Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Mon, 14 Jun 2021, 11:10 PM


Why Glove Stock prices are dropping? Koon Yew Yin

Author:   |    Publish date:

This is one of the most if not the most important lesson for all investors.

Recently I have posted a few articles about the oversupply of medical gloves. As a result, the average selling price of gloves is dropping and glove makers cannot make more and more profit. Unfortunately, many people did not believe me. In fact, a few senseless critics in the i3investors forum often said that when KYY ask you to sell, they must buy.

All the existing glove makers have added many new production lines in each of their factories and also constructed new factories. Moreover, many companies who are traditionally not in the glove business also constructed new factories to make gloves. As a result, the supply exceeds demand.  

Profit growth prospect

Among all the stock selection criteria such as NTA, dividend yield, cashflow, EPS, PE ratio, debt or healthy accounts etc, profit growth prospect is the most powerful catalyst to move stock price.

When a company reports increased profit, its stock price should go up. When a company reports reduced profit, its stock price should drop.

For example, Supermax just reported EPS 38.83 sen for the quarter ending March 2021. Its previous EPS was 41.14 sen for the quarter ending December 2020 which was better. That simply means, Supermax has reported reduced profit. That is why its share price has been dropping in the last few days as shown on the price chart below.

All the other glove makers are also facing the same situation as shown on their price charts below.       

Supermax price chart below


Top Glove price chart below


Kossan price chart below


Hartalega price chart below

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Related Stocks

Chart Stock Name Last Change Volume 
SUPERMX 3.72 0.00 (0.00%)
TOPGLOV 4.77 0.00 (0.00%)
KOSSAN 3.60 0.00 (0.00%)
HARTA 8.43 0.00 (0.00%)

  MFMTeam likes this.
Foker Fool You Yin doesn't know what he is even talking about.
06/05/2021 11:16 AM
Foker Let the old man retire in peace. Let's just ignore him
06/05/2021 11:17 AM
Foker Only listen to Coldeye, who understands investing much more than Fool You Yin
06/05/2021 11:18 AM
moi87 But his steel stocks are dropping too. Lol. Whole Bursa is bleeding. Do you think people need steel when our economy is in dire straits? Construction players are not expecting any projects for awhile. Government do not have money. Even if glove supply increase, demand will be picking up with more emerging countries increasing their per capita consumption.
06/05/2021 11:19 AM
foongkitmun Hehehehehe....manyak cupat ini uncle copy paste to prepare this useful article la.....salute salute!!!!Sometimes I am just wondering how to make a cow to bow it’s head down unless they wanna drink water
06/05/2021 11:24 AM
zhendehenre This article... feels like someone telling me my mother is a woman....
06/05/2021 11:40 AM
SJSOON The organic growth of gloves business remain intact. Your argument sounds like you invest based on hype.
06/05/2021 11:47 AM
chamlo Only gloves drop? How abt CI?
06/05/2021 11:50 AM
MFMTeam at current price, under 5.10, 9.48% yields is not that bad assuming TOPGLOVE not going bankrupt in the next 12 months..
06/05/2021 1:14 PM
Maxpowar Old man when are you going to die?
06/05/2021 1:39 PM
amateurJR Lose money dun blame uncle. Every decisions are made by ourselves
06/05/2021 1:42 PM
abang_misai Koon, apa macam MNRB? Aku sudah lama sangkut sebab ko promote manyak kuat bulan lepas
06/05/2021 1:46 PM
speakup so KYY u very happy ppl lose money in gloves izzit?
06/05/2021 2:48 PM
AdCool All the big 4 gloves reported big profits and growth since June 2020 and yet the share price corrected since October 2020. That was freaking 7 months ago. How to explain that then?
06/05/2021 3:05 PM
shpg22 This is exactly like face mask, oversupply is imminent. Selling price from RM100+ per box to now RM3. Expect average gloves price to dive below pre-covid price soon as market is flooded with the products.
06/05/2021 4:35 PM
cheeseburger if Mah Sing also jump into this glove sector, you can imagine how many ah kau ah beng will also join the fun, oversupply will happen. There is only so much of gloves can be used in a day, you can produce many gloves overnight but you cant construct a hospital or product a healthcare personal overnight.
06/05/2021 5:10 PM
cheeseburger the old man will come out said have i told you this and that when the wind is right, but how is the stock of KPS where he also strongly promote?
06/05/2021 5:12 PM
arv18 Thank you, O wise one, Sir Chimpanzee Fool You Yin, for gracing us with another worthless article on gloves.

