Koon Yew Yin's Blog
Glove stocks rebounding temporally - Koon Yew Yin
Koon Yew Yin
Publish date: Tue, 27 Apr 2021, 09:33 AM
Koon Yew Yin
0 1,412
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
Kossan and Supermax price charts below show that their share prices have started rebounding about 2 weeks ago. Short term investors can take advantage of the situation to make some quick profit. But they should be careful because the glove average selling price is dropping due to oversupply.
Long term investors should not take the risk to buy glove stocks to keep for long term.
A few days ago, Kossan reported a big jump in profit. All the other glove makers will most likely report increased profit for the quarter ending March. However, glove makers will not be able to report increased profit for the next few quarters because the average selling price has started to drop due to oversupply.
Recently, I have posted 2 articles namely Investors must look ahead and Glove stocks: to buy or not. Briefly I said:
The price of medical glove has been shooting up higher and higher since the start of the Covid 19 pandemic in early 2020. As a result, all the existing glove manufacturers have been expanding their production to make more and more profit. In fact, many companies which are not in the glove business have also diversified to make gloves.
If you Google you can see the names of some of the new glove makers in Malaysia namely
1 At Glove
2 Mah Sing Healthcare
3 AXG
4 Leader Steel
5 Rimba Gloves
6 HLT Global
7 Kanger Tech
8 CE Technology
9 Inix Technology
10 23 Gloves Johore
11 Luster Industry
China has many new glove factories.
All the Chinese glove manufacturers have expanded their production. There must be a lot of new glove manufacturers. I can imagine how quickly the Chinese Entrepreneurs would have taken advantage of this profitable opportunity.
US Government
The US is our biggest glove market. The US Government has provided many incentives for glove manufacturers to produce gloves in US because they do not want to depend on imported gloves.
European Union
The European Union has provided large sum of money for the Covid 19 pandemic prevention and low interest loan to encourage investors to start glove factories in Europe.
Canada
Supermax has increased additional production lines in all its existing factories and started a new factory in Canada.
Top Glove also has expanded its production lines in all its existing factors and started to construct new factories.
Reduced demand for gloves
Due to massive vaccination, the number of new Covid 19 cases is gradually being reduced. As a result, the demand for medical gloves is also being reduced gradually and glove prices will continue to drop.
Based on the above factors, I wish to point out that the average selling glove price will continue to drop due to oversupply and all the glove makers will not have profit growth any more.
Investors must remember that among all the stock selection criteria such as NTA, Cashflow, PE ratio, dividend yield, debt or healthy balance sheet, etc, the most powerful catalyst to move share price is profit growth prospect. Never buy any stock that has no good profit growth. Never buy any stock if it cannot report increased profit in the next few quarters.
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Discussions
Be the first to like this. Showing 50 of 105 comments
I am holding 80% of glove counter and i earned more than 30%. Wat u gonna say
2021-04-27 22:16
If i listen to u, i will loss until no pant to wear, like xinquan, dayang, jaks, sendai, hengyuan, jtiasa, supermax. Keep ur advice to your kids, we no need. FOff
2021-04-27 22:18
Uncle: U still remember MUDAJAYA? i loss nearly half of my wealth because of listening to u.
2021-04-27 22:21
why care so much about ASP if its drop will be compensate by the production capacity.
2021-04-27 23:37
I think KYY just share his thought, no right or wrong. I still hold the TG shares, i can understand his concern and it is valid but i hold a different thought. I believe it needs few years to back to normal. Second, no body know what is the next. The experts don't tell you the truth. The truth is the virus evolve too fast. China scientists started with new vaccine research to cope the potential mutated variance, which cannot be contain by current vaccine. Even US and the other developed countries can vaccinated their civilian but most of the under developed and developing countries, they couldn't. The mutant can happens and spread back to the developed country. So, they best way, everyone is get ready. Thus, they may need stockpile all PPE.
2021-04-28 08:52
Dear KYY, please read my blog.
HARBOUR has 60% upside worth RM1.45
https://klse.i3investor.com/blogs/learnToInves/2021-04-27-story-h1564165500-HARBOUR_Dear_KYY_this_stock_UNDERRATED_61_upside_worth_RM1_45.jsp"
2021-04-28 09:14
One things very such is glove or vaccine not the right tools to stop,just dont wanted to believe glove indeed helping to spreading the virus..thinks about it,how people work while wearing the glove?they touch many different objects with the same glove,unintentionly it help spreading...i since reply wish i am wrong..
2021-04-28 09:42
Constant buy calls, poor judgements resulting in flip-flops and huge losses ( Jaks/ Dayang etc). Sorry but I have to say it, uncle has lost his marbles. Please follow him at your own caution.
