SC in Malaysia is really a joke

The queue all dried up, retailers are left playing amongst themselves.

The operator was disposing these 2 days up until this morning... whoever that is.
Then this post brought in fresh sheep who bought between 1.40-1.47 after lunch.

Apparently the operator or other shareholders took this as an opportunity to unload....
It’s now 1.37/1.38...

Looking at the transactions, I feel that these guys are collecting directly from KYY...

Did KYY say he is vested in MNRB?

Hi Icon8888, may I ask how you get the red/yellow/green bar please? Is it Homily or modified ChartNexus? Thanks in advance.

CharlesT can upgrade his dog food from chicken rice to abalone rice.

7 minutes left to collect. With this momentum, opening next Monday will be a meaningful gap up...

>1000 stocks in the red but KLCI in the green supported by healthcare counters.
It’s not just shorties covering plus the existing believers... those from other counters are also pouring in.
Last and most important point, this is just the start...

Reversal trend confirmed today. It’s not a rebound.
Next Monday opening easily open at +30 cents from whatever closing price today.
30 minutes more to grab.

A little concerned... the other 3 only surge less than 2% while Supermax surged by more than 6%...

Well... I joined an investment education class hosted by a HKee. As he conducted the classes, he discouraged strongly buying warrant because it’s heavily manipulated. He would fire his staffs if they ever touch warrant. The next thing is discourage anyone from putting money in manipulated markets like Malaysia...

What the IB’s see are immediate gains and a pool of muddy water where they can monopolise because they keep shitting in it that nobody else wants to come in. But our country is dying slowly, Vietnam, Cambodia, etc are all surpassing us...

The question is... why only Supermax got trashed towards the end while Kossan, Topglove and Harta were all fine...

Of the 4 gloves, only eff us Supermax...

Market sentiment very poor... KLCI -20, downward trend confirmed...
Over 1000 counters in the red... recovery stocks got it worst.

The queue at Topglove is also crazy....

How I wish there’s somebody who could explain this to me...
Now the 4:45-4:50 queue is also going crazy...

My concern is that Topglove and others are not following...

Rock bottom. Either break 6.72 and make a new low or freaking bounce back.

Glovefinish
Why are you here?

Topglove -4 cents (-0.59%)
Harta -6 cents (-0.48%)
Supermax -19 cents (-2.67%)
Wtf...

Usually the share traded for Supermax is roughly half of Topglove. Today Supermax’s volume is higher than Topglove. Highly like to close green today, so these 3 days’ candlesticks would form a Morningstar.

They way that these vaccines are sold and shipped everywhere... let’s hope nothing goes wrong otherwise they might blame each other and then fight...

Geek2020 https://www.theedgemarkets.com/article/brazil-says-china-not-transpare...
15/12/2020 6:06 PM

Morning star in making

This might be what’s we’re looking at now...
Opened green, took a dive into the red, going back into the green...


Geek2020 https://www.cnbc.com/2020/12/14/cramer-says-stay-home-trade-is-back-lo...


UK into lockdown together with Germany. US heading to complete catastrophe. Lockdown in sight as Virus spiraling.

Stay at home trade is picking up. Dow and SP 500 closed low but Nasdaq moved up..
15/12/2020 8:33 AM
15/12/2020 8:39 AM

Sorry. I’m confused. Isn’t that what you’re doing?

AnnYung Only outdated sochai still watch TVs these days with outdated news and brainwashing contents. LMAO
14/12/2020 9:31 AM

One step further, the moment we all push up the price into the green is the moment their option is limited. Their margin will become thinner, and might reach the point that they lose money.

Just push it up and they’ll have no choice but to buy back quickly.

The information given to you is this:
They short-sold last week and they must buy back this week no matter what.

If all retailers are one institution like the IB who has been playing us, what is the best outcome for us? Don’t sell any shares, put 100 lots at the limit up price of RM 9.82 today, tomorrow give them another 100 lots at next limit up price. And they will still be forced to buy.

Please just stop being the sheep that can’t wait to be slaughtered and be rationale for once....

Sept 10 - they scare you by pushing it down to RM 6.00.
Sept 14 - 2 trading days later from above, the closing price is RM 8.80.

Sept 21 - Scare you again by pressing it to RM 7.13.
Oct 19 - within one month its RM 10.46.

Nov 17 - Trick you again by pushing it below RM 7.00.
Nov 30 - RM 8.90...

How many times you want to be played...?

Thanks Morpheaus.

Does anyone know how much is short-sold for Supermax last week?
Just FYI for everyone, what ever is short-sold, took place last week and RM 7.56 is the result of that. That position needs to be reversed this week, so the buying needs to happen.

May I ask within how many days do the IB need to cover back the short sell position?

The same outbreak where we saw the first and second waves earlier has sent the demand up to 585bil glove this year itself while the supply/production is 370bil. This means, the gap requires a 60% increase in production instantly. The key word is ‘instantly’, knowing that even the largest glove companies would take 12-18 months to set up a new factory. This shortfall will remain and be carried forward in next year.

Now looking at the a Covid cases, governments across the globe have been rotating between lock-down and partially open to just simply given up. The cases remain increasing, after Thanksgiving, there’s Christmas, and then new year, etc... The mRNA vaccines do not provide immunity but simply suppresses the symptoms and lighten the severity for the very small group tested over a very short period of time. It’s akin to firing a bullet into the stomach of a test subject and concluding that guns are safe and does not kill simply because the person does not die within the next 5 seconds. It also means that the spread will be even more far reaching as it makes more people asymptomatic. The false sense of security will make things worse as the no. of cases evidently increases.

