Posted by Hector > 2021-04-30 15:46 | Report Abuse

Glove counter will have their karma after 2 years, but not now. My advised to Uncle KY please dont spoil and stir the market since u sold all your Glove share! The more he post the more will get mad by genuine investor!

Posted by witan > 2021-04-30 18:00 | Report Abuse

Lol this KYY bloody liar and hypocrite, in feb and mar ask people to buy supermax now keep talking bad about glove counter. He must regretting cut loss on his supermax hahaha since now it is on the rise. Serve him right.

Now he wants to buy glove again at cheap price, dream on old man!!! Hope karma will get you

Posted by witan > 2021-04-30 18:05 | Report Abuse

In Feb this old man so confident about supermax will reach rm15.40 and ask people to buy.

In March, he secretly cut loss when supermax reach its lowest price.

In April, this old fox keep bashing glove counter when most glove price rebound.

Lol uncle u regret cut loss is it??? Lol serve u right, karma will bite u back old man

Posted by Targeted > 2021-04-30 18:16 | Report Abuse

Hehehe........... All China steel and aluminium factories very busy with eviromently friendly upgrades .......as usual will be completed at break-neck speed.........dont get caught... Lol

Posted by winnerz > 2021-04-30 21:09 | Report Abuse

Go go go!

Posted by stockfreak > 2021-04-30 21:12 | Report Abuse

Glove stocks are
Glove stock is

grammar problem

If he is that sure, show us proof of short selling. If he short sells, that's the proof that he is very sure.

Posted by MF0001 > 2021-04-30 21:32 | Report Abuse

"I POSTED"

"U POSTED"

"HE POSTED"

ITU JARI SINI SANA

KE MARI KE SINI

I GO SLEEP BETTER

AFTERNOON SLEEP

NIGHT TIME COME OUT HERO HERO

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

Posted by Foker > 2021-04-30 22:05 | Report Abuse

No wonder his wife so many health problems. Really karma. More karma incoming because he didn't repent

Posted by DickyMe > 2021-04-30 22:26 |

Post removed.Why?

Posted by ooi8888 > 2021-04-30 22:28 | Report Abuse

the old man will bring you to see TULIP, don't worry/

Posted by arv18 > 2021-05-01 01:26 | Report Abuse

Sir Chimpanzee Fool You Yin, can you HURRY UP and write another worthless article about how much glove stock went down today?

Please be a good MONYET.

We know you want to!

:DDDDDDDDDD

Posted by stockraider > 2021-05-01 11:12 | Report Abuse

My sifu told me in economics...if u keep the product prices too high & u continue make super profit....eventually u attract many many more players & competitors...and this will cause the ASP to drop very fast...and eventually it will cause a huge gluts in the industry as all the players are unable to stop or reduce production, bcos of committed fixed or sunked cost loh!

Thus longer run business prospect will be a disaster...they will be shake out loh!

Posted by Stockisnotfun > 2021-05-01 11:13 | Report Abuse

Don't talk 3 talk 4 there. Just need to answer you got buy or not?

Posted by mf > 2021-05-01 14:40 | Report Abuse

ASIA
COVID-19: India julung kali rekod lebih 400,000 kes baharu
Mei 1, 2021 @ 1:42pm

Posted by VenFx > 2021-05-01 15:47 | Report Abuse

A matter of facts , India s pandamic has reah historic high.

it is non of anyone human on earth can ascertain what will happen to Glove s ASP ...

Posted by BURSAMASTER > 2021-05-01 20:00 | Report Abuse

THANK YOU VERY MUCH, MR KOON FOR YOUR INVALUABLE INSIGHT IN WRITING THIS ARTICLE / OBSERVATION. YOU ARE RIGHT TO THE DOT. ITS ALL ABOUT THE BASIC ECONOMIC FUNDAMENTAL OF SUPPLY AND DEMAND.

WHEN SUPPLY BECOMES MORE THAN DEMAND; NATURALLY PRICE SHOULD DROP. FOR INSTANCE DURIAN PRICES WAS ONCE VERY HIGH BUT AS MORE PEOPLE START PLANTING DURIAN TREES; THE PRICE OF DURIAN KEEP DROPPING; HERE AGAIN BACK TO THE BASIC FUNDAMENTAL OF SUPPLY & DEMAND.

