TNB more stable, all buy TNB :P

I'm fully opine that you shouldn't let your cash have weekend holiday

Market selldown panic, market up also panic....what else you all want :P

Top gloves going back to its peak level

Overall a good day, despite strong resistance from "people that are giving public holiday to their cash"

Today average traded price at 20.7, +2.1 from yesterday's average price, above opening price of 20.6, slightly below the prosperous closing price of 20.96.

The warship seems like sailing at the right direction. Lets pray the next time we ever see 15 level again is due to adjustment from bonus issue.

Happy holiday to all.

If you have 1 unit at 30, ex bonus issue date you will have 2 unit at 15

Why take profit before holiday?

My cash still working for me in any holiday, sunny day, rainy day, windy day....everyday work for me!

So healthy formation today....i like :D

Lol why panic. Today price level is super healthy. Building up support at 20 level.

If you all think a stock with 22bn market cap. to increase 20% everyday, i think you all should go Genting or buy Toto. Supermax is no longer a penny stock and vaccine is not kryptonite.

I accidentally bought at 15.90.....please move to ex-bonus issue price of 15.90

Now this thread will be the most active again with the return of naysayers :P

Yesterday average price was 18.xx

A lot people will TP

Why no one say this is a bear trap? :P

haha market down poeple scare and cut loss, market up back a little all want to TP :P

GLOVES ARE DEAD :P:P:P

Today bursa statistic:

Foreign still buying, local institution stable, local retail out

For those holders that bought from 20-24 earlier, before it reach back to your level, think why you buy the share earlier. What's the fundamental core value for the share.

Dont let past week disaster to cloud your thought. i know last week revision will give adverse psychological impact to you all.

Going back to 24 in no time....then it will slowly test the theoretical fundamental values of the sifus or equity reports.

I say after bonus issue it will reach around 15 (means 30 based on current no. of share)

Come on...we need to have standard. Dont scold/curve people on the other side of the coin.

Need to have diverse view only can earn big buck. Else who will sell you at 15.90 if everyone thinks that it will be uptrend. Time to say thank you to them actually.

Gloves Are Dead :P

Maybe naysayer are right
I guess we will reach 12-15 after ex bonus issue now :P

Tomorrow back to 22.50-24.00

lets see can breach resistant 20 or not today :P

End of day those intraday traders will TP :P

Probably naysayer is the one pushing up the prices now :P

Any chartist can tell me it will go up till where?

@VerySmallFish
Relax bro...just trolling here

Ignore short-term volatility if this is for your investment purpose.

For your comfort, if i remember correctly, we see net increase of foreign holders for almost everyday last week.

Local institutions finally almost break-even last Friday (after massive selling over the week), probably signals an temporary end of profit taking cycle. Lets see the number today for further verification.

Retail participants were the panic one with an outflows last Friday due to the fear of 30% steep price revision. I think after today we will see lesser fear, hence less panic seller for those with lesser holding power.

Go good luck for those technical chartist hoping to see another around of 15.90.


Gloves Are Dead :P

Chart say going 15 :P
Run while you still can.

GLOVES ARE DEAD :P

So where are all the pro-chartist now? Fake rebounce?
Good time to buy put option now?

Gloves Are Dead :P

@HamsterHuat

haha ya true and the 4) Th panic Lalangs.

I'm camp 2 too, hence not worried of short term volatility :P

@ocs5858

3 camps of people here:

1) technical camp ----> chart super ugly, might go back to 15/12/6/2/0

2) Fundamental camp ----> demand filled till next year, ASP higher for now, valuation looks cheap now

3) gloves are dead camp ----> vaccine will destroy the gloves' warship


So buy on your own risks. All 3 camps have their point. only time will tell.

Vaccine is here, faster buy Malaysia pharma
Goreng goreng jangan tak goreng

Advantage (Disadvantage):
1) Key distributor (Only distributor, not producer)
2) Monopoly in Malaysia (Only Malaysia, not global)
3) Fixed margin (dont think margin will be high as rakyat-government are too poor to pay for too excessive margin)

GLOVES ARE DEAD :P

Just sell la.....fake rebounce

GLOVES ARE DEAD :P

Many keep saying if vaccine out gloves are dead.

But many forget that gloves company actually won a jackpot from this covid cycle. This jackpot money can be used for further upgrade/increase in capacity moving forward. The company manage to breakeven thier new plant immediately, instead of maybe 5-10 years break-even time earlier.

Like Supermax, thier new plant (for almost doubling the capacity) is fully paid now from this cycle. I dont discount the possibility that ASP might normalized in 1-2 years time, but the lower margin will be compensated by much higher production capacity after this.

If you ever play game, this is like a "resource cheat code" that give your a free leap and head-start moving forward. So think twice before you all think that the company will return back to square 1 if vaccine is developed.

GLOVES ARE DEAD :P

Top Gloves EGM :-

ASP increased 20-40% depending type of gloves in Aug-Sep.

Government has not approach them on windfall tax.

Gloves still need to give vaccine injection.

Average PAT by analysts :
FY2020 1.4bn,
FY2021 4.1bn,
FY2022 1.8bn
(vs FY19 0.37bn)

More automation is underway, hence less labour intensive and margin improvement looking forward.

GLOVES ARE DYING :P

What's the point of keep on arguing and sharing good/bad news of gloves.

If you think gloves will prosper, you buy
If you think glvoes will die, you sell

No need to argue. Only time will tell.

My point of view, those who say will buy at price 6 / 12 / 15 are still seeing long term value in this company. They only spread thier technical analysis proness so they can buy cheap.

You all can sell down to 6 or 2 or 0, but it doesnt change the fundamental long term value of this company.

Sell while you still can....downward trend :P

Bought 100k at 17.60...last chance for you all :D

EGM now :P
Last chance ladies and gentleman

This is the last round for anyone to load up before EGM today.
Good luck all.

Today is new trend ya....all be ready

Just wait for tomorrow EGM.....what's there to panic anymore :p

I see most people here saying Supermax next support near 14-15, and asking people to start buying when it is near that price.

It only prove that both camps here see long term value in this company.

Windfall tax is possible.
It happened previously for palm oil sector.

Fake re-bounce.....TP if you scare of volatilty

Going to limit down....run :D

On the good side, TeamRocket is preserving his capital :P

Gone !

All sellback to 1.50 :P

1808
1888
1948
1800

here comes the toto numbers

Dont worry...i'm supporting at 18