Blog: Official complaint to SC and Bursa to reject JAKS RI

Jul 21, 2020 1:31 PM | Report Abuse

Thank you SSlee for taking this action which will serve as alert or reminder to ALP not to misuse or abuse the funds raised from RI. As a shareholder, I am dissapointed that ALP put in the proposal to increase the RI to raise funds for the following

(Based on max scenario)

a) Future business projects or investments - RM 80 million
b) Preliminary expenses-venture new construction projects Vietnam - RM 25 million
c) Working capital - RM 19 million

Jaks mgt leads by ALP needs to be more specific on this rather than asking shareholders to give him blank cheque. You may ask them to be more specific. If it is used to buy the remaining 10% equity interest in the power plant to 40% then is ok. Right now they should focus on power plant rather than venture into new projects again before settling their mess in Star Project. Till now they still yet to settle problems in the Star Project, and still has court case ongoing. Why asking money again to venture into new projects since the existing project still in mess...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 11:18 PM | Report Abuse

KYY is just ikan bilis lah. Today Supermax value transacted is RM 1.5 billion. If KYY will lost heavily in Jaks investment with only about RM 600m market capitalisation, how much impact does KYY has on Supermax and other glove stocks?

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 10:59 PM | Report Abuse

https://www.cnbc.com/2020/07/19/we-need-to-close-down-florida-reports-more-than-10000-coronavirus-cases-for-fifth-day.html


How to expect glove stocks to drop as share price is correlated with Covid...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 10:59 PM | Report Abuse

https://www.cnbc.com/2020/07/19/we-need-to-close-down-florida-reports-more-than-10000-coronavirus-cases-for-fifth-day.html

How to expect glove stocks to glove as share price is correlated with Covid...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 10:45 PM | Report Abuse

Supermax potential to be included in MSCI. More foreign funds will buy Superman...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 10:43 PM | Report Abuse

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%B9%B4%E5%86%85%E6%9C%80%E9%AB%98%E9%A3%991000-%E6%89%8B%E5%A5%97%E8%82%A1%E6%B6%A8%E8%B5%A2%E7%89%B9%E6%96%AF%E6%8B%89

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 9:26 PM | Report Abuse

No worry lah, KYY is ikan bilis, like usm in Supermax and TG....

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 20, 2020 9:25 PM | Report Abuse

Kyy is old already, where got so simple assumption in share investing by looking at % increase. He ignores the business model of Supermax vs Comfort and Top Glove....

Blog: Official complaint on JAKS AGM minutes reporting.

Jul 20, 2020 1:07 PM | Report Abuse

Good job. Thank you Sslee

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 19, 2020 11:45 AM | Report Abuse

https://www.enanyang.my/%E5%85%A8%E7%90%83%E5%A4%A7%E6%8A%97%E7%96%AB/%E4%BC%8A%E6%9C%97%E6%80%BB%E7%BB%9F2500%E4%B8%87%E4%BC%8A%E6%9C%97%E4%BA%BA%E6%9F%93%E5%86%A0%E7%97%85

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 19, 2020 11:30 AM | Report Abuse

How to control covid 19? Even AIDS till not still no vaccine. All news of stage 1 vaccine promising results just use to goreng related medical health care ting kosong stocks only...


https://www.theedgemarkets.com/article/masks-made-mandatory-australias-secondbiggest-metropolis

https://www.chinapress.com.my/20200719/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e5%85%a8%e7%90%83%e9%a6%96%e6%ac%a1%ef%bc%81100%e5%b0%8f%e6%97%b6%e5%86%85%e5%a2%9e100%e4%b8%87%e7%a1%ae%e8%af%8a-%e7%be%8e%e5%9b%bd/

https://www.chinapress.com.my/20200719/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e6%96%b0%e7%96%86%e9%a6%99%e6%b8%af%e7%8e%b0%e7%97%85%e4%be%8b-%e5%bc%a0%e6%96%87%e5%ae%8f%ef%bc%9a%e4%bf%9d%e8%af%813%e5%91%a8/

https://www.chinapress.com.my/20200719/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e8%a5%bf%e7%8f%ad%e7%89%99%e7%96%ab%e6%83%85%e5%8d%87%e6%b8%a9-%e5%b7%b4%e5%a1%9e%e7%bd%97%e9%82%a3400%e4%b8%87%e4%ba%ba%e7%a6%81/

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 16, 2020 11:46 PM | Report Abuse

tomo cheap sales is the opportunity for people who sold to buy back... if there is ready a cheap sale.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 15, 2020 8:54 PM | Report Abuse

Freetospeak sifu is very smart. Thank you for still with us, sharing good views...

Stock: [COMFORT]: COMFORT GLOVES BHD

Jul 11, 2020 8:20 PM | Report Abuse

Uncle also ikan bilis lah in glove stocks as mkt cap even comfort is very big. Only Ikan bilis kena margin calls. Uncle kena many times already.

Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Jul 10, 2020 1:21 PM | Report Abuse

Thank you for sharing. This mean price not increase as much as expected. OEM is just a manufacturer, price increase not benefiting kossan a lot, just like Comfort.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 10, 2020 1:11 PM | Report Abuse

In term of share price, Top Glove highest, then Harta, followed by Super than Kossan. Just nice, in term of price is number 3. Stanley will not want to lose to Kossan... bonus issue may not be on the cards for Supermax unless others do first....

Stock: [KOSSAN]: KOSSAN RUBBER INDUSTRIES BHD

Jul 10, 2020 12:56 PM | Report Abuse

any news from AGM? Kossan is OEM like comfort, it does not have much pricing power unlike Supermax. Should consider to switch to supermax as kossan increase in share price not so justify. Worry after quarterly result announced later, price will fall a lot... Just be careful.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 10, 2020 9:19 AM | Report Abuse

new high again for supermax and kossan. I hope kossan n harta will not up so much otherwise some naysayers and The Star paper will say bubble. Kossan and Harta increase no so justify as they are OEM. Supermax OBM will make double what they make in every glove it sells...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jul 5, 2020 1:42 PM | Report Abuse

Now is July. Covid cases remains all time high...

https://www.cnbc.com/2020/07/04/world-health-organization-reports-new-coronavirus-cases-reach-all-time-high.html

Blog: Comfort AGM - Boon Keng

Jul 2, 2020 1:08 PM | Report Abuse

Thanks for AGM note. I think Comfort got less bargaining power than Top Glove and SUpermax. Supermax can sell direct at OBM at about USD 120-150. Comfort only USD 33...

Supermax is far better loh

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 30, 2020 11:20 PM | Report Abuse

https://koonyewyin.com/2020/06/30/comfort-what-the-chairman-said-at-the-agm/

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 30, 2020 12:15 PM | Report Abuse

today The Star substandard report on drop in glove prices probably the writer refer to pirated gloves on website selling fake fda certified gloves based on Freetospeak view...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 29, 2020 10:17 PM | Report Abuse

U.S. stocks rose on Monday even as U.S. coronavirus cases continued to surge. Good news for glove

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 25, 2020 10:54 AM | Report Abuse

correction should be over for now unless US Market crash again.

Stock: [MASTER]: MASTER-PACK GROUP BHD

Jun 23, 2020 11:01 PM | Report Abuse

Interesting writeup from the mgt, refresh again...

“Master-Pack is fortunate that as a player in the packaging industry with a wide range of customers
including the Food and Beverage and Medical Sectors which are essential if not critical for the normal daily lives. For the year 2019 the supply of packaging materials to the Food and Beverage is about 10% of total revenue while the solar industry took up 67%. With the disruption, we may see a shift in the composition for 2020 to the Food & Beverage and Medical Sectors"

Stock: [JAKS]: JAKS RESOURCES BHD

Jun 20, 2020 5:42 PM | Report Abuse

Thank you DK66 for the update.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 20, 2020 2:26 PM | Report Abuse

https://koonyewyin.com/2020/06/20/comfort-my-target-price/

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 19, 2020 10:07 PM | Report Abuse

We should expect medicine like antibiotic for covid 19. Expect to get vaccine is unrealistic. Moderna first claim can have vaccine, never has any product in the market despite establised about 10 years...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 15, 2020 11:08 PM | Report Abuse

Nasdaq index is recovering now only drops 0.22% vs KLCI today dropped 3%.

Tomo Superman will recover strongly.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 11, 2020 10:47 PM | Report Abuse

US stock drop badly for fear of second wave Covid 19. Good news for glove stock

https://www.cnbc.com/2020/06/11/global-stocks-reel-on-gloomy-fed-outlook-and-fears-of-a-second-coronavirus-wave.html

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 11, 2020 10:20 PM | Report Abuse

After today Top Glove results, can we expect IBs to upgrade Supermax target price?

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 10, 2020 8:56 PM | Report Abuse

US Second Wave is Coming

As U.S. states push deeper into reopening, several that were among the first to reopen have reported surges in cases and hospitalizations. Confirmed cases across the U.S. have been on a gradual rise since Memorial Day weekend, when packed beaches and crowded gatherings prompted warnings from officials.

Some officials have pointed to increased testing as the cause for rising case numbers, but hospitalization data isn’t nearly as dependent on testing. Texas has reported two consecutive days of record-breaking Covid-19 hospitalizations and hospitalizations are on the rise in Arizona, too, the state’s biggest health-care system, Banner Health, told CNBC earlier this week.

