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Stock

2021-03-04 08:36 | Report Abuse

https://www.rte.ie/news/2021/0227/1199793-life-after-vaccines/

Life after vaccines: When will it return to normal?

"It's unclear to me what an end to this pandemic will look like," said Dr Kim Roberts, a virologist at Trinity College in Dublin.

"It would take a huge global effort to eliminate SARS Covid 2.

"Whether it's even possible to eliminate this virus is hotly debated because of how it is mutating

The reason control measures will remain in place beyond vaccines is because Covid-19 jabs alone are unlikely to be sufficient to achieve herd immunity.

Demand and ASP for Gloves to surge for at least another year- and stabilise thereafter.

News & Blogs

2021-03-04 08:31 | Report Abuse

https://www.rte.ie/news/2021/0227/1199793-life-after-vaccines/

Life after vaccines: When will it return to normal?

"It's unclear to me what an end to this pandemic will look like," said Dr Kim Roberts, a virologist at Trinity College in Dublin. "It would take a huge global effort to eliminate SARS Covid 2.

"Whether it's even possible to eliminate this virus is hotly debated because of how it is mutating

The reason control measures will remain in place beyond vaccines is because Covid-19 jabs alone are unlikely to be sufficient to achieve herd immunity.

Gloves are selling at a heavily discounted rate of 60% and deeply undervalued- ASP & demand expected to surge for at least another before stabilizing.

Stock

2021-03-03 22:55 | Report Abuse

Netanyahu- The worst scenario is that we have to vaccinate every half year."
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"The vaccines we have, no one knows how long they last...We need to prepare for the worst scenario. The worst scenario is that we have to vaccinate every half year."

That would mean as many as 36 million doses in the coming year, if all 9 million Israelis require two doses every six months, he said.

Israel preparing for the worst scenario.

Stock

2021-03-03 22:54 | Report Abuse

CHANGE OF NAME OF SUBSIDIARY
---------------------------------------
DNeX wishes to announce that its indirect wholly owned subsidiary, DNEX CLEAN UTILITIES SDN. BHD. has changed its name to DNEX SEMICONDUCTOR SDN. BHD. effective 3 March 2021.

This announcement is dated 3 March 2021.

The acquisition of SilTerra will be formalised soon and a name change to Dnex Semiconductor SB- A Pure Semiconductor company JV with China BGP.

A signing ceremony to seal the deal will be held soon.

Hallelujah !

Stock

2021-03-03 21:47 | Report Abuse

Keep on bragging till the cows come home- pathetic clowns !

Posted by investmalaysia8 > Mar 3, 2021 9:44 PM | Report Abuse

@maktw1964, wow two months 100million profit from gloves? I think JP Morgan and didn’t earn that much from gloves this year. I guess you’re the one blowing cow. Why not you come to my office and I show you my company’s trading account and you show me yours. Deal?

Stock

2021-03-03 20:38 | Report Abuse

The Pandemic Will Never End in USA- Here 's why-
===================================
Texas, Mississippi to End Mask Mandates, Ease COVID Rules Despite Warnings

Paul J. Weber and Tammy Webber • Published March 2, 2021 • Updated on March 2

The numbers are still running at alarmingly high levels, with an average of about 2,000 deaths and 68,000 cases per day

Director of the Centers for Disease Control and Prevention Rochelle Walensky says she is concerned about the leveling off in recent declines of COVID-19 cases across the country.
Texas on Tuesday became the biggest state to lift its mask rule, joining a rapidly growing movement by governors and other leaders across the U.S. to loosen COVID-19 restrictions despite pleas from health officials not to let their guard down yet.

The Lone Star State will also do away with limits on the number of diners who can be served indoors, said Republican Gov. Greg Abbott, who made the announcement at a restaurant in Lubbock.

“Removing statewide mandates does not end personal responsibility,” said Abbott, speaking from a crowded dining room where many of those surrounding him were not wearing masks. “It’s just that now state mandates are no longer needed."

The governors of Michigan, Mississippi and Louisiana likewise eased up on bars, restaurants and other businesses Tuesday, as did the mayor of San Francisco.

