Good news for all glove counters, sit tight.

Posted by emil > Jul 6, 2020 7:18 AM :Game over AT. Bought a loss making Pearl Glove

So, make sure you dump all your holding at any price. It is going to be doom day.

Posted by Taikucing > Jul 3, 2020 11:06 PM : healthy stock will move in zig zag pattern..no price always go up, up, up like that. there comes a time when it has to go down, and go up. if the price goes down, and hit your cut loss price, please follow your trading plan. respect it. no need to say this counter is syndicate or what

Bro, Well said. If one can't afford to lose, don't get in. It's like getting into a gambling table, win wanted to grab but lose blame the house.

Once FDA approval is officially announced, will be another record high. Good to grab more to keep, best ROI in history.

Looking at the past 30 days chart, those who came in 2 weeks ago would be cashing up. Those who came in 30 days ago laughing to the bank. Moral of the story is to have holding power and patience to sit on it, not jumping panic at every naysayer comments.

Posted by greedy44444 > Jul 4, 2020 4:06 PM : As usual in bursa, buy on rumour, sell on news. The news is out so the price may drop further, but if you think the deal is very damn good then you can buy lower and keep for sometime for it to reverse it's uptrend again.

Yeah, I am waiting and preying everyday for it to drop but it still having strong support around 0.10. Naysayers should work harder to pour more poisons. If not, how to goreng till the bank.

Naysayers keep speculating that if Pearl Glove has the capability and experience to manufacture Nitrile Glove could check out their nitrile glove range at http://www.pearlglove.com.my/index.php/products, just that it is not specialised for medical / health industry but the learning curve is definitely not from scratch.

It is NO longer IF and WHEN the 2nd wave coming, it is already reported by all major news portal that it is ALREADY happening in most of the world top Covid-19 countries. A simple google search https://www.google.com/search?q=covid-19+2nd+wave will tell you everything.

Over the past few days, most major Market Analyst published their bullish report basically saying the same thing, HIGH DEMAND HIGH GROWTH for the years to come.

Nitrile Gloves Market Expected to Witness High Growth over the Forecast Period 2020 - 2025
http://news.marketsizeforecasters.com/nitrile-gloves-market

https://3wnews.org/uncategorised/1829855/market-live-global-medical-exam-gloves-market-can-deliver-up-to-high-cagr-over-the-next-few-years-covid19-impact-analysis-top-glove-sri-trang-group-ansell-halyard-health-kossan-rubber-etc-i/

http://eas.taonline.com.my/eas/dailybrief/res/rsh_complete.pdf

#Bursa Wolf > Jul 4, 2020 12:04 AM : the acquisition is real, otherwise no need to form this subsidiary.

The Acquisition is a DONE deal. Signed & Sealed on 26 June that has its stock price on 29 June (next trading day) gained about 70% shoot from 0.095 to 0.16 less than a day. Unfortunately, it's poor QR ended 31 March 2020 pulled it back down.

The key question is Will it rise back up and when? Once ATS officially announce installation & production of medical glove that stated in SSA to be within 4 months after acquisition, right about yearend winter when Covid-19 expected to peak.

#mh87 : The expansion plan is part of the SSA that clearly stated to allocate approximately RM36 million to install and commission a total of 4 new production lines for the manufacture of medical grade nitrile examination within the next 4 months upon completion of the acquisition of PGSB .

Some were questioning why would PGSB accepted RM22mil acquisition but they did check out the SSA in full? It included expansion plan of approximately RM180 million, being part of a dynamic listed entity and an experience team of directors.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=104378&name=EA_GA_ATTACHMENTS

These additional production lines are intended to be installed at PGSB’s existing manufacturing facilities. The estimated capital expenditure required to install and commission all the 20 production lines is approximately RM180 million.

As a start, the Group intends to allocate approximately RM36 million to install and commission a total of 4 new production lines for the manufacture of medical grade nitrile examination within the next 4 months upon completion of the acquisition of PGSB. With the 4
production lines, the Group will have an annual production capacity of approximately 600 million pieces medical grade nitrile examination gloves per annum.

#leekeanlam78 : CNN reported most of the world top Covid-19 seeing new daily high. The demand for medical glove will sky-rocket even higher.

https://edition.cnn.com/2020/07/03/health/coronavirus-lockdown-lifting-deadly-charts-intl/index.html

Quite standard clause in SSA, here is the full copy disclosed to Bursa http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=104378&name=EA_GA_ATTACHMENTS

It include the answers to Naysayers speculation that ATS no money to pay, cancel deal, etc...

