Posted by hoowk77 > 2021-05-28 14:16 | Report Abuse

PAT 86.6M..great

Posted by Surewind > 2021-05-28 14:18 | Report Abuse

Quite disappointed with no dividend again. I was not hopping for big dividends given by other glove companies but to give small to reward us who are planning to keep for long term.

Posted by Albukhary > 2021-05-28 14:21 | Report Abuse

Sales increase from Rm153mil to RM175mil, this show an increase of RM22mil.
PBT increase from RM74mil to RM112mil, this show an increase of RM38mil, even minus the one off gain of RM5.9mil, still have RM32mil.

As PBT increase more than Revenue, it proof that either ASP is increase, or Cost is reduce due to more efficiency production of the new production line.

COGS = RM175mil - RM112mil = Rm63Mil.

RM63mil divided by (2.5bil / 4 quarter) = RNM.10 per pcs.

RM175mil divided by (2.5bil / 4 quarter) = RM0.28 per pcs

RM0.28 x 100 per box = RM28 per box.

Then convert to USD, become USD7.00 per box, or USD70 per carton.

** The above just a brief calculation, as rubberex has other type of glove production, so the above calculation may not be accurate **

Posted by Lukesharewalker > 2021-05-28 14:49 | Report Abuse

Muted response even if forward pe of 3

Posted by BuffetOnWeed > 2021-05-28 14:50 | Report Abuse

Any idea their NP for Q1 2021?

Posted by Albukhary > 2021-05-28 14:58 | Report Abuse

Wow... even such a fabulous result and good prospect also cannot push the share price up.

Bravo bursa malaysia, all the fund manger sleeping, institution sleeping, EPF sleeping.

Posted by BuffetOnWeed > 2021-05-28 14:59 | Report Abuse

Albukhary, fund manager slow lar hahha.

Posted by BuffetOnWeed > 2021-05-28 15:00 | Report Abuse

Today Friday. All either relaxing or snorting coke or smoking weed

Posted by kuanyap > 2021-05-28 15:01 | Report Abuse

Adventa keep losing money consistenly, price also move above rm2!!!!

Posted by Albukhary > 2021-05-28 15:13 | Report Abuse

Why people willing to throw tonnes of money go to buy Bitcoin, Dogecoin, Sedania, Jetson, Dataprep, Ucrest, Adventa, why don't want buy Ruberex?

Posted by kens88 > 2021-05-28 15:15 | Report Abuse

Seems the market in general has decided to ignore glove counter earnings regardless of vaccination or worsening covid situation.

No need bash me. Just stating facts. I holding Tg also

Posted by robertzz > 2021-05-28 15:41 | Report Abuse

one quarter of profit = 65% of last year's profit..apa mau lagi !!

Posted by JK22 > 2021-05-28 15:45 | Report Abuse

No Div? Haizzzzz . Never mind .. will hold , gloves demand still here next 1 years to fill up gap. And Condom is a recovery products ..so balance up with gloves later... kakakaka

Posted by stingray_ea > 2021-05-28 15:47 | Report Abuse

good qr

Posted by Start_0f_the_bull > 2021-05-28 15:48 | Report Abuse

8250 new cases.

Posted by ahchong01 > 2021-05-28 15:52 | Report Abuse

JK22. Last time ruberex used to pay div half yearly. so maybe next quarter got div la. i think la. not sure haha.

Posted by BuffetOnWeed > 2021-05-28 16:32 | Report Abuse

Amazing that the NP margin at 49%

Posted by Jonathan Keung > 2021-05-28 16:33 | Report Abuse

Value investing is really tough ! Local stocks driven by perception and sentiment.look at local banks and IB's recommendations on Glove counters { you trust thier reviews } you end up holding spoilt durian. Kpower, Serba glowing reports suddenly drop like hot potato. Do your own homework

Posted by jackfruit > 2021-05-28 16:57 | Report Abuse

How to give dividend Rubberex pump another 400 million for plant expansion to increase another 7.5 million pcs capacity by ended of 2022.

