Aluminum is so soft. How can aluminum be used for a metal for car? Crunch like Milo tin....aluminum is for coating. Non rusting but cannot provide for protection?

Zzzzz

@Boon Keng - where do you get the report from? Can share link?

I'm not posting this article to take a stand against who is right or wrong in claims. Am posting this to provide information that has already been posted and bring it to light so that a decent discussion can take place.

https://www.nst.com.my/business/2018/07/386437/call-review-tax-incentives

This news is dated 2018. I am not able to find any article more recent mentioning about Pioneer status and gloves. It says Nitrile gloves are not exempt from Pioneer status. Seems like Pioneer status is only for "new products", and lasts for 5 or 10 years.

Can windfall tax technically be imposed on gloves then?
Topglove incorporated in 1991
Supermax incorporated in 1987
Harta incorporated in 1988

All of them more than 10 years old. With TGlove reaching 20 years in 2021. The maths says they don't qualify for pioneer status anymore given the years of incorporation, unless there are better/newer articles of late on the gloves sector to incentivise this sector.

Can the windfall tax be imposed by govt then?
Ethically taxing gloves now, will pass on the cost of tax from gloves companies to buyers of gloves. ie, you, me, and other countries. Ethically speaking, the govt of Malaysia should not kick down a person who is already down - e.g. rising Covid and bad economy globally, but technically they can impose - if they are not ethical.

My 2cts.

Her ass on the line la. If she dont write, sure kena fired one.

The way I see it :
Team A - mid to long term players
Team B - short term players

The time frame by each team is different - that’s why one say buy one say sell. Both correct but each side didn’t say whether they represent short mid or long term. Almost all glove forum threads are like this. Communication problem and misunderstanding and leading to mudslinging and bad mouthing each other’s vision and Strategy. A total waste of time trying to correct each other and emphasizing who is right or wrong.

About Nitrile glove : Factory allocated 2.5 million, got CE&FDA and can export. Each month can allocate/slot for 625k. So total 4 month to complete the 2.5million. Price Rmxxx/box. All payment to the lawyer account with MOU and follow with S&P. Terms 50% payment DP to lock order & production and balance 50% - 7 days prior to collection. This method apply for each and every month. Example 625k x Rmxxx/box = Rmxx,xxx,000 so have to pay Rmxx,xxx,x00 to pay to the lawyer account and the balance RMx, xxx,xxx to pay 7 days before the product ready for collection

klinvest - tq for the homework.

see wrongly - sorry

Eh? Why MTAG cannot trade today?

Jointheboat - what bursa app is this? Pls share. I have an underutilized Broking acct somewhere else and not in mbb.

Maxam - but Riverstone is in Singapore SGX, not in Bursa.
icebreak = Top 4 in my head, TopGlove, Harta,Supermax, Kossan. Who is the fifth? Comfort?

Maybank KIM ENG analyst in the video early this week says there are TOP 5 Glove makers.
I know only 4. Who is the 5th one?

Hi all,

When I look at i3, I saw Comfort's QR is 24th Jun. However, if I go to CGS-CIMB QR calendar I don't see Comfort's name in the 24th Jun slot.

Is there anyone/any link where we can confirm that Comfort's QR is on the 24th Jun (this month)?

tq

OTB sifu, How long do you think this margin call war will last? The whole entire of this week? (means, the whole week is a buy opportunity?)

Of course, the 3rd option is to collect dividend and sell at annointed TP. That's having the cake and eat it too. But I think that rarely happens?

Hi all,
Can I ask what is your selling strategy?

With Ex date around the corner on 5/6, what is the selling strategy?

1. Sell before dividend (bcos demand of stock is high to the run up of dividend?)
or
2. Sell after dividend (collect dividend of 0.02 per share + take profit/loss depending on price of share after ex-date).

TQ SALAM and Panorama1.

Does it mean that if I sell on the 5/6, then i will still receive payment on 22/6 right?

