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Last Price Today's Change   Day's Range   Trading Volume
0.94   +0.085 (9.94%)  0.855 - 0.95  29,267,300
11,447 comment(s). Last comment by Lee Richard at Dec 4, 2020 5:25 PM
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charlie1
5 posts

Posted by charlie1 > Aug 25, 2020 12:52 PM | Report Abuse

Today all gloves down in am session...Karex also casualty. But good time to buy if you believe there's a potential for upside later in the week & months ahead.


bigprice
516 posts

Posted by bigprice > Aug 25, 2020 1:23 PM | Report Abuse

Buy. Current price good to accumulate


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 1:43 PM | Report Abuse

Have to console ourselves


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 1:49 PM | Report Abuse

Half day of goreng may go up this afternoon


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 1:58 PM | Report Abuse

Ha ha


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 2:05 PM | Report Abuse

I feel so sad today.


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 2:09 PM | Report Abuse

John1102, what other counter can buy ?


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 2:10 PM | Report Abuse

Market sentiment not good


David Coperfield
873 posts

Posted by David Coperfield > Aug 25, 2020 2:20 PM | Report Abuse

i always use KAREX, I LOVE karex & karex can change my life & to enjoy my life....


WallstreetBets
7 posts

Posted by WallstreetBets > Aug 25, 2020 2:29 PM | Report Abuse

@peng72 come buy today confirm limit up ady


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 2:37 PM | Report Abuse

Karex is too late to go into glovw manufacturing


damansaraeagle
703 posts

Posted by damansaraeagle > Aug 25, 2020 2:48 PM | Report Abuse

June 8 ,Maintain HOLD, TP: RM0.59. We maintain our HOLD call with unchanged TP of RM0.59. To recap we changed our valuations on all rubber companies under our coverage in our Rubber Sector report (19 May); Karex’s PB multiple was raised to 1.2x (-1SD below 5-year mean) from 0.75x with the promising outlook in rubber products segments. Thus, our TP increase to RM0.59 (from RM0.36) and upgraded our call to HOLD (from Sell). Our TP is a function of 1.2x FY21 BVPS of 49.2 sen (- 1SD below 5-year mean).


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 3:15 PM | Report Abuse

Better hold cash first. Waiting another Target appear.


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 3:17 PM | Report Abuse

I think KAREX need consolidate first before another uptrend.


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 3:27 PM | Report Abuse

Those chase high this morning all die kao kao.


fishballsoup
28 posts

Posted by fishballsoup > Aug 25, 2020 3:28 PM | Report Abuse

Wah 0.97... didn’t expect a downturn at all


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 3:29 PM | Report Abuse

I can said KAREX management pick wrong time to announce the news. Good news become Bad news.


investisthekey
603 posts

Posted by investisthekey > Aug 25, 2020 3:35 PM | Report Abuse

Ya. Wrong timing to announce. Don't think they will follow the wave.. Is near to game over. 12 months to start. Many new glove maker is ready to produce by end of this year.


Enilec Mak
20 posts

Posted by Enilec Mak > Aug 25, 2020 3:36 PM | Report Abuse

Yup. Good news become no news.....Sentiment has changed....it's pharma gals now....


investisthekey
603 posts

Posted by investisthekey > Aug 25, 2020 3:37 PM | Report Abuse

Even AT make announcement to produce by Nov also cannot move this counter only ready in 12 month. Susah sikit


fishballsoup
28 posts

Posted by fishballsoup > Aug 25, 2020 3:43 PM | Report Abuse

anyone else still holding?


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 3:43 PM | Report Abuse

Everyone, If KAREX hit your cut loss pts please exit. Don't dream it will rebound. Big player already selling now. Better hold cash first.


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 3:44 PM | Report Abuse

KAREX totally no support at all. Big player keep selling.


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 3:52 PM | Report Abuse

Tomorrow will be cheaper


azta12
5447 posts

Posted by azta12 > Aug 25, 2020 4:01 PM | Report Abuse

start collect


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 4:17 PM | Report Abuse

When u sell it will go up


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 4:18 PM | Report Abuse

Now is the time to buy and not sell


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 4:23 PM | Report Abuse

After the price surge, AmInvest Research lowers glove sector to neutral

KUALA LUMPUR: AmInvestment Research is downgrading its call on the glove sector to neutral from overweight as at the current share price levels, the valuations for glove companies under its coverage – Top Glove, Kossan and Hartalega -- have fully priced in the companies’ earnings outlook.

“We think that the average selling prices (ASP) will begin to taper off in 1Q2021 after the expected increase in ASP until end-2020, which have been priced in. Share prices of all of the glove companies in our coverage have exceeded their target prices, ” it said in a research note on Tuesday.

Top Glove is currently trading at CY21F PE of 43.3 times, which is two standard deviations higher than its three-year average forward price-to-earnings (PE) of 28.9 times.

Kossan Rubber’s CY21F PE of 26.0 times is almost one standard deviation higher than its three-year average forward PE of 23.7 times.

Hartalega is presently trading at a CY21F PE of 40.9 times, which is slightly higher than its 3-year average PE of 39.5 times.

