Posted by Lukesharewalker > 2021-06-22 09:49 | Report Abuse

Time to buy

Posted by faralenz77 > 2021-06-22 09:52 | Report Abuse

So many retailers Ilan bilis trapped here, how to move up?

Posted by Dannyfyl88 > 2021-06-22 09:57 | Report Abuse

Brusa... Agreed. Comfort is the best 2nd tier gloves now. Great earnings, good management, gives dividend and free warrant. WTF man...want to issue more shares to expand. Moving all to Comfort.

Posted by Lukesharewalker > 2021-06-22 10:12 | Report Abuse

They have to prop up the price for private placement

Posted by BrusaCasino > 2021-06-22 10:22 | Report Abuse

Why_ I agree with you

Posted by BrusaCasino > 2021-06-22 10:25 | Report Abuse

To be honest. PP is a double edge sword. Can be good can be bad. If the PP is bought by good fund, e.g. EPF, Kumpulan Wang. Then I will support.

I seen recently Careplus now Rubberex both 10% PP. It could be a coincidence. Either that or its really a EPF wanting to get into lower cap glove stock. Because recently EPF on a buying frenzy, buying topglove and kossan like there is no tomorrow.

Posted by BrusaCasino > 2021-06-22 10:27 | Report Abuse

That is my speculation. What is not speculation is Comfort gloves having the Lowest PE, giving dividend and free warrents. Their cash balance also increase alot, so has their net assets

Posted by John1234 > 2021-06-22 10:29 | Report Abuse

As I see it, it is no more a tug of war between the mkt operator and the smaller investors if the share price drops below RM1. Major shareholder Ong Choo Meng has more reason to act to support his share price if he still wants to instil confidence for the private placement shares and have a good offer price.

Posted by BrusaCasino > 2021-06-22 10:30 | Report Abuse

U guys should read the QR for comfort. It's really some smart hard working people behind. They also talk about how their production line is special and can easily change type of glove when need to produce based on demand.

Posted by BrusaCasino > 2021-06-22 10:31 | Report Abuse

As for rubber ex. One could also question their Net profit margin of almost 50%

Posted by BrusaCasino > 2021-06-22 10:32 | Report Abuse

Either their gloves are Gucci brand or something fishy

Posted by bone > 2021-06-22 10:58 | Report Abuse

for a cash rich company and yet do a PP, i only can think of some interested party want a piece of the meat from ruberex fundamentals.

Posted by dimmubroker > 2021-06-22 11:00 | Report Abuse

Still cant buy now. Looking after this afternoon

Posted by BrusaCasino > 2021-06-22 11:04 | Report Abuse

Bone, yes that can be the case. But also note that it's a 10% dilution on eveything, EPS, NAPS, etc

Posted by BrusaCasino > 2021-06-22 11:05 | Report Abuse

A good party acquiring the shares would offset the dilution effect. If it's not then it's going to be devalue of a stock.

Posted by bone > 2021-06-22 11:13 | Report Abuse

10% dilution for a company that have fundamental. Not sure why people tend to fear monger on small issues. Should be more worried when company do PP for cash flow issue like Air Asia with 20% dilution. Even then, AA share price went up after PP.

Posted by Lukesharewalker > 2021-06-22 11:14 | Report Abuse

Let the operator pull it down...here we go

Posted by Lukesharewalker > 2021-06-22 11:21 | Report Abuse

This counter is manipulated by pdts. Let them crash the stock. They sold down this morning pushing it lower to collect back

Posted by Lukesharewalker > 2021-06-22 11:31 | Report Abuse

How oversold it wants to go?

Posted by Lukesharewalker > 2021-06-22 11:36 | Report Abuse

If it cant crash it today, they might try again tomorrow. Sharp plunge to create panic sales

Posted by Lukesharewalker > 2021-06-22 11:38 | Report Abuse

Trading opportunities

Posted by bone > 2021-06-22 11:45 | Report Abuse

retailers who are just gamblers are reacting and dumping their shares based on twisted logic..

Posted by Lukesharewalker > 2021-06-22 11:53 | Report Abuse

I think the finale for the down trend is upon us. The insiders knows of the PP and sold down aggressively until the news is out. Now they are buying back at lower prices. This counter is controlled by insiders that's why it's not so easy

Posted by Valgrovest > 2021-06-22 11:57 | Report Abuse

Regardless of fundamental, almost all counters that do PP will shoot up upon completion of PP. Time to accumulate when price is low.

