I thnk the glove counters are holding up probably bcos of expectation the Gov't will allow the gloves factories in Selangor to operate again soon. Once can operate TG will up at least 20-30c.

@Beary https://www.youtube.com/watch?v=3ogEHjL27vg&ab_channel=CNBCTelevis...
https://www.youtube.com/watch?v=D5u11-l0f1k&ab_channel=NBCNews
This should send a chill down the spine of short sellers.
Tick tock tick tock...
Time is running out....
LOL...
13/07/2021 11:51 AM
-----------------------------------------------------------------------
US would be facing a human catastrophe in coming months. Most of the unvaccinated are anti-vaxxers, Trump supporters and distrust the Health Authorities. They will self medicated at home with drugs and prayers. They think the Covid is a hoax, its just a kung flu, but Delta is a different monster altogether. The US daily official numbers do not reflect the real scenario, which likely to be many times the unreported numbers. Covid will thrive where ppl underestimate its danger. Good example was India, which had an explosive surge out of the blue. Same thing will happen in US, when it explodes, already many will be in dire conditions or dead, in the many of thousands numbers.

https://edition.cnn.com/2021/07/12/health/us-coronavirus-monday/index.html

As the Delta variant rapidly spreads, US hotspots have seen climbing cases -- and an expert warns a "surprising amount" of Covid-19 deaths could soon follow.

The US is averaging about 19,455 new cases over the last seven days, a 47% increase from the week prior, according to data from Johns Hopkins University. And a third of those, CNN Medical Analyst Dr. Jonathan Reiner said, come from five hotspots: Florida, Louisiana, Arkansas, Missouri and Nevada.

"In places like Missouri where ICUs are packed, you're going to see a surprising amount of death," Reiner said on Sunday.

At Mercy Hospital in Springfield, Missouri, 91% of ICU patients are on ventilators and many are in their 20s, 30s and 40s, Chief Administrative Officer Erik Frederick told CNN Saturday. That is especially concerning, he said, because at the peak last year there were only 40 to 50% of ICU patients on ventilators.
--------------------------------------------------------------------------------
Many 20,30 & 40yrs are on ventilators. This is how serious Delta is. In coming months things will get much worse in US.

yup better sort it out face to face than to just be keyboard warriors

@Billboard Low vol but does not break lower low
12/07/2021 3:50 PM

I think that's a good sign , likely Supermax retailers/supporters are holding tight tight and won't let go cheap cheap. The long hauler can slowly nibble the shortists shares up, buy and keep, slowly short squeeze them. Don't cut loss or earn nasi lemak profit, but collectively hold for >5.0.There's so much to look forward to as below:

1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. potential good dividend reward for end FY21, so much earnings to distribute.
3. potential OGM deals updates, with coming wave the urgency for strategic supply chain will be
higher.
4. potential US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, and infect wider demographics of the population, therefore glove demand from these new markets will be exponential.

With FPE of 2.4 at current price, there's nothing much too lose. Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits

Yup, good article Beary. I did mentioned about the world will soon come to this crossroad before. Gov't need to balance the economy and the lives of ppl. Cannot keep locking down. Ppl will eventually die either way. So, by living with the virus it would mean we may see higher rate of hospitalization and death, but within certain control. Need to strategically protect the more vulnerable ppl. Eventually the whole world would need to adapt such approach. We may soon see a much higher infection and hospitalization rates, and as Beary puts its - The Let Them Die strategy, but there is no other choice. Only problem is gloves shortage will become even more acute.

