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2021-06-30 17:29 | Report Abuse
Ding3 3.30 lowest closing this yr..huge bearish reversal, tomorrow follow-thru lower
Keep jumping hard 3.3 floor sure crack eventually
2021-06-30 17:29 | Report Abuse
15% higher than prepandemic ASP is negligible to earnings..Too much BS until cannot think str8
2021-06-30 16:34 | Report Abuse
Company practically no cash anymore - all spent on US factory/capex
2021-06-30 16:21 | Report Abuse
Ur unrealistic imagination doesnt matter..be patient & just watch glove market break-down
2021-06-30 15:39 | Report Abuse
If think now is low, wait until Aug QR out..expecting big bust..that time cannot see this price alrdy
2021-06-30 14:56 | Report Abuse
Prev goreng peak 3.85 - went down to 3.3 (55sen drop)
Yesterday goreng peak 3.55 - looks like will see 3.0 soon (nice match 55sen drop)
Dare to goreng downtrend, prepare to get burned
2021-06-30 13:12 | Report Abuse
Desperate glovers only believe anyone that says ASP upupup
TG boss latest say ASP drop to prepandemic, die2 dont believe also..prefer to believe Harta boss comments 6months ago (make ownself feel better)
2021-06-30 12:45 | Report Abuse
Lai lai another run towards 3.3..keep stomping on that floor will eventually break!
2021-06-30 12:14 | Report Abuse
By the time MARGMA say ASP/demand going back to prepandemic level, price alrdy below 2.0
Real data laggard - leading indicators @ lead time/oversupply/covid cases alrdy point to prepandemic ASP
2021-06-30 10:57 | Report Abuse
Glove shortage doesnt mean ASP can remain high..2018/2019 also glove shortage
Shortage is narrowing thats why ASP dropping..once shortage reach 2018/2019 level, ASP also drop to 2018/2019 level
Prepandemic ASP = prepandemic profits = prepandemic share price (65 sen)
2021-06-30 10:41 | Report Abuse
US/UK/EU alrdy done with pandemic (75% glove market)
No more premium ASP/extraordinary demand - profit prepandemic level can only support prepandemic price (65 sen)
2021-06-30 10:21 | Report Abuse
Glove tycoons got nothing to do with share price
Glove biz sustainable even share price 65 sen (prepandemic price)
2021-06-30 09:15 | Report Abuse
Lai lai 3.7 today..dont break supporters hearts, many alrdy topup yesterday
2021-06-29 23:31 | Report Abuse
Back to last friday’s high..will happily welcome new residents of Casa de Supermx chase high nxt week
2021-06-29 19:50 | Report Abuse
Fact is ASP/profits/demand/IB TP all going down
Anyway goreng doesnt look at fundamentals..should have good show tomorrow up/down
2021-06-29 19:26 | Report Abuse
Prepandemic ASP = prepandemic profits = prepandemic share price (65sen)
2021-06-29 18:22 | Report Abuse
Aiyoyo where got Israel cases ever 0..wanna lie also try less obvious lol
No need fearmonger Israel..medical expert alrdy say their hosp/death very2 low
2021-06-29 18:18 | Report Abuse
UOB Kay Hian Malaysia Research has downgraded the glove sector to UNDERWEIGHT from market weight as it fears the moderation of earnings over 2022-23 would drag on sentiment.
In its report on Tuesday, it added that due to the lofty average selling prices (ASPs), the glove makers could revert SHARPER than expected.
Inventory levels in the US are said to have almost restocked to pre-Covid-19 levels, it said.
2021-06-29 18:18 | Report Abuse
Fyi ADRs dont affect MY shares
Anyway slight weakness expected since last week..even without Yoko, still bright future with RWLV..steady strong!!
