As Warren Buffett said..“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” Mabel is actually happy with the Fantastic Four. No complaints. As one smart gentleman pointed out... Its always nice to have TopGlove and/or the Fantastic Four as another eggs in the basket, another arrow in the quiver, another string to the bow.. Another sources of Dividend..
THAT SUMS UP EVERYTHING. GLOVE LOVERS MAY STILL HAVE THE LAST LAUGH.
EVEN FOREIGNERS ARE NET BUYERS OF GLOVE

Posted by glovefinish > Mar 1, 2021 10:25 PM | Report Abuse
Since topglove price now is about 50 cents higher than supermx price, if topglove can drop to its bottom let say $3.50 as JP Morgan estimated then supermx price might drop to its bottom around $3 that may be $2.50 to $3 which is little higher than pre-pandemic level. This might be the immediate bottom level at this moment but when time pass on to show its super profit decline and gloves demand drop that might cause its bottom price even lower.
SUPERMAX NO BUYBACK. THAI ALSO NO BUYBACK.
VERY UNUSUAL TO BE SO QUIET WHEN THEY BUYBACK IN JANUARY. REMEMBER THE TREASURY SHARES WERE CANCELLED.
I BELIEVE HE GOT A PLAN. WILL BUY BELOW $4.
BELIEVE THAI MIGHT JUST PRIVATISE SUPERMAX AND RELIST IN HK OR US
OR GOT A BIG INTERNATIONAL MEDICAL SUPPLIES CO TO TAKE A SIGNIFACT STAKE. MKT CAP IS MUCH SMALLER TO TOPGLOVE

COUNTED

CASH 353 MILLION. OTHER ASSETS NOT COUNTER. ALREADY RECOVERY IN LAST Q RESULTS. NEW CEO WITH EXPERIENCE IN PROPERTY DEVELOPMENT. WOTH A GAMBLE.
BETTER CHANCE THAN AIRLINE/AIRPORT/TOURISM

Market Cap: 262 Million
NOSH: 739 Million
Avg Volume (4 weeks): 1,043,283
4 Weeks Range: 0.33 - 0.365
4 Weeks Price Volatility (%):
71.43%
52 Weeks Range: 0.225 - 0.42
52 Weeks Price Volatility (%):
66.67%
Average Price Target: 0.30
Price Target Upside/Downside: -0.055
Stamp duty exempted for year 2021

ALL THE GLOVE INVESTORS. ASK YOURSELF 1 SIMPLE QUESTION. WHY ARE THE NAYSAYERS IN THIS FORUM SINCE THEY DON'T OWN ANY GLOVE SHARES.
ALL ARE JUST TRYING TO SPREAD NEGATIVE SENTIMENTS AND WAIT FOR A GOOD ENTRY PRICE.

ALL THE GLOVE INVESTORS. ASK YOURSELF 1 SIMPLE QUESTION. WHY ARE THE NAYSAYERS IN THIS FORUM SINCE THEY DON'T OWN ANY GLOVE SHARES.
ALL ARE JUST TRYING TO SPREAD NEGATIVE SENTIMENTS AND WAIT FOR A GOOD ENTRY PRICE.

worth

$6 to $8 got buyback. $5 to $6 no buyback. Now below $5. Woth to buy and keep. I am sure they will do buyback soon

22-Jan-2021 22-Jan-2021 Buyback 8,151,600 6.240 6.700 View Detail
22-Jan-2021 22-Jan-2021 Buyback 8,151,600 6.240 6.700 View Detail
05-Jan-2021 05-Jan-2021 Cancel 57,058,873 0.000 0.000 View Detail
29-Sep-2020 29-Sep-2020 Buyback 5,036,000 8.300 8.750 View Detail
28-Sep-2020 29-Sep-2020 Buyback 8,624,000 8.300 8.750 View Detail
28-Sep-2020 28-Sep-2020 Buyback 3,588,000 8.590 8.750 View Detail
10-Sep-2020 10-Sep-2020 Buyback 5,488,000 6.060 6.600 View Detail
10-Sep-2020 10-Sep-2020 Buyback 5,488,000 6.060 6.600