“An increase in industry capacity would exert downward pressure on selling prices. The big glove producers (Top Glove, Kossan, Hartalega, Supermax and Sri Trang) have plans to increase capacity by 21% in 2020E, 23% in 2021F and 27% in 2022F.

“We believe that higher supply of gloves from the expanded capacity will more than offset the increase in demand. Moreover, we think that recent strides in vaccines formation will affect the ASP of gloves as the urgency of glove orders would be lessen. We are not making any changes to our earnings forecasts as we have already assumed that a Covid-19 vaccine would be available by 2H2021, ” it said.

AmInvest Research said the glove companies’ capacity expansion plans will add 126 billion pieces (54%) of capacity in 2 years by end-2022.

“Although this bodes well in terms of ability to cater to higher volume of orders for the next one to 1.5 years, we think that a short-term supply glut will come back into play in 2022F, ” it said.

“On a positive note, we expect sales volume to continue growing in 2021F as we anticipate a structural change in the way gloves are used. There will be a new normal where glove usage per capita will increase as hygiene measures become stricter. The glove consumption per capita in emerging markets such as India and China is low at around tow to six gloves as opposed to circa 100–280 gloves for developed countries, ” it said.

AmInvest Research said it took this opportunity to downgrade our call on Top Glove and Kossan to Hold while it maintained its Hold call on Hartalega.

“We now have a Hold call on Top Glove with unchanged FV of RM25.70. Our valuation is based on 33x CY21F EPS. We assume ASP of US$35 in FY21F and US$25 in FY22F.

“We reiterate our Hold call on Hartalega with unchanged FV of RM18.74. Our valuation is based on 45x CY21F EPS. We assume ASP of US$30 in FY22F and US$27 in FY23F, ” it said.


azta12
5447 posts

Posted by azta12 > Aug 25, 2020 4:25 PM | Report Abuse

nice accumulate and hold


WenlinC
121 posts

Posted by WenlinC > Aug 25, 2020 4:26 PM | Report Abuse

Maybe AmInvest report cause the panic selling in glove stock.


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 4:27 PM | Report Abuse

Habis lah


nich0las
2688 posts

Posted by nich0las > Aug 25, 2020 4:28 PM | Report Abuse

Wah leh, ham+chan liao. Run.. Market Crash!


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 4:28 PM | Report Abuse

No brakes


startrader
275 posts

Posted by startrader > Aug 25, 2020 4:31 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/08/25/karex-to-set-up-medical-glove-factory-in-hatyai


magus
381 posts

Posted by magus > Aug 25, 2020 4:33 PM | Report Abuse

Aminvest always not choon in their TP and predictions, just check their previous TPs for many counters and you can see a trend. They always very gloomy even tho the sun is shining brightly.


azta12
5447 posts

Posted by azta12 > Aug 25, 2020 4:33 PM | Report Abuse

add


Enilec Mak
20 posts

Posted by Enilec Mak > Aug 25, 2020 4:36 PM | Report Abuse

Luckily I sold all , I thot it was not a good sell price. avg 1.045 considering yesterday's closing was 1.09


Enilec Mak
20 posts

Posted by Enilec Mak > Aug 25, 2020 4:36 PM | Report Abuse

Now at 90 sen, m glad I did


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 4:59 PM | Report Abuse

AmInvest news came out in Star earlier today. Only last hour prices plunged.


Stockisnotfun
2264 posts

Posted by Stockisnotfun > Aug 25, 2020 5:00 PM | Report Abuse

haha please support condom. We need condom to survive


WallstreetBets
7 posts

Posted by WallstreetBets > Aug 25, 2020 5:03 PM | Report Abuse

@Stockisnotfun wait bar and clubs to fully reopen


InvestForFuture
1 post

Posted by InvestForFuture > Aug 25, 2020 5:12 PM | Report Abuse

https://www.malaymail.com/news/life/2020/08/25/top-us-health-official-apologises-for-touting-false-plasma-data/1896908

Tomorrow rebound


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 5:29 PM | Report Abuse

Hope not second Pang72


neverloss
26 posts

Posted by neverloss > Aug 25, 2020 5:44 PM | Report Abuse

back to a week before ya


neverloss
26 posts

Posted by neverloss > Aug 25, 2020 5:48 PM | Report Abuse

it will not drop till 28 sen....hopefully tomorrow will continue down till 70 sen, then can all in


neverloss
26 posts

Posted by neverloss > Aug 25, 2020 5:50 PM | Report Abuse

tmr max limit down 30% is 90.5 x 30% = 27......mean 63 sen only consider limit down


tkk228
48 posts

Posted by tkk228 > Aug 25, 2020 7:03 PM | Report Abuse

See u guy tmr 1.2


Opulent
119 posts

Posted by Opulent > Aug 25, 2020 7:27 PM | Report Abuse

1.2?


JP1952
252 posts

Posted by JP1952 > Aug 25, 2020 8:55 PM | Report Abuse

Last night many said that it would be limited up to 1.39. Now they say another thing, what kind of investor? If you look at the counter, you must have the confidence on it, do just influence by market sentimental.


Popcornlover
1 post

Posted by Popcornlover > Aug 25, 2020 9:38 PM | Report Abuse

I like to see the show here.. look like someone silently missing

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