Rubberex Corp Bhd posted a fourth quarter ended Dec 31, 2020 net profit of RM59.44 million — 15 times the RM3.88 million it made in the corresponding quarter a year ago — and its highest quarterly net profit on record.
“The improved performance in the current quarter was mainly driven by the increased production output that had come on-stream, consistently strong demand and higher average selling prices of nitrile disposable gloves in the fourth quarter compared with the first nine months of the year.
"Moving forward, the group is expected to be on even stronger position in year 2021 as the order books for 2.5 billion pieces of nitrile disposable gloves have already been fully taken up. This division is also expected to contribute more significantly in terms of revenue and earnings to the group for financial year 2021,” it noted on its prospects. In a separate statement, managing director Khoo Chin Long said disposable gloves will remain at the forefront of protection, safety and hygiene, notwithstanding vaccine roll-outs globally. “We are well positioned to capitalize on the persistently robust market demand as our order books for 2.5 billion pieces have been filled up for the year. As such, we expect this division to contribute even more significantly in the coming quarters,” Khoo added.
If the AT price keeps on dropping before release of December 2020 QR report, it is not wise to buy yet as chances are insiders have already known the results or unnecessary delay and are secretly selling to the market... Beware... Beware... Beware..
Last week me and my retailers friends bought AT at the price of 0.135 to 0.145, yesterday again we bought 0.14 to 0.145, now we are queuing to buy at 0.13 to 0.135 as we know the desperate sellers are disposing their shares before release the QR result or further delay due to auditing concerns.. Be ready to buy by using pyramid average buy down model...
oskchoon Last week me and my retailers friends bought AT at the price of 0.135 to 0.145, yesterday again we bought 0.14 to 0.145, now we are queuing to buy at 0.13 to 0.135 as we know the desperate sellers are disposing their shares before release the QR result or further delay due to auditing concerns.. Be ready to buy by using pyramid average buy down model...
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That means taking more and more money to feed yr lousy habits
polycarp, many listed companies already reported their December 2020 QR result except the Fintec Group of companies, now it is the chance to buy lower and lower prices as many investors are loosing patient with AT management empty talks especially so many MOU have been cancelled, why...
It is safer to buy cheaper prices than chasing high like last Monday, many genuine retailers buying at 0.16 to 0.165 thinking that AT will provide concrete results but end up only empty talks and another MOU which is liable to be cancelled later on, that's why many people started selling on Tuesday onwards, only you can blame thr6d..
Since AT Glove factory started production but many bigger glove companies like Supermax, Top Glove and Hartalega, their share prices are more attractive than buying AT shares prices..
If the AT price keeps on dropping before release of December 2020 QR report, it is not wise to buy yet as chances are insiders have already known the results or unnecessary delay due to auditing concerns and are secretly selling to the market.... Beware... Beware... Beware..
So Monday buy on good rumours of AT official opening by Minister at the price of 0.16 to 0.165, on Tuesday afternoon, when investors found out the empty talks means so many people sold AT shares and it end up yesterday at 0.14.. It is typically a buy on good rumours and sell on by negative comments..
All big 3 glove counters are subject to attacks by Short Sellers today and will continue until Bursa stop RSS, otherwise there is no hope for Glove counters to recover soon, so buy AT by pyramid average buy down model.. perhaps until it reaches RM 0.005..
If the AT price keeps on selling at RM 0.14 before release of December 2020 QR report, it is not wise to buy yet as chances are insiders have already known the results or unnecessary delay due to auditing concerns and are secretly selling to the market.... Beware... Beware... Beware..
If the AT price keeps on selling at 0.14 before release of December 2020 QR report, it is not wise to buy yet as chances are insiders have already known the results or unnecessary delay due to auditing concerns and are secretly selling to the market.... Beware... Beware... Beware..
Limit Up Limit Up Limit Up Limit Up Limit Up Limit Up Limit Up Limit Up Limit Up Glove here to stay for long long term. Demand always there. Profit confirmed.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael R.
4,827 posts
Posted by Michael R. > 2021-02-24 22:59 | Report Abuse
spent lots of money to buy that Kamunting.. can retain n cross nett profit or not??