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2021-02-24 23:41 | Report Abuse
https://www.theedgemarkets.com/article/rubberex-posts-highest-quarterly-profit-4q-revenue-jumps-203
Rubberex Corp Bhd posted a fourth quarter ended Dec 31, 2020 net profit of RM59.44 million — 15 times the RM3.88 million it made in the corresponding quarter a year ago — and its highest quarterly net profit on record.
“The improved performance in the current quarter was mainly driven by the increased production output that had come on-stream, consistently strong demand and higher average selling prices of nitrile disposable gloves in the fourth quarter compared with the first nine months of the year.
"Moving forward, the group is expected to be on even stronger position in year 2021 as the order books for 2.5 billion pieces of nitrile disposable gloves have already been fully taken up. This division is also expected to contribute more significantly in terms of revenue and earnings to the group for financial year 2021,” it noted on its prospects.
In a separate statement, managing director Khoo Chin Long said disposable gloves will remain at the forefront of protection, safety and hygiene, notwithstanding vaccine roll-outs globally.
“We are well positioned to capitalize on the persistently robust market demand as our order books for 2.5 billion pieces have been filled up for the year. As such, we expect this division to contribute even more significantly in the coming quarters,” Khoo added.
2021-02-24 23:39 | Report Abuse
https://www.theedgemarkets.com/article/rubberex-posts-highest-quarterly-profit-4q-revenue-jumps-203
Rubberex Corp Bhd posted a fourth quarter ended Dec 31, 2020 net profit of RM59.44 million — 15 times the RM3.88 million it made in the corresponding quarter a year ago — and its highest quarterly net profit on record.
“The improved performance in the current quarter was mainly driven by the increased production output that had come on-stream, consistently strong demand and higher average selling prices of nitrile disposable gloves in the fourth quarter compared with the first nine months of the year.
"Moving forward, the group is expected to be on even stronger position in year 2021 as the order books for 2.5 billion pieces of nitrile disposable gloves have already been fully taken up. This division is also expected to contribute more significantly in terms of revenue and earnings to the group for financial year 2021,” it noted on its prospects.
In a separate statement, managing director Khoo Chin Long said disposable gloves will remain at the forefront of protection, safety and hygiene, notwithstanding vaccine roll-outs globally.
“We are well positioned to capitalize on the persistently robust market demand as our order books for 2.5 billion pieces have been filled up for the year. As such, we expect this division to contribute even more significantly in the coming quarters,” Khoo added.
2021-02-24 19:16 | Report Abuse
Singapore population very small. Only 4 Mil. So easy to control if spread. That is the risk they are taking. Same like when PM Lee says no need mask. But we all know mask is required to prevent transmission. LOL.
2021-02-24 19:14 | Report Abuse
You are only applying alcohol on that spot. Not the arm. But when you vaccinate, you touch the person on the arm, around the spot. LOL.
2021-02-24 19:09 | Report Abuse
To all glove supporters. Lets also support vaccine counters. Vaccine is the catalyst for additional huge glove demand.
2021-02-24 19:09 | Report Abuse
Our request to the current PN Government is to suspend RSS and ban IBs who manipulate share price.
2021-02-24 19:09 | Report Abuse
Salute PN and the current Government. They have demonstrated to the World the idle standard, medical efficiency and SOP in vaccination - full PPE.
You have our vote in the next GE. Kudos
2021-02-24 19:08 | Report Abuse
A new strategy now with TG and Supermax is to buy back when low. Build the treasury shares. When the time is right, issue as special dividend to shareholders.
2021-02-24 19:08 | Report Abuse
The only reason for price drop is panic sell. Fear created by naysayers. You sell they collect cheap. We are all collecting cheap. Our profit margin will be huge when price normalises very soon.
2021-02-24 19:08 | Report Abuse
To all naysayers - picture paints a thousand words. In this case milllions and billions of glove usage. YOU ARE WRONG OR MAYBE YOUR MANIPULATION DISCOVERED.
PM vaccination, powdered free latex glove used. Supermax is one of the largest manufacturer of this glove.
Health DG vaccination, a new pair of powdered free latex glove used.
