Supermax sees hit to Q2 22 earnings as it audits forced labour indicators https://www.malaymail.com/news/money/2021/10/22/supermax-sees-hit-to-q2-22-earnings-as-it-audits-forced-labour-indicators/2015169

MIDF Research downgrades Supermax to ‘trading sell’, target price revised downward https://www.malaymail.com/news/money/2021/10/22/midf-research-downgrades-supermax-to-trading-sell-target-price-revised-down/2015166

Market Preview - Upbeat outlook for Bursa next week, KLCI may retest 1,600 key level https://www.theedgemarkets.com/article/upbeat-outlook-bursa-next-week-klci-may-retest-1600-key-level

Market Preview - Upbeat outlook for Bursa next week, KLCI may retest 1,600 key level https://www.theedgemarkets.com/article/upbeat-outlook-bursa-next-week-klci-may-retest-1600-key-level

美国禁入口 速柏玛遭3重打击 https://www.enanyang.my/财经新闻/美国禁入口-速柏玛遭3重打击

Prospects:
COVID-19 and continuing economic uncertainty resulting from it, continues to have a major
impact on consumer confidence and business activity. However, as the vaccine rollout
program continues to make significant inroads, the current and following quarters should
result in further easing of curbs on movement and activity, ahead of a comprehensive
reopening by the end of the year. This, combined with an expected rebound in global
demand, should help to lift consumer confidence during the next quarter and beyond.
The Group plans to take advantage of this improved sentiment with the launch of its third
KL project – Est8@Seputeh - in the next quarter. There has been encouraging buyer interest
in the project and we expect that interest to translate into solid take-up rates when the
project is formally launched.
The management recognises the fact that COVID-19 is an unexpected event that we, like
other businesses, had no prior experience in handling. We vow to do our utmost to minimise
the disruption to our business, both in the short and medium term. We are pleased to report
that the progress of our projects, as well as potential sales, have been in line with our
forecasts and trends. We are quite certain, other than some short-term fluctuations in our
financial numbers, the resilience of the Group, as well as its prospects, are going to be
satisfactory over the medium term.

Analyst downgrades as Supermax hit with US ban https://www.thestar.com.my/business/business-news/2021/10/22/analyst-downgrades-as-supermax-hit-with-us-ban

Khairy: Fully vaccinated Sinovac recipients to get booster shots of Pfizer vaccine from Oct 22

https://www.klsescreener.com/v2/news/view/897889

https://www.reuters.com/business/autos-transportation/foxconn-says-looking-making-evs-europe-india-latin-america-2021-10-20/

https://www.theedgemarkets.com/article/construction-group-ageson-sell-portion-industrial-land-perak-rm279m

Kossan 3Q earnings plunge 50% q-o-q to RM528m https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m

Highlight - US import ban expected to have significant impact on Supermax's earnings, say analysts https://www.theedgemarkets.com/article/us-import-ban-expected-have-significant-impact-supermaxs-earnings-say-analysts

Kossan 3Q earnings plunge 50% q-o-q to RM528m https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m

Kossan 3Q earnings plunge 50% q-o-q to RM528m https://www.theedgemarkets.com/article/kossan-3q-earnings-plunge-50-qoq-rm528m

Top glove news

https://sg.news.yahoo.com/canadian-news-outlet-exposes-poor-083217521.html

Canadian news outlet exposes poor working, living conditions at Malaysia’s Top Glove
Coconuts KL

https://sg.news.yahoo.com/canadian-news-outlet-exposes-poor-083217521.html

It may take the ban half a year to get lifted.
----

Another Malaysian glove manufacturer, WRP Asia Pacific, was also put on the CBP withhold release order in September 2019 after charges that its gloves were produced through forced labour.

The ban was lifted in March 2020 based on information obtained by CBP showing that the company was no longer producing its rubber gloves under forced labour conditions

Hot Stock - Supermax plunges after US said will detain company subsidiaries-made glove imports on forced labour allegations https://www.theedgemarkets.com/article/supermax-plunges-after-us-said-will-detain-company-subsidiariesmade-glove-imports-forced

Steel prices are set to go up further due to the expected coal or power shortage and rising raw material prices in China that will potentially weigh on the earlier-anticipated price correction, according to a report.
https://www.hellenicshippingnews.com/no-respite-for-steel-users-as-prices-likely-to-remain-high-report/

ARBB
https://klse.i3investor.com/servlets/stk/7181.jsp

“As digital technologies are rapidly reshaping industries, the group is also looking to create a platform for investments into companies with digital technology such as Internet of Things and artificial intelligence that will serve as an extension of our smart metering development in the areas of urban solutions and sustainability, as well as emerging technology,” he said in a statement.

https://www.thesundaily.my/business/george-kent-eyes-railway-growth-following-rm53m-jv-disposal-EM8482305

售完LRT3 50%股权 乔治肯特放眼新商机 https://www.enanyang.my/财经新闻/售完lrt3-50股权-乔治肯特放眼新商机

George Kent wants to be a next Arbb? What happened to their glove business?

Nasdaq was up for the two consecutive days.

Nasdaq was up 0.84% yesterday.

I used to have only tech stocks in my portfolio. But now my portfolio is very diversified. It consists of construction, financial, steel and consumer stocks as well as tech stocks. I diversified it because I felt Bursa would be a bull market in the rest of 2021 and 2022.

https://www.khind.com.my/

Very low P/E

Demand for electrical products has been boosted by remote work, eating home and staying home for longer hours. In other words, a new life style affected by corona virus has boosted demand for electrical products.

SamChem

Oka corporation

I feel Bursa will be a bull market in the rest of 2021 and 2022 like in 2017. KLSE will probably hit 1700 in 2022. Why? The oil price recovered. Construction stocks seem to have hit the bottom. A lot of construction work has resumed.

https://www.freemalaysiatoday.com/category/nation/2021/10/16/work-to-begin-on-120-construction-projects/

https://www.freemalaysiatoday.com/category/nation/2021/10/16/work-to-begin-on-120-construction-projects/

World stocks notch best day in 5 months
https://www.thestar.com.my/business/business-news/2021/10/16/world-stocks-notch-best-day-in-5-months

China Steel said that several factors are indicating a rebound in Asian steel prices in the fourth quarter, including a rise in demand due to a global economic recovery as well as a surge in raw material costs.

For Value Investor Only
Author: GPI Capital | Latest Post: 15 Oct 2021, 6:08 PM | Total Post: 98
https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=24912

https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=24911

https://www.nst.com.my/business/2021/10/736195/arb-launches-wemeet-virtual-company-meetings

https://m.malaysiastock.biz/Blog/BlogArticle.aspx?tid=24910

Lionind is up 8.57%.

One of the best financial stocks in Bursa

KUALA LUMPUR: The FBM KLCI pushed higher into midday as financial stocks continued their advance while other sectors erased earlier losses.

FBM KLCI on track to extend winning streak https://www.thestar.com.my/business/business-news/2021/10/13/fbm-klci-on-track-to-extend-winning-streak

Strong oil price a boon for Malaysia https://www.thestar.com.my/business/business-news/2021/10/13/strong-oil-price-a-boon-for-malaysia

I don't know when its stock price is going to surge, but it has a potential to be a multubaggar stock.

Stock prices are meaningless. You should compare their market caps. Obviously, MPI is the king.

Wow

Glove makers' share buy-backs paused despite stock prices nearing lowest in 12 months https://www.theedgemarkets.com/article/glove-makers-share-buybacks-paused-despite-stock-prices-nearing-lowest-12-months

multibagger stock

Its PE is very low.