Waiting for next week Hartalega and Kossan QR announcement

Supermax rebound today closing green
Tomorrow public holiday

Short selling not active nowadays to push down share price below RM2 just short term retailers and local institutions net selling nowadays

Supermax strong buy queue 1 millions+ 2.16,2.15,2.14 not easy to push down share price now

All glove stocks down today and share price downtrend still continues

Short selling very low around 500k every day less than 1% total daily shares volumes

Last year final dividend declared end October and payment 2 months later early January

Kossan and Hartalega QR release coming less than 2 weeks.Supermax today strong support 2.15 more than 1.6 million buy queue

Total short selling drops to 66 millions as of yesterday

Waiting for Supermax share price stabilize as everyone waiting for Hartalega and Kossan QR another 2 weeks

Strong support 2.15 with more than 1 millions shares queue buy

Kossan and Hartalega QR release next 1-2 weeks but Supermax most probably end of next month

Lowest price should be be pre pandemic price in 2019 around 80-90 sen

Net short selling yesterday only 556k but price drop 10 sen with high volume 24 millions shares and total short selling already drops to 67 millions from 80 millions

Director keeps disposing Supermax shares not a good signal

Careplus next strong support RM1 as heavy selling continues

Downtrend and heavy selling continues as 2.20 support is broken

Really sad for those buying Comfort now another selling down to next support 1.10

Worst case is pre pandemic price in 2019 between 70sen-90sen

Careplus and Comfort going to join Ruberex below RM1 pre pandemic price in 2019

Comfort pre pandemic price in 2019 is between 70-90 sen and today support 1.20 is going to be broken

Glove stocks still very weak sentiment and still downtrend

Many retailers trap buying high price above RM2+

Top Glove still green but other glove stocks red sea

Too high debts RM800+ millions and rights issue only able to raise RM140+ millions

Very disappointing hopeless break new low 1.24 next support 1.20

Careplus selling pressure very strong 1.10 support broken

Supermax closing green rebound waiting next QR result end of November

Hartalega falling down 10 sen today closing 5.89 waiting for upcoming QR result end of this month

Supermax strong support 2.25 today buy queue 1 million shares

KUALA LUMPUR (Oct 7): Glove makers have paused on share buy-backs despite stock prices nearing their lowest in a year.

In an Oct 7 note, TA Securities analyst Tan Kong Jin said that the average selling price (ASP) of nitrile gloves declined to US$40 to US$45 per 1,000 gloves in September compared with US$45 to US$50 per 1,000 gloves in August. Similarly, latex gloves' ASP dropped to US$30 to US$35 per 1,000 gloves in September versus US$35 to US$40 per 1,000 gloves in August.

"Going into October, we expect the nitrile and latex gloves' ASPs to be at US$35 to US$40 per 1,000 and US$25 to US$30 per 1,000 gloves respectively, representing about 8% to 12% month-on-month decline.

Tan, who has a "neutral" stance on the sector, maintains his "buy" calls on Hartalega and Kossan with lower target prices (TPs) of RM7.11 from RM10.30 previously, and RM2.71 from RM3.92.

He has maintained "sell" calls on Supermax with a lower TP of RM1.80 from RM2.71 previously and Top Glove with an unchanged TP of RM2.60.

Those buying previous high price 3+/4+/5+/6+/7+ hope for dividends but share price everyday drops

Still downtrend until next QR end November

Almost back to pre-pandemic price 10sen

Next support level 1.20

@kbtsyl68... Those investors who sold earlier very good decision as they can buy much lower price now

Supermax down but KLCI index shoot up 29 points

Closing lowest 2.24 but KLCI index up 29 points

Rebound closing green

Kossan bleeding again non stop selling everyday

Weak rebound

Another deep red sea KLCI index closer to breaking critical support level 1,500 points from yesterday closing 1,522 points

Another deep red sea KLCI index closer to breaking critical support level 1,500 points from yesterday closing 1,522 points

Hopeless price lowest

Tomorrow selling pressure continues for all glove stocks due to breakthrough news of Merck Covid-19 pills and strong rally of recovery stocks in US markets last Friday

Tomorrow selling pressure continues for all glove stocks due to breakthrough news of Merck Covid-19 pills and strong rally of recovery stocks in US markets last Friday

PETALING JAYA: Malaysia is negotiating to procure an experimental Covid-19 antiviral pill which can halve the chance of deaths or hospitalisation.

“As we transition to living with Covid-19, we will be adding new, innovative treatment options to our arsenal in addition to vaccines,” said health minister Khairy Jamaluddin on Twitter.

“I have already started negotiating for Malaysia to procure these effective drugs that have gone through clinical trials.”

Khairy attached a link to an article by news agency Reuters which said that the pill, which is being developed by the US-based Merck & Co and is known as molnupiravir, has been hailed as a “potential breakthrough” in the battle against the virus.

PETALING JAYA: Malaysia is negotiating to procure an experimental Covid-19 antiviral pill which can halve the chance of deaths or hospitalisation.

“As we transition to living with Covid-19, we will be adding new, innovative treatment options to our arsenal in addition to vaccines,” said health minister Khairy Jamaluddin on Twitter.

“I have already started negotiating for Malaysia to procure these effective drugs that have gone through clinical trials.”

Khairy attached a link to an article by news agency Reuters which said that the pill, which is being developed by the US-based Merck & Co and is known as molnupiravir, has been hailed as a “potential breakthrough” in the battle against the virus.

Really very volatile week for glove stocks next week as emergence of Merck Covid pills and other recovery stocks consumer,tech,oil and gas,aviation,gaming and financial rebound next week after yesterday US market up 500+ points

Really very volatile week for glove stocks next week as emergence of Merck Covid pills and other recovery stocks consumer,tech,oil and gas,aviation,gaming and financial rebound next week after yesterday US market up 500+ points