Posted by OscarC > 2020-06-19 19:30 | Report Abuse

yes. collect more before rebound

Posted by penniless_anchovy > 2020-06-19 20:34 | Report Abuse

serious collect more??..going down like no stop d..

Posted by OscarC > 2020-06-20 08:54 | Report Abuse

its profit increased even MCO period, whereas some counters profit is dropped/loss during MCO period.

Posted by Louise4 > 2020-06-22 09:37 | Report Abuse

Wah, so value-buy. Added more. Hextar's business so good. Sure will rebound soon.

Posted by dannythen > 2020-06-22 09:47 | Report Abuse

same thought, gonna add some more.

Posted by Sebastian Power > 2020-06-22 09:50 | Report Abuse

Hahaha... all in my expectation and prediction. Good to clear stock when above 70cents. Let me think think when to buy back


Sebastian Power public TP is a old TP when the price still 50cents. I have sapu since 49-50cents. the recent QR is good but nothing great with only 1++EPS which under my estimation, Don't just look at the percentage
20/05/2020 2:32 PM

Posted by TheNobbies > 2020-06-22 10:33 | Report Abuse

i think will up maybe 2021 or late 2020, but need to wait the boss bored with rubberex first, then he'll come back

Posted by averose > 2020-06-22 11:43 | Report Abuse

add some more, average down. this company improve the business and start making money since the last three quarters.

Posted by averose > 2020-06-22 12:14 | Report Abuse

not only the business start to improve, they also confident making more money for the whole of 2020

Posted by Johnfatt > 2020-06-22 16:11 | Report Abuse

TA wise shows downtrend guys, I do hold small quantity but kinda pissed off with the moving pattern.

Posted by Value888 > 2020-06-22 17:33 | Report Abuse

Will rebound strongly.

Posted by OscarC > 2020-06-22 20:59 | Report Abuse

if each quarter give 1 cent dividend, at current price dividend yield will be 7.33%. if no rebound, also attractive dividend yield, just hold it.

Posted by zhangliang > 2020-06-22 21:38 | Report Abuse

Hextar boss offer takeover of Rubberex rm1.80 per share.

https://klse.i3investor.com/insider/substantialShareholder/7803/22-Jun-2020/491228_3525416708.jsp

Gud news for Hextar! Finally

Posted by fitman > 2020-06-22 21:44 | Report Abuse

so cheap buy rubberex, tml limit up for sure

Posted by High5 > 2020-06-22 22:30 | Report Abuse

KUALA LUMPUR, June 22 — Hextar Rubber Sdn Bhd and Hextar Global Bhd executive director Datuk Ong Choo Meng have collectively acquired a 20.63 per cent stake or 57.25 million shares in Rubberex Corporation (M) Bhd (Rubberex), at RM1.80 per share.

The parties had sealed the proposed deal with Seng Sheng Enterprise Sdn Bhd, Datuk Seri Chiau Beng Teik and Peh Lian Hwa.


Following the acquisition, the joint offerors’ collective equity interest in the company has increased to 139.22 million or approximately 50.18 per cent, from 81.97 million shares or 29.55 per cent previously, said Rubberex in a filing with Bursa Malaysia today.

It said the joint offerors are obliged to extend a mandatory takeover offer to acquire all the remaining 138.21 million Rubberex shares which are not already owned by them for a cash offer price of RM1.80 per share.


“In order to ensure the continued listing of Rubberex on the Main Market of Bursa Securities, Rubberex must satisfy the public shareholding spread requirement that at least 25 per cent of its total listed shares are in the hands of public shareholders.

“Bursa Securities may accept a percentage lower than 25 per cent of the total number of listed shares (excluding treasury shares) if it is satisfied that such lower percentage is sufficient for a liquid market of such shares,” it added. — Bernama

Posted by Louise4 > 2020-06-23 08:32 | Report Abuse

Good plan for Hextar & bright prospect.

Posted by Value888 > 2020-06-23 09:28 | Report Abuse

Congrats all. Moved to Bursa, must buy.

Posted by pretty_life > 2020-06-23 09:53 | Report Abuse

Pls don’t chase... the PE ration is over 140% Liao... too high

Posted by GG7448 > 2020-06-23 10:16 | Report Abuse

is Hextar Rubber Sdn Bhd under Hextar Global Berhad?

