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Some local ibs analyts said company has good fundamental does'nt mean its stock price would go up. Stock price is determined by market and the market is always the right one. Thus other than seeing company fundamental, investors also need to see the market trend, market sentiments and market trading movement.

The analyts also warned investors to be aware of value trap. It means some companies with cyclical or seasonal business performance that u see its current business performance in peak and its share price drops to lower level that u think it undervalued induce u to buy. However when the peak of its business performance is over and back to normal later, the stock u bought during its peak would become overvalued. Thus the price u bought at which u thought was low during its peak would become high price to u as the price drops further down when the peak of business performance is over go back to normal.

Bursabet is failed all glove stocks including top glove and supermx price drop back to the original level as before Bursabet call. Malaysia retailers can't unite together because amany are selfish for own benefit to sell off for profit taking not like some of u hold tight tight to be trapped.

Where is chickenroaster? I think he might be roasted chicken already.

Drop like hell, heavy selling from retailers and funds for profit taking or cut loss plus margin call selling. Don't sell or buy some more would be trapped again.

Areca Capital Sdn Bhd CEO Danny Wong told theedgemarkets.com today that the fall in share prices of glove manufacturers this morning could be due to Covid-19 vaccination news.

“I guess the sentiment on gloves is affected by the increasing vaccination news worldwide,” he said.

Reuters reported that the US reported fewer than 100,000 cases for the first time in more than three months, on Sunday, with 81,439 people currently being treated in hospital for Covid-19, marking the lowest since Nov 19, 2020.

Additionally, the Financial Times had reported recently that global Covid vaccine jabs had passed the number of confirmed cases.

Edited by Joyce Goh and Chong Jin Hun

If really most retailers and funds to sell off release for profit taking or cut loss, SBB also can't do anything. It's only the most 10% to buy back out of a large floating shares in market. The most SBB can do is to support its price at certain level only unable to push up the price.

Honestlee, u mistaken I said not only focus on company good fundamentals I didn't say ignore it. What I mean other than the company fundamentals u still to see other factors and market trend. That means all must be considered together.

To make money from stock portfolio not only to see and to hope company good fundamentals will push up the stock price but also need to understand the market trend which formed by the consensus of most people in market, other factors affecting the stock performance, chart analysis to find out the market trend, trading strategy and skills, the adaptability to adjust in response to any changes. Sometimes can't just blindly hold until go to holland.

HonestLee, anything can happen in stock market it can operate illogically opposed to what we thinking and what we wish. If it always operates as what people think all investors are winners making great money and no losers.

The ibs holding glove stocks are very smart with setting high target price to maintain the glove story believers and crazy retailers continue holding and buying let them have chance to sell off release gradually otherwise no one ones to collect tickets from them. Only the fooled retailers and believers are trapped by ibs.

Those trapped at high floor might be no more chance to release themselves would be long term trapped until next new pandemic come. The high target price is not achievable as it seems to drop every day possible below $6 later can't even stand steadly above $7. All the trapped ones are to be roasted soon.

Even though supermx is cash rich now only the main boss is rich and benefit but nothing much benefits to u retailers seeing the stock price drops lower and lower can't have any capital gain for u or even might be capital loss and only get a little dividend $38 for every 1000 shares that only yield 0.56% dividend return on 1000 shares bought at $6.80.

Most people and funds now don't focus on how good the companies super profit now and how good its cash inflow now but more concern about the sustainablility of its performance in future due to the pandemic under control by vaccines later lead to glove demand drops to moderate level and the oversupply of gloves for more and more glove manufacturers and factories build up in Malaysia, Thailand, China, USA and even other countries to pull down its ASP and profit margin. The increase of glove manufacturers and factories would have high competition to pull down the ASP.

Furthermore USA government might have a policy of building up its own gloves manufacturers and factories to fulfill its local gloves demand and reduce the gloves import that would be detrimental to all the glove manufacturers including supermx in Malaysia which rely much on their export to USA. Because of this, all glove manufacturers including supermx might have their USA orders reducing later. Even supermx has a plan to set up a plant in USA but it might not be able to cover back its drop of USA order. Its USA plant production cost must be higher than its Malaysia plant production cost that reduces the profit margin.

