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216,081 comment(s). Last comment by ahbah at Nov 27, 2021 2:41 PM
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TheTruthHurt
213 posts

Posted by TheTruthHurt > Oct 22, 2021 11:25 AM | Report Abuse

No need to think too far. Small country vs US u know the general outcome.
Happy sailing south.


FortuneBlooming
3218 posts

Posted by FortuneBlooming > Oct 22, 2021 11:25 AM | Report Abuse

we have yet to see whether malaysian high vaxxing rate can deliver a sustainable low daily infection rate or otherwise, what with the rapid opening up & loosening up of everything

daily infection rate is the outcome part that we should be focusing on

vaxxing rate is merely the input part

UK, US, israel, singapore all already achieved high vaxxing rate 7 months or more earlier than malaysia

but look what happened up to them all after they opened up & loosened up everything so fast, even with 85% vaxxing rate


FortuneBlooming
3218 posts

Posted by FortuneBlooming > Oct 22, 2021 11:25 AM | Report Abuse

australia only achieved 55% vaxxing rate

but they achieved much better than US, UK, israel & singapore in terms of very low daily infection rate

becos they performed much better in other input parts like precautionary preventive measures, use of appropriate ppe, tight sop etc.

so vaxxing rate is not everything


8899EL8899
272 posts

Posted by 8899EL8899 > Oct 22, 2021 11:27 AM | Report Abuse

mana pergi PNB equiti, hari hari bising bumiputra equiti tak cukup, sekarang harga murah , kenapa tak beli, duit simpan bawah bantal boleh jadi bukit kah, jangan salah orang lain, salahkan diri pengecut, tak tahu berniaga.


FortuneBlooming
3218 posts

Posted by FortuneBlooming > Oct 22, 2021 11:27 AM | Report Abuse

How is global glove demand ever going to go back to pre-pandemic level, when pandemic is quite obviously still raging & rampaging with newer & robuster covid variants still emerging all the time

that is just so obviously shorting cartel desperate pathetic bullkrapping fearmongering


Knm_bottomed
961 posts

Posted by Knm_bottomed > Oct 22, 2021 11:27 AM | Report Abuse

Confirm bottom already


FortuneBlooming
3218 posts

Posted by FortuneBlooming > Oct 22, 2021 11:28 AM | Report Abuse

While global population also still continuing to grow all the time


King325462
36 posts

Posted by King325462 > Oct 22, 2021 11:28 AM | Report Abuse

rebound anytime


FortuneBlooming
3218 posts

Posted by FortuneBlooming > Oct 22, 2021 11:28 AM | Report Abuse

global population right now growing at 90 million per year

this growth, just like your fd interest, is compounded over time

so, in just 8 more years, there's gonna be another 1 billion people on this planet

in just 14 more years, another 2 billion

in 19 more years, another 3 billion


Keyman188
5239 posts

Posted by Keyman188 > Oct 22, 2021 11:29 AM | Report Abuse

Amboi...EPF also NOT part of shareholder...

You think PNB want it !!!...

Please explore...research...study past history 1st lahhh...


wkwkwk...kekeke...hehehe...




Posted by 8899EL8899 > Oct 22, 2021 11:27 AM | Report Abuse

mana pergi PNB equiti, hari hari bising bumiputra equiti tak cukup, sekarang harga murah , kenapa tak beli, duit simpan bawah bantal boleh jadi bukit kah, jangan salah orang lain, salahkan diri pengecut, tak tahu berniaga.


stingray_ea
2399 posts

Posted by stingray_ea > Oct 22, 2021 11:33 AM | Report Abuse

Seller in control…


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:34 AM | Report Abuse

safety health precautions & preventive measures among frontliners still need to remain, including wearing appropriate ppe in many situations

irregardless of whether their patient is fully vaccinated or not, taking pill or not, young or old, female or male, etc.

gloves are very often important part of appropriate ppe


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:34 AM | Report Abuse

frankly speaking, I myself have not worn a rubber glove even once in my life

but still the global demand for rubber gloves in 2021 is 500 billion pcs, while current global supply is only 420 billion pcs

it's mostly about the frontliners

global glove demand does not need everybody wearing a glove, guys

comprende?


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:35 AM | Report Abuse

Well, if it's just up to me alone, I would rather the nurse or female doctor be touching me without gloves when she is examining me.

But she's not gonna have any of that.

No frekkin way, man


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:35 AM | Report Abuse

singapore daily cases could still possibly shoot up to 5 digits, if their govt & rakyat still too stubborn & adamant about relentlessly opening up & loosening up without sufficient restrictions & precautionary preventive measures


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:36 AM | Report Abuse

So, just going by the actual post-high vaxxing experiences in US, UK, Israel, Singapore etc., it still remains to be seen yet, how things gonna really play out in Malaysia in the weeks & months to come


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:36 AM | Report Abuse

The upside to high vaxxing rate is that it tends to produce a quick lowering effect on daily infection rate

The downside being, when guys see a quick reduction in daily infection rate, they also get overconfident & overexuberant fast, often too fast for their own good

So, whether sustainable or not sustainable in longer term, would greatly depend on discipline of both the govt & the rakyat

Yep, just as has already been proven in US, UK, Israel, Singapore etc.


