgemarkets.com/article/imposing-windfall-tax-glove-companies-will-curb-expansion-%E2%80%94-margma

If you all still think windfall tax is possible read this article and think again.

THE gloves association has said that any windfall taxes will stop expansion of the glove production lines expansion and this will translate to less taxes for the government ON THE WHOLE.

Because now the corporate tax rate is currently already max.24% - it is more earnings for the government if they allow the glove expansion i.e. which means more revenue and let the max. 24% bite on the expansion revenue than to introduce a windfall tax that will curb expansion and reduce the revenue of the glove companies as a whole i.e. less taxes on the whole.

My personal take on matters ahead best case scenario (everything smooth):

1. Vaccine approved by WHO on Dec 2020 - cannot be earlier because Moderna already said it will not meet Trump's election day (3 Nov). Moderna is the first vaccine to undergo phase 3 trials so it will be the first to pass phase 3 trials and get FDA approval if any.
2. Mass production begins next year.
3. Gloves price will drop awhile due to all the stupid sentiments about vaccine reducing coronarvirus. which is a myth...
4. But the fact is scientists has already explained on a CNA documentary that the vaccine produced will not be a "sterilising vaccine" but only a vaccine that will prevent death. So which means more people will still get coronavirus. And let's be honest, production for the whole world takes time - estimated by an Indian leading pharma co. 18 months fastest barring no problems. Meaning every raw material is right - guys any production line also will have some kind of problems.
5. if there is another mutation and vaccine not effective, you will know what is going to happen ....I don't have to say.
6. Glove profits will still come in until 2021-2022 at least - SOP will still be needed everywhere meaning PPE and Gloves will still be much needed - one more factor is the lead time of production of gloves - you order now you only get next year - so which means spot orders and spot orders means more profits - which means that until 2021-2022 exponential profits will still come in for gloves which is why these glove companies are building more production lines.
7. Now you tell me, with these exponential profits quarter on quarter announced, the share price still drop ah? I think anyone with half a brain will know the answer...
8. So, why scared to buy now when the price is so cheap. Next year you want to buy, carepls is probably 8 bucks at least.


Added factors why rally will continue...and continuing soon:

1. think why supermax and top glove is doing a bonus issue? why?
2. why you think lim wee chai is spending 100 mil so far buying top glove shares? is he that dumb to throw away 100 mil? rich also not that dumb la throw money like that...he give to charity also got legacy...

(Tradeview Commentaries 17th August 2020 - Absurd Maybank IB Research Opinion on Windfall Tax Risk)

It has come to our attention that a viral news on windfall tax research on Glove Sectors specifically on Top Glove, Hartalega & Kossan was among the key reason for today' s massive selloff for glove and related stocks. This is an old recycled topic that was raised back on 5th June 2020 by Public Bank Research. It is no wonder that retail investors remains skeptical and doubtful of the Investment Banks. It begs the question as to its true intention as well as professionalism in writing such reports. Whilst it is necessary to highlight the positive as well as the risk of a particular stock under coverage, it is bordering on immorality when the same IB recycles an old theme / topic out of the blue to just to fill in the the content of the report and plant seeds into policy makers mind to move forward a sinister agenda - which is imposing Windfall Tax on the Gloves Sector.

The Glove Sector remains the one few bright spot in our economy that is putting Malaysia on Global Stage, building up international reputation, diplomacy and at the forefront of savings lives in the battle against Covid-19. I have repeatedly address this issue back in June during the selloff whereby Public Bank mentioned that due to lack of government coffers, there is a risk of windfall tax. Since Maybank IB Research has chosen to reopen this topic unnecessarily, I shall take the liberty as an independent financial writer to counter this shenanigans point by point.

Indeed, sin industries such as gaming, tobacco, alcohol which are traditionally targeted by the Government with additional taxes are understandable due to the high profit margin, social issues which requires some level of deterrent. However, these industries have suffered due to Covid-19 and lockdown. Oil & Gas and many others that contributes to the Government budget is affected as well. Hence, the only sector that appears to be bucking the trend is the glove manufacturers, PPE and tech related sectors. Does this mean they should be an easy target for the Government to imposed these taxes? I am of the view that it would be unconscionable and morally wrong to impose windfall tax on this sector because the sector is playing a huge role in contributing towards protecting frontliners and fighting the pandemic. With the world still facing shortage and Malaysia being the number 1 producer controlling 65% of market share of gloves (Thailand is second), Malaysia as a country has responsibility to be a global citizen and not stifle the industry with windfall taxes.

