Koon Yew Yin's Blog
Glove stocks cannot drop continuously for whatever reason - Koon Yew Yin
Koon Yew Yin
Publish date: Tue, 23 Feb 2021, 09:15 AM
Koon Yew Yin
0 1,416
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
No stock can drop continuously for whatever reason. After some time, they will rebound. All the glove stocks have been dropping in the last 5 months. They should rebound sooner or later.
Due to Covid 19 pandemic, the demand for gloves has been surging since the pandemic began about 15 months ago. All the glove makers can easily increase their selling prices to make more and more money. All of them have reported increased profit in the last few quarters.
Many scientists have predicted the pandemic will not be completely under control for another 4 or 5 years despite massive vaccination. At least 70% of all the people in the world must be vaccinated to stop the spread on the coronavirus. Currently only the rich nations can afford to buy vaccine to vaccinate all their citizens. Unfortunately, there are many more poor nations that cannot afford to buy the vaccine.
As I said earlier, all the glove stocks have been dropping for no reason. It defies investment logic.
For example: Supermax has the best profit growth rate among all the glove stocks. Its 1st quarter EPS 30.58 sen. Its 2nd quarter EPS 41.14, totalling 71.72 sen for 1st half year. Assuming the company cannot, its EPS for 3rd and 4th quarter will be 40.14 sen for each quarter. Its 2nd half year EPS will be 80.28. Its annual EPS will be Rm 1.52. Based on PE 10, it should be Rm 15.20 per share.
The chart below shows Supermax has started dropping from Rm 10.70 on 19 Oct to close at Rm 5.53. It has dropped 50% in last 4 months. It defies investment logic.
The table above shows that in the last 5 months Kenanga has posted 5 buy recommendations with its target price, CIMB 4, Affin 2, BIMB 2 and MIDF 1. You can read each of their recommendation if you click Q box.
To stop the glove stock from dropping, I would like to suggest the following:
1 All the Investment Banks which have posted buy recommendations should buy to prevent glove stocks from dropping further. They should buy glove stocks because they cannot find any stock sell at cheaper PE ratio. They should what they preach.
2 Investors with buying power should buy glove stocks.
3 Glove stockholders should stop selling. They cannot find any other stock selling at cheaper PE.
4 Each of the Glove manufacturers should issue a press statement that they can easily increase their selling prices due to the surge in demand to make more profit. They have presold their gloves for 1 year.
5 Bursa and Securities Commission must stop the short selling and manipulators. As the prices are dropping they can sell and buy back later to make money.
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Discussions
1 person likes this. Showing 50 of 147 comments
But the big problem is so many guys don't wanna hear the basic truth
2021-02-24 21:42
They much prefer to be gobbling up krappy sozzhhai hyped up anti-glove boulshhit
2021-02-24 21:45
He was right asking guys to hold tight to Dayang, but they all sold it down to 80 sen about a year ago or so
2021-02-24 21:47
But look where Dayang is now
It even went back up to RM3 at one time
2021-02-24 21:48
@BeastOfTheEast - that's just jamming up bullets for no apparent reason. When stock market was still on blackboard days it makes sense. but now it is digital generation already bro.
2021-02-24 21:53
Too many iddiot digkkhedds who actually don't know jackshhit about anything trying to sound genius by continuously krapping senseless sozzhai boullshhit out of their stinkin arse
2021-02-25 00:29
Pls continue to blame Bursa, when good day you cheer, now rainy day you said Bursa no good, that’s your level of intelligence, can’t blame you, not your fault.
2021-02-25 10:13
@BeastOfTheEast Don't so sb. That means that's Kyy luck. Whatever stock he picked will soon return from very high to the lowest original price. And you never see the last high anyway like Dayang which is trading 1.5 now.
2021-02-25 10:16
This KYY thinks he can control market by asking people to buy what he thinks should be bought, what a joke
2021-02-25 10:16
Hallo uncle hallo hallo hallo uncle.... you sound really desperate lorr this time... asking people to buy larr don't sell larr.... what happened LOL...
2021-02-25 10:41
eeeeeh one more thing uncle.... have you eat your pineapples evelydayy aaah uncle? hallo uncle hallo... helloo... helloo uncle aaaah.... halloo.... pineapple good for you ankerrrr...
