Posted by DezMyWay > 2020-11-20 14:28 | Report Abuse

@goreng kaki
Share resale is to purchase a land in Perak...
Don’t comment if u know nothing!!

https://www.klsescreener.com/v2/announcements/view/3264237

Posted by param1 > 2020-11-20 14:28 | Report Abuse

bought last week only regret didn't buy enough

Posted by Primeinvestor > 2020-11-20 14:30 | Report Abuse

q4 capacity increase from 1b to 2.5b = normalised profit of Rm100m per quarter coming, so you can tell next year can do RM400m pe of 4x, havent including asp increase of 20%, that wil be RM600m, pe of 2.8x

Posted by JohnFarmer458 > 2020-11-20 14:31 | Report Abuse

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

JohnFarmer458 limit up tomorrow
19/11/2020 10:31 PM

Posted by mita29 > 2020-11-20 14:35 | Report Abuse

At support level released good result, cmon, no need to panic sell... only panic buy

Posted by aphrodite > 2020-11-20 14:37 | Report Abuse

After vaccine is released, glove counters will rise again due to the gloves needed to inject vaccine. Considering the number of people that would want to inject + The number of covid/hospital patients, glove demand will go through the roof.

Especially with Rubberex, the upward potential of its share price is very high as it is considered the more ‘affordable’ counter

Posted by izulemas > 2020-11-20 14:37 | Report Abuse

make glove great again

Posted by LOOK009 > 2020-11-20 14:40 | Report Abuse

Rubberex 3Q net profit surges 13 times amid strong nitrile glove demand
TheEdge Fri, Nov 20, 2020 02:17pm - 22 minutes ago


KUALA LUMPUR (Nov 20): Rubberex Corp (M) Bhd's net profit for the third quarter ended Sept 30, 2020 surged 13 times to RM39.52 million from RM3.11 million in the previous year's corresponding quarter, as demand for nitrile gloves spiked amid the pandemic.

Revenue for the quarter jumped 75% to RM109.03 million from RM62.23 million a year earlier.

"The improved profits were mainly due to an overall increase in demand of the group's products namely household, industrial and nitrile disposable gloves due to the Covid-19 pandemic since early this year, higher average glove selling prices, favourable exchange rates and improved production efficiencies," said Rubberex in a filing with the exchange.

For the cumulative nine months ended Sept 30, 2020, net profit increased 860% to RM71.74 million from RM7.47 million in the previous year, while revenue increased 57% to RM263.56 million from RM168.33 million.

Going forward, the group said it is focused on the nitrile disposable glove division, which is currently operating at full capacity, and said its performance is expected to continue for the rest of 2020, pointing out that its order book has been filled up to last until the second half of 2021.

"The group's next capacity expansion is on track and is expected to contribute to the group's earnings in the fourth quarter of 2020 onwards," it said.

In a separate filing, Rubberex said its wholly-owned subsidiary Rubberex Alliance Sdn Bhd has entered into a sale and purchase agreement with Prisma Lengkap Sdn Bhd to acquire two parcels of land in Perak for RM11.39 million.

The two parcels comprise a 35,260-square-metre tract and another 12,839-square-metre tract in Sungai Terap, Kinta, Perak to be purchased for RM8.35 million and RM3.04 million respectively, to be funded via internally generated funds.

The group said it intends to use the lands to expand its manufacturing and sales of nitrile disposable gloves.

"The proposed acquisition is expected to contribute positively to the earnings of Rubberex group as demand for gloves remains strong amid the Covid-19 pandemic," it said.

The group expects to complete the acquisition by the first quarter of 2021, barring unforeseen circumstances.

At 12.30pm, Rubberex rose 14 sen or 7.41% to RM2.03, giving a market capitalisation of RM1.69 billion.

Posted by aphrodite > 2020-11-20 14:42 | Report Abuse

Closing 2.3 maybe?

Posted by ryanlcc > 2020-11-20 14:43 | Report Abuse

thought QR next week..
WOHOO !!!
LAI LIAO !!!

Posted by YahKoboi > 2020-11-20 14:45 | Report Abuse

fuhyoh...

Posted by Toplove888 > 2020-11-20 14:46 | Report Abuse

Rm2.3 comin hoot 9 e

Posted by xuxu > 2020-11-20 14:48 | Report Abuse

yesterday 1.9 don't want, now 2.1 rebut-rebut lagi hehe. bila turun semua buang lagi hehe

Posted by Start_0f_the_bull > 2020-11-20 14:48 | Report Abuse

The results is up to Sep before the share split in Oct.

Posted by 99newbie > 2020-11-20 14:50 | Report Abuse

now still cheap, next week will more higher

Posted by rocky_88 > 2020-11-20 14:50 | Report Abuse

main2 tarik2..lu!

Posted by horaceqsh > 2020-11-20 14:50 | Report Abuse

maybe close 2.22? hehe

Posted by LOOK009 > 2020-11-20 14:52 | Report Abuse

It’s strange that there is no limit up.

