Koon Yew Yin's Blog
Agong declares emergency should increase the demand for gloves - Koon Yew Yin
Koon Yew Yin
Publish date: Tue, 12 Jan 2021, 12:03 PM
Koon Yew Yin
0 1,414
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
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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Discussions
Be the first to like this. Showing 50 of 72 comments
@gemfinder, we all waterfish because we knew that gloves companies sure get profit for next few quarters, can others companies perform it ?
2021-01-12 23:29
Not againnnn. Fool fooling the fools.... Fools fall for the fool. Again n again n again.
2021-01-13 01:07
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?
2021-01-13 02:18
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
2021-01-13 02:28
Ok la my old friend KYY, this article limpeh agree with you a bit. kikikiki huat arrrrrrr
2021-01-13 09:25
Haha,
The being ringht is Agong declares emergency should increase the demand for karex.
2021-01-13 12:30
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.
2021-01-13 12:53
I hold top glove. But I really don't see any connection between gloves and the non-military takeover Emergency
2021-01-13 15:23
hahahahahahahaha
Why? Darurat so many people sit at home so buy gloves to beat aeroplane?
2021-01-13 17:23
darurat might increase the rubber usage jeh....glove really don't really make sense..
2021-01-13 17:25
Mr. KYY
放下屠刀。。。
Hope anyone can translate to Mr. KYY. Over supply and some fall to. Negative margin
2021-01-13 17:53
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
2021-01-13 17:59
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
2021-01-13 18:02
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2021-01-13 18:42
Agong declare emergency = increase glove demand
Agong give speech = increase glove demand
Agong climb staircase = increase glove demand
Agong pangsai = increase glove demand
- kyy
2021-01-13 18:45
Well, I'm still working uncle... emergency meh? Policital emergency only.
If really emergency, buy foods...
2021-01-14 08:36
i always wondering... out of my 10 friends, 10 of them wearing masks. But out of 10, none of them wearing gloves.
2021-01-14 09:53
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
2021-01-14 10:07
High demand for using gloves in massage centres. All those china girls need to wear gloves to handjob.
2021-01-14 11:00
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.
2021-01-14 12:22
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Cant believe uncle use this lousy excuse then wanna push the price up..
Really so many water fish in the market meh..
2021-01-12 21:42