This volatility is very similar to few weeks before inclusion of shariah index. history will liley repeat again.

Soon glove stocks will be immune to half baked and unapproved vaccine without proper testing on the safety and no healthy persons dare to take.

All these just excuse for hedge funds to buy cheap prior to admission to MSCI index and play swing trade.

As for Kossan results, it is no exciting as compared with Supermax, bonus issue is a good news though.

Trump will screw up US health care system because of his selfish election strategy. Who dare to take this half baked vaccine? Big funds are happy to manipulate glove stocks and other health stocks make money...

Same story again... vaccine... funds need to shake another round of poor retail investors to buy cheap prior to inclusion of MSCI? History repeat again, big drop then big rebound.

H1NI got effective vaccine after so many years?

Why drop so much today? Same story again... vaccine... funds need to shake another round of poor retail investors to buy cheap prior to inclusion of MSCI? History repeat again, big drop and big rebound.

Many companies also report poor results due to MCO. As long as not loss should be ok. Petronas chemical dropped by 63% today dropped slightly only. Half year EPS = 3.14(Q2)+5.57(Q1) = 8.71 sen.

uptrend... will slowly increase till bonus issue.

Very disappointing results due to covid 19. Just don't know when can recover from covid. Dividend also all time low. They should give slightly higher dividend eg 8-10 sen given high cash balances if they expect business to recover. Very stingy. Only medical related stocks like glove is doing well.

Tomo Spore Top Glove is trading. SGX is easier to goreng as volume is smaller. Let see how Top Glove SGX tomo...

I am happy to see harta and kossan dropping as their earnings not justify that kind of valuation but not Super and TG. Also Careplus as they are small OBM which maybe acquired by one of Big 4 who know. A lot of papers like the Star and the Edge will say bubble, bra bra bra... like they did recently...

Now only TG is green. Super, Harta and Kossan drop again...

Gpacket is con man company. Its founder, Pua only knows goreng stock, raised funds for his own other than managed the company properly to create value, then retail investors all lost until underwear...

Very creative view,haha

-----------------------------------------
sunshine99 today many reported MC.
they are vampire, they only come out when see red. when green, they will hide in their cave




Andreatan rr88 and poseidon80 will come out to leave comments again once the share price starts to plunge. And pretending that they can foresee the future.
Talk as though they know what is going to happen in the future.

Share market get affected externally and internally. It is hard to predict when will the share price go up or go down. Shares price do not reflect the real value. And it’s based on human behaviour.

That’s why back in the university time I studied behavioural finance.
18/08/2020 5:48 PM

Some will only appear when price dropped lah...

We should be grateful that freetospeak sifu still in this forum. I am not in private forum also as i only see i3 monday and not every day in see i3. Sadly, this forum only left naysayers. Careplus does not so many naysayers...strange

The buying were so strong. i queue careplus and comfort also cannot get. Tomo sure will go up again for Supermax and TG. Surprised, careplus forum does not have so many naysayers as in Supermax...

Tomo sure will up again as Careplus and Comfort limit up...

Tomo will have another jump again as careplus and comfort limit up...

Today engine just started after this round of washing which see price dropped by a staggering 30%, more to come..

newbees come here will not get much good comments as this forum only left majority naysayers...

I have said yesterday it will strong rebound very soon. This forum left only naysayers except freetospeak who shares here. The rest are in private chat...

Now US and Euro mkt goreng vaccine company stocks. Do you believe vaccine really works within such a short space of time? You dare to be vaccined?

Excuse for today sell down is windfall tax by Maybank IB? Top Glove drops the most due to its highest profit, followed by Super? All bad news should have come up, then what?

Rest for a while lah. Naysayers no need to keep spreading fears non stop. At this price, sure will recover soon.

https://koonyewyin.com/2020/08/17/covid-19-vaccine-will-not-reduce-demand-for-gloves/

Global funds are shifting their portfolio to health care stocks. They have to buy Malaysian glove stocks esp Supermax which will be included in MSCI by end of this month. But they also wants to buy cheap. They have to wash out those bought earlier and latter so that they can collect cheap...

