Anyone who plans to short this counter be careful get burnt, don’t say I didn’t warn you.

I’ll use a DCA approach to collect TGuan shares while it is undervalued, drop more buy more, some call it catching a falling knife, yup. When it starts rising, I’ll be looking at handsome amount of shares, hoseh liaoo!

Topped up at 2.40 today. Intraday went up to 2.46. Could be a sign of rebound, RSI reached 30. Just sayin,it may or may not happen, either way it’s a good price to enter.

Oh fellow retailers...small company like this yall shout bright future all in etc, the real big 4 yall diss like they aren’t worth a penny...I thought vaccines out no need wear glove eh?

To all glove haters, I only have one question for you.

If you can convince glove holders here, who knows they might let go their shares to you? :)

Here’s my question:
If you think the glove sector is overvalued now, that’s fine.

But what’s your motive of loitering around here?

You could’ve moved on to hangout at the recovery sectors page? But why are you still here??

Answer me.

To all glove haters, I only have one question for you.

If you can convince glove holders here, who knows they might let go their shares to you? :)

Here’s my question:
If you think the glove sector is overvalued now, that’s fine.

But what’s your motive of loitering around here?

You could’ve moved on to hangout at the recovery sectors page? But why are you still here??

Answer me.

To all glove haters, I only have one question for you.

If you can convince glove holders here, who knows they might let go their shares to you? :)

Here’s my question:
If you think the glove sector is overvalued now, that’s fine.

But what’s your motive of loitering around here?

You could’ve moved on to hangout at the recovery sectors page? But why are you still here??

Answer me.

To all glove haters, I only have one question for you.

If you can convince glove holders here, who knows they might let go their shares to you? :)

Here’s my question:
If you think the glove sector is overvalued now, that’s fine.

But what’s your motive of loitering around here?

You could’ve moved on to hangout at the recovery sectors page? But why are you still here??

Answer me.

To all glove haters, I only have one question for you.

If you can convince glove holders here, who knows they might let go their shares to you? :)

Here’s my question:
If you think the glove sector is overvalued now, that’s fine.

But what’s your motive of loitering around here?

You could’ve moved on to hangout at the recovery sectors page? But why are you still here??

Answer me.

To all glove haters, I only have one question for you.

If you can convince glove holders here, who knows they might let go their shares to you? :)

Here’s my question:
If you think the glove sector is overvalued now, that’s fine.

But what’s your motive of loitering around here?

You could’ve moved on to hangout at the recovery sectors page? But why are you still here??

Answer me.

@eatcocinutcanwin what’s your avg price now bro?

@andrekua Wah copy paste what you wrote in lowyat forum to i3investor..Geng..want sabo glove counters also don’t so obvious la deyh..

Keep some bullet..looking at current covid trend I wouldn’t be surprise early next year might be another crash..

@investor superficial thinking. Lol.

I just hope it doesn’t go up so fast so that I can buy time to top up more before it takes off.. hehehe

No cheap ticket for you hehehe..supermax holders know the share is worth rm10-15 easily

@jack Next Monday 21/12/20 Supermax will start trading as part of KLCI index 30, it will allow institutional bankers and funds to invest in them. This is fact,if you can’t take the heat don’t be in the kitchen.

Supermax won’t be the same post covid era. ASP may normalised, but I can guarantee it won’t go back to pre-covid era, share price won’t go back to pre-covid era neither.

By then they would’ve accumulated enough cash earnings to:
1.) diversify into other healthcare businesses.
2.) further expand their plants and equipments both locally and in UK.
3.) automate their glove manufacturing to compensate normalisation of ASP.
4.) earned the reputation to transform the now new customers into regular customers (new recurring earnings).
5.) higher dividend to distribute to shareholders.

If you’re not a trader,but long term investors 3 years and above,Supermax is now a huge bargain.

Don’t listen to the fallacy of “catching a falling knife”. Because by the time you “think” it has reached the bottom, it’s already no longer a bargain and you would’ve missed the window and can only watch its share price going higher day by day.

“ohh I should’ve bought when it was at x price”. Doesn’t this sound familiar? Lol.

Supermax won’t be the same post covid era. ASP may normalised, but I can guarantee it won’t go back to pre-covid era, share price won’t go back to pre-covid era neither.

By then they would’ve accumulated enough cash earnings to:
1.) diversify into other healthcare businesses.
2.) further expand their plants and equipments both locally and in UK.
3.) automate their glove manufacturing to compensate normalisation of ASP.
4.) earned the reputation to transform the now new customers into regular customers (new recurring earnings).
5.) higher dividend to distribute to shareholders.

If you’re not a trader,but long term investors 3 years and above,Supermax is now a huge bargain.

Don’t listen to the fallacy of “catching a falling knife”. Because by the time you “think” it has reached the bottom, it’s already no longer a bargain and you would’ve missed the window and can only watch its share price going higher day by day.

