This is open forum that everyone also can post comments and views in it. If u can't take it just ignore nobody ask u to care. Everyone has own idea and view. So far my postings here are telling the facts whether agree or disagree is up to u. U have the right not to accept but u don't have right to protest somebody comment. Remember this is free forum.

It seems with so high covid cases and nationwide MCO, it still have good and strong support at current level, very less possibilty to drop much lower. Those who intend to enter at lower price level might be disappointed. Anyway it should have large space to go up from here once the local and regional pandemic under control later since the improved and better situations seen in Israel, US and Europe.

FairTalk, Not to say no confidence in the company u invested but sometimes don't be overconfident and too optimistic on it. Everything has to consider its good and bad, its possibility to happen and its consequences. All things still in the stage of proposal and all the projections and estimates subject to change over the time due to unforeseen circumstances. Even what project mentioned and all the projected estimate figures provided in company report also subject to change and company directors also can't guarantee for it because of many uncertainties in future.

Glove mania already over it doesn't repeat anymore even how serious and how high the covid cases are. All glove counters now in long term down trend may be with occasional minor rebounds due to speculation as price drops lower. Funds, hot money, big players and many retailers already exit only left some ikanbilis retailers trading, how far the stock price can go up Without the participation and speculation by funds and big players?

FairTalk, I think u might be lack of accounting knowledge, the dividend payment must be financed and supported by company profit earnings not only see the company cash piles. Do u think in future company will pay u dividend as much as now getting or higher if the company profit earnings tend to decline due to the drop of ASP and profit margin and the decline of sales demand in future as already predicted generally by all the ibs, investors and funds, and even the company directors and management in company report.

Since u have so much hope on company setting up US plant just let time to present to u whether is reality or hopeless and disappointment. This news of setting up US plant totally can't stimulate the stock buying force and its price, nobody cares about it only u are so excited of it.

Setting up US plant so far until now still in the stage of proposal no further news yet. It's influenced by US government policy subject to change just like what happened on dual listing that already cancelled. Don't put so big hope on it otherwise u might be very disappointed later if any change or cancel. Furthermore setting US plant might not be profitable due to its high operation costs and high set up cost.

With setting US plant to supply US market, what would happen on its Malaysia plants sales to US that would definitely no more or reduced bcoz to be replaced by its US plant sales in US market. If u say company can expand its market share to other countries like EU market to absorb the Malaysia plants sales that would definitely face high competition from China producers which also would expand their market share in these countries with cheaper selling price. Even setting up US plant would also face high competition from US rivals too.

Overall it's not so easy and smooth as u think. It might have problem and difficulty that might lead to change or cancel later. Furthermore if the worldwide gloves demand and consumption happen to drop gradually from its peak later with all the production expansion taken place worldwide that might cause oversupply of gloves worldwide to pull down ASP, can the company expand its market share so easily to sustain its future profit earnings?

How much dividend u get out the company cash piles? Just little little only that is OK if u are happy with it since at this moment u can't make good money from capital appreciation or might be trapped at loss.

So funny keep on mention and focus the company cash piles. Are the company cash piles yours? Can u spend the cash piles for yourself? Why so happy and siok siok sendiri with it?

Setting up US plant so far until now only in the stage of proposal. Since it is influenced by US government policy might subject to change just like what happening on the dual listing. Thus don't put so big hope on it otherwise to be disappointed later. Furthermore setting up US plant might not be much profitable due to its high operation costs and high set up costs.

If the US plant set up to supply US market then what would happen on Malaysia plants export sales to US that would be no more or reduced bcoz to be replaced by the US plant sales. If u say company expand the market share to other countries like EU market to absorb the Malaysia plants sales sure would face high competition from China gloves manufacturers which also expand their market share with much cheaper selling price. It might be a great problem and difficulty to expand its market share in US due to high competition from US rivals and also in other countries due to high competition from China producers which have price advantage. It might be not so easy and smooth as u think.

Usually stock price would go up along the company profit growth and not along with the cash piles of company. When investors including funds if forsee the company profit in great growth just like what happened on all the glove companies beginning of last year that their stocks price all rocket high to the peak. However now most investors and the funds forsee the profit of glove companies going to decline due to the drop of ASP and glove demand in future thus they sold off to exit that causing all the glove stocks price dropping in long term.

The company with high cash piles but no profit growth usually won't have its stock price to goreng up. Furthermore only a few billions of cash piles is not a great deal in public listed company. Some listed companies even have much more than that. Investors including funds are more focus on company future profit growth than its cash piles.

Dividend payment must be financed by company profit earnings not only see the cash piles of company. This is accounting principle that must be adhered. Just think logically if the company profit tends to decline from its peak over the time, will the company pay dividend as much as now getting or even pay u higher dividend with profit decline in future?

It's long term down trend with no more factors can stimulate the price to go up much. All the good fundamentals of company including high ASP, high demand for gloves and super profit of company and even capacity expansion already priced in. All these fundamentals of company tend to be weaker along the time that ibs are more likely to revise its target price downwards that followed by stock market price would further down in future.

