New low closing on daily & weekly..super bearish!!

Overall another green week compared to last Friday (5.06) @ 4th green week in a row..Happy weekend GenT warriors!!

Weak closing..fengshui not good mybe b’coz billg change side or serba bad energy come here

False alarm, goreng cancel..cases up but stagnant

6.8K cases today!! Chance to goreng??

Lol investoz44 caught lying..these scammers everyday say buy with monopoly money

Boring morning..just normal 2%-3% down

Fyi next week is last under KLCI premium(only 6 months in klci soo sad)

June 21 effective kickout, another round of selling

Post removed.Why?

Morning show over..wait evening covid numbers mybe can support price

Aiyoyo as good investor/biz owner, where got sensible to buy when price overvalued

Mergers/acquisitions all done when undervalued

Div earned cannot compensate capital loss, esp for glove with downside potential mybe 50% more

Keep urself long term..make loss only

When this drops to 2, thats 85% drop from peak @ among biggest drop in history for big cap stock

Hodlers can tell their grandchhildren - grandpapa was part of ‘that’

No one asking to cutloss..just pointing out data & further downside potential

Hodlers prepare for more pain..others just stay away unless short term sniper trading

Every year got glove shortage but that doesnt mean ASP can maintain high

B’coz overproduction, 2022 shortage expected even less than 2019

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 dropping)

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

TG is biggest market player so deserves higher PE compared to Supermx

But PE not indication of fair value..both TG/Supermx also going down

Trust what fundamentals can support current valuation??

Shorter lead time, lower ASP, oversupply, normalise demand..all pointing towards pre-pandemic profit levels

Basically hammered str8 down from 5.0 until now 3.75

Past 15 trading days, only got 2 small green days

Nice early breakdown..made new low & going lower

Post removed.Why?

Have a feeling big move coming today..lets finish the week strong!

Company no more cash outstanding for shareholders

3.6Bil alrdy set aside for US factory/capex & 300Mil for payout div 13 sen (3.9Bil cash all gone)

Everything other than gloves look attractive

Supermx going to fall soo hard & remembered in history among those that take years/may never ever recover

U think US factory no need use money issit?? Ofcos need deduct from cash balance

Company no more cash outstanding for shareholders

3.6Bil alrdy set aside for US factory/capex & 300Mil for payout div 13 sen (3.9Bil cash all gone)

Aiyoyo where got undervalue..do comparison enough:

1) ASP dropping 15%-25% mentioned in latest QR

2) 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

3) 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

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

5) Given ASP back to pre-covid level, future profits can at most double pre-pandemic level as capacity doubles

6) With such low future profits, Supermx is definitely OVERVALUED as share price heads towards pre-pandemic levels

P/s: Pre-pandemic price is 65 sen

Post removed.Why?

Go to Genting forum to promote..this is Supermx forum

Looks like meeting some upper resistance..nvrmnd just keep knocking on the door & will eventually break

All gloves giving back yesterday’s gains..very bearish signal

Only 5.6K cases today..not enough to goreng

MY glove usage less than 1% global demand..lockdown extension means cases drop faster = share price drop faster

Walao dont dream 15% future div yield

Nice TG selloff from 4.94 to 4.82..bilis never learn always chase high

No need fearmonger about UK..even cases up, hosp rate still very2 low

Aiyoo 6.2 long way alrdy

2019 prices adjust after share split:

Supermx @ 1.5/2 = 75 sen

Tg @ 4.5/3 = 1.5

TG afternoon late selloff all turning red..really trap early morning

Post removed.Why?

Post removed.Why?

Post removed.Why?

MIDF cut its target price (TP) to RM5.73 (from RM8.29).

MIDF is forecasting Top Glove to make RM2.47 billion for FY22.

** TG’s Q1 for FY22 starts Sep-Nov 2021..which means MIDF expecting TG average 600Mil/qr by year-end!!

Anyone that waited 6 months for lower lead time/ASP/volume to materialise in QR b4 re-evaluating their glove position now become huge bagholders

FA is laggard..all bad projections 6 months ago (lower lead time/ASP/volume) only now starting to reflect in QR while price alrdy go down 1st

Post removed.Why?

Obviously TG goreng today to lift whole glove sector but 2nd level bilis not taking the bait

Anyway dont try to explain short term price movement..looking at mid/long term trend, fundamentals deteriorating faster than expected & all gloves going DOWN

ASP will go back to pre-pandemic level b’coz that is the price that deters new players

Once ASP reach bottom (pre-pandemic level), it wont go back up..otherwise, new players will just keep coming in

Post removed.Why?

Post removed.Why?