glovefinish

glovefinish | Joined since 2020-11-17

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Stock

2021-06-13 10:35 | Report Abuse

No ban on RSS lah would continue on lah, no short squeeze lah bcoz retailers no power to do that lah. Retailers continue trapped lah if don't exit.

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2021-06-13 10:31 | Report Abuse

Diehard supporters don't blame this blame that blame shorties, blame RSS, blame manipulation lah, now didn't see any short selling on supermx counter, only the retailers sendiri jual sendiri beli to pull down the price lah. Trapped means blame yourself lah.

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2021-06-13 08:51 | Report Abuse

Still talk about profit margin and EPS, no use lah, stock price dropping lower and lower.

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2021-06-13 00:04 | Report Abuse

Just wait to see any show on or not on Monday and next week. See how long the show if really on. See how far it can go. Talk so much no use, just wait to see lah.

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2021-06-13 00:00 | Report Abuse

When the stock price stood at around $7 and $8, many diehard supporters said ASP won't drop lah, glove demand ongoing high lah, company profit will continue rising lah and the stock price impossible drop below $4 lah, now what they previously said won't and impossible already happened as facts but they stubborn still denying the facts and reluctant to accept and face it until being trapped, don't want and don't know to exit, continue to be bag holders.

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2021-06-12 23:36 | Report Abuse

Whether any up in glove counters caused by Top glove effects let see on Monday. It might be nothing to happen in klse market and might be not like what u expect. Anyway even really happen to go up on Monday, only the small up for a moment can't last long, it then would drop again. Just wait to see how many ikanbilis retailers to be trapped again.

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2021-06-12 23:15 | Report Abuse

Sharks performing short selling in this counter is JPM, of course it does not unload but short sell, at the same time there many other local ibs funds have positions in this counter also unloading their positions. Thus short seller (JPM) and local ibs funds are different entities doing different things short selling and unloading position in market. Thus someone said 'Impossible for short selling & unloading happen concurrently' this statement is totally wrong. He mistaken all the local ibs funds are same as JPM also doing short selling but actually not, only JPM short sell but local ibs funds do not short sell but they just unload their positions in this counter.

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2021-06-12 22:41 | Report Abuse

Good luck to keep your portfolio long long time number of years until next new pandemic come but don't know when. Wish u the best.

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2021-06-12 21:32 | Report Abuse

Monday and next week watch show how the topglove ikanbilis retailers to be trapped by sharks.

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2021-06-12 16:58 | Report Abuse

Most of the ikanbilis retailers already trapped their money in topglove. How much bullets they still have for the squeeze? Talk only lah who really believe it to chase high buy definitely would be trapped again. Let see in next week.

Stock

2021-06-12 16:52 | Report Abuse

See how the ikanbilis retailers to be trapped again in topglove.

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2021-06-12 16:49 | Report Abuse

Top glove price very hard to goreng up bcoz many trapped in it waiting to unload that forms high selling pressure. At the moment no funds will come back to push up the price let the trapped ikanbilis to release since the funds including EPF and even Tropicana already unloaded their positions to trap the ikanbilis retailers during last rebound. Tropicana unloaded at loss last time and it still have substantial trapped positions waiting to unload later to pull down the price.
Even want to go up back to $6 also difficult, don't talk about $7.
Let see in next week how it performs in market to react the UK listing news as u say.

Stock

2021-06-12 14:45 | Report Abuse

Don't be so sensitive, it's only the posting of views. If u don't like it can just ignore.

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2021-06-12 14:42 | Report Abuse

Pre-pandemic supermx is only the penny stock and no ones care to analyse the company but when pandemic arisen now so many see it and analyze it as a very good company. I think after number of years post-pandemic many would forget about the company again and at that time even can't see anyone care about to analyze it again. Later, it might go back to be freezed in fridge or cold storage again as pre-pandemic.

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2021-06-12 14:28 | Report Abuse

Some still just getting drunk and too much focus on the FA of company but totally ignore its TA, don't know whether they are making money or losing money as stock price would continue drop lower and lower than their holding cost in future. Actually the company FA start to change weaker and weaker over the time even though it's still better than pre-pandemic but someones here are still crazy in analysing it to be very very good. If it's really so good as u say, why the stock price keep on dropping lower and lower all the time and the buying force so weak, trading volume so low, so far no funds buying to support?

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2021-06-12 12:38 | Report Abuse

Just the small trading volume on each day, where got glove mania? If glove mania on, where are big big trading volumes? U might have trapped a lot in this counter urgently wish for glove mania come back goreng up let u to release. Being crazy and blindly every day and night thinking about glove mania, can't open eyes to see clearly the trading volume on each day.

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2021-06-12 12:06 | Report Abuse

Still dreaming the glove mania and glove story. It already ended long time ago. Let see anymore glove mania or glove nightmare on Monday.