@Beary Examples of high probability events :-

-Short sellers cover their positions.
-Pandemic gets out of control.
-Worldwide glove shortage due to MCO in Malaysia.
-Rise in vaccine breakthrough infections.
-Emergence of new vaccine resistant virus variants.
-Booster vaccine shot needed after every 6 months.
-Feel free to add more.
12/07/2021 11:51 AM

Add more:
- Soon the Gov't should come to its senses and allow glovemakers to resume operation.
- With 80% of world population not vaccinated yet, more and more countries with low vaccination rate are being ravaged by Delta, they will form new market demands for glove, substantially increasing overall global demands which likely to increase the ASP in the coming months due to acute global shortage.
- With more newer and more powerful variants emerging, and booster jabs being required every 6-9 months the pandemic/endemic likely to be extended another 2 years. Post pandemic likely around 2024 onwards.
- Many countries around the world are facing increasing back log of non-Covid cases. Currently UK alone reported 13 mil back log cases and increasing. Even with pandemic winding down later, the non-Covid back log cases will still create a high demand for medical gloves in the coming years all over the world, therefore sustaining good ASP level.
-Global glove shortage will likely become even more acute than what was projected by MARGMA
for 2021-2023 later.

@Looking at the morning trade, its obvious last Friday run up was a fake rebound.
- Good thing retailers didn't chase high and avoided contra play.
-The least the retaillers/bag holders can do is continue to hold tight tight and only those with long haul capacity should continue to nibble if the price were to dip further.
- Don't cut loss or earn nasi lemak profit, but collectively hold for >5.0.
- Don't sell out your Supermax ticket cheap cheap and let the shortists cover short position cheaply.
- With Covid ravaging the world now, the pandemic will not be over yet so soon.
- Meanwhile hold and wait for:
1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. potential good dividend reward for end FY21, so much earnings to distribute.
3. potential OGM deals updates, with coming wave the urgency for strategic supply chain will be
higher.
4. potential US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, and infect wider demographics of the population, therefore glove demand from these new markets will be exponential.

With FPE of 2.4 at current price, what can go wrong? Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits
12/07/2021 11:26 AM

Ur right Beary, these ppl have nothing else to do but keep annoying and instigating with misinfo and insults. Poor fellas earning 65sen per post to buy their nasi lemak everyday.

Aiyoh, since u all don't own any shares in Supermax, there is nothing for u all to lose anyway, and u all can easily just join another glove forums and do what u ppl do best there.

@joyvest then why our comments are removed all the times ?
12/07/2021 10:22 AM

The truth is I really don't know. I m not the Admin. And its the prerogative of the Admin to do as he/she wishes here.

@imvu ekor ?
12/07/2021 9:14 AM

Many times the ekor belong to the reptilians controlling and manipulating the price. So gotta be careful.

@ToneeFa If all retailers/bag holders were to hold to their current shares tight tight, and only those who have long haul capacity were to slowly nibble at any price dips, then they will only be buying the shortists
shares. In that way, we will slowly short squeeze the shortists leaving them no choice later but to offer us to buy back at higher prices.
12/07/2021 9:24 AM

The truth is its about time we retailers/bag holders need to be in control of the situation, rather than continue to be victimized by the shortists and the sharks. At this alrdy low price in relation to the company fundamentals, we won't have anything to lose. We need to send message to the shortists to up their offer price. Those with long haul capacity should continue to nibble as the price dips. Just don't chase high or play contra. Take it slow. We retailers/bag holders should play the game at our pace and control.

Billboard MMaker Massacre & QPTA 500m?

Massacre??? U Japanese ka?

Q/PTA 500m is already very good comparing same period a year ago only 399m where we got this share price shot up 24 and bonus 1:1

Indeed thanks yr reminder
12/07/2021 9:40 AM

Haha..Billboard, good point, the exciting part is that we all know the Net Profit should be at least RM 750mil and higher at coming QR.

@MoneyMakers See what happen to TG after 30% profit drop q-o-q

Supermx 500Mil profit expectation (RHB) is 50% profit drop q-o-q..real MASSACRE coming
12/07/2021 9:09 AM

MM, u should stop peddling your unsubstantiated 500mil misinfo , and be prepared to wear real MASSCARA coming soon.

