After one year living with Sars Cov 2 there are still many unknowns regarding the pandemic and its treatment.

We know it is highly infectious, more so with the new variants like the British B.1.1.7. At last count 98.7 million have already been infected.

We know it is 20 times more fatal compared to conventional flu. Deaths per 100,000 for flu is 100 (0.1%) but for covid 19 it is 2,000 per 100,000 (2%)

We know it is more fatal for those aged 70 and above, especially for those with underlying health issues.

We doubt we can end it by 31 Dec 2021 globally

Agjl: Good things required patience

$10.88 must and will happen

Someone wise said "The stock market is a device for transferring money from the impatient to the patient."

staedy: can hope for $10.88 bor, more ong!

$10.88 So be it.
It is still low compared to Mercator and Intco multiples.

How about $8.88 before CNY

Agjl: Good guess, my fren. And its likely to happen

Hope sooner than later. With the positive vibes from SBB, it will be all systems go

JUST FANCY THIS:
Aspen, property developer and a newbie in glove manufacturing, have just sold their entire 2021 glove production for USD100 million!

How's that for glove demand!

With Biden in the driver seat we can expect a substantial hike in glove demand from US.

We can also foresee two favorable pending developments:
1. Top Glove's WRO might be lifted soon
2. Maxter US sales revenue of masks and gloves will be substantial and will be a material effect to earnings of the parent company, Supermax.

That is because they don't have our structured warrants

Mercator (Poland)
52 week low - 8.13, Now - 360 (44.3X)

Intco (China)
52 week low - 15.49, Now - 284.36 (18.4X)

Top Glove (Malaysia)
52 week low - 1.71, Now - 6.25 (3.7X)

Supermax (Malaysia)
52 week low - 0.65, Now - 6.53 (10X)

Are they not highly undervalued?

A lousy counter will see its share price languish and drop over time.
We don't have to do anything.

Glove counters are a different story. They are grossly undervalued now due to sinister back-handed concerted actions. Without them what would be their fair values?

Daylight robbery

Like a coiled spring that is suddenly set free.

One party alone cannot cause the 40% drop. That requires group execution with each playing their specific tasks and roles.

Without them, the prices will be definitely higher.
What must happen when group target met?

Prices will surely rebound.

We should say a BIG 'Thank You' to all the naysayers in this forum.
They warned us of the risks here.

So you think any positive news can help prices meanwhile?

One month after Pfizer vaccine rollout in UK and US more positive news for gloves are appearing. Even some IBs are calling for glove counters.
Yet the improved sentiment cannot save prices from still dropping.

All this drama in Malaysia is due to the huge number of warrants issued end 2019 and early 2020.

Then covid 19 struck and it became such a global pandemic that resulted in supranormal profits for Top Glove and company.

Of course those early warrants were priced too low! How could anyone envisage the scale of this pandemic?

Had the warrants being backed by their 'mother' shares then no problem would arise. But they were meant to become worthless b4 expiry so none were backed.

Either face substantial financial loss, even existential threat, or force the share prices down. What course of action was eventually taken is a no-brainer.

Prices cannot drop continuously every other day. But the short term trend is down.

So either we stay away or change the way we trade

Welcome to the most undervalued glove stock
BOSS wants to press down further in coming days
Make it more undervalued la

Since both Top Glove and SuperMax can make billions each quarter let's make them cheaper per share so more can enjoy their financial success by making them affordable.

I can't think of any better reason than the above to explain their tumbling share prices since the past several months.

But the game in town is to undervalue glove counters, especially Top Glove and SuperMax

For CY2020 EPS will be RM1.0
Even at PE 8 SuperMax is still way undervalued.

6.36 at 4.45
6.31 at 4.50

5 cents lower can save how much in expiring warrants?

Fundamental analysis and value investing are useless here
They are merely nice to have sound bites.

When you can't fight them just join them

When we bet on a lousy counter and lose money we are paying for tuition.

But when we lose money on glove counters in the midst of the biggest global pandemic ever it is a tough pill to swallow.

Gloves global shortage for the next 12 months. However glove stock prices rein in. 40% down from their recent highs.

Semiconductor chips also global shortage for the next 6 months.
Tech stock prices earnestly rising.

Time to rebalance portfolio

Who is holding back glove prices?

On Wednesday Biden takes over as President. If it is a peaceful inauguration it should be a boost to Dow Jones and positive for Bursa on Thursday.

Again in 2020 we have our top 4 glove manufacturers chalking up fantastic revenues and profits. In one year they make more than the previous 20 years!

Yet their share prices are under pressure for the past few months.
Again, they said the market is forward looking. Another big joke.

2020 world economy in tatters, the sole exception being China.
US in recession but Dow Jones chalking up records after records. Isn't this a bubble fed by wildly irrational exuberance?

