Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Mon, 29 Nov 2021, 9:11 AM


Why investors should not buy glove stocks? Koon Yew Yin

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Investors might be tempted to buy glove stocks in view of the temporary increase demand due to increase usage of gloves during the Covid 19 pandemic. The temporary increase demand is still less than the increase of glove production. All the existing glove manufacturers have increased their production. In fact, Supermax has constructed a new glove factory in Canada. Moreover, many companies which are traditionally not in the glove business have also started to making gloves.   

Never buy any company stock if it continues to report reduced profit. Never buy down trending stocks as shown by the price charts below.

Supermax price chart


Top Glove price chart


Hartelaga price chart


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Related Stocks

Chart Stock Name Last Change Volume 
SUPERMX 2.15 +0.30 (16.22%) 156,045,100 
TOPGLOV 3.19 +0.55 (20.83%) 210,740,500 
HARTA 6.40 +0.75 (13.27%) 36,386,900 

  Adrianest likes this.
qqq3333 never is just wrong timing.
27/10/2021 3:32 PM
AdCool When uncle said dont buy, it's time to buy. It s proven formula for so many times.
27/10/2021 3:46 PM
tamp0i Aiyo common sense... RM10 got gap to drop... RM2.7 now still got gap to drop ah? Hahaha be realistic lah
27/10/2021 3:52 PM
7589 Post removed. Why?
27/10/2021 3:54 PM
OnTime wow, what a revelation!
27/10/2021 4:18 PM
arv18 hahahaha.

Posted by OnTime > Oct 27, 2021 4:18 PM | Report Abuse

wow, what a revelation!
27/10/2021 4:19 PM
ngohieng the best sifu
27/10/2021 4:23 PM
ahbah Yes Sir.
27/10/2021 5:16 PM
Aaron_tan this old man last time said inject vaccines also need to wear gloves
27/10/2021 5:26 PM
learnbyheart somebody please paste article by uncle koon link on how he praise supermax last year hahahaha
27/10/2021 5:53 PM
Youngkid Time to buy lol!
27/10/2021 7:31 PM
osseng74 Post removed. Why?
27/10/2021 7:35 PM
nuraisyah Post removed. Why?
27/10/2021 7:40 PM
Zrenxy Time to buu y, uncle kyy lost in his hiaptek....we buy gloves before he comes
27/10/2021 7:41 PM
Youngkid Don't buy when near Rm12 but now less than 2 bucks must buy mah!
27/10/2021 7:50 PM
Youngkid Hiaptek EPS only 11.5sen uncle asks people to buy but Supermx EPS 147 sen, u asks people not to buy. I think Uncle needs medical attention
27/10/2021 7:54 PM
jolynce steel big drop ah? Karma loh....
27/10/2021 8:52 PM
gorengkitty never see karma hits so hard, uncles hiapteck drop 10%+ when he say bad things about gloves
27/10/2021 9:16 PM
Stockhunter88 3 screen capture plus few lines of words also can post d a. Like my intern punya job jer
27/10/2021 9:38 PM
Loh Kok Wai W 都是。。。马后炮。。。。去年又不这样讲。
27/10/2021 9:58 PM
dailyklse2010 Retail investor holding huge profit is time to leave ? Retail investor facing lost is time to buy ?
27/10/2021 10:25 PM
partimeshark uncle want to buy already.. want to scare off investor so that he can buy low....
buy buy buy.. dont let him buy cheap
27/10/2021 10:30 PM
partimeshark buy, he want to buy soon... why he want to care gloves if he doesnt want to buy?
fast buy buy buy
27/10/2021 10:30 PM
Birdie Buy glove stocks now.
27/10/2021 10:55 PM
software guy he mislead many to buy supermx last year, then said sorry, and now he promote no buy. Cant trust him at all.
28/10/2021 8:26 AM
qqq3333 value investors all die
28/10/2021 8:52 AM
Dragon9 Post removed. Why?
28/10/2021 8:57 AM
stockraider Where got die leh ??

All raider associates a live & kicking mah!

Do not be mislead mah!

Kyy is not a value investor mah, he is a trader a momentum trader mah!

Lu tau boh ?

Posted by qqq3333 > Oct 28, 2021 8:52 AM | Report Abuse

value investors all die
28/10/2021 8:58 AM
MoreMoreMoreMoney Post removed. Why?
28/10/2021 9:03 AM
28/10/2021 10:21 AM
qwerty8888 kyy want start to buy gloves stock anytime soon... that is y he talk bad gloves same as he talk bad on steel, later on he sapu steel eg hiaptek, then praise skyhigh steel... day day promote steel... but too bad, karma hit him hard, steel not move as per his desired planned.
28/10/2021 10:24 AM
stockfreak Rephrasing TA+FA in the long way.
28/10/2021 10:28 AM
Catchthewave Anyone can talk post event lah.
28/10/2021 11:31 AM
absalom Decades ago when latex glove industry was in style, 100s of manufacturing licenses were issued by MIDA. The bandwagon started. Most who went in closed shop thru attrition. Only a handful remained, got very big and resilient. So the big four have seen it all, they have automated, improved on technology and grown phenomenally. They have gone thru many cycles unscathed while so many perished. To categorically shoot them down, and discourage people from buying when the prices are rock bottom reeks of ulterior motives.
28/10/2021 1:19 PM
Stockhunter88 When he promote steel means he is selling, need volume to pick up his sell queue
28/10/2021 1:33 PM
bang_miskin KYY signaling his return to glove stocks. KYY listener's sell to him cheap2, he laughs all the way to the bank.

