It's perceptions of most investors and the perception of whole market not the individual perception can determine the stock price and its true value. How much its true value is eventually determined by the stock market, not the individual says to determine it. U can say its true value should be higher but the market determines it lower that u have to accept it.

Another reason for yam tik yam tik drop bcoz some traders buy on its rebound after the price drops to so low level but later they sell again to cut loss pull down the price as it doesn't rebound.

Even vaccinations need to use gloves, only one pair of gloves used in vaccinations for all the people. It won't be one pair for one person vaccination. They won't change the gloves for every person vaccination. Don't imagine so much.

Already dropped for more than one week, so far didn't see any factors can stimulate the price up and didn't see the footprint of any forreign and local funds or big players come back to goreng, the stock price most likely would continue to be stagnant yam tik yam tik drop, let see in coming few days.

Keep on talking about vaccinations need to use gloves as new norms, so what? It's useless can't help to push up the stock price which is dropping all the time. U just talk to condole yourselves that glove demand ongoing high due to vaccinations need gloves. People already no feel about it, totally no stimulus for the stock price.i

No ones can exactly know what would happen in future. Only can consider whatever can forsee for the future. No data can be surely accurate for future which is full of uncertainties. Whatever data u provide only your own estimates might not be correct for future. All the data or estimates subject to change over the time.

pjseow, I just outline the factors to be considered when anyone make investment in glove counters. No any intentions as what u think. It's up to any individual to consider or not. U think no need to consider it, can go ahead as what u like. Nobody will say no. Don't be so sensitive of the posting here, it is just someone's views can't influence the market price in this minor forum with only the minority of investors attending.

Now no use to talk about the past which is over already its super story doesn't repeat anymore. Now only can look to the front how supermx can perform without the pandemic stimulus. How low and how long it will drop? Can it goes up from now onwards? How far it can go? Will the funds come back to goreng after its super story ended? Anymore issues other than pandemic issues can be raised to attract investors and funds come back to goreng?

Of course no forreign and local funds, no big players and no hot money come back to goreng, only the retailers trading, it can't go up much. Another factor to consider is its high selling pressure from those trapped ones especially at high floors waiting to unload that would definitely restrict the price up. Consider also the RSS still on glove counters, call warrants pending to expire with ibs manipulation, all these would directly restrict the price up.

Consider also the drop of ASP and glove demand, oversupply of gloves and the decline of company profit in the coming time that would definitely restrict the price up and conversely even might cause the price further drop in near future.

Consider the issue of US ban on topglove and US investigation on hartalega and supermx that might lead to ban also later. It might be time bomb pending to exploit anytime. These would definitely cause negative effects and negative market sentiments on all glove counters and its price drop.

Consider also when WHO announce pandemic really under control over later what effects would be on all the glove stocks price? Will it drop further lower?

This is a free open forum for any investor including me to post and share views and comments. Everyone also can do that to exchange ideas here whether accept or not just up to individual.

I do not work for any ibs. I am only a normal investor now enjoying huge paper profit from investing in Genting stocks and CIMB stocks. U think I work for JPM is just your own imagination. U are so innocent and ridiculous to think someone here hired by ibs to talk down supermx. How many investors attending this forum? It's only the minority in this forum not sufficient to influence the market price lah. If ibs really want to influence the market they won't go through this kind of minor forum, they would just do it via public media would be more effective. Only those don't have akal to think like this.

The shorties are international ib (JPM) won't lose, they usually make great money that u not realise how they make money. They are all stock expertise with high skills of short selling and stock trading and much knowing about retailers. They are much smarter than retailers who are always the fooled and greedy ones to lose money in stock market. Thus u can see many retailers being trapped at high price after every time of bull in any counters not only supermx, like Heng yuan and even the tech counters also.

When price gone up rocket high to $24 pre-bonus issue and $12, $11...$8 after bonus issue, nobody says keep for long-term but when the price drops to below $4 now someones here start to say keep for long-term because they are trapped.

It's unbelievable when the price gone up rocket high but u don't sell to take profit and keep it for long-term 10 years. People say like this are to talk cock.

Those who always say holding as long term are just to talk rubbish for shiok shiok sendiri bcoz after u sold at high price for profit anytime can buy back when the price drop back lower. Only those trapped at high price unable to release will say keep for long-term investment. Thus most of the investors say for long-term investment are those trapped ones. They just say for long-term to condole themselves.

If anyone bought supermx at pre-pandemic price still holding now as they say long term investment are the most fooled investor bcoz they holding the stocks along with the price shoot up to its peak $24 then after bonus issue drop until now below $4 never sell at end earn nothing.

Seldom to have people buy shares for the sake of getting dividends. If have they are not going to buy supermx for dividend bcoz it doesn't have clear and consistent dividends payout policy, they rather go to buy topglove or other counters like public bank, Maybank which have clearer and consistent dividends payout policy. Only this time supermx paid little higher dividend but before that it's very stingy in dividends payment. Why buy supermx aim for dividend and not aim for profit making from price difference?

