Dpharma n pharma n 6 handglove counters much more overpriced than Poh Kong n Tomei if U understand valuation...:)

Buying Poh Kong not really expect her July 30 quarter to be above average .... It is undervalued as long as 70-78 cents due to gold inventory....

Market off for 3 days , it is normal some retail investors don’t want to hold too many shares for counters already up for 2-3 days ....

If careplus can goreng until Rm3.00, Comfort should at least worth 4.80-5.00 n even the top 4 keep going up yesterday... Harta n Supermax is more overvalued than Comfort ...

From Poh Kong annual report , Poh Kong holding 560 million of inventory , that mean holding $560 million of gold at year end of 2019.... The gold price has gone up 28-30% in 2020 ( ytd), that mean those inventory value has gone up about 28% as well .... Poh Kong fundamental n yearly net profit is more solid than Tomei even though both also undervalued if below 58-60 cents ...

Oh, both Poh Kong n Tomei have gone up 55-60% in these 2 days.... thanks to gold has gone up to USD1950 per ounce ...

Normally up 30% then limit up for that day ?? Anyone have any idea?

Thanks tiny investor information n Tek Seng having poorer fundamental n 2-3 quarters of making losses ... Buying oceancash is more rational coz oceancash producing non woven n never making losses in last 3 years.... It is strange some people come in to talk negatively about oceancash....

Agree with Tuapuikia, oceancash got potential to go up to 90 cents n above ; only 2 companies producing non woven fabric / materials in Malaysia n Oceancash has better fundamental than Tek Seng ... Non woven being hot due to pandemic n the materials being used to make diaper n wet tissues

Careplus this quarter net profit of 36 mil including one off 15 million gain from selling 50% stake of Careplus (M) Sdn Bhd , that mean core business net profit is 21 mil , which is still 18-19 folds of careplus normal profit per quarter of RM1-1.3 mil ....

Non woven cloth is in high demand even though many don’t know the portion to be sold for face masks manufacturing ... only 2 companies in Malaysia producing non woven cloth/ fabric in Malaysia , that is oceancash n TekSeng.... If price about 70-76 cents should be less risky n many ppl goreng the two pharma counters , Dpharma n Pharma without understanding that the two already having rich valuation before this round goreng .... goreng the 2-3 pharma counters r irrational but still could go up more than 60-70% in this week....

Really doubt about the cimb analyst said less than 1% of oceancash revenue from
Non woven fabric being supply to face masks ; non woven segment about 40-45% of the revenue of ocean cash but how come the company only get 1-2% from face masks , the balance of 96% from diaper n others .... feel sceptical n doubt about Cimb analyst claims since 3 months ago ....

Pineapple, U r wrong to assume I stated oceancash is making face masks ； my statement was it is the only Malaysian company making non woven materials( which is being used to produce masks n diaper ) ... but another company Tek Seng also producing non woven materials...

I know this counter the only main producer of non woven materials ( for making masks n diaper ) in Malaysia n if about 60-65 cents , it got potential to go up ... But kind of surprised that gone up 27-28% today ....

Tuapuikia today said don’t sell cheap n holding it until going up to 80 cents n above... then suddenly after 3 pm then gone up dramatically... hehe

Oceancash the only Malaysian company producing non woven cloth for masks n diaper but many ppl don’t know about that ... if not being recommended by investment banks n research firms, maybe only remain at 56-64 cents for next few weeks ....

Comfort is smallest among 5 handglove counters.... not sure next quarter profit can increase 100-150% from the average of last 2 quarters net profit or not .... Maybe fair value just 3.60-3.70....

The Investment banks keep giving higher n higher target price for Topglove n Supermax, it is kind of ridiculous to give target price of RM19.50 to Supermax n RM31-36 for Topglove..... they even update n raise TP every week to boast confidence level of speculators n retail investors...

Supermax is the most overpriced among the top 4 handglove counters; be double cautious for Supermax coz it is the fourth largest in Malaysia but its share prices have gone up 10 fold in less than 5 months n it is impossible to have next quarter profit to be 3 times of the average profit of last 2 quarter to justify the 1000% increase in share prices in last 2 weeks ...

What KYY said about Topglove?

Why CIMB as the most reputable investment bank follow Kenanga style of giving TP every week or every 10 days ? It is quite ridiculous to give target price every week to inject confidence level to those speculators/ investors.... it looks like they keen to raise TP every 10 day in order to push up those counters .... Supermax need to wait for her next quarter result to justify the 9-10 fold share price increase in 6 month time ...

The government should reduce duty to those cigarettes in order to address the issue of 70% illicit cigarettes in the country ; if the legal cigarettes can be reduced by RM1.50 per box , plus more strict to catch the smuggling of illicit cigarettes, the highest percentage of illicit cigarettes in bad reputation can be improved a lot as well ...