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:37 AM | Report Abuse

A daily covid infection rate of 6,000 per day for a population of only 32 million is not an indicator of competent covid management at all

It is merely a reflection of a previous much worse level of incompetence now only temporarily mitigated


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 11:38 AM | Report Abuse

So, better not be lulled into blissful happy delirium so soon about current drop in daily covid cases yet

It might be sustainable, but then again also, it might not

Malaysians are not a uniquely invincible species, so what makes anybody think for even one moment that our experience post-opening up is gonna be any different from those of US, UK, israel, singapore


stingray_ea
2399 posts

Posted by stingray_ea > Oct 22, 2021 11:42 AM | Report Abuse

PE ratio 1 —-> 2. , 2 —-> 4 , 4 —-> 16. . When profit drop 50% each Q


SamLiRainMaker
261 posts

Posted by SamLiRainMaker > Oct 22, 2021 11:53 AM | Report Abuse

Kossan is more stable compare to this.


monetary
3374 posts

Posted by monetary > Oct 22, 2021 11:57 AM | Report Abuse

kossan is more humane during pandemic. the least likely to be cbp target.


monetary
3374 posts

Posted by monetary > Oct 22, 2021 11:59 AM | Report Abuse

u can't blame USA. they don't slaughter us by jacking up the vaccine price.


VolatileIsMyGold
2907 posts

Posted by VolatileIsMyGold > Oct 22, 2021 12:07 PM | Report Abuse

It was the vaccine price negotiations (plus an incompetent kabinet gagal #1) that delayed our vaccine acquisition for so long, what else

So much so that we went up to 24,000 cases per day at one time

When countries in the Persian/Arab Gulf had already managed to cut down their own daily cases to 2 digit figures

Posted by monetary > Oct 22, 2021 11:59 AM | Report Abuse

u can't blame USA. they don't slaughter us by jacking up the vaccine price.


Benhobenhobenho
1050 posts

Posted by Benhobenhobenho > Oct 22, 2021 12:19 PM | Report Abuse

Kossan is more stable compare to this
U know why?? More retailers investment in supermax than others, that's the reason the manipulators hijacked the price n push to a very low level


parastoo
22 posts

Posted by parastoo > Oct 22, 2021 12:23 PM | Report Abuse

Good thing Kossan div 12sen, Spmx cannot be lower in coming QR.


sharemarket21
1227 posts

Posted by sharemarket21 > Oct 22, 2021 12:24 PM | Report Abuse

Labour issues are everywhere. No one really care and badly afffected apart of little hiccups and profits forecast disrupted. But those who have invested wrongly would felt the most pain because share price tank. Hoping for Covid-19 deterioration lead to higher sales and profits or concerns profits declined due to lower production. That's what you are asking for and now you got it. Welcome to the big boys market.


Knm_bottomed
961 posts

Posted by Knm_bottomed > Oct 22, 2021 12:24 PM | Report Abuse

Next month rm4 100% profit


probability
13272 posts

Posted by probability > Oct 22, 2021 12:26 PM | Report Abuse

https://www.theedgemarkets.com/article/analysts-cut-supermax-earnings-forecasts-after-us-customs-ban-glove-products

“We have cut our earnings forecasts for Supermax for FY22 (the financial year ending June 30, 2022) to FY24 by 22% to 54% as we believe that it would take at least a year for Supermax to resolve the issue with the CBP and given the likely pressure on its average selling prices (ASPs) due to its significant exposure to the US market,” said Affin Hwang Investment Bank in a note.

As a result, it cut its target price (TP) for Supermax to RM1.70 based on an unchanged 5.5 times 2022 price-earnings ratio (PER), and downgraded the stock to "sell" from "hold".


Jonathan Keung
3410 posts

Posted by Jonathan Keung > Oct 22, 2021 12:34 PM | Report Abuse

This analyst do not understand the structure of glove business.supermax is not going to sit for one year and wait for the US regulatory for approval. They are going to divert their products to other third parties and other regions. Yes average selling prices are lower but still generating a profit. No businessmen is going to sit for one year doing nothing. Prices will be under pressure and smaller producers and new comers will be hit when Supermax divert their gloves into other markets and segments. Supermax management is very experienced


oskchoon
2789 posts

Posted by oskchoon > Oct 22, 2021 12:36 PM | Report Abuse

This morning only 6 million share trading compared with yesterday morning of 40 millions shares trading, it means the shorties gangs must buy Supermax shares at any cost on next Monday, ppl are clever this time..


oskchoon
2789 posts

Posted by oskchoon > Oct 22, 2021 12:39 PM | Report Abuse

With these small trading volumes, it is difficult for shorties to continue buying at 2.03 to 2.04 whole day, it is still far short to pay back the borrowed shares to the Brokerage houses, if they..


oskchoon
2789 posts

Posted by oskchoon > Oct 22, 2021 12:40 PM | Report Abuse

If the shorties gangs start to buy aggressively on Monday morning, it is easily to push up suplex to RM 2.25 to 2.30 levels..


oskchoon
2789 posts

Posted by oskchoon > Oct 22, 2021 12:42 PM | Report Abuse

This will teach the shorties a good lesson to RSS a reputable and strong foundation company like Supermax which is cash rich and strong leadership..