Stock

2021-03-03 19:50 | Report Abuse

Genting Malaysia cuts pay again as Covid shuts local casino

CORPORATE NEWS
Wednesday, 03 Mar 2021

Genting Malaysia is asking some employees to agree to a temporary reduction of 15% or 20% in basic salary based on their ranks.

KUALA LUMPUR: Casino-to-hospitality giant Genting Malaysia Bhd. is planning another round of salary cuts as it seeks to slash costs amid the prolonged coronavirus pandemic.
Genting Malaysia, a unit of conglomerate Genting Bhd. that’s controlled by Malaysian tycoon Tan Sri Lim Kok Thay, is asking some employees to agree to a temporary reduction of 15% or 20% in basic salary based on their ranks, according to an internal memo dated March 1 seen by Bloomberg News. Some workers are being asked to take one day a week of no pay leave.

Stock

2021-03-03 19:30 | Report Abuse

Wed, 3 Mar 2021


January PPE Shortage Index: Increased Need, Prices Remain High

Get Us PPE’s January PPE Shortage Index shows healthcare workers still lack adequate personal protective equipment (PPE) like N95 masks, nitrile gloves, and disinfectant wipes. The need is such that healthcare workers are still reusing N95 masks and gloves, putting their lives and their patients’ lives at risk. Additionally, new data on PPE prices shows the price of N95 masks and nitrile gloves has shot up since the pandemic.

PPE Shortages Continue in Hospitals and Non-Hospital Facilities

Get Us PPE saw a 48% increase in PPE requests between December 2020 and this past January. Only 14% of PPE requests came from hospitals. Requests for PPE from other facilities remain alarmingly high, at 86% of our total requests.

Nitrile Gloves’ Price Hikes

The average price of a pair of nitrile gloves has also increased up to 600%.

January Shortage Index Key Takeaways

Requests for PPE increased by 48% between December 2020 and January 2021.
Out of facilities in need of N95s in January, 86% reported they reuse N95s, often for a week or more. 82% of facilities in need of nitrile gloves were forced to reuse gloves because of shortages.
Price gouging of PPE remains an issue. The average cost for a single N95 mask before the pandemic was $0.40. Now it is $4-7. The average cost for a pair of nitrile gloves before the pandemic was $0.05. Now it is $0.30-0.40 — a 600% price increase.
Our data shows that a wide range of frontline facilities across many sectors urgently need PPE, but the previous administration collected data only on PPE needs in hospitals and long-term care facilities.
The index also contains a new version of a map that was included in the Biden Administration’s National Strategy for the COVID-19 Response and Pandemic Preparedness.

Stock

2021-03-03 18:08 | Report Abuse

Some naysayers jumping SHIP and becoming fans of SUPERMAX except for a few hardcore ones.

Todays improved sentiment is largely due to IBs short covering their short position in anticipation of record TG Profit After Tax and massive dividends to be declared. The Quarterly results be released next Tuesday ie.the 9th March. Time is not on their side.

The WHLOE Glove sector will be given a big boost.

Gloves are at RIDICULOUSLY low and the only way is UP.

Just imagine Super's 3 years PAT will match its current market value of RM11 billion.

What does its say?

SUPERMAX is the MOST undervalued stock in BURSA. !

Stock

2021-03-03 14:57 | Report Abuse

Congrats bro- keep supporting Supermax

Stock

2021-03-03 14:43 | Report Abuse

Its better we let Karma take its course on individuals /Naysayers/IBs who conned & manipulated investors.

Stock

2021-03-03 14:39 | Report Abuse

Yup, need to stabilise at around RM7-00 by June to stay in the CI index.

Posted by chief999 > Mar 3, 2021 2:35 PM | Report Abuse

Now until June, must up to RM18b to save from kena replaced by Mr DIY in KLCI.... :)

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2021-03-03 14:11 | Report Abuse

Indeed Taipan, really pity those investors who panicked and sold. The RSS and forced selling by IBs ( margin financing ) really spooked them.

Stock

2021-03-03 13:37 | Report Abuse

Recovery stocks recovering it seems- its more of survival.