What then, does entitlement date means (9/6)?

I don't usually play dividends and look at their issues.

For MTAG :
Interim Div : 0.02
Ex Date : 4/6
Entitlement : 9/6
Payment : 22/6

Does this mean i have to keep mTAG until 22/6 for payment of dividend then only I can sell, or I will have rights to the divided on EX-Date (what does this mean anyway?). And what does Entitlement date means?

Hope someone can help enlighten. TQ

Cup and handle formed.

Starbiz today : QL may not be listed. KLCCP is the one being considered.

Macquarie report , published 06:50 29th May 2020 GMT.
TOPG.MK = Outperform, TP : 20.50
Written by Denise.Soon@macquarie.com

https://www.theedgemarkets.com/article/turkey-year-top-gloves-acquisition-aspion-induces-buyers-remorse

Some more news between Adventa / Top Glove.

The later, this news :

https://www.nst.com.my/business/2017/10/294595/adventa-denies-being-top-gloves-acquisition-target

https://www.theedgemarkets.com/article/adventa-says-no-longer-involved-surgical-glove-business

2017 news :
KUALA LUMPUR (Oct 24): Adventa Bhd said today it no longer manufactures surgical gloves after the company sold the business to Aspion Sdn Bhd in 2012.

Today, medical-service provider Adventa said this in a statement to Bursa Malaysia in response to The Edge Financial Daily's (Edge FD) report.

Edge FD, quoting two industry sources, reported that Top Glove Corp Bhd is said to be acquiring the privately-held surgical glove operations of Adventa.

The drop is quite usual especially on short trading week with ngam ngam T 2 from wed to thu. It is for remisier to force sell for those who can’t pay

@ml2020 - sorry if what I posted offended you. I didn't mean to.
I only mean to regurgitate what I read. I usually only post factual info which I extract from somewhere I read, and interpret from there. Hope you win millions.

Have to be careful.
In the SPA agreement between Ansell/K+, there is a clause 2.6 which states :

Upon completion of the Proposed Disposal, CMSB will no longer be a subsidiary of Careplus Group. This means, the company, CMSB which is making glove, and it's profits will not come under Financial reporting of CAREPLUS GROUP SDN BHD anymore. However, for the 50% sale, Careplus Group Sdn Bhd, gained approx RM17.979 mil - so, there is a euphoria of cash for short term, though.

So the question is, how will the market take this news?

https://www.theedgemarkets.com/article/malaysian-glove-maker-now-among-top-15-biggest-cap-stocks-sgx

