With the looming STRICT lockdown that may begin on the 4th Feb- the SC will be forced to suspend RSS soon.

This will send chills down the spine of Short Sellers- particularly JP Morgan.

They will be short squeezed to death- metaphorically speaking.

With the looming STRICT lockdown that may begin on the 4th Feb- the SC will be forced to suspend RSS soon.

This will send chills down the spine of Short Sellers- particularly JP Morgan.

They will be short squeezed to death- metaphorically speaking.

@Toneefa- fully agree with you.

The timing for Supermax SBB may be better than TG. Likely this SBB will be supported not only by share and cash dividend combined, but also unprecedented long term supply contract with attractive ASP to boot and news on further progress on the SGX dual listing.

Not forgetting to mention the record supernormal net profit , likely to surpass RM 1.3b ( including the N99 mask and contact lens profit).

Supermax as we have said many times over before will be the KLSE EPS champion in 2021 with unprecedented PAT margin in the history of KLSE.

And most importantly, at the background is the unstoppable and relentless global advancing of Covid and its many mutants, threatening more deaths and maybe even capable of escaping the current batches of vaccines.

This factor will make our Big4 more attractive. So maybe one or two deals may happen.

SUPERMAX poised to play a big role in Biden's Rescue Plan.
-------------------------------------------------------------
Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US.

“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned.

On another note, President Biden has included in his Rescue Plan a US$30 billion (~RM120 billion) expenditure for protective gear, out of a total allocation of US$415 billion. Supermax will
capitalise on the ' Use Made in USA Gloves' drive encouraged by the Biden Administration.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

A listing on the NYSE ? May be in a few years time.

Hi Ben Interesting news..thanks.

Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US.

“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

Supermax is going to capitalise on the 'Made in USA Gloves' that will be pushed by the Biden Administration.

Putrajaya mulls total economic shutdown after Feb 4 if Covid numbers don't improve.
-------------------------------------------------------------------------------
Sunday, 24 Jan 2021 10:39 AM MYT

KUALA LUMPUR, Jan 24 — Putrajaya is set to announce a total economic shutdown after February 4, should the number of Covid-19 cases in the nation continue to not show any improvement, the EU-Malaysia Chamber of Commerce and Industry (Eurocham Malaysia) said in a letter issued to its members.

The letter detailed a summary of Eurocham Malaysia chief executive Sven Schneider's meeting with the International Trade and Industry Ministry (Miti), which mentioned that the Ministry of Health (MOH) “has made a clear stand on the matter of a complete shutdown of the economy”.

“Should the infection rate not decrease, the Malaysian government will announce a shutdown/strict lockdown immediately after February 4, 2021. This is the current situation we are facing and Miti is appealing to all companies, foreign and local, to join the effort of reducing infections breaking the chain, to keep the economy open for business,” the letter further read.

https://www.malaymail.com/news/malaysia/2021/01/24/putrajaya-mulls-total-economic-shutdown-after-feb-4-if-covid-numbers-dont-i/1943475

Even if you assume Supermax cannot increase its selling price for the whole year, its annual EPS should be 4 X 30.58 sen = Rm 1.22 per share. Based on PE 10 its share price should be Rm 12.20. The last traded price was Rm 6.53.

.
.
Bro Gemfinder,

Even if you assume Supermax cannot increase its selling price for the whole year, its annual EPS should be 4 X 30.58 sen = Rm 1.22 per share. Based on PE 10 its share price should be Rm 12.20. The last traded price was Rm 6.53.

Hope you Agee with me Bro Germfinder.

Supermax is the real GEM right?

The Biden administration spells good times for the Malaysian gloves (and especially for TG and Supermax):

https://klse.i3investor.com/blogs/bursainvestments/2021-01-23-story-h1...

Gemfinder- Always respect your elders especially someone old enuf to be your grandfather. it only reflects your upbringing.

THE UNDERVALUED GEM in BURSA
-------------------------------------
Supermax will be announce record profits in a week or two- a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the quarter.

