Posted by John1234 > 2021-10-16 09:30 | Report Abuse

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.
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Kingbeast Meaning Ruberex will limit up since Ruberex into mall investment? Lol
16/10/2021 8:21 AM

Posted by JK22 > 2021-10-16 09:51 | Report Abuse

Empire city OK la. Location also ok. Bordering Damansara/Damansara Perdana , nearby Ikea , the curve . After completion of the of the bridge across LDP to link up , then it will show it potential. Even now, it is easy to access . Anyone leaving Ikea, the curve or Bandar Utama, if they need to take a u turn under the bridge to lead back to LDP towards Taman Tun, KL, DU and Puchong direction will come to the mall car park entrance. May be just a perception of many that this mall is still under construction due to the road and bridge link construction out there. It will be as good as those nearby Malls.

Posted by John1234 > 2021-10-16 10:03 | Report Abuse

I was going through my investment portfolio and was happy to find out that my 2 "hibernating" small/mid cap stocks(recovery themes) had started to show some good price movements this week.

That is why I always advocate a "diversified" investment portfolio.

Posted by John1234 > 2021-10-18 09:46 | Report Abuse

Wow, I saw it going up higher almost everyday since 70.5 sen in my watchlist. What a sheer waste, lol!

Never mind. I will not chase it up now. I have other recovery counters to rely on.
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John1234 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).
11/10/2021 12:56 PM

Posted by John1234 > 2021-10-18 10:19 | Report Abuse

From the netshort positions on Bursa website, we can see that Hartalega operator has made the shorties cover back some of the shorts. Now, Supermax has clinched the top spot for netshort position.

Let's see whether or when the other big4 operators will make the shorties cover back their shorts.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20211015.pdf

Market is fair. Rubberex has had the least shorts of 1,569,000 shares. So, it may not benefit much from the short covering.
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John1234 Now, I am watching interestingly how the Hartalega operator is making shorties buy back their shorts higher. Lol.
13/10/2021 10:30 AM

Posted by John1234 > 2021-10-18 11:09 | Report Abuse

Asia-Pacific stocks mostly slip as data shows China’s economy grew 4.9%, less than expected in the third-quarter.

Surprisingly, Bursa still shows some strength on the eve of a public holiday tomorrow as KLCI continues to rally past 1600 points.

Posted by Kingbeast > 2021-10-18 17:27 | Report Abuse

I think Ruberex will take 1 year to break 0.70. Pretty much gg already.others all green except Ruberex.

Posted by skcm2017 > 2021-10-18 17:47 | Report Abuse

SBB activated..others are not so much green, except Harta (+0.18)...tmrw is a public holiday...the buyers are expecting something is happening on Wed...shoot multiple today on gloves.

Posted by Kingbeast > 2021-10-18 17:55 | Report Abuse

But Ruberex red.

SBB doesn’t change anything la

Posted by skcm2017 > 2021-10-18 17:58 | Report Abuse

yeah... let see Wed next week.... over-hundred thousands.... ice cream is so delicious, i love it.

Posted by Kingbeast > 2021-10-18 18:11 | Report Abuse

What’s happening next Wednesday?

Posted by Sneakpeek > 2021-10-18 20:17 | Report Abuse

Nothing will happen laa..just some people try comforting themselves

Posted by skcm2017 > 2021-10-18 21:51 | Report Abuse

hahaha.....to see the reaction of ppl...

Posted by Kingbeast > 2021-10-18 21:56 | Report Abuse

What? Aiyo Ruberex holder. Hahaha

Posted by skcm2017 > 2021-10-18 22:24 | Report Abuse

yeah.kehkehkeh.. everyone is shaking...

Posted by DreamEmperor > 2021-10-20 01:53 | Report Abuse

Rubberex takes chance on Empire City Mall

https://www.theedgemarkets.com/article/rubberex-takes-chance-empire-city-mall-amid-waning-outlook-gloves

Posted by Kingbeast > 2021-10-20 12:42 | Report Abuse

Pointless. Share price still stagnant. Once their glove business worsen, I foresee share price will drop again. Only catalyst, is their Mall acquisition give them super big profit which is very highly unlikely. I think Ruberex going to be laggard. Not fundamental already.

My 2 cent.

Posted by John1234 > 2021-10-20 15:03 | Report Abuse

Market is very fair. After Hartalega and Kossan went up earlier in the last few days, it is today the turns for Top Glove and Supermax to do a catch-up.

It all seems to suggest that the gloves big4 are showing early signs of stabilisation from earlier selldowns, attributable in part to the energy crunch in China.
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John1234 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?
15/10/2021 9:02 AM

Posted by John1234 > 2021-10-20 15:25 | Report Abuse

By the same token, we must stay realistic too. Do not overly expect the mall investment to reap excellent returns for Rubberex, especially in the initial years, as it is meant more as a mitigating move for Rubberex amid a downbeat gloves market outlook.
https://www.theedgemarkets.com/article/rubberex-takes-chance-empire-city-mall-amid-waning-outlook-gloves
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John1234 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.
16/10/2021 9:30 AM

Posted by John1234 > 2021-10-21 09:05 | Report Abuse

Wow, what is happening to Supermax? A big selldown this morning!!!