Warren buffet sold all his Airlines shares in April 2020 because he saw there is structural and mid term change that Covid is going to bring. Now we cannot see the end of Pandemic in sight yet even got vaccine if only 50% effective...

------------------

freetospeak those fund manager world wide will hav already known that...they will run into glvoes n health care...warren buffet unload bank...many shifting of portfolio to incorporate gloves n healthcare worldwide which indicated a structural shift...this is an indicator of international fund flow..

freetospeak dun shake by vaccine news.

wrong brain wash by media:

VACCINE = END of GLOVE DEMAND... THIS IS FALSE BRAINWASHING BY MEDIA.

I can tell u

Appearance of Vaccine = increase demand for more gloves.
Complete Vaccinationa of whole world = minimum 3yrs of elevated demand for gloves.
Control of pandemic annouced by who = minimum 3 yrs from now.
Stock piling of PPE for strategic resource = 1 to 2 more yrs of elevated demand for gloves.
Total expected high demand for glvoes 4 to 5 yrs.

No elimation for Covid is expected. So 3-6 mths PPE storage for everycountry will be ongoing forever.

Possible another outbreak of flu virus withiin these 5 years n beyond.
Glove stock is now an essential hedge in every funds portfolio.

big funds bought enough already... That is why recovering

Selling is over. Recovering now...

A lot of uncle, aunty, newbies kena washed out this round. Big funds laugh all the way to the banks latter.

Henry8833 I am selling banking stocks to buy more glove stocks. Current price is very attractive for Super and Top Glove

freetospeak well said. Warren buffet sold all his Airlines shares in April 2020 because he saw there is structural and mid term change that Covid is going to bring. Now we cannot see the end of Pandemic in sight yet even got vaccine if only 50% effective...

------------------

freetospeak those fund manager world wide will hav already known that...they will run into glvoes n health care...warren buffet unload bank...many shifting of portfolio to incorporate gloves n healthcare worldwide which indicated a structural shift...this is an indicator of international fund flow..

freetospeak dun shake by vaccine news.

wrong brain wash by media:

VACCINE = END of GLOVE DEMAND... THIS IS FALSE BRAINWASHING BY MEDIA.

I can tell u

Appearance of Vaccine = increase demand for more gloves.
Complete Vaccinationa of whole world = minimum 3yrs of elevated demand for gloves.
Control of pandemic annouced by who = minimum 3 yrs from now.
Stock piling of PPE for strategic resource = 1 to 2 more yrs of elevated demand for gloves.
Total expected high demand for glvoes 4 to 5 yrs.

No elimation for Covid is expected. So 3-6 mths PPE storage for everycountry will be ongoing forever.

Possible another outbreak of flu virus withiin these 5 years n beyond.
Glove stock is now an essential hedge in every funds portfolio.

Not only glove lah...Big funds use this as an excuse to press down glove stocks so that they can collect cheap ahead of good results next quarter and inclusion of MSCI, bonus shares etc. Glove stocks are not affected by weak GDP. Covid 19 pandemic is still very serious...


https://www.theedgemarkets.com/article/bursa-decliners-near-1000-investors-weigh-malaysias-worst-quarterly-economic-performance

Mkt will soon immune to fate/ineffective vaccine news...

https://www.theedgemarkets.com/article/russias-sputnik-vaccine-gamble-all-about-vladimir-putin

Today stocks drop across the board lah, not just glove stocks. Cannot every day up one lah. They must have people wanted to take profit, some funds what to buy cheap (esp now inclusion of MSCI etc).

Today mkt drop across the board, not only glove stocks lah. Funds happily press down share price supermax so that they can collect cheap from those fearful sellers as they have to buy as part of their MSCI Global portfolio.

Today can see blood already esp contra players, call warrant players etc. When this happens, recovering will be imminent as Covid cases still up around the world. US test less and this worsen the situation in USA. Brazil ceased reporting cases. Spain, Australia, NZ on locked down again..