This will leaves Supermax with a Trailing PE of 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.53/78.31= 8 times PE

SUPER is so undervalued- Thats why DS Stanley Thai SBB Supermax yesterday -


Just wait for the good news from Delaware-USA.

..

@Everybodyhuat - Fully agree with you.

Msia reporters are culprits who enjoy covering ugly news on TG but never report the good.

Msiakini is one, made no mention of TG on 9000 jobs offer but then repetitive days of highlighting every single news on workers lodging and infections. Their new bunch of editorial crews are disgusting. Keep bashing local companies without considering their words will kill off local industries. Ultimately do they want to see Msia a failed state?

Even the nasty focusMsia or the paid by villain Edge did mention the positive side for TG. Msiakini mention none. No doubt that some of these agencies collaborate with foreigners to bring down Msia. Be careful with their fork tongue news.
--------------------------------------------

Malaysiakini, Focus Malaysia & The Edge collaborate with foreigners. All sold their souls to the devil- especially JP Morgan.

Be careful with their fork tongue news.

This Icon8888- .- Certainly not the REAL icon88 we respect.

DS Stanley Thai was happily collecting the cheap tickets via a Share Buyback exercise -8,151,600 shares .


SHARE BUYBACK BY SUPERMAX TODAY IS A PRELUDE TO MORE EXCITING TIMES TO COME
-----------------------------------------------------------------------
THE GOOD NEWS MAY BE AS FOLLOWS :-

1- MAY HAVE SECURED A MULTI BILLION CONTRACT WITH THE BIDEN ADMINISTRATION

2- RECORD PAT OF AT LEAST RM1.1 BILLION

3- SG EXCHANGE LISTING PLANS

4- FACTORY IN DELAWARE TO SUPPLY GLOVES & MASKS TO USA STRATEGIC RESERVE


ABOVE ALL - DS STANLEY THAI IS TELLING ALL OF US THAT SUPERMAX IS ABSOLUTELY UNDERVALUED.

BY THE WAY THIS SBB IS REMINISCENT TO THE ONE DONE IN APRIL 2020- WHERE SUPERMAX SHOT UP IMPRESSIVELY. RIGHT AFTER THE SBB .

BE PATIENT. FOLKS


RM10-88 - coming soon for CNY.

Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US", according to Supermax's stock exchange filing today.

“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned,” it said, but did not elaborate.

The group said the proposed capital investment will be financed through a combination of internal funds and bank borrowings, the ratio of which will be decided later.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

An Upgrade on SUPERMAX is imminent.

SHARE BUYBACK BY SUPERMAX TODAY IS A PRELUDE TO MORE EXCITING TIMES TO COME
-----------------------------------------------------------------------
THE GOOD NEWS MAY BE AS FOLLOWS :-

1- MAY HAVE SECURED A MULTI BILLION CONTRACT WITH THE BIDEN ADMINISTRATION

2- RECORD PAT OF AT LEAST RM1.1 BILLION

3- SG EXCHANGE LISTING PLANS

4- FACTORY IN DELAWARE TO SUPPLY GLOVES & MASKS TO USA STRATEGIC RESERVE


ABOVE ALL - DS STANLEY THAI IS TELLING ALL OF US THAT SUPERMAX IS ABSOLUTELY UNDERVALUED.

BY THE WAY THIS SBB IS REMINISCENT TO THE ONE DONE IN APRIL 2020- WHERE SUPERMAX SHOT UP IMPRESSIVELY. RIGHT AFTER THE SBB .

BE PATIENT. FOLKS

Well spotted WarrentG- Accumulation stage now

Posted by warrenG > Jan 22, 2021 3:34 PM | Report Abuse

This morning session i said someone accumulating at RM6.5 now i said someone is accumulating RM6.7, ride while u can..

Posted by Goldberg > Jan 22, 2021 3:00 PM | Report Abuse X

USD 30 billion for PPE- Including GLOVES- US National Strategic Reserve- Approved.
--------------------------------------------------------------------------
The Biden Administration can make an offer to take over SUPERMAX at RM15-00- And it will only cost them USD10 billion. Its whether Stanley is interested in cashing out. I think he would if the offer is above RM25-00 per supermax share.

