Post removed.Why?

Yupeetan, u pls open your eyes and see clearer now the Genting price is very steady up trend it doesn't water fall as u say even with full MCO causing its operation stoppage suffering loss and high covid cases in our country. What's else u think would be worse than its current situation can make its price water fall again? Don't blindly simply say it will drop to $2.95 without any acceptable reasons. U go and see all the glove counters now water fall like hell even the companies making billions of profit holding billions of cash pile. Why?

Bcoz Genting share holders invest for the company recovery and high potential growth in future that lead to strong buying force and strong holding power to support the price whereas glove stocks holders invest based on current and the past always get crazy and drunk with the company current and past earnings and its few billions of cash piles don't realize or in denial of the possible decline of company profit due to the drop of ASP, glove demand and its oversupply world wide in future. Remember stock market investment always be forward looking into future not based on current and the past.

How far can go without bankerchips like funds and big players goreng only the ikanbilis retailers trading?

Three things to learn from glove stocks:

https://youtu.be/3oJEcdvM27s

Crazy thinking, people posting some views and comments in this forum deemed to talk down supermx and deemed can influence the stock price. Can people posting here have so super power to influence the market? Is this forum big enough to influence klse market? How many people in this forum? It's just a very minority of investors attending this forum. How can it influence the market price movement?

Very funny and crazy thinking also people posting some negative views or negative comments about supermx deemed are hired and paid by ibs to do that. May be some supermx lovers here really become crazy, kelam kaput and too worried about the stock price drop until they just simply make their own assumptions and blame this blame that.

It doesn't crash but yam yam tik drop until dry and no more momentum to be long term stagnant at certain low level over long long time number of years that u can store it in fridge or cold storage.

No bankerchips like funds and big players participate to goreng only the retailers trading, how to have strong rebound? Who going to push it?

Yam tik yam tik drop to break $4 soon. Little little drop day by day without deep drop might not have big rebound.

Stock price can go up fast bcoz of bankerchips like funds and big players goreng push up just like what u saw in the recent rebound up to $6.48. Without the participation and goreng by funds and big players only the trading by retailers, stock price can't go up fast and much just like supermx counter now only the retailers trading so far no forreign and local funds or big players goreng as shown by homily chart.

When stock price shoot up as goreng by funds and big players, must know how to sell off for profit taking but many are greedy to think that price will continue to rise like in the recent rebound up to $6.48, some said will go up to $7 and $8 that caused them missed the golden chance to sell at $6 and $5. Many know to buy and top up but don't know to sell for profit taking just bag holding the stocks along with the price up and also along with the price come down again at the end earn nothing. When price further drop lower again to be trapped and keep on top up to trap more until become long term investment at substantial loss in a profit making company.

Even supermx won't drop below $2 now doesn't mean it won't after let say two years time. If supermx can't go up to the level let u to release in 2021 and 2022, u sure have to continue holding it in 2023 onwards at that time the stock price can drop to $2 or below as ASP, glove demand all drop significantly with the oversupply to happen after two years 2023 onwards. If U think is cheap to buy now at $4 or $3 plus then can't sell keep it until 2023 onwards price drop to $2 or below that can make u suffer loss also.

It's out of your control whether still in or kicked out let Bursa to decide on it. Relax.

Never mind let see and wait for the official announcement will know. Don't be so worried. Relax let it proceeds.

Remember the recent rebound was initiated from around $4 by forreign hot money funds entered goreng and followed by local ibs funds pushed up both for the sake of unload their positions that finally pushed the price up to maximum $6.48 then reversed drop until now.

However, now price dropped back to around $4 so far didn't see any forreign or local funds buying and no bankerchips goreng. Any strong rebound?

Whether to be included or kicked out from klse index composite just see the market cap will know. Market cap is the main benchmark.

U think below $4 sapu then will strong rebound? Not necessary it might not be like what u think, usually yam yam tik drop no dip drop might not have strong rebound furthermore no bankerchips like funds and big players goreng, so far didn't see any forreign or local funds buying.

See pharmaniaga rocket high jump by about 29% $1.50 but most of the glove stocks dropping even they are all in healthcare sector.

If u think the price now u can't accept it, so forget about it lah just go ahead with your penny stocks. Market is so big with many stocks, why want to be so stubborn to hope for Genting drop to $2.95 or $3 which is very slim possibilty. If u want to get this price u should buy it last year at its bottom at that time all people looked bad on Genting not now. If I not mistaken the lowest bottom price was around $2.95 in last year when I bought that time. Honestly it's now very low possibility to drop back to $2.95 or $3 bcoz people are not so pessimistic even many are now optimistic about Genting's future although is making loss.

Everything is determined by market not u and I can determine. Not say u think it should be at this price then it will be. Just like many supermx lovers claim that supermx should worth at least $6 plus but the market only present it at around $4. Market is the one to determine investors have to accept whether u like or not.

