Posted by Mikecyc > 2020-09-17 19:12 |

Post removed.Why?

Posted by Mikecyc > 2020-09-17 19:38 |

Post removed.Why?

Posted by kc1991 > 2020-09-17 19:52 | Report Abuse

Very unexpected closing today. Lol

Posted by Newbiexxxxxxxxx > 2020-09-17 20:47 | Report Abuse

Hold tight and high potential

Posted by mf > 2020-09-17 21:10 | Report Abuse

Dow futures fall more than 300 points, tech and airline stocks are lower

Posted by bigprice > 2020-09-17 21:28 | Report Abuse

300 point all no matter. More than 1000 point s no good.

Posted by WY Chan > 2020-09-17 21:55 | Report Abuse

wait to drop at the bottom of the peat

Posted by chopstick > 2020-09-17 21:56 | Report Abuse

https://www.cnbc.com/2020/09/17/coronavirus-latest-europe-jittery-as-cases-rise-and-lockdowns-return.html

Posted by nuilam hali > 2020-09-17 22:00 | Report Abuse

the World Health Organization warns of "a very serious situation unfolding" in Europe
It comes as cases exceed those seen at the peak of the pandemic in March

Posted by nuilam hali > 2020-09-17 22:01 | Report Abuse

Virus no longer being adequately controlled, NHS Confederation says

Posted by bigprice > 2020-09-17 22:53 | Report Abuse

WHO warned Europe. Dow recover.

Posted by calvintaneng > 2020-09-18 00:26 | Report Abuse

Sorchai Mikecyc missed the palm oil superbull just like he missed super max and Careplus and try to talk down Hlt

Hlt is growing be leaps and bounds just like Supermax and Careplus

Posted by iridesxon > 2020-09-18 01:13 | Report Abuse

Tmr HLT might drop drastically, those who doesn't have holding power, i suggest u to sell at a good price. Losing small consider winning. Just sharing my taughts. Cheers guys and good night!

Posted by humongainz > 2020-09-18 01:33 | Report Abuse

@iridesxon agree, sometimes cutting win helps you to avoid cutting loss since you cant always sell the highs.

Posted by ming > 2020-09-18 01:55 | Report Abuse

After finish convert warrant first oni let u know where is the hell

Posted by Ron90 > 2020-09-18 02:05 | Report Abuse

PE over 100 and profits only about 5 mil per QR. be rational ler

Posted by nuilam hali > 2020-09-18 04:43 | Report Abuse

Coronavirus: Cases in France leap past 10,000 a day

Posted by nuilam hali > 2020-09-18 04:49 | Report Abuse

Trump says U.S. could start distributing a coronavirus vaccine in October, contradicting CDC’s timeline

Posted by Mikecyc > 2020-09-18 05:42 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 05:45 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 05:47 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 05:49 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 05:50 | Report Abuse

Calvin famous words : clap clap clap be crab crab crab ke ..

Posted by Mikecyc > 2020-09-18 05:53 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 05:57 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:00 | Report Abuse

RHB Research expects the company to add six production lines in 1QFY21 .
Upon completion, its production capacity will increase by 14 per cent to 5.9 billion pieces per annum.

Comfort Gloves has 49 production lines in 2 plants with total annual capacity 5.16 billion .

Beyond current expansion, we believe more capacity can be added in near future as Comfort had acquired a 39 acre of Land in 2018.

Posted by Mikecyc > 2020-09-18 06:01 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:02 | Report Abuse

Capacity expansion on track. Kossan's Plant 18 is expected to commission four lines in August 2019 (all eight lines are targeted to be fully commission by October 2019) while Plant 19 is expected to begin commissioning by 4QFY19 (December 2019).

These two plants will add additional 5.5b pieces of new production capacity which will increase its existing capacity from 26.5b pieces to 32.0b pieces (+20.8%).

Posted by Mikecyc > 2020-09-18 06:03 | Report Abuse

Supermax is spending RM1.1 billion to increase the production capacity from the current 24 billion pieces per annum to 27.4 billion pieces by 2020 and 44.1 billion pieces per annum by 2024.

The expansion plans and the rebuilding and replacement programme will also improve its production efficiency and earnings margin.

