sense maker The more it drops the happier you should be and the more Supermx you get to buy at cheaper prices. Your desperate longwindedness in promoting Supermx defies logic. 08/02/2021 9:56 AM
lol....very true in my case lah...the lower the better for me to buy cheap cheap
But not for those who bought at higher price n sitting on paper loss and is under heavy margin financing....
There's fundamental to it but less logical. Stock market is about sentiment. Now the sentiment for gloves is forward looking 9-12 mths ahead, where ASP will likely drop by 50%, increase in supplies by glove wannabes worldwide, little moat/barrier to entry, demand to decline in 2022 onwards.
Hmm supermax is not undervalued anymore. Topglove and hartalaga is. Recent report say the supermax ASP has dropped and not looking good in future growth.
obviously Supermax has been suppressed for the big guys to accumulate cheaper. And there are no interests in gloves now as all the hot money are busy chasing tech stocks. Just see the PE, more than 100. It s like what happened to Glove back in June/July last year.
So you only analyze the downside risk based on PE ratio? What about the market sentiment towards gloves? Do you think retailers not afraid of vaccine affecting the gloves?
Then how come retailers dump this like shit with vaccine news coming? How about this? Do you factor this in your research?
A good stock must take care both side which are retailers and IB.
This old geezer taught he knew alot before this and always boast his broken track record. Now if you were to refer to his last few recommendations you will notice they were outright disasters e.g. JAKS, DAYANG and now Supermax. Why ah? He can't see it on the charts but now using Analysts to support his buy recommendation. So simple meh, then every TOM, DICK and HARRY with some knowledge will make money loh? Almost 90 yo and he's got a lot more to learn. Golden rule, never go against the tide.
I agree but not based on your basis and assumptions.
My reason is that Malaysian productivity is extremely low.
In KL when I left my office in Wisma Genting at 12 midnight, from left to right, you cannot even see more than 10 people. Only a male transvestite was winking at me.
In Singapore when I left my office at 12 midnight near Orchard Road, from left to right you can see thousands of people walking about, most are walking to MRT, quite a lot of caucasians in suits holding briefcases going to MRT.
Malaysians were fooking at home while Singaporeans were working, how to have high productivity? and Index 2000?
Posted by coolinvestor > Feb 8, 2021 9:01 PM | Report Abuse
personally...klse will never reach above 2000, this is a simple observation
i think Mr. Koon need to address the greatest fear of gloves investors currently (no point coming with many articles and not talking about the elephant in the room)...
""investors fear that the extraordinary fat margin glove makers enjoying now will easily be squeezed by new players coming into the market.." .....................................................................
the above factor on supply side is the major concern now and not the demand reduction after successful vaccination (which now everyone knows takes a long time due to many factors such as vaccine efficacy, doses available and new strains)
this is the root cause - if Mr. Koon can dispute this concern, share price will surely shoot up
Haha i3lurker, I will buy at USD7 perbox and resold to the Hongkie
KUALA LUMPUR: Inix Technologies Holdings Bhd is likely to receive orders from Hong Kong customers for at least 240 million boxes of pure nitrile medical gloves for the next two years.
Within days after Inix completed the acquisition of the shares of L&S Gloves Sdn Bhd (L&S Glove), the company's glove factory was visited by a representative of two Hong Kong buyers to negotiate new orders.
The price is expected to be set at US$9 per box.
Inix had completed the acquisition of a 51 per cent stake in L&S Glove two weeks ago, making it officially commencing its new glove business division.
In a statement, Inix said the representative of two listed companies in Hong Kong had personally made a surprise site visit to L&S Glove's factory in Beranang, Selangor today to understand the progress of the production lines.
The management of glove division of Inix welcomed the visiting Hong Kong representative, Hoo Ching Han, and both parties conduct in-depth negotiations on the orders after a tour of the factory.
This old geezer would have been a FAILURE if not for using i3 to promote his stocks and his pure luck during the Hang Seng crash. If he had bought all his earlier shares without the knowledge of the masses except his broker and probably his family, there is no way he would have made so much easy money on MARGIN. That got to his head, making him think he was a SUPER INVESTOR. Now, he's in REALITY.
This article doesn't have any logical logic anymore. Uncle cannot afford margin call & mtm loss now more than ex-Jaks coz play fire margin! So everyday try very hard until sore throat influencing innocent ppl. Don't get conned!!
fair logical article, because huge profit could raise huge cash flow and rise NTA too. But that could be a value trap, similar to shell Malaysia (hengyuan) many years ago
ironically Hengyuan was fried by the old geezer a few years back. not much success here unfortunately. why did he wait so long? that is a fact that defies logic!
After so many months (Started March 2020) of experience trading in stock Market, I think feel very proud of my self. Maybe God give me talent. Many friends & relative call me SIFU range because from last year I already told my friends don't buy glove counter. If you got 100% fund all buy in 1 stock (all in) at penny stock like XOX, Vivocom, AT. NEVER EVER BUY FUNDAMENTAL STOCK BUT NO TREND such as glove.
During that time no body going to listen to me, now proven I'm smarter than most of the investors in Malaysia. Maybe from small I have this talent.
Many people like to buy many stock 10, 15, 20 stock in their portfolio.. Normally I will advice my friends only buy one penny stock all in.. I can guarantee you can see your profit generate very fast.. For example last round I bought my XOX at RM0.06 & sell at RM0.23. I earn 283%. See how smart am I.. This is so called smart investor.
Don't being fool by many old generation asking youngster follow their outdated method only buy good fundamental company. See what happen now. Most of the glove price drop 30-50% but never going up until today. I pity most of them.. Maybe they not smart enough to invest in Bursa.
I can still remember this is the same kind of argument he wrote on HENGUAN & DAYANG before the prices for these two counters crashed!!! AND all his followers lost money for following him blindly!!!
The chart contains the totality of reality. If we argue with chart, means, we argue with reality. Chart contains information undetected by the human mind since chart mirrors reality. Value investor could argue that the price will rebound once rss buy back the share. There is logic in such arguments but you could also argue that I have never loss any money in investing. Because I will always wait for the price reach back my entry point. All the best.
Lienteh Technology Sdn Bhd, which is expected to obtain necessary approvals to commence production of nitrile gloves, is seeking a back-door listing via Eonmetall Group Bhd. Eonmetall, via a share sale agreement, is planning to acquire a 51% stake in Lienteh Technology for RM51 million. The purchase consideration will be entirely satisfied via the issuance of 72.86 million Eonmetall shares and the granting of a call option by the vendors to Eonmetall for the acquisition of the remaining 49% equity interest for RM49 million.
Just look at Supermax price chart for the last 10 years and you will noticed that once this pandemic settles down, the share price will collapse down to the floor. Be patient except old geezer would be long gone by then.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CharlesT
14,945 posts
Posted by CharlesT > 2021-02-08 12:24 | Report Abuse
if too free go to eat more pineapple n then walk another 8000 steps