Posted by neutralist > 2021-07-19 09:34 | Report Abuse

hahaha. hlt also about same price and overtaking rubberex soon? lol

Posted by Plantermen > 2021-07-19 10:21 | Report Abuse

Every dogs have its day. Rotation play coming

Posted by John1234 > 2021-07-19 19:33 | Report Abuse

With the private placement issue price fixed at 80 sen per share, market is keenly watching for 2 things:
1. Who would be the purchaser of these placement shares?
2. When will the major shareholder Ong Choo Meng start to "deal" in his shares, given his intention to do it?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176150
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176037

Posted by neutralist > 2021-07-19 20:10 | Report Abuse

hahaha. when? he won’t deal la. the intention to deal is to buy that PP la what else

Posted by John1234 > 2021-07-19 21:15 | Report Abuse

Ong Choo Meng is no fool. He knows jolly well that the fund raised from the placement shares will help to fund his expansion plan. So, by hook or by crook, he has to prop up the share price way above 80 sen to make the placement shares exercise a success.

By the sheer number of shares he actually owns(37.241%), every 1 sen drop in the share price means a lot more to him than any of us.

Posted by SDR245 > 2021-07-19 21:16 | Report Abuse

Dow down delta variant concern

Posted by Bgt 9963 > 2021-07-20 08:45 |

Post removed.Why?

Posted by ket4212 > 2021-07-20 08:49 | Report Abuse

大家早上好！

Posted by kasrim > 2021-07-21 10:08 | Report Abuse

glove comeback on radar

Posted by Lukesharewalker > 2021-07-21 10:35 | Report Abuse

Big eats now. Shark hungry.....

Posted by Lukesharewalker > 2021-07-21 12:16 | Report Abuse

Uptrend now. Mr market acknowledging the profits

Posted by imvu > 2021-07-21 12:47 | Report Abuse

jutawan rubberex

Posted by RCZ2020 > 2021-07-21 12:51 | Report Abuse

QR is coming? Going to be any good news?

Posted by neutralist > 2021-07-21 14:07 | Report Abuse

lol. no. simply follow other gloves. how far only can go this round. 1.3? 1.4? then ocm throw again? buy 80 cents throw 1.40 almost double. smart. this time dunno which point he wants to throw kakaka.

Posted by mf > 2021-07-21 14:12 | Report Abuse

Singapore
182 new local COVID-19 cases in Singapore; Haig Road and Chong Pang markets closed after 35 infections detected

Posted by John1234 > 2021-07-21 14:25 | Report Abuse

I won't be surprised if some punters or naysayers have started chasing quietly behind us this morning at the spur of the mkt operator. Of course, some can still be hesitant on "crying wolf" worries - already 3 times in a row.

Like it or not, Ong Choo Meng is the happiest person today. His wealth on this counter alone increases by 8.4% or RM 23.4m this morning.

Posted by Lukesharewalker > 2021-07-21 14:41 | Report Abuse

QR next month

Posted by Pandu1 > 2021-07-21 15:14 |

Post removed.Why?

Posted by Sales > 2021-07-21 15:17 | Report Abuse

Pandu1, because they don't card about their family. If they kena too bad, but bring home to their family. Very sad case.

Posted by Sales > 2021-07-21 15:20 | Report Abuse

Neutralist, I think Ruberex is better than HLT, because they give dividend and bonus. They share price are more value.

Posted by budakbaik > 2021-07-21 15:24 | Report Abuse

https://www.cnbc.com/2021/07/21/tokyo-olympics-who-director-general-addresses-ioc.html

new wave is coming...
who never enjoy last year glove phenomenon, hopefully this time you not miss the boat. good luck ...

Posted by Valgrovest > 2021-07-21 15:29 | Report Abuse

Rubber glove stocks back in play again..!

Posted by RCZ2020 > 2021-07-21 16:11 | Report Abuse

Don't know what fake rebound?

