Posted by nemomilly > 2020-06-17 20:19 | Report Abuse

masterly inactivity

Posted by nemomilly > 2020-06-17 20:25 | Report Abuse

sometimes doing nothing is the best thing to do

Posted by nemomilly > 2020-06-17 20:26 | Report Abuse

look at the horizon.. not at the tip of your nose

Posted by DannyArcher > 2020-06-17 21:27 | Report Abuse

///// Why Cut Losses and Move On /////

Still remember how steel prices crashed two years back?

Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide. Why?

SIMPLY because stock market looks to the future!!

The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?

During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?

///// Why Buy Genting (3182)? /////

- PE4.74 only, can Genting go to PE15? (RM13) Maybe, but unlikely. Probably RM6-7, back to pre-covid level. 30%-35% upside.
- Bottom is RM3 (30% from today's pricing), don't think it will go lower than that. Gloves, what is the downside? 200%? 300% 400% down once vaccine is available. Not if, but when. Vaccine will be available by end of the year.
- Genting is cash rich, also have huge debt but manageable.

///// Why No More Lockdown Even With 2nd Wave /////

Lockdown is to buy time to stock up essentials. Now that they've stocked up enough medical supplies, and most people practices social distancing, it is unlikely we will have a 2nd lockdown, this is because it is very damaging to the economy.

Look at Iran, they have a 2nd wave but decided not to lockdown anymore knowing how damaging it can be for the economy. People will die of hunger. Poverty rate shoots up, crime up and etc.... This is the new normal. Don't be the last person to hold the bag. The PE for gloves are too crazy.

Posted by degaht > 2020-06-17 21:28 | Report Abuse

Learnnew, say thank you la, people give you advice and tips, dunno how to appreciate ah??

Posted by mf > 2020-06-18 07:02 | Report Abuse

Moderna CEO sees 'high probability' of success with Covid-19 vaccine
PUBLISHED WED, JUN 17 2020 9:00 AM EDT

Posted by Matt2020 > 2020-06-18 10:18 | Report Abuse

This is uncertainty market only meh not only glove stocks laa chill

Posted by amateurJR > 2020-06-18 11:56 | Report Abuse

Haha Ruberex QR will be a suprise result!

Posted by abcb > 2020-06-18 12:09 | Report Abuse

PE 60 times very crazy valuation
If PE 20 times,this counter should worth 0.90

Posted by abcb > 2020-06-18 12:14 | Report Abuse

This is a small size company compare with other glove counters
Its share price has already superb overvalued
When share price shooting up to 4.50 I have given advise all to dispose all as soon as you can

Posted by abcb > 2020-06-18 12:15 | Report Abuse

If you listen to all investment banks and super star analyts you will feel the pain now

Posted by abcb > 2020-06-18 12:16 | Report Abuse

Still not too late to dispose take profit faster

Posted by abcb > 2020-06-18 12:18 | Report Abuse

The next coming down price will be 2.30 soon and follow by 2.00

Posted by abcb > 2020-06-18 12:22 | Report Abuse

This counter has already cornerd and control by speculaters and punters
They will sure try to distribute the share price to you all and before shooting down it will let it up and down so that they are able to clear their cheaper stocks eventually

Posted by abcb > 2020-06-18 12:23 | Report Abuse

They try to suuport at 2.70 and distrubute to you all
Are you dare to absorb their stocks?

Posted by Underhand > 2020-06-18 12:53 | Report Abuse

You sound like sifu and insider, which one?

Posted by WooFuVeeVeeVee > 2020-06-18 13:56 | Report Abuse

Ghost counter

Posted by partimeshark > 2020-06-18 14:17 | Report Abuse

stucked... GG liao

Posted by dompeilee > 2020-06-18 14:47 | Report Abuse

The B S bubble has popped. More victims for old conman KYY LOL

Posted by High5 > 2020-06-18 15:18 | Report Abuse

When is exact QR ???

Posted by raverave > 2020-06-18 15:28 | Report Abuse

Most indices are red across the globe and there are these fear mongering people here with their "I told you so" attitude. If you guys are so pro with your forward vision, you will be sitting in a billion dollar yacht sipping wine, instead giving troll comments in a random stock forum. Also what's up with this @mf guy keep posting vaccine news in all glove counters, what's your motive?

Posted by Ammar Roshidy > 2020-06-18 15:50 | Report Abuse

@raverave fully agree with you,

Posted by abcb > 2020-06-18 16:14 | Report Abuse

Nothing surprise if drop to 2.00

Posted by raverave > 2020-06-18 16:31 | Report Abuse

@abcb back it up with facts, numbers and research, and not keep talking kok. If everything is just about PE ratio, there wouldn't be a need for CFA, MBAs n whatnot. IHH also has a very high PE ratio you probably should go bark there, also AMAZON has a very high PE ratio as well, I bet you cant even own ONE AMAZON share.

