Covid 19 pandemic is affecting every listed companies except medical gloves, medical product for the virus prevention and a few other products. As a result, the demand for medical gloves far exceeds supply and all the glove makers have been increasing their selling prices to make more and more profit.
For some mysterious reasons all the glove stocks have been dropping quite rapidly in the last few days. All the price charts are showing down trend which are encouraging more sellers. Even our famous Mr Ooi Teck Bee would not recommend to all his subscribers to buy glove stocks because they do not comply with his golden rule namely technical and financial analysis.
No wonder statistical record shows that 80 % of all the investors lose money, 10% can break even and only 10% can make money. Currently due to Covid 19 pandemic, there must be more losers and fewer winners.
Glaring opportunity
Supermax reported EPS of 30.58 sen for its 1st quarter ending September. Its previous quarter EPS was 15.29 sen. It made 100% more than its previous quarter because the company could easily increase its selling price for its gloves during the pandemic.
Its 2nd quarter ending December its EPS should be more than 30.58 sen. Even if I assume that its 2nd quarter EPS is the same as its 1st quarter its earning for half year will be 61.2 sen.
It will announce its 2nd quarter result in mid-January 2021 which is about 5 weeks from now.
Its last closing price was Rm 7.70 per share.
All investors should be able to foresee 5 weeks ahead that Supermax is so much undervalued.
This opportunity is glaring in front of us. All investors should see this glaring opportunity to make more money.
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Correct Uncle ! - Supermax is a GOLDEN Duck and not a lame duck.
This is what you call a SUPER stock.
Set to SHINE in 2021.
A TP RM15 shouldn't be a problem.
2020-12-08 10:56
Better buy are these
1. Kossan as price still got room to play catch up
Eastspring Investment Fund also in top 30
2. Luxchem
Topglove , Harta and all must buy nitrile gloves chemical from Luxchem
Luxchem has power to raise it's ASP prices
2020-12-08 12:20
Just leave Gloves & buy palmoil loh...!!
Very much safer & better play mah...!!
2020-12-08 12:31
Haha remember what kYY say about Dayang when Mr Ooi Teck Bee would not recommend to all his subscribers to buy Dayang because Dayang no more comply with his golden rule namely technical analysis first FA second.
2020-12-09 08:21
Charts dont lie. Kyy keeps promoting supermx because he has put most of his money in it .
The chart is telling us the future is looking dim for gloves. No point promoting.
2020-12-09 12:47
BenPg
Cannot see chart alone
See 6 to 12 months further than what chart cannot tell
THE CYCLE OF PROFITS COME 6 MONTHS LATER BUT PRICES RUN AHEAD
BY THE TIME PROFIT EMERGE THE NEXT 6 MONTHS MIGHT SHOULD PROFIT COMPRESSION
SO THE MARKET IS PRO ACTIVE FOR WINNERS
TO BE RE ACTIVE ONLY NOW IS TOO LATE
THAT IS WHY TOPGLOVE IS NOW AT PEAK OF MT EVEREST
AT PEAK THE ONLY WAY IS TO STAY THERE OR THEN GO DOWN
SO THOSE WHO BUY NOW CAN ONLY SEE SUSTAINED PRICES OR GO DOWN
2020-12-09 15:32
self denial...mr lee pls explain what is it! just what did you mentioned in DIY room.BY Chinese year.my guess glove counter sudah masuk longkang. please do not day dream anymore.let see after 2 months who is right. UNless..unless..all the vaccine fails...ha! ha!
2020-12-09 21:47
What statistical record show is greedy traders that wants to make money forever would lose all their gains. So, like they say, its always safer to take your profits earlier. Nevertheless, let's see where the big cap glove stocks will go in the short term. The long term answer is obvious when pandemic is in control and too many players are producing gloves to meet demand, cheers.
2020-12-10 07:38
Dont forget where the share prices and earnings of these glove counters were before the pandemic. Their ASPs were just mediocre. The big players have issued bonuses to inflate the capital many times and when the ASPs start falling, their prices will follow suit. Once the vaccine give confidence to users around the world it will be a PANDEMIC on the falling glove counters share prices then, cheers.
