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Dear all, with all the gloves company making money. What' s your thought about this shooting up?
Is natural rubber price rising ?
BBBulll ( Date: 28-May-2020 10:44) Posted:
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Another rubber company! Price was 0.90 in 2015. Should be able to easily cross that and follow in steps of riverstone, top glove, Medtecs
This counter is a joke.
Each time someone deals 1000 shares costing less than $500, the share price crash.
Today Vol 1000 shares crash share price 4.8%.....................
3.44%
onionknight ( Date: 06-Apr-2018 14:49) Posted:
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only 2 cts, yield not even 2%..
Starship ( Date: 06-Apr-2018 14:25) Posted:
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Wow, paying Div for the first time in 4 year. Must be doing very well.
1c annual div + 1c special div.
XD 28 Apr.
1c annual div + 1c special div.
XD 28 Apr.
Anyone still waiting for a offer?
Price is slowly going up.
Hope they give out good dividends.
Hope they give out good dividends.
this is a clear play to rubber, and they are now the largest in the world post the various M& A exercise. only other peer out there globally that can be a match is Sri Trang which hasn' t even managed to turnaround. unlike Noble which is mostly a trader, this derives bulk of earnings from processing and distribution.
given that rubber is a necessity commodity (largest sector that uses it is automotive for tire makers then glove manufacturers), do not think prices will stay indefinitely under breakeven threshold.
given that rubber is a necessity commodity (largest sector that uses it is automotive for tire makers then glove manufacturers), do not think prices will stay indefinitely under breakeven threshold.
ysh2006 ( Date: 29-Nov-2017 09:04) Posted:
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They are scared like Noble commodities play mah...
n3wbie ( Date: 28-Nov-2017 18:19) Posted:
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interestingly, few takeaways:
1) two consecutive quarters of profit achieved, so clear turnaround play (despite rubber prices remaining at multi-year low levels)
2) potential upside from spike in rubber prices (ongoing discussions about protests in Thailand from the farmers) essentially production is now below breakeven levels so demand/supply will adjust to equilibrium
3) divestment of SIAT will net 192.6m euros for the group (to improve gearing ratio)
4) continues to grow inorganically with recent M& A annc
5) world' s largest rubber player that is fully integrated with upstream (plantation), mid-stream (processing) and downstream (distribution) channels presently deriving most of the profits from mid-down streams
6) backed by SOE, Sino-Chem that can drive operational (network and access to China' s market) and financial synergies (cheaper refinancing)
quite curious why no brokers cover a billion dollar company like them.
1) two consecutive quarters of profit achieved, so clear turnaround play (despite rubber prices remaining at multi-year low levels)
2) potential upside from spike in rubber prices (ongoing discussions about protests in Thailand from the farmers) essentially production is now below breakeven levels so demand/supply will adjust to equilibrium
3) divestment of SIAT will net 192.6m euros for the group (to improve gearing ratio)
4) continues to grow inorganically with recent M& A annc
5) world' s largest rubber player that is fully integrated with upstream (plantation), mid-stream (processing) and downstream (distribution) channels presently deriving most of the profits from mid-down streams
6) backed by SOE, Sino-Chem that can drive operational (network and access to China' s market) and financial synergies (cheaper refinancing)
quite curious why no brokers cover a billion dollar company like them.
Record profit for 2 quarters, seems like the salted fish has flip. But no interest from the market.
Price continue to climb. Hopefully this momentum keeps on going
The price is slowly creeping up ...
Qanghoo ( Date: 25-Dec-2016 17:41) Posted:
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Since my last post two mths ago, I' ve noticed that rubber px has been creeping up. In tandam, this Halcyon has also been creeping up steadily.
ysh2006 ( Date: 25-Dec-2016 14:23) Posted:
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Sold a subsidary coy profit and adj Nav 66c...huat loh...
Qanghoo ( Date: 23-Oct-2016 10:18) Posted:
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Rubber px still very wk, although recovered quite a lot from last yr' s lows. But I recall reading recently that some rubber producing country (think it' s Vietnam) being concerned that planters were giving up on rubber n that' s this cld result in a future shortage. So, this may be good for long term, but immediate future might not be so rosy. I' m not vested.
AndyLoss ( Date: 23-Oct-2016 10:10) Posted:
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why the stock is down if takeover is successful ?
GMG will be in the history