Yakah u so happy with getting 13 cents dividend at the same time seeing your investment value or capital lost by 50 cents or more. Congratulations to u. U are good in stock investment. So innocent and ridiculous.

Whether to be in klse index or not, all have to see the market cap. No other way.

If supermx want to to be included again in klse index it must rise back and steady stands above $6 but it can't perform without the funds and big players participate to goreng bcoz the glove story and glove mania already ended no more. Most of the funds already exit sold off to reduce their positions in glove counters bcoz foreseen the drop of ASP and glove demand, oversupply of gloves and the decline of glove company profit in future. It would not happen as u say want it to be included in klse index again during the next review bcoz its price tends to drop lower and not goes up in the next 6 months. Let see.

Three things to learn from glove stocks

https://youtu.be/3oJEcdvM27s

Someone said value investing in glove stocks. This depends on when and at what price u bought it. Yes, it's value investing if u bought it before pandemic at pre-pandemic price or u wait until after pandemic over to buy it at post-pendemic price which can reflect its true value.

If u bought it after pandemic arisen where the price goreng up already mean u bought it on the glove story to aim for profit making from price speculation not for value investing, furthermore the price u bought is at high level means high cost of investment doesn't look like value investing which should be low cost investment. If u bought it when the price dropping now also not the value investing bcoz the pandemic still not yet end that the price still have pandemic effects is still high and the pandemic is expected to be under control end later that would cause the price possible to drop lower.

Only when the pandemic really under control over after one or two years later and the price drops to lower level to reflect its true value at which u buy is value investing. Value investing is u bought at least cost for higher return. If u bought it at high cost being trapped and the investment value declining over the time as price drops further lower and your investment cost higher than its true value, that's not value investing. The price u bought is very important to determine whether is value investing or not.

So far now didn't see any short selling on supermx counter, it's only the retailers trading themselves with small volume. Thus don't blame this blame that blame shorties blame manipulation. Blaming is seem to be usual habit of supermx lovers here.

Shorties here are the international ib (JPM), it's much smarter than u retailers and even the local ibs, it has a lot of stock expertises with high knowledge and high skills of short selling and stock trading and first hand info. Thus they know very well how to short sell, when to short sell, when and how to cover its position. They usually won't get loss and would make great money from it, only the fooled retailers always would get trapped make loss.

Another factor to induce the boss of company for privatisation is its huge cash piles. If the boss of company intends to fully own the company cash piles for himself when the stock price drops to a very low level to enable him to do that. Of course this is to see the company boss intention whether he is so selfish to abandon the minority shareholders for his own good or not. This is just the view.

It's no way for u to check the ib timetable about when they want to goreng. U never can know it, they won't let u know. No way.

Whether privatisation will take place or not just let the time to present it since it's out of your control, much dependent on how low the stock price will drop and the boss intention to do that. If the stock price drops to very low level that the boss of company feels its true value can't be reflected in the stock price which stagnant at low level for long time, privatisation is possible bcoz it is only the way for company to release its true value.

Thus how much u talk about the good of company is useless, it can't help the stock price to go up much now. However, what u can do now just like what u are doing keep on talking about the good of company to give yourselves condolence and confidence of holding the stock.

Even the company as u say and describe it so good so good fundamentals but its stock price seems to be stagnant downwards yam tik yam tik drop day by day that u would see your investment value declining over the time that induce u to top up until more and more of your money being trapped in it for long long time number of years by getting little dividend for your condolence. The dividend is expected to be lesser over the time due to the decline of company profit in future.

Those trapped above $6 might have to keep it wait for next new pandemic come to rescue u. This is called long term investment with substantial loss in a profit making company. The company is expected continue to make profit in future but u would make huge loss in your investment.

Price might be getting lower by yam tik yam tik drop day by day.

After dropping of so many days also no rebound. It's yam tik yam tik drop day by day no deep dump most likely no big rebound so far the most only up few cents one day show only. It tends to be stagnant downwards day by day in the range $3 plus at this moment bcoz so far didn't see any bankerchips like funds and big players enter goreng only the trapped retailers trading themselves.

If privatisation takes place when price drops to $2 plus later, most of the supermx retailer holders especially those trapped above $3 would go to holland suffer loss. How much the dividends u get also can't cover your loss.

Stock market not only the first day to operate like this. It has been operating in such way long long time ago even before u born. As the smart investors u must understand how the stock market operates and be smart with all the investment knowledge and skills and the necessary tools used in stock investment. Only the smart investors can beat the market for profit whereas the stubborn and fooled investors would always lose in stock market. Don't blame this blame that blame shorties blame manipulation blame market, it has been operating in such way long long time already not only for today only. U yourself not realize only. Blame yourself for the failed investment.

Panic selling continue price drop lower and lower.

U buy now means July go to holland.