Highlight
Genting Malaysia’s senior management takes temporary voluntary 20% salary cut, asks staff to consider variation in employment contract based on rank
Joyce Goh

theedgemarkets.com

March 03, 2021 10:07 am +08

Stock

2021-03-03 13:18 | Report Abuse

Clowns after clowns appearing to offer their advise to sell- the saviour it seems - absolute clowns.

Stock

2021-03-03 13:14 | Report Abuse

Fully agree with you Charles- apparently yesterday the IB sold off all his Supermax- hence the drastic fall to RM4.02. The poor chap got roasted.

Posted by CharlesT > Mar 3, 2021 12:54 PM | Report Abuse

Only retards will believe he sold his shares 3 weeks ago ..lol

Kena forced sell 99 last few days n suffer huge loss...but no face to tell only

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2021-03-03 12:34 | Report Abuse

Hope the SHORTIES get massacred- so to speak.

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2021-03-03 12:32 | Report Abuse

Spot on @dagnarus- you're brilliant !

Posted by dagnarus > Mar 3, 2021 12:30 PM | Report Abuse

Come on la. Its so obvious price has been pushed down big time. You know i know we know that even if vaccine is successful, covid-19 is here to stay, and until 2022 the glove demand will not relent. After that, who knows what kind of plague are going to descend on earth. The sooner people realize this the sooner the price will go up

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2021-03-03 12:25 | Report Abuse

Todays improved sentiment may see DS Stanley supporting Supermax via SBB, which I feel is a wise move. I feel Super has hit the bottom yesterday.

The gradual uptrend for Supermax is highly likely.

Just imagine Super's 3 years PAT will match its current market value of RM11 billion.

What does its say?

BLOODY UNDERVALUED

Stock

2021-03-03 11:35 | Report Abuse

1.5 million Supermax shares cleared at RM4.50 in 2 seconds- Amazing buying power. !

Stock

2021-03-03 11:33 | Report Abuse

Todays improved sentiment may see DS Stanley supporting Supermax via SBB, which I feel is a wise move. I feel Super has hit the bottom yesterday.

The gradual uptrend for Supermax is highly likely.

Just imagine Super's 3 years PAT will match its current market value of RM11 billion.

What does its say?

Stock

2021-03-03 11:31 | Report Abuse

Very good chance Bro Pak Tua

Posted by paktua73 > Mar 3, 2021 11:29 AM | Report Abuse

if this week can hit 4.80..
then..
can see back rm5 on end of tunnel..

tut tut
let see on this friday

Stock

2021-03-03 11:23 | Report Abuse

Latest News

Link copied
Global coronavirus cases rise for the first time in almost two months, WHO says

The growing reach of new coronavirus variants and premature moves to lift public health restrictions are contributing to a global rise in new coronavirus infections, the World Health Organization warned this week. The surge in new cases follows nearly two consecutive months of decline and could undermine efforts to tame the pandemic through vaccines.

Stock

2021-03-03 11:10 | Report Abuse

Posted by chkhooju > Mar 3, 2021 11:02 AM | Report Abuse

I3ryan, you are spot on especially on your PAT basis. These nonsensical naysayers are are bigots. They are trying to mislead investors. If we believe that glove stocks are good investments, we just stay put. Just ignore those people with very low investment sense

@ chkhooju- you are a wise man indeed.

Supermax's 3 years PAT will exceed its current market cap of RM11 billion
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Supermax, plan is to expand its nitrile glove production capacity to 28.5725 billion pieces by the end of this year, and to 40.5725 billion pieces by the end of 2022. As the company operates based on an OBM sales model and as it partners with government agencies in some of its major target markets, I have assumed utilization rate of 90%. According to analysts' projections, the consensus profit margin for this calendar year is going to be approximately 50%, for 2022 - 35%. For these two calendar years, the net should be:

CY2021 = RM4.98 billion (PV @ 7% WACC = RM4.654 billion)

CY2022 = RM2.997 billion (PV @ 7% WACC = RM2.618 billion)

Total for the two years = RM7.272 billion, or RM2.67 per share.

In other words, the cash on hand + the profit for this and the next calendar year, contains 94.3% of the entire current market value of the company.