Public bank is the diamond to all the funds and retailers it would get a strong buying support when it's down that is difficult to be attacked by shorties. However, glove stocks only be spotted for speculation in a period only because most people and funds consider it as cyclical and seasonal stocks that would lose its shine as pandemic under control or over later. Thus many retailers and funds start to sell off release for profit taking or cut loss prior to its further price drop they see the world wide pandemic going to be under control by vaccines soon in the second half or end of this year.

Where is chickenroaster? I think he might become roasted chicken now.

In this way of dropping, it might go back below $6 later.

Those bought at around $7 to support Bursabet to fight are to be trapped now as price would drop further down day by day.

Funds and panic retailers are selling to release from glove counters because of the rollout of more vaccines and they see vaccines are going to be effectively control the pandemic lead to the gradual dropping of glove stocks price.

Where is the power of unite retailers to fight? Where is the super power of supermx to fly? It seems supermx no more super power can't fly would crash soon.

Liewtz06, are u smarter than the health experts in Israel and England? How do u know the drop of covid cases is due to the lock down in these two countries? No vaccines yet in Malaysia but with MCO lock down also can't reduce the number of covid cases here.

It's too early now to say vaccines ineffective to prevent covid-19 virus and ineffective to control pandemic because vaccinations just started in some countries even with the first dose only and many countries like Malaysia not yet start. Let time to present its effectiveness. According to scientists, it needs to take some time for immunity after applying two doses. Wait to see in second half and end of this year

According to the announcement made by the health ministry of Israel and England, the vaccine effectiveness in preventing covid-19 virus is seen in their countries with the drop of covid cases especially amongst the old aged people who have done vacination. These were said by health experts in these two countries but I think denied by many glove stock crazy lovers here because they scare to see vaccines really effect to prevent covid-19 virus that pandemic under control by vaccines would lead to deep drop of gloves stock price.

U all only focus on the gloves demand and the build of new plant in USA for greater capacity but never think about when more and more glove manufacturers and glove factories build up in Malaysia, Thailand, China, USA and even other countries, what would happen on its supply force? Later the gloves market would be oversupply especially when the glove demand drops from its peak now to moderate level as pandemic under control or over. The oversupply of gloves in world would definitely cause its ASP drops, profit margin drops and glove companies profit drop, eventually the glove stock price drops.

Furthermore when more and more glove manufacturers and factories build up, the demand for its materials rises lead to higher material costs to reduce its profit margin. Even when more and more glove manufacturers come into the industry would have high competition between each other to pull down the ASP.

If USA government has a policy to build up its own gloves manufacturers and factories to reduce the gloves import that would be detrimental to the glove manufacturers in Malaysia which rely on high export to USA. There would be severe sales drop due to less export to USA. Even supermx is also one of them to be hurt for lower export to USA where its USA plant capacity might not able to cover back the drop of USA export.

Furthermore its USA plant production cost must be higher than its Malaysia plant production cost that lead to lower profit margin. It would be worse with the weaken US dollars to covert its plant earnings to Malaysia ringgit its earnings would be in smaller value. USA is now printing more money notes to boost its economy that lead to weaken USA dollars.

Supermx as its loyal holders say having super profit increasing, high EPS, high target price of shares, high demand for gloves, high ASP and undervalued, it should be up trend have bull with many people and funds chase to buy push up the price. Why still have so many retailers and funds selling it now? Why people don't chase to buy it now? Why it's no bull but bearish now? Why its price can't go up much but keep on dropping now?

I can see its loyal holders keep on telling its good like its venture of setting up plant in US, its super profit increase and the greater demand for gloves via forums and blogs. However, it seems their efforts of advertising supermx is failed can't attract and stimulate people and funds chase to buy push up its price.

That means supermx is no more super power can't fly high when fly to around $7 drop back again, can't steadly stand above $7 for the great resistance there many trapped retailers and funds selling pull down the price. Why supermx with so many good as u all say has large selling from retailers and funds, why they don't hold tight tight to wait for price up want to sell at $6 plus? Is supermx only worth for $6 plus?

People don't chase to buy glove stocks, many retailers and funds selling it to release their money out transfer to other counters, no hot money, no short term funds and no big players involve for speculation in glove counters are the main reasons why glove stocks including supermx price can't go up much but keep on dropping. Its price drop not mainly caused by short selling that only less than 4%. Even the short selling on supermx only less than 1%, how this small portion of short selling can press down the price so much. Don't always just blame the shorties. Think about other reasons. Furthermore u all retailers already unite together to fight against the short selling, is it? With your unite to fight, the stock price should go up much should not keep on dropping, is it?

