Malaysian Rubber Gloves Stocks

Top Glove and Hartalega scale new heights as investors continue to show love for rubber glove stocks

KUALA LUMPUR (July 29): Top Glove Corp Bhd and Hartalega Holdings Bhd have yet again scaled new heights as investor continued to show love for rubber glove stocks.
Shares in Top Glove went up by as much as 1.44% this morning to a high of RM26.78 per share — a new record high.
Despite tapering lower, as of 10.03am its shares were still up by 0.76% or 20 sen at RM26.60 per share.
As it stood, Top Glove had a market capitalisation of RM71.87 billion, making it the second-largest stock in terms of market value on the FBM KLCI.
Malayan Banking Bhd (Maybank) was still the largest stock at RM88.13 billion.
Volume-wise, Top Glove saw 3.63 million shares transacted.
As for Hartalega, the counter reached a high of RM20.10 this morning, going up by 1.01% in the process.
However. as at the time of writing, Hartalega shares had pared gains, still up by 0.8% or 16 sen at RM20.06 per share, giving it a market capitalisation of RM68.76 billion, making it the third-largest stock in terms of market capitalisation on the local benchmark index.
Hartalega saw a trading volume of 3.93 million shares.
Investor euphoria for rubber glove stocks, driven mainly by the Covid-19 pandemic, continued unabated. Increasing demand for rubber gloves and higher average selling prices (ASPs) contributed to further investor demand for such counters on the premise of higher earnings.
The second wave of Covid-19 infections and lack of a vaccine were also spurring demand for such counters.

Prices for the 7 glove manufacturers on July 7

Feng Shui prediction for KLSE in 2014

KUALA LUMPUR (Jan 9): Lilian Too, a famous practising feng shui master and former banker, sees real estate and construction as the two most bullish sectors for the Lunar Year of the Horse.

She also predicts that O&G, property, water, shipping and banking sectors will do well in the new lunar year, which starts on Jan 31 (Chinese New Year).

But the worst performing sectors under her feng shui reading are wood-based sectors, including timber and plantations.

These predictions of Lilian Too, one of the most influential bankers in the 1980s when she served the Hong Leong Group in Malaysia and Hong Kong, were made at CIMB’s Corporation Day yesterday.

In a note today, CIMB Research said there are many similarities between Too’s predictions. It highlighted that Too is very bullish about the stock market.

“The biggest surprise from the conference is that feng shui guru Lilian Too shares many of our views on the market and sectors.

“Her reading for 2014 is that the stock market will enjoy a bullish run and peak in the summer, while sectors that will do well coincide with our ETP (Economic Transformation Programme) sector picks.

“In addition to O&G, construction and property, the water, shipping and banking sectors will also do well. The worst performing sectors are timber and plantations,” the note said.

CIMB Research noted that its KLCI target of 2030 points in 2014 is one of the highest, if not, the highest among securities analysts.

While CIMB is bullish on construction and real estate, as well as oil and gas sectors, it is neutral on the plantation sector.

“The only sectors where the views diverge are perhaps timber, which is wood-based… We believe that timber companies will benefit from higher log production and rising plywood prices,” said CIMB.

CIMB said it also likes selective smaller cap stocks due to their attractive valuations.

The research house advises investors to stick with the ETP beneficiaries this year as they will continue to gain from positive newsflow during the year.

“Our top-3 picks are SapuraKencana for oil & gas, Gamuda for construction and Mah Sing for property. Our preferred picks for the smaller caps are Karex, Signature International and Tune Insurance. We also recommend three "wild cards" that are worth considering – Barakah, Engtex and Matrix Concepts.”

At the Corporate Day yesterday, around 300 investors turned up for the event, according to CIMB.

Apart from Too, CIMB had six other guest speakers touching on Malaysia's sovereign rating, Petronas, the property and plantation sectors, and implementation of the goods and services tax (GST) in April 2015.

Yesterday, Moody's Christian de Guzman warned that Malaysia must not defer the implementation of GST or risk a negative rating action.

Source: The Edge

KLSE Companies with best EPS

What is EPS?

The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.

Earnings per share is generally considered to be the single most important variable in determining a share's price. It is also a major component used to calculate the price-to-earnings valuation ratio.

EPS


The following are the Top 20 KLSE stocks with the best EPS for 2012:

Stock Code	Stock Name	Total Earning Per Share (cents)
6653	KASSETS	531.16
2828	CIHLDG	463.84
4162	BAT	279.30
4707	NESTLE	215.50
3026	DLADY	192.83
2089	UTDPLT	164.43
5089	KLCCP	156.74
1899	BKAWAN	145.29
1163	ALLIANZ	132.54
2445	KLK	113.74
5105	CANONE	112.03
1082	HLFG	111.30
1295	PBBANK	110.48
3719	PANAMY	109.00
3182	GENTING	107.83
7099	SMPC	106.82
5819	HLBANK	104.45
5069	BLDPLNT	102.63
4596	SAPRES	101.28
5053	OSK	97.70

Source: MalaysiaStock.biz