Posted by Gaussian > 2020-11-01 15:39 | Report Abuse

Do you understand the definition of PE?

Posted by omione > 2020-11-01 17:40 | Report Abuse

@Gaussian. You can be rest assured that I understand the concept of PE extremely well. One just couldn't have written 3 levels of CFA exams without understanding this simple concept. But, opinions on this do defer. So, let's just leave it at that.

Posted by newbie8080 > 2020-11-01 23:46 | Report Abuse

Why Supermax?
There is the other 3 large manufacturer like Toglove, Hartalega and Kossan are also into nitrile glove.

Posted by Fong YM > 2020-11-02 00:02 | Report Abuse

Sudah la. ASP droping

Posted by sensonic > 2020-11-02 00:11 | Report Abuse

I WILL BUY 200 LOTS SUPERMAX TOMORROW FOR FD.

Posted by Yu_and_Mee > 2020-11-02 13:31 | Report Abuse

TG and SPM PE soon go to 5?

Posted by keown83 > 2020-11-02 22:11 | Report Abuse

OK i just read news on windfall tax..so it may introduce to glove company..is this the main reason market react negatively on all glove counters?

Posted by Keyman188 > 2020-11-02 22:27 | Report Abuse

书是死的

人是生的

市场是生的

Posted by omione > 2020-11-03 15:10 | Report Abuse

@keown83: There's already a very vibrant blog set up specifically to address this issue. (https://klse.i3investor.com/m/blog/freetospeak/2020-11-03-story-h1535598133-WINDFALL_TAX_on_GLOVES.jsp).

In addition to that, my sense is, I believe the invisible hands of the IBs are at work. There will be 3 tranches of Structured Warrants expiring between Nov 20 & 30 with a total number of original issued shares of 400m. If all of them were outstanding, on paper, the 3 IBs would incur massive losses to the tune of Rm900m, based on settlement price of just Rm9. But of course, the IBs have mitigated this disaster. I am certain, they would have bought back most of the warrants by now leaving no more than 1m shares outstanding. This is not the only way that the IBs make money. They can also trade the Supermax shares just like you and me. And Supermax being one of the most fragmented share ownership amongst the big caps with the Thai Family being the only group to own above 5%, the IBs, with their expertise and overwhelming capital can easily swing the share price up and down. Such high volatility favors the IBs, but it scares the living daylights out of the retail investors. So, unless you're extremely good at trading the stock, it would be better to focus only the only 2 factors that count - Father Time & Earnings Visibility - and ignore the noises. All the best.