i am thinking,,, if operator come here and see still many of you so positive on superamx confirm press down again. they will only push when everyone look negative.

wow last min someone sapu 3000-4000 lot.

wow the buyer queue at 20.540 so much. trying to show power? haha

today 5:30pm Muyiddin have some good news to announce. stay tunes...

today Supermax MACD golden cross. daily and weekly chart also turn bullish sign. Good work everyone. continue to dump dump hold like what OTB said. wait until 15th July.

Toglove TP rm30 by MACQ..... give supermax can tp 15 ok? haha

everyday morning go up.. and afternoon go down. very sien haha

if you monitor closely, the chart for all gloves like big4 and small gloves counter like comfort, ruberex, carepls, advente all same. and MACD golden cross soon. i expect next week all will fly to sky like last time.

slow and steady is ok, dun over shoot like yesterday. the fastest shoot up the fastest come down. so better slowly move up.... MACD golden cross soon. hold tight for mid term.

wow not bad. 3.20 good perform today. slow and steady.

if good heart like kossan boss then very good. mean is capable and good boss. we should buy more haha.

i mean the seller queue block haha. btw, today buying interest and the way they ate the ticket very hungry. seem like something good is brewing..

MACD golden cross soon.

next wall is 3.350. if can clear by today..... hold tight. the train might heading above RM4.00.

today stand above 3.30 is steady already.

wow comfort is back. the king of kingdom in the making again.

today half day volume already 400mil. look good for the volume.

must be agm release some good news! haha. after lunch above 3.30?

anyone attend comfort AGM? pls share if any news from boss.

Tomorrow Comfort AGM... anyone going ? can ask boss about ASP and future prospect. hehe

Uncle buy back.

https://koonyewyin.com/2020/06/29/glove-stocks-are-good-buys/

mf run to where? haha.

sideway,, waiting for direction. if below 2.80 can exit first.

today gloves sectors perform.

continue to wait at 2.20 to 2.50.

i only worry the govt tax annonce today.. and next week waterfall.

this news keep on spreading around. seem like going to happen soon.

https://www.chinapress.com.my/?p=2090432

lol secret investor wanna steal your ticket. dun let him bluff you.

@didi yayaya sumatec is cheaper than carepls. please go buy sumatec. haha

From Uncle Koon msg:

I am very sure all the glove makers will report increased profit in the next quarter. All investors should wait about 2.5 months to see the result.

You must remember, the increased sale price is pure profit because all the glove makers do not need production cost to be able to increase the selling price.

As I said, the number of Covid 19 cases is still increasing and the demand for gloves will continue to exceed supply. The game is not over yet.

You should not sell your holdings now. You can make more money if you wait. Patience is the key to successful investment.

In fact, it is still not too late to buy more glove stocks. After I saw the number of Covid 19 cases is still rising, I believe my target prices for Comfort and Supermax are achievable.

https://koonyewyin.com/2020/06/25/glove-stocks-are-dropping-what-you-should-do/

broke student.. i agreed with your risk vs rewards theory above.
But depends on the risk appetite and percentage of gaining. for current price, i believe retailer or small player like us, only afford to buy for comfort. and the percentage of earning is higher if you compare with Harta(i mean volume).
But not wrong and right, still depending on the market player favorite.

288 in cantonese is 易发。 huat ah!!!

share market very interesting. when ppls loss they will become crazy. and come out with all kind of comment... i suggest you guys dun read too much, just need to focus on the shares that you confident with.

No matter how many negative ppls exists.. if the bull is start, it will start wont come back anymore.
So dun look back if you loss money before. please move forwards.

mf=mothserFuasxhker.

dun repeat the old news pls. wasting time here.

if tomorrow above 3.00 no need sell already... next week continue.

wow last min surge.... rebounding.

today all gloves come down. seem like all IB and operator are very hunger to hoop back the ticket from retailers.

y vaccine is just to let you calm down. and a weapon for USA to tell the world how strong of their medical team. but in fact... still need at least 6month to 1 year to trial and use in people body...
if too much of side effect.. do you dare to inject the vaccine into your body?

hahaha

i think some big player is pressing down.. so possible today closed below 2.70

CIMB's view on glove...

Sector in focus: Rubber Gloves

Recommendation: Overweight

Top picks: Top Glove (TOPG MK, Add, TP:RM 25.00) & Supermax (SUCB MK, Add, TP:RM 9.80)
Other calls: Kossan (KRI MK, Add, TP: RM11.50) & Hartalega (HART MK, Add, TP: RM14.60)

Key highlights:
Share prices of glove counters particularly, Top Glove and Supermax declined by double digits yesterday. In my view, this is unwarranted. I have also received a lot of enquiries on the reasons why glove counters were being sold down, and whether there has been: i) any fundamental changes, ii) weakening of Dow Jones and iii) massive profit taking on these stocks.

