Posted by greedy44444 > 2020-08-16 02:01 | Report Abuse

Vaccine coming very soon...smart investors knew that glove rally is going to end soon.

Posted by greedy44444 > 2020-08-16 02:04 | Report Abuse

Even with the expected outstanding qr in the next few quarters, the positive factor already reflected in the share prices. Price of glove stocks already went up more than ten times compare to early March. No point chasing now.

Posted by greedy44444 > 2020-08-16 02:06 | Report Abuse

Better look out for other sectors that still haven't moved up much like O&G, property and construction.

Posted by newbie8080 > 2020-08-16 18:21 | Report Abuse

Good write up. Factual and honest opinion.
Being realistic.
Thumbs up.

Posted by sense maker > 2020-08-16 23:13 | Report Abuse

Stockbroking firms saw irrational exuberance especially among retail players over glove counters, and then curtailed their credit risks accordingly. Their actions are totally appropriate.

Posted by KingFund > 2020-08-16 23:14 | Report Abuse

yes yes yes .... serves them right contra and margin players

Posted by Goldberg > 2020-08-16 23:20 | Report Abuse

Supermax- A Super Growth Stock
------------------------------------
Supermax Corporation Berhad - net profit jumped by a whopping of 27 times to RM399.62 million from RM15.06 million a year ago, marking its highest quarterly earnings to date.

Next Quarter PAT is projected at Rm800 million.

Bonus issue of 1 for 1. Ex date is on the 7th September.

Share dividend payout that entails one (1) treasury shares for every 45 ordinary shares held for FY2020, which is subjected to its proposed bonus issue.

Own Brand Manufacturing (OBM) cum distribution business will exhibit even healthier performance in coming quarter.

SUPERMX total production capacity to increase to 48.42 billion of gloves by FY2022.

Supermx will be included in the MSCI Global index on 1st September. Foreign funds will be accumulating at current attractive price.

Posted by supersaiyan3 > 2020-08-17 00:10 | Report Abuse

Well said, Dali.

I think if they want to change the rules, give some time before implementation. At least 2 weeks maybe?

Yes, glove will run for sometime until prices start to drop. Checked on price, seems like assumed ASP is unrealistically high.

Posted by stockraider > 2020-08-17 00:26 | Report Abuse

U need to understand this loh...!!

Dali is wrong mah...!!

The broker institute this no contra guideline to protect the glove traders & investors and remisier mah..if there is a crash alot of people will go bankrupt mah..!!

Better to let some air out 1st mah...!!

If the purchasers are so confident perhaps they should use their own cash to buy...why need to use remisier limit or margin and endanger much more people to the euphoria leh ?...!!

The brokers are right to institute pre emptive strike loh...!!

Posted by Noni > 2020-08-17 00:30 | Report Abuse

Now, which broker doing this?
We yet to find out, TheEdge also did not disclose info.

Posted by stockraider > 2020-08-17 00:33 | Report Abuse

This stupid dali say gloves being a commodity they are sign of danger then why he do not allow the brokers to steer away from danger leh ??

I think people should be rational and allow the brokers to take preventive action mah...!!

This will reduce sharp systematic risk mah...!!

Posted by AC Gan > 2020-08-17 10:36 | Report Abuse

Gloves ... Time to say GoodBye ??

Posted by tips888 > 2020-08-17 15:55 | Report Abuse

TOMORROW OPTIMAX LISTING. CAN BUY ??

Posted by ahbah > 2020-08-17 16:04 | Report Abuse

You can raise some cautionary flags but look at the bigger picture.

We so needed the current bull run, it more than save the rest of the economy.