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4 minutes ago | Report Abuse
Glove sector will shine for many many years.
Here are some sobering facts-
1-The virus mutates all the time.
2-The vaccine would cause it to mutate towards a version that escapes the immune response generated by the vaccine.
3-Unless everyone in the world gets vaccinated at the same time, there is no way to eradicate the virus.
Stock
2021-05-24 10:34 | Report Abuse
Glove sector will shine for many many years.
Her are some sobering facts-
1-The virus mutates all the time.
2-The vaccine would cause it to mutate towards a version that escapes the immune response generated by the vaccine.
3-Unless everyone in the world gets vaccinated at the same time, there is no way to eradicate the virus.
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Well said Bro @Pharker
1) recovery is coming fast in 2021 (no longer valid now, just look at the trend of the banking counters which is the best proxy to recovery theme)
2) vaccine will be the miracle cure (no longer valid now, less effective than expected and problems in implementation)
3) covid spread will be contained just like that (no longer valid now as more variants of the new strain of covid keep mutating--just look at the no. of increasing cases in Malaysia in Jan 2021 )
Stock
2021-02-01 10:27 | Report Abuse
Interesting article- especially the Frost & Sullivan research.
https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp
Stock
2021-02-01 12:40 | Report Abuse
TG IS COSERVATIVELY VALUED AT RM11.80- UNDERVALUED GEM
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Last Quarter TG registered a PAT of RM2.30 billion- yes, in just 3 months!
Being super conservative we assume every quarter TG just earn RM 2bil PAT
So 1 year PAT will be - 2 bil x 4QTRS = RM8 billion
Total shares issued is 8.2bil,
EPS will be RM0.98 sen per share. (8/8.2)
Current PE is just - 6.88 times
Taking a PE of just 12 times will work out to - (0.98 x 15) = RM11.80
TG IS COSERVATIVELY VALUED AT RM11.80
TG is JUST RM6.74 now.
As per TG Management - There will be a 70% DIVIDEND payout!-The best Dividend Yield Stock.
TG- A TRUELY UNDERVALUED GEM-THE WORLDS LARGEST GLOVE MANUFACTURER
Stock
2021-02-25 21:27 | Report Abuse
The GLOVE MOVEMENT in Malaysia is a REACTIONARY FORCE against MANIPULATORS.
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The GLOVE sector saw a massive selloff for the past 2-3 months.
How did this happen?
It started with the vaccine announcement in November 2020 which led to PREMATURE OPTIMISM by the investment fraternity on economic recovery and reopening spurring profit taking.
This was further exacerbated by the FOREIGN IB’s research report which led to facilitation of massive SHORT SELLING exercise at the start of the year.
The short selling volume accounted for 56% of the week’s total volume. It did not end there and today Top Glove, Kossan & Hartalega are the 3 most shorted stocks in Bursa. Coincidently, these 3 stocks were sell calls with RIDICULOUS TP in the Foreign IB’s report (esp JP Morgan)
WE, RETAILERS NEED TO STAND UNITED,
STAND OUR GROUND AND
FIGHT THE UNSCRUPULOUS FOREIGN SHORTIES.
HOLD ON TO YOUR TOP GLOVE SHARES.
Stock
2021-01-24 22:38 | Report Abuse
https://klse.i3investor.com/m/blog/glovestronk/2021-01-31-story-h15402...
Frost & Sullivan report
Naysayers also pls read.
Stock
2021-01-31 19:44 | Report Abuse
Bro Tell the clown JP Morgan- Esok Market Close lah- Try Short on Tuesday up to Max 4% ya.
We are all waiting - The ARMY OF RETAILERS.
Posted by Stockisnotfun > Jan 31, 2021 6:58 PM | Report Abuse
JP Morgan say want to continue short tomorrow!
Stock
2021-01-31 17:53 | Report Abuse
LATEST - TOP GLOVE given a TP of RM10.54 by HL Group
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Date. : 29th January 2021.
Stock : TOPGLOV
Price Target : 10.54
Price Call : BUY
Last Price : 6.74
Upside : +3.80 (56.38%)
Stock
2021-01-31 15:57 | Report Abuse
The Avengers. Pls share ya. thanks
https://www.reddit.com/r/bursabets/comments/l6xzzn/retailers_assemble_the_game_just_begins/
Stock
2021-01-31 15:50 | Report Abuse
I believe so @ Ibelieve
Posted by Ibelieve > Jan 31, 2021 1:26 PM | Report Abuse
"Unusually Fund managers are holding many non-performing stocks and they are losing money. That is why they want to depress glove stocks so that they can buy at cheaper prices.
