Posted by KimSua > 1 month ago | Report Abuse

Next Resistance level 2.51/2.52. Your call to be greedy or swing trade(some) . Still a longer term hold.

Posted by Chipee > 1 month ago | Report Abuse

KimSua ... Totally agree. Will hover around 2.5 until Q4 2024 result to decide. I expect better results.

Posted by ChandranG > 1 month ago | Report Abuse

Patiently invest in Kossan will win the race for sure

Posted by KimSua > 1 month ago | Report Abuse

Chipee, this time the risk of losing out is high if swing sell too soon. Might be a re rating soon for glove sector, which we see much earlier. But most likely take profit as the market will test the next resistance for at least twice , however looking at the bullish trend, might just only swing some profit. Trump will most likely increase taxes across the board for all imports and we have to scan the news especially the American glove manufacturers association. Good luck

Posted by Chipee > 1 month ago | Report Abuse

Thx for the heads up KimSua

Posted by WDCQ_I_am_legend > 3 weeks ago | Report Abuse

Trump has announced an additional 10% tariff on all Chinese products, raising the tariff on Chinese medical gloves to 60% from the current 50% under the Biden administration. This new tariff will take effect in January 2025.

#Bloomberg

Posted by Chipee > 3 weeks ago | Report Abuse

Do you guy think price will drop after the ex-date for dividend?

Posted by EverettLee > 3 weeks ago | Report Abuse

Yes, the price will be adjusted and then will rise back

Posted by KimSua > 3 weeks ago | Report Abuse

I suspect this session will not touch the psychological 2.5 +
resistance level. Better to take the dividend and wait for it to surpass the resistance again after Dec potential window dressing

Posted by Chipee > 3 weeks ago | Report Abuse

Yeah. I'm going for the dividend and hold for Q4 results in Feb 2025.

Posted by xiaoeh > 3 weeks ago | Report Abuse

Posted by Chipee > 21 hours ago | Report Abuse
Do you guy think price will drop after the ex-date for dividend?

i do think most of the counters will drop more than the dividend received after ex-dividend
a few are exceptions e.g. go for privatize like MMS last time instead of dropping it went higher and etc

Posted by NatsukoMishima > 3 weeks ago | Report Abuse

Malaysia glove stocks will tumble in 2025 ! Dont ask me why , you will know the answer in 2025 !

Posted by Chipee > 3 weeks ago | Report Abuse

Nutsucker will end up in an asylum in 2025 ! Dont ask me why , you will know the answer in 2025 !

Posted by calvintaneng > 2 weeks ago | Report Abuse

US SOLAR PANEL TARIFF SETS A PRECENDENT: SUPERMAX MIGHT BE THE ONLY MALAYSIA GLOVE CO THAT MIGHT BE EXEMPTED FROM US TARIFF, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-03-story-h475649343-US_SOLAR_PANEL_TARIFF_SETS_A_PRECENDENT_SUPERMAX_MIGHT_BE_THE_ONLY_MALAY

Posted by Chipee > 2 weeks ago | Report Abuse

NO. Totally different issue. LONGi is China's solar manufacturer. They have a big production in Bukit Beruntung, Rawang. Of course Msia got hit by this tariff. They are targeting China manufacturers. Even the article stated this fact:

The group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Vietnam and Thailand of causing global prices to collapse by dumping products into the market.

Posted by Chipee > 2 weeks ago | Report Abuse

This shld be interpreted as "USA targeting tariff on China glove manufacturer even if they operate from Indonesia, Vietnam or Msia. "

Posted by KimSua > 2 weeks ago | Report Abuse

Highest high for since the first ustr announcement. Out for now

Posted by HaroldHuong > 2 weeks ago | Report Abuse

Up for 2days and see how 2moro..

Posted by Chipee > 2 weeks ago | Report Abuse

I think can go higher. Because the situation is different now. Then, the 25% tariff will be in 2026. So there is another 1 year before the tariff. Anything can happen in 12 months. True enough, Maybank wrote an article abt China glove being so great and all. So traders sell big.

Now, it is 50% tariff in 2025 and US targeting China manufacturers wherever they manufacture from. Whole different situation bro.

KimSua

Highest high for since the first ustr announcement. Out for now

Posted by Chipee > 2 weeks ago | Report Abuse

Yeah it can go down and up... but fundamental is still intact.

HaroldHuong

Up for 2days and see how 2moro..