If all retailers/bag holders were to hold to their current shares tight tight, and only those who have long haul capacity were to slowly nibble at any price dips, then they will only be buying the shortists
shares. In that way, we will slowly short squeeze the shortists leaving them no choice later but to offer us to buy back at higher prices.

@imvu be$0k gap limit up .
12/07/2021 2:20 AM

-Still need to take precaution today, better to avoid contra play.
-Avoid chasing high as we are not sure yet if the shortists are setting a bull trap or are really
convinced by the Delta/Lambda global surge to reverse the trend.
-The least the bag holders can do is continue to hold tight tight and only those with long haul capacity should continue to nibble if the price were to dip further.
- Don't CL or earn nasi lemak profit, but collectively hold for >5.0 .
- Don't sell out your Supermax ticket cheap cheap and let the shortists cover short position cheaply.
- With Covid ravaging the world now, the pandemic will not be over yet so soon.
- Meanwhile hold and wait for:
1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. potential good dividend reward for end FY21, so much earnings to distribute.
3. potential OGM deals updates, with coming wave the urgency for strategic supply chain will be
higher.
4. potential US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, therefore glove demand from
these new markets will be exponential.

With FPE of 2.4 at current price, what can go wrong? Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits

https://www.theguardian.com/politics/2021/jul/10/sajid-javid-warns-nhs-waiting-lists-backlog-could-reach-13m

The new health secretary, Sajid Javid, has warned that NHS waiting lists could rocket to 13m in the coming months as concerns rise over the backlog faced by the health service.

Speaking to the Sunday Telegraph, Javid said the growing number of people waiting for non-Covid treatment on the NHS had been what shocked him the most since returning to the cabinet following Matt Hancock’s resignation.
---------------------------------------------------------------------------
Post pandemic NHS still have to deal with 13m back logs of non-Covid related treatments. We can assume many countries are also facing such huge backlogs. This means huge glove demand will continue for many more years. How can ASP suddenly drop to pre-pandemic level overnight?

https://www.hindustantimes.com/world-news/will-get-worse-experts-warn-as-uk-reports-highest-new-covid-cases-since-jan-22-101625909648526.html

On Friday, the UK reported more than 35,000 infections, the highest in over five months. On average, it has been recording about 410 cases per million people over the past week, one the highest cases in the world per capita. Meanwhile, Prime Minister Boris Johnson has branded the July 19 reopening as “Freedom Day” but experts are worried about the message.

Prof Helen Stokes-Lampard, chair of AMRC, told BBC Radio 4’s Today programme that “there seems to be a misapprehension that life will return to normal from then [July 19], and that we can throw away all the precautions, and frankly, that would be dangerous.”

“We all want to make sure that the public is fully aware that this pandemic is far from over and that when the 19th comes, what we need is a responsible approach and a very cautious approach to relaxing restrictions,” she added.

“It is like the worst of a bad winter in July,” it said, urging the public to continue to show caution in their approach.
----------------------------------------------------------------------------------------------
To sharemarket21, see the above article, many medical experts are worried about the politicians trying to score political points by making it sounds like they have done a good job to overcome Covid. This is similar to India in February this year when their leader proclaimed victory over Covid and then 2 months later the country was in catastrophic meltdown.

@sharemarket21 No you are are making extreme cases without basis and yes everyone still have to be alert with the Covid-19 and any potential variants outbreak. You are picking from selective articles and shouldn't put this across the board. The place we are residing now is zero case and we know certain facts and not just theories and assumptions. Yes zero case due to self initiative control because vaccinations rate still less than 20%. So it's possible that Covid-19 can be eliminated not entirely depending on vaccines and many other factors. Fear will only lead to more complications and panicking mode and so we ought to exercise any assumptions or speculations with more factual. There must be a strong reason that the west continue to lead their lives without fear and minimal control although Covid-19 is serious. Again different country have different set of administration. That's what happening to Malaysia and surrounding Asean country. No matter how stay at home and wear masks are compulsory for all citizens for now.
11/07/2021 5:00 PM