Fund managers do not recommend glove stocks especially Supermax. They are recommending speculative stocks so that they can sell their non-performing stocks."
so that they can sell their non-performing stocks.
so that they can sell their non-performing stocks.
so that they can sell their non-performing stocks.
So that glovefinish can sell Genting and CIMB at RM6,7,8? Haha. Always the case la.
Chinese say, Pulling Teeth. They know glove stocks got many teeth so they wanna pull off our teeth. Thanks goodness we got very strong jaws and we bite when they try to pull.
Stock
17 minutes ago | Report Abuse
JP MORGAN is a world CHAMPION market MANIPULATOR- Trying their LUCK here with the SC seemingly protecting them. STRANGE ya.
https://www.cnbc.com/2020/09/23/jpmorgan-to-pay-almost-1-billion-fine-...
https://www.cnbc.com/2020/11/24/jpmorgan-chase-pays-250-million-penalt...
PLS SHARE THIS OUT- thanks.
Stock
2021-01-26 19:40 | Report Abuse
Apologies@I Bollmbird, couldn't help it- just love this song
Stock
2021-01-31 14:21 | Report Abuse
Culture Club - Karma Chameleon
www.youtube.com › watch
Lyrics
There's a loving in your eyes all the way
If I listen to your lies, would you say
I'm a man (a man) without conviction
I'm a man (a man) who doesn't know
How to sell (to sell) a contradiction
You come and go, you come and go
Karma, karma, karma, karma, karma chameleon
You come and go, you come and go
Loving would be easy if your colors were like my dreams
Red, gold, and green, red, gold, and green
Stock
2021-01-13 23:54 | Report Abuse
SUPERMAX - No of shares : 2.721 billion
FYQ12021 (Ju1 30 - Sep 30 2020) PAT : RM810M
FYQ22021 (Oct 1 - Dec 31 2020) PAT : RM1,070M*
FYQ32021 (Jan 1 - Mar 31 2021) PAT : RM1,600M, assuming +30% following TG guideline
FYQ42021 (Apr 1 - Jun 30 2021) PAT : RM1,600M
* The Profit After Tax (PAT) could have touched RM1,300M if not for additional RM270M "Other Cost and Expenses" which is likely associated with one time donation to Malaysia government, foreign worker remediation fee and Covid-19 related expenses.
Total PAT for FY2021 is 5,080M, thereby Earning Per Share (EPS) is 5.080B / 2721 B = 1.87.
NOTE : The above calculation disregarding additional 10.25 billion gloves which will be added to existing production capacity progressively till end of CY2021, thereby the suggested number above is very likely far below actual. Existing capacity is 26.175, thus 10.25 billion would translate to approx +40% capacity.
At RM6.80, the Forward P/E is 6.80 / 1.87 = 3.6, which is ridiculously low. If following CIMB-CGS suggested 15 P/E, then the fair value is 15 x 1.87 = (RM28.05). Just hold for another two quarters for handsome share appreciation, even if 50% discounted.
Stock
2021-01-31 13:47 | Report Abuse
The GLOVE Movement is AGAINST blatant MANIPULATION
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TOP GLOVE was given SELL calls with LUDICROUS TP in the Foreign IB’s report ie JP Morgan with a TP of Rm3-50. This is CLEAR manipulation to buy CHEAP.
Therefore, the Glove Movement will FIGHT with these DEVILS and their paid CLOWNS to talk bad about the movement. I guess you all know who they are.
WE, RETAILORS NEED TO STAND OUR GROUND AND FIGHT THE UNSCRUPULOUS SHORTIES.
UNITED we STAND against the MANIPULATORS.
Stock
2021-06-15 21:17 | Report Abuse
The GLOVE Movement is AGAINST blatant MANIPULATION .
----------------------------------------------------
TOP GLOVE was given SELL calls with LUDICROUS TP in the Foreign IB’s report ie JP Morgan with a TP of Rm3-50. This is CLEAR manipulation to buy CHEAP.
Therefore, the Glove Movement will FIGHT with these DEVILS and their paid CLOWNS to talk bad about the movement. I guess you all know who they are.
