Tog Glove is looking for more manpower to increase production.
Sounds like the company needs to pursue more automation.
Else will lose out for those more efficient glove manufacturers.

Rental deferment to non essentials biz is the right thing to do.
Rental discounts to essential biz will help as well.
Free parking throughout MCO period should be encouraged.
However, it is doubtful that the company has a strong financial capacity to pull this off unlike more established malls in Klang Valley.

I felt that the Russian and Saudi Arabians are just giving face to US.
They would never cut their production with a combined 10 mil barrel per day.
Besides that, the production cut effective date starts in May.

Expect the Russians and Saudis to pump to their hearts desire in April.
Both Russians and Saudis would probably pump another 10 mil barrel per day in April, then reduce the same amount in May.

So basically, zero cut.

It's like going to shopping mall to buy Nike sport shoe for RM500 with a 30% discount. Little did you know the actual price was already mark up to cover the 30% discount.

ATE segment impact depends on the demand for smartphones.

Looking at during the lockdown worldwide from China to Asean countries and back to US and Europe.

The questions is how many smartphones (Eg:Huawei, Samsung, Iphones,Oppo,Xioami, etc) are purchased by customers during the lockdown period from February till today and maybe extended to May/June(for US and Europe).

Knowing this answer will reflect the number of semiconductor test equipments needed from February 2020 to June 2020.

@DK66

Since this power plant will generate substantial earnings for JHDP of USD5.8 billion over the next 25 years, it's quite hilarious that the owner of J@k$ did not take this opportunity to accumulate more stocks in the open market last few weeks when it was below 70cents.

The best option would be taking the entire company private a few years back when the company is worth of less than RM500mil.
If the owner is wise, he would never want to share the USD5bil with anyone here.

Any thoughts?

Previously it reached rm1 with short selling pressure.
I doubt that it could reach rm1 again(short sell banned) unless the next few quarter results are horrible.

Maybe they really need another rights issue to help them get out of debt.
But that means at the expense of shareholders.

Well, it still have the risk of not being renewed.

Need to balance risk-reward.

Don't know what to say about the company's management.

It's like "let's start a biz to sell, PPE, glove, facemask, ventilators ,etc

What an excuse to attempt to push its share price.

Besides that, the company should have received all the necessary certifications and approval from relevant authorities, before releasing this news.

No integrity. Say no to Notion-VTEC

PE does not matter at this time as the whole world needs glove and Malaysia is the world's largest producer.

Based on the news article, most glove manufacturers are running at almost 100% capacity.

Besides that, the bosses are saying they cannot meet the current demand and will spill over to next quarter(4-6 months backlog)
As topline and bottomline will support the price surge.

PE will adjust with earnings later on.

@Talib

Not shocking if the results is the same as previous quarter or slightly better.
Firstly, there is no lockdown for the parent company in Taiwan (58% of total revenue)
Then Singapore constitute (19% of total revenue), Singapore lockdown started @7/4/2020.
Then Msia operation (18% of total revenue), mostly O&G, is considered ESSENTIAL.
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You may survey the Covid-19 cases online.

Posted by Talib > Apr 9, 2020 12:51 PM | Report Abuse

it will be shocking if result still l be nice during this pandemic

Let the Q1 results tell the story.
Then you begin to buy if the story is convincing.

@totalnewbie

Do you mean assuming if government extends another 1-2 months, it has no panic sell off?

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Posted by totalnewbie > Apr 9, 2020 12:47 PM | Report Abuse

MCO extend or not also won't cause big panic sell off anymore.
All the fear already factored in 1 month ago when everyone decided to stay away or cut loss

The company is experiencing shortage of key parts for its ATE and FAS products as some of its suppliers couldn't operate during MCO as they are categorise as non essential.

Minimal impact on earnings at this moment due to only 13 days disruptions in MArch(For Q1:Jan-Mar report).

A few of the C-level bosses and senior management of AMbank comes from CIMB since a 3-4 years ago.

Yeah.

Agreed.

Now ROn97 @ RM1.60

But we don't even drive 100km per week.

Really depends on tomorrow decision whether to extend the MCO.
COnstruction and developers are considered non essential.

Imagine it's already 1-month, 0% progress of work for them. And still need to pay the fixed overhead cost eg:employee salary,epf,socso,etc.
Some had huge borrowings, corporate loans are not exempted.

From RM1 to RM2.30 in 2 weeks, that's 230% climb.
Stocks also need to consolidate before climbing further as those who had bought much lower are taking profit now.

