when everyone didnt pay notice it gap up

I guess many ppl gave up ancom logistic...Niis tender timeline just around the corner

After Harta below expectation results ppl dump harta n buy supermaxx...Harta alrdy out ...Now ppl take a big ride into SuperDuperMaxx coming wave...Supermaxx Result

KUALA LUMPUR: The country's glove sector will see a bigger group, with three Bursa Malaysia-listed firms forming a pact to make medical gloves for exports.

The two firms confirmed in the tripartite partnership are Green Ocean Corp Bhd and AT Systematization Bhd, while the third party is believed to be Kossan Rubber Industries Bhd.


Green Ocean's recent share price surge seems to suggest something of this nature was "cooking", said an analyst who did not want to be named.

The stock has moved up almost in a 90 degree angle from 12 sen on July 22 to close at 33 sen today, with 141 million shares exchanging hands.

"This penny stock is in bull mode," said the analyst.

Relatively quiet the whole of July, a series of events has triggered investors' interest in Green Ocean.

Rumours on the possible tie-up emerged after Green Ocean announced that it had incorporated a new wholly-owned subsidiary, G Rubber Sdn Bhd on July 30 this year to produce and trade gloves.

There has also been a raft of major shareholding changes over the period, with new shareholders and board members emerging.

A new major shareholder, Mak Siew Wei, appeared in Green Ocean last week.

Mak is the chief executive officer of AT Systemisation, which a month ago announced its intention to move into the glove industry by acquiring Pearl Glove Sdn Bhd, an industrial glove maker in Sungai Petani, Kedah.

Green Ocean operates in palm oil, renewable and green products/services business segments.

Its wholly-owned subsidiary ACE Edible Oil Industries Sdn Bhd operates a 4.8-acre plot in Klang.

The land, valued at RM17 million in 2018, is the location of Green Ocean's integrated palm kernel crushing facility, fronting Jalan Kapar and it is close to Wisma Kossan on Jalan Putus.

The land is also opposite another of Kossan's subsidiary, Doshin Rubber Products Sdn Bhd.

"A combination of AT Systematization's engineering skill set, Kossan's production know-how and the ideal location controlled by Green Ocean in Klang being the triumvirate could collectively propel both AT Systematization and Green Ocean into the realms of the likes of HLT Global Bhd and Careplus Group Bhd," said the analyst.

There is a massive void currently in the glove market, with international demand far exceeding supply.

The supply void has driven prices exceedingly high.

As a result, all the glove and glove-related companies are rushing to exploit spot prices by re-negotiating existing contracts, and increasing production lines or venturing into glove manufacturing to match the demand.

Glove stocks found a second leg throughout July.

In June, there was a temporary lull, and then the top four glove stocks found a new surge of strength, as analysts upgraded the average selling prices for the four giants namely Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan, sending their share prices to dizzying heights.

The stocks of second liners like Comfort Gloves Bhd, Rubberex Corp (M) Bhd and Careplus also surged almost twofold.

Careplus was the outperformer trading from a low of 1.44 per share at the start of July to close at a record high of RM4.74 today.

Hot on the heels of the second liners are HLT Global, whose share price has surged twofold, from 70 sen in early July to a close of RM1.89 today.

There is speculation that HLT Global is also considering a venture into glove manufacturing.

HLT Global is a maker of ceramic hand moulds for glove companies and it has 55 per cent stake in HL Rubber Industries.

"It is no surprise the market is seeking for unrealised value within the glove industry, as well as focusing on new players that are bringing their manufacturing lines on stream," said a local fund manager.

KUALA LUMPUR: The country's glove sector will see a bigger group, with three Bursa Malaysia-listed firms forming a pact to make medical gloves for exports.

The two firms confirmed in the tripartite partnership are Green Ocean Corp Bhd and AT Systematization Bhd, while the third party is believed to be Kossan Rubber Industries Bhd.


Green Ocean's recent share price surge seems to suggest something of this nature was "cooking", said an analyst who did not want to be named.

The stock has moved up almost in a 90 degree angle from 12 sen on July 22 to close at 33 sen today, with 141 million shares exchanging hands.

"This penny stock is in bull mode," said the analyst.

Relatively quiet the whole of July, a series of events has triggered investors' interest in Green Ocean.

Rumours on the possible tie-up emerged after Green Ocean announced that it had incorporated a new wholly-owned subsidiary, G Rubber Sdn Bhd on July 30 this year to produce and trade gloves.

There has also been a raft of major shareholding changes over the period, with new shareholders and board members emerging.

A new major shareholder, Mak Siew Wei, appeared in Green Ocean last week.

