Superman is slowly catching up with Kossan. Look like it will close RM 11 today. Market sometimes not that efficient...

Why EPF added kossan? Because of low PE? If forward PE, Superman should be must lower than kossan...

about 20 days to go for quarterly result if the manage to announce this month...

This quarterly result is very important for re-rating of Supermax as some funds like EPF needs result to justify for investment. Superman PAT should be better than Kossan and Hartalega due to its OBM model...

wow, fantastic, very fast profit taking and rebound.... Good sign

who sell below RM 10, very fast selling, and very fast rebound...

sigh, not fast enough to grab some RM 9.80 for trading batch...

Profit taking....

Before quaterly results, IB already projected more than RM 300m. Hartalega is bubble, not supermax undervalue

I think Superman PAT will be more than Hartalega from quarter Apr 2020 onwards due to its OBM model. Hartalega market cap is a staggering about RM 55 billion vs Superman RM 13 billion. Superman will have a lot room to catch up after this quarterly announcement...

World covid cases continue new high in Brazil, USA, India etc. Australia and Tokyo cases started to increase again. Should hold for next few months...

Harta mkt cap is crazy RM 57 billion vs Superman RM 13 billion....wow. Superman should have a lot to catch up?

Supermax results should better than Hartalega this year even though it cannot beat Top Glove. This year is time Supermax reaps benefit of OBM after years of high expenses in its marketing network for OBM and maintaining oversea offices in Brazil, USA, UK, Japan etc.

DJoker89 , cool down lah why bad words, very one investing in glove counters know TAN SRI DR LIM WEE CHAI is Top Glove boss, he must have bought TG lah...

TAN SRI DR LIM WEE CHAI (a company director) acquired 800,000 shares at 15.715 on 29-Jun-2020.

TAN SRI DR LIM WEE CHAI (a company director) acquired 200,000 shares on 29-Jun-2020.

TAN SRI DR LIM WEE CHAI (a company director) acquired 400,000 shares at 14.875 on 26-Jun-2020.

TAN SRI DR LIM WEE CHAI (a company director) acquired 100,000 shares on 26-Jun-2020.


1,500,000 shares x RM15.715 = RM23.5M

Action speak louder than word. Seeing is believing..

Glove stocks still have more to come. Cannot let Philip see...

Superman mkt cap already exceed Kossan. Now it is number 3. Kossan number 4...

Hope can close above RM 7.50. Chartists will chase this stock after RM 7.50

US market clash last friday, but glove stocks increase today. This shows they already immune to wall street big fall which was due to increase in covid 19 cases. Good sign... Glove stocks become defensive and more investors start realizing the value of glove stocks...

It recovers very fast. No more chance to buy below RM7

Good news for glove stocks ... Covid 19 second wave in US. World cases reached recover high, super quarterly profit expected to be announced end July, short selling is banned etc

The only factor ...market is cautious : US Market clash Friday and my clash again this week due to surged in covid 19 cases. This is good news for glove stocks and glove should be good defensive stocks.

As such, i see no reason for it to drop lower than RM 6.50.

Today glove shares are affected by Top Glove. I think Top Glove bondholders who converted shares will sell as conversion price is around RM 6.50. There are shares overhang for Top Glove. I don't have more details....Any sifu here can share?

Glove stocks still in consolidating... Top glove drops 46 sen now...

Uncle in Ipoh will likely attend and you can meet uncle KYY there... Should ask director why they keep selling shares...

2127 COMFORT COMFORT GLOVES BERHAD
General Meetings: Notice of Meeting (Amended)
52049
Indication: Notice of Meeting
Description: COMFORT GLOVES BERHADNotification to Shareholders of Change of
Meeting Venue and Meeting Time for the 79th Annual General Meeting
Date of Meeting: 30/06/2020
Time of Meeting: 10:00 AM
Venue: Hotel Grand Baron TaipingNo 8, PT 7861Jalan Bukit Larut34000 Taiping,
PerakMalaysia
Date of General Meeting Record of Depositors: 19/06/2020


Any one attending? Can get some first hand info on glove industry...

2127 COMFORT COMFORT GLOVES BERHAD
General Meetings: Notice of Meeting (Amended)
52049
Indication: Notice of Meeting
Description: COMFORT GLOVES BERHADNotification to Shareholders of Change of
Meeting Venue and Meeting Time for the 79th Annual General Meeting
Date of Meeting: 30/06/2020
Time of Meeting: 10:00 AM
Venue: Hotel Grand Baron TaipingNo 8, PT 7861Jalan Bukit Larut34000 Taiping,
PerakMalaysia
Date of General Meeting Record of Depositors: 19/06/2020


Any one attending? Can get some first hand info on glove industry...

freetospeak, very reasonable observations...