Renewable energy like Solar is going to be the next revolution with China taking lead and developing solar powered products.

There is no IF they will cancel deal last minutes because they ALREADY SIGNED SSA to acquire 100 percent of Pearl Glove Sdn Bhd (PGSB), for an amount of RM22 million a WEEEK ago.

Here is the link for your reading pleasure.

https://www.businesstoday.com.my/2020/06/27/at-systemization-diversifies-into-the-glove-manufacturing-sector-with-the-acquisition-of-pearl-glove-for-rm22-million/#:~:text=ACE%20Market%2Dlisted%20AT%20Systematization,an%20amount%20of%20RM22%20million.

https://edition.cnn.com/2020/07/03/health/coronavirus-lockdown-lifting-deadly-charts-intl/index.html

Why the glove counters jump to record high? Because most of the world top Covid-19 countries is now reporting (not just predicting) record high new infection at alarming rate. Look at US, Europe, Brazil, Russia, India, etc.. charts.

What does this means? The demand for glove worldwide will see another wave of record high, so will be its stock price.

How is this affecting ATS? It just completed acquisition process of Pearl Glove, just need an official announcement on the start of its production line will officially put into the field of medical glove manufacturer.

So, what's more poison naysayers having? Keep accusing without any substantiated facts is just like pasar aunty for not getting demanded discount.

Those who came in few weeks back at 0.05~0.06 had triple return when it reached its peak at 0.18. Those who came in last week at 0.09 would also gained more than 60% when it peaked 0.15 this week.

So, those who buy and sell at the right time gained huge profit in matter of weeks.

nicholas99 : Some say Operator manipulating market to keep price low while another say this is pump and dump, everyday different theories and stories but the bottomline is the high trade volume show it's actively attracting buyers, so what's attracting them?

#God999 : Exactly my thought, was hoping for it to drop till 0.08 to add more but it is strongly supported around 0.10. The naysayers poison not powerful enough, or probably they are the one who sweeping all at 0.09.

I can't help but wonder if this Mak is God/Devil of Stock who can fight against market force. Did a google search show an impressive records.

Stock market is never predictable, otherwise everyone laughing to the bank.

It jumped high from 0.09 to 0.16 and dropped back to 0.10 on the QR dated 3 months back. 2nd Quarter just ended to reflect it's latest performance. Also it's plan to install lines of medical glove production line is not too far away.

EatCoconutCanWin : If you making your bet base on the comments here, the more you read, the more you can't sleep. When price is up, some will say going down soon. When it is down, it say will go down further. So when can you sleep well?

#sting79 , I fully agree with you that one need to their homework and invest base on their analyst, not comments from naysayers. Otherwise, one would only get confused by the smokers.

As could be seen on this and every other counters, some hoping their comments here could influence the market but making wild unsubstantiated accusations, but how much buying / selling force here?

Let's keep our head cool, it's better to spend the time and energy to make money than make enemy.

Everyone is entitled to their opinion and theories, there is no need resort to name calling but at least to substantial your claim / accusations. Otherwise one just shooting his own foot and make himself a clown, though it help to keep this thread active and entertaining.

Few keep accusing Mak and Operator to manipulate the market and price, but why didn't anyone answer when I raised the question how could one fight against market force with 4~6 mil volume? If one has that much fund, why focus to goreng a penny stock, why not make more from bigger counter? Can any experts care to comment and enlighten?

Still holding 2 batches, haven't sold any. I am more than happy waiting to add more. Newton law, whatever go up must come down.

Among the sohai on Q to add more, been waiting for 0.080 but some suggesting 0.06 or even better 0.03.. ohh I am not too greedy, but looks like panic seller gone, left with bilis.

#menort.. your posts really eye-opener, it's either you in the counter knowing all the insight or bull in the ring fighting. Anyhow, good to have both side of the views.

Why buying support at 0.095? Why not wait till it drop to drain first? Some sozai buy on rumors and sell on news, so wait till noon for THE news.


Posted by Win_son > Jul 1, 2020 11:05 AM | Report Abuse

If you were Pearl Glove, would you sell your company at 22m?
Maybe this is goreng counter perhaps?

It is no longer IF, it is a DONE deal, signed & sealed. Yes, pump 22mil to goreng a penny counter, where's the common sense?

Willing Buyer Willing Seller, Sohai Sell also need Sozai to Buy, perfect match in heaven. Haiz... I am still waiting for 0.08, now go back up.

