Posted by joni > 2020-07-03 09:36 | Report Abuse

early collection 170 and 175 ; slow is good

Posted by StarDust > 2020-07-03 09:39 | Report Abuse

@Huatah so many claiming to jump on glove bandwagon

Posted by strattegist > 2020-07-03 09:54 | Report Abuse

steady

Posted by BlackWhite > 2020-07-03 10:00 | Report Abuse

You guys not buying how to up up and away

Posted by strattegist > 2020-07-03 10:23 |

Post removed.Why?

Posted by Axelrod > 2020-07-03 10:30 | Report Abuse

This company got good prospect if the contract really can happen. But maybe can look at another good fundamental stock, Sam Engineering:

https://klse.i3investor.com/blogs/buyandholdlt/2020-06-30-story-h1509679814-Bigger_in_size_half_the_price_SAM.jsp

Posted by ilesh44 > 2020-07-03 11:37 | Report Abuse

Positive uptrend

Posted by High5 > 2020-07-03 11:47 | Report Abuse

KUALA LUMPUR: Anzo Holdings Bhd is believed to have signed a sales and purchase agreement to buy over a local glove manufacturer for about RM50 million to RM60 million.


The company is expected to make an announcement on the deal soon.

Last week, Anzo told Bursa Malaysia that it had secured a RM1.3 billion contract to supply millberry/candy copper scrap over 40 months indirectly to a steelmaker in South Korea effective from July 1.

People with knowledge on the matter said the glovemaker had been looking to cash out after being in business for over 15 years and aproached Anzo to buy it over.

The glovemaker, which has the licence to export medical gloves, produces more than one billion pieces of nitrile gloves per annum, worth about RM400 million.

It is expected that Anzo would start exporting nitrile gloves from next month to countries such as Canada and the United Kingdom.

"The return on investment for Anzo should be six to 12 months. Anzo may sell the gloves at the current market price of US$70 to US$75 per box of 1,000 pieces. The net profit for Anzo is expected to be in the region of RM150 million or more," said a person close to the glove-making company.

According to him, the factory has nine production lines that can churn up to 100 million pieces of gloves a month.

Anzo can increase the production lines to 12 or 15 should demand exceed supply, he said.

"The World Health Organisation has warned of a chronic global shortage of personal protective equipment including N95 masks and gloves brought about by the unprecedented Covid-19 pandemic.

"Further, Anzo has been seeking to diversify to mitigate loss of earnings from its current business of property development. The glove business is a lucrative business and it is expected that it will continue to prosper even post-Covid-10," he said.

The stock opened one sen higher at 17.5 sen today, giving it a market capitalisation of RM147 million.

Some 20 million shares exchanged hands.

Posted by High5 > 2020-07-03 11:48 | Report Abuse

Buy now b4 it fly up

Posted by strattegist > 2020-07-03 11:49 | Report Abuse

positive

Posted by Bursa1575 > 2020-07-03 11:52 | Report Abuse

HUATlaaaaa

Posted by strattegist > 2020-07-03 12:04 | Report Abuse

green

Posted by TraderJoe84 > 2020-07-03 12:15 | Report Abuse

Buy buy buy. I'm queuing to buy more. Gonna shoot up

Posted by High5 > 2020-07-03 12:36 | Report Abuse

Yes buy more ...

Posted by High5 > 2020-07-03 12:37 | Report Abuse

The company is expected to make an announcement on the deal soon...
This news wil push up the price further

Posted by High5 > 2020-07-03 12:38 | Report Abuse

Afternoon might fly as not many ppl knew of this latest news

Posted by Huat huat 2020 > 2020-07-03 12:50 | Report Abuse

Soon 30c ... Good news soon

Posted by nightfly > 2020-07-03 13:24 | Report Abuse

https://www.nst.com.my/business/2020/07/605601/anzo-buy-glove-company

Posted by Huat huat 2020 > 2020-07-03 13:50 | Report Abuse

Announcement out ... hoot !!!!