2020-12-10 07:46
Most traders have neglected the super bull run on CPO prices that will bring windfall profits to the Plantation companies. There are still many selling for a song, cheers.
2020-12-10 07:48
Posted by kelvin61 > Dec 10, 2020 7:48 AM | Report Abuse
Most traders have neglected the super bull run on CPO prices that will bring windfall profits to the Plantation companies. There are still many selling for a song, cheers.
CORRECT!!
FCPO CLOSED AT ABOVE RM3600 MEANS MORE THAN 100% PROFIT FOR ALL PALM OIL COMPANIES
FEB 2021 FANTASTIC RESULTS FOR ALL PALM OIL STOCKS WILL REGISTER HUGE PROFITS
WHY?
ANSWER:
OCTOBER, NOVEMBER & UNTIL DEC 10TH NOW CPO HAS FCPO HAS BEEN HOLDING FIRMLY ABOVE RM3400 TO RM3600
Let's calculate the Feb 2021 figure
October 30 days
November 30 days
December 31 days
Total days of last quarter for 2020 is 91 days
Today is 10th day of Dec
So 2 months & 10 days = 70 days
70/91 = 76.9% of the Feb 2021 results will reflect These Very High Profit months
Even if production of FFB decrease by 10% to 15% the Huge Increase in CPO prices over ride all to Excel
Conclusion:
PALM OIL NOW IN BULL RUN TREND
2020-12-10 08:00
118168 self denial...mr lee pls explain what is it! just what did you mentioned in DIY room.BY Chinese year.my guess glove counter sudah masuk longkang. please do not day dream anymore.let see after 2 months who is right. UNless..unless..all the vaccine fails...ha! ha!
Good morning 118168,
For KYY I think I will explain what is greed.
Greed is a natural instinct shared by many other complex organisms. Especially when it comes to possession of food or reproductive partners. However, in Homo Sapiens it has evolved to a highly obsessive and excessive compulsion.
The definition of greedy person is someone who wants more of something than he is entitled to or the behavior of wanting more than you are entitled to
There is a fine line between greed and ambition. It all depends on what kind of greed you have. ... However, the means to make that money can determine whether your greed has taken you in the right or wrong path
What are the warning signs of uncontrolled greed? Overly self-centered behaviour becomes the first give-away of greedy people. Envy and greed are like twins. Greedy people are always saying “me, me, me” with very little regard for the needs and feelings of others. ... While greed is a strong desire for more and more possessions (such as wealth and power), envy goes one step further and includes a strong desire by greedy people for the possessions of others
A person who is consumed by greed becomes utterly fixated on the object of his greed. Life in all its richness and complexity is reduced to little more than a quest to accumulate and hoard as much as possible of whatever it is that he craves
The greedy person is too attached to his things and his money, or he desires more money and more things in an excessive way. Greed has unpleasant effects on our inner emotional lives. ... If I am greedy, and am excessive in my acquisition and keeping of possessions, I may be depriving others of their basic needs.
Corinthians 6:10 nor thieves nor the greedy nor drunkards nor slanderers nor swindlers will inherit the kingdom of God.
2020-12-10 08:46
@ Sslee. You hit the nail on the head for those filled with greed. Their actions portray their lust for greed in making excessive money as if their life depends on it.
And the greedy ones have short memory. They never learn their gullible ways.
2020-12-10 09:16
The word on the street is that when uncle starts promoting Supermx it means better take profits before he does ..... haha, these are wise words
2020-12-10 11:32
if top glove results all already factored in
why Amazon, Facebook, Netflix, Google, Microsoft results all never factored in yet? They continue to rise on good results, but Top Glove they say already factored in
2020-12-10 16:08
because those IT giants keep expanding their product bases and with new technology come up every day they will have new ideas and products to sell.....topglove extraordinary income is because of extraordinary event...may be once in every 10 years
2020-12-10 16:11
u already have but now down so u call buy mar...
later when u wanna sell u call buy somemore....
when u dont have, u will say the stock is a whatever lame duck right
2020-12-10 22:09
....entitled ' Nah....hadn't I warned you all from the beginning - when vaccine out only glove party will stop '
2020-12-10 22:12
yesyesyes
uncle koon got the point . a like to you .
2020-12-08 09:11