Posted by Boston > 2021-12-13 18:09 | Report Abuse

Same as restaurant operators, lots of savings but one pandemic most cash all gone. Glove companies lots of cash but operating costs much higher and IF ASP says maintaining at USD30 BUT no demand, how??

Posted by Boston > 2021-12-13 18:10 | Report Abuse

Clear cut situation where supplies overwhelm demands…so companies next three years probably losing money bit by bit.

Posted by gemfinder > 2021-12-13 18:14 |

Post removed.Why?

Posted by casanwk > 2021-12-13 18:46 | Report Abuse

Rsi displaying divergent ?
(15 min)
Bottom is just round the corner!

Posted by tamp0i > 2021-12-13 20:05 | Report Abuse

Not yet bottom lah. TP1.07 mah... Hahaha... Let it flow.. Waterfall

Posted by SWT1988 > 2021-12-13 22:23 | Report Abuse

super offer price now but everybody is trying to create new low b4 year end. TG taking the lead even had made nearly 190 m per quarter.

Posted by SWT1988 > 2021-12-13 22:26 | Report Abuse

how many companies is making 190m / quarter in KLSE? what to do, big sharks setting the rule of the game.

Posted by SWT1988 > 2021-12-13 22:27 | Report Abuse

will go down further if TG pecah 2.00 tomorrow. Harta also susah tahan at 5.00

Posted by Kevin Tam > 2021-12-13 23:24 | Report Abuse

The comments here need to be logical n rational … Those pessimistic investors keep saying the top 2 manufacturers of China will flood the market with cheap gloves , this need to see the top 2 can produce how huge quantity in 2022 n our top 3/4 manufacturers have been in the market for more than 16-20 years, the expansion plan of top 7 manufacturers in world should be being cut dramatically due to much lower ASP in 2022… Those new entry into glove sector will face huge losses n can’t compete with big 4.. One more thing , the top 2 manufacturers in China mainly selling to China n some of the Asian countries n EU whereas our top 4 rely more on US n Canada market than EU market ( if I m not mistaken )…. The few research houses suddenly turned to even more pessimistic than 3-4 months ago as if pandemic already ended n those biggest manufacturers don’t know to cancel expansion plan …

Posted by NatsukoMishima > 2021-12-14 08:34 | Report Abuse

So whst ? U think glove stock will surge again just because the uk death cases ? USA market already digested the omicron news n no kneel jerking ! Wake up all glove loyalty fans because the main factor to impact malaysia glove stock is China continue throwing price until net loss to control the market n even donate free to poor countries for good relationship !

Posted by mrlimitdown > 2021-12-14 08:41 | Report Abuse

glove no hope. sell

Posted by mrlimitdown > 2021-12-14 08:42 | Report Abuse

toilet paper replace by glove
very cheap and low tech product

Posted by wangtrader > 2021-12-14 08:56 | Report Abuse

@boston, epf lending share since day one to RSS doesnt prove or show it's legitimate and ethical, here not to bring in their buy/sell activities ,out of topic . And you said the point, why epf lend out share for RSS to bring down our local stock price irrationally ? this is a very unethical scenario, a public funded shares are not to be manipulated with this share lending activity for short seller. i hope someday the shares you have faces the same reality ,shorted by rss with the helps of shitty EPF.

Posted by wangtrader > 2021-12-14 09:52 | Report Abuse

by the way ,glove counter is irrelevant to me ,just found that it is very unethical and should be brought up for attention

Posted by Boston > 2021-12-14 10:27 | Report Abuse

@wangtrader Agree to disagree...just stating my views, dont have to be too personal. Hope gloves shares shoot up, like that ok??

Posted by wangtrader > 2021-12-14 10:30 | Report Abuse

it will not shoot up

Posted by UnicornP > 2021-12-14 11:06 | Report Abuse

2029 Kossan will back to RM10

Posted by wangtrader > 2021-12-14 11:27 | Report Abuse

more interested in harta though

Posted by bang_miskin > 2021-12-14 12:25 | Report Abuse

Harta and Kossan are good counters to buy. I understand Topglove dissapointing quarterly report scares off many investors, but I predict Kossan's QR to be better. Even if Kossan QR is similar to Topglove, current price is still cheap. Ready to accumulate when next month check comes in.