Posted by RCZ2020 > 2021-07-21 18:08 | Report Abuse

Cannot cross 1.00. What a waste

Posted by neutralist > 2021-07-21 18:42 | Report Abuse

Luke QR wait also for what. wont be better then last QR. already peaked. capacity max already last QR. i think at most is 53 m like that. eps of 5.8 only after that 10% dilution.

Posted by neutralist > 2021-07-21 18:46 | Report Abuse

Sales yes correct. but there are two things to be confirmed. see next qr got divvy or not. looks like they stopped giving last few qr. then bonus recently only give. wait 3-5 years la aha. only if they are successful then.

Posted by skcm2017 > 2021-07-21 19:51 | Report Abuse

So many analysts are in the streets, predicting futures.. but no one knows what is next.

Good lucks to long/mid-term investors while shorties don't worry. It's up and down.. covers while you can..hahaha

Posted by RCZ2020 > 2021-07-21 19:51 | Report Abuse

Hope got bonus issue in the QR. Than only this stock will revive

Posted by John1234 > 2021-07-21 22:46 | Report Abuse

Some of you may not be aware that Rubberex's major shareholder Datuk Eddie Ong Choo Meng is also the executive director of Hextar Global Bhd. His company is currently engaged with a consortium bidding for the Malaysia's five digital banking licences.

"With a platform of eight listed entities within the larger Hextar group of companies which are involved in a wide range of industries such as agriculture (agrochemicals and fertilisers), healthcare (rubber gloves), telecommunications (fibre optic cables), renewable energy (solar), logistics and consumer products, we are able to provide access to layers of thriving ecosystems which could be tapped by the bank. Hence, our excitement at being part of this collaboration,” he said.

Let's see if Rubberex has any chance to benefit from any synergistic collaboration.
https://www.theedgemarkets.com/article/hextar-joins-consortium-establish-digital-bank

Posted by neutralist > 2021-07-22 01:11 | Report Abuse

hahaha. what synergy? if there is any benefit at all it will only benefit hextar. nothing about digital banking can be linked to rubberex. it will only makes it easier for them to raise debt via its own digital banking platform, or allowed payment via digital banking which all fees shall goes to hextar because the pie and consortium is joined by hextar lol.

Posted by imvu > 2021-07-22 01:35 | Report Abuse

hujung bulan jutawan .

Posted by skcm2017 > 2021-07-22 08:38 | Report Abuse

tp synergy jutawan

Posted by Lukesharewalker > 2021-07-22 08:52 | Report Abuse

If QR maintains at eps 5 cents annualized is 20 cents. Normalized earnings at pe 7 to 8 that's 1.40 ......

Posted by Lukesharewalker > 2021-07-22 08:53 | Report Abuse

Watch it jump today

Posted by John1234 > 2021-07-22 09:07 | Report Abuse

Like anyone, I have the same thinking too. At the same time, I do not prejudge:
1. Well, it is still early days of this race for a digital banking licence. Nothing substantive until early 2022 probably.
2. Rubberex is still currently fully committed to gloves manufacturing and distribution. Any other form of collaboration is outside its primary focus.

Who knows? Major shareholder Ong Choo Meng may come up with something out of the box for Rubberex in time to come.
-----------------------------------------------------------------------------------------------------------------------------------
neutralist hahaha. what synergy? if there is any benefit at all it will only benefit hextar. nothing about digital banking can be linked to rubberex. it will only makes it easier for them to raise debt via its own digital banking platform, or allowed payment via digital banking which all fees shall goes to hextar because the pie and consortium is joined by hextar lol.

Posted by Sales > 2021-07-22 14:23 | Report Abuse

Ong Choo Meng is a true businessman. Don't worry, is not a goreng stock, not like penny stock.

Posted by neutralist > 2021-07-23 00:26 | Report Abuse

Luke wishful thinking. EPS 5 for next QR. ASP drops around 20% qoq. next 1y normalised maybe around 14 cents eps only. pe 7@8 is only 1.12. then after that assuming new capacity is online should be eps yearly around 15c roughly. pe 7@8 give u around 1.2. unless market willing to give pe10 to then then not much upside at current price. if go near 80c again can buy leyh

Posted by Bgt 9963 > 2021-07-23 08:58 |

Post removed.Why?