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 10, 2020 7:49 PM | Report Abuse

IBs do not project 100% increase for q3. i think Top Glove can surprise the market when they announce result tomo

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 10, 2020 7:47 PM | Report Abuse

"However, we believe that 3QFY20 did not capture the full impact of Covid-19 as it only began to hike ASPs aggressively from June 20. Hence, Top Glove should continue to record sequentially stronger results beyond 3QFY20," said CGS-CIMB in a note dated June 9.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 10, 2020 7:39 PM | Report Abuse

For TG, not only price increase, bu also volume increase.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 9, 2020 10:23 PM | Report Abuse

CIMB raised Top Glove TP 25. Order lead time till Jul 2021 and big jump in ASP. Supermax should have better profit growth in term of % vs Top Glove due to its business model?



https://klse.i3investor.com/blogs/gloveharicut/2020-06-09-story-h1508699501-CIMB_raise_TOPGLOV_TP_RM25_after_haircut_it_You_serious_F.jsp

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 7, 2020 1:02 PM | Report Abuse

From CNBC, looked like second wave coming

U.S. cases have been climbing since Memorial Day, but New York City this week reached an optimistic milestone: on Friday, the city, the epicenter of the U.S. outbreak, reported zero coronavirus death for the day. That hasn’t happened since March. NYC is slated to move into its first phase of reopening on Monday.

Still, the virus continues to spread quickly in parts of Latin America and Eastern Europe, according to the World Health Organization. Brazil’s caseload and death rate are particularly stark, even as Reuters reports that President Jair Bolsonaro threatened to pull his country out of the WHO.

Brazil very serious.

https://www.theedgemarkets.com/article/brazil-takes-down-covid19-data-hiding-soaring-death-toll

Stock: [JAKS]: JAKS RESOURCES BHD

Jun 4, 2020 1:42 PM | Report Abuse

Philip gives an excellent view for thoughts: One thing that I always advise young investors is to know the business, and know where the growth and money is coming from. That is the best way to invest. By buying stocks based on yesterday's news, you miss out on tomorrow's future.

It means little to attack people here. Spent time on the above.

Stock: [COMFORT]: COMFORT GLOVES BHD

Jun 4, 2020 1:28 PM | Report Abuse

Not managed to grab some today at 2.80, where are naysayers said big drop yesterday night . But managed to grab some supermax and top glove on weakness.

Stock: [JAKS]: JAKS RESOURCES BHD

Jun 4, 2020 1:25 PM | Report Abuse

Yes. No point attacking OTB here every day. It will not make you rich. I agreed. Try to spend time to research potential growth stocks better than attacking here.

Stock: [COMFORT]: COMFORT GLOVES BHD

Jun 3, 2020 10:14 PM | Report Abuse

A lot of people here looked down on comfort. Comfort share price will follow Top Glove tomorrow. Most glove stocks are correlated....

Stock: [COMFORT]: COMFORT GLOVES BHD

Jun 3, 2020 9:51 PM | Report Abuse

I also want to buy at RM 2.05.

Stock: [COMFORT]: COMFORT GLOVES BHD

Jun 3, 2020 1:35 PM | Report Abuse

Stay out of glove stocks if you use margin or no cash. the risk if getting higher if you contra...

Stock: [COMFORT]: COMFORT GLOVES BHD

Jun 3, 2020 1:33 PM | Report Abuse

Don't sell out of panic, sell when i rebound if you really have to. You will never win in stock market if you panic sale...Last week i sold gloves to buy banks like PBB and ABMB. Today i sold bank some stocks to buy some glove stocks. Oversold and poised for rebound..

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 3, 2020 1:22 PM | Report Abuse

Last week dispose gloves buy banks like PBB, AIMB and CIMB. Today dispose of banks and accumulate gloves.. Hehe

Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Jun 3, 2020 1:12 PM | Report Abuse

I think top glove can make superprofit like Supermax and declare good dividend this quarter...

Stock: [COMFORT]: COMFORT GLOVES BHD

Jun 3, 2020 12:55 PM | Report Abuse

Oversold due to panic selling...Not over yet for glove...

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 3, 2020 12:54 PM | Report Abuse

Obviously today is oversold due to panic selling. Managed to grab some at average price abt RM 6.5 this morning.

Stock: [JAKS]: JAKS RESOURCES BHD

Jun 1, 2020 1:02 PM | Report Abuse

Hi Philip, my humble view is at today price of about 87 sen is a good bargain if you subscribe for 40 sen right with free warrant as power plant is expected COD by Oct 2020, with synchronization expected in June/July 2020. 2018 is warrant right issue. Asking for 40 sen every 2 shares held is not excessive as power plant is big project. MFCB did the right issue also previously.

Retail investors already bought the shares earlier should not sell out of panic at this price of 87 sen but should subscribe for right issue with warrant.

Stock: [COMFORT]: COMFORT GLOVES BHD

May 27, 2020 10:32 PM | Report Abuse

Look like uncle has a lot of shares not sold yet and he is panic now. The Leong Hup Director Lau should not keep selling the company as this is not good sign for the company. He so desperate for money?