Once results out next few weeks, and the result looks impressive, it may climb back to test its 52-week high.

Temporary avoid airline counters.
I believe this Covid-19 put a new perspective of the need to fly.

I travel for biz quite often, almost 48 flights annually.
Now I'm stuck at home but I still able to communicate with my clients worldwide using Zoom. It save travelling time, cost and cut the risk of infectious diseases/flight crash/highjack/terrorism.

Thinking about it , even if the MCO is lifted and other country restrictions on lockdown is lifted, many would not fly unless really required.

As at end of December 2019, power plant progress is 93% as announced.
The remaining 7% should be completed by end April 2020 since there is not much disruption in the development during the Covid-19 period.
Otherwise, it is a delay or hiccups.

Just a thought.

If MCO for Malaysia is lifted, Airasia would restart operation.

But where to fly to when other countries are still in lockdown.

Eg: S'pore just started 7/4/2020(today)

Seems that investors eyeing on MAS.

No one eyeing on Airasia?

https://www.thestar.com.my/business/business-news/2020/04/06/global-smartphone-market-to-fall-23-this-year

Do you know the financial implications of this deal?

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Posted by aiaili > Apr 3, 2020 6:06 PM | Report Abuse

btw, this is old news liao la.. but is considered a good news what, no wonder u come as a newbie la, amateur lol..

Wow, so many promoters.

You didn't read the article.

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Posted by johnmasino > Apr 3, 2020 6:06 PM | Report Abuse

newbie8080:- Vietnam will face severe power shortages from 2021 - Vietnam ministry.

Vietnam’s demand for electricity will exceed its supply by 6.6 billion kilowatt-hours (kWh) in 2021, a figure set to increase to 15 billion kWh by 2023, equivalent to around 5% of the country’s forecasted demand for electricity then, the ministry said in an emailed statement.

Strong demand for electricity lies ahead.

https://klse.i3investor.com/blogs/Jaks%20resources/2019-12-29-story-h1...

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.The reduction is mainly due to some thermal power projects delaying their development, while some localities have not agreed to allow the development of thermal power projects.

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https://en.vietnamplus.vn/vietnam-to-reduce-dependence-on-coal/169948.vnp

I don't like this news

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On behalf of the Board of Directors of Ekovest, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that Timur Terang Sdn Bhd, a wholly-owned subsidiary of Ekovest, had on 21 November 2019, entered into the following agreements:



(i) a conditional sale and purchase agreement with Iskandar Waterfront Holdings Sdn Bhd (“IWH”) and Ekovest to acquire 17 parcels of freehold development land held under Title Nos. HSD 459 to HSD 475, Lot Nos. 3742 to 3758, all in the Mukim of Pulai, District of Johor Bahru, State of Johor, measuring approximately 30.49 hectares or 75.34 acres in aggregate from IWH for a total purchase consideration of approximately RM869.69 million which will be satisfied in the following manner:



(a) approximately RM849.89 million through the issuance of 849,887,600 irredeemable convertible preference shares (“ICPS”) at an issue price of RM1.00 per ICPS; and



(b) approximately RM19.80 million in cash,

Actually, nothing much to work harder. Just a click away.

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Posted by DK66 > Apr 1, 2020 10:45 PM | Report Abuse

Worst of covid19 will be over in 2 weeks. Those who haven't bought yet need to rush and work harder.

A coal-fired power station in the U.K., which had a capacity of 2,000 megawatts (MW) at its peak and could power roughly two million homes, officially closed on Tuesday.

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https://www.cnbc.com/2020/04/01/two-large-coal-fired-power-stations-in-the-uk-close-down-on-same-day.html

@EatCoconutCanWin

Who and where are your source?

Interesting that Vietnam still has no death reported from the Covid-19.
Probably their country's population consists of younger people than elderly.

Anyway, back to J@k$, good to know construction is progressing despite the lockdown. Electricity is after all essential category.

Don't look too good for Greatech as China recovered and US & Europe is suffering.

Taken from latest quarter result:

The Group is not swerved by the recent COVID-19 pandemic as the Group’s purchases are mainly from the US and European countries. The Group has sufficient materials to fulfil orders received to-date. China
customers accounted for less than 1% of the Group’s revenue in 2019. We do not foresee any material adverse impact on the Group’s financial performance.

The founder disposing share. Not a good indicator.
The counter used to have a market capitalisation of RM8 bil during its peak.
Looks like game over.

Really hopeful, it does not happen to the power plant also.

