Koon Yew Yin's Blog
Top Glove Shareholders in dilemma - Koon Yew Yin
Koon Yew Yin
Publish date: Sun, 14 Mar 2021, 10:02 PM
Koon Yew Yin
0 1,449
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
Top Glove price charts below shows that it has been dropping from Rm 9.60 on 19 Oct 2020 to close at the lowest Rm 5.20 on Friday 12 March 2021. It has been fluctuating within a few sen in the last 2 weeks. Those who did not sell their holdings earlier and all those who sold earlier are in a dilemma.
Its latest quarter ending February EPS was 35.77 sen and its previous quarter was 29.64 sen. Its half year EPS was 65.4 sen. Assuming its 2nd half year EPS will be the same as 1st half year. Its annual EPS will be Rm 1.31 per share. Price Rm 5.20 divided by Rm 1.31 = 4. It is selling at PE less than 4.
Moreover, the controlling shareholders and EPF have been buying back from the open market to prevent the shares from dropping further down, as shown on the table below. Despite their aggressive buying the share price continues to drop.
The following are the questions:
Shall I sell or not to sell?
Shall I buy some more shares to average down?
Will it continue to drop further down?
When will it rebound?
Those who sold at higher prices earlier, should they buy during this cheap sale?
I cannot advise you!
My opinion:
Luckily, I sold all my holdings earlier and I used all my sale proceeds to buy KPS and Dominant which shot to limit up.
All investors must believe in the price chart. What is a price chart?
It is a record of the daily price movement of a stock. If there are more buyers than sellers the share price will go up. In the case of Supermax there are more sellers than buyers in the last 5 months. As a result, the chart is showing a down trend in the last 5months.
This can only mean that there are more investors who believe the share price will not go up again because the demand for gloves is reducing due the reduction of new Covid 19 cases. The Americans have been the largest buyers of medical gloves. Since the number of new Covid 19 cases is reducing the requirement of medical glove is also reducing every day.
Moreover, all the glove manufacturers have been expanding their production capacities and there are many more new manufacturers. Even Mah Seng, a property developer also has ventured to make gloves.
In fact, besides Top Glove shareholders, all other glove stock shareholders should be in a dilemma.
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Discussions
Be the first to like this. Showing 50 of 51 comments
He just a typical retailer like you and me and don’t claim yourself as smart investor laugh die ppl:
2021-03-14 22:06
A rather amateurish report from a 'guru'. But smarter now, no desperate buy call. only 'I cannot advise you' Lol.
2021-03-14 22:09
What lucky you sold out. You been promote supermax ever since you have position now finished sold off started condemn glove investor as in dilemma. You better beware. As usual what every counter you in big BOY won’t let you earn a single cents
2021-03-14 22:10
Let me guess what next! Spermax, then Kp++ass, then Doorman++ass! I predict something like big++ass coming soon!
2021-03-14 22:12
All glove investors should diversify their portfolio and seek to grow them further
Genting (3182) Listed Entity Value as at 11 Mar 2021 @ 12.30pm)
--------------------------------
Total Value: RM 8.29 (Market Capitalisation of Listed Entity only)
Entity: Ownership (%) and Market Capitalisation and Exchange Rate = Value (RM Billion) at Share Price or Value per Genting share
GenS: 52.7% x SGD 10.919 bil x 3.06 = RM 17.608 bil (@ SGD0.905 or 90.5c) or RM4.54
GenM: 49.5% x MYR 18.645 bil = RM 9.229 bil (@ RM3.14) or RM2.38
GenP: 55.4% x MYR 8.363 bil = RM 4.633 bil (@ RM9.32) or RM1.20
Celularity: 10% x USD 1.7 bil x 4.11 = RM0.699 bil (*2Q21 listing; assumes 10% only) or RM0.187
Number of Shares: 3.877 bil
--------------------------------
Takes into account the market capitalisation of GenS GenM GenP only, while assigning ZERO value to RW Las Vegas, Energy, Life Sciences etc
Even at the most conservative target of RM8.29 the upside potential from current share price RM5.18 is significant
There are multiple rerating catalysts for Genting including Skyworlds, RW Las Vegas, Celularity Inc, cyclical sectors Plantation, Property, Power and Oil & Gas which are in an upcycle
Genting which is a Recovery and Value stock is now also a massive Growth stock
** GenS makes up the bulk of GenT value and the value of GenS alone is RM4.54 per Genting share **
2021-03-14 22:43
Same title posted in Supermax forum. It smells like recruiting members for his latest promotion.
I think this is very smart move despite the ridicules by the various comments here. Given that Top Gloves has 120,000 shareholders, even a 0.1% recruitment rate is enough to send his two tiny cap counters soaring.
Should not shed tears for his new recruits later. All are knowingly engaging in the game of the greater fool, trying to pass their ever more expensive tokens to the next fools.
2021-03-14 23:27
老頭搞了幾十年還是跌倒重來，身家少了一個零、又少了一個零.....。這方面，老頭算是硬漢一名了。
股海無涯，大家都應該多多學習。
我本想，老頭可能這次會輸到完，但如今仍能為市場注入為數不多的活力，算是發揮餘溫（又或是餘威）了！
現在市場游資多，新手多，不久老頭又要老調重彈，翻抄他那幾十年來數次的高光時刻了，敬請期待！
老頭只要不造謠，他怎麼吹我覺得還是OK的。比如說星泉案，老頭說他表親是核算師，帳是真的。又比如說他是舊執行長，知道內情。這類散佈不實消息，那問題可是很嚴重的。
2021-03-15 00:17
I know KYY's tactics .MY sincere advice DUMP ALL THE KPS AND DOMINAN STOCKS EARLY MONDAY MORNING .