Posted by Jonathan Keung > 2021-07-23 11:18 | Report Abuse

Tend to follow the big 4 { TG, Super, Harta , Kossan } for leads

Posted by Lukesharewalker > 2021-07-23 12:15 | Report Abuse

If it normalize to eps 14 then pe 10 is rightly accorded, will ASP drop that much with variants upsurge?

Posted by JK22 > 2021-07-23 17:20 | Report Abuse

trend or not trend . DIV bila mau kasi ?

Posted by neutralist > 2021-07-23 19:18 | Report Abuse

luke i dont think surges of variants will have any impacts on asp. now compare to previous before covid time, supply has increased. so asp will just normalize. fast or slow only. i calculated with pre covid asp+20% anyway. fair to say fv is around 1.5-1.6 based on my calculation if you give it a pe10. still if no div given i believe many will run. what is worst when director dump shares on you and give no dividend. i would sit out till there is clarity on div. if i lose out then i lose out. dun really mind.

Posted by skcm2017 > 2021-07-23 20:43 | Report Abuse

On the way to 1.00.. Just bought it again !!! Lets goo

Posted by John1234 > 2021-07-24 09:08 | Report Abuse

Another reality check:

Closing prices as at 23/7/21:
Rubberex - RM 0.96 or 1.92(original pre-bonus issue price)
Comfort - RM 2.09
Careplus - RM 2.18

Tide has changed immensely in favour of Careplus, which has outperformed the rest since my last posting.

What has happened during the review period?
1. Careplus has completed its private placement exercise;
2. Comfort has listed its free convertible warrants;
3. Rubberex has set its private placement price at 80 sen and is looking to place out its shares.

Now, Rubberex is the cheapest in terms of its share price. Even so, it is hardly trading at below 90 sen, way above its private placement price.

----------------------------------------------------------------------------------
John1234 Jun 21, 2021 10:18 AM

If you check back my previous posting on 6 May 21, I had mentioned that Rubberex, Comfort and Careplus were like 3 musketeers, trading at about the same prices:

Rubberex - RM 1.13 or 2.26(original pre-bonus issue price)
Comfort - RM 2.24
Careplus - RM 2.23

Look at the prices now:
Rubberex - RM 1.02 or 2.04(original pre-bonus price)
Comfort - RM 2.08
Careplus - RM 1.74

So, we can see that Careplus has dropped the most during the corresponding period. Rubberex lags slightly behind Comfort currently.

Without doing homework, we cannot make a meaningful comparison.

Posted by skcm2017 > 2021-07-24 09:59 | Report Abuse

John1234 - a prediction with the fact. .. a better than someone who was stated: "I don't think..." ..

Posted by ket4212 > 2021-07-24 14:25 | Report Abuse

ruberex have dividend？

Posted by John1234 > 2021-07-24 16:22 | Report Abuse

Rubberex has stopped declaring half-yearly dividend payments after financial year ended 31 Dec 2019. The following announcement was the last dividend payment:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3007980

I do not have the reason why. I suspect it could be due to the dire need to preserve cash for its capacity expansion. Once the management has carried out the capacity expansion as planned, we would expect management to resume dividend payments.

Posted by ket4212 > 2021-07-24 19:15 | Report Abuse

thanks john1234

Posted by neutralist > 2021-07-24 21:32 | Report Abuse

John1234 thanks. always appreciate your input and sharing. and of course, better facts than me that always think and do some calculation based on available report which is research in nature. you are give facts. and definately not come out with a statement that it is moving up just because you bought again.

Posted by gemfinder > 2021-07-24 23:51 | Report Abuse

https://codeblue.galencentre.org/2021/07/15/dg-vaccination-may-cut-covid-19-cases-to-below-1000-by-october/