Posted by Mikecyc > 2020-09-18 06:05 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:06 | Report Abuse

KUALA LUMPUR (Sept 15): The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.

“Right now, there is an enormous shortage (due to the pandemic)... We do not even know whether we (the industry) have enough to meet the demand for 120 billion more pieces of gloves in the next three years,” he said.

>>>

Demand of 120 billion more pieces of gloves in the Netx 3 years , can supply meet the Demand in 1 year ?

Let us do a research study loh ...

Posted by Mikecyc > 2020-09-18 06:06 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:06 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:07 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:08 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:12 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:24 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:26 | Report Abuse

Table 2 – Top Global Manufacturers and Producers of Nitrile Gloves based on Industry Research’s 2019 Global Market research report

Note – Annual revenue values derived from company websites and annual financial reports.
Company Name Location Estimated Annual Revenue


AMMEX Kent, Washington, USA Privately held

Ansell Richmond, Australia $1.499 billion

Aurelia Gloves Aurora, IL, USA Privately held

Barber Healthcare Leyburn, United Kingdom Privately held

Comfort Rubber Gloves Industries Perak, Malaysia $109.8 million

Dynarex Orangeburg, NY, USA Privately held

Hartalega Holdings Kuala Lumpur, Malaysia $655 million

Illinois Glove Northbrook, IL, USA Privately held

Kimberly-Clark Irving, TX $18.45 billion

Kossan Rubber Selangor, Malaysia $492 million

Medicom Montreal, Canada Privately held

Renco Corporation Manchester, MA Privately held

Riverstone Selangor, Malaysia $211.8 million

Rubberex Perak, Malaysia $47.6 million

Semperit Vienna, Austria $925 million

Sempermed North Clearwater, FL, USA $925 million

Synthomer Essex, United Kingdom $1.81 billion

Tan Sin Lian Johor, Malaysia Privately held

Top Glove Shah Alam, Malaysia $1.1 billion

United Glove Newton, NC, USA Privately held

VWR Radnor, PA, USA $1.52 billion

YTY Group Kuala Lumpur, Malaysia $10.8 billion

Shandong Yuyuan Shandong, China Privately held

Zhangjiagang Dayu Jiangsu, China Privately held

Posted by Mikecyc > 2020-09-18 06:28 | Report Abuse

In terms of an increase in global production, CGSCIMB in a recent report noted that China glove makers had announced aggressive expansion plans.
“Recent media reports indicate that two China glove makers, Blue Sail Medical and Intco Medical, have ambitious plans to ramp up their nitrile glove production capacity. We gather that Blue Sail aims to raise its nitrile glove production capacity to 36.1 billion by end-2023 from 4.3 billion at end-2019.

“Intco plans to expand its nitrile glove capacity to 59.2 billion per annum by end-2023 from five billion at end-2019.”

Posted by Mikecyc > 2020-09-18 06:29 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:30 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 06:34 |

Post removed.Why?

Posted by DLLM99_kyy > 2020-09-18 07:33 | Report Abuse

Hi Chao Agua Mouse,

You are back..

Burung Kakak so happy now..

Singing on the tree..

Posted by menort > 2020-09-18 07:39 | Report Abuse

Mikecyc :

Still waiting from you to see your top 10 counter after you did a research it is the safest and profitable.

He should be in loss making counter and help newbies and put his research for good use but postings on profit making counter is kinda weird behavior and will backfire soon.

Posted by David Coperfield > 2020-09-18 07:41 | Report Abuse

Today up or down?

Posted by CUTLOSS > 2020-09-18 07:43 | Report Abuse

Pump then dump like TG, Supermax, Harta, Kossan,etc?

Posted by GenuineInvester > 2020-09-18 07:58 | Report Abuse

Tradeview Commentaries 17th Sept 2020 - Top Glove Q4 2020 Earnings:

The results are exceptional, it goes without saying. It beat market expectation of RM 1-1.1 billion by a huge mile. This is what we call a blow out quarter. At RM 1.33 Billion the results exceeded consensus by close to 20-30% minimum. Full year 2020, the results is RM 1.9 Billion which flat out beat consensus of the media RM 1.48 billion by almost 28%.