2021-03-15 00:47
from the recent KYY's blogs ,one thing is clear .KYY is anxious to dump all the KPS and DOMINAN stocks to the greater fools.
2021-03-15 00:51
I am a contrarian . look like all the glove stocks are going to rebound soon.LOL.
2021-03-15 00:56
Old fox is lonely. Nothing to do except playing poker in Bursa.
He wants excitement in Bursa lah.
I am sure if you all visited his house... he won’t feel lonely and will quit bursa.
My observation of YY behaviour lah.
Come... we pay YY a least one day visit at his house per week. Surely he will not feel lonely anymore after that and will quit bursa. Loneliness is YY sickness for 20 years until now.
How? When do we want to visit YY house?
2021-03-15 08:02
We visit YY three people at a single day per week.
Don’t visit in a big group. Only 3 people will be enough per week.
Show our i3 investors CSR program to YY.
YY will feel touch by our visitation to his house.
Surely YY will not feel lonely anymore and will quit bursa for good.
2021-03-15 08:07
手套股的热潮已经过了，不会如去年那麽疯狂了 ！再来未来的几年内将有很多个国家将从事发展这一类手套的生意；将影响 它的利润和消量 ！中国，印尼，泰国，越南 等国家都开始做了；价钱将很烂 ！
2021-03-15 10:15
if it is the prospect of glove sector people are worrying about, instead of further expanding their capacity the company can just diversify their business into other sector with better prospect since their financial status are currently at excellent level... there won't be any chronic dilemma if the top management are smart enough...
2021-03-15 10:54
To all glove investors, you should look to diversify your portfolio and grow it further
The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, commodities cycle...
1971 Genting Highlands Opens
2021 50 Years of History and Growth
2009 Global Financial Crisis (GFC)
2020 Covid-19 Pandemic
2009 Year of the Ox
2021 Year of the Ox
2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (high)
2020 Nov RM2.95 (low) to 2021 RM ????
History always repeats itself
Years of downtrend will be replaced with years of uptrend
Genting will once again go on the Super Cycle Super Bull run in 2021 the Year of the Golden Ox
Sincerely,
EMSVSI
2021-03-15 11:25
What dillema? Choice is yours anyway. Sell while u can. And restart play again.
Bad news is greater than good news in gloves
2021-03-15 13:08
SEE ALSO KNOW
WANT TO TALK LOW THE GLOVE STOCK
WAIT LONG LONG :DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
2021-03-15 13:57
So buy or sell now ???...
Really dilemma...
Really lose at the jungle...
Really need GOD of Share to guide us now...
2021-03-15 14:49
This old fox articles sound very familiar with other i3 forumers who like to use this 2 phrasse :
Luckily I sold all shares (if the shares plunge heavily) !!!!
and bought many "x" shares (if that shares shoot up for few days !!!!)
Funny old man !!!!
2021-03-15 15:19
经验是有，本钱也厚；但是市场永远在变日新月翼，千变万化，一些行业已经被淘汰或 营业额和利润下跌，再加上竟争热烈。。。如果一成不变不改 守株待兔。。。等死 ！
2021-03-15 17:39
Very clear now he want to gain from kps n dominan by asking u all to join him....
Later share price can not perform...he will say No Big Boy support n lucky i sold all n now i have move all my fund to this XXX stock. And i oblige to tell u o one of the top shareholder in this XXX stock n i not asking you to buy. Same old fxxxing story n sentence.
I truly wonder when he will going to eat an egg from public by throwing toward his face.
2021-03-15 21:55
When one day if Supermx n TG rebound strongly n head back to actual valuation...
We will hear this again....I was so regret to sold all my Supermx n TG holding base on TA without believe my golden selection rule. I have make a mistake, i should trust the FA instead of TA. And now i have sold all my Kps n Dominan and move all my fund to Supermx. I obliged to tell i have buy a lot of supermx share. ..........
So uncle koon..u can copy from here. I have prepare behalf of you for your future article.
2021-03-15 22:10
If you can't get it and got hurt from it, go and destroy and talk bad about it, typical con you win, Con you win in dilemma. the title should be.
2021-03-15 22:25
Many times KYY said that he wanted to "SHUT HIS MOUTH" and exit from 3iforum......but sadly he has not been sincere and keep coming back with more nonesenses !!!!
2021-03-16 13:07
uncle koon..while i may not agree with everything u say and do, still hope u do well and amass great fortunes to continue your charity work and helping the less fortunate in our society sir. frankly, i dont think i would have the mental faculty and testicular fortitude to do what u are doing when i reach your age sir.
2021-03-16 17:44
Wah old man u already conned n played people just don't mention glove stocks anymore. You don't have dignity n honesty but at least let ur followers that still holding glove stock be in their confidence state. Glove stocks as of now are better than ur kps n dominant state.. Pui
2021-03-16 23:44
when you think you will become SHIT then you will become SHIT
Pui
Posted by jiamuksy > Mar 16, 2021 5:44 PM | Report Abuse
uncle koon..while i may not agree with everything u say and do, still hope u do well and amass great fortunes to continue your charity work and helping the less fortunate in our society sir. frankly, i dont think i would have the mental faculty and testicular fortitude to do what u are doing when i reach your age sir.
2021-03-16 23:49
Old man how is ur kps n dominant share? Dominan 9 u or u dominant 9 them?
2021-03-18 17:21
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2021-03-14 22:05