They memang dont dare touch TG one. That's why TG always got case. Last time TG how many PATI? Few thousands...

Already paid for Tan Sri of course will use to fullest...

Hartalega very hard to get blood bath. Big boss 51%... Then you got the bumi tengkala (not sure if they are still in it, they used to be 20% during ipo), EPF, Hartalega customer, and other funds.

This post has been edited by andrekua2: Dec 1 2020, 09:36 PM

LoL

Just because of few who play high risk high return? I don't play but I also don't jelly.

I think Aspion purchase isn't so bad now. Probably become one of the best purchase ever since those kicik miao glove makers also become billions.

What I can say is that Aspion is not bad. They were among the very first few who tried to copy Hartalega design. One of my client who did the whole mechanical design claim their speed can rival Hartalega (of course I listen half heartily since I also got dealings with client involved with Hartalega). However judging from the size of their gears, yeah, their speed should be somewhat close (less than 10k difference per hour).

TQ...

Anyway valuation is very subjective. Just like how I missed PPHB because I was concerned about the hotels they bought 2 years earlier would impact their earnings. Well, shoot up almost 80% from where I added it to my surveillance. Could be my first 100% profit.

One thing I never get is tech valuation. I simply dont understand what is so tech about some of the LED makings. Crazy ass valuation. I still remember a few years ago when Vitrox was RM2. My bro's BIL was a stock analyst at a local institution. He wrote about it and EPS number isnt impressive (its not like its impressive now). My bro added that his BIL gets some gadget whenever they (Vitrox) invited analyst to come and cover the company. That made me skeptical about buying because why would you do that if you are as impressive as you said. Well, Vitrox is RM15 now and I still dont see why its worth that much.

This post has been edited by andrekua2: Dec 2 2020, 08:28 AM

Dont think glove counters really need to see their QR.

1. Lousy dividend
2. Post covid coming soon, probably within a year for most

What IB want to know is how they would fare post covid with more competition, excess capacity, what would be the ASP be like...

Are you sure you need to change gloves for everyone? Its a vaccine, not virus. They are changing gloves once they came out of a covid19 patient room, but I dont think you need to do the same for vaccine. Why I think so? They are not changing gloves when taking swabs.

Not really. Vaccine is to let body develop antibodies to fight the virus. You will still caught the virus and the difference is just less severe symptoms since you had the antibodies to fight back. Much like pox vaccine.

If you drive to other states, you can still get a jab...

Glove is not easy to read nowadays. For once, pre covid19, there's surplus capacity. Every major glove makers utilisation are roughly around 60-70%. Now some new players are coming and probably gonna add another 20-30b pieces per annum once they are completed in 2-3 years time. Meanwhile Supermax also bought some land and hope to expand yet again. Hartalega planning NGC 1.5 (or was it 2.0?) across the current NGC. Personally I feel scary for smaller makers once covid is over since those big one already had billions in war chest to bring price war to a new low.

Aiks, you're also into steel already. Yesterday was looking at Pantech and Engtex but didn't commit. Queue Pantech at 38.5 and Engtex around 55. Look again today already sail away. The reason I look because I saw LeonFuat already sail from 36 to 52 while the rest is lagging. However, I dont know what to feel about it. Its nice to see steel counters rebounding into black (annjoo still red though) but I don't think steel industry will celebrate this year end. Steel price did go up a little bit lately but the demand since cmco 2.0 hasn't been good from what I heard.

Not really. I don't think they will recoup everything. Some of the numbers posted like those on AT isn't really good. I mean if you're doing less than 30k/hour/line, you're in big trouble. Hartalega doing 45k/hour/line on those plant 5 and 6 in Ijok. Sepang line they were trying to achieve 55k/hour/line (these are some of the rumours I heard about when I had supplied the gears in plant 1 and 2 in Sepang. Not sure if they achieved it or not since there were some reliability issues back then).

Quantity matters in production which is why Hartalega has crazy return on equity back then.

Stock market always look forward. So what if glove makers will enjoy good QR for the rest of 2021? First stingy with dividends. So why should I accumulate when BAT, HEIM are paying much more for the same money. You're banking on it to rise because of EPS but as you said it yourself, not sustainable after vaccine.

Well, one of the reason to avoid is most of them are too stingy.

Wow...200% also don't sell... Like my cousin

Buy supermax CW... Dare devil, don't even know how to calculate but got chicken luck... 20k in 3 days but don't want to sell. Don't know aim for moon or jupiter. Last 2 drop until flat baru takut and sell.

I wonder how steel counters will react tomorrow.

TG do pay cash.. I believe only supermax doing this amongst big glove makers.

Tan Sri will not share his beloved shares with you

If SBB is a good indicator, then insas would have given me more shares in the last 5 years.