You are making very general statements without any details to clarify what u mean. You must be living in some low density isolated place with very cooperative neighborhood. The vaccines has alrdy awaken the monster in Covid, there is no turning back. Only way now is vaccines need keep pace with with Covid mutations and and collectively human need to be very disciplined to practice proper SOP and wear proper PPE at all times. Fear base on reality is now being touted as the way to get more ppl to become aware of the real danger of not complying with SOP and to get vaccinated. I always support my opinion with articles quoting the thoughts and conclusion of medical experts, which were made either through personal observations, analysis of data or in reference to some study carried out. If you think I m wrong in any of my assumptions, pls highlight and be specific about which issue I have raised. Don't make general comments which I cannot respond with specific further explanation. The West have the power of money and technology to take care of themselves first, by quickly vaccinating their population early. but its wrong to say they are living without fears. They are in dilemma about whether to open up or not. They fear of unexpected consequences facing them, but politically, their Gov't also want to score political points. so they want to show their ppl and the world they have been a successful Gov't.

@pjseow Toneefa, If the exchange rate weakened to about 4.45 , it means a 10% drop of our ringgit against the US dollar. The earnings will increase by 10 to 20% . I am afraid the gang of 5 will ask me to prove again that a 10 % drop in ringgit can increase earning by 10 to 20%.
11/07/2021 4:40 PM

haha pjseow, I have observed that you have a major problem with your mathematical calculations in your proofs Its not going to work , bcos you are using fairly complex math to convince the gang of 5 who were mostly failed math students. But of course, as cover up, they will then attack u by accusing u of leaving out some irrelevant details out here and there. Well, they are dumb but not entirely stupeeed though.
11/07/2021 5:08 PM

@https://www.scmp.com/news/china/science/article/3140387/coronavirus-sinovac-worlds-most-used-vaccine-how-good-delta

Sinovac is world’s most used vaccine, but how good is its Delta protection?

Such questions have come to the fore in Indonesia, which has relied largely on the Sinovac vaccine and is battling its worst surge of Covid-19 cases yet, fuelled by the more transmissible variant.
An independent group there tracking virus data has discovered that more than 130 health care workers have died of Covid-19 since June, with 58 of those deaths having occurred this month.

But around 95 per cent of the nation’s health care workers have been vaccinated, according to the Indonesian Hospitals Association, as cited by Reuters. Overall, the national vaccination rate is only 5 per cent, according to the Our World in Data organisation.

But the issue of deaths among health care workers could also be linked to waning vaccine protection over time and reduced effectiveness against the delta variant.
“We cannot accept [deaths among vaccinated health care workers] as high as we see now,” he said, noting he supported booster shots for health care workers and more research into how well the vaccine was protecting people. “We have to find the answer.”

Feng Zijian, deputy director of the Chinese Centre for Disease Control and Prevention, told Chinese state media last month that antibodies triggered by “two” Chinese-made Covid-19 vaccines are less robust against the Delta variant compared with other strains but the shots still offer protection. He did not specify the two vaccine.
---------------------------------------------------------------------------------------
Telltale signs of China vaccines losing efficacy fast. Those with strong natural immune systems can still fight but those with weaker immune system may be in danger even if fully vaccinated,

@UPlanet Korean is one of the earliest country together with China fight against the covid19 and they’re the vaccines producer too!!! Why can still out of control??? Really don’t understand???
11/07/2021 12:42 PM

South Korea only have 30% with single dose to date, fully vaccinated ard 20%. With Delta variant, that is low level vaccination. Previously, young ppl do not develop serious illness, With Delta, the demographic has changed to younger ppl and children getting hospitalized and dying. This is the scariest part of this wave. Our mindset and understanding will slowly shift over these few months when we see more young ppl and children being seriously affected.

Whereas China will also slowly see the number of infected and death rate rise in coming months, as China inactivated virus vaccines become outdated by Delta variant. They will need to quickly revaccinate their entire population again with Delta updated vaccine/booster jabs. That will also be a race against time later.

