Patience.. will pay off... 50 sen is just the start

Fahmi is dead everywhere

http://klse.i3investor.com/m/blog/spectre007/150807.jsp

Thanks GM68, acw2368. Deep value investing :)

Extracted from investing.com (updated to 30 Mar 2018)

Average metallurgical coke price comparison:
1 Jan 2018 to 30 Mar 2018 RMB2,106
1 Oct 2017 to 31 Dec 2017 RMB2,016

Average coking coal price comparison:
1 Jan 2018 to 30 Mar 2018 RMB1,339
1 Oct 2017 to 31 Dec 2017 RMB1,176

Average GP Margin / GP %:
1 Jan 2018 to 30 Mar 2018 RMB767 / 36.4%
1 Oct 2017 to 31 Dec 2017 RMB840 / 41.7%

GP margin has dropped MARGINALLY during this quarter as compared with the previous quarter. If the previous quarter can have RM30Mil GP as reported, assuming all things being equal (such as demand although many reports seem to report higher domestic demand in China) the coming quarter's results won't be too far off after all. A drop of 4.7% in GP margin does not appear to affect the fundamentals of the business that much given the fact that previous quarter's opex is only about RM4+Mil.

While NTA is lower than the share price as someone highlighted, this does not appear to be an appropriate valuation technique for a manufacturing business like Huaan.

Medium to Long term shareholders - what do you think?

No need to check egg price. Breakout soon

There may be a slight squeeze in margins but only from 15 March to 31 March 2018. However the squeeze is only very marginal, moreover only for the last 2 weeks of this quarter. Previous quarter the margins are even lower but still reporting rm30mil gross profit and rm25Mil net profit. One other factor is demand. Demand has not dropped at all.

When the dust settles, this company will show its muscles. However, many people might want to catch the bottom.. from experience, it's difficult to catch that. So either hold and let the results prove in May. Or sell now and hope to buy at lower price. The stock price is being suppressed by 2 sen every day to encourage weak holders to sell. Whoever is buying all the scripts are hoping to make money and lots of money when the next results are announced. And maybe dividends also.

So people can say to of 25 sen or 20 sen or whatever. If it ever goes down to that level, I will also make a lot of money by continue buying.

My point of view.

Next week breakout. Watch it

DJI down important or crude oil bounced to near usd70 per barrel important for Hibiscus?

Yesterday FHK said 0.545 break out short term and 0.99 medium term. Also said 'told you strong support 0.385. Not much weak holders left in huaan to sell.selling pressure minimal ' yesterday. Today say 0.385 support broken. Very confusing...

Trump doesnt want war. He just wants a better deal n market is spooked.

Where do all these sell queues come from?

5.4mil shares done at 0.405...bravo

Time to remove your sell queues

Patience is key

Talk so much in the last few days for what?

Bursa is very quick in investigating. Even surat layang on one listed Co I know of... they kena queried after receiving a surat layang on suspected related party transaction

Good to write in to Bursa to initiate investigation on the operator

Shut down the screen and don't look at it

So many solid counters are dropping. Not just huaan. So why bother about any drop in huaan? Just hold

Too many contra players

Agreed with Betta68

Must be those who managed to buy at 0.39 yesterday

Means fundamentally this stock is still good.. hold?

Betta. .operators in action again pushing down the prices to scare people

Strong buying at 0.435... something brewing?

Lots of shares buy back. Something brewing?

Don't see any issue to buy at this price... it's only 2 more weeks to March end. Jan and Feb have been great months. And masteel only sells locally. We still have lots of LRT projects and condos to build... I don't see masteel performance to be adversely affected.

The question is can we still buy and keep masteel... too many finger pointing.. no benefit at all

Jokers like hohong only come back and spit when price is down but say nothing when price is up. Miserable people.

Again, fundamentals intact. Won't bother too much on the price fluctuations in this quarter. Will review again only after Huaan's first quarter. 2 more weeks to close their quarter with great results. We have already seen the metallurgical coke price from Jan and Feb - well above rmb2200. We have also seen the coke price for Jan and Feb - around rmb1300. All similar with previous quarter. And previous quarter huaan reported gross profit is 30mil. Would expect roughly the same for this quarter if not more due to higher demand in China.

Tomorrow continue to be up. Hengyuan already shot past rm9. Although I don't really think these 2 counters are related. Maybe same operators playing

Those who sapu this morning.. congrats. But again, no need to sell.. plenty more to come.

Don't think Fahmi can understand TG commentary. Brain rotten to the core

Astonishing results...

Commentary on prospects and targets

To support its growth agenda, Top Glove will continue to pursue strategic expansion via the organic and non-organic routes. It is in the process of constructing 2 new manufacturing facilities namely, Factory 31 (operational by June
2018) and Factory 32 (operational by early 2019), which upon completion will boost the Group’s total number of production lines by an additional 78 lines and production capacity by 7.8 billion gloves per annum. Meanwhile, preparations for Top Glove's condom manufacturing facility have also commenced and it is expected to be operational by June 2018.