WE, RETAILORS NEED TO STAND OUR GROUND AND FIGHT THE UNSCRUPULOUS SHORTIES.
UNITED we STAND against the MANIPULATORS.
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2021-01-31 12:16 | Report Abuse
X
The GLOVE MOVEMENT in Malaysia is a REACTIONARY FORCE against MANIPULATORS.
------------------------------------------------------------------------------------
The GLOVE sector saw a massive selloff for the past 2-3 months.
How did this happen?
It started with the vaccine announcement in November 2020 which led to PREMATURE OPTIMISM by the investment fraternity on economic recovery and reopening spurring profit taking.
This was further exacerbated by the Foreign IB’s research report which led to facilitation of massive SHORT SELLING exercise at the start of the year.
The short selling volume accounted for 56% of the week’s total volume. It did not end there and today Top Glove, Kossan & Hartalega are the 3 most shorted stocks in Bursa. Coincidently, these 3 stocks were sell calls with LUDICROUS TP in the Foreign IB’s report (esp JP Morgan)
Therefore, the Glove Movement in Malaysia is not about manipulating the market but a reactionary force.
WE, RETAILORS NEED TO STAND OUR GROUND AND FIGHT THE UNSCRUPULOUS SHORTIES.
Stock
2021-01-31 12:01 | Report Abuse
The GLOVE MOVEMENT in Malaysia is a REACTIONARY FORCE against MANIPULATORS.
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The Government announced Malaysia recorded the largest trade surplus for December in 23 years. The Glove sector played a huge role there. In addition, even Bursa’s Chairman acknowledged if not for the 3 healthcare counters IHH, Hartalega & Top Glove, KLCI would have fallen 11% in 2020.
Indeed, KLCI is one of the poorer performer in the region since 2021. This coincided with the massive selloff of glove stocks for the past 2-3 months. How did this happen?
It started with the vaccine announcement in November 2020 which led to PREMATURE OPTIMISM by the investment fraternity on economic recovery and reopening spurring profit taking.
This was further exacerbated by the Foreign IB’s research report which led to facilitation of massive SHORT SELLING exercise at the start of the year.
The short selling volume accounted for 56% of the week’s total volume. It did not end there and today Top Glove, Kossan & Hartalega are the 3 most shorted stocks in Bursa. Coincidently, these 3 stocks were sell calls with LUDICROUS TP in the Foreign IB’s report (esp JP Morgan)
Therefore, the Glove Movement in Malaysia is not about manipulating the market but a reactionary force.
WE, RETAILORS NEED TO STAND OUR GROUND AND FIGHT THE UNSCRUPULOUS SHORTIES.
Stock
2021-06-17 17:07 | Report Abuse
Please take note that, FBMKLCI index is forming a downtrend now.
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Last Friday, FBMKLCI index broke its previous low and support at 1573, closing at 1566.
A lower high and lower low is formed in the chart, starting the downtrend.
FBMKLCI index is below EMA-20 days and also below MA-70 days, showing a bearish sign.
The next support will be at 1544 and 1500.
Remember to manage your risk well, keep at least 40% cash on hand to buy on cheap sales.
Only hold good fundamental company, please avoid "goreng" counter.
Any strong retracement is a good buying opportunity, looking for the strongest sector/counter
The GLOVE SECTOR is poised to SURGE as investors will sell RECOVERY stocks and switch to the GLOVES-ESP the BIG 4- The MULTI BILLION RM PAT (NET PROFIT) CLUB.
THE ONLY SECTOR THAT WILL SHINE IN THIS PANDEMIC that will be with us for a long time- due to mutation.
Stock
2021-01-31 11:31 | Report Abuse
Please take note that, FBMKLCI index is forming a downtrend now.
-----------------------------------------------------------------
Last Friday, FBMKLCI index broke its previous low and support at 1573, closing at 1566.
A lower high and lower low is formed in the chart, starting the downtrend.
FBMKLCI index is below EMA-20 days and also below MA-70 days, showing a bearish sign.
The next support will be at 1544 and 1500.
Remember to manage your risk well, keep at least 40% cash on hand to buy on cheap sales.
Only hold good fundamental company, please avoid "goreng" counter.
Any strong retracement is a good buying opportunity, looking for the strongest sector/counter
The GLOVE SECTOR is poised to SURGE as investors will sell RECOVERY stocks and switch to the GLOVES-ESP the BIG 4- The MULTI BILLION RM PAT CLUB.
