@karimboss2 exactly, 400,00 shares, you bought it with confidence, then why the hessitation, just hold if you have made judgement, cut loss when it reached your acceptable level, collect profit when it reach your ideal price. Thats all.

frank74 You buy 400 lots and you’re asking us what price to sell?

When you say 400 lots, do you mean 400,000 shares? That’s quite serious business.

tecnical rebound by QR. not much of a show, if this result could persist for few quarters only come back.

Myself working in Manufacturing industry, I know how much is being consumed, its an high operating cost for manufacturing sectors, so yourself agak agak la.

And yes, IS HARD to enter into the glove industry, trust me, I know companies from manufacturing had been trying to diversify their production into gloves, and other productions. All these companies had failed, why? People look down at their production line lo, how can they help? wan help them do factory audit, production audit and what they can give to glove company? I could only say, land and machines. and Machines are still a question mark benefit.

Yes, you made point, but mask and glove are different case.

1. Gloves maker has secured their orders till next year, which all payments are made upfront, all they need to do is just deliver the goods.

2. Competitor are less, honest speaking China will not be trading in the western side for awhile in view of their global position now which has clearly held hard by US, enabling those other countries manufacturer benefiting from competition.

3. The main consumer of glove was never the public but the medical sectors and manufacturing sectors. With SOP in place, you will need a high demand of supply for glove. Imagine how many are they disposing in a day while task by task they will need to change it upon approach to others.

kseng_99 Ask your self a few question weather glove game is still on,

1.glove share price rise basically due to the pandemic, during pandemic time face mask price 1 box rose from Rm 13- to rm 100++,
and right now how much is one box of face mask?

2.Most the place require visitor to wear face mask but how many place require visitor to wear gloves? if face mask cannot stand the selling price due to it current demand is not so high ,so is glove able to hold its price?

People are afraid of the price going down further. TBH, It will. But consider my point below:

Why is this Company's share price being pushed down?

1) IBs and Sharks pushing the price down for SW and profit collection. (their cost are way lower than us, so they could play the game)

2) Retailers overbought the shares at relatively high price and most of them don't have holding power. (esp MCO has drag in many newbies with Contra and Margin players, continuous buy and sell using different broker, M+,Rakuten, banks which provides intra day selling)

3) Market Correction. Current charts, figures all are delayed reflection of the Company's performance, people used old figures and assumption to do computation.

4) Looking too much on forums and sifus. LOL

Myself has collected few batch of Supermax since it was at Rm5, now average price is at 6.8++, yes I chased high. But I still believe in this Company at least for this year and next year. Why so?

1) Company fundamentals are strong due to continuous product demand. (Profit turnover are clear to boost up starting from the last QR until next year)

2) Market Competition are limited in local and overseas (You could even count them, most are in domination state or diversified into various production line. Substitution of product is unlikely)

3) Mainly affected by Global financial status, all the panics are from US, HK, SG and local stocks drop, the down trend is a whole market but not selective to specific company.

4) To average down the holding cost, yes, to collect more so that could average down your cost, I know its hard to decide, but you have to have your own cut loss point. Mine is, after considering all factors, I would say the future is still clear for Supermax. So I would buy more to average down the cost and wait for it to rebound. ( I have others portfolio too , recently had gained from SKP for 30%+)

5) Own TP Supermax will rebound at some point back to RM8 with continuous QR revenue report, not assumption but is a assuring point from past results from TG, Kossan and Harta, use their figures when their price are at 8 and you will know.

6) Market will do the work to correct what is right value for a company. SUPERMAX? Yes I would say.

again topup at 6.64 today, not going through all the comments, but I have faith in Supermax.

topup yesterday at 6.92, and today at 7.2.. keep holding.

40% realized loss on Top Glove because bought it with high price.. damn, still holding Supermax with profit so will just leave it here.

the profit from TG has not reflected into the trend yet, be patient, today is due to panic selling and some sharks doings, the Company still fundamentally good and will be better till next year

If you are cash player, just hold, this counter will up, in the past 2 months it has already proven the curve will be like roller coaster, nothing to be scared off, take your believe and hold till selling at your ideal price

I just bought TG @ 17.8, should have que at 17.0, but is ok, I believe it will touch 19 soon. Holding Superman tight tight and further topup at 8.4 just now

can look at the price when closing. should gap up 5-10% today, retail buyers are crazy now.

fake Q guys.. they will cancel it later on

just further top up this morning, I dont understand why the people will sell for the past 2 days on panic, when we already knew it will be solid good profits in the future, perhaps really had the .

