Plantermen, no issues. I was busy looking at my recovery counter, KUB Malaysia, this whole afternoon. This cash-rich counter had been a laggard for almost the past 10 months. Suddenly, it came to life these 2 weeks.

My long wait has finally paid off with a good reward. Not a buy recommendation though. Probably too late to enter NOW.
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John1234 Aug 18, 2021 9:50 AM | Report Abuse

Market is always forward-looking. From some speculative plays today, Umno-linked stocks(eg KUB Malaysia) enjoy a good play. Market operators seem to have put bets on who our next PM is likely to be.

Just for sharing purpose only. I happen to own a very small stake in KUB Malaysia.

FBM KLCI in a drifting mode again, says Inter-Pacific
https://www.theedgemarkets.com/article/fbm-klci-drifting-mode-again-says-interpacific

Rubberex has an estimated 875m shares outstanding in the market(after deducting recently purchased 39,105,900 SBB shares).

Every 1 sen of dividend declared would cost the company 8.75m. Alternatively, the company can have an option to pay out in the form of share dividend, out of its SBB shares(based on the SBB circular).

In the longer run, Rubberex's mall investment can generate a recurring income for Rubberex, which will give the management more reason to declare regular dividends.

Just my own personal views.
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madguy why ruberex nvr give devidend after bonus ??? zzzzz
23/10/2021 5:08 AM

Haha, somebody did not read the company announcement?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3150214

(Extracted from the circular):
5. Rationale for the proposed share buy-back:
The Proposed Share Buy-Back will enable the Company to utilise its financial resources not immediately required for use to purchase its own Shares from Bursa Securities. It may help to stabilise the supply and demand and price of its Shares traded on Bursa Securities, thereby supporting the fundamental value of the Shares.

The Rubberex Shares purchased, whether to be held as Treasury Shares or subsequently cancelled, will effectively reduce the number of Shares carrying voting and participation rights. Therefore, the Proposed Share Buy-Back may increase shareholders’ value and improve, inter alia, the return on equity of the Group. The purchase of Rubberex Shares may result in an improvement to the consolidated EPS and/or NA per Share of the Group
(given the decreased share base used for the computation of the EPS and NA), which in turn would benefit the Company and its shareholders.

The Purchased Shares can be held as Treasury Shares and resold on Bursa Securities at a higher price with the intention of realising potential gain without affecting the total issued share capital of the Company. Should any Treasury Shares be distributed as share dividends, this would serve to reward the shareholders of the Company.

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Plantermen Sbb initiated by company. No clear announcement on shares buy back policy
25/10/2021 10:06 AM

In the past, we had reason to assume that the company had to conserve the dividend payments for its proposed capex expansion plan(to increase its annual gloves production to 10.0 billion pieces of disposable gloves).

But gloves demand has changed so drastically that the proposed expansion plan might be pushed back or cut back, with its latest diversification into Empire City Mall investment. So, we will like to hear more from the management on its next quarterly report release in Nov. Also, we want to find out how its gloves business has been doing.

Rubberex is traded in a tight range nowadays, with low trading vols too. With a low beta, it is less susceptible to big moves of the big4 glove counters.

Major shareholder Ong Choo Meng had indicated his intention to deal in his shares. But so far, no such actions have been reported yet.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3202029

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.
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John1234 Kossan 3Q net profit halves to RM528.2 million against preceding quarter
https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m
21/10/2021 3:34 PM

KLCI ripe for further healthy consolidation
https://www.theedgemarkets.com/article/klci-ripe-further-healthy-consolidation

Kossan 3Q net profit halves to RM528.2 million against preceding quarter
https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m
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John1234 Strangely enough, Kossan has defied a falling momentum for glove counters and is trading higher now. Some naysayers are struck dumb-founded. I am amazed too.
21/10/2021 3:34 PM

Strangely enough, Kossan has defied a falling momentum for glove counters and is trading higher now. Some naysayers are struck dumb-founded. I am amazed too.

Likely, with CPO prices(futures) going higher. But much like gloves companies, plantation stocks suffer ESG issues, which make foreign funds hesitant to take big positions.
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Jonathan Keung Plantation may be the next theme play. Last year was glove and healthcare
21/10/2021 10:06 AM

Malaysia facing labour shortage
https://www.thestar.com.my/news/nation/2021/10/21/msia-facing-labour-shortage

Apart from supply chain disruptions and high energy costs, a lot of industries in Malaysia are currently facing labour shortages too as a result of closure of international borders. The operating environment is very challenging. Only certain companies with relative stronger pricing power will be able to pass on the higher costs of production and hence will not suffer a big erosion of profits.

