Posted by Jonathan Keung > 2021-08-07 12:08 | Report Abuse

Come 4.40pm price tend to close marginally higher , i.e. 5 minutes before matching time

Posted by John1234 > 2021-08-07 19:45 | Report Abuse

An interesting article to read for the weekend!

Despite the glove sector’s explosive earnings amounting to multiple years consolidated in the past year alone, the share price has been falling. Interestingly, valuation contraction has been happening in spite of earnings expansion, with many analysts downgrading the target price irrespective of the results reported.
https://www.thestar.com.my/business/business-news/2021/08/07/comfort-in-consensus-or-victim-of-it

Posted by smyang11 > 2021-08-09 20:53 | Report Abuse

Regretted holding Ruberex

Posted by Bgt 9963 > 2021-08-10 08:49 |

Post removed.Why?

Posted by John1234 > 2021-08-10 11:10 | Report Abuse

"Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell."(Quote from Sir John Templeton)

I have started to see signs of frustration among some investors!
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smyang11 Regretted holding Ruberex

Posted by ket4212 > 2021-08-10 13:27 | Report Abuse

1.27buy now 0.83sen loss many

Posted by skcm2017 > 2021-08-10 21:07 | Report Abuse

Average down it. Glove stock is a big family of a few counters. while it is being manipulating by mo, take the advantages of the situation.

Posted by John1234 > 2021-08-10 21:16 | Report Abuse

HEALTH AND SCIENCE
The world is nowhere near the end of the Covid pandemic, says famed epidemiologist Larry Brilliant. Only 15% of the world’s population has gotten a Covid vaccine.
https://www.cnbc.com/2021/08/09/covid-epidemiologist-larry-brilliant-on-delta-variant-vaccinations.html

Posted by Bgt 9963 > 2021-08-11 08:46 |

Post removed.Why?

Posted by skcm2017 > 2021-08-11 09:34 | Report Abuse

Good Morning!

Posted by John1234 > 2021-08-11 13:01 | Report Abuse

This morning, our big 4 glove counters had a modestly good rebound, led by Hartalega. But, our 2nd-tier glove counters were more muted.
https://www.theedgemarkets.com/article/rubber-exports-expected-rebound-2021-doubledigit-growth-global-demand-continues

Posted by hoplanner > 2021-08-11 13:42 | Report Abuse

Can anyone enlighten me about the current share price of Rubberex? is the share price now at pre-pandemic levels (taking into consideration of 2 for 1 Bonus issues in Oct 2020?. TQ

Posted by afif95 > 2021-08-11 14:06 | Report Abuse

https://www.myrubbercouncil.com/uploadnews/press/778051650.pdf

Posted by John1234 > 2021-08-11 14:26 | Report Abuse

Rubberex's share price started to move up from around 60 sen? last year.

Now, it is 84 sen(xb, 2 for 1), which means RM 1.68(adjusted for bonus issue).
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hoplanner Can anyone enlighten me about the current share price of Rubberex? is the share price now at pre-pandemic levels (taking into consideration of 2 for 1 Bonus issues in Oct 2020?. TQ

Posted by neutralist > 2021-08-11 16:14 | Report Abuse

John1234 its 84x3. 2 every 1. 1 unit become 3.

Posted by John1234 > 2021-08-11 17:14 | Report Abuse

Yes, you are right. That means my previous assumption used for price comparison with the other 2 counters was incorrect. Nobody pointed out the mistake earlier!
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neutralist John1234 its 84x3. 2 every 1. 1 unit become 3.

Posted by Bgt 9963 > 2021-08-11 17:42 |

Post removed.Why?

Posted by hoowk77 > 2021-08-11 19:05 | Report Abuse

Profit more than 6 fold last year. This year will be more...

Posted by hoplanner > 2021-08-11 20:59 | Report Abuse

0.84 x 3 = 2.52. That means if I had bought it last yr at 2.52 (cum Bonus 2 for 1), I am now back to my original cost at 0.84 each, right?
TqVM john1234

Posted by John1234 > 2021-08-11 22:08 | Report Abuse

Hoplanner, you are right.

Posted by hoplanner > 2021-08-11 22:40 | Report Abuse

Tq also neutralist

Posted by John1234 > 2021-08-12 08:43 | Report Abuse

With yesterday's closing price of 83 sen, this is translated to a pre-bonus price of RM 2.49. This would mean that those who had bought below RM 2.49 before the bonus issue last year would still be sitting on paper gains.

Major shareholder Ong Choo Meng offered to acquire remaining Rubberex shares not owned at RM 1.80 per share last year. This would also mean that he had accumulated Rubberex shares at or below that MGO-triggered offer price and he is still sitting on paper gain. No wonder he is not in a hurry to buy up Rubberex shares now.
https://www.thestar.com.my/business/business-news/2020/07/13/hextar-ong-explain-rationale-of-rm180-offer-price-for-rubberex

Posted by hoplanner > 2021-08-12 10:03 | Report Abuse

haha.....a year on. what a roller coaster ride, an euphoric ride indeed when the price went sky high. One could have made a lot but if you hold it, you would definitely say, "if i knew, I would have sold all"

So, are there lessons to be learnt? Care to share?