Many funds, hot money and retailers already exit from glove counters even they buy back later for speculation would also wait until the stock price to drop lower, they won't chase high to buy now. Thus it's long term down trend with occasional minor rebounds in between due to speculation as price drops lower. If u keep glove stocks as your long term investment u might see your investment value declining over the time especially it would be very obvious after the pandemic under control over later as stock price might drop significantly at that time

Increase in capacity doesn't mean increase in revenue and profit if the increase in capacity not matched by the demand and the sales that eventually would cause the oversupply of gloves in market to pull down ASP and the decline of company profit.

Many were too believed in the high target price set by ibs last year thus caused u aimed for it and finally missed the golden chance to sell at high price as it dropped already prior to the target price. Now many still believe in it.

Usually the target price set by ibs is seldom to reach bcoz many investors especially the funds and big players choose to sell for profit taking that forms high selling pressure prior to the target price. Furthermore the target price is derived from certain calculation and projections that might not work in the real stock market influenced by many other factors like market sentiments, market trend, funds and hot money flow and the market speculation.

Even sometimes it reaches the target price just for a while only it might not be able to stand steadly above or at the target price then drop back below it. Furthermore ibs can revise its set target price over the time based on the change of company fundamentals. For example later if the glove companies fundamentals change to not so strong or weaker with lower ASP and decline of company profit of course ibs would revise its target price downwards that followed by the stock market price further down again.

No point to defend the company good fundamentals if your stock investment can't make good and great money for u. Thus it's meaningless that u are making either loss or no profit in a profit making company. How good the company, how much profit it makes and how much cash it's holding also not yours and not much to benefit u, the most u can get is some dividend as return only. All the profits made and cash piles are mainly controled by the boss and the major shareholders who benefit it.

Usually people invest in share aim to make money for selves seldom to bother so much about the company fundamentals. Only those trapped ones or unable to release at high price will look at company fundamentals and try to defend it bcoz is no choice have to keep it for long-term thus hope the company fundamentals good to provide him or her confidence of long term holding the stock and to secure his or her investment.

Don't forget company fundamentals subject to change over the time.Company fundamentals no doubt are good now still making profit and holding piles of cash but these are only seen in these one or two years, what's about after one or two years later or even longer in the future bcoz u might have to keep the stock not only for one or two years but might be for longer period if u can't release sell it bcoz of the price.

Report how high the covid cases and how far the virus mutation also no use, it can't help to stimulate buying force and the stock price. It seems all glove stocks including supermx are no response to all these now.

Nationwide high covid cases and MCO 3.0 plus India covid mutation and high covid cases also can't stimulate buying force and the stock price conversely drop. Totally hopeless, so don't think anymore stimulus for the stock price. Forget about it, just plan for your exit.

Bankerchips mostly already exit, without speculation by funds and big players only the retailers ikanbilis trading, how far it can go?

Many still remain looking at the company current huge profit but never consider its sustainability in future. Stock market is forward looking into future not based on current and the past.

Most investors including funds and retailers start to dump the glove stocks bcoz they foreseen the drop of ASP and the decline of company profit in future. U think they don't know glove companies are making huge profit now, why they still want to dump the glove counters? Just logically think it.

It's not up trend, still in long term down trend but might have certain price support at certain level.

Don't say it will not drop below $4 now it's too early to say u might see it to happen later when clearer picture come out about pandemic really under control, the ASP drop and company profit start to decline. All these eventually would happen only the matter of time.

Of course many dreams have been made here and still in making also.

With current market cap 12.35b at 30th seat much lower than Sime Darby, it most likely to be kicked out from klse index composite soon by end of this month to create history of being the only stock short-lived included in the index for shortest period of 6 months.

This stock might drop little by little day by day as chinese say 'yam tik yam tik' to lower level.

With nationwide MCO Genting stocks price only drops by few cents. It has strong support around $4.80. It seems even nationwide MCO doesn't have much negative effects on its stock price movement bcoz most of the holders including funds and retailers are ignoring its current situation and looking forward for its recovery in future. It is less possibilty to further down.

Nationwide MCO totally no stimulus for glove counters. All the glove stocks diehard lovers would be very disappointed and desperate. Be sincere heart to accept and face it.

This recent rebound to maximum $6.48 only whereas someones here expect last year glove stocks mania repeat in this year that stock price can go up to $8 even some say to $10. Thus those with high expectations and hope for reaching higher price might have missed the chance to release in the recent rebound. It's now back to long term down trend with the immediate resistance at around $5. Honestly the last year mania won't repeat anymore, it's only once no more second round. Be sincere heart to decide for your investment. Good luck.

pjseow, u are so innocent making a lot of own assumptions. U seem to be smarter than supermx boss why not make yourself as one of the company directors.

Pity for those who have topped up averaged down with the average cost still much higher than the market price lead to investment made at substantial loss in a profit making company if the stock price can't shoot up, stagnant or continue dropping lower and lower when the worldwide pandemic under control later.