The Indian gentleman vaccination, a new pair of powdered free latex glove used.
So new pair of glove for each vaccination. There will be 2 X doses for each person. Which would mean just for Covid 19 vaccination, glove demand will be in more than 70 million.
Then there are the nurses in the various stations using gloves, etc, etc.
Just like in Malaysia, Indonesia, India, Germany, USA, Australia, and most countries all around the world are using gloves for vaccination. This is to protect the medical staff and the patient. Its now an SOP and a new norm.
Due to virus variants, this will be a yearly affair. So Billions of glove demand yearly.
2021-02-24 19:07 | Report Abuse
To all glove supporters. Lets also support vaccine counters. Vaccine is the catalyst for additional huge glove demand.
2021-02-24 19:07 | Report Abuse
Our request to the current PN Government is to suspend RSS and ban IBs who manipulate share price.
2021-02-24 19:06 | Report Abuse
Salute PN and the current Government. They have demonstrated to the World the idle standard, medical efficiency and SOP in vaccination - full PPE.
You have our vote in the next GE. Kudos
2021-02-24 19:06 | Report Abuse
A new strategy now with TG and Supermax is to buy back when low. Build the treasury shares. When the time is right, issue as special dividend to shareholders.
2021-02-24 19:06 | Report Abuse
The only reason for price drop is panic sell. Fear created by naysayers. You sell they collect cheap. We are all collecting cheap. Our profit margin will be huge when price normalises very soon.
2021-02-24 19:05 | Report Abuse
To all naysayers - picture paints a thousand words. In this case milllions and billions of glove usage. YOU ARE WRONG OR MAYBE YOUR MANIPULATION DISCOVERED.
PM vaccination, powdered free latex glove used. Supermax is one of the largest manufacturer of this glove.
Health DG vaccination, a new pair of powdered free latex glove used.
The Indian gentleman vaccination, a new pair of powdered free latex glove used.
So new pair of glove for each vaccination. There will be 2 X doses for each person. Which would mean just for Covid 19 vaccination, glove demand will be in more than 70 million.
Then there are the nurses in the various stations using gloves, etc, etc.
Just like in Malaysia, Indonesia, India, Germany, USA, Australia, and most countries all around the world are using gloves for vaccination. This is to protect the medical staff and the patient. Its now an SOP and a new norm.
Due to virus variants, this will be a yearly affair. So Billions of glove demand yearly.
2021-02-24 19:05 | Report Abuse
To all glove supporters. Lest also support vaccine counters. Vaccine is the catalyst for additional huge glove demand.
2021-02-24 19:05 | Report Abuse
Our request to the current PN Government is to suspend RSS and ban IBs who manipulate share price.
2021-02-24 19:04 | Report Abuse
Salute PN and the current Government. They have demonstrated to the World the idle standard, medical efficiency and SOP in vaccination - full PPE.
You have our vote in the next GE. Kudos.
2021-02-24 19:04 | Report Abuse
A new strategy now with TG and Supermax is to buy back when low. Build the treasury shares. When the time is right, issue as special dividend to shareholders.
2021-02-24 19:04 | Report Abuse
The only reason for price drop is panic sell. Fear created by naysayers. You sell they collect cheap. We are all collecting cheap. Our profit margin will be huge when price normalises very soon.
2021-02-24 19:03 | Report Abuse
To all naysayers - picture paints a thousand words. In this case milllions and billions of glove usage. YOU ARE WRONG OR MAYBE YOUR MANIPULATION DISCOVERED.
PM vaccination, powdered free latex glove used. Supermax is one of the largest manufacturer of this glove.
Health DG vaccination, a new pair of powdered free latex glove used.
The Indian gentleman vaccination, a new pair of powdered free latex glove used.
So new pair of glove for each vaccination. There will be 2 X doses for each person. Which would mean just for Covid 19 vaccination, glove demand will be in more than 70 million.
Then there are the nurses in the various stations using gloves, etc, etc.
Just like in Malaysia, Indonesia, India, Germany, USA, Australia, and most countries all around the world are using gloves for vaccination. This is to protect the medical staff and the patient. Its now an SOP and a new norm.
