Foxconn's Hon Hai’s acquires 120 million ordinary shares of DNeX for RM108 mil.
----------------------------------------------------------------------------------
Hon Hai Technology Group issued a statement tonight stating that they have acquired 120 mil ordinary shares in DNeX. Hon Hai will work with Dnex and share technology in the field of semiconductors and electric vehicles in the future and further fortify expansion in semiconductors and electric vehicles. In the future, we will use this alliance to expand other investment opportunities in the ASEAN region.

Hon Hai announced this evening that the investment in Malaysian technology company DNeX with 108 million ringgits (about NT$780 million) is equivalent to an indirect investment in Malaysia’s 8-inch fab SiTerra, which is the small chip required by Hon Hai Group to enter the electric vehicle industry.

Hon Hai’s announcement stated that the company acquired 120 million ordinary shares of Dagang NeXchange Berhad (DNeX) through its Singapore subsidiary Foxconn Singapore Pte Ltd, with an investment amount of RM108 million.

https://money.udn.com/money/story/5607/5524496

Why MNRB?

What should be a reasonable price target?


Based on the company's past earnings:

EPS Full Year 2017: 31 cents

EPS Full Year 2018: 43 cents

EPS Full Year 2019: 24 cents

EPS Full Year 2020: 18 cents

EPS Full Year 2021: 23 cents (assuming quarter ending 31.03.21 has same EPS as previous quarter)


EPS of 20 cents x PE of 10 years = min RM2.00 should be the target price. We are not simply multiplying by any PE; in fact, this company has proven over the time that it managed to maintain such EPS.

Based on peers' valuation (relative valuation method)

CURRENT TRAILING 12M EPS

CURRENT TRAILING 12M PE

MNRB...............23 cents ..........6x
LPI....................84 cents.........16x
MANULIFE.........9 cents..........11x
TAKAFUL..........43 cents .........11x
TUNEPRO..........3 cents..........19x
MPHBCAP..........2 cents..........73x

MNRB is trading at the cheapest PE. Even at a conservative PE of 10x, the min target price is 23cents x 10 = RM2.30.


Based on the company's own earnings for the past 10 years and also based on its peers' relative valuation, the target price for MNRB Holdings Berhad should be minimum RM2.00, an upside of approximately 43% from current price.

The best time to plant a tree is 20 years ago. The best time to build a semiconductor foundry is 5 years ago

Unless you've been hiding under a (non-silicate) rock, you know there's a massive global shortage of semiconductors. Automobile production lines have stalled. New computers are launched late. Gamers can't get their hands on the latest bits of kit. And we're told that this won't clear up until 2023. If we're lucky.

in May we saw well over half a trillion dollars of capital committed to semiconductor fabrication, with $450bn from the South Koreans, around $130bn in President Biden's massive infrastructure spend, and another $100bn from TSMC – the current Master of the Chipmaking Universe. That kind of sudden and overwhelming commitment of capital to anything is completely unprecedented in the history of business. It brings into high relief the central failure here: a long-term aversion to invest in capacity.

For at least a generation, companies have chosen to pass their profits back to their shareholders, rather than investing them productively. Such a strategy, pursued over the long term, inevitably hollows out a business. In the fast-moving semiconductor sector, that vacuum forms at considerable speed and terrifying acceleration. So now, governments in South Korea, the United States, and Taiwan are doing their best to stuff that hole with every dollar they can find.

The best time to plant a tree, it's said, is 20 years ago. The best time to build a next-generation semiconductor foundry is five years ago. Last week, TSMC broke ground on its current-generation fabrication facility in Arizona. It's a start – but won't produce any chips until at least 2024. In the semiconductor industry, even all the money in the world can't instantly transform into productivity. These things take time – and decisions that should have been made years ago.


The 'Silterra tree' will eventually produce luscious fruits in 2 years time and patient Dnex investors will be reaping the golden harvest.

“The outlook of the semiconductor sector is expected to stay bullish with increasing demand continuing up to 2024, which can lead to sustainable positive earnings for Silterra and DNeX.

“This makes the acquisition of Silterra timely and strategically compelling for DNeX. We are confident that our business in the semiconductor market will grow at a strong pace, ” Syed Zainal said.

“We have set a two-year time frame to turn around Silterra and bring the company back to profitability.”


https://www.thestar.com.my/business/business-news/2021/06/08/getting-a-large-share

(DNeX) aim of increasing its stake in Ping Petroleum Ltd by 60% to 90% will enable the group to consolidate Ping’s contribution and exert more control over the company to access proven and probable oil and gas reserves.

https://www.thestar.com.my/business/business-news/2021/06/08/getting-a-large-share

Totally agree with you Faris.