Top Glove Corporation
Still has room to grow ASPs
■ We turn more positive on TOPG’s earnings prospects as we expect more
aggressive ASP increases, leading to stronger margin expansion.
■ With a longer order lead time of 11-12 months, TOPG is likely to be able to
push for higher ASPs given the current favourable supply-demand dynamics.
■ Reiterate Add, with a higher TP of RM16.50 (36.8x CY21 P/E).
More positive catalysts on pent-up demand for gloves
We gather that Top Glove’s (TOPG) current order lead time has further extended to 11-
12 months (vs. our assumption of 8 months previously), which gives TOPG a longer
order book visibility to up to May-Jun 2021F. This is given the favourable supply-demand
dynamics in the glove sector (owing to Covid-19). We understand that TOPG is
witnessing stronger demand from its existing customers and new customers (mainly endcustomers such as government and non-government organisations).
Inputting more aggressive ASP increases into our assumptions
With the strong global glove demand and longer order book visibility, we believe that
TOPG will be able to raise its ASPs more aggressively. In our previous forecast, we
expected TOPG to raise its ASPs by 5% per month between Jun and Oct 2020. In our
new forecast, we believe TOPG will be able to raise its ASPs by 10% per month from Jun
to Dec 2020. Based on our sensitivity analysis, a 1% increase in ASPs will lead to a 5.5-
7.2% increase in our FY20-22F EPS estimates.
Sufficient capacity to target ad-hoc orders
We gather that TOPG has been receiving more ad-hoc orders (10-20% of total glove
sales). These orders are mainly from non-government and government organisations and
typically have higher selling prices (premium of >30%) vs. recurring orders. In our view,
TOPG is able to cater to these ad-hoc orders as it has excess capacity, especially in the
latex segment (running at ~80% utilisation rate as at Feb 20 pre-Covid-19). Also, TOPG
will be able to leverage new glove capacity as its total production capacity will rise by 8%
(+5.9bn pieces p.a.) to 79.7bn pieces p.a. by end-2020F.
Raising our FY20-22F EPS by 7.8-44.9%
We raise our FY20-22F EPS by 7.8-44.9% due to: 1) higher ASP increases, and 2) better
profit margins from higher economies of scale and lower raw material prices (nitrile
butadiene and natural latex prices have declined 14% and 7% YTD, respectively).
Reiterate Add, with a higher TP of RM16.50
We retain our Add call on TOPG, with a higher TP of RM16.50, pegged to 36.8x CY21
P/E, in line with +2 s.d. from its 5-year mean vs. 32x previously (+1.5 s.d.). In our view,
TOPG, as the largest glove maker globally in terms of production capacity (73.8bn pieces
p.a.), is the key beneficiary of the favourable supply and demand dynamics in the glove
sector currently, allowing it to capitalise on pent-up demand for gloves due to Covid-19.

Regarding this thread :https://klse.i3investor.com/blogs/xiaoqing88/2020-05-24-story-h1507829762-COMFORT_Red_Flag_Cautious_on_over_valuation.jsp

Additional info/context :

Remember : There are 583mil stocks in the market.

Dato' LEG has total of 129mil before he started disposing on 30Apr.
This means, before he started disposing, he has 129/583 ~ 22% stake.

And then he disposed approx 19 mil shares between 30Apr - 22May.
19mil = 19/583 ~ 3% of total market shares.

After disposing, LEG now have 129-19 = 110 mil shares in Comfort.
110/583 ~ 18.8 % stake in Comfort.

Back to history a bit :
https://www.theedgemarkets.com/article/lau-eng-guang-ups-stake-comfort-gloves-123
On 9,Aug 2016 (4 years ago), there is this news article he up his stake by buying more stocks, and I am sure throughout his involvement over the years, he has picked up and sold as well.

My views :
There are many transactions, therefore I believe he sold by "law of averaging".
Does the total shares he disposed affect comfort? My question is this - he sold 3% of total shares in the market, and he still have 18.8%; what do you think?

LEG is a owner of LHI, and if he doesnt sell shares when the shares goes up, when should he sell? Do you not think he is smart investor too? And we should think that when the shares goes up, he should buy more? Or he should keep and not sell to protect market confidence? What would you do, if you were him, given the context of the shareownerships he has in Comfort?

When he sells his shares, it's a win-win for Comfort (his sons) and the Company owners and shareholders alike.

1. He cash out his investment - and he can reinvest back into LHI or use the cash somewhere else.
2. His son's company- Comfort - now have more liquidity in the market for the market to move the shares to the right price point.
3. He is also selling as a "minority" share owner. And the visual/signal sent to the market is different from the selling of a majority share owner.

my 2 cents.
my practice is - when info is shared, read it with a wider context. And, I could still be wrong but I narrow my chances of being wrong.

DK66, appreciate your add. Thank you

IMHO - Mask can be produced by Aunties, Uncles, and Trump's bandana. People can make do. You can't manufacture glove.
This is not to say masks counters, sanitisers (can wash with soap?), are not impt - but the mainplay will still be gloves. My 2 cents.

when is HLT QR?

Mr OTB - how do I subscribe to your email subscription? Am newbie and wanted to learn.

