Posted by xcu843 > 2021-04-12 18:29 | Report Abuse

News out

Posted by kelvin17 > 2021-04-12 18:46 | Report Abuse

what news ? such a big vol but p[rice drop ? Is Luster actually going to produce glove ? any one has seen the factory almost completed installation of machinaries

Posted by luckaje > 2021-04-12 19:07 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147299

Posted by luckaje > 2021-04-12 19:08 | Report Abuse

The Board of Directors (“Board”) of Luster Industries Bhd (“Luster” or the “Company”) wishes to announce that Glovconcept Sdn Bhd (“GSB” or “1st Party”), the 60% owned subsidiary of Glovmaster Sdn Bhd (“Glovmaster”), which in turn the 56%-owned subsidiary of the Company had on 12 April 2021 entered into a Agreement with American Nitrile LLC (“AN” or “2nd Party”) to provide Engineering, Procurement , Construction and Commissioning (EPCC)  and Glove Technology Solution Consulting in relation to Gloves Production Line at 3500 Southwest Blvd / Grove City, OH 43123 or another designated location identified by AN in the United States as described under the attachement below.

Posted by Wolger > 2021-04-12 19:17 | Report Abuse

sell on news lol

Posted by lms95555 > 2021-04-12 19:32 | Report Abuse

tmr gap up

Posted by Samuelgold > 2021-04-12 20:32 | Report Abuse

Short term TP 0.30

Posted by dalpinia > 2021-04-12 21:21 | Report Abuse

PE less than 1

Posted by dalpinia > 2021-04-12 21:21 | Report Abuse

This epcc contract Luster profit is guarantee and also got something like profit sharing of glove..what a wonderful contract.

Posted by dalpinia > 2021-04-12 21:24 | Report Abuse

1Q=15¢
4Q=60¢
RM0.25/RM0.6 = 0.417 PE

Posted by dalpinia > 2021-04-12 21:25 | Report Abuse

What a crazy single order!!! This exclude all other businesses

Posted by skoh > 2021-04-12 21:31 | Report Abuse

Tmr sailang.. :)

Posted by pang72 > 2021-04-12 23:20 | Report Abuse

Another glove rocket!!

Posted by Kenny_Lee_Yop > 2021-04-13 07:19 | Report Abuse

Tp Rm 2 at least .. this is amazing

Posted by speakup > 2021-04-13 09:08 | Report Abuse

this company full of LUST dapat rm1BILLION contract
why drop?

Posted by Hooi369 > 2021-04-13 09:18 | Report Abuse

early morning washing machine start==1

Posted by DY419131 > 2021-04-13 09:29 | Report Abuse

Yes why? Big project but drop like waterfall

Posted by Saberspreez > 2021-04-13 09:39 | Report Abuse

Coz market sifu teach: sell on news. this luster cancer never stop

Posted by JK22 > 2021-04-13 09:39 | Report Abuse

Kena conned . put order 0.25 tried luck. Open market only immediate matched . Was thinking to put 0.30.

Posted by Kingoreng > 2021-04-13 09:40 | Report Abuse

After sell , now is the time to buy back..

Posted by DY419131 > 2021-04-13 09:43 | Report Abuse

Still dropping, hilux many kena trapped this morning after good news

Posted by Saberspreez > 2021-04-13 09:46 | Report Abuse

To all SIFU and insider kaki, stop teaching shit, can be healthy player anot

Posted by maggiemee > 2021-04-13 09:57 | Report Abuse

Sell on news sell sell sell. Hoot9e

Posted by speakup > 2021-04-13 10:01 | Report Abuse

LUST counter con ppl

Posted by Saberspreez > 2021-04-13 10:17 | Report Abuse

come raise hand, who kena kon at high price now?

Posted by btuscy > 2021-04-13 10:25 | Report Abuse

lol

Posted by btuscy > 2021-04-13 10:26 | Report Abuse

so funny reading all the 'experts' comments prior. ada tp50c tprm1 tprm2 lol

Posted by STIDVC > 2021-04-13 10:26 | Report Abuse

lol you all really chasing the dragon with this one, just average down and wait.. i was surprised at the buy volume at such a high price.

Posted by Saberspreez > 2021-04-13 11:06 | Report Abuse

take out your tissue paper and wipe your tear, sell out your house and average down you price this week, will down back to support price, then vroom vroom again next round, cycle never end :)

Posted by Citadel9999 > 2021-04-13 11:09 | Report Abuse

heheh where limit up???

Posted by JK22 > 2021-04-13 11:14 | Report Abuse

US investor belum bangun tidur . Sekarang only midnight . Have to wait tomorrow.