Keep up the good work in checking those despicable specimens. Trevor !

Posted by farisfx54 > Jun 4, 2021 10:31 AM | Report Abuse

MR Trevor777 is protected by the Allmight for his justice ,sesiapa yg spread False berita atau fake brakeout,fake brakes akan kena balasan

Private placement more cost effective, lets strategic investors into DNeX: Syed Zainal

By Ayisy Yusof - June 4, 2021 @ 9:37am


Syed Zainal said DNeX was evaluating its options in terms of which investors would bring the best value, amid reports that major Apple Inc supplier Foxconn Technology Group was among investors keen to buy a stake in it.

Taiwan's Foxconn reportedly was keen and in talks to buy a stake in DNeX, after losing its bid to acquire SilTerra Malaysia Sdn Bhd to DNeX and its consortium partner from China.

Foxconn is the main assembler of Apple's iPhones, with industry observers saying the Taiwanese firm's potential entry in DNeX would help expand SilTerra's business.

"At this juncture, we are evaluating our options in terms of which investors would bring to the table the best value proposition for DNeX," he told the New Straits Times.

Syed Zainal added that the company had yet to engage with any potential strategic partners and investors in relation to the recently-approved private placement, on an indicative issue price of 72 sen per share.


"In the event that any decision is made, we will make the necessary announcement accordingly. We are cognisant of the need for proper dissemination of information to the public and will release announcement on Bursa Malaysia on any material issue on a timely basis as required by the listing requirements."

He said the private placement might be implemented in multiple tranches within six months from the date of approval or any extended period as might be approved by Bursa.

The exercise duration also hinged on the take up rate of the placement shares, he added.

Syed Zainal said collaborating with strategic investors allowed DNeX the opportunity to leapfrog the business with a view that minority shareholders would benefit in the long run.

On why private placement instead of rights issue or other means to raise fresh capital, he said the placement enabled DNeX to raise additional funds without incurring interest costs compared to conventional bank borrowings which might affect its bottom line.

"We expect our gearing to reduce drastically, from 0.14 times as end 2019 to 0.04 post the private placement under a minimum scenario.

"It is also a more efficient and effective means to raise funds from the capital market as opposed to other forms of fund raising such as a rights issue," he added.

Syed Zainal also said DNeX's liquidity would improve with more than 3.8 billion shares issued with the private placement.

DNeX, he said was on a growth trajectory, firing up its engines in terms of business prospects in its core business segments of trade facilitation, system integration and consultancy, energy, telecommunication and technology.

"With a wider share base, it most certainly allows for ample participation in our growth prospects by institutional as well as retail investors."

He said DNeX's net assets per share would likely improve significantly from 0.27 cents as at December 31, 2019 to 0.42 cents post private placement under a maximum scenario.

Syed Zainal said the placement would partially finance the proposed acquisition of SilTerra, while funding its suitable and viable potential businesses or investments as well as its working capital requirements.

https://thekapital.my/foxconn-dalam-perbincangan-beli-saham-dagang-nexchange/

https://www.bloomberg.com/news/articles/2021-05-27/foxconn-is-said-in-talks-to-buy-stake-in-malaysian-chipmaker

Bloomberg- Technology

Foxconn In Talks to Buy Stake in Malaysian Chipmaker DNeX
By Elffie Chew and Yantoultra Ngui

27 May 2021, 13:42 GMT+8 Updated on 27 May 2021, 15:25 GMT+8


iPhone assembler could help expand DNeX’s semiconductor unit
DNeX outbid Taiwan electronics firm for chipmaker SilTerra

Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd., according to people familiar with the matter, after losing to it in bidding for a semiconductor company.

Latest from Bloomberg - Thu, 27 May 2021

Foxconn In Talks to Buy Stake in Malaysian Chipmaker DNeX
------------------------------------------------------------------------
Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd., according to people familiar with the matter, after losing to it in bidding for a semiconductor company.

The main assembler of Apple Inc.’s iPhones could take a minority stake in DNeX and help to expand the business of its chipmaker SilTerra Malaysia Sdn., one of the people said, asking not to be identified as the matter is private. DNeX landed the winning offer in the sale of SilTerra in February, outbidding Foxconn.

Talks are ongoing and could fall apart, and there is no certainty that a deal will materialize, the people said. A representative for DNeX said the company is always open to discussion with strategic partners and investors, but that it cannot comment on any specific discussion. A Foxconn representative declined to comment.