Why all glove stocks including supermx price can't go up much but still drop lower and lower, why less or even no people chase to buy these stocks now even with super profit, great demand for gloves, high ASP and high target price. Many in this forum very good in talking and calculating its EPS and PE but only in dreaming and imagination unable to push up the stock price.

The health ministry of Israel and England already announced the effectiveness of vaccines are seen in preventing covid-19 virus and controlling pandemic but these are denied by u guys here who scare of the pandemic under control will make your loving supermx price to drop further and no hope for its price up again. Since u all guys are so confident of the company super profit and all its good why u all scare and refuse to face the info of vaccines effectiveness be seen. It's a good sign to all of us and the whole world. Everyone also hopes the vaccine to be effective to control the pandemic. Do u?

The increase of covid cases now is expected because the vaccination just started and many with first dose only not yet the second dose and also it needs to take some time to generate the immunity as predicted by the scientist. Let see its effectiveness in second half of this year.

ILoveGloves, No ones scare u to sell u can hold it tight tight as u want. Only to the tell the truth here. Whether u like or not still need to face the reality.

As I said stagnant at current price can't go up much even with excellent quarter result, high demand for gloves, high ASP and as u say undervalued. No hot money, no short term funds and no big players involve for speculation in all the glove counters. Thus, how supermx can fly to its high target price that set by ibs. As I said it's not achievable still have so many here everyday dreaming for it.

I can see those trapped at high price above $7, $8 to $11 can't release themselves as glove stocks now no more hype, unwanted and abandoned by most investors that the price would be stagnant and gradually drop to lower level as pandemic nearly be under control by vaccines most probably in second half or end of this year and expected to the end in next year. Vaccines are gradually found to be effective to prevent covid-19 virus even the mutated ones.

Don't worry those trapped at high price can hold tight tight now for long-term until next new pandemic come. Only the fooled ones would hold it tight tight but the smart ones including funds would definitely sell slowly now for profit taking to release themselves prior to pandemic under control or over. Because it would be high selling to pull down the price once the pandemic officially declared to be under control or over later. Its post-pandemic price would be lower than current level even though company still have high profit and moderate demand for gloves and it would be as u say very undervalued. What u can do if the price can't go up much even undervalued.

With the coming of effective vaccines, worldwide pandemic is expected under control in the second half or end of this year, it might come to end in next year. At that time or even before that, all funds and most people holding glove stocks would rush to sell off cause its price drop deeply to lower level.

Those think it's undervalue now to buy more at current price hold tight tight to hope for reaching high target price would finally be trapped as price drop deeply later. The smart ones would not hold tight tight and just do short term speculation buy when it dips and sell when it rebounds and even prepare to cut loss when it drops below certain level.

With negative market sentiments on glove counters as pandemic under control or over later, shorties can easily press down the price even the stocks have good fundamentals.

Funds know that glove counters including supermx are now in short selling when they push up the price it might be pressed down by short sellers and a lot of trapped ones will throw tickets to them. Thus instead of pushing up the price to sell they rather sell it slowly at current price for profit taking since the current market price still higher than the price they bought.

Staedy, funds holding glove stocks might have sold some at high price and the remaining holding not necessarily they need to push up the price to sell because they can sell at current price for profit taking since they might have bought it at very low price prior to bonus issue.

Furthermore, they know a lot of trapped ones waiting to sell and less buyers to collect their tickets at upper part and difficult for them to push up the price to sell as glove stocks in down trend now. Instead of pushing up the price they rather to sell slowly at current price at which easy to get buyers to collect their tickets. When more and more selling from funds the price automaticly will drop lower.

Even some funds might be still holding glove stocks but they are most likely sellers waiting to sell release for profit taking and not be the buyers. With selling from funds price might go down can't go up much.

ChickenRoaster, U would be the roasted chicken soon as your loving supermx going to crash soon.

Where is the power of unite retailers for fighting? Does it function? Where is the super power of supermx? Can it fly now? Supermx or call it Superman might be crashed.

