down and up....didn't get at lower price

masks are still essential and required, so do gloves, still required in everywhere and medical sector. prospect remains good for gloves sector so far...strong earning unitl year end 2021

can't get the lower price then said the grape is sour.....

too fast...haven't top up enough

very challenging now....either survive or PN17 lol...hope it can survive until covid-19 is over....meantime, 0.40-0.50 is inevitable...be ready to go below 0.50 and 0.45 and 0.40....every 5 for support

slowly wait at RM2 and RM1, i will start to collect slowly while u guys are panic...hohoho

Falling down again....not yet hit 4.00 today

Wtf....up n down....not yet reach my entry price....down more pls

let' see it will hit 4.00 or lower today....

gonna hit 4.00 for sure....

with the spike of covid-19 wordwide (create new everyday), gloves counters is the safest bet to invest....go go go

my 1 lot is 1000 shares, i standby for 10 lots @ 4.00. Vaccine play today again....let's try to get lower entry price

kens88 @playjoy bro.
Your lot is 100 or 1000 shares?
Just curious

jolow, u keep saying bad words, u want to collect low at 3 ar....impossible mission, q to get at 4 lar

I already Q another 10 lots @ 4

1 queue at 4, please sell to me for those keep talking bad on comfort

OK. I WILL WAIT AND ALL IN AT 4....PLEASE SELL NOW

no sign of slowing down for gloves demand.....reiterate BUY CALL......gogogo

falling down due to vaccine news....come on, gloves are still required for the time being until covid-the 19 is totally over.

q more at 4.75

eneterd 10 lots at 4.75

consensus & immediate TP for comfort 5.70

Music still loud at the glove makers' party. (Photo by Top Glove)

Advertisement
Music still loud at the glove makers' party
BY WONG EE LIN & AHMAD NAQIB IDRIS theedgemarkets.com


KUALA LUMPUR (Oct 21): The craze for rubber glove stocks has yet to dissipate. The evidence of it is that the big four glove makers, namely Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd, are among the top 30 largest stocks in terms of market capitalisation on Bursa Malaysia.

The big four rubber glove counters, collectively, have gained some RM147.42 billion worth of market cap. This is equivalent to 36% of the total market cap increase from all the stocks listed on Bursa Malaysia.

The surge in demand for rubber gloves as a result of the Covid-19 pandemic has translated into exorbitant gains. Never before have glove makers made that much profit.

The glove makers succumbed to heavy selldown in August and the first half of September. Just when some quarters thought that the party was over, their share prices just rebounded and recouped most losses.


The world's largest rubber glove manufacturer Top Glove is now just 34 sen or RM2.76 billion market cap short of becoming the largest counter in Malaysia, based on the closing price on Oct 19.

Top Glove soared 409% to RM9.60 yesterday, valuing the company at RM78.17 billion, while Hartalega surged by 210% to settle at RM19, bringing its market cap to RM65.12 billion.

Supermax seems to be winning the race among the four. Its share price leapt more than 14 times, or 1,336%, to close at RM10.70, while Kossan has climbed 248% at RM8.13.

Both Supermax and Kossan joined the ranks of being the top 30 largest counters on Bursa in July. As a result, Maybank IB Research analyst Wong Chew Hann anticipates that the duo may become the 30-component stocks after the review in November or December, should their current rankings sustain.

Supermax is now the 16th largest counter on Bursa with a market cap of RM27.49 billion, from 124th at the start of this year, while Kossan (valued at RM20.8 billion) has climbed to the 23rd spot from the 62nd.

Among the smaller rubber glove makers, namely Comfort Gloves Bhd, Rubberex Corp (M) Bhd and Careplus Group Bhd, have also enjoyed astronomical gains.

Over the seven-month period, Comfort Gloves grew 677% to RM5.08 (valued at RM2.96 billion), while Rubberex jumped 1,223% to RM2.95 (valued at RM2.36 billion) and Careplus surged 1,880% to RM4.04 (valued at RM2.18 billion).

As their share prices have jumped multiple folds, these three rubber glove makers are now valued at more than RM2 billion. This is in contrast with their market cap of between RM100 million and RM361 million during the March equity rout.

then u sell me at 4.99 please

music will stop soon at mahsing, it is comfort's turn now....hahaha

KYY said only stupid investors rushing to buy Mahsing.....we all should by COMFORT, the cheapest and lowest PE amongst glove counters....

be patient, consolidation mode only...covid cases are UP UP UP everyday worldwide. next few qr will be extremely good....

i all in comapny warrant to wait...GFM-WC

ready to hit next rest 5.50-5.55....conservative TP 6.00

care plus can reach 4, why can't comfort reach 8....

missed it at 0.725....too late to buy now. i will skip, good luck guys

well....buy on rumours and sell on news then

where is mahsing news....ceremony ended already without any news....rumours around

well said liquidity, let's wait for the annoucement if rumour is real....

mahsing will shoot more perhaps if it is true...comfort will be steady to break rm5 with or without the news

if it is fact, you should all in mahsing not taking around in comfort here...

where is the news? so mnay rumours around, mahsing buy comfort....

once rm5 is broken, price will stay above...it won't look back....give me 5~~~

rm5 is just "sa sa soi" de la....

6 & 7 is achievable la....top glov and supermx also want to break their new high

more upside will come soon...4.8 obstacle cleared easily...next immediate TP to be break is FIVE~~~~~~give me five

game is just starting....

very high chance to reach and break 5 this afternoon....momentum is coming finally. immediate TP is 5 and thereafter 5.50, 6.00 and so on. Compare to other gloves counters, comfort is the cheapest. let's reach 7 and break new high as Rubberex

partially MCO.....

MCO will come soon....

immediate support at 2.00, next critical around 1.7-1.8....i strongly believe it will hit below 2 for the time being...

-500 for DJ now

this afternoon will hit 2, messy in US now...Trump tested postive Covid and DJ is gonna slump below 27,000

strongly believe DJ will slump below 27k

US amen liao.....still wan election, mayb this is Trump's technic on election...haha

Q3 is still making losses...gonna hit 2.00 and below...get ready your bullets when below 2.00