Posted by Josephinecsy > 2020-06-02 10:21 | Report Abuse

indeed agreed with need patient today, don't be panic

Posted by lollipopkan > 2020-06-02 10:26 | Report Abuse

To all newbies and ikan bilis,

You sell more, more sharks top up and push the shares to higher price, you sell early you profit less or even you lost money.

Don't be silly.

Posted by Eric6790 > 2020-06-02 10:30 | Report Abuse

here many comment make ppl confuse, we cant know or predictable on wat going on, later it can be up or down nobody knows,

Posted by Rookieboombpipi > 2020-06-02 10:32 | Report Abuse

OTB ask ppl chase. Beware. Paper loss now

Posted by Kim33 > 2020-06-02 10:33 | Report Abuse

https://www.klsescreener.com/v2/news/view/683897

All Healthcare stock dropped because this news lah. Now is chance for u to collect,tomorrow back to uptrend.

Posted by Bullacent > 2020-06-02 10:35 | Report Abuse

Profit taking come run.

Posted by ImFromTheFuture > 2020-06-02 10:38 | Report Abuse

top up day

Posted by stockist888 > 2020-06-02 10:38 | Report Abuse

i guess there are some truths in each comment depending which cycle one is caught, but i think 50% is still unknown given these unprecendented times

Posted by amateurJR > 2020-06-02 10:41 | Report Abuse

Please drop more. I have been waiting for this moment to collect more

Posted by stephenbond > 2020-06-02 10:41 | Report Abuse

run run run if paper still gain!

Posted by amateurJR > 2020-06-02 10:41 | Report Abuse

Please drop gao gao today

Posted by abcb > 2020-06-02 10:48 | Report Abuse

Don't run strongly recommended to add "BUY" call by uncle Koon
TP RM20 like HENGYUAN

Posted by lingch899 > 2020-06-02 10:51 | Report Abuse

Top up day

Posted by amateurJR > 2020-06-02 10:52 | Report Abuse

@abcb Dun mislead ppl la. It is a good stock but no way TP RM20

Posted by abcb > 2020-06-02 10:52 | Report Abuse

Undervalued and superb oversold
All in and limit up soon

Posted by kariwong9394 > 2020-06-02 10:54 | Report Abuse

Bank Lastest Info :

Revision of Glove Counter Capping

COMFORT RM2.35

HARTA RM8.15

KOSSAN RM5.65

RUBEREX RM2.31

SUPERMX RM5.00

TOPGLOV RM8.64

The glove counter capping is valued at 65% base on closing price or as above and apply whichever is lower starting tomorrow.

Posted by KL Liew > 2020-06-02 10:54 | Report Abuse

mega sales , sapu before QR out

Posted by greatinvestor > 2020-06-02 10:55 | Report Abuse

immediate effect 01/06/2020

Posted by greatinvestor > 2020-06-02 10:56 | Report Abuse

if you have glove counters in margin account and have margin call, can regularise by end of june 2020

Posted by greatinvestor > 2020-06-02 10:57 | Report Abuse

dont too worry if you are using cash to buy in

Posted by mf > 2020-06-02 10:58 |

Post removed.Why?

Posted by ImFromTheFuture > 2020-06-02 10:58 | Report Abuse

cheap sales omgggg

Posted by greatinvestor > 2020-06-02 10:59 | Report Abuse

机不可失 时不再来

Posted by zai > 2020-06-02 10:59 | Report Abuse

comfort at top formed bearish harami

Posted by Henry8833 > 2020-06-02 10:59 | Report Abuse

Profit taking only. I think not over yet. I still have last batch not sold yet. Performance depends very much on coming quarter results...