Posted by KimSua > 2 weeks ago | Report Abuse

Chipee, the fundamental is still intact. Each has its risk profile and we know klse liquidity is limited and even big funds work with their short agents to get the best prices on average. It will definitely go up after a breather. Always observe the net short position trend if intend to swing however risk of losing the boat is always there. For each its own. Hope everyone wins

Posted by Chipee > 2 weeks ago | Report Abuse

Kim Sua, Do you monitor the short position every trading day? ("Always observe the net short position trend ...")
Volume Value
KOSSAN KOSSAN RUBBER INDUSTRIES BHD 284,700 745,578

This the data I got from Bursa for 5 Dec 2024. But no graph to see spike or trough.

Posted by Chipee > 2 weeks ago | Report Abuse

I'm using the standard MACD, MA (20,50,150) and RSI to monitor for tech analysis. Hoping you can point out this net short position for me to add into my analysis. TQ

Posted by EverettLee > 2 weeks ago | Report Abuse

Kossan is sprinting and heading towards RM3 🏃 Gogo

Posted by 5354_ > 2 weeks ago | Report Abuse

Harta why RM 3.7 with lower dividend and EPS?

Posted by KimSua > 2 weeks ago | Report Abuse

Chipee, have to go to bursa website to get the net short and total short for few trading sessions. However need to do some homework to plot the trend. Macd/rsi is technically lagging indicators. Short position allows you to know earlier if the big guns are slowing shorting it or recovering their shorts. Better to get a few confirmation to decide. Good luck. Resistance now 2.65/2.7 range. Support 2.45/2.5 range. Volume is still high. I might have sold too early 😃

Posted by Chipee > 2 weeks ago | Report Abuse

Thx KimSua. Yes I agree. MACD RSI is lagging. I think your way with net short is something like CFTC (commitment of traders) way of looking at thing for swing trade. I'm not good at CFTC method but I think it's a better trend indicator.
Selling early is ok as long as still make profit. Protect our capital is still number 1 priority. 😃

Posted by HaroldHuong > 2 weeks ago | Report Abuse

Let GO and break 3

Posted by abcb > 1 week ago | Report Abuse

Hope can reach 4.00 soon

Posted by NatsukoMishima > 1 week ago | Report Abuse

US , EUROPE already make huge stock pile from China glove before tariff start ! Only naive malaysia glove tard will believe reclaiming old glory stories from roti planta IB ! Cut you one more round !

Posted by limch > 1 week ago | Report Abuse

RM 3 can come? 35 sen left.

Posted by Chipee > 1 week ago | Report Abuse

Yeah that's why REVENUE for ALL Msia glove makers are UP. So according to Nutsucker's logic. China's glove is what they are buying. Stewpid but bising = Tin Kosong.

NatsukoMishima

US , EUROPE already make huge stock pile from China glove before tariff start ! Only naive malaysia glove tard will believe reclaiming old glory stories from roti planta IB ! Cut you one more round !

Posted by KingKKK > 1 week ago | Report Abuse

GLOVE SECTOR Rebound: What the Charts Tells Us About TOPGLOV, KOSSAN and SUPERMAX

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-12-10-story-h476488113-GLOVE_SECTOR_Rebound_What_the_Charts_Are_Telling_Us_About_TOPGLOV_KOSSAN

Posted by EngineeringProfit > 1 week ago | Report Abuse

Let's take the yummy profits- kossan Gostan lagi, lagi sikit

Posted by HKHedgeFund > 1 week ago | Report Abuse

和祖国一起成长吧.

Posted by EverettLee > 1 week ago | Report Abuse

Kossan doesn't drop much after boss selling the shares 😊

Posted by ChandranG > 1 week ago | Report Abuse

Nice closing today this Kossan. Huge funds flow in !

Posted by NatsukoMishima > 1 week ago | Report Abuse

Major shareholder starts dumping !

Posted by calvintaneng > 6 days ago | Report Abuse

SUPERIOR SUPERMAX: A RISING STAR AGAIN DUE TO ITS FIRST MALAYSIAN GLOVE FACTORY ON US SOIL, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-17-story-h476637158-SUPERIOR_SUPERMAX_A_RISING_STAR_AGAIN_DUE_TO_ITS_FIRST_MALAYSIAN_GLOVE_F

0 seconds ago

Posted by 5354_ > 6 days ago | Report Abuse

Kenanga TP RM 3 can reach?

