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Clearly Supermx most OVERVALUED among the rest

Jump the most last year..will DROP most this year

Prepandemic (current)
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Kossan - 2.1 (3.15 @ 1.5x)
Harta - 5.5 (7.0 @ 1.3x)
TG - 1.5 (4.0 @ 2.6x)
Spmx - 65sen (3.25 @ 5x)

July 1 - Exploitation of workers in the Malaysian medical glove industry has worsened during the COVID-19 pandemic, according to new research carried out by a partnership led by Newcastle University.

"The UK Government should use its purchasing power to address exploitation in supply chains more meaningfully. It should also put the prevention of forced labor abuses at the center of the planned Procurement Bill, which will set out the rules for the public sector", said Professor Hughes from Newcastle University's School of Geography, Politics and Sociology, who led the research.

2nd day open below 3.3..lets see if can close lower today

The longer 3.3 holds, the harder the fall

Be realistic..If glovers not affected by latest ASPs b’coz price lock, then TG QR wouldnt drop 30% instantaneously

Supermx even more affected b’coz rely more on spot orders than TG

Just wait&see - only 20++ trading days away all will be revealed

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Tonee Lets get to 3.0 by next month QR..then another 15% drop (2.5) after QR 500Mil profit

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Glove666 Better luck in future investments!

Glover report card this year @ 10% dividen + 50% capital loss

Glover report card next year @ 4% dividen + 80% capital loss

Which ‘big fund’ wants this report card..bilis definitely likes this (still higher return than FD)

Nice little rebound to start July..steady2

Despo genting traders..prob stuck high until have to come here

Yeah laa go promote in Genting forum..come here 4 what, soo desperate aa

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Glovers saved by 7K cases today..tomorrow different story

Big funds not touching..sharks goreng 10sen, can easily drop back 10sen when they exit

Door alrdy open down to 3.23..will definitely visit that price again

No worries ur 3.0 will come..these short term goreng dont go far

Walao 6.9K cases today, no wonder suddenly goreng

Just EMCO whole KL/Selangor (3.8K cases @ 55%) let other states loosen up

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Be patient..ur 3.0 will come no worrries

Tuesday goreng 4.55 alrdy down 9% in 2 days

Dare to goreng downtrend, prepare to get burned

These prepandemic ASP/oversupply issues been discussed for months..no surprises for frequent readers

Wait IBs adjust their projections when new data comes in - by then alrdy too late

Prepandemic ASP = prepandemic profits = prepandemic price (65sen)

CIMB - supply to increase 60% by 2023
(how to support ASP when demand only growing 10% annually @ oversupply)

CIMB - ASP will decline to prepandemic levels
(Duhhhh new players will keep coming in until ASP drops to prepandemic levels @ historical price that deters new entry)

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Covid NOT death sentence anymore..elderly/high risk group alrdy protected by vacc while young/healthy people have low risk of hosp/death (mostly mild flu symptoms)

As UK health expert said, children/teens (low risk group) may be better off getting infected & develop natural immunity

Data is cautiously optimistic.as GloveF always say, let time reveal everything

No need fearmonger UK - children/young people very2 low risk
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Professor Robert Dingwall, a government scientist who sits on the JCVI group which advises on vaccines, said children may be “better protected by natural immunity generated through infection than by asking them to take the ‘possible’ risk of a vaccine”.

In a detailed Twitter thread, he said: “Teenagers are at intrinsically low risk from Covid. Vaccines must be exceptionally safe to beat this. Given the low risk of Covid for most teenagers, it is not immoral to think that they may be better protected by natural immunity generated through infection than by asking them to take the possible risk of a vaccine.”

And he said: “A last wave of mild infections in unvaccinated younger people may well be what we are now seeing.”

As long as infection doesnt turn into hosp/death, let it infect (like the flu)

No one wants ur gloves..please hodl all the way down to prepandemic level (Supermx 65 sen/TG rm1.5)

“Stop daily case updates as virus no longer an 'important cause of mortality', says UK JCVI scientist”

“Stop daily case updates as virus no longer an 'important cause of mortality', says UK JCVI scientist”

No need fearmonger UK - medical experts alrdy explain case numbers no longer turning into hosp/deaths b’coz of vacc

UK hosp only 1.6K (4% of Jan peak 39K)

UK ave daily death just 19 (1% of Jan peak 1.2K)

UK hosp only 1.6K (4% of Jan peak 39K)

UK ave daily death just 19 (1% of Jan peak 1.2K)

UK/Israel medical experts alrdy explain case numbers no longer turning into hosp/deaths b’coz of vacc

The longer 3.3 holds, the harder will fall..let the show begin

No need fearmonger UK..their hosp/death very2 low

Glovers soo desperate going other rooms to promote lol

BTW Welcome to July GenT warriors!!

Tonee Aiyoyo u read the projections properly..got big table - Jun2021F approx 3.3Bil..currently cumulative QR alrdy 2.8Bil - so coming QR expect 500Mil

P/s: Prepare to CUT in 1 month lol..need change name to lady (Toni Braxten) after this

Yesterday RHB expecting coming QR 500Mil profit & reduced TP to 3.4

For TP calculation, RHB assumed annual profits 2.4Bil (600Mil/qr) in 2022 & 1.5Bil (375Mil/qr) in 2023

No way thats achievable since coming QR also expecting just 500Mil profit

Expect further future TP downgrades

Tomorrow good chance to break 3.3 last support

After that, ‘Titanic’ song starts

Boomberg Wheres the rumor US takeover this month??

Just change name to Scamberg/Scumbag tomorrow

Tonee Search back yesterday someone post RHB glove research..can see their next QR estimate 500Mil

Tonee All things equal - prepandemic ASP = prepandemic profits = prepandemic ASP (65sen)

RHB expecting 500Mil for Aug QR

50% profit drop + ASP drop announcement = perfect ingredient for disaster

Inflation doesnt mean higher profits..means higher revenue but higher costs (raw material/wage) as well

History alrdy proven prepandemic price was the price that deterred competition..new competitors will keep coming in until price reaches prepandemic price which again deters new players

If higher price was viable, price increase would’ve happened pre-pandemic to maximise profits

Nobody knows what big boss means by ‘slightly’ higher..could be 5%/10%/15%

Anyway this is just his early estimation..More likely competition/oversupply will push it down to prepandemic level or even lower (some competitors may choose to lower price for more market share/volume)

Final verdict - prepandemic ASP max = prepandemic profits max = prepandemic price max (65 sen max)

Walao apologies to pjs, looks like 15% higher ASP does give 2x profits

Anyway, 2x prepandemic profits = 2x prepandemic share price (1.30)..still very2 OVERVALUED

* Fyi ur calculation for 15% higher post-pandemic profits (only deduct 25% tax) is wrong/overstated

**There are generally 3 types of costs - manufacturing/operating/tax

*** The additional 15% higher ASP isnt subject to manufacturing cost (still producing same amount of goods), but still liable for operating costs+tax (u only deducted for tax)..should also discount operating costs % as well

Ding3 3.30 lowest closing this yr..huge bearish reversal, tomorrow follow-thru lower

Keep jumping hard 3.3 floor sure crack eventually

15% higher than prepandemic ASP is negligible to earnings..Too much BS until cannot think str8