Is it worth to invest with huge paper loss in a profit making company just to get little dividend as return which is expected to be lesser as company profit declines in future? Furthermore have other opportunity cost like interest income forgone or potential gain from other counters forgone as money trapped in supermx can't invest elsewhere.

Since as u say the company is so good so good it should be never mind for u to keep it long long time for yourself if the stock price can't shoot up for u to release. However for those who bought at high cost means u make losing investment in a profit making company.

MCO now totally no stimulus for glove counters, excellent quarter result also can't stimulate it. As u all say the increase of cases in Malaysia and India also can't push it up, whatelse can make the glove stocks price shoot up? It seems all the glove stocks including supermx price would be either stagnant swing left and right at current level or further drop to lower level once clearer sign come out for covid cases in Malaysia being lesser later.

I agree with azman123 bcoz this year 2021 situation is really different from last year 2020 that last year glove stocks mania won't repeat in this year and many have trapped at upper floors waiting to release that form the high selling pressure and great resistance to limit the stock price rise. This not exist in 2020 rally but it exists now in 2021. Thus, how far the stock price can go up?

Last year all funds, hot money and retailers moved out from all other counters concentrated in goreng glove stocks but this situation not seen in this year that funds, hot money and retailers no more focus on glove counters even many have moved out to spread over other counters thus u can see other counters price has gone up whereas glove counters prices come down.

Whether OEM or OBM selling price eventually would drop if the worldwide ASP drops only the matter of time to feel its heat even it doesn't happen feel it so soon in this one or two quarters this year. What's about in later time next year eventually it would happen to drop. With the signal seen for ASP dropping or going to drop soon that would cause company profit decline in future, the stock price is expected to drop correspondently in future. Do u think the stock price can go up if company profit decline in future? Even now with the signal seen for ASP eventually would drop, how far the stock price can shoot up?

Does supermx make golden gloves that buyers must buy from it and can't get it elsewhere? If the buyers can get the same quality gloves from other alternative suppliers at cheaper price why not to buy from them. If supermx still sell gloves at high price when ASP dropping, do u think buyers are waterfish will buy from it?

ASP dropping is reality now. Many still say demand for gloves still very strong would not go down till 2025 but this is only the assumption without the support data of worldwide gloves consumption. How are u sure about the ongoing strong demand for gloves till 2025? How are you sure about the covid cases will be all time increasing high to incur the strong demand for gloves that it will not drop till 2025?

It's not surprising later might have announcement to cancel the US plant setup plan. Dual listing in SGX and plan of setting up plant in US might be only the tools used to boost up share price during bonus issue last year. Now might be the time to announce its cancellation.

Using treasury shares as dividend payment to stock holders would make stock price to drop lower cos most holders especially funds would sell it to cash money once alloted. Negative impact on stock price.

Ibelieve, u have mistaken melaine1818181818 and I are different individuals, no such thing of using double account. May be the stock price falling makes u kelam kaput.

Since already broken most of its support levels all the way down to below $5, it's now back to long term down trend with $5 as immediate resistance and occasionally minor technical rebounds as deeply drop. See whether this time it will test and break its previous bottom $3.8x down to $3.

Many still don't realize the main reason why not only supermx but all glove stocks price dropping. It is mainly because most investors including funds and retailers and the whole market perceive gloves ASP dropping now and in the future also that would lead to company profit decline for normalization. That means the company fantastic profit is perceived not sustainable in future with further decline of company profit would be seen in next year. That means now everything is at the peak then later would come down to be lower for normalization might be seen clearer by end of this year or next year.

Stock market is forward looking into future, not based on current and the past. Just logically look into the possibility of ASP drop and the sustainability of company fantastic profit in future that are going to reflect in its current stock price movement.

Before QR out, many here were hopeful of the fantastic result coming and keep on asking when the QR out, and expecting stock price will be up for it. Now after the good QR released with dividend reward, many seems hopeless, desperate and panic sell. It seems QR is no more stimulus can't help to push up the stock price. Conversely price would drop upon the release of fantastic QR.

It seems those trapped at high floor $7 onwards have to keep for long long time don't know until when unless sell at loss. It would be the long term investment with paper loss in a huge profit making company. Thus company is still making profit but your investment is making loss.

All the ibs start to revise supermx target price downwards to $6 plus only, how can it go up to $7, $8, $9, $10 as someones here claim for?

Most likely supermx to be kicked out from klse index composite by end of this month.

Speakup has made the smart decision sold off around $6 even though made little profit rather than being trapped for paper loss.

As I mentioned in last year that nothing is forever at the peak. After the peak it would be followed by declining coming down for normalization that is going to happen in the gloves industry within one or two years time.

The drop of ASP and the decline of company profit later would be the signals of glove stocks price going down lower and lower in future. Prepare to accept it.

With the drop of ASP and the gradual drop of gloves demand later would eventually lead to the decline of company profit that the glove stock lovers must prepare to accept it in future that might be seen in next year 2022.