THE ONLY SECTOR THAT WILL SHINE IN THIS PANDEMIC that will be with us for a long time- due to mutation.
Stock
2021-01-31 11:20 | Report Abuse
The PAID CLOWNS by JPM & Co are resorting to telling blatant LIES - a sure sign of desperation-
PEOPLE POWER WILL PREVAIL OVER THE NASTY SHORTIES.
Well spotted @ apprentice
Posted by williamh > Jan 31, 2021 8:46 AM | Report Abuse
Please go and look back the Friday trading volume,it showed that there was more than 70% short high at above 7,those who had bought may catch into heavy loss the next few days when the t+2 due
_______________________________________________________________________
Another outright lie.
Above 7 was for first 1.5 mins, less than 1Mil shares.
So dont BS, which you have been doing here all the time.
Stock
2021-01-31 11:01 | Report Abuse
Its is pretty much official, the South African (and likely the Brazilian) variant have enough antigenic drift to develop resistance to the vaccines that are being made.
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While we are all excited with the stock market... please take every precaution when going out.
It is only a matter of time before these new variants reach our country. Please wear 2 layers of mask when going out (as recommended by Dr Fauci) and please were GOGGLES too (any kind, even swimming goggles is okay) or a face shield to protect your eyes. Your eyes are also a route of entry as they are connected to your throat via ducts, If you are living with many individuals in a household, consider wearing face mask indoors too.
Bath the moment you return home. Wipe door knobs that your touch with a bit of soapy water. The good thing is this virus is weak to basic household cleaners like soap.
Take care folks and observe good hygiene practices.
https://www.reuters.com/article/health-coronavirus-vaccines-variant/fresh-data-show-toll-south-african-virus-variant-takes-on-vaccine-efficacy-idUSL1N2K42SC
Stock
2021-01-30 20:55 | Report Abuse
Here is a message from ELON MUSK
"Short selling is a scam."
Elon Musk tweeted, "If you don't have a house, you can't sell a house that doesn't belong to you. If you don't have a car, you can't sell a car that doesn't belong to you. But the hedge fund doesn't have stocks, but they can sell stocks that don't belong to them!?
This is ridiculous -short selling is a scam."
Stock
2021-01-30 18:32 | Report Abuse
@ ChaseBros- Agreed .
Supermax is being primed to be listed in USA- Probably a NASDAQ listing when they establish a foothold in Northern America & Europe.
Profits are being reinvested for the future- DS Stanley Thai is a genius.!
No of shares : 2.721 billion
FYQ12021 (Ju1 30 - Sep 30 2020) PAT : RM810M
FYQ22021 (Oct 1 - Dec 31 2020) PAT : RM1,070M*
FYQ32021 (Jan 1 - Mar 31 2021) PAT : RM1,600M, assuming +30% following TG guideline
FYQ42021 (Apr 1 - Jun 30 2021) PAT : RM1,600M
* The Profit After Tax (PAT) could have touched RM1,300M if not for additional RM270M "Other Cost and Expenses" which is likely associated with one time donation to Malaysia government, foreign worker remediation fee and Covid-19 related expenses.
Total PAT for FY2021 is 5,080M, thereby Earning Per Share (EPS) is 5.080B / 2721 B = 1.87.
NOTE : The above calculation disregarding additional 10.25 billion gloves which will be added to existing production capacity progressively till end of CY2021, thereby the suggested number above is very likely far below actual. Existing capacity is 26.175, thus 10.25 billion would translate to approx +40% capacity.
At RM6.80, the Forward P/E is 6.80 / 1.87 = 3.6, which is ridiculously low. If following CIMB-CGS suggested 15 P/E, then the fair value is 15 x 1.87 = (RM28.05). Just hold for another two quarters for handsome share appreciation, even if 50% discounted.
News & Blogs
Stock
2021-01-30 15:52 | Report Abuse
Short Position as of Wednesday-
On Top Glove's stock: -RM241,727,747
On Hartalega's stock:- RM81,257,980
On Kossan's stock: ......RM20,209,664
On Supermax's stock: -RM16,045,352
TOTAL PAPER LOSS: -RM359,240,743*
*NOTE: This paper loss excludes any borrowing fees, operational fees, brokerage fees, and other types of expenses attributable to the execution of the short position.