There is a magic no. for herd immunity to work, typically around 70% at least. Before reaching that proportion, the no. of cases will unfortunately continue to rise without a lock-down. Summing up all the mentioned points, the shortfall in gloves by > 215 Bil will compound in 2021 and then only begin to be gradually reduced in 2022.

1. The pandemic emptied all stockpile this year.
2. The no. is still rising. The no. of cases will be more in 2021 than 2020. Hence supply will still not be sufficient to cover the demand that wiped out both immediate usage PLUS the stockpile. Think about the increasing gap (2 x 215bil shortfall, crude estimate, to be carried into 2022).
3. The catch-up of supply will only start sometime end of 2022, given the gap of 60% (585bil demand / 370 bil supply - 1). Meanwhile, the demand continues to increase during these 2 years.

8 quarters of continuously increasing profit... We are looking at around RM 1.2 bil PAT for the next quarter itself. With ASP rising continuously (30% per quarter as mentioned in recent TG QR) into 2022. Conservatively, say profit in 2022 become flat before normalising, the PAT for the next 8 quarters will easily beat these: 1.2, 1.5, 1.8, 2.2, 2.0, 2.0, 2.0, 2.0. The sum is RM 14.7 bil...

After 2-3 years of supernormal profit, the PAT could normalize, but by 2022, Supermax production capacity would have doubled from 24 Bil now to 48 Bil with factories in US / Canada / Europe.

Summarise again, the company is now worth RM 20 bil, the profit that is visible over the next 8 quarters is easily RM 15 Bil...So we need a normalised future PAT that can support the extra RM 5 bil valuation.

Let’s say the PAT fall from RM 7-8 bil to just RM 1 bil per year starting 2023 (the global demand is increasing at 15-20% per year), you’re just paying RM 5 for a company with a RM 1 annual profit. A fair valuation is RM 15 (PE 15).

That’s just how I see this. The above crude projections is based on the best case scenario of having the world sufficiently vaccinated by 2022, assuming governments continue to push vaccine even with the rising cases of detected side effects.

Making a very sharp V-shaped recovery wo...

I also thought today should buy.

We have vested interest here... we shiok sendiri here also quite normal.
You got no business here but always hang around, need to go see psychiatrist lah.

And even if lose money, it’s just a counter that we can let go anytime. And it’s just a small fraction of our net wealth anyway.
You’re carrying this sick personality with you your entire life.... I think you should be more worried about yourself...

T G is the largest in the world and is in a few Fund indices. Normal to enjoy higher PE. But now Supermax is going to be included soon.

v2vehooi dear all sifu, why topglov average pe for the past 10 years more than 25x , but superman is around 10~11 only ?
09/12/2020 2:20 PM

It’s quite crazy... after it reached RM 1.2B PAT last quarter, this quarter increased by 99% to RM 2.4B....

It’s a rather bullish sign if today can close above RM 8.15 (the top of yesterday’s candlestick).

Resting at 7.96/7.97 to allow ppl to get on/off before moving further.

It took 10 minutes and 40 seconds to break RM8.00, from yesterday’s closing price of RM 7.70...

Today got volume and got Omph...

You wanted to say TG QR is it? If it’s bad will TG SBB for a continuous 7-8 days?

Arsenewenger8383 Hehehe.. wait this wednesday.. hope SiFU still hold tight.. something big waiting this wednesday.. very bad news...
07/12/2020 5:02 PM

-40 cents a day. Cannot even last for 1 month - 20 trading days. Test of patience.

On its way up.

The mid term support line since June until now is RM 8.35. This should be the lowest if it can hold.

Sometimes I’m really amazed by TA although I prefer FA personally
just some sharing, hope to learn together:
A simple support line joining 3 June bottom (RM 2.66) to 10 Sept (RM 5.68).
You’ll see an upward support line. Last week the candlesticks are hanging onto the line (struggling), early this week the candlesticks are standing on the line. If today close well, tomorrow we will see the candlesticks moving up further away from the support line.

From this painful experience of medical institutions not having sufficient stockpile, hospitals worldwide would need to (1) cover the current shortfall in immediate usage, (2) recover their reserves, (3) rethink their previous reserves level that left them where they are today (give money also cannot get enough PPE) - the outcome will inevitably to increase their reserves level going forward.

The above will take place in the backdrop of...
(1) rising cases from the previous election in US
(2) coming Thanksgiving where ppl decided to still travel
(3) Winter / Christmas
(4) rising demand for PPE to prepare for vaccination

Closer to home...
With Topglove’s incident, many companies will immediately tighten the controls and do all they can to prevent any outbreak in their factories.
Inclusion of Supermax in KLCI index.

These bosses look at the order book daily, their businesses are worth over a hundred billions combined. If TG continues to do SBB, they have R&D and market research team hence would know whether the demand would persist.

Let’s have all glove counters charge forward together. 一个都不能少。

It does look like they are buying and keeping the price low at the same time.

I’ll be fascinated to see how US convince people who don’t even want to wear mask to take vaccine...
Interesting fact, it’s almost impossible to make mask / vaccination mandatory. Since the beginning of the year until now, they haven’t been able to get everyone to wear mask. And I’ll be curious to see how many % of the US population (assuming that they’ll be first to get vaccine) actually take the vaccination during the first 3-4 months.

Refusal to wear mask - we are generally looking at people who don’t give an F, selfish and poorly educated.
Refusal to take vaccine - above, plus anti-waxer, plus the elite / highly educated and knowledgeable who clearly understand that being the first batch is just way too risky...

The historical cases of botched vaccination results, or cover-up during the scale up (mass production) are vast. If you can work from home, order food, get groceries delivered to your doorstep, will you rush to take the vaccination..? Yes, I might take it one day, but I really don’t want to be one who takes it during its first 1-2 years. Many side effects would only arise slowly months / years later.

Agjl, my pleasure buddy.