Posted by John1234 > 2021-08-31 23:43 | Report Abuse

Haha, I do not need to promote my blue chips(banks, etc) counters, unlike you!!! At least, I earned decent money!!!
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Foker This John only make money in this 2 years which everyone also made money by throwing darts

Posted by Foker > 2021-09-01 00:26 | Report Abuse

Don't listen to the newbie. He lost money in Rubberex. How can you lose money when everything is going up?

Posted by Foker > 2021-09-01 00:27 | Report Abuse

His banking stocks will give him meager 4% return a year. Lololololololol

Posted by Foker > 2021-09-01 00:27 | Report Abuse

Meanwhile he not satisfied so go buy lousy cheap stocks like Rubberex and lose money

Posted by Foker > 2021-09-01 00:31 | Report Abuse

Genetec from RM 1 go to RM 30. SAM only RM 14.90 but net profit 10 times higher and got aerospace division.

Posted by Foker > 2021-09-01 00:32 | Report Abuse

Anyone can see for themselves. Anyone can see semiconductor equipment billings rising to all time high and dozens of fans being constructed over the next ten years. Anyone can tell who SAM customers are.

Posted by Foker > 2021-09-01 00:33 |

Post removed.Why?

Posted by John1234 > 2021-09-01 08:13 | Report Abuse

Both Genetec and Sam are simply highly inflated(as against their NTAs and quarterly profits) counters on thematic plays currently. They are like overblown hot-air balloons, running a potential risk of deflation or bursting, if big players decide to do a shakeout or exit when the theme plays are over. One classic case in history was the dotcom bubble burst of 2001.

I feel worried for him. At after midnight time, he was still thinking of how to propagate his "overpriced" stocks here, while others were happily asleep! But I am more worried for the newbies who buy shares under his influence and do not know the potential high risks involved.
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Foker Genetec from RM 1 go to RM 30. SAM only RM 14.90 but net profit 10 times higher and got aerospace division.
01/09/2021 12:31 AM

Foker Anyone can see for themselves. Anyone can see semiconductor equipment billings rising to all time high and dozens of fans being constructed over the next ten years. Anyone can tell who SAM customers are.
01/09/2021 12:32 AM

Posted by John1234 > 2021-09-01 08:14 | Report Abuse

They are just not my cups of tea! He is a risk-taker. But I am not. I do not give a damn to how high they can fly.
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Foker I bet noob John secretly buy SAM while scolding me here. John hates good stock, but he also loves money

Posted by Foker > 2021-09-01 09:05 | Report Abuse

He just admitted he is a noob investor.

Posted by John1234 > 2021-09-01 09:12 | Report Abuse

Haha...a tech investor does not make you any more investment-savvier!
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Foker He just admitted he is a noob investor.

Posted by smyang11 > 2021-09-01 10:09 | Report Abuse

Albukhary - at the end, Ruberex still goes down and down and down. I’m surprised you actually have good impression about the Ong guy. Lol.

Posted by skcm2017 > 2021-09-01 10:55 | Report Abuse

eyeing for next..steady for rubberex/supermx

Posted by Jonathan Keung > 2021-09-01 11:07 | Report Abuse

Chart wise. Rubberex MACD not looking good. If break their 77 support base then next resistance at 74 sen.just my own chart analysis

Posted by smyang11 > 2021-09-01 11:26 | Report Abuse

Ruberex super downtrend. Easily broken bit by bit. Other counters are okay, but not Ruberex. Pity those who hold.

Posted by eddy888 > 2021-09-01 13:36 | Report Abuse

The reason I start to invest at price 0.785 is the production volume will increase from 2.5B to 10B at mid of 2022. with 300% additional production, although the ASP dropping from USD90 to USD30, Company can still making a big profit. Just do a quick calculation for 10B glove, ASP USD30, profit margin 30%, the FY'22 profit will be 360 mil, EPS is 39 cents (915 mil shares). From investment prospective, I willing to hold the share for next 1 year. If company start to distribute dividend next year since 400 mil expenses for prod expansion completed. Then I will consider whether to dispose the share at >RM1 or continue hold the share & enjoy the dividend. This is just my own analysis. You have to invest based on your risk assessment.