We need to be very selective in our top picks, even for the recovery counters. Broadly speaking, banks, oil and gas and steels are the current winners. But their share prices have moved up quite a lot too. So, we will need to wait for retracements.

US Bars Disposable Gloves From Malaysia Over Forced Labor
https://www.usnews.com/news/business/articles/2021-10-20/us-bars-disposable-gloves-from-malaysia-over-forced-labor

This will affect the trading sentiments for the big4 where a portion of their consumer markets are from the US. Shorties will add salt to wound.
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John1234 Wow, what is happening to Supermax? A big selldown this morning!!!
21/10/2021 9:05 AM

Wow, what is happening to Supermax? A big selldown this morning!!!

By the same token, we must stay realistic too. Do not overly expect the mall investment to reap excellent returns for Rubberex, especially in the initial years, as it is meant more as a mitigating move for Rubberex amid a downbeat gloves market outlook.
https://www.theedgemarkets.com/article/rubberex-takes-chance-empire-city-mall-amid-waning-outlook-gloves
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John1234 By venturing into mall investment, this is just a mitigating move for Rubberex. Much will depend on whether the investment will bring in a stable income and return for Rubberex.
16/10/2021 9:30 AM

Market is very fair. After Hartalega and Kossan went up earlier in the last few days, it is today the turns for Top Glove and Supermax to do a catch-up.

It all seems to suggest that the gloves big4 are showing early signs of stabilisation from earlier selldowns, attributable in part to the energy crunch in China.
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John1234 Market would be keenly waiting for a clearer cue from the release of Kossan and Hartalega results in end Oct/early Nov.

Strangely enough, these are the 2 counters that had enjoyed more play by the operators in the last few days. Funny right - why only played up more of these 2 counters, out of the big4?
15/10/2021 9:02 AM

Asia-Pacific stocks mostly slip as data shows China’s economy grew 4.9%, less than expected in the third-quarter.

Surprisingly, Bursa still shows some strength on the eve of a public holiday tomorrow as KLCI continues to rally past 1600 points.

From the netshort positions on Bursa website, we can see that Hartalega operator has made the shorties cover back some of the shorts. Now, Supermax has clinched the top spot for netshort position.

Let's see whether or when the other big4 operators will make the shorties cover back their shorts.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20211015.pdf

Market is fair. Rubberex has had the least shorts of 1,569,000 shares. So, it may not benefit much from the short covering.
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John1234 Now, I am watching interestingly how the Hartalega operator is making shorties buy back their shorts higher. Lol.
13/10/2021 10:30 AM

Wow, I saw it going up higher almost everyday since 70.5 sen in my watchlist. What a sheer waste, lol!

Never mind. I will not chase it up now. I have other recovery counters to rely on.
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John1234 Mah Sing had been moving lower for a long while over the past weeks because of its new involvement in the gloves production. But today, it bucks the gloves weak trend to edge up instead, supported by its property developments division(a recovery theme).
11/10/2021 12:56 PM

I was going through my investment portfolio and was happy to find out that my 2 "hibernating" small/mid cap stocks(recovery themes) had started to show some good price movements this week.

That is why I always advocate a "diversified" investment portfolio.

By venturing into mall investment, this is just a mitigating move for Rubberex. Much will depend on whether the investment will bring in a stable income and return for Rubberex.

A "limit up" may only happen to Rubberex, if it has a chance to go into a joint venture related to favourite market themes, eg electric vehicle, clean energy, etc.
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Kingbeast Meaning Ruberex will limit up since Ruberex into mall investment? Lol
16/10/2021 8:21 AM

Promising outlook for luxury retail prompts Luxasia expansion in Malaysia.

Singapore-based Luxasia will open an Escentials store in Suria KLCC, Kuala Lumpur, next month to take advantage of lower rents at prime locations.

Luxasia, the leading omnichannel distributor and retailer of luxury beauty in Asia-Pacific, plans to commence operations at a time when the economy is picking up and retail is on an upward trend, after months of movement restrictions, owing to the Covid-19 pandemic.

More luxury and international brands are likely to follow suit in the months ahead to grab a small piece of the large reopening trades pie at various prime locations in Malaysia.
https://www.theedgemarkets.com/article/promising-outlook-luxury-retail-prompts-luxasia-expansion-malaysia

I can see that the Rubberex operator is really in a fix, churning only a traded vol of 272,200 shares as at end of morning session today, the lowest in years.

To push up, no obvious reason, but to push down, could trigger SBB? A real headache for the operator!

Market would be keenly waiting for a clearer cue from the release of Kossan and Hartalega results in end Oct/early Nov.

