Kelvin17, I appreciate your statement. However, can you share with us some facts rather than an anecdotal comment. We are, after all, living in unprecedented times. Eg. Is it a myth that demand is outpacing supply? Is it a myth that the waiting list is now 10-12 months long? Is it a myth that glove prices are three to five fold higher? If you have points that show that the price movements are indeed unjustified, then I will definitely agree with you. However, for now I’ll look at it with an open mind.

yahooooooooooooo !

to those who sold congratulations...to those holding, congratulations also !

A reminder:

assume supermx earns 210m the next 4 quarters = 15 sen EPS x 4 = 60sen EPS
25 PE = RM15

That I would say is conservative. So what if it falls tomorrow !

Buy !!!

if you're stuck at 17, average down...

record hospitalisations and deaths in the US...what are they going to use? this will be settled...do we really think this cannot be resolved? Buy !!!

buy on stampede !

if you're not one of those panic selling then why worry? Buy !!!

malaysia produces 60% of gloves? what else they gonna use? plastic bags? time to buy !!!

fundamentally, supermx is still solid. in fact, it will benefit even more...buy on weakness...buy on stampede.

this will cause a stampede....imagine the house is burning and everybody trying to rush out through one small door ! i feel for those force selling

last wave it moved around 7-8 bucks. Assume the same range this wave...6.50+7 = 13.50. Maybe can add another 2-3 bucks? :)

RHB TP 13.88

If you call run !!! every dollar it goes up...eventually you will get it right. Hahaha !

push up, pull back, stretch the weak holders, gobble gobble ! Repeat process....

CIMB revised TP to 12.80. Let the revisions begin !

Kossan AGM 10 July?

Push, pull back, stretch the weak holders, gobble gobble gobble! Repeat process

buy, hold and don’t be shaken out ! You make more than trading for pennies !

Hold and watch your money grow ! Yeeehaaaa !

yeahoooooo !

tg has to break rm18 first

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sorry, broke yesterfday's high

yea, good to see TG broke new high

go boyzzzz go !

push up, pull back, stretch the seller thin, and gobble up ! Repeat process...

nothing dark about this...it's just modus operandi... up up and away !

push up, pull back, stretch the seller thin, and gobble up ! Repeat process...

The boys are back !

Push up new level, pull back to stretch sellers/weak holders thin, then gobble up ! Repeat process. Typical modus operandi.

3 white soldiers would be great !

Those with patience will be rewarded !

Push up, pullback, stretch weak holders and gobble up ! Process repeats !

It’s pullback, stretch weak holders and gobble up !

Those selling now will log in with alter-ego usernames soon? Hahahahaha

Anyway, let’s hope this will continue. Which also means, the QR report may be brought forward?

i3lurker if IB TP is 9.80, they, being IB will start selling at 9.00

in shares, ""Be the First" => quote from movie Margin Call.

most probably will overshoot 9.80 to 10 plus but do you want to take the risk?

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Don’t worry, if QR4 result is outstanding...they will revise the TP.

Quality can never be denied. Hopefully there is strong follow through tomorrow.

@Charles...I wish...a quarter

If we expect 100mil for the next four quarters, at this price, we're at about 22-23 x PE. But some of us think there's growth and it's gonna be higher than 100mil la. For that, up to you la, what PE would you assign to reflect the growth potential? More importantly, what would the funds have in mind? 30x? 50?

Hahaha...go figure. Good luck guys !

Current practice of traders these days, take profit in the morning and take back in the evening. One of these days they’ll be taken by surprise

One of these days, supermx is going to surprise traders and take off in the evening and not look back !

Soon the traders are going to change their views. They’ll be talking through their pro supermx usernames !

The 6.50 - 6.70 region has held many times already. As I’ve said, the more times it tests these areas and hold, the stronger it gets ! Let’s see ...

@findfreedom, sorry for the delayed response. I expect the price to be moving up so much that I would be greedy if I were still invested a year down the road. I could be wrong la. Cheers

Even if we conservatively say supermx makes 100 mil the next 4 quarters.

Works our to roughly 7.7 sen per share. Annualize that without growth assumptions, it equates to roughly 31 sen per share. 20x PE makes it 6.20. This is conservative edy.

If funds allow it to go below that without taking it for themselves. I’d be surprised. Sorry, just some back of the envelope calculation.

Now the naysayers are going with the approach of non sustainability. Yes, the growth post pandemic will not be as high as per next one year for gloves, but it will never go back to where it was pre covid.

1) Like how office usage will never be the same again.
2) Like how Online purchases will never look back again
3) like how Travel will never be the same again etc etc

And who knows when the pandemic will really be over.

Coconut oh coconut ! Why don’t you,

1) support the stock with the coconut username when you buy in
2) and when you sell, shut up with the coconut username, and use another username to talk crap.

Then at least you have some credibility. Now, you are like some schizophrenic character from the comic books.

For those who call an end to the glove bull just because TG fell flat after results.

1) TG ran to about 118 x PE before results
2) Supermax continued running after results because it was only around 55 x PE when its Q3 results came out and that PE dropped slightly right after results.

That’s why TG fell flat after results. Can’t expect a stock to continually run on crazy PEs without retracement. Let them both refuel and then we go again !

For now, we know the profits are going to be phenomenal, at least til March next year. Why? Because new case numbers keep going up despite the summer months. Imagine autumn and winter when the flu season compounds issues.

Ignore those calling doom. Treat them as noise. Yes, there will be some ups and downs. Just hold. Why? Because the PE after Q4 results is only going to be around the 30s.

IDSS suspension great for sentiments ! Let’s hope for upward momentum soon.

OMG OMG it’s RM5! Oops, saw the wrong stock. Sorry

If the second wave hype trashes markets, guess what is going to get hit the most? All the other counters, except gloves and perhaps tech. Good luck to all those calling all other sectors. Yes, there may be a knee jerk reaction. But over time, the fundamentals will shine through. Glove haters better not hope the world markets don’t crash as a result of higher cases.

Volatility shrinking, volume shrinking last few days. Nice. Just waiting for a breakout ! Those hoping for a break lower given the increase in covid 19 cases must be delusional. In the long run, we know where it’s headed. Have a good day guys !