Wow, Rubberex closed at 55.5 sen today, up 9.9%. The credit must go to SBB. Why? Because SBB reduces the amount of public float in the market. So, it is easier for Rubberex operator to push up the share price.

At 55.5 sen, the share price is almost at the midpoint of the SBB price range by the Rubberex management(between 50.5 sen and 62 sen).

So, for the less bullish forumers, you are at liberty to cash out for any reason next Mon if you wish.
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Valgrovest Today rubber glove play but it is going to be a one day only event as usual. Note that rubber glove production is in severe excess globally. However, a good opportunity for those who want to exit...
12/11/2021 11:34 AM

Wow, Top Glove is embarking on SBB too..

Top Glove to allocate up to RM2.49b for share buy-back
https://www.theedgemarkets.com/article/top-glove-allocate-rm249b-share-buyback

What is happening? This morning, all glove counters shot up like crazy.

At one point yesterday, Rubberex was trading at 50/50.5 sen. For a moment, Sneakpeek thought the 50 sen support might be broken. But SBB came to the rescue and it closed at 50.5 sen yesterday.

But now, 55.5 sen, up 5 sen. Sneakpeek may have to sigh again: "Come on..stop teasing us..just drop to 50c already".

As always, I try NOT to be a smart alec to time the market and predict where the share price will drop. It all depends on a number of variables.
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Sneakpeek Soon breaching 50c..

Quarterly report will be out soon....

KUB Malaysia will be releasing its quarterly report this month.

At least, its agro business division is expected to do well. Let's hope the other divisions(esp LPG) will not disappoint too...
Plantation companies forecast to post strong quarterly earnings — analysts
https://www.theedgemarkets.com/article/plantation-companies-forecast-post-strong-quarterly-earnings-%E2%80%94-analysts

It closed unchanged at 65 sen. I saw a small white hammer on the chart...

This morning, the vol traded for Rubberex is again very low. As of morning session closing, only 335,800 shares traded.

I think trading vol is likely to remain low, until the release of the quarterly report later in Nov and the SBB will be on standby to act to reduce price volatility.

Wow, I could see that the operator was trying to churn out some "sell" vol early in the morning, but with some hard work though.

Budget 2022: Stamp duty for share transaction rises to 0.15%(from 0.1%), RM200 cap removed.

This would mean higher transaction costs of shares trading(esp high frequency trading) for next year. Hopefully, market operators will cut down on such "deceiving" trading vols. Lol.

As at yesterday's closing, Rubberex has used up 5.43012% of the maximum 10% SBB mandate approved. The company has become more cautious in its SBB amounts used.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3208116

I bought back today my KUB Malaysia shares sold higher last week.

KUB Malaysia's share price has fallen back onto its 50 days moving average line support. With xd date coming close on 16/11, the operator might try to push price up next, after collecting cheap in the last few days on weak market sentiments.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3205029

Let's see how it goes...

Budget 2022: Stamp duty for share transaction rises to 0.15%(from 0.1%), RM200 cap removed.

This would mean higher transaction costs of shares trading(esp high frequency trading) for next year. Hopefully, market operators will cut down on "deceiving" trading vols. Lol.

Strange enough, Tashin is trading at a higher price than its mother share, Prestar, ahead of their quarterly reports.

Bursa market is doing rather badly these days. Not only glove counters are down, even some small/mid cap recovery counters(eg steels, 5G theme, etc) are down quite badly too.

If not for SBB, Rubberex would have long tested 50 sen. And I notice Rubberex management is going on smaller amounts for its SBB daily vols of late. Hence, the slide in its share price.

Rubberex's result will be out by end of this month. We should wait for the result to be out first, before any decision to top up more.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3207455

Haha, I know why, but I will keep him in suspense.