Yupeetan, how do u know people have 300000 genting shares locked up at level 5? Do u know some have done bottom fishing at around $3? Like my self is holding 300000 Genting shares at $3.10 its bottom part.

Yupeetan, u go ahead to buy your penny stocks since u think Genting so bad, nobody ask u to buy Genting.

The stubborn glove diehard supporters can't accept the facts now but they would see the facts picture clearer as time going on may be few months later by end of this year or next year.

Many here already become grazy for the stock price drop until simply assume people posting negatives about glove stocks here to work for so and so ibs. Ridiculous, people just post the facts and own views only even though it might be negative to u. It's no such thing that work for ibs as what u assume. U think this forum is so influencial that ibs will hire people to talk bad about glove stocks to press down the price. If u think like that u are very innocent and ridiculous. May be already become desperate, mad and grazy of the stock price drop blaming this and that.

Stock market is forward looking into future not based on current and the past. People buying Genting now is looking forward its recovery in future already overlooked its current loss and its current bad business situation which are already expected. As long as company has sufficient cash in hand about 28 billions, previous retained earnings about 30 billions and other financial resources available to get through this crisis time with vaccinations in progress eventually it would recover in future only the matter of time and when come to that time its price would definitely shoot up swiftly to its pre-pandemic price level $6 plus and even up to its NTA level $8 plus in longer future.

Those who invest based on current earnings and current cash piles and the past performance never look forward into future like all the stubborn glove diehard supporters would be the failed investors bcoz they invest at substantial loss in a profit making company. This means they are trapped at high price that their investment at substantial loss even the company still making profit in future.

Those talked so much last night today hiding in the cave.

Why some desperate sad glove lovers come to this forum here to celebrate with us Genting holders that Genting no freefall no limit down and no heavy sell down as u think. I thought I can top up some more at the previous bottom price but it seems very slim chance. The glove lovers like u think that this time MCO full lock down with high covid cases in our country can boost up your glove stock price for another bull but it seems u all very desperate sad and hopeless today.

If this time MCO full lock down with high covid cases in our country also can't stimulate the glove counters shoot up rocket high means hopeless then u all glove lovers prepare to keep it for yourself for long long time number of years don't know until when may be until next new pandemic come. Good luck to all the glove lovers joining Genting forum here. Cheers for your long term investment at substantial loss.

I sleep well last night and would continue to sleep well in future but someones here can't sleep even can't eat worrying in future.

As I told already homily chart shows no bankerchips like funds and big players in supermx counter all already exit during last rebound only left trapped retailers trading. Without the bankerchips participation and goreng only the ikanbilis trading, how the stock price can shoot up? It's now only one way ticket to be stagnant down trend yam tik yam tik drop.

Why the recovery counters like Genting no freefall and no limit down? I am waiting to collect cheap cheap tickets. Don't know have chance or not.

If this time full MCO with high covid cases in our country can't stimulate the stock price to shoot up rocket high means hopeless, those trapped ones prepare to keep it for yourself for long long time number of years don't know until when may be next new pandemic come. Good luck.

Why no limit up? Very desperate sad, is it?

Anyway just see the market how it performs in next week. Have a nice sleep all of u. Don't worry I sure will sleep well.

Yakah, we all posting some negative views here show we love supermx which has more values? Very good imagination. Pandai u.

ooi8888, I think the sleeping pills are more suitable for u. Keep it for yourself.

Sure I can sleep well bcoz my average cost for Genting is near to its previous bottom at $3.10 I want to know whether it can be sell down to its previous bottom or not that is the golden chance for me to top up some more at this bottom price.

U all glove lovers keep on telling recovery counters like Genting to be freefall to be sell down due to MCO full lock down. Don't forget Genting already stopped operation prior to the announcement of MCO full lock down. Whether it's freefall and to be sell down and how much down I am interested to know, let wait to see it will happen or not in next week.

Yakah, are u the shorties? How do u know? Go ahead.

Nobody in doubt of glove companies will continue making profit in future but only consider its super profit sustainability in future due to the gradual drop of ASP, the decline of glove demand and oversupply of gloves caused by worldwide production expansion. All these would directly affect its stock price performance in future whether the glove stock price can rise or can stand at current price level or will further drop lower in future, all these have to wait and see how the market perform react in future. It will be more clear picture by end of this year or next year. Let see.

Pity all the stubborn glove lovers already can't logically and objectively think about what situations the company facing and the investment environment now just try very hard to defend the company in its all good never consider its real business risk. The setup of US plant so far only in the stage of proposal no further news yet might subject to change or cancellation but they just act like directors to twist confirm say it will sure be carried out. The projection and estimates given in company report subject to change over the time but they try to twist confirm it as really will happen like that in future even the company directors also can't guarantee for it.

All their acts mainly due to being trapped at substantial loss can't release and feel desperate sad the only way is to think and defend company in its all good so that to provide them confidence of continue holding the substantially losing portfolio.

