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2021-06-11 21:16 | Report Abuse
ASP gonna drop 90% & share price gonna drop 90% (from peak)
2021-06-11 18:13 | Report Abuse
New low closing on daily & weekly..super bearish!!
2021-06-11 17:07 | Report Abuse
Overall another green week compared to last Friday (5.06) @ 4th green week in a row..Happy weekend GenT warriors!!
2021-06-11 17:05 | Report Abuse
Weak closing..fengshui not good mybe b’coz billg change side or serba bad energy come here
2021-06-11 15:02 | Report Abuse
False alarm, goreng cancel..cases up but stagnant
2021-06-11 14:42 | Report Abuse
6.8K cases today!! Chance to goreng??
2021-06-11 14:20 | Report Abuse
Lol investoz44 caught lying..these scammers everyday say buy with monopoly money
2021-06-11 12:33 | Report Abuse
Boring morning..just normal 2%-3% down
2021-06-11 12:06 | Report Abuse
Fyi next week is last under KLCI premium(only 6 months in klci soo sad)
June 21 effective kickout, another round of selling
2021-06-11 11:53 | Report Abuse
Morning show over..wait evening covid numbers mybe can support price
2021-06-11 11:31 | Report Abuse
Aiyoyo as good investor/biz owner, where got sensible to buy when price overvalued
Mergers/acquisitions all done when undervalued
2021-06-11 11:17 | Report Abuse
Div earned cannot compensate capital loss, esp for glove with downside potential mybe 50% more
2021-06-11 10:58 | Report Abuse
Keep urself long term..make loss only
2021-06-11 10:45 | Report Abuse
When this drops to 2, thats 85% drop from peak @ among biggest drop in history for big cap stock
Hodlers can tell their grandchhildren - grandpapa was part of ‘that’
2021-06-11 10:35 | Report Abuse
No one asking to cutloss..just pointing out data & further downside potential
Hodlers prepare for more pain..others just stay away unless short term sniper trading
2021-06-11 10:21 | Report Abuse
Every year got glove shortage but that doesnt mean ASP can maintain high
B’coz overproduction, 2022 shortage expected even less than 2019
2021-06-11 10:20 | Report Abuse
Info from MARGMA:
2018 - 12Bil shortage (shares 50 sen)
2019 - 40Bil shortage (shares 65 sen)
2020 - 100Bil shortage
2021 - expected shortage 80Bil(Glove shortage/ASP alrdy dropping)
Global demand 2022 480Bil
MY production 2022 320Bil
IntCo production 2022 130Bil
2022 glove shortage 30Bil - even less than 2019 shortage 40Bil..havent include production from EU/Thai
2021-06-11 10:11 | Report Abuse
TG is biggest market player so deserves higher PE compared to Supermx
But PE not indication of fair value..both TG/Supermx also going down
2021-06-11 10:09 | Report Abuse
Trust what fundamentals can support current valuation??
Shorter lead time, lower ASP, oversupply, normalise demand..all pointing towards pre-pandemic profit levels
2021-06-11 10:00 | Report Abuse
Basically hammered str8 down from 5.0 until now 3.75
Past 15 trading days, only got 2 small green days
2021-06-11 09:37 | Report Abuse
Nice early breakdown..made new low & going lower
2021-06-11 08:52 | Report Abuse
Have a feeling big move coming today..lets finish the week strong!
2021-06-11 00:19 | Report Abuse
Company no more cash outstanding for shareholders
3.6Bil alrdy set aside for US factory/capex & 300Mil for payout div 13 sen (3.9Bil cash all gone)
2021-06-10 23:45 | Report Abuse
Everything other than gloves look attractive
Supermx going to fall soo hard & remembered in history among those that take years/may never ever recover
2021-06-10 22:53 | Report Abuse
U think US factory no need use money issit?? Ofcos need deduct from cash balance
2021-06-10 22:08 | Report Abuse
Company no more cash outstanding for shareholders
3.6Bil alrdy set aside for US factory/capex & 300Mil for payout div 13 sen (3.9Bil cash all gone)
2021-06-10 21:35 | Report Abuse
Aiyoyo where got undervalue..do comparison enough:
1) ASP dropping 15%-25% mentioned in latest QR
2) Info from MARGMA:
2018 - 12Bil shortage (shares 50 sen)
2019 - 40Bil shortage (shares 65 sen)
2020 - 100Bil shortage
2021 - expected shortage 80Bil
** Glove shortage/ASP alrdy starting to fall
3) Global demand 2022 480Bil
MY production 2022 320Bil
IntCo production 2022 130Bil
2022 glove shortage 30Bil - even less than 2019 shortage 40Bil..havent include production from EU/Thai
4) Summary: With lower shortage in 2022 than 2019, only logical ASP return to pre-pandemic level
5) Given ASP back to pre-covid level, future profits can at most double pre-pandemic level as capacity doubles
6) With such low future profits, Supermx is definitely OVERVALUED as share price heads towards pre-pandemic levels
P/s: Pre-pandemic price is 65 sen
2021-06-10 18:27 | Report Abuse
Go to Genting forum to promote..this is Supermx forum
2021-06-10 17:09 | Report Abuse
Looks like meeting some upper resistance..nvrmnd just keep knocking on the door & will eventually break
2021-06-10 16:34 | Report Abuse
All gloves giving back yesterday’s gains..very bearish signal
2021-06-10 15:14 | Report Abuse
Only 5.6K cases today..not enough to goreng
MY glove usage less than 1% global demand..lockdown extension means cases drop faster = share price drop faster
2021-06-10 15:10 | Report Abuse
Walao dont dream 15% future div yield
2021-06-10 14:40 | Report Abuse
Nice TG selloff from 4.94 to 4.82..bilis never learn always chase high
2021-06-10 14:38 | Report Abuse
No need fearmonger about UK..even cases up, hosp rate still very2 low
2021-06-10 13:03 | Report Abuse
2019 prices adjust after share split:
Supermx @ 1.5/2 = 75 sen
Tg @ 4.5/3 = 1.5
2021-06-10 12:36 | Report Abuse
TG afternoon late selloff all turning red..really trap early morning
2021-06-10 11:21 | Report Abuse
MIDF cut its target price (TP) to RM5.73 (from RM8.29).
MIDF is forecasting Top Glove to make RM2.47 billion for FY22.
** TG’s Q1 for FY22 starts Sep-Nov 2021..which means MIDF expecting TG average 600Mil/qr by year-end!!
2021-06-10 11:09 | Report Abuse
Anyone that waited 6 months for lower lead time/ASP/volume to materialise in QR b4 re-evaluating their glove position now become huge bagholders
2021-06-10 11:04 | Report Abuse
FA is laggard..all bad projections 6 months ago (lower lead time/ASP/volume) only now starting to reflect in QR while price alrdy go down 1st
2021-06-10 10:42 | Report Abuse
Obviously TG goreng today to lift whole glove sector but 2nd level bilis not taking the bait
Anyway dont try to explain short term price movement..looking at mid/long term trend, fundamentals deteriorating faster than expected & all gloves going DOWN
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2021-06-12 00:01 | Report Abuse
Walao dont blame others if trapped/lose money here..own fault - cannot say no one never warn