Comments:
1) Based on channel checks as recent as yesterday, there has been no fundamental changes to the glove sector
a. Vaccine rumors still persist, but there has not one there has gone beyond clinical trials. Everything else remains as speculation at this juncture, with any potential vaccine are only ready for mass production by mid-next year (trust me, I cover healthcare stocks too!).
b. Quantity and prices of ah-hoc orders continue to increase (more glove makers are allocating higher percentage of capacity for spot orders) and order visibility remains solid for glove makers (12-14 months).
c. ASPs hikes are still on the cards (ASPs increases are likely to be up to 1QCY20), with more orders being received in preparation for 2nd wave of Covid-19 in various countries.
d. Near-term earnings outlook remains beyond solid, with glove makers likely to post record-breaking profits in the next 2-3 quarters at the very least. In fact, recent noises suggest that some earnings forecast for certain companies are too conservative.

2) If we just zoom into yesterday’s share price data, Malaysia glove makers suffered big declines in share prices while share prices of China-based glove makers appreciated by 7-10% yesterday. Singapore glove makers retreated slightly today by 1.7-1.9%. Based on data from the past 7 days, Malaysia glove makers are the only ones having negative share price performances (-7.3% to -32%), while share prices of Singapore glove makers still appreciated slightly (+0.4% to +5.3%).

3) As a matter of fact, we understand that there has been an increase in enquirers for more glove orders (spot and recurring) given concerns of wave 2 of Covid-19. This is given concerns of occurrence of more Covid-19 cases with re-opening of schools and businesses on a global basis. We have begun to see a re-spike in cases in China, US, Russia, Brazil and etc. (While things are normalizing in Malaysia, cases of Covid-19 on a global scale are in fact increasing and not declining)

4) Based on our earnings forecasts, glove stocks valuations have retreated to a level which we believe are very attractive (TOPG is trading at 13.6x CY21 P/E while SUCB is trading at 19.7x CY21 P.E – Both companies are expected to post at least 200-300% yoy growth in FY21 net profit). I believe glove stocks are attractive as they are trading at teen P/E, and have 200-300% yoy earnings growth.

5) Take note that our earnings forecast have yet to account for any surge in gloves due to Wave 2. On average, our earnings forecast for glove companies are accounting for ASPs increase up to end-CY20, flat in 1HCY21 with a decline from 3QCY21 onwards.

6) Will glove ASPs and demand for glove fall off the cliff? Long and short answer is a definite NO.

During H1N1, average orderbook was 4-5 months at max, and Malaysian glove makers enjoyed a minimum of 5 quarters of strong glove demand. Hence, we should expect at least 8-9 quarters of strong glove demand based on current order visibility of more than 1 year plus.

While we expect ASPs to fall when supply-demand of gloves is more balanced (likely when order visibility is below 4-6 months), but i believe that ASPs of gloves will never go back to 18-22USD per 1000 pieces. This is like expecting face mask prices to go back to 18 sen per piece in 2HCY19 compared to RM0.80-1.50 per piece currently (China masks which has no quality standard being dumped at 50-60 cents per piece – this cannot happen in glove sector, as gloves are used in healthcare sector which requires FDA approval). (Bear in mind, face mask machines can be bought off the shelves, but building glove plants including installation of production lines need 18-24 months to reach a certain standard produce gloves with FDA-approved quality)

7) There is a fundamental change happening for the glove sector, leading to positive trends in the long term. I.e. Better healthcare awareness, more glove usage in more industries, higher usage of gloves per capita in more countries. Hence, glove ASPs will never go back to 18-22USD per 1000 pieces, with recurring usage driving higher consumption patterns.

lol mf.... why never copy the "virus fear"? hahaha.

https://www.channelnewsasia.com/news/asia/beijing-covid-19-cases-new-china-lockdowns-jun-16-12843306

https://www.channelnewsasia.com/news/asia/beijing-covid-19-cases-new-china-lockdowns-jun-16-12843306

https://www.channelnewsasia.com/news/asia/beijing-covid-19-cases-new-china-lockdowns-jun-16-12843306

wow china beijing cancel thousand over flight scheduled today. seem like quite serious at china beijing for the second waves of the virus.

yes after MCO... no more retailers join. the volume also lesser.

today no energy.

mf=moftheFccker. mf appear again to buy low. he cant buy yesterday very sad.

look like waiting something?? all gloves movement are same.

yes, still long way to go as what uncle koon said in his last two article.