You are the King Monyet!

06/05/2021 5:38 PM
will75 Uncle, go sleep please!
06/05/2021 5:52 PM
amithaba nevermind the asp. the asp is adjusting lower but still high compare to pre covid. see the pat in billion rm is very attracting. in klse, less than 10 companies can achieve billion pat. glove companies still enjoying high asp for the next few quarters......uncle kyy, move in to get some glove share before the price higher....p/s: do not play margin anymore la.
06/05/2021 5:56 PM
Zuliana Keep quiet la this YKK.
Cakap kosong saja.
06/05/2021 7:06 PM
Supermax2020 Last sermon... wait another one and another and another.... lalalalala
06/05/2021 8:25 PM
afif95 why uncle still talk about glove?
comela uncle, talk about airasia,genting holiday holiday!!!
06/05/2021 8:27 PM
ahbah To protect ourselves against the curse of kyy, just divert some fund from glove

stocks to steel / timber / wood / furniture stocks. Then, we are safe n sound from

anything kyy wants to say ! Please stay safe n hapi.
06/05/2021 9:31 PM
ahbah No fight against the price trend. Make the price trend our loving fren !
06/05/2021 9:35 PM
LaoTzeAhSir why last year profit continuously grow now up up leh? Con you win.
06/05/2021 9:50 PM
ahbah U can buy whatever stocks U want ! After all it is your hard earn moni.
06/05/2021 10:02 PM
ahbah I hope U make moni !
06/05/2021 10:03 PM
enumaelish Old man thought u r into TA now?
06/05/2021 11:51 PM
Sales Before pandemic, profit is less than 100 million still can give dividend and bonuses. What about few hundred million???
07/05/2021 7:28 AM
skyz conman oh conman~
07/05/2021 9:00 AM
skyz Release more article la! everytime the price will go opposite direction from your call. Faster condemn gloves summore, the more you condemn the better
07/05/2021 9:23 AM
Bamboo Green This writer becomes like old news reporter
07/05/2021 11:22 AM
bigfu 6/5/2021 short selling trades current 10 days
Total Net Short Position .
Topglove 249,570,092 shares 3.05%
Hartalega 50,292,243 shares 1.47%
Supermax 47,268,758 shares 1.74%
Kossan 30,785,337 shares 1.21%
07/05/2021 1:20 PM
khyeap Market is forward looking, towards 6 months or more from now. Market already expected the glove supply will increase n glove price will moderate and hence share price mostly adjusted. Therefor, if based on PASSED financial results, the PE now is damn low. But if based on future profit, share price already adjusted downwards. Whether adjusted enough, it's everybody's guess.
07/05/2021 8:48 PM
Mabel Uncle,

Today all Mabel's Fantastic Four are nice and green...

07/05/2021 11:04 PM
arv18 Now you know why he is called Sir Chimpanzee Fool You Yin.

Mabel Uncle,

Today all Mabel's Fantastic Four are nice and green...

07/05/2021 11:04 PM
08/05/2021 12:16 AM
enumaelish Still waiting old man to write about 'how to keep promoting a stock he dumped 3 weeks' ago?'
08/05/2021 12:47 AM
arv18 @enumaelish - hahaha. true true.

Latest Careplus results.

Stock ---- Ann.Date -- Qtr --- NP ('000) --- EPS ---- DPS
CAREPLS -- 07-May --- 31-Mar - 123,543 ---- 22.90 --- 2.00

I'm sure Fool You Yin will be keen to comment on Careplus achieving a net profit of RM123,543,000.
08/05/2021 5:14 AM
Timercheng Correction over for gloves, will resume its up trend soon.
08/05/2021 8:15 AM
spyking Very less ikan bilis holding gloves now. Is time to fly. Uncle will catch it when only price is high!
08/05/2021 8:41 AM
chtan33 next article, why i'm buying gloves again....
10/05/2021 12:57 AM
DreamHunter ha ha ha
10/05/2021 12:59 AM
DreamHunter of course
10/05/2021 12:59 AM
DreamHunter he getting tired of promoting recovery stocks already leh
10/05/2021 1:00 AM
oasischeah Waiting for right time to buy TopGlov. Quite unstable now as prices are low but no strong volume buying is seen. Maybe after MCO be better.
05/06/2021 12:24 PM

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