To con the investing world, they claim that the markets are forward looking. What a big joke.

Chinese health experts called on Norway and other countries to suspend the use of mRNA-based COVID-19 vaccines produced by companies such as Pfizer, especially among elderly people, due to the vaccines' safety uncertainties following the deaths of 23 elderly Norwegian people who received the vaccine.

The new mRNA vaccine was developed in haste and had never been used on a large scale for the prevention of infectious disease, and its safety had not been confirmed for large-scale use in humans, a Chinese immunologist said.

The death incidents in Norway also proved that the mRNA COVID-19 vaccines' efficacy was not as good as expected, experts said.

As of Thursday, Norway has reported 23 deaths in connection with vaccination.

Why are US and Malaysian media silent on Pfizer vaccine deaths?

At the rate Pfizer is administered in US they will not reach herd immunity by 31 December 2021

Even the richest country in the world cannot achieve it what are the chances for the rest of the world?

And JP Morgan offered that glove demand and ASPs had already peaked.
Since they have a large quantity of Top Glove shares they should offer to us at their TP of RM3.50.

US under Trump and company failed miserably to contain covid in their shores. Even before 20 January Inauguration Day it had already breached 400,000 deaths.

So much are riding on Pfizer and Moderna mRNA vaccines that they neglected containment and preventive measures.

And yet so many naysayers are trumpeting the demise of gloves here.

All Western countries are putting their faith and hopes on vaccines to end the covid pandemic. Initial outcomes are disappointing and leaves much to be desired. Stories abound on post vaccine side effects and even deaths as reported in US, Norway and Germany.

Pfizer vaccine rollout in UK on 8 December 2020 and its share price also peaked then @ $43. Today it is only $36.70. Shouldn't it be surging through the roof had it been that effective?

US CDC did not insist on gloves during vaccine administration as the US is facing a shortage of gloves.

However, before each vaccine jab, a PCR test is conducted and here gloves is mandatory.

Are gloves still needed?
Don't ask The Edge or JP Morgan for their replies.

The anti-gloves brigade have been trumpeting the demise of the gloves mania with the arrival of vaccines.

More than a month after vaccine rollouts in UK and US, yet the daily new infection numbers are still climbing.

US even had recorded more than 4000 covid deaths in a day!

UK had her vaccine rollout on 8 December 2020. US had their's on 14 December 2020. Since then many millions have been administered with the mRNA Pfizer vaccine, many even had completed their second jab.

That being the case, covid infection numbers should be gradually declining. Instead, the opposite is happening|

95% efficacy, my foot!

At Bursa all glove counters are a pitiful bunch. All the Billions in quarterly profits are meaningless. Just look at their miserable share prices the past few months. Expect more of the same for now.

Vested parties have too much control over price setting. The maim culprits must be the warrants.

Only a Hong Kong or a New York listing can free them from their shackles.

Last year short sellers attacked Tesla but lost USD39 billion and made Elon Musk the richest man on earth.

Will Tan Sri also becomes the richest man in Malaysia?

Third day of RSS
If that's all the damage they can do then happy days will arrive soon.
Maybe today even can break 6

When you read Western media China is often portrayed as evil, bad, cruel, pushy, untrustworthy and any other number of negatives. That's the intended narrative cast in stone especially among English-speaking readers.

Likewise here in Bursa, glove counters particularly Top Glove and Supermax are cast as the proverbial 'Monsters' by the local media. Nary a day passes by without an attack on them.

As we welcome 2021 are we to see more of the same?

Yet we are so proud to flash our latest iPhone 12

Apple never build a single iPhone, iPad or iMac themselves. All contracted out to the likes of Foxconn and their sub-contractors.

When they have workers committing suicides in China it was Foxconn's problem. When Indian workers don't get paid it was the sub-contractor's problem. It was never Apple's problem.

Why are there sweat shops in Asia
Big bulk buyers from the West are asking for ridiculously low prices from Asian manufacturers so they can have colossal profits selling in the West. Asian manufacturers have to resort to cutting corners to gain and to maintain orders.

ESG is a tool to depress prices and to contain sellers
Look at how Walmart and Apple became so obscenely rich.

Prices have fallen since their peak on Oct 19
How much lower can they fall

Najib offered that 1 in 300 have covid 19.
We are still far from getting herd immunity. Only when 2 out of every 3 Malaysian have it only is the threshold reached

So much hopes riding on Covid vaccines is a sure sign of desperation
A quick fix solution is hardly the cure.

How Vietnam, New Zealand and Singapore have been able to contain the pandemic in their respective countries would be a better model to duplicate

Tiffany Dover, the nurse who fainted while taking the Pfizer vaccine
Is she dead or alive?
How transparent is the West. Even this cannot be factually confirmed