The company must make close to no profit for its entire subsequent history for the current market valuation to make sense.

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2021-03-03 10:57 | Report Abuse

@ValueInvestor888


Tech stocks and other high flying recovery stocks will face same fate as glove stocks. Now is price to dream ratio as they will face ASP, oversupply issue and competition soon whereas glove stocks value has emerged. Most tech stocks are selling at 80 - 120 PE- CRAZY

Tesla has dropped fr USD 880 to 686, a drop of about 30%

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2021-03-03 10:46 | Report Abuse

You are absolutely spot on - CRAZY price due to panic selling.

Posted by ValueInvestor888 > Mar 3, 2021 10:37 AM | Report Abuse

Price should be bottom yesterday at around RM 4.10. 3 Years PAT of about RM 10 billion vs current mkt cap of RM 11b at share price RM 4.20.... This is a crazy price due to panic sales...

Stock

2021-03-03 10:40 | Report Abuse

Supermax's 3 years PAT will exceed its current market cap of RM11 billion
--------------------------------------------------------------------------

Supermax, plan is to expand its nitrile glove production capacity to 28.5725 billion pieces by the end of this year, and to 40.5725 billion pieces by the end of 2022. As the company operates based on an OBM sales model and as it partners with government agencies in some of its major target markets, I have assumed utilization rate of 90%. According to analysts' projections, the consensus profit margin for this calendar year is going to be approximately 50%, for 2022 - 35%. For these two calendar years, the net should be:

CY2021 = RM4.98 billion (PV @ 7% WACC = RM4.654 billion)

CY2022 = RM2.997 billion (PV @ 7% WACC = RM2.618 billion)

Total for the two years = RM7.272 billion, or RM2.67 per share.

In other words, the cash on hand + the profit for this and the next calendar year, contains 94.3% of the entire current market value of the company.

The company must make close to no profit for its entire subsequent history for the current market valuation to make sense.

=============================================

Posted by l3ryan > Mar 3, 2021 10:31 AM | Report Abuse

3 years PAT of 11 billion? what does it say? it says its time for you to stop talking nonsense to mislead

Stock

2021-03-03 10:17 | Report Abuse

Todays improved sentiment may see DS Stanley supporting Supermax via SBB, which I feel is a wise move. I feel Super has hit the bottom yesterday.

The gradual uptrend for Supermax is highly likely.

Just imagine Super's 3 years PAT will match its current market value of RM11 billion.

What does its say?

Stock

2021-03-03 08:53 | Report Abuse

Where did all the funds go?

In fact, it is not difficult to guess, everyone must buy "recovery stocks." In fact, simply think about it. How long does it take for recovery stocks to recover? And how much has the stock price risen from the low point? When their performance continues to see red, the market will continue to comfort itself, the next quarter will be better, and the stock price will continue to rise. As for the so-called glove stocks that continue to issue promising results, the market will think that "it shouldn't be better for long," but the stock price has actually fallen by half. Watch from here, which one do you think is safer?

Stock

2021-03-03 08:37 | Report Abuse

Supermax's 3 years PAT will exceed its current market cap of RM11 billion
--------------------------------------------------------------------------

Supermax, plan is to expand its nitrile glove production capacity to 28.5725 billion pieces by the end of this year, and to 40.5725 billion pieces by the end of 2022. As the company operates based on an OBM sales model and as it partners with government agencies in some of its major target markets, I have assumed utilization rate of 90%. According to analysts' projections, the consensus profit margin for this calendar year is going to be approximately 50%, for 2022 - 35%. For these two calendar years, the net should be:

CY2021 = RM4.98 billion (PV @ 7% WACC = RM4.654 billion)

CY2022 = RM2.997 billion (PV @ 7% WACC = RM2.618 billion)

Total for the two years = RM7.272 billion, or RM2.67 per share.

In other words, the cash on hand + the profit for this and the next calendar year, contains 94.3% of the entire current market value of the company.

The company must make close to no profit for its entire subsequent history for the current market valuation to make sense.

