I mean Supermax!

Sell to me!!!! Gloves got RM2 billion plus in CASH! They can do any other business while other companies are bleeding..

My thoughts are that we should not underestimate the extent of the panic selling tomorrow. Auntie and uncles will dump. Today many chased high too and they will dump. I doubt it will hold at 9. But 1-2 days, really will sink in that there will be many more months before vaccinations and moving on to normal life

Dr Gottlieb, former FDA chairman and Pfizer board member himself is saying that vaccine is a 2021 event.

https://www.cnbc.com/2020/11/09/dr-scott-gottlieb-pfizer-covid-vaccine-wont-help-immediately.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Enough fearmongering glove shareholders on vaccine news. Its an old trick. Go find a new one. We know vaccine and gloves are categorized as “healthcare counters”. Vaccine is a positive news for gloves as the demand will be greater when vaccine is rolled out in 2021 (best case scenario). So gloves will enjoy supernormal profits until end of 2021 at the very least

EPF will buy Kossan but not Supermax though Supermax’s PAT and Margin is superior. How are they even in good conscience invests our money. Previously it was said it is because Stanley’s case but with the acquittal i wonder what is their excuse now

Budget jitters. Went down after Anwar threatened won’t support Budget.

The Sinopharm or any China vaccine would not get the nod from western countries. They have a ego issue at play. The westerners, who are suffering the most currently will wait for vaccines from Astra Zeneca, Pfizer or Moderna. Most countries now are opting for Covax initiative under WHO. Pretty sure WHO will run a stringent test. Looks like vaccine race is up for grabs. And again, vaccination will push the glove demand even higher. Just that, how many people would actually want to be guinea pigs to get vaccinated. Would you or you rather wear a mask?

No windfall tax but one off payment of RM400M in gloves and vaccine fund. Shared between big 4

So the amount is a small amount if shared among big 4.

No windfall tax but one off payment of RM400M in gloves and vaccine fund. Shared between big 4

Back home, eventhough CIMB has set TP13 much earlier, it came up with it again today for a obvious reason. Maybank IB released report about windfall tax yesterday. By reiterating the TP, CIMB basically saying they don’t agree with Maybank. Who is more accurate bearing in mind the current Minister of Finance was from CIMB. Make your own conclusions.

Market is up because it is expecting a convincing Biden victory. This is because the House is controlled by Dems. If Dems also control Senate and White House, the stimulus bill will be easier to pass. Bear in mind the Dems wants a bigger stimulus. That was why Pelosi and Mnuchin could not agree to it earlier

After tomorrow once elections are over with a clear winner and our Budget gets passed without windfall tax, we shall see. IBs have to use ‘bad’ sentiment to press down to avoid paying a bomb for call warrants. Once sentiment recovers, they need to make money too.
What else can you invest in Bursa?

Dow Futures up 400pts

https://www.theedgemarkets.com/article/clinical-waste-20-due-covid19-says-minister

Truth of the matter is no one can predict the market. Up until today afternoon everyone was bearish about US Market due to the elections and now the futures are up 400pts for Dow. Not many would have expected Dow to turn positive before fhe results is out. So, have your own trading strategy and stop pretending to be a fortune teller. Market is unpredictable; period.

MARGMA has clearly said that they were not consulted by government. Taxation is complex. There can be no way government will impose additional taxes without consulting industry players. They need to understand the business first. They wont kill the golden goose.

Read the report properly and not just the headline. Maybank Kim Eng is just speculating comparing plantation sector which had base CPO price. Windfall tax will have no base price as companies price their products differently. Read RHB Report which says that windfall tax for gloves is not likely.
The motive of this report from Maybank is clear. Just speculate and cause more fear leading for retailers to sell. If retailers can make money on their own, what is the need to have highly paid IBs