FURTHERMORE , GLOVE MAUFACTURING IS NOT A TECHNOLOGICAL HIGH ENTRY BUSINESS. MORE AND MORE COMPANIES WILL COME IN FOR THE ARBITRAGE.

HATS OFF TO YOU SIR

Posted by Goldberg > 2021-05-01 20:21 | Report Abuse

Kyy also said this-

I have written more than 10 articles on Supermax. As a result, many of my readers would have bought and sold to make a lot of money. But if they did not sell earlier, depending on their average purchase price, they may be losing money on paper because it has been dropping from Rm 10.70 on 19 Oct to close at Rm 4.84. It has dropped more than 50% in the last 4 months as show on the chart above.

The losers must be cursing me for apparently misleading them. I want to reassure them that I wrote my articles with good and honest intention. I have no reason to ask them to buy to support the share price because the daily volume traded is tens of million shares and whether they buy or sell would not make much difference to the share price.

As a co-founder of Rubberex, I was told that the demand for glove is still surging due to Covid 19 pandemic despite massive vaccination. Moreover, many more medical workers are wearing glove to do the injection for safety. Additional gloves are required.

In fact, Professor Peter Piot of London Medical College said that at least 70% of the population in the world must be vaccinated to prevent the spread of the coronavirus. It will take a long time to produce enough of Vaccine to vaccinate 70% of the world population of 7.6 billion people. Currently only the rich nations can afford to buy vaccine to vaccinate their citizens. Unfortunately, there are many more poor nations who cannot afford to buy the vaccine.

Professor Peter Piot and many scientists predicted the Covid 19 pandemic will continue for another 4 or 5 years. Based on this fact, the demand for gloves should continue to surge for a long time and all glove makers can easily increase their selling prices to make more and more profit which should be reflected on their share prices.

This morning, I spoke to Mr Ken Cheang, CEO of Comfort Gloves to ask him if he could sell some gloves to an old friend who is a trader. He said that all his production is already presold for the whole year. If my friend wants to place an order, he can only supply in 2022 but he cannot fix the selling price now as the selling price is increasing constantly due to the surge in demand for gloves.

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.

Posted by Goldberg > 2021-05-01 20:26 | Report Abuse

Until a majority is inoculated, some form of a lockdown is needed

Author: savemalaysia | Publish date: Sat, 1 May 2021

WHILE many are hurling brickbats against the Government on speculation that a new movement control order (MCO) may be imposed soon, Parti Sosialis Malaysia (PSM) has a different take on the matter.

“In my view, as long as a majority of our population is not vaccinated, we need some form of a MCO to keep the pandemic at bay. We don’t need to be rocket scientist to figure that one out,” its chairperson Dr Jeyakumar Devaraj told FocusM.

Malaysia has been reporting four-digit COVID-19 cases since the start of the Emergency back in February, with most of the cases coming from the Klang Valley.

Yesterday, the nation reported over 3,000 new infection cases, alarming health officials both in the public and private sectors.

Association of Private Hospitals Malaysia had said that the private hospitals are getting overwhelmed with COVID-19 cases, as they lacked beds and ICU facilities to accommodate patients, with the limited availability of specialists and nurses compounding to the problem.

For now, Kelantan and five of 12 districts in Kedah are under MCO. Generally, MCO bars inter-district travel, social or religious events and mandates school closures.

Touching on the matter, Jeyakumar said that the Government should provide targetted assistance to the underserved, should they impose a new MCO soon.

Posted by Goldberg > 2021-05-01 21:03 | Report Abuse

Well said Dr Ken


drken91 my sifu told me in virology...

Viruses mutate constantly :

https://health.clevelandclinic.org/what-does-it-mean-that-the-coronavi...

A variant found in at least 17 countries :

https://www.nst.com.my/world/world/2021/04/686024/who-indian-covid-var...

To those who think vaccine = recovery, you can't be that naive.

As of today (after 2 months ) only 1.7% of Malaysia's population has been fully vaccinated, and we need at least 80% of the population to achieve herd immunity. Even with the vaccine, it does not guarantee complete immunity to covid-19. And assuming it takes 1 month to achieve 1% of coverage, you'll need at least 80 months and that is not including the statistics of the masses who reject the vaccine.

