The bottom line using $180 million from Rubbrex { to subscribe in an unlisted company} 20% of the company rights may not be the best interest for Rubbrex minorities shareholders .
Try to c d 1 year price movement of this co. Eventhough its downtrend but everytime the price will shoot @ Rm1.50 to 25sen every few months. Buy low sell high. If u keep for longterm buy again at lower price to average up. Our market controlled by sharks n speculators. We can say anything but this counter is a good fundamental co. Not a loss making co. Happy investing.
MOTAC gearing up to welcome foreign tourists to Malaysia https://www.theedgemarkets.com/article/motac-gearing-welcome-foreign-tourists-malaysia -------------------------------------------------------------------- John1234 Based on my own understanding, Empire City Mall belongs to the higher-end shopping experience and it is targetted more specifically at the local and foreign tourists. So, whether Empire City Mall will make a good investment for Rubberex or not depends on how the Covid-19 situation will evolve and whether foreign tourists will come back to Malaysia in big numbers.
China has officially ended its golden week yesterday. China stock market reopens today. Let's see how its energy crunch issue will evolve and how this is going to impact on the already climbing unit cost of production for China's industrial products(eg gloves).
With an already falling ASP for gloves, I will not be surprised if some China big gloves makers are tempted to cut back on their expansion plans too.
For the past 2 days, SBB was not activated. But Rubberex's share price was able to stay at 59 sen or higher. I presume Rubberex operator was trying as far as possible not to touch the SBB redline.
Anyway, Rubberex's share price would be range-bound for the moment, until a new catalyst(either positive or negative) emerges.
Kingbeast, do not expect the company to use SBB to "goreng" up the share price for you, lah. Rubberex is NOT a "goreng" company.
Good try, but wrong move for you... ===================================================================== Kingbeast Dead fish counter. 08/10/2021 11:34 AM
Kingbeast Hope glove sentiment will improve in 2021. And Ruberex secure sales from US.
Not sure how’s the expansion doing - but in order to stay afloat in the glove competitive market.
SBB is just a temporary measure. If the market feels that Ruberex will not be able to compete, there will be market sell down for Ruberex.
We need management to keep goreng Ruberex counter.
I will enter next Monday morning a bit. 25/09/2021 9:02 AM
Obviously, you have betted on the wrong counter. And this is surely not the correct way to do your investment. You should only invest in a counter if it meets your investment objective, and not whether it is going to be an object of a "goreng up".
Rubberex had enjoyed a good rally too last year when Eddie Ong first took a stake in Rubberex... https://www.theedgemarkets.com/article/opcoms-share-price-hits-record-high-rm166-eddie-ong-ups-stake ============================================================================= ========================================================== Kingbeast Eddie goreng Opcom but why not Ruberex? 08/10/2021 12:52 PM
That will depend on your investment timeframe. But one wise man has said that about every 9 years or so, there could be one pandemic. So, you could be in for a "supernormal" reward holding it for another 9 years until 2030....
Anyway, it can be a very long wait. You must be prepared to keep in the fridge until it becomes real frosty. Can you? ===================================================================== Kingbeast Ruberex holders holding until 2030?
"When one door(on Rubberex) closes, another(on Opcom) opens; But we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us."
You still have a 2nd winning chance if you can spot the next winning counter(from Eddie Ong). ================================================================= Kingbeast Only way to go up is Eddie goreng it. Fundamental - really not as strong as others. 09/10/2021 8:06 AM
Whatever it is, we must learn to accept that gloves theme is weak currently. We can have 2 options available now: 1. Hold for a better time to sell, OR 2. Sell partially or fully to exit the glove counter(for the more pessimistic).
PM: Interstate and overseas travel allowed for the fully vaccinated from Oct 11 https://www.theedgemarkets.com/article/pm-domestic-tourism-activities-all-states-allowed-interstate-travelling-allowed-monday ========================================================================= John1234 Based on my own understanding, Empire City Mall belongs to the higher-end shopping experience and it is targetted more specifically at the local and foreign tourists. So, whether Empire City Mall will make a good investment for Rubberex or not depends on how the Covid-19 situation will evolve and whether foreign tourists will come back to Malaysia in big numbers.
