The fall of Kossan, Supermax, Topglove n Harta of last 5-6 days is less relevant to RSS coz RSS in Malaysia is not strong, being restricted to max ; even is selling short, why investors here keep mentioning JP morgan, JP morgan the first brokerage house to downgrade Topglove n Kossan to TP of 3.50 n 3.70-3.80 in last december but doesnt mean until now, they r still shorting the top 4 glove counters.... The fall should be triggered by retail investors n some funds....But Kossan at 3.30already at low level n showing value whereas Topglove at 4.35-4.45, still got room to drop further...

The US market is important for Topglove, Kossan n Harta ; since US banned Topglove to export to US market , the glove market being taken by Harta , Kossan then Supermax... No wonder latest quarter profit dropped so much for Topglove... US should start to ban Topglove to export to USA in Dec 2020 or Jan of 21, not last year Aug-Sepzzx

Many investors don’t like they implement too many times of private placement in last 12-18 months ; the business prospect is good , even though they wanted to expanded their biz , they should stop a while for their private placement... The below average Bursa n SC should limit the private placement to be cap at 15-20% or total outstanding shares for period of 2 years...

Today selling may mean some of the retail investors don’t want the warrants ( ex date is 23 June); whereas the market seems like slow to showed the threats by Delta variant n the rising cases in U.K. n Bangladesh, maybe Spain n Portugal as well ... Many retail investors only want to goreng short term but lack of understanding towards news in the market ... With quarterly profit of 210 million, even though next quarter earn 140-150 million , financial year of 21 still able to earn more than 400-420 mil ... PE of below 3 for financial year 21 n maybe PE of 7-8 for FY2022... The slow to give views brokerage houses maybe too pessimistic after April - May of this year... Recovery in Malaysia n South East Asia will be slow due to not enough supply of vaccines n slow vaccination rate....

Public research is slow to downgrade those glove counters in this month ; while the Delta variant make more uncertainty toward the EU n Asian countries near term recovery.... The TP of 3.60-3.65 by Public is irrational n they r silly to give too many review n TP every 2 weeks ...

Comfort will go up to above 2.35-2.40 after this good quarterly profit... maybe 1-2 weeks time, good for those still holding Comfort ...

The down trend should stop soon due to the Covid 19 cases going up again in Asia. And U.K. with 45-47% people fully vaccinated, cases also gone up to 6500-7000 above recently ; among the top 4 glove counters, Kossan is cheaper than Topglove n Harta n higher value than others. Another advantage is while Topglove n Supermax ASP started to fall in latest quarter, most probably Kossan next quarter profit still higher than the March/ 21 quarter ...

Hiap teck fundamental is improving but the recovery is slow ; dont think latest quarterly profit can be more than 36-38 mil, WC only blow up the sentiment ? :)

Kossan is performing better than Supermax n Topglove in term of maintaining ASP n profit after tax ; the falling of ASP of Topglove is faster than expected, maybe the ban to export to USA market the main factor for ASP to drop so fast ... The current selling pressure for Kossan looks like overreacting...

Steel counters need to take rest n some minor correction due to slow recovery of Malaysia economy ; Eastern steel as associate company of Hiap teck has produced iron slabs n billets n also having iron ore mining which is contributed positively to Hiap teck but Hiap teck only owned 35% of Eastern steel ..

Genting will drop to below 4.60 due to coming quarter should make a loss .... Las Vegas new casino doesn’t generate satisfying operating profit in first 1-2 years...

U.K. style of always loose policies whenever cases dropping n now most experts not sure how powerful the India double mutant variant... Western vaccines maybe just half effective against it ... Europe / EU cases may maintain this level for 4-5 months ...

Brazil variant of P1, U.K. n South Africa new variant then the latest double mutant variant of India ; at least Asia, India , 2/3 of Europe n South America will continue to maintain almost same amount of cases for further 4-5 months .... the excessive of glove being produced should be after May or July of 2022... valuation wise , few glove counters still acceptable...

Hope will drop to below 2.50...:)

Nasdaq listed big technology stocks are overvalued, same to 1-2 dozens of KLSE tech counters... If Nasdaq having correction, for sure our tech counters will drop for more than 2 weeks... be cautious...

Don’t spread fake news ; the big boss is healthy n kicking ....

For glove, compare with last quarter result rather than one year ago result ; it is below expectation due to many investors think Super n Harta should have higher profit ... For Harta n Kossan, many believe their profit will only be peak in next quarter but Harta only posted PAT of 1.1 billion n only Kossan posted above expectation profit ...

Should stop giving out dividend to shareholders la coz without much revenue from Genting Malaysia n Genting Singapore, should post profit after tax of 50 mil n below or even some losses in latest quarter n next quarter..

Go back to below 50 cents soon ? Hmm

HLG is half insane to give TP of RM6 at this Covid 19 rising period .... With the probability of 3500-4000 cases a day again in Malaysia , Genting Malaysia take time to be able to welcome visitors from Selangor n other states... Recovery counters need to take rest or drop more than 15% in near future....

Target price is 1.70 n MSM doesn’t plant sugarcane ; MSM imported 99% of its raw sugar from other countries n world sugar price up, MSM just gain a bit ...

Time to take test for a while for short term investors/ speculators ; Covid 19 cases keep increasing even though media n selling stuffs at TV being affected half half only ...

