Koon Yew Yin's Blog
Supermax shareholders in a dilemma - Koon Yew Yin
Koon Yew Yin
Publish date: Sun, 14 Mar 2021, 12:59 PM
Koon Yew Yin
0 1,447
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
The Supermax price charts below shows that it has been dropping from Rm 10.88 on 10 Oct 2020 to close at the lowest Rm 4.08 on Friday 12 March 2021. It has been fluctuating within a few sen in the last 2 weeks. Those who did not sell their holdings earlier and all those who sold earlier are in a dilemma.
Its 1st quarter EPS was 30.58 sen and 2nd quarter was 40.14 sen. Its half year EPS was 70.72 sen. Assuming its 2nd half year EPS will be the same as 1st half year. Its annual EPS will be Rm 1.41 per share. Price Rm 4.08 divided by Rm 1.41 = 2.89. It is selling at PE less than 3.
The following are the questions:
Shall I sell or not to sell?
Shall I buy some more shares to average down?
Will it continue to drop further down?
When will it rebound?
Those who sold at higher prices earlier, should you buy during this cheap sale?
I cannot advise you!
My opinion:
I am ashamed to admit that I delayed in selling my holdings because I believed the good profit of Supermax will prevail eventually. The longer I delay in selling, I will lose more money.
On hindsight, I should have sold all my holdings earlier. Finally, I sold all my holdings a few weeks ago and I used all my sale proceeds to buy KPS and Dominant which shot to limit up.
I learned a very expensive lesson. I must believe in the price chart. What is a price chart?
It is a record of the daily price movement of a stock. If there are more buyers than sellers the share price will go up. In the case of Supermax there are more sellers than buyers in the last 5 months. As a result, the chart is showing a down trend in the last 5months.
This can only mean that there are more investors who believe the share price will not go up again because the demand for gloves is reducing due the reduction of new Covid 19 cases. Moreover, all the glove manufacturers have been expanding their production capacities and there are more new manufacturers.
In fact, all glove stock shareholders are in a dilemma.
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Discussions
1 person likes this. Showing 50 of 88 comments
There are a few other furniture making companies that are equally as good as Dominant, they did not get their share prices run up, as no ones manipulate the share prices. In a nutshell, chase manipulated shares at your own risk.
2021-03-14 18:54
Kps only 1.22. Where got so fast gameover. Beter fast fast in loh. Engine just warmup. Dun nanti rm1.80 rm2 only u cey father cry mother ma
2021-03-14 19:17
KYY you wrote: "On hindsight, I should have sold all my holdings earlier. Finally, I sold all my holdings a few weeks ago and I used all my sale proceeds to buy KPS and Dominant which shot to limit up." ... the day you posted KPS and Dominant are underrated, that day KPS and Dominant limit up, and now you admitted you bought these 2 stocks BEFORE your post, then only blogging KPS and Dominant are underrated on the day these 2 stocks limit up ... you betul betul goreng kaki to con people.
2021-03-14 20:16
Kyy like to commrnt goreng stock.
The time he recommend to buy in , we should sell.
No harm to take his advise in contrary manner.
Pls counter check his golden words in pass 8 months ago for. Supermax :
" You can avoid stress and worry if you just buy and hold for a few months. You don’t need a crystal ball or consult a fortune teller to tell you that the price for Supermax and other glove stocks will continue to go up higher and higher until the pandemic is under control. "
For new investor, pls identify who are the true sifu before we decided to lern and follow him.
Just my 10sen opinion
2021-03-14 20:54
Am surprised there are still people being taken in and chase kps and dominant for him to sell....he probably have bought lower. Just expect him to come out regularly to promote kps and dominant.. some people just never learn
2021-03-14 21:14
That's why people... IN BEFORE BUAYA, OUT BEFORE BUAYA. that's how you make money from the market
2021-03-14 21:40
In future, kyy will strike more gold mines again !
Just open our eyes big n wide so as not to miss his display of mkt expertise of striking gold mines in the mkt !
2021-03-14 22:03
If kyy exit supermx more dificult to move up ma. Big funds no more push, sharks like kyy oso no push. Who push leh?
2021-03-14 22:12
kyy is our mkt power. He powers our mkt into a super bull mode !
All better fast fast masuk to make esi moni !
2021-03-14 22:17
I know KYY's tactics .MY sincere advice DUMP ALL THE KPS AND DOMINAN STOCKS IN THE MONDAY MORNING AS SOON AS POSSIBLE.
2021-03-14 22:26
as to my personal views he is not good hearted sifu. he is self centered and self caring person. i have lost a lot by following blindly. be wary especially the new investors and safe guard your hard earn money.
2021-03-14 22:53
He has posted a similar title in the TG forum. I've commented there that it smells like recruiting members for his latest promotion.
The two tiny cap stocks will be easier to influence than Supermax where many big players are alongside, not to mention indirect impact from other glove stocks.
I read some endorsement comments here. Good luck to all those who knowingly engage in a game of the greater fool, trying to pass your ever more expensive tokens to the next fool.
2021-03-14 23:40
Supermax: My last sermon - Koon Yew Yin <--- Why this old folk still talked alot?
