there's free online investor briefing next wednesday 4pm. Everyone here should register

RM 2 coming up. Watched Lady boss interivew wf ET. Positive positive. Much better stock than SLVEST

liihen to rm 6

this counter on road to the sky and people dont know it yet

dont be too greedy. Seejovin help many make money already from momentum trading. But Stock at 1b valuation now. Can look to exit and find another fish to trade with less risk.

lady boss power. better than slvest

samaiden win lss4? or win some other projects overseas?

Supporting this article with another great article in another platform.

RUBBER GLOVES - Preflop pocket aces & your opponent went all in. Do you fold?

It's now 1 week post Pfizer vaccine news. Moderna just came out with further positive news on their trial results. A successful Covid vaccination is a good thing, we should celebrate that the pandemic will soon be over. But, how soon is soon? And is it game over for rubber glove play?

In the image attached, I have updated the latest "apple to apple" peer analysis of the first and second tier rubber glove players in Malaysia (and a Thai glove manufacturer Sri Trang). It's divided in 2 parts, one is if we "simply" annualise (x4) the latest quarter, while the other is if we "simply" annualise the latest 2 quarters / half (x2) - an exercise to guesstimate earnings in 2021 & perhaps beyond. It's worth noting that last checked, ASP is still on the rise, as global second wave of COVID19 is happening so there may be a case to use simple annualisation on the past 2 quarters.

And what do we see? We see an industry average PE of around 15x. In my opinion, this is cheap. Recall, this is an industry of which
1) We have earnings visibility of around 1 year
2) There is a windfall of cash as deposit has been paid up front to secure orders
3) Demand & supply imbalance that will continue to be inelastic until at least end 2022 / early 2023
4) This will lead to prolong elevated ASP level which cause fat margin.
5) Explanation of 1-4 is sector specific and if we compare valuation of rubber glove vs some tech stocks across varying value chain - glove’s fundamental is better and is relatively undervalued.

There is a global effort to produce a vaccine as fast as possible. Even if this is the case, when’s the earliest that it can be mass produced? What about getting it administered to a sizeable portion of global population? Rubber glove is now in the phase which is the most volatile. The part where the industry will be tested against the test of time.

We are seeing money flowing from healthcare stocks to recovery play, this is all fine and well. I personally have diversified too, but how many of those recovery play can be backed by a certain visible profit and cash? At the end of the day, stock investment needs to fall back to the fundamentals and in the glove industry, we are pre-flopping a pocket Aces in terms of fundamentals. Why do you think more than 15 players in KLSE are moving into glove? Willing to take hundred millions of risks of investment? It's because they would like to have a scrape of the supernormal profit, even if it's at the tail end of 2022. Rerating of glove feels like it has already happened, but it's premature, in my opinion.

A note on glove newcomers, we see alot of daily trading volume in some of the names. Some names are being valued close to the 2nd tier names that's already operating with all relevant CE or FDA certifications. I personally don't believe its so easy to just plug and play. The profit estimates being flashed around are also taking the combination of the most bullish scenarios. If these newcomers can achieve such profit without the economies of scale, ability to manage production without downtime and at full efficiency, best ability to negotiate with clients, etc - then by the same logic you should bet on the first tiers of making even more extraordinary gains on the basis of profit per glove! What I’m saying is, if u think you are rationally investing in some of these counters, esp those that had gone up a lot in price, your money’s worth at investing in the first tier counters at current prices makes a lot more logical investment.

Stick to the blue chip in the industry. If you have zero holding of gloves, it's a good time to buy & invest some for your portfolio. There’s a room for rubber glove in any portfolio.

There should be another round of selloff this morning from Moderna vaccine news. The fear is reaching the peak. Those trading Or having 0 position can consider to enter. Personally I like RIVERSTONE. It’s trading at 12x PE & it has dual engine of growth from healthcare & cleanroom glove. Rondy.

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My takeaway... 1) they’re trying to reduce Dependency on legacy business 2) ekyc and tencent cloud to give sustainable income from next year 3) as management n mentioned - cannot value them Like normal mature company, try do sum of part 4) they sounds pretty confident abt getting silterra 5) Gpacket team need to update their connection - laggy.

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Well done rondy n meng teck. Very solid online briefing.

Write so long for technical write up. No fundamental meat?

awesome bursagod. will join in

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Glove oversupply in 3 months? LOL!!

Good article but that sentence alone discredit everything

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I heard QR coming out next week or the week after, and its gonna be awesome. Still v cheap.

TOPGLOVE & SRI TRANG in TH are their clients! The largest and third largest glove manufacturers in the world!

buy buy buy. sifu buy call already

Focus Dynamic is a very suspicious counter. How can it be valued so high when its not doing anything. Better stay away. And if FINTEC is investing in it, better stay away from it too.

AGM just finish. Everyone pls sell so i can collect

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au yee boon? aturmaju fella? red flag?

TEKSENG the only readily listed non woven fabric producer. OCNCASH is not competitor. There are 1001 new face mask manufacturers and only 1 listed manufacturer for the raw material of face mask

Do the math.

Big shark collected below 40c... TS Wong kaki? S5 kaki? just careful guys.

I heard PAT 5x previous quarter.

EV play. See TSLA. bright future

RM 30 by next week

RGT business dont deserve high valuation..

dead stock

i also hear 7m profit rumours... but better wait for result la for safer entry

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can anyone answer this question?

** If issue price between vendor (s5) and ANCOMLB remains at RM 0.10 for the duration of the deal.. and if the ANCOMLB share price remains at RM 0.50 for the duration of the deal..

On the day the new shares issued to S5, what will the price of ANCOMLB be?

1) RM 0.50
2) A new share price based on the dilution - say... RM 0.15 (like rights issue)

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In essence, all the plc going to PPE manufacturing are buying their supply from TEKSENG. Big bull coming!

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WB 100% from 4 working days

Target Price RM 0.24 HIT

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Affin Hwang Research report today basically confirms that OCN CASH NON WOVEN IS NOT a RAW MATERIAL to make face mask.

Those that buys thinking otherwise is kidding themselves.

If you want to be bullish on PP non woven as raw material for facemask, go to TEKSENG