Posted by LOOK009 > 2020-11-22 11:12 | Report Abuse

It is rumored that a high dividend will be paid.

Posted by wkkht > 2020-11-22 11:33 | Report Abuse

You will see that EPF will buy shares in this counter next week.

Posted by DreamMaster > 2020-11-22 11:40 | Report Abuse

Good news loh

Posted by DreamMaster > 2020-11-22 11:40 | Report Abuse

Great stuff coming

Posted by DreamMaster > 2020-11-22 11:41 | Report Abuse

Excellent

Posted by DreamMaster > 2020-11-22 12:06 | Report Abuse

2.60 coming soon

Posted by DreamMaster > 2020-11-22 12:07 | Report Abuse

Great days returning

Posted by shlyw > 2020-11-22 12:11 | Report Abuse

https://www.klsescreener.com/v2/news/view/756223/rubberex-hartalega-top-glove-innature-csc-tropicana-perdana-petroleum-maxis-and-aax

Posted by DreamMaster > 2020-11-22 12:15 | Report Abuse

heng arrh

Posted by DreamMaster > 2020-11-22 12:16 | Report Abuse

ong arrh

Posted by DreamMaster > 2020-11-22 12:16 | Report Abuse

huat arrh

Posted by DreamMaster > 2020-11-22 12:16 | Report Abuse

huat chai

Posted by Joyce Lee > 2020-11-22 12:39 | Report Abuse

Next week 2.6? Cn or nt oh

Posted by DreamMaster > 2020-11-22 12:58 | Report Abuse

Why not

Posted by DreamMaster > 2020-11-22 12:59 | Report Abuse

Just Friday also up 16 sen

Posted by DreamMaster > 2020-11-22 13:02 | Report Abuse

Been beaten down so badly over last couple weeks

Posted by Huat 888 > 2020-11-22 14:47 | Report Abuse

coming soon 2.5
don't miss the boat

Posted by Joyce Lee > 2020-11-22 17:20 | Report Abuse

One week up 60 sen, feel like a bit hard

Posted by Joyce Lee > 2020-11-22 17:20 | Report Abuse

But of coz i hope im wrong

Posted by fizz27 > 2020-11-22 17:42 | Report Abuse

Trust me people will slowly invest back in gloves as their hedging. Fundamental will prevail next year when businesses suffer from covid.

Posted by bonds56 > 2020-11-22 17:59 | Report Abuse

Next week TP 2.60

Posted by 99newbie > 2020-11-22 18:11 | Report Abuse

tp buy rhb is 3

Posted by Finance4114 > 2020-11-22 18:18 | Report Abuse

If big 4 up.....2.60 no problem

Posted by rocky_88 > 2020-11-22 19:39 | Report Abuse

graph cun..qr cun..apa tgggu lg.. after rm3 then go in ?

Posted by 99newbie > 2020-11-22 21:24 | Report Abuse

even vaccine out the demand of glove still there, doctor and nurse need to wear glove when do the vaccination

Posted by mf > 2020-11-22 21:24 | Report Abuse

Teratai cluster linked to Top Glove dormitories records almost 1,500 Covid-19 cases — MoH
Syafiqah Salim
/
theedgemarkets.com

November 22, 2020 20:40 pm +08

Posted by tablesalt > 2020-11-22 21:39 | Report Abuse

So if Topglov shutdown its factories, the smaller players will get more orders?

Posted by ThinkAgain > 2020-11-23 04:10 | Report Abuse

https://www.sinarharian.com.my/article/111364/BERITA/Tragedi/Pekerja-kilang-maut-tersepit-mesin

If tomorrow limit down, then u know why.. careful guys.

Posted by SaveMsiaFromPHGov > 2020-11-23 04:31 |

Post removed.Why?

Posted by tsim123 > 2020-11-23 06:35 | Report Abuse

https://www.ctvnews.ca/health/coronavirus/a-long-way-from-lab-bench-to-bedside-virus-experts-urge-covid-19-vaccine-caution-1.5199238

Posted by Finance4114 > 2020-11-23 06:48 | Report Abuse

If limit down....no issue...orpotunity to buy...again holding power...

Posted by Stonecold > 2020-11-23 08:18 | Report Abuse

today limit up

Posted by learner1234 > 2020-11-23 08:30 | Report Abuse

No hope for glove counters already..

Posted by goody99 > 2020-11-23 08:38 | Report Abuse

Better do not buy early early in the morning. If not mistaken, big fund would love to take this chance to sell. Most people must have kept this stock and waited for the QR, which expected to be great. For me the risk/reward is not attractive at all. Worse... every time there is news about vaccine, it is another scare, and it keeps the share price from advancing. I feel like people are scared to add position, and not betting big. And news about vaccine should appear more frequent in the future. This obstacle will always be there.

Posted by shlyw > 2020-11-23 08:50 | Report Abuse

Trading ideas: Maxis, AirAsia X, Rubberex, CSC Steel
TheStar Mon, Nov 23, 2020 08:05am - 44 minutes ago



KUALA LUMPUR: Maxis, AirAsia X, Rubberex and CSC Steel are among the companies to watch on Monday after their recent corporate announcements, TA Securities Research said.

Maxis’s unit Maxis Broadband Sdn Bhd has been hit with an RM140.0mil tax bill after served with notices of additional assessment with penalties for tax years 2016 and 2017 from the Inland Revenue Board on Nov 17.

AirAsia X has been ordered to pay a total of RM133.1mil in two lawsuits brought against it in the UK, involving aircraft leasing.