Posted by John1234 > 2021-10-21 09:42 | Report Abuse

US Bars Disposable Gloves From Malaysia Over Forced Labor
https://www.usnews.com/news/business/articles/2021-10-20/us-bars-disposable-gloves-from-malaysia-over-forced-labor

This will affect the trading sentiments for the big4 where a portion of their consumer markets are from the US. Shorties will add salt to wound.
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John1234 Wow, what is happening to Supermax? A big selldown this morning!!!
21/10/2021 9:05 AM

Posted by John1234 > 2021-10-21 09:55 | Report Abuse

Malaysia facing labour shortage
https://www.thestar.com.my/news/nation/2021/10/21/msia-facing-labour-shortage

Apart from supply chain disruptions and high energy costs, a lot of industries in Malaysia are currently facing labour shortages too as a result of closure of international borders. The operating environment is very challenging. Only certain companies with relative stronger pricing power will be able to pass on the higher costs of production and hence will not suffer a big erosion of profits.

We need to be very selective in our top picks, even for the recovery counters. Broadly speaking, banks, oil and gas and steels are the current winners. But their share prices have moved up quite a lot too. So, we will need to wait for retracements.

Posted by Jonathan Keung > 2021-10-21 10:06 | Report Abuse

Plantation may be the next theme play. Last year was glove and healthcare

Posted by John1234 > 2021-10-21 10:15 | Report Abuse

Likely, with CPO prices(futures) going higher. But much like gloves companies, plantation stocks suffer ESG issues, which make foreign funds hesitant to take big positions.
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Jonathan Keung Plantation may be the next theme play. Last year was glove and healthcare
21/10/2021 10:06 AM

Posted by John1234 > 2021-10-21 15:34 | Report Abuse

Strangely enough, Kossan has defied a falling momentum for glove counters and is trading higher now. Some naysayers are struck dumb-founded. I am amazed too.

Posted by Dannyfyl88 > 2021-10-21 15:43 | Report Abuse

This holds up well against the rest of the gloves...

Posted by John1234 > 2021-10-21 20:51 | Report Abuse

Kossan 3Q net profit halves to RM528.2 million against preceding quarter
https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m
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John1234 Strangely enough, Kossan has defied a falling momentum for glove counters and is trading higher now. Some naysayers are struck dumb-founded. I am amazed too.
21/10/2021 3:34 PM

Posted by John1234 > 2021-10-22 10:01 | Report Abuse

KLCI ripe for further healthy consolidation
https://www.theedgemarkets.com/article/klci-ripe-further-healthy-consolidation

Posted by John1234 > 2021-10-22 10:26 | Report Abuse

Market seems to be pleased with Kossan's latest result, based on the price action this morning. Next, we shall look out for Hartalega's result in early Nov.
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John1234 Kossan 3Q net profit halves to RM528.2 million against preceding quarter
https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m
21/10/2021 3:34 PM

Posted by John1234 > 2021-10-22 15:43 | Report Abuse

Rubberex is traded in a tight range nowadays, with low trading vols too. With a low beta, it is less susceptible to big moves of the big4 glove counters.

Major shareholder Ong Choo Meng had indicated his intention to deal in his shares. But so far, no such actions have been reported yet.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3202029

Posted by madguy > 2021-10-23 05:08 | Report Abuse

why ruberex nvr give devidend after bonus ??? zzzzz

Posted by John1234 > 2021-10-23 09:10 | Report Abuse

In the past, we had reason to assume that the company had to conserve the dividend payments for its proposed capex expansion plan(to increase its annual gloves production to 10.0 billion pieces of disposable gloves).

But gloves demand has changed so drastically that the proposed expansion plan might be pushed back or cut back, with its latest diversification into Empire City Mall investment. So, we will like to hear more from the management on its next quarterly report release in Nov. Also, we want to find out how its gloves business has been doing.

Posted by JohnFook > 2021-10-23 20:40 | Report Abuse

Wait for next pundemic

Posted by Plantermen > 2021-10-25 10:06 | Report Abuse

Sbb initiated by company. No clear announcement on shares buy back policy

Posted by John1234 > 2021-10-25 11:23 | Report Abuse

Haha, somebody did not read the company announcement?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3150214

(Extracted from the circular):
5. Rationale for the proposed share buy-back:
The Proposed Share Buy-Back will enable the Company to utilise its financial resources not immediately required for use to purchase its own Shares from Bursa Securities. It may help to stabilise the supply and demand and price of its Shares traded on Bursa Securities, thereby supporting the fundamental value of the Shares.

The Rubberex Shares purchased, whether to be held as Treasury Shares or subsequently cancelled, will effectively reduce the number of Shares carrying voting and participation rights. Therefore, the Proposed Share Buy-Back may increase shareholders’ value and improve, inter alia, the return on equity of the Group. The purchase of Rubberex Shares may result in an improvement to the consolidated EPS and/or NA per Share of the Group
(given the decreased share base used for the computation of the EPS and NA), which in turn would benefit the Company and its shareholders.

