nikkei down 2.7% (-293 pts)

HSI down 1.61% (-335 pts)

am waiting for Kencana's confirmation of having the 45% stake in Global Offshore , whereby it supposed to earn a huge contract from Petronas. OH...hopefully...

Well done, pana..

you can do your own calculation, too.
latexx-wa & ruberex-wa should be in deep % too.


buy buy buy!!!

I did some valuation check... Seems like Supermx still stands out (in terms of valuation) among all gloves counters...
Next in line was Latexx... Initially, I thought Kossan stands out, but seems like CIMB give too high expectation on Kossan. May need to wait for its financial result in order to judge...
Just my own analysis, just for you guys to read for fun. Buy at your own risk.

Oh I mean the current price, lazy to log on my trading platform today..

I quote from UOB kayhian's report today:

"Rubber glove sector offers little near term upside after a strong ytd share price run up.Expect profit taking on surging cost and intense capacity expansion."


Not written by me .Judge your own.

Oh yes....definitely, now lots of $$$....Settled my TM, Maybank recently for nice profits
Now...got bullets!

About Adventa, I actually averaged down at 3.7x and sold at 3.9x for trading profits. I guess now is the time to return for the actual long term holding.

anyone here shop for more Haio?

bonus issues, share split, and a potential of 10% divvy to be announced soon.

Camel bank TP is 2.10.Hopefully can reach 2.00

Something to share..

 eon_cap_falls_on_takeover_news_from_hl_bank.pdf ( 234.92k ) Number of downloads: 9

 glove_makers_fall_in_early_trade.pdf ( 234.79k ) Number of downloads: 23

 osk_research_lowers_eon_cap_tp_to_rm710.pdf ( 235.33k ) Number of downloads: 7

 osk_research_maintains_buy_on_kpj_target_price_rm295.pdf ( 235.14k ) Number of downloads: 24

 osk_research_maintains_buy_on_southern_steel_at_rm239.pdf ( 235.38k ) Number of downloads: 11

 rhb_research_keeps_outperform_on_proton_fv_567.pdf ( 235.14k ) Number of downloads: 7

 stocks_to_watch_hong_leong_bank_eon_cap_proton_telcos_.pdf ( 237.68k ) Number of downloads: 9

Well Topglove didn't made those huge rally similar to other counters, it only inch up bit by bit all these time. Seems like punters didn't like the RM10+ tag. Latexx is among the one with biggest volume in the last rally.


I think PE wise, Supermax looks the best. CIMB picks is Supermax and Adventa (keeps on pointing out it's surgical gloves)
Those TP from CIMB is based on projected future earnings so ah.. read the fine prints.
Not sure about Kossan, didn't research on this one. Management wise, I like Harta's margin. Seems to be ~30% compared to others (20%).

[quote=tgrrr,Jan 22 2010, 10:21 AM]
Roughly made a price comparison on glovvy based on recent rally.

Latexx kena hit the most.

Topglove is not in the list because it is not affected at all!!!

[/quote]
Well Topglove didn't made those huge rally similar to other counters, it only inch up bit by bit all these time. Seems like punters didn't like the RM10+ tag. Latexx is among the one with biggest volume in the last rally.
I think PE wise, Supermax looks the best. CIMB picks is Supermax and Adventa (keeps on pointing out it's surgical gloves)
Those TP from CIMB is based on projected future earnings so ah.. read the fine prints.
Not sure about Kossan, didn't research on this one. Management wise, I like Harta's margin. Seems to be ~30% compared to others (20%).

[/quote]
In term of investment, glove counter with a nice future, but the problem is the share price shooting too much in short term, making it over bought

Yup! Seems like our analysis point out that Supermx still the lowest in valuation.
Adventa... I'm not sure about the earning growth... I think many research paper put very high expectation on it... Its gearing is a bit scary to me...


[quote=tgrrr,Jan 22 2010, 10:21 AM]
Roughly made a price comparison on glovvy based on recent rally.

Latexx kena hit the most.

Topglove is not in the list because it is not affected at all!!!

[/quote]
Well Topglove didn't made those huge rally similar to other counters, it only inch up bit by bit all these time. Seems like punters didn't like the RM10+ tag. Latexx is among the one with biggest volume in the last rally.
I think PE wise, Supermax looks the best. CIMB picks is Supermax and Adventa (keeps on pointing out it's surgical gloves)
Those TP from CIMB is based on projected future earnings so ah.. read the fine prints.
Not sure about Kossan, didn't research on this one. Management wise, I like Harta's margin. Seems to be ~30% compared to others (20%).

[/quote]

Haio is looking attractive, Glove lao sai, Sapcres holding up very well, Unisem ...Kaboooom!!!, Steel lao sai-ing

HaiO didn't drop much ler... I remember 2 weeks ago, when I give buy call, it was at 8.3X.

heh-heh.......its nice to hear confirmation from an expert remisier....

Oo...really? Then wait drop till RM6

Sapcres should be continuingly great...today going to sign contract with India worth millions...
I am still having some, cannot cut-off contact with old lover..

Midf tp for gloves dated 13-Jan-2010

Topglove 12.30
Kossan 8.26
Harta 7.82

The rest is not mentioned.