In addition, the industry requires more encouragement, government incentives & support to fill the void in the world' s market for gloves, medical supply and PPE shortage. Government around the world are giving incentive to support this industries like US, China not otherwise. The glove manufacturers contribute significantly to the FOREX of the country with more than 90% of their products being exported. With a record trade deficit for April (worse since 1997), it should not be in the playbook for the Government to impose measures which would otherwise discourage exports. Furthermore, unlike the Palm Oil industry which receives a lot of subsidy and support by Government, the glove sector was build up almost entirely by entrepreneurs in an utmost competitive environment without much help or subsidy. Malaysia used to have close to 300 glove factories in 1980-90s, today there is only 40 world class players left. This is because traditionally, Gloves are low margin products which relied on the latex / rubber industry. Thanks to R& D of Nitrile gloves as well as continuous automation and improvement by Glove players, the sector grew exponentially with the ability to meet international standards, certification and safety regulations globally. The reason why Malaysia glove sector is strong is because of the talents behind these companies.

https://www.msn.com/en-us/money/other/covid-19-shaping-up-to-be-battle-for-years-even-with-vaccine/ar-BB17VVTN

emil@ how do you know what is in the PM's mind? you write as if your points 1-6 are facts. Let me give you facts that already proven:

1. ASP hikes all time high from July-Sept all the wya till Oct - this will reflect in the Q3 results. Top Glove's Q2 is not even out yet.
2. Carepls increasing production capacity to cater to more demand - target market is Latin America through its JV with Ansell.
3. Vaccine may or may not pass the phase 3 trials - in which case, there may be no vaccine until next year or even mid next year. Mutations are happening all over the place and nothing is certain. Even if there is a vaccine, it takes at least 18 months to mass produce for the whole world.
4. Even if there is a vaccine for everyone, you need GLOVES to administer it - which means even until next year the profits will be exponential up until end of 2021.

These are facts. Your mentioned communist vaccine is a shotgun chemical, don't even dare to publish data and undergo phase 3 trials. what kind of shit is that. You dare to administer on yourself? why don't you go and try it?

WHY ARE YOU STILL HERE EMIL? thought you have given up on carepls?

emil@ haha that is why I say people like you are naive. if you say so, don;t look at carepls anymore, go to other counters buy bank stocks or oil and gas. WHY ARE YOU STILL HERE? hypocrite? want to be a cheapster instigating people to sell cheap to you?

this time it rockets up, even the IBs will be shocked. it will be a non-stop pent-up emotion buying spree. that time, WHO IS THE FOOL TO SELL CHEAP! that time, no more bad news. all exhausted already. vaccine talk hear for weeks also sien boring, come up with something new. TELL me that phase 3 trials are successful and now WHO give approval. we want that kind of news. not some stupid communist regime granting consent over their don't know what chemical they found they say is a covid vaccine but look at their numbers of people dying everyday from covid highest in the world, signing stupid MOUs ...haihhh clown show also people believe, market is truly naive

vaccine or no vaccine, profit is profit, facts are facts. no need to speculate and talk cock. once ASP really go down and reflect in the results, then only talk la. Now nothing of that sort happened, phase 3 trials also never complete yet, jump the gun say vaccine this vaccine that, it is like someone saying I just bought magnum ticket I should win next week. Win already then only talk la...people here glove profits already realised and locked in already

don't forget CAREPLS is like Supermax, OBM model their own brand. Their ASP hike is the craziest kind... and the peak is just starting now which will be reflected in the Q3 results in Oct/Nov. So you tell me rally over ah? I don't know whether to laugh or cry...My only regret is I have no more reserves, if not I buy more

if before Carepls Q2 came out, you say 5,30 I cannot vouch for it. But once I saw their Q2, their profits and how their plans with Ansell coming up, I know their profits will grow exponentially, which is why I can tell you 5,30 is still cheap

5.30 is the cheapest valuation. the more premium forward PE ratio based on exponential profit growth should be around 9-10 bucks

if you think I talk nonsense, look at Tan Sri Lim and family - dump 11 mil each to buy the ever expensive premium TOPGLOV today. you think if the glove rally is over, they will throw their money away like that ah? this carpls share just 3 bucks plus damn cheap you don't want to buy? rally over? if next year you say , then may be I can still believe. now in the midst of crazy profits Q3 also never come out yet peak also never come you say rally over? aiyo. I don't know what to say. it is like walking out of the party when the champagne also not yet drink.