1sen short of last friday close (5.13)..overall flat week but good news RWLV opening next Thursday!!

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

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Since u newbie, suggest u read past 5/10 pages then can know why price going to 3.0/2.0

Dont be lazy..read 1st b4 investing

Dev Just stay away..u dunno ASP dropping meh

Yup just short term exit opportunity..Mid/long term, going much2 lower

Dont be soo rush to drown..market alrdy discount 50% less than 6 months, what more u want

Have patience still got 6months to reach 3.0 year-end

Good 2 have green day to ‘reset’ oversold position..only then got power break new low..cannot go down str8 line 1

6.4K cases today!! Lai lai goreng2

1) Even if afrika 2x/3x glove usage, still insignificant glove market

2) Virus mutate all the time no need panic..vulnerable group alrdy well vaccinated/protected

Covid mostly fatal to old/disease people..once vulnerable group vaccinated, nothing to worry just mild flu symptoms

Like UK - cases up mostly younger group but hosp/death very2 low so no worries

Afrika less than 1% glove sales so no need focus covid cases there

Focus on US/UK/EU/Asia (95% glove sales) which are all handling covid well & accelerating vacc

Tonee Up to u if want to buy/hodl gloves in future period of low ASP/demand/oversupply/potential CBP ban..prepare for big losses

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Gloves got better chance to down 30% than up 15%

Fundamentals deteriorating every week..covid getting less&less thru vacc/natural immunity

Market havent price-in prepandemic ASP...level 3 will be dream next year, cannot get this price anymore

Gloves oversold..need some green to break new lows

Any info posted here cannot affect price movement..just additional info

If want hodl mid/long term, prepare for losses..if want short term goreng, prepare to get burned

Slightly stronger USD cannot compensate lower ASP/demand..prepandemic profits cannot justify current share price (very overvalued)

No one asking anyone to sell..keep hodl until nxt year below 2.0..nobody cares

Future gloves will sell at prepandemic price/profit margin or even less with soo much competition

Gloves alrdy hyperinflated since last year..Going back down to prepandemic profits/share price (65 sen)

Major glove markets US/UK/EU all saying gdbye to covid

Asia is last breeding ground @ should settle by year end also..glovers KO

Last day in klci..let the show begin

Need to close above 5.13 to maintain 5th str8 green week..stay strong GenT warriors!

Biggest risk is CBP ban..alrdy see (-) effects on TG..mybe can limit down when that happens

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Tomorrow gap down

“Excerpts from FT:
———————————

“The CBP told FT it was in talks with TG, adding these types of orders were only lifted when there was proof forced labor was no longer used”

“TG’s Lim said the US ban was temporary but analysts do not see it being lifted until the end of the year”

Aiyoo 3.90 quite far alrdy but still not bad less than 10% paper loss

Mybe can try sell ’off market transaction’ to bullrun/danny/sinojab/uplanet, their personal TP very high 6-7

Daily low, yearly low..tomorrow gap down - last day klci kickout

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Today volume quite nice but all sell volume..going lower

When know Monday got funds selling (klci kickout), ofcos sell 1st before them

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Tomorrow last day in KLCI!! More sellers in the market

UK covid hosp only 1K+ (peak 39K in Jan), average daily death @ 9

Even UK cases up, its not translating into higher hosp/deaths b’coz vulnerable group protected by vacc..most cases now only flu-like symptoms

Future fundamentals getting weak..price jump from 65 sen to 12++ & now on the way back down

Mid/long term needs to go much2 lower

Strong sell pressure, no buyers..question now traders willing to release at what price (cutloss point)

P/s: TG entering 4.5x level soon

No need fearmonger about UK..their covid hosp very2 low

Many waiting for technical rebound to sell..but will it rebound or str8 down to 3.5

No one wants to buy company with lower ASP/profits at high price

Glovers desperately trying to hype up gloves but unsuccessful..dare to goreng, prepare to get burned

Major glove market US/UK/EU doing great..no need fearmonger things in afrika

TG no spot orders anymore..clearly not selling well alrdy..even got order cancellations

Seems some take opportunity to topup..nice2

Halftime show slow & steady crawl to 3.0

Danny Aiyoyo all my arguments so far is FA (low ASP/demand/oversupply/profit projection etc)

Havent said anything about TA yet (downtrending, below 50/200 day moving average etc)

Ur ‘hope analysis’ nonsense only..whatever hope u have, just keep to urself..market doesnt move based on ‘hope’

Danny If u invest blindly follow local IB TP 6-7, u’ll be eaten up alive by sharks..when every qr got TP downgrade, how can u trust their current TP aiyoyo

Ur nonsense really next level

Danny So far i see u full of nonsense only..just hopeful - no data to support at all

Aiyoo JPM not interested to manipulate MY small fishmarket lol

Even local IB..see TG TP from 10-8-6-now 4++..nxt qr local IBs another downgrade TP 3++

For now, based on mgmt guidance, market pricing-in ‘LOWER’ ASP/profits

Eventually when biz environment becomes clearer, market will be pricing-in ‘LOWEST’ future ASP/profit

Thats when bloodbath starts

JPM target 2023 TG profit 670Mil annually - Supermx sure make less than that

If Supermx even gets 500Mil (optimistic) profit annually in 2023, then 2023 forward EPS 19 sen

PE 5-10 gives share price 95 sen-rm1.9

ASP alrdy falling 30%, will be back to prepandemic level faster than expected

Local IB TP can throw in toilet bowl, every qr got downgrade..want professional TP, follow JPM TG TP 3.5 since last year never change

Local IB every qr downgrade TP same like misleading investors..if in US like JPM, sure diu alrdy

1) Info from MARGMA:
2018 - 12Bil shortage (shares 50 sen)
2019 - 40Bil shortage (shares 65 sen)
2020 - 100Bil shortage
2021 - expected shortage 80Bil

Glove shortage/ASP alrdy starting to fall

2) Global demand 2022 480Bil
MY production 2022 320Bil
IntCo production 2022 130Bil

2022 glove shortage 30Bil - even less than 2019 shortage 40Bil..havent include production from EU/Thai

3) Summary: With lower shortage in 2022 than 2019, only logical ASP return to pre-pandemic level