Every 1 sen increase in the price of Top Glove, results in additional -RM2,422,301 paper loss for the short seller.
Stock
2021-01-30 12:08 | Report Abuse
The SHORTIES- Esp JPM are so spooked by the impending MiGHT of retailer come Tuesday morning that they have reported to the Securities Commission- to protect them. They have also enlisted The Edge - their running dog/poodle to to run down TOP GLOVE- and also to warn the Malaysia public to not bully the HARDCORE CROOKS. What a sick ' The Edge".LOL.
Posted by treasurehunt > Jan 30, 2021 11:44 AM | Report Abuse
Retailers are assembling in Telegram. The number is hitting 40k now. Shorties are shivering after knowing the big crowd forming.
Stock
2021-01-30 12:06 | Report Abuse
An UPGRADE BY CIMB
https://klse.i3investor.com/servlets/ptres/58417.jsp
Stock
2021-01-30 11:53 | Report Abuse
The SHORTIES- Esp JPM are so spooked by the impending MiGHT of retailer come Tuesday morning that they have reported to the Securities Commission- to protect them. They have also enlisted The Edge - their running dog/poodle to to run down TOP GLOVE- and also to warn the Malaysia public to not bully the HARDCORE CROOKS. What a sick ' The Edge".LOL.
Posted by treasurehunt > Jan 30, 2021 11:44 AM | Report Abuse
Retailers are assembling in Telegram. The number is hitting 40k now. Shorties are shivering after knowing the big crowd forming.
Stock
2021-01-30 11:41 | Report Abuse
A COMPARISON BETWEEN HARTA, TOP GLOVE & SUPERMAX.
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Name...............share price.......latest Q.............previous Q............TPE
Supermax..............6.80...........41.14sen...........30.58 sen........ .... 8.0
Top Glove..............6.74........ ..29.64sen............5.95 sen...............13.4
Hartalega.............12.86....... ..29.31sen............15.95 sen..............23.4
Average................................................................................14.9
Based on the above comparison Supermax offers the best Value with a Trailing PE of 8 times
SUPER EARNINGS FOR THE LATEST 4 QTRS- 2.31+5.42+30.58+41=79.31 sen
79.31 X 14.9 = RM11.80
SUPERMAX VALUATION SHOULD BE RM11.80.
FOR THE RECORD -SUPER registered a record PAT of RM1.08 billion -latest Quarter.
Stock
2021-01-30 10:58 | Report Abuse
Supermax quarterly net profit tops RM1bil -SUPER GEM
==============================
CORPORATE NEWS
Friday, 29 Jan 2021
KUALA LUMPUR: Supermax Corp Bhd joined bigger rival Hartalega Holdings Bhd to post RM1bil net profit in one quarter, propelled by rising glove prices amid robust demand for the protective gear.
The Group’s revenue and profit after tax in the three-month ended Dec 31 expanded by 47.8% and 32.9% respectively from the immediate preceding quarter, as new Covid-19 cases around the world continued to climb.
"The Average Selling Prices (ASPs) are continuing to trend upwards and the highest ASPs have not been reflected in this current quarter," it said in a statement today.
"We are optimistic that our original brand manufacturing (OBM) cum Distribution Business Model will exhibit even healthier and stellar performances in the coming quarters," Supermax said.
On its overseas operations, Supermax said it is reinvesting the earnings derived from its distribution centres into the respective countries in particular in the US and the UK.
"The capital expenditure earmarked for the US is US$300mil for phase #1 and US$250mil for phase #2 making total of US$550mil," it said.
Supermax said Plant #18 in USA would kick-start in 1H2021 and target to commission in stages starting 1H2022.
"We have shortlisted several suitable manufacturing site for plant #18 in the US and is currently working with State and local county for various infrastructural support," it said.
"As for Plant #19, we are still studying the suitability of the manufacturing site and it would require more time to identify the site since the UK has imposed restriction of movement control for visitors," it added.
Stock
2021-01-30 10:05 | Report Abuse
REINVESTING FOR FUTURE SUSTAINABLE EARNINGS
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Supermax announced record profits of PAT of RM 1 .08 billion or RM0.41 sen earnings per share for the quarter.
This leaves Supermax with a Trailing PE of just 8 times.
