Supermx no more super power can't fly. It seems stagnant at current level at this moment, can't even to earn for chicken rice, thus don't talk about this week it will recovery to big up trend again as someone said last week.

Not necessary after dropping to low level will be big up trend or bull to come back again, it might further drop to even lower level or just consolidate and stagnant to swing at its bottom part with minor technical rebounds for long long time. Let time to present it we wait to see.

Why some of u here nonstop and repeat talking about the negatives of vaccines, its inefectiveness and its side effects. Why u are so worried and scared of vaccines? Don't let people have impression that glove counters including supermx can only sustain with virus and pandemic together and can't sustain without virus and pandemic.

Don't worry, even the pandemic not yet over but it would be under control later. Even pandemic not end yet, so what? Glove counters can't have big up trend and bull again now it would still continue long term down trend. If u don't believe let time to present it to u. Time would tell u.

Glove stocks crazy lovers here keep on telling how ineffective the vaccines, how serious the covid cases and pandemic still long way to go not end yet just to condole themselves to give them hope that bull and up trend will be back to glove counters later if pandemic not end yet. Howeve, most probably hopeless they would be disappointed because the bull in glove counters just over won't come back so fast, have to wait long long time for its next bull may be when next new pandemic come. Good luck.

Most probably would further down in next week. If have only the minor technical rebounds because it's long term down trend far below 200 days moving average line based on chart analysis furthermore the market trend is not with glove counters now, no big players no funds and no hot money do speculation to push up the price. Even many of u crazy glove stock lovers if want to top up also wait for the price come down to buy won't chase high to buy. In such situation, how will it recover go up much again? It seems the probability of going down greater than the probability of going up. The price not u say to decide it is determined by market, all have to see the market.

Supermx stock price not u say to decide and also not Stanley can influence or decide it is determined by market.

How much u talk here to defend supermx stock also no use, all have to see the market and let the time to present it. Time and market would tell u all the things but of course when market and time come to tell u it might be too late for u to know.

Watch the following to understand the price movement of supermx it might come down to $3.
Never fall in love of stock, love the money not the stock.

https://youtu.be/krV8nJoaKVI

Your admired expert Kyy even so good in his calculations and estimates of supermx PE and target price also give up now by selling off all his stakes in supermx and switch to other counters. What else can expect and hope from this counter.

Many here still imagine and wish after reaching the bottom it will have an immediate and big rebound lead to its up trend again. It's usually opposed from your wish, it might going side way consolidate and stagnant at its bottom part for long long time don't know until when or may be until next new pandemic come.

All the nice dreams for getting high target price $24, $22, $15, $12...broken, now is getting nightmares some one even said can't eat can't sleep all the time because of supermx this lousy counter.

This counter now 'yam tik, yam tik' getting a bit lower day by day until its bottom don't know where may be $2 to $3.

When time comes to tell u it might be too late for u to know.

Let time to present whether the high demand for gloves ongoing or not and any oversupply of gloves in whole world. Time would tell we wait to see.

Furthermore the US plant operation costs must be much higher than Malaysia plants operation costs that would cause its profit margin drop if the setting of US plant is just to replace the Malaysia plants to supply US market.

U only focus too much on the demand side and supermx production expansion but neglect the possibility of gloves oversupply in whole world caused by many others also doing production expansion as well as the entry of more and more new manufacturers in China, Thailand and Malaysia.

Since the set up of new plant in US would supply to US market that means its export to US from its existing Malaysia plants would reduce or no more later. It makes not much difference instead of export from Malaysia plants to US market now just replaced by setting up plant in US to supply US market.

Yes at least someone appreciates my sharing which is my caring also. Wish he really can do well with his Genting investment.

Company having huge cash balance can also its stock price drop deeply like Genting holding huge cash balance of 28 to 30 billions had also dropped from its pre-pandemic price $6 plus down to $2.91 the lowest in last year due to pandemic and now is up trend gradually going up towards its pre-pandemic price level.

Thus supermx with only a few billions cash balance is not a big deal amongst so many listed companies also have such amount and it is not only the factor to be considered by most investors and funds for buying the share, there are many other factors to be considered also like the sustainablility of its super profit post-pandemic is the most important factor that most investors and funds to concern now.

