Wait for the coming QR. All will be revealed.

Still thinking to sell or to hold. Hahaha. Since kena trapped on the 22 Oct and 6 Nov, let the profit run lah. Malas nak monitor and buy back.

TP 1.50!

Supermax jinxed and brought down FTSE Bursa Malaysia Index.

KYY long time sold his stakes already. Buying time will tell y'all. But when selling time comes, diam diam selling.

Nak pesta dan beriang? Beli saham pestariang.

No wonder Ah Wong is so quiet lately.

Cantik lah Ah Wong. https://www.theedgemarkets.com/article/myeg-gets-threeyear-extension-provide-egovt-services

How much would data centres, like Krono, worth in the future? https://www.cnbc.com/2020/12/04/fully-driverless-cars-are-being-tested-in-china-for-the-first-time.html

Autonomous vehicles are coming to town in the near future. Where do you think they will store all the real-time data? I am so sanguine about Kronologi. https://www.malaymail.com/news/drive/2020/12/04/fake-city-built-especially-for-testing-autonomous-vehicles/1928676

Won't die one. Just that funds keep rotating from one sector to another.

Anxiously waiting for news.

President Xi's proxy must have bought a lot.

Wah so high today.

Patience is a virtue. I kena trapped twice; one is on the 22 Oct and the other, 6 Nov. All signs pointed to an outbreak but it didn't happen. But luckily, I saw Ah Wong kept acquiring. That gave me hope. But having HOPE in trading world will kill you oneday. But definitely not today!

Disclaimer: Dear all new comers, please don't take our words here like Gospel truth. Most of here just like to syiok sendiri in this forum only.

IF BN wins GE15, MYEG is worth RM18.30. Hahaha

Wait for the news later.

Why today so bullish? Apa cerita? TS Wong up his stakes in EFORCE?

Another unCOMFORTing day. Pui.

Ah Wong is very quiet lately. No more acquiring and disposing. His time is well spent lobbying for big contracts in Putrajaya. Coming soon.

Jeng jeng jeng. I just saw it's QR.

With all time high EPS of 3.53, SKPRES will be on its way to break its all time high price of 2.35. It's no longer a matter of if, it's WHEN.

Following the meeting, international benchmark Brent crude futures traded 1.4% higher at $48.92 per barrel.

Up oneday, down 2 days. Then up again. The process will continue.

Good news. Normalcy will be restored soon. More gloves will be required by the frontliners to vaccinate people.

With book value of RM3.06 per share, MMCCORP is so undervalued. Man boleh kawan. Need to push it up.

How many kena conned in advance?

POS's main revenue still come from snail mails? No wonder so damn slow.

English version

KUALA LUMPUR (Dec 2): KAF Research said nitrile latex price could well breach US$3,000 per metric ton (pmt) in December, compressing the margins of some glove makers.

The research house’s analyst Nabil Zainoodin said in a note that nitrile latex price, which has more than doubled to US$2,810 pmt from its lowest this year at US$1,300 pmt in April due to tight supply amid the surge in nitrile gloves demand, may continue to rise.

“Looking at the current trajectory, nitrile latex price could well breach US$3,000 pmt in December, surpassing its last peak of US$2,910 pmt in April 2011,” he said.

At US$3,000 pmt for nitrile latex, he estimates the cost to produce 1,000 pieces of nitrile gloves would increase by 70% quarter-on-quarter (q-o-q) to RM120.

“We expect nitrile latex price to continue to rise throughout 2021 and could only ease towards the end of 2022 once suppliers’ capacity expansion projects are completed,” he said.

He said the higher nitrile latex cost will undoubtedly impact nitrile-centric glove makers.

While local manufacturers have shifted product mix towards more nitrile gloves in recent years, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd remain as the two most nitrile-focused players as their product mixes skew largely towards nitrile gloves at 95% and 80% share, respectively, he said.

“It is uncertain if manufacturers can fully pass on the additional cost to customers. The risk is that the boost to profit margin from operating leverage may reverse drastically if average selling price (ASP) growth were to plateau or contract faster than expected,” he said.

He noted that in recent investor meetings, Hartalega guided for about 45% q-o-q increase in ASP while Kossan’s ASP would increase by about 25% q-o-q next quarter.

“At the current rate, incremental cost outpaced revision in ASP, which inevitably would impact margins,” he said.

He also said the spike in nitrile latex cost is one of the reasons behind his glove sector downgrade from "overweight" to "neutral" in sector report on Nov 18.

“Both Hartalega and Kossan have been downgraded from 'buy' to 'hold' with new target prices (TPs) of RM14.78 and RM6.51 respectively,” he said.

Despite potentially worse impact from higher nitrile latex cost, he reckoned that Hartalega and Kossan are most likely to declare special dividends because their major shareholders have relatively high stakes in the company, at 49% and 47% respectively.

While he is neutral on the sector, he kept Top Glove Corp Bhd at a "buy" (TP: RM8.58) due to its ability to command higher selling prices compared to peers, attractive dividend yield of more than 6% at current price (expect quarterly dividend payment from semi-annual previously) and expectation that the US import ban will be resolved soon.

He also maintained his "buy" call on Supermax Corp Bhd (TP: RM9.57) as it provides the best earnings yield among glove makers, thanks to its own brand manufacturing cum distribution business model, plans to build glove manufacturing plants overseas close to its key customers, as well as expectations that it will be included in the FBM KLCI in December.

At noon break, Top Glove was unchanged at RM6.79, valuing the group at RM53.88 billion. Supermax rose 8 sen or 0.91% to RM8.88, giving it a market capitalisation of RM22.68 billion. Hartalega fell 2 sen or 0.14% to RM14.44, giving it a valuation of RM49.5 billion. Kossan was unchanged at RM6.18, bringing its market capitalisation to RM15.76 billion.

Wah dead cat bouncing.

Dyson is rolling out so many new products. No wonder price of SKP keeps going up lah.

Kraken armada hitting an iceberg. Temporarily, immobilized.

Ramai riang gembira hari ini.

Not comforting at all. Pui.

Why Ah Wong is so quiet lately??? Where is TS Wong? Why no more acquiring? Busy lobbying NIIS project?

The mighty kraken is on the move again.

People can say whatever they like in forums like this. The noises would not make any difference as to whether the price will go up or not. Our voice here is insignificant to the grand scheme of algorithm trading. We are here just to syiok sendiri only.

Go go krono.

Breaking 0.33 resistance soon. Come one, push, the mighty armada.

We always take the next nearest high after the recent resistance is broken. Hence, it should be the one on the 3 Dec. i.e. 0.685. We will ignore the 0.66 (24 Aug) resistance. I think 0.73 resistance is the hardest to break unless the next QR is super duper impressive.

wah, 0.645 still cannot trigger huh???

Go go. Push the price to 0.645 to trigger algorithm trading.

Soon many brokers will change their TPs.

This time will surely break the 0.64 resistance. Go go Krono!

Why not open a paper on why there was an outbreak in Sabah earlier?
I suppose the Government is expecting that every foreign worker is entitled to stay in a 3-star accomodation kot.

Vaccine or not, frontliners still need to wear gloves for yet another 12 to 18 months. Just ask anyone working in glove factories, what's the sales like for the next 24 months.

Let's end the week with a very COMFORTing one. With such a high EPS as high as TopGlov, the current price seems to be fairly undervalued.

Not much volume. I guess they are reserved to "kraken" the 0.33 resistance. Fingers crossed.

bintai kena bantai kaw kaw.