Some fund house which had been behind curve in seeing the growth in gloves industry is now trying to pretend that they are now ahead of the curve by downgrading the sector after just a few months !

Reuters reported that 3 cases of COVID-19 re-infections have been reported.....in Hongkong, Belgium and Netherlands..... and more cases are expected. This means that vaccines will be ineffective..... the virus is mutating fast....

Supermax will definitely be included in the main KLSE Composite index soon and major fund managers will have to include it in their investment portfolios.

Actually Supermax's OBM model is something that no other gloves company can beat. It's in their corporate DNA.

Supermax net profit is higher than Topgloves net profit !!!!

Supermax profit exceeds Topglove's profits....!!!!!! Supermax should be world number 1, not Topglove......

Americans too busy with election campaign.....no time for rubber gloves issues.

We shouldn't make investment decisions just based on one quarter's results. Think about the future quarters as well..... the longer term. Will they be good as well or get even better? One quarter is too short sighted.

KYY tells you to sell Supermax and buy Topglove.........why? Bcos he already did so earlier and he was wrong. Supermax OBM business model is much more superior than Topglove OEM model. KYY is silent on this fact.

stockpip No vaccine in sight, Covid still on the uptrend, depressed price of raw materials...my friends, today is the day to accumulate, not sell. But I can tell you, despite the bull run on glove, a lot of people are losing money.

The Russian "vaccine" is untested. They want to offer to Philippines first as guinea pigs..... the Filipinos will not accept the offer. The Russians should vaccinate their own people first before offering untested vaccine to others.

TG lost its market share in the US.

KYY already sold and switched back into Supermax....he will write in his blog soon..... and then he will say sorry to Topglove players.

KYY may tell a new story that Supermax is better than Topglove bcos of OBM margin and US import ban on Topglove...... but he will quietly switch into Supermax first.

If bubbles are simply defined by any spectacular stock price rises, then Apple, Amazon, Facebook, Berkshire Hathaway are also bubbles.

Most people equate the spectacular price rise in gloves stocks as a bubble..... like the dot com and tulip bubble. But there's an important difference......a bubble is only a bubble if it's not backed by equivalent profits. The dot com bubble was backed mainly by hype and no real profits ( however tech profits have finally arrived today, after 20 years)........ tulips bubble also was not backed by profits but that was centuries ago.
Today, the "gloves bubble" and the " tech bubble" ( FAANG stocks) may not be real bubbles.....they are backed by solid earnings.

We need to talk about KYY bcos he's all in into Topglove......his single counter bet, like JAKS.

KYY dumping Topglove ?

If any of you trust KYY and OTB, then you will die poor....this is based on past history.

All great men help small people...... All small men exploit ordinary people.

KYY always wants to kill small investors to benefit himself.

Let him go and kacau Topglove......

KYY will be buying back Supermax at higher prices than he sold...... that's if he wants to buy back. Otherwise he can forget about Supermax altogether....... which will be good for all Supermax shareholders !

There's nothing wrong with Supermax...... just someone is profit-taking.

There's unfounded fear of vaccine development and windfall taxes..... vaccine is very far off and windfall taxes are unlikely.

Supermax has the best profit margin of all the glove companies.....

More good news coming....... like Special Dividend and distribution of frre treasury shares. Don't sell yet .

Now we all know why KYY started talking at length about tulips and Holland ! He got it right.....!

He doesn't suddenly talk about tulips for nothing !!!!

KYY talk about tulips today is a message to you that gloves stocks are equivalent to the tulips mania of the 17 th century.......so, he's telling to SELL !!!!!!!

He's a very smart cookie.

KYY already sold....... he's wants you to sell so that he can buy back very cheap !!!!!!!!!!!

So..... THINK!

KYY' s primary interest is in himself......why should he care about I3investors , whom he doesn't even know personally ??????

Of course, don't simply treat KYY as God......... he's far from God.

Why KYY suddenly talk about tulips ? It's to remind you of that gloves are overpriced.....( he already sold earlier).... he's reminding you of the tulips mania of the 17th century.

Why KYY talked about tulips ? Bcos he's reminding you of the tulips mania of the 17 th century.......where a tulip can cost more than a house. That's the message....SELL.....!!!!!!!!!

KYY 's message is very simple..... he's saying that this gloves crazy rally is the " Tulip mania" of the 17 th century...... which means " SELL " !!!!!!! His message is very simple and very clear...... those who don't get his simple message are stupid! ( Of course , he already sold earlier .... he's safe !!! ).

