Posted by wallstreetrookie > 2020-11-27 17:52 | Report Abuse

I don’t hate glove companies but Rubberex is the only company that I strongly detest except Adventa and HLT. Even Carepls and comfort better than this company

Posted by EdwinYap86 > 2020-11-27 17:52 | Report Abuse

When buying company need see director and company direction good or not

Like Topglove is huge ambition, wanna be fortune 500

And Supermax is IBM huge profit margin

Rubberex is just lucky to be in pandemic

Posted by khy0100 > 2020-11-27 17:53 | Report Abuse

71m shares sold by director. Wtf lol

Posted by EdwinYap86 > 2020-11-27 17:53 | Report Abuse

But anyway, I suggest those who trapped at RM3 cut loss fast

Those who at RM2.5 around can avg down

Posted by EdwinYap86 > 2020-11-27 17:53 | Report Abuse

Will down more on Monday because Oxford vaccines news coming. Predict will touch RM1.2

But I'm waiting at RM1

Posted by ryanlcc > 2020-11-27 17:54 | Report Abuse

OH MY !!!
MEH SI !!!

Posted by EdwinYap86 > 2020-11-27 18:04 | Report Abuse

If got dividend , director won't disposed ALL his share dy.

Don't con newbies old

Lol

Posted by EdwinYap86 > 2020-11-27 18:04 | Report Abuse

Run now or bag holding for 5 years

Posted by Albukhary > 2020-11-27 18:10 | Report Abuse

haha... Trust me, very soon you will see a very powerful shareholder appeared in Ruberex.

Posted by Joyce Lee > 2020-11-27 18:16 | Report Abuse

But something interesting here , if dato throw , sure mz have buyers buy in right? Ermmmmm

Posted by mindofgain > 2020-11-27 18:23 | Report Abuse

By the way, he is just a investor of the company. So it’s really make sense he sell now

Posted by mindofgain > 2020-11-27 18:24 | Report Abuse

He accumulate since 0.60 and now already 300+ % for him

Posted by Albukhary > 2020-11-27 18:34 | Report Abuse

Dato Ong is not just a investor, buy low sell high.
Dato Ong hold more than 50%, he is the person who control the entire company, he running the show, he will bring Rubberex to next level.

You guys can look at the disposal of treasury share. If Dato want to buy low sell high, he will not dispose the treasury share, instead he will buy more treasury share to support the share price, so easier for him to sell high.

So, it is very obvious that a big player is accumulating the share. Once the shareholding exceed 5%, you will see the name.

It could be:-

1) Oversea fund
2) Local fund - EPF, KWAP, LTAT
3) Big name investor (i.e. Brahmal)

Posted by Hootbear > 2020-11-27 20:28 | Report Abuse

Dato gave u all discounted shares u all bising babi la. Just wait la by end of dec, i promise rubberex will make those hate comments here regret k

Posted by see2sea > 2020-11-27 20:50 | Report Abuse

Immediate Press Release dated 20 Nov 2020

Quoted:

The major shareholder of Rubberex, Dato’ Eddie Ong Choo Meng, holds high regard for the glove
industry in general and is committed to strengthening the Group’s presence in the world market. He
envisions an expansionary trail for the Group through increasing manufacturing capacities to meet
higher global demand while capitalizing on the Group’s established customer base and marketing
networks around the world. He is also pleased to announce that in the pipeline is Rubberex’s next phase
of expansion valued at approximately RM400.0 million, to be invested in thirty(30) new double-formers
production lines, with an installed annual capacity of 7.5 billion pieces. “This would boost the Group’s
current capacity from the current 2.5 billion pieces to 10.0 billion pieces, putting us on par with some
of our respected peers. This phase of expansion shall be coordinated in stages, with the upcoming initial
fifteen(15) production lines to be financed by internally generated funds, slated for construction by first
quarter of 2021 till completion by end-2021 before embarking on the second phase by mid-2022.”

----------------------------------

Director disposed shares + disposed of treasury shares = for future expansion

Do not misunderstand.

Hold tight and be patience.

They know there will be another 2nd bull run.

Hint

Posted by see2sea > 2020-11-27 20:53 | Report Abuse

Rubberex will increase 4 times capacity from 2.5 billion.

Anyone can calculate the target price? Let say ASP remain the same or give a 50% discount from current ASP.

Thanks

Posted by frank74 > 2020-11-28 09:02 | Report Abuse

I concur. There may be a big investor coming in, as the sale of the treasury shares were done in big blocks and certainly not sold to Ikan bilis. I saw it on the trading screen, right in front of my eyes.

As for the personal sales, I would monitor closely and not be alarmed as he still does have 50% of the business. And I would say it’s done at the best time without rattling the stock. It’s done at a time when trailing PE is low, profits are high and going to continue to be high, with additional capacity coming on board. That was why the sale was absorbed very comfortably.

Technically, the strong support is at the 1.90 region and perhaps to the recent low around 1.80. Anything above those points, I would not be concerned. In any case if you’re a mid to long term investor, you’d be focused on the massive capacity expansion which would offset any drop in ASPs after then pandemic is over.

In short, we’re looking at sustainable earnings in the long run, and the price is attractive. Have a great weekend !

Posted by Jonathan Keung > 2020-11-28 09:03 | Report Abuse

Rubbberex is an underated glove counter

Posted by PZOGRO > 2020-11-29 09:25 | Report Abuse

HOT!

ONG & CO. SALES NOW IS HEALTHY TRANSACTION

TO LIQUIFIYNG CO. SHARES IN MKT SO AS MORE IB RHB COULD BUY FROM MKT BEFORE ITS GONE UP AGAIN.