Mak is the chief executive officer of AT Systemisation, which a month ago announced its intention to move into the glove industry by acquiring Pearl Glove Sdn Bhd, an industrial glove maker in Sungai Petani, Kedah.

Green Ocean operates in palm oil, renewable and green products/services business segments.

Its wholly-owned subsidiary ACE Edible Oil Industries Sdn Bhd operates a 4.8-acre plot in Klang.

The land, valued at RM17 million in 2018, is the location of Green Ocean's integrated palm kernel crushing facility, fronting Jalan Kapar and it is close to Wisma Kossan on Jalan Putus.

The land is also opposite another of Kossan's subsidiary, Doshin Rubber Products Sdn Bhd.

"A combination of AT Systematization's engineering skill set, Kossan's production know-how and the ideal location controlled by Green Ocean in Klang being the triumvirate could collectively propel both AT Systematization and Green Ocean into the realms of the likes of HLT Global Bhd and Careplus Group Bhd," said the analyst.

There is a massive void currently in the glove market, with international demand far exceeding supply.

The supply void has driven prices exceedingly high.

As a result, all the glove and glove-related companies are rushing to exploit spot prices by re-negotiating existing contracts, and increasing production lines or venturing into glove manufacturing to match the demand.

Glove stocks found a second leg throughout July.

In June, there was a temporary lull, and then the top four glove stocks found a new surge of strength, as analysts upgraded the average selling prices for the four giants namely Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan, sending their share prices to dizzying heights.

The stocks of second liners like Comfort Gloves Bhd, Rubberex Corp (M) Bhd and Careplus also surged almost twofold.

Careplus was the outperformer trading from a low of 1.44 per share at the start of July to close at a record high of RM4.74 today.

Hot on the heels of the second liners are HLT Global, whose share price has surged twofold, from 70 sen in early July to a close of RM1.89 today.

There is speculation that HLT Global is also considering a venture into glove manufacturing.

HLT Global is a maker of ceramic hand moulds for glove companies and it has 55 per cent stake in HL Rubber Industries.

"It is no surprise the market is seeking for unrealised value within the glove industry, as well as focusing on new players that are bringing their manufacturing lines on stream," said a local fund manager.

Deal if cfmed...gap up

Hopefully this time Real Show

HARTALEGA Holdings Bhd’s weaker price performance compared to its peers like Supermax Corp Bhd and Top Glove Corp Bhd is due to a premium valuation the company has enjoyed.

Hartalega’s share price only rose by some 283% to RM20.50 from RM5.35 on Jan 2, 2020, while industry competitor Supermax has seen a share price appreciation of 1,300% to RM19.34 from RM1.38 at the beginning of the year.

Kossan Rubber Industries Bhd’s share price has risen by 343% to RM18.44 over the same period, while Top Glove has risen by 478.06% to RM26.88.

“Hartalega is trading at a forward price-to-earnings ratio (PER) of 79 times based on our FY21 earnings forecast while Supermax is trading at forward PER of 64 times based on our FY21 earnings estimates.

“Hence, investors may think Hartalega is more expensive than its peers. Overall, I think the valuation of Hartalega is quite high at the moment which may limit its share price upside,” MIDF Amanah Investment Bank Bhd (MIDF Research) analyst Jessica Low stated in an email reply.

Inter-Pacific Research Sdn Bhd has downgraded its call of ‘Neutral’ from ‘Trading Buy’ on Hartalega after the recent run-up in its share price.

“Our new earnings per share forecast reflects the recent industry average selling price (ASP) revision as we increase our FY21/FY22 ASP to 129.6 sen/129.6 sen from 106.9 sen and 105.6 sen respectively, thus raising our target price to RM21.37 from RM13.18,” the company stated.

It added that the upside potential for Hartalega’s price outlook depends on further ASP upgrades from sustain order visibility.

Inter-Pacific said downside risk factors include its lofty valuation outstripping earnings growth, steep increase in production cost (energy, packing materials and labour), shortage of workers and volatility in foreign-exchange rates.

Hartalega’s shares ended 1.08% or 22 sen higher at RM20.50 yesterday as investors continued to buy into glovemakers as the number of Covid-19 infections continued to rise across the world.

The share price gains by Hartalega yesterday made it the third-most valuable company on the local exchange with a market capitalisation of RM70.27 billion, ahead of Public Bank Bhd at RM64.29 billion, but slightly behind Top Glove valued at RM72.67 billion.

HARTALEGA Holdings Bhd’s weaker price performance compared to its peers like Supermax Corp Bhd and Top Glove Corp Bhd is due to a premium valuation the company has enjoyed.

