https://www.thestar.com.my/business/business-news/2020/07/27/green-packet-sells-webe-stake

Why buy m3tech? Sthing brewing?

Xox hong kong share holder also bought shares of m3tech

What is cooking at Ancom Logistic..PM's physician appointed

Muhyiddin’s doctor appointed Ancom Logistics director
By FocusM | July 26, 2020 5:26 pm | Mainstream

RESPIRATORY physician Ampikaipakan S Kandiah has been appointed an independent non-executive director of Ancom Logistics Bhd (ALB) effective July 24.

Ampikaipakan is also part of Prime Minister Muhyiddin Yassin’s medical team.

Damn bullish

KUALA LUMPURL: Glove maker Careplus Group Bhd turned a huge profit in second quarter ended June 30 boosted by strong demand worldwide for the protective gear.

The number of Covid-19 infection worldwide continue to accelerate this week, with total confirmed cases rising above the 15.5 million people mark.

Careplus said the global pandemic caused by the Covid-19 virus have created an exponential increase in demand for medical gloves which have benefited many manufacturers.

For the three-month ended June 30, revenue climbed 37% to RM118.9mil, while net profit soared to RM36.3mi, or 6.7 sen a share.


"The average selling prices have surged during the pandemic period which is expected to continue until vaccines have been developed and administered globally," Careplus said in a filing with Bursa Malaysia today.

It said while spot average selling price (ASP) remain high, the ASP for regular buyers is expected to increase in the coming quarter barring any significant change to current shortage of supply.

"The Group therefore expects strong positive results in this pandemic period and beyond," Careplus added.

Meanwhile, the worsening COVID-19 pandemic has accelerated the company's plan to increase the production capacity.

By end of this year, ten new production lines will be installed and commissioned, while another thirteen new production lines will be installed and commissioned next year.

"This will nearly double the total production capacity from 4.1 billion pieces to about 8.8 billion pieces by end of 2021 barring any interruption," Careplus said.

The Group will have a total of 50 production lines by end of 2021.

Surprisingly today closing tame affair mayb mkt sentiment vr bad..

Ya even some here repeatly said limit up bcos of purchased of the new building...as it that is the impetus for the gap up...

Buy more

An article to share wt all

Top Glove share price: What’s the update?

Malaysian glove manufacturer Top Glove Corporation share price has surged another 6% since our last update.

As at the close of Thursday 23 July 2020, the stock – listed on both the Singapore Exchange (SGX: BVA) and Bursa Malaysia (KLSE: TOPGLOV), traded at S$8.54 per Singapore share - a new all-time high.

Meanwhile, the company’s Malaysia listing gained an additional 6% to close above 26 ringgit a share on the same day.

Funny right? Listed co didnt fixed a date to announce their qr...All listed cos shud

The only undervalued glove counter perhaps...unless there is stil sthing great to announce as qr wont b out so soon

So the limit up ytday riding on the news careplus bought a new building turn it into a hostel...then stil maintaining the uptrend based on?

1st qtr announced June 2020...2nd qtr shudnt b july 2020...correct me

Yes next mth not today or next week..

Qr next week?

Careplus 1st qr announced on 5th Jun 2020
2nd qtr rests shud b next mth

Ancom.log also awaken

Bousteqd started to gap up ancom log also awaken

Here we go again...engine started

Why listed co nvr ever fixed a date to announce their qr? Is it bcos of pandemic now or it has bn like this all the while?

Engine just started

Gap up

Sife Calvin any idea when is careplus n hlt qr ??

Limit Up

I read Pang72 n Calvin various posted infos...im glad i follow n buy careplus...Contrary to what othere said about i find both infos TOP NOTCH...TQVM

Reject

Offer for Rubberex not fair, not reasonable, says independent adviser

By Syafiqah Salim | theedgemarkets.com | 2020-07-23 10:31:25
KUALA LUMPUR (July 23): Minority shareholders of Rubberex Corp (M) Bhd have been advised to reject the takeover offer from chemical firm Hextar Global Bhd's executive director Datuk Ong Choo Meng and his 90%-held Hextar Rubber Sdn Bhd for the remaining Rubberex shares at RM1.80 apiece.

In a circular filed with Bursa Malaysia today, independent adviser MainStreet Advisers Sdn Bhd said the offer was “not fair and not reasonable”.

MainStreet Advisers said the offer price represents a discount ranging from 14 sen to RM1.25 to the five-day, one-month, three-month, six-month and one-year volume weighted average market prices (VWAPs) of Rubberex shares up to the last trading day (LTD).

