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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Wed, 13 Jan 2021, 10:14 PM

 

Agong declares emergency should increase the demand for gloves - Koon Yew Yin

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The Yang di-Pertuan Agong, Sultan Abdullah Sultan Ahmad Shah, has declared a state of emergency to curb the spread of Covid-19. In a statement, the Palace said the King had met with Prime Minister Muhyiddin Yassin at 5.30pm yesterday.

It said Sultan Abdullah has consented for the emergency to last until Aug 1 or an earlier date if Covid-19 cases are reduced and stabilised. The Palace said this had been discussed and approved by the other Malay rulers.

All investors should know that the Agong’s declaration of emergency will increase the demand for more gloves. They should not rush to sell their glove stocks without thinking rationally. 

Currently the number of Covid 19 cases is also surging in UK and many European countries and all these countries are lockdown to prevent the spread of the virus. 

Currently Malaysia has a total of 138,224 Covid 19 cases and 555 deaths. 

Currently USA has the most Covid 19 cases in the world. It has a total of 23.14 million Covid 19 cases and 355,245 deaths.

 

Due to Covid 19 pandemic the demand for gloves far exceeds supply. As a result, all the glove makers can easily increase their selling price to make more and more profit which are being reflected on the share prices. That is why each of the glove stocks has shot up a few hundred percent since the beginning of the pandemic about 1 year ago.

 

KLSE Malaysian stock market

This morning the share prices of all the glove stocks were going up steadily. But as soon as the Agong made the announcement, all the glove stocks started to drop. It looks like many investors do not know what pushes up share price.

Among all the criteria such as NTA, cash flow, debt dividend yield etc profit growth prospect is the most powerful catalyst to push the share up. Supermax has shot up about 800% in the last 1 year. It has gone up the most among all the glove stocks because it has the best profit growth rate.

Its 1st quarter ending Sept EPS 30.58 sen. Its previous quarter EPS was only 15.18 sen. It made 100% more than its previous quarter. Its 2nd quarter ending Dec should be another new record profit which will be announced in a few days times.   

 

 

 

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Labels: SUPERMX

Related Stocks

Chart Stock Name Last Change Volume 
SUPERMX 6.70 +0.06 (0.90%) 24,291,200 

  Be the first to like this.
 
ming If uncle able prof today he still buying.. mayb more powerful
12/01/2021 9:44 PM
gemfinder Realy many waterfish stil velieve kyy
12/01/2021 11:25 PM
Mini Bull @gemfinder, we all waterfish because we knew that gloves companies sure get profit for next few quarters, can others companies perform it ?
12/01/2021 11:29 PM
gemfinder Tomorow u wil lose all ur dog teeth
12/01/2021 11:30 PM
Totalpackage Not againnnn. Fool fooling the fools.... Fools fall for the fool. Again n again n again.
13/01/2021 1:07 AM
ming The only problem for glove is.. everyone know the result is good.. lol
13/01/2021 1:40 AM
qqq33333333 let's be clear about one thing. Kyy may be wrong about the reasons, the factors and Agong but don't count out a glove rally. wrong about the reasons, right about a rally. So what is more important?
13/01/2021 2:18 AM
qqq33333333 what more important? being right about why or making money?
13/01/2021 2:20 AM
qqq33333333 wrong can make money just as right can lose u money....
13/01/2021 2:21 AM
qqq33333333 making money is about money power. not about reasons.... and I am not talking about kyy money..... there are million times more money out there
13/01/2021 2:28 AM
DrLimKH KKY....let me consult my grandson first about yr joke of the day.
13/01/2021 2:59 AM
alphajack Ok la my old friend KYY, this article limpeh agree with you a bit. kikikiki huat arrrrrrr
13/01/2021 9:25 AM
laychee Still unable to get the logic here.
13/01/2021 11:20 AM
Sslee Haha,
The being ringht is Agong declares emergency should increase the demand for karex.
13/01/2021 12:30 PM
mamatede with MCO people travel less, less case moving forward. I dont see any spiked in gloves demand except if people tend to stock up. Regardless, vaccine is real and gloves counter will have to adjust with a more fair PE. thats fact.
13/01/2021 12:53 PM
Winner88 Link glove demand to darurat a bit far-fetched
13/01/2021 1:17 PM
Snowpiercer Big joke.....emergency to glove demand..... quite a con..
13/01/2021 1:40 PM
Mini Bull Heard MCO already kecut, how karex can benefit?
13/01/2021 1:41 PM
mamatede https://www.theedgemarkets.com/article/glove-bear-jp-morgan-tells-clients-gloves-aint-needed-during-vaccinations
13/01/2021 2:03 PM
kens88 I hold top glove. But I really don't see any connection between gloves and the non-military takeover Emergency
13/01/2021 3:23 PM
vcinvestor @kens88 there isn't. its just a salty old man
13/01/2021 3:25 PM
i3gambler Just ignore him.
13/01/2021 4:11 PM
Pinky hahahahahahahaha