Another logical and cheaper way is to hire Goldman/JPM to mop up SUPERMAX shares gradually from BURSA up to 32% and thereafter make an attractive General Offer for the remaining shares.

SUPERMAX shareholders are in for interesting times.
-----------------------------------------------------------
Posted by ChaseBros > Jan 22, 2021 2:25 PM | Report Abuse

https://www.statnews.com/2021/01/14/biden-request-covid-19-response/ Biden requests $415 billion from Congress to ramp up the country’s Covid-19 response

The massive plan, outlined in an address Thursday evening, would allocate $20 billion for a national vaccination program; ***** $30 billion for purchasing supplies and protective gear *****;

What is the 200 day moving average rule?

The 200 day moving average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days and can be applied to any security.

Correct @skcheah

Those who spread misleading facts that if vaccines work and glove will decrease is those IBs and funds manager with the intention to collect gloves at a lower price.

Especially the biggest manipulator JP Morgan-

Local and foreign IBs Just want to create PANIC and collect these GEMs at Low prices.

These Evil Scums just spread LIES with the help of The Edge/Malaysiakini to MANIPULATE the GLOVE sector.

Supermax is finalising plans for its US-based glove factory- Maxter Healthcare Inc.in Delaware.
-------------------------------
USA Strategic Reserve for PPEs approved by POTUS Biden- Medical Gloves, Masks & Protective Gowns.

Supermax is also finalising plans for its US-based glove plant and the company believes it is strategic to have a glove plant situated in the US due to the proximity to its large-volume customers and raw material supply.

A Long term supply agreement is expected -USA and SUPERMAX

DS Stanley Thai to announce soon.

Thanks for the entertainment. LOL- if you can't beat em join em. lol

Posted by TeamRocket > Jan 22, 2021 11:00 AM | Report Abuse

Shortseller!!!! Still waiting for what?!?! Faster do your job!!!!

CLARIFICATION- CALL WARRANTS C77 & C88- maturity
--------------------------------------------------
1-Call warrants- c87- Expired already- No issue already.

2-Call warrant- C88

Mother share........ 6.41
exercise price........1.296
Maturity................26/1/21- (Life of 4 days only)
Premium...............0.34%

The issue don't need to PRESS the mother stock ie SUPERMAX as it is barely in the money
-Premium just 0.34%.

NO NEED TO WORRY ABOUT THE ISSUER -RHB BANK PRESSING THE MOTHER SHARE.

----------------------------------------------------------------
Posted by goldenluck16 > Jan 22, 2021 10:24 AM | Report Abuse

Be reminded, IBs will press the share price down till 26 January. Don't buy at this time. Stay away for the time being. Can sell into strength especially in the morning

IBs losing huge amount of money on the expiring C87 and C88.

Correct- Sound investment is about identifying stocks with good fundamentals- the Ibs & Shorties CANNOT silence GOOD FUNDAMENTALS- Yup, you can press SUPERMAX share price but you can never press its SOLID Fundamentals

Posted by myinvestor > Jan 22, 2021 10:05 AM | Report Abuse

Good stock investment still go back to fundamental. They are not many stocks in bursa are able to generate PAT >1b per quarter.

Well spotted @apprentice- Dartmaster -caught lying, not surprising - its his 2nd nature.

Posted by apprentice > Jan 22, 2021 9:47 AM | Report Abuse

Posted by Dartmaster > Jan 22, 2021 9:44 AM | Report Abuse

Good thing bought 6.12 then sell 6.35 just now hahaha .
__________________________________________________________________

What BS.

Low was 6.13.

Caught lying the Dumbmaster

Posted by apprentice > Jan 22, 2021 9:49 AM | Report Abuse

Dumbmaster wanna cheat also dunno how to do it.

Really no shame, no morale standing.

Barking all the way- these naysaying clowns - keep entertaining us with your amusing antics. lol.

Posted by YayorNay > Jan 22, 2021 9:14 AM | Report Abuse

" Peculiar behaviour - Naysayer seems to claim to know everything, Have the biggest pocket, Made the most from Stockmarkets, Influencial person and etc, yet they are here day and night barking at the moon. "

Many thanks @gloves63- welcome to the forum.!

