Posted by BuffetOnWeed > 2021-05-06 11:57 | Report Abuse

U guys don't realise the the smaller the market cap, the bigger the growth. Just look why kossan QR higher growth than of harta or supermax

Posted by BuffetOnWeed > 2021-05-06 11:58 | Report Abuse

It's very possible for rubber ex to double or triple net profit. But not possible for something like topglove

Posted by robertzz > 2021-05-06 12:06 | Report Abuse

dont bark here and bark there.. no confident can just sell and walk off.. dipersilakan..

Posted by robertzz > 2021-05-06 12:07 | Report Abuse

I will hold my ticket to coming agm.. cant wait to vote to against their special director fees..

Posted by Knm_bottomed > 2021-05-06 12:32 | Report Abuse

So many hiccups in rubberex production last quarter. Price was also heavily suppressed because of slower demand from US

Posted by Citadel9999 > 2021-05-06 12:32 | Report Abuse

so???

Posted by Citadel9999 > 2021-05-06 12:32 | Report Abuse

new record so???? help Ur share price???

Posted by skcm2017 > 2021-05-06 12:33 | Report Abuse

India - single-day rise in coronavirus cases of over 412,000 in the last 24 hours. (new global records) and death of 3,980.

Posted by Knm_bottomed > 2021-05-06 12:48 | Report Abuse

No need wear gloves for vaccinations. Dangerous to wear gloves can spread bacteria

Posted by robertzz > 2021-05-06 13:00 | Report Abuse

Sure or not, hiccups for Rubberex’s production. Any news to prove it? hahaha

Posted by skcm2017 > 2021-05-06 13:02 | Report Abuse

hahaha...Dr Bottom spoken already, no need for gloves during any surgery or vaccinations. allergic..hahaha

Posted by Knm_bottomed > 2021-05-06 13:03 | Report Abuse

@skcm2017 can check with your doctor. now AZ vaccinations they all not wearing gloves

Posted by robertzz > 2021-05-06 13:09 | Report Abuse

ASP will definitely drop but won’t have very huge discount like 50%.

For example, good ASP at range of USD 80 to USD 120. Consider a 30% discount from the price become USD 56 to USD 84. Somehow production volume increasing double. Is that able to cover?

During pandemic period, worldwide were shortage of glove, that’s the fact.

If a big giant company like KLK desperate to venture to glove business and existing top 4 also heavily increase their capacity. Meaning that their board are very optimist with the future business.No people will do lost money business.

Posted by robertzz > 2021-05-06 13:18 | Report Abuse

Not to forget Europe itself have issue for vaccine delivery and few countries (Netherlands, Germany and etc) having lock down. Most importantly, Rubberex have it own trading company at Spain. This will definitely benefit from it since 1st lock down.

Posted by skcm2017 > 2021-05-06 13:46 | Report Abuse

aoyoyo...Dr Bottom. There is a vacancy for a doctor position in India, but the doctor must not use the glove.. hahahaha... struggling with my laughing of non-stop

Posted by robertzz > 2021-05-06 14:07 | Report Abuse

I heard that they willing to pay . x12.. mau ka..

Posted by Lukesharewalker > 2021-05-06 15:01 | Report Abuse

If gloves spot can drop 25% profits can drop 25% in coming QRs

Posted by BuffetOnWeed > 2021-05-06 15:13 | Report Abuse

Supermax speak for themself. Kossan how come NP double.

Posted by BuffetOnWeed > 2021-05-06 15:13 | Report Abuse

Soon if rubberex 3x NP then we see

Posted by Lukesharewalker > 2021-05-06 16:13 | Report Abuse

If future is declining profits with no dividend after each QR what's there to look forward to...?

Posted by robertzz > 2021-05-06 17:00 | Report Abuse

Will drop for first few months but subsequent with the increasing of production volume of it will increase back the earning.

Let start a simple calculation:
Production increase from 1B to 2.5B. Total increase of 1.5B.
Per month of production = 125m.
Selling price at USD 60 (discounted 25% from USD 80) per 1000 pcs.
Per month revenue = RM30m

P/S: Current ASP price at USD 80 -120

therefore, earning will just continue dropping.

Posted by robertzz > 2021-05-06 17:04 | Report Abuse

Off course people will say impossible drop so little.. bla bla bla..

Let have the calculations:
Per month of production = 125m.
Selling price at USD 40 (discounted 50% from USD 80) per 1000 pcs.
Per month revenue = RM20m

Every QR will have additional RM60M

Posted by robertzz > 2021-05-06 17:05 | Report Abuse

So be fool to start calculations and research by own and believe on your own. Not by barking

Posted by i3Shark > 2021-05-06 17:25 | Report Abuse

rubbish counter, tomorrow sure will gap down many cents, cut loss before burn all your money and capital

Posted by skcm2017 > 2021-05-06 17:34 | Report Abuse

The new player will be gone very sooner, a barrier for new entries due to lower ASP e.g Mahsing. ROI will be many2x years for them.

Posted by Pandu1 > 2021-05-06 17:44 | Report Abuse

Vacn without glove n underwear lo.

Posted by Pandu1 > 2021-05-06 17:45 |

Post removed.Why?

