okay maybe they mean annual report for fy20

Where do you guys get the news tomorrow is qr?? based on previous reports fy21 Q1 should be in November

20k battle between big boys at 10.54..but the support too strong.

FED33 top glove exports has stucked in US customs since July but still make 1b profits...they are working non stop at max capacity many other countries are waiting..plus Supermax has no issue with labor unlike topglove

Stockisnotfun well new long term investor can enter also at this price if they consider it cheap based on future valuations..back when pre-bonus it was rm2 and reached rm7 it might seems expensive but long term investor can still consider it cheap...and now see it already rm20 (rm10 after bonus)..what important is the fundamental of a company must be justifiable for the price..with 1b cash, 800m sales deposit and supermax new OBM model, factory working at maximum capacity and fully booked for at least next 4 quarters...this price range is still consider as cheap for long term investor.

Mass air travel unlikely in next 2 years until Covid-19 vaccine widely available

https://mothership.sg/2020/10/ong-ye-kung-mass-air-travel-bloomberg/

yes can..if you see day price chart...today it just went for diving under the wave to collect some more pearls, soon it will come back above to take a breath, dive abit more, and then rise to the surface and fly again.

some delusional ppl thinking it will go below rm10 when multiple huge blocks of 16k~30k above rm9 and rm 10 respectively has been bought in a blink (means real and big investors already coming in) , today is just another collection phase before rise to new high.

you see the shipments for July-Sept is still high (nowhere near covid) but with higher ASP, and this number of sales will be steady for next 4 quarters since all of them are already pre-paid
https://importkey.com/i/maxter-glove-manufacturing-sdn-bhd

20k block of buy sell q

https://simplywall.st/stocks/my/consumer-durables/klse-kpower/kumpulan-powernet-berhad-shares#valuation

No wonder Karim bought alot, they keeps bagging projects , a good start for fy21, buy and hold..Based on analyst eps forecast June fy21 eps will be 0.27 but usually actual result will be much higher like June fy20 analyst predicted a 0.08 eps, but the result out is 0.16 eps, so lets took a bit higher at 0.3 eps for june fy21 ..translated into pe30 is RM9....still very undervalued.

Karim bought at rm3.15 on wednesday..this counter will fly soon

all cases gone back to peak time in march, supermax price certainly gonna return peak price before BI which fall due to profit taking and retail panic because price adjustment...before making new higher.

its okay we need contra players for volume...and momentum.

it will take a break today...cannot go up too fast, tomorrow will gap up..and continue 5~10% per day until rm13 next week..need to build up momentum

this same pattern like yesterday big roadblock at rm 9 almost 16k...but only managed to close at rm8.98..today wont break rm9.8 , but close at rm 9.78~9.79 tomorrow suddenly the wall disappear and it open above 9.8

rm 13 by next week...dont be late

supermax use obm model , they have no middle man and sell directly to customers which gave them higher margins

if close higher today, ascending triangle breakout formed...strong bullish trend continuation

what happened to 18k wall at rm9 last week...

@Knm_bottomed

https://www.investopedia.com/terms/a/ascendingtriangle.asp#:~:text=An%20ascending%20triangle%20is%20generally,direction%20the%20price%20broke%20out.

@Knm_bottomed_breakout

See
https://www.investopedia.com/terms/a/ascendingtriangle.asp#:~:text=An%20ascending%20triangle%20is%20generally,direction%20the%20price%20broke%20out.

yes, glove makers to turn into charity bodies by working triple as hard amid Covid19 , with lesser payment..sounds good.

not cup and handle, more like ascending uptrend triangle breakout, will confirm by monday if open or close higher

so close, next week will break rm9 easily

we gonna crash that 700 q retailers at 18k

today buying momentum so strong and stable ..it will continue till next week.

10k units broke today at rm8.8 we can do it with rm9 16k..next week fly

wow finally see RM9 and its really a huge wall , we gonna go break them stay tight

all investors stay strong gonna break the 8.80 soon..dun panic we just need to stay above 8.5 and today or next week it will break rm9

if close above .8.74 already good enough, it will be new high than last 2 weeeks

dr hisham hint towards reinforcing MCO just now, all bilis will be back to flock into stock gloves..

if open lower and close higher than yesterday..seems good alrdy

supermax keeps buying shares, this no longer to push the price i think, i think they gonna go pre-bonus issue shares cap market

https://www.theedgemarkets.com/article/tnb-gets-leave-challenge-irbs-rm18b-tax-bill

I dont see any mention about 18cents dividend in the announcement...

Yesterday also got share buy back, but today still dropped heavily and because they also also bought back today creating artificial impression that investors are coming while in fact its just the company who bought back, hence why the price tanked abit ..what if supermax didnt buy back tomorrow the real market will show itself and it will go all the way down..so be careful

This is not dump by IB alone, last few days there are no new buying force when it climbing toward rm9 which mean investor think it already expensive or overvalued..so naturally it losing its momentum, now it going backward..

Ill advice ppl not to enter now, there will be short rebound before it drop even further..dun get trap, you gonna ended up losing lots of money.

Its already break strong support at RM8.3 if it stay until close, then it will fall into RM7.3, if it break again then next support at RM6.2

Seems like the government going to impose windfall tax for glove ...for economic recovery. bad for glove sector, but good for the country.

it failed to close at 8.6 or above next week sure gap down

For those who still hold, today chart will be the same like 24th August go see. Gap up at open, close lower than open after 3 consecutive green long bar..see what happen on 25th, will happen again next week on monday

this is why structured shorting, warrant and options are haram or prohibited in islamic finance..it suppose to protect the market

i told u dun fight IB, there are call warrants expiry date...you think they gonna pay 90% premium to the warrant holder. they need to push at least 60% bruh

Remember IB has unlimited bullets, they can buy again sold some bit higher, and dump more bit lower...thats how it keeps dropping.

save your cash first, dun fight the IB , they already started working to push the price it will be bloodbath next week..just watch sideway until warrant maturity date

In very good fundamental company with good growth prospect and in long uptrend, you buy them on discounted price and during weakness, where it will reach new higher low...before its low support is RM3..and yesterday is the new low 3.06....now it will only go further up. This company cashflow and forecasted earning of y-o-y is 30%, and fair value is still far away at RM10 with RM1b projects order book.

https://simplywall.st/stocks/my/consumer-durables/klse-kpower/kumpulan-powernet-berhad-shares#valuation

cut losssss it will go 5 unti warranty matured

another roadblock will be at 8.3 still so far..buy now

aiya 9k roadblock easily eaten out..tp rm13