A stake sale would come as the Taiwanese electronics manufacturer, whose primary listed arm is Hon Hai Precision Industry Co., has been growing its footprint in electric vehicles, issuing a steady stream of announcements beginning with the unveiling of its first-ever EV chassis and a software platform in October. Since then the company has struck agreements with Chinese firms Zhejiang Geely Holding Group Co. and Byton Ltd., the U.S.’s Fisker Inc. and European giant Stellantis NV.

DNeX and a Chinese investor won their bid in February to purchase SilTerra from Malaysian sovereign wealth fund Khazanah Nasional Bhd. for 273 million ringgit ($66 million). Hon Hai Chairman Young Liu later told reporters that the company still wanted to secure a partnership with SilTerra.

DNeX has received shareholder approval for a private placement of as much as 30% of its shares, and will use the proceeds to pay for the SilTerra deal as well as other investment, according to a statement on May 20. The Malaysian tech company will acquire 60% of SilTerra, while its partner in the deal, Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center, will buy the remaining 40%.

Established in 1970, DNeX’s businesses include information technology and undersea cables for telecommunications as well as an oil and gas unit, according to its official website.

- Bloomberg

Pimpinan Ehsan buys renewable energy firm for RM373mil
May 24, 2021
------------------------------------------------------------------
KUALA LUMPUR: Pimpinan Ehsan Bhd is acquiring the entire stake in renewable energy company, reNIKOLA Holdings Sdn Bhd, for RM373 million.

Pimpinan Ehsan said it was a cash-rich company without any core business.

In a statement today, the company said it had today entered into a share sale agreement with reNIKOLA, reniKOLA managing director Boumhidi Abdelali and Tengku Zaiton Sultan Abu Bakar for the acquisition.

The acquisition will be satisfied by the issuance of new Pimpinan Ehsan shares at RM1.07 each.


Pimpinan Ehsan executive director Lim Beng Guan said the proposed acquisition provided the company an immediate entry point into the renewable energy industry given the expansive track record and large-scale solar assets.

"It marks a major leap forward in transforming the company into a leading renewable energy provider in the country.

"Upon the completion of the exercise, our focus would be to chart the next phase of growth with a brand-new identity.

"Our goal is to own and operate one gigawatt of renewable energy assets in the foreseeable future," he said.

Lim said to reflect its seriousness and focus, the company had formed a new board of directors comprising industry experts in the fields of energy, financing, as well as environmental, social and governance.

Abdelali said there were a lot of opportunities that the company can capitalise on in the renewable energy sector as it was still in early stages.

"The rising demand for clean energy among the multinational companies, coupled with the rollout of government-backed programmes are set to stimulate growth in the domestic market.

JOINT PRESS STATEMENT / SIARAN AKHBAR
(FOR IMMEDIATE RELEASE)

PIMPINAN EHSAN INKS SHARE SALE AGREEMENT TO ACQUIRE RENEWABLE ENERGY COMPANY, reNIKOLA HOLDINGS, FOR RM373 MILLION

Kuala Lumpur, 24 May 2021 – Main Market-listed Pimpinan Ehsan Berhad (“PEB” or the “Company”) announced it has, today, entered into a conditional share sale agreement (“SSA”) with renewable energy company, reNIKOLA Sdn. Bhd. (“reNIKOLA”), as well as Boumhidi Abdelali (“Adel”) and YAM Tengku Zaiton Ibni Sultan Abu Bakar, for the proposed acquisition of the entire equity interests in reNIKOLA Holdings Sdn. Bhd. (“reNIKOLA Holdings”) for a total purchase consideration of RM373 million (“Purchase Consideration”), to be satisfied by issuance of new ordinary PEB shares at RM1.07 per share (“Proposed Acquisition”).

The SSA is entered into pursuant to the Heads of Agreement inked earlier on 19 February 2021.
reNIKOLA Holdings is proposed to comprise the following wholly-owned companies:-

(i) reNIKOLA (Arau) Sdn. Bhd.;
(ii) reNIKOLA (Gebeng) Sdn. Bhd.;
(iii) reNIKOLA (Pekan) Sdn. Bhd.;
(iv) reNIKOLA Solar Sdn. Bhd.; and
(v) reNIKOLA (BKH) Sdn. Bhd..
(collectively known as the “Acquiree Companies”)

The Purchase Consideration was arrived at on a “willing buyer-willing seller” basis based on the Acquiree Companies’ fair equity value of RM377 million.

KUALA LUMPUR (May 3): Supermax Corp Bhd may see a rebound from its recent pullback after forming a hammer pattern last Friday (April 30), said RHB Retail Research. In a note, the research house said based on high volume, a positive bias may emerge if it moves above the RM6.10 immediate resistance level. "Towards the upside, the immediate resistance is pegged at the RM6.48 level, followed by the RM7.00 mark. "Meanwhile, if the stock breaches below the RM5.65 level, the likely rebound may not occur," it said.

