Don't touch call warrant lah with this kind of price. You are betting against IBs. Play safe and protect your capital...

But if Top Glove results below expectations, then all glove shares will drop badly...That is risk, that why glove stocks trade cautiously since yesterday.

RM 8.55 strong support. A lot of buyers queuing. Hope consolidation over soon

Superman is consolidating since yesterday, waiting for Top Glove results?

Very likely TG results will be above expectation. Otherwise they will not choose to announce earlier...

Hi Freetospeak, for TG model and Supermax OBM model, which one will give higher profit margin? I think is Supermax...

Superman market cap already exceeded Kossan

Comfort not doing so well. The best are still Superman and TopGlove

Supermax like superman...

Top gloves will declare surprised dividend in this quarterly report i think. Then followed by Supermax

Because of their business model... Market is efficient.

When price hammered down, a lot of naysayers appear to create fear... When price up, most disappear. They create fear because they want to buy cheap?

https://www.theedgemarkets.com/article/its-multiyear-story-glove-makers-not-just-blip

https://www.theedgemarkets.com/article/its-multiyear-story-glove-makers-not-just-blip

Yesterday just ICU, today become Superman again.... Really? Be careful. I have few lots Top Glove left. I hope i not oversold today. I am waiting for good price to sell last batch of stocks.

My advise to newbies, don't chase high... Increase in volatility is no good sign...

I sold all glove stocks except for some leftover Top Glove stocks. Cannot stand the volatility. Managed to pick up a lot of shares yesterday morning during panic sales.

Agreed. Spend more time on research and understand the company. Don't attack people here. OTB stocks may not suit you as most of his chosen stocks are up very fast, and down very fast... "high risk, high return". Often you cannot run as fast as OTB. Haha. Don't like OTB stocks, just STAY AWAY, DON'T TOUCH.

Be careful guys, don't chase high... Volatility is very high for glove stocks, indicating risk is getting higher... Yesterday a lot of people lost money out of panic sales.

Stay out of Glove stocks today if you not comfortable...Don't create panic sale to sharks here. There are a lot of poor investors in this forum also

Don't call people monkey lah. Don't like glove stocks or cannot stand the volatility, just sell on rebound like today. Just don't create fear such that poor retail investors cut heavily yesterday. Want to sell, sell on rebound like today...

Yesterday evening most users in i3 predict Comfort will fall. But it works the opposite. It recovers today. That is why most people are losing in the stock market...

That is why i said no panic sale yesterday. Want to sell for cut loss or other reasons, sell on rebound as glove theme play not over yet. If you feel it will drop or not comfortable, can sell it today on rebound, at least not lost too much...

Yesterday evening most users in i3 predict Comfort will fall. But it works the opposite. It recovers today. That is why most people are losing in the stock market...

Comfort will follow Top Glove. Top Glove price is quite solid today.

Hi Charles, do you believe this : investment banks are depressing the price down so that they can buy at cheaper prices? KYY always says this in his blog?

Continue buying tomo if cheap. Lot of cash now after selling some PBB...

Below post from Top Glove forum is interesting view that is worth thinking. Glove stocks got play out by IBs cutting margin. They are manipulating market yesterday and today by forcing poor retail investors to panic sale...

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pBlue Posted by loverguitar18 > Jun 3, 2020 4:09 PM | Report Abuse
RM14.75 > RM10.58 > RM14.5 in one day my god

What happens when you buy on margin and your bank reduced margin caps. People are forced to sell. This is why cash is king during a recession and why rich people become richer.
03/06/2020 4:33 PM

You are right. SC and Bursa needs to check IBs whether any manipulation by them to kill retail investors


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pBlue Posted by loverguitar18 > Jun 3, 2020 4:09 PM | Report Abuse
RM14.75 > RM10.58 > RM14.5 in one day my god

What happens when you buy on margin and your bank reduced margin caps. People are forced to sell. This is why cash is king during a recession and why rich people become richer.

Today also bought Top Glove to support glove stocks. But too bad sold Top Glove too early just now

Tai Kor Top Glove recovering already...

Only foreign funds have so much money to play glove n bank stocks

Big funds including foreign hedge funds are playing stocks Bursa in big way. They like Glove and banking stocks. I think they will push up glove stocks again after collect enough today

Supermax recovers.

I bought comfort and supermax in March as soon as Covid get worsen. I have sold most of my stocks last week, only left 20%. I have added a bit to play lah as i think is oversold.