Posted by skcm2017 > 2021-09-01 17:54 | Report Abuse

yes addy888, you are with me. I have retired already... thanks to gloves, NYSE, and others. Invest based on your risk assessment. It is your own money and instinct with knowledge are the game changer.

Listen to people who said such as PN17, broken and etc only.. only begging for money. true...hahaha

Posted by smyang11 > 2021-09-01 19:01 | Report Abuse

Eddy - good explanation unlike others. Do agree Ruberex has a good expansion plan but my worry is glove will be oversupply (which I don’t think so).

I’m more worried about once ASP has drop or stabilized, the biggest competitor for Ruberex is not the market but is the big 4 and Chinese producers.

That’s why a lot of small players are not able to withstand the competition.

Imagine Ruberex is doing 10 billion. I’m not sure if Ruberex can maintain its sales and still profiting from it.

What do u say? Thank you in advance

Posted by skcm2017 > 2021-09-01 21:24 | Report Abuse

hahaha...

Posted by Foker > 2021-09-01 23:04 |

Post removed.Why?

Posted by Foker > 2021-09-01 23:04 | Report Abuse

So far what innovative product Rubberex have? All money go to building new factory, money from R

Posted by Foker > 2021-09-01 23:07 | Report Abuse

Alot of people don't understand how much big 7 is expanding. Rubberex is ant

Posted by Plantermen > 2021-09-01 23:28 | Report Abuse

Real competition is coming from the China based companies. Look at analyst covering the sector. Expect margin squeeze not because of demand or higher production cost. But contraction in ASP caused by this producers cutting prices to undercut our market shares. The lockdown in Malaysia has caused buyers to look for alterative new glove producers.

Posted by skcm2017 > 2021-09-02 01:32 | Report Abuse

hahaha..

Posted by Citadel666 > 2021-09-02 01:43 |

Post removed.Why?

Posted by John1234 > 2021-09-02 08:33 | Report Abuse

I have a well-diversified portfolio. The leftover(1/4) shares of Rubberex (not sold earlier) in my portfolio serves more as a hedge against my overall portfolio. I am not betting big on this to make big money.

As I have said, I am still closely monitoring how the Covid-19 situation is evolving ...
https://www.cnbc.com/2021/09/01/who-says-it-is-monitoring-a-new-covid-variant-called-mu.html

Not a buy or sell recommendation though. Do your own research.
(NB I will be outside today. Will not respond to any comments that are worth responding)

Posted by smyang11 > 2021-09-02 09:21 | Report Abuse

As much as I want to believe Ruberex, this counter keeps dropping.

But I do hope the expansion plan to 10b will prevail.

Other glove counter are holding up steadily, not Ruberex

Posted by eddy888 > 2021-09-02 11:13 | Report Abuse

If you are real investor, don't influence by recent price trend. You should focus on company activities & business to see whether it continue grow as per plan? If yes, continue hold the share & top up if share price under value. If no, then you have to consider cut loss.

Posted by eddy888 > 2021-09-02 11:17 | Report Abuse

Continue buy in 0.765, 0.76 & 0.755 to average down the share price.

Posted by eddy888 > 2021-09-02 11:22 | Report Abuse

Price fluctuation will not bother by long term investors.
Shortist investment are usually hope the price will fly/rebound within 2 weeks but they go for long term b'cos of price continue drop.

Posted by skcm2017 > 2021-09-02 11:27 | Report Abuse

Catch at 0.76cts..hahaha

Posted by eddy888 > 2021-09-02 11:41 | Report Abuse

PP price at 0.80 (initial was 0.92). Any price below 0.8 is worth to buy. This is based on my analysis but might not suit you. Take note that you must consider 3x before buy. Once bought, you have to face either making profit or cut loss..