How to drop continuously... Next 2 quarters, supermax will easily has RM 3 billion cash in hand...

Supermax should also spend RM 50m to buy back its shares, then it will be a boost to its share

https://klse.i3investor.com/blogs/gloveharicut/2020-08-12-story-h1511677631-TAN_SRI_DR_LIM_WEE_CHAI_spend_more_than_RM50_million_to_buyback_TOPGLOV.jsp

Supermax should start buy back their shares if they find undervalued. This will give good boost to the share price. Come on Superman, be leader. Top Glove Lim already bought his shares...

Super should buy back again their shares as they have so much cash. All shareholders will be happy...

Still premature to say party over. New norm and life will never be the same again after this covid 19. Agreed with freetospeak Supermax OBM-x view. More research house will upgrade Supermax after they digest Supermax results.



Top Glove could touch RM77.60 per share in bull scenario — Citi

KUALA LUMPUR (Aug 13): Top Glove Corp Bhd’s share price could reach RM77.60 in a bull scenario, according to Citi Research, as the group is poised to raise prices and capitalise on strong demand for gloves, given the group’s large manufacturing capacity.

In a note on Tuesday, the research house reiterated that Top Glove is “a clear winner” by virtue of it having the largest capacity, allowing the group to lead the pack in raising glove prices.

“Capacity-wise, the group also has the most near- to medium-term capacity coming to absorb pandemic-driven demand; our bull-case valuation of Top Glove is RM77.60,” said Citi, which has a target price (TP) of RM48.10 and "buy" rating for the glove manufacturer.

It said Top Glove’s inexpensive but effective products are benefiting from a surge in demand, putting it in a good position to absorb additional orders.

The demand-supply imbalance has enabled the group to aggressively raise its average selling prices (ASPs), which it said could drive “an unprecedented margin and earnings upcycle”.

On the other hand, the group’s share price could fall to RM16.50 in a bear scenario, with key risks including a sharper-than-expected decline in ASPs when Covid-19 de-escalates along with sharp volatility in raw material costs and the ringgit.

Oversupply is also a risk as industry players may decide to accelerate capacity roll-outs amid strong demand, followed by the entry of new players, said Citi.

The research house also maintained its "buy" calls for Hartalega Holdings Bhd (TP: RM26.70), Kossan Rubber Industries Bhd (TP: RM16.60) and Supermax Corp Bhd (TP: RM24.90).

It said Hartalega is a relative laggard in terms of share prices and that the consensus is still underappreciating its revised ASP guidance.

For Kossan, while its share price has doubled since July, Citi still sees further upside due to the company’s guidance for aggressive July and August ASPs as well as further price hikes as the group moves closer towards market levels.

Kossan also has two new plants to be built in the near term, which will allow it to capitalise on strong demand.

Supermax is seen to be one of the biggest beneficiaries, given its own brand manufacturing (OBM)-centric and manufacturing-cum-distribution business models.

“Being closer to end-markets via its seven distribution centres globally has and will continue to allow the group to capture the bulk of significant ASP increases at both the manufacturing and distribution levels, resulting in a faster and more aggressive ASP trend,” said the research house.

At 12.30pm, Top Glove had risen 26 sen or 1.06% to RM24.76, giving it a market capitalisation of RM67.04 billion.

Hartalega rose 38 sen or 2.36% to RM16.50, with a market value of RM56.56 billion.

Kossan was 12 sen or 0.79% higher at RM15.22, with a market cap of RM19.47 billion.