Top glove will announce very good results, dividend etc. The theme is not over but just need to be careful...

Glove theme not over yet as it is supported by good profit, US, Brazil, Rusia all registering increase in Covid 19 yesterday. Don't panic sale to shark at this price... Wait for better price to sell if you want to sell...

Don't panic sales. Wait for good price to sell if you really want to sell

Now waiting for tai kor Top Glove to recover... Once Top Glove recovers, others will jump. Top Glove expected to announce good results like Supermax and declare very good dividend...

Don't sailang. buy with caution and always keep cash...

I have sold most of glove shares last week. Starting to add again today. I believe glove shares are not over yet. Oversold due to panic selling...

why pbb up so much today? have not accumulate enough below RM 15 leh...

Supermax is like superman. Only drop little due to profit taking...Wanting to buy low...

Below is latest CIMB report dated 2 June 2020

Supermax Corp
Still yet to peak
■ Our channel checks with SUCB indicate that its order lead time has stretched
to 12 months while it is pricing in higher ASPs due to current strong demand.
■ While SUCB aims to secure more direct orders (OBM), it has also begun to
collect higher deposits (>40%) for the bulk of orders beyond CY20.
■ Reiterate Add, with a higher TP of RM9.80 (28x CY21 P/E).
Positive surprise from longer order visibility and more ASPs hikes
Supermax (SUCB) indicated that its order lead time has lengthened to Jun 2021 (endFY6/21), which is 12 months (vs. our previous assumption of 10 months). This is on the
back of favourable supply-demand dynamics in the glove sector, owing to Covid-19. We
also gather that SUCB is confident of raising its ASPs by 10% each month from Jun till
Dec 2020, vs. our previous expectation of a 10% monthly increase from Jun to Sep 2020.
Collecting deposits to ensure minimal cancellation of orders
In order to ensure no cancellation of orders, SUCB is requesting that its customers pay
deposits (30-50%) in advance to lock in their orders. This is particularly for orders from
non-recurring customers and/or spot buyers. At this juncture, we estimate that up to 15-
20% of SUCB’s capacity mainly caters to spot (ad-hoc) orders (mainly from government
and non-government organisations), which typically have higher selling prices (premium
of 30-70%) vs. recurring orders, resulting in higher margins for SUCB.
Focusing on its OBM business model
Since the Covid-19 outbreak (Mar 20), SUCB has been selling more gloves under its
original brand manufacturing (OBM) at 95% of its total sales volume vs. 70% pre-Covid19. This is via its own distribution centres (7 glove distribution centres globally – 55%) as
well as via third-party distributors (40%). In our view, this manufacturing-cum-distribution
model (focusing on selling OBM gloves) allows SUCB to garner higher margins and
better pricing power as it is able to sell directly to end-customers.
Expecting robust qoq and yoy results in 4QFY20
For the upcoming 4QFY6/20 results, we expect SUCB to record sequentially stronger
earnings of RM130m-135m. We also believe that sequential results will remain strong up
to 2QFY6/21. This is on the back of: i) higher glove sales, ii) increase in average selling
prices (+25% qoq), and iii) higher economies of scale. Note that any upside beyond our
ASP assumptions would provide positive surprises to its 4QFY20 results.
Reiterate Add, TP raised to RM9.80
With a longer order book visibility and factoring in higher ASPs (current assumption of a
10% monthly increase in 1HFY21 from only 1QFY21 previously), our FY21-22F EPS is
raised by 33.3-38.7%. Accordingly, our TP rises to RM9.80 (28x CY21 P/E). We continue
to like SUCB for its attractive valuations (35.1% discount to the Malaysian glove sector
average CY21F P/E of 35.1x) and OBM business model, which allows it to garner better
margins vs. its peers given the current strong surge in glove demand.

Profit taking only. I think not over yet. I still have last batch not sold yet. Performance depends very much on coming quarter results...