2021-02-25 10:43
PureBULL >>>, [24.02.21 17:08]
List of stocks still in the running for THEME.PLAY Championship :-
MPI 35.0600
UNISEM 8.6000
D&O 3.3300
GREATEC 5.9900
UWC 6.5500
PMBTECH 5.3700
MSC 2.3800
PARAGON 1.7500
PA 0.5150
FRONTKN 5.3000
FPI 2.6700
This mild CORRECTION has reset the EW going forward...
Tech in OSAT n EV.CAR material stocks r likely preparing to bull into their MAJOR E, i.e. entering Uni.
This VALUE wave is at quite similar location like gloves last year on Jul 1st.
That MAJOR C wave gave gloves a super bull run to 1st week of August 2020.
NB: FRONTKN is 1st in NEW.HIGH zone. FPI n PARAGON have weakened considerably.
All these stocks should recover soon I hope.
2021-02-25 10:51
Oh boy, apolloang, you brought alot at 5.04 yesterday, now want to buy at 4.80 again?
2021-02-25 11:17
Careful 扑街 ah, apolloang, you are famous of making lousy investment, every time buy sure drop one
2021-02-25 11:21
Old man also scared of seeing you buy, you very sui 衰 one, uncle Koon need to eat more pineapple to bring himself ONG
2021-02-25 11:23
I miss my friend @probability, don’t know how is he doing now?
Hope he can hold tight on his confidence with uncle koon
2021-02-25 11:27
Guess @probability is busy buying Supermax now, cheer for him for his faithfulness with Uncle Koon’s articles..... Yip yip hooray
2021-02-25 11:29
These few days i feel that these short sellers really maximum short kao kao all the glove companies o.
Its like they are going all out to do it. I feel that its weird and u can see that all if not most other cw expiring later in months may or june all fall drastically n the vol are big. Collected back back the ib?
Is it possible rss will be suspended soon or something big is happening in the future for glove stocks? Supermax buidling a factory in the usa. Is this the catalyst?
I dun know. All the best dudes
Just my curious 3 cents of analysing
2021-02-25 11:34
it will get more ugly when more margin calls are imposed by the brokerage houses to recover their money. BEWARE of bigger drop tomorrow if no strong hands come in to provide support.
2021-02-25 12:51
Newbies love high PE stocks.
Low PE stocks controllers by value investors and they buy a lot and sit there and wait for a surge.
High PE stocks easier to be goreng as no one knows how it actually worths. Pengoreng like this kind of stocks.
2021-02-25 12:56
This is a replay of Gadang, Hengyuan, Eversendai, Jaks and Dayang. Entertainment indeed.
Fool You Yin is just trolling you with his articles.
When is the next one, geeza?
2021-02-25 13:15
Kyy must come out sell report then supermax will up as proven in history when he say sell the price spike up
2021-02-25 15:18
Like it or not, the glove party is over. 50% losses can never recover. Never fall in love with stock. It is not wife but serious business to make money. Low PE without party supporters cannot win. Those who sold high are laughing day and night.
2021-02-25 21:03
Pandemic will end soon not 4 or 5 years.......face reality or fill in the blanks.
2021-02-25 21:06
Posted by Flying Fox > Feb 25, 2021 11:17 AM | Report Abuse
Oh boy, apolloang, you brought alot at 5.04 yesterday, now want to buy at 4.80 again?
bought a lot meh? 5.20 20 lots and 5.01 20 lots only....today 4.80 miss by 1 cts no kena 20 lots.nevermind now key in 4.80 20 lots and 4.50 20 lots,hope tomoro uncle koon generous sell for me.....hehe
2021-02-25 21:17
Kyy investment strategies never change . Glove stocks cannot continuously drop for whatever reasons . From a high of RM10.++ drop until this very days is equivalent to 50 over % and now he still trying to talk glove stocks cannot continuously drop for whatever reasons .
Maybe if he sticks to this principles , he got to sell house, properties or whatever he has cover up his margin position if he never cutlost. This is infact a foolish investment strategies that is not applicable to everyone except himself since he has loads and surplus of funds to offset his losses.
2021-02-25 23:15
I like this: Fool You Yin. Thank you
arv18 This is a replay of Gadang, Hengyuan, Eversendai, Jaks and Dayang. Entertainment indeed.
Fool You Yin is just trolling you with his articles.
When is the next one, geeza?
25/02/2021 1:15 PM
2021-02-25 23:16
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The man is trying his darnedest hardest to explain the real plain truth about everything
2021-02-24 21:41