Posted by IG211314 > 2020-11-06 20:00 | Report Abuse

Good news: no windfall tax
Better news. Voluntary donation to help combat covid. Breakdown below


*Total RM500mil donation*
Top Glove RM150mil
Supermax RM100mil
Harta RM90mil
Kossan RM60mil
Total from Big 4 : RM400million

100million from other listed companies :
1. River stone RM40mill
2. UniGlove RM25mil
3. Careplus RM25mil
4. Rubberex RM10mil

Grand total: RM500million

Posted by IG211314 > 2020-11-06 20:02 | Report Abuse

Someone posted this in other forum,not sure how true it was!

Posted by davidong > 2020-11-06 20:05 | Report Abuse

OMG have to pay 25M when Qr earned only 42M ,si liau

Posted by IG211314 > 2020-11-06 20:07 | Report Abuse

Voluntary donation.Good heart with good karma!

Posted by Hisham Haron > 2020-11-06 20:13 | Report Abuse

Tak betul tu. mana ada dia announce tadi. Cuma 4 company je yg kena donation. Amount 400 mil only.

Posted by helang82 > 2020-11-06 20:14 | Report Abuse

u donate 25m, God will reward 10 times....meaning 250mil !!!

Posted by IG211314 > 2020-11-06 20:16 | Report Abuse

One off donation with tax deductibility.

Posted by Newbie318 > 2020-11-06 20:18 | Report Abuse

https://www.theedgemarkets.com/article/top-glove-give-rm185m-govt-fight-covid19

Posted by Newbie318 > 2020-11-06 20:21 | Report Abuse

https://www.theedgemarkets.com/article/supermax-donates-rm75m-govts-covid19-fund-help-fight-pandemic

Posted by Hisham Haron > 2020-11-06 20:39 | Report Abuse

Refer la teks bajet page 69 point 163.

Posted by Start_0f_the_bull > 2020-11-06 20:45 | Report Abuse

IG212314, RM25mil donation is worst than windfall tax. Doesn't make sense at all. Don't try to be smart and spread the rumour please.

Posted by davidong > 2020-11-06 20:53 | Report Abuse

What will be the reaction when market opens on Monday

Posted by Equilibrium > 2020-11-06 20:53 | Report Abuse

I saw that in my telegram group too, but I did not share it out because I am not sure the truth in it, the safest is still to read from news portal like the edge.

Budget announcement only 400m. The reason many ppl who saw it did not share it is because they are smart.

Posted by davidong > 2020-11-06 20:54 | Report Abuse

Forced to pay?

Posted by izoklse > 2020-11-06 21:05 | Report Abuse

big 4 glove company will push up the price of their shares to pay for the donation. Very very good strategy by our Finance Minister. That is why we need bankers as finance minister so that he know how go without windfall tax.

Posted by Morpheus61 > 2020-11-06 21:09 | Report Abuse

There is nothing to worry about. Whatever is paid is considered tax deductible. Assuming a 25% tax rate, 4x the amount paid is tax free. Good for the company and good for the country.

Posted by Remo > 2020-11-06 21:15 | Report Abuse

Only RM400 Million is confirmed and true. The rest are rumors (fake news).
Logically speaking, a net profit of 1.75Billion company paying 180 million vs a net profit of 100Million company paying 25 million, doesn't make sense. Do your math.

Posted by Morpheus61 > 2020-11-06 21:17 | Report Abuse

100 million net profit equals 25 Million in tax anyway. So what's the difference ? The payment is tax deductible.

Posted by Taeyeon09 > 2020-11-06 21:23 | Report Abuse

No donation from careplus okay, don't spread fake news and make rumours, next week careplus confirm fly high

Posted by Newbusybody > 2020-11-06 21:39 | Report Abuse

Top glove 185m, harta 90m, supermx 75 and the rest kossan. Only 400m donation to combat covid 19. Comfort rubberex carepls not in the group.

Posted by DonWorryBeHappy > 2020-11-06 21:42 | Report Abuse

First thing first, did they donate the 25m?

Secondly, would a company make a donation that would deeply depreciate its value? Really?

Simple logic ma, kalau betul ada pun mungkin directors jual share bayar untuk you semua

Posted by hock007 > 2020-11-06 21:56 | Report Abuse

KUALA LUMPUR (Nov 6): Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd have confirmed that they are donating to the Government’s COVID-19 fund set up to battle the pandemic.

When contacted by theedgemarkets.com, Top Glove said it is donating RM185 million to the fund, while Supermax will be chipping in RM75 million.

Meanwhile, Hartalega said in a statement that it will be contributing RM90 million to the fund.

“This is a corporate social responsibility initiative by Hartalega to make a positive difference in the lives of Malaysians and support the nation’s healthcare sector,” it said.

Their total contributions amount to RM350 million.

This follows the tabling of Budget 2021 this afternoon, whereby Finance Minister Tengku Datuk Seri Zafrul Aziz announced that that the three glove makers, in addition to Kossan Rubber Industries Bhd, have committed to donate RM400 million to the COVID-19 fund.

The money will be used to cover part of the cost of vaccines and health equipment expenses, said the Minister.

