If supermax doesnt push towards 1.60, the surge wont be able to reach 1.86. Maybe around 1.70++ and then we come to yoyo again for the next 1.5 month

I just worry comes next monday, all the big 3 drop and supermax also follow suit. When up, it s a laggard, when down it's a champion.

Maxprofit2020: that would be Kossan. :P

Close with 2% ++ only while the rest close with 4% ++ to 8% lah. So now value cant compete, percentage also cant compete.

market would need to reevaluate their investment and they have no where else to park their money except for gloves counters....TopGlove in 10 minutes up from 5.75 to 5.83

Harta already up for the past 3 days. Today Top Glove would follow and close green. Sooner, Kossan and Supermax would catch up. Supermax is always the laggard

drastic drop were mostly caused by margin calls. Many margin players have been burnt "alive" by this sudden crash.

Where else can you park your money now? Basically all industries are facing this same headwind. Now is the time for the fittest to survive it. Those who have high cash reserve and cash flow would be able to go through this. Any companies with high debts and limited cash would be the ones to close shops first. Sad and unfortunate but this is the reality. The only thing is this correction isn't cause by the financial but but by the nature at such a significant scale.

12 March: 1.76 - 1.86 (spread of 0.1)
13 March: 1.58 - 1.75 (spread of 0.17)
16 March: 1.51 -1.71 (spread of 0.2)
17 March: 1.3 - 1.52 (spread of 0.22)
18 March: 1.44 - 1.62 (spread of 0.18)

The operators made ton of money by daily trading as the trading spread is huge.

Cant they push the gap up above RM2 instead of the pathetic RM1.80++? That s the problem which I dont get it.

Because of them, Supermax been yo yo for the past 2 months while other glove counters already broken their peak and beyond.

Operators already played at least 3-4 rounds already. 25% each round means already earn 100%. Now come another round.

Thanks gndthx

Anyone know when Top Glove gonna release results? It should be this month

It s the same trend for all the big 4 glove counters today. So the operators are really playing big. Not only playing with Supermax but also TopGlove, Kossan, and Harta. In my opinion the surge will begin when TopGlove releases good results this or next week. It confirms that glove companies are going to make.more profit

Why worry? There s no place else for u to store your money except below your pillow. If you have been to 1998 and 2008, you should know what to expect next. 1. panic selling stop or slow down, 2. Market become muted and low volume for months, 3. Market start to generate back some interest as economy pick up back, 4. Market really rallying up and everyone declare that the bear is dead and it s bullish in bouncing back, 5. Market will behave as usual, zig zag around until the next big correction. Now the question is which counters can rebound back quick and won't be eliminated in this bear market. As for Supermax, when the fund has no where to park their fund, they would look for defensive counters. What would be the defensive counters at this crisis? Think hard.

CGS-CIMB Securities Sdn Bhd analysts Ivy Ng Lee Fang and Nagulan Ravi wrote in note today the research firm recommend investors to seek shelter in sectors that offer defensive earnings such as the rubber glove industry

Usd1 = rm4.30

If turns green, all of us drop glasses.

Cannot turn green lah....that would be too drastic.

Fund coming in to acquire discounted shares.

Bye LayHong

Supermax wanna buy land somemore to expand more production

USD getting stronger, glove demand much higher, raw materials price dropping as other industries produce less, interest rates dropping, yet u guys are worried bout supermax? This is just knee reaction for those traders. The operators been collecting and control the price for the past one month. TopGlove still at its peak at rm6 and same for kossan and Harta. Supermax high was at 1.86, not 1.93. That just touched for a moment on 28 Jan. Now, supermax at 1.60, 26 sen discount from its peak. Can't u see why?

after today, with two days break during weekends, ppl would be more logical and rethink their investment plans as well as for IBs. Now is because monkey see monkey, everyone also follow like those sheep.

World market correction doesnt care business good or not also will drop.

troublehuat dont take credit for world correction lah...Then you should go and tell 100% counters in Bursa that you already know would drop gao gao cause their biz no good.

IB yet to start trading. More like panic retailers.

the volume is low during the second half. more like retailers and day traders taking profit.

not that they spent nothing to press. They have to sell down their holdings as well.

Local IBs are the operator. U just see how many IBs issued warrants for Supermax. They are not going to like it if the price goes up.

the more they on hold the uptrend, the more stress gonna be built. It just wait to erupt one day. We just need a foreign IB to come in and eat all the sell queue when they see the opportunity and how the operator is playing. Just wait for it.

Burn the idss players....

IB need to have meeting first and only will execute their plan after 10-1030am after going through all the analysis reports and monitoring the markets.

Glove taking the lead now. The big 3 already moving up. Supermax would follow later in the noon. Supermax is always the laggard.

road block is still building up. Maybe the big bosses dont want the price to increase much.

that fella haven't collected enough. cant let it fly first. Must sapu all the remaining shares from those panic sellers.

Supermax aligned with opposition then got hit hard. Next Stanley got prosecuted in court. After that he apologized to Najib but after that PH won. So it got hit hard again. Now it s back to BN.

today drop due to world market correction plus Malaysia also in political impasse. Made it a perfect drop for Bursa. Anyway, it also means the world now is taking the Covid19 seriously

depends on what is your entry price. The IB will calculate the settlement price. if your entry price is lower than the settlement price, then you would have made a profit from your warrants

today is last day for C69 daily average volume calculation. IB would try to transact high volumes at lower price. Once after 4PM, you would see the recovery of price with lower volume.

top glove still in green

if not for the political situation in Malaysia, Supermax already uptrend.

Now Italy also got outbreak. From 3 infected until Friday, these 2 days became 100 infected.

quite stable here in Supermax.
Interesting to see Top Glove on how the IB are pushing it down. Worked so hard to push back to 4.80. 4 more days for them.

Price up because the risk of covid-19 outbreak in South Korea, Daegu city. Similar trend like what happened initially in Wuhan. High jump of cases in these two days and over 400 ppl showing symptoms.

Korea confined cases jumped from 31 earlier this week to 102 now. Daegu city now seems like Wuhan with self quarantined. Yet to issue lockdown.

emperor fund was referring to winter gloves, cotton gloves, wool gloves, fashion gloves and maybe also the market aunty punya cleaning gloves and the gloves used by the fish mongers in wet market.

If Olympic postponed or cancelled, layhong and NH JV halal products to Japan would be jialat.

Japan got condemned in handling the situation at Yokohama with the quarantined cruise ship and passengers. From initial 10 infected patients, it becomes around 700 patients. Now they are releasing their citizen from quarantine while other countries insist that those evacuated citizen need to be quarantined for another 14 days. So now Japan is pushing its limit and risking the virus infection all because of political interests and not scientifically sound.

The risk of covid19 is not over yet but Goreng by big Fish seems to be over for the past 1 week by looking at the low volume.