Posted by casanwk > 2021-12-14 12:37 | Report Abuse

Rsi trader & traders knew divergent
They are buying first !
I wait 171 and support
Good luck

Posted by pentest > 2021-12-14 16:48 | Report Abuse

Unloaded Kossan at around RM5 last year, now starting to buy back. Will accumulate slowly from this price range until it reaches RM1. Imagine If it really sells at RM1, then I can use RM5 to buy five Kossan shares.

Posted by NatsukoMishima > 2021-12-14 17:22 | Report Abuse

Die die all the fans support rm 1.60 ! Salute to u all !

Posted by jolow > 2021-12-14 18:16 | Report Abuse

Last train to tongsan

Posted by jolynce > 2021-12-14 18:28 | Report Abuse

wow! Good for you! And good to know that bosses are buying back shares.

Posted by pentest > Dec 14, 2021 4:48 PM | Report Abuse

Unloaded Kossan at around RM5 last year, now starting to buy back. Will accumulate slowly from this price range until it reaches RM1. Imagine If it really sells at RM1, then I can use RM5 to buy five Kossan shares.

Posted by kuan1209 > 2021-12-14 18:31 | Report Abuse

Glove lovers should go for Kossan/Harta, both companies have grabbed the Top Glove and Supermax market share in US (that's a big market!), especially Kossan.

Kossan has dropped almost 30% below pre-covid (what a bargain along with the crazy 2B++ CASH!), although their QR is expected to be much better than peers.

As you can see, only Kossan's directors are actively purchasing the shares recently! Other Glove bosses just keep quiet only =(

MR LIM KUANG WANG 10-Dec-2021 Acquired 106,000
TAN SRI DATO' LIM KUANG SIA 10-Dec-2021 Acquired 500,000
MR LIM KUANG WANG 06-Dec-2021 Acquired 53,000
MR LIM KUANG YONG 25-Nov-2021 Acquired 100,000
MR LIM LENG BUNG 19-Nov-2021 Acquired 100,000
MR LIM KUANG WANG 18-Nov-2021 Acquired 51,000
MR LIM KUANG WANG 17-Nov-2021 Acquired 51,000
MR LIM KUANG WANG 15-Nov-2021 Acquired 100,000

Among the big 4, only Kossan closed green today, that's a good sign.

Posted by kl2318 > 2021-12-14 19:15 | Report Abuse

Bought 30K at 1.68. This price is 10% of my sales price last year before bonus.

Posted by Ryan83 > 2021-12-14 19:43 | Report Abuse

All top 3 except Top Glove are very cash rich and management easily can use all their billions of cash to privatise their companies at current low price and delisted from Bursa.Each year these top 3 glove companies can still make at least few hundreds millions annually at ASP pre pandemic price

Posted by whocare1982 > 2021-12-14 20:23 | Report Abuse

https://youtu.be/aJVE8y2l5Lo
(马股)KOSSAN 和 SUPERMAX SWING TRADE ,TG,Harta更新-7！

Posted by Passivereturn > 2021-12-15 07:01 | Report Abuse

I work in glove industry. The irony is glove share price keep coming down but their production expansion is increasing like no tomorrow. Maybe we should ask why are they increasing their production if the business is not lucrative.

Posted by Ryan83 > 2021-12-15 08:42 | Report Abuse

Those top 3 gloves except Top Glove have billions of net cash and top management can privatise easily current low price using own cash and loan borrowings as the billions of net cash will belong to them after fully privatised.Annual net profits at least few hundred millions and annual growth of 8-10% very stable and profitable glove business.

Posted by kl2318 > 2021-12-15 09:53 | Report Abuse

I hope they privatise & later relist in a different market.

Posted by NatsukoMishima > 2021-12-15 10:26 | Report Abuse

Buy cocoaland better than kossan, solid high divy over past 10 years ! Not like glove stock high divy for temporary only !

Posted by wangtrader > 2021-12-15 10:57 | Report Abuse

@kl2318,good luck for your investment even though i know nobody would disclose their buy/sell genuinely here .. dont get burnt, everyone is waiting for below rm1

Posted by wangtrader > 2021-12-15 12:29 | Report Abuse

https://www.abc.net.au/news/2021-11-26/macquarie-bank-cum-ex-tax-scheme-germany/100643674

Posted by NatsukoMishima > 2021-12-15 13:32 | Report Abuse

Habis all 4 heaven king pecah fizikal support point !

Posted by Bruce_Wayne > 2021-12-15 14:11 | Report Abuse

NatsukoMishima,

Aren't you the retired Japanese porn actress?

Cocoaland at PE of 27 is overvalued.