Due to virus variants, this will be a yearly affair. So Billions of glove demand yearly.
2021-02-24 19:02 | Report Abuse
To all glove supporters. Lest also support vaccine counters. Vaccine is the catalyst for additional huge glove demand.
2021-02-24 19:02 | Report Abuse
Our request to the current PN Government is to suspend RSS and ban IBs who manipulate share price.
2021-02-24 19:01 | Report Abuse
Salute PN and the current Government. They have demonstrated to the World the idle standard, medical efficiency and SOP in vaccination - full PPE.
You have our vote in the next GE. Kudos.
2021-02-24 19:01 | Report Abuse
A new strategy now with TG and Supermax is to buy back when low. Build the treasury shares. When the time is right, issue as special dividend to shareholders.
2021-02-24 19:01 | Report Abuse
The only reason for price drop is panic sell. Fear created by naysayers. You sell they collect cheap. We are all collecting cheap. Our profit margin will be huge when price normalises very soon based on PE 15.
Also IBs are using this opportunity to press further for their warrants. They will be caught very soon.
2021-02-24 19:00 | Report Abuse
To all naysayers - picture paints a thousand words. In this case milllions and billions of glove usage. YOU ARE WRONG OR MAYBE YOUR MANIPULATION DISCOVERED.
PM vaccination, powdered free latex glove used. Supermax is one of the largest manufacturer of this glove.
Health DG vaccination, a new pair of powdered free latex glove used.
The Indian gentleman vaccination, a new pair of powdered free latex glove used.
So new pair of glove for each vaccination. There will be 2 X doses for each person. Which would mean just for Covid 19 vaccination, glove demand will be in more than 70 million.
Then there are the nurses in the various stations using gloves, etc, etc.
Just like in Malaysia, Indonesia, India, Germany, USA, Australia, and most countries all around the world are using gloves for vaccination. This is to protect the medical staff and the patient. Its now an SOP and a new norm.
Due to virus variants, this will be a yearly affair. So Billions of glove demand yearly.
2021-02-24 18:58 | Report Abuse
To all glove supporters. Lest also support vaccine counters. Vaccine is the catalyst for additional huge glove demand.
2021-02-24 18:55 | Report Abuse
Our request to the current PN Government is to suspend RSS and ban IBs who manipulate share price.
2021-02-24 18:54 | Report Abuse
Salute PN and the current Government. They have demonstrated to the World the idle standard, medical efficiency and SOP in vaccination - full PPE.
You have our vote in the next GE. Kudos.
2021-02-24 18:51 | Report Abuse
A new strategy now with TG and Supermax is to buy back when low. Build the treasury shares. When the time is right, issue as special dividend to shareholders.
2021-02-24 18:49 | Report Abuse
ST bought the luxury condo as an investment. Property market in the USA has dropped and he grabbed the opportunity. Its picking up and he will sell for a huge profit which he can use to invest back in Supermax.
2021-02-24 18:47 | Report Abuse
The only reason for price drop is panic sell. Fear created by naysayers. You sell they collect cheap. We are all collecting cheap. Our profit margin will be huge when price normalises very soon based on PE 15.
Also IBs are using this opportunity to press further for their warrants. They will be caught very soon.
2021-02-24 18:44 | Report Abuse
To all naysayers - picture paints a thousand words. In this case milllions and billions of glove usage. YOU ARE WRONG OR MAYBE YOUR MANIPULATION DISCOVERED.
PM vaccination, powdered free latex glove used. Supermax is one of the largest manufacturer of this glove.
Health DG vaccination, a new pair of powdered free latex glove used.
The Indian gentleman vaccination, a new pair of powdered free latex glove used.
So new pair of glove for each vaccination. There will be 2 X doses for each person. Which would mean just for Covid 19 vaccination, glove demand will be in more than 70 million.
Then there are the nurses in the various stations using gloves, etc, etc.
Just like in Malaysia, Indonesia, India, Germany, USA, Australia, and most countries all around the world are using gloves for vaccination. This is to protect the medical staff and the patient. Its now an SOP and a new norm.
