re: probability
What is IMO 2020? You have the link to your articles?
what is 15usb/brl? refining margin or etc... ?

Petronm boh lat liao... drop back below 13... haha... tomorrow general HY turbo pass general petronov... :)

very fun, looking at how HY chasing Petronm... Petronm also rushing to touch 13, but still a roadblock... haha

Issit? even fund managers also don't know much about the progress?

re: "They always refused to divulge much info especially its contact lens business to fund managers"

yes, very professional analysis... so much better than McKuali, CIMBY etc...

Hi, what is the impact on the natural gas hike for SSTEEL? What is percentage energy cost to the overall cost structure?

re: Raider,

So the upgraded pricing will be:-
1) Just only PE 4.5 = 13.95
2) PE > 4 + EPS 3.4 = 15.3
3) PE > 5 = 17.05
4) PE > 5 + EPS 3.4 = 18.7

right? Close to Paperplane's target RM21...

just like Musang King durian, when we malaysian supported the fruits, they forget about us after they found the footing in foreign country... now malaysian need to pay so much to taste musang king. same as old town, later malaysian expect to pay RM10 and above to enjoy a cup of old town white coffee... malaysian screw malaysian...

yes i also think so why rush to sell... maybe they know expanding in china later need lots of cash... may need to raise lots of cash to expand, why not sell first and realise the profit...

re: HENGYUAN @RM21 CONFIRM COMING Wtf? Something wrong is it? Why rush to sell when expanding in China? Something really not right? Whatever, I have stop old town white coffee many years ago.....Good luck to shareholders

During agm, they said q3 next year to start promoting to fund managers... Would guess that share buy back completed and offering of treasury share to new investor... Who may pay higher than this amount... So company can grow with new money expansion...

now they are at 3.7%... they want to collect until 10%... still long way to go, but would expect to be more aggressive...

http://www.theedgemarkets.com/article/supermax-seeks-courts-leave-reappoint-thai
"My daughter is heading the global e-commerce platform, which is headquartered in the Silicon Valley, with global satellite offices and distribution facilities in Brazil, Canada, Hong Kong, the UK and Singapore. [We] will [also] be in China and Japan once licences are obtained [for that],”

He is not director, but can still be CEO... won't cause too much problem, but actually good chance to raise youngster profile to steer company into new venture... if you look at their business model, their creation of brand allows their product selling by themselves, the associate in Brazil and Canada are standing alone by themselves, only US maybe Mr CK Tan will be bit more busy since need to take up role as director as well... Lets see Ms Cecile's venture into online sales how successful that will be...

For long term investment, here's some analysis I have done on this counter potential, of course, the near term risk is there, but lets look at the bigger picture.
It should be in 40% nitrile and 60% latex from the last quarter reporting. We know water supply is only fully resolved in Nov, and plant upgrading in progress, this could be 60% nitrile mix or more after completion.
40% nitrile = 41m pretax profit (current)
60% nitrile = 62m pretax profit (future?)
70% nitrile = 72m pretax profit (future?)
At 60 to 70% nitrile, profit should be significantly higher...
Also as we know its operating expenses have increased from RM78m per year to RM128m per year, hence, that is about RM50m more... this could be extra expenses spent on contact lens + gas & worker levy etc... I estimate gas & worker levy extra is 20m per year and the rest is contact lens. If this 30m out of the spending not going to incur next year, probably looking at savings of about 8mil per quarter.
Add that to pretax profit per quarter = RM70m for 60% nitrile and RM80m for 70% nitrile mix. that's alot compared to currently.
Putting gloves aside, contact lens i expect 70m pieces can give RM150 to RM200m revenue per year, with profit in 40% conservative at RM60m profit per year or RM15m per quarter. But that will need to wait in 2019.
So if RM80m + RM15m about RM95m profit per quarter achievable, we are looking at current Topglove's market cap potential which is RM8b... but 2019...

re: OTB, if below is true, then you have good 2017 winning numbers.. kudos...

Why quote losing money stock only ?

There are 3 stocks which I made big gain in 2017.
Dnex-WA - 283% gain
Dnex - 65% gain
Ekovest-WB - 136% gain.

re: OTB, nope I didn't attack you. in forum, always respect other pple... but just curious why pple lump you and KYY together... i don't know the history.. and not interested to know... the comment was from the following posted earlier... think he sounds like from Investment banker community... he does know the higher level circles... i'm just a small investor...

Posted by alexyoong > Dec 6, 2017 03:07 PM | Report Abuse

RHB & CIMB corporate finance head already proposed to HY IR & directors lo. OTB is small timer how can he persuade HY directors? even he ass licking mr Koon oso no use. how much can mr Koon buy from the MKT? As most of his money is stuck on JAKS. He has to Thank OTB for it. And i strongly believe that OTB made losses on mr Koon portfolio this year.

ooh, now I know OTB is fund manager for KYY.... always curious why pple always reference both persons together... didn't read the history too much in the forum... too many to go through...
"And i strongly believe that OTB made losses on mr Koon portfolio this year."

lol...