What Brazil and India have in common, is that they both get vaccines - but their vaccination policy and program is half-arse. Therefore the virus has chance to mutate, & that's for you simpletons who can't grasp how familiar the situation is right now.

The worst is yet to come.

Is it any wonder why these stocks are losing its steam :
https://www.bloomberg.com/news/articles/2021-04-30/stocks-that-soared-...

It's not wishing for bad things to happen, but as a person who works in healthcare, I'd like to advise everyone not to rest just yet.

Supply glut or not, it may be necessary to defend against an invisible enemy that continues to mutate and evolve. The glut in covid-19, is something to ponder upon as well. It's a pandemic like no other.

Posted by winston1 > 2021-05-01 23:35 | Report Abuse

Another lying statement from this old geezer. Now he regrets very selling below 5.00

Posted by amithaba > 2021-05-01 23:41 | Report Abuse

uncle, please retire la.......find some hobbies maybe exercises and perhaps take in another pet....making money at your age now is not important la....your flip flop comments and article in the forum make people look down at you. your inner fire had burn out your wisdom which easily make wrong decision at time of buy or sell stock..... please retire la.

Posted by Mtrade > 2021-05-02 12:53 | Report Abuse

OLD man please la read all the comments in i3, nobody agrees with you with your factless rubbish article, dont try to maniplulate ones mind. I. know you try to buy cheap gloves stock you OLD FOX

Posted by afif95 > 2021-05-02 12:55 | Report Abuse

Uncle saw k+ and Adventa break MA 200. he wants to join the party at low price

Posted by stockraider > 2021-05-02 13:18 | Report Abuse

Never b4 in the past 1 year during the pendemic Lazada & shoopee offer discount on gloves mah!

If they offer discount....that means another no good sign on gloves...is coming mah!

Thus be very careful loh!!


Posted by drken91 > May 2, 2021 11:29 AM | Report Abuse

thanks for the sharing of interesting discounts on lazada and shope, Mr Calvin

I mean, yes, why not spend 1 cents on a cheap glove to roam around Covid ward of 50 patients in a day and do per rectal examination while we're at it

Quality over quantity la... gloves are never meant to be part of consumer market, large medical institutions and workforce will be buying them in bulk, from reputable marketeers... not from some Tom, Dick and Harry who sells gloves at 1 cents during mega Raya discounts...

I agree, the argument to imply saturated prices of gloves due to high supply is valid.. but to equate it with other consumables/wearable items in the market, like Tomatoes are just absurd.
One is a commodity, and another one is a necessity.

Unlike gloves, I also can plant tomatoes in my backyard la friend..
Gloves are a necessity in combating the pandemic, and while lives are in my hands literally; what better way to handle them safely with a pair of high-quality-multiple-layered gloves?

I dare you to roam around a medical ward filled with 50 ill-infected patients while wearing your 1 cent Lazada Raya sale cheap gloves and masks, and do per rectal examination while you're at it...

I'm no economist, nor an eagle, but I'd rather be human.
Not an eagle that roams around her prey, only to be shot down by a hunter-gatherer that is... human.

Wear your human-thinking cap, it takes no rocket scientist to understand that the pandemic is far from over and the demand will continue to exceed supply.

And I'm sure as hell will be glad that gloves prices got cheaper, therefore to save another priceless human being's life will be easier.

Gotta grab those sales on Lazada stat!

@PJSeow, couldn't have said it any better, agree with you.

Posted by stockraider > 2021-05-02 13:53 | Report Abuse

U better use your head to think lah!

The gloves pre pendemic price was usd 22 & now it is usd 70 an increase of 220% in selling price from pre pendemic, it is going downhill from here loh!

Can u imagine the gloves price will fall from USD 70 to as low as usd 25 post pendemic leh ??
This is a fall of almost 65% from the peak of usd 70 mah!

U ask yourself lah....the cost of manufucturing gloves as gone up so much for example the cost of labor wages all in and plus cost of accomodation and investment into billion of machinery in the case of topgloves, do u think the sustainable price of gloves at usd 25 compare to usd 22 pre pendemic an increase of only 13% can support the majority of its operations with still good profit leh ??

