Posted by WenlinC > 2020-08-25 14:09 | Report Abuse

John1102, what other counter can buy ?

Posted by Opulent > 2020-08-25 14:10 | Report Abuse

Market sentiment not good

Posted by David Coperfield > 2020-08-25 14:20 | Report Abuse

i always use KAREX, I LOVE karex & karex can change my life & to enjoy my life....

Posted by WallstreetBets > 2020-08-25 14:29 | Report Abuse

@peng72 come buy today confirm limit up ady

Posted by Opulent > 2020-08-25 14:37 | Report Abuse

Karex is too late to go into glovw manufacturing

Posted by damansaraeagle > 2020-08-25 14:48 | Report Abuse

June 8 ,Maintain HOLD, TP: RM0.59. We maintain our HOLD call with unchanged TP of RM0.59. To recap we changed our valuations on all rubber companies under our coverage in our Rubber Sector report (19 May); Karex’s PB multiple was raised to 1.2x (-1SD below 5-year mean) from 0.75x with the promising outlook in rubber products segments. Thus, our TP increase to RM0.59 (from RM0.36) and upgraded our call to HOLD (from Sell). Our TP is a function of 1.2x FY21 BVPS of 49.2 sen (- 1SD below 5-year mean).

Posted by WenlinC > 2020-08-25 15:15 | Report Abuse

Better hold cash first. Waiting another Target appear.

Posted by WenlinC > 2020-08-25 15:17 | Report Abuse

I think KAREX need consolidate first before another uptrend.

Posted by WenlinC > 2020-08-25 15:27 | Report Abuse

Those chase high this morning all die kao kao.

Posted by fishballsoup > 2020-08-25 15:28 | Report Abuse

Wah 0.97... didn’t expect a downturn at all

Posted by WenlinC > 2020-08-25 15:29 | Report Abuse

I can said KAREX management pick wrong time to announce the news. Good news become Bad news.

Posted by investisthekey > 2020-08-25 15:35 | Report Abuse

Ya. Wrong timing to announce. Don't think they will follow the wave.. Is near to game over. 12 months to start. Many new glove maker is ready to produce by end of this year.

Posted by Enilec Mak > 2020-08-25 15:36 | Report Abuse

Yup. Good news become no news.....Sentiment has changed....it's pharma gals now....

Posted by investisthekey > 2020-08-25 15:37 | Report Abuse

Even AT make announcement to produce by Nov also cannot move this counter only ready in 12 month. Susah sikit

Posted by fishballsoup > 2020-08-25 15:43 | Report Abuse

anyone else still holding?

Posted by WenlinC > 2020-08-25 15:43 | Report Abuse

Everyone, If KAREX hit your cut loss pts please exit. Don't dream it will rebound. Big player already selling now. Better hold cash first.

Posted by WenlinC > 2020-08-25 15:44 | Report Abuse

KAREX totally no support at all. Big player keep selling.

Posted by Opulent > 2020-08-25 15:52 | Report Abuse

Tomorrow will be cheaper

Posted by azta12 > 2020-08-25 16:01 | Report Abuse

start collect

Posted by Opulent > 2020-08-25 16:17 | Report Abuse

When u sell it will go up

Posted by Opulent > 2020-08-25 16:18 | Report Abuse

Now is the time to buy and not sell

Posted by WenlinC > 2020-08-25 16:23 | Report Abuse

After the price surge, AmInvest Research lowers glove sector to neutral

KUALA LUMPUR: AmInvestment Research is downgrading its call on the glove sector to neutral from overweight as at the current share price levels, the valuations for glove companies under its coverage – Top Glove, Kossan and Hartalega -- have fully priced in the companies’ earnings outlook.

“We think that the average selling prices (ASP) will begin to taper off in 1Q2021 after the expected increase in ASP until end-2020, which have been priced in. Share prices of all of the glove companies in our coverage have exceeded their target prices, ” it said in a research note on Tuesday.

Top Glove is currently trading at CY21F PE of 43.3 times, which is two standard deviations higher than its three-year average forward price-to-earnings (PE) of 28.9 times.

Kossan Rubber’s CY21F PE of 26.0 times is almost one standard deviation higher than its three-year average forward PE of 23.7 times.

Hartalega is presently trading at a CY21F PE of 40.9 times, which is slightly higher than its 3-year average PE of 39.5 times.

“An increase in industry capacity would exert downward pressure on selling prices. The big glove producers (Top Glove, Kossan, Hartalega, Supermax and Sri Trang) have plans to increase capacity by 21% in 2020E, 23% in 2021F and 27% in 2022F.

“We believe that higher supply of gloves from the expanded capacity will more than offset the increase in demand. Moreover, we think that recent strides in vaccines formation will affect the ASP of gloves as the urgency of glove orders would be lessen. We are not making any changes to our earnings forecasts as we have already assumed that a Covid-19 vaccine would be available by 2H2021, ” it said.

AmInvest Research said the glove companies’ capacity expansion plans will add 126 billion pieces (54%) of capacity in 2 years by end-2022.