@pjseow Another macro area which we should look at is the weakening of our ringgit since January. Our ringgit was weakened from 4.03 in.Jan to 4.19 last Friday. There is a possibility that our ringgit will be weakened to 4.4 or 4.5 per 1 US dollar if our covid situation doesnt improve. Less taxes will be collected and the government need to print more money to support the economy. Weaker ringgit means higher profit for glove makers.
11/07/2021 12:33 PM

True, holding Supermax tickets can also hedge against falling RM since earnings mostly in USD.

@5231428 This forum no more naysayers so nice.
11/07/2021 1:16 PM

Haha... used to be pandemic but now they are just causing some outbreaks here and there.

@sharemarket21 Mild infection cases are increasing due to final phase of variants and death no so far. No one is dying but surely businesses are if there is no proper plan being carried out here. Look away from Malaysia and SEA. Don't be clouded just because of home place crisis. Elsewhere every events are packed and the Covid-19 is contained to a certain degree. When event like Wimbledon can packed with crowd without masks and and soon Olympic knowing the grave consequences, we should really understand how the global situation right now. Again if you think that there will another pandemic, make your decision and if not , just read and digest all the news and info here. There are still plenty of great trading opportunities around. Every strong technical and also potential lower entry price still make sense.
11/07/2021 12:11 PM

You may be making some wrong assumptions here. Currently with Delta variant Pfizer/Moderna/AZ can still provide some protection perhaps 60-80%. But Sinovac/Sinopharm may have dropped to less than 50%. Many countries using China vaccines are starting to realized that the vaccines are losing out to Delta variant fast. Its not that China vaccines were useless but it's that they were only effective against earlier variants, but with Delta, it may have mutated to evade the neutralizing antibodies produced by these vaccines. Inactivated virus vaccines have weaker lasting effects.

Many medical experts are advising against opening up too early, but politicians need to score some political points by allowing ppl to go back to normal life. Time will tell if these activities will allow Covid more opportunities to spread its wings. There's concerns that those who have been fully vaccinated but with immune-compromised system may not be able to fight Delta if infected, and that may allow Delta the chance to mutate to an even stronger variant. Successful mutations normally happen in ppl with weaker defense system.

@sharemarket21 Just check out the World Covid-19 statistics. Shouldn't simply speculate as only SEA is going through the possible deadly final wave as expected because there wasn't proper control at the first place. Gloves prices are still trading at the lowest and only small technical rebound last Friday. Let the price stabilize further and also clear some potential setbacks. August - September is old vaccines clearance and potential new version might be be rolling out soon. Just digest and check all the news and do not caught off guard for now. Take the opportunity if there is continuous sharp rebound with high volume.
11/07/2021 11:41 AM

Not true only SEA going thru the deadly final wave. Many other countries such as Africa continent, South America, Russia and Asia are also in middle of battling Covid. This Delta variant appear to be more wide spread geographically and demographically as well. I believe the worst is yet to come as Delta has only started to set a strong foothold in many countries and ready to launch its most vicious attacks if the respective countries are not prepared to fight it or drop their guards, Only 20% of global population are vaccinated. On top of that, Sinovac, which is the most used vaccines appear to be losing its efficacy in many countries against Delta. I m seeing a catastrophe in the making in the coming months. and not to mention newer and more powerful variants will be appearing in coming months, and that is not an "if" but a "when" statement.

@UPlanet Haha, if like that Malaysia #1 already!!! Just now NorHisham announced we may achieve herd immunity by this coming September le!!! Hahaha! ‘Malaysia Boleh’ kali ini! We beat US and become world #1!!! But you all believe it or not???
11/07/2021 12:48 PM
@monetary A few yrs? R u sure?Malaysia is expecting 70% inoculation by end of Oct.
https://covidvax.live/location/mys
11/07/2021 1:07 PM
----------------------------------------------------------------------------
https://www.nytimes.com/2020/12/24/health/herd-immunity-covid-coronavirus.html

“When polls said only about half of all Americans would take a vaccine, I was saying herd immunity would take 70 to 75 percent,” Dr. Fauci said. “Then, when newer surveys said 60 percent or more would take it, I thought, ‘I can nudge this up a bit,’ so I went to 80, 85.”

