Soki - if you are good in marketing too, may be can consider applying that position to help the company and the investor :-) (provided you hold many lots in this counter)

You heard or confirm regarding the priority of location in the mall? I believe should be base on tender of render. If I'm the mall management i will choose the highest tender :-) that also mean the company need higher revenue + profit to cover the rental. I wish Padini don't tender too high and get into trouble later. Knowing that rental maybe small fish for them but that also every month commitment too.

I wonder people saying uniglo are good here ever get into uniqlo and look around their price and quality plus their design trend??

Optimusx8888 - unfortunately I'm wearing :-) and have tons of it now. Unfortunately I'm city boy too. Surprisingly kampong also wear padini. That sound good to me.

lewistee - first your question not that clear :-) you are asking for tp for next week? Next month? Next quarter ? Or next year?

Second, if you trust the research house tp then some already given their tp of benalec. You need spend time search for it or read the past comment here.

How time you heard or see research house change their target price for a counter? Most of them will keep on changing the TP from time to time when the company improving their earning by changing their business strategy and etc. I'm not saying Topglov will be doing that now or in very near future but still thing can happen....

To me many research house did not look and understand the look term goal and plan. Some, won't name it here will simply tembak when they see other re - rate a particular counter..... :-)

Don't get me wrong, I'm not saying or asking to buy Topglov now need to see the counter and investor react with the news. Then you will know how many is long term vs short term investor :-)

I don't agree with a) but I myself not 100% sure either. I read some where they can do that. If you are the employee from one of the rubber glove manufacturer. Maybe hartalega or kossan I guess since you keep promoting the counters here. Then you probably right.

I don't worry much about the research company what they say..... All the time when they give good review the counter does not seem move and some even drop. There also case when they degrade but the share price move up LOL.

Still back to the basis. I'm waiting the dividend.

Jolie2 - how many lots you are holding now?

Haiz..... I hate that Padini going back to Syariah list in November 2014. I wish that not going to happen in November 2014 LOL. If keep on going back and forth between this which the regulation may also change from time to time. This can only make the people that have the authority to decide Syariah compliance become richer. I could be wrong or think too much. Just imagine if I know who will be newly in and who will be out in November 2014. I will buy (newly in counter) and sell (counter will be out) first and get in back later. THEY this because to make some group making easy money.

Benson911- most of the time I read the latest comments and did not go back to the last comment I had read unless I have the time :-) sorry I miss your previous post :-(

Some people buy for future (eg. 1 year or 2 years later) not the next quarter or so :-)

History low can go lower & history high can go higher!

Buy when you are already do necessary research & see a better future & improvement of the company. Most important you are financially ready :->.

mfed12-Where you get the info that padini is fact with Syariah compliance again? Personally, a bit disappointed if Padini back to Syariah list.

slow and steady.......

GoGoBenalec - another advice here if you like it. Sell half (take the profit) and keep half (expect for Benalec to win the bid and growth from there). At that time you can decide to go in more or not.

Well, that another alternative for you to think off.....

Personally, I will keep for long term until they make a big and worst mistaken with too many issues around :-)

Thanks jolie2. Whatever the case, as long as they still making profit even lower compare to previous quarter and give dividend I'm okay with it :-) Bottom line I believe the management is workout something and some change in future is needed to improve the situation and risk.

Time will tell.

1. TopGlove not only produce latex glove only right? They do have nitrile as well, of course the volume not the number 1 compare to Hartalega.

2. TopGlove have the production line that are switchable, from this I believe they are preparing something worst situation if that ever happen. They can then switch from latex to nitrile production but I believe they still want to be the leader in latex glove compare to nitrile glove with high margin. (we can probably ask the reason why they stick with that during AGM :-))

3. At one point I know that TopGlov is buying land and start the rubber tree plantation (Hope I recall correctly). Not sure how long more they will and can harvest. Again time matter. With this move look like they still want the latex glove business with may not be so easy to replace by nitrile glove (unless is top grade nitrile but that will be expensive too). With the rubber tree plantation investment I believe topglov will have better cost control and no need to depend much of the latex cost fluctuation

4. Many more other factor of course like the power rate hike and etc. That is a headache of the management :-)

Other feel free to chime in with comments and correct me if I mention something which not true. Share with others is best thing to do here.....

haha.... sorry to confuse you.

As far as I know if the Islamic fund buying Padini in the past with lower price (e.g. 1.6) then current price, let use closing price of 1.88 on June 11, then they have to let go the share on hand immediately. If they buy Padini in the past with higher price (e.g. 2.1) then they have the right to hold the stock until it reach 2.1 then only sell.