From Trendspotter report (CGS-CIMB) -
U.S. stocks fell for the first time in four sessions after reports circulated that Moderna Inc.’s vaccine study, which was credited in part for
Monday’s rally, didn’t produce enough critical data to assess its success

What does this means ??
New shares on the market?

Stock [TOPGLOV]: TOP GLOVE CORP BHD
Announcement Date 19-May-2020
Listing Date 20-May-2020
New type/class? No
Type Others
Details Exchanging of 5 years Guaranteed Exchangeable Bonds 2019/2024 into ordinary shares
No. of shares issued 2,087,863
Issue Price Malaysian Ringgit (MYR) 6.100
Par Value - 0.000
Total NOSH 2,567,595,089

Hi - Does anyone know when HLT will post their next quarterly report?

CGS-CIMB writeup :

Hartalega Holdings
Leading the charge on Covid-19
■ FY3/20 core net profit of RM472m came in at 106% of our and 103% of
Bloomberg consensus estimates.
■ We expect Hartalega to record 63% yoy growth in FY21 net profit from: i)
higher ASPs, ii) increase in glove sales and iii) higher economies of scale.
■ Reiterate Add, with a higher TP of RM10.80 (47.3x CY21 P/E).
FY3/20 core net profit beat estimates from lower raw material prices
4QFY3/20 core net profit came in at RM152.1m (+71.6% yoy), bringing FY3/20 core net
profit to RM472m (+4.1% yoy). This is after adding back one-off losses (forex and
derivatives) of RM36.5m in 4QFY20 and RM37.4m in FY20, respectively. This came in
above expectations at 106% of our and 103% of Bloomberg consensus estimates. We
attribute the earnings beat in 4QFY20 to lower-than-expected raw material prices.
4QFY20 core net profit rose 26% qoq
4QFY20 revenue waned 2.3% qoq, as a result of flattish sales volume (+0.03% qoq) and
lower selling prices (-2.3% qoq). The latter was a result of Hartalega passing on cost
savings from lower raw material prices to its customers. Nevertheless, core EBITDA
margins rose 2.6% pts qoq, benefitting from lower raw material prices (declined 5-7%
qoq) and ongoing cost-saving initiatives. Accordingly, 4QFY20 core net profit rose 26%
qoq to RM152.1m, further aided by a lower tax rate of 15.9% (-7.9% pts qoq).
ASP increase on the cards
On the back of strong global glove demand due to Covid-19, Hartalega plans to increase
its selling prices (ASPs) by a minimum of 5% each quarter in both 1QFY21 and 2QFY21.
On top of ASP increases and higher economies of scale, we expect Hartalega to record
gradual capacity increase and margin expansion from a further decline in raw material
prices (we estimate that nitrile butadiene has dropped 14% YTD, respectively).
Ramping up its capacity expansion plans
At this juncture, Hartalega has installed 4 out of 12 lines at Plant 6 (4.7bn pieces p.a.) in
its Next Generation Complex (NGC). Despite some delays due to the Movement Control
Order (MCO), it has resumed line installation works and plans to expedite its plans to
install 1.5 lines every month from 1 line a month previously. The first line in Plant 7 (3.4bn
pieces p.a.) is expected to be operational in 4QFY21 (1QCY21). Both plants are
expected to raise Hartalega’s total installed capacity by 22.1% by end-FY22.
Reiterate Add, with a higher TP of RM10.80
We raise our FY21-22F EPS by 33.1-61.8% to account for: i) higher glove sales, ii) rise in
ASPs and iii) higher economies of scale. We also introduce our FY23 EPS estimates. In
tandem with our EPS hike, our TP rises to RM10.80 which is pegged to a higher CY21
P/E multiple of 47.3x, in-line with +2 s.d. of its 5-year mean from 40x previously. The
higher P/E multiple is to account for the current favourable operating environment from
Covid-19 and Hartalega’s position as the largest glove maker in KLCI by market cap.

Does anyone know when HLT will post their next quarterly report?