“We need to have some humility here,” he added. “We really don’t know what the real number is. I think the real range is somewhere between 70 to 90 percent. But, I’m not going to say 90 percent.”

Estimates based on measles and other diseases suggest that herd immunity occurs when 70%-80% of the population is vaccinated. But Fauci has said that the usual definition of “herd immunity” doesn't apply to the Covid pandemic.17 Jun 2021
................................................................................................................

Looks like 70% ain't gonna cut it. Fauci now sees min 90%. It makes sense u need way higher % cause current vaccines do not prevent infections and fully vaccinated ppl can still be carrier and spread to unvaccinated ppl. So leaving 30% of the population unvaccinated would still provide a big reserve to Covid to wreck havoc.

Unker too many times U turn alrdy, losing much credibility like this. A good analyst must have good foresight and farsighted, and not shortsighted and constantly U turn

MommyHomeMakers

sorry MM , i didn't hear u. U said something?

@imvu kalau tengok weekly candlestick bulan 4 yang naik sebulan tu .. tiap tiap minggu ada buat ekor bawah , mungkin isnin ni akan gap up lepas tu turun sikit untuk buat ekor sebelum naik balik .
10/07/2021 4:45 PM

Pendapat hang adalah jikalau kau ada kebolehan utk melabur jangka masa panjang boleh lag beli sikit sikit, tapi jangan main contra, sebab si pendek sini memang ada banyak muslihat, suka sangat curi seluar pendek orang. Tapi bila signal uptrend suka jelas barulah masuk lebih sikit.

@imvu sekarang masih area bottom , boleh naik rm4 - rm5 lebih . nak kaunter ringan masuk hlt , adventa , careplus melayang layang limit up nanti .
10/07/2021 3:59 PM

Kena hati-hati Isnin nanti, tengok kiri kanan dulu , jangan terus nak lintas jalan , nanti lori langar terus habis. Tapi yang ada dekat tangan pegang kuat kuat. Jangan senang nak lepas untuk beli nasi lemak. Simpan lah lama sikit untuk dapat kari udang galah dengan soup abalone.

MM & IM, sounds like both of you have gone bonkers and keep on with your personal attacks. Its no wonder Mr Forum does what he has to do to keep order here. All these bullying is not allowed here . We only want u all to be the Devil's advocates but in a professional way, but u all became the Devil himself instead. One of you even took on the Devil's image. I guess Mr Forum saw all this from above and decided to separate the good from the evil.

@Zrenxy Coming Monday Foreign funds entering Supermax pushing up another RM0.20 or more..when panic buy will shoot up RM0.70 to Rm1.00....kyy is entering position...Mid term Supermax will fly bak to Rm6
10/07/2021 10:59 AM

Zrenxy Catch on monday or ...u just watch the opportunities fly....as many Sifu buy call in the group
10/07/2021 11:00 AM

Still need to take precaution on Monday, and don't chase high as we are not sure yet if the shortists are setting a bull trap or are really convinced by the Delta/Lambda global surge to reverse the trend. The least the bag holders can do is continue to hold tight tight and only those with long haul capacity should continue to nibble if the price were to dip further. Don't CL or earn nasi lemak profit, but collectively hold for >5.0 .Don't sell out your Supermax ticket cheap cheap and let the shortists cover short position cheaply. With Covid ravaging the world now, the pandemic will not be over yet. Meanwhile hold and wait for:

1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. good dividend reward for end FY21, so much earnings to distribute.
3. OGM deals updates, with coming wave the urgency for strategic supply chain will be higher.
4. US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, therefore glove demand from
these new markets will be exponential.

