Posted by Stockhunter88 > 2021-10-26 18:34 | Report Abuse

Boss manyak rich ya, sbb...

Posted by TheContrarian > 2021-10-26 19:56 | Report Abuse

Bought at 57 sen today.

Posted by Jonathan Keung > 2021-10-26 20:04 | Report Abuse

Rubberex follow supermax weakness

Posted by John1234 > 2021-10-27 10:06 | Report Abuse

Hartalega will be releasing its last quarter's report soon. But it had dropped 30 sen yesterday and this morning, it is still showing a bit of weakness.

Is this a signal of a bad quarterly report to come or a deliberate action by the operator to push down for a rebound when the report is out?

I am trying to size up what the operator is doing. Always have an inquisitive mind to find out what is happening around us.

Posted by spider68 > 2021-10-27 10:15 | Report Abuse

It would appear that some party has been recycling the shares to push down the share price.

Posted by John1234 > 2021-10-27 10:16 | Report Abuse

Near-term market outlook is likely to stay indifferent, says Inter-Pacific
https://www.theedgemarkets.com/article/nearterm-market-outlook-likely-stay-indifferent-says-interpacific

Budget 2022 Day is this Friday. But our market is not getting a boost as yet. This is a big contrast to US markets which are hovering near records high.

Posted by Jonathan Keung > 2021-10-27 10:38 | Report Abuse

Should hold and rebound. Ta ko { Supermax price today showed uptick }

Posted by spider68 > 2021-10-27 11:30 | Report Abuse

Share Recycling Not Impossible

A dumped -> B @ RM 0.570
B dumped -> C @ RM 0.565
C dumped -> D @ RM 0.560
D dumped -> A @ RM 0.555
A dumped -> B @ RM 0.550

Posted by TheContrarian > 2021-10-27 11:38 | Report Abuse

Bought at 0.555.

Posted by John1234 > 2021-10-27 12:48 | Report Abuse

Chinese steel futures track raw materials lower, coking coal and coke hit daily limit down
https://www.theedgemarkets.com/article/chinese-steel-futures-track-raw-materials-lower-coking-coal-and-coke-hit-daily-limit-down

This morning, some of our favorite steel counters were sold down by the operators and some greedy punters got hit.

On the other hand, 5G theme seems to enjoy some play, stirred up by the operators.

Posted by John1234 > 2021-10-27 13:14 | Report Abuse

With Hartalega's share price falling again this morning, Rubberex operator has acted more boldly these 2 days. Why? Even with SBB yesterday, the Rubberex operator did not back down this morning and continued to ramp up trading vols to challenge SBB forces
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203688

Posted by Sneakpeek > 2021-10-27 15:43 | Report Abuse

Slowly slowly moving to 40c..P/E still high compare to comfort careplus

Posted by John1234 > 2021-10-27 17:16 | Report Abuse

Steel counters tumble amid fall in metal's price
https://www.theedgemarkets.com/article/steel-counters-tumble-amid-fall-metals-price

Comparatively speaking, steel counter operators had a relatively easier job today - did a shakeout, collected back lots of "panic-stricken" shares at much discounted prices and made huge trading profits. But Rubberex operator had a tough job to squeeze out sellers, amid competing buying pressure from SBB forces. Lol.

Posted by Stockhunter88 > 2021-10-27 17:38 | Report Abuse

Sbb Bullet macam finishing soon

Posted by John1234 > 2021-10-27 17:44 | Report Abuse

As at end of today, Rubberex's SBB has only used up 4.69756% of the 10% maximum mandate.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3204130
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Stockhunter88 Sbb Bullet macam finishing soon
27/10/2021 5:38 PM

Posted by spider68 > 2021-10-28 09:57 | Report Abuse

Someone seems to have an unlimited supply of shares to dump.

Posted by John1234 > 2021-10-28 10:11 | Report Abuse

This is called "churning" - sell first and buy back (cheaper)later on the same day.
So, we will need a heavyweight buyer to make the operator buy back higher. Lol.
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spider68 Someone seems to have an unlimited supply of shares to dump.
28/10/2021 9:57 AM

Posted by John1234 > 2021-10-28 10:29 | Report Abuse

Somebody asks me why major shareholder Ong Choo Meng has not come in to buy his Rubberex shares.

My take is: He has pledged his shares with Maybank. So, he has a keen interest to protect the share price from falling too low, so as not to trigger margin calls from the bank. I would expect him to come in to support the share price only after the 10% SBB mandate is used up or when the share price has fallen too low for him.

Posted by Sneakpeek > 2021-10-28 10:32 | Report Abuse

why so complicated..simple reason he's running out of bullet.