Stock

2021-03-03 08:24 | Report Abuse

https://www.washingtonpost.com/nation/2021/03/02/coronavirus-covid-live-updates-us/

Global coronavirus numbers edging back up after weeks of decline, says WHO

The global number of new coronavirus cases rose for the first time in nearly two months, the World Health Organization said Monday, blaming the surge in infections on circulating variants and premature efforts to lift public health restrictions. Cases over the past week jumped in every region except for Africa and the Western Pacific, the U.N. agency said, after declining for six weeks straight. In the United States, a steady drop in new cases last month also appeared to be leveling off and there are fears it could reverse course amid yet another wave of infections.

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2021-03-02 21:26 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3135251

The Board of Directors- Top Glove wishes to inform that the Company will be releasing its second quarter financial results for the period ended 28 February 2021 on Tuesday, 9 March 2021.

This announcement is dated 2 March 2021.

Stock

2021-03-02 20:46 | Report Abuse

Inter-state travel - Ismail Sabri
-------------------------------

KUALA LUMPUR, Mar 2 — Senior Defence Minister Datuk Seri Ismail Sabri said today the Ministry of Health (MoH) will advise the National Security Council (NSC) when state borders can be safely reopened.

“We will listen to MOH advice as always and make a decision based on the data that they have — so now we just keep hope and praying that the numbers will drop to TWO digits,” he said.

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2021-03-02 20:36 | Report Abuse

Genting Bhd - A Recovery Is Well on Track

Source : KENANGA, Price Call : BUY, Price Target : 5.888

Last Price : 4.80, Upside/Downside : +1.13(23.54%)

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2021-03-02 17:34 | Report Abuse

@Jazmaster

Well said, thanks.

DK group somehow misunderstood the RM 1.070 valuation and many other issues.

The new shares are issued based on the MGO, and the number of shares is not determined yet. Take ANCOMLB as an example, the RTO reference price per share of RM 0.100, and the LDP for ANCOMLB is RM 0.375.

Hence, reference price serves as a reference, but the dilutive effect does not drag down the share price as per said.

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2021-03-02 16:41 | Report Abuse

SUPERMAX may be taken over by the US of America.- JPM arranging for it. -Latest Rumour. Interesting...

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2021-03-02 16:02 | Report Abuse

Supermax: Trading at Forward PE of 3.3 While Sitting on RM3.56 Billion Cash Pile
==========================================================

Supermax best describes the extent of irrationality of the market right now.

At midday market close, the stock of Supermax was trading at RM4.22. Ten analysts cover the stock (and all ten have "BUY" calls on it), and they have an estimated consensus PAT for FY21 at RM4.15 billion, and for FY22 at RM2.44 billion. Both of these estimates are at relatively low standard deviations. In fact, excluding KAF's bearish estimates, the standard deviation drops by about 30%. KAF have given a PAT estimate for FY21 at RM3.542 billion, which means that they expect the company will earn a total of RM1.642 billion over the next two quarters.

The company has already declared PAT of approximately 1.9 billion for the first half of FY21, so the remainder is RM2.25 billion. Assuming even distribution of profit in FY22, the first two quarters of that financial year should result in total PAT of RM1.22.

Thus, the total estimated PAT for the next one year should be RM3.47 billion, or EPS = RM1.275.

This means that the 1-year forward PE at present is 3.3.

Interesting article by Ben Tan-

https://klse.i3investor.com/blogs/bursainvestments/2021-03-02-story-h1541975241-Supermax_Trading_at_Forward_PE_of_3_3_While_Sitting_on_RM3_56_Billion_C.jsp

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2021-03-02 12:10 | Report Abuse

WHO: New Covid-19 cases increase for the first time in seven weeks

By RASHVINJEET S. BEDI
NATION
Tuesday, 02 Mar 2021

PETALING JAYA: The number of new Covid-19 cases has seen a global increase for the first time in seven weeks, says the World Health Organisation (WHO).

WHO director-general Tedros Adhanom Ghebreyesus said that reported cases increased in four out of six regions – Americas, Europe, South-East Asia and the eastern Mediterranean.

“This is disappointing, but not surprising. We’re working to better understand these increases in transmission.