While Sneakpeek is still trying to figure out why, I would rather spend more time to review and rebalance my current portfolio, ahead of my usual year-end review of portfolio, in the light of the new budget measures affecting the Bursa market.
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Sneakpeek Peer glover banned why no huge drop in glove counter..
05/11/2021 2:41 PM

Despite the heavy correction on the steel counters, Tashin has exhibited relative resilience and looks set to challenge its immediate resistance of 60.5 sen with another bullish engulfing pattern yesterday..
==============================================================
BursaRangers https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-10-2...
26/10/2021 8:52 PM

WHO warns that Europe is once again at the epicenter of the Covid pandemic
https://www.cnbc.com/2021/11/04/who-europe-is-once-again-at-the-epicenter-of-the-covid-pandemic.html

Record-breaking cases:
The two main reasons the WHO’s Kluge gave for Europe’s soaring case numbers were "insufficient vaccination coverage" and "the relaxation of public health and social measures".

Rubberex has a significant presence in Spain with a sizeable 35,000 sq. ft. warehouse and marketing office in Valencia that mainly distributes the Group’s products to a major supermarket chain, Mercadona SA in Spain(since 1998),
and other customers around Europe.

In this respect, Rubberex's marketing efforts in Europe have been more rewarding, when compared to the glove big4's marketing efforts in the US market(which can be quite frustrating, when facing US import bans).

Just sharing for Rubberex shareholders' info only...

Top Glove says share buyback not investment, no impairment needed. Hope this will provide some respite to Top Glove's falling share price...
https://www.theedgemarkets.com/article/top-glove-says-share-buyback-not-investment-no-impairment-needed

I believe the price movements of most glove counters are somehow correlated. Top Glove's price drop may impact on other glove counters too.

Hartalega's 2Q net profit falls 60% q-o-q on lower ASPs and sales. But it is offset by the announcement of declaring a single-tier interim dividend of 35.2 sen per share. This has helped its share price to move up from RM5.63 at noon break yesterday.

What can other glove makers learn from this?
Profit fall is more or less expected by the market. So long as the company can announce something extra(as a sweetener), better than what the market has expected, the share price can still move up after result release.

Hope Rubberex management will learn from this and do what is necessary when it releases its results by end of this month. I am pretty sure major shareholder Ong Choo Meng will endorse it as he will stand to benefit from it too.
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Hartalega 2Q net profit up at RM914m from RM545m a year earlier
https://www.theedgemarkets.com/article/hartalega-2q-net-profit-rm914m-rm545m-year-earlier
02/11/2021 2:19 PM

I did say that Top Glove had made fairly unwise share buyback decisions(basing on share buyback prices) in the past year:

keown83, history has told me that Top Glove had made fairly unwise share buyback decisions(basing on share buyback prices) in the past year. There is no need to argue on this.
21/09/2021 2:34 PM

But now, this has been highlighted in a news article and it has caused its share price to drop lower today...
https://www.theedgemarkets.com/article/top-glove-sits-rm860-mil-paper-loss-massive-share-buyback

Poor Top Glove! This has probably given shorties "another reason" to short it again.

Hartalega 2Q net profit up at RM914m from RM545m a year earlier
https://www.theedgemarkets.com/article/hartalega-2q-net-profit-rm914m-rm545m-year-earlier
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John1234 Market seems to be pleased with Kossan's latest result, based on the price action this morning. Next, we shall look out for Hartalega's result in early Nov.
22/10/2021 10:26 AM

The verdict is finally out. Surprisingly, Rubberex closed unchanged at 54 sen, way above the 40 sen price that Sneakpeek had wrongfully predicted by a very "wide" margin. Going by such a "glaring" error, I hope Sneakpeek will have at least the basic courtesy to stop making such baseless predictions in future.

We are all fully aware that stock price is a function of market demand and market supply. Why would he say, "Monday drop to 40 because of makmur tax.."? Because he knew "Cukai Makmur" is an "unexpected" surprise event. A lot of our forumers might be totally at a loss on its full potential impact. So, he thought he could easily use his "scare tactic"(ie a big drop in share price), to induce some panic selling from our unsuspecting forumers and/or their close contacts via words of mouth. Like that, he can easily shorten his waiting time for his dream price to come true.