Hartalega’s share price only rose by some 283% to RM20.50 from RM5.35 on Jan 2, 2020, while industry competitor Supermax has seen a share price appreciation of 1,300% to RM19.34 from RM1.38 at the beginning of the year.

Kossan Rubber Industries Bhd’s share price has risen by 343% to RM18.44 over the same period, while Top Glove has risen by 478.06% to RM26.88.

“Hartalega is trading at a forward price-to-earnings ratio (PER) of 79 times based on our FY21 earnings forecast while Supermax is trading at forward PER of 64 times based on our FY21 earnings estimates.

“Hence, investors may think Hartalega is more expensive than its peers. Overall, I think the valuation of Hartalega is quite high at the moment which may limit its share price upside,” MIDF Amanah Investment Bank Bhd (MIDF Research) analyst Jessica Low stated in an email reply.

Inter-Pacific Research Sdn Bhd has downgraded its call of ‘Neutral’ from ‘Trading Buy’ on Hartalega after the recent run-up in its share price.

“Our new earnings per share forecast reflects the recent industry average selling price (ASP) revision as we increase our FY21/FY22 ASP to 129.6 sen/129.6 sen from 106.9 sen and 105.6 sen respectively, thus raising our target price to RM21.37 from RM13.18,” the company stated.

It added that the upside potential for Hartalega’s price outlook depends on further ASP upgrades from sustain order visibility.

Inter-Pacific said downside risk factors include its lofty valuation outstripping earnings growth, steep increase in production cost (energy, packing materials and labour), shortage of workers and volatility in foreign-exchange rates.

Hartalega’s shares ended 1.08% or 22 sen higher at RM20.50 yesterday as investors continued to buy into glovemakers as the number of Covid-19 infections continued to rise across the world.

The share price gains by Hartalega yesterday made it the third-most valuable company on the local exchange with a market capitalisation of RM70.27 billion, ahead of Public Bank Bhd at RM64.29 billion, but slightly behind Top Glove valued at RM72.67 billion.

HARTALEGA Holdings Bhd’s weaker price performance compared to its peers like Supermax Corp Bhd and Top Glove Corp Bhd is due to a premium valuation the company has enjoyed.

Hartalega’s share price only rose by some 283% to RM20.50 from RM5.35 on Jan 2, 2020, while industry competitor Supermax has seen a share price appreciation of 1,300% to RM19.34 from RM1.38 at the beginning of the year.

Kossan Rubber Industries Bhd’s share price has risen by 343% to RM18.44 over the same period, while Top Glove has risen by 478.06% to RM26.88.

“Hartalega is trading at a forward price-to-earnings ratio (PER) of 79 times based on our FY21 earnings forecast while Supermax is trading at forward PER of 64 times based on our FY21 earnings estimates.

“Hence, investors may think Hartalega is more expensive than its peers. Overall, I think the valuation of Hartalega is quite high at the moment which may limit its share price upside,” MIDF Amanah Investment Bank Bhd (MIDF Research) analyst Jessica Low stated in an email reply.

Inter-Pacific Research Sdn Bhd has downgraded its call of ‘Neutral’ from ‘Trading Buy’ on Hartalega after the recent run-up in its share price.

“Our new earnings per share forecast reflects the recent industry average selling price (ASP) revision as we increase our FY21/FY22 ASP to 129.6 sen/129.6 sen from 106.9 sen and 105.6 sen respectively, thus raising our target price to RM21.37 from RM13.18,” the company stated.

It added that the upside potential for Hartalega’s price outlook depends on further ASP upgrades from sustain order visibility.

Inter-Pacific said downside risk factors include its lofty valuation outstripping earnings growth, steep increase in production cost (energy, packing materials and labour), shortage of workers and volatility in foreign-exchange rates.

Hartalega’s shares ended 1.08% or 22 sen higher at RM20.50 yesterday as investors continued to buy into glovemakers as the number of Covid-19 infections continued to rise across the world.

The share price gains by Hartalega yesterday made it the third-most valuable company on the local exchange with a market capitalisation of RM70.27 billion, ahead of Public Bank Bhd at RM64.29 billion, but slightly behind Top Glove valued at RM72.67 billion.

2molo hv to b careful ...sc sure issue uma to many counters .
wil affect mkt sentime

Those who bought / chased warrant n didnt manage to sell...pity ...

This could b the real deal...that spiked up share price today...lets wait n see...but today price movement certainly wil be captured by SC radar...bold movement to push price up fr 12cts to 30.5cts...if not firm deal ...then we SALUTE MQTECH SHARKS...THE BOLDEST OF THEM ALL!!!