TP of Rm 7.00 by this week.

Mr DIY - Hardware Shop that is valued more than Banks & Casinos

as at today Mr DIY is valued more than :-

1-Genting Brehad,
2-Genting Malaysia Berhad
3-RHB Bank Bhd

Tan Brothers collectively own close to 95 % of the paid up capital of Mr DIY is laughing all the way to the bank.

With a free float of less than 5% - it is easy to push the price up further.

Mr DIY’s market cap had reached RM26.6 billion as at April 26 with TPE ratio (PER) of a whopping 56 times.

A dividend of 0.8 sen (less than 1 sen) is declared.

SPMX- Poised to be the largest OGM player

Supermax is getting there towards being the OGM player with the USA, UK & Europe-which will lead to sustainable long term profitability .

Going forward for glove stocks, a major consideration is which company can successfully transition into an OGM player or Original Government Manufacturer or as long term strategic contracted direct glove suppliers to Governments of developed and developing countries

Supermax is poised to do well because it is already building large factories in US,UK and Canada. In directly supporting the economies in those countries it will gain better favor in both the size and pricing of those long term supply contracts.

This is such important step forward to ensure consistent strong long term sustainable earnings post pandemic stage.

Wells said ToneeFa. on Calvin's sell call on gloves.

Everybody has their rights to put forth their point of view for consideration. Although it can be a bit annoying that those who have sold off earlier and have missed out on the current uptrend are making the most noise and scraping the bottom of barrel to come up with some arguments against the glove stocks as if their arguments can suddenly reverse the trend to match their belief that glove bull run has ended. If really that happens then it would pacify their ego and redeem their earlier decision to sell off.

However, if the uptrend keeps going up and turn into a super bull for glove, then they will be having endless sleepless nights regretting and worst still to swallow their highly guarded pride.

Wells said ToneeFa. on Calvin's sell call on gloves.

Everybody has their rights to put forth their point of view for consideration. Although it can be a bit annoying that those who have sold off earlier and have missed out on the current uptrend are making the most noise and scraping the bottom of barrel to come up with some arguments against the glove stocks as if their arguments can suddenly reverse the trend to match their belief that glove bull run has ended. If really that happens then it would pacify their ego and redeem their earlier decision to sell off.

However, if the uptrend keeps going up and turn into a super bull for glove, then they will be having endless sleepless nights regretting and worst still to swallow their highly guarded pride.

Wells said ToneeFa. on Calvin's sell call on gloves.

Everybody has their rights to put forth their point of view for consideration. Although it can be a bit annoying that those who have sold off earlier and have missed out on the current uptrend are making the most noise and scraping the bottom of barrel to come up with some arguments against the glove stocks as if their arguments can suddenly reverse the trend to match their belief that glove bull run has ended. If really that happens then it would pacify their ego and redeem their earlier decision to sell off.

However, if the uptrend keeps going up and turn into a super bull for glove, then they will be having endless sleepless nights regretting and worst still to swallow their highly guarded pride.

Wells said ToneeFa. on Calvin's sell call on gloves.

Everybody has their rights to put forth their point of view for consideration. Although it can be a bit annoying that those who have sold off earlier and have missed out on the current uptrend are making the most noise and scraping the bottom of barrel to come up with some arguments against the glove stocks as if their arguments can suddenly reverse the trend to match their belief that glove bull run has ended. If really that happens then it would pacify their ego and redeem their earlier decision to sell off.

However, if the uptrend keeps going up and turn into a super bull for glove, then they will be having endless sleepless nights regretting and worst still to swallow their highly guarded pride.

Wells said ToneeFa. on Calvin's sell call on gloves.

Everybody has their rights to put forth their point of view for consideration. Although it can be a bit annoying that those who have sold off earlier and have missed out on the current uptrend are making the most noise and scraping the bottom of barrel to come up with some arguments against the glove stocks as if their arguments can suddenly reverse the trend to match their belief that glove bull run has ended. If really that happens then it would pacify their ego and redeem their earlier decision to sell off.

However, if the uptrend keeps going up and turn into a super bull for glove, then they will be having endless sleepless nights regretting and worst still to swallow their highly guarded pride.

Wells said ToneeFa. on Calvin's sell call on gloves.

Everybody has their rights to put forth their point of view for consideration. Although it can be a bit annoying that those who have sold off earlier and have missed out on the current uptrend are making the most noise and scraping the bottom of barrel to come up with some arguments against the glove stocks as if their arguments can suddenly reverse the trend to match their belief that glove bull run has ended. If really that happens then it would pacify their ego and redeem their earlier decision to sell off.

