ck10Rubber price is drop frm highest 800+ to now 650. Still higher compare to last year 300-400 due to Thailand flood. It will recover soon from May and rubber price will resume stable low.
If you confident can steps in now with lowest entry point of the year
ck10Copy and thanks frm Nikicheong sharing: http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Handlers/Document.ashx?i=e55a8e50e82c46bd967dde399a23d0f3
The forecast production for Supermx is even higher than Harta n Kossan. Once they really deliver eps 5sen every qr, Rm 3 still undervalue.
Kossan already hd near 4000mil market cap meanwhile supermx only 1300mil. If Supermx reach 2000mil only rm3 and it is highly achievable.
Just need another few months time.
popo92supermax production expansion is the most exciting among peers
wakarimassupermax has been falling behind peers so long. What exactly is its strong point than others? I hope each big big could honestly comment it.
JunichiroMost glove stocks are down - including Topglove, Kossan, Harta ... The catalyst ie. rising USD agst MYR is no longer there at this moment. The USD index weakening. Latex prices have gone up although it is trending down now.
Probably, the bullish technical setup is no longer there. If u are a long term investor ... the fridge. If you are playing short term, the obvious solution is 'cut loss'. Cutting loss does not mean losing $$ forever. U might as well use the funds to hunt for those stock with bullish technical setup n u can win back yr $$.
I have done this throughout my investing journey. I always cut loss early after seeing the technical setup pattern gone. If u start finding reasons for the decline, u may have to suffer a bigger loss. The market has no reason to give. The obvious answer is a lot of ppl are selling for whatever reasons.
oniongorsupermx had started to invest into new business segment which is contact lens, hopefully can see it can contribute to coming quarter result.
wiki123has launched contact lens business in 4 countries so far - aveo vision hong kong, brazil, singapore and korea.... the most exciting being brazil... maybe mid of year UK and Sept in US... would be interesting to see Japan subsidiary to add their own lines of contact lenses to the distribution channel... https://www.facebook.com/search/pages/?q=aveo%20vision
wiki123actually if you are in cambodia, u can go to this shop to purchase... https://www.facebook.com/sengkongoptic/?hc_ref=PAGES_TIMELINE&fref=nf
joetoshi'm already protect my capital @1.98... waiting for new catalyst to reenter... the price keep dropping... not suitable for dollar cost averaging... everybody have their own strategy... good luck
invest28Hey (speakup) icon8888 did not said cut loss here..
U Tang Tangif drop down 1.90 target , next support target is 1.60 ...god bless super max
gcke@U Tang Tang,agreed fully with you. 2.Presently,this counter IS very bearish.Technical Price Charts-MA,MACd,RSI support this deduction and analysis.Moving Averages (MA) have been trending down for many months and looks likely it will trend lower unless there is some positive news to reverse the drop in price. 3.Also the Moving Average Convergence Divergence(MACD) is below the Signal Line showing more bearishness or lack of buying support. 4.Relative Strength Index(RSI) shows the stock is presently oversold and not likely to reverse at any moment.Big institutional fund from USA is selling down at regular interval.Even the share buybacks by the company at regular intervals cannot cause the price reversal to go up.. 5.Does not expect the coming QR announcement sometimes in 25-27 May 2017 to be positive.Typical of many other rubber gloves counters- Topglove for example which is reporting lower profits vis-a-vis quarterly comparison.
Outcome: More bearishness(downtick in stock price) expected.
Just to share.Hoping investors can enjoy some reasonable or decent capital gains/returns.