The Purchased Shares can be held as Treasury Shares and resold on Bursa Securities at a higher price with the intention of realising potential gain without affecting the total issued share capital of the Company. Should any Treasury Shares be distributed as share dividends, this would serve to reward the shareholders of the Company.

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Plantermen Sbb initiated by company. No clear announcement on shares buy back policy
25/10/2021 10:06 AM

Posted by John1234 > 2021-10-25 11:41 | Report Abuse

Rubberex has an estimated 875m shares outstanding in the market(after deducting recently purchased 39,105,900 SBB shares).

Every 1 sen of dividend declared would cost the company 8.75m. Alternatively, the company can have an option to pay out in the form of share dividend, out of its SBB shares(based on the SBB circular).

In the longer run, Rubberex's mall investment can generate a recurring income for Rubberex, which will give the management more reason to declare regular dividends.

Just my own personal views.
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madguy why ruberex nvr give devidend after bonus ??? zzzzz
23/10/2021 5:08 AM

Posted by John1234 > 2021-10-25 11:45 | Report Abuse

FBM KLCI in a drifting mode again, says Inter-Pacific
https://www.theedgemarkets.com/article/fbm-klci-drifting-mode-again-says-interpacific

Posted by skcm2017 > 2021-10-25 11:50 | Report Abuse

John1234 Haha, somebody did not read the company announcement?
Another hahahahaha....

Posted by Plantermen > 2021-10-25 14:56 | Report Abuse

Yup. My apology missed out of their announcement. Only read the SBB buy back

Posted by oskchoon > 2021-10-25 17:09 | Report Abuse

*latest TP * of 7 Glove counters

Top Glove RM 1.20
Supermax RM 1.00
Hartalega RM 3.00
Kossan Rubber RM 1.10
Comfort Glove RM 0.50
Careplus RM 0.40
Rubberex RM 0.20

Posted by John1234 > 2021-10-25 17:35 | Report Abuse

Plantermen, no issues. I was busy looking at my recovery counter, KUB Malaysia, this whole afternoon. This cash-rich counter had been a laggard for almost the past 10 months. Suddenly, it came to life these 2 weeks.

My long wait has finally paid off with a good reward. Not a buy recommendation though. Probably too late to enter NOW.
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John1234 Aug 18, 2021 9:50 AM | Report Abuse

Market is always forward-looking. From some speculative plays today, Umno-linked stocks(eg KUB Malaysia) enjoy a good play. Market operators seem to have put bets on who our next PM is likely to be.

Just for sharing purpose only. I happen to own a very small stake in KUB Malaysia.

Posted by John1234 > 2021-10-25 17:55 | Report Abuse

Latest TP from where? From Osk Choon Research? Lol..
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oskchoon *latest TP * of 7 Glove counters

Top Glove RM 1.20
Supermax RM 1.00
Hartalega RM 3.00
Kossan Rubber RM 1.10
Comfort Glove RM 0.50
Careplus RM 0.40
Rubberex RM 0.20

Posted by John1234 > 2021-10-25 18:59 | Report Abuse

创富财今LIVE：手套股能翻身吗？
https://www.youtube.com/watch?v=jsQ1Gv8P02g

Posted by John1234 > 2021-10-26 10:10 | Report Abuse

The following videos would give Rubberex investors some further insights on the Empire City Mall:

为什么Exsim发展商 把 Empire City 鬼城接下来做? Part 1
https://www.youtube.com/watch?v=jbAkng2ObTU

为什么Exsim发展商 把 Empire City 鬼城接下来做? Part 2
https://www.youtube.com/watch?v=j1QQ6rIufqA

Posted by John1234 > 2021-10-26 12:23 | Report Abuse

For no obvious reasons, the gloves big4 were somehow sold down this morning. What has happened? Could it be a new wave of panic selling due to lower latest TP by Osk Choon Research? The author had splashed it across i3 gloves threads yesterday.

Wow, i3 social media can be very powerful. Do not play play...

Posted by SWT1988 > 2021-10-26 13:29 | Report Abuse

Kindergarten TP for 7 gloves companies. Superman got problem but TP almost same like super earning Kossan. Can't c the logic. Maybe this estimator need to go back school and study harder.

Posted by beso > 2021-10-26 14:21 | Report Abuse

no need to see tp, going back to the origin where it came from, that is the true value. lol

Posted by John1234 > 2021-10-26 15:12 | Report Abuse

There is a serious flaw in arguing that when the pandemic is over, glove counter share prices should move back to pre-pandemic prices. Why? We cannot simply ignore the fact that changes have occurred to the glove companies in terms of financial strength(eg NTA) and cash positions.

Posted by oskchoon > 2021-10-26 15:25 | Report Abuse

latest TP * of 7 Glove counters

Top Glove RM 1.20
Supermax RM 1.00
Hartalega RM 3.00
Kossan Rubber RM 1.10
Comfort Glove RM 0.50
Careplus RM 0.40
Rubberex RM 0.20

Posted by LossAversion > 2021-10-26 15:26 | Report Abuse

Ha, ha, ha IF the past, present, future TPs are so useful, many would not be in deep shit!!!!!