Rubberex's net profit for the 3QFY20 surged 13 times to RM39.5mil from RM3.1mil a year ago, driven by higher nitrile glove demand.

CSC Steel's net profit for 3QFY20 rose 21% YoY to RM12.7mil from RM10.5mil, as it sold more higher-margin products.

Tropicana Corp Bhd recorded a 14% YoY drop in its 3QFY20 net profit to RM14.5mil from RM16.8mil, on lower sales and a temporary pause in activities, amid Covid-19.

Perdana Petroleum Bhd posted a wider net loss of RM30.5mil in 3QFY20, from RM2.9mil in 2QFY20, as it saw lower vessel utilisation rates.

Malaysia Steel Works (KL) Bhd posted a 95.7% YoY drop in net profit to RM3.8mil for 3QFY20.

The Employees Provident Fund has emerged as the substantial shareholder of Hartalega, after buying 174.3 mil shares or 5.1% stake in the rubber glove maker company.

Tune Protect Bhd’s net profit sank 79% to RM2.3mil in 3QFY20 from RM11mil a year ago, on lower gross written premiums and net earned premiums, owing to lower contribution from its travel segment due to the Covid-19 pandemic.

Posted by shlyw > 2020-11-23 08:53 | Report Abuse

After making so much money, dividends should be paid to shareholders.

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

Order for glove in high demand. Good news.

Posted by KFKF > 2020-11-23 09:35 | Report Abuse

Many peoples worry about vaccines and do not understand that vaccination in fact stimulate the protective equipments consumption structurally.

Posted by ssoo2589 > 2020-11-23 09:36 | Report Abuse

cluelessss

Posted by Plantermen > 2020-11-23 09:38 | Report Abuse

Worldwide infections hitting 58 million. US, India, Brazil, Russia, EU countries all hard hit. Gloves { medical, household, commercial usage} still insufficient

Posted by Plantermen > 2020-11-23 09:39 | Report Abuse

Errata :production still insufficient to meet demand

Posted by stockraider > 2020-11-23 09:47 | Report Abuse

TIME TO BAILOUT OF GLOVES, TODAY BIG WINNER WILL BE TOMORROW BIG LOSER.

Posted by Shadows > 2020-11-23 10:09 | Report Abuse

Winter is coming and covid19 is accelerating. Unstoppable unless strict lock down but at least until next Spring.

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

RHB IB on research today again target Ruberex RM3 amid high profit on last QR

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

https://www.theedgemarkets.com/article/bright-prospects-rubberex-4q20-and-fy21-says-analyst

Go go go Ruberex!

Posted by imvu > 2020-11-23 11:59 | Report Abuse

petang naik?

Posted by kdginvest > 2020-11-23 12:03 | Report Abuse

https://www.theedgemarkets.com/article/bright-prospects-rubberex-4q20-and-fy21-says-analyst

TP RM3 COMING SOON.

Posted by kdginvest > 2020-11-23 12:06 | Report Abuse

GLOVE STOCKS READY TO FLY THIS WEEK, WITH A GOOD START ON MONDAY.

Posted by Leon168 > 2020-11-23 12:06 | Report Abuse

KUALA LUMPUR (Nov 23): RHB Investment Bank Bhd expects strong numbers from Rubberex Corp (M) Bhd in 4Q20 and FY21 after the completion of its nitrile glove production capacity expansion earlier this month, which should boost its total capacity by a whopping 150% to 2.5 billion pieces per annum.

The research house's analyst Alan Lim said in a note today that the company's new factory has an annual capacity of 1.5 billion pieces and two out of its five lines are already running.

He added that the factory is expected to start contributing to earnings this month.

“For December, we expect all five lines to be operating. Due to the volume increase and higher average selling price (ASP), we expect 4Q20 earnings to be much better quarter-on-quarter.

“Full earnings contributions from the new plant will be seen in FY21, which points to a positive outlook for the company,” he said.

Rubberex has also announced the acquisition of two parcels of leasehold industrial land in Kinta, Perak. The total size is 11.9 acres, and the land valuation works out to RM22 per sq ft.

“We gather that the acquisition was done to expand its nitrile glove manufacturing capacity — this is expected to be completed in 1Q21.

“We are positive on the deal, since capacity expansion bodes well for future earnings. However, we keep our earnings estimates unchanged for now, while we await details on the planned capacity expansion,” he said.

Meanwhile, Lim said Rubberex’s 3Q20 results met its expectations, with earnings surging 72% quarter-on-quarter.

“We deem its results as being in line, as we expect robust 4Q20 numbers, due to the increase in ASP and the maiden contribution from its new facility,” he said.

According to Lim, the strong earnings growth was caused by revenue climbing by 24% quarter-on-quarter and 75% year-on-year. This is in line with the ASP hike and sales volume growth.

In the short term, Lim said its 4Q20 earnings should improve quarter-on-quarter on the ASP increase and maiden contribution from the new plant.

In the long run, he opined that Rubberex should benefit from the growth in demand for gloves, which is expected to increase by 8% to 10% annually.

Lim maintained buy call and target price (TP) of RM3 on Rubberex.

“Our TP implies 9.8 times of FY21 price to earnings ratio, which is at a 35% discount to the peer average, and reflects the company’s smaller market cap and liquidity,” he said.

At the time of writing, Rubberex rose 3 sen or 1.46% to RM2.08, valuing the group at RM1.71 billion.

Lam Jian Wyn

Target Price RM 3, Please fasten your seatbelt, will Fly to The Moon Anytime! amid concern over rising Covid cases

Posted by hisham206 > 2020-11-23 12:26 | Report Abuse

Expected big show this afternoon. RM3 coming closer.