Posted by WDCQ_I_am_legend > 6 days ago | Report Abuse

Unorthodox Analysis on Supermax Corporation Berhad as SUPER STOCK IN MAKING for year 2025
*TARGET PRICE : RM2.50*

Here are 10 main reasons why Supermax Corporation Berhad's share price may surge in 2025:

1. US Manufacturing Facility Commencement
Supermax's new manufacturing plant in the US is expected to begin operations in early 2025. With an initial production capacity of 2.4 billion gloves annually, it reduces dependency on exports and taps directly into the largest glove market. Full capacity is projected at 19.2 billion gloves.

2. Higher US Import Tariffs on Chinese Gloves
The US has imposed increasing tariffs on Chinese gloves:

50% in 2025

100% in 2026
This opens a massive opportunity for Malaysian glove producers like Supermax, as buyers seek alternative suppliers.

3. Improved Average Selling Prices (ASPs)
Global glove ASP trends are showing signs of recovery, forecasted to rise to US$21–US$22 per 1,000 pieces by late 2024 and 2025 due to increasing demand and rising costs.

4. Rebounding Global Demand for Gloves
The demand for gloves is projected to grow 8%–10% annually due to increasing hygiene awareness post-pandemic, rising healthcare spending, and infection control measures worldwide.

5. Weaker Malaysian Ringgit (Currency Advantage)
A weaker MYR against the USD benefits Supermax as exports generate foreign currency, boosting profitability and revenues.

6. Diversification into Developed Markets
Supermax’s expansion into Europe and North America mitigates risks associated with oversupply in Asian markets. The US plant reinforces direct relationships with customers.

7. Strong Balance Sheet and Cash Reserves
Supermax maintains a strong cash position that allows it to fund expansion, manage costs, and distribute dividends if necessary, improving investor confidence.

8. Glove Sector Recovery from Overcapacity
The global glove industry has faced overcapacity, but consolidation among competitors and steady demand growth are driving sector normalization, supporting higher ASPs and revenues.

9. Strategic Focus on ESG (Environmental, Social, and Governance)
Supermax’s focus on sustainable practices, including energy-efficient production and ethical labor compliance, attracts long-term institutional investors prioritizing ESG-compliant companies.

10. Improved Sentiment for Malaysian Glove Stocks
Malaysian glove stocks, including Supermax, are benefiting from renewed investor interest, driven by:

Recovery in demand

Improved sector outlook

Positive macroeconomic policies

Posted by Adam92Rosli > 6 days ago | Report Abuse

No need to worry about raw material shortage

https://www.nst.com.my/business/corporate/2024/12/1149291/malaysia-thailand-ink-mou-sustainable-rubber-production-johari

Posted by limch > 5 days ago | Report Abuse

Fly to RM 3 in 2025?

Posted by mf > 4 days ago | Report Abuse

June: WHO issues warning on bird flu spread

June: World Health Organization chief Tedros Adhanom Ghebreyesus said during a press briefing last week Monday that 'the number of affected dairy herds has almost tripled to 92 in 12 states'.

Posted by HKHedgeFund > 4 days ago | Report Abuse

不贪污又怎能致富呢？

Posted by mf > 4 days ago | Report Abuse

MULTIPLE PROPOSALS SUPERMAX CORPORATION BERHAD ("SCB" OR THE "COMPANY") I. PROPOSED BONUS ISSUE OF SHARES; AND II. PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
SUPERMAX CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description SUPERMAX CORPORATION BERHAD ("SCB" OR THE "COMPANY")

I. PROPOSED BONUS ISSUE OF SHARES; AND

II. PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposals.

We refer to the earlier announcement dated 18 December 2024 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 19 December 2024.



This announcement is dated 19 December 2024.

Posted by mf > 3 days ago | Report Abuse

Emergency flu admissions to hospitals DOUBLE in just one week
Story by Claire Elliot For The Scottish Daily Mail • 4h • 2 min read

Posted by NatsukoMishima > 3 days ago | Report Abuse

Ytl , ytlpwr , ranhill , vstec = Malaysia DC King in future ! No need to attack because US n Europe already stock pile many gloves for future 4 years , 20 % tariff on Malaysia glove will make glove companies loss money again ! Hot money all move to MALAYSIA DC KING IN FUTURE !

Posted by Adam92Rosli > 3 days ago | Report Abuse

Great! Foreign fund is buying back Kossan

Posted by Chipee > 2 days ago | Report Abuse

Bird Flu in USA ... state of emergency in California and Louisiana

https://www.usatoday.com/story/news/health/2024/12/18/bird-flu-cows-dairy-person-infected/76989489007/