But after I put up my opposing views in my postings, his "plot" fell through.
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Sneakpeek Wow don't know my prediction and talk down can affect the counter price..so pathetic ah this counter?
01/11/2021 9:33 AM

Haha, to be fair, I will wait for the "verdict" to be out at the end of trading today, before replying to Sneakpeek.
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John1234 One-off tax on super profits shouldn't be a concern — KPMG
https://www.theedgemarkets.com/article/oneoff-tax-super-profits-shouldnt-be-concern-%E2%80%94-kpmg
Let's find out who is more "right" on Monday - Head of Tax at KPMG in Malaysia, Tai Lai Kok or small fry Sneakpeek.
30/10/2021 9:57 AM

Haha, finally I have made this "agenda-driven" fellow reveal his true intention. Always tried to take advantage of situations to further his selfish agenda.

He had made a prediction for Rubberex's share price to drop to 40 sen today because of "Cukai Makmur". Now, he changes it to "maybe, end Nov". So, he knows his earlier trick can not work already???

If he is so confident that his dream price of 40 sen is coming, then he should "wait patiently" on the outside, instead of using all excuses to "talk down" on the price as if he is "worried" that the price may move up faster than he can grab hold of. Why need to bring himself down so low???

Learn from skcm2017 or TheContrarian, pay at the current market price if they do not want to wait:

skcm2017 yeah... catch the fish at 0.54
29/10/2021 5:21 PM

TheContrarian Bought at 0.555.
27/10/2021 11:38 AM

============================================================
Sneakpeek no need to dream to get 50 cents..i think this week can get ah..after that 40c maybe end of nov. ..no need rushing go in just slowly wait..why buy high and stuck like john when u can buy low.
01/11/2021 1:18 AM

Your question might be, "Why would people want to invest in glove sector now, since the ASP is falling?"

Yes, the ASP for gloves is falling and the gloves share price has fallen way ahead too. So, some value investors might be looking to slowly nibble at a glove counter, as they would expect the ASP to normalise, eg by middle of next year.

But the always tricky part for any stock market investment is to be able to predict accurately the behaviour of the glove market, 6 to 9 months way before things actually happen.
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Kingbeast Why would peopl invest in Ruberex?
31/10/2021 2:03 PM

eddy888, thanks for the info.

At least, it gives us some indication of the ASP(in US$) for gloves from the China gloves makers. Too bad, I cannot find such info readily available for the Malaysian glove makers.

Haha, let us relook at the merits of the SBB of Rubberex for Sneakpeek's sake! I have a bit of time to spare on this Sunday morning.

There are at least 2 sides to looking at the same thing.

1. For longer-term shareholders(eg Ong Choo Meng and others), share price stability is what they would value most in a down market and SBB helps to achieve that, besides providing a possible avenue for share dividends.

2. For non-shareholders who are eyeing to buy dirt cheap, then it can be a different story - It seems to be such an agonising long wait!!!

No wonder, Sneakpeek had commented on Oct 11, 2021 9:45 PM: "Come on..stop teasing us..just drop to 50c already"

So, I can easily relate what he meant to say with his uncompleted posting right at the botttom:

"Spend so much just to stabilise price? Such a waste of time for me!!! I wonder how much more time I will have to wait(waste) for my dream price to come." Lol.
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Sneakpeek Spend so much just to stabilise price? Such a waste..
30/10/2021 8:31 PM

One-off tax on super profits shouldn't be a concern — KPMG
https://www.theedgemarkets.com/article/oneoff-tax-super-profits-shouldnt-be-concern-%E2%80%94-kpmg

Let's find out who is more "right" on Monday - Head of Tax at KPMG in Malaysia, Tai Lai Kok or small fry Sneakpeek.

In fact, we are all aware that gloves sector outlook has been very weak this year and the purpose of SBB for Rubberex is to stabilise its share price and not to push up its share price.