“Some of it appears to be due to relaxing of public health measures, continued circulation of variants, and people letting their guard down,” he said in a news briefing from Geneva, Switzerland on Monday (March 1).

He said that while vaccines will help save lives, if countries relied solely on them, they are making a mistake.

https://www.thestar.com.my/news/nation/2021/03/02/who-new-covid-19-cases-increase-for-the-first-time-in-seven-weeks

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2021-03-02 11:46 | Report Abuse

Supermax last Qtr (3 months)- PAT of RM1.08 billion - and you call Supermax a rubbish stock.

Really ?

What have you been smoking?

Posted by GroundZero > Mar 2, 2021 11:23 AM | Report Abuse

sell this rubbish stock

Stock

2021-03-02 11:12 | Report Abuse

When fundamentals are running dry, retailers morale weakening and ongoing vaccine-related positive news driving the market sentiment, the stock is now approaching maximum fear and maximum foolishness.

As the retail herd continues to be flushed out, I am confident that smart monies and IBs will seek to make a laughing stock of those who cut at this stage very soon. Be informed, make informed decisions.

Accumulate slowly - no hurry folks.

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2021-03-01 22:17 | Report Abuse

Correct @ Apolloang -Last Qtr- (Oct, Nov & Dec 2020)- Supermax PAT was RM1.08 billion

Posted by apolloang > Mar 1, 2021 10:03 PM | Report Abuse

hengyuan post losses,supermax no post losses

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2021-03-01 20:49 | Report Abuse

ReNikola under PEB may be the winner for all we know.

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2021-03-01 17:13 | Report Abuse

The Private Placements & exercise of WD will provide adequate funding for Silterra as mentioned by Syed Zainal Abidin- The Boss

I believe your intention by opening a NEW account and spread rumours is just to spook investors here.

Posted by PauLiew > Mar 1, 2021 2:24 PM | Report Abuse

price over RM1.00, company will plan Right Issue to all ordinary shareholder (1:1). No private placement......

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2021-03-01 10:54 | Report Abuse

Given time Dnex can match Greatech with a market cap of Rm8 bil.

Assuming a paid up of 3 bil shares (after exercise of warrants and PPs -) a fair valuation of at least Rm2.80 by year end is achievable.

Hold on to this GEM -SilTerra will be super profitable with the collaboration with China SMIC.

"The market is a device for transferring money from the impatient to the patient." - Warren Buffett

So- be patient folks!

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2021-03-01 09:51 | Report Abuse

With this 60%, some fund managers are aggressively buying upon the announcement. Hence why PEB could limit up for 2 consecutive days previously!

I believe it is not too late to invest in PEB now, given the valuation comparison as well as the future prospects of the RE sector. The company had already operating a larger MWp solar plant base than CYPARK.

Hopefully, I would see you again when PEB reaches MYR 5.00!

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2021-02-28 21:44 | Report Abuse

Valuation Game

Based on the annual report for financial year end 2020 October, it was noted that CYPARK is currently operating its own 47.17 MWp of solar plants currently. The company is targeting to hit 217.0 MWp by 2021 under their EPCC segment. The current market capitalization of CYPARK is approximately MYR 722.0 Million.

Under SLVEST, the company has 4 key segments; namely the EPCC of solar energy solution, O&M of solar energy system, sale of electricity through solar energy and “others”. Technically, O&M and sale of electricity are similar, and we can see the inter-segment revenue crossed between them. Based on SLVEST’s annual report for financial year end 2020 March, the company had only owned a 1 MWp solar PV plant. Most of SLVEST’s revenue comes from EPCC segment and SLVEST’s market capitalization is currently approximately MYR 989.0 Million.

Lastly, SAMAIDEN had 3 segments. Namely EPCC services, RE and Environmental Consulting Services and O&M Services. Like SLVEST, a big chunk of revenue of SAMAIDEN comes from EPCC sector and minimal revenue and profit were contributed from O&M services. The company plans to invest in a 12 MW solar PV power plant but had not integrated into the company yet, and under their IPO plans, the management had also shared their interest in biogas/biomass plant. As of now, the market capitalization of SAMAIDEN stands at approximately MYR 361.0 Million.