I remember agjl talked bad about Genting few months ago but now he's active investing Genting, very surprised.

Top Glove’s earnings may peak soon

https://www.thestar.com.my/business/business-news/2021/03/11/top-gloves-earnings-may-peak-soon

PETALING JAYA: Although most brokerages are bullish on Top Glove Corp Bhd, Maybank Investment Bank (MaybankIB) appears less enthusiastic, downgrading its call on the company’s shares to “hold” from “buy” previously.

The brokerage has also lowered its target price for the world’s largest glovemaker to RM4.85 from RM8.65 previously.

The lower discounted-cash-flow (DCF) based target price followed MaybankIB’s rolling forward its valuation for Top Glove to the financial year (FY) ending Aug 31,2024, from FY21 previously, and lowering its long-term-growth estimate to 3.5% from 4.5% previously, in view of the aggressive expansion by the China’s glovemakers.

According to MaybankIB, Top Glove may reduce its nitrile glove average selling prices (ASPs) by 3%-5% month-on-month in April-June 2021, bringing its nitrile glove ASP to around US$100 (RM412) per 1,000 pieces by June 2021 and converge with the ASPs of the price laggards.

“Earnings may peak in the third quarter (Q3) of FY21 and fall from Q4’FY21 as ASPs decline. We maintain our FY21-FY23 estimated net profit, which has already assumed for lower ASPs ahead, ” MaybankIB said in its report yesterday.

Yes paper profit can convert to real profit when I sell.

I am not gambler but is a bottom fishing investor now holding 300k Genting shares at averaged cost $3.10 bought at its bottom part now with market price $5.17 making paper profit around $600k, and also holding 200k CIMB shares at averaged cost $3.20 bought at its bottom part now with market price $4.64 making paper profit around $280k.

Someone in this forum jealous of Genting price currently $5.17 over ride supermx price currently $4.26 now even though supermx earning huge super billions of profit but Genting with 28 to 30 billions cash is much more cash richer than supermx only with a few billions cash.

U can check the history of glove stocks it was only up trend and bull at each time of any virus or disease attack but after the ending of these attack all glove counters were down bearish at the normal time of no health disaster.

Glove stocks are pandemic related stocks there won't be any big up trend or bull after this pandemic over during the normal time of no pandemic. Those trapped ones if don't release now might have to wait for many many years next new pandemic come don't know when.

I remember during last year supermx and other glove counters all are still at high price $8 to $10 many of u were very crazy believed in the high target price set by ibs all hold tight tight to believe that the price will go up to the high target price. I remember when I said the high target price set by ibs is not achievable some one in this forum has criticized me. However now ibs lower down the target price for glove stocks some one in this forum say don't believe the target price set by ibs because ibs have agenda to press down the price.

That means u all glove stock lovers only believe the high target price but don't believe the low target price that all are set by ibs. Why?

If the price stagnant at current level or further down later, those trapped at high floor $6 and above have to keep for long-term until next new pandemic come.

Green up a little no use those trapped at high floor no chance to release.

Only swing at the level $4 to around $4.50, no momentum to go up much can't even reach $5. Those trapped at high floor $6 and above can't release. I think it consolidate and stagnant at current level at this moment.

Watch the following to understand the current and future possible situation of glove companies:

https://youtu.be/W6azcAmGK04

U can check with homily chart analysis that can derive from net, supermx is traded by the majority of retailers and very less or even no funds participate in it at this moment. Thus no funds are buying supermx at this moment.

Many forreign funds are selling glove stocks now that u don't know.

U said it's undervalued but still have many others say it's overvalued. Different people have different perceptions on it. The perception of most people is to form the market trend which is not with glove counters now.

Market is always right one, market price already told u how much its value.

This news already out but still no effect at all, the stock price still can't go up much.

The company earning billions profit and holding billions cash, so what?
Its stock price can't go up much but already dropped to so low that can be ignored by people. Its stock holders making huge loss of money or suffer huge paper loss being desperate and sad.
It seems company making huge super profit and holding billions cash doesn't benefit its stock holders who only got so little 3.8 cents dividend for each share held.

With the news of topglove quarter result out also can't stimulate the price to go up significantly, that means financial results of glove companies are no help can't boost the stock market performance. This also show that most investors already abandoned and no more focus on glove counters. The game in glove counters really ended already. This is the fact that u should accept and no more hope.

