Posted by Michael Kwok > 2019-07-28 22:22 | Report Abuse

I recommend buy.Target price 18-20 cent(Worst case scenario).

Posted by hondapetak > 2019-07-31 11:47 | Report Abuse

move move move!

Posted by traderfiq > 2019-08-01 15:34 | Report Abuse

nice result cant push price up?

Posted by Caddy Caddy > 2019-08-01 20:01 | Report Abuse

Haha so pelik tis stock la.

Posted by stockmethods > 2019-08-02 15:12 | Report Abuse

Always quiet before the storm coming....

Posted by traderfiq > 2019-08-07 11:46 | Report Abuse

QoQ 495.12% YoY 468.13%

Trump tweet decide it all

Posted by rhinos > 2019-10-31 11:38 | Report Abuse

Qr report good

Posted by shootingstar888 > 2019-11-02 15:30 | Report Abuse

QR good but useless, always sleeping....

Posted by SK1200 > 2020-03-05 15:42 | Report Abuse

why suddenly volume surge?any good news?

Posted by DobitaLim > 2020-03-21 18:42 | Report Abuse

Hopefully delist soon wakahkahkah

Posted by birkincollector > 2020-04-23 12:23 | Report Abuse

looks like gionna go up

Posted by birkincollector > 2020-04-27 12:30 | Report Abuse

hehehe told ya

Posted by Bull13 > 2020-05-02 09:52 | Report Abuse

SCH director buys Rubberex shares. Now owns 31%. Will SCH diversify to glove products?

Posted by Bull13 > 2020-05-02 16:38 | Report Abuse

Close to 95% of Rubberex’s products are exported to over 100 countries, with its main markets being Europe, North America and Asia.

PETALING JAYA: Rubberex Corp (M) Bhd, a small-cap glove maker, attracted interest following a change in shareholding, which saw the entry of Datuk Ong Choo Meng as the single largest shareholder with a 31.33% stake.

For those not in the know, the 41-year businessman is currently the executive director at Hextar Global Bhd – a Main Main-listed company involved in the manufacturing and distribution of agrochemicals.

The company also manufactures and distributes healthcare disposable products such as wet wipes, cotton-based items, sanitary towels and tissue products.

This follows the exit of Med-Bumikar Mara Sdn Bhd (MBM) as Rubberex’s major shareholder, a development that piqued curiosity because it comes at a time the Covid-19 outbreak is driving up demand of glove products.

Rubberex manufactures household and industrial gloves, plus nitrile disposable gloves that are used by practitioners in the medical field.

Med-Bumikar is the private vehicle that counts government agency Majlis Amanah Rakyat (Mara) and several seasoned businessmen as shareholders including Rubberex chairman Datuk Abdul Rahim Abdul Halim.

A filing with Bursa Malaysia on Monday showed that the private company had ceased to be a shareholder of Rubberex after it sold all of its 67.3 million shares or 26.69% interest in the company.

The sale was done in one transaction to Choo Meng, believed to be at a price of 83.5 sen a share in a deal value at about RM56mil.

Stock exchange filings showed that Choo Meng bought Med-Bumikar’s block of shares on Feb 28 and thereafter raised his interest to 31.33% following more acquisitions of the company’s shares in early March.

The stake, which is marginally below the 33% threshold to trigger a mandatory general offer, would give Choo Meng considerable sway over the company’s decision-making.

What is Choo Meng’s plan for the company remains to be seen for now.

Notably, Rubberex is now on a better financial footing after selling its loss-making China manufacturing operations in late 2018. Since then, the Ipoh-based company has been focusing on its local operations and directed its resources into the “correct” segment, namely in the making of nitrile disposable gloves.

Rubberex managing director Khoo Chin Leng, when contacted, declined to comment on the changes at the shareholder level.

Operationally, he said the company is seeing demand exceeding supply by manifold since the outbreak of Covid-19.

“We are running at full capacity, as per Miti’s (Industrial Trade and Industry Ministry) compliance. Our orders run up until the end of the year and we have received many queries from Europe, plus from other parts of the world, ” he told StarBiz.

At present, the company’s plant is able to churn out about one billion pieces of nitrile disposable gloves per year. The company hopes to increase capacity by another 1.5 billion pieces a year when its factory expansion comes on stream by the middle of the year. If business is good, it is looking to expand further in 2021.

Close to 95% of Rubberex’s products are exported to over 100 countries, with its main markets being Europe, North America and Asia.

It has a unit in Spain to service its biggest customers there plus to facilitate the distribution of its gloves around Europe, which contributes a big chunk to total revenue.

Considering that Hextar’s presence is mostly local, excess to a wider market beyond the country is something that could be leveraged on, an analyst said.

As for Med-Bumikar, it appears to be an opportunity to monetise some assets it has been owning for a long time.

“Med-Bumikar has been a promoter of Rubberex since the late 1980s. Some of their shareholders are old timers in the corporate world and may be wanting to monetise their investments, ” said the analyst.