“ohh I should’ve bought when it was at x price”. Doesn’t this sound familiar? Lol.

What a tunneled vision to just think of using glove on vaccination lol.

Gloves are needed for:
contact tracing
sampling test
invasive procedures
handling possible contaminated objects
for operations in the operating theatres

basically anything when directly dealing with patients and customers.

@liewtz06 Exactly.

Supermax won’t be the same post covid era. ASP may normalised, but I can guarantee it won’t go back to pre-covid era, share price won’t go back to pre-covid era neither.

By then they would’ve accumulated enough cash earnings to:
1.) diversify into other healthcare businesses.
2.) further expand their plants and equipments both locally and in UK.
3.) automate their glove manufacturing to compensate normalisation of ASP.
4.) earned the reputation to transform the now new customers into regular customers (new recurring earnings).
5.) higher dividend to distribute to shareholders.

If you’re not a trader,but long term investors 3 years and above,Supermax is now a huge bargain.

Don’t listen to the fallacy of “catching a falling knife”. Because by the time you “think” it has reached the bottom, it’s already no longer a bargain and you would’ve missed the window and can only watch its share price going higher day by day.

“ohh I should’ve bought when it was at x price”. Doesn’t this sound familiar? Lol.

If any of you has constructive opinion on why QL is overvalued,by all means voice out,I’m open for discussion. I might have overlooked something due to confirmation bias. But if your comment has nothing sensible to offer, you’re no different than a barking dog lol.

Case in point: @sensemaker. Epf finally woke up and started selling? You high on weed eh, as if epf is not constantly buying and selling on other counters..what msg are you conveying?

If you really want to compare PE in the egg industry,here’s your reference.

Layhong: PE 56
CAB: PE 112

TeoSeng PE 12, but their net profit has been on a decline for 4 consecutive quarters, past earnings are not consistent as well..

I have only one question to you: do you really want to buy a mediocre company solely because of its low PE? Its PE is low for a reason,because the company is not pulling in consistent profit, no definite plans for business expansion,mediocre management team..the market has taken into account on these, and hence priced them with a low PE..

Otherwise,QL should still be your top pick. A steady growth company,extremely credible leaders,business expanding crazilyyy over the years,monopolizes the marine food product industry,and the favourite convenience mart of many people’s heart - Family Mart

@gunter Anyone can pluck numbers and calculate PE,EPS etc..if there’s one thing I learn from stock investing,it would be that if you judge whether a company is worth investing or not you based on a set of rigid valuation metrics, you’ll likely perform not more than average from regular folks out there..

@Philip
Fellow QL shareholders need some confidence boost from you as you know the company well enough to justify its high PE ratio. (Yes,it’s been mentioned MANY times) but like your physical meal, it doesn’t harm to hear from positive justification thrice a day,especially from experienced investor like you.

@gemfinder “stuck in high price” is non-existent to me as I’m not a trader. As long as company earning money,did not misuse shareholders’ money then I’ll let my fund sit and grow la. Btw why you so angry? Ci hai sin jor ar sei on 9? :D

@undukngadau yup,cheers bro!

Nowadays punters goreng by sector. It used to be GenM,banks,furniture,then they proceeded with O&G.plantation,steel. It’s only matter of time before they come to plastic haha. Though I prefer the share price to reflect company’s value than letting ppl goreng up and down as they cause long term investors to not have an entry point should they decide invest into a company.

Just curious,does anyone know the rationale behind their venture into property sector? The company’s seems to do well on paper,but IMO dipping into the property market makes little business sense in terms of establishing synergy with their plastic business. What makes them think they can compete with existing property developers who are doing lower cost property? Looking forward to be enlightened by someone here.

Someone needs to learn that not everyone invests in a company for a quick buck lol. Punters can go with the herd fall off the cliff, if it were so easy to make a profit in the stock market everyone would’ve made a fortune. Fortunately for those with holding power,I’m talking about yearrrssssss of holding power,we’ll just buy and let it do its work. As long as the company is pulling in a profit year after year,there’s no reason to sell.

@bilisyangmemangkecil,telurpunkecil haha

Lose 80% for a growing strong profitable company just listed in KLCI 30 INDEX?! Someone must be high sniffing them cocaine to be confusing superman with a goreng loss making company haha..

More often than that,these clowns disappear when the share price rebounds hahaha..

Let’s watch closely first,don’t buy solely on news..hopefully it’s something positive

Dr.Chia is also the chairman of boilermech, perhaps some complementation of POA and Boilers

Could it be merging of QL and Boilermech? As QL is the biggest shareholder of Boilermech..sounds like a good news :D

https://youtu.be/w8CzqiyD9CY

@stockraider wah tqvm for the info yooo,spent so much of your precious time to put money in our pockets...ok lah tomorrow I ALL 9 IN insas! You wait ya...just wait..wink wink :p

@stockraider you “all in” insas is it hahahaha..kecian need to do hardsell promoter everyday lol. :’D

@Philip
I noticed QL’s share price very often get a push right before the market closed. For eg intraday the price would fluctuate between rm6.21-6.27..then right before the market closed,the price would suddenly shoot to rm6.36. Any comment based on your experience?