However, if the uptrend keeps going up and turn into a super bull for glove, then they will be having endless sleepless nights regretting and worst still to swallow their highly guarded pride.

@samflyer- fully agree with you.

The third wave of COVID is a serious one, mutations are unstoppable for now. You like it or not, it will take a longer time for COVID to be completely controlled because at the current state of global vaccination, it will take at least another 2 years for everyone to be vaccinated.

The demand for glove will always be there, whether the share price sustains or not, another question but the prices are reflective of the current and foreseeable earnings for the next 2 years. All these rubbish about gloves selling price is reducing is all bullshit and for personal interest. Only worry if you are a contra player if not, no need to listen to the noises around you. Make your own judgement and invest safely.

Remember, there are no saints in the market.

Posted by ProsperousRealm- the sicko stockraider shorted gloves and is now in panic mode.

Yep just make guys like stockraider & calvintan work for you. Just ride them like your workhorses.

If they manage to drag price down with their non-stop dissing, then you grab the chance to buy at cheap. Let them do the dirty hard work for you.

shortinvestor77 - The sicko stockraider shorted gloves and is now in panic mode.

No shares don't need to be jealous like KYY here. Kossan has the gloves ordered till at least the end of year 2021. Getting more order for year 2022.

Mutation of viruses are not going to end like that (Look at India and it is spreading to the whole world).

Premium gloves are like Mercedes price cannot compare to Proton which is like a substandard glove.

Donkluiopu1 - Fully agree- this sicko stockraider shorted gloves and is now in panic mode.

1utama got soo many empty parking on sunday.
Why soo stoctraider?
Still with your smart prediction SELL YOUR GLOVES STOCK

TOMORROW YOU GET SHOCK OF YOUR LIFE SEING JUMP RM1.00
AND i know uncle will beg me to be his sifu.

New MCO? The Gov’t has little choice, new infection cases alarming

Author: savemalaysia | Publish date: Sun, 2 May 2021

AMID speculation that the Government may impose a third movement control order (MCO), a public health expert said the authorities have little choice on the matter following a spike in COVID-19 cases.

“The way I see it, the Government can impose a full MCO in the Klang Valley. Within a month, the number of COVID-19 cases will drop sharply.

New MCO? The Gov’t has little choice, new infection cases alarming

Author: savemalaysia | Publish date: Sun, 2 May 2021, 2:38 PM

AMID speculation that the Government may impose a third movement control order (MCO), a public health expert said the authorities have little choice on the matter following a spike in COVID-19 cases.

“The way I see it, the Government can impose a full MCO in the Klang Valley. Within a month, the number of COVID-19 cases will drop sharply.

New MCO? The Gov’t has little choice, new infection cases alarming

Author: savemalaysia | Publish date: Sun, 2 May 2021, 2:38 PM

AMID speculation that the Government may impose a third movement control order (MCO), a public health expert said the authorities have little choice on the matter following a spike in COVID-19 cases.

“The way I see it, the Government can impose a full MCO in the Klang Valley. Within a month, the number of COVID-19 cases will drop sharply.

New MCO? The Gov’t has little choice, new infection cases alarming

Author: savemalaysia | Publish date: Sun, 2 May 2021, 2:38 PM

AMID speculation that the Government may impose a third movement control order (MCO), a public health expert said the authorities have little choice on the matter following a spike in COVID-19 cases.

“The way I see it, the Government can impose a full MCO in the Klang Valley. Within a month, the number of COVID-19 cases will drop sharply.

https://www.thestar.com.my/news/nation/2021/05/02/indias-double-mutant-covid-19-strain-detected-in-malaysia

https://www.thestar.com.my/news/nation/2021/05/02/indias-double-mutant-covid-19-strain-detected-in-malaysia

India’s ‘double mutant’ Covid-19 strain detected in Malaysia.

Take care folks- this variant is highly virulent.

https://www.thestar.com.my/news/nation/2021/05/02/indias-double-mutant-covid-19-strain-detected-in-malaysia

Well said Mr Seow.

Posted by pjseow > May 2, 2021 11:55 AM | Report Abuse

It takes years to build your own brand. You must have good quality, right pricings , good assurance of supply and good relationships with customers. Supermx had started OBM more than 10 years ago and now started to reap the real benefits from the OBM + Own.Distribution Channels in.8 countries . The dual income streams from both mfg and distribution has enabled supermx to grow its earning to more than 30 x yoy. In longer term., with its established brand name and.efficient distribution channels in 8 countries, supermx can also buy.from the smaller glove makers like careplus, Mahsing , Comfort etc to distribute under supermx brand name to its supermx customers when these smaller glove makers had some excess capacities in.the next few years.