In fact, your Top Glove's share price was up yesterday mainly because of its proposed application for a listing in the HK. No idea how it will perform on Monday.
https://www.theedgemarkets.com/article/top-glove-slashes-hong-kong-stock-offering-again-now-plans-raise-rm221b

As for Rubberex, it was down slightly when SBB was not activated yesterday. Frankly, Rubberex's share price would have long dropped below 50 sen, if not for SBB. So, longer-term shareholders would find merits with this SBB.
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Kingbeast John - u do know that Ruberex has been dropping red while others are green? Why care so much about SBB as if it gives a strong support to it? All u need is Ruberex is go up, not maintain.
30/10/2021 9:24 AM

Haha, somebody is still trying his luck at 40 sen. He thinks this is a fish market or what?

The "Cukai Makmur" is a "one-off" tax measure introduced by the federal government in Budget 2022, whereby earnings above the RM100 million mark will be taxed at a rate of 33%, instead of the blanket 24% rate previously.

Rubberex's profit is likely to drop a lot this year. So, if Rubberex's share price is going to fall "some 26%" as per his prediction on Monday, I can not imagine how much the glove big4 are going to drop on Monday, given that their PBTs are much higher. Moreover, Rubberex has SBB scheme to support its share price, unlike the big4.

In fact, when compared to a windfall tax, the net effect of the extra 9% is probably much lower.

Let's see how smart and accurate he is...
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Sneakpeek Monday drop to 40 because of makmur tax..
30/10/2021 7:05 AM

In the past, I was too spontaneous in giving my inputs/feedbacks for any "incorrect" postings from our forumers. This has indeed taken too much of my valuable time away, to an extent of neglecting my attention for my other counters.

So, I have decided to change my style from now on. I may post some relevant stuffs here, but may not respond to(or correct) postings from other forumers.

Please take note and filter through all postings from other forumers.

Supermax declares share dividend amid forced labour issue
https://www.theedgemarkets.com/article/supermax-declares-share-dividend-amid-forced-labour-issue

"Supermax Corp Bhd, whose products are facing an import ban in the US over allegations of forced labour, has declared a final dividend via a share distribution on the basis of one treasury share for every 30 existing shares held, in respect of the financial year ended June 30, 2021 (FY21)."

Supermax has set an example to declare a share dividend, in lieu of cash dividend, to reward and retain its shareholders. Will Rubberex follow suit, given that it has acquired a total of 43,681,700 SBB shares to date? We shall wait and see.

A lot of people have a habit to talk without verifying facts...

In fact, for the last 2 days(26/10 & 27/10), SBB was activated. But the number of SBB shares purchased and the amount spent had dropped, as compared to the past.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203688
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3204130
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Jonathan Keung This 2 days overall market breath is negative. Gloves are hit hard and SBB taking a breather even at this price level

Haha, go and ask Ong Choo Meng lah!!! I do not under-estimate Ong Choo Meng's wealth. But one thing for sure, he is a lot wealthier than small fry Sneakpeek!!!

His other counters(eg Hextar Global, Opcom, etc) are doing well. So, he can always channel funds to buy..
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Sneakpeek why so complicated..simple reason he's running out of bullet.
28/10/2021 10:32 AM

Somebody asks me why major shareholder Ong Choo Meng has not come in to buy his Rubberex shares.

My take is: He has pledged his shares with Maybank. So, he has a keen interest to protect the share price from falling too low, so as not to trigger margin calls from the bank. I would expect him to come in to support the share price only after the 10% SBB mandate is used up or when the share price has fallen too low for him.

This is called "churning" - sell first and buy back (cheaper)later on the same day.
So, we will need a heavyweight buyer to make the operator buy back higher. Lol.
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spider68 Someone seems to have an unlimited supply of shares to dump.
28/10/2021 9:57 AM

Haha, those TPs from OSK Choon Research are meant to lure unsuspecting individuals to sell their shares. With more and more selling, the TPs will become self-fulfilling. Lol.

If you hope to be able to buy at those prices, you have got to wait long long lah..