Posted by unomi12 > 2020-06-23 15:58 | Report Abuse

drop to 60 sen?

I guess wil drop even further?

Posted by SpartanFury > 2020-06-23 17:52 | Report Abuse

https://www.theedgemarkets.com/article/mysterious-sharp-rise-hextar-globals-share-price

"However, it is worth noting that Hextar does not own a single share in Rubberex."

Is edgemarkets playing stocks now? Why on earth are they acting like the price movement is a surprise to investment fraternities.

In their previous article

https://www.theedgemarkets.com/article/hextar-rubber-acquires-more-stake-rubberex-triggers-mandatory-takeover

Chemical firm Hextar Global Bhd's executive director Datuk Ong Choo Meng "and" his 90%-held Hextar Rubber Sdn Bhd have acquired an additional 20.63% stake in Rubberex, raising their collective interest to 50.18%

The even cited that

"the duo or joint offerors are obliged to extend a mandatory takeover offer to acquire all the remaining 138.21 million Rubberex shares which are not already owned by them at the same RM1.80 per share, cash."

Ending the article with

"The offerors, however, intend to maintain the listing status of Rubberex on the Main Market of Bursa Malaysia."

I can understand if an article was misreported. We are human so no big deal but why on earth do you write an article one way and then act surprise when the market reacts to it.

The new article has changed it that only the director has to make an offer.

Posted by SpartanFury > 2020-06-23 17:59 | Report Abuse

heck bernama did even better.. they just cited it as global and rubber
https://www.bernama.com/en/business/news.php?id=1853650

Posted by zhangliang > 2020-06-23 18:11 | Report Abuse

I look at it tis way. Hextar Rubber is private co not subsidiary under Hextar Global. But d fact the name Hextar used can indicate he may wan 2 expand Hextar Global Bhd business to include glove. So he may sell Hextar Rubber 2 listed co Hextar Global later on at a certain price. He wins both ways - he can cash out his personal investments & pocket listed co money & grow Hextar Global business through diversification into tis hot thematic glove play.

Posted by SpartanFury > 2020-06-23 19:24 | Report Abuse

oh well.. I'm just surprised by the reporting style. I'm basically a new investor so I haven't seen a scenario like this before.

Posted by SpartanFury > 2020-06-23 19:25 | Report Abuse

usually when I see the same private co. name as the listed it turned out to be a subsidary but it seems to be a mistake easy to make as bernama reported it as hextar global and hextar rubber

Posted by SpartanFury > 2020-06-23 19:26 | Report Abuse

what's the method to determine parent company of a sdn bhd?

Posted by Sebastian Power > 2020-06-24 09:10 | Report Abuse

However, it is worth noting that Hextar does not own a single share in Rubberex.

KUALA LUMPUR (June 23): Chemical products maker Hextar Global Bhd's share price saw a "gap up" at the opening bell today. The stock surged as much as 25% to its intraday high of 68 sen in the morning session.

At noon break, the stock closed at 62 sen, up 7.5 sen or 13.7%. Some 15.6 million shares changed hands — the highest level in a month.


However, the sharp rise in Hextar's share price has puzzled some in the investing fraternity, wondering what could have sparked the surge in interest in the stock.

The news flow related to Hextar is that one of its executive directors, Datuk Ong Choo Meng, has raised his stakes in Rubberex Corp Bhd, a rubber glove manufacturer, and subsequently launched a mandatory general offer (MGO) at RM1.80 per share, which is a 38.4% discount over yesterday's closing.

However, it is worth noting that Hextar does not own a single share in Rubberex.

In the filing with Bursa Malaysia, Rubberex said Ong and his 90%-held Hextar Rubber Sdn Bhd have bought an additional 20.63% stake in Rubberex, raising their collective interest to 50.18% — above the 33% threshold that triggers the MGO for the remaining shares they do not own in the company.

Ong seems to have sealed a good deal buying the block of 57.25 million shares at a big discount over market price from Seng Sheng Enterprise Sdn Bhd, Datuk Seri Chiau Beng Teik and Peh Lian Hwa at RM1.80 per share or RM103.05 million in total through direct business transactions.

Notably, the purchase price is at a significant 38.4% discount from Rubberex's closing price of RM2.92 yesterday. Rubberex's share price, however, dropped seven sen to RM2.85 with about 8.58 million shares traded.