Of course I did not know the rule what if the share price keep stay at below 2.1 for some time what those fund manager can and will do???

Well, if someone see my comment and think I have miss understand something then please share and correct my comments. I'm more then happy to know :-)

Again, whatever the case, Padini is always in my portfolio as long term counter.

taciturn - by reading the comment, one of them from you...

"And it's confirmed that the tender to be called for STP2 will be an international tender." - This mean the STP2 tender, Benalec 100% won't participate in tender? Sorry I'm miss understand your statement.

invester - no problem for the advice or comment. As long as it could help and I would happy to share what I know. I wish you could get at lower price then 4.7 e.g. 4.62 or 4.63

Not sure what make other people sell today.... May be they know some insider news ahead :-) or they saw the news about the rubber price is dropping. But I thought the rubber price drop should help the glove maker :-) again I might be wrong. May be someone can share here if they know.

Invester - all depend on you. It depend on your risk level. Also your share portfolio balance. What your style of investment? If you are not the first time investor then you should know your investment style already.

Don't think there are any excitement about the result. They should still make money but lower profit (May be) compare to previous year quarter. But that not a matter to me I'm looking for the dividend if any :-)

Well, all these info can be use and turn it to a smart question to ask Benalec during the AGM now they strategies themselves for the STP2 reclamation tender if they are interested :-)

If they open for tender then at least there are chances Benalec can benefit from it if they manage to secure it :-) since they are the expert in reclamation project and have all the tools and skills needed to do so :-) Well time will tell if they can win that from E&O later.

I try to search this before but couldn't find either. Need to check with the E&O folks.

kurangmanis and other - I read RHB report yesterday and here I copy and paste partial reporting from them. Well that what they say in the summary report of E&O


E&O’s masterplan for STP2 was endorsed by the Penang state
government yesterday. After this, the tender for reclamation is expected
to be out in late 3Q, and works could kick off in 4Q. We believe the
market has not fully priced in the land value of STP2, and this
announcement should be a boost to its share price. Our assumption of
MYR400 psf still suggests further upside to RNAV. Maintain BUY.

 Endorsement is in hand. Soon after the 9.9% share acquisition by its
MD Dato’ Terry Tham on 28 May, Eastern & Oriental (E&O) received the
endorsement from the Penang state government for its Seri Tanjung
Pinang 2 (STP2) masterplan. We are not surprised with the news, as this
came in line with its guidance. We also said in our 3 June report “Further
Catalysts For Share Price” that the state should draw greater comfort
after Dato’ Terry Tham raised his stake to 15% recently.

 Tender for reclamation in late 3Q, works to start in 4Q. After the
endorsement, the tender for the reclamation project should come in late
3Q, and works could begin in 4Q. Currently, E&O is working on an
environmental management plan (EMP) for the entire 891 acres,
according to the guidelines specified in the detailed environmental
impact assessment (DEIA) report approved by the Department of
Environment (DOE). The state’s approval still needs to be obtained for
the EMP to ensure that the plan conforms to the technical requirements,
before being incorporated into the tender document. We do not foresee
any hiccups, as this is just part of a procedure.

Let guess if dividend being declare or given :-)

As a long term investor should not review this section daily? LOL....

If the price keep going down and lower then the price those so called Islamic funds is buying the they have he right to hold, yes? If they bought at lower price then current one they should already out, yes?

wongwee - sound good..... why not you start the so call good topic and company related info and I believe everyone will jump into your topic and give comment if interested them????

I think everyone have their own right to do that. He/she may have better reason to sell and buy other counter? At a very minimum at least he/she tell everyone that he/she leaving this counter for now. For whatever reason wish he/she good luck in other counter or so....

Yes..... you can easily see from the yesterday closing price - 1.88 and today in the previous closing price should show 1.85 around 3 cents down goes toward the dividends 2.5 cents. Hope this help.

Advice: Don't buy share because they give dividends and sell once you get it. This almost similar to very short term investor. You won't gain much especially from Padini counter by using this method. Perhaps other counter can give you higher profit and you have try before. Suggest to THINK for long term if you want to invest in stock market. Buy because of their fundamental strength; because of their future strategy and good management. This way even if you still not making much money but pretty sure you won't making negative also :-)

taciturn are right for the share buy back. Also to add, a company will decide to do that because they feel the share price are undervalue and it good time for them to buy and keep for future use (note: since they know what is coming in near future, e.g. huge project; good sale of land in discussion and etc). They usually will only sell it when they need cash for expansion and project provided they gain profit from selling too...

wongwee - that exactly my point :-) but how many of them will attend the AGM or EGM? many are trying to wish and hope getting the answer without much work and even not willing step out from house :-)

wongwee - what your opinion about the best channel to ask the company?