Retail & new malls under the new norm will be in a tough operating enviroment. New built up shopping centres {eg Pavilion Damansara, Pavilion Bukit Jalil } are huge not mentioning 1Utama, Mutiara Damansara malls are all established in a matured neighbourhood. Empire City mall will face intense competition in terms of retailers and footwalk traffic. Just my own personal viee
It has to depend on how far and successful our strategy of reopening up (to the foreign tourists) will attract the number of tourist arrivals. There is no doubt competition is always intense among the different malls. But if the pie is getting big enough, we can still attract a fairly good mix of tourists among the competing malls.
Things can only get clearer as we move forward into 2022 and beyond...
Mah Sing had been moving lower for a long while over the past weeks because of its new involvement in the gloves production. But today, it bucks the gloves weak trend to edge up instead, supported by its property developments division(a recovery theme). ============================================================================ 周 海 Terbalik version of Mahsing? 05/10/2021 11:18 AM
Mah sing an integrated town ship developer { with its own construction arm specialising built in structure or fabrication works} with niche development centre on mid range condos at strategic locations. Their plastic and PPE division account for app 10%-15% of the group sales. Mah sing is an established house hold brand name
Now, I am watching interestingly how the Hartalega operator is making shorties buy back their shorts higher. Lol. ================================================================ John1234 Windfall tax bill passed by MPs; MoF says no plans to impose levy on glove companies 13/10/2021 8:23 AM
After the Covid-19 slump in economic activities, now the bigger market risk is the higher energy cost, which the recovering world economy is expected to embrace it. Higher energy cost, plus supply chain shortages, would inevitably cause all production costs(including raw material costs) to go up.
In this sense, we can hardly expect glove prices to fall back to pre-Covid level.
IMF warns on inflation, says the Fed and others should be prepared to tighten policy. Fed officials have stated that the primary weapon to fight inflation is hiking interest rates.
When interest rates go up, bank counters will benefit the most. That is why bank counters are always regarded as a longer-term hold, not only for their good dividend payments, but also for potential capital gains.
Companies that are highly geared will be the hardest hit in a rising interest environment.
This morning, we saw a big selldown for Opcom. The operator decided to push the price down after selling out a big chunk of it at a good price.
I do not think Eddie was behind the "goreng". But Opcom operator just rode on Eddie's stake buy to goreng up the counter. Nevertheless, greedy punters got caught by this sudden move down. ========================================================================= Kingbeast Eddie goreng Opcom but why not Ruberex? 08/10/2021 12:52 PM
Market would be keenly waiting for a clearer cue from the release of Kossan and Hartalega results in end Oct/early Nov.
Strangely enough, these are the 2 counters that had enjoyed more play by the operators in the last few days. Funny right - why only played up more of these 2 counters, out of the big4? ======================================================================= Rubberex's share price would be range-bound for the moment, until a new catalyst(either positive or negative) emerges. 08/10/2021 10:48 AM
I can see that the Rubberex operator is really in a fix, churning only a traded vol of 272,200 shares as at end of morning session today, the lowest in years.
To push up, no obvious reason, but to push down, could trigger SBB? A real headache for the operator!
Promising outlook for luxury retail prompts Luxasia expansion in Malaysia.
Singapore-based Luxasia will open an Escentials store in Suria KLCC, Kuala Lumpur, next month to take advantage of lower rents at prime locations.
Luxasia, the leading omnichannel distributor and retailer of luxury beauty in Asia-Pacific, plans to commence operations at a time when the economy is picking up and retail is on an upward trend, after months of movement restrictions, owing to the Covid-19 pandemic.
By venturing into mall investment, this is just a mitigating move for Rubberex. Much will depend on whether the investment will bring in a stable income and return for Rubberex.
A "limit up" may only happen to Rubberex, if it has a chance to go into a joint venture related to favourite market themes, eg electric vehicle, clean energy, etc. ============================================================ Kingbeast Meaning Ruberex will limit up since Ruberex into mall investment? Lol 16/10/2021 8:21 AM
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Posted by Plantermen > 2021-10-06 12:06 | Report Abuse
The bottom line using $180 million from Rubbrex { to subscribe in an unlisted company} 20% of the company rights may not be the best interest for Rubbrex minorities shareholders .