Aiyoyo Osk Go read QR alrdy specify spending 3.6Bil on US factory/capex

Stuck boring range..soo fast almost mid-Oct/weekend..another day closer to Nov/Dec QR massacre

Cash all gone 4 US factory..no cash 4 shareholder div = no use to share price

Since dont intend to exit at current range (loss too big), better just delete app no need see price everyday

Price range getting lower&lower every week making new low

Last time give chance exit higher @ 3/4/5/6/7 dont want..now dont complain soo much

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Profit growth all old story..now is profit shrink

TG (3x supermx capacity) only make 600Mil profit (expected going lower)..can guess how small supermx future profit will shrink

Need patience 65sen (prepandemic price) is marathon..not sprint

Yup really no brain buy current price..anytime can drop 10sen

Slow day stuck boring range..zigzag down nicely while waiting for Nov/Dec QR massacre

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Walao skyu used to be glover..looks like alrdy join dark side suddenly talk good sense

Aiyoyo pjseow if betting here gives u joy, then u got serious mental problem

Anyway no need panic about QR yet..nxt selloff trigger most likely 1-off gov donation announcement (if got) coming budget 2022

Relax djoker ofcos u dont care b’coz stuck too deep in the hole no hope alrdy muahahahahaha

Price doesnt care whatever profit comes out..only care about future profit expectations

Supermx/Harta/Kossan all report strong profits last QR..unfortunately TG showed how low future profits will be - causing 35% drop in 1 month

Too late 4 regrets when 50%++ loss cannot do anything alrdy

Now need mentally prepare for great Nov/Dec QR massacre..price will get much2 lower

Aiyaa pjseow u got no credibility/experience to make price prediction..proven wrong soo many times alrdy

Sure many here regret ever listening to u

By the time ASP stabilise early nxt yr, alrdy 2 bad QRs..price also near 65sen alrdy

Steady GenT..everywhere opening - easy 15%-25% by year end esp with other sectors getting expensive

Ding3 2.16 new low closing..also yearly low..another red day tomorrow means break new low

Usually QR out late Nov but sometimes earlier just wait&see..surprise QR massacre more exciting

Dont so stress..better start mentally prepare from now 4 nxt month QR massacre

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Any QR profit drop will bring (-) sentiment, regardless IB expectation

Above expectation just means less drop..bad QR - prepare 4 massacre down to 1.5

Dont dream 10sen div..they need save money 4 higher cost US factory + fend off china competition

Morning goreng fail usually followed by evening selloff..lets see if can make new low

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Today gloves Big3 green..tomorrow all need turn red again, including supermx

Deyy never read QR meh..tay kor alrdy announce using 3.6Bil for US factory/capex aiyoyo

Aiyoyo domdom no need explain soo detail ur wealth online..nobody cares/believes

The only irrefutable fact is poor glover cannot even sell (1 TG+1 supermx) for 1 GenT anymore..must feel really silly huh lol

Aiyaa domdom go back to ur miserable glove counter

Now even sell 1 TG + 1 supermx not enough to buy GenT anymore..need topup xtra cash

Pjseow Remember u always list down IB high TPs to justify own high TP rm6/7/8 calculation based on nonsense assumptions..just shows ur inexperience

For stable industry/stock, IB TPs can be good guide

For glove bubble where ASP nonstop drop, u follow IB TP u die

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Harta/kossan both near prepandemic level alrdy..supermx 3x more overvalued than Harta/kossan

Dont be surprised if harta/kossan stagnant while supermx heavy drop..expecting huge Nov/Dec QR massacre

Prepandemic (current)
———————————————
Harta - 5.5 (5.9 @ 1.1x)
Kossan - 2.1 (2.4 @ 1.1x)
TG - 1.5 (2.8 @ 1.9x)
Spmx - 65sen (2.2 @ 3.4x)

Steady..RWLV going strong, GenS borders open, GenM starting operation..only thing missing is div

Wait year end see how high can go..definitely much2 higher than current level

Ding3 2.19 new low closing..another day closer to great Nov/Dec QR massacre

Better go sleep than wait superman fly..big bloodbath coming nxt month

Really the best if coming QR only give treasury shares & no cash div..ultimate kiasu..will make price drop faster

Glovers paralysed at current price..alrdy 50%++ loss - too late to exit

Now just have to ride the wave all the way..prepare final destination 65sen (prepandemic price)

Ding3 new low unlocked..no need panic yet worse yet to come

See director selling soo many shares..more excited wait coming great Nov/Dec QR massacre

Now only left 3 type baghodler:

1) Enter last yr 100K make profit become 200K..then topup sailang 500K chase high until now huge paperloss

2) Enter late chase high until now huge paperloss

3) Catch falling knife until now huge paperloss

P/s: Lai raise hand under which category

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Jeng3 Maybank

ASP could return to pre-COVID levels of US$23 (peak 2021 @ USD130) by mid-2022.

With the stiff competition from China, we believe the oversupply situation could potentially extend longer - inevitable price war.

The threat from China is real. Already, to seize the market share, the Chinese glove makers are selling their gloves at more attractive pricing in Europe relative to their Malaysian counterparts.

We Downgrade the sector to NEGATIVE (from NEUTRAL). We are SELLERS for Top Glove, Hartalega and Kossan.

Aiyaa mercator just technical rebound from record low..nothing special

Supermx also last time rebound 15% from new low (2.2-2.55)

Give some time both also will break new low esp coming Nov/Dec QR massacre

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