Funny, why no one is selling at 0.085 or lower? Should quickly dump all, worse is coming. hehehe

Panic Seller should quickly dump everything, so that buy Q shorter. Where are those naysayer this morning? All laughing behind screen waiting for their buy Q filled?

The worse is yet to come. Let panic seller sell off at loss so that Naysayer could have buying spree. Otherwise, how to grab at good price and laugh to the bank.

Everyone blaming the QR ended 31 March, but did anyone spare a second to look back the stock price and market condition at that time? All major stocks crashed and tumbled free fall worldwide.

Around March, its ranging from 0.03 ~ 0.04 matching it's value at that time. It started to grow in May when it started it's venture to Sanitizer Station and currently acquired Pearl Glove to venture to medical glove market.

Are all these new ventures worthless and dead? How could anyone judge the value of a company base on historical data, just like you guessing a stock price base on 3 months old data.

Secondly, how could they acquired the entire share of PG if they couldn't afford it and why would they make such huge investment? Does it make any sense for such major investment and effort if intention is to push and dump.

Thirdly, many expert accusing operator manipulating its price. How huge is the fund to fight against market force with 6 mil volume of transactions? With such a huge fund, why not make easier profit at any other counter? Is this logical?

Of course, I stand to be rebutted and hold to my judgement. See you the other side of the bridge, jump or cross is your call.

#veebee , that's the problem, if one invest base on forum comments are bound to hit wall. There are just too many 先家 with their stories and theories.

Anyway, it's too early to say anything now, let's wait till tomorrow.

It looks all doom with the financial report ending 31 March and it will get even worse tomorrow with 6 mil warrant sell off, plus contra player for last 2 days running out of time. Just the right time for perfect storm. Best to dump all before panic selling.

Murphy Law whatever can go wrong will go wrong. Panic Buyer / Seller is the one feeding the sharks and naysayer, but there won't be demand and profit without them.

BTW, why didn't anyone complaint the manipulator pressing the price down now? It's going to be crazy shopping spree for those who knows better.

Newton Law whatever go up will always come down. If not, all contrader using free money. Market is controlled by demand and supply. If there are no hungry buyer, the price point meeting the sell/buy demand. Price climb high when there is aggressive buyers / drop drastically when more panic sellers, either scenario is unhealthy in long run.

Interestingly, how anyone could afford to manage the volume, especially yesterday with Transaction Volume of 6,877,819 among the most active counter. Work out your maths to sound logical.

All the big boys has to park somewhere, where will you put your chips? Today result is pretty obvious.

AT 0.140 0.030 (+27.27%)
Carepls 1.460 0.180 (+14.06%)
Supermax 7.720 0.870 (+12.70%)
Topglov 15.700 0.800 (+5.37%)
Hartalega 12.500 0.560 (+4.69%)

Will the strong performance of big boys overflow to AT tomorrow? What's your take?


https://klse.i3investor.com/blogs/trading_idea/2020-06-29-story-h1509652835-Evening_Market_Summary_29_Jun_2020.jsp

The FBM KLCI (+0.4%) recovered all its’ intraday losses owing to the lingering concern over rising cases of Covid-19, shored up by eleventh hour buying interest in gloves heavyweights as the key index snapped a four-day losing streak. Market breadth, however, stayed negative as losers overpowered the gainers on a ratio of 662-to-371 stocks. The healthcare sector (+4.8%) outperformed the mostly negative broader market led by gains from Supermax (+87.0 sen), Top Glove (+80.0 sen) and Hartalega (+56.0 sen).

#Fundamental123 ,

Don't get me wrong, just thought you probably has better insight for such comment. You are right, whatever go up will always come down, just a matter when and how much. That's the basic of Newton law and of course there is also Murphy Law.

Thanks, I wish everyone making big money too, that's the purpose of everyone here.

#Fundamental123 ,

Interesting comment, care to enlighten how you conclude this? Some insight would be helpful instead of shooting blank.

Jump 30% right at start, don't miss the train. Many targeted to hit over 0.20, some expecting 0.25 this week. Wow, that's exciting.

All the analyst indicators are strongly positive, what matter most is how the market reacting to it's plans. Major plans are in place to jump start on Monday morning, sit tight for the ride.

Naysayer can stay aside with their theories and catch up later when they awake.

"As a start, the Group intends to allocate approximately RM36mil to install and commission a total of 4 new production lines for the manufacture of medical grade nitrile examination within the next 4 months upon completion of the acquisition," it said.

I bet medical glove will continue to be in demand for the rest of the year and beyond, otherwise how all the major glove players thrived over the years.