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2021-06-12 12:01 | Report Abuse

Don't forget previous rebound up to $6.50 was initiated by forreign hot money funds from around $4 and then followed by local ibs funds joined in goreng, they pushed up the price to unload their trapped positions. However this time drop to below $4 didn't see the footprint of any funds in glove counters including supermx. Without funds and big players to goreng only the retailers trading this time, how to have big rebound? Don't dream, the forreign and local ibs funds already unloaded their tickets to u in previous rebound, why do they come back to goreng up the price let u trapped to release?

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2021-06-12 11:46 | Report Abuse

No more bull run run, it should be bear run run now.

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2021-06-11 23:51 | Report Abuse

Ya loh He seems lost a lot in this counter otherwise why fatt land jar here.

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2021-06-11 23:49 | Report Abuse

Should be like this. If tak boleh tahan, just leave the forum quietly deal with your portfolio. Why want to care other people posting here and fatt lan jar here.

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2021-06-11 23:42 | Report Abuse

If u really make profit, u won't bother and care how people posting here. People making profit should be happy and never mind how people post their views and comments. U are so angry and so mind other people posting negatives on the stock. Not sure u are making profit or loss in stocks. Very funny.

Stock

2021-06-11 23:34 | Report Abuse

If u don't like pls leave this forum it's not suitable to u. Go to make your own forum. How u claim also can't ban others posting here. People just keep on posting what u can do even u don't like?

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2021-06-11 23:17 | Report Abuse

One more time to remind this is free open forum not your own forum. If u reluctant to see others views and comments go to make your own one.

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2021-06-11 23:14 | Report Abuse

I don't shut. What u can do on me ah. Never respect people right of saying and posting. U are really rude.

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2021-06-11 23:11 | Report Abuse

Why I need to shut up. Remember this is free open forum for every investor or trader to post own views and comments. This forum is not for your own. If u don't like to see any views or comments here u can leave it. Why ask other people to shut up. U no right to do that. Everyone has right of posting in this free and open forum.

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2021-06-11 22:57 | Report Abuse

Why so angry. Do u admit u being trapped? I didn't mention u.

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2021-06-11 22:52 | Report Abuse

Cash999, Cool down why so angry.

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2021-06-11 22:47 | Report Abuse

Many already disappeared from this forum quite a long time I think they might have cut loss or taken profit exited from this counter moved to other counters. Thus I saw some in other counters like pang72 in Genting forum. Those still appearing here might be the last batch left being trapped, no way to go.

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2021-06-11 21:59 | Report Abuse

ASP dropping, company profit dropping. At this moment, no issues for goreng and no factors can stimulate funds come back to goreng. Without funds goreng only the retailers trading, price tends to drop, how to have big rebound? Even up a while also very little then would drop again.

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2021-06-11 18:19 | Report Abuse

This time really drops to new low totally no rebound bcoz so far didn't see the footprint of any forreign and local funds come back to goreng, compared to previous rebound up to $6.50 there were forreign hot money funds came in from around $4 goreng up and then followed by local ibs funds joined in pushed it up to maximum $6.48. I think during the previous rebound all these funds already pushed up the price fully unloaded their trapped positions, thus this time drop they no more touch and don't come back to glove counters including supermx.

Thus in absense of funds and big players only the retailers trading, all glove counters including supermx would continue yam tik yam tik drop lower day by day without big rebound. If U buy to wish for big rebound might be making the mistake. Be careful.

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2021-06-11 15:15 | Report Abuse

All glove counters create new low. This means what? Glove finished game.

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2021-06-11 14:41 | Report Abuse

US plant setup might be a dream at the end might end up with cancellation that might be disappointment.

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2021-06-11 13:55 | Report Abuse

No big rebound, only a few cents up then would drop again. If buy now most likely would be trapped.

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2021-06-11 11:32 | Report Abuse

Someone say to buy for dividend. If u aim for dividend, supermx is not a good choice bcoz it doesn't have consistent and clear dividend payout policy can't guarantee for good dividends in future, this is shown in its historical record. This year it paid a bit higher dividend due to high profit earnings, u won't get such high dividend again in future as its future profit earnings decline due to ASP drop. If u really aim for dividend consider other counters like topglove and hartalega, public bank and May bank which have consistent and clear high dividend payout policy. Actually least people invest for dividend, most people buy stocks aim to make profit from price appreciation for capital gain.

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2021-06-11 11:15 | Report Abuse

At current price still not suitable to buy for long-term investment bcoz it broke the previous lowest means price would drop lower and lower again from the TA view, it still has much room to drop. No funds support would be yam tik yam tik drop totally no rebound. At this moment don't buy for rebound would be trapped, it's hopeless.

