This kind of stock every month got spare cash can just top up. Fundamentally very strong king of gloves in innovation, automation, efficiency and quality.

Results released today noon or after close?

Harta is the king of gloves lar I reloaded on weakness. Ask anyone in the gloves industry they will tell you who is the taiko who is always taking the lead in innovation, automation and quality etc and who they look up to it will always be Harta.

These next 2 weeks uptrend is just the beginning, the real money will be made when they start to goreng the free warrants site to be listed in 2 weeks! In addition, the Star paper again mentioned the value of shell companies such as Acostech and linked Acostech to the RTO rumours with WRP. These next few weeks will be interesting for Acostech!

This looks like a cornered stock total no of shares only 195 million but every day has been dropping and average few million shares. Should have strong hands as new shareholders and move higher once collected enough.

Wow even better than 1 for 1 as it is 2 free bonus shares for every 1 existing share!

Please add me. Thanks.

Takeover offer at RM 1.80 is only formality and only to collect more cheap tickets to panic sellers at open market. With these kind of results which not even factoring in the new production capacity yet, who would sell at RM 1.80? Therefore the takeover would be non event and the prices will only go higher to potentially retest the previous high of RM 4.54.

In addition, the notes mentioned that the good results are mainly due to the nitrile segment and the new production capacity will be purely nitrile which will increase the annual nitrile capacity from 1.0 billion currently to 2.5 billion, therefore just imagine how much the profits will be once the new nitrile production capacity and additional increase in average selling prices are factored in the results!

Woodswater why you post last quarter Dec 2019 results? Latest is Mar 2020 results announced this evening.

Now we know why Ruberex can rally up to RM 4.50 recently. Tomorrow gap up and another rally.

https://www.thestar.com.my/business/business-news/2020/06/20/short-position---strange-partners

Old glove names are coming out of the woodwork for a possible listing through reverse takeovers.

However, the possibility of its happening seems remote based on the choice of companies that is being touted as the reverse takeover target.

A few weeks ago Acoustech Bhd, a company that is in the business of manufacturing multimedia speakers systems, speaker units and specialised chemical paints, was speculated to be the backdoor vehicle of unlisted glove manufacturer WRP Asia Sdn Bhd.

The shares of Acoustech, that was trading at about 40 sen late last month shot up to more than 75 sen within a week. It was at the height of the glove frenzy that took Bursa Malaysia by storm for the whole month of May and early June.

The sharp rise in Acoustech, which is also into property development, caught the attention of Bursa Malaysia. Following a query, the company replied that there was nothing out of the ordinary happening, which warranted the sharp rise in the share price.

Yesterday, MQ Technology Bhd, a company that manufacturers various mechanical parts such as coils, precision plates, jigs and fixtures clarified to a news report that it was keen on negotiating with the shareholders of Latexx Partners.

Latexx Partners is a major glove manufacturer that was privatised in May 2013 at a cost of RM580mil by Semperit Group.

MQ Tech, which has a market capitalisation of only RM35mil and has been making losses in the last few years.

The company stated that it intends to acquire the glove company and would be in negotiations with the Semperit Group on the proposed acquisition.

MQ Tech also stated that the terms of acquisition have yet to be finalised.

With glove manufacturers having a heyday during this Covid 19 pandemic, Latexx Partner’s valuations would certainly be much higher now.

Which brings to question as to how would MQ Tech afford the purchase? Even if the deal is to be financed by issuance of new shares, Semperit would probably be left holding almost the entire company.

Secondly, it is not clear if Semperit is keen to do a deal with MQ Tech.

Obviously, the euphoria surrounding glove stocks have reduced as MQ Tech shares hardly moved following the report.

Today Star paper got mentioned Acostech rumour with WRP.

After the reopening of economies now there are higher demand for industrial gloves in addition to the already high demand of medical gloves which will benefit Ruberex having a good mix of both medical (nitrile gloves) and industrial gloves.

All other counters are so much higher now than the March lows as compared to Acostech.

Just buy in and wait for free warrants.

The price now very attractive as it is almost at its March lows at 30+ cents during the global stock market crash in March this year.

At least you are honest with your intentions Super Panda unlike some spreading pessimism here with the intention to buy at lower prices.

Hopefully this kind of scenario might not happen again therefore you won't have to make this kind of hard decisions again on whether to invest in a superbull cycle in an unprecedented pandemic scenario but while the opportunity is there would you choose to be a part of that supercycle?