And whats more u think the gloves company normalise far lower earnings base on selling price of USD 25 can still support the mkt cap of topgloves Rm 46.3b, Harta Rm 35.3b and supermax Rm 16.4b leh ??

Look here the forecast of lower price of gloves is not done by Raider loh, it is done by Topgloves employing very reputable consultants Harps n vital factors to forecast the normalise average selling price of gloves in conjunction of their decision to list in HK market mah!

Posted by RealMad > 2021-05-02 14:34 | Report Abuse

KYY never learn the lesson.. FA will always beat TA.. now HC is uptrend.. down trend was broken.. maybe not as high as 1st durge.. but still will continue to climb up..

Posted by will75 > 2021-05-02 14:37 | Report Abuse

I hope KY Jelly lose all his money!

Posted by Gordon Weng M.T > 2021-05-02 14:53 | Report Abuse

dear Mr. KYY, you are late to glove party this round. however, you still can ride the uptrend boat if you want.

Posted by Learner King > 2021-05-02 15:24 | Report Abuse

uncle koon u are so pathetic

Posted by jackfruit > 2021-05-02 16:38 | Report Abuse

KYY keep saying gloves stocks will come down but markets show gloves stocks keep going up wow...even adventa and comfort going up like nobody business. People who bought these shares are laughing to bank now.

Posted by stockraider > 2021-05-02 18:29 | Report Abuse

Can u imagine the gloves price will fall from USD 70 to as low as usd 25 post pendemic leh ??
This is a fall of almost 65% from the peak of usd 70 mah!

U ask yourself lah....the cost of manufucturing gloves as gone up so much for example the cost of labor wages all in and plus cost of accomodation and investment into billion of machinery in the case of topgloves, do u think the sustainable price of gloves at usd 25 compare to usd 22 pre pendemic an increase of only 13% can support the majority of its operations with still good profit leh ??

And whats more u think the gloves company normalise far lower earnings base on selling price of USD 25 can still support the mkt cap of topgloves Rm 46.3b, Harta Rm 35.3b and supermax Rm 16.4b leh ??

Look here the forecast of lower price of gloves is not done by Raider loh, it is done by Topgloves employing very reputable consultants Harps n vital factors to forecast the normalise average selling price of gloves in conjunction of their decision to list in HK market mah!

Never b4 in the past 1 year during the pendamic, that both Lazada & shoopee offer discount on gloves to its customer mah!

If they offer discount....that means another no good sign on gloves...is coming mah!

Thus be very careful loh!!


Posted by shortinvestor77 > May 2, 2021 4:48 PM | Report Abuse

No shares don't need to be jealous like KYY here. Kossan has the gloves ordered till at least the end of year 2021. Getting more order for year 2022. Mutation of viruses are not going to end like that (Look at India and it is spreading to the whole world). Premium gloves are like Mercedes price cannot compare to Proton which is like a substandard glove.

Posted by thor85 > 2021-05-02 19:04 | Report Abuse

Please try harder stockraider

Posted by godhand > 2021-05-03 14:24 | Report Abuse

he sell call means? glove will up?

Posted by bananaskin > 2021-05-28 01:07 | Report Abuse

hellooo....anybody home? hahahahaha.....

Posted by Foker > 2021-05-28 01:26 | Report Abuse

Kossan go down?

Posted by maggiemee > 2021-05-28 01:29 | Report Abuse

Your beloved Guru and who you all loyalty for. Now you know the fox true colour

Posted by maggiemee > 2021-05-28 01:31 | Report Abuse

U already sold out just quiet la why want to condemn glove stocks like AT and Mahsing after you took your profit. Why you so noaughty

Posted by rogers123 > 2021-05-28 01:53 | Report Abuse

U think you r god of klse? Pui! Karma will look for u. I am sure

Posted by rogers123 > 2021-05-28 01:56 | Report Abuse

We still will pay respect to u as u r an old guy but.... Plz be quiet before we lose all respect to u.

Posted by rogers123 > 2021-05-28 01:57 | Report Abuse

The way he talked, he is teasing and perling those who r still holding glove shares

Posted by rogers123 > 2021-05-28 01:57 | Report Abuse

like wat he did in KPS