In short, last year all big boys managed to unload their shares (which they entered earlier b4 Covid 19) at historical high prices (using Bonus issues etc) to retailers

Bear in mind that the number of retailers in all glove co increased by 200% to 300% in 2020

Feel free to compare their annual report between 2019 n 2020

Without the Big Boys selling (I meant IBs n Bosses n GLCs) price can plunged by 70% fm the peak wiping off RM billions of mkt cap meh

Even KYY cant do so lah.

Blame JPM, blame JPM Macai, blame naysayers, blame Rss4%...

Still prices are coming down...

But at least here better than the Glovetards in Supermax...they keep on reporting abuse on negative comments n make them disappeared...Like Ostrich

U guys r really living in denial....too hefty of paper loss?

Wishing u make good money then

jolynce Kuan also said ASP will be higher than pre-pandemic level mah.. he got say it will turn ugly and uglier meh?

So u think next 3 Q can post better results than the present Q ah?

If so buy more loh

niet Those posting more than 2 lines on this forum most probably JPM macai.
15/09/2021 11:32 AM

If so Kuan of Harta is the biggest Macai of JPM....

Its due to this confession of Kuan few days ago, all glove drops non stop till today

July - Sep, Oct-Dec, Jan- Mac 2022 (at least 3 Q)...

Apr- June 2022 c how

jolynce Even pre-pandemic, these are profit making companies lah.. glove demand was already growing every year lah. Post pandemic, will demand and profit be lower than before? with increased hygiene awareness and the increased need in the medical field be for vaccination etc.? Ugly uglier.. You made it sound like company will go bankrupt like that. Like company lose money like that. Haiyah!

Kuan of Harta said so...ASP will be normalised by Q1 2022....U better query him....lol

The correction of Harta price is very steep...It seems it has taken into the consideration of the next few Q decreasing profit

I think they wanted to kill the retailers...FYI there are 200% to 300% increase in the number of shareholders in all glove co last year

I believe most of them kena trapped at high price level n suffers hefty paper losses

Investor126, we will see then

The correction of Harta price is very steep...It seems it has taken into the consideration of the next few Q decreasing profit

I think they wanted to kill the retailers...FYI there are 200% to 300% increase in the number of shareholders in all glove co last year

I believe most of them kena trapped at high price level n suffers hefty paper losses

If what Harta Boss said was true that ASP will be normalised by Q1 2022, then glove co will have ugly n uglier 3 to 4 Q reports to come

Interestingly price of Harta n Kossan oredi back to Mac 2020 level...how much more can they drop leh?

As for TG n Supermax where are still at May 2020 level....good luck

The concern is going fwd what will be the ASP in 2022 n 2023?

What will be the impact of China's emergence in Glove Biz?

Are we going to see lower ASP (lower than pre covid 19) comes 2022 or 2023?

If what Harta Boss said was true that ASP will be normalised by Q1 2022, then glove co will have ugly n uglier 3 to 4 Q reports to come

Interestingly price of Harta n Kossan oredi back to Mac 2020 level...how much more can they drop leh?

As for TG n Supermax where are still at May 2020 level....good luck

Safer to wait for their Q result first....if drops 99 then may got some chance for mild technical rebound...for short term trading purpose only

Lets C

Will kiss goodbye to RM3.00 soon

Posted by Mikecyc > Sep 15, 2021 8:50 AM | Report Abuse

Oh JPMmacai TP is 2.50 ..

Hate to say that but it seems JPM 's TP RM2.50 can be achieved again after their first TP of RM3.50 many months ago when all glove prices were still damn high

Dont worry either we sama sama make money or sama sama lose money only

Anyway Harta's downside risk seems to be the lowest as it oredi back tp Mac 2020 level

TG n Supermax still hv a long way to go (or drop)...

5% so little only?

At this level can buy n wait for the bonus n free warrant

Really wanna kill off all the pitiful retail holders meh

The problem is glove still hv at least 3 q to report lower n lower profit...but now Harta oredi back to pre covid 19 level...

No worries lah....still can report abuse on naysayers comments here

What is yr targeted price for LA if later push up mother to 0.50+?

Pressing mother price to come down while eating LA gradually everyday since listing

Harta leads all glove co to Holland...first to go back to Mac 2020 level...n Rm5+ soon

Dont worry it will be more interesting if it goes back to Mac 2020 level

Many months ago when i posted here that the numbers of shareholders in all glove co increases by 200% to 300% u should oredi know what will happen next

Ah Thai will still enjoy his life happily in his Bungalow in US even if Supermax drops to Mac 2020 level

Posted by Maridien2 > Sep 14, 2021 11:31 AM | Report Abuse

One thing is for sure is that this company won't go bankrupt. Future profit reduced so what? Many loss making companies in bursa also goreng sky high.

U dont have to worry on the Co..U should be worried on yrself if u buy with margin n if Supermax drops to Mac 2020 level

Jaga sendiri cukup lah

Looks like Harta will go below RM6 even b4 ex Div

Watch out for Harta...n pray hard that Supermax will not follow its fate

I believe naysayers in Harta's thread is much lesser than here...but price drops more....

Maybe naysayers here bring some luck to Supermax's price?

Come..continue to report abuse naysayers' comments here n make them disappear...

If this could help to ease yr pain of hefty paper loss

Pls...by all means

Harta back to Mac 2020 level..very likely will go below RM6.00 after ex div

Dont ask me how much is Supermax's MAc 2020 level..

The traded vol on 10 Sep was 200M+ shares...almost 100% of its paid up capital then

Ytd was ard 14.2M, despite with the listing of 5 times new shares arising fm Rights issues

Today slightly better with 16.8M traded as at 11.20am

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3190356

No. of Rights Shares % of total issue
Total valid acceptances 222,147,853 22.27
Total valid excess applications 775,304,998 77.72

Cheetah sapu 239,550,000

Who else sapu the excess portion?

Mother at 7 cents n 0.4WA at 2 cents=7.8 cents...Cheetah suffers 22% paper loss now assuming their cost is RM0.10

Come whack it down further.....

Mother shares drop but LA still go up...

What if mother shares go up leh

Again I think Boss can be more generous....

Those bought LR at 0.005+RM0.04= RM0.045 oredi have paper gain 33%+ now

surewin111 CharlesT, 0.0750 is very cheap la, hope you can sell 0.20
13/09/2021 10:27 AM

0.10+ is good for me oredi....lol

U need Pro Trader to beat Pro Con CO

Posted by mlike > Sep 13, 2021 9:48 AM | Report Abuse

Correct?!

True lah..i normally do so...just today too free only...lol

I believe u trade yr backsixe in Jalan Alor lah

I never see Idixt can survive long in Bursa

Ular considered quite a rare species oredi

Sochxi Ular owns a few thousands TG n suffers hefty paper loss keeps talking rubbixh here everyday

Go find a job lah

Post removed.Why?