Very difficult to drop below RM 7. Consolidating should be done this week, perhaps today. Weakholders/contra players are forced to sell after dropping for more than a week.

Demands exceed supplies situation for gloves will be there for at least another year... Now Africa, with Northern and Southern America getting second wave....

https://www.theedgemarkets.com/article/virus-cases-africa-surge-past-336000

Demands exceed supplies situation for gloves will be there for at least another year... Now Africa, with Northern and Southern America getting second wave....

https://www.theedgemarkets.com/article/virus-cases-africa-surge-past-336000

Superman should have done consolidating this week...

mf asked people to buy Open system and Master in i3 forum. mf is making money if he bought earlier. He is bad news reporter this forum may not be bad thing lah as we need good and bad news?

Vaccine news i don't agree as all vaccine companies shouting positive results with one purpose, to goreng their stocks also.So may serious life threading diseases also no vaccine.

Supermax attracted too many contra players/traders. It will take time to clear those...

Now more gloves are up, ie Comfort, Harta and TG... Superman will follow soon. Not hard to be trader also, even though i am used hold few months for a particular share.

Comfort up, indicating selling are over. Superman and Top Glove down... Superman selling not over yet. I think will over soon.

buy some today 7.31-7.35 for trading...Sold some yesterday from RM 7.60-7.70. Still ding dong. Big boys still want to shake out weak holders...

I think recovering from oversold last few days out of fear.

Master is a wonderful company with good growth prospect. It has very steady income and growth over past 5 years Buy and hold for mid term. start giving bonus and we can expect for bonus issue and other exciting prospect...

Master prospect also very good, not only proxy to glove but for F&B packaging ecommerce...I bought big when it dropped below RM 1.80

Profit taking only. Healthy sign.

https://www.cnbc.com/2020/06/22/coronavirus-cases-surge-in-us-brazil-and-rise-in-germany.html

Quite a good closing with strong buying queue... same for Top Glove and Comfort. Trend reversal... shall continue uptrend...

Superman be included Syariah Index today, consisting of top 30 highest capitalised syariah compliance stocks. A lot of mutual funds and other funds, like Public Islamic Equity Fund etc that need syariah compliance will need to buy this stocks.

We can see more funds are buying into Superman.

https://klse.i3investor.com/blogs/gloveharicut/2020-06-19-story-h1508876384-You_think_GLOVE_oversupply_You_think_vaccine_by_year_end_Read_this_news.jsp

Kenanga's analyst Raymond Choo Ping Khoon said glove makers had received orders for new users including airlines, restaurants, retail apparel chains and hotel operators.


"If we look at the capacity expansion numbers in isolation, it looks overwhelming. Juxtaposed against the annual demand growth and new pandemic-led demand, the additional capacity is not a concern," Choo said in a report today.


Choo noted that Top Glove Corp Bhd stock had been down 15 per cent in the past few days.

This was due to the alleged ill treatment towards foreign workers, fears of oversupply and rumours of windfall tax, which Kenanga Research believes, had been largely overplayed.

https://klse.i3investor.com/blogs/gloveharicut/2020-06-19-story-h1508875611-KENANGA_s_view_on_GLOVE_KEEP_BUYING.jsp

Sometimes you have no choice still have to cut loss. But never cut loss during panic sale like yesterday if the stock you bought have good value. Cut loss today or next week could be better one if you really need to lah....We know that glove stocks play not over...

----------------
speakup just remember: NEVER CUT LOSS!
19/06/2020 5:13 PM

https://www.theedgemarkets.com/article/trump-renews-threat-cut-ties-china

Hopefully no negative surprise during weekend. Next week sure go up unless US market dropped big. Trump trying to funny again...

Suddenly so many buyers queue for Top Glove and Supermax.. Monday uptrend again

Correct. I become trader also to buy some cheap sale yesterday for contra profit...I have to take some profit due to too much glove stocks. Keep some cash to buy low again if any



-------------

speakup those who sold cheap, sad lah
but those who tell others to sell cheap are the worst!

Posted by joyvest > Jun 19, 2020 4:54 PM | Report Abuse

the chickened off ones are regretting and weeping ...............

Yesterday in ICU, today become superman again. History repeat again

I used to be mid term investors. But due to yesterday panic sale to price too low for me to hand itchy buy some for trading...have to take some profits due to overbought yesterday. I always advise do not panic to rush to sell your glove stocks when they plunged. Game not over yet.