Almost a decade since the Pacific Star had commenced for development.
Time flies.

https://www.propertyguru.com.my/property-news/2018/3/169858/jaks-given-4-months-to-complete-tower-a-in-pacific-star-business-hub

1 person say factory resume operations, the other say factory is on semi lockdown.

Please include articles or bursa announcements to support.

Else your post = invalid.

Not sure how this company can benefit from COvid-19

This details from annual report:

Products and Markets
1.Automotive Cables
SAC’s cables are part of the automotive wiring harnesses, which form an integral part of electric power for various
systems in an automotive such as power window systems, lighting systems, ignition, alarms, air conditioning.

2.Electrical appliance and consumer electronics cables.
STB manufacturers power supply cables and specialised cables for audio and video signals.

3.Cable for Medical Products and Devices
SMP produces medical cables are generally used for connecting various medical devices outside the human body. SMP’s products also include reinforced tubes (used as endoscope or as part of endoscopy accessories), connectors,medical tubes.

This from website:

http://supercomal.com.my/supercomal.com.my/product.html

MYEG test kit priced at RM99.

Those from China and South Korea are below RM30.

Can MYEG's test kit compete?

https://www.thestar.com.my/news/nation/2020/03/28/health-ministry-evaluating-new-test-kits-from-korea-china-to-ramp-up-testing

https://www.nst.com.my/business/2020/03/577343/myeg-introduce-covid-19-test-kits-pending-govt-approval

Bad time for airline biz. Worldwide transport are mostly grounded except for cargo for essential items. Low crude oil will helps in reducing the fuel cost.

But majority(90%) of the company's income comes from seat sales and ancillary income.

So you can get some idea of what to expect in the next 2 quarters report.

In view of the current COVID-19 and MCO, all the construction works for Ekovest eg:Duke3, ROL,ect are also suspended.
So means no earnings for March-April and project delayed?

Good news for those with share margin.

Still have plenty of opportunity to purchase below 70 cents in view of the current situation globally.
Rarely to be given such privilege. Without this Covid-19 and oil crash, J@K$ would have traded above RM2 with the commissioned of the power plant next few months.

I believe the impact of COVID-19 is bad for Penta. Issues is on raw materials that it needs to build the ATE and AFS comes from China and other countries. Management comments in the quarter report should scare you when they mentioned NOT SURE and still pending assessment.

According to latest quarter report, Penta mentioned as follows:

The outbreak of novel coronavirus (COVID-19) continues to spread throughout China and to countries across the world.
The COVID-19 has certain impact on the business operations of the Group in particular the supply chain from China as well as the delivery and buy-off process of machineries to certain degree, and the degree of the impact depends on the situation of the epidemic preventive measures and the duration of the epidemic.
The Group will monitor the developments of COVID-19 situation closely, assess and react actively to its impacts on the financial position and operating results of the Group. Up to the date of the report, the assessment is still in progress.
Given the dynamic nature of these circumstances, the related impact on our Group’s consolidated results of operations, cash flows and financial condition could not reasonably estimated at this stage and will be reflected in the Group’s 2020 interim and annual financial statements.

Tonight DJ future already almost hit limit down.
I guess this is the new normal for DJ this few weeks to come.

Property Biz will be expected to be a drag for the 1st and 2nd quarter result.
The company needs to complete and hand over Pacific Star, else more LAD to come. COVID-19 is now a factor in delaying it also.

Evolve Mall will be another drag if the MCO continues beyond April 2020.COVID-19 is now a factor due to the lockdown of public.

The current stinging issue is the completion of the power plant is postponed to 3rd Quarter of the year(Source Public Invest)
Not sure how the IB comes out with the timeline since no city lockdown yet, only selected biz to close.

https://e.vnexpress.net/news/travel/places/a-tourism-lockdown-in-central-vietnam-as-covid-19-fears-escalate-4069829.html

Low crude oil and Coronavirus is double whammy for Frontken.

I believe more selling waves are coming.
If 90 cent was a buy call, 30 cent was cheap, 10 cent is cheaper.
During crisis, property and construction company normally don't do well as individuals or company would not be spending money to buy homes, factories and commercial lots.
Unemployment and retrenchment will be only thing that are in the minds of individuals or companies.

When come to World Crisis, even good fundamental stocks will also be affected as compared to less fundamental ones.
The difference between the two is that the fundamentally backed stocks will mostly survive the crisis while the others will likely become penny stocks and PN17.
Choose wisely.

It's been a long time since we see giant airlines merge.
Maybe during this crisis, they will put their differences away and merge to be stronger financially and to monopolise markets.