MC0-3

https://www.chinapress.com.my/20210502/雪隆槟柔砂-料明起重启两周mco/

@ Toneefa- interesting comment.

Supermax is getting there towards being the OGM player with the USA, UK & Europe-which will lead to sustainable long term profitability .

Going forward for glove stocks, a major consideration is which company can successfully transition into an OGM player or Original Government Manufacturer or as long term strategic contracted direct glove suppliers to Governments of developed and developing countries Of all the Malaysian glove players , probably Supermax and Carepls are seen as the better bet at this time. Supermax has Maxter and Carepls has Ansell as their established distributorship front. The rest are still OEM based. This is likely manifested in yesterday price movement where Carepls and Supermax shot up against the general stagnant glove prices.

Between the two, Supermax is probably in a better position to do better bcos it is oredi building large factories in US,UK and Canada. In directly supporting the economies in those countries it will gain better favor in both the size and pricing of those long term supply contracts. This is such important step forward to ensure consistent strong earnings during the post pandemic stage.

One very important aspect of being an OGM player is that they must be able to commit to deliver the quantity needed during a pandemic emergency in a short time frame for that particular country as stated in the contract even if it means locking out supplies to other customers. Otherwise they can be sued.

Bazaars, schools to close, no dine in under MCO3, say sources.
--------------------------------------------------------------
NATION
Sunday, 02 May 2021

PETALING JAYA: The movement control order will be reviewed, especially in states where there has been a surge in the number of Covid-19 infections, says Prime Minister Tan Sri Muhyiddin Yassin.

This re-evaluation is necessary to curb the increasing spread of the virus which is happening not only in Malaysia, but also globally, he said.

https://www.thestar.com.my/news/nation/2021/05/02/pm-mco-to-be-reviewed

Posted by Agjl > May 1, 2021 8:48 PM | Report Abuse

@Tantoro-
Stockraider, your sifu must be so hai lou that he didn't tell you that the top 4 glove maker are cash rich , their new expansion capacity are 0 loan and fully automation, any over supply or glove gluts can easily switch off by pressing the button switch off so no issue or extra cost
Extra cash can put in banks for interest return
Bottom line the top 4 still profitable with or without convid after years of bombastic PAT
Dog like you where got brain only human like us got
You must be stu xpid ity to the max

stockraider My sifu told me in economics...if u keep the product prices too high & u continue make super profit....eventually u attract many many more players & competitors...and this will cause the ASP to drop very fast...and eventually it will cause a huge gluts in the industry as all the players are unable to stop or reduce production, bcos of committed fixed or sunked cost loh!

Thus longer run business prospect will be a disaster...they will be shake out loh!

01/05/2021 2:40 PM

Hi bro, ask him what happen to his Insas...??? So undervalued that he keep posting long pages..
What is insas price now bro stockraider??? Wakakakak

Well said Dr Ken


drken91 my sifu told me in virology...

Viruses mutate constantly :

https://health.clevelandclinic.org/what-does-it-mean-that-the-coronavi...

A variant found in at least 17 countries :

https://www.nst.com.my/world/world/2021/04/686024/who-indian-covid-var...

To those who think vaccine = recovery, you can't be that naive.

As of today (after 2 months ) only 1.7% of Malaysia's population has been fully vaccinated, and we need at least 80% of the population to achieve herd immunity. Even with the vaccine, it does not guarantee complete immunity to covid-19. And assuming it takes 1 month to achieve 1% of coverage, you'll need at least 80 months and that is not including the statistics of the masses who reject the vaccine.

What Brazil and India have in common, is that they both get vaccines - but their vaccination policy and program is half-arse. Therefore the virus has chance to mutate, & that's for you simpletons who can't grasp how familiar the situation is right now.

The worst is yet to come.

Is it any wonder why these stocks are losing its steam :
https://www.bloomberg.com/news/articles/2021-04-30/stocks-that-soared-...

It's not wishing for bad things to happen, but as a person who works in healthcare, I'd like to advise everyone not to rest just yet.

Supply glut or not, it may be necessary to defend against an invisible enemy that continues to mutate and evolve. The glut in covid-19, is something to ponder upon as well. It's a pandemic like no other.

Until a majority is inoculated, some form of a lockdown is needed

Author: savemalaysia | Publish date: Sat, 1 May 2021

WHILE many are hurling brickbats against the Government on speculation that a new movement control order (MCO) may be imposed soon, Parti Sosialis Malaysia (PSM) has a different take on the matter.