Posted by Plantermen > 2021-09-02 11:57 | Report Abuse

Average selling prices of nitrile glove are expected to be lower next year { 2022} based on analyst's report covering this sector. Currently they are retailing between US 50 - US 70 per 1,000 pieces. Going forward they are expected to be retail between US 40 - US 60 per 1,000 pieces { I.e. Before supply catches up with demand in 2022 /2023. Pre covid prices are below US 30 per 1,000 pieces

Posted by smyang11 > 2021-09-02 12:42 | Report Abuse

I mean why don’t you get comfort? It is more stabile than Ruberex a lot

Posted by Jonathan Keung > 2021-09-02 13:11 | Report Abuse

Glove manufacturers still make $$$ but not at the astronomical level seen at the height of pandemic outbreak. Higher output and supply will see both demand and supply normalized and balance up

Posted by eddy888 > 2021-09-02 13:12 | Report Abuse

Stable means the range of profit & loss will be small. For investment with target 1-2 years, I would choose Rubberex with 300% prod expansion & management team to grow Rubberex to next level if compare to comfort. Company will back to net cash next year once expansion project completed at mid of 2022. This is my opinion & not to influence others.

Posted by eddy888 > 2021-09-02 13:32 | Report Abuse

Below is simple calculation for FY'22 revenue & estimate conservative profit with 7.5B additional prod at mid of 2022

Total glove sell = 1.25B (1st half) + 5B (2nd half) = 6.25 B
Average ASP/1000pcs = USD30 = RM 120 (The estimate price by research for 2023)
Profit margin = 25%
FY'22 revenue = 750 mil
FY'22 profit = 187.5 mil
FY'22 EPS = 21 cents
PE ration (0.76) = 4
Estimate dividend = 5 cents (6.5% based on 76 cents)

Posted by Foker > 2021-09-02 13:35 | Report Abuse

Comfort Gloves Bhd (CGB) plans to dismantle 20 dipping lines and rebuild 22 new dipping lines at its facilities, which are capable of producing 3.9 billion gloves per annum, up 57% from the group’s existing capacity of 6.8 billion gloves.

The group also plans to build a production facility in Bemban, Batu Gajah, Perak, which when completed will be capable of producing up to 14.5 billion gloves per annum.

“Upon completion of the two expansion plans, the group’s total production capacity is expected to grow from 6.8 billion gloves per annum to 25.2 billion gloves per annum, a 270% increase from its current production capacity,” CGB said in its Annual Report 2021 released here, today.

Posted by Foker > 2021-09-02 13:37 | Report Abuse

What cock are you talking? Comfort expansion plan is more aggressive and intelligent than Rubberex. Comfort also specialises in specialty gloves which is not under intense competition. Your investment thesis for choosing Rubberex over other glove companies is that Rubberex has the best expansion plan. That is clearly false.

Posted by eddy888 > 2021-09-02 13:37 | Report Abuse

Now a lot of bad news for glove company causing price keep on dropping. It is good chance to topup to average down the price or just waiting & waiting? I can't predict when will be the lowest price, what can I do is follow the plan to slowly accumulate the share & hold till next year end. At the end making profit or loss I have to accept it. This is my choice.

Posted by Foker > 2021-09-02 13:38 | Report Abuse

So obvious many here are lousy investors doing lousy research making lousy choices and buying at lousy prices.

Posted by eddy888 > 2021-09-02 13:45 | Report Abuse

Foker, thks for good comments. Hopefully you can be rich through investment. Cheers...

Posted by eddy888 > 2021-09-02 13:51 | Report Abuse

Foker, your should go to Comfort forum to share your opinion/analysis with all your supporters. Rubberex forum is not suitable for you to promote Comfort. You have to accept the fact that even all retailers switch to Comfort, the price will not up as you wish.

Posted by Foker > 2021-09-02 13:58 | Report Abuse

Rubberex is a failed investment from the moment you buy it. The signs are clear.

Posted by Citadel666 > 2021-09-02 14:02 | Report Abuse

from rm 1 buy call until now rm 0.755 supporters here still buy call

Posted by Foker > 2021-09-02 14:12 |

Post removed.Why?

Posted by Foker > 2021-09-02 14:16 | Report Abuse

Rubberex EBI margin is only 6.2% while big 4 margin is at 10%.

Posted by eddy888 > 2021-09-02 14:43 | Report Abuse

Now regardless big4 or small 4 all drop. All glove company will up & down at same time.

Posted by Citadel666 > 2021-09-02 14:50 |

Post removed.Why?

Posted by jackfruit > 2021-09-02 15:17 | Report Abuse

Price is falling slowly most probably due to margin call selling.