"For no logical reason, all the glove stocks have been dropping in the last 4 months while the companies are making more and more profit. It is so ridiculous and defies investment logic.
Supermax first quarter ending Sept EPS 30.58 sen and 2nd quarter ending Dec 41.14 sen, totalling 71.72 sen for half year. Assuming each of the 3rd and 4th quarter EPS is 40.14 sen, its annual EPS will be Rm 1.54 per share.
Based on PE 10, my target price is Rm 15.40 which is easily achievable.
Supermax cannot continue to drop for whatever reason. Sooner or later, it must rebound. It will shoot up very rapidly to reach my target price.
My last advice is to get ready to buy back at cheaper prices. Even if you buy at current price level, you should not be afraid because the down side risk is minimum. "
thinking about it......if he is completely out of gloves he might hv sounded once or perhaps twice to warn off the people he so "love" from the price collapse.
Very strange he keeps hitting on gloves with all the negatives like a broken record as if he is not satisfied until their prices down the monsoon drain.....the prices were to shoot up it seems to upset his BIG PLAN. What is this BIG PLAN?
Looks like old fox is very very very desperate to buy low but chances is toooooooo slim already....no one is trusting you anymore old fox....pls write more bad news of glove so that they can climb.even higher....hahahahaha
aiya uncle kyy, price adjustment in stock is very very normal la.....no stock is continuing up every day even Apple.Inc. please la........if i were you, i keep quite only after forced sell by IB due to margin call. we come back another day to hoo9ee.
Haha, Uncle Koon already give you guildline what to comment on his blog: "Thank you Uncle for this excellent article. What makes it excellent? Clear, succinct, informative, factually supported and well-argued”.
Uncle KYY, you oredi sold all your Supermax shares and have given your last sermon and even said your final eulogy to glove counters. Why you still hang around talking down on gloves? You should oredi move on to tech and metal stocks. Why keep on giving multiple eulogies on glove stocks?
This unker the funniest I've ever encounter in i3. Every time after he bought, the share price dropped. After he sold, it went up. As sure as the sun rises from the east, be a contratian is the best approach. I sure am making, all thanks to unker
All investors of glove stocks just take note : Glove counters are controlled by some super rich syndicates. The prices are decided by them regardless how huge or how low the reported profits are (QR). What will happen to glove stocks tomorrow? Of course we think the current upward trend will continue but only GOD knows what cunning plan the syndicates have got in their minds. In USA when any PLC announces humongous profits, the share price rockets. In KLSE when glove counters release shockingly high profits, their prices collapse! This is Malaysia !
one people praise u then so proud? here got hundreds of ppl spitting on your name! Your integrity is worthless now. People already know what type of character you are. Trust u really can go holland!
Why people get agitated with KYY if what he says carries no weight or importance????? I am not his fan. Just ignore lah if he is "worthless", or just take it with a pinch of salt or just grin. No need to curse because it gets back to you!!!
Koh Chye Hock specialises in oil and gas law and works for an American multinational oil company. He holds a Bachelor of Arts and Master of Arts in Philosophy, from the University of Utah, USA, and an LL.B (Hons) and LL.M, respectively from the University of Wales, Aberystwyth, UK, and Georgetown University Law Center, Washington, D.C.. He was an O.C. Tanner Fellow and a Chevening Scholar. He is admitted to the Supreme Court of Virginia, USA. Hailed from Ipoh, Malaysia, Chye is married to Filona and with their son, Corey, live in Singapore. He continues to keep a journal.
The third wave of COVID is a serious one, mutations are unstoppable for now. You like it or not, it will take a longer time for COVID to be completely controlled because at the current state of global vaccination, it will take at least another 2 years for everyone to be vaccinated. The demand for glove will always be there, whether the share price sustains or not, another question but the prices are reflective of the current and foreseeable earnings for the next 2 years. All these rubbish about gloves selling price is reducing is all bullshit and for personal interest. Only worry if you are a contra player if not, no need to listen to the noises around you. Make your own judgement and invest safely. Remember, there are no saints in the market.
AS I SAID BEFORE, KYY I USED TO FOLLOW YOU, BUT NOW YOU ARE PREACHING HATE AND WRITING NONSENSE OF THINGS YOU KNOW VERY LITTLE ABOUT. PLEASE STOP BEFORE PEOPLE LOSE ALL RESPECT FOR YOU.
Whatever this guy said, just ignore. When the glove started moving, he did not predict the trend. Only when the glove in 30 day high did he start talking like a sage. Remember how he fooled us in the AT hoax?? I will never forget and forgive him for that.
Still blogging on gloves. Since already sold, look for others. Gloves aren't the only counters that you can profit from. If you are good, you can always spot new ones.
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....
Goldberg
2,918 posts
Posted by Goldberg > 2021-04-29 11:33 | Report Abuse
Uncle KYY'S last advise/sermon - Here you go-
"For no logical reason, all the glove stocks have been dropping in the last 4 months while the companies are making more and more profit. It is so ridiculous and defies investment logic.
Supermax first quarter ending Sept EPS 30.58 sen and 2nd quarter ending Dec 41.14 sen, totalling 71.72 sen for half year. Assuming each of the 3rd and 4th quarter EPS is 40.14 sen, its annual EPS will be Rm 1.54 per share.
Based on PE 10, my target price is Rm 15.40 which is easily achievable.
Supermax cannot continue to drop for whatever reason. Sooner or later, it must rebound. It will shoot up very rapidly to reach my target price.
My last advice is to get ready to buy back at cheaper prices. Even if you buy at current price level, you should not be afraid because the down side risk is minimum. "