Ya bro very happy today!on cloud nine!tqvm! appreciate it very much!ya those who didn't follow,very wasted..
27055825 Hi Topaz Hope you are happy.TP is still 50 cts,of course it wont be straight up. tablesalt and few others are slapping themselves now. Probably wondering why they didnt analyse the tips and hints given but instead tried to be cute!! 09/11/2020 4:27 PM
If glove demand really vanish, they can just terminate the glove venture. Factory not even build. What is to worry about? Luster main business is plastic moulding, property development and casino business at cambodia. Vaccine is a good news to them.
Vaccine news caps rally of new glove industry entrants KUALA LUMPUR (Nov 10): The slew of companies that recently announced plans to enter the rubber glove business were broadly hit by a selldown this morning amid news that an experimental Covid-19 vaccine developed by Pfizer and its German partner BioNTech was more than 90% effective. As of 10.09am, shares in AT Systematization Bhd had slipped 11.6% or 2.5 sen to 19 sen. It was the most traded counter this morning, with 1.05 billion shares traded within two hours after the opening bell. Luster Industries Bhd was the seventh most actively traded stock today, with some 76.86 million shares done. It was down by 11.63% or 2.5 sen at 19 sen, valuing it at RM458.05 million. Meanwhile, HLT Global Bhd shares were trading 5.03% or eight sen lower at RM1.51, giving the stock a market capitalisation of RM925.99 million. HLT saw 8.77 million shares transacted. Mah Sing Group Bhd, whose share price had more than doubled after announcing its foray into the rubber glove space, dropped 5% or five sen to 95 sen apiece, translating into a market value of RM2.31 billion. As for Inix Technologies Holdings Bhd, it was down 6.52% or 1.5 sen at 21.5 sen, valuing it at RM89.76 million. The counter saw 2.45 million shares transacted. Titijaya Land Bhd fell by 1.21% or half a sen to 41 sen piece, valuing the property developer cum rubber glove and Covid-19 vaccine player at RM556.94 million. Meanwhile, Hong Seng Consolidated Bhd (formerly known as MSCM Holdings Bhd) was down by 2.83% or three sen at RM1.03.
Kanger bucks the trend However, Kanger International Bhd bucked the trend. Its share price was up 2.63% or half a sen at 19.5 sen. Thes stock was the third most actively traded counter on Bursa Malaysia, with 240.34 million shares done. The new entrants, except for HLT Global, have yet to commence glove production. The availability of the vaccine raises the question of whether growth in demand for disposable rubber gloves will remain as strong moving forward to absorb additional supply from the new entrants. The selldown seen among most of the new kids on the block in the rubber glove sector came after Pfizer made an overnight announcement that its Covid-19 vaccine candidate had a more than 90% efficacy rate with no serious concerns based on initial trial results. Pfizer is hoping to ship out up to 50 million doses this year for 25 million people, and produce 1.3 billion doses in 2021.
@Topaz, I already cashed out at .21cents on 09/11/21 since I saw Luster already gone into overbought RSI ( 80 ) although MACD line still on uptrend. But this morning pfizer covid19 vaccine news was totally unexpected and it dropped a bomb on almost all the glove counters. So play safe, take whatever profits there's still remain and adopt a wait n see attitude. I switched over to oil palm counter, TDM, which has been trading sideways at .245 cents for quite sometime, hoping it will wake up very soon as CPO has hit very price recently.
MULTIPLE PROPOSALS LUSTER INDUSTRIES BHD. ("LUSTER" OR THE "COMPANY") I. PROPOSED JOINT VENTURE; II. PROPOSED DIVERSIFICATION; AND III. PROPOSED PRIVATE PLACEMENT (COLLECTIVELY, THE "PROPOSALS")
We refer to the earlier announcements dated 19 October 2020 and 22 October 2020 in relation to the Proposals.
On behalf of the Board of Directors of Luster, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that the listing application for the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 10 November 2020.
Announcement says UOB on behalf of the board (means board agree) proceed on to apply for Private Placement for purchase of the Glove Factory Land bro. Glove plan moving forward. Company oso got ady.
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....
Smart2Win
126 posts
Posted by Smart2Win > 2020-11-09 16:31 | Report Abuse
Luster need to show factory site progress like AT to move faster.