Why? Darurat so many people sit at home so buy gloves to beat aeroplane?
13/01/2021 5:23 PM
supermaxdarren darurat might increase the rubber usage jeh....glove really don't really make sense..
13/01/2021 5:25 PM
duitKWSPkita Mr. KYY

























放下屠刀。。。




























Hope anyone can translate to Mr. KYY. Over supply and some fall to. Negative margin
13/01/2021 5:53 PM
williamtkb Actually the gloves supply and price a bit hard to justify. Vaccinate needs gloves or not are depends on hospital or Government SOP. No right or wrong
13/01/2021 5:59 PM
williamtkb Uncle KYY should request Bursa to on hold RSS during the State of Emergency and MCO. Then JP Morgan force to buy back gloves immediately as they don't want huge funds get stuck until end of State of Emergency
13/01/2021 6:02 PM
Addy President-elect Joe Biden gets first dose of Covid-19 vaccine
https://www.youtube.com/watch?v=VHCQ3cM02DQ
13/01/2021 6:28 PM
GLNT JP Morgan said no need gloves.
13/01/2021 6:29 PM
amateurJR Haha uncle needs wearing gloves to masturbate. Wakakaka
13/01/2021 6:30 PM
Addy Indonesian president Jokowi receives Covid-19 jab, starting vaccination
https://www.youtube.com/watch?v=ZMVAcPMCMGc
13/01/2021 6:32 PM
Addy Singapore PM Lee Hsien Loong receives first dose of Pfizer-BioNTech vaccine
https://www.youtube.com/watch?v=XSb7WB8SStw
13/01/2021 6:33 PM
Addy Israeli PM Benjamin Netanyahu Receives Pfizer Vaccine
https://www.youtube.com/watch?v=QUmaw2kERdg
13/01/2021 6:34 PM
Addy Kamala Harris receives Covid-19 vaccine: 'That was easy'
https://www.youtube.com/watch?v=X4itlOyqHyI
13/01/2021 6:37 PM
Addy President-elect Biden receives his second dose of coronavirus vaccine
https://www.youtube.com/watch?v=IU_dV6VOn1k
13/01/2021 6:42 PM
onionchong Agong declare emergency = increase glove demand
Agong give speech = increase glove demand
Agong climb staircase = increase glove demand
Agong pangsai = increase glove demand

- kyy
13/01/2021 6:45 PM
CharlesT Kyy confirmed got dementia...judging fm his look n his posts
13/01/2021 7:15 PM
Lance ...when kky promote anything, is a signal to just sell everything and RUN.
13/01/2021 7:45 PM
Michael Dreamun Mr.Senile turns to Mr.Desperate.
13/01/2021 7:50 PM
GillianTan78 This latest CNBC news may instead increase demand for gloves:

https://www.cnbc.com/2021/01/13/ohio-researchers-say-theyve-identified-two-new-covid-strains-likely-originating-in-the-us.html

New variant different from UK and South Africa just found in the US
14/01/2021 6:25 AM
arv18 @Haha uncle needs wearing gloves to masturbate. Wakakaka

HAHAHAHAHA
14/01/2021 6:42 AM
Andre Kua Well, I'm still working uncle... emergency meh? Policital emergency only.

If really emergency, buy foods...
14/01/2021 8:36 AM
ministerofgains status quo la what increase demand
14/01/2021 9:29 AM
vampire555 KYY, when it will back to RM10? after pandemic?
14/01/2021 9:52 AM
cu29ok i always wondering... out of my 10 friends, 10 of them wearing masks. But out of 10, none of them wearing gloves.
14/01/2021 9:53 AM
CharlesT gloves are mainly for export lah..maybe more than 90%...

dont compare mask with glove

MCO in Msia has nothing to do with the demand in glove
14/01/2021 10:07 AM
amateurJR High demand for using gloves in massage centres. All those china girls need to wear gloves to handjob.
14/01/2021 11:00 AM
kelvin61 This analogy of more gloves being used during an emergency is really dumb. It only reflects the writer's distorted view to shore up the glove counters share prices. It won't work because this old geezer has no business sense.
14/01/2021 12:22 PM
qqq33333333 gloves for hand jobs no business.
14/01/2021 3:21 PM
qqq33333333 have to wait. One day higher..........
14/01/2021 4:17 PM


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