Thank you so much for sharing this article OTB, appreciate it lots :)

Many panic sell for fear of Russia vaccine... It's not the end for glove sector now, like what OTB mentioned, it takes nearly 18 months for H1N1 to disappear, without a vaccine for it till date. It's only 5-months now since Covid-19 spread globally, at a much much bigger scale.

Daily Covid-19 figures is still increasing over 200,000 cases. Even with a vaccine, it would take at least 1-2 years to vaccinate everyone (billions) and healthcare workers have to wear gloves. Not to mention other sectors as well for precautionary measures.

Many panic sell for fear of Russia vaccine... It's not the end for glove sector now, like what OTB mentioned, it takes nearly 18 months for H1N1 to disappear, without a vaccine for it till date. It's only 5-months now since Covid-19 spread globally, at a much much bigger scale.

Daily Covid-19 figures is still increasing over 200,000 cases. Even with a vaccine, it would take at least 1-2 years to vaccinate everyone (billions) and healthcare workers have to wear gloves. Not to mention other sectors as well for precautionary measures.

Many panic sell for fear of Russia vaccine... It's not the end for glove sector now, as it takes nearly 18 months for H1N1 to disappear, without a vaccine for it till date. It's only 5-months now since Covid-19 spread globally, and a much much bigger scale.

Daily Covid-19 figures is still increasing over 200,000 cases. Even with a vaccine, it would take at least 1-2 years to vaccinate everyone (billions) and healthcare workers have to wear gloves.

@NewToThis: Many panic sell for fear of Russia vaccine... It's not the end for glove sector now, as it takes nearly 18 months for H1N1 to disappear, without a vaccine for it till date. It's only 5-months now since Covid-19 spread globally, and a much much bigger scale. Even with a vaccine, it would take at least 1-2 years to vaccinate everyone (billions) and healthcare workers have to wear gloves.

Top Glove boss just buyback rm50mil worth of shares these few days... gloves, masks, medical healthcare are still in play as global daily cases is still increasing.
https://klse.i3investor.com/blogs/gloveharicut/2020-08-12-story-h15116...

Top Glove boss just buyback rm50mil worth of shares these few days... gloves and masks still in play as global daily cases is still increasing. https://klse.i3investor.com/blogs/gloveharicut/2020-08-12-story-h15116...

Top Glove boss buyback rm50mil worth of shares these few days... https://klse.i3investor.com/blogs/gloveharicut/2020-08-12-story-h15116...

Top Glove boss just bought rm50mil worth of shares these few days... https://klse.i3investor.com/blogs/gloveharicut/2020-08-12-story-h1511677631-TAN_SRI_DR_LIM_WEE_CHAI_spend_more_than_RM50_million_to_buyback_TOPGLOV.jsp

Finally some like-minded investor around :)

Imagine the number of people need to be injected with vaccine... BILLIONS!!! Imagine the amount of masks and gloves needed and the amount of time needed to inject those vaccine. At least till end-2021.

By the way, studies have indicated that the vaccine can only sustain for few months, after that the anti-body is gone, and needs to be re-injected. Never ending guys...

Face Masks is still needed for precautionary measure.

Imagine the number of people need to be injected with vaccine... BILLIONS!!! Imagine the amount of gloves needed and the amount of time needed to inject. At least till end-2021.

By the way, studies have indicate the vaccine can only sustain for few months, after that the anti-body is gone, and needs to be re-injected. Never ending guys...

Supermax and Top Glove are not stupid to invest millions and billion to set up more factories. They have done their financial forecast.

Russia vaccine is highly questionable... skip Trial-3.

https://www.sciencemag.org/news/2020/08/russia-s-approval-covid-19-vaccine-less-meets-press-release

Russia vaccine is highly questionable...

https://www.sciencemag.org/news/2020/08/russia-s-approval-covid-19-vaccine-less-meets-press-release

Russia Vaccine is highly questionable...

https://www.sciencemag.org/news/2020/08/russia-s-approval-covid-19-vaccine-less-meets-press-release

Vaccine is not out yet...

https://www.sciencemag.org/news/2020/08/russia-s-approval-covid-19-vaccine-less-meets-press-release

“Our buyers are mainly medical and mask players and almost all local mask players are our clients now. We are also shifting a bit to the export markets and we do sell to North America and Europe,” says Eng Chun.

https://www.theedgemarkets.com/article/face-mask-and-ppe-demand-lifts-tek-sengs-fortunes

Volume sold is consider low though, only 23mil out of 360mil shares... Let's see what happens in November, it's next quarterly earnings.

