Posted by John1234 > 2021-08-24 14:31 | Report Abuse

My advice for you:
If you really want to invest your money, go for blue chips instead. Less price manipulation.
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smyang11 Buy tech better la. At least banker’s favorite. Glove banker never go in at all. So stagnant. Haaha

Posted by neutralist > 2021-08-24 15:33 | Report Abuse

haha. see told already the director will never support minority shareholder one. haha. now is about same price as hlt and market cap only 30% more than hlt haha. now is about the price i am willing to take my first entry finally

Posted by John1234 > 2021-08-24 16:17 | Report Abuse

Neutralist, I did point out earlier why the major shareholder is not in a hurry to buy up his own shares(see details below).

I like your style, very gentlemanly and patient in your approach. We get your vote of confidence for this counter finally.
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John1234 Aug 12, 2021 8:43 AM

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 Bgt 9963 > 2021-08-24 16:39 |

Post removed.Why?

Posted by Jonathan Keung > 2021-08-24 17:24 | Report Abuse

Technically he accumulate his shares at below 1.80 { before the share split 2 :1 } which translate his holding cost at anything betw 50 - 60 sen. No wonder he keep on selling and disposing

Posted by John1234 > 2021-08-24 18:05 | Report Abuse

Jonathan, I want to correct your misconception:
Based on Bursa filings, major shareholder Ong Choo Meng only sold his own shares in Apr this year at prices above RM 1.4. Since then, there has been nil announcement of his further selling or buying.

The Rubberex operator is the one that trades(buys and sells) the shares on a daily basis.
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Jonathan Keung Technically he accumulate his shares at below 1.80 { before the share split 2 :1 } which translate his holding cost at anything betw 50 - 60 sen. No wonder he keep on selling and disposing
24/08/2021 5:24 PM

Posted by smyang11 > 2021-08-24 19:07 | Report Abuse

No need talk so much. At the end, Ruberex is a shit counter. If drop, drop a lot. If up. It will stay stagnant.

Shareholders all selling. They don’t give dividend, what also don’t give.

Posted by John1234 > 2021-08-24 21:02 | Report Abuse

There are so many counters at Bursa much worse than Rubberex. Why don't you go around "shitting" everywhere??? Hahahaha...

From now on, I will not waste time on a loser and his "shitty" comments!!!
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No need talk so much. At the end, Ruberex is a shit counter. If drop, drop a lot. If up. It will stay stagnant.

Shareholders all selling. They don’t give dividend, what also don’t give.

Posted by smyang11 > 2021-08-24 21:06 | Report Abuse

Hahaha John oh Johnny. No one ask u to reply me.

I’m just sharing my disappointed about Ruberex in a public forum. U can don’t reply me.

Thanks

Posted by neutralist > 2021-08-24 21:10 | Report Abuse

John1234 yes i disliked the director but every counter has a price. Thanks for sharing opinion now and then my friend. My first entry is 40% level at .785. My second entry will only be below 70 cents and last entry would only be nearing 60 cents. But only if they happen to drop to that level. last qr cash is at about 170m with almost no debt. recent PP would increase the cash level to 260m or abt 35% of market cap. That should be comfortable level of cash to complete the 7.5b extra capacity and operating at comfortable level. i believe this entry point is a fair entry.

smyang11 maybe you are right. i suggest you look at big 4 for dividend and if you want a safer option. our entry is based on observation and own risk profile. everybody has different appetite at different level.

Posted by John1234 > 2021-08-24 21:21 | Report Abuse

Neutralist, welcome onboard, we can then have more quality inputs from another perspective. This forum will provide a useful platform for us to share more info on the company...

Posted by smyang11 > 2021-08-24 21:28 | Report Abuse

Hi Neutralist, you are right. I think share price will reflect once production has been completed for the 7.5 billion output. What’s preventing share price from going up is the reduction of ASP.

Now ASP hasn’t normalized yet, hence a lot of funds are hesitating to enter. When asp will be normalized? No one knows yet.

Posted by smyang11 > 2021-08-25 10:37 | Report Abuse

No energy one this counter. Forever sleeping.