Due to virus variants, this will be a yearly affair. So Billions of glove demand yearly.
2021-02-24 15:16 | Report Abuse
This is what all are waiting for. To see is gloves are used for vaccination. Yes and it's one pair for each patient. In every hospital and clinic. Imagine the demand. And this is just the initial doses, what about the booster doses for various variants.
So now its clear that vaccine is the catalyst for glove. And this will be for many years into the future.
2021-02-24 15:09 | Report Abuse
OMG climbing very fast. This is the manipulation.
2021-02-24 15:07 | Report Abuse
Confirm gloves are used for vaccination in Malaysia. PM receives the first vaccination and gloves are used. So the demand for glove will continue to rise.
IBs and RSS, are manipulating to buy cheap. Actually damn cheap now for a Billion PAT company.
2021-02-24 08:35 | Report Abuse
US new cases rising. Now at +69,086 and climbing. New deaths rising. Now at +2,326 and climbing. What happen?
2021-02-24 08:35 | Report Abuse
US new cases rising. Now at +69,086 and climbing. New deaths rising. Now at +2,326 and climbing. What happen?
2021-02-24 08:34 | Report Abuse
US new cases rising. Now at +69,086 and climbing. New deaths rising. Now at +2,326 and climbing. What happen?
2021-02-24 08:34 | Report Abuse
US new cases rising. Now at +69,086 and climbing. New deaths rising. Now at +2,326 and climbing. What happen?
2021-02-24 08:32 | Report Abuse
US new cases rising. Now at +69,086 and climbing. New deaths rising. Now at +2,326 and climbing. What happen?
2021-02-24 07:46 | Report Abuse
Numbers are officially out in the world meter. Look at USA with the mass vaccination
2 days ago – New Cases +58,423 New Deaths +1,243
Yesterday – New Cases +59,614 New Deaths +1,378
Now (5pm EST) – New Cases +60,975 and increasing New Deaths +1,920 and increasing
All these is because of the virus variant.
2021-02-24 06:54 | Report Abuse
WHO Official is trying to calm the World but reality is at least 2023 before they can get this pandemic under control.
2021-02-24 06:53 | Report Abuse
Numbers are officially out in the world meter. Look at USA with the mass vaccination
2 days ago – New Cases +58,423 New Deaths +1,243
Yesterday – New Cases +59,614 New Deaths +1,378
Now (5pm EST) – New Cases +60,975 and increasing New Deaths +1,920 and increasing
All these is because of the virus variant.
2021-02-23 14:32 | Report Abuse
He is enjoying his success. Nothing wrong. He is worth billions.
Similarly to all supermax shareholders - if you do not panic sell, you too will enjoy spermax success.
2021-02-23 08:27 | Report Abuse
Bursa has already extended the suspension on IDSS and PDT Short Sale. This is indeed good news.
Hopefully Bursa also suspends RSS and IBs that manipulate share price.
Stock: [ERDASAN]: ERDASAN GROUP BERHAD
2021-02-25 07:11 | Report Abuse
https://www.theedgemarkets.com/article/rubberex-posts-highest-quarterl...
Rubberex Corp Bhd posted a fourth quarter ended Dec 31, 2020 net profit of RM59.44 million — 15 times the RM3.88 million it made in the corresponding quarter a year ago — and its highest quarterly net profit on record.
“The improved performance in the current quarter was mainly driven by the increased production output that had come on-stream, consistently strong demand and higher average selling prices of nitrile disposable gloves in the fourth quarter compared with the first nine months of the year.
"Moving forward, the group is expected to be on even stronger position in year 2021 as the order books for 2.5 billion pieces of nitrile disposable gloves have already been fully taken up. This division is also expected to contribute more significantly in terms of revenue and earnings to the group for financial year 2021,” it noted on its prospects.
In a separate statement, managing director Khoo Chin Long said disposable gloves will remain at the forefront of protection, safety and hygiene, notwithstanding vaccine roll-outs globally.
“We are well positioned to capitalize on the persistently robust market demand as our order books for 2.5 billion pieces have been filled up for the year. As such, we expect this division to contribute even more significantly in the coming quarters,” Khoo added.