“It also represents a discount of RM1.87 (50.95%), RM1.08 (37.50%) and RM1.77 (49.58%) to the five-day VWAP of the Rubberex shares up to the LPD (latest practicable date), the last transacted market price on the LTD and the last transacted market price of Rubberex shares on the LPD respectively,” it said.

It said Rubberex shares are relatively liquid as the average monthly trading liquidity of Rubberex shares of 14.32% is higher.

“Since Rubberex shares will remain traded on Bursa Securities, holders of Rubberex shares will therefore have the opportunity to dispose of their offer shares in the open market during the offer period and subsequent to the closing date at a price higher than the offer price, net of transaction cost.

"Based on the above and our evaluation as a whole, we are of the view that the offer is not fair and not reasonable. Accordingly, we recommend that the holders reject the offer," said Mainstreet Advisers.

To recap, Ong and Hextar had acquired an additional 20.63% stake in Rubberex, raising their collective interest to 50.18% — above the 33% threshold that triggers the mandatory general offer for the remaining shares they do not own in the company.

The stake, comprising 57.25 million shares, was bought at RM1.80 cash per share, or RM103.05 million in total, from Seng Sheng Enterprise Sdn Bhd, Datuk Seri Chiau Beng Teik and Peh Lian Hwa, via direct business transactions in June.

Post-acquisition, Ong and Hextar Rubber control 139.22 million shares in Rubberex, up from 81.97 million shares or 29.55% previously.

Limit Up

Tq sifu Pang72 n Calvin

When Paktua is here things wil only get better...Tut Tut

Ya ya ...else i look for girl else where

Huat Huat



BUSINESS

Li Ka-Shing's associate now XOX's substantial shareholder?

By Sharen Kaur - July 22, 2020 @ 6:52pm

A new substantial shareholder, linked to Hong Kong business magnate Li Ka-Shing, has emerged in XOX Bhd, which is focusing on fifth-generation (5G) wireless mobile network development in Malaysia.

KUALA LUMPUR: A new substantial shareholder, linked to Hong Kong business magnate Li Ka-Shing, has emerged in XOX Bhd, which is focusing on fifth-generation (5G) wireless mobile network development in Malaysia.
 XOX, in a filing with Bursa Malaysia today, said Daniel Tam now owns 7.05 per cent of the company.
 Tam is a shareholder and director of a large conglomerate listed in Hong Kong, in which Ka-Shing holds a substantial stake.
 It is unknown if Tam, who is also director of Hong Kong-listed Chong Kin Group Holdings Ltd, took a stake in XOX to ride on the company's 5G development plan here, or if he is acting as a proxy for Ka-Shing.
 Nicknamed Superman, Ka-shing has a net worth of US$26.5 billion as of July 21 this year, according to Forbes.
One of the most influential businessmen in Asia, he retired as chairman of CK Hutchison Holdings and CK Asset Holdings in May 2018 but remains senior advisor.
 XOX chief executive officer Ng Kok Hen, when contacted, said Tam had been gradually increasing his stake in the company.
Shares of XOX have traded actively since early this month, surging to as high as 20.5 sen on July 21.  
 The stock closed one sen higher today at 18.5 sen, giving it a market capitalisation of RM293 million. Some 310 million shares exchanged hands.
XOX plans to develop the 5G network in Malaysia in partnership with one of China's top three telecommunications (telecom) groups.
The telecom groups are China Mobile, China Telecom, and China Unicom.
 Ng said on Monday that the company had been approached by a Chinese telecom group for the 5G plan, which would invest up to RM10 billion to develop the infrastructure over five to six years.
 5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks.
It enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.

Today closed abv 70cts so that 2molo limit up 30cts ...abv rm1

This counter wil b in for many more round of rotational play...penny stock up 1-2 days ...take a breather to stop query fr SC...

Very soon limit up...6% more

Stromg support all the way ....to limit up

When qr announcement?

can sell alrdy

Alrdy announced news but nothing concrete...Like no news at all

Seller keep throwing at 14.5

yes

Bonus issue announcement dampen the sentiment
traders lost bearing

Sincerely hope May the up trend of this counter help mitigate the losses suffered by those who stil holding on to this counter....many of us suffered losses n hv to cut loss n moved to other countere... I am glad that connect showing sign to re connect wt its shareholders in thia forum

52.5 sapu all

super strong this counter

Great counter for rotatiinal play