"General Raider hope to meet General Petronov at Rm 13.00 for a combined attack on the enemy loh...!!"

re: Raider, what is the next capex of Hengyuan? Will they do 2018 or after? What is the capacity expansion target? Means from 125kbpd to how much? thx...

what is the relationship of OTB and KYY? Are they related?

re: JN88 Glove counter will closed shop only once hospital closed shop

A lot of hospitals in US already close down thanks to Obumercare...
http://www.healthcarefinancenews.com/news/hundreds-rural-hospitals-already-risk-closing-aca-repeal-loomshundreds-rural-hospitals-already
So future growth have to depend on developing nations like China...

re:more and more are converting from (A) to (B).
Yes, wait for huge volume breakout at 12+... you will see B will position themselves by then... some have already positioned after ASB selldown... some will come later... For chinese to bring out money from china, what better way to use fund to invest in China growth cap outside of China... Next year annual report we may see big institutional fund like China Ping An insurance, etc... in HengYuan... To accomodate more pple, it will be time to boost bonus issue to enlarge share capital... that will help raise PE profile as well...

fully agree with stockraider... pe 7 to 10 is reasonable... but power is earnings growth... breakout resistance 12.30... once breakout, we should see huge volume... many will sell, next come a new set of investors, they are the sophiscated ones... maybe most of them institutional fund... then we can see it slowly moves away to all time high again and again.. the making of new giant... or perhaps china institutional fund managers.. above 12+++ every investor are making money, who wants to sell... just like Petronm, above 7.2...

re:4444
weakening usd good also... can raise prices...
"He cited the steep rise in natural gas price, the sharp increase in the cost of the packaging materials, weakening US$, higher chemical cost and the annual incremental cost relating to wages and the new governmental policies."

Trump tax plan reform will benefit this company since as a business entity in US, supermax Inc. will benefit from the corporate tax... from 35% to 20%...
https://www.investopedia.com/news/trumps-tax-reform-what-can-be-done/

Very good article... Thanks

re: superbull11, today considered t+2?

nolar, no golden years... but it's a good opportunity for malaysian glove makers now since china vinyl glove makers need shutdown... can eat up market share in china... except maybe supermax, since they no extra capacities... not everything I like about them especially in glove capacities... expansion is slow to come... need to wait.

re: BC1010, next year annual report, we should see top 30 shareholdings mostly fund managers... lol... most retailers washed away...

Like!!

Posted by VenFx > Nov 29, 2017 09:44 AM | Report Abuse

I suspect their next qtr will ship out bigger portion of the Box Build contract from the 150m tranches secured .

re:MsfollowmeTeam - aisey, a lot of pple comment here does not mean they don't have other glove stocks... everyone allocation is different... i have big 3, except kossan, plus smaller comfort... what is saying is glove is entering good golden year period... I also like supermx venture into higher profit margin venture, if you have been to a glove factory, you will know it's not easy process... many stages to produce a glove...

How is OTB related to KYY?

re: MsfollowmeTeam, now is the best time to sell your gloves... if you have capacity... the chinese now suddenly wake up.. their own vinyl gloves are bad, bad for environment etc... now they are scrambling to find rubber gloves... only Malaysia has the capacity... now is time to eat the market share in china... consumption at 3 gloves is less than 100 gloves for western countries.. too low... after this golden 10 years, next is golden 10 years for india... also low consumption, after that will be african countries like Nigeria, which gonna have 400mil population soon...

re: Falcon, yes no doubt it is in a bubble, but, if you own some, you need to rotate out to Bitcoin Cash, NEO, Litecoin etc.... Blockchain will survive of course not necessarily bitcoin... but the bull in other digital currency will continue.. thx to bitcoin... not too late to look at BCH or etc...

the founder who cheated Supermax took the money and rebuild his own private company - http://tobeasuccesstrader.blogspot.my/2011/04/ipo-wrp.html
WRP rubber gloves... haha.. sometimes wonder how the rich become rich, by cheating other pple's money loh....

aduh, 16% only, not > 30% or 50% shareholding... can't do much...

I remembered back then, when Thai realised it was a bad investment, he was trying his best to turn around the company... but too bad it was not easy. he wroteoff and focus on his company again.

re: Many retailers suffered losses bcos of APLI Shares.

Thai and supermax only acquired 16%... the damage has been done even before Thai entered the company which eventually he has to write off... it was a failed company who was trying to find buyers and offload to get the most before it got into PN17... Supermax eventually had to writeoff the investments...

in business there's no enemy... yesterday the volume is so big, it could also be Naza come in to invest for the long term.. it was an opportunity to be in there... or it could be more investment from funds like Public mutual...etc.... those who bought yesterday... fuyoh can enjoy the dividend already...

yes, from chart, 1.80 makes sense, but 1st target 1.1 first, then 1.80 then 2.40... after rerate...

re:Sephy Wow. Supermax didnt buy back any stock today. it was all investors. Usually if company buyback, 5.00pm will have immediate announcement.

I noticed the past few share buy back in mid nov, you can see the announcement updated only after 6pm... think Bursa is loaded with many announcements to release into their system.... so best to look at the announcement at 7pm again.... to be sure

then FY2018 we should be looking see 2.40 again... based on PE 15....

EPS

2.4% of RM1.2b, hmm looks like looking at RM32mil per year, or RM8mil per quarter... 4cents per quarter or 16cents per year....

80/20 which one is box build?

also eagerly waiting for your updates :)

goto your own profile... click member services, then click my blog dashboard... create new blog

now they have a lot of capacities... in US, they are giving this deal... buy 7 get 3 free or buy 13 get 7 free... glove box

lets see today what is the volume... and how much has the fund managers scooped up... it's a good opportunity for fund managers and company to do share buy back at low price and high volume...

article out that means it's close to settlement soon....once down, then the news out saying appeal success... final closing - fine... closing episode....