Many of u don't know yourself are short term investors or long term investors just focus too much on the company fundamentals hoping the stock price just go up because the company having super profit and also every day bother so much on the price up or down.

If u are short term investors to make money from speculation u need to use chart analysis focus the price movement and follow the market trend don't go against the trend. No need to focus much on company fundamentals which are not so important to short term investors.

If u are long term investors have to focus on company fundamentals which help u to ensure its survival, and it's future growth for better return of dividend and stock increase value. However long term investors no need to bother and focus its short-term price movement whether it's up or down doesn't matter because u look into long-term.

Klse requires RSS and IDSS to create liquidity in stock market otherwise it would be like dead water no waves no bull and no bear. Furthermore RSS and IDSS can help to avoid overheat and bubble in stock market. Thus, klse needs it and just recently resume it why want to suspend now.

Followed by margin call later to accelerate its dropping because the recent rebound due to speculation.

The recent rebound is led by speculation with anticipation of MCO will bring to another bull in glove counters but finally failed thus cause profit taking and down again with acceleration by short selling.

Short sellers are trained, smart and expertise with skills unlikely and seldom to make loss they always make great money.

After short selling, the short sellers would buy back the shares slowly quietly without pushing up the price, even they can monitor to buy back at the same time of short selling not necessarily to wait until finish short selling. u might not realize when and how they buy back. Thus after short selling the stock price might not be up and it might be stagnant at certain level.

RSS won't be suspended it's fake news created by some desperate glove stocks holders, some more IDSS goimg to start after next month.

Very funny to blame the down of glove counters is due to JP Morgan report of vaccination no need gloves. Why focus on this issue? The down of glove counters no because of this issue. Why not u accept the reality of glove counters super bull already over it's unwanted by investors selling off to cause its down trend. The recent rebound led by some speculation, the speculators are now selling off for profit taking to leave these counters because they unable to attract more people into glove counters at these prices.

Those bought above $7 all be trapped. Would have more and more retailers be trapped in glove counters now.

Glove counters super bull up chased by investors during MCO 1.0 but turned to bear down trend unwanted and abandoned by investors during MCO 2.0 it's so different between the two MCO even though all the glove companies still having super profit increase. Why?

It means the super profit is no more stimulus for investors to buy glove stocks. Even the quarter result out later it can't go up much on the other hand it may down further as previously happened.

Don't blame JP Morgan and other ibs for the down trend of glove stocks. The down of glove counters is mainly due to most investors believe its super cycle already over won't be back again thus they sell off for profit taking that cause its down trend. Only minority of u still in dreaming for its bull to come back.

The short sellers are smart expertise with skills unlikely to be trapped and unlikely to make loss they always make great money from short selling, only u all retailers with innocent thinking would be trapped and lose money.

I can see supermx lovers here to be crazy, desperate, disappointed, annoyed and blaming ibs especially JP Morgan analysts for the price drop and down trend, never do chart analysis for investment, lack of investing skills, just blindly focus on the good fundamentals of glove companies.

Don't dream for $12 it even can't steadly stand at $7. Supermx lost its super power already can't fly high. Accept the reality.

Talk so much about the quarter result, the increase consumption of glove, the worse situation of covid cases, vaccination need gloves and MCO also can't help to push up the glove counters, useless and hopeless.

Yes glove companies are safe at this moment but your glove stock portfolio not safe to be trapped as price drop and drop again.

All still dreaming not wake up. Glove stocks super cycle already over hopeless, people now don't focus on glove counters. No hot money no big players thus no more bull.

The price movement of glove stocks is no concern with vaccines. Glove stocks price down not all because of vaccines, don't blame vaccines, it comes to rescue us and the world.

We hope vaccines eventually effective to control the pandemic with MCO 2.0 together although the MCO might take longer time. We all should wish for its positive effects for the good of world no matter what stocks u invest.

Let time to present whether have infection from covid or not after receiving vaccine. Hope vaccines to be effective otherwise we all can't live well in this world even make money from stock portfolio.

Don't forget it's no vaccines yet during MCO 1.0 but now vaccines coming start from next month with MCO 2.0.

MCO 2.0 now is no stimulus for glove stocks, people now won't chase to buy glove stocks just because of MCO. Thus, how long the period for MCO and whether it will be extended or not after two weeks won't have any effect on glove stocks price movement. This is the difference between MCO 1.0 and MCO 2.0.

Citing the Centers for Disease Control and Prevention of the US, the National Health Service of the UK and the British Columbia Centre for Disease Control of Canada, the American bank said medical officers are not required to wear gloves while carrying out vaccination.