Below is latest CIMB report dated 2 June 2020

Supermax Corp
Still yet to peak
■ Our channel checks with SUCB indicate that its order lead time has stretched
to 12 months while it is pricing in higher ASPs due to current strong demand.
■ While SUCB aims to secure more direct orders (OBM), it has also begun to
collect higher deposits (>40%) for the bulk of orders beyond CY20.
■ Reiterate Add, with a higher TP of RM9.80 (28x CY21 P/E).
Positive surprise from longer order visibility and more ASPs hikes
Supermax (SUCB) indicated that its order lead time has lengthened to Jun 2021 (endFY6/21), which is 12 months (vs. our previous assumption of 10 months). This is on the
back of favourable supply-demand dynamics in the glove sector, owing to Covid-19. We
also gather that SUCB is confident of raising its ASPs by 10% each month from Jun till
Dec 2020, vs. our previous expectation of a 10% monthly increase from Jun to Sep 2020.
Collecting deposits to ensure minimal cancellation of orders
In order to ensure no cancellation of orders, SUCB is requesting that its customers pay
deposits (30-50%) in advance to lock in their orders. This is particularly for orders from
non-recurring customers and/or spot buyers. At this juncture, we estimate that up to 15-
20% of SUCB’s capacity mainly caters to spot (ad-hoc) orders (mainly from government
and non-government organisations), which typically have higher selling prices (premium
of 30-70%) vs. recurring orders, resulting in higher margins for SUCB.
Focusing on its OBM business model
Since the Covid-19 outbreak (Mar 20), SUCB has been selling more gloves under its
original brand manufacturing (OBM) at 95% of its total sales volume vs. 70% pre-Covid19. This is via its own distribution centres (7 glove distribution centres globally – 55%) as
well as via third-party distributors (40%). In our view, this manufacturing-cum-distribution
model (focusing on selling OBM gloves) allows SUCB to garner higher margins and
better pricing power as it is able to sell directly to end-customers.
Expecting robust qoq and yoy results in 4QFY20
For the upcoming 4QFY6/20 results, we expect SUCB to record sequentially stronger
earnings of RM130m-135m. We also believe that sequential results will remain strong up
to 2QFY6/21. This is on the back of: i) higher glove sales, ii) increase in average selling
prices (+25% qoq), and iii) higher economies of scale. Note that any upside beyond our
ASP assumptions would provide positive surprises to its 4QFY20 results.
Reiterate Add, TP raised to RM9.80
With a longer order book visibility and factoring in higher ASPs (current assumption of a
10% monthly increase in 1HFY21 from only 1QFY21 previously), our FY21-22F EPS is
raised by 33.3-38.7%. Accordingly, our TP rises to RM9.80 (28x CY21 P/E). We continue
to like SUCB for its attractive valuations (35.1% discount to the Malaysian glove sector
average CY21F P/E of 35.1x) and OBM business model, which allows it to garner better
margins vs. its peers given the current strong surge in glove demand.

Posted by NoobTrader88 > 2020-06-02 11:00 | Report Abuse

i cabut lock profit dulu..

Posted by greedy44444 > 2020-06-02 11:00 | Report Abuse

Big sharks are everywhere...BEWARE !! Take your hard earned profits while you can. Don’t be greedy. Just don’t let your profits go to drain.

Posted by tamarindo > 2020-06-02 11:01 | Report Abuse

fake news kariwong!!

Posted by youtalktoomuch > 2020-06-02 11:01 | Report Abuse

dont give fake news la kariwong9394, keep spamming every where

Posted by stockist888 > 2020-06-02 11:03 | Report Abuse

there are disugsting small people everywhere

Posted by KL Liew > 2020-06-02 11:03 | Report Abuse

report kariwong

Posted by Jaes > 2020-06-02 11:04 | Report Abuse

maybe bank already hinted that the price is too high, already priced in 2-4 quarters of expected results

Posted by marvin95 > 2020-06-02 11:08 | Report Abuse

@Jaes then why Maybank give tp20 for top glove

Posted by kariwong9394 > 2020-06-02 11:08 | Report Abuse

my advice is think about that now the price is worth to buy or not and pity for those who chase high...

Dun blindly to chase high...

见好就收，不要见财化水...

见好就收，不要见财化水...

见好就收，不要见财化水...


Sendiri pandai pandai la...

Sendiri pandai pandai la...

Sendiri pandai pandai la...

Posted by Janieee > 2020-06-02 11:08 | Report Abuse

Should I add more? 3.74 now

Posted by wilson55 > 2020-06-02 11:10 | Report Abuse

collected 3.74

Posted by nicholasng89 > 2020-06-02 11:10 | Report Abuse

add add add !!!!

Posted by greatinvestor > 2020-06-02 11:11 | Report Abuse

Janiee , if you are new here my advise for you dont chase high even i'm still holding some and sold some and bought back some

Posted by Jaes > 2020-06-02 11:12 | Report Abuse

@marvin95 perhaps bank want to reduce margin risk because it's their money. want more retailer to use their own money to buy, thus passing some of the downside risk back to retailers

Posted by marvin95 > 2020-06-02 11:13 | Report Abuse

@jaes Understood make senses thanks bro

Posted by 8055K > 2020-06-02 11:15 | Report Abuse

Refresh !

Posted by greatinvestor > 2020-06-02 11:16 | Report Abuse

still holding some because i was already in margin of safety and waiting for lower price to add back some holding till quarterly result out

Posted by Jaes > 2020-06-02 11:16 | Report Abuse

@marvin95 btw don't take 100% of my word, it's my guess. likely the margin holders will sell some of their profit to cover

Posted by abcb > 2020-06-02 11:18 | Report Abuse

Sure rebound sure win no margin call no force selling
Just keep on accumulate as much as you can

Posted by Eric963708 > 2020-06-02 11:18 | Report Abuse

is very funny when up all gloves counter up when down all same likes a trend

Posted by stockist888 > 2020-06-02 11:18 | Report Abuse

bank doesnt know more everything FGS ! haha

Posted by mf > 2020-06-02 11:19 | Report Abuse

3.70

Posted by amateurJR > 2020-06-02 11:19 | Report Abuse

kariwong dun spread fake news la. Sohem

Posted by mf > 2020-06-02 11:20 |

Post removed.Why?

Posted by Bursino > 2020-06-02 11:21 | Report Abuse

Denial is a coping mechanism that gives you time to adjust to distressing situations — but staying in denial can interfere with treatment or your ability to tackle challenges. If you're in denial, you're trying to protect yourself by refusing to accept the truth about something that's happening.