The whole investment community is waiting for a big correction in the gloves stocks........ so that they can enter or re-enter at a cheaper price. But the problem is that nobody can accurately forecast the top price for them to sell, such that they can buy back at a lower price. That's also a pretty tough call...... bcos, after you sell, instead of falling, it might go up even further. Unless you are lucky.

Their products are directly used in the treatment of COVID-19 patients:
It should be noted that several key products of SMP are utilised in critical medical devices that are needed in the treatment of
COVID-19 patients. Among the critical medical devices are disposable bronchoscopes, which are used in the first line of lung
treatment for patients with suspected or confirmed COVID-19 infections, and the critical care monitoring cable that is presently
being used for COVID-19 patients in the Intensive Care Unit.
The fact that SMP is also a key customer of STB’s wires and cable manufacturing business is also a major plus point for the
Group. This is because an increase in product orders for SMP on the back of higher demand for medical devices, will also mean
increased orders from SMP to STB’s wires and cable manufacturing business.

Extract from relevant section of the annual report :MANAGEMENT
DISCUSSION AND ANALYSIS (Cont’d)
Outlook for FY2020
We are cognizant of the fact that the global business environment has been significantly shaken by the COVID-19 pandemic
and the containment measures introduced by governments globally to deal with the virus outbreak. Terming the current crisis
as the “Great Lockdown”, the International Monetary Fund forecasts the world economy to contract by 3% in 2020, which is the
worst performance since the 1929 Great Depression. In the case of Malaysia, the Washington-based organisation projected
Malaysia’s economy to contract by 1.7%, as compared to a positive growth of 4.3% in 2019. Inevitably, global economic
slowdown and supply chain disruptions will have a negative impact on domestic business sentiment and consumer purchasing
behaviour. Additionally, the long Movement Control Order (MCO) imposed by the Malaysian government from March 18, 2020
to May 4, 2020 and Conditional MCO thereafter until June 9, 2020 will also further drag down local economic activities.
Amid such a challenging environment, the Group will not be spared from seeing some adverse impact as a result of the current
economic crisis and the COVID-19 outbreak. The operations of STB and SAC will be affected on three fronts namely, curtailed
production levels during the MCO period, shortage of raw material supply and the decline in the overall demand for cables and
wires, especially from automotive sector customers. Taking these factors into consideration, we estimate that the revenue of
STB and SAC will drop by about 20% in FY2020.
Fortunately, the Group could offset the lost revenue, and in fact record stronger sales, on the back of its medical device cable
manufacturing business through SMP. Being a beneficiary of the COVID-19 pandemic, SMP has seen a surge in demand for
cables used in the manufacturing of medical devices that are critical to treat affected patients. With a stronger business volume
from existing and new clients, we are confident that SMP will help the Group sail out of troubled waters. In addition, with several
new products in the pipeline for 2020, this will provide further boost to the Group’s financial performance. Overall, we expect
SMP’s revenue to increase by 30% to 40% in FY2020.
Moving forward, the Group remains focused on achieving its long-term goal of being a global OEM player in the automotive
cables and medical devices industry. Supported by the Board of Directors’ visionary direction and the Management’s continued
efforts to drive business without compromising on corporate governance, the Group is sanguine to record another year of
remarkable financial performance, even as the global business environment is hit by the COVID-19 pandemic.

Most investors never read the annual report so they don't know the details.
Page 19 of the annual report under Management Discussion and Analysis :
"Outlook for 2020."
" Overall, we expect SMP (Supercomal Medical Products)'s revenue to increase by 30% to 40% in FY2020."
Only its automotive cable segment revenue will drop by about 20% in FY2020.
" The Group is sanguine to record another year of remarkable financial performance,even as the global business environment is hit by the Covid-19 pandemic."
By the way, SMP contributes about 90% of the total profits of the Group.

Malaysia's the world's largest producer of rubber gloves but people don't know that Malaysia's also the world's largest producer of medical catheters.

LTAT not allowed to vote...... they are an interested party.

Dow Jones up 1000 also have nothing to do with Bstead.

It seems like Bahvest was heavily promoted for the past 3 years by certain unscrupulous parties and persons who even did some site visits so as to impress people. This is the result today. Remember them.

How many years had the daylight robbery been taking place?

Why waste your time and money on Bahvest when the rest of the market like rubber gloves etc are booming like mad? Why? Who promised you great returns from Bahvest? Who?

Since minority shareholders are mostly unhappy with the offer price of 80 sen (which is already very generously above the pre-announcement market price), the privatisation offer may likely fail to get approval from minority shareholders and likely to be called off.

And if it's good news, usually they announce early.... that's the usual behaviour.

Usually if bad news or not so good news, the QR results will be pushed to very late.