Posted by josephn > 2020-10-19 18:10 | Report Abuse

Wow joint venture on gloves TP 1.24 like Mah Sing

Posted by SSTT > 2020-10-19 18:14 | Report Abuse

TP 9.00 like TG. Lol

Posted by josephn > 2020-10-19 18:19 | Report Abuse

Current price like HLT and Carepls at the beginning of the year, 1000% - 2000% uptrend is possible

Posted by vyap > 2020-10-19 18:19 | Report Abuse

The aggregate profit before tax for the first 2 years commencing from the full
commencement of manufacturing operation of Gloves Business shall not be
less than RM200.0 million (RM200,000,000.00) ("PBT Guarantee"), which is
conditional upon, amongst others, the following:-

Posted by kirotomato > 2020-10-19 18:23 | Report Abuse

Where to see the announcement!

Posted by andytan96 > 2020-10-19 18:24 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement?company=5068

Posted by xcu843 > 2020-10-19 18:30 | Report Abuse

Consider good news?

Posted by ming > 2020-10-19 18:34 | Report Abuse

Lmao.. now every one can make glove

Posted by Stocks888 > 2020-10-19 18:34 | Report Abuse

Very very big good news !

Posted by thesteward > 2020-10-19 18:34 | Report Abuse

No wonder so bullish

Posted by MoneyMakerKing > 2020-10-19 18:53 | Report Abuse

No surprise if limit up tomorrow. Just wonder how far it can go after the limit up.

Posted by josephn > 2020-10-19 18:58 | Report Abuse

Tomorrow TP 0.53 limit up, next day 0.83 Limit up, then freeze one day

Posted by zacktat > 2020-10-19 19:05 | Report Abuse

1. Joint venture with glove expert Mr. Yee who currently working with some huge company producing 1billion pieces of natural rubber glove annually! JVA stated guarantee aggregate PBT 200mil in first 2 years of commencement of glove business!!
2. Let’s say PAT 152mil, and luster holding 56% of stake in GSB, the PAT of glove biz contribute to Luster will be around 86mil aggregate PAT in first two years of commencement, 1 year= 43mil PAT.
3. JVA stated that the new glove biz will contribute around 25% or more to Luster. Assuming that PAT 43mil is 30% of the company PAT, 100% of PAT will be 140mil. Which means the manufacturing, development and casino business is doing good after the new management take over.
4. How much the EPS will be after new private placement shares diluted? Let’s do the math, roughly calculated:140mil PAT = 4.84 EPS
5. FPE 25 @ EPS 4.84, TP RM1.20??Correct me if I’m wrong, let’s discuss.
6. Glove subsidiary company name GLOVEMASTER? PENTAMASTER? Penta Director Chuah? Scomnet chairman major sharesholder? Another PENTAMASTER In making?
7. In the agreement also stated that both parties agreed to cooperate in good faith in running glove business and will not dissolve in first 3 years, which means this counter is not purely for goreng goreng.
8. Think yourself how far Luster can go? If everything run follow the plan with reliable, low profile management, Is TP RM1.2 in 1.5 years making sense?
9. In technical analysis wise, Luster has break 0.15 resistance on last Friday, which form monthly chart breakout, once break the next resistance 0.25, sky is the limit.

Above is just my 2 cents, be informed that information above is not investment advice, Buy at your own risk.

Posted by paperplane > 2020-10-19 19:08 | Report Abuse

luster getting LUST, l like

Posted by paperplane > 2020-10-19 19:15 | Report Abuse

On behalf of the Board of Directors of Luster ("Board"), UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that the Company proposes to undertake the following corporate exercises:-



(i) A joint venture arrangement between Fortune Tac Sdn Bhd ("FTSB") and Luster to jointly undertake the business of manufacturing, sales and distribution of gloves ("Proposed Joint Venture");

(ii) A diversification of the existing principal activities of Luster and its subsidiaries ("Luster Group" or the "Group") to include manufacturing, sales and distribution of gloves ("Gloves Business") ("Proposed Diversification"); and

(iii) Proposed private placement of 482,150,000 ordinary shares of Luster ("Shares") ("Placement Share(s)"), representing approximately 20% of the total number of Shares at the subscription price of RM0.125 per Placement Share to be satisfied entirely via cash ("Proposed Private Placement").

Posted by MONEYcomehere1314 > 2020-10-19 19:20 | Report Abuse

chuah also come to join goreng glove haha

Posted by JayC88 > 2020-10-19 19:21 | Report Abuse

TP RM22.50
10000% profits for those who bought today

Posted by oskchoon > 2020-10-19 19:29 | Report Abuse

Guys, it is only proposal to start glove business and is Fortune Tac Sdn Bhd a glove manufacturing company or only planning to do..

Posted by oskchoon > 2020-10-19 19:31 | Report Abuse

Mah Sing committed RM 150 millions to start glove manufacturing business and Luster have no extra cash, now it has to depend on private placement...

Posted by oskchoon > 2020-10-19 19:34 | Report Abuse

The private placement of RM 0.125, which is much lower than the current share price, once additional listing of the private placement, the private investors will sell their shares in the open market thus will put pressure on the share price just like what happens to AT and Fintec.....

Posted by JayC88 > 2020-10-19 19:43 | Report Abuse

fair opinion... but at least it's not a rights issue. be careful everyone and best of luck.

Posted by SSTT > 2020-10-19 19:44 | Report Abuse

Sell on news....