“Gloves are needed only if the healthcare workers are likely to come into contact with body fluids or if there is an open wound. Guidelines also state that even after wearing gloves, constant sanitisation between each patient would be the best way to minimise the risk of disease transmission,” it wrote.

Investors would appreciate if the quarterly or yearly results are sustainable forever or at least long term over a number of years but no evidence for that because all the glove companies only say can have super profit increase for one or two years only most until 2022, what's about the years after 2022? Stock market is forward looking to reflect future earnings and not current earnings. Thus, how good super profit now in one or two years can't convince people to buy it as long-term investment for number of years because people worry about its super profit sustainablility for future.

Local ibs like Aminvest all cut down the target price of glove stocks make easier for short selling to assist short sellers, not hamtam short sellers.

Ibs all cut down the target price of glove stocks. The current market price now already higher or near to the target price like current market price of top glove is about $6.60 now higher than its target price $6.50 set by Aminvest, the current market price of hartalega is about $13 now higher than its target price $12.25 set by Aminvest, and the current market price of Kossan is about $4.50 near to its target price $4.80 set by Aminvest.

Since the current market price of glove stocks are now higher than or near to its target price set by ibs, a very limited space for glove stocks price to go up. Thus, at current level it won't go up much on the other hand it has high possibility to drop. So, don't dream $12 for supermx, this is very far away not achievable.

Wednesday, 13 Jan 202110:44 AM MYT

KUALA LUMPUR: AmInvestment Research is maintaining its Neutral view on the glove sector as valuations for Top Glove, Kossan and Hartalega under its coverage are already fully reflected in the companies’ earnings outlook.

In its research note issued on Wednesday, it reckoned the average selling prices (ASP) will begin to ease after 1H2021 following the strong increase over the past nine months, and are already priced in.

Moreover, we are cutting our target price-to-earnings ratio (PER) by 10% across the board to take into account the risk of a down cycle in the sector as a result of successful rollouts of Covid-19 vaccines.

Although AmIvest Research holds the view that demand for gloves will remain stable post-Covid-19, it expects ASP to decline as there is no longer a rush for gloves compared to what happened at the beginning of the pandemic.

“Nonetheless, we expect ASP will stabilise at a higher level than the pre-pandemic level due to the broader usage of gloves. Moreover, capacity expansion from glove companies will be able to cope with the future demand.

“Rubber prices have been increasing over the past 12 months as protective glove demand surges due to Covid-19. At the same time, the price of butadiene, which is the key ingredient to produce nitrile, has also been on the rising trend over the past six months.

It kept its Hold call on Top Glove with a fair value (FV) of RM6.50 per share. It forecasts Top Glove’s net profit at RM2.9bil, RM2.7bil and RM1.5bil for FY21 to FY23 respectively.

Its ASP assumptions for FY21 to 23 are US$82/1,000 pcs, US$30/1,000 pcs and US$25/1,000 pcs respectively. The FV of RM6.50 is based on CY22 EPS over a PER of 23 times.

The research house also maintained its Hold call on Hartalega with a FV of RM12.25 per share.

“We expect Hartalega to register net earnings of RM2,1bil, RM1.3bil and RM1.1bil for FY21 to FY23 respectively, ” it said.

Its ASP assumptions for FY21 to FY23 are US$40/1,000 pcs, US$33/1,000 pcs and US$32/1,000 pcs. Its FV of RM12.25 per share is based on its five-year average PER of 35 times over CY22EPS.

AmInvest Research also maintained its Hold call on Kossan with a FV of RM4.80 per share.

It forecasts net earnings of RM903.8mil, RM1.4bil and RM511.3mil for FY20 to FY22 respectively based on ASP assumptions of US$31/1,000pcs, US$40/1,000 pcs and US$29/1,000 pcs.

Its FV of RM4.80 per share is based on its five-year average PER of 24 times over FY22 EPS.

No need to talk about when quarter result out, as I said quarter result can't stimulate people to buy and it won't go up much because it's within people expectation no surprise already over looked by most investors. Bull won't be back when quarter result out. Forget it.

$8 also can't reach even now dropping may be unable to stand above $7 later drop back to $6 plus. Don't dream for $12, it's very far from u, ridiculous furthermore there are large selling pressure with a lot of trapped retailers waiting to sell at its upper part.

At the time of price dropping as funds throw, it would be accelerated by short selling again cause deep drop. Be aware.

pang72, $12 target price u are dreaming. Not u see CB Morgan hand shaking, u yourself would be hand shaking when u see supermx deeply drop like hell as all funds throw it out later may be end of this year or next year.