Yes last year with small number of covid cases but no vaccines yet people in fear don't know how to deal with it, people felt hopeless. However this time even bigger number of covid cases but got vaccinations worldwide available and seen effectively control the pandemic in US, Europe and Israel, people no fear used to it already know much about covid virus and how to prevent and deal with it. Herd immunity eventually would be, pandemic eventually would be under control over, only the matter of time, people can see the light at the end of tunnel with hope for the future. These would make the investors' and the market perceptions of glove counters and other counters now different from last year. Let time and market to show the differences. Wait to see.

So much to defend the portfolio means that being trapped at high floor can't release, this is the only way they can do to provide themselves confidence continue holding the portfolio at substantial loss.

Let see who can't sleep, the stubborn glove lovers or the ones who are giving the views here. Wait to see any bull or the price continues stagnant down trend.

Let time and the market to present everything. No need to argue. This is only the view whether accept or not up to u. Let time and the market to present.

Situations in this year MCO full lock down are much different from last year MCO 1.0. Followings are the differences:

1. Last year MCO1.0 No vaccines yet people know nothing about covid virus can't see the light in tunnel all investors including funds in fear moved out from all other counters focused goreng in glove counters led to its super bull but situation different now as worldwide vaccinations in progress and seen effectively control the pandemic especially in US, Europe and Israel, investors no fear used to it and forsee the light at the end of tunnel for pandemic can be under control eventually would be over and recovery eventually would take place. Thus would be no funds and not many investors move out from other counters focused to goreng in glove counters this time.

2. Last year glove super bull, funds and big players easy to manipulate push up the stock price bcoz no trapped retailers no selling pressure but in this time many trapped ones waiting to unload at high floors that form high selling pressure to restrict the price rise thus funds and big players knowing this might avoid don't come in to goreng glove counters bcoz they know many trapped ones would sell to them once they push up the price and difficult to manipulate the price.

3. Last year glove super bull was fresh many retailers have a lot of bullets and no burnt hand all were very brave and dare to chase high that form strong buying force to push up the price but in this time many already trapped and burnt hand dare not chase high, lack of bullets and even want to buy will buy low sell high for short-term. How price can shoot up rocket high this time?

4. Last year all believed and expected ASP, glove demand and glove companies profit super increase to the peak that stimulated strong buying force led to its super bull but in this time most investors including funds and ibs foreseen the drop of ASP and glove demand and the decline of company profit and oversupply of gloves to happen worldwide in future that do not stimulate the buying force conversely lead to high selling pressure. How will it bull again this time?

5. Last year glove super bull no RSS yet, no call warrants expire yet, no ibs manipulation to press down the price yet bcoz ibs were the main ones to goreng push up the stock price but in this time with RSS continue on glove counters, many call warrants pending to expire and ibs manipulation to press down the stock price, how to have bull again this time?

Someone still believe in the ibs target price, all mostly not reachable. Remember during last year after bonus issue ex when it stood at $7 plus many said will go up to the target price set by ibs $20, $18, $13, $12 and so on but finally never reach there dropping until now. The ibs target price are price resistance usually never reach or even reach also can't steadly stand there would drop back below it bcoz many including funds would choose to sell for profit taking prior to the target price that form strong selling pressure to pull back the price drop again.

Furthermore ibs can revise the set target price downwards once they see ASP and glove demand tend to drop further, oversupply of gloves and glove companies profit tend to decline later. Just like last year they set high target price for all the glove counters were then revised downwards in this year. It can be further revised downwards later followed by further drop of its market price.

Remember the recent rebound was pushed by forreign hot money funds entered and then also the local ibs funds entered that goreng and pushed to maximum only $6.48 then reversed drop until now. During the recent rebound some said will reach $7 and $8 but finally not reach. Now U want it to go up to $7 that would be challenging see how the market perform. Now whether can go up above $5 and $6 is a questiom don't talk about $7 so far away.

Let market to present everything. What u expect the strong rebound need to see market how to perform, not u say like this it will be like this. Wait and see.

So far the homily chart shows no bankerchips like funds and big players in supermx counter bcoz they already exit and now only dominated by trapped retailers trading in it, how to go up much or how to limit up without bankerchips to push it? Unless funds and big players enter. Wait to see any funds and big players enter.

Yes now only the view let time to present whether is reality or not. Just wait to see.

Sometings are going on and intended to do by US government on its import from all glove manufacturers in Malaysia. First is on topglove and now on hartalega and supermx, may be later on Kossan and others who knows. It shows that US government might start to ban all glove import from Malaysia and taking steps to build its own gloves supply chain that would be very detrimental to whole glove industry in Malaysia which much rely on exports to US market. Not only US it seems Europe is to follow also. Wait to see.

US taking action to investigate the forced labour issue of Supermx. Do u think this will affect the its proposal of setting up plant in US? Will it be approved by US government for that with the investigation of its forced labour issue? Thus possible it's U S plant setting proposal might subject to change and cancellation later. Wait to see.