Supermax n Harta r too expensive n have reached crazy prices zone ; it looks like Comfort n Kossan still in reasonable price/ valuation, Comfort should be able to reach RM4.25-4.30 n above next week ...

Supermax has gone up too fast in last 20-30 days , most expensive among the 5 handglove counters.... It need to have 300-350% increment in profit in next quarter ( compare to last 2 quarters) to justify the expensive share prices ...

Those investment banks only looking at profit of 2020 n 2021 to set target price of RM28-31? What happened after June of 2021 if vaccines are being produced ?

Harta is overpriced n only Top glove can have 250-300% increase for net profit for next 2 quarters ( year to year), Harta don’t think can have more than 150% increase for net profit for next 2 quarters ( year to year comparison).. Harta TP still RM14-15, already expensive now ... Kossan is undervalued among top 4 counters ...

KNM having not bad result in last quarter; it is quite attractive price if 21 cents n below 21 cents...

Which uncle say Supermax is good ? Harta the most expansive among 4-5 handglove counters..

Kenanga is crazy to give target price of RM17-18.... Harta can’t have 200% increase of profit for next 2 quarters...

Don’t think Harta will have extra good net profit next quarter but agree that Supermax is overvalued as well unless Supermax can maintain good quarterly results for next 2-3 quarters ... If comfort drop to below RM2.70 n below , its potential to go up is even better than Supermax , Kossan n Harta ....

One of the 2 largest shareholders have sold more than 3 million shares ( in 2 weeks time) but we need to see the MR Lau will continue to sell in large quantity in near term or not... It is normal to sell few million shares during good share prices even though Topglove largest shareholder didn’t sell much in last 1 month ...

Topglove quarter result is super good n it is exceed the estimation of many investors n analysts but for comfort , the quarter was 30/1- 30/4 which only having 2 months of high demand of gloves ... For 2.8 cents EPS for latest quarter, many investors can bravely estimate the company can have yearly EPS of 13 cents n above .... with reasonable valuation of PE of 24-26, Compact should worth 3.15-3.40 ... If being goreng again , may shoot up to above 3.70...

When is the quarter result coming out ? Next few days ? KNM may drop back to below 20 cents ...

Don’t sell below RM3... from the quarter result of Topglove, many globe counters will have more than 70-80% improvement in profit in next 2 quarters ; even the handglove counters taking rest for few days due to KLCI heading down , those speculators will goreng again after few days.... not many counters with ok result that can be goreng in KLCI...

US market future dropping 1.8% n KLCI also has dropped to 1552.... Even though Topglove reported very good result , 4 handglove counters being adjusted down this afternoon ...

What happened to Comfort? Price collapse in these 2 days ... quarter result is going to be out next 2-3 days ??

Something is wrong , maybe big fish press down the prices to collect ... When the next quarter result out ? After 15-17 of June ? The worry is 2 large shareholders have been selling since 2 weeks ago but by rational thought, comfort quarter result should be Ok for high demand of gloves of last 2months .... strange

When is KNM next quarter result out ??

Rumour said the government will impose export tax / windfall tax on gloves ? Kossan is cheapest among the top 4 counters...

Target price of RM7 by Kenanga is big difference from MIDF n Affin Hwang of RM4 n RM5.... It looks like Kenanga adjust up more than RM1 for TP every 2-3 days ....

Thanks to Kenanga n other research centres which give higher target price than RM12-13, which have made more retail investors to be over optimistic n think the near term can be improved by 100% for Top glove n the other major glove manufacturers... They need to face capacity constrain n also competitors in Thailand n China will boast up their production as well ...

Can the net profit of Top Glove rise to RM1 billion in 2020 from RM380 mil in 2019? Big doubt about 100-150% jump of the profit ... Top optimistic from the retail investors n Kenanga research centre for the target price ....

Kenanga is below average research centre n always give super high n fancy target prices for stocks ... be cautious...

After RM10.50 still chasing this super expensive counter with minimal growth in profit in last quarter, sound irrational n crazy ....

What good news to push up so much ??

Feel big doubt why RHB research put target price at RM13 n make more retail investors to chase the pricey Topglove n Harta ...

Unbelievable day, 4 handglove counters plus 2 more small cap handglove counters have gone up more than 24-25% in these 2 days ...

What trigger the fierce rise in these 2 days ? Target price of Maybank? Unbelievable....

If the top management of Oceancash doesn’t take this golden opportunity to increase 3-4 folds non woven material to mask manufacturers at Malaysia, is kind of unwise ; still feel doubt about 1.5 months ago an article by CIMB analyst that only 2% of her revenue for the non woven materials for surgical masks....

This company is undervalued at 31-34 cents n it is strange that the company is producing non woven materials for masks n diaper but keep dropping since 1 month ago..