Hats off to YTH and freetospeak for their analysis.

hi YTH do you have any group that I could join for chat and sharing?

https://klse.i3investor.com/blogs/spartan/2020-06-09-story-h1508694819-GLOVES_SECTOR_THIS_IS_MY_REAL_TARGET_PRICE_FY20_FY21.jsp

This guy had some points you may consider before getting into the party, judge by yourself new comers.

we buy on own judgement, hold on own judgement, risk managing by own judgement, you have your own decision to make, so no need to say is a bubble to confuse others, you may do your own homework by at least if you're going to be in share market for some times.

Cheers to all who topup just now. Still looking forward for this counter.

waiting to drop further so that i could collect more

1star Yes World No.1 Glove maker TOP GLOVE can overtake Nestle (RM 140.00).

indirectly u need the world to have an ill spread as large as Nestle's products.

Did not sell my shares because of the panic, Still TP at 10.5, any group i could join?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3055730

something new

Bro, 24 of May is Raya, Bursa will not open for announcement... they will only resume on 26 May https://www.bursamalaysia.com/about_bursa/media_centre/closure-of-bursa-malaysia-in-conjunction-with-hari-raya-aidilfitri-3

@kimsui7364 The QR will out on 24-May-2020. I think the QR will be very good.

the troubled director had ceased to be the substantial, this stock will get back to its original worth soon.

Oil price drop
WTI Crude 14.28$
Brend Crude 27.03$

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3044882

Actually when he dont say anything, only the price had movement. Just watch him do the show. This counter had its peak transaction volume since IPO on Thursday. The SHH just goreng the price up so that they could dispose their shares to the us ikan bilis.

LOL, why need to drag politic into this, just ignore those factor, this counter is full of debt and losses, ASB bought shares to save the price from dropping, not to get more portions. Just wait and see the QR and see what the Management is doing.


Ubah_ If talk QR why allow Sap IPO RM 2? 18th May must change govn again. Rightful govn is PKR or PH?

QR will be the turning for this counter, if QR is at least minimizing its losses for the previous quarter and in conjuncture with the oil price in May due to OPEC++ started to decrease their production, the price will raise at least 20% or vice versa.

Ex PNB Chairman to be Bursa Chairman soon.

https://www.theedgemarkets.com/article/abdul-wahid-tipped-be-next-bursa-chairman

Bursa Collaborating with China's share market on investment trading

https://www.theedgemarkets.com/article/bursa-malaysia-enters-mou-shenzhen-stock-exchange-crossborder-collaboration

suspect a pure goreng kind of counter, the volume has gone down drastically since morning. Good luck to all that bought this morning

what happened to the spike

70$ LOL, in this economy, you think which government has the reserve to handle the epidemic as it would affect all industries for at least a year. Government would be busy just "saving" them for the next 2 years.

https://pbs.twimg.com/media/EVcAXugXYAAFUv0?format=jpg&name=large

wait Aramco announce its price today

Today can collect more for awhile as US market is closed due to timezone, it should have rebound later for profit later tomorrow.

Mexico joining the party... Cut is on final

Further extension meant good for the peoples actually, with now the cases still going up by hundreds per day, this MCO wont take any effect by just implementing for 1month, it would at least take 2months+ to get the situation under control. If you let the people out now....... you can foresee the situation be uncontrolled til dont know when and cost to get the vaccine... just brace yourself for few months.. you already buying shares.. your stake is still higher than those who are actually suffering from poverty...

OPEC+ won't cut oil production without Mexico. OPEC+ won't hold new meeting Friday, only G20 -BBG

by tomorrow evening will spike up

mabel, where is the news from

Russian President Putin has no plans to talk to Trump and Saudis on oil

https://pbs.twimg.com/media/EVJKWlbUMAEDRab?format=jpg&name=large

Differences between Russia and Saudi Arabia over baseline and volumes for any oil production cut persists, according to two OPEC sources

https://www.nasdaq.com/articles/nigeria-to-shut-down-its-oil-refineries-as-it-works-to-revamp-nnpc-chief-2020-04-08

@Warriors88 at almost closing point 39 mil share was disposed at 0.105, you think that is ikan bilis selling ka..

@NickOoi, people waited for years only got to see the increment on Monday, and yet still not reaching to the value of what the investor evaluated.You can study the graph and its results, this counter growth is a question mark. If you are to invest in here, be ready to get stuck for a period and if you are lucky, you might get to dispose your portion and get your gain before they pay their dividend.

Warriors88 starting to be annoying for every few minutes post lol.

with price of 0.2 , 0.01 =5% return.. consider high interest, but people dont have confident in this counter... its project not really earning much in aspect of property development. Many property are on sale.

Low buying volume people all selling at 0.11, today might get back to 0.105 at closing.