As at end of today, Rubberex's SBB has only used up 4.69756% of the 10% maximum mandate.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3204130
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Stockhunter88 Sbb Bullet macam finishing soon
27/10/2021 5:38 PM

Steel counters tumble amid fall in metal's price
https://www.theedgemarkets.com/article/steel-counters-tumble-amid-fall-metals-price

Comparatively speaking, steel counter operators had a relatively easier job today - did a shakeout, collected back lots of "panic-stricken" shares at much discounted prices and made huge trading profits. But Rubberex operator had a tough job to squeeze out sellers, amid competing buying pressure from SBB forces. Lol.

With Hartalega's share price falling again this morning, Rubberex operator has acted more boldly these 2 days. Why? Even with SBB yesterday, the Rubberex operator did not back down this morning and continued to ramp up trading vols to challenge SBB forces
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203688

Chinese steel futures track raw materials lower, coking coal and coke hit daily limit down
https://www.theedgemarkets.com/article/chinese-steel-futures-track-raw-materials-lower-coking-coal-and-coke-hit-daily-limit-down

This morning, some of our favorite steel counters were sold down by the operators and some greedy punters got hit.

On the other hand, 5G theme seems to enjoy some play, stirred up by the operators.

Near-term market outlook is likely to stay indifferent, says Inter-Pacific
https://www.theedgemarkets.com/article/nearterm-market-outlook-likely-stay-indifferent-says-interpacific

Budget 2022 Day is this Friday. But our market is not getting a boost as yet. This is a big contrast to US markets which are hovering near records high.

Hartalega will be releasing its last quarter's report soon. But it had dropped 30 sen yesterday and this morning, it is still showing a bit of weakness.

Is this a signal of a bad quarterly report to come or a deliberate action by the operator to push down for a rebound when the report is out?

I am trying to size up what the operator is doing. Always have an inquisitive mind to find out what is happening around us.

Whatever it is, syndicate(the goreng master) is very fond of using TPs to their advantage. When they want to "goreng up" the share price, they will give out a super high TP. But when they want to "goreng down" the share price, they will give out a super low TP.

This is an ugly side of the stock market. Lol.

There is a serious flaw in arguing that when the pandemic is over, glove counter share prices should move back to pre-pandemic prices. Why? We cannot simply ignore the fact that changes have occurred to the glove companies in terms of financial strength(eg NTA) and cash positions.

For no obvious reasons, the gloves big4 were somehow sold down this morning. What has happened? Could it be a new wave of panic selling due to lower latest TP by Osk Choon Research? The author had splashed it across i3 gloves threads yesterday.

Wow, i3 social media can be very powerful. Do not play play...

The following videos would give Rubberex investors some further insights on the Empire City Mall:

为什么Exsim发展商 把 Empire City 鬼城接下来做? Part 1
https://www.youtube.com/watch?v=jbAkng2ObTU

为什么Exsim发展商 把 Empire City 鬼城接下来做? Part 2
https://www.youtube.com/watch?v=j1QQ6rIufqA

KUB Malaysia eyeing multi-year high, says RHB Retail Research
https://www.theedgemarkets.com/article/kub-malaysia-eyeing-multiyear-high-says-rhb-retail-research

For a long while, KUB Malaysia has not attracted attention from any brokerage house. And this happens to coincide with its forthcoming AGM on 28 Oct.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196190
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John1234 Summary of last quarterly report:
NTA per share: 87 sen
Proposed dividend: 1.5 sen per share
25/08/2021 9:39 PM

创富财今LIVE：手套股能翻身吗？
https://www.youtube.com/watch?v=jsQ1Gv8P02g

Latest TP from where? From Osk Choon Research? Lol..
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oskchoon *latest TP * of 7 Glove counters

Top Glove RM 1.20
Supermax RM 1.00
Hartalega RM 3.00
Kossan Rubber RM 1.10
Comfort Glove RM 0.50
Careplus RM 0.40
Rubberex RM 0.20