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Author: Kukuman   |   Latest post: Sat, 15 Aug 2020, 5:22 PM

 

Supermax shareholders should not worry - Koon Yew Yin (You can give comment here)

Author: Kukuman   |  Publish date: Sat, 15 Aug 2020, 5:22 PM


Supermax shareholders should not worry - Koon Yew Yin

Author:    |    Publish date: 

 



A few senseless commentators in i3investors were laughing at my buying so many Supermax shares recently. This has prompted me to write this piece.  

As shown by the price chart below, the price plunged from Rm 24.30 on 11 Aug to Rm 17.92 on 14 Aug, a drop of Rm 6.38 in 4 trading days. It has plunged   26.3% in 4 trading days. This unprecedented crash shocked all investors. 

As a result, many people called me to express their concern. Mr Ooi Teik Bee ranged me last night to seek my opinion. We are also wondering why all the glove stocks should be dropping so rapidly in tandem in the last few days. In most cases, one stock might drop but the other might go up instead. It looks like all the Investment Banks ganged up to push the glove share prices down so that they can continue to collect at cheaper prices.

 

Covid 19 pandemic is affecting everybody and all the listed companies with the exception of glove stocks and other medical products for the prevention of the virus. There are 1,100 listed companies in Malaysia. All the listed shares with the exception of glove and medical products have been dropping continuously due to the pandemic. Until the pandemic is under control, the demand for gloves will continue to exceeds supply and all the glove makers can easily increase their selling prices to make more and more profit.

All the Investment Banks have to cut loss to sell all their holdings to buy glove stocks.

My advice:

As I said many a time, any stock cannot go up or come down continuously for whatever reason. After sometime it will change its trend. In this case, the price correction is too severe to frighten all the sensitive investors. Investors must realise that Supermax has shot up more than 1,000 % in the last few months. So, this price correction should be considered that the company has no more profit growth.  

Supermax just announced that the company made a record quarterly profit in the history of the company. It will continue to make more and more profit as long as the pandemic is not under control.

All investors must look at the future of the company. It will give shareholder 1 bonus share for every 1 share held by shareholders and after the bonus issue, it will give shareholder 1 bonus share for every 45 shares held by shareholders.

I am sure this article will alleviate investors’ worry.

 

  sharkdododo likes this.
 
Kukuman Sir, i thought you asked people to sell Supermx some time back. Why the sudden change of heart?
15/08/2020 5:23 PM
sharkdododo THe recent increase in their profit show that they will be able to achieve higher the next quarter. rm 30 not a problem. eps 30 cents. assume 4 quarters of 30 cents. 25 pe also give them minimum rm 30 bucks man. ignore the noises on new production. you think new production within 6 months can commission (run) meh. Vaccine? Vaccine use bare hands to develop meh. think about that man.
15/08/2020 5:29 PM
jolow take profit loh.
if not profit also hangus. Kosong saja
Dont be so greedy.
15/08/2020 5:31 PM
abang_misai Let's be sensible.

Fund managers accumulated huge chucks of glove stocks from March-July. When fund managers have kept lots of stocks, they will need good results to unload because that will be the only times many victims will rush in to buy.

Many said December is the best month to unload because record breaking results will be released. At that time, there will lots of competitors in the market. Vaccines could already be produced. .

When you have made enough, it's time to let go.
15/08/2020 5:36 PM
mf India akan hasilkan vaksin secara besar-besaran - Modi
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NEW DELHI: India bersedia menghasilkan vaksin COVID-19 secara besar-besaran sebaik saja mendapat kelulusan saintis, kata Perdana Menteri, Narendra Modi.
15/08/2020 5:37 PM
antidebt before fund manager unload in dec, i think i will unload early then them.
Once fund manager unload, it will triple limit down.
15/08/2020 5:38 PM
abang_misai @mf, lu apahal? Mau bikin takut sama pelabur(kaki judi saham) kah? hehe.

mf India akan hasilkan vaksin secara besar-besaran - Modi
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NEW DELHI: India bersedia menghasilkan vaksin COVID-19 secara besar-besaran sebaik saja mendapat kelulusan saintis, kata Perdana Menteri, Narendra Modi.
15/08/2020 5:39 PM
abang_misai it will be four-ple (4 times tumbling down).


antidebt before fund manager unload in dec, i think i will unload early then them.
Once fund manager unload, it will triple limit down.
15/08/2020 5:39 PM
gemfinder I think kyt stucked again. Vacine news is coming out everyday. By oct nov too late to run.
15/08/2020 5:42 PM
Kukuman Everyday people load, unload and reload. It is a game played by everyone. There are hundreds if not thousand deep funded establishment playing the game. But there are a few rogue fund managers trying to corner the markets. Sometime they can but all the time! Those have unloaded will reloaded again for sure. It is a circle played all year long !