Israel n U.K. have done the vaccination faster than most countries , it looks like both countries have lower down the new cases to satisfying level ... Next quarterly result, people will know better whether Harta can post something like 50-60% improvement from last quarter n whether Supermax continue to post extraordinary good quarterly profit as last quarter...:)

This counter is boring n with rich valuation.... Even though expanding Family mart sound good news but very rich valuation...

At below 55 cents , no point selling ; the guy had made a lost during 1-2 years ago, it really depends on what was his cost per share . With the news of the company boost up the production of non woven fabric recently n next 2 quarter result should be much better ...

Lukey Greek is correct n he did mention to buy / to hold Kossan before quarterly result out ... He mentioned the high profit is unsustainable also understandable coz ASP will go down gradually ( after Europe n North America speed up their vaccination).... With the current share price of 4.20-4.30, Kossan offer higher value than super n Topglove n Harta.... With the unexpected high Covid cases in India ( even though they consume much less gloves than developed countries) n a bit increase of cases in EU n USA, the glove counters should go up next week....

Those buying DIY, treated it as next Walmart or Amazon of South East Asia ? How a retailer with 600-700 stores being calculated with PE38-42 to get her TP ? Expanding 120-140 stores per year in saturated market as Peninsular Malaysia n per store sales growth should be less than 7-8%.... Worth RM4? Even RM3 is kind of overvalued...

Agree that Genting is overvalued at 4.80-4.95 due to slow recovery in Malaysia n Covid 19 cases r going up in this week n next week ... It is possible to go down to below 4.50-4.60 but not sure about RM4-4.10....

Kossan quarterly profit is unexpected high coz Kossan doesn’t practice the policy of using highest price level to sell gloves...

Am research n HLG r irrational to give target price of DIY at 4.00-4.40; one quarter only earning 100-120 mil n expanding stores rapidly at saturated market .... Security commission should check those research houses which like to give super high TP to big cap listed companies...

Why the below average Kenanga set such a high TP for Press metal ? RM13 ? Kind of irrational n crazy ...

Got to see Covid 19 cases of the US n EU countries still increasing or not ... today already up quite a lot..

Why Aminvest given so high target price wherea Cimb only given 1.22?

But this is not that new IPO, already 8-10 months ... Most probably the top 20 shareholders not yet disposing their shares...

MRDIY is overvalued since above Rm2.90-3.00 but many retail investors think will go up to RM5.... Expanding too fast in this saturated Malaysia .... 600 over stores plus MR dollar another 50 stores ? Amazing , worth more than 24 billion ...

Agree that many technology counters in Bursa already overvalued n wonder why HLG n few more research houses keep giving higher TP to few big cap tech companies.... If Nasdaq facing correction, the technology counters here will drop ...

Yup, Icap journal do mention Taiwan facing quite serious drought since 1 month ago n TSMC needs a lot of water for her chip production... Shortage of chips is one factor, if anything wrong with TSMC, disruption in chip production, will affect the volume of smaller semiconductor companies in Malaysia... I prefer medium term or 1 -2 years short term than trading or goreng for 1 week ... Day trader is even harder to gain unless really good at technical analysis n good at timing ...

The quarterly result is better than other steel manufacturers but the volume into Hiap teck is reducing n the KLCI looks like no momentum to go up since last week, the KLCI may face mild correction in coming week....

Quahsb, U mainly using technical analysis? Wonder why HLG n Kenanga keep giving higher target prices to Unisem every 2 week ... Just like glove counters during last July to Oct , the few research houses keep giving higher n higher target price ....

Steel counters also facing sideways or some mild correction n Hiap teck latest quarter result is good but confidence level of many retail investors is kind of below average..... This counter has many retail investors, need higher confidence level to go up ...

What KYY say after Supermax from 10 dropped to 7 something then this week reach all time low of RM4-4.25...? He still advised the retail investors to hold it or average down ? Many experienced investors should have seen down trend in Nov to early December but still want to boost confidence level of those already bought quite many Supermax or Topglove?

Any investors have idea why the account receivable ( balance sheet) of Eng Tex as huge as RM300 mil ? That is huge for a company with market cap of 300-380 m ...

Agree with snowpiercer that glove industry has low barrier of entry n even though Harta considered as most innovative among glove counters, don’t deserve to use PE of 33-40 to calculate target prices ( pre pandemic period ); besides excessive of production in 2022 after expansion , prices of latex n petroleum by products for nitrile gloves will go up gradually as well ...

Those research houses upgraded n lifted target prices of top 4 glove counters every week during last Aug to last Dec should be one of the main factors that glove counters gone up the super high price level during Sep to Nov of 2020..

It looks like not only Kenanga always giving inaccurate target prices for many counters since 2 years ago ; larger n more reputable research houses like Cimb n HL research also like to give high target prices than last time , from the past 5 months experience of being influenced by local research houses, it really looks like foreign research houses r far more accurate in giving target prices to top 4 glove counters.... :)

Kenanga always giving high target prices n ahead of others without much solid reasons ; how do Kenanga, Affin Hwang , HL research n Cimb to explain the dropping of 4 glove counters since Dec n their target prices continue to be much higher than the current share prices of the glove counters...

It looks like retailers in saturated market like Malaysia still easily can use rich valuation of PE30-32 to calculate target price.... kind of irrational by some of the research houses.... expanding by the speed of 120-150 stores per year, not really good move ..

MRDIY being pushed up by few research houses super high target prices... Kossan after last year extraordinary performance, it is normal to be at range of RM4-5...

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Target price of HLG n Kenanga always ahead of others 4-5 weeks .... These 2 months , HL research become another research house always giving higher target price than others ... RM9.60-10 target price ...... :)