With FPE of 2.4 at current price, what can go wrong? Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits.

Good video Beary. Agree with it. Like it or not everyone has to take a position which they think has the highest probability of outcome. Even for the shortists, they took the position that the pandemic will end by this year and ASP will drop to pre-pandemic level by next year which has dictated their actions in the market to bring the price to current low level. They will hold to the position until real evidences presented themselves saying otherwise. And of late, the events around the world on Covid strong resurgence and the weakness of current vaccines is becoming evident by the day , maybe even creating doubts in their minds as to whether they should review their position. They wouldn't want to be betting on the wrong side of reality. Even they don't have all the answers. Currently everyone is at best, just guessing. Forget about TA or FA for now. The most pertinent question is:
Is the pandemic going to be over by end of this year or early next year and ASP will drop quickly to pre-pandemic level thereafter, or will we be seeing the coming wave being much bigger than all previous waves, with record hospitalization worldwide, with many more countries badly hit, with death rate exceeding previous waves, with wider demographics infected with serious illness and with emergence of newer variants completely breaking thru current vaccines which will hamper effort to quickly achieve vaccinated herd immunity? Specific to the glove counters is how much more demand of gloves will be created by this coming wave? Will ASP drop reversed and resume an upward trend? Can herd immunity be quickly achieved by vaccines, if not how long more to take? With only 20% of the global population vaccinated, so what is the probability of the either outcome? So what is your position?

Don't chase high, short squeeze shortists by buying down and hold. Target >5.0

#holdsupermax >5.0
HARI HARI TURUN SIKIT SIKIT, LAMA LAMA JADI BUKIT

@UPlanet https://www.freemalaysiatoday.com/category/nation/2021/07/09/top-glove...

Drama carry on? Next week back to downtrend? Sigh!
09/07/2021 8:16 PM

Uplanet, I think the advantage Supermax have over other glovemakers is that their OBM biz, with higher margin, allow them to purchase from other oversea OEM manufacturers to cover any shortfall due to the shutdown. Anyway, this is a one quarter issue which would not affect the fundamentals of the company.

https://edition.cnn.com/2021/07/09/africa/southern-africa-covid-delta-...

Karamagi said Delta's greater transmissibility and its ability to reinfect people with previous Covid infections helped drive the spike in the region
--------------------------------------------------------------------------------------------

With Delta variant, there is no protection from antibodies from infection by earlier variant. So there is no such things as natural herd immunity. Everybody back to square one, infected or not.

https://edition.cnn.com/2021/07/09/africa/southern-africa-covid-delta-intl-cmd/index.html

On the worst nights in Johannesburg, currently in the grips of a terrible wave of infections, medics at one hospital must turn away ambulances carrying Covid-19 patients. It may be a diversion order more common to mass casualty events, but 16 months into the pandemic here, Covid-19 is a mass casualty event.
"It's devastating, it's soul destroying. We are trained to save lives, but you revert to that wartime mentality. You revert to becoming numbed, you revert to becoming blunted," said a senior doctor at a major public hospital in South Africa's largest city.
"Patients are being brought in in cars with desperately ill patients who have been turned away from other hospitals with no beds."
"The third wave has been far more devastating, far more overwhelming," the doctor said.
Sixteen months into the pandemic here and doctors describe a system beyond its breaking point -- with insufficient beds and barely enough oxygen. Sometimes the only time a bed opens is when a patient dies.
"There are patients that are dying while they are waiting to be seen, while they are waiting to go to the ward. Because the resources are just being overwhelmed by the onslaught of patients," the doctor said, an assessment corroborated by paramedics and other physicians.
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What is scary is that the above scenes will become common place soon in many other countries., mimicking India earlier. Its also happening in Indonesia and South America now. Malaysia Gov't need to wake up and realise the importance of allowing glovemakers the concession to continue their operations to save the frontliners all around the world. Lack of gloves can really hamper the fights with Covid, leading to catastrophic collapse of the healthcare systems around the world. We are approaching a dangerous Covid crisis and our Gov't is more busy fighting amongst themselves. God have mercy on us.

https://edition.cnn.com/2021/07/08/health/pfizer-waning-immunity-bn/index.html

Drugmaker Pfizer said Thursday it is seeing waning immunity from its coronavirus vaccine and says it is picking up its efforts to develop a booster dose that will protect people from variants.