Rm6 mil above? :)

Aside from gloves, hospital beds and medical equipment are in high demand. Matter of time ppl will appreciate this counter.

If u notice Supermax is giving share dividend too... 1 Treasury Share for every 45 ordinary shares u have!

Bonus Issue + Treasury Share Dividend + Amazing Quarterly Result = Triple Delight

Also take note there are new machinery coming in for this 3Q, increasing further its current full capacity.

3Q result should be much better than previous quarters that is affected by MCO.

1st Target Profit: rm2

2nd Target Profit: Sky's the limit!

Other company just jump in the face mask banwagon... Tek Seng is ALREADY producing materials for face mask and is increasing production capacity. The company will benefit from "First Mover Advantage"

Afternoon session be interesting :)

If it can sustain previous 3mil earnings, we are talking about TP of 0.80 - 1.00.

Its last quarterly earnings of 3mil is superb. Let's see what LKL can do in the next earnings report.

Load up on LKL. Looking forward for its next Quarterly Report :)

We are all in this together since the correction from rm9 to rm6+. Congrats everyone :)

Calvintaneng: Yes they are. Many unit trust funds are adding in glove stocks, just look at their fund factsheet, Top 5 Holdings.

Pang72: I am expecting other IB to follow Maybank... good show to follow.

OTB: I love your answer "The difference is only the weight", thanks for sharing :)

Worrying!

"WHO - WORST IS YET TO COME!"

https://www.google.com/amp/s/www.bbc.com/news/amp/world-53227219

Worrying! "WHO - WORST IS YET TO COME"

https://www.google.com/amp/s/www.bbc.com/news/amp/world-53227219

Naysayers, don't la like that. When it goes up, u are quiet, when it comes down then u have plenty to say. Not good, we should encourage each other and only share positive vibe here.

Tmr is the last day for margin cap, the Supermax plane will take off starting July :)

Trade tension between China-US, and other Europe nations... who will they order gloves from?

Remember the days of Petron & Hengyuan, many ask to sell when the price is at rm6. Guess what, the price shoots past rm10. Ignore the noises and stay laser focus.

There is no other sectors that will do well in the next few quarters except for healthcare & maybe some tech companies.

"BILL GATES: COVID WILL BE BACK BIG NUMBERS OCT-NOV 2020"

https://www.businessinsider.com/bill-gates-covid-will-be-back-big-numbers-october-november-2020-6

13 mil shares cross hands only. Majority are keeping :)

Next week it's July and look at the trading volume, it's thin which suggests many are keeping their shares for August quarterly announcement :)

The last 15 mins push up requires millions to do that. Clearly there are big players accumulating big volume of shares at the very last min sold by weak players. It has been similar to yesterday's closing as well.

Just ask ourselves, in the next few quarters to a year:
1) Which sector is going to be profitable
2) Which sector have already secured 6-12 months purchase orders (it literally means sales is already secured)
3) Which sector u have customers paying 30-50% deposits even before the goods are delivered
4) Which sector Average Selling Price (ASP) can increase month-to-month
4) Which company likely to give bonus issue or stock split
5) Which company might give higher dividends in the form of cash or shares
6) Which company can still invest in CAPEX in expanding its capacity even during a recession

TUN DAIM also mentioned with his years of corporate experience, the economy will take at least 1-2 years to recover to Pre-Covid level. We are not even talking about a new high.

Exercise caution in your analysis, and not simply buy or sell your shares. Eventually the market will react to its fundamentals.

Only 15 mil shares changed hands today, a mere 1.4% of total shares outstanding. Many are keeping. In latest analyst briefing report, Supermax increases its OBM distribution allocation compared to OEM, keeping the extra profits within the company.

@Hng33 & @Sprintime: Thanks for the analysis :)

@Springtime, what's your TP?

If Supermax can make rm120 mil for the next 4 trailing quarters, we are talking about a TP of:
PE 30: rm10
PE 35: rm12

Any positive surprise will be a catalyst for re-rating :)

Good profit. Assuming the next 3Q to follow 1Q net profits of rm16.339 mil, the TP be:
PE 30: rm3.36
PE 35: rm3.92

This is not including the fact that 2Q, 3Q & 4Q profits might be higher than 1Q profits of rm16mil.

My estimation points to Supermax to make between rm100 mil - rm120 mil profits next quarter.

You can refer to the latest Annual Report. The main owners and directors are holding 75% of the company shares. This is a big plus point that any decision made for the company will be in the best interest of the company. On a further note, they are disposing a small amount of warrants & and not mother share.

If u look at HLT trading volume, it's still low meaning many are still holding on to their shares, mostly weak and contra / margin sellers are doing the selling to regularise their positions.