How much u defend and beutify it with all sorts of your own assumptions and projections also useless bcoz all these can't stimulate the stock price to go up much. The stock price won't go up due to your defence. The FA now becomes not important at all, it doesn't work to induce the buying force. Why not just be silent to observe the TA see how it performs upon the stock in market bcoz its price movement now much dependent on whether any funds or big players come back to goreng it, and any factors other than pandemic issues can stimulate its buying force. Pandemic issues no more stimulus effect on it.

pjseow previously defended so much about ASP ongoing high but finally now admit ASP dropping. Now turn to defend its dropping rate. As I always say time can present and prove everything, it won't lie. Let the time to present also the rate of ASP drop.

Tropicana still holding a lot of topglove positions. Last time it sold off some at loss. If later it unload to cash out even loss, topglove price tend to drop further that would lead to others including supermx drop further.

It seems move to South today. No factors to stimulate it go north. Mainly so far no foot prints of funds and big players in glove counters including supermx.

Who say ASP and glove demand in future ongoing high, this is in contrast with what informed by topglove boss and executive director. The supermx diehard supporters here seem smarter and know more glove future than the boss and directors of topglove. Ridiculous.

Top Glove sees glove prices to continue falling in coming months

https://www.theedgemarkets.com/article/top-glove-sees-glove-prices-continue-falling-coming-months
June 09, 2021 17:43 pm +08

KUALA LUMPUR (June 9): Top Glove Corp Bhd expects average selling prices (ASPs) of gloves to drop further in the coming month due to weaker demand from the US and lower raw material costs.

Its executive director Lim Cheong Guan noted that the ASP of nitrile gloves fell 20% in Top Glove's third financial quarter ended May 31, 2021 (3QFY21).

"The ASP adjustment was in line with market pricing trends and lesser sales volume to the US," he told a virtual press conference held in conjunction with the announcement of the group's latest quarterly results.

The world's largest glove manufacturer posted a softer quarter-on-quarter (q-o-q) performance for 3QFY21.

Its net profit fell 29.03% to RM2.03 billion from RM2.87 billion for 2QFY21, while revenue shrank 22.42% to RM4.16 billion from RM5.37 billion, as the group was barred from exporting to the US.

The group said the weaker q-o-q performance was owing to a decline in ASPs by 16%, a lower sales quantity following a temporary halt in shipments to the US from Malaysia and higher latex as well as natural rubber latex concentrate prices.

Without the participation of bankerchips like funds and big players to goreng, only the retailers dominated trading, how far it can go up? So far no foot prints of funds and big players in all glove counters including supermx.

If supermx is privatized, most of the its holders would go to holland as surrender their positions at loss.

The main difference between Genting and topglove in market perceptions is market perceives Genting to recover from loss to profit making even it just 100 millions profit that cause its price uptrend whereas market perceives glove companies including topglove profit decline due to drop of ASP even topglove still earning 2 billions profit that reflected in its price down trend.

Now let see how the market react to topglove profit declining and ASP dropping.

pjseow, u are losing in supermx should care for when and how to recover your loss, why want to care people investing in Genting stocks now making profit.

pjseow, what u say are just your own assumptions which are baseless. No need to argue about Genting whether is good or not. It is not u say to be. Whether good or not is determined by market, the majority of its investors who act as strong buying force. Let time and the market to present it whether good or not. Wait to see, time and market won't lie. Care for your supermx portfolio lah dropping all the time. Why want to care Genting which uptrend now with strong support and buying force.

When the stock price stood at $10, $9, $8 and $7 level many said the company very good fundamentals super profit, ASP and glove demand sky high, now the stock price already dropped to below $4 they still keep on saying about these good fundamentals of company ongoing good. If really so good as u say, why the stock price dropping below $4 now can't rebound also?

pjseow, If Genting already up from its bottom around $3 to $5 plus is as u say down trend, then what's the trend of supermx now already dropped from its peak $24 pre-bonus issue or $12 after bonus issue down to below $4 now.

pjseow, u can't see any good about Genting never mind. There are many people in the market can see its good. Thus now it has strong buying force that price uptrend from its bottom around $3 up to now around $5.17. I don't think many people in market seeing its good are wrong and only u can't see its good is correct.

Nobody can change the market price lah may be except Djoker89 can.

Djoker89, u are wrong. I start to join this forum after supermx already dropped from its peak to around $8 plus at the end of last year. I was not in this forum yet before that. U can check through the record of this forum if available. Pls check the record what I have posted here first don't simply blame this blame that dare not face the facts

Djoker89, don't be so desperate. Cool down. I am ready to wait for what u said the squeezing to come. I never depend on homily chart only for my investment. It's just the reference. I am not bad mouthed but so far I have told the facts. U can check through what I posted here all are facts now, only the stubborn here dare not face it.

Wait to see any big rebound for supermx, would know in this week.

At the same time we also can see how the market perceptions and confidence on supermx that indicated by its market price. Let time to present how supermx would be in future. Wait to see.

No need to argue about Genting. Let time to present how it would be in future. So far now its market price already indicated how market perceptions and public confidence on it.

U know why I traded supermx in recent rebound bcoz I saw some forreign hot money funds entered supermx counter at that time around $4 anticipated speculation to take place that really happened. However this time price drops back to below $4 also didn't see the footprint of any forreign or local funds enter to goreng. So far homily chart indicates no bankerchips of funds and big players in supermx counter. Without their participation and only the retailers dominated trading that u also can see from its small volume, it might not have any big rebound can't go up much.