RELAX DUDE!

https://www.fsmone.com.my/admin/buy/factsheet/factsheetMYOSKTGF.pdf

Posted by gemfinder > 2020-11-29 10:32 |

Post removed.Why?

Posted by Joyce Lee > 2020-11-29 11:14 | Report Abuse

Pzogro u mean currently dato ong disposed shares and rhb buy up? Any related link that can prove this?

Posted by Mosiong Wong > 2020-11-29 12:39 | Report Abuse

Yes. It's actually acquired by new investors those sold by Ah Ong

Posted by Joyce Lee > 2020-11-29 13:55 | Report Abuse

Mosiong bt all tis is still guessing , not yet have any announcement ,wait for it maybe

Posted by Creativeteam > 2020-11-29 17:11 | Report Abuse

Directors sold huge vol. Who is buyer? Or reorganization?

Posted by nmsfqi > 2020-11-29 18:57 | Report Abuse

With the inclusion of Supermax into Bursa Main Index next month will only add more weight to glove sector in play. It’s time to fly.

https://www.nst.com.my/business/2020/11/644501/earnings-push-bursas-top-30-supermax-inclusion?fbclid=IwAR1IxQk2e-y001VVGWcD1xuRzWIQHb2yik26CsC6KWNGmhNY-NHl3jKqSmw

Posted by Pandu1 > 2020-11-30 00:08 | Report Abuse

https://www.lifesitenews.com/news/former-pfizer-vp-no-need-for-vaccines-the-pandemic-is-effectively-over

Posted by z3fthology > 2020-11-30 09:04 | Report Abuse

all glove open green rbx only red jibet

Posted by Sathya9121 > 2020-11-30 09:16 | Report Abuse

shall I cut loss?

Posted by mike555 > 2020-11-30 09:33 | Report Abuse

When Directors and Shareholders are selling off in millions, then we retailers ........

Posted by JustTry19 > 2020-11-30 09:35 | Report Abuse

Expected to go up .. 80mil shares disposed on 27/11.. hope no more crazy DIR

Posted by Sathya9121 > 2020-11-30 09:36 | Report Abuse

I don't think director sold it out to open market..

Posted by z3fthology > 2020-11-30 10:06 | Report Abuse

buying power recovering, hope RBX management stop sabotaging

Posted by wkkht > 2020-11-30 10:15 | Report Abuse

QR is very good NTA: RM3.27.
ASIAFLE
2.000
+0.1 (+5.3%)
Quarterly rpt on consolidated results for the financial period ended 30 Sep 2020
ASIA FILE CORPORATION BHD

Financial Year End 31 Mar 2021
Quarter 2 Qtr
Quarterly report for the financial period ended 30 Sep 2020
The figures have not been audited
Attachments
AFC - FY2021 2Q Quarterly Results Announcement.pdf
671.7 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2020
30 Sep 2019
30 Sep 2020
30 Sep 2019
$'000
$'000
$'000
$'000
1 Revenue
66,605
73,304
111,257
150,903
2 Profit/(loss) before tax
14,456
8,842
15,556
20,978
3 Profit/(loss) for the period
12,683
7,099
13,314
16,825
4 Profit/(loss) attributable to ordinary equity holders of the parent
12,690
7,079
13,340
16,807
5 Basic earnings/(loss) per share (Subunit)
6.52
3.63
6.85
8.63
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($)
3.2957
3.2149

Posted by Hootbear > 2020-11-30 10:44 | Report Abuse

Director disposed to expand business. Stay tuned la folks

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

ok.. i hold

Posted by Hootbear > 2020-11-30 11:37 | Report Abuse

Go check their press release. They re buyin land to increase prod lines. Soon my bro rubberex gonna fly. Hold tight2

Posted by bananachacha > 2020-11-30 11:41 | Report Abuse

ok holding too

Posted by Mosiong Wong > 2020-11-30 13:02 | Report Abuse

Nice

Posted by kasrim > 2020-11-30 15:03 | Report Abuse

maciam mau fly je..

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

everything up except u rbx... sad

Posted by ryanlcc > 2020-11-30 15:12 | Report Abuse

no energy RBX

Posted by learner1234 > 2020-11-30 15:13 | Report Abuse

No hope for Rubberex anymore..

Posted by AFIinvest > 2020-11-30 15:16 | Report Abuse

time to buy more

Posted by ryanlcc > 2020-11-30 15:23 | Report Abuse

learner1234 : u sell, i buy.
no issue bro..

AFIinvest: agree

Posted by remus17 > 2020-11-30 15:38 | Report Abuse

seems somebody purposely press the price, so that it won't go up. other glove counters all goes up

Posted by ChrisMz > 2020-11-30 15:40 | Report Abuse

clearing off contra players maybe.. today t+2 from last thursday's spike up

Posted by Pantasanicolas > 2020-11-30 16:04 | Report Abuse

Kids ! No more monkey jumping up the tree......big players have left and for next year all focus on Genm , airline companies , bio energy, telco and oil&Gas. Glove counters already in history .....Good luck and take care....

Posted by z3fthology > 2020-11-30 16:08 | Report Abuse

dato ong dumped all his share last week, who is doing it now?
and by the volume, seems like there is big fund buying at cheap price, what is the story behind?

Posted by Pantasanicolas > 2020-11-30 16:13 | Report Abuse

Latest news , the company pressing down the price below RM 1.00 end of January 2021.... Be careful kids .... For those intend to recover profit wait for next year.... From now to next year the price will limit up to 2.2 then drop back to 1.90. For those contra buyer can try your luck .....Have a good day !!!

Posted by richcares > 2020-11-30 16:15 | Report Abuse

NOO any comment