It's not necessary after dropping to its bottom level will have immediate big rebound to be up trend again. Most probably after dropping to its bottom level it would just consolidate to swing within certain limits at its bottom part for long long time don't know until when. So prepare to hold it for long-term if u don't sell.

Hopeless in glove counters. With the news of topglove quarter result coming soon also can't push up the glove stocks including supermx price to significantly high level only up little. Thus can't expect its price will go up much on other time that no announcement of quarter result.

Supermx no more super power can't fly high anymore it only can make low flying to fly at low level below $5 now and don't know whether will crash or not later.

Why so much focusing on setting up a plant in USA, it is not a big deal. With high operation costs in the US plant, its profit margin would be low compared to those in Malaysia and other countries with lower operation costs. Furthermore, the currency exchange rate with weaken US dollars to Malaysia ringgit would cause the USA plant earnings smaller after converted to Malaysia ringgit.

Since the USA plant would cover part of the supermx supply in USA, it would reduce the export from its Malaysia plants to USA that causes lower profit contribution from its Malaysia plants. With the low profit earnings from its USA plant due to high operation costs and the lower profit contribution from its Malaysia plants due to lesser export to USA, it might have negative impacts on its overall profit earnings in future.

Don't expect the down trend stock like supermx can go up much. Don't dream u would wait long long time for it because no big players and no hot money do speculation to push it up, how will it be up trend now? Big players, funds and hot money already moved out from glove counters including supermx.

Furthermore many of u bought supermx at its peak when the price speculated to extremely high level that make your investment very costly. Only the fooled and not smart people do this kind of investment. The smart investors would not buy share at its peak for high cost investment but would wait for the price come down to a low and fair level to buy for low cost investment.

Yes can't apply on glove counters because are pandemic related stocks that it only have up trend and bull when pandemic arise but be down trend bearish when no pandemic. Pandemic seldom to happen may be once a long long time. After this pandemic over don't know when to have pandemic again.

If u holding a up trend share that u can see its market price increasing day by day, I am sure u would be happy even though the company currently making loss due to pandemic but can foresee its profit recovery in future push up its market price for greater capital gain.

Conversely if u holding a billions earning company share but u see its market price dropping lower day by day, I am sure u would be unhappy. It's very sad to see a company earning huge super profit but its stock holders making huge loss of money due to its nonstop price dropping.

It's no point to hold a billions earning company like supermx as long term investment if your holding cost substantially higher than its market price lead to substantial paper loss or capital loss. If holding it for a number of years, other than suffering capital loss from the long term holding of supermx, u would also suffer opportunity cost of the interest income forgone or other alternative gain forgone for your money trapped in supermx can't put in fixed deposit or buying other potential gaining counters.

Furthermore if u holding supermx at cost much higher than its market price for a number of years then it goes up again later, the most u can only recover part or full of your capital but u might not have any gain from your long term investment. Considering all the above stated, is it worth for long-term investment in supermx at cost substantially higher than its market price? Think it logically.

Because of being pandemic related stocks, all the glove stocks lovers keen to have pandemic on forever, not under control and no end so that glove counters will be up trend in bull which should be the favourite to most glove stocks including supermx crazy lovers.

Thus they keep on talking about the negatives of vaccines and the worse situation of pandemic for self condolences and putting the hope in this forum.

Glove stocks including supermx are regarded as pandemic related stocks it only have up trend bull as pandemic arise but would be down trend bearish when no pandemic.

I can see some supermx lovers here feel desperate and keep on talking about the negatives of vaccines and the worse situation of pandemic for self condolences and putting hope pandemic not under control yet be prolonged to have up trend and bull back in glove counters for them to sell release their holdings.

Most investors and the market perceive that glove stocks up trend and bull at beginning of last year was due to pandemic arise and now its down trend bearish is due to pandemic under control by the rollout of vaccines. This is the market consensus and sentiment about glove counters. If want to change this kind of market perception and sentiments to lead the up trend again in glove counters, all glove companies including supermx must show to the market that they really can sustain its super profit post-pandemic at high level as or even better than that during pandemic. Otherwise hopeless have to wait until next new pandemic come only can be up trend.