2021-06-29 17:03 | Report Abuse
Nice exit opportunity for our friends if go up to 4.5 like last year..definitely within my chart range..pray hard tonite
2021-06-29 16:49 | Report Abuse
Last yr rebound from 3.3-4.5..might happen again this year who knows..nice symmetry
2021-06-29 16:12 | Report Abuse
6.4K cases today nice little goreng
2021-06-29 14:13 | Report Abuse
No need fearmonger US..their hosp/death very2 low
2021-06-29 13:56 | Report Abuse
US just 10K cases yesterday
2021-06-29 13:42 | Report Abuse
IntCo still 60% down from this year high
See later case numbers if near 6K mybe can goreng somemore
2021-06-29 12:55 | Report Abuse
Where got US/UK/EU lockdown..no need misinfo
Just enjoy the goreng while it lasts
2021-06-29 11:27 | Report Abuse
Company currently dont have cash for shareholders (all gone for US factory/capex)
Impossible to get observatory TP 3.3 with prepandemic ASP/profits/2x capacity
Must be grossly overestimating ‘present value future cash’..should exclude current 3.9Bil cash b’coz practically gone alrdy
2021-06-29 10:45 | Report Abuse
Unbelievable only TG red..others just holding up by their teeth
2021-06-29 09:52 | Report Abuse
No need fearmonger Israel..medical experts alrdy emphasise their hosp/death very2 low
Looks like 3.3 will take few days to break, last big support..nvrmnd just keep knocking on the floor will eventually break
2021-06-29 09:23 | Report Abuse
Morning trap..just exit opportunity
General public havent see RHB report yet (just issue yesterday)..expectation just 500Mil coming QR gonna be great show in Aug
2021-06-29 08:50 | Report Abuse
Woww RHB downgrade TP from 6.6 to 3.4 (using PE 3-5)
RHB also expecting coming QR only 500Mil profit!!
Either gap down now or wait next QR waterfall..either way, going much2 lower
2021-06-28 22:03 | Report Abuse
Tonee Aiyoyo u see own link - 43/50 US states alrdy lift restrictions..all doing great..US covid cases/hosp/death all down
Enough nonsense about US..find other source to fearmonger
2021-06-28 21:43 | Report Abuse
US open for weeks alrdy - no covid party
UK 80% open for weeks - no covid party
Safe to say will be fine after UK full opening b’coz high vacc rate (follow the data)
P/s: No need fearmonger Australia..they always repeat area-specific lockdown/restriction even detect small cases (today just 30 cases)..So efficient got less than 10 covid deaths in 2021
2021-06-28 21:03 | Report Abuse
No need too complicated..prepandemic ASP = prepandemic profits = prepandemic price (65 sen)
Mid/long term going much2 lower
2021-06-28 18:59 | Report Abuse
Glove demand alrdy down in US/UK/EU
Asia is last major glove market still struggling with covid but should improve significantly by year-end
Once US/UK/EU/Asia (90% glove market) highly vacc, glove demand back to prepandemic level..ASP should sink hard by year end
Prepandemic ASP = prepandemic profits = prepandemic price (65 sen)
2021-06-28 17:15 | Report Abuse
Holding strong..no need hardsell everyday, cannot move price also..just relax wait year end 7.0
2021-06-28 17:10 | Report Abuse
Charles is troller..pjs overly sensitive..soo long still argue aiyoo just get private room dont be nuisance here
2021-06-28 16:58 | Report Abuse
Jengjengjeng lowest daily close..tomorrow can catch-down kossan 3.2
TG 4.23 - Supermx should be 3.23
2021-06-28 16:33 | Report Abuse
No buyers at all..big funds not touching, just sharks/bilis in the pond
Now every small rebound just trap..dare to goreng, prepare to get burned
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2021-06-30 21:53 | Report Abuse
Walao apologies to pjs, looks like 15% higher ASP does give 2x profits
Anyway, 2x prepandemic profits = 2x prepandemic share price (1.30)..still very2 OVERVALUED
* Fyi ur calculation for 15% higher post-pandemic profits (only deduct 25% tax) is wrong/overstated
**There are generally 3 types of costs - manufacturing/operating/tax
*** The additional 15% higher ASP isnt subject to manufacturing cost (still producing same amount of goods), but still liable for operating costs+tax (u only deducted for tax)..should also discount operating costs % as well