Mayb mqtech signing agreement wt JD Resources

Mayb riding of this news

https://www.theedgemarkets.com/article/mqtech-jv-hk-company-acquire-medical-rubber-glove-factory

The news of semperit not selling came out a few weeks bk...Austria needs glove their own country used thats why not selling so soon

Overnight news

Even u play swing in out in out there just not enoughbtime for those who warrant at 27-29cts to run

Pity those who chase the warrant now got stuck at so high price

Ancom logistic is riding on this rto news or else price would fall further

Friday dropped partly bcos the whole group ..
the 3 listed cos posted vr bad qr...

Political Uncertainties..Jittery Mkt Sentiment Now

Quarterly rpt on consolidated results for the financial period ended 30/06/2020 | https://www.klsescreener.com/v2/announcements/view/3201855

But not excitement here..
all gone over to healthcare n glove counters

Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Conversion of Preference Shares
Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal 358,430,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,061,504,275
Issued Share Capital ($$) Malaysian Ringgit (MYR) 178,625,460.570
Listing Date 29 Jul 2020

Major shareholder Key Alliances converting huge block of preference share...if selling at current price wil made big profit...xox wil stay sideway....

Major shareholders converting preference shares...huge amt ..if selling at current price making huge gain..
xox price wil stay sideway....

Tawin stil in the red zone

By Syafiqah Salim | theedgemarkets.com | 2020-07-29 14:15:25
KUALA LUMPUR (July 29): Copper wire and rod maker Ta Win Holdings Bhd has teamed up with a Terengganu strategic investment agency to jointly develop an industrial park at a gross development cost of RM2.4 billion in Kemaman, Terengganu.

Ta Win said the proposed joint venture (JV) will enable its business operations to be further integrated into the supply chain of the non-ferrous metal industry as the industry players from upstream and downstream of the supply chain of that industry are pooled together to form an industrial ecosystem in the industrial park.

In a bourse filing today, Ta Win said it has entered into a JV agreement (JVA) with Perbadanan Memajukan Iktisad Negeri Terengganu (PMINT) for the proposed development likened to the Kitakyushu Eco-Town project in Fukuoka, Japan.

Measuring 500 acres, the Terengganu Ecocycle Park is expected to facilitate the industry innovation, delivery of significant impact in the usage of recycling raw materials and waste reduction, addressing the environmental conservation and climate change issues through responsible consumption and production, as well as collaborations and partnerships between the public and private sectors to promote sustainable economic growth, it added.

Under the JVA, a JV company called Ta Win Copper Ecocycle Sdn Bhd will be established to facilitate the proposed development. Ta Win will hold an 80% stake in Ta Win Copper Ecocycle, while PMINT will own the remaining 20% shares.

According to Ta Win, the Terengganu Ecocycle Park, comprising core technology zone, sub-core technology zone and supporting technology zone, will be developed in four phases.

As at July 28, 2020, Ta Win had shortlisted a number of the experts and consultants required for the studies to finalise the development plan of the industrial park.

Ta Win estimates that the full development and commissioning of the Terengganu Ecocycle Park will take over nine years.

In a separate statement, Ta Win group managing director Datuk Seri Ngu Tieng Ung said the Terengganu Ecocycle Park will be the first-of-its-kind in Southeast Asia. "We will be able to propel the sustainable long-term development of the non-ferrous metal industry. In fact, to lead the way forward and promote environmental conservation and sustainability in the non-ferrous metal industry supply chain, Ta Win will be relocating our existing headquarters and factories to the core technology zone of the park,” he added.

The group expects to fund the development of the Terengganu Ecocycle Park with its internal funds, bank borrowings and/or other funding alternatives which may include equity fundraising exercises to be undertaken by the company.

"The proposed JV is expected to contribute positively to the group's future earnings arising from the undertaking of the development of the Terengganu Ecocycle Park. Any profit attributable would be realised in stages over the tenure of the development of the Terengganu Ecocycle Park based on the progress of the said development," said Ta Win.

Gap up

Gap up

PM announcing targeted sector for deferment of loan repayment

Major shareholder selling off ...for coming few days gap down

Top Glove got ban

KUALA LUMPUR (July 29): Foodstuffs, New Zealand's largest retail grocery organisation, said Top Glove Corp Bhd's products will remain off its shelves until the glove maker satisfies its ethical standards in rubber glove production, Newsroom reported today.