Posted by TheContrarian > 2021-08-12 10:19 | Report Abuse

Bought at 83.5 sen.

Posted by st0ne84 > 2021-08-12 11:52 | Report Abuse

possible this year will have dividend?

Posted by John1234 > 2021-08-12 12:50 | Report Abuse

Lessons:
1. "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria."(Quote from Sir John Templeton)

2. In investment, we must always do our homework. When market was red hot last year, we heard so many "euphoric" comments with very high TPs from forumers, IBs and even runners of the operators. Had we simply listened to them without doing our homework, we would have been taken for a free ride to Holland!
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hoplanner haha.....a year on. what a roller coaster ride, an euphoric ride indeed when the price went sky high. One could have made a lot but if you hold it, you would definitely say, "if i knew, I would have sold all"

So, are there lessons to be learnt? Care to share?

Posted by John1234 > 2021-08-12 12:53 | Report Abuse

This has been answered earlier. Please check back my past postings.
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st0ne84 possible this year will have dividend?

Posted by afif95 > 2021-08-12 14:35 | Report Abuse

John1234 - i think this year euphoric and optimistic apply to tech?

Posted by hoowk77 > 2021-08-12 15:10 | Report Abuse

I suspect boss is selling from PP

Posted by John1234 > 2021-08-12 16:16 | Report Abuse

I think the tech sector is very selective(eg semi-conductors) and is not euphoric yet. It is currently in the mature stage only.
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afif95 John1234 - i think this year euphoric and optimistic apply to tech?

Posted by John1234 > 2021-08-12 16:18 | Report Abuse

Your suspicion seems justified as Rubberex has been weak of late. But if we look at Comfort share price as well, the latter is not doing well either and the operator seems more interested to push up the warrant price than the mother share price.

Only Careplus fares slightly better.
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hoowk77 I suspect boss is selling from PP

Posted by Bgt 9963 > 2021-08-12 16:27 |

Post removed.Why?

Posted by John1234 > 2021-08-12 21:02 | Report Abuse

Teo Tong Kooi resigns as Rubberex chairman; Chong Jee Min takes over.

Chong Jee Min, 62, is the vice president of the Klang Chinese Chamber of Commerce and Industry, among others, and holds directorships in several public-listed companies including JAKS Holdings Bhd, Parkson Holdings Bhd and Hextar Global Bhd.
https://www.theedgemarkets.com/article/teo-tong-kooi-resigns-rubberex-chairman-chong-jee-min-takes-over

Posted by smyang11 > 2021-08-12 22:29 | Report Abuse

Lousy counter

Posted by JK22 > 2021-08-12 23:01 | Report Abuse

Ok. I will hold. A lawyer on board. Thanks goodness not a politician

Posted by Albukhary > 2021-08-13 00:07 | Report Abuse

JM Chong is super famous in Klang.

Posted by John1234 > 2021-08-13 08:57 | Report Abuse

Political concerns still pose a headwind for our stock market. Stay prepared!
https://www.theedgemarkets.com/article/confidence-motion-pm-be-tabled-sept-7-%E2%80%94-saifuddin

Posted by carimakan > 2021-08-13 14:51 | Report Abuse

adoi.. junam pulak..

Posted by skcm2017 > 2021-08-14 23:06 | Report Abuse

Herd immunity 'not a possibility' with delta variant, Oxford Vaccine Group head says.....

https://thehill.com/policy/healthcare/567414-herd-immunity-not-a-possibility-with-delta-variant-oxford-vaccine-group

Posted by Jonathan Keung > 2021-08-16 09:30 | Report Abuse

Political developments weigh down market.{ choice of PM and new political realignment }

Posted by John1234 > 2021-08-16 09:52 | Report Abuse

https://www.theedgemarkets.com/article/all-eyes-pm-muhyiddins-movement-today

Posted by Sneakpeek > 2021-08-16 12:19 | Report Abuse

70c incoming..just wait and enjoy

Posted by Citadel12 > 2021-08-16 12:24 |

Post removed.Why?

Posted by Jonathan Keung > 2021-08-16 12:40 | Report Abuse

strong support holding at 80

Posted by 18revenge > 2021-08-16 13:44 | Report Abuse

Citadel12 bodo

Posted by Citadel12 > 2021-08-16 13:47 |

Post removed.Why?

Posted by 18revenge > 2021-08-16 13:50 | Report Abuse

Of course..same like u..go every glove forum..talk shit

Posted by Citadel12 > 2021-08-16 13:50 |

Post removed.Why?

Posted by 18revenge > 2021-08-16 13:50 | Report Abuse

Hey citade12..u bodo

Posted by Citadel12 > 2021-08-16 13:50 |

Post removed.Why?