“Although this bodes well in terms of ability to cater to higher volume of orders for the next one to 1.5 years, we think that a short-term supply glut will come back into play in 2022F, ” it said.

“On a positive note, we expect sales volume to continue growing in 2021F as we anticipate a structural change in the way gloves are used. There will be a new normal where glove usage per capita will increase as hygiene measures become stricter. The glove consumption per capita in emerging markets such as India and China is low at around tow to six gloves as opposed to circa 100–280 gloves for developed countries, ” it said.

AmInvest Research said it took this opportunity to downgrade our call on Top Glove and Kossan to Hold while it maintained its Hold call on Hartalega.

“We now have a Hold call on Top Glove with unchanged FV of RM25.70. Our valuation is based on 33x CY21F EPS. We assume ASP of US$35 in FY21F and US$25 in FY22F.

“We reiterate our Hold call on Hartalega with unchanged FV of RM18.74. Our valuation is based on 45x CY21F EPS. We assume ASP of US$30 in FY22F and US$27 in FY23F, ” it said.

Posted by azta12 > 2020-08-25 16:25 | Report Abuse

nice accumulate and hold

Posted by WenlinC > 2020-08-25 16:26 | Report Abuse

Maybe AmInvest report cause the panic selling in glove stock.

Posted by Opulent > 2020-08-25 16:27 | Report Abuse

Habis lah

Posted by nich0las > 2020-08-25 16:28 | Report Abuse

Wah leh, ham+chan liao. Run.. Market Crash!

Posted by Opulent > 2020-08-25 16:28 | Report Abuse

No brakes

Posted by startrader > 2020-08-25 16:31 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/08/25/karex-to-set-up-medical-glove-factory-in-hatyai

Posted by magus > 2020-08-25 16:33 | Report Abuse

Aminvest always not choon in their TP and predictions, just check their previous TPs for many counters and you can see a trend. They always very gloomy even tho the sun is shining brightly.

Posted by azta12 > 2020-08-25 16:33 | Report Abuse

add

Posted by Enilec Mak > 2020-08-25 16:36 | Report Abuse

Luckily I sold all , I thot it was not a good sell price. avg 1.045 considering yesterday's closing was 1.09

Posted by Enilec Mak > 2020-08-25 16:36 | Report Abuse

Now at 90 sen, m glad I did

Posted by Opulent > 2020-08-25 16:59 | Report Abuse

AmInvest news came out in Star earlier today. Only last hour prices plunged.

Posted by Stockisnotfun > 2020-08-25 17:00 | Report Abuse

haha please support condom. We need condom to survive

Posted by WallstreetBets > 2020-08-25 17:03 | Report Abuse

@Stockisnotfun wait bar and clubs to fully reopen

Posted by InvestForFuture > 2020-08-25 17:12 | Report Abuse

https://www.malaymail.com/news/life/2020/08/25/top-us-health-official-apologises-for-touting-false-plasma-data/1896908

Tomorrow rebound

Posted by Opulent > 2020-08-25 17:29 | Report Abuse

Hope not second Pang72

Posted by neverloss > 2020-08-25 17:44 | Report Abuse

back to a week before ya

Posted by neverloss > 2020-08-25 17:48 | Report Abuse

it will not drop till 28 sen....hopefully tomorrow will continue down till 70 sen, then can all in

Posted by neverloss > 2020-08-25 17:50 | Report Abuse

tmr max limit down 30% is 90.5 x 30% = 27......mean 63 sen only consider limit down

Posted by tkk228 > 2020-08-25 19:03 | Report Abuse

See u guy tmr 1.2

Posted by Opulent > 2020-08-25 19:27 | Report Abuse

1.2?

Posted by JP1952 > 2020-08-25 20:55 | Report Abuse

Last night many said that it would be limited up to 1.39. Now they say another thing, what kind of investor? If you look at the counter, you must have the confidence on it, do just influence by market sentimental.

Posted by Popcornlover > 2020-08-25 21:38 | Report Abuse

I like to see the show here.. look like someone silently missing

Posted by Orlando > 2020-08-25 22:17 | Report Abuse

https://klse.i3investor.com/servlets/ptres/56431.jsp

Posted by Orlando > 2020-08-25 22:22 | Report Abuse

Top Gloves n Supermax making RM 300m in jz one quarter

Posted by WallstreetBets > 2020-08-25 22:59 | Report Abuse

lets hope for the best :D

Posted by stockwinner > 2020-08-26 02:18 | Report Abuse

Beli Beli tomorrow, 15% discounts discount better than 400% premium in Tap Closed, Superman and Kossai.

Posted by James Ng > 2020-08-26 09:07 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-08-26-story-h1512539624.jsp
[转贴] [KAREX BHD：完成最终social audits后，避孕套向商业和招标市场的销售有了显着改善。本季度对美洲地区的销售也特别强劲。有利的销售组合以及诸如提高自动化程度和改善生产流程等措施控制了成本] - James的股票投资James Share Investing

Posted by Opulent > 2020-08-26 09:08 | Report Abuse

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