@pinnaclegrade thanks for the info..
Let’s hope the uptrend rally continue tomorrow :D

@sslee
EPF had been buying and selling QL all these while,you must have not been looking..with I-Sinar where do you expect EPF to cash out from? Lol.

Any pro can comment further on TA part?

Woohoo!

If the AR satisfies all my above criteria,then only I’ll look at other macroeconomic factors like demand,competitors etc. if fail above criteria I won’t look further.

@unduk
Can you share your view on QL? I’m a share holder of QL as well haha..

@rainbow
Before I decide to invest in a company,regardless of the macroeconomics,I always make sure to flip open their annual report first. Purpose of doing so is to:
1.) know briefly what does the company do to make money
2.) is the company earning money in terms of net profit consistently over the past 3-5 years? (Preferably longer la..)
3.) I prefer slow and steady growth,think QL/TGuan lol..cuz if a company last year earn 1mil..suddenly this year 120mil..that prompts me to scrutinize further..takkan suddenly profit jump so much in a year?
4.) Next I’ll make sure the company has so much cash that it can cover its short term borrowing,but ideally,I’ll want the company’s cash,or at least the total current assets 1.5x its TOTAL LIABILITIES.
5.) if a company satisfies point 4,I won’t be afraid the company bankrupt even in financial recession..
6.) if a company consistently making profit over the years,that’s not enough.Because profit means nothing if they can’t collect the money.That’s where you check if the “receivables” in their current assets,if receivables increases at a rate higher than their revenue,you know the company got problem collecting money lol.
7.) last I’ll take a look at their cash flow statement la,see whether the profit are organic. Cuz the profit can be fabricated by means of selling their properties,INVESTING in OTHER companies! Those are red flags.

Ok la that’s all for now, you gotta read a lot I can’t type all out lol.

@undukngadau no problem,who knows you would’ve helped me discover a gem lol.

Having said that,TGuan is in a much healthier financial position compared to MFCB based on financial report alone la,can use my same thought process to apply in TGuan latest QR.

I took a look at mfcb’s share price trend,it does look good on the surface. So I quickly read through their latest sept QR. Here’s what I found (I’ll opine rationally, disclaimer I don’t own mfcb shares,and figures in rm’000)

1.) something that pops out right immediately is their YoY net profit took a huge leap from 15,568 to 107,754.

So I’ll wonder where does this huge profit come from...?

2.) I found that in the cash flow statement under operating activities,net change in assets -143,222.

3.) under cash flow for financing activities: they took a huuuggee loan of 628,217.

4.) hence their cash and cash equivalents at the end of period jumped from 87,954 to 129,804.

5.) next,the asset quality. First glance..total non-current assets wayyy more than current assets. To my surprise, their non current assets mostly made up of Intangible assets lol, up to 76.2%, which cannot be taken into account when calculating price value per share. If I include “goodwill” into its weightage,the numbers gonna be way more uglier.

6.) now current assets,it has cash reserve worth of 144,486. But the short term borrowings already amounted to 149,106. Do you think they can pay off their short term debt? I doubt so..again I haven’t even included its long term debt..

But the share price memang nice...all the way up over the years..

In conclusion: MFCB’s latest jump in net profit attributed to selling assets,it doesn’t have enough cash to pay off debt in short term. If the company goes bankrupt there really isn’t anything valuable to say the least.

TLDR: MFCB is overvalued. Just my 2 cents, cheers.

@aaronsia thanks Aaron for the reference :)

@rainbow0721 my advice to you: hold tight tight and don’t panic sell. The company didn’t close down,yes? If you drop by their factories in SgPetani,you’ll see their factory still operating as usual,yes?

Not convincing enough? Ok..open up their latest QR/AR2019,is the net profit increasing year by year?Yes. Is the company heavily in debt?No.

So..why do you worry when you are investing in a SOLID company? This is not some loss making shady companies hello..

When share price rebounds,they can happen aggressively..all it takes is a positive stimulus.For example.. supermax rocket surged 0.58cents today,all within 30 minutes before market closed hahaha..

@hoiz6011 no offense taken no worries,it’s good to have opinion from different POV,it enables us to see things rationally. :) regarding 1b target,ang see ming said that during their agm is it?

@hoiz6011 we can really cut them some slack,many people are getting retrenched,you can hardly find ppl in the mall,tourism,construction making losses quarter over quarter, you expect record high profit from tguan? It’s unrealistic to say the least.Did they promise to hit 1b in FY20?No.