Of course before this, many critics said Top Glove expensive with trailing PER 70x. With the latest results, the trailing PER fell to 38x. Forward PER, is only 13.6X . That is assuming that next 4 QR maintains at this net profit and there is no further growth which is not likely.

I would like to highlight what impressed me the most are the utilization rate is close to 100% which allowed Super economies of scale for them. Additionally, they have repaid their debts and turned net cash of RM 2.34 Billion. Hence the share buy back earlier was only a drop in the ocean for the company. With that they further paid out 8.5 sens dividend (combine earlier payout) which translates to 50% dividend pay out ratio of profits close to Hartalega's 60%.

To put things into perspective, Top Glove results of RM 1.33 Billion net profit this QR flat out beat Maybank's recent QR of RM 900+million and Public Bank's RM 1 billion net profit. I think this results validates my bullishness of the sector and continued confident outlook of having Glove stocks in my investment portfolio.

This bellweather results is an indicator for the entire sector. Please note this also shows how the others would do well, especially when you see how much Nitrile Gloves demand has risen closed to 31% vs Latex only 7%. Riverstone, Hartalega, Kossan, Sri Trang, UG Healthcare, Supermax, Comfort will all do well continuously.

For those who are not sure what to do, again it comes down to you investment horizon, risk appetite and ability to hold. I am of the view Top Glove has shown its able to deliver regardless of the adversity, negative news and what not. I have confidence Top Glove may really exceed Maybank to become Malaysia stock with largest market capital.

Posted by GenuineInvester > 2020-09-18 07:59 | Report Abuse

The market was seemed to be manipulated yesterday when all glove stocks were sold at low points at 14:45,16:00, 16:35. This is because IB did the shortselling!
“Permitted Short Selling (PSS) is not affected by the temporary suspension of short selling, as PSS is necessary for market makers to market make the relevant securities such as exchange traded funds efficiently.”
Market maker = IB can shortsell !!! IB short selling to create havoc in the market because of the call warrants issued expiring soon, esp in Oct. Many of them are in bad loss esp those issued with Low premium before April.

The short selling sold 17 Sept must deliver the shares in 2 days time.
Thats called T+2. Those sold today will still buy back tomorrow coz there is such a thing as Express Transfer to deliver shares to you in 2 days time.
Its a gamble, so today will be buy back time for these IBs.
That means the rebound must not more than 64 Sen in order for IB to win big.
If there are a lot of buyers today these Short Sellers will lose. These are the warrants going to be expired.
(i) C77/CIMB /28 September
(ii) C78/Kenanga/8 October
(iii) C80/CIMB /27 October
(iv)C 81/RHB /23 October
(v) C 83/CIMB /27 October

All will cause banks to lose tons of money right esp Maybank c84.

All glove supporters. The call warrants is a big issue now as dirty hand manipulate the market deliberately despite knowing to true value of glove stocks. We have to stay united, share this info to the our community to fight against wicked IBs who use many tactics and rumours to shatter the market ... and shortselling are the latest manipulation!

We have to hold on to our shares to win big together. The bosses of glove stocks led by TS Lim WC will lead us too win big as Gloves is the very few stocks that really make profits in this pandemics.
1. Strong earnings visibility for the next 12 months (min) with / without vaccine

2. Shortage is acute especially for nitrile Gloves

3. ASP price increased has been and will remain elevated for some time

4. Structural change in demand and hygiene habits

5. Monopolistic position of Malaysia supply to the Global markets

6. Valuation is still lagging actual earnings growth and it will be reflected in coming quarters

7. Huge cash inflow for Glove players. Cash is king especially during weak economic environment.

8. No other better sector / industry / stocks for alternative investment opportunities in the near term.

9. Some local funds / local investors may not believe in the Glove sector. But I believe in it strongly. My belief is objective based on data, facts and numbers. Not emotions. There is deep value in Glove sector especially those with strong quality management like Hartalega,, Supermax and Top Glove.

10. Lastly, the Glove sector is very relatable to retail investors who can touch, feel or understand the nature of the business due to usage in daily life.

Posted by Mikecyc > 2020-09-18 08:06 |

Post removed.Why?

Posted by Mikecyc > 2020-09-18 08:08 |

Post removed.Why?