Newsroom, quoting Foodstuffs head of corporate affairs and corporate social responsibility Antoinette Laird, reported that the Foodstuffs supermarket chain had pulled Top Glove's disposable rubber gloves off its shelves while investigating whether they might have been made in slave-like working conditions.

"New Zealand’s biggest supermarket chain is also checking the gloves being worn in-store by its staff after allegations of migrant labour abuse at two Malaysian Top Glove factories," Newsroom reported.

Ban again

KUALA LUMPUR (July 29): Foodstuffs, New Zealand's largest retail grocery organisation, said Top Glove Corp Bhd's products will remain off its shelves until the glove maker satisfies its ethical standards in rubber glove production, Newsroom reported today.

Newsroom, quoting Foodstuffs head of corporate affairs and corporate social responsibility Antoinette Laird, reported that the Foodstuffs supermarket chain had pulled Top Glove's disposable rubber gloves off its shelves while investigating whether they might have been made in slave-like working conditions.

"New Zealand’s biggest supermarket chain is also checking the gloves being worn in-store by its staff after allegations of migrant labour abuse at two Malaysian Top Glove factories," Newsroom reported.

Hopefully Ancom Logistic n S5 deal is firm...time factor...Aug annoucement of NIIS contract...no more news fr Ancom Group thus far since the 1st announcement

KUALA LUMPUR (July 28): Cable and wire manufacturer ConnectCounty Holdings Bhd said today it has ceased all negotiations pertaining to the possible reverse takeover (RTO) exercise involving S5 Systems Sdn Bhd.

This comes after it was reported last Monday that Ancom Logistics Bhd had proposed an RTO exercise which entailed the acquisition of the entire share capital in S5 Holdings Inc — the parent company of S5 Systems.

S5 Systems was reported to be one of the front runners to bid for the new National Immigration Integration System project, which is expected to be awarded in the third quarter of this year.

In an earlier filing with Bursa Malaysia on June 16, ConnectCounty said it was in negotiations with the relevant party pertaining to the possible RTO involving S5 Systems.

From the start of June, ConnectCounty shares jumped by three times, reaching a peak of 39 sen on June 15, from 13 sen. Thereafter, the stock is seen trending downwards.

The counter closed unchanged today at 15.5 sen, valuing the group at RM78.9 million. Since its peak price on June 15, the stock has lost some 60%.

Cfmed S5 RTO of Connect County OFF

https://www.theedgemarkets.com/article/connectcounty-says-rto-deal-s5-systems?type=malaysia

Kgroup

By Syafiqah Salim | theedgemarkets.com | 2020-07-28 16:20:00
KUALA LUMPUR (July 28): XOX Bhd's largest shareholder Key Alliance Group Bhd is converting its 248.6 million irredeemable convertible preference shares (ICPS) in XOX to an equal number of new ordinary shares in XOX to reaffirm its commitment as a strategic partner to XOX and major shareholder in the company.

In a statement to Bursa Malaysia today, IT solutions provider Key Alliance said its directors wish to increase the company's position in its XOX investment in light of recent developments concerning XOX's new substantial shareholder and its expansion into microfinancing.

According to telecommunication mobile virtual network operator XOX's latest annual report, Key Alliance already owned 99.3 million shares or a 9.09% stake in XOX as at Dec 31, 2019.

XOX's annual report shows that the company's total number of issued shares then was 1.09 billion units.

Key Alliance said in its Bursa filing today it is converting the 248.6 million XOX ICPS to ordinary shares at a conversion price of five sen for each ICPS.

"The board (of Key Alliance) is reaffirming its commitment as a strategic partner to XOX by moving to be the largest shareholder, in order to continue developing a collaborative and complementary platform for the growth of digital economy businesses, as well as cloud computing and archival requirements.

Ghl price should gap up

Petron Malaysia head of retail and commercial business Choong Kum Choy said the safety and convenience of the group’s customers remain a top priority.

“We have received so much positive feedback with our e-wallet payment option for our fuels and other items at our service stations that we decided to extend this service to households in need of our Petron Gasul,” he added.

Meanwhile, GHL chief executive officer Danny Leong said the collaboration was timely as the firm, with its extensive footprint reaching up to over 240,000 payment touchpoints across Malaysia, coupled with Petron’s product, was on a mission to catalyse the readiness of cashless payments for the convenience of customers.

“We are excited to harness the accelerated shift towards digital payments as a result of the Covid-19 pandemic,” he said.

Petron said this service is available through participating Petron LPG dealers nationwide.

Petron partners GHL to offer cashless e-wallet payment for LPG cooking gas

RM20 coming

27.5 stil throwing ikan bilis sapu all

Yes keep throwing at 27.5