Date Open Price Target Price Upside/Downside Price Call Source
23/11/2021 1.70 2.15 +0.45 (26.47%) HOLD KENANGA
18/11/2021 1.78 1.95 +0.17 (9.55%) HOLD KENANGA
22/10/2021 2.04 2.15 +0.11 (5.39%) HOLD KENANGA
30/09/2021 2.37 2.35 -0.02 (0.84%) HOLD KENANGA
27/08/2021 3.15 5.00 +1.85 (58.73%) BUY KENANGA

Do not ever trust an IB. See how Kenanga revise their TP every time? In within 3 months, it has been revised 5 times. And their recommendation is still hold whenever the price plunges.

What can be worst is the company is throwing their treasury shares to the public. Imagine holding a 100k units and getting another 3k plus units, how hurt that would be when the price plunges.
While you happily/ unhappily receive such share dividend, the company indeed the most happier.

The current smokescreen is to trap more people in.
The operator will not push up for those trapped high above to exit.

Chart is showing strong downtrend. It will still hit new low coming soon.

Seeing this kind of trading volume, would not be surprised if Supermax hit another new low again to 1.6+ this week.
This counter is already gone, so buy with care.

Be wary, new low hit again.

Whatever the strong buy is, it could be a smokescreen.
A trap that would ended up strong bye.

Next year come back, everything should had all gone.
Observe now as when and where to CL.

The trading volume for Supermax is so pitiful up till now.
Seems like no one wants.

52weeks low = 1.71, been around here for the past few days.
Beware of another new low. Do not eager to catch the falling knife. Wait for the signal appearance. So far, it still remained weak. Your money, your call. All the best.

The fact is it still cannot break beyond RM2 and it most likely will sway around this range for some time. The graph has shown it clear.

Sorry to say, do not fancy DST so much. None of those bosses manage to rescue their share prices so far. Even with the reappointment of DST back on board, one should indeed beware.

In case if you are not aware of those short sellers' mechanism.

They have been buying and short selling again later. Not sure what is their TP. But Harta seems like reaching their TP already, which is why they have been inactive on this counter.

More likely last 5 mins before closing dump again.

Today movement is kind of weird.

IMHO, glove has nothing to do with QR anymore these days.
It all depends on those big players' mercy. Up down is at their play, one just follow.

Those who bought high few days ago got trapped again.

Now below 1.90 already.

Again this kind of fireworks, beautiful but for just a while only. The trap still continue.

No doubt it is heavily manipulated. Problem is the short sell been repeating non stop. Those who short sell, bought back cheap again to replace then.
When this vicious cycle continues, the share price has already gone case.
Many investors might be interested to buy, but not keen to, due to this unforeseeable bottom. The moment they AD, the following day/ week, another new low appears.
To conclude in a simple way, without support, do not catch a falling knife.

Still have not received any update on the US' factory, but luxury condo only.

1.71. Another crazy new low.

What if Supermax announce their US venture bang wall later? I mean what if.

Director disposed, and now Supermax also do not want their own treasury shares and share dividend 1:30 soon to the shareholders?

If last week never drop below 1.80, they will surely wallop it all the way down this week. Seeing this, 1.65 could achieve anytime by end of this week. Till then, you know it very well what will happen.
No rebound, but boiling frog.

Once again new low hit.
No support at all.

Someone desperately press it below RM1.80.

Journey to the South again?
Keep dropping and many "collect" happily. Pray no more new low.
When want to release the QR?

Why is Supermax still remained silence if the US CBP WRO is a baseless allegation?

I see Supermax as being inactive in solving this issue. It has been almost two weeks, yet they are not transparent to their shareholders.

Based on the past history, Supermax usually release it the day before weekend or holiday.

Hopefully, as many wish, there is still dividend for Q1 FY22.

Someone can consider to ask the management to hold the upcoming QR.
Since it keeps breaking new low, might as well suspend.

Many who stuck high above still struggling to B/E. Unless if you have excessive cash without financial problem, else who can withstand this kind of pressure? No one can ever predict when will the next tide be too.

Referring to the recent Annual Report, page 14 first paragraph last sentence.
I am a bit curious. Will Supermax bang the wall again, suddenly pull hand brake like their proposal of SGX dual listing?

Looking at this way, Supermax likely will surprise us closing at 1.80 today.
Been like this since last year, keep hitting new low.

Where still got 1.88? Dropping now.

Gloves these days morning green, afternoon red.

Been downtrend since last year till now, any of you may still blame short sellers/ manipulators. But this time, Supermax got slapped real hard in the face. Has this been countered earlier, or at least Supermax proactive in solving this, this situation could had been avoided or less impact on their investors.

PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK

I believed, even if approved, Supermax will still hold tightly their cash. This SBB is just another smoke screen.

Who said will not breach below RM2 that day?
Even faster than expectation.

Last year when Top Glove was hit by this WRO issue, they immediately halt trading. At the same time, taking immediate actions.
This Supermax, who is a part of SEDEX undergone SMETA audit like do not care at all.

Wow... Quite surprised Supermax have not responded to this yet.

Supermax fly kite.

Just when you expect the company would do you a favor, the company Director throws tickets. Some more throw ka song song.

Those hold/ trapped just be prepared to receive such a little amount of dividend, as a token of appreciation to show Supermax's gratitude for your loyalty.

Thanks to short sellers/ manipulators collaborate with the insiders, this counter has gone from good to bad to worst, now gone.

Those promoted here, I bet got no ticket one.

The company Director disposing share can only be a reference.
What happened in the reality is that this counter been trying hard to trap retailers.

Many hoping for a rebound. When it rises a few cents, they are expecting it to be continuously for a few days till their TP. But reality is always so cruel that when it rises a day, the next few days it dip all the way to another new low. No support at all.

When one refers back the price history, the previous week's prices seem unachievable anymore. Unless if you are a real investor who would hold long.

Fly to the sky? No way, but fly kite maybe.
This counter keep trapping.

Traders had now turned into investors.
Whereas investors turned into holders.
The pain is with everyone now. Stay strong.

Buy buy buy bye bye.....

CharlesT, according to Harta's recent AGM, which you may find it in The Edge Markets with the highlight "Glove ASP, margin likely to normalise by 1Q22, but prices will remain above pre-Covid-19 levels — Hartalega CEO" dated 7 Sept 2021, Kuan believes the floor price of gloves will not return to pre-pandemic levels, owing to changes in the cost structure.

Posted by CharlesT > Sep 15, 2021 10:52 AM | Report Abuse

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?