LUSTER INDUSTRIES BHD

KLSE (MYR): LUSTER (5068)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.06 - 0.065

Trading Volume

907,700


41 people like this.

24,277 comment(s). Last comment by Bee808 2 weeks ago

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.

Topaz

1,344 posts

Posted by Topaz > 2020-11-09 16:34 | Report Abuse

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

27055825

1,468 posts

Posted by 27055825 > 2020-11-09 16:34 | Report Abuse

Good on you tablesalt You Have a chance to recover!

Stocks888

586 posts

Posted by Stocks888 > 2020-11-09 17:14 | Report Abuse

HOOT 9 E

bonds56

313 posts

Posted by bonds56 > 2020-11-09 19:52 | Report Abuse

Tomorrow hit 25 cts

BabyAce

1,833 posts

Posted by BabyAce > 2020-11-09 20:54 | Report Abuse

Hamsap boy tomorrow fly to 30 sen please

koolset

384 posts

Posted by koolset > 2020-11-09 21:02 | Report Abuse

Guys, how high you reckon luster can go up until? What is your highest expectation?

My guess is RM1.20 before No v2021.

josephn

757 posts

Posted by josephn > 2020-11-09 21:02 | Report Abuse

Bubble Burst already, positive vaccine out, no one need gloves already la.

josephn

757 posts

Posted by josephn > 2020-11-09 21:19 | Report Abuse

Luster gloves factory haven't build yet, the world no need gloves already, bad timing

goldeneye

33 posts

Posted by goldeneye > 2020-11-09 21:23 | Report Abuse

Not really... the world even need more glove.. each vaccine injection they need to wear glove..

tablesalt

185 posts

Posted by tablesalt > 2020-11-09 21:25 | Report Abuse

It really surprises me, how many stupid people are there in this forum. They just keep on breeding.

Posted by MONEYcomehere1314 > 2020-11-09 21:29 | Report Abuse

tomorrow horrible RED

vinvin

4,495 posts

Posted by vinvin > 2020-11-09 21:43 | Report Abuse

What happen to MONEYcomehere1314???!!!

Teh Diven

4,155 posts

Posted by Teh Diven > 2020-11-09 21:53 | Report Abuse

Vaccine is it good for our body? Better use glove, sanitizer, face mask better....

27055825

1,468 posts

Posted by 27055825 > 2020-11-09 22:09 | Report Abuse

tiukaulei is correct. Luster uptrend is not dependent on the Glove
theme.

Yingying

27 posts

Posted by Yingying > 2020-11-09 22:13 | Report Abuse

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.

27055825

1,468 posts

Posted by 27055825 > 2020-11-09 22:15 | Report Abuse

Yingying you hit the jackpot !!!

tiukaulei

409 posts

Posted by tiukaulei > 2020-11-09 22:15 | Report Abuse

Luster MACD and signal line have both spike up but RSI trending into the overbought zone....but still have potential to go up.....up up and away !!!!

thesteward

6,782 posts

Posted by thesteward > 2020-11-10 06:59 | Report Abuse

You are right luster up not due to glove. Main business is not glove currently . It is plastic mounding .

thesteward

6,782 posts

Posted by thesteward > 2020-11-10 07:02 | Report Abuse

News in August just as reminder ;-). Gogo luster

27055825

1,468 posts

Posted by 27055825 > 2020-11-10 08:17 | Report Abuse

Topaz Watch out for EDEN
.

vinvin

4,495 posts

Posted by vinvin > 2020-11-10 09:07 | Report Abuse

Why most counters up but this counter down with all profit totally gone?!!!

vinvin

4,495 posts

Posted by vinvin > 2020-11-10 09:08 | Report Abuse

All yesterday profit gone!!!

vinvin

4,495 posts

Posted by vinvin > 2020-11-10 09:11 | Report Abuse

All the counters in my stable r green except luster!

vinvin

4,495 posts

Posted by vinvin > 2020-11-10 09:19 | Report Abuse

Yesterday got fun watching luster but not today!!! Too bad!

tiukaulei

409 posts

Posted by tiukaulei > 2020-11-10 09:29 | Report Abuse

Want to play safe ?...switch over to plantation sector esp. palm oil. TDM is a good bet. since CPO prices have shot up so high now.