Hours after Pfizer issued its statement, the FDA and Centers for Disease and Control issued a joint statement saying Americans do not need booster shots yet.

Pfizer and its partner BioNTech said evidence was building that people's immunity starts to wane after they have been vaccinated.

The announcement could have implications across the world. The Pfizer shot is the cornerstone of vaccination programs in many countries. Two-thirds of doses delivered across the European Union were made by Pfizer, according to the European Center. In Israel, Pfizer is the only vaccine used.

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Finally, Pfizer openly admitted their vaccine is losing its efficacy fast and is expediting the research into the booster shots. But FDA and CDC do not agree yet. I have spoken about such dilemma that will happen before, bcos priority is now still focused on those unvaccinated people. But the time will come soon when even fully vaccinated people will develop serious illness in bigger numbers, then the crisis of having to revaccinate many more millions of fully vaccinated people will really be a huge burden to most countries having to deal with both unvaccinated and fully vaccinated ppl. This is no joke as the health facilities of most countries will be under tremendous pressure.

https://www.washingtonpost.com/world/2021/07/09/coronavirus-latest-updates/

Amid a surge in new coronavirus cases and deaths, Africa is now suffering its worst period of the pandemic, the World Health Organization said Thursday.

The continent’s latest wave of infections is being driven in part by more contagious variants such as delta, health experts say, and is sending more young people to the hospital as countries struggle to acquire vaccine doses.

“Africa has just marked the continent’s most dire pandemic week ever, ” Matshidiso Moeti, WHO regional director for Africa, said in a statement. “But the worst is yet to come as the fast-moving third wave continues to gain speed and new ground.”
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More young people and children will be affected in this coming wave in many more other low vaccination countries. Such widening of the demographic will see a huge rise in hospitalization, and more death will ensue due to break down of healthcare services. We will be witnessing human catastrophe in the coming months. Don't think there will be enough gloves to help save the frontliners to go around.

Tomorrow morning we may see the global daily cases pass the 500k mark. This coming wave may see the figure exceed the 1 mil mark by next month and the cases will come from all over the world not just from 1 or 2 countries. If Malaysia after over 1 month of complete lockdown can still hit >9k , what else can be said about the current wave? This is Covid's demonstration of its evil power.

If all retailers hold tight then shorties have no choice but to increase offer to get the tickets to cover short position.

Yup agree with Beary.
Treasure your Supermax tickets in hand now. Continue to hold and not CL cheap cheap. Those who have capacity for long haul can continue to average down. Let;s short squeeze the shorties by buying down instead of buying up. Buy down and hold. Don't just suka suka chase high. Only start selling above 5.0 onwards. With Covid ravaging the world now, the pandemic will not be over yet. Meanwhile hold and wait for:

1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. good dividend reward for end FY21, so much earnings to distribute.
3. OGM deals updates, with coming wave the urgency for strategic supply chain will be higher.
4. US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, therefore glove demand from
these new markets will be exponential.

With FPE of 2.4 at current price, what can go wrong? Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits.

Ya ppl don't chase high though. May settle down a little next Monday.

welcome back Ibelieve, I thought u dropped out from Supermax alrdy.

TA is only indicator but not certainty of real trend reversal. Need a few more trading days.

yeah next week we will know if today's buying is a genuine trend reversal or 1-2 days bull trap.

wow suddenly so many supermax supporters appear out of no where. Welcome back to the forum.