Investor - NO

chin888 - no one know :-) as I say the news may not move the price or may....

thanks taciturn - to me both news land sale RM235m and the HoA ratification sound positive and good to the company and investor but against the share price may not react accordingly to those news and may go to the other direction. I could be wrong let see.

Also I do think any issues for share holder to vote and agree with the HoA because all is good and completed. Am I miss out something?

howin - report not out yet who know the answer? Unless insider :-) you know some one in there then good, they may be share with you.....

alivetoinvest - why you say sorry? Nothing to sorry about...... You have the right to buy or sell the share at anytime you want during trading day :-)

No problem, we are here to share and give valuable comments. The less of those "buy-hit & run" the better for the counter. Pretty sure every counter will have this sort of people and we can't avoid that. Just try to educate them if they do that frequently most likely they won't make much :-) and they need more time to monitor and buy & sell it will minimum profit (ONLY if they are lucky)

for contra and short term have to cut loss because their funding or cash is very limited they have to keep switch and rolling the cash. If you are not the contra player then you have more options; hold; sell; sell half and etc is all up to you.

I personally advice you to keep if you have the power to hold. At least give yourself a chance to see more details what will happen later even the QA is firm and no one know yet what the revenue and profit of the acquisition once they sign and firm deal.

Remember this is just the beginning and NOT REALLY done yet!!!

stockoperator - your explanation only work out for folks that buy and hold for long term. I mean really long term. I only hold three years plus plus now and I can feel that :-) only hold on this counter you have that strong feel.

If buy and sell then repeat the same. They won't get you and they feel uncomfortable when share price move south.

Those who buy today vs those who throw today - who the winner? :-)

Those who analyst and think will have high percentage to win big!

The question now you believe the top management decision and math calculation or not. If you don't believe and doubt you should already throw the share :-) if you believe you will accumulated more.

If you still not comfortable then wait for more details analyst and annoucement.....

Since the beginning I ask t wait for the QA first once you know the details then you have the so called confidence to buy and hold the stock for long term.....

Now the QA is out but people did not see the details report first they throw first with loss and then if the report look promising and data and fact they get in back with higher price. Don't buy stock with this behavior even you have millions dollar you sure become negative in no time hahaha.....

So wait for the details like what the volume they can produce daily and what the price they pay for.... then how much they loan and how long they can pay off the debt and what the future plan and etc.....

Action without knowing much = suicide!!!

Good luck all.....

when buy stock always think about rational DON'T EVER FOLLOW and YOU should become a LEADER!!!

if so easy for you to guess and simply use other counter as an example everyone already millionaire and no need to work already.....

now you know too many follower and no leader..... people throw then they also throw without even know what going on now. Best show today!

I bet many are throwing with loss hahaha

haha still sky the limit.... say ceiling is the limit first lah....

Now it depend on how smart the top management and they should or at least I expect them to explain why they buy Salamander and what the expectation on revenue moving forward. If they do then I'm sure the share price should move the right direction accordingly.

Got the QA behave like no profit for 3 quarter. Where got a start up company did not have debt? For well establish company yes.

as I say earlier. Need to wait for more details the company they going to acquire what the quarter revenue going to look like. If they generate huge profit and revenue then debt can be easy payoff.

Also not sure theedge news is true and valid.... They use to be annouce wrong info hahaha......

Panic selling because of our comments :-) what an investor hehehe

Haha..... now scare off more people what a joke.....

All situation for contra player are not good :-) I'm glad the share price stay there and did not move much. This situation will benefit the long term investor not the short term. Hope that not many are short term :-) if many then sorry......

With the share price move lately. Not surprise if the share price today does not move significantly. Also with 904 mils that a lot to just buy Thailand oil and gas only. Perhaps more details news will be out to explain that. HOPEFULLY they can prove the consistency of revenue from this asset :-)

So no suspend on news annoucement for second half today? Haha....

No should buy..... according to someone theory which he already remove the comment here I guess tomorrow should up. Can that person write that comment say something?

I wonder why you remove your comment?

backspace - it's so easy to get that answer. Check back the past history you will find the answer :-)

It impossible to break 70 cents these two days. Look at the trend how people are trading for this counter :-)
I wish I'm wrong too. Good luck all.

Really still that many playing contra? They still not scare yet after so many round of lesson? If that the case they behave like a gambler. People that gambler always say "that the last chance I can win back and I will win back for sure" -> very confidence but end up disappointing each time. The final winner always loan shark...... hahaha :-)