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 STOCK MARKET DISCUSSION V150

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ZeroSOFInfinity
post Oct 15 2020, 08:38 AM

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QUOTE(B@rt @ Oct 15 2020, 08:26 AM)
Lets go GLoves!!! 

FYI ex-date for TG dividend is 19.10.2020
ex-date for Rubberex bonus split 2:1 is 19.10.2020
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The 2 rallying factors for gloves today and (maybe tomorrow)?
ZeroSOFInfinity
post Oct 15 2020, 09:06 AM

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Rubberex is relentless at start....
ZeroSOFInfinity
post Oct 15 2020, 09:16 AM

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QUOTE(Deathscythe@@ @ Oct 15 2020, 09:11 AM)
RT lagging. Hmmm.. Long time didnt feel it ady
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A very good or bad sign, depending on the circumstances. But looks more of the former brows.gif
ZeroSOFInfinity
post Oct 15 2020, 09:26 AM

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Currently on BFM, analyst from CIMB on gloves. Encouraging news. brows.gif
ZeroSOFInfinity
post Oct 15 2020, 09:34 AM

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Taking of profit? That was fast.
ZeroSOFInfinity
post Oct 15 2020, 09:45 AM

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OK what just spooked the whole entire markets this morning?
ZeroSOFInfinity
post Oct 15 2020, 09:58 AM

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QUOTE(silverwave @ Oct 15 2020, 09:56 AM)
Doesn't look like profit taking to me, looks like something more
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Indeed. Other region markets also in red.......
ZeroSOFInfinity
post Oct 15 2020, 10:50 AM

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It's recovering though....
ZeroSOFInfinity
post Oct 15 2020, 11:41 AM

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QUOTE(Jitty @ Oct 15 2020, 11:39 AM)
my sad story.

i bought when it is at 0.4X cents.

then it drop to 0.27, i top up.

then it drop to 0.15 i top up again.

now 0.04  bangwall.gif  bangwall.gif  bangwall.gif  bangwall.gif
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A cautionary tale of "burning your money for nothing".
ZeroSOFInfinity
post Oct 15 2020, 02:39 PM

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Up up up glove glove glove.
ZeroSOFInfinity
post Oct 15 2020, 02:42 PM

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QUOTE(AVFAN @ Oct 15 2020, 02:40 PM)
there we go - harta gone green. :thumbsup:
*
Almost all back in green. Only TG and Super still in red.... but not for long.
ZeroSOFInfinity
post Oct 15 2020, 02:45 PM

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Erm, that was a fast recovery for KLSE..... banks also up.....
ZeroSOFInfinity
post Oct 15 2020, 02:56 PM

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QUOTE(AVFAN @ Oct 15 2020, 02:47 PM)
whatever glove u hv, dun sell now... 4pm magic show. laugh.gif
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Really then. Up up up.
ZeroSOFInfinity
post Oct 15 2020, 04:15 PM

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QUOTE(silverwave @ Oct 15 2020, 04:06 PM)
4pm show didn't start yet biggrin.gif
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Kossan Rubber icon_idea.gif
ZeroSOFInfinity
post Oct 16 2020, 06:16 AM

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QUOTE(HereToLearn @ Oct 16 2020, 12:14 AM)
They said
1. glove production plant will be set up within 6 -9 months. By the time they set it up, ASP should have started normalizing (ASP normalization should begin in 2021Q1-Q2 as of today's data).
2. their cost would be around 25-27 USD. Spot price NOW is above 100USD. After ASP normalization, should be able to stay slightly higher than pre-covid price. You see lo, if the business is profitable or not? However, do note that before pandemic outbreak, there was pressure on the gloves ASP due to massive supply (the gloves were already on expansion mode before covid). Hence if, the supply somehow outstrips demand in the future (might happen with more aggressive expansion and new players joining the gloves market), then say bye.gif  bye.gif to MahSing lo
https://www.thestar.com.my/business/busines...ted-to-continue
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Basically they are going in so late, that once they are ready to produce, they would be so far behind.... this would end in tears....
ZeroSOFInfinity
post Oct 16 2020, 09:14 AM

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So far glove is in green.....
ZeroSOFInfinity
post Oct 16 2020, 09:41 AM

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Erm, Supermax is gaining, but other gloves dropping?
ZeroSOFInfinity
post Oct 16 2020, 09:48 AM

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QUOTE(AVFAN @ Oct 16 2020, 09:45 AM)
retailers are back!?
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WFH. Too free. cool2.gif
ZeroSOFInfinity
post Oct 16 2020, 11:37 AM

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QUOTE(Jitty @ Oct 16 2020, 11:02 AM)
Hi all sifus here, previously few year back, my friend told me there is a saying that

"Friday usually will be RED LAO SAI day"

Is this statement still true ?
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See current market situation and say it's true or not? whistling.gif
ZeroSOFInfinity
post Oct 16 2020, 12:29 PM

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Wowwowwow.... what happened to Kossan? Suddenly retreated to red when others in green?

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