Posted by abang_misai > Aug 15, 2020 5:36 PM | Report Abuse
Fund managers accumulated huge chucks of glove stocks from March-July. When fund managers have kept lots of stocks, they will need good results to unload because that will be the only times many victims will rush in to buy.
15/08/2020 5:50 PM
amsterdam The title should be supermax shareholder should be worry and unload fast.
15/08/2020 5:54 PM
abang_misai When Koon is bullish and says no worries, you are old enough to know what to do next.
15/08/2020 6:21 PM
BATFLY Imagine EPS of 30 and 4 qtrs equal 120..PE at 20 TP should be RM24.00 conservatively if earning is the same..
15/08/2020 6:22 PM
abang_misai Do you know what is meant by oversupply that is imminent? Those who are glove manufacturers are doing expansion. Those who do not know glove also do this venturing. Those products which will soon experience oversupply will only be assigned to a PE of 5 max
15/08/2020 6:27 PM
3mchildren Tqvm Mr Koon for always sharing ur views.
Pls clarify. U called a buy call on top hlove n offload supermax awhile ago
15/08/2020 6:51 PM
3mchildren Top glove
15/08/2020 6:51 PM
Kukuman PE 5? No way! It will be PE 1. Thank you for the enlightenment. You are genius!

Posted by abang_misai > Aug 15, 2020 6:27 PM | Report Abuse
... Those products which will soon experience oversupply will only be assigned to a PE of 5 max
15/08/2020 6:56 PM
zhen wei & JP https://ibb.co/hgmtcTy

Few glove factory has started to expand thier production output.

May expect Fierce competition September onwards.
15/08/2020 7:10 PM
zhen wei & JP Due to major expansion by glove factory lead time may be reduced.
Approx 25days after payment made. This may stabilise cost price.

zhenwei.
15/08/2020 7:42 PM
UncleHuat61 Welcome back
15/08/2020 8:14 PM
Targeted .
Lead time more than 12 months, thats how one measures demand in glove industry - lead time!
15/08/2020 8:44 PM
Targeted .
Those who understand glove industry will be happily loading up like TG bosses.............hehehehehe
15/08/2020 8:46 PM
mf MOSCOW: Russia has produced the first batch of its new vaccine for COVID-19, the Interfax news agency quoted the health ministry as saying on Saturday (Aug 15) hours after the ministry reported the start of manufacturing.
15/08/2020 8:51 PM
gemfinder When kyy said no wories, means is time to sell. Last time he oso said dayang no wories in d end wat hapen
15/08/2020 8:52 PM
pang72 You all still don't scare of so high value gloves?
15/08/2020 8:55 PM
abang_misai At the end margin call ler.....

Posted by gemfinder > Aug 15, 2020 8:52 PM | Report Abuse

When kyy said no wories, means is time to sell. Last time he oso said dayang no wories in d end wat hapen
15/08/2020 8:58 PM
abang_misai Aggressive factory expansions, emergence of new competitors, vaccine found means front liners/those deemed risky group will be vaccines first means less contagion to take place. It simply means RACE TO THE BOTTOMS. Siapa cepat angkat kaki, dia lah terselamat
15/08/2020 9:03 PM
CharlesT Many r still sitting on few hundred percent paper gain...

U dont cut win others will.

Run Forest Run
15/08/2020 9:04 PM
abang_misai If you don’t run, you simply let others to run. Time is up. It’s now the commencement of game of Racing to the Bottom.
15/08/2020 9:06 PM
CharlesT When i saw sifu suddenly revised his TP fm rm24 to rm50 n started to post in I3 then i only can think of one thing...

Run Forest Run....
15/08/2020 9:08 PM
abang_misai Run forest run. Race to the bottom. F1 to the drain.
15/08/2020 9:10 PM
rchi Run forest run.Charles you made my day.Hahaha.
16/08/2020 7:23 PM
Mabel I'm holding..

I want to do something to the world community.

I came into Gloves as early as January after Theresa Kok pledged donating 18 million gloves to China to help them fight the Coronavirus.

Along the way I have been trading these Fantastic Four. Bought few batches during last week retracement since the price was too delicious to ignore..

Bottom line, my Gloves and Health Care P&L is still looking good. In fact it's the best performing sectors from the 15 sectors I have invested.

So no issues to hold until next year. I'm doing it not because KYY said so. I'm doing it because I want to be part of this development to fight Convid 19..

Along the way, if I can make money, which I believed I will, why not?

Stay Invested..

Meow
16/08/2020 7:32 PM
zhen wei & JP Dwindled.
17/08/2020 10:31 PM
gemfinder Kyy is most woried
17/08/2020 10:33 PM

Nitrile glove price increases so rapidly in UK - Koon Yew Yin (Please give comments here)

Author: Kukuman   |  Publish date: Sun, 26 Jul 2020, 10:30 PM


As I always say a picture is worth a thousand words. The 2 pictures show that the price of 100 Nitrile gloves shot up from 14.99 pounds to 18.99 pounds, 13% increase in 17 days in UK.