Strangely enough, these are the 2 counters that had enjoyed more play by the operators in the last few days. Funny right - why only played up more of these 2 counters, out of the big4?
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Rubberex's share price would be range-bound for the moment, until a new catalyst(either positive or negative) emerges.
08/10/2021 10:48 AM

Cold keeps China coal prices high, power crunch stokes factory inflation
https://www.theedgemarkets.com/article/cold-keeps-china-coal-prices-high-power-crunch-stokes-factory-inflation

This morning, we saw a big selldown for Opcom. The operator decided to push the price down after selling out a big chunk of it at a good price.

I do not think Eddie was behind the "goreng". But Opcom operator just rode on Eddie's stake buy to goreng up the counter. Nevertheless, greedy punters got caught by this sudden move down.
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Kingbeast Eddie goreng Opcom but why not Ruberex?
08/10/2021 12:52 PM

IMF warns on inflation, says the Fed and others should be prepared to tighten policy. Fed officials have stated that the primary weapon to fight inflation is hiking interest rates.

When interest rates go up, bank counters will benefit the most. That is why bank counters are always regarded as a longer-term hold, not only for their good dividend payments, but also for potential capital gains.

Companies that are highly geared will be the hardest hit in a rising interest environment.

Will rising fuel costs creep into local electricity tariffs?
https://www.theedgemarkets.com/article/will-rising-fuel-costs-creep-local-electricity-tariffs

After the Covid-19 slump in economic activities, now the bigger market risk is the higher energy cost, which the recovering world economy is expected to embrace it.
Higher energy cost, plus supply chain shortages, would inevitably cause all production costs(including raw material costs) to go up.

In this sense, we can hardly expect glove prices to fall back to pre-Covid level.

Now, I am watching interestingly how the Hartalega operator is making shorties buy back their shorts higher. Lol.
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John1234 Windfall tax bill passed by MPs; MoF says no plans to impose levy on glove companies
13/10/2021 8:23 AM

Windfall tax bill passed by MPs; MoF says no plans to impose levy on glove companies
https://www.theedgemarkets.com/article/dewan-rakyat-passes-amendments-windfall-profit-levy-act

SBB was triggered yesterday when Rubberex's share price hit 58 sen yesterday.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3200173

This morning, big4 got attacked by operators and shorties again. They are good at exploiting on the weak market sentiments to whack down prices.

Got to see whether Rubberex's SBB forces will shift their buyback prices..

I was rather surprised that SBB was not activated yesterday and Rubberex was able to stand on its own feet.

"虚则实之，实则虚之，虚虚实实，虚实结合", SBB is truly commendable for its inherent merits so far.

Mah Sing had been moving lower for a long while over the past weeks because of its new involvement in the gloves production. But today, it bucks the gloves weak trend to edge up instead, supported by its property developments division(a recovery theme).
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周 海 Terbalik version of Mahsing?
05/10/2021 11:18 AM

It has to depend on how far and successful our strategy of reopening up (to the foreign tourists) will attract the number of tourist arrivals. There is no doubt competition is always intense among the different malls. But if the pie is getting big enough, we can still attract a fairly good mix of tourists among the competing malls.

Things can only get clearer as we move forward into 2022 and beyond...

Now, it is the recovery themes that are in play. Look at Comfort and Careplus, both are sold down because of that.

Luckily for Rubberex, it has a recovery theme like a property mall and SBB to shield it from any attacks. Got to see how and if SBB is doing its work.
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John1234 PM: Interstate and overseas travel allowed for the fully vaccinated from Oct 11
https://www.theedgemarkets.com/article/pm-domestic-tourism-activities-all-states-allowed-interstate-travelling-allowed-monday

PM: Interstate and overseas travel allowed for the fully vaccinated from Oct 11
https://www.theedgemarkets.com/article/pm-domestic-tourism-activities-all-states-allowed-interstate-travelling-allowed-monday
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John1234 Based on my own understanding, Empire City Mall belongs to the higher-end shopping experience and it is targetted more specifically at the local and foreign tourists. So, whether Empire City Mall will make a good investment for Rubberex or not depends on how the Covid-19 situation will evolve and whether foreign tourists will come back to Malaysia in big numbers.

Whatever it is, we must learn to accept that gloves theme is weak currently. We can have 2 options available now:
1. Hold for a better time to sell, OR
2. Sell partially or fully to exit the glove counter(for the more pessimistic).

Kingbeast,

"When one door(on Rubberex) closes, another(on Opcom) opens; But we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us."

You still have a 2nd winning chance if you can spot the next winning counter(from Eddie Ong).
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Kingbeast Only way to go up is Eddie goreng it. Fundamental - really not as strong as others.
09/10/2021 8:06 AM

That will depend on your investment timeframe. But one wise man has said that about every 9 years or so, there could be one pandemic. So, you could be in for a "supernormal" reward holding it for another 9 years until 2030....