Posted by gloves63 > Jan 21, 2021 11:56 PM | Report Abuse

I would like to take this opportunity to thanks all the hardcore fans like goldberg and glovers for providing positive and constructive news on glove all these while.. I been reading this forum for more than a year anonymously and just created acc today. Thanks to them for upholding the positive mentality on this glove forum against those jokers no matter what happened.

A SUPERSTOCK with a PE of less than 8 times.
------------------------------------------------

Other global glove makers: PE Ratio vs SUPERMAX

- Intco Medical (CH).........18.6x
- Ansell Ltd (ASX).............23.2x

- SUPERMAX (KLSE).........7.8x

Supermax is way undervalued as compares to GLOBAL giants

Supermax will be announce record profits in a week or two- a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the quarter.

This will leaves Supermax with a Trailing PE of LESS than 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.11/78.31= 7.8 times PE

Yup, A SUPERSTOCK with a PE of less than 8 times.

LATEST NEWS
----------------

Biden to order agencies to use Defense Production Act in coronavirus fight
BY JESSIE HELLMANN - 01/21/21 05:00 AM EST
-----------------------------------------------------------------------------
President Biden will issue an executive order on Thursday directing agencies to use the Defense Production Act (DPA) and other powers to speed up the manufacturing of testing and vaccine supplies and other items needed to fight COVID-19.

Biden administration officials signaled they would be more aggressive than the previous administration in invoking the DPA, which allows the federal government to force companies to increase production of critical supplies during national emergencies.

“Where we can produce more, we will. Where we need to use the Defense Production Act to help more be made, we'll do that too,” said Tim Manning, Biden’s COVID-19 supply coordinator, in a call with reporters Wednesday.

Manning said his team has identified 12 immediate supply shortfalls, including for n95 masks, isolation gowns, GLOVES and swabs needed for tests.

Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US", according to Supermax's stock exchange filing today.

“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned,” it said, but did not elaborate.

The group said the proposed capital investment will be financed through a combination of internal funds and bank borrowings, the ratio of which will be decided later.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

An Upgrade on SUPERMAX is imminent.

The market is pretty irrational
--------------------------------
TODAY by all account, should be a day to rejoice for all loyal Top Glove Corp Bhd shareholders.

In its latest presentation, the world’s largest glove maker revealed that its annual rubber glove production capacity had reached 91 billion pieces as of January 2021 with demand for gloves continued to be strong despite the availability of vaccines to curb the COVID-19 pandemic- the strong demand will last for many years - with the pandemic no where in sight.

As the adage goes, the market is pretty irrational – we can blame it on the ‘shorties’ or JP Morgan for its damning RM3.50 price target (for Top Glove) & maturing Call Warrants issued by IBs. - where they will 'press the mother shares ie TG and SUPERMAX to minimise losses.

Next month onwards GLOVES is expected to stage a major rebound as most ' in the money ' CWs will be cleared and Short sellers (RSS) are expected to clear their short positions.

HARTA & SUPERMAX will be announcing explosive quarterly results in early February - this will provide a big boost to the sector.

At every dark cloud- there is always a silver lining.

Hartalega likely to see record 643% surge in earnings-

SUPERMAX will be even HIGHER and is JUST HALF THE PRICE of HARTA.
-------------------------------------------------------------------------
TheStar Wed, Jan 20, 2021

KUALA LUMPUR: Glove manufacturer Hartalega Holdings Bhd is expected to see new record high earnings for its third quarter ended Dec 31,2020 (Q3FY21), according to RHB Research.

The research unit estimated the company’s Q3FY21 earnings, which should be released in the next two to four weeks, may surge 643% year-on-year and 65% quarter-on-quarter (q-o-q) to RM900mil due to high average selling prices (ASPs).

“As Hartalega’s ASP comes from low base of US$33.80 per box in Q2FY21, the magnitude of increase is likely to be higher, ” said RHB Research.

RHB Research is maintaining a “buy” call on Hartalega, with a discounted cash flow derived target price of RM23.50.

