Glove stocks including comfort helps many investors to recover their huge losses from the past 3 mths due to the sudden outbreak of Covid19 pandemic disease which share price zooming down beyond comprehension . Now l am still losing but not very badly injured . Thnks to all who bought gloves stocks .
HLT Global to diversify into rubber gloves manufacturing business 11 JAN 2018 / 21:02 H.
PETALING JAYA: Glove-dipping line manufacturer HLT Global Bhd has proposed to acquire HL Rubber Industries Sdn Bhd (HLRI) for RM33 million, in a move which will see it diversify into the rubber gloves manufacturing business. HLRI is primarily engaged in the manufacturing and trading of rubber gloves, including both natural and synthetic rubber gloves for customers in the medical, food and beverage as well as consumer industries amongst others. In a statement yesterday, HLT said it has entered into a heads of agreement with Suntel International Co Ltd, Kan Mei Yoong and Lee Sow Yin for the proposed acquisition of 5.77 million ordinary shares, representing 55% of the issued share capital of HLRI. The group said the purchase consideration will be satisfied via the issuance of 113.8 million new ordinary shares in HLT at an issue price of 29 sen per consideration share. “As a company, it is only natural that we aim to establish a stronger foothold in the industry and we view this exercise as synergistic and complementary to our existing fabrication business of glove-dipping lines,” HLT’s executive director and CEO Chan Yoke Chun said. “Exports from Malaysia accounts for a lion’s share of the global market consumption hence, we aim to leverage on this opportunity and penetrate into new markets both regionally and internationally,” he added.
Moving forward, HLT said it continues to seek opportunities in the domestic and international markets by focusing on delivering the highest quality in product and customer service
Best day ever in year 2020. I have faith that Comfort will surge further maybe not as immediate as tomorrow but in the shorter term like 2 or 3 weeks, 3 dollars is my TP. Having said that, ive decided to let go half of my holdings in Comfort to invest in HLT. Of course it's a smaller scale company but I am betting on HLT because there are very limited shares in the market, i.e general public only hold 13.5%, wherelse Careplus has 39.6%, and Comfort has 25.5%. Assuming the glove sector continue to surge for the next 3 months, I see HLT will rise more folds than other glove stock in terms of percentage because their shares in general public are limited (demand more than supply). I am not comparing the size of HLT and other glove stock because it is already reflected in their relatively cheap share price.
Park the fund in Glove sectors is better choice compare to other sectors~ At least the demand for glove is strong at this critical time. No doubt~ Then monitor the situation from time to time.
today let break 2.76 level.. paktua will relax even today got abit correction.. as red stock hunter.. we prepare reload point at 1.78 below.. exist point as we set at 3.00 above..
WILL LIMIT UP AGAIN !!!! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Guys, can look at AWC, they provide coronavirus cleaning & disinfection service for factory and office. low PE 10.99, NTA 0.688 i think it will follow current trend and shoot up very soon.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
michaelwong
3,072 posts
Posted by michaelwong > 2020-05-12 19:25 | Report Abuse
Glove stocks including comfort helps many investors to recover their huge losses from the past 3 mths due to the sudden outbreak of Covid19 pandemic disease which share price zooming down beyond comprehension . Now l am still losing but not very badly injured . Thnks to all who bought gloves stocks .