Besides Mara, six families own the remaining shares in Med-Bumikar. The private vehicle also owns a 49.5% stake in MBM RESOURCES BHD, which in turn has interest in second national carmaker Perusahaan Otomobil Kedua Sdn Bhd.

Rubberex shares closed unchanged at 82.5 sen, after hitting an intra-day high of 84.5 sen. A total of 3.56 million shares were transacted. At this level, the stock’s market cap stood at RM208mil.

Through Waras Dinamik Sdn Bhd, Choo Meng together with vice-chairman Datuk Ong Soon Ho, is a substantial holder of Hextar. Waras Dinamik owns an indirect 52.057% interest in Hextar, which has a market cap of RM414mil based on yesterday’s closing price of 50.5 sen.

Soon Ho and Choo Meng were once major shareholders of Denko Industrial CorpBhd but divested the 18.53% stake they collectively held about three years ago.

Currently, Choo Meng is also a non-independent and non-executive director at ACE Market-listed SCH Group Bhd.

Posted by volks2 > 2020-05-05 09:20 | Report Abuse

now 10.5 cents...more to come

Posted by longvalley > 2020-05-05 13:53 | Report Abuse

Terkejut beruk.......
Masing masing.......!!!

Posted by FancyMe > 2020-05-05 19:12 | Report Abuse

GOOD NEWS GUYS! GOOD NEWS GUYS! GOOD NEWS GUYS! GOOD NEWS GUYS!

ARBB YEAR END TP RM 1.00--ARBB YEAR END TP RM 1.00--ARBB YEAR END TP RM 1.00

LET ME WRITE A SIMPLE SUMMARY ON WHY WE SHOULD BUY ARBB 7181 SHARES!

1.) Executive Summary
ARB Berhad, provides enterprise resource planning, Internet of Things (IoT), and re-energy solutions in Malaysia.

2.) Market Performance
GOOD-- (7 Day Return 19.1%) ( MY IT 4.8%) (MY Market 0.6%)


3.) Valuation
Is ARB Berhad undervalued compared to its fair value and its price relative to the market?
2.44xPrice to Earnings (PE) ratio

a.) Price To Earnings Ratio
PASS-- PE vs Industry: ARBB is good value based on its PE Ratio (2.5x) compared to the IT industry average (20.3x).

PASS-- PE vs Market: ARBB is good value based on its PE Ratio (2.5x) compared to the MY market (12.9x).

b.) Price to Book Ratio
PASS-- PB vs Industry: ARBB is good value based on its PB Ratio (0.8x) compared to the MY IT industry average (1.1x).


4.) Future Growth
ARB Berhad forecast to perform in the next 1 to 3 years based on estimates from analysts.
PASS-- 83% Forecasted Software industry annual growth in earnings


5.) Past Performance
PASS- Until 31 dec 2019
Revenue rm102.644mil / year
Earnings rm33.205mil / year
Profit margin 32.3%
Growing Profit Margin:ARBB's current net profit margins (32.3%) are higher than last year (27.7%).

.

How has ARB Berhad performed over the past 5 years?
PASS--58.0% Historical annual earnings growth

a.) Past Earnings Growth Analysis
PASS-- Earnings Trend: ARBB has become profitable over the past 5 years, growing earnings by 58% per year.

PASS-- Accelerating Growth: ARBB's earnings growth over the past year (684.6%) exceeds its 5-year average (58% per year).

PASS-- Earnings vs Industry: ARBB earnings growth over the past year (684.6%) exceeded the IT industry 17%.



6.) Return on Equity

PASS-- High ROE: ARBB's Return on Equity (27.5%) is considered high.



7.) Financial Health

How is ARB Berhad's financial position?
PASS-- Short Term Liabilities: ARBB's short term assets (MYR75.7M) exceed its short term liabilities (MYR1.1M).

PASS-- Long Term Liabilities: ARBB's short term assets (MYR75.7M) exceed its long term liabilities (MYR6.5M).



8.) Debt to Equity History and Analysis
PASS-- Debt Level: ARBB's debt to equity ratio (0.1%) is considered satisfactory.

PASS-- Reducing Debt: ARBB's debt to equity ratio has reduced from 3.5% to 0.1% over the past 5 years.

PASS-- Interest Coverage: ARBB's interest payments on its debt are well covered by EBIT (509.3x coverage).


MORE GOOD NEWS GOOD INVESTORS OF ARBB 7181 !!!
ARBB (7181) has 5 main Pillars (AND THIS IS NO CRYSTAL BALL NEWS)

1. Pillar number One

ARBB (7181 ) is doing IOT and others

THE Main focus for investing in ARBB(7181)is because of RM210 million was allocated under the programmed to encourage transition of businesses to Industry 4.0 technology from 2019 till 2021.


2. ARBB (7181) is doing ERP SYSTEM and others

AFTER MCO ARBB JV COMPANY WILL BRING TONS OF CUSTOMERS RAINING IN
(100% CONFIRM)......


3.ARBB (7181) is going for gov project

CONTRACT WILL BE SIGNING WITHIN 4 MONTHS........
(70%CONFIRM!)........