Posted by TheContrarian > 2021-08-25 11:35 | Report Abuse

Bought at 79.5 sen.

Posted by smyang11 > 2021-08-25 12:11 | Report Abuse

Serious???? Why u have faith in this counter?

Posted by smyang11 > 2021-08-25 12:19 | Report Abuse

Can get cheaper at 0.785 haha

Posted by John1234 > 2021-08-25 12:46 | Report Abuse

For those who need to know only....
In the absence of any fresh lead, the operator is most probably trading(buying + selling) in this new narrow range of 77.5 sen to 80.5 sen, pending the release of its last quarter's result.

Posted by smyang11 > 2021-08-25 13:32 | Report Abuse

Hi John, what do you think of their result?

Posted by eddy888 > 2021-08-25 13:44 | Report Abuse

Pls consider the prod volume will increase from 2.5B to 10B next year which is 300% more. Means even the ASP drop 50%, the profit still maintain or better than current quarter.

Posted by eddy888 > 2021-08-25 13:47 | Report Abuse

Continue top up at 0.785 & below. Investment is boring but need to be more patient. Focus on target price instead of daily monitoring.

Posted by eddy888 > 2021-08-25 13:58 | Report Abuse

If able to maintain 90M profit by quarter, then yearly EPS will be 40 cents. At current price, 0.785, the PE ratio will be 2. Just be patient to hold the shares if you are using extra money to invest. Don't drop to the trap of syndicate & rushing sell the share at cheaper price if you still thinking to cut loss. This is just my opinion. The money is yours, you should manage it wisely.

Posted by John1234 > 2021-08-25 14:23 | Report Abuse

Result is expected to be good for the last quarter, as it would also include a realization of an investment gain from the resale of its treasury shares last quarter by the management.

But what matters more is what the management has to say about the company's performance, its business plan and prospect(including the ASP expected).

If they have something extra(eg dividend, free renounceable warrant) to announce, that would be a bonus.
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smyang11 Hi John, what do you think of their result?

Posted by eddy888 > 2021-08-25 14:27 | Report Abuse

In fact, major shareholder Hextar/Ong Choo Meng sold 110m shares in Apr this year at prices above RM 1.4 during hot market period. Which is 14% of total hold shares. Share holding from 51% drop to 37%. As what I can said, Ong Choo Meng is smart to play in share market by buy/sell the share in order to control the Ruberex with lowest buying price. Now, he continue using the same tactic to push down the share price & accumulate when price continue drop to his target price. He will said thank you to retailers who help to push down the share price by frequently buy in the share & cut loss at lowest price.

Posted by smyang11 > 2021-08-25 14:35 | Report Abuse

Hahaha really ah? Just hope rubberex asp is will maintained, not like careplus

Posted by eddy888 > 2021-08-25 14:37 | Report Abuse

If you think the price will drop further, don't buy now. Pls setup the target price 0.7, 0,6 or 0.5 to buy in. Once bought, don't sell until hitting your target selling price. keep for at least one year. If you think Ruberex will bankrupt within one year. then don't buy & keep away from this company.

Posted by st0ne84 > 2021-08-25 17:12 | Report Abuse

someone keep throw at 0.785? Wait alot queue at 0.785 then one shoot throw out....

Posted by smyang11 > 2021-08-25 17:46 | Report Abuse

Queue at 0.780 but cannot get.

Tmr I will queue at 0.75. I think should be able to get it.

Posted by Bullrunrun > 2021-08-25 20:33 | Report Abuse

QR result out soon

Heard EPS 10 cents

Posted by smyang11 > 2021-08-25 20:41 | Report Abuse

U blind ah? I think u must have come to the wrong page. Please go back to your goreng counter. U can find many 10 cents there or 5 cents

Posted by neutralist > 2021-08-25 22:05 | Report Abuse

John1234 i would expect the QR would churn around 55m-65m range. i am a bit more conservative. with increased number of share it will equates to 6-7 cents in earning per share. which is still good in my view for the company size.

And reason i am buying at .785 and ruberex at this price is because i think at current price it makes it attractive either to benefit from the expansion in capacity future profit or a very good acquisition target should bigger player or overseas player looking to acquire into the sector.