Next week would drop further, $3.90 can't stand for long. It's down trending lower and lower u see the taiko top glove and hartalega towards lower and lower already.

Diehard supporters blame this blame that blame shorties blame manipulation but never blame themselves for stubborn and fooled investment.

If it drops further lower let say $3.70 or below, $4 would be immediate price resistance and it might say goodbye for $6 onwards no way to reach bcoz if next time have rebound also most likely up to $5 or $5 plus only with about 50%.

Some buy now just for speculation aim for rebound sell for little profit as price drops below $4 back to its previous bottom but they would also sell to cut loss if no rebound won't keep for long term. There are same people buying and selling all the time that would pull down the price if no rebound. Thus price tends to yam tik yam tik drop lower and lower again if no rebound.

U can see all glove counters price towards lower, top glove price down below $5, supermx and Kossan down below $4 going lower and hartalega new low. This shows most investors including funds and big players and the market already lost confidence on glove stocks dare not touch it. Lack of investors'and funds' support, price tends to drop lower yam tik yam tik everyday no big rebound and any minor rebound would be very short-lived may be a few cents up or one day show only.

Everything let time to present it. Now not so long time yet just happened in last year and this year that u might feel nothing still have confidence and the fever for it. See after number of years later U might be more and more desperate sad when u holding the stocks trapped making loss can't rebound much to let u release.

It's not the matter of how low supermx price will drop. The main thing to consider is whether it will be stagnant can't go up much again in future with no more glove story and glove mania, no more other factors can stimulate it especially when pandemic under control over later, when the company fundamentals being weaker due to the drop of ASP, glove demand, oversupply of gloves and the decline of company profit in future, lack of funds to support to push it bcoz kicked out from klse index and shariah index.

This means it might be freezed in the fridge or cold storage to be stagnant at current price level or even lower price level to trap u all for long long time number of years that your investment after holding so long doesn't make sense to u for no profit or even make loss although the company still making profit in future. Your money would be tied with it to get little dividend that might be less than the interest income as dividend can be lesser for company profit decline in future.

Even occasionally have goreng rebound also can't go up much to let u release if u have been trapped at high floors like above $6, $7, $8 onwards. These are always the consequences to be faced by the trapped stock holders after the stock super bull ended.

The glove story and glove mania already ended no more, even u say how high the covid cases, how virus mutation, how good the company fundamentals also useless, all these already no effects and no stimulus for the stock price, u can see even with full MCO and high covid cases in our country the stock price doesn't go up but conversely is down like hell. All these are facts, we are just telling the facts but are blamed to talk bad and talk down the stock. Ridiculous and innocent of the stubborn glove lovers here.

To the stubborn glove lovers, everything is good the bad things happened or bad news also can twist to become good ones. All are one-sided good only. If really so good, why the stock price dropping all the time? When price drops blame this blame that, blame the ibs manipulation, blame people here posting negative views and comments to talk bad and talk down the stock bla bla.

Out from klse index and out from shariah index means some funds adhered these two index as the criteria to buy stocks definitely would exit from supermx counter that would cause heavy selling pressure in the coming time. Furthermore, supermx counter would have less or no funds buying in future, lack of funds support, it would become retailers dominated counter. Most of the time would be retailers 'sendiri beli sendiri jual' playing ownselves all the time u sell to me I sell to u see who win who loss.

All are still in dreaming and imagination. Very good continue your dream day and night see how long u have to wait for the glove cycle as u say to come. Never realize the glove story already ended no more.

So far no bankerchips like funds and big players enter to goreng only ikanbilis retailers themselves trading, price would be stagnant at current level at this moment.

Go back to $12 is a dream bcoz many have trapped at the upper floor waiting to unload that forms a very heavy selling pressure to press down the price when it's on the way up, furthermore with RSS, many call warrants pending to expire with ibs manipulation to press down the price, weak buying force due to a lot of stock holders already trapped lack of bullets seldom to chase high for buy call now, no funds and no big players participate to goreng, how the price can go up back to $12?
Consider the TA don't only see the FA. Actually FA doesn't help much to push up the price it only can provide the price support only, TA is the main thing to push up the price in stock market. However, glove counters now TA is very weak.

Actually if u really want to invest for long-term u should wait until the ASP, glove demand and company profit decline for normalization first may be after one or two years later, bcoz when everything comes down for normalization the stock price would reflect its true value without the pandemic effects inside. At that time u might even can get it cheaper price and least cost for long term investment with least capital for higher return in future.

Do u think the stock price in 2023 onwards will be higher than current price with the ASP, glove demand and company profit in 2023 onwards decline lower than now bcoz now everything is at the peak?

Furthermore the US ban on topglove and the US investigation on hartalega and supermx might lead to also US ban on it. If these not resolved swiftly and nicely most likely would cause negative market sentiments on glove counters that might lead to stock price drop. This issue is a time bomb pending to exploit if not resolved well.