(2.31+5.42+30.58+41=79.31 sen)
6.80/78.31= 8 times PE
SUPER is good value buy.
More information on supermax-
1> Demand is more than supply by a quantum of 120billion for at least 2 years. Demand increase by 15% - 20% y-o-y. Higher and higher earning in coming quarters. If you think RM1B+** is a lot, wait till you see what is installed in coming quarters. "Highest ASP have not been reflected in current quarter" as taken from today's interim financial statement.
**Please note that there was an additional RM270M incurred under category of "Other Cost & Expenses" and quite likely one-off cost. Otherwise, PAT may be close to RM1.3B. So, that would give you a hint on the PAT in coming quarters with even higher ASP, and with additional capacity coming online progressively i.e. from approx 26 billion pieces to 36.5 billion pieces.
2> King of OBM model, *** huge profit margin ***. Highest among its peers, significantly higher or more than 20%.
NOTE : Theoretically, Manufacturer price is merely 20% of market price while Distribution is about 80% of market price. With OBM model, Supermax is making distribution income as well which is several times higher than manufacturer's margin per se.
3> Production will increase to around 36.5B by end of 2021 as compared to 21.7B in 2019 or pre-Covid, and eventually 48.5B by end of 2022. That is almost 2.2X compared to pre-Covid (excluding additional huge capacity coming fom US/UK).
4> New Beyond Mask business in Canada, that will set the standard in mask industry, just started in Q4 2020.
5> US$550M glove factory in US to capitalize the "Make in US" glove, thus sustainable high margin business model. 50M pound factory in UK to supply to Europe.
6> Improve plant efficiency, reduced labor, thus improve profit margin.
7> Adoption of energy efficient system (biomass) and Solar, thus improve profit margin.
Utility or energy and labor are the next 2 biggest cost contributor apart from the raw material (latex/butadine)
8> SMETA/SEDEX member, audited and certified. ESG is gaining importance in stock valuation.
This company is cash rich. Single P/E of 8 times, high profit margin, growing capacity, bright future with overseas expansion and entrants in new product/technology. US alone account for more than half of Supermax market, at present. It has all the criteria to attract foreign funds.
Stock
2021-01-30 09:28 | Report Abuse
Bloomberg
29 Jan 2021
The manic ride in GameStop Corp. sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers — one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and is already boasting more than 4,800 members. The moderators of the group have defined it as the “Malaysian version” of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. The discussions so far have centered on glove makers and calls to rally against institutional investors who have kept valuations of the sector low.
Shares of Top Glove Corp. jumped as much as 15% on Friday, the most since Sept. 11. Rival Hartalega Holdings Bhd. surged as much as 10% while Supermax Corp. climbed as much as 9.2%.
Glove makers have been among the most-shorted stocks in Malaysia since the nation lifted a ban on short selling at the start of 2021.
Stock
2021-01-29 21:16 | Report Abuse
SUPERMAX-OVERSEAS EXPANSION
==========================
INVESTMENT IN MANUFACTURING OF PPEs IN USA, UK & CANADA
• Building manufacturing of PPEs closer to customers
• Vulnerability of disruption of PPE supply chain from over dependence on imports is a primary concern to governments around the world
• Reinvestment of earnings from distribution centres where Supermax operates
• Allocation of US$300 million in Glove manufacturing in USA for Phase #1 and US$250 million for Phase #2
• Allocation of £50 million in Glove manufacturing for supply to government and certain European countries
• Plant #18 in USA and Plant #19 in UK
• Facemask manufacturing in Canada, started commissioning since September 2020
• Millions of made in Canada face masks have been delivered to the government of Canada
Stock
2021-01-29 21:02 | Report Abuse
Correct ! Bro Ajil- those not holding Supermax shares also complaining about the low dividends- Absolute clowns. LOL.
Yes, always compare dividend yields as opposed absolute dividends.
Posted by Agjl > Jan 29, 2021 8:53 PM | Report Abuse
Harta trading at 12.50 giving 6 sen....nobody complain. Super trading at 6.80 giving 3.8..complain like hell.. even those have no holding also complain as if they hold million shares. Wakakakak
.what is the yield for harta and super? My maths not good
Stock
2021-01-29 20:47 | Report Abuse
INVESTING FOR A BRIGHT FUTURE.
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Supermax announced record profits of PAT of RM 1 .08 billion or RM0.41 sen earnings per share for the quarter.