Industry PE e.g. OFI is only 11.

Therefore Cocoaland is worth only 0.50.

Maybe you can ask rr88 to help you promote. He used to look at your pictures and ....



NatsukoMishima Buy cocoaland better than tg , solid high divy over past 10 years ! Not like glove stock high divy for temporary only !
15/12/2021 10:25 AM

Posted by kl2318 > 2021-12-15 17:28 | Report Abuse

@wangtrader, I don't think there is any research house with a sell recommendation on Kossan. Kossan's bosses are buying and thats good enough for me.

Posted by casanwk > 2021-12-15 19:19 | Report Abuse

At last break 171
Wait until neck long long
Tomorrow hoseh liao.....

Posted by bang_miskin > 2021-12-15 21:17 | Report Abuse

Kossan way oversold. Should be at RM2, or at the very least RM1.80. Even pessimistic JPM gives a TP higher than current price.

Posted by gohkimhock > 2021-12-15 22:51 | Report Abuse

among the 4 big glove counters, i like Kossan the most.. Main reasons are management and dividend. Cash flow management is second to Harta.

Posted by NatsukoMishima > 2021-12-16 08:20 | Report Abuse

Why yesterday suddenly up ? Glove still havent times up n die ??

Posted by MorningGlory123 > 2021-12-16 08:27 | Report Abuse

The real reason why the omicron variant is so alarming

The omicron variant is spreading pretty fast, which may be a sign of why the variant is so alarming for the rest of the world.

Per CNN, experts around the world have expressed concern about how quickly the omicron variant has been spreading worldwide.


https://www.deseret.com/coronavirus/2021/12/15/22833998/omicron-variant-spread-cases-rates

Posted by MorningGlory123 > 2021-12-16 08:44 | Report Abuse

COVID: Omicron variant spreading at unprecedented rate, says WHO

The World Health Organization has warned that the coronavirus variant Omicron was spreading at a rate not seen with previous strains and was likely present in most countries.


https://www.aljazeera.com/news/2021/12/14/who-omicron-spreading-at-unprecedented-rate

Posted by Ryan83 > 2021-12-16 08:49 | Report Abuse

The World Health Organization on Wednesday cautioned against treating the Covid omicron variant as a mild strain, warning that the virus will also cause severe illness.

“We know that people infected with omicron can have the full spectrum of disease, from asymptomatic infection to mild disease, all the way to severe disease to death,” Maria Van Kerkhove, the WHO’s Covid-19 technical lead, told the public during a question-and-answer session.

The WHO warned on Tuesday that omicron is spreading faster than any previous variant. Van Kerkhove said Wednesday that increased transmission will result in more hospitalizations that burden health-care systems, some of which will fail.

Posted by amateurJR > 2021-12-16 10:49 | Report Abuse

@gohkimhock, for the past one yr, you are optimistic about Covid recovery and kept downgrading glove valuation. However entering end of 2021, you are worried about new Covid variant and promoting glove.

Posted by Kevin Tam > 2021-12-16 10:51 | Report Abuse

Those new retail investors being too pessimistic n cautious until can’t see the value of Kossan ; many of us are not glove fans of last year or beginning of this year but if u know share investment n value investing, the value of Kossan then Harta n Topglove started to show recently… Topglove has made 2-3 big mistakes as I said in previous comments , share buy back of Topglove actually a big mistake coz burning her cash level n bought at high price level, very unwise… As long as Kossan able to post PAT of Rm200-220 mil , it shows Kossan can maintain profit level much better than Topglove ( Topglove lost the US market for 8-9 months n need time to get back orders from US buyers ) n Supermax… At below 1.90, even 10-15% cheaper than pre pandemic share price, buying Kossan has little risk compare to buying Inari at 4.00 or even lower risk than buying Topglove at 2.00.. don’t just look at the TP of few local research houses, they can adjust TP as big quantum as 40-60% per month ..:)

Posted by mf > 2021-12-16 11:06 | Report Abuse

Fauci says Covid boosters work against omicron, no need for variant-specific third shot

Posted by pjseow > 2021-12-16 12:52 | Report Abuse

Kevin Tam, agreed with your opinion.

Posted by jolynce > 2021-12-16 13:00 | Report Abuse

Kevin Tam, thank you for your sharing :)

Posted by wangtrader > 2021-12-16 13:09 | Report Abuse

Have you heard of value trap ? It looks delicious but you get trapped for that too, many company is below NTA on bursa and the counters are not moving north.