Based on the studies we did above, the closest peer for PEB, or reNIKOLA in the future should be CYPARK alone. SLVEST and SAMAIDEN are not matured in operating their own solar PV farm, and they are specialized in EPCC, which means they are more focused in the contract basis business.

I would also like to share some knowledge about these solar PV plants. We had mentioned MWp, which stands for Megawatt-Peak of the solar PV plant output, which is under the ideal situation of maximum scenario. However, a more conservative measurement would be Megawatt of AC Power (“MWac”), which is measured upon the direct current generated from the solar panels and converted via inverters. As of now, reNIKOLA is operating an existing total capacity of 64 MWac. If we were to convert it into MWp, the industry norm would be around 1.2 times, which means PEB has a total capacity of 76.8 MWp of solar PV plant in operation!

It is also worth to note that reNIKOLA, under its subsidiary of RE Gebeng BKH Sdn. Bhd. is in the midst to design and construct a plant with capacity of approximately 250 MWac. In short, the total MWac of the company would be 314 MWac, or at least 376.8 MWp.

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2021-02-28 21:39 | Report Abuse

So what is the valuation for PEB now?

PEB is currently trading at MYR 124.0 Million while outperforming the industrial leader CYPARK. As for as our forensic studies into the sector, CYPARK, due to its unique customer based had faced a cash flow problem since 2017. SLVEST and SAMAIDEN are EPCC player and not in the game. So, how would you value PEB? I believe a bare minimum of MYR 500.0 Million should be given to PEB, which is equivalent to 4 times of the current price of PEB!



If you think it is impossible, just look at the Number of Shares Outstanding (“NOSH”) of PEB. Currently PEB has 69.0 Million NOSH in market and approximately 40% has been taken up by the new substantial shareholder. That means there are only 60% left in the market.



With this 60%, some fund managers are aggressively buying upon the announcement. Hence why PEB could limit up for 2 consecutive days previously!



I believe it is not too late to invest in PEB now, given the valuation comparison as well as the future prospects of the RE sector. The company had already operating a larger MWp solar plant base than CYPARK.



Hopefully, I would see you again when PEB reaches MYR 5.00!

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2021-02-28 20:17 | Report Abuse

TOP GLOVE -TOTAL (5 years) = $22.788 billion (RM91.150 billion) TG fair value RM8 easily.
-------------------------------------------------------------------
Note that these are calendar year projections and not financial year projections. The financial year for Top Glove starts in September, so one quarter of the financial year is always within the previous calendar year.

Based on financial analysts' projections, the net profit of Top Glove will be approximately 50% in 2021, 30% in 2022, and 20% in 2023. Let's assume it will go down to 15% in 2024, and 10% in 2025. In this case the net profit for each calendar year should be:

CY2021 = RM12.503 billion

CY2022 = RM5.844 billion

CY2023 = RM3.097 billion

CY2024 = RM2.319 billion

CY2025 = RM1.572 billion

The company also has RM1.21 billion cash as of the latest financial results from end of November 2020.

Let's very conservatively assume that the earnings growth is going to be 5% per year after 2025. Assuming weighted average cost of capital of 7% for Top Glove , we get the following enterprise present value based on discounted cash flow model- RM105.925 billion.

https://klse.i3investor.com/blogs/bursainvestments/2021-02-28-story-h1541944362-Top_Glove_Notes_on_ASP_from_Application_Proof_for_Hong_Kong_Listing.jsp

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2021-02-27 21:54 | Report Abuse

Vaccines Offer Hope But Are Not Silver Bullets
----------------------------------------------
The Star

Saturday, 27 Feb 2021

COVID-19 is far from over. Worldwide, we have surpassed 100 million cases and, tragically, more than two million people have lost their lives to the disease. These are not just numbers but people, each with a name and a story, each a great loss.

One year into this pandemic, we know what works and what saves lives – wearing masks, frequent hand washing, and physical distancing. These and other public health and social measures are absolutely critical in stopping transmission, but we must also have community support, working together in solidarity with each and every person playing his/her part in halting the spread of the virus.