Who tf compares Supermax with Mclean? LOL

You better stop trading if you start making such comparisons.

Next wave after lunch. Go makan nicely.

Supermax will always be a laggard vs the other two. Will always trade at a discount.

Not sure what has to change for investors to also change their perception of the company.

@chief999 I think someone has to start a group. Then others can join

Well done people. Make sure profits give some to charity k.

There is nothing really to buy except healthcare and gloves. Watch it fly.

The road blocks OK. Some people want to get out at resistance levels.

Those who are trying to short will get burnt.

Buyers seem more aggressive today.

Strong resistance at current levels across all glove counters.

On the way up there will be many resistance levels. Walls are to be broken down.

No worries. Just have to be patient now. I'd rather see it go up slowly.

OMG! @Sardin, stop talking nonsense. Stop misleading the people here.

KNM (FY19)
Revenue: RM1.6b
Net profit: RM48m

Dayang (FY19)
Revenue: RM1.0b
Net profit: RM236m

KNM has much catching up to do. Until and unless KNM's earnings improve, the share price won't go anywhere.

Borsig is soooooo damn good that's why Dayang's share price is RM2.11 and KNM is RM0.20.

What a joke.
====================================
mileskoon also says Dayang was RM3 drop to RM2.11... if you compare Dayang with KNM, KNM looks even better... when I say my target for KNM is at least RM3.. if Dayang can reach RM3... why cant KNM ?

Just another comparison.. lets say both Dayang and KNM bid for a project. They are both invited for a meeting... KNM bring along their BORSIG German Engineers for the meeting while Dayang bring their Malaysian Engineers for the meeting. Who do you think have better chance to win the project ?

@Sardin You were calling a buy at 0.40! Why aren't you calling a buy now at 0.195 ?

You can't say oh the data is already shared bla bla. The fact is you were calling people to buy and now you wanna turn around and say oh the data is there? People are stuck with -50% down due to your so called information/data.

So are you saying that even you are scared to buy now and you're blaming IDSS?

I will put my neck on the line. 0.17 - 0.20 is a strong buy. Nothing to be afraid off because many here are so called long term investors. Already close to the bottom. Buy and wait for the reversal.

I see lots of happy faces here. Hahaha.

Why so worried? If the Co is that good, if Borsig is that good shouldn't be scared, right? Should be buying it all up, right?

@Sardin should be calling a buy at 0.19.5 since he was calling a buy at 0.40. Those who went in and still holding are down 50%.

You guys are overly concerned with the share price. The market has been SO bad yet the glove counters have been steady. Merely consolidating before breaking out. I admit the consolidation has taken longer than expected.

Perspective: Gloves from their most recent intraday lows:

Top Glove: +11%
Harta: +6%
Kossan: +5%
Supermax: +7%

So if you all did not panic and was collecting at the lows you would already be sitting on some profits.

Don't compare share price movement of the smaller guys like Ruberex and Careplus. Those are penny stocks, of course easier to move.

Also nothing to do with politics. That is all old story.

And Foreign Funds will leave other stocks but will buy gloves because under current economic conditions, gloves are supported by incredibly strong demand and valuations now have become a lot cheaper due to demand growth.

Gloves and healthcare to bounce today.

From the same article from @gndthx above:

"WHO calls on industry and governments to increase manufacturing by 40% to meet rising global demand"

I remember in GE13 Supermax announced support for opposition. Share price got hit. EPF soon sold all their holdings. So TSMY winning with BN together is not good for Supermax, right?

Having said that, the clear winner in our market is gloves. Just have to buy and wait.

I think this is due to sentiment. I remember someone here commented that if market goes bad, all will go down. I think he may be right.

Ruled purely by fear now.

Cut? You should be buying on any weakness. The results is not bad at all.

Revenue 1.6b, but net profit 47m. 3% net margin. 64m finance costs. And everyone happy?

Of course Sardin will say oh they are re-investing bla bla bla. Should ask him to show you clearly in the accounts, the cashflows where and how they are re-investing. The cash flow statement should state clearly.