Top Glove will also continue to explore mergers and acquisitions opportunities, as well as new set-ups in synergistic industries, towards faster and more efficient growth. In a related development, the Group obtained unanimous
approval from its shareholders to proceed with its proposed acquisition of Aspion Sdn. Bhd. (Aspion) at its Extraordinary General Meeting (EGM) held on 8 March 2018. With this, Top Glove moves into the final phase of the acquisition process which is targeted for completion by early April 2018. Post-acquisition, Top Glove will be better positioned to deliver innovative surgical glove products for its global customers, while creating value for its
shareholders. The acquisition also provides synergistic effects in terms of access to new markets and product mix. The acquisition will add another 3 glove factories with 65 production lines and a capacity of 4.6 billion gloves, and 3,000 employees. By early 2019, Top Glove is projected to have 40 factories consisting of 34 glove factories and 6 other supporting factories, 693 glove production lines and a glove production capacity of 64.3 billion gloves per annum.

The Group is also progressing well on its digital adoption journey and will continue to embrace technological advancements, which will enable Top Glove to enhance its product quality and operational efficiency. Additionally, Top Glove will also be looking at various measures to improve the dissemination of information to its customers and vendors towards fostering a more integrated relationship.

Top Glove envisages a challenging business environment ahead characterised by higher operating costs, on which the company will continue to engage with its stakeholders. Nonetheless, the Group expects glove demand to continue growing steadily on the back of increasing healthcare standards and awareness globally.

In 2QFY18, sales volume surged by an all-time high of 21% compared with 2QFY17. The Group achieved Sales Revewnue of RM958.4 million, an increase of 12.6% year-on-year. Profit Before Tax (PBT) came in at RM124.5 million, growing 21.2% in contrast with 2QFY17, while the Group registered Profit After Tax (PAT) of RM110
million, up 32.2% against 2QFY17.

For 1HFY18, sales volume improved by 19% versus 1HFY17. Sales Revenue amounted to RM1.9 billion, a 15.9% increase compared with 1HFY17. Meanwhile, PBT grew 28.1% to RM246.5 million and PAT soared 37.7% to
RM215.9 million, compared with the corresponding periods in the previous financial year. The cumulative PAT for 1HFY18 was equivalent to 65.7% of the full year profit for FY17.

The significant growth in sales volume was mainly attributed to an increase in demand for natural rubber gloves, underscoring the importance of having a balanced product mix, comprising both natural rubber and nitrile gloves, which is aligned with market demand. Demand growth for natural rubber gloves stemmed from emerging markets, where healthcare awareness and hygiene standards are rising steadily, particularly Asia (excluding Japan) and Eastern Europe which respectively saw a 60% and 40% boost in sales volume for 1HFY18 compared with 1HFY17. The Group’s performance also improved following a higher utilisation rate from stronger demand, an upward revision of the average selling price and additional natural rubber glove capacity from a factory which was acquired from A1 Glove Sdn. Bhd. in June 2017. However, this was offset by a marked increase in the natural gas tariff and other costs.

Meanwhile Top Glove’s focus on continuous improvement in quality and cost efficiency, which include Industry 4.0 initiatives, accounted for the improved profitability. Raw material prices were lower compared with 2QFY17, with average natural rubber latex and nitrile latex prices decreasing by 26.1% to RM4.40/kg and 1.9% to USD1.06 respectively.

Long term investors in TG don't talk like you Fahmi. No brains.

Later you will see the idoitic Fahmi panic buying

Thanks for asking people to sell to me and the rest of the intelligent people here this morning

FAHMI HOHONG QQQ3.... WHERE ARE YOU JOKERS?

Hope all bros make money.. and not swayed by operators and panic sellers. Time will unlock it's value.. let Fahmi & Hohong chase... and we sell them the shares

Matched some at 395 and some at 40

Many people would have cut loss at 39... I missed it.. otherwise I would have bought at that level. Now 40 405

Ratman I actually bought more...:)

@huahtai98

http://klse.i3investor.com/blogs/spectre007/150807.jsp

The numbers are extracted from investing.com

This stock now cannot buy today and sell tomorrow. Unfortunately. Let its value unlock. Only for strong players.

http://klse.i3investor.com/blogs/spectre007/150807.jsp

Average Coke Price (contributes to Sales)
Jan 2018 RMB1,997 to RMB2,293 
Feb 2018 RMB2,079 
Mar 2018 (up to 14th) RMB2,200 

Average Coal Price (contributes to Cost of Sales) - raw materials
Jan 2018 RMB1,300 to RMB1,511 
Feb 2018 RMB1,301 to RMB1,400 
Mar 2018 (up to 14th) RMB1,301

How to go down more? Do u think the selling down is justified? Do u think any relation with Dow index?

How not to have excellent results for coming quarter? Sell for what? Give angpow to operators?

And yes.. betta said it right on the operators 'dumping' so that people start to panic and sell to them. U just wait and see..keep dumping... no use talking how good huaan is. Facts & figures don't lie.

Facts & figures tell you to buy early when it is low and keep until the value unlocks. The trust always only comes when the real numbers are out. When the trust comes, it's time to sell to them who come and buy late.