Myinvestor, I think u not really understand the financial status of Genting. It borrowed for its business expansion like many businesses would do. It has 28 billions cash pile even much more than supermx and it has about 30 billions previous retained earnings to support its current loss. Even it still continues to make loss for number of years also no problem still can survive but it won't be loss for so long and it would recover to make profit as long as vaccinations up to 60% or 70% expected by end of this year or next year where interstate travel ban and even national borders reopen.

MC33, I think u are new in this forum. I have traded supermx during the recent rebound already earned some about RM40k, besides that I don't own any supermx stock how I make loss?

Better pray for the top glove quarter result not to drop below expectation otherwise all glove stocks including supermx price would be towards further south.

Nothing related to the grading or rating of company, it's more on market sentiments, market trend and market perceptions of recovery in klse now. People invest based on market sentiments, trend and perceptions not to see how the company grading. Only u take it to defend your portfolio seeing dropping all the time.

Homily chart indicates so far no bankerchips of funds and big players participate in supermx counter, dominated by retailers trading only. Thus tomorrow most likely continue yam tik yam tik drop towards previous lowest $3.7x. Whether break it go further south, let see tomorrow.

Don't expect any rebound as price no deep drop but yam tik yam tik drop day by day. Furthermore so far didn't see any forreign or local funds come in to goreng. Without bankerchips like funds and big players participate, it should be no rebound. Remember the recent rebound to $6.50 was initiated by forreign hot money funds buying in from around $4 last time and then followed by local ibs funds came in to push it further up to maximum $6.48. Until now no foot prints of funds in.

See whether to break the previous lowest $3.7x to further south. This afternoon or tomorrow is critical for that.

Only the fooled ones buy stocks for dividend. They never consider the stock price can drop to lower level especially the down trending stock like supermx.

Don't say expansion so early, later the boss say no more US plant expansion and better privatize it to own all the cash piles for myself better. Then the boss will send all the minority stock holders like u trapped retailers go to holland.

Yalah, those keen to buy stocks for dividend, u should be happy with 13 cents dividend u got even u lose your capital by 70 cents or more now. Are u happy?

Those crazy with company fundamentals will say never mind to see the stock price drops day by day and they will be still happy even drops to $3 or lower later bcoz they say the company holding huge cash piles of few billions and still making huge profit, the ASP and glove demand are ongoing high in future no worries. Even eventually drop to $2 also never mind bcoz they say the company fundamentals are still very good.

During the recent rebound to $6.50, some forreign and local funds goreng pushed up the price for the sake of release unload their trapped positions. Many retailers didn't realize and chased high bought it now trapped, the existing trapped ones also not realize and missed the golden chance to release unload. Since the forreign and local funds already released unloaded their trapped positions recently, they won't come back to goreng push up the price for u to release now, this common sense. Thus it most likely no rebound would yam tik yam tik drop all the time until try.

bigfan01, u are smart know to cut loss exit and then cover back from other counters, not like some stubborn here to enjoy their loss. Congratulations to u.

If no funds and no big players come in to goreng and only the retailers trading, it most likely continue yam tik yam tik drop until dry. At this moment can't touch bcoz would lose bit by bit day by day once u bought.

Today yam tik yam tik drop again. No show.

Let see how the stock price to be by end of this year and next year. Interesting to know. Wait to see.
.

Now the glove lovers here still in hope and imagination for the ASP, glove demand and company profit ongoing high and the stock price will rebound go up again. Let see how their hope and imagination to be by end of this year and next year bcoz at that time everything should appear clearer. Let them to dream with their hope and imagination for few more months then wake up. Let see.

Anyway u can go ahead as u wish. Nobody will say no. Just a view.

I didn't say totally no up. I said occasionally have little up and down. But the really uptrend bullish to be caused by pandemic arise.

That means more related to pandemic. The two as say not related to pandemic might be the small up only.

Today drop to 5271 cases only.

Generally glove stocks are regarded as pandemic related stocks. It will be uptrend bullish have price goreng up when pandemic arise but it would be down trend bearish not much goreng may be occasionally little up and down at normal time without pandemic even the company making profit. Thus, company profit is not the key factor to cause it bullish. Even u keep it long term also can't see its price to rise much unless pandemic arise to push it uptrend. Thus those trapped at high floors above $6 difficult to release at the normal time after this pandemic, they might have to wait until next new pandemic come to rescue them don't know how many years to wait.

myinvestor, this depends on when and at what price u bought the stock. If u bought it at sky high price at the time when it was goreng rocket high that your investment at high cost would see its value declining over the time as stock price drops later. U would be losing money in a profit making company. Thus u make loss from your investment although the company u invested making profit.

Everything at the peak would decline come down, nothing can be forever at the peak. Thus after the peak, all glove companies profit would definitely start to decline in the coming quarters. This is inevitable. The consequences of profit decline would be its stock price drops accordingly for reflection. How low the stock price will drop depends on how far the company profit decline. Why the glove stocks price dropping now bcoz market foreseen the company profit decline in future. Let time and the market to present it.

The increase of gloves usage post-pandemic already taken into account thus the post-pandemic glove demand is expected slightly higher than pre-pandemic. It doesn't have stimulus effect on the stock price bcoz already expected, no surprise. Nobody will care it.

US Biden government allow its people who vaccinated no need to wear masks at outdoor. Do u think it will ask people or the food service or other service providers to wear gloves?

Where got heightened awareness, health hygiene standards? Look at the US people and Israel people now no need to wear masks walking outdoor. US Biden government already allowed US people for it.

Can see the trapped ones here so desperate. No need to be so sensitive of the posting here, it doesn't influence the market price. This is only the minor forum where only the minority attending it, nobody here can talk down or downgrade the stock. It's all depend on the market to perform and react. Cool down to face what the market gives.