150m net profit a year... not 30c is RM 1 !!!!

Posted by Huat huat 2020 > 2020-07-03 13:50 | Report Abuse

More than 1 billion Nitirl glove to be produce ! Commission soon

Posted by Huat huat 2020 > 2020-07-03 13:53 | Report Abuse

Read the announcements guys! Buy before news out on weekends .... export to America and Canada . Sales in USD

Posted by Huat huat 2020 > 2020-07-03 13:57 | Report Abuse

1.3 billion copper and now another 150m Net profit per year. Cant you guys see how lucrative is it ?

I believe will hit 30c in short term.

Posted by birkincollector > 2020-07-03 13:58 | Report Abuse

hmm..hard to say la...u see AT......after announcement like dead fish

Posted by Huat huat 2020 > 2020-07-03 14:03 | Report Abuse

PEARL GLOVE IS LOSSING MONEY

Posted by birkincollector > 2020-07-03 14:04 | Report Abuse

then why this company if one year can make so much from pndemic wanna sell now?

Posted by Huat huat 2020 > 2020-07-03 14:11 | Report Abuse

Birkin just see and watch K ?

All those without retailers , resitance easily to push

Posted by Huat huat 2020 > 2020-07-03 14:16 | Report Abuse

See 0105 .... why can everyday up ? They ady collected kaw kaw... if you know

Posted by Huat huat 2020 > 2020-07-03 14:22 |

Post removed.Why?

Posted by High5 > 2020-07-03 14:34 | Report Abuse

Flying

Posted by strattegist > 2020-07-03 14:35 | Report Abuse

green

Posted by MrGoingUp > 2020-07-03 14:36 | Report Abuse

fly?

Posted by Bursa1575 > 2020-07-03 14:36 | Report Abuse

HUATLAAAAA

Posted by Stanley Chong > 2020-07-03 14:41 | Report Abuse

News out....sell

Posted by Bursa1575 > 2020-07-03 15:00 | Report Abuse

Casino de ANZOOOOOOOOOOO

Posted by HandsomeGain > 2020-07-03 15:00 | Report Abuse

very fishy.....and found that this is fake news...need verified by bursa!

Posted by williamtkb > 2020-07-03 15:11 | Report Abuse

Break 20cents and moving towards 1cent

Posted by Bursa1575 > 2020-07-03 15:13 | Report Abuse

Just make 200k today from Monday sell down, be greedy when others so fear earn ton of money in the bank

Posted by Bursa1575 > 2020-07-03 15:16 | Report Abuse

Good luck happy go lucky

Posted by Diego2020 > 2020-07-03 15:17 | Report Abuse

accumulating... ... ...

Posted by xuxu > 2020-07-03 15:17 | Report Abuse

All the gamblers hahaha !

Posted by HandsomeGain > 2020-07-03 15:20 | Report Abuse

haha...i doubt the glove counter news...

Posted by gemma > 2020-07-03 15:20 | Report Abuse

Goring time.. slowly but surely up

Posted by KLBullTrader > 2020-07-03 15:27 | Report Abuse

profit taking first, then buy back.

Posted by pretty_life > 2020-07-03 15:37 | Report Abuse

Limit down soon ... hahahaha

Posted by gemma > 2020-07-03 15:46 | Report Abuse

kesian hihihi

Posted by williamtkb > 2020-07-03 15:47 | Report Abuse

I will buy if above 20cent... Or 1cent. Let sharks selling and buying themselves first. Hope they sell to 1cent

Posted by strattegist > 2020-07-03 15:56 | Report Abuse

green

Posted by StarDust > 2020-07-03 16:12 | Report Abuse

now coming out of woodwork to say fishy? why?

Posted by David Coperfield > 2020-07-03 16:18 | Report Abuse

wah ! All Negative thinking about this counter !! something is wrongggg

Posted by skyap > 2020-07-03 16:21 | Report Abuse

Wii gg ?