Jonathan Keung
3410 posts

Posted by Jonathan Keung > Oct 22, 2021 12:44 PM | Report Abuse

If the price maintain above 2.00+ shorties cannot cover their costs { either buy back or cut their short position volume}


Flamini
32 posts

Posted by Flamini > Oct 22, 2021 12:46 PM | Report Abuse

What's i concern is PAT coming up quarter


Stockisnotfun
5024 posts

Posted by Stockisnotfun > Oct 22, 2021 12:54 PM | Report Abuse

Don't do second guess la. When IB want short by giving low tp just follow them.

Unless u have more money than IB else u are just a small ant in this bloodbath


GlovesOff
2132 posts

Posted by GlovesOff > Oct 22, 2021 1:16 PM | Report Abuse

Meanwhile, TA Securities Research said .....

Consequently the research house, which has a "sell" call on Supermax, reduced its target price to RM1.43 a share from RM1.80 a share, based on revised 2023 price-earnings multiple of 12 times, down from 13x previously.


MoneyMakers
5653 posts

Posted by MoneyMakers > Oct 22, 2021 1:53 PM | Report Abuse

Seems some here jealous of kossan..fyi kossan current price rm2.5 is only (1.2x) orig prepandemic price rm2.1

Supermx current price rm2.0 is (3.1x!!) prepandemic price 65sen

Thats how overvalued supermx..still need huge drop coming weeks/months


investmalaysia7777
368 posts

Posted by investmalaysia7777 > Oct 22, 2021 1:53 PM | Report Abuse

Rm1.43 still way above pre pandemic level. Cannot be justify. Harta and Kossan is at pre pandemic level d


MoneyMakers
5653 posts

Posted by MoneyMakers > Oct 22, 2021 1:54 PM | Report Abuse

Also alot nonsense about shorts today..usual blame game after bloodbath..blame everything but ownself


MoneyMakers
5653 posts

Posted by MoneyMakers > Oct 22, 2021 1:54 PM | Report Abuse

Price just resting b4 nxt leg down..can easily drop 10sen-15sen anytime


investmalaysia7777
368 posts

Posted by investmalaysia7777 > Oct 22, 2021 2:10 PM | Report Abuse

Kossan already reach pre pandemic level. if kossan can earn few hundred millions in the next few quarters. its undervalued. Supermax is 3x pre pandemic level. any increase in earnings already reflected in share price. thus overvalued


wiser_dude
822 posts

Posted by wiser_dude > Oct 22, 2021 2:19 PM | Report Abuse

Gloves are all dead


oskchoon
2789 posts

Posted by oskchoon > Oct 22, 2021 2:24 PM | Report Abuse

Kenanga Research house has downgraded the Supermax TP to RM 2.15 from 2.35 due to USA and ILO accused Supermax forced labour, however only 20 % Glove sales is for USA and Supermax decided to divert the consignment to other destination with lower ASP but still profitable, Therefore, Kenanga had slightly lower the new TP to 2.15 and current Supermax price is RM 2.03 a discount of 12 sens... A good bargain to collect...


IvanC
659 posts

Posted by IvanC > Oct 22, 2021 2:34 PM | Report Abuse

collect some today. hehe


stingray_ea
2399 posts

Posted by stingray_ea > Oct 22, 2021 2:37 PM | Report Abuse

Bear in control


MoneyMakers
5653 posts

Posted by MoneyMakers > Oct 22, 2021 2:42 PM | Report Abuse

Wait QR profit drop & IBs use latest ASP to calculate new TP..will be far below rm2.0


MoneyMakers
5653 posts

Posted by MoneyMakers > Oct 22, 2021 2:46 PM | Report Abuse

Fyi no IB has ‘buy’ recommendation on TG anymore..all downgraded to either ‘hold/sell’..thats how bad whole glove sector

By the time all IBs downgrade to ‘sell’, price alrdy 65sen (orig price)


oskchoon
2789 posts

Posted by oskchoon > Oct 22, 2021 2:51 PM | Report Abuse

Even Glove ASP is down, as long as all the top 7 Glove companies still profitable and giving out dividend every quarter, there is no reason why ppl investors are holding these counters for long term gains..

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