@TheContrarian yes you have more experience than me. i believe so as well the price cannot fall forever. Yes latest quarter large chunck are sold to Malaysia. historically they sell most of their gloves in Europe. i think if they can continue selling more volume in europe then that would be good to sustain their expanded capacity in future. yes large chunk at 1.4. who else? if it is a strategic disposal, it would have been done off market via dbt. so if it is in open market, any tom d.ick and harry can be the receipient. if he believes in the company so much, he would not have sold any of his holding and keep through expansion unless ulterior motive is (just my opinion) to take the company private. then that is my reason to wait for price to be nearer to NA per share because he is capable and can press it to that level before acquiring.

@Albukhary thanks for sharing. ok i will recheck the fda database again. but when i search i could not find it. do you know under which name did they get the fda approval. your reasoning make sense. but last short push up, ruberex went up only 40%. but if you see others went up almost 60-100%. so reason no 1 does not seems applied here. 2 and 3 i totally agree. 4 is subjective. he is a capital market man, so what he does is usually of benefit to him not minority shareholders. hence only the one that can follow or knows he trends can benefit unless your entry is really low. last time he bought off directors exiting the company af rm1.80 per share which is 60 cents post BI. hence if it ever reach near that then i think is the safest entry.

@BrusaCasino thanks for sharing. very interesting point of view to calculate the market value per gloves. could be a good method as well. only i prefer to use a lot more historical metric because some company might have higher value because of their name brand. Like when you buy rootbeer, usually anw rootbeer more expensive than tesco brand rootbeer. but you can see it both ways.

@TheContrarian thans for your explanation or reasoning. but may i know there are so many other glove counter out there. why ruberex.

First liners
Hartalega - premium and insti’s favourite. recent selloff make it almost back to pre covid level. Good price

Kossan - valuation is undemanding, almost no bad news or bad practice news. away from limelight. more stable one out of all

Top Glove - dividend champion. always aggresive in their business.

Supermax - most undervalued however had 0 support from mgmt. other counter still employ some buyback, they did not so their drop is more drastic than others.

Second Liners

Comfort - the most undervalued, owner is more modest, quite a good overall value

Careplus - recently acquired FDA approval to supply surgical glove through the subsidiary that they sold half to ansell. this shows ansell is helping them in distributionship.

Ruberex - undervalued. got expansion plan. low debt cash rich. However, i did not see their name in fda database means their focus is only Asia and Europe where they have distribution center in spain. are they able to sell only to these 2 region the 10b pieces? Owner recently sold down in very large quantity, company is cash rich but decided to do PP to raise fund for expansion diluting ownership but reward for shareholder? no dividend? Even careplus started giving dividend, rubberex? dun say because of expansion, if you did not PP then understandable. this u do PP to raise fund, but never give out any dividend.

So why did you choose Ruberex out of all options that you have. just want to see from your point of view. for me i am here to get more information, and would like to take position near its NA. Maybe 50-70 cents. i think it is worth rm1.5 but with other options, i don’t see its going there anytime soon.

that is what people who buy at 1.8, 1.6, 1.4, 1.2, 1, 90cents said when they enter. maybe you will be lucky because yours is much lower. hehehe

dnonce operator always same pattern lol. today push up, tomorrow push up just a bit then throw down kaw kaw back to 40++ cents. lol keep dreaming it will go back 60+ cents till next two three quarter and only if deliver what they say.

lol soon even cheaper than HLT kekekeke

perak based right. benefitted. but drop better. i need it at rm1.20 to buy a lot

parkkk 0.46

sad

i q buy 38 cents. lol

2023, 10b capacity, 10pct margin,ASP25, utlization 90% , 5 yr mean PE of 15. calculated fv from assumption roughly 1.55. 50% margin of safety entry would be 0.78. so near. but i think i should wait till below NTA with this sentiment. faster fasterr give me my entry

serba? wow. hahaha. krik krik. ok la drop more la glove. 50% more than i can load and sleep. take dividend till buncit

PE 0.9 can start loading

getting closer and closer to my dream. soon hit its nta then i shoot buy a bit and wait for hopefully ong choo meng to offer take company private hopefully kekekeke

if you follow analyst call you would die already. from day one since pandemic, recommendation is buy. if every quarter you follow they keep asking you to buy every quarter or add. this quarter ask you to cut loss. lol.

Pandu1 hahaha. i am dreaming. a man can only dream. today seems like getting nearer to my dream

soon will reach 60c. Wait it go below NA per share i buy loh lol

52 weeks low then to what low next. 104w low? l

ya what do you expect. he is a trader/investor. come here also for punting. if want to expand no need to sell his shares unless he wants to buy more at lower price and take the company private.

hit 52w low soon?

tampOi wow. delisted through privatisation? niceee.

keown83 ok haha i am just stating. i hold no position in ruberex but here to look for info. if it drops to certain level only i would like to take position. so now in watchlist. the owner really put me off. that is all.

lousy for you because you are short term horizon. lol. not lousy if you are in long term. anyway if you are in long term your entry would probably be below rm1 already. what so lousy still got 100 percent return as of now. lulz

ya. ruberex has always been in it. the list will update every half yearly brother. ya short selling has been there for 10 years plus minus. of course will always be there. the difference is many people started investing only last year march during suspension of ss. so dunno that it actually has been there so long. last time 10 percent limit. newbies will cry like tomorrow if started invest last time. lol.

haha whatever it is ah thai is the most stingy one. can geng with ong choo meng. these two make good pairing. even better if supermax can buy ruberex. both also never support and con shareholder got la. lol. perfect pairing

keown83 last january also approved list also. what is the difference

https://www.bursamalaysia.com/sites/5d809dcf39fba22790cad230/assets/5fdaaa0d5b711a5e1a915223/Directive_on_the_List_of_Approved_Securities__with_effective_from_1_January_2021_.pdf

Sama saja

this one sturdy

this one hari hari try contra earn 1 2 bid cabut la

haha. ya. actually i agree and disagree with you. good cashflow like gloves also died. not good cashflow also died. in bursa simply tikam kena you earn. do all sort of analysis also useless.

trum brother, stay inside comforter longer. you might wake up on the moon later kekekekekekeke

5354_ yes PP can delay. but the thing is cash in hand is so much and do PP with no strategic reason is also not a good choice. it is more stable since no borrowing now to have some borrowing at current low interest rate but only if needed. look like careplus, PP but set a floor for buyer to buy at RM2 and we know so many strategic partnership with ansell before and now getting macquarie on board. this is when up a bit director sell kaw kaw then say comitted for expansion. how to believe

because give you chance to load before rocket up

good job. macquarie to acquire at floor price of rm2. 20million shares. Can buy anytime within 6 months. So they are confidence that the price will at least hit rm2 back. maybe preparation for issuing warrants once transferred to main board

lol. want to raise 86 million but market cap drop more than that since announcement.