re: Ven, what you mean by cuci @ 0.50?

Charles, I remember he shoke hand with Dr M right before election?

Ven, they say now @ 30% not enough... from chart, i think can surpass 60cents to maybe 0.835.... hmm

ok i see it... revenue starts to kick in from 2 quarters ago... although last quarter revenue increased by 100%, it also registers loss, but it's trying to tell that business is generating...

only 1 Q result will do? Guess that is his motto, make more money in next q than the previous Q...

Koon Bee, i will follow you now... :)... you seem to spot good ridings...

scout / spot

@Charles, how you guys managed to scout Koon is in Carimin? any announcement or newsletter?

today start christmas rally? it's a good time of the year... dont be so pessimistic... just happily sit around to collect bonus...

@superbull, no need keep pushing Charles, maybe he already collected in his pocket... quietly...

right also...

@Charles, relax... just enjoy the moment...

you work 30 days, your meal becomes RM3/meal X 3 meals X 30days = RM270 per month gone... while monthly salary is RM1.1k... usually they cook can eat whole day....

fuyoh, topglove very smart... charge workers RM3/meal back to claim back money they earn... lol

The workers also suggest there are deductions from pay for items such as canteen food, accommodation, transportation to the factory, and utilities. "They have a canteen at the factory, and whether we eat there or not, the money comes out of our salary," one of the workers said. But Top Glove said the deductions for meals and accommodation are allowed and not more than 20 per cent of the worker's salary, which is in accordance with the law. "Meal catering is provided, to allow more rest time and also to ensure hygienic food preparation and nutritious meals," the statement said.
"The cost is prepaid from their salaries, but kept at a very reasonable and subsidised rate, of 3 ringgit/meal ($US0.72/meal)."

superman also supplies to NHS, if they dont source from topglove and wrp then maybe more goes to superman...

news that hit topglove... http://www.theedgemarkets.com/article/uk-investigates-after-labour-rights-expose-worlds-top-glove-maker

if you interested... it's taking multiple data points to plan for your exit if it does happen or longer term if you want to know... especially in bond market....
https://www.ccmmarketmodel.com/short-takes/2018/12/8/stocks-the-yield-curve-fed-and-china

not now... it is in consolidation period...

@Charles, DJ will drop, but you can never buy 18000 again... maybe max 23000? Asian financial crisis, capital goes from Asia to Euro currency and America... this time, Europe problem capital will find way outside... especially American stock.... and hopefully here too... :)

ok Charles, another statistic for you.... if we take past 5 years results, each of topglov, harta and kossan register between 5.5 to 6.5X... ok, let's take mean 6X... superman has to catch up to get 6X from 5 years ago means RM9 (from 1.5) or 8.25 (using 5.5X) before a rest... on candlestick, it is closing as a full green, then next year this trend should continue to form a green full bar... at least a 5.5X return should be realised first before the next step... that's my thought...

i'm also buying dow jones whenever it hits low... keep buying... there's 2X ETF leverage you can try to buy for the next 10 years...

i mean general market

market very hard now... i think Airasia is good too... i think real turaround may have to wait till March next year...

i think execution is key... but i have gone to their Plant 12... now is very much in progress... so should be ok to see it next year... anyway, another sharing on contact lens... they should be selling Toric in Japan soon... In Japan, Toric lens is usually RM120 per box of 30 pieces for daily, or RM120 per box of 6 lenses of weekly... so meaning, if their ratio of weekly is 10%, we are looking at 7million pieces, it would mean 7million pcs X RM20 selling price = RM140mil revenue.. pple tend to forget that contact lens have ratio... meaning, daily:weekly:monthly... so far we don't know what is the breakdown from superman... 5 to 10% of weekly and monthly will be very good... coz they command higher prices... although they want to do more dailies for volume... but countries like eastern europe etc... they will go for weekly and monthly due to pricing...