Glove counters already near 2021 low. Buy in anticipation of rebound!
28/10/2021 3:56 PM
ValueMe I just bought some lots of Careplus. Do opposite to what this conman fool says. Works 90 percent of the time.
28/10/2021 4:05 PM
Anaconder I think uncle quietly accumulating Supermx cos he strongly recommended Supermx at high price end of last yr
28/10/2021 7:52 PM
Yu_and_Mee KYY, people losing money partly because too trust about you. Although they have to be responsible to their investment but you are the idol, you need to responsible partly because of keep promoting supermx, topglov, ruberex, careplus, comfort among them from time to time.
@KYY, tell us you don't have intention to get everyone to push up for you! Your originate was good intention, tell us.
28/10/2021 8:03 PM
Yu_and_Mee MONEY is not earned in such manner, KYY. I respect what you did in charity but not the other hand in stock to other retailers.
I really suggest you keep quiet after buying any stock, really quietly and don't go through Ooi TB to share also.
Then if the stock really up, then only I say you brilliant and smart. Don't use TYY also, silent by yourself to invest. Don't trap newbies and retailers.
Please act like cold eye, quietly invest. Invest, u know? Then you gain many respects.
28/10/2021 8:11 PM
smallcrocs I think KYY is is a good contrarian indicator. Which means it's probably good to use his statements to find extremes in market sentiment. I still remember how he promoted Heng Yuan last time and that's probably around the time when Heng Yuan reached the peak.

Now he is asking everyone NOT to buy to Glove company, which means it's probably near the bottom.
29/10/2021 9:47 AM
bang_miskin Glove counters rally kuat2 today. Siapa cepat dia dapat. Don't miss the boat!

KYY really is contrarian sifu. Do the opposite of what he says sure profit banyak2
29/10/2021 10:10 AM
stockfreak KYY is old school. It has been a few years since retail investors here in Malaysia embraces TA+FA tactics. His old keyboard/newspapers (bullish/bearish controlling) tactic doesn't work anymore.

In 2020, newbies adopt rocket tactic by Elon Musk. I also find it hard to keep up with the new trend.
29/10/2021 10:14 AM
UnicornTrader Company with good fundamental are still good investment. Some of the glove companies have solid fundamental. Past 18 months of covid are windfall time .. hence, reduce revenue is compared to this "windfall" time frame. Currently, have to look at the company fundamental and value the stock accordingly. I also think near the bottom already.
29/10/2021 10:15 AM
stockfreak Investment house looks at the potential earnings for years to come maybe 3 years ahead. Gloves stocks were benefited when the pandemic is severe and there is not much competition. PE, revenue and ROE are just a small part of FA.

Things are different today. Pandemic is getting less severe with less unknown factors and gloves are facing too much competitions.

Funds don't really care about what you earn today unless you give very good dividend every quarter.
29/10/2021 10:22 AM
bang_miskin Old school is one thing, being deceptive is another. I don't like to talk bad about other people, but based on his behaviour/advices in the past, he has definitely earned a reputation here.

To me at current prices glove counters have solid fundamentals, probably most solid compare to other industries. Yes profit is declining and expect to decline for say another year, but this concern is already priced in, which makes gloves cheap compare to its fair value. Can buy and keep in freezer, earn good dividend, wait for ASP to stabilised, and reaped profit when poor sentiment is over.
29/10/2021 10:45 AM
winnerz So Koon gor is trying to indicate something here?
29/10/2021 11:48 AM
L2 PER, EPR=InversePER @noon break 20211028 D5 :

COMF 118/102.54 = 1.15, 0.869 (cheapest glove)
HTHB 572/144.09 = 3.97, 0.252
KRIB 236/124.38 = 1.90, 0.527
SUPM 194/146.88 = 1.32, 0.757 (next cheapest)
TOPG 269/097.88 = 2.75, 0.364


AYSV 87.0/15.27 = 5.70, 0.176 ("cheapest steel")
HTVE 56.5/11.52 = 4.90, 0.204 (wow, even cheaper, now everyone can steel)

sectoral differences aside.

{L4Q(ttm) EPS taken off live Eforce platform}

:not buy = me dta-bpao first, you stay away?
29/10/2021 1:06 PM
warchest When is at high when KYY was aggressively promoting, it is a value trap. But now when they are back to their pre-Covid level, it could be a value buy. This is how investing works
29/10/2021 3:25 PM
ValueMe Careplus up 23 percent.Hiaptek still fast asleep despite aggressive promotion by uncle con.
12/11/2021 10:49 AM


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