THIS GLOVE COUNTER IS SUPER STRONG. ANY UPTURN IT MOVES VERY FAST UP

FINALLY, THE SKY HIGH TECH CO ARE DROPING. PEOPLE WILL GO FOR DIV PLAY AGAIN. TENANGA DECLARED $0.58 DIV ( ABOUT 5.5% YIELD ).
HENGUAN LATEST Q EARNING IS $0.57 PER SHARE.
GENTING LOST MORE THAN 1B LAST YR. AIRBORT LOST $680 M LAST Q ALONE.
RECOVERY IS GOING TO BE SLOW AND PAINFUL. AIR TICKET IS SUPER EXPENSIVE. M'SIA IS NOT A SUPER TOURIST DESTINATION. U THINK CHINA TOURIST START RUSHING TO GENTING?

SUPERMX DROP THE MOST BECAUSE THE OWNER AWAY AND DID NOT DO BUYBACK.
KOSSAN AND TOP GLOVE GOT BUYING FROM DIRECTORS AND EPF.
SINCE SUPERMAX DID BUYBACK IN JAN 2021 AT HIGHER PRICE, SURELY
THEY WILL DO BUY BACK SOON WHEN STANLEY IS BACK. JUST HOLD TIGHT

Posted by whocare1982 > Feb 27, 2021 1:19 AM | Report Abuse
Ryan83 . that's for illustration purpose only. Final price is not fixed.
SPOT ON. TAN SRI AND FAMILY START BUYING AT ABOUT $7
TROPICANA BUY AT AV OF ABOUT $6.5 USING BORROWED FUNDS
EPF AVERAGE COST IS EASILY ABOVE $7
TAN SRI WILL NOT LIST/PLACEMENT BELOW $6.50 IE THE PRICE TROPICANA PAID

NEW CEO. FORMER CEO OF TROPICANA AND GUCOLAND. LOOKS LIKE FINALLY GOING TO GENERATE PROFIT VIA DEVELOPING OR SELLING LAND BANK

We all expect that they lose money. NTA is above $1. Lose money, share price go up. Make money share price go down. Thats Malaysian stock mkt. Look at Telecom and Axiata

Posted by see2sea > Feb 25, 2021 9:02 PM | Report Abuse
GloveWin, TP 20 soon..kekeke
MAKE IT $22

Meanwhile, Supermax Corp Bhd tumbled to an eight-month low of RM5.04, about 51% below its average target price of RM10.26. Supermax, which is the third KLCI component stock after Top Glove and Hartalega, is trading at a P/E of 3.41 times based on estimated earnings for FY21 and 5.75 times for FY22 earnings.

Despite its share buyback exercise, Top Glove Corp Bhd slid to an almost eight-month low of RM5.23 since its adjusted closing price of RM5.19 on June 30, 2020.

Its closing price of RM5.23 marks a 40% discount to its average target price of RM8.64, with analysts forecasts ranging from RM3.50 to RM16.34. Year to date, it has fallen 14.5%.

The world’s largest rubber glove manufacturer is currently trading at a price-earnings ratio (P/E) of 4.16 times based on earnings estimate for the financial year ending Aug 31, 2021. However, it is at P/E of 10.61 times based on the estimate in the following year.


Likewise, Hartalega Holdings Bhd, the world’s biggest nitrile glove producer, dropped to a near nine-month low of RM10.40, marking a 14.3% decline year to date.

The stock is approximately 39% below its average target price of RM17.16. In terms of P/E valuation, Hartalega is trading at 11.49 times for its financial year ending Dec 31, 2021 (FY21) and 9.04 times for FY22.

Meanwhile, Supermax Corp Bhd tumbled to an eight-month low of RM5.04, about 51% below its average target price of RM10.26. Supermax, which is the third KLCI component stock after Top Glove and Hartalega, is trading at a P/E of 3.41 times based on estimated earnings for FY21 and 5.75 times for FY22 earnings.

Kossan Rubber Industries Bhd also lost ground, dropping to a nine-month low of RM3.81. The stock is 39% below the average target price of RM6.20, trading at P/E of 3.79 times for FY21 earnings and 8.16 times for FY22 earnings.

25-Feb-2021 Blog Supermax Quick Data Checks
This Blog says No 1 seller is proprietary. Thought PDT selling is suspended till 30 Aug 2021

(Bloomberg) -- A rout in Malaysian glove makers is deepening, sending valuations for some companies to rock-bottom levels.