Anyway, it can be a very long wait. You must be prepared to keep in the fridge until it becomes real frosty. Can you?
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Kingbeast Ruberex holders holding until 2030?

Obviously, you have betted on the wrong counter. And this is surely not the correct way to do your investment. You should only invest in a counter if it meets your investment objective, and not whether it is going to be an object of a "goreng up".

Rubberex had enjoyed a good rally too last year when Eddie Ong first took a stake in Rubberex...
https://www.theedgemarkets.com/article/opcoms-share-price-hits-record-high-rm166-eddie-ong-ups-stake
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Kingbeast Eddie goreng Opcom but why not Ruberex?
08/10/2021 12:52 PM

Kingbeast, do not expect the company to use SBB to "goreng" up the share price for you, lah. Rubberex is NOT a "goreng" company.

Good try, but wrong move for you...
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Kingbeast Dead fish counter.
08/10/2021 11:34 AM

Kingbeast Hope glove sentiment will improve in 2021. And Ruberex secure sales from US.

Not sure how’s the expansion doing - but in order to stay afloat in the glove competitive market.

SBB is just a temporary measure. If the market feels that Ruberex will not be able to compete, there will be market sell down for Ruberex.

We need management to keep goreng Ruberex counter.

I will enter next Monday morning a bit.
25/09/2021 9:02 AM

For the past 2 days, SBB was not activated. But Rubberex's share price was able to stay at 59 sen or higher. I presume Rubberex operator was trying as far as possible not to touch the SBB redline.

Anyway, Rubberex's share price would be range-bound for the moment, until a new catalyst(either positive or negative) emerges.

China has officially ended its golden week yesterday. China stock market reopens today. Let's see how its energy crunch issue will evolve and how this is going to impact on the already climbing unit cost of production for China's industrial products(eg gloves).

With an already falling ASP for gloves, I will not be surprised if some China big gloves makers are tempted to cut back on their expansion plans too.

MOTAC gearing up to welcome foreign tourists to Malaysia
https://www.theedgemarkets.com/article/motac-gearing-welcome-foreign-tourists-malaysia
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John1234 Based on my own understanding, Empire City Mall belongs to the higher-end shopping experience and it is targetted more specifically at the local and foreign tourists. So, whether Empire City Mall will make a good investment for Rubberex or not depends on how the Covid-19 situation will evolve and whether foreign tourists will come back to Malaysia in big numbers.

That is for the shareholders to decide. You should not exploit on the situation for your personal agenda...
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Sneakpeek But rubberex shareholder no problem maa..accept whatever mgmt decide..price drop until eye red also no problem..no dividen also no problem..spent RM 180 mil in risky property venture during covid no problem..everything no problem...just accept.
06/10/2021 11:36 AM

Actually, I did not want to expose you. But you made me do it now!!! Your past postings have clearly given you away. You were hoping to buy/collect Rubberex shares lower, eg 50 sen or possibly lower:

Sneakpeek Back to 59..waiting for new wave to 50
04/10/2021 3:37 PM

Sneakpeek 50c peeking and saying hi...
23/09/2021 3:22 PM

Sneakpeek Wow..rubbishrex green..long term investor rejoiced
14/09/2021 4:50 PM
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Sneakpeek How do u know i'm not a shareholder? Assume much i see..and why were u triggered with non shareholders comment?
06/10/2021 9:59 AM

Rubber glove industry hopes for a reinvestment allowance in Budget 2022
https://www.theedgemarkets.com/article/rubber-glove-industry-hopes-reinvestment-allowance-budget-2022

The world is getting kind of weird! Shareholders do not feel strongly against Rubberex management going into Empire City Mall investment. But non-shareholders felt very cheesed off instead. What a Covid-19 world we are in! Lol!
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Sneakpeek Dividend time no money..money save for expansion ba...bla..

but..but

Got money for SBB..
Got RM 180mil for empire park? Who the hell go to empire park nowadays?
05/10/2021 8:07 PM

Sneakpeek Back to 59..waiting for new wave to 50
04/10/2021 3:37 PM

Sneakpeek 50c peeking and saying hi...
23/09/2021 3:22 PM

Sneakpeek Wow..rubbishrex green..long term investor rejoiced
14/09/2021 4:50 PM

Based on my own understanding, Empire City Mall belongs to the higher-end shopping experience and it is targetted more specifically at the local and foreign tourists. So, whether Empire City Mall will make a good investment for Rubberex or not depends on how the Covid-19 situation will evolve and whether foreign tourists will come back to Malaysia in big numbers.
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Valgrovest This is a big "Red Flag" - moving away from core business into property. If they buy Mid Valley or Pavillion I would say it may be a good move but buying into the rubbish Empire City !!!!
05/10/2021 10:14 AM