This leaves Supermax with a Trailing PE of just 8 times.
(2.31+5.42+30.58+41=79.31 sen)
6.80/78.31= 8 times PE
SUPER is good value buy.
SUPERMAX will be investing big money for the FUTURE, just bear with the 3.8 sen dividend.
Building 2 factories, one in Delaware and one in UK will cost a substantial amount of money approx RM3 billion plus.
Just wait for the good news from Delaware-USA.
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SUPERMAX, investing for a bright FUTURE- Ahead.
Stock
2021-01-29 15:47 | Report Abuse
BBC WORLD - World wise Publicity
Asian investors inspired by GameStop surge
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Shares of Malaysia’s Top Glove surged almost 8% on Friday as retail investors in Asia drew inspiration from the GameStop trading frenzy.
A new Reddit forum called BursaBets has been set up, describing itself as the “Malaysian version” of Wallstreetbet. The Wallstreetbets forum fuelled the GameStop share price surge this week.
Top Glove is the world’s largest producer of latex gloves, but has been hit by a Covid-19 outbreak at its factories and labour abuse allegations.
The GameStop share-buying frenzy has been billed as a battle between Wall Street professionals and young, often novice, investors using social media platforms such as Reddit.
"Whoever is still holding gloves (has) already been through hell, join me by saying 'eff you' to investment banks, fund managers, market manipulators, and everyone else," said an user called '_Revenant_' who started the BursaBets forum.
Unlike GameStop, which is a loss-making bricks and mortar retailer, TopGlove is a profitable business.
The Covid-19 pandemic fuelled demand for gloves, which pushed the company’s share price 290% higher last year.
Although the company reported a record profit in December, its share price has fallen 40% since August as Covid-19 vaccines became available.
Stock
2021-01-29 14:23 | Report Abuse
Be patient Folks - Top Glove will close above RM6.80 today. Just relax and HOLD on to those precious GEMS aka Top Glove.
SQUEEEEZEE the SHORTIES BA--S.
Stock
2021-01-29 08:44 | Report Abuse
The NASTY SHORTIES- JP & CO - THE GAME MUST STOP TODAY- JUST PACK UP & LEAVE, YOU DIRTY CROOKS.
EPF, YOU SHOULD LEARN TO PROTECT THE PRIDE OF MALAYSIA- GLOVE MANUFACTURERS. INSTEAD YOU SOLD YOUR SOULS TO THE DEVILS. PATHETIC CLOWNS. ALWAYS KOW TOW TO THE ANG MOS- MALU LAH.
Stock
2021-01-28 23:09 | Report Abuse
LATEST ON REUTERS
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Inspired by GameStop, Malaysian retail investors look to prop up medical glove shares
KUALA LUMPUR, Jan 28 (Reuters) - Malaysian retail investors are looking to buy stocks of medical glove makers to drive up their share prices and squeeze out short sellers, drawing inspiration from the recent rally at U.S. firm GameStop Corp .
“Whoever is still holding gloves (has) already been through hell, join me by saying ‘eff you’ to investment banks, fund managers, market manipulators, and everyone else,” said an user called ‘_Revenant_’ who started the BursaBets forum.
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2021-01-28 23:00 | Report Abuse
Inspired by GameStop, Malaysian retail investors look to prop up medical glove shares
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KUALA LUMPUR (Jan 28): Malaysian retail investors are looking to buy stocks of medical glove makers to drive up their share prices and squeeze out short sellers, drawing inspiration from the recent rally at US firm GameStop Corp.
Shares of GameStop have surged 1,700% in just two weeks as amateur US investors piled in and forced hedge funds to lose billions on their short positions.
The WallStreetBets forum on Reddit, where small investors discuss stocks anonymously, is seen as having fuelled the GameStop rally.
Malaysia is the world's largest producer of medical gloves, demand for which has soared due to the Covid-19 pandemic.
"Whoever is still holding gloves (has) already been through hell, join me by saying 'eff you' to investment banks, fund managers, market manipulators, and everyone else," said an user called '_Revenant_' who started the BursaBets forum.
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"We're gonna be fighting in our markets tomorrow," the user said, adding that WallStreetsBets has inspired "us to bring our market back into our control".
Discussions in the forum centered around Top Glove — the biggest glove making company — and short positions in the sector.
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2021-05-11 22:40 | Report Abuse
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