Posted by Citadel9999 > 2021-06-22 12:00 | Report Abuse

break 1.00 soon drop below 0.9

Posted by Lukesharewalker > 2021-06-22 12:04 | Report Abuse

For the benefit of the PP recipient buy low sell high. Likely friendly party

Posted by Sneakpeek > 2021-06-22 12:51 | Report Abuse

High profit no dividend the PP...all this start looking like a scheme to me..i have a feeling someone will try to offer MGO at a vwry discounted price soon.

Posted by skcm2017 > 2021-06-22 13:14 | Report Abuse

yea.. invested today again.

Posted by Lukesharewalker > 2021-06-22 13:15 | Report Abuse

The left hand to right hand is incredible. Volume amount change with out transactions

Posted by bone > 2021-06-22 14:12 | Report Abuse

honestly, do people really hold for dividend? most are just gamblers want to get capital gain and run

Posted by Lukesharewalker > 2021-06-22 14:46 | Report Abuse

What dividends?

Posted by Lukesharewalker > 2021-06-22 15:01 | Report Abuse

initiated PP still expects dividends?

Posted by Lukesharewalker > 2021-06-22 15:02 | Report Abuse

Entered at 98.5

Posted by Sneakpeek > 2021-06-22 15:18 | Report Abuse

Hahah..go go ruberex 80c coming

Posted by Lukesharewalker > 2021-06-22 15:19 | Report Abuse

Lower and lower they push if retailers don't sell to then

Posted by New2020 > 2021-06-22 15:22 | Report Abuse

So at what price we should buy for this stock?

Posted by Lukesharewalker > 2021-06-22 15:24 | Report Abuse

Me think 98 to 98.5 is a good opportunity

Posted by Pandu1 > 2021-06-22 15:27 |

Post removed.Why?

Posted by Pandu1 > 2021-06-22 15:28 | Report Abuse

Buy low n sell high lo. Y so Bolo?

Posted by Pandu1 > 2021-06-22 15:30 | Report Abuse

Some cos gave tons of divc also went down. Thats useless in this crazy world. When sharks dump it all will down lo. When they buy all will go up lo. This has bn happening a long time ago, far far away in d glaxy lo.

Posted by Pandu1 > 2021-06-22 15:31 | Report Abuse

Follow the technical indicators lo.

Posted by Pandu1 > 2021-06-22 15:31 | Report Abuse

Happy investing!

Posted by Lukesharewalker > 2021-06-22 17:01 | Report Abuse

Tomorrow might be a knee jerk reaction to sell below 98. Time to buy for rebound

Posted by BrusaCasino > 2021-06-22 18:49 | Report Abuse

Rubberex no longer favourable.

Posted by Plantermen > 2021-06-22 18:53 | Report Abuse

Gloves manufacturer facing margin presurre from China producers

Posted by Jonathan Keung > 2021-06-22 19:14 | Report Abuse

Private placement offering 83.23 million shares

Posted by BrusaCasino > 2021-06-22 19:44 | Report Abuse

Plantermen. That's not true yet. Go check back, china is buying from Malaysia because they themself not enough gloves. U think they can afford to sell outside ?

Posted by Citadel9999 > 2021-06-22 19:44 | Report Abuse

today is the start of a downtrend

Posted by BrusaCasino > 2021-06-22 19:45 | Report Abuse

China also known for making low quality gloves. No one wants to buy china gloves as number one option. Also US trade war with China and also China controversial with covid Wuhan lab. Think properly

Posted by keown83 > 2021-06-22 19:55 | Report Abuse

@BrusaCasino averagely developing countries for sure will choose cheap chinese gloves while developed countries will choose a better brand..when i said a better brand, it will most probably from Top Glove, Harta, Kossan, Sri Trang (Thailand), Ansel (JV with Careplus), & Riverstone (Singapore)..the big question right is, will developed countries see Rubberex as a good quality brand or did they see Rubberex as just another cheap option glove supply on the same level of China product?

last time i see top known glove producer in the world from malaysia is Top Glove, Harta, Kossan & Supermax..rubberex is not in the list