Anyone know hang until when? Want to buy back cheap for TG and Superman.....

Top glove makes history today..... making bursa hang after resumed trading...

because of top glove?? After top glove resumed trading, system hang...

i am of the view that the correction will be over by today or tomorrow...

Catalyst to move superman higher

1. Above expectation quarter result to be announced very soon.. results should be far better than Hartalega
2. Analyst upgrade of TP
3. Record high Covid 19 in US, Brazil, India... far from over

In KYY blog, he said OTB will buy back... Let see when he buys back loh...

KYY has not sold yet.... He is still promoting Superman and Comfort.

Thank you freetospeak sifu... Some of the interesting figures to do homework....

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

Henry..tp depends on qtr 4 result. Heres some reference.

1.80 with profit 30 million (QTR 2)
rise to
4.30 with profit 71 million (QTR 3) 2.38x
rise to
16.00 with expected profit 71 x 3.72 = 264 mil (QTR 4) 3.72x

18.00 with expected profit 71 x 4.18 = 297 mil (QTR 4) 4.18x

20.00 with expected profit 71 x 4.65 = 330 mil (QTR 4) 4.65x

22.00 with expected profit 71 x 5.11 = 363 mil (QTR 4) 5.11x

24.00 with expected profit 71 x 5.11 = 396 mil (QTR 4) 5.58x

26.00 with expected profit 71 x 6.04 = 429 mil (QTR 4) 6.04x

28.00 with expected profit 71 x 6.51 = 462 mil (QTR 4) 6.51x

30.00 with expected profit 71 x 6.97 = 495 mil (QTR 4) 6.97x

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LONG TIME NO RECAP !!!! DO A RECAP FOR MY EARLY PROJECTION IN MAY.

jan feb mar apr may jun
OBM price 90 98 105 97.67 110.00 130 150 130.00
OEM price 20 30 40 40.00 70.00 85 100 85.00
average 68.83 107.50

Revenue for QTR 3 447,247.00
cost 351,970.00
PBT 95,277.00
PAT 72,411.00

OBM sales @ 40% 178,898.80
unit sold to OBM centre 1,831.73

OEM /OBM distributor sales@60% 268,348.20
unit sold to OEM 6,708.71
total unit sold for OBM + OEM = 8,540.43

QTR 4 (based on OBM/OEM model)
OBM sales @ 55% @ USD130 ASP 610,640.98
OEM sales @ 45% @ USD 85 ASP 326,671.57
total 937,312.56
cost 351,970.00
PBT 585,342.56
PAT 409,739.79
eps 0.315

QTR 4 (Based on Average model)
ave unit sold 6,497.54
NEW sales 698,485.02
Cost 351,970.00
PBT 346,515.02
PAT 242,560.52
eps 0.19

PAT 242,560.52 - PAT 409,739.79 range. AVG RM326mil PAT :)
Not considering increase volume at max capacity

Superman price RM 15.80 is catching up Harta RM 16.18...

freetospeak, what is your target price to sell? Kyy is still in Supermax and Comfort, OTB and Charles i think they sold all, as they very quiet. Hng33 on board again..

I initially sold all yesterday morning, but afternoon hand ichy bought back at around RM 13 during sharp correction. I am on board again with smaller investment in Superman.

https://www.theedgemarkets.com/article/hlib-ups-target-price-top-glove-rm3131-hartalega-rm2012

Hong Leong IB, the most conservative banks other than PBB also revised up Top Glove and other glove stocks. Hong Leong IB cap price for margin financing is RM 12.24.

This adjustment or profit taking will take few days for it to settle down...

Mkt rumour is that IBs adjusted downward margin finance again...same old tactics

I will hold tight my new batch bought yesterday during pullback at RM 13...

If this quarter result out which is expected to far exceeds expectations, IBs will upgrade the price again...

Mkt correction is mainly due to reduction of share margin financing by some IBs again. It is healthy correction. OTB gang take profits do not mean they will not buy back at right price when correction over. I also sold yesterday morning but bought back when it dropped to RM 13+... A price too attractive to buy back...

freetospeak sifu still here. I think freetospeak is one of the most knowledgeable sifu for glove. Thank you for all your sharings here. I sold all (my last batches) today morning.

When price price dropped to RM 13, i hand itchy and bought some again as it cannot be lower than RM 13 again. This is my free shares.... Supermax will never be the same again after this pandemic due to its OBM model, an only one vertical integrated (like QL) glove maker in the world. It deserves higher PE and should overtake hartalega...

Superman today traded value is a whopping RM 1.3 billion. Do not bother whether KYY or anyone sell or not as even KYY is ikan bilis like us(as someone said earlier). Big local and foreign funds are in this share...... Set your target, after earns enough, just left ....

I am interested to see its OBM model, good vertical integration, how much valuation will investors give in next few quaters?

freetospeak is good sifu here...

I think some already sold like Charles etc as they are quiet...I also sold all and just now buy back some at RM 13.50 for trading only. Interested to see the results and upgrade from analyst...