Train to Busan. LOL

There was still a chance to board the train at the open. Now chase train.

@laychee may be right. The general market sentiment is really bad. Many are 2nd guessing themselves, whether to enter or not.

Italy hit hard from the lockdown of Lombardy so govt expecting recession. HK recession. Msia after 1Q20 will be in technical recession.

Stay safe

Malaysia is the world leader in gloves. Many assumed this virus was going to be temporary. Now it no longer looks like the case. Which means if the foreign big boys still want some Msia exposure, they'll ignore the rest and concentrate on gloves.

TopGlove's price movement today is a good indicator. On the way up today onwards.

The market is giving all those who are not aboard yet one last chance before it shoots up. QR tmrw is a non event. Why worry about past QR when future QRs will be much improved?

Yeah, all banks hit again.

KLCI so called blue chips are blue shits.

https://www.theedgemarkets.com/article/bank-negara-says-ample-room-rate-cut-growth-hits-decade-low-covid19-poses-new-risks

I'm not just TCSS.

USD and US stock market again become safe haven. USD to appreciate.

Now our BNM may consider cutting rates again. RM to depreciate against USD. Which sector gains? Gloves is one of them.

Faster is 18 months, not tomorrow.

BUY at current levels. It's almost ripe to pop.

Now everyone 2nd-guessing themselves? Having an asset doesn't translate to earnings. All the talk about Borsig. Blindly listen to Sardin talk about Borsig. Yet he never talks about earnings.

Go revisit all my comments. I said it all along, KNM needs to deliver earnings. It needs bigger contracts. Earnings move share price, not Borsig.

No point having a great asset if it doesn't translate to earnings growth.

I hope results will be good so all those who bought at higher price can at least get out.

No one is pushing down. Share prices do not move up in a straight line, that's all. Those sitting on big profits will want to take some off the table. Those who miss the boat waited for the pullback and been buying last week.

So relax. It'll will move up again.

We surely don't want this virus issue to get worse. People are getting sick and dying. It's not only in China but all over the world and growing. It's even among us here in Msia. The reality is it will get worse before it gets better.

I would prefer to be more concerned about this because it forces me to be less complacent. People are too complacent. The markets are too complacent. Just because the market rebounded due to China's market intervention, it doesn't mean the virus has gone away.

The number of cases seem to be declining but what everyone may be forgetting is that cities and provinces have been on lockdown.

From tomorrow onwards, people are gradually gonna start moving around, head back to work. Factories are gonna gradually re-open. The movement of people will increase the risk of more infections.

I wouldn't be surprised if the number of cases jumps again.

"...now trading at an average sector price earnings ratio of 32 times."

32x is now. But market is forward looking. We will see revenue, margin and therefore earnings expansion. 32x now could very well be 20x forward PE.

Historically, gloves have always traded at high PE anyway. What we should be looking at is s.d and not PE. 1.5 to 2 s.d. is where I think gloves will end up trading at.

100x !!! From the mouth of the WHO chief himself.

https://uk.reuters.com/article/uk-china-health-who-masks/who-warns-against-hoarding-of-protective-gear-amid-coronavirus-scare-idUKKBN20120Z

GENEVA (Reuters) - Demand for masks, gowns, gloves and other protective gear has risen by up to 100 times and prices have soared due to the China coronavirus, producing a “severe” disruption in supply, World Health Organization chief Tedros Adhanom Ghebreyesus said on Friday.

“This situation is exacerbated by widespread use of personal protective equipment outside patient care,” he told reporters in Geneva, adding that he had spoken to manufacturers and distributors to ensure supplies for those who need them.

He also said he could see practices like hoarding in order to ensure higher prices and called for solidarity from the public and private sector.