Posted by caonima > 2021-04-13 11:29 | Report Abuse

already up before news out, typical sell on news

Posted by JK22 > 2021-04-13 11:40 | Report Abuse

https://www.theedgemarkets.com/article/luster-down-despite-new-contract-build-glove-production-lines-us

Posted by DreamHunter > 2021-04-13 12:05 | Report Abuse

Luster bags RM1 bil job to build glove factory in Ohio

https://www.nst.com.my/business/2021/04/681767/luster-bags-rm1bil-contract-build-glove-facility-ohio

Posted by whiteshadow > 2021-04-13 14:07 | Report Abuse

is time to buy back ^^

Posted by STIDVC > 2021-04-13 14:08 | Report Abuse

down more, i want to buy in

Posted by JK22 > 2021-04-13 14:14 | Report Abuse

who sell to me 0.245 this morning . My limit order 0.25 . I did best on helping to push up .

Posted by PaulLim > 2021-04-13 14:42 | Report Abuse

Surprised! why with such good news and company prospect the price dip instead??

Posted by STIDVC > 2021-04-13 14:44 | Report Abuse

lucky u @jk22

Posted by maggiemee > 2021-04-13 15:05 | Report Abuse

hoot9e

Posted by maggiemee > 2021-04-13 15:15 | Report Abuse

TPRM3 hoot9e

Posted by STIDVC > 2021-04-13 15:24 | Report Abuse

TP 0.3 also hard liao la bradder

Posted by JK22 > 2021-04-13 16:31 | Report Abuse

Something not right. Who is selling? Not retailers . With this news , no retailers will sell

Posted by Kenny_Lee_Yop > 2021-04-13 16:43 | Report Abuse

maybe director selling last friday and today

Posted by Kenny_Lee_Yop > 2021-04-13 16:44 | Report Abuse

same pattern with widad

Posted by Kingoreng > 2021-04-13 16:52 | Report Abuse

Market is like this, when everyone rush to buy , operator laugh... when all throw... to me is a good opportunity.. Big Boy get big Toys

Posted by chow040 > 2021-04-13 17:05 | Report Abuse

Quote from the announcement:

"AN was incorporated in the United States of America on 4 January 2021 with business
address in 1985 W Henderson Road #2220, Columbus, Ohio 43220 USA, with a
current issued share capital of USD100,000.00 comprising 1,000,000 ordinary shares.
The principal activities of AN are manufacturing non-sterile, powder-free nitrile gloves
for use by healthcare, government and other industries such as retail & food service.

The present directors of AN is Jacob Block. "

AN has just established early this year, with share capital of USD100k and one owner, question raised as if AN has the capability to pay for the project?

Posted by JK22 > 2021-04-13 17:33 | Report Abuse

3.2.2 AN’s Obligations
(a) Sourcing and procurement of Production Plant;
(b) Preparation and completion of utility and infrastructure for the Production Plant,
including but not limited to the supply of electricity and water, storage space /
equipment for raw material and chemicals, installation of production lines and etc.;
Supply the utility, workers, machines, tools and equipment for installation and
commissioning work for the machine line setup in US; but the supervisory and
guidance for the installation of the production lines themselves is GSB’s
responsibility.
(c) Item 3.2.2 (a) and (b) above are to suit and in compliance with the drawings and
specifications prescribed by GSB and agreed to by or on behalf of AN;
(d) Sourcing and procurement of raw material supply for the production of gloves; with
the support from GSB if required. GSB will use its best efforts to help source and
procure raw material supply for the production of gloves;
(e) All costs and expenses are to be borne by AN in relation to the setting up of the
production line including machines and equipment as well as all consumables and
raw materials for the production of gloves;
(f) Support the machineries and equipment’s installation and integration works at the
Production Plant with the onsite guidance by GSB’s team;
(g) Unless based on warranty claims, pay for the Solutions and maintenance costs,
both for parts and labour, in servicing and maintaining the Production Plant and
the production lines;
(h) Resolve any and all issues related to the United State’s Environmental compliance
and OSHA (Occupational Safety and Health Administration) for the Production
Plant, machines lines equipment and chemical / material used for the glove
manufacturing process. GSB will assist to resolve with the best effort.
(i) To bear and pay for (by way of reimbursement to GSB as applicable):
i) All machineries and equipment’s shipment and freight charges and
insurances premium from Malaysian port to the Production Plant:
ii) GSB’s personnels’ reasonable accommodation, transportation, food and
beverages, travelling permit/visa/pass/authorization’s expenses and any
other incidental costs arising therefrom for the purposes of 3.2 (h). (i), (ji )
above or if site visit is required for the purpose of 3.2 (k) above, and
iii) The reasonable administrative and management costs in maintaining a
management office for the purpose of 3.2.1 (k) above, if so required and
agreed to by AN.

=============================================
So that they can make own glove ...by Americans for Americans... Where he got the fund? or Who is he ?

Posted by btuscy > 2021-04-13 23:35 | Report Abuse

incoming tomorrow gap up :)

Posted by klsewizards > 2021-04-13 23:50 | Report Abuse

https://klse.i3investor.com/blogs/pennytostar1/2021-04-13-story-h1563307326-REX_Year_of_Turnaround_Rex_posted_second_consecutive_profitable_quarter.jsp