The price increase is pure profit because it does not involve production cost. Based on this rapid price increase, all the glove makers should be making more and more profit continuously until Covid 19 pandemic is under control. That is why all the glove makers share prices are going up higher and higher.

It is still not too late to buy glove stocks. 

When can a vaccine be used?

Currently Vaccine is being tested on a few volunteers. Later it must be tested on several hundred of coronavirus sick patients. Then it must be tested on ordinary people who are not sick. Many scientists predicted that it will take at least another year before a vaccine is finally approved by FDA.

 

Currently there are 16.236 million Covid 19 cases and 649,156 deaths. These 2 figures are still rising as shown by the above charts. As a result, the demand for gloves will continue to exceed supply and glove prices will continue to go up higher and higher.

 

Based on this new information, all glove shares should go up higher and higher. I hope this article will help investors to make good decision to make more money. The best strategy is to buy and wait patiently until Covid 19 pandemic is under control.

  Be the first to like this.
 
gemfinder Same old story. Asp
26/07/2020 11:19 PM
supersaiyan3 Well, Moderna vaccine stage III tested on 30,000 persons, one of the China vaccine is tested on 20,000 person. That's not "a few" for sure.

For your information, vaccines already being mass produced. Once a vaccine is being approved, then vaccines can be distributed immediately.

I am not saying glove is not good, however providing accurate information is of utmost importance.

Bear in mind there are more than 160 coronavirus vaccines being develop, even Indonesia got their own vaccine development program. And quite a few of them are showing satisfactory result. +it is heavily subsidies by governments around the world.

I am not saying glove is not good, but invest in a portfolio according to your ability is the right path to financial freedom. Haven't you notice quite a few of the SAILANG people have disappear from the forum? And quite a few of the blogger/sifu have disappear/change name?

Nobody knows the future, just in case the wind turn against you, you can still keep your underwear.

Not everyone can go drive grab and live a second chance.
26/07/2020 11:30 PM
stockraider Beside Vaccine they are also Drugs that is developed by many to treat the symptom of covid19 mah....!!

A good drug...may also kill covid19....making people not afraid of the pendemic loh...!!
27/07/2020 12:02 AM
gohkimhock The same product can be sold by numerous sellers quoting wide range of prices in e-commerce. Try it in Shopee or Lazada.
27/07/2020 12:49 AM

Top Glove’s best market is USA - Koon Yew Yin (please give comments here)

Author: Kukuman   |  Publish date: Fri, 24 Jul 2020, 11:11 PM


US has a total of 4.04 million Covid 19 cases and 145,000 deaths. The 2 charts below show the total cases and the daily new cases in the US. The US has the most Covid 19 cases in the world. It has about 25% of the total cases in the world, although its population is only about 4% of the world population. In the last few days, it has more than 60,000 new cases every day. 

The main reason why US is creating medical history is because President Trump did not even believe in wearing face masks about 2 weeks ago. If he had made wearing face mask mandatory earlier, he could have thousands of lives.

Under such condition, the requirement of medical gloves is unprecedented in the US. As the number of new cases is still spiking in US and in many other countries around the world, the demand for gloves will continue to exceeds supply. All the glove makers can easily increase their selling prices. Investors should know that the additional selling price is pure profit because it does not involve production cost.

I foresee Top Glove will create history in the Malaysian stock market by announcing the biggest jump in quarterly profit for a listed company.

According to WHO report 1 in 5 Covid 19 cases needs hospital care. Based on this percentage of 1 in 5, US will need more than 800,000 hospital beds. Moreover, since coronavirus is contagious or can spread easily, patients have to be carefully isolated. Just for comparison, my neighbour Dr Mano who is a surgeon in Ipoh Specialist Hospital told me that ISH has only 400 beds and they do not accept Covid 19 cases to prevent the spread of the virus to many other patients. That means US requires 800,000 divided by 400 = 2,000 Hospitals similar to Ipoh Specialist Hospital. Very hard for me to imagine!!!  

Fortunately, Americans are increasingly adopting the use of cloth face masks to slow the spread of COVID-19, and the latest science may convince even more to do so. In an editorial published recently in the Journal of the American Medical Association (JAMA), CDC reviewed the latest science and affirms that cloth face coverings are a critical tool in the fight against COVID-19 that could reduce the spread of the disease, particularly when used universally within communities. There is increasing evidence that cloth face coverings help Fortunately, Americans are increasingly adopting the use of cloth face masks to slow the spread of COVID-19, and the latest science may convince even more to do so. In an editorial published recently in the Journal of the American Medical Association (JAMA), CDC reviewed the latest science and affirms that cloth face coverings are a critical tool in the fight against COVID-19 that could reduce the spread of the disease, particularly when used universally within communities. There is increasing evidence that cloth face coverings help the spread of the virus.  The diagram below is worth a thousand words.

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