BoomBerg I believe azman123 is a Chinese and Malay in disguise
What a shame
10/05/2021 12:35 AM

What do you mean? Be more specific

You may joke around with your silly assumptions and imaginations, but the moment you shared something as below, you must have verified the sources

It is no longer about supermax or the glove market.

Such piece of news can end up being circulated thus causing panic in the population

Be matured and responsible in your comments

“ToneeFa Latest news out of friends in China

According to news reports, today there are three Chinese working in India, After returning home from India via Nepal,.....”

Hahaha.. unbelievable!!

One report of fake news ruffled so much furs!!

It’s not “threat”, it has been reported

Like I said, it’s nothing personal. Why are you all panicking, barking and glaring your fangs if you have validated the news before sharing? Funny

Don’t be so childish, it’s already an official matter. Let the authorities investigate

azman123 https://aduan.skmm.gov.my/Complaint/AddComplaint?NOSP=1

Buat Aduan Baru / Lodge New Complaint
Jenis Aduan / Complaint Type *
Complaint
Jenis Perkhidmatan / Type of Service *
Social Networking
Kategori / Category *
Content
Subkategori / Subcategory *
False - False News/Content

**Already reported and screen shots uploaded**

One has to be responsible for his actions

Nothing personal, but you will be fine if what you shared are not fake news
09/05/2021 11:54 PM

ToneeFa , no worries if you have verified what you shared

Agjl , don't make a fool of yourself

What "double standard" are you barking about?

If you think anyone here are spreading fake news, go ahead and report

Or is it you have a problem with differentiating facts and fake news?

Yang tak pasti jangan share.

https://aduan.skmm.gov.my/Complaint/AddComplaint?NOSP=1

Buat Aduan Baru / Lodge New Complaint
Jenis Aduan / Complaint Type *
Complaint
Jenis Perkhidmatan / Type of Service *
Social Networking
Kategori / Category *
Content
Subkategori / Subcategory *
False - False News/Content

**Already reported and screen shots uploaded**

One has to be responsible for his actions

Nothing personal, but you will be fine if what you shared are not fake news

ToneeFa , I have screen shot your posts and reported to MCMC
https://aduan.skmm.gov.my/

But of course, if you will be fine if those are not fake news

https://www.malaymail.com/news/malaysia/2021/01/20/mcmc-urges-public-to-report-spread-of-fake-news/1942481

Hahaha.. k1tower, thank me for what?

REALITY made you butthurt?

You admitted there are many problems and uncertainties for gloves, this is all matters


k1tower Enough lah you azman123, don't talk something that everybody know, ASP soft landing, My China Thailand glove coming up siapa tak tau ?

Can they enter US in future or not ? Now Biden want everything "MADE IN USA", you understand ? The key is whether Supermax can successful execute the plan to setup glove plant in US.

As what we know from early analysis, Biden want 50% local made, 50% import, if Supermax being included as part of Biden plan, you outside ASP drop.... Apa price war suoermax business still sustainable with reasonable profit by contribution from US alone.

So now until this stage, you and me cannot answer whether the plan will go on or not, then what for you keep talking negative comments here ?
09/05/2021 10:15 PM

Hahaha.. k1tower

You answered nothing I asked, simply beating around the bush as expected

But at least, you admitted there are many uncertainties with the plan

I only highlighted the REALITY, but of course to those who are trapped like you, REALITY are "negative comments" which hurt

The worst thing is that these trapped souls failed to see it that way.

Most likely they will think too much and missed the probably last exit window

The problem here is one group failed to understand the trend!!

Group 1: Glove is down trending
"gLOVErs @kltower1 - this 40% off is super redflag vs its peers"

Group 2: Glove price is still high compared to precovid!!!!
"k1tower Hello SG$90 for 100 pcs latex glove is still very high profit margin compare to precovid USD$25 per 1000 pcs."

Has it occurred to Group 2 that higher glove price is already priced in the share price?

How about six months later?

You sound very silly k1tower.

Why did you have to butthurt if you are confident with what you are championing? Lost too much?

I asked A you answered B. You only talked about the supply plan by supermax. I have absolutely no idea at all if they are still going ahead with the plan after the flip flops by management

And how about supply by other players in MY, China and Thailand? How about demand? Are they going to be balanced out? How long until they are balanced? At what price?

Answer these questions directly, don't beat around the bush. If you have no idea and merely imagine and repeating what said by management like a broken record, you have better shut up

Why these people talk as if pandemic is the only factor of concern?

Supply is not an issue? Manufacture as much as possible and sure selling? Or they already have forward contracts priced at USD200 until 2050??? Or Malaysian gloves are coated with gold???

Did I miss something here? Or these people are missing something in their brain?

Haha.. From rm12 to rm5.5

So asp matters or not?

@pjseow
It is ridiculous to make comparison with glove owners.

They have earned billions to cushion any downtrend. Their ABP is nothing compared to the current price, they are still sitting on billions of paper profits

Do you have such buffer? Don't blindly follow

@Start_0f_the_bull
Fair enough since you are referring to short term price fluctuations

The problem with this forum is that many seem to think gloves are invincible, can only go up and stay there, nothing can bring gloves down, demand is forever there, no matter how much you supply, funny

There are simply too much fake information to sugar-coat the downtrend of gloves

Careplus also announced ASP dropping

@ActuallySudahPeak

"You better pray India recovers if not entire seasia crumbles together
No sector & ctr will be spared
09/05/2021 2:20 PM"

Give you a BIG LIKE.