Posted by John1234 > 2021-10-28 10:51 | Report Abuse

Haha, go and ask Ong Choo Meng lah!!! I do not under-estimate Ong Choo Meng's wealth. But one thing for sure, he is a lot wealthier than small fry Sneakpeek!!!

His other counters(eg Hextar Global, Opcom, etc) are doing well. So, he can always channel funds to buy..
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Sneakpeek why so complicated..simple reason he's running out of bullet.
28/10/2021 10:32 AM

Posted by Jonathan Keung > 2021-10-28 13:06 | Report Abuse

This 2 days overall market breath is negative. Gloves are hit hard and SBB taking a breather even at this price level

Posted by John1234 > 2021-10-28 14:27 | Report Abuse

A lot of people have a habit to talk without verifying facts...

In fact, for the last 2 days(26/10 & 27/10), SBB was activated. But the number of SBB shares purchased and the amount spent had dropped, as compared to the past.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203688
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3204130
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Jonathan Keung This 2 days overall market breath is negative. Gloves are hit hard and SBB taking a breather even at this price level

Posted by John1234 > 2021-10-29 08:04 | Report Abuse

Supermax declares share dividend amid forced labour issue
https://www.theedgemarkets.com/article/supermax-declares-share-dividend-amid-forced-labour-issue

"Supermax Corp Bhd, whose products are facing an import ban in the US over allegations of forced labour, has declared a final dividend via a share distribution on the basis of one treasury share for every 30 existing shares held, in respect of the financial year ended June 30, 2021 (FY21)."

Supermax has set an example to declare a share dividend, in lieu of cash dividend, to reward and retain its shareholders. Will Rubberex follow suit, given that it has acquired a total of 43,681,700 SBB shares to date? We shall wait and see.

Posted by John1234 > 2021-10-29 08:08 | Report Abuse

In the past, I was too spontaneous in giving my inputs/feedbacks for any "incorrect" postings from our forumers. This has indeed taken too much of my valuable time away, to an extent of neglecting my attention for my other counters.

So, I have decided to change my style from now on. I may post some relevant stuffs here, but may not respond to(or correct) postings from other forumers.

Please take note and filter through all postings from other forumers.

Posted by spider68 > 2021-10-29 11:24 | Report Abuse

Rubberex -> Obviously the best performing glove stock at KLSE.
All glove counters turn green but Rubberex remains red.

Posted by ViWizard > 2021-10-29 12:09 | Report Abuse

https://www.theedgemarkets.com/article/budget-2022-hints-dropped-indicate-no-major-new-taxes-next-year

PREPARE TO FLY LOOO

Posted by Sneakpeek > 2021-10-29 12:51 | Report Abuse

Nothing will happen market already anticipated that

Posted by ViWizard > 2021-10-29 14:38 | Report Abuse

other gloves flying woo

Posted by Valgrovest > 2021-10-29 15:48 | Report Abuse

Ya lor...what happened to Rubberex ? Top Glove jumped 11 sen today but Rubberex enjoyed playing the slide !!

Posted by Kingbeast > 2021-10-29 16:59 | Report Abuse

Ruberex is the worse glove stock ever. Management foresee glove business will suffered hence moving to property. It is like a lalang glove stock.

I suggest all to cut loss. Not future.

Posted by skcm2017 > 2021-10-29 17:21 | Report Abuse

yeah... catch the fish at 0.54

Posted by Kingbeast > 2021-10-29 17:59 | Report Abuse

Catch the knife at 0.54 u mean?

Posted by skcm2017 > 2021-10-29 18:02 | Report Abuse

a big knife.... to cut all the chickens...

Posted by skcm2017 > 2021-10-29 18:03 | Report Abuse

hahahaha...

Posted by Kingbeast > 2021-10-30 06:42 | Report Abuse

I think Ruberex will still be less than 0.6 in 2030. Look at the history

Posted by Sneakpeek > 2021-10-30 07:05 | Report Abuse

Monday drop to 40 because of makmur tax..

Posted by kendului > 2021-10-30 08:31 | Report Abuse

All Groves counters will go to limit down next month until next year’s

Posted by JK22 > 2021-10-30 08:33 | Report Abuse

extra 10% tax to help out . nothing wrong. a good deed. many suffered. but here windfall.

Posted by JK22 > 2021-10-30 08:34 | Report Abuse

to be exact 9% only

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

Haha, somebody is still trying his luck at 40 sen. He thinks this is a fish market or what?

