Why is this up?

Too many speculators. Next quarter eps will be 55 sen minimum. And the quarter after that will be 1rm. No end to gloves not in demand.

wow... above 7rm already. regret yesterday didn't buy any

https://www.theedgemarkets.com/article/nitrile-latex-could-hit-alltime-high-month-raising-glove-production-costs-70-qoq-%E2%80%94-kaf

this would be good news for this counter?

it means for every 100 people inoculated, only 90 may find themselves with some to a lot of immunity defence. says nothing about side effects or how long the immunity will last.

again premature announcement

KYY basically cut loss or even worse, margin call.

yay... with vaccine coming closer to production, this means in 2022, life maybe will be back to normal.

I wonder how fast the vaccine can be produced in large enough quantities that the rich countries will use their economic might and military might to secure first... like America who likes to "buy" stuff... before we poor Malaysia can start getting the vaccines?

so tomorrow all can throw away all the gloves that is ordered?

silly silly

KYY is a sore loser... I think he threw supermax away earlier and now got caught without shares in supermax.

supermax ASP is way higher than topglove's, so PAT for next few quarters may rival topglove's as well.

guys, this is a put option. Meaning, the underlying (mother share) price has to drop below the exercise price to make money. Exercise price here is 5 rm.
The multiplier (ratio) is 20. So if supermax goes down to 1 rm (whats the possibility), the payout of this put is only 20 sen. Ie (5rm - 1rm) divided by 20.

If supermax is above 5rm, zero payout.

sharp up trend

Dow jones up by arpund 600 points as of 10:40pm our time. Tomorrow is a good trading day.

why a large block at 16 rm?

Comfort's result covers until end April. Topglove's result covers until end May. Supermax's cover until end March.
Basically it is how many months during MCO did any of the glove firms cover when reporting their quarterly result.

Comfort's performance is actually fantastic.

OLH really should just split out the RHB holdings out into a investment firm, and put the rest into another firm or two based on their actual industry. This way much easier to show the true value.

RHB jumped to 5.46. just based on rhb, OSK should be above 1 rm.

could it be some merger announcement? cannot imagine what else cimb can be up to that can be so exciting...

what happened? it just hopped.

kossan's turn to go up

and guess who was the CEO?

Maybe OLH should do more share buyback to support the share price... P/E of below 5 is clear sign of undervalue

finally dividend confirmed (or should i say reconfirmed) at 3 sen... payable in July 2

OSK better pass-through all the dividend from RHB to shareholders.... hoarding cash is not productive, unless OLH want to do share buyback

rhb just declared 18.5 sen dividend.

Will he be able to take OSK private? I mean, getting loan to take it private at current economic condition will be hard, but OSK has 10% share of RHB. Will BNM approval be needed?

OSK should just do what Maybank did: change the dividend declaration from Final to Interim.

Dont understand. Did Airasia not give out 90 sens and 40 sens recently over the past 2 years? Tony should have a lot of cash to lend to AA???

all OSK need to do is to continue to pay consistent dividend and maybe increase the dividend to 6 or 7 sen per year.... and the 6 to 7 sen dividend pretty much can just come from RHB's dividend holding.

with banks being held by the likes of khazanah and epf, dividend will be maintained. where else to get positive cashflow?

cannot blame OSK for not extending the warrants, as the contract state clearly the expiration date. This covid19 and economic slowdown is definitely not the fault of anyone in Malaysia.

What we can blame is OSK hoarding cash...

https://www.bloomberg.com/news/articles/2020-03-29/the-global-oil-market-is-broken-drowning-in-crude-nobody-needs

In physical oil markets, barrels are already changing hands for less than $10, and in a few landlocked markets producers are paying consumers to take away their crude

concur... OLH should pass special dividend of 5 sen to shareholders.

wow... so cheap... 80 cent....

This would be a good time for OSK to start shares buyback. Price is low and OSK can accumulate to later maybe give back as shares dividend.

OSK is just passing the dividends from RHB to its shareholders...

OLH would need to find financing and will the banks give him such a large loan given current market conditions?

so weird... every other stock in bursa is under pressure and osk quietly going up.

hi @Milo Ais, is this stamp duty exemption referring to the stamp duty when buying and selling of shares on bursa? thanks

it is good news. frees up OSK's capital requirement.

plus in malaysia, where electricity rate is so cheap, it is hard to see how solar power generation can be profitable without incentive from government.

malaysia is kinda weird a location... we should be building dams for hydro and as water catchment area.

wow... volume is back... sadly

It should be if the mother share/stock price is at or below the Exercise price of the warrant, then no conversion. Premium does not come into play

i think he is going to do more SBB today given the low price...

cash and cash equivalent is like half a billion ringgit right? max can be bought back is 200 million. nice.

its ok, that means SBB can mop up like 200 million shares. Luckily last dividend from Rhb alone is 50 million ringgit

i guess have to be patient while the excess stocks are being mopped by the SBB

nice... a good run... also sold all at 18.5

alamak... down today. disappointing.

concur... 40% up is way better than 10% up. hopefully tomorrow is OSK's turn...

OSKVI is smallish a firm vs OSK, so can understand why it has risen faster. Still begs the question of what is in OLH's mind.

OSK is super profitable with assets to back it up. Hopefully OLH does something positive about it, like a spin off or divest part of the assets to realize the asset's worth

i just hope OLH continue to mop up the excess shares from the market. i take it as a good sign that OLH realized that the funds in OSK can be better used vs keeping it in money market instruments, and in same time giving chance to small time investors to realize their investments if they choose to. At least OSK price is now at 1.03 vs 0.93 a week ago

another slow day... hopefully Olh continue SBB but with the earlier volume type

light market is good for OLH to continue share buyback. Wish those value investors will notice this share and help it realize its potential. PE of 5 is crazy for such a stable stock.