Supermx would be stagnant swinging at current level or even further down along 2021 without bull until pandemic over later drops deeply. Let time to present and wait to see it. Cheers all the minority of u crazy and stubborn glove stocks lovers.

pang72, better profit taking now, otherwise paper profit would be zero or worse turn to loss when price drops deeply low in future. Its 100% gain won't be hopeless because no more bull. Good luck.

Cheers all the crazy glove stock lovers for supermx dropping and bull not come back.

Supermx now is just stagnant and swinging around $7 can't fly high only suitable for short-term speculation to make pocket money, it can't help u to make great money. Hopeless.

U all are the minority left to dream, to be crazy and get drunk with your loving glove stocks and every day look hopeless to pray for the other round of bull coming but in fact it won't come.

How u all think and talk about the good of glove companies are only the minority of u, most people as majority have thinking and concensus of glove stocks bull already over due to its company's super profit not sustainable in future and economy recovery would take place in future with the pandemic under control by vaccines that formed the market trend now people don't focus on glove counters but attend to other counters. This is the reality no matter how u argue and defend your glove stock portfolio.

True, u are very innocent and no knowledge about stock market. Stock market is forward looking to reflect future in which recovery would take place, not focused to reflect current time.

Shorties are ibs and big players smart and expertise with skills in short selling they always make great money unlike to make loss. If u think they make loss, u are innocent and like small boy thinking.

All recovery counters rebound up but all glove counters stagnant or dropping now show that no hot money and no funds flow from recovery counters to glove counters even though MCO 2.0. Hopeless for no more bull in glove counters.

Company making super profit but its stock holders be trapped at high price losing money which can't be covered back by the dividend received. This means company making super profit does not benefit u no concern to u, what for u focus on its super profit, hopeless.

pang72, u can get high dividend from glove stocks now because of its company's super profit, but when it is no more super profit and go back to normal profit in future u would have less dividend or may be no dividend. Look forward into longer future and not only focus on current time if u intend to keep it for long-term. Furthermore the price drop later would cause your glove stock portfolio losing money which can't be covered back by the dividend received. When it's no more super profit later its price would definitely drop to lower level.

People now don't focus on glove stocks, no hot money and less players in it with low trading volume even though MCO 2.0. It means MCO 2.0 no stimulus for glove counters different from MCO 1.0. This show that glove stocks fever and super cycle already over, it can't go up much like in MCO 1.0. Thus, supermx no more super power can't fly now those trapped at high price prepare to keep long term until next pandemic come. With the news of MCO also can't stimulate it, hopeless.

Later when its quarter result announce also no stimulus because it's within people expectation no surprise and would be over looked by people. Most people now don't focus on how good its super profit in coming quarters but would be more concern and in doubt of the sustainablility of its super profit in future. Thus, most people now don't want to involve in glove counters worrying about its possible price drop in future as a trap.
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According to homily chart analysis, with a lot of retailers trapped at high price cause large selling pressure and less big players in it, supermx would be volatile within a small price range difficult to go up much difficult to make big money. Thus, it's only suitable for short-term speculation to make pocket money identity its price range to buy at the bottom of its price range and then sell on the top of its price range.

Be aware supermx to go down soon as indicated by homily chart analysis.

Quarter result good within expectation no surprise won't stimulate supermx price. Most people buy for short-term speculation now won't see the quarter result. Supermx price would be volatile frequently up and down due to short term speculation won't go up high be stagnant swinging around current price.

Short-sellers swarm over hot stock Top Glove
Bloomberg -January 11, 2021

Malaysia’s medical glove makers, one of the hottest pandemic trades, have seen bearish bets surge since a ban on short-selling was lifted at the start of this year.

Stocks worth RM1.8 billion (US$447 million) have been sold short, of which more than 90% were glove makers such as Top Glove Corporation, according to data from Malaysia’s stock exchange compiled by Bloomberg.

The resumption of short-selling is spurring volatility and amplifying woes of glove makers already pressured by vaccine roll-outs after last year’s nosebleed rally. Top Glove, the biggest in the sector, has lost about a third of its value since a peak in October.

“The negative news flow and short-selling will add the so far missing counterview in the glove stocks performance,” said Geoffrey Ng, director at Fortress Capital Asset Management Sdn Bhd. “It won’t be a one way ticket up.”

BlurBlur, u are really blur I am now making money from my portfolio with some already sold off for profit taking not like u be trapped in supermx.

Glove stocks including supermx now can only be short term trading to make pocket money, no hope for super bull and high fly, forget it.

All the trapped ones hope supermx to fly but it has lost super power already can't fly high only be stagnant swinging around $7. Those trapped at high price $8 to $10 are desperate every day shout it to fly and up.

Glove stocks fever and its super cycle already over, no more bull, people don't chase high price to buy, how can supermx fly?