PublicInvest Research has an "outperform" call on Hextar with a target price (TP) of 91 sen.

The TP is based on 15 times price-earnings multiple on financial year 2021 (FY21) estimated earnings, amid expectations of acquisition-related activities that could provide a lift to Hextar's earnings in the second half of FY20.

For the first quarter ended March 31, 2020 (1QFY20), Hextar saw a 54% jump in net profit to RM9.45 million, from RM6.14 million a year ago, while its revenue grew 28% to RM104.57 million from RM81.9 million, mainly due to a bigger contribution from its enlarged agriculture segment and consumer products segment.

The firm said the completion of its reverse takeover of Hextar Chemical Ltd back in April 2019 resulted in enlarged revenue contribution especially from its consumer products segment

Posted by Tete7893 > 2020-06-24 16:55 | Report Abuse

this stock really no power~ seller more than buyer. public invest u should push to price to 0.91

Posted by Albukhary > 2020-06-24 17:40 | Report Abuse

i smell something.. not sure is BBQ or Hangus

Posted by TAShare > 2020-06-24 21:08 | Report Abuse

Wait la

Posted by Maxigain > 2020-06-26 00:55 | Report Abuse

One of very few companies that reported good QR in this difficult time.

Posted by Tete7893 > 2020-06-26 09:45 | Report Abuse

pukimak and kanasai stock up one day drop three days ! earn big money during MCO price cannot up

Posted by Jumax228 > 2020-06-26 10:08 | Report Abuse

Go

Posted by Jumax228 > 2020-06-26 10:09 | Report Abuse

Hi

Posted by Jumax228 > 2020-06-26 10:10 | Report Abuse

Go

Posted by Tete7893 > 2020-06-26 10:18 | Report Abuse

this stock really no power ! really noob and lousy

Posted by Jumax228 > 2020-06-26 10:18 | Report Abuse

Forced selling day today, high vol on tuesday

Posted by Jumax228 > 2020-06-26 10:19 | Report Abuse

Check the vol on tuesday. Sell beforw others do

Posted by Tete7893 > 2020-06-26 10:26 | Report Abuse

0.57 break no more movie ~

Posted by Jumax228 > 2020-06-26 10:54 | Report Abuse

Some are trapped above 0.63, caged hairy crab, pity

Posted by Jumax228 > 2020-06-26 11:33 | Report Abuse

0.56

Posted by zhangliang > 2020-06-26 23:32 | Report Abuse

Ya I am trap inside but I hold 1st. Once rubberex rebound, ‘tis hextar will rebound 2. I am sure of it. Let’s c when glove all rebound

Posted by Maxigain > 2020-06-27 19:46 | Report Abuse

https://www.bbc.com/news/av/world-africa-53170894/preventing-a-plague-fighting-kenya-s-locusts

Hextar will soon fly. Locust attack now in Africa, India. Hextar pesticides demand will be increased. Everyone is taking about covid19, but overlooked the locust plaque facing by China, India,Pakistan now Africa.

Posted by Maxigain > 2020-06-27 19:50 | Report Abuse

https://www.npr.org/sections/goatsandsoda/2020/06/14/876002404/locusts-are-a-plague-of-biblical-scope-in-2020-why-and-what-are-they-exactly

Posted by Maxigain > 2020-06-27 19:52 | Report Abuse

Food security... hextar specialize In. Food security,

Posted by Maxigain > 2020-06-27 19:54 | Report Abuse

Next QR will be fantastic

Posted by Effendy Tay > 2020-06-30 11:34 | Report Abuse

No chance to buy 50 cts, strong momentum waiting qr soon, when?

Posted by Effendy Tay > 2020-06-30 11:38 | Report Abuse

Few comments rubberex private placement 1.80 huh Today reaching 3..30 highest. What's next? Pray hard hextar suddenly pick up,

Posted by Effendy Tay > 2020-07-02 13:11 | Report Abuse

Exited to know qr, second wave covid-19 pandemic, the demand for medical specialties is definitely a big challenge. What is the impact when rubberex merge with hextar as prominent conglomerate? Voom voom.....

Posted by Effendy Tay > 2020-07-02 15:02 | Report Abuse

The show just started, still cheap to consider previous high was 83 cts, 73 cts and 68 cts public involvement target 93 cts. Check first b4 you buy. Best of luck