Posted by John1234 > 2021-06-28 10:39 | Report Abuse

Mkt is full of cheap bargains these days. Be it steel, technology, glove or otherwise. Bargain-hunters can afford to take time to pick and choose what to buy for the next mkt upswing.

Posted by ahbah > 2021-06-28 10:41 | Report Abuse

Mani players now become tikus players !

Posted by ahbah > 2021-06-28 10:43 | Report Abuse

Be gridi when others are fearful. That is how we can make big moni !

Posted by Stockisnotfun > 2021-06-28 10:49 | Report Abuse

wow rubberex dropped to 52 week lowest. Flush out almost everyone already

Posted by neutralist > 2021-06-28 11:07 | Report Abuse

52 weeks low then to what low next. 104w low? l

Posted by carmentham > 2021-06-28 11:19 | Report Abuse

next support 0.66sen

Posted by ahbah > 2021-06-28 11:22 | Report Abuse

Mkt rebound on the way.

Posted by zanbini > 2021-06-28 11:33 |

Post removed.Why?

Posted by John1234 > 2021-06-28 12:16 | Report Abuse

Wow, this is yet another tell-tale sign that mkt is so bad and the promoter has come here to promote the already over-priced MR DIY counter!

Posted by Plantermen > 2021-06-28 14:04 | Report Abuse

Today market sentiment. Most counters lower. Extension of phase 1 { MCO 3.0} worrying with no end date

Posted by Bullrunrun > 2021-06-28 18:48 | Report Abuse

Recovery Plan Phase 1 Buy glove counters

Phase 2 buy more glove counters

Phase 3 & 4 Enjoy the ride

Posted by neutralist > 2021-06-28 22:43 | Report Abuse

soon will reach 60c. Wait it go below NA per share i buy loh lol

Posted by John1234 > 2021-06-29 13:06 | Report Abuse

This morning, some funds rotated into the top 4 glove counters to prop up the badly-beaten glove sector as well as the KLCI index. 2nd-tier glove counters got a boost too. Rubberex is 90 sen at this morning closing.

Mkt usually loves to reward participants(eg TheContrarian) for bold actions taken during an abnormally depressed mkt condition.

Posted by stattegist > 2021-06-29 14:36 | Report Abuse

good show

Posted by TheContrarian > 2021-06-29 14:37 | Report Abuse

Go, go, go Rubberex.

Posted by BrusaCasino > 2021-06-29 14:53 | Report Abuse

Damage already been done

Posted by Lukesharewalker > 2021-06-29 15:37 | Report Abuse

Cases up due to variant D. Another round coming....

Posted by Pandu1 > 2021-06-29 16:23 | Report Abuse

All gloves counters naik wo. How low it can go. No low lo.

Posted by Pandu1 > 2021-06-29 16:28 | Report Abuse

With delta virus covid cases will increase back. Mny countries need gloves.

Posted by Pandu1 > 2021-06-29 16:29 | Report Abuse

I bought at 1.23. no panic selling. Im confident of RRex. Like trex.

Posted by Pandu1 > 2021-06-29 16:30 | Report Abuse

Ill sell at reasonable price above 1.23.

Posted by Pandu1 > 2021-06-29 16:32 | Report Abuse

85sen was 1 yr low price. Highest was nearly 3 This the most bottom it will go. Bye bye 85. Up up n away. Ill clear at 2.

Posted by Pandu1 > 2021-06-29 16:49 | Report Abuse

neutralist. Dont dream lo.

Posted by Pandu1 > 2021-06-29 16:49 | Report Abuse

Loket sula naik balik wo.

Posted by Pandu1 > 2021-06-29 16:50 | Report Abuse

Lu pnlai wo

Posted by ket4212 > 2021-06-29 17:41 | Report Abuse

good rebound

Posted by Bullrunrun > 2021-06-29 17:54 | Report Abuse

Tomorrow limit up

Posted by TheContrarian > 2021-06-29 18:08 | Report Abuse

Nice closing.

Posted by skcm2017 > 2021-06-29 21:24 | Report Abuse

Bought it today, but will buy it again tomorrow (not enough funds today..sigh!), waiting for oversea fund share transfer

Posted by MrsLee > 2021-06-29 22:15 | Report Abuse

Nice

Posted by amerul94 > 2021-06-29 22:17 | Report Abuse

good timing now

Posted by Bgt 9963 > 2021-06-30 08:43 |

Post removed.Why?