I can see many in this forum have little boy thinking. May be the badly perform of supermx price already made them crazy can't even think logically. I remember someone here has mentioned not long ago about RSS to be banned soon. Actually RSS just recently resumed it can't be banned again and even IDSS and PDT short selling to be resumed soon after 28 Feb. Read the followings:

KUALA LUMPUR (Feb 2): Bursa Malaysia Bhd has no plans on banning regulated short selling (RSS) again, according to the local bourse's chief executive officer (CEO) Datuk Muhamad Umar Swift.

Muhamad Umar pointed out that the Malaysian market is different from the US market when it comes to RSS, as there is a maximum level of 4% of a particular company's net short position.

"So with this in place, what we are seeing is that it is well controlled and we are not looking at banning RSS at this point in time... because it is performing as it is [supposed] to. RSS provides liquidity," the CEO said.

He clarified that the social media-induced short selling seen with GameStop shares in the US cannot happen here, given that the limit for short selling in Malaysia is at 4%. It was reported that 138% of GameStop shares that were available for trading were sold short, which Muhamad Umar noted it as a unique series of events that allowed for a short squeeze.

When queried on whether the local bourse would lift its ban on intraday short selling (IDSS) and intraday short selling by proprietary day trading (PDT Short Selling), Muhamad Umar said the local bourse is taking it "step by step" and there will be a consultation with the Securities Commission Malaysia (SC), noting that the volatility that leads to the ban has been controlled.

The ban on IDSS and PDT Short Selling is currently set to expire on Feb 28.

It seems u all are so innocent about the short selling and the drop of supermx price will lead to its take over by someone. It's only the process of short selling and market manipulation nothing for take over. Do u think the current boss of supermx will easily let someone to take over? Ridiculous, don't think like small boy.

It's possible US factory might bring loss in future to be the burden on supermx due to the excessive over supply of gloves and the gradual drop of gloves demand in world as well as the weaken of US dollars and the drop of ASP later, all these might happen in future thus ib analysts have raised the risk of its factory set up in US.

Supermax’s net short position stood at 0.64% or 17.5 million shares. That means supermx still have a lot more space for short selling (4% - 0.64% = 3.36% ). Be aware its price might be further pressed down later.

U are so good and crazy in calculation of EPS and target price u seem to live in imagination world, however the reality against your imagination and your good calculation that price doesn't go up much still dropping and dropping. I also can imagine so desperate u are now.

Nobody asks u to sell. It's up to u to decide on your own. U don't sell never mind u can hold it tight tight to see others selling.

It shows that u all are so innocent to assume me as the agent for ibs to spread info to scare u here. I am just a normal investor like u to share opinions here not the agent for any ib.

How do u know shorties making loss? Shorties are expertise with all the skills and smart in market manipulation are now making money that u not realise. It's just opposite from What u all think.

Many stubburn crazy and dreaming of supermx high target price have deniel mode refuse to face and accept the fact, hopeless let them burnt.

Even the profit currently still can maintain at high level also can't stimulate strong buying, its price would be stagnant swinging at current level can't go up much because most people don't chase to buy glove stocks now seeing the pandemic almost come to the end or under control by vaccines.

Seeing the pandemic almost come to be under control or end might be in second half of this year onwards, most people and funds would start to sell off their glove stocks holding for profit taking prior to its price further drop. Thus the target price $11.80 for supermx is not achievable, the price now seems to be stagnant and swing at current level can't even steadly stand above $7.

According to Sin Chew Chinese newspaper cover page of today, the health ministry of Israel and England said vacination taken place in their countries are effective control the pandemic with the number of covid cases especially amongst the elder age people there start to decline. They said the vaccine effectiveness in preventing covid-19 virus infection is seen. The health ministry of England also said current Pfizer vaccines still effective to the mutated covid-19 virus.

Prices of gloves likely to decline from H2
Wednesday, 03 Feb 2021

PETALING JAYA: Brokers expect demand for gloves to moderate as Covid-19 vaccines are being rolled out in an increasing number of countries.

Demand moderation is expected to be gradual and would not drop sharply in view of the greatly heightened healthcare and hygiene awareness.

BIMB Securities Research said the hike in glove average selling prices (ASPs) are expected to peak in the first half of 2021 and gradually decline from the second half, with the rollout of vaccines and rising competition.

“Although ASPs are unlikely to sustain at current levels in 2022, demand growth post Covid-19 will remain steadfast at 10% to 12% from higher global consumption due to structural change in gloves usage, ” said BIMB Securities Research

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