With initial targeted yearly volume of 3 bil, there are plenty of room to grow catching up with big boys. It's huge blooming market with few international players.

Getting FDA approval is only necessary for US market, SEA market are big enough for the start.

Some good read on the glove market by one of the most well known savvy investor and philantropist, Koon Yew Yin

https://klse.i3investor.com/blogs/koonyewyinblog/2020-06-25-story-h1509591455-Glove_stocks_are_dropping_what_you_should_do_Koon_Yew_Yin.jsp

#Real , I agree with you that before Covid-19, medical glove is always in demand by looking at the biz of bigger glove companies.

With the acquisition press release right on Fri night definitely give amber time for the big players to plan their move. It's going to be interesting to see how high it could reach.

Like I posted earlier, US 2nd wave is more surely than likely, it's official on news now at https://edition.cnn.com/2020/06/24/opinions/covid-19-increase-warp-speed-us-sepkowitz/index.html and it will peak in coming week. Similar trend will spread to other Europe & UK, leading to another round of panic again.

Meanwhile, https://www.cnbc.com/2020/06/24/stock-market-news-futures-coronavirus.html reported The Dow Jones Industrial Average closed 299.66 points higher, or 1.2%, at 25,745.60. The S&P 500 ended the day up 1.1% at 3,083.76. The Nasdaq Composite also advanced 1.1% to 10,017 .

So, let's see how this trending over here. Naysayer can continue their rants.

Stock trading take more than gambling, it involved quantitative analyst, news feeding & market understanding. If one buy a share by just looking at the graph, that's as good as gambling with close eye. Even at Genting, you will see the trend of past result before placing your bet.

Key factors to be considered.

1. Have the major holders dumping their stock? If not, there must be a solid reason why they still holding while price keep dropping.

2. If you check more carefully, it's lucrative warrant is expiring and a correction to balance off.

It's good time to grab some to keep while it's still low.

https://www.worldometers.info/coronavirus/ provide a good world stats of each countries new cases. Though most of the time, the real figure could be several times higher.

@NorthStar ,

I definitely agree with you that being a small company, they could maneuver faster to take lead. Just few weeks back, many still doubting their ability to produce their Sanitising Station and now it's already out in market. The Sanitising Station has not really capture much market share or big deals yet but it's price jumped from 0.05X to 0.1XX, about 3X in weeks. So there are plenty of room for potential growth base on this alone.

Like you said, licensing is just a matter of getting a piece of paper, especially if it is an essential item in high demand. With limited capacity, I think M'sia and SEA market is more than sufficient.

If getting into building Santising Station market could push it's price to jump 3X, how much higher it will grow with Medical Glove market? Putting aside, how much market share could they capture.

@maxprofit2020

My pleasure. Those are general basic info easily avail with a simple google search, but many choose to listen to unverified rumuors and wild guess that could shake the confidence of innocent public. It's our duty as investor to put forward factual info to fight against fakers, not just by holding the stock in silence.

2nd wave is more surely than likely to come, it is a matter how hard and fast it is hitting. I wouldn't imagine the height of the next tsunami, those stocks there were badly hit will get worse and those on demand will be push to next peak.

With price stabling against selling pressure, it surely reflect the holding power and confidence of their holders. It is just a matter of right timing for the climb to start.

If their subsidiary could rush for application soon, FDA is making it is easier for application.

https://www.fda.gov/medical-devices/personal-protective-equipment-infection-control/medical-gloves-covid-19

To help expand the availability of medical gloves, the FDA is providing regulatory flexibility, as described in the enforcement policy for gloves that is in effect during the COVID-19 public health emergency.

Getting a local product certification is no rocket science, http://www.lgm.gov.my/SMGCert/Specific%20Application%20Issue%20No%201.pdf . If you could afford to invest into a niche market, you would have got all the necessities in place.

With Beijing 2nd wave, US & Europe surely to come, there is no better position in once a century golden opportunity

Why not peep at other bigger darling counters with solid record?

AT -0.005 (3.85%)
Comfort -0.01 (0.37%)
Supermx -0.28 (3.88%)
Carepls -0.06 (4.51%)
Topglov -1.00 (6.37%)

Each has their views and judgment but to cry thieve and jumping on a 0.005 drop is just madness. Better to keep your pennies in piggy.

It was well supported at 0.145 ~ 0.150 for entire Friday, with mostly buys by end of the day. Looks good to jump start on Monday.

https://www.theedgemarkets.com/article/systematization-surges-acquisition-glove-maker?type=malaysia