The "Cukai Makmur" is a "one-off" tax measure introduced by the federal government in Budget 2022, whereby earnings above the RM100 million mark will be taxed at a rate of 33%, instead of the blanket 24% rate previously.

Rubberex's profit is likely to drop a lot this year. So, if Rubberex's share price is going to fall "some 26%" as per his prediction on Monday, I can not imagine how much the glove big4 are going to drop on Monday, given that their PBTs are much higher. Moreover, Rubberex has SBB scheme to support its share price, unlike the big4.

In fact, when compared to a windfall tax, the net effect of the extra 9% is probably much lower.

Let's see how smart and accurate he is...
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Sneakpeek Monday drop to 40 because of makmur tax..
30/10/2021 7:05 AM

Posted by Kingbeast > 2021-10-30 09:24 | Report Abuse

John - u do know that Ruberex has been dropping red while others are green? Why care so much about SBB as if it gives a strong support to it? All u need is Ruberex is go up, not maintain.

Posted by John1234 > 2021-10-30 09:47 | Report Abuse

In fact, we are all aware that gloves sector outlook has been very weak this year and the purpose of SBB for Rubberex is to stabilise its share price and not to push up its share price.

In fact, your Top Glove's share price was up yesterday mainly because of its proposed application for a listing in the HK. No idea how it will perform on Monday.
https://www.theedgemarkets.com/article/top-glove-slashes-hong-kong-stock-offering-again-now-plans-raise-rm221b

As for Rubberex, it was down slightly when SBB was not activated yesterday. Frankly, Rubberex's share price would have long dropped below 50 sen, if not for SBB. So, longer-term shareholders would find merits with this SBB.
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Kingbeast John - u do know that Ruberex has been dropping red while others are green? Why care so much about SBB as if it gives a strong support to it? All u need is Ruberex is go up, not maintain.
30/10/2021 9:24 AM

Posted by John1234 > 2021-10-30 09:57 | Report Abuse

One-off tax on super profits shouldn't be a concern — KPMG
https://www.theedgemarkets.com/article/oneoff-tax-super-profits-shouldnt-be-concern-%E2%80%94-kpmg

Let's find out who is more "right" on Monday - Head of Tax at KPMG in Malaysia, Tai Lai Kok or small fry Sneakpeek.

Posted by Kingbeast > 2021-10-30 11:17 | Report Abuse

I don’t think is a big concern, cause it is for every company who has abnormal profit, not glove alone. But I don’t see how Ruberex can reach even RM0.80, cause is the weakest glove counter.

Now venturing into property, would bleed more if their investment fails. I would say take a long time to hold this counter. Absolutely zero catalyst. Unless glove sentiment recover back, that’s the only way for Ruberex to survive.

Posted by Sneakpeek > 2021-10-30 20:31 | Report Abuse

Spend so much just to stabilise price? Such a waste..

Posted by John1234 > 2021-10-31 09:20 | Report Abuse

Haha, let us relook at the merits of the SBB of Rubberex for Sneakpeek's sake! I have a bit of time to spare on this Sunday morning.

There are at least 2 sides to looking at the same thing.

1. For longer-term shareholders(eg Ong Choo Meng and others), share price stability is what they would value most in a down market and SBB helps to achieve that, besides providing a possible avenue for share dividends.

2. For non-shareholders who are eyeing to buy dirt cheap, then it can be a different story - It seems to be such an agonising long wait!!!

No wonder, Sneakpeek had commented on Oct 11, 2021 9:45 PM: "Come on..stop teasing us..just drop to 50c already"

So, I can easily relate what he meant to say with his uncompleted posting right at the botttom:

"Spend so much just to stabilise price? Such a waste of time for me!!! I wonder how much more time I will have to wait(waste) for my dream price to come." Lol.
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Sneakpeek Spend so much just to stabilise price? Such a waste..
30/10/2021 8:31 PM

Posted by jackfruit > 2021-10-31 10:21 | Report Abuse

Hello share buy back not only help to stabilise price but also help Ong fellow increase is share holding of the company.

Posted by eddy888 > 2021-10-31 11:21 | Report Abuse

https://www.youtube.com/watch?v=Dj72EhxXrJM

Posted by eddy888 > 2021-10-31 11:30 | Report Abuse

Glove monthly ASP

Date ASP
202101 79
202102 77
202103 82
202104 82
202105 81
202106 81
202107 74
202108 61
202109 48

Posted by John1234 > 2021-10-31 13:38 | Report Abuse

eddy888, thanks for the info.

At least, it gives us some indication of the ASP(in US$) for gloves from the China gloves makers. Too bad, I cannot find such info readily available for the Malaysian glove makers.