Top Glove so strong uptrend and benefits a lot if glove demand and ASP increase as US CBP ban already lifted end September

Last year peak of Covid also never happen before limit up 30%...Next week trend is very important for further uptrend

The real turning point is when ASP start to increase if this new variant causing vaccine ineffectiveness and record high hospitalizations and deaths

Long term shareholders buying to average down and buyers more than sellers today

Top Glove QR 2nd week December

Next week end November Canada audit report of labour issue will be out as stated by Supermax QR report...Next week Friday is also the 5 sen dividend ex date for Supermax

Glovers are long term investors accumulate more at lower prices to average down their initial high buying price previously.Glove stocks still downtrend mode until ASP normalized end of 1st quarter next year.

Next coming QR release in February next year will be very worse for Supermax compares to other glove shares due to US CBP ban,Canada federal contract ban and ongoing UK investigation and falling ASP 10% monthly/30% quarterly.Share price continues downtrend with high selling pressure.

Supermax and Kossan closing red but Hartalega and Top Glove closing green...Waiting for Top Glove QR release another 2 weeks

Disaster for Supermax if all top 3 buyers US,UK and Canada ban Supermax glove and coming QR release February next year will be very worse

All gloves shares technical rebound closed green especially Kossan

Short seller buying back Supermax shares at much lower prices very aggressively since last week and very likely net short position will reduce further to 0.5% by end of this week

Looks like short sellers buying back millions of shares today and will know by Bursa report tomorrow morning....Net short selling as of yesterday 1.09% or 29 millions shares

Downtrend continues as very bad sentiment persists waiting for UK government investigation report on Supermax labour issue

Congrats to those who exit before ex dividend date and buy back below RM5 now

Now Supermax under heavy selling pressure after Top Glove and Hartalega next support 1.60-1.65 today

Supermax share price still strong compares to Top Glove and Hartalega heavy selling pressure

Hartalega breaks critical support RM5 really very bearish sentiment...Time to average down for those trap at high prices RM6+,RM7+,RM8+,RM9+

Yesterday RSS buying back Kossan 5 millions shares and not buying back Top Glove,Hartalega and Supermax

The government has launched an investigation into one of the NHS’s main suppliers of personal protective equipment over its alleged use of forced labour.

Officials at the Department for Business, Energy and Industrial Strategy (BEIS) are investigating Supermax, which won a £316m contract for 88.5m rubber gloves as the Covid pandemic began to unfold.

Asked by the Guardian for details of the inquiry, a government spokesperson said: “We take allegations of this nature very seriously and we are investigating the claims made against Supermax. We have made strong commitments to eradicate modern slavery from all contracts in the government supply chain.”

The government made clear that the investigation could lead to Supermax being banned from supplying the NHS. “A proper due diligence process is carried out for all government contracts and our suppliers are required to follow the highest legal and ethical standards. If they fail to do so we will remove them from current and future contracts,” the spokesperson said.

Hartalega closing new low 5.06 after dividend ex-date price 5.54 downtrend continues towards JP Morgan target price

Supermax strong buying support 2 millions shares 1.70 and 1 million shares 1.69

Long term shareholders average down until bottom price and wait for next pandemic surge....Short sellers are covering back their net positions very aggressive to 1.09% as of last Friday and by end of this week should reduce further to 0.5%

Downtrend continues to hit JP Morgan target price RM4 very depressing for all glove shares

Supermax net short position falls again to 29 millions shares equivalent to 1.09% after short sellers aggressively continue share buy back from highest 80 millions shares in September

Malaysia ASP falling every month towards RM25-30/box as in November from highest RM50-60/box early this year...ASP will normalize another 4-6 months until Mac/Apr next year

Supermax coming QR in Feb next year profit after tax will be impacted severely compared to other glove companies due to full impact of US CBP ban and Canada federal contracts ban + falling ASP 10% monthly

Today Supermax most steady drops 1 sen only compares to other glove stocks red sea

Supermax today strong buying support 1.70 and 1.71 with 4 millions+ queue buy

How low Hartalega can drop to reach closer to JP Morgan target price RM4 until ASP fully normalized by 1st quarter next year (March 2022)

Looks like net short selling Supermax will drop below 0.5% by next Monday/Tuesday

Unbelievable Kossan share price drops below latest JP Morgan target price RM2

Yesterday another huge buying back by short sellers 10 millions shares and net short selling falling to just 31 millions shares equivalent to 1.15% from previous highest 80 millions shares in August/September

Let see how many millions shares short sellers buy back today from net short selling 41 millions shares as of yesterday

Short sellers are buying back millions of Supermax shares soon by next week net short selling of Supermax shares will be reduced to less than 1%.Yesterday short sellers bought back 16 millions shares and if this trend continues only 3 trading days needed to buy back the remaining net short selling 41 millions shares

Yesterday short sellers aggressively bought back 16 millions shares and net short position drops to just 41 millions shares equivalent to 1.52% from previous high 80 millions shares equivalent to 3% in August/Sept

Another 5 sen dividend only but above expectation RM638 millions profit after tax....The real bloodbath QR hv to wait next QR release in next year Feb due to full impact of US CBP ban and Canada federal government contract ban

Short sellers few days buying back few millions of shares daily from highest total net short selling 80 millions down to 55 millions yesterday

Today Hartalega heavy selling pressure drops more than 20 sen after dividend ex date price 5.52...Hartalega historical 5 year lowest price is 4.60+

Today Hartalega heavy selling pressure drops more than 20 sen after dividend ex date price 5.52

Supermax down 8%+ yesterday but net short selling drops to 57 millions shares....
3 millions shares bought by short sellers yesterday

No US and Canada import ban like Supermax also drop less than RM2 really very disappointing

Top Glove green other glove stocks red sea

Kossan going to break RM2 support today really very sad news for shareholders

Hartalega down few cents after dividend ex-date price adjustment 5.52

Supermax very high selling pressure today double import ban by US and Canada within 1 month...Share price falls the most 8.3% among all glove stocks

Supermax short sellers buy back 5 millions shares yesterday and net short selling drops to 2.2% only

Double import ban from US and Canada within 1 month really very bad news for Supermax.Expecting high volume selling pressure tomorrow from last Friday buyers to cut loss/take profit.

KUALA LUMPUR, Nov 14 (Reuters) - Canada has paused imports from Malaysian glove maker Supermax Corp as it awaits the results of an audit, weeks after the United States barred the firm over allegations the company uses forced labour.

Malaysian factories making everything from medical gloves to palm oil have increasingly come under scrutiny over allegations they abuse foreign workers, who form a significant part of the manufacturing workforce.

After the United States suspended Supermax imports last month, Canada's Public Services and Procurement department said on Wednesday it was holding Supermax deliveries as it awaits a report expected mid-month from Supermax Healthcare Canada.

"In light of the current situation, Canada has engaged with the company to seek assurances that Supermax Corp is not engaging in forced labour practices," the department said in a statement.

KUALA LUMPUR, Nov 14 (Reuters) - Canada has paused imports from Malaysian glove maker Supermax Corp as it awaits the results of an audit, weeks after the United States barred the firm over allegations the company uses forced labour.

Malaysian factories making everything from medical gloves to palm oil have increasingly come under scrutiny over allegations they abuse foreign workers, who form a significant part of the manufacturing workforce.

After the United States suspended Supermax imports last month, Canada's Public Services and Procurement department said on Wednesday it was holding Supermax deliveries as it awaits a report expected mid-month from Supermax Healthcare Canada.

"In light of the current situation, Canada has engaged with the company to seek assurances that Supermax Corp is not engaging in forced labour practices," the department said in a statement.