Supermax surged 64 sen or 3.39% to RM19.52, bringing it a market value of RM26.55 billion.




https://www.theedgemarkets.com/article/top-glove-could-touch-rm7760-share-bull-scenario-%E2%80%94-citi

Price is under consolidation and funds will want it to low so that they can buy before inclusion in MSCI end Aug 2020. Just like previously super included in top 30 Syariah Index.

https://www.theedgemarkets.com/article/klci-056-line-regional-gains-supermax-and-kossan-rise-inclusion-msci-global-standard-indexes

Super just included in MSCI Msia and will be included in KLCI soon. More and more funds will be buying and valuation and business will never be the same...

https://app2.msci.com/eqb/gimi/stdindex/MSCI_Aug20_STPublicList.pdf

Out of Top 4, only Supermax and TG are still undervalued, esp Supermax OBM model.
Harta and Kossan are overvalued. If there is bubble, it is always Harta and Kossan and most of second liners like Comfort, HLT etc



I agreed with below views by freetospeak and Probability


Good point CiA Agent @probability...


probability EPS of Super is 5 x times higher than HARTA for the same quarter ending June 20'

Supermax has double the layer of margin with OBM

The margin edge that Harta had with AMG, Super has it twice the strength with OBM

Harta is dependent on U.S for 40% of its revenue.

Supermax has established its network worldwide, Canada, Japan, Brazil and growing....

Even if you use Harta's pre-covid price of 5.5, Supermax share price should be worth 27 plus now...

Cant Supermax earn 6 x Harta's pre-covid eps of 3 cents per qtr with its increasing capacity going forward when the pandemic is over?

Thats just 16 cents per qtr to justify RM 27 with Harta's pre-covid PE
12/08/2020 9:01 PM

Stock: [SUPERMX]: SUPERMAX CORP BHD

Aug 12, 2020 9:17 PM | Report Abuse

I do not know when the pandemic will end. But i know the profit for gloves company will not drop due to pandemic over.it will be sustained by growing capacity and a higher post covid price than precovid.those who imagine the asp will drop bak to precovid level doesnt know how the glove market pricing works. Jus giv a easy example.if super hav 50 billion caps by 2022, it only need 10 sen margin per gloves it can get 800 to 1 billion profit each qtr . 10 sen profit is only usd 50/k.

Do u think supermax cannot sell more than usd50 post covid? B4 covid distributor in us is selling above this price for your info. So thats the reason super is building 5 plant at once. If u hav eliminated all agent n middleman. Super is already the king of obmX.

Like i said Russian mana boleh pakai. Russian girls ok lah...

Is obvious that stupid Russian vaccine is used to pull down the price so that funds can collect cheap. Super is included in MSCI and funds have to buy and add in their portpolio..

Let them vaccinating million with useless vaccine. During the vaccinating, they will use glove also. More consumption without actually contain the virus. What a sad thing...

BERLIN (Aug 12): German Health Minister Jens Spahn on Wednesday said Russia's Covid-19 vaccine had not been sufficiently tested, adding the aim was to have a safe product rather than just being first to start vaccinating people.

President Vladimir Putin announced on Tuesday that Russia had become the first country to grant regulatory approval to a Covid-19 vaccine after less than two months of human testing.

Moscow's decision to grant approval before final trials have been completed has raised concerns among some experts.

"It can be dangerous to start vaccinating millions, if not billions, of people too early because it could pretty much kill the acceptance of vaccination if it goes wrong, so I'm very sceptical about what's going on in Russia," Spahn told radio broadcaster Deutschlandfunk.

"I would be pleased if we had an initial, good vaccine but based on everything we know — and that's the fundamental problem, namely that the Russians aren't telling us much — this has not been sufficiently tested," he added.

Russian vaccine is obviously an excuse for funds to wash out retail investors. Russian vaccine can be used safely? You dare to use? Russian girls ok lah but not Russian vaccine...

Look like many people lost money...

Harta latest quarterly profit only RM 200m vs Public Bank RM 1.3 billion. But its market cap almost equal to Public Bank??? How to justify its current price? Let say it increases double again next quarter ie RM 400m, still very far from PBB RM 1.3 billion profit...

Don't chase Harta price...

This is good news. Any one can verify?

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KFKF This evening msci will probably revise the list for index composite. Supermx will be included. Price may expect up after announcement.
12/08/2020 2:50 PM