“In my view, as long as a majority of our population is not vaccinated, we need some form of a MCO to keep the pandemic at bay. We don’t need to be rocket scientist to figure that one out,” its chairperson Dr Jeyakumar Devaraj told FocusM.

Malaysia has been reporting four-digit COVID-19 cases since the start of the Emergency back in February, with most of the cases coming from the Klang Valley.

Yesterday, the nation reported over 3,000 new infection cases, alarming health officials both in the public and private sectors.

Association of Private Hospitals Malaysia had said that the private hospitals are getting overwhelmed with COVID-19 cases, as they lacked beds and ICU facilities to accommodate patients, with the limited availability of specialists and nurses compounding to the problem.

For now, Kelantan and five of 12 districts in Kedah are under MCO. Generally, MCO bars inter-district travel, social or religious events and mandates school closures.

Touching on the matter, Jeyakumar said that the Government should provide targetted assistance to the underserved, should they impose a new MCO soon.

Kyy also said this-

I have written more than 10 articles on Supermax. As a result, many of my readers would have bought and sold to make a lot of money. But if they did not sell earlier, depending on their average purchase price, they may be losing money on paper because it has been dropping from Rm 10.70 on 19 Oct to close at Rm 4.84. It has dropped more than 50% in the last 4 months as show on the chart above.

The losers must be cursing me for apparently misleading them. I want to reassure them that I wrote my articles with good and honest intention. I have no reason to ask them to buy to support the share price because the daily volume traded is tens of million shares and whether they buy or sell would not make much difference to the share price.

As a co-founder of Rubberex, I was told that the demand for glove is still surging due to Covid 19 pandemic despite massive vaccination. Moreover, many more medical workers are wearing glove to do the injection for safety. Additional gloves are required.

In fact, Professor Peter Piot of London Medical College said that at least 70% of the population in the world must be vaccinated to prevent the spread of the coronavirus. It will take a long time to produce enough of Vaccine to vaccinate 70% of the world population of 7.6 billion people. Currently only the rich nations can afford to buy vaccine to vaccinate their citizens. Unfortunately, there are many more poor nations who cannot afford to buy the vaccine.

Professor Peter Piot and many scientists predicted the Covid 19 pandemic will continue for another 4 or 5 years. Based on this fact, the demand for gloves should continue to surge for a long time and all glove makers can easily increase their selling prices to make more and more profit which should be reflected on their share prices.

This morning, I spoke to Mr Ken Cheang, CEO of Comfort Gloves to ask him if he could sell some gloves to an old friend who is a trader. He said that all his production is already presold for the whole year. If my friend wants to place an order, he can only supply in 2022 but he cannot fix the selling price now as the selling price is increasing constantly due to the surge in demand for gloves.

For no logical reason, all the glove stocks have been dropping in the last 4 months while the companies are making more and more profit. It is so ridiculous and defies investment logic.

Supermax first quarter ending Sept EPS 30.58 sen and 2nd quarter ending Dec 41.14 sen, totalling 71.72 sen for half year. Assuming each of the 3rd and 4th quarter EPS is 40.14 sen, its annual EPS will be Rm 1.54 per share.

Based on PE 10, my target price is Rm 15.40 which is easily achievable.

Supermax cannot continue to drop for whatever reason. Sooner or later, it must rebound. It will shoot up very rapidly to reach my target price.

My last advice is to get ready to buy back at cheaper prices. Even if you buy at current price level, you should not be afraid because the down side risk is minimum.

drken91 my sifu told me in virology...

Viruses mutate constantly :

https://health.clevelandclinic.org/what-does-it-mean-that-the-coronavi...

A variant found in at least 17 countries :

https://www.nst.com.my/world/world/2021/04/686024/who-indian-covid-var...

To those who think vaccine = recovery, you can't be that naive.

As of today (after 2 months ) only 1.7% of Malaysia's population has been fully vaccinated, and we need at least 80% of the population to achieve herd immunity. Even with the vaccine, it does not guarantee complete immunity to covid-19. And assuming it takes 1 month to achieve 1% of coverage, you'll need at least 80 months and that is not including the statistics of the masses who reject the vaccine.

What Brazil and India have in common, is that they both get vaccines - but their vaccination policy and program is half-arse. Therefore the virus has chance to mutate, & that's for you simpletons who can't grasp how familiar the situation is right now.

The worst is yet to come.

Is it any wonder why these stocks are losing its steam :
https://www.bloomberg.com/news/articles/2021-04-30/stocks-that-soared-...

It's not wishing for bad things to happen, but as a person who works in healthcare, I'd like to advise everyone not to rest just yet.

Supply glut or not, it may be necessary to defend against an invisible enemy that continues to mutate and evolve. The glut in covid-19, is something to ponder upon as well. It's a pandemic like no other.