Posted by robertzz > 2021-05-28 17:01 | Report Abuse

7.5b not 7.5m

Posted by chensk > 2021-05-28 17:04 | Report Abuse

wah! earned so much money! but shareholders are not rewarded...

Posted by kasrim > 2021-05-28 17:09 | Report Abuse

kedekut punya boss..

Posted by BuffetOnWeed > 2021-05-28 17:12 | Report Abuse

Expand first ok lar. After expend, next 4 years dividend declare every quarter

Posted by robertzz > 2021-05-28 17:27 | Report Abuse

People in Malaysia, banyak susah nowadays:

When cases at 1K, AZ very dangerous got blood clot, no need vaccine, still tango and walk around.
When cases at 7k, anything also ok, rushing to register for it.
Now – government officially announce that AZ vaccine will officially become one of the vaccines in national vaccination program.

Posted by bpsiah > 2021-05-28 17:32 | Report Abuse

Ruberex pay dividends consistently for past years and this has now being broken even though this was the year with highest profits per quarter/year. A dividend of 2 sen only come up to RM16.6m. Share price would have moved up if dividends given. Maybe they want the price to move lower so that can do share buyback.

Posted by robertzz > 2021-05-28 17:33 | Report Abuse

just wait for lock down.. stay tuned everyone !!

Posted by michaelwong > 2021-05-28 17:43 | Report Abuse

Fantastic financial results for all glove stocks counter cannot move share price so don't be happy

Posted by shearer202 > 2021-05-28 18:09 | Report Abuse

瓜拉庇劳手套厂关闭2周
（瓜拉庇劳28日讯）瓜拉庇劳一间大型手套厂被令关闭2周，目前该厂的确诊新冠病例累计达到71宗。

有关手套厂最先是于2天前有8名员工确诊新冠肺炎，随后工厂于26日（周三）被令关闭2周，而厂内415名员工则被安排进行筛检。

瓜拉庇劳天灾管理委员会主席莫哈末法扎指出，日前卫生局已经为415名员工进行筛检，如今确诊人数已从原有的8人，增加至71人，即64人为外籍员工，7人本地员工。

Posted by shearer202 > 2021-05-28 18:15 | Report Abuse

This is all because glove frenzy is a temporary phenomena only , its crazy results will not sustainable too long ! All u can do is cut loss right now n move to other counters to cover loss before the boat sink !

Posted by Start_0f_the_bull > 2021-05-28 19:14 | Report Abuse

lWith vaccination progressing investors afraid gloves makers profit may drop back to pre pandemic level. That is why gloves stocks cannot move up now.

Posted by AzerothJr > 2021-05-28 19:17 | Report Abuse

If based on your reasoning, at the start of vaccination program only gloves dying already, what happens when vaccinations goes full swing and finally when vaccinations is completed gloves drop dead?

Posted by skcm2017 > 2021-05-28 19:31 | Report Abuse

suddenly this site is fascinating...debating between sellers and buyers. Last week was a quiet place!!..hahaha. Good luck, while i am accumulating

Posted by BuffetOnWeed > 2021-05-28 20:09 | Report Abuse

There are smart people here buying glove stock as a hedge, incase pendemic suddenly take a turn

Posted by Bgt 9963 > 2021-05-28 20:21 |

Post removed.Why?

Posted by thestockhunter > 2021-05-28 20:39 | Report Abuse

only one sector they wont close hehe you guys sendiri fikir what essential they need :)

Posted by Start_0f_the_bull > 2021-05-28 20:39 | Report Abuse

Gloves won't drop dead even pandemic is over. More hygiene awareness (as mentioned by gloves makers), increase in world population and possible breakout of another pandemic (who knows and hopefully not) gloves are still needed. Otherwise why are gloves makers expand their gloves production? They are entrepreneurs, aren't they?

Posted by Start_0f_the_bull > 2021-05-28 20:46 | Report Abuse

https://m.malaysiakini.com/news/576576

Recovery stocks total loss of profits for at least 2 weeks.