2021-03-15 00:32
Old fox is lonely. Nothing to do except playing poker in Bursa.
He wants excitement in Bursa lah.
I am sure if you all visited his house... he won’t feel lonely and will quit bursa.
My observation of YY behaviour lah.
Come... we pay YY a least one day visit at his house per week. Surely he will not feel lonely anymore after that and will quit bursa. Loneliness is YY sickness for 20 years until now.
How? When do we want to visit YY house?
2021-03-15 08:01
We visit YY three people at a single day per week.
Don’t visit in a big group. Only 3 people will be enough per week.
Show our i3 investors CSR program to YY.
YY will feel touch by our visitation to his house.
Surely YY will not feel lonely anymore and will quit bursa for good.
2021-03-15 08:07
Didnt this old fox said in his 28th Feb article he will not comment on Supermax anymore?
2021-03-15 08:30
Ayoyo ! Uncle spurt venom again. He is trying very hard to depress the share so that he can buy cheap loh! .Uncle don't be greedy lah! aldy super cheap now .P/E less than 3 with strong earning profit . Where to find !
2021-03-15 09:29
Supermax: My last sermon - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Sun, 28 Feb 2021, 6:14 PM
Just remind everyone who forgotten the above
2021-03-15 09:35
When he write like this.
Meaning he could be back in accumulating Supermax shares liao.
2021-03-15 09:56
When one writes about something, he surely has something up his sleeves. So, it is up to individuals to read between those lines and outplay this veteran.
2021-03-15 09:59
don trust him ...kyy recommending KPS ... from 0.265 till 1.3o .. overvalued ,,,once the fish start buying KYY start to sell,,,,
2021-03-15 10:26
XX.Yap just made money in glove stocks last year and thot he is genius and call himself a master...
2021-03-15 10:31
Haha.....looks like all here knowing KYY's tricks ady. Just move on and forget abt this so called "master".
2021-03-15 10:34
For the students of history, you should know:
The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, commodities cycle...
1971 Genting Highlands Opens
2021 50 Years of History and Growth
2009 Global Financial Crisis (GFC)
2020 Covid-19 Pandemic
2009 Year of the Ox
2021 Year of the Ox
2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (high)
2020 Nov RM2.95 (low) to 2021 RM ????
History always repeats itself
Years of downtrend will be replaced with years of uptrend
Genting will once again go on the Super Cycle Super Bull run in 2021 the Year of the Golden Ox
Sincerely,
EMSVSI
2021-03-15 11:04
Genting will go back to it glory days .. fully support ..so many people jobs depending on Genting.. nobody wins at casino....hehe ...
2021-03-15 11:24
KYY sold all Supermax? I guess he will buy back below Rm4 again.
I sold all earlier than him.... Not yet collect back too. Waiting below Rm4
2021-03-15 12:42
New gen analysts don't use EPS as major calculation. Cathie Wood always said there is a flaw in valuation of stocks. Need to take into account growth.
I am an old schooler and my friends always told me to use EPS. I think EPS is something everybody can see and banks don't want these type of people to make their money.
Banks now switched to new type of valuation style. The Cathie Wood style.
2021-03-15 13:29
WAN LAN EH
PUMP JOR
THEN SAY
NOT MY BUSINESS IS SHAREHOLDER IN DILEMMA
WAH U REALLY NOT SCARE KENA PEOPLE CURSE 9 U
LIM PEH OSO SKED
2021-03-15 13:55
ahbah In future, kyy will strike more gold mines again !
Just open our eyes big n wide so as not to miss his display of mkt expertise of striking gold mines in the mkt !
14/03/2021 10:03 PM
===
beep beep beep....waterfish detected
2021-03-15 14:19
So buy or sell now ???...
Really dilemma...
Really lose at the jungle...
Really need GOD of Share to guide us now...
2021-03-15 14:50
ON sun set industry, to be or not to be ,to hold on or not to hold on , that is the question!!
2021-03-16 11:22
For cash rich company, experiencing tight-bottle0 neck dilemma,best time to diversify, for example take up banking, plantation,.. ...etc, etc.
2021-03-16 12:09
It simply means Uncle Koon is quite deeply invested into gloves.
From FA wise one will not expect it to drop till so badly.
From TA wise this could be within expectations but still many traders don't see them till its quite later part.
Ofcourse no matter how we comfort ourself that the company is earning / won't go bankrupt still dropping share price daily isn't fun.
Just imagine it is like dataprep everyday going up then even if you don't sell also you happy and have the confidence cause seeing paper value increasing.
We knows its usually short term and we cannot possibly get the lowest price still dwindling paper loss hurt our confidence and break our hearts.
2021-03-16 14:03
no dilemma at all
Tomorrow I am gonna SHORT TG and Supermax kaw kaW kAW KAW
its very simple
means can short to HELL
2021-03-16 21:52
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failurespecialist
if significate amount of free float share acquired by a group of people, without challenge by other syndicate group, they can easily push up share price(kps or dominant) by circulate trading among themselves. Thus the trading volume is abnormally high. Once ikan bilis tempted, they would slowly dispose their holding, of course in high price.
2021-03-14 17:58