Well said Dr Ken


drken91 my sifu told me in virology...

Viruses mutate constantly :

https://health.clevelandclinic.org/what-does-it-mean-that-the-coronavi...

A variant found in at least 17 countries :

https://www.nst.com.my/world/world/2021/04/686024/who-indian-covid-var...

To those who think vaccine = recovery, you can't be that naive.

As of today (after 2 months ) only 1.7% of Malaysia's population has been fully vaccinated, and we need at least 80% of the population to achieve herd immunity. Even with the vaccine, it does not guarantee complete immunity to covid-19. And assuming it takes 1 month to achieve 1% of coverage, you'll need at least 80 months and that is not including the statistics of the masses who reject the vaccine.

What Brazil and India have in common, is that they both get vaccines - but their vaccination policy and program is half-arse. Therefore the virus has chance to mutate, & that's for you simpletons who can't grasp how familiar the situation is right now.

The worst is yet to come.

Is it any wonder why these stocks are losing its steam :
https://www.bloomberg.com/news/articles/2021-04-30/stocks-that-soared-...

It's not wishing for bad things to happen, but as a person who works in healthcare, I'd like to advise everyone not to rest just yet.

Supply glut or not, it may be necessary to defend against an invisible enemy that continues to mutate and evolve. The glut in covid-19, is something to ponder upon as well. It's a pandemic like no other.

Mr DIY - Hardware Shop that is valued more than Banks & Casinos

as at today Mr DIY is valued more than :-

1-Genting Brehad,
2-Genting Malaysia Berhad
3-RHB Bank Bhd

Tan Brothers collectively own close to 95 % of the paid up capital of Mr DIY is laughing all the way to the bank.

With a free float of less than 5% - it is easy to push the price up further.

Mr DIY’s market cap had reached RM26.6 billion as at April 26 with TPE ratio (PER) of a whopping 56 times.

A dividend of 0.8 sen (less than 1 sen) is declared.

Ministers or politicians who think the worst is over and this year will be the end of Coronavirus pandemic are either naive or clueless about science. The worst part is when some high-ranking officials of Ministry of Health help an incompetent government to hide and manipulate data of Covid-19 cases for selfish political or personal gains.

If you ask a doctor, any types of medical doctors, they will quietly tell you that the pandemic is here for another 2 years, if we’re lucky. That’s the most optimistic view. On the other hand, a scientist or virologist or even Moderna CEO will tell you that the world will have to live with Covid-19 forever. The pandemic may fade, but the virus will never be eliminated.


http://www.financetwitter.com/2021/04/beware-of-indian-double-mutant-covid-variant-israel-found-indian-strain-even-among-people-already-vaccinated.html

Beware Of Indian “Double Mutant” Covid Variant – Israel Found Indian Strain Even Among People Already Vaccinated
-------------------------------------------------------
April 30th, 2021 by financetwitter

Ministers or politicians who think the worst is over and this year will be the end of Coronavirus pandemic are either naive or clueless about science. The worst part is when some high-ranking officials of Ministry of Health help an incompetent government to hide and manipulate data of Covid-19 cases for selfish political or personal gains.

If you ask a doctor, any types of medical doctors, they will quietly tell you that the pandemic is here for another 2 years, if we’re lucky. That’s the most optimistic view. On the other hand, a scientist or virologist or even Moderna CEO will tell you that the world will have to live with Covid-19 forever. The pandemic may fade, but the virus will never be eliminated.

http://www.financetwitter.com/2021/04/beware-of-indian-double-mutant-covid-variant-israel-found-indian-strain-even-among-people-already-vaccinated.html

Latest

Proposal for the MCO to be imposed in Selangor, Kuala Lumpur, Penang, Johor, Kedah and Sarawak had been submitted.
-----------------------------------------------------------
https://www.nst.com.my/news/nation/2021/05/686862/call-mco-red-zone-states-curb-spread-covid-19

Proposal for the MCO to be imposed in Selangor, Kuala Lumpur, Penang, Johor, Kedah and Sarawak had been submitted.
-----------------------------------------------------------
https://www.nst.com.my/news/nation/2021/05/686862/call-mco-red-zone-states-curb-spread-covid-19

https://www.nst.com.my/news/nation/2021/05/686862/call-mco-red-zone-states-curb-spread-covid-19

Proposal for the MCO to be imposed in Selangor, Kuala Lumpur, Penang, Johor, Kedah and Sarawak had been submitted.
-----------------------------------------------------------
https://www.nst.com.my/news/nation/2021/05/686862/call-mco-red-zone-states-curb-spread-covid-19