Posted by josephn > 2020-10-19 19:52 | Report Abuse

As long as it's related to gloves, market will goreng. Don't think so much.

Posted by GoodNews88 > 2020-10-19 20:09 | Report Abuse

Luster and Fortune Tac going to form a company to manufacture glove.. Company name Glovmaster Sdn Bhd. Another pentamaster in making. Hold tight

Posted by Sailangking > 2020-10-19 20:17 | Report Abuse

fly to moon...

Posted by josephn > 2020-10-19 20:23 | Report Abuse

Yes, just sai lang Rm100k here, after 1000% up in six month like HLT or Carepls, you become millionaire, don't need to work for the rest of your life, think for yourself, can you still find any cheap glove counter in Bursa with the price only Rm 0.2+, where else can find?

Posted by thesteward > 2020-10-19 20:39 | Report Abuse

Congrars comrades especially 27055825

Posted by paperplane > 2020-10-19 20:42 | Report Abuse

Lol.. Everyone do gloves macam 5yrs ago everyone do property

Posted by josephn > 2020-10-19 20:42 | Report Abuse

If you miss opportunity six month ago on HLT or Carepls, don't missed this golden opportunity, six months ago, HLT and Carepls also around 0.2+

Posted by SmartInvestor8877 > 2020-10-19 20:53 | Report Abuse

iii) Proposed private placement of 482,150,000 ordinary shares of Luster ("Shares") ("Placement Share(s)"), representing approximately 20% of the total number of Shares at the subscription price of RM0.125 per Placement Share to be satisfied entirely via cash ("Proposed Private Placement").

Posted by SmartInvestor8877 > 2020-10-19 20:54 | Report Abuse

Proposed private placement price only RM0.125 ???!!

Posted by SmartInvestor8877 > 2020-10-19 20:55 | Report Abuse

RM0.125, Why so cheap ????

Posted by emil > 2020-10-19 21:01 | Report Abuse

Glove venture is just a "proposal"....just a "plan" to JV....All is just Empty glove....tomorrow sell on news and slowly back to 10c in long run.

Posted by josephn > 2020-10-19 21:07 | Report Abuse

Mah Sing also said "proposed" in news, share price also limit up

Posted by emil > 2020-10-19 21:14 | Report Abuse

mahsing is cash rich and reputable company......Luster is penny high debt company....

Posted by emil > 2020-10-19 21:15 | Report Abuse

Glove venture is just a "proposal"....just a "plan" to JV....All is just Empty talk glove, nothing guarantee....tomorrow sell on news and slowly back to 10c in long run.

Posted by 27055825 > 2020-10-19 21:18 | Report Abuse

Cheers Thesteward

Posted by Teh Diven > 2020-10-19 21:20 | Report Abuse

Pentamaster
Globemaster
Scomnet

Posted by Antagantz > 2020-10-19 21:22 | Report Abuse

News out, game over.

Posted by josephn > 2020-10-19 21:27 | Report Abuse

Last time Carepls also not cash rich and EPS more worse than this luster

Posted by emil > 2020-10-19 21:30 | Report Abuse

Glove venture is just a "proposal"....just a "plan" to JV....All is just Empty talk glove, nothing guarantee....tomorrow sell on news and slowly back to 10c in long run.

Posted by MONEYcomehere1314 > 2020-10-19 21:32 | Report Abuse

guys , must run away faster . Sell on news ....
goreng goreng dangerous

Posted by Luckybull > 2020-10-19 21:32 | Report Abuse

Now "Everyone can wear Gloves' theme. Lol..

Posted by limitupupup > 2020-10-19 21:42 | Report Abuse

dont apply mahsing theory into this potong stim goreng penny debt company, lu fikir sendiri siapa pemegang top 30 of mahsing......

Posted by zacktat > 2020-10-19 21:46 | Report Abuse

Luster is a net cash company. 20mil on hand please go do some survey before comment.

Posted by conair99 > 2020-10-19 21:56 | Report Abuse

All the sour grape appear lol

Posted by jeffkl > 2020-10-19 21:59 | Report Abuse

After reading the announcement in detail, I give up hit n run for this counter, will top up tomorrow. Just buy and hold

Posted by Ginny0731 > 2020-10-19 22:12 | Report Abuse

Those chase high gonna be careful. Mah sing has announced 150mil, luster is 20 mil cash company how to setup a glove plant

Posted by josephn > 2020-10-19 22:14 | Report Abuse

Yes, just trust in your own judgement, don't be influence by negative view, in my opinion, this share has great potential uptrend 1k - 2k % and very undervalue compare to existing gloves counter. Every company start small and grow big, their management has brilliant idea to jv in glove during coronavirus peak period.

Posted by GoodNews88 > 2020-10-19 22:24 | Report Abuse

Please read the announcement carefully. The JVA is signed.Find it in the end of the announcement. It is available for inspection within 3 months from now.' Proposal 'is a process that need to get through in Bursa Securities. The terms in the JVA was agreed.

I personally know the director of luster.. they planned this months ago and negotiate the JVA term for few months.. They are company with good future prospect.

Glove profit only contribute 25% or more to the net profit of Luster. Assume 30% is 50mil PAT from glove biz..other segment business of luster is going well for sure.

Another thing. The investors cant even sell their share when the private placement is not even done. The PP process gona take weeks. It impossible they can sell their share now as it is not even listing yet.
With this PP, Luster will be a company with net cash over 60mil+.