OTB sifu also very quiet...

How about freetospeak? Are you still with us?

System hang... due to your computer or internet lah. Time to upgrade your computer to 16 ram and good internet...I am not able to grab RM 12.60 as it rebound too fast... Use gamer laptop or PC should not have this problem...

Mkt should starts give Superman higher OBM valuation as it is good vertical integration like QL vs OEM like Kossan and Harta...

Superman now become taikor...Still can buy on weakness like today lah... I sold all in batches starting this week RM15 till today RM17+ and buy back some at RM 13.5-14.00.

This coming quarter results will surprise many, and IB will revise the TP again... Just my humble view...

traders can make some profit....

Whether kyy sold or not it will not affect lah as KYY is also ikan bilis as some one mentioned before... Now is trend reveal, where got stocks going up every day...

trend reversal...

Wow, very strong closing. Must have been making more than RM 300m profit this comming quarterly announcement...

https://www.theedgemarkets.com/article/us-sets-oneday-record-more-60500-covid-cases-americans-divided

Supermax should thank Trump stupidity in handling covid 19.... another record high in US.

China govt is doing far better than US...

fantastic info. Sure quarterly net profit will far better than Hartalega. Maybe can beat Top Glove leh

https://koonyewyin.com/2020/07/10/supermax-investors-must-be-more-observant-%ef%bb%bf/

sigh, this KYY kena margin calls few times also not worry and encourage people to use margin...

Luckily he is ikan bilis in Supermax as mkt cap is very big, otherwise his gang kena margin call again will cause price to drop like water fall....

OEM manufacturers supply to distributors at lower price and i think this price hike Top US distributors make the most rather than stupid OEM manufacturers like Harta and Kossan. Both cannot report good increased in profit than Superman...


https://klse.i3investor.com/blogs/gloveharicut/2020-07-10-story-h1509856694-SUPERMX_ANALYST_BRIEFING_SLIDES_3Q_2020_RESULTS.jsp

Harta and Kossan they cannot sell at high price as they are OEM, like Comfort. They don't have pricing power. Superman and top Glove have offices in US, UK, north America and many countries etc. They have better bargain and pricing power.

I sold few lots to take profit and still hold big amount of shares. Price still very firm, after slip pullback, price rebound again...

For sure result will be out very very soon and very very good. My concern is just stupid Harta n Kossan also goreng up... This is goreng mkt already and will become bubble... Once Harta and Kossan result out and not within expectation, price will drop like waterfall. In comfort agm, we already knew from directors that OEM price cannot increase so much, just little by little USD10, because they are just manufacturer. They don't have control on pricing. Supermax is OBM, difference animal...

This forum have over 30 naysayers. They should go to Kossan and Harta forum to create fear as both are overvalued (just my humble view) as they cannot post superb results as Superman. Price may drop like water fall after results of Kossan and Harta out and will pull Superman and Top Glove also...

Stanley gives more vitamin M to acc staff can out tonite lah. Superman makes so much money....

Kossan and Hartalega results will not be as good as supermax... that is for sure. Once their results out latter, will pull down glove stocks if both shares continue to run... These 2 shares should not be running... otherwise will be another clash...

Likely result out very soon and very good...

closing 12.18, 12.28 or 12.38? Both are good number also

something on? Result out today?

I think closing 11.88

Likely they are reporting quarterly result early, which will outshine Harta...

Only stupid EPF buying Kossan.... EPF members should write email to protest? Perhaps they don't understand OEM and OBM...

Kossan OEM how to compare with Superman OBM.

Kossan, Harta OEM, Manufacturer to Middle man then to consumers, Middle man made half, kossan made half or slightly more( any sifu can share? )

Superman OBM is manufacturer to consumers.

Solute to sifus who spot Superman OBM model much earlier like freetospeak, OTB etc
KYY only starts recognizing Super recently as he bought more comfort than Superman..

Superman became the first OBM (own brand manufacturing) latex glove manufacturer in Malaysia when it launched its first brand, Supermax.

At least KYY starts selling value of OBM of Superman( though a bit too late, some sifus here already see it much earlier, solute) as now his articles are all on OBM.

Supermax in KLCI, possible as will they allow too many glove stocks in 25 blue chips CI, now already have TG and Harta?

Market starts recognizing better business model of OBM of Superman, they are like QL with integrated business from farm to consumers. That is why QL has good valuation vs Leong Hup. Supermax OBM from manufacturing to consumers. TG, Kossan and Harta OEM, from manufacturer to middle man, then consumers.

Our not so efficient market starts recognizing the advantage of Superman's OBM model. Superman is playing catching up. If hartalega valuation is RM 50billion, superman should have at least RM 25 to 30 billion...

When dust settled, will add some slowly below 70 sen

Likely to close at RM 10.88.... slow and steady better. Volatility of glove stocks are reducing, which is good sign....

One possible reason EPF not buying Supermax since march 2020 (earlier i not sure as not following) due to Stanley image also, got charged insider trading, wrong politics etc...