Posted by amateurJR > 2020-06-18 16:36 | Report Abuse

This is the most overrated glove counter. Its production capacity cant even match with Carepls. Its coming sales & profit are totally mismatch with its current price. If Comfort is bad, Ruberex is even worse.

Posted by amateurJR > 2020-06-18 16:40 | Report Abuse

Qtr result is on 22nd June. The company is terrible in a way that it doesnt have the gut to release its qtr result. Let u all speculate and goreng. For those who held this share before and alrdy switched to profit, congrats to u all. When the share price can climb above Comfort, u shud alrdy sell and make profit. It is a fairytale its share price can move highger than Comfort.

Posted by keown83 > 2020-06-18 16:41 | Report Abuse

RM2.66 will be the last support of confidence..if price keep upper RM2.66, then can still maintain hold..but if this support broken, then have to endure a painful lower support at RM2.4, so better sell & accept defeat..dun become too crazy to hold until RM2.4..anyway, susah liao want to make decision during US market hiccup..any opinion from both side also seems looks legit

Posted by gaomin > 2020-06-18 17:04 | Report Abuse

Today Ruberex closed 1 cents more than Comfort only . Normally 10 cents more than comfort .

Posted by keown83 > 2020-06-18 21:47 | Report Abuse

i think it's injustice to accuse Rubberex purposely delayed their QR with bad intention..as we know not just Rubberex, many other companies also delayed their QR, all these due to concerned over Covid-19 issues..until now, there're still many companies yet to declare their QR..for me, just wait for QR & see where we can go from there..the obvious thing right now is that US market is in volatile right now+covid-19 2nd waves so what happened to glove counters can't simply be translated into the end of glove demand

Posted by EngineeringProfit > 2020-06-19 06:33 | Report Abuse

Nice flag

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

Why don’t go for other counters which mainly doing nitrile glove

Posted by High5 > 2020-06-19 12:10 | Report Abuse

Looking at today s volumn...Dead...22nd qr? Not good signal ...no energy...must clised abv rm3.00 today for mon qr

Posted by EngineeringProfit > 2020-06-19 13:30 | Report Abuse

You're right.....must have volune

Posted by nickthebest > 2020-06-19 15:04 | Report Abuse

Quarter so long havent come out one T.T

Posted by High5 > 2020-06-19 16:28 | Report Abuse

Today must closed abv rm3 b4 qr

Posted by JC1425 > 2020-06-19 16:31 | Report Abuse

Its preety challenging for it to close above rm3 but anything is possible. Lets hope for the best

Posted by High5 > 2020-06-19 17:52 | Report Abuse

7 session trading days to go b4 June is over...next week expecting many qr out for many cos...looking at rubberex what the rest of you think? If true rubberex qr out next monday...today performance certainly didnt provide any sort of excitement for this coming mon...volumn r low...dont see big player coming in getting ready to make a push...sort of sudden drop of interest in Rubberex

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

After the reopening of economies now there are higher demand for industrial gloves in addition to the already high demand of medical gloves which will benefit Ruberex having a good mix of both medical (nitrile gloves) and industrial gloves.

Posted by skyhin > 2020-06-20 13:20 | Report Abuse

Less Smt line compare comfort, supwrmax

Posted by terrylam84 > 2020-06-20 14:36 | Report Abuse

Est Ruberex would be good since nitrile glove in high demand across the world, won't b surprise if it > 15mil

Posted by skyhin > 2020-06-20 20:44 | Report Abuse

Nitrile glove good for Rubberex...

Posted by WooFuVeeVeeVee > 2020-06-21 07:36 | Report Abuse

Hahaha

Posted by High5 > 2020-06-21 18:29 | Report Abuse

https://www.theedgemarkets.com/article/cover-story-two-men-midas-touch?type=corporate

Posted by startrader > 2020-06-22 10:58 | Report Abuse

Glove counters are up this week. Time to top up

Posted by High5 > 2020-06-22 10:58 | Report Abuse

When is the qr??

Posted by High5 > 2020-06-22 10:58 | Report Abuse

July?

Posted by High5 > 2020-06-22 10:58 | Report Abuse

Low volumn

Posted by skyhin > 2020-06-22 11:47 | Report Abuse

No power.. Start loose gap to comfort

Posted by gaomin > 2020-06-22 12:07 | Report Abuse

Comfort is now stronger than Ruberex.

Posted by Underhand > 2020-06-22 13:31 | Report Abuse

Which is better? Frankly speaking