Posted by gohkimhock > 2021-05-28 20:48 | Report Abuse

@thestockhunter computers? mobile phones? Everybody work from home ma..

Posted by SejukSam > 2021-05-28 20:52 | Report Abuse

Lockdown coming for 2 weeks.

This I believe is karma and retribution for those who press and manipulate the poor glove companies stock prices since last year. These are the terrible investment banks and their lackeys who spew curses and agitate the poor investors in glove companies everyday in this forum.

good riddance to them and may the poor faithful glove investors who invested or stuck at glove stocks reap a bountiful harvest this time.

bless u all

Posted by keown83 > 2021-05-28 21:20 | Report Abuse

at last...................the moment everyone is waiting for

i told u...we need a total lockdown to re-excite glove sector..half-baked MCO won't help

Posted by BuffetOnWeed > 2021-05-28 21:23 | Report Abuse

Where is that Brian guy talk about karma everytime. So quiet today oooh. Next week tears on the keyboard

Posted by ooi8888 > 2021-05-28 21:30 | Report Abuse

BuffetOnWeed : Where is that Brian guy talk about karma everytime. So quiet today oooh. Next week tears on the keyboard
-------------------------------------------------------
He went to genting show hand, sailang and watch tiger show, kena sack by his boss already.

Posted by skcm2017 > 2021-05-28 21:48 | Report Abuse

THANK GURUsssss! Trust you as what is suppose to be!!

FOR IMMEDIATE RELEASE
RUBBEREX POSTS HISTORICAL HIGH NET PROFIT FOR FIRST QUARTER ENDED
MARCH 31ST, 2021

In its quarterly financial results announced today, RUBBEREX CORPORATION (M) BERHAD and
its subsidiary companies (“Rubberex” or “the Group”) delivered its best ever performance to date, with
a net profit of RM86.6 million, backed by revenue of RM175.2 million recorded in the first three months
of its new financial year.
While sales increased by 164% from RM66.4 million in the same period a year ago, profits after tax
surged by more than nine times or 831%, from RM9.3 million in the corresponding quarter of the
previous year. The reported profit of RM86.6 million included a gain of RM5.9 million from the
dissolution of a subsidiary company in Hong Kong and barring this, the operational net profit of RM80.7
million represented an outstanding improvement of 768% from a year ago. Earnings per share in the
first quarter was 10.44 sen, a massive 756% increase year-on-year from 1.22 sen comparatively.

Posted by thestockhunter > 2021-05-28 21:50 | Report Abuse

@gohkimhock ya computer semiconductor also but you need to be aware that semiconductor is one time buy only people dont buy laptop phones etc everyday but telecommunications sector mayb can LU , people stay at home since mco 1.0 should have atleast one laptop already even the b40 most already able to buy atleast one laptop per household :) just my opinion but glove everyday need to change one, every hour need to have new one, glove is not like mask anyone can make one can make at home you need to have license :)

Posted by thestockhunter > 2021-05-28 21:51 | Report Abuse

and if you think pmco would be for only 2 weeks you’re insane :(

Posted by robertzz > 2021-05-28 21:52 | Report Abuse

karma it him hard at scib and kpower.. no time to bark here

Posted by keown83 > 2021-05-28 21:53 | Report Abuse

all glove counters that posted huge leap in profit will reclaim they place in stock price

genting close down
nationwide lockdown
many non-essential business close down

huge money is in the market roaming freely..where will u expect the money will go?

Posted by Hotstuff > 2021-05-28 21:53 | Report Abuse

covid case in US Europe already slow down. the demand for glove is not like the first mco so do not expect any LU

Posted by gohkimhock > 2021-05-28 21:54 | Report Abuse

I don't see anybody wearing gloves wor, not even the 1st mco until now, minus those dishwashers..

Did you wear?

Posted by ooi8888 > 2021-05-28 21:56 | Report Abuse

aiyoo ah hock, you go to hospitals can see loh.