Posted by smyang11 > 2021-08-25 22:21 | Report Abuse

When is the QR?

Posted by John1234 > 2021-08-26 00:15 | Report Abuse

Neutralist, in the 1st quarter 2021 report, the company's profit was at 86.6m and EPS was 10.44 sen. Given that gloves demand was still strong in the 2nd quarter, I believe profit and EPS figures would be higher than what you have estimated conservatively.

The report will be out in a couple of days. Let the report speak for itself.

Posted by zanbini > 2021-08-26 10:21 |

Post removed.Why?

Posted by neutralist > 2021-08-26 10:30 | Report Abuse

John1234 my deduction is because we can see apart from Kossan and Harta, other glove has peaked their earning in 1Q 2021. So my deduction is using ASP similar to TG. And last Q is operating at full capacity.

Hence a more conservative prediction. i could be wrong. lets see the report in few days. i do hope they reward holders with some dividend.

Posted by Jonathan Keung > 2021-08-26 10:40 | Report Abuse

Last QR result bumper profit but management never declared any dividend ?

Posted by John1234 > 2021-08-26 11:12 | Report Abuse

Neutralist, I like your prudent and conservative approach. This will allow a safety margin for any judgmental errors. Looking at the trading vol this morning, we can tell that the operator is trading in a tight range too before the announcement.

Posted by st0ne84 > 2021-08-26 13:00 | Report Abuse

i notice yesterday got 2 big wave at 0.785, they wait enough queue at 0.785 then direct throw.... worry they will throw more.... good QR also not means share will up in malaysia =.=''' like harta when QR out is drop drop drop until recent pickup back. lol....

Posted by John1234 > 2021-08-26 13:53 | Report Abuse

This is usually "the calm before the storm". Prices can go either way, up or down more in a wider range after the result release, depending on how the market(as dictated by the big boys) interprets the result. So, on the safer side, never try to bet on any corporate result before its release.

After some retreat, the play today is on steel counters.

Posted by smyang11 > 2021-08-26 16:25 | Report Abuse

Overall, if you can hold for 5 years, welcome to invest in glove. The glove counters will take a long time to recover. As you can see from the price, it is ranging and love in a very small tick for many many months.

Posted by Plantermen > 2021-08-26 16:45 | Report Abuse

Prices tend to move marginally higher at the close or supported prior to matching time. Otherwise prices tend to drift lower without any supportive action.

Posted by John1234 > 2021-08-26 17:24 | Report Abuse

Yes, you brought up a good point, which I had highlighted before. From my analysis, I could deduce that the operator was buying(or covering) back at closing the Rubberex shares that he had sold earlier to press down prices. But he was not able to collect enough shares from our poor investors before matching time to cover the amount sold!

What a strategy that the operator has been using to "con" people into selling their shares everyday and a lot of naive-thinking investors thought there was really so much selling everyday!!! Market is not as simple as we see it.
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Plantermen Prices tend to move marginally higher at the close or supported prior to matching time. Otherwise prices tend to drift lower without any supportive action.

Posted by Bgt 9963 > 2021-08-26 17:41 |

Post removed.Why?

Posted by John1234 > 2021-08-26 18:15 | Report Abuse

Bgt 9963, you have been going around the forum wishing people good luck. Yes, thank you! We need plenty of good luck and wisdom to deal with this invisible enemy - the market operator!

Posted by Albukhary > 2021-08-26 18:26 | Report Abuse

After look at Supermax result, I am very confidence on Rubberex.

Posted by smyang11 > 2021-08-26 19:32 | Report Abuse

Hahaha u sure or not?

Posted by Bullrunrun > 2021-08-26 20:30 | Report Abuse

Tomorrow limit up, heard that QR is excellent

Posted by Keyman188 > 2021-08-26 20:41 | Report Abuse

Tiap-tiap hari masih mimpi skim cepat...

Adui...

Posted by smyang11 > 2021-08-26 22:34 | Report Abuse

Diam la u.

Posted by ket4212 > 2021-08-27 08:44 | Report Abuse

morning

Posted by Bgt 9963 > 2021-08-27 08:53 |

Post removed.Why?