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2021-06-11 10:17 | Report Abuse

Topglove price and PE higher than Supermx bcoz topglove is supported by local funds especially EPF and its boss by share buy back but supermx doesn't have all these support and it is mainly dominated by retailers.

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2021-06-10 23:07 | Report Abuse

High or low PE and high or low stock price all depend on whether have fund support. If a stock highly and long term supported by certain funds especially local funds which have substantial holding in the stock, its price usually can steadily stand at high level with high PE bcoz the funds would buy in to support the price once it drops obviously. Conversely if a stock lack of or no funds support, its price usually can't steadily stand at high level even it goreng up would then drop back to lower level with low PE. Bcoz supermx to be kicked out from klse index and Shariah index, it would be lack of or even no funds support that its price most likely at low level with low PE after pandemic.

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2021-06-10 22:45 | Report Abuse

PE is not the absolute factor to determine stock market price which is influenced by many other factors including TA.

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2021-06-10 22:40 | Report Abuse

monetary, if u say PE normalized to be 30 to 40, who going to push up the price for this normalization since most of the forreign and local funds already exit from supermx counter and they might not come back again due to pandemic going to be under control over later that no more pandemic issues can be used for goreng. Not necessary high PE for it, might be just low PE 2 or 3 only after pandemic over.

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2021-06-10 21:39 | Report Abuse

All just continue talking about the company good fundamentals but the stock price keep on dropping lower and lower. Thus the company fundamentals actually doesn't help to stimulate its buying force and its market price. Many are just talking for shiok shiok sendiri only. How much u talk on company fundamentals would be useless, price would further drop. Now FA is not important it doesn't work to push up the stock price, instead TA is more important to see any forreign or local funds come back to goreng it upon. In the absence of bankerchips of funds and big players only the retailers trading, it can't go up much, would be stagnant downwards yam tik yam tik drop lower.

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2021-06-10 21:26 | Report Abuse

If US government really has a policy to set up its own local gloves manufacturing and supply chain to fulfill 50% or even more of its glove demand that would be the disaster to all glove companies in Malaysia bcoz they much dependent on the export to US market which would definitely reduce significantly due to US government policy.

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2021-06-10 21:13 | Report Abuse

Whether the US plant setup plan to be implemented or not also much influenced by US government policy which is still unclear now. Another problem of set up US plant to supply US market as this may be a part of US government policy, what's about the production of Supermx plants in Malaysia? It might be less or even no more export from its Malaysia plants to US market which already fulfilled by the production from its US plant. Then how does the company deal with its Malaysia plants production? If u say company can expand its market share to other countries like EU market to absorb the production from its Malaysia plants, it's not easy to do that bcoz facing high competition from other producers especially China producers which also plan for production expansion, at the same time facing the world wide glove demand dropping.

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2021-06-10 16:38 | Report Abuse

Can't rebound means high possibility to break the previous lowest towards further south after a few testing.

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2021-06-10 15:24 | Report Abuse

GloveASP, The US plant setup totally no stimulus on supermx price. People won't buy it just bcoz of the new plant setup. It might be great to u bcoz u already trapped holding it but it's nothing to other investors and non holders. Furthermore the production expansion would create excess supply for cheap sales if it can't be matched with the glove demand which is declining now as stated in topglove report.

As I know the setup of US plant so far still in the proposal stage no further news yet. How do u know and from where u get to know about 2 billions MYR transfer to it.

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2021-06-10 15:10 | Report Abuse

Any full lock down also useless it doesn't stimulate glove stocks including supermx. Now is already full lock down whether to allow some businesses on or no businesses on make no difference people already used to it no fear, all the glove stocks still dropping now.

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2021-06-10 14:56 | Report Abuse

Think about what other issues lah other than this pandemic issue can stimulate its buying force and its price.

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2021-06-10 14:53 | Report Abuse

No need to talk about UK covid cases lah, now pandemic issues totally no more stimulus effect on glove stocks including supermx price. The stock price won't go up much due to high covid cases.

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2021-06-10 14:08 | Report Abuse

Pity those continued top up from $8 to below $4 now, don't know how much already trapped in it where the average cost around $6 to $7. If no bankerchips like funds and big players enter to goreng and only the retailers trading, it's difficult to rebound back to around $6, even $5 also difficult. Without the participation of funds and big players, it tends to be stagnant downwards, yam tik yam tik drop day by day until dry (least volume) that might be its bottom, see how low its bottom price at which can consider to buy some put in fridge or cold storage for number of years to wait for next new pandemic or any other disease crisis come to goreng up.

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2021-06-10 11:00 | Report Abuse

Once to see the profit decline due to the drop of ASP, all the ibs would start to revise downwards their target price of glove counters including supermx. As the consequences, the stock market price would drop accordingly. This is usual practice in stock market. Thus don't believe so much on the ibs target price, it hardly to reach.