The fact of the matter is there are tons of investors waiting at the sidelines with huge amount of hit money filled by the global monetary stimulus and low interest rates environment just drooling and desperate to buy in glove stocks but just afraid of making losses.

To those who hesitate in the fear of making losses, losses is a natural cycle in buying stocks, we lose at times but we also win at times. However, ask yourself if in this kind of once in a lifetime scenario which none of us have ever faced and none known the peak, would you prefer to at least try to make some money which could change your quality of life or prefer to sit at the sidelines watching glove stocks continue to go higher while the other non gloves related stocks you invested in continue to trend lower as a result of weaker sentiments and economic environments?

Bearing in mind no other non gloves stocks you select is a guaranteed money making investment over the short or medium term as no one knows the longer term impact of covid 19 to the other industries as well.

Kimgold I bought Careplus at 60 cents and exited at RM 1.18. We never know when the peak is obviously the exponential growth will not be as much as when the base was low but there definitely should be more upside to rubber gloves industry therefore do not spread these exaggerated pessimism to scare newbies to cut loss for personal agenda to buy at lower prices.

It is still not game over therefore there will still be lots of optimism over the rubber gloves industry.

We understand that this might never happen again ie a once in a lifetime opportunity therefore this is also a factor that would fuel the continuous rise of rubber glove share prices over the next year.

Kimgold I understand but how confident that Careplus will be much more profitable in % wise as compared to the current valuations? The key take away is the stock market is a very dynamic mechanism with many variable factors therefore do not be so simple minded to just base your valuation on how many % the stock price has increased over the last quarter.

We can't compare when Comfort is at 80 cents and earning how much and went up how many % when profit went up how many %. The rubber gloves industry sentiment is so much diff from when Comfort was 80 cents.

Do not live in the past as we need to factor in the current market sentiments when rubber gloves Companies will command a higher PE due to the higher demand, higher ASP and lower material prices in addition to the overall bullish market with the huge liquidity with still a lot of cash waiting at the sidelines.

Careplus is a good example went up more than 1000% but profit much lower as compared to Comfort.

Relax while we wait until free warrants! Collect more if next week still cheap!

Tracker113 no mother share will not adjust for free warrants.

In bull market like now goreng the warrants up 30 cents in the day of listing also possible lar.

However the exercise price for the warrants to be determined.

Tracker113 if the free warrants are all converted yes but will result in additional capital injection for the Company.

Thanks noobinvestor1313. Yes seems positive in that a certain party would not invest RM 80 million without a compelling reason to do so. The bonus issue of free 1 warrant for every 2 shares held is an added bonus to existing shareholders though.

Any ideas who is the investor subscribing to the redeemable convertable preference shares? Any parties related to WRP? Anyways free warrants are always a good thing!

How come 11th June not 18th June? They brought the QR date forward?

All those hospitals etc they prefer to buy from distributors such as Adventa as they buy not only gloves but other range of PPEs as well such as face masks and gowns etc. Therefore, they buy through distributors for the full range of supplies they need rather than buy from so many manufacturers such as gloves manufacturers etc.

Extracted from Adventa quarterly earnings report:
We expect to see strong revenue generated in the medical supplies sector over the next quarter if
the Covid -19 pandemic is not over.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3054435

Adventa proposed share buy back implying that the share price might be undervalued considering the commentaries on prospects that revenue generated from medical supplies will be strong next quarter as per below.

Adventa are distributors they buy from related Company Aspion the gloves and sell to end customers therefore their margins are higher cause they can mark up to end customers such as hospitals etc which they sell healthcare products including gloves. They have big distribution network in US.

Keywords are demand more than doubled and utilisation increased to close to 100% from 85%. In addition to selling price increase and you can imagine how much increase is the target price...

Some banks revise up margin cap instead of down depending on banks.

Manufacturer selling price or distributor selling price went up to USD 100?

Maybe not only Supermax catch up Ruberex also catching up with Kossan soon...

Maybe results even better than expected.

KYY should buy in Topglove also lar then we can show SG Malaysian power!

Looks like it SGD 6.70 more than 30% liao

So big cap stock can hit 30% in one day in SGX.

Crazy wei SG Topglove today!

Now increase 30% SGD 6.60!

Sg Topglove increase 25% now! SGD 6.40.

Wow SG Topglove so strong!

You need to try Top condom too

Haha nice Pang!