4.ARBB (7181) is going overseas
U.S COMPANY Caravan Capital Management LLC IS INVITING ARBB PERSON IN CHARGE GOING AMERICA TO MAKE PROMOTION ABOUT ARB BERHAD! BECAUSE Caravan Capital Management LLC HAVE LOTS OF U.S BIG COMPANY RECOMMENDED TO INVEST INTO ARBB......
(100% CONFIRM)

MORE AND MORE FOREIGN COMPANY WILL SAPU ARBB SHARES (100% CONFIRM).......

5.ARBB(7181) is related to gov...........RECENTLY.
WHICH GOV PARTY? DON'T ASK!!!!!! WILL NOT ANSWER!!!!!!
(100%CONFIRM)

THE rest are side dishes

Year 2020 will see ARBB (7181) turn into a Red hot bull run stock of IR 4.0 INDUSTRY just like OGSE was for 2019!

BUY NOW ARBB (7181) BEFORE THE PRICE SHOOTS UP!

Posted by cbtan109 > 2020-05-29 15:49 | Report Abuse

Dato Ong coming to this stock soon like Rubberex...

Posted by maoma2 > 2020-07-09 17:12 | Report Abuse

Another penny stock to goreng

Posted by yamiyugi > 2020-07-24 19:41 | Report Abuse

up up up...go go go

Posted by Lam John > 2020-08-05 10:39 | Report Abuse

Rubberex boss major shareholder of sch

Posted by maoma2 > 2020-08-05 11:45 | Report Abuse

bought wa at 0.015 100k not sure need to sell now or wait

Posted by Leoleo > 2020-08-05 12:14 | Report Abuse

anything good about this counter to goreng ?

Posted by thor88 > 2020-08-11 19:24 | Report Abuse

Why this stock drop heavily

Posted by fhis > 2020-08-24 11:15 | Report Abuse

Engine started

Posted by fhis > 2020-08-24 11:15 | Report Abuse

More to come

Posted by cnnboy > 2020-08-25 15:49 | Report Abuse

this counter got potential. collecting a bit

Posted by cnnboy > 2020-08-25 15:51 | Report Abuse

supported well at 12. Waiting for some uptrend spark

Posted by kiasu_trader > 2020-08-28 15:47 | Report Abuse

i heard they might doing a mega project to supply glove equipment , stay monitor TP 0.200

Posted by kiasu_trader > 2020-08-28 15:51 | Report Abuse

chart shown reverse soon with a wave 3 higher high

Posted by cnnboy > 2020-09-01 09:22 | Report Abuse

anytime this counter will fly

Posted by Twinklehahaha > 2020-09-01 09:59 | Report Abuse

anyone know how much TP for this counter?

Posted by thor88 > 2020-09-01 20:02 | Report Abuse

No fly at all.

Posted by MAM2020 > 2020-09-02 21:14 | Report Abuse

collection mode. will fly soon...TP 0.180/0.200

Posted by thor88 > 2020-09-03 12:10 | Report Abuse

When flying

Posted by MAM2020 > 2020-09-06 17:23 | Report Abuse

this week..just wait and see...

Posted by BeginnerLearner > 2020-09-08 12:47 | Report Abuse

price keeps going down, cut loss and run :(

Posted by Michael Kwok > 2020-09-14 11:01 | Report Abuse

I bought rm 20k in this company at 12.5 cents.No need to run.Mr Ong had few hundred million rm.Wht do u all think when he had its from Ruberrex shares.So SCH Tp at over 20 cents.Let see till end of the month or 15 days of Oct 2020.

Posted by bombominvest > 2020-09-14 12:01 | Report Abuse

today limit up is rm0.42 don pump over it!

Posted by jazz2pai > 2020-09-14 12:06 | Report Abuse

haha mengarut

Posted by avenger88 > 2020-09-14 12:55 | Report Abuse

what happen drop back to 12.5 from highest 13.5

Posted by Michael Kwok > 2020-09-14 13:38 | Report Abuse

Dato Ong bought at 19 cents.This year he rich through his Hextar vehicle which invest in Rubberex at 80 over cents.Earn few hundred millions net gain base on today price.SCH only worth early 70 over million.

Posted by AAAwell > 2020-09-14 14:12 | Report Abuse

Expecting sudden breakout

Posted by BeginnerLearner > 2020-09-14 14:52 | Report Abuse

what's target price?

Posted by avenger88 > 2020-09-14 16:41 | Report Abuse

no chance liao..lousy stock.

Posted by jojo85 > 2020-09-14 17:09 | Report Abuse

Someone press the price to close at 0.12..

Posted by avenger88 > 2020-09-14 17:15 | Report Abuse

banker no intention to pushout and they are selling the tickets

Posted by Michael Kwok > 2020-09-14 17:41 | Report Abuse

No need to worry.Wait and see.

Posted by Srsm Trader > 2020-09-14 18:40 | Report Abuse

huge volume today. something brewing.

Posted by Abd Rahim Osman > 2020-09-14 20:11 | Report Abuse

Yes
Agreed