'shares buy back' is public information, is meant for minions consumption. experienced players have many proxy, what transpire privately could be a different story.

To restart a idling glove production line doesn't take a lot of effort or time. however, to maintain a glove production line running take a lot of energy. knowing overcapacity in the next few years, it is cheaper to shut it down and could always restart progressively.

i am no expert. andre would be a better person to answer

Sentiment totally flat here huh?

Made a small mid year acquisition. That's probably it unless something on my list goes on sale.

Mind to share which sector?

Bursa has it under Consumer Products & Services.
I already have it in my portfolio and am averaging up (fun!). Not trading here.

but Careplus didnt tutup kedai, did they? These glove companies would still continue to sell gloves, as they believe in the statistics which showed that glove demand has always been on a secular rise over the longer term.

The problem is, in the near term, the ASPs is just so bad & competition from China is worrying. As the experienced ones in the stockmarket here have mentioned, buying glove shares now, is still quite a risky punt.

Perhaps the quarter report from Supermax can reverse the downtrend a bit, as its profit has increased from last quarter.

There is also the angle that using last quarter is inaccurate because of how bad that quarter is.
Just because it is better doesn't necessarily mean there is an upside. It could also mean it has gone from terrible to not so bad.

Competition and ASP don't seem to be letting up.

i will not invest in careplus. historically even before covid they were consistently making loss. supermax report is rather lousy too. without the forex, they are also making loss this quarter. margin is always higher at harta/kossan side

how low will they go? i also dunno. i just pick the best among the worse. but this is my own action and not expecting anyone to follow me.

totally agree. i am also hopeful that they will be doing better in 2024-2025 onwards.

IB always give medical/health sector a higher PE rating compared to other standard industrial products

My little packaging company is brewing so at least there's something going on for me. What's everyone up to?

My view is that if the market thinks that gloves have bottomed, downtrend reverse. Today's gloves did not seem to show this case.

of course it feels nice to grab stocks at the lowest price. Best bargain! But how do we know whether glove has bottomed now? CGS Cimb said "Worst is yet to come". Kenanga said "ASP is yet to bottom". If you think 2024 only recover, why not wait until 2023 only you buy gloves? Then you only wait 1 year for prices to start rising, rather than buy now & potentially wait 2 years.

It's true in the past that IB give med products higher PE. But now, like the super intelligent fairly underrated Boon3 raised the point that in a sunset industry, the best one also tarak guna. I doubt the IBs will give high PE to gloves now. Oversupply issue ma.

I mean, I wish you good luck in your investment, but I was almost in your position last year, thinking how cheap glove stocks are, then the smart ones here saved me from buying more. (which saved me money)

simpan tunai. Dun wan to go fishing on the choppy seas now. Will only buy banks after Oct.

Choppy seas is tough when trading in the broad market.
But if we're looking at our own basket of things, sometimes the timing is right. Like I added my stake into CCK a few days ago. My little chicken company.

Boon3, out of the blue my MASTER started to show some drama. Sudden entertainment.


Info above.

And in other news, this went under the radar amidst all the Najib news.

https://www.theedgemarkets.com/article/cour...d-payment-under

Nice on Master.

Master I didn't expect a lot of substantial shareholder acquisitions to take place. Something is brewing.

Today is the Serba show!

There are more and more stocks that are doing fairly well. Like the saying goes, there's always a bullish stock(s) in a bearish market. Yup, there's decent money to be made out there.

fuh. PPIM really drag their fan base to holland

Serba holders had more than enough time to exit.
When somebody is unable to come up with an exit plan, the market does it for you.