Top Glove Corp., the world’s biggest, slid 7.8% in a fifth day of declines Wednesday, taking its February loss to 22%, set to be the worst for any month on record. The stock is trading at about 6 times 12-month forward earnings, from a record high of 43 times in May. Supermax Corp., which surged 784% last year, is down 26% this month and trades at 4.6 times.

More than $6 billion in market value has evaporated in February alone for Malaysia’s top four glove makers as global vaccine rollouts accelerate and short sellers swarm these pandemic winners. Malaysia is starting its own Covid-19 vaccination campaign Wednesday, further dampening sentiment.

“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

The slump is a far cry from months ago when glove stocks became one of Asia’s hottest trades at the height of the global pandemic and helped spur a comeback by amateur investors. That helped catapult volumes in Malaysia’s stock market to record highs last year.

Hartalega Holdings Bhd. is trading below 10 times estimated earnings, down from 60 in June, while Kossan Rubber Industries Bhd.’s multiple has dipped to 4.1 times, according to data compiled by Bloomberg.

Read more: These Covid Billionaire Fortunes Are Fading With Vaccine Rollout

Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”

Stocks like Top Glove “offer some of the highest sustainable dividend yields in the world,” he said. “The glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era.”

Posted by gemfinder > Feb 25, 2021 7:53 AM | Report Abuse
Stil wan to stopgame? Kakakaka
I am not pro or anti glove. I am pro $. See whether the price goes up or down from today until Monday mkt close. I am betting up - thats all. Nothing personal

Will buy big today. A lot of Supermax call warrants expire on 29th Feb

Supermax is at 4.8X Yr2021 earnings

(Bloomberg) -- A rout in Malaysian glove makers is deepening, sending valuations for some companies to rock-bottom levels.

Top Glove Corp., the world’s biggest, slid 7.8% in a fifth day of declines Wednesday, taking its February loss to 22%, set to be the worst for any month on record. The stock is trading at about 6 times 12-month forward earnings, from a record high of 43 times in May. Supermax Corp., which surged 784% last year, is down 26% this month and trades at 4.6 times.

More than $6 billion in market value has evaporated in February alone for Malaysia’s top four glove makers as global vaccine rollouts accelerate and short sellers swarm these pandemic winners. Malaysia is starting its own Covid-19 vaccination campaign Wednesday, further dampening sentiment.

“There is a narrative around ‘re-opening’ which has definitely impacted sentiment,” said Ross Cameron, a Tokyo-based fund manager of Northcape Capital Ltd., who has been investing in glove makers for more than a decade. “But the fundamentals for the glove sector remain strong and valuations are as cheap as we have seen for a decade.”

The slump is a far cry from months ago when glove stocks became one of Asia’s hottest trades at the height of the global pandemic and helped spur a comeback by amateur investors. That helped catapult volumes in Malaysia’s stock market to record highs last year.

Hartalega Holdings Bhd. is trading below 10 times estimated earnings, down from 60 in June, while Kossan Rubber Industries Bhd.’s multiple has dipped to 4.1 times, according to data compiled by Bloomberg.

Read more: These Covid Billionaire Fortunes Are Fading With Vaccine Rollout

Despite the slump in these glove stocks, Cameron says their prospects remain strong and “valuations simply do not reflect this reality.”

Stocks like Top Glove “offer some of the highest sustainable dividend yields in the world,” he said. “The glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era.”

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PH Holding move already. MUI shd move soon

People lose money and they make fun and laugh. Karma will strike

They only attack the big 3. Rubberrex, comfort, Kossan all doing okay

You think the Tan Sri Lim & Family don't know the value of the company. Also why is EPF buying again. I guess for those who is currently holding, you just have to average down according to your portfolio and financial means

ESOS LOST MONEY?