Posted by PZOGRO > 2020-11-20 14:53 | Report Abuse

4PM SHOW TIME AS LIMIT UP STOCK? POSSIBLE? GO GO GO !

Posted by kdginvest > 2020-11-20 14:53 | Report Abuse

TODAY GLOVE STOCKS 2ND HALF STILL GOING UP, READY TO LIMIT UP NEXT MONDAY.

Posted by aphrodite > 2020-11-20 14:55 | Report Abuse

Limit up 30%, still got room to fly

Posted by PZOGRO > 2020-11-20 14:56 | Report Abuse

BUY ON ANY PULLBACK BLACK FRIDAY SALES!

CHEAP CHEAP BUY!

THANKSGIVING POCKET MONEY DUDE

Posted by Start_0f_the_bull > 2020-11-20 14:58 | Report Abuse

EPS is actually 5c instead of 14.88c for the qtr after the share split.

Posted by rocky_88 > 2020-11-20 14:58 | Report Abuse

https://www.theedgemarkets.com/article/rubberex-3q-net-profit-surges-13-times-amid-strong-nitrile-glove-demand?type=malaysia


dont worry it will go up.. got news TA pon cun

Posted by aphrodite > 2020-11-20 14:59 | Report Abuse

Someone is selling down, be careful

Posted by mita29 > 2020-11-20 14:59 | Report Abuse

Sell on good QR again???.... hahahaha

Posted by param1 > 2020-11-20 15:02 | Report Abuse

be patient all glove market has to move in tandem....this is knee jerk reaction only your remisier making money

Posted by penjejakawan > 2020-11-20 15:02 | Report Abuse

let them sell lah, we buy. we must be confident of the fundamentals mah

Posted by calvin501 > 2020-11-20 15:03 | Report Abuse

Awesome Ruberex!
Rise above it all and it’s time to SOAR!

Posted by ryanlcc > 2020-11-20 15:05 | Report Abuse

TP RM2.50 !!

Posted by penjejakawan > 2020-11-20 15:05 | Report Abuse

yea, likely those ppl selling acquire at the price range of 1.80++ now locking profit oni.

Posted by ryanlcc > 2020-11-20 15:10 | Report Abuse

those acquiring at RM1.80 on Tuesday....
Must be laughing for the entire weekend..

PIAH JOR !!!

Posted by Chua Joe Beng > 2020-11-20 15:12 | Report Abuse

show just started!

is it worth to sell now?

2.10 for a target price of 3.00

Posted by aphrodite > 2020-11-20 15:19 | Report Abuse

Will probably drop some more before it flies... 没眼看

Posted by KFKF > 2020-11-20 15:27 | Report Abuse

It just first day from rebound...3.00 is waiting soon.

Posted by bonds56 > 2020-11-20 15:30 | Report Abuse

I don't think will limit up. May b will close at 2.25....?

Posted by FaridIsland > 2020-11-20 15:33 | Report Abuse

Close 2.25...gud enaf!

Posted by savingprivateryan > 2020-11-20 15:34 | Report Abuse

The trend for gloves is heavy selldown on announcement of very good QR. There may be a drop on Monday, I'd queue for 1.880

Posted by 3b2b > 2020-11-20 15:35 | Report Abuse

DATO' ONG CHOO MENG 16-Nov-2020 Disposed 9,600,000 0.000

Posted by Jpck150 > 2020-11-20 15:41 | Report Abuse

Those keep mentioned Dato Ong disposed his share and the group resale its share, can you all please do some homework?? All the while talking nonsense thing, shame on you

Do you really realize how much still Dato Ong holding the share after his disposed?? I could say it just a drop in an ocean, insignificant at all, and disposal can't be for his own pocket money to buy candies??

Resale is for purchasing 2 pieces of land purposely to expand the capacity

Posted by pendekarbujang > 2020-11-20 15:49 | Report Abuse

Thank to god.made some profit today

Posted by PositiveGreen > 2020-11-20 16:02 | Report Abuse

any idea when KWSP will top up? maybe need wait research house publish revised value during weekend. that will be too late for me to buy. I guess i better collect now.

Posted by kdginvest > 2020-11-20 16:19 | Report Abuse

TODAY LOWEST PRICE TO BUY, BEFORE IT FLY ANOTHER ~5-10% NEXT MONDAY.

Posted by 99newbie > 2020-11-20 16:24 | Report Abuse

rr fly next week and no more cheap ticket

Posted by rocky_88 > 2020-11-20 16:24 | Report Abuse

glove rallyy

Posted by rocky_88 > 2020-11-20 16:31 | Report Abuse

next week fly

Posted by kdginvest > 2020-11-20 16:37 | Report Abuse

YES, GOING TO FLY, HISTORY REPEAT ITSELF.

Posted by aphrodite > 2020-11-20 16:40 | Report Abuse

Looks like sell down is about done, time to collect

Posted by MsBillionaire > 2020-11-20 16:40 | Report Abuse

Fly high!!!

Posted by Jpck150 > 2020-11-20 16:43 | Report Abuse

contra and intra investor took profit over, price stabilized, time to collect and hold for next week kabomm!