Just accumulate at these low prices, you will win big.

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of less than 8 times.

TPE of less than 8.

The most undervalued Glove stock.

Maybank Kim Eng - Upgrades GLOVES

The reasons are because it will take quite a lot of time before herd immunity is reached, and even for vaccines which are available, they only reduce the symptoms, and not stop people from contracting Covid-19, he explained

"Our view is that you should definitely keep some glove stocks in your portfolio," said Maybank

GLOVES saves LIVES

SUPERMAX TO BUILD A MASSIVE FACTORY IN DELAWARE- USA- BIDEN's HOMESTATE
-------------------------------------------------------------------------
Supermax Corp Bhd has incorporated a new wholly-owned subsidiary, Maxter Healthcare Inc, in Delaware, US, to manufacture medical gloves and other personal protective equipment.

Maxter Healthcare's intended principal activities include "the building of a national headquarters in the US", according to Supermax's stock exchange filing today.

“The initial paid capital is part of the total allocation of US$550 million capital investment for Medical Glove Plant #18, when both Phase #1 & #2 are completed and commissioned,” it said, but did not elaborate.

The group said the proposed capital investment will be financed through a combination of internal funds and bank borrowings, the ratio of which will be decided later.

A LONG TERM Agreement to supply USA with GLOVES & PPE's.is on the cards.

An Upgrade on SUPERMAX is imminent.

@bikay - Fully agree with you.


Posted by bikay101 > Jan 20, 2021 8:31 PM | Report Abuse

For CY2020 EPS will be RM1.0
Even at PE 8 SuperMax is still way undervalued.

@ Money Makers I hope you can understand this.

Maybank Kim Eng - Upgrades GLOVES
--------------------------------------

The reasons are because it will take quite a lot of time before herd immunity is reached, and even for vaccines which are available, they only reduce the symptoms, and not stop people from contracting Covid-19, he explained

"Our view is that you should definitely keep some glove stocks in your portfolio," said Maybank

GLOVES saves LIVES

Just accumulate at these low prices, you will win big.

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of less than 8 times.

TPE of less than 8.

The most undervalued Glove stock.

Maybank Kim Eng - Upgrades GLOVES
--------------------------------------

The reasons are because it will take quite a lot of time before herd immunity is reached, and even for vaccines which are available, they only reduce the symptoms, and not stop people from contracting Covid-19, he explained

"Our view is that you should definitely keep some glove stocks in your portfolio," said Maybank

GLOVES saves LIVES

Maybank Kim Eng says to keep glove stocks in your portfolio
------------------------------------------------------------
KUALA LUMPUR (Jan 20): While glove stocks have been underperforming since November of last year as positive news flow on vaccines hit the market, Maybank Kim Eng has advised investors to hold on to some glove stocks.

"Our view is that you should definitely keep some glove stocks in your portfolio," said Maybank

The reasons are because it will take quite a lot of time before herd immunity is reached, and even for vaccines which are available, they only reduce the symptoms, and not stop people from contracting Covid-19, he explained.

Correct Stan Lee they are here spreading PANIC as they have bought a lot of Supermax PUT warrants. They make money when the price goes down.

This explains their non stop barking to instigate further selling.
-----------------------------------------------

They bought alot put warrant, so wanna make the price to go down

This might be just coincidental but:

The Commander of Defense Supply Center of the United States says the US plan "to invest a half-billion in the domestic production of nitrile gloves, used for nonsurgical purposes in hospitals, as well as the raw material for those gloves, nitrile butadiene rubber (NBR)."

https://news.bloomberglaw.com/health-law-and-business/u-s-to-continue-...

Supermax's US expansion will cost US$550 million.

https://www.theedgemarkets.com/article/supermax-incorporates-new-subsi...

Dont PANIC Glovefinish- Just accumulate at these low prices, you will win big.

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

RHB: TOPGLOV valuation at UNPRECEDENTED LOW.

Source : RHB-OSK, Price Call : BUY, Price Target : 8.45
Last Price : 6.13, Upside/Downside : +2.32(37.85%)

The Best Value in BURSA.

Just HOLD on to your GEMS.