Posted by neutralist > 2021-06-30 11:33 | Report Abuse

Pandu1 hahaha. i am dreaming. a man can only dream. today seems like getting nearer to my dream

Posted by Lukesharewalker > 2021-06-30 16:29 | Report Abuse

Primarily gloves sector still performing 90percent of other sectors hit by impact of MCO.
Market should recognise this soon

Posted by VTrade > 2021-06-30 23:52 | Report Abuse

What happen?

Posted by linheng > 2021-07-01 08:50 | Report Abuse

Main board Glove counter trading at below $1. This is because of Proposed PP at $0.945. So should be safe if buy below $0.90. Hopefully they cancel the proposed PP

Posted by BrusaCasino > 2021-07-01 11:49 | Report Abuse

Sometimes I question the amount of earnings this company has VS the capacity.

Posted by BrusaCasino > 2021-07-01 12:01 | Report Abuse

Here is my research on current tier 2 glove stocks capacity.

Glove capacity
Careplus 5.18b
https://www.theedgemarkets.com/article/careplus-still-ramping-meet-higher-glove-demand

Comfort 6.8b
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.mida.gov.my/mida-news/comfort-gloves-to-ramp-up-production-to-25-2-bil-pieces-a-year/%23:~:text%3D%25E2%2580%259CUpon%2520completion%2520of%2520the%2520two,Report%25202021%2520released%2520here%252C%2520today.&ved=2ahUKEwiFtvrS_MDxAhUhyjgGHUhiAQQQFjABegQIBBAF&usg=AOvVaw2ELExwxR3W3p2fm6RA-Hnr

Rubber ex 2.5b
https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3171646

Posted by BrusaCasino > 2021-07-01 12:03 | Report Abuse

So u think and seem based on capacity alone, comfort is almost 3x rubberex capacity. But rubberex market cap is not 3 times lower.

Posted by BrusaCasino > 2021-07-01 12:04 | Report Abuse

Rubber ex will have to play catch-up

Posted by John1234 > 2021-07-01 18:54 | Report Abuse

Major shareholder Ong Choo Meng hopes to expand gloves production capacity aggressively to make up for a drop of revenue from a falling ASP. Given current mkt conditions, he resorted to an easier option, a private placement, to raise the required funding, instead of via a right issue(which may not be welcome by the mkt either).

Is his expansion plan a good move? Mkt has voted unfavourably on its share price. By benchmarking Rubberex share price against its closest peer Careplus's(which never closed below RM 1.60 in recent weeks), 80 sen seems a good support for Rubberex for now, pending further developments.

Let's see......

Posted by BrusaCasino > 2021-07-01 20:02 | Report Abuse

2.5b current capacity says it all. Plus the PP. Disgusting

Posted by Perakian > 2021-07-02 11:00 | Report Abuse

Disgusting comments by poor loser?

Posted by Perakian > 2021-07-02 11:00 | Report Abuse

Ipoh or Perak based rubber gloves none i3 members aware?

Posted by Perakian > 2021-07-02 11:03 | Report Abuse

How to cover Selangor/Klang Valley EMCO rubber gloves shortage if not order more gloves from other states? ASP can up?

Posted by Lukesharewalker > 2021-07-02 11:44 | Report Abuse

Confident that gloves would continually be in demand in the future for this endemic

Posted by Jeffreyteck > 2021-07-02 15:05 | Report Abuse

A segment of employers accused of human trafficking crimes were instead probed and charged under Malaysian immigration or labour laws, according to the US State Department Trafficking (TIP) in Persons 2021 report.

Malaysia was downgraded to Tier 3 - the lowest status which carries potential restrictions to US aid - after three years of being on the Tier 2 watchlist.

Believe gov will give the correct views as US is likely wrong, as we are on our way to a high income nation.

Posted by Will76 > 2021-07-02 15:24 | Report Abuse

From the Edge today

Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.

"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.

Posted by skcm2017 > 2021-07-02 15:52 | Report Abuse

:) "Based on our channel checks, 2021 capacity will be fully sold. We project a shortage of 27.5 billion gloves while MARGMA (Malaysian Rubber Glove Manufacturers Association) has projected a shortage of 80 billion gloves in 2021.

"We expect future demand for gloves to continue growing by 9% over the next three years on the back of: i) rising hygiene awareness, ii) increasing incidence of chronic communicable diseases, iii) ageing population, iv) wider applications across industries and v) growing usage of gloves,” he said.

Posted by neutralist > 2021-07-02 17:00 | Report Abuse

getting closer and closer to my dream. soon hit its nta then i shoot buy a bit and wait for hopefully ong choo meng to offer take company private hopefully kekekeke