Posted by Letsfly > 2020-11-06 22:19 | Report Abuse

No. There is no news that carepls donated the 25m. If you look at that stupid circulation even the numbers for the big 4 was wrong. Absolutely wrong.

Posted by NPRA1985 > 2020-11-07 02:20 | Report Abuse

Sinopharm Vaccine (linked to Kanger) is on track for full approval in November or December

“The most promising of these, developed by Wuhan-based Sinopharm, is already being given to frontline workers in the United Arab Emirates. According to Wu Guizhen, chief biosafety expert at the Chinese Center for Disease Control and Prevention, Sinopharm’s candidate is on track for full approval this month or next.”

https://www.foreignaffairs.com/articles/united-states/2020-11-05/china-winning-vaccine-race?amp=true

Posted by hambasaham > 2020-11-07 09:25 | Report Abuse

They donated glove...

Posted by Geek2020 > 2020-11-07 09:44 | Report Abuse

The Sinopharm or any China vaccine would not get the nod from western countries. They have a ego issue at play. The westerners, who are suffering the most currently will wait for vaccines from Astra Zeneca, Pfizer or Moderna. Most countries now are opting for Covax initiative under WHO. Pretty sure WHO will run a stringent test. Looks like vaccine race is up for grabs. And again, vaccination will push the glove demand even higher. Just that, how many people would actually want to be guinea pigs to get vaccinated. Would you or you rather wear a mask?

Posted by Jeju88 > 2020-11-07 09:55 | Report Abuse

Can take the 100 million from Abang Jib. He has got USD4 billion. Don't forget him for this covid contributions. Anyway all his money are tax payers money. In our chase to make some small pocket money, don't forget the politicians who stole the country's money.

Posted by SA2023 > 2020-11-07 10:12 | Report Abuse

There is roughly 250 trading days a year, making it 2500 days for a decade. Major portion of a stock's return in a decade happen in 50 to 60 trading days. This means what happens in 2% of the days decides your decadal returns. Don't time. Stay invested with good companies.
* copied from twitter

Posted by wallstreetrookie > 2020-11-07 12:33 | Report Abuse

Finance minister only mentioned big 4. What kind of syndicate spread fake news so blatantly? Carepls/Rubberex/Comfort all no need to donate. Write that down

Posted by wallstreetrookie > 2020-11-07 12:33 | Report Abuse

Fake news

Posted by wallstreetrookie > 2020-11-07 12:35 | Report Abuse

Only TopGlove + Supermx + Kossan + Harta the rest no need pay

Posted by flyingtomoon2020 > 2020-11-07 12:35 |

Post removed.Why?

Posted by TeamRocket > 2020-11-07 14:40 | Report Abuse

Hello

Posted by Atoi63 > 2020-11-07 15:13 | Report Abuse

Hello

Posted by wallstreetrookie > 2020-11-07 15:46 | Report Abuse

Hello

Posted by daretocutandchange > 2020-11-07 15:49 | Report Abuse

I heard fgv is busying to install production lines of glove in Pantai in Seremban,is it true ?

Posted by SaveMsiaFromPHGov > 2020-11-07 15:57 | Report Abuse

Waah

Posted by SaveMsiaFromPHGov > 2020-11-07 15:58 | Report Abuse

Substantial shareholders all buying up

Posted by SaveMsiaFromPHGov > 2020-11-07 15:58 | Report Abuse

Director also buying

Posted by SaveMsiaFromPHGov > 2020-11-07 15:59 | Report Abuse

Very good

Posted by Makeabuck > 2020-11-07 16:22 |

Post removed.Why?

Posted by 3932 > 2020-11-07 17:30 | Report Abuse

Conditional MCO in all states in Peninsular M'sia except Kelantan, Pahang, Perlis from Nov 9-Dec 6 (updated)
NATION
Saturday, 07 Nov 2020

4:38 PM MYT

https://www.thestar.com.my/

Posted by heeeello > 2020-11-07 19:25 | Report Abuse

CMCO in most of the states..fasten ur seat belt will fly next week

Posted by CoolBull > 2020-11-07 23:20 | Report Abuse

Gloves usually tend to do well during stricter mco

Posted by awesome20 > 2020-11-07 23:28 | Report Abuse

Strong bull on monday

Posted by keown83 > 2020-11-08 01:04 | Report Abuse

Biden wins, no windfall tax, budget for PPE confirmed, MCO once again..bye2 naysayer

Posted by DreamPredator > 2020-11-08 01:06 | Report Abuse

AP calls US election, Biden wins

https://www.theguardian.com/us-news/ng-interactive/2020/nov/07/us-election-2020-live-results-donald-trump-joe-biden-presidential-votes-pennsylvania-georgia-arizona-nevada

Posted by DreamPredator > 2020-11-08 01:08 | Report Abuse

Big glove import orders coming soon from US side

Posted by DreamPredator > 2020-11-08 01:08 | Report Abuse

Flying season coming back to gloves again soon

Posted by TonalDrump > 2020-11-08 02:15 | Report Abuse

All the requirements for careplus to fly have been met
[✓] CMCO
[✓] 2021 Budget
[✓] Biden victory
[✓] No windfall tax
[✓] Directors buying shares
[✓] Stellar QR

Can easily fly beyond RM4. You will be foolish to sell lower than RM4