Topaz

1,344 posts

Posted by Topaz > 2020-11-10 09:49 | Report Abuse

walao...huge drop but luckily stabilizing now...

Topaz

1,344 posts

Posted by Topaz > 2020-11-10 09:51 | Report Abuse

ok thanks bro but me limited capital...already pumped in a lot for luster.will monitor eden and if got additional capital will join in...tqvm bro!

27055825 Topaz Watch out for EDEN
.
10/11/2020 8:17 AM

Topaz

1,344 posts

Posted by Topaz > 2020-11-10 09:52 | Report Abuse

bro what's your TP for this one?this one related to vaccine right?

27055825 Topaz Watch out for EDEN
.
10/11/2020 8:17 AM

27055825

1,468 posts

Posted by 27055825 > 2020-11-10 09:57 | Report Abuse

Bro its not related to vaccine. Just an opportunity to make quick bucks. Watch the volume and decide. Its should be quick in and out

27055825

1,468 posts

Posted by 27055825 > 2020-11-10 10:01 | Report Abuse

Bro buy warrant, its cheaper but high risk due to expiry in june 2021 if uptrend start then warrant is ok

Topaz

1,344 posts

Posted by Topaz > 2020-11-10 10:11 | Report Abuse

ok noted thanks bro 27055825

Topaz

1,344 posts

Posted by Topaz > 2020-11-10 11:47 | Report Abuse

i think luster will rebound later...strong base at 0.185-0.190...tiukaulei,any technical updates?

wong

78 posts

Posted by wong > 2020-11-10 11:50 | Report Abuse

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.

MF0001

932 posts

Posted by MF0001 > 2020-11-10 12:06 | Report Abuse

SOZHAIS HERE STILL WAITING FOR GLOVE UPSIDE MOVEMENT!

WHERE GOT UPSIDE NEED TO WAIT FOR SO MANY WEEKS?

GOT CON OREDI LARH!

MF0001

932 posts

Posted by MF0001 > 2020-11-10 12:06 | Report Abuse

IF WANT TO MOVE MUST BE LIKE AT!

ONE SHOT MOVE!

NOT SLOWLY WALK LIKE TURTLE!

THIS ONE IS SELL OFF!

SIMPLE ANALYSIS ALSO DONT KNOW?

GOT CON BY STOOPID TELEGRAM GROUP!

vinvin

4,495 posts

Posted by vinvin > 2020-11-10 14:15 | Report Abuse

If today can close unchanged is very good already!

tiukaulei

409 posts

Posted by tiukaulei > 2020-11-10 15:46 | Report Abuse

@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.

Topaz

1,344 posts

Posted by Topaz > 2020-11-10 18:57 | Report Abuse

Ok thank you @tiukaulei...hahaha what a lovely name!

tablesalt

185 posts

Posted by tablesalt > 2020-11-10 22:21 | Report Abuse

I read the announcement, but I don't quite get it. It was referring to the glove JV right? But this new announcement, what is it about?

prata333

20 posts

Posted by prata333 > 2020-11-10 23:37 | Report Abuse

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.

prata333

20 posts

Posted by prata333 > 2020-11-10 23:38 | Report Abuse

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.

prata333

20 posts

Posted by prata333 > 2020-11-10 23:39 | Report Abuse

plan is moving forward ady.

tablesalt

185 posts

Posted by tablesalt > 2020-11-10 23:58 | Report Abuse

I see, okay okay, thanks @prata!

Kingston1

1,718 posts

Posted by Kingston1 > 2020-11-11 08:39 | Report Abuse

TTB master call buy! Gogogo!

Topaz

1,344 posts

Posted by Topaz > 2020-11-11 08:52 | Report Abuse

who is TTB master?

Kingston1 TTB master call buy! Gogogo!
11/11/2020 8:39 AM

Topaz

1,344 posts

Posted by Topaz > 2020-11-11 09:11 | Report Abuse

yahhhoooo!!!! up! up! up!

Topaz

1,344 posts

Posted by Topaz > 2020-11-11 10:24 | Report Abuse

yes! Lets break above 0.215 today!

Posted by Humble Boy > 2020-11-11 10:28 | Report Abuse

topaz heavy due tomorrow

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