2021-04-28 12:45
Uncle never follow his own golden rule. Every quarter glove counters making more n more profit ,yet he ask retails not to buy. Something wrong
2021-04-28 13:17
ah pek KYY always lost in stock market, kasihan ah pek missed the boat and is now a sour grape that why ah pek said temporary la.....else if he still holding supermax u will see his article writing supermax this supermax that.
We need report ah pek name to SC because he trying to manipulate stock via his blog
2021-04-28 13:27
He is a goner in the market place. Nothing can change that. I feel sorry for him. What to do when there are better people around. That is life!!
2021-04-28 13:48
When you are old and still smart, many would look up to you. Otherwise all the investors will look down on you. This can be a sad ending in this vicious market place.
2021-04-28 13:55
No need to care who will win. All I know is IB will be the final winner in stock market. Don't care your covid or vaccine.
2021-04-28 14:06
Trusting KYY IS like Trusting TUN M.
You all still dont felt it???????
FULL STOP
2021-04-28 17:02
this guy dumping his glove shares is like najib losing his PM post.
talk with real sense. because its pointless to lie anymore
2021-04-28 17:15
ahbah Covid 19 vs human - who is winning the battle now ?
28/04/2021 1:58 PM
==
how many SARS-CoV-2 die compared to human deaths?
The strong survive, the weak get eliminated.
Human race will become stronger
Human race always win
2021-04-28 17:18
#pjseow what happen to his golden rule of buying stocks? All the glove stocks fit his buying rules criteria.
Rule number 1, this qtr profit must be mote than last qtr. Next qtr.profit.must be more than this qtr.
Rule number 2 . Its PE. Ratio must be less than.10
All.glove stocks fit his golden rules. Why he contradicts his own rules ?
27/04/2021 5:03 PM
Simple...
He does not own any Gloves anymore..
Meow
2021-04-28 22:28
Good to read KYY articles because this gives a good indicator of how investors with no consistent/disciplined methods lose money. Smart investors will read and take advantage of them.
2021-04-29 10:05
Sorry la uncle, no one will respect you anymore. Everything you did you did it for your own benefit. PLaying roti canai all the time.
2021-04-29 10:33
Covid 19 oredi injured over 150 million human n killed over 3 million humans !
Until now, covid 19 is still winning even with the vaccines on !
2021-04-29 10:46
Please admit you spelled "temporarily" incorrectly first. Then I listen to you.
2021-04-29 10:51
We are still fighting hard to defeat the unseen monster covid 19
surrounding us !
Up to now, no country in the world got stand up n declare they had oredi
defeated covid 19 !
2021-04-29 10:53
The most i hate about this uncle is once upon a time when i read one of his articles, he criticized a student that can't even write in proper english to apply for his scholarship.
Very lanci felle, want give just give in sincere dont archi archo there! Hope the rejected student is doing well now.
2021-04-29 10:59
ahbah Covid 19 oredi injured over 150 million human n killed over 3 million humans !
Until now, covid 19 is still winning even with the vaccines on !
29/04/2021 10:46 AM
=====
1 human can kill over 150 million in an instant by using its antibody. viruses may have the advantage of reproducing quickly. But humans have the intelligence
learn some science before posting some non-sense
2021-04-29 14:06
ahbah We are still fighting hard to defeat the unseen monster covid 19
surrounding us !
Up to now, no country in the world got stand up n declare they had oredi
defeated covid 19 !
29/04/2021 10:53 AM
===
ever heard of israel? vaccination is still less than 60% but they already defeated covid-19
2021-04-29 14:07
Roger123.....don't forget how KYY convince retailers to enter AT with TP 40cents....pity those trapped above 20cents...this KYY should keep silent before Karma after him
2021-04-29 15:01
KYY I USED TO THINK HIGHLY OF YOU SEVERAL YEARS AGO, BUT NOW I THINK YOU ARE A VERY, VERY BITTER MAN, WRITING ON MANY THINGS YOU KNOW SO LITTLE ABOUT
PLEASE STOP SO PEOPLE CAN KEEP WHAT LITTLE RESPECT THEY STILL HAVE OF YOU. CHEERS KYY
2021-04-29 16:31
In Feb this old man so confident about supermax will reach rm15.40 and ask people to buy.
In March, he secretly cut loss when supermax reach its lowest price.
In April, this old fox keep bashing glove counter when most glove price rebound.
Lol uncle u regret cut loss is it??? Lol serve u right, karma will bite u back old man. U deserve it uncle
2021-04-30 18:06
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rogers123
Oldman, please retire! if not karma will come to u.
2021-04-27 22:15