The article below specifically mentions gloves as well.

https://www.theedgemarkets.com/article/who-warns-global-shortage-wuhan-virus-protective-equipment

GENEVA (Feb 7): The world is facing a chronic shortage of gowns, masks, gloves and other protective equipment in the fight against a spreading coronavirus epidemic, World Health Organization (WHO) chief Tedros Adhanom Ghebreyesus said on Friday.

The U.N. agency has been sending testing kits, masks, gloves, respirators and gowns to every region, Tedros told the WHO Executive Board in Geneva.

"However the world is facing a chronic shortage of personnel protective equipment, as you might imagine.

Time to move up strongly again. Profit taking/consolidation should be almost done. Those who don't believe, well not too late to join the bandwagon.

LOL why all panicking? Never heard of consolidation ah?

Will be going up again soon. Just sit tight. Everyone is underestimating this black swan of a virus.

"To-date, based on MQ Reserch’s checks all the top five manufacturers have received urgent orders from China and HK and the orders are quite sizeable."

"The strong expected quarterly earnings into 1Q/2QCY20 period onwards should rerate the stocks to +1.5SD price to earnings (PE)."

"Pricing power will likely start to tilt towards manufacturers and lead to a margin expansion."

MQ Research

Positive on Malaysia rubber glove sector:

The market is likely to see a shortage of 10.8bn pcs of rubber gloves for 2020 amid new demand from the coronavirus and the US influenza season. The recent virus outbreak is expected to drive demand growth for rubber gloves for the year, with earnings growth for glovemakers likely to be stronger in the coming quarters.

MQ Research has a more positive view of the Malaysia rubber glove sector from neutral to overweight. Earnings growth is likely to be strong in coming quarters due to supportive demand growth from Coronavirus and the US influenza season. MQ Research estimates new demand would result in a shortage of 10.8bn pcs in 2020. The strong expected quarterly earnings into 1Q/2QCY20 period onwards should rerate the stocks to +1.5SD price to earnings (PE).

Impact

Coronavirus drives rubber glove demand. Coronavirus took only 1.5 month to reach more than 16,000 infections, faster than SARS and H1N1. WHO declared Coronavirus a global health emergency on 30-Jan. MQ Research expects the fear for coronavirus to continue to increase demand for rubber gloves globally as other countries step up their preparedness for the further outbreak. To-date, based on MQ Reserch’s checks all the top five manufacturers have received urgent orders from China and HK and the orders are quite sizeable.

US flu season also increase glove demand. United States is experiencing one of the worst flu seasons in five years. Percentage of medical visits for influenza like illness continues increasing (Fig 9). The US practice is to use medical gloves during entire care for a patient. Demand from the US flu season is expected to increase until April/May, the typical period of low flu activity.

Expect a glove shortage in 2020. MQ Research expects Coronavirus and the US flu season to drive global demand growth at 13% y-y. As a result, MQ Research estimates the market will experience a shortage of 10.8bn pcs in 2020. Pricing power will likely start to tilt towards manufacturers and lead to a margin expansion.

Valuation spike ahead. MQ Research sees sector PE multiples to increase as a result of the improved earnings outlook due to strong demand driven by Coronavirus and the US flu season. MQ Research’s analysis of earnings and share prices shows a strong correlation of glove producers’ share prices and their earnings. MQ Research expects disease-driven demand will only reflect in 1Q/2Q CY20 results, as most of the orders are delivered in Feb onwards.

There is no cure. WHO has refuted the claim. China simply talking cock.

The vaccine Imperial College is working on will take many months at the earliest.

If you're a sharp trader, you would have already made shit loads from either gloves or shorting HSI.

Remember to help others from the money we make from this unfortunate event.

And don't be too obsessed with one stock. Many other money-making opportunities out there.

If earnings come in above expectations and with larger contract wins, medium to longer term, KNM's play is intact.

But in the short term, the chart is f-ugly.

Not trying to be biased but I think those who are not on board (and wish to do so) can consider buying on any dips. GCB is gaining recognition internationally.

Once the international big boys decide to come in, imo GCB will trade at a valuation that is more in-line with global peers (currently trades at a discount to peer average).