Humanity is more important than the monies invested.

Everyone should pray that situation will get better.

Tan Sri bought much more above rm8, and what is the price now?

My sifu said not to go against the market trend.

But Tan Sri can afford to lose millions, can you afford to do so?

Don't blindly follow

I usually trade more than 60k each time. Maybe I am a big fish?

Market looks beyond India, look at the oil futures, it is a one year high

My sifu said market moves at least 6 months in advance

@Start_0f_the_bull

It is silly to compare market conditions in 2020 with 2021.

In 2020, there were many unknowns, no proven treatment, no vaccine, and almost the whole world in lockdown.

Now, scientists are familiar with the virus, treatment drugs are effective and widely available, vaccination progressing well, and people are also used to lockdown.

Developed countries which vaccinated 50% of their populations are doing well, only the less developed countries are struggling due to slow vaccination.

You won't see the same exodus into gloves like 2020.

If you naively think increase in local cases can compensate for the lower demand from developed countries, then you are terribly wrong.

Please talk with some sense, stop dreaming

Numbers are presented without any justifications. Not even the supply-demand equillibrium was mentioned but they can estimate how much the company can earn? They seem to know better than the management who failed to give an estimate, funny

Bad news is sugar-coated with imaginations to turn it into "no big deal"

This forum is detached from the reality. Many seem to think gloves can only go up and up or stay up there. There is no way down for gloves

@win_or_nothing I still don't understand how to get rm5.5. It has nothing to do with the billions of cash. The latest book value is 1.58 which is including the cash pile. Cash generation ability should be decreasing with lower asp, no? I think the calculation to get rm5.5 is nonsense. It should be as below given that scenario

azman123 @wintoomuch
How did you get rm5.5? 100m x 4 is about 400m/year in your scenario. 400m/2.5b shares is 0.16 eps. Multiply with given x15 is rm2.4. Means supermax still can drop from rm5.0 to rm2.4?
08/05/2021 6:48 PM

@wintoomuch
How did you get rm5.5? 100m x 4 is about 400m/year in your scenario. 400m/2.5b shares is 0.16 eps. Multiply with given x15 is rm2.4. Means supermax still can drop from rm5.0 to rm2.4?

I am confused, so supermax is uptrending or downtrending?
My sifu told me to not touch any downtrending stocks ...

Tan Sri has billions, can afford to lose millions. Ikan bilis can afford or not? Don't blindly follow

takeover soon, big boss eat one by one, amprop first one

shyt!! what accounting? auditor claim?

nice, punters slowly die off
previously 10 pages of rubbish in one trading session, now 1 page also not finished
baiting session comin

if my sdn bhd company got project worth 140billion, why would I want to share the pie with the others?

the deal for iwh to take over iwcity for backdoor listing lapsed in 2017. why ppl still chasing after iwcity when it is the holding company iwh which got the project? strange..

misleading qr report, they are not using the new number of shares 590m for calculation
eps 5.24, 3q eps 16.36, nta 1.49 are wrong
should be eps 3.6, 3q eps 9
3q pe 4.09, ksl <4, tambun 6, so no big deal

you don't buy tm because of the dividend
think of the cash generating assets costing billions (fully impaired)
think of the non core assets in the process of disposal which will unlock billions of profits
buy tm because it's one of the strategic assets of the country
what could go wrong with strategic assets?

Post removed.Why?

Yes, expect price to go to 0.35 after new shares are listed. Those who got cheap from applying excess or cheap rights, will dump to realize gains.

at current price each OR costs only 8 cents when listed... by the end of the one week trading, i suppose only 1 or 2 cents.. if apply excess, maybe can get new shares for only 35 cents.. definitely cheaper than buying from the market

i heard petron merge with sap, integrated o&g player. lai liao

LOL hng talk so much fundamental but when price up a couple of cents immediately sell for a quick peanut gain. Then delete all those fundamental comments. Still talk about 15%, you think ppl here stupid like you? Change your tricks la, ham kar Chan. Want earn money also do it ethically

That's why I said all epf fm will masuk lo kap if not for boleh land's kangaroos' law

newbies also need to earn money, you don't be the ham kar Chan to post misleading news here. Even if you manage to cheat the newbies, you won't live to spend your loots

Tns hng, purposely post old news to cheat newbies. There wasn't any increase in local steel price. 2650-2800 was the price before US tariff. Since then china steel price has been dropping like bird shit
http://www.shfe.com.cn/en/products/SteelRebar/

No chart no fundamental
All bullll shytttt
Just buy when everyone is fear and talking about delisting, sell for some coffee money, don't be greedy

Looks like the same trap used in Jan. Push up 2 days and sell down 2 months. I'll wait .30 or .20 to buy in again

No catalyst, next qr 3 months away. Tariff, lower china steel price, election. Uncertainties and bad news > good news (if any). Likely challenge 1.0 before next qr

But this method is pathetic because it needs constant monitoring, cannot take eyes away from the screen. If hng is a retired old man with nothing else to do, then great. A young man with inspirations and goals must not employ his method

This hng fella uses herd mentality (human nature) to trade, hence his announcements. Majority are followers especially newbies. As long as 3 out of 10 are induced by him, it's enough to gain a couple of cents and jump here and there