Whole country except S'wak under full MCO 2.0 from Jan 22
------------------------------------------------
Published 19 Jan 2021, 6:12 pm
Modified 6:42 pm
A
COVID-19 | The entire country, except for Sarawak, will come under the full second movement control order (MCO 2.0).

Defence Minister Ismail Sabri Yaakob said the states of Pahang, Perak, Negeri Sembilan, Kedah, Terengganu and Perlis will join the MCO 2.0 list from Jan 22.

Kelantan entered MCO 2.0 on Jan 16.

He said this came after the average number of Covid-19 cases in those states continued to increase.

The MCO 2.0 will be for a period of two weeks, with the possibility of an extension.

Correct glove finish- thats why it is spreading out of control.

Lock down MCO 2.0 now is different from the previous lock down MCO 1.0 .

Total 3631 new cases today.

Selangor 1199 ...

Covid is fast spreading - keep safe folks.

Need at least 2 -3 months to flatten the curve at this rate.

Oops you missed this bigger Clown- Habisglove. lol

Posted by BloomBird > Jan 19, 2021 1:56 PM | Report Abuse

Luckily we got a clown name glovefinish to entertain us or else this forum quite boring leh haha

Dont PANIC Glovefinish- Just accumulate at these low prices, you will win big.

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

You are spot on Glovefinish - Super has the best value. Accumulate

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.68/78.31= 8 times PE

SUPER Value.

SUPER TO THE MAX.
-----------------------
Hartalega is selling Rm 12.42. EPS 15.95 sen for quarter ending September and EPS 6.49 sen for quarter ending June.

Supermax is selling Rm 6.69. EPS 30.58 for quarter ending September and EPS 15.19 sen for quarter ending June.

Based on the above comparison Supermax is very much under price. It deserves a much higher rating.

As you can read from RHB’s buy recommendation that due to Covid 19 pandemic the demand for gloves far exceeds supply and all the glove makers can easily increase their selling prices to make more and more profit. Unfortunately, many investors are rushing to sell their holdings because they are afraid the vaccine will work like a magic wand to stop the Covid 19 pandemic.

There are many smart investors and Investment Banks taking advantage of the buying opportunity to collect more glove stocks especially Supermax- instead of Harta.

Top Glove valuation at unprecedented low — RHB IB

January 18, 2021 13:49 pm +08

KUALA LUMPUR (Jan 18): Top Glove Corp Bhd shares are trading at an unprecedented low price-to-earnings ratio (PER) of 4.9 times based on estimated earnings for the current financial year ending Aug 31, 2021 after what analysts believe was overdone selling on the stock as investors weighed the rubber glove manufacturer’s outlook against the global Covid-19 pandemic and usage of vaccines to curb the spread of the outbreak.

In a note today, RHB Investment Bank Bhd's (RHB IB) Alan Lim wrote that at Top Glove’s last closing share price of RM6.42, the stock's price has declined by 33% from its recent peak.

"With long-term glove demand growth remaining intact — even after Covid-19 ends — we believe that the selling on Top Glove shares is overdone.

"Recall that in 2011, after H1N1 ended, glove demand declined by only 1% year-on-year (y-o-y), and resumed its growth until today,” Lim said.

According to Lim, Top Glove’s FY21 estimated PER has fallen to 4.9 times from 143.86 and 32.68 times in FY19 and FY20 respectively.

Public Bank is still the best Bank in Malaysia. Accumulate on weakness.
------------------------

Malaysia bank associations say ready to extend repayment assistance in light of MCO 2.0
Author: savemalaysia | Publish date: Mon, 18 Jan 2021, 12:37 PM

KUALA LUMPUR, Jan 18 — The banking industry stands ready to assist borrowers/customers in light of the reintroduction of the movement control order (MCO) in a number of states and federal territories.

In a joint statement yesterday, the Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said banks will continue to extend repayment assistance, including an extension of existing moratorium where applicable, to individuals who have been affected by the MCO.

They said banks have also announced an extension of the repayment assistance for victims of the recent floods in several states. Please contact the banks to request for targeted repayment assistance.