Listing Date 24-Feb-2021
New type/class? No
Type ESOS
Details Employees' Stock Option Scheme
No. of shares issued 344,000
Issue Price Malaysian Ringgit (MYR) 6.550
Par Value - 0.000
Total NOSH 8,203,148,634

PENNY STOCK AGAIN. INTRADAY SHORT SELLING SUSPENDED TILL 29 AUG

iNTRADAY SHORT SELLING SUSPENDED TILL 29 AUG. PENNY STOCK TIME AGAIN

Based on earnings per share and historical pricing for the past 6 months, Supermax is always higher than TopGlove. Now Supermax is cheaper CF TopGlove by 20 cents. Can Top Up Further?

Sell sell sell. I continue buying slowly. Today bought average price at 5.83. Next week will buy below 5.75 and then 5.65 and 5.55 if price go that level. Rakuzen give 5X colateral value and full margin value

[18:29, 19/02/2021] LH: On this note, MIDF Research maintained its “buy” recommendations on all the Big Four glove makers – Hartalega Holdings Bhd (target price: RM18.25), Top Glove Corp Bhd (TP: RM8.29), Kossan Rubber Industries Bhd (TP: RM7.33) and Supermax Corp Bhd (TP: RM13.83). – Feb 19, 2021
[18:31, 19/02/2021] LH: 19-Feb-2021 Insider TOP GLOVE CORP BHD buyback 5,000,000 shares from 5.980 to 6.000 on 19-Feb-2021.
19-Feb-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 6,503,300 shares on 16-Feb-2021.

Mr DIY went up again today. Miserable profit compare to Kossan before this supernormal profit. Glove owners don't pay fund managers or give placement to fund managers to promote stock because they are happy with the dividend. No intention to goreng

202.5 million after tax profit for 2015

224 m profit in 2019 (before pandemic) Yr 2015 was also above 200m
Don't worry post convid. Just keep this share as core holding

YEAR ENDED31 DEC 1931 DEC 1831 DEC 1731 DEC 1631 DEC 15
FINANCIAL RESULTS (RM’000)Revenue2,217,170 2,140,571 1,957,627 1,667,996

1,639,509
Proit before taxation276,372 249,264 228,313 210,008 268,567
Proit attributable to equity holders of the Company
224,653 199,773 182,061 167,063 202,530

Kossan made about 240m per year before the pandemic.So why worry about 2023

Should be soon. Penny stock turn soon. Volume is building up already

As of 16 Feb
7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 213,772,867 2.61
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 51,414,563 2.02
5168 HARTA HARTALEGA HOLDINGSBERHAD 43,093,323 1.26
7106 SUPERMX SUPERMAX CORPORATIONBERHAD 26,237,389 0.97
About 0.5% of TG had being covered this few days.
THE SHORT COVERING DOES NOT COME VIA BUYING THROUGH RSS account.
MY OPINION IS THAT THE 11 CENTS DIVIDEND IS SIGNIFICANT. THE SHORT SELLER WILL WANT TO COVER SOME KOSSAN SAHRES BEFORE THE X DATE

As of 16 Feb
7113 TOPGLOV TOP GLOVE CORPORATIONBERHAD 213,772,867 2.61
7153 KOSSAN KOSSAN RUBBER INDUSTRIESBHD 51,414,563 2.02
5168 HARTA HARTALEGA HOLDINGSBERHAD 43,093,323 1.26
7106 SUPERMX SUPERMAX CORPORATIONBERHAD 26,237,389 0.97
About 0.5% of TG had being covered this few days.
THE SHORT COVERING DOES NOT COME VIA BUYING THROUGH RSS account.

Comparison between Kossan and Mr DIY
Remember even before pandemic, Kossan net profit per year was about 240m. For current year 2020 is 1.09B. Mkt cap is 10B.
Mr DIY Mkt Cap is 21.4B. Full year 2020 profit is
improvement retailer reported a 19% jump in net profit to RM108mil from RM90.9mil a year ago.In line with the group’s policy of paying quarterly dividends, MR DIY has declared an interim dividend of 0.73 sen a share, or RM43.9mil.
Kossan is 11 cents div

Haha. Drop bought $4. Bought some more at $4.01 after selling Supermax at $6.11

Watching a few blue chips but nothing concrete. Had load up on cheap oil and Gas counters esp Hibiscus last month. Don't contra on gloves. Just buy for keeping at lease 2 to 3 yrs. If short term, don't buy gloves

If you need to leverage on your stock holdings, Rakuten gives 5X collateral value for Kossan