@Charles, sharing with you some of the important notes i took down during the AGM...
For gloves, her's the capex it will incur (Calendar year), block G, Taiping (latest completed 1.35b gloves), 3Q 2018 (58mil), Lot 38 Sg Buloh (70mil, 1H 2020), Block F Taiping - new plant (75mil, 1H 2020), Plant #12 block A (130mil, 3Q 2019), Plant #12 block B (65mil, 1Q 2020)... total capex is RM398mil through 1H 2020... total increase +6b gloves by 2020. Current is 23.4b gloves. >30% capacity growth.
In terms of shareholdings, in Sept 2018, major shareholder unchanged, public shareholding reduced to 10.6% in June from 18% in Dec 2016, however, in Sept, increased again to 12.98%, local institutional (< 5%), is 18.14% in Sept 2018, also reduced overtime... but foreign shareholdings increased to 33.31% in Sept2018 over time from 19%...
Malaysia rubber glove exports remain at +10.7% CAGR.
Financial performance - ROA & ROE affected by lens investment + delay in Plant 10 & 11. Now gradually increasing back... inventory and receivables cycle improved from 2.02 & 2.54months to 1.75 & 1.58months. lower cash conversion cycle now observed. net gearing 0.28... target is 0.75 if contact lens 1b expansion is on....
the core PBT is actually at RM46.2mil due to extraordinary gain of 6.52mil insurance claim (fire @ malacca plant end 2013)
For lens, new product range in Toric, cosmetic and silicone hydrogel lenses... capacity allocation is 60% OEM, 25% OBM, 15% ecommerce. this will contribute more to group's bottom-line...
For Japan - currently at 2.3b pieces which is about USD3.5b market. Granted product license in June 2018, 1st batch exported to Japan. Annual global growth is 6.7% CAGR, currently at USD12.1b market value. Expect USD18.7b by 2024F. Growth drivers - rising & ageing population, rising disposable income, rising prevalence of opthalmic disorders.
In manufacturing, gloves - 220managers, 3800 staffs, Eye care, 60 professional engineers
Financial in summary - total profits improved YOY. Profit margins have also imrpoved with operating, ebitda & pbt margins near highest point in the past 5 years... Landbank = 136.8 acres... but 1/3 in Bukit kapar already surrendered to Gov for west coast expressway... so means it's now 124.5acres... Bukit Kapar already submitted building plans to authority... expansion is targeted at year 2020 onwards...
that's all from me...

need US market help

usually during bonus ex, a lot of volume, a lot of sellers buyers then....

i long long term one...

nope, i was hoping the short term guys can hold longer... so not so much volatility...

announce already, everybody happy to hold till Jan....

lets see if they announce soon...

next year.. lol

but it's true, i was looking for this stats... had to navigate a bit... but got fed up... he helped me...

@Raja, you saved my time... i was looking for this statistic which I wrote on a text before but did not save.... save me from recounting again... :)... yes it's a heavily spammed forum...

@highfive... give u high five man... good luck to all including me who long... lol... like the chairman said... as long as they are building new factories every year why scared...

Both strategy can in superman..

Seems like this time all chase high all win...

not bad, close high

this stock, once new high, will be a lot of follow through....

@Charles, so that means it does not matter this time whether new high or not before ex... important is after ex, it will break new high

ok will monitor these....

that one (CW) I leave to you... not so pro in this area... haha

@Charles, we can start counting on the day bonus is approved.. and wait when ex date, what is the price.... see break new high or not...

@trythis

trythis
http://www.forexabode.com/forex-school/technical-indicators/elliott-wave-theory/abc-correction/

"I only had coffee for breakfast and refused the (aurelia door gift gloves) as i have no use of it. "

i gave to relative in the food business... they said ichiban....

maybe last minute investors were spooked by the word "gear up"... haha...

maybe correction about to complete for this round... a-b-c down, a down from 4.08-3.51 (0.57), b up from 3.51 to 3.81 (0.3), c down 3.81-3.40 (0.37) ... now at 3.42, c could be 0.618 of a, so 0.618 * 0.57 = 0.37 = 3.40 will be final number... then we start uptrend from here...

Charles, topglove not yet... back to 6 again...

Charles, Monday onwards.... today will news release bonus approved by EGM etc... and now we can start recording.. see by bonus ex how many percent, new high or not...

@aiksoon, i think the key words for long term is here:- "The two products we are producing are neutral, unaffected by cyclical changes"