Posted by mf > 2020-07-18 09:22 | Report Abuse

There were 77,255 new cases reported Thursday, topping a previous high set two days ago, according to Johns Hopkins University. On Friday, the World Health Organization's situation report said there were a record 237,743 new Covid-19 cases reported to agency in the past 24 hours.

Posted by greedy44444 > 2020-07-18 09:36 | Report Abuse

Huat ar.... sailang THKS

Posted by Goldberg > 2020-07-18 09:48 | Report Abuse

RHB & CIMB raises TP on Supermax.

CIMB raises SUPERMAX TP to ................ RM19.60
RHB raises SUPERMAX TP to.............. RM 18-88

STEEPER ASP INCREASES AT DISTRIBUTION LEVEL

BUY- with raised TARGET PRICE

1- Gloves shortages have worsened, as COVID-19 cases in the US have surged 24% MTD. We increase our earnings estimates and TP due to higher ASPs. As Supermax Corp has its own distribution channel in the US, we expect its earnings to outperform peers. Our new TP reflects 27.5x FY21F (Jun) P/E – a 23% discount against the sector average due to SUCB’s smaller market cap/ liquidity.

2- Gloves demand estimates have increased, as COVID-19 cases in the US surged 24% MTD. Over the past five days (8-12 Jul), the number of new cases daily has surged >60,000. As the US is the biggest gloves consumer globally, stubbornly high number of COVID-19 cases means that gloves demand should continue to rise.

3- Gloves shortages have worsened. Within a period of two weeks, the number of new COVID-19 cases in the US and Brazil has increased more than expected. As a result, we estimate gloves demand there has increased and caused further depletion in global stock levels. Our estimate shows that levels should have declined by another 2% to 10.8bn pieces globally.

4-ASP assumptions increased. Our channel checks also reveal the shortage of certain raw materials used in gloves manufacturing. This has capped near-term supply. We have increased FY21-22 ASP assumptions by 2-9%. This increase is higher than SUCB’s peers due to its distribution channels in eight countries, including the US and Brazil. These countries are still registering high new COVID-19 cases. FY20F earnings remain unchanged, as the financial year ended in June.

5-BUY with a higher TP. We have increased our FY21F-23F earnings forecasts by 14-19%. In the short term, 1QFY21 core earnings should show significant improvement QoQ, as ASPs are on an increasing trend. Post COVID-19, SUCB’s earnings growth outlook remains positive, as we expect gloves demand to continue the usual uptrend growth of 8-10% due to higher hygiene awareness globally.

Posted by calvintaneng > 2020-07-18 10:00 | Report Abuse

Very good

Supermax C87

34.5 sen to Rm6.39 is up 1,850%

Supermax C87 is the Super Star

Netx will be the next one.

Posted by jungleboy > 2020-07-18 10:28 | Report Abuse

Netx is into glove too?!

Posted by Cryptotrader > 2020-07-18 10:30 | Report Abuse

Netx is into glove too?!
answer: burning cash company. no sure can last for how long.

Posted by calvintaneng > 2020-07-18 10:49 | Report Abuse

Netx is in tech not gloves

Tech like Alibaba, JD.com, Google, Amazon, Microsoft also did very well

Posted by Goldgent > 2020-07-18 10:57 | Report Abuse

Must include baby glove also.
CCR (Comfort, Careplus, Ruberex)
The name should be THKS CCR.

Posted by JBond007 > 2020-07-18 11:15 | Report Abuse

Baby glove will start engine soon.
Middle of last week tried to vroom but spoiled by the vaccine & TG news.

Posted by cutie > 2020-07-18 11:56 | Report Abuse

I think after gloves play, PPE is the next play theme. In the US, shortage of PPE (personal protective equipment) recently, they have to reuse the PPE. Google and u will find the answer. Jerasia who is producing PPE since April said high demand for PPE. Jerasia is only 23 Sen and not much investors noticed that. I think after gloves rally, the analysts will write on it in future. Google and research. It is up to you to buy or not.

Posted by apolloang > 2020-07-18 12:05 | Report Abuse

in US the whole market is booming,here only glove and tech the rest all die,how to compare? if here all up then is a different story

Posted by mf > 2020-07-18 12:30 | Report Abuse

Colombia's health ministry reported a record 8,934 new coronavirus cases on Friday -- taking the country's total number of infections to 182,140 since the pandemic began.

The ministry reported another 259 related deaths, also a record. Colombia's death toll now stands at 6,288.

The rising case numbers come as President Ivan Duque resists calls to impose a total lockdown in the country’s most affected areas.

Posted by Primeinvestor > 2020-07-18 13:27 | Report Abuse

Rubbish article, all forward earnings are wrong now too understated

Posted by PureBULL ... > 2020-07-18 14:06 | Report Abuse

no need to play any other stocks even blue.chips, except few tech stocks.
other stocks can't go up more than 2 mkt days.

Our giant GLOVES r world class stocks like crazzzy AMZN, TSLA, NVDA etc in the USA.
Every up day is at maximum up, u ask for $1 it can go $1.90 n MORE...

U know what I MEAN !

KEY: all BIG 3 at super CORNER.CONDITIONED r selling forward 100% production capacity with super magical PRICING power !
U don't need any other catalyst.
Every QR will OP with increasing PAT, the same pattern repeats like in last April to early June.

This is like MSFT in late 90s, $5 to $100 in 1-2 yrs.


YES TOPGLOV is the reincarnation of MSFT then ... know what to do !?!

Posted by EngineeringProfit > 2020-07-18 14:21 | Report Abuse

Agree

Posted by hallick > 2020-07-18 15:09 | Report Abuse

if you look the price pattern of Supermax compared to Topglov, it seems like Supermax price will surpass Topglov price soon ...

Posted by EngineeringProfit > 2020-07-18 15:12 | Report Abuse

No doubt about this....

.....knowing from the start of this superbull run

It's SUPERMAN

Posted by geary > 2020-08-16 12:48 | Report Abuse

Goldgent Must include baby glove also.
CCR (Comfort, Careplus, Ruberex)
The name should be THKS CCR.
18/07/2020 10:57 AM

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