Posted by Pandu1 > 2021-05-06 17:47 | Report Abuse

U all can give all short of analysis but pls rmmber d basic things; when there r more sellers than buyer the price will go down n vice versa. Wanakam.

Posted by Pandu1 > 2021-05-06 17:50 | Report Abuse

Buy on weakness n sell in strength.

Posted by skcm2017 > 2021-05-06 17:59 | Report Abuse

yes, buy on weaknesses. done deal thousand2x today. I did the analysis and react to it..hahaha. no need for your advice... while here.. free mindset and talking while waiting to go home...ummmhhhh...raining and jammed today

Posted by Albukhary > 2021-05-06 18:13 | Report Abuse

Just buy, Ruberrex ASP not dropping, all its glove still expensive

Posted by Oothein64 > 2021-05-06 19:52 | Report Abuse

Albukhary Just buy, Ruberrex ASP not dropping, all its glove still expensive

Al you got a point.... Ruberex flactuation is bare min and both ways - up or down it is pretty steady in its movement range

Posted by robertzz > 2021-05-06 19:55 | Report Abuse

their subsidiary at spain.. so mostly sales to europe and Asia.. not going us like top 4

Posted by John1234 > 2021-05-06 20:31 | Report Abuse

Today, we had another red day for glove counters, after Supermax's quarterly result release.

The closing prices for the big 4 today:
Kossan - 4.02(xd), down 3.8%
Hartalega - 9.25, down 5.9%
Supermax - 4.87, down 12.6%
Top Glove - 5.06, down 4.9%

It is not surprising to see the highest % drop for Supermax as it was leading last year's glove rally by its supposedly highest ASP procured.

So far, Kossan's result was the best. Hartalega and Supermax were somewhat disappointments. Next one to watch out for would be Top Glove.

Rubberex, Comfort and Careplus are like 3 musketeers, trading at about the same prices:
Rubberex - 1.13 or 2.26(original pre-bonus issue price)
Comfort - 2.24
Careplus - 2.23

Not a buy or sell recommendation. Do your own homework.

Posted by skcm2017 > 2021-05-06 20:52 | Report Abuse

Maybank Kim Eng posted the analysis till 2024 and cutting down 10% of the total demand and revenue.. did he read the news of India and the increase in global. These analysts are posted when they have the interest.

The awareness of using gloves is higher than before and the usage is across the industries now. e.g. F&B front liners. hahaha...nothing to worry about, will load more3x tomorrow if the price still remains.

https://www.theborneopost.com/2021/04/05/rubber-glove-asp-unlikely-to-decline-further-into-2h21/

https://www.thestar.com.my/business/business-news/2021/02/19/glove-prices-remain-robust-amid-supply-shortage

So much news... Happy investing and harvesting

Posted by Bullrunrun > 2021-05-06 20:58 | Report Abuse

If drop again tomorrow
I will buy more

Posted by brian3381 > 2021-05-06 21:18 |

Post removed.Why?

Posted by skcm2017 > 2021-05-06 22:23 | Report Abuse

different people will not have a similar mindset as you are brian. I was gained my millions with gloves makers when people give all negative and no-smart brain assessment (pity), so KLSE investor's site is a place to talk freely and speak free as everybody wishes to do so..Happy investing and harvesting..Robertz and John1234 are smart investors with analysis...can you come with fact analysis..want to hear from you also.

(Bottom) Doctors no need gloves and hiccup with production. still struggling with non-stop laughing.

Posted by Pandu1 > 2021-05-06 22:24 | Report Abuse

skcm2017. Hello. Im not advising u ok.

Posted by skcm2017 > 2021-05-07 08:06 | Report Abuse

-> pandu1: is it?

Posted by Bgt 9963 > 2021-05-07 08:23 |

Post removed.Why?

Posted by robertzz > 2021-05-07 08:28 | Report Abuse

no worries.. more average down and will keep till AGM.. to vote against the special director fees

Posted by BuffetOnWeed > 2021-05-07 08:47 | Report Abuse

It's a new day. Let's go back up.

Posted by holyspirit > 2021-05-07 09:16 | Report Abuse

@Robertzz: Good morning robert....just asking cause came to my mind, did you check recently at bursa page for any short selling of rubberex? can share here? ( sorry , am running errand can't access to bursa page)

Posted by holyspirit > 2021-05-07 09:16 | Report Abuse

Thanks in advance ,Robert

Posted by BuffetOnWeed > 2021-05-07 09:25 | Report Abuse

I can say one thing. Rubber ex drop yesterday was to build support for the uptrend. Yesterday was purely TA driven move.

Posted by robertzz > 2021-05-07 09:47 | Report Abuse

https://www.bursamalaysia.com/market_information/market_statistic/securities

Posted by holyspirit > 2021-05-07 09:59 | Report Abuse

@skcm2017: congrats... i saw your posting yesterday, buy on weakness....i think you have made some $$ today :)

Posted by BuffetOnWeed > 2021-05-07 10:17 | Report Abuse

rm600k short rubberex. Hmn quite much compared to other glove stocks

Posted by BuffetOnWeed > 2021-05-07 10:31 | Report Abuse

lets squeeze the shorts