People only want to listen what they want to listen.. no point warning... shark always eat ikan bilis.

Team rocket, don put salt on their wound.. dont worry next week try again.

all work from home, no wonder

^^ i like visiting this forum counter to see supermx supporter enthusiasm.. Jia you.. please push up to price more... from chart like cant sustain oh..

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https://www.theedgemarkets.com/article/glove-stocks-slip-jf-apex-research-downgrades-sector

KUALA LUMPUR (Aug 27): Glove counters plunged this morning as the Covid-19 pandemic appears to let up and the faster-than-expected pace of vaccine development continues to pummel the sector.

Following a months-long rally which has ballooned glove makers' share prices, JF Apex Research has downgraded its rating on the sector to "neutral" from "overweight" amidst what it called a "reversal of fortune" that has dealt a blow to rubber gloves' demand.

The rating change comes after AmBank Research also downgraded its call on the sector to "neutral" considering that the share prices of glove makers were fully valued.

The research house reduced its target price for Hartalega Holdings Bhd to RM16.02 from RM21.62 and downgraded its call for the glove maker to "hold" from "buy".

Hartalega fell 1.55% or 26 sen to settle at RM16.50 at the time of writing with around 864,800 shares swapping hands so far.

The target price for Top Glove Corp Bhd is, however, maintained at RM25.40 as JF Apex believes it has higher spare capacity to cater to the huge demand of gloves globally as compared with Hartalega.

Top Glove was down 2.28% or 60 sen this morning to RM25.74, with around 3.66 million shares traded.

"Both target prices for Hartalega and Top Glove are in line with their five-year mean PE of 40x (54x which is at its +1SD previously) and unchanged PE of 30x respectively," the research house said in a note today.

Of the big four glove counters, Supermax Corp Bhd took the steepest dive, plummeting 4.14% or 88 sen to RM20.40, which makes it Bursa's top loser today.

Kossan Rubber Industries Bhd also fell 1.18% or 18 sen to RM15.12, just two days after reporting a record quarterly net profit of RM131.06 million.

JF Apex said the development of a Covid-19 vaccine is moving faster than expected as two vaccines are being approved for early or limited usage, expected to be distributed globally in the first or second quarter of next year. This would be negative news for glove makers, which have been riding on soaring glove demand brought about by the global pandemic.

The research house also said the spread of Covid-19 is decelerating, noting that countries worst hit by the virus such as the US and Brazil have seen a significant drop in their five-day moving average number of new cases from July's peak.

"Besides, around 57% of people across parts of India's financial hub of Mumbai have coronavirus antibodies from a study found in July which is very close to [the] 'herd immunity' [level of] 67%-70% of the population according to an expert from University of Chicago, despite Indian Covid-19 new cases growing at the fastest rate in the world," JF Apex added.

The momentum of rising average selling prices, which have contributed to bumper profits for glove companies recently, may not be as strong as initially thought as more companies venture into the sector while the rally is also seen to be taking a breather, according to the research house.

"We believe the PPE's (personal protective equipment) price rally has reached its end phase on the back of alleviating Covid-19 cases, faster-than-expected vaccine development, and supply catching up with demand amid prevailing strong awareness of personal or hygienic protection," JF Apex said.

Notably, the US has experienced a decline in hospitalised patients in tandem with its virus cases, which would spell a blow to demand and pricing for gloves as the country was the world's largest glove importer last year, willing to pay a premium for PPE due to the severity of its Covid-19 outbreak.

The research house added that less human interaction and social activities, which would slow the spread of the virus, have further reduced glove usage, citing Google mobility reports indicating that mobility trends across the US, Brazil and India have fallen drastically since the onset of the pandemic.

lol my post keep being removed, guess people are scare to listen to the reality... wth... also, i dont think im hurling any abusive words , etc that is against forum policy to deserve this?

All those shark need to offload, that's why very volatile. Sell, then ikan bilis buy in after seeing good quarter.

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The idea is not saying the demand will go back pre-covid time. The idea is the demand will taper down albeit still higher than pre-covid time but not as high during mco time... In that case, the price of the gloves should reflect that as well and does not deserve very2 high valuation.

Now, basically all upside are price in in gloves counter. The movement now is like tulip mania, hoping someone will buy your share at a higher price. Shark will tend to offload during high spike and savy investor will trade this volatile period.

Gap up tomorrow? Those that buy today crash... Sell lor.. easy cash...

https://www.youtube.com/watch?v=LLQBdSI9Ul4 .... 30:59min.... woah minetec masuk news oh..

weird epf buying lolz...

https://www.bernama.com/en/news.php?id=1873895

at support now..

so many other company doing UPS, GPA last i know is doing motocycle, car battery.... lolz

why the sudden spike?

results within expectation. Nothing bombastic

huge selling pressure bro... dont fight the force.

still exercise warrant at 0.2 meh... common.. director so opportunist..

HLT, so over with that wannabee...

The time is quite right to re-enter for supermx i guess.

The more KYY ask to hold and dont sell. the more u have to run

3.3 - 3.5 range can consider re-enter la. my 50cent

Still alive ? hahahah say liao... take profit

ok la i dont want potong ur steam here. 4.3 was a good exit. Will consider again re-enter when price is nice again.

when government announce vaccine contract.. People will sell on news.

If pharma can out RM2 mil to pack vaccine, was wondering why other players cannot do the same? so low capex tasks.

everybody know there's no fundamental
involved here. Only vaccine speculating.

Ok la, good luck all. RM4.3 im out first... play safe ya...

Betting in Pharma or Dpharma is a good rotation play. Supermx, please drop more first.

Could it reach 4.3????? greedy mode ...

i will collect if big share price correction.

last quarter is monsoon season, not expecting any significant improvement.

ayo volatileismygold, dont be butt hurt ba... i donno how many tons of stack you have inside supermx to bark here.

see the live chart also know huge selling and can see shark off loading batches by batches.

Aya dont bother than HWGB , trend rider only...

Donno where is that guy that bought 1.38 here... must be regretting shit.

super strong !!

Why no ventilator news anymore? anybody buying kah your FDA approved ventilator?

lets see whether it can break its peak first or not. ..

Today only first wave of selling .. tomorrow might be another wave..

How hard to make packaging like SCGM i wonder? just buy the PP pellets and extrude those plastic packaging with those machines.

Regardless if each uses different raw materials. Both are involved in the packaging segment. At this time, SCGM products are more diverse compare to Master.

SCGM 194mil shares
Master 54 mil shares.

Hopefully Master can expand their products to grow.

so fast lock profit ah? engine for 3rd wave just started. ...

Strong