Post Reply
10181-10200 of 10564
Monday riverstone fly
Rest of Gloves also fly
Rest of Gloves also fly
stlimst ( Date: 23-May-2020 17:32) Posted:
|
CIMB up forecast of Riverstone to $2.50!
| https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13543-riverstone-100-profit-jump-forecast-by-cimb |
Holding One year time frame on to gloves business is the best now.
The returns In 6-12 months time may be enormous
Good luck to those vested
The returns In 6-12 months time may be enormous
Good luck to those vested
furnaces ( Date: 21-May-2020 19:46) Posted:
|
TOP glove also coming down abit
Riverstone also red
Only green is singapore and Thai listed Sri Trang
Sri Trang is trading up
Thailand price is now $1
Singapore 87 cent
Riverstone also red
Only green is singapore and Thai listed Sri Trang
Sri Trang is trading up
Thailand price is now $1
Singapore 87 cent
Tks bro.... will monitor a bit first 
christopherchan ( Date: 22-May-2020 14:37) Posted:
|
A bit too late, looks like Riverstone already at Wave 5 (ELLIOTT Wave), unless this wave 5 got extension then you can take a risk.. I exiting soon yesterday took some profit already.. Best is enter a stock when it's at Wave 2ot wave 3.. Wave 5 very dangerous (DYODD)
satruz ( Date: 22-May-2020 13:50) Posted:
|
I think quite stabilised now.... looking to jeep some.... any advice, bros? :)
Overall market bad sentiment, STI down, so this share also kanna sell down.
Supermax is kind of crazy. RM1.38 beginning of the year. Now RM5.85, more than 400% increase.
Sunrahelios ( Date: 22-May-2020 10:45) Posted:
|
if only supermax was listed in sgx
Msia glovemakers now chiong again after morning profit taking due to lower than expected result from Kossan. Supermax up another 5.56%, Top Glove up 2.5%.
Today lao hong again
Glove maker Kossan makes record profit, revenue in 1Q
KUALA LUMPUR (May 21): Glove maker Kossan Rubber Industries Bhd posted a 10.35% rise in quarterly net profit to a record high of RM64.8 million for the first three months of its financial year 2020, as it sold more gloves.
The group's quarterly revenue was also at its highest of RM611.47 million for the quarter ended March 31, 2020 (1QFY20), up 8.9% from RM561.47 million a year ago, when it made a net profit of RM58.72 million.
The stronger quarterly profit pushed earnings per share (EPS) up to 5.07 sen, from 4.59 sen. The group proposed a second interim dividend of three sen per share, payable on June 19.
Its main glove business saw revenue rise 10.31% year-on-year (y-o-y) to RM548.25 million from RM495.99 million, while profit before tax (PBT) grew 13.49% to RM77.13 million from RM67.96 million from a year ago, as it sold 7.4% more gloves.
As for its technical rubber product (TRP) division, which supplies technical rubber to the automotive industry and contributes less than 10% of the group's total revenue, the top line fell to RM38.39 million from RM46.68 million, while PBT halved to RM3.46 million from RM6.81 million, mainly due to lower sales deliveries and sales of lower-margin products.
"Cleanroom", another small division where the group supplies products to the semiconductor industry, recorded a 43.36% revenue increase to RM24.53 million from RM17.11 million a year ago, which tripled PBT to RM1.84 million from RM580,000.
"Cleanroom" refers to an environment with a controlled level of contamination of dust, microbes and aerosol particles, to prevent damage to a product during manufacturing.
On its prospects, Kossan said the ongoing Covid-19 pandemic had caused demand for gloves to increase with a supply shortage in the market, which had driven selling prices higher.
Coupled with the group?s continued improvements in operating efficiency, its management is confident that FY20 will be a strong growth year, it said.
Kossan?s share price jumped 93 sen or 12.08% to RM8.63 today, giving it a market capitalisation of RM11.04 billion. It saw some 13.21 million shares traded.
Year to date, the stock has more than doubled from RM4.16 on Dec 31, 2019.
https://www.theedgemarkets.com/article/glovemaker-kossan-makes-record-profit-revenue-1q
KUALA LUMPUR (May 21): Glove maker Kossan Rubber Industries Bhd posted a 10.35% rise in quarterly net profit to a record high of RM64.8 million for the first three months of its financial year 2020, as it sold more gloves.
The group's quarterly revenue was also at its highest of RM611.47 million for the quarter ended March 31, 2020 (1QFY20), up 8.9% from RM561.47 million a year ago, when it made a net profit of RM58.72 million.
The stronger quarterly profit pushed earnings per share (EPS) up to 5.07 sen, from 4.59 sen. The group proposed a second interim dividend of three sen per share, payable on June 19.
Its main glove business saw revenue rise 10.31% year-on-year (y-o-y) to RM548.25 million from RM495.99 million, while profit before tax (PBT) grew 13.49% to RM77.13 million from RM67.96 million from a year ago, as it sold 7.4% more gloves.
As for its technical rubber product (TRP) division, which supplies technical rubber to the automotive industry and contributes less than 10% of the group's total revenue, the top line fell to RM38.39 million from RM46.68 million, while PBT halved to RM3.46 million from RM6.81 million, mainly due to lower sales deliveries and sales of lower-margin products.
"Cleanroom", another small division where the group supplies products to the semiconductor industry, recorded a 43.36% revenue increase to RM24.53 million from RM17.11 million a year ago, which tripled PBT to RM1.84 million from RM580,000.
"Cleanroom" refers to an environment with a controlled level of contamination of dust, microbes and aerosol particles, to prevent damage to a product during manufacturing.
On its prospects, Kossan said the ongoing Covid-19 pandemic had caused demand for gloves to increase with a supply shortage in the market, which had driven selling prices higher.
Coupled with the group?s continued improvements in operating efficiency, its management is confident that FY20 will be a strong growth year, it said.
Kossan?s share price jumped 93 sen or 12.08% to RM8.63 today, giving it a market capitalisation of RM11.04 billion. It saw some 13.21 million shares traded.
Year to date, the stock has more than doubled from RM4.16 on Dec 31, 2019.
https://www.theedgemarkets.com/article/glovemaker-kossan-makes-record-profit-revenue-1q
wave c tgt 164
- px hit 169
30min chart ew
w5 tgt 199 up 100% of w1 delta 11
- px hit 194 now
- px hit 169
30min chart ew
w5 tgt 199 up 100% of w1 delta 11
- px hit 194 now
SgYuan ( Date: 18-May-2020 08:41) Posted:
|
Buy on dips and hold it for at least the next few quarters. If you think 55% increase in net profit for Jan-Mar is outstanding, then the next few quarters will wow you. Average selling price only started to increase significantly from April onwards. Coupled with massive price drop in butadiene (a key raw material), Q2 result will likely be through the roof.
from the closing, looks like it is going to gap up tomorrow.
Very outstanding performance today.
Seems hard to hit 2 today. holding on
1.94.... will it hit 2 today???
chart looks uptrend
Sgvale ( Date: 21-May-2020 15:13) Posted:
|