Below is latest CIMB report dated 2 June 2020

Supermax Corp
Still yet to peak
■ Our channel checks with SUCB indicate that its order lead time has stretched
to 12 months while it is pricing in higher ASPs due to current strong demand.
■ While SUCB aims to secure more direct orders (OBM), it has also begun to
collect higher deposits (>40%) for the bulk of orders beyond CY20.
■ Reiterate Add, with a higher TP of RM9.80 (28x CY21 P/E).
Positive surprise from longer order visibility and more ASPs hikes
Supermax (SUCB) indicated that its order lead time has lengthened to Jun 2021 (endFY6/21), which is 12 months (vs. our previous assumption of 10 months). This is on the
back of favourable supply-demand dynamics in the glove sector, owing to Covid-19. We
also gather that SUCB is confident of raising its ASPs by 10% each month from Jun till
Dec 2020, vs. our previous expectation of a 10% monthly increase from Jun to Sep 2020.
Collecting deposits to ensure minimal cancellation of orders
In order to ensure no cancellation of orders, SUCB is requesting that its customers pay
deposits (30-50%) in advance to lock in their orders. This is particularly for orders from
non-recurring customers and/or spot buyers. At this juncture, we estimate that up to 15-
20% of SUCB’s capacity mainly caters to spot (ad-hoc) orders (mainly from government
and non-government organisations), which typically have higher selling prices (premium
of 30-70%) vs. recurring orders, resulting in higher margins for SUCB.
Focusing on its OBM business model
Since the Covid-19 outbreak (Mar 20), SUCB has been selling more gloves under its
original brand manufacturing (OBM) at 95% of its total sales volume vs. 70% pre-Covid19. This is via its own distribution centres (7 glove distribution centres globally – 55%) as
well as via third-party distributors (40%). In our view, this manufacturing-cum-distribution
model (focusing on selling OBM gloves) allows SUCB to garner higher margins and
better pricing power as it is able to sell directly to end-customers.
Expecting robust qoq and yoy results in 4QFY20
For the upcoming 4QFY6/20 results, we expect SUCB to record sequentially stronger
earnings of RM130m-135m. We also believe that sequential results will remain strong up
to 2QFY6/21. This is on the back of: i) higher glove sales, ii) increase in average selling
prices (+25% qoq), and iii) higher economies of scale. Note that any upside beyond our
ASP assumptions would provide positive surprises to its 4QFY20 results.
Reiterate Add, TP raised to RM9.80
With a longer order book visibility and factoring in higher ASPs (current assumption of a
10% monthly increase in 1HFY21 from only 1QFY21 previously), our FY21-22F EPS is
raised by 33.3-38.7%. Accordingly, our TP rises to RM9.80 (28x CY21 P/E). We continue
to like SUCB for its attractive valuations (35.1% discount to the Malaysian glove sector
average CY21F P/E of 35.1x) and OBM business model, which allows it to garner better
margins vs. its peers given the current strong surge in glove demand.

This price target is after dilution from the cash call. If you subscribe for RI at 40 sen. Your average price will be lower. Let say my average price is 90 sen. I subscribe for RI at 40 sen. My average price become 73 sen. Public bank evaluation not taking into potential earnings from power plant yet.

All naysayers were proven wrong if listen to them would have made less. One day they will be right. It is a good time to take profit this week. When will it be peak nobody know. Just be careful...

To me timing just nice. I am selling glove stocks as glove stocks are peaking and will buy more jaks and subscribe for RI. Price expected to jump after COD.

Agreed SSlee and Blessed Investor. Hope there will be more productive views and sharings here rather than creating fear.

Do you want poor retain investors to sell shares out of panic sales wed to sharks if price dropped a lot?

If price drop a lot on wed, it think it will quickly recover as the timing of RI is interesting. By the time the Company secured all approvals in RI and before RI goes ex, it will be maybe Oct 2020, by the time power plant already COD. Do you still can get Jaks share at 90 sen, for example?


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Sslee The RI is for those big funds who have miss the boat to come in now at cheaper cost for them.
If they spend RM1,000 to buy 1,000 unit 6 month down the road their cost is RM 1,200 to own 1,500 unit JAKS plus 500 unit JAKS-WB.
And by that time power plant already COD and start making money for JAKS.

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BlessedInvestor Not all RI is bad. RI for Dayang and Perdana were a good one where investors are making good monies...
24/05/2020 2:39 PM

Top Glove going to announce results likely tonite. Don't know whether will be as good as Supermax? If not as good, will drag down gloves shares...

With the expected superprofit, there will be high dividend and bonus issue etc as gloves companies are generally cash rich companies.

Sold some to take profit. Will add if price drop for profit taking. Those buy at RM 2.05 few days ago an oversold situation are laughing to the banks...

This round also pushed by all IBs as you can see they upgraded Top Gloves and Supermax to a very high TP due to high projected earnings and more than 10 months lead time. This round may be slightly longer.

MFCB share prices new high today. Hope Mr Ang knows this and do something eg disclose more info on IPP...

Thank you DK66.

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DK66 henry8833 added
21/05/2020 10:55 AM