Because Dato Eddie Ong already hold more than 51%, so he has no intention to let the Company hold the treasury share, this will reduce the market share floating.
That why, everytime after share buy back, sure he will re-sale those treasury share at some minimal profit, because his intention is NOT to hold treasury share.
shorties are shaking tonight.. why do you short the stock when the company is profitable? you can do short on over hype-stock like DataPrep. Learn trading guys...
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.
At 9.22am, All others glove stocks are green and up, rubberex is still unchange......waiting for the right time to shot the rocket..... hope i am right :)
This morning, the big 4 run up much faster in absolute prices: 1. Top Glove: 5.59(closing price), up 14 sen or 2.6% 2. Supermax: 5.77, up 23 sen or 4.2% 3. Hartalega: 10.54, up 42 sen or 4.2% 4. Kossan: 4.24, up 31 sen or 7.9%
But in terms of %, Comfort and Rubberex are not far behind: 5. Comfort: 2.78, up 9 sen or 3.4% 6. Rubberex: 1.44, up 4 sen or 2.9%
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....
hglee101
168 posts
Posted by hglee101 > 2021-04-21 18:10 | Report Abuse
Ruberex is a condom company....glove is just a small biz to their revenue