Matkoh, u have given wrong info and congratulation to your peers, supermx not on the way up but is on the way down now, those already bought just now holding expensive tickets not the cheap ones, all to be trapped.

Tomorrow would be red drop below $7 because this new version of MCO allow economy activities ongoing people still can work have income no worries glove counters won't be chased high by most investors, it would be continue sold off for profit taking. Furthermore be aware of short selling might take place tomorrow.

Everything let time to present no point to argue. Your argument is useless can't help to push up supermx price. Let time to present u just wait to see.

If u all don't believe now, doesn't matter let time to present it to u. U all can see what happen on the glove stocks and economy recovery later. Good luck.

With this new version of MCO to reduce number of covid cases and vaccines coming later to control pandemic and economy recovery ongoing to take place gradually, recovery counters would be going better as opposed to glove counters would be gradually unwanted and abandoned by investors and funds. All these are foreseen to happen soon may be at middle of this year. Let time to present and we wait to see.

With economy activities ongoing in this time MCO, economy recovery would be ongoing, recovery counters would still be going well.

This time of MCO different from previous MCO: 5 sectors of economy activities ongoing this time and people need to work with SOPs in factories, and 30% work in office while other 70% work from home.

Hong Leong IB Research said “Our top picks have a recovery bias (Tenaga Nasional Bhd, RHB Bank Bhd, DRB-Hicom Bhd, MBM Resources Bhd and Focus Point Holdings Bhd), combined with volatility (Bursa Malaysia Bhd), defensives (Telekom Malaysia Bhd, MQREIT), value (IJM Corp Bhd, Sunway Bhd, Bumi Armada Bhd) and sold down pandemic beneficiaries (Top Glove Corp Bhd ),”

Down today, further down below $7 tomorrow.

If political crisis happen, the whole klse market would be badly affected, all stocks including GLOVE stocks especially supermx will drop. No counters can avoid dropping.

If no totally lock down MCO, all the glove stocks including supermx will drop badly as short selling may drop back to about or below $6. Be aware stockwinner later turn to stockloser.

Stockwinner, Don't be so happy. Will be no totally lock down MCO said by ministers. Read the following:

https://app.sinchew.com.my/content/content_2408149.html?type=detail&fileId=2408149&colID=7037

A second MCO may collapse the economy, says business leaders
By G Vinod
12 hours ago
in Featured, Mainstream, Top

A second nationwide movement control order (MCO), similar of March last year, would have a detrimental impact on Malaysian’s economy.

“We hope that the Government will look into the matter with great consideration as there is growing concern that should the country experience a second lockdown; many more businesses will shut down leading to a potential collapse of the economy.

“The most affected states by COVID-19 are also the commercial and industrial hubs of the nation, which will multiply the impact of any strict lockdown to be implemented,” said the EU-Malaysia Chamber of Commerce and Industry (EUROCHAM Malaysia) CEO Sven Schneider.

With the nation’s daily COVID-19 cases hitting four-digit mark, with one hitting above the 3,000 mark, many have speculated that the Government may impose another nationwide MCO.

Two days ago, the Federation of Malaysian Manufacturers (FMM) urged the Government not to impose another MCO, adding that such a move would be disastrous to the local economy.

Instead, its president Tan Sri Soh Thian Lai said the Government could consider a targetted conditional MCO (TEMCO), which is more localised with stricter standard operating procedures (SOPs) and travel restrictions.

SME Association of Malaysia also expressed similar sentiments yesterday, saying another nationwide MCO would collapse many small and medium enterprises (SME) and increase unemployment.

“Although we appreciate the need to strike that delicate balance between saving lives and saving livelihoods, a second round of total lockdown would be disastrous for SMEs, which would then be forced to lay off employees,” its vice president Chin Chee 8Seong was reported saying.

People are livid

Touching on the matter, Schneider said that while his business chamber supports the Government’s measures to curb the spread of COVID-19, the move should be balanced as in to protect the economy as well.

He added that at present, businesses are still restructuring and recuperating from the impact of the first lockdown due to the pandemic.

“Among the many challenges most businesses faced during the full lockdown were substantial revenue and financial losses, logistics challenges and supply chain interruptions as well as retrenchments.

“Despite the losses that they have faced, many businesses, particularly the European business community, have learned to not only abide by the SOPs set by the Government but to also adopt even stricter internal measures within the office or manufacturing site to ensure health and safety of employees,” Schneider said.

Instead, the business chamber leader urged the Government to impose a TEMCO as it would not affect businesses much.

“A TEMCO, complemented with strict SOPs imposed on travel and social activities, would be ideal as it would allow businesses to continue rebuilding themselves and stimulate the economy again,” Schneider opined.

Echoing Schneider’s sentiments, Tourism Agencies Association of Malaysia (MATA) said that another MCO will create havoc to the Malaysian economy, particularly its already-battered tourism sector.

“A full MCO is a no-go. My members were very upset when it was speculated that the Government may impose another lockdown.

“If this happens, many people will lose jobs and create a lot of problem among those who will lose their source of livelihood,” its president Datuk Mohd Khalid Harun told FocusM.

He reminded that Government many in the business community are opposed to MCO and urged the former to engage with the private sector before coming up with any decision.

“We can discuss about how to come up with stricter SOPs. Besides, many businesses have come up with their own regulations, so much so that customers who don’t comply are even denied entry to the premises.

Khalid added: “The need to have the vaccine is paramount to facilitate the already angry rakyat.”

Prime Minister Tan Sri Muhyiddin Yassin is scheduled to make an announcement on the matter on Monday. – Jan 9, 2021.

Will have stricter and tighter SOPs, ban interstate and interdistric travel but won't have totally lock down MCO like previously taken place in early 2020, said by ministers. Wait to see on Monday announcement.

U all are very innocent just like small boy thinking, can't even think logically, do u have power and enough bullets to fight with short sellers having huge funds, skills and expertise, and first hand info.

U don't want to sell and keep on buying but u would of course see other retailers panic selling as price drops caused by short sellers. U no super power to influence others not to sell because is out of your control.

Ask yourself how much bullets u ready to fight with short sellers.

U as retailers can't fight with short sellers.

Short sellers are ibs and institutional players who are smarter than u all retailers and they can get first hand info and they are expertise with skills of investing and short selling of course would always make money, unlikely and seldom to make loss. U all retailers are always panic like sheed easily be manipulated would always lose money. U as retailers can fight with short sellers.

Any we wait to see.

If really no MCO and the glove stock price drops again because of that would be easily for short selling again. Be aware.

Because of the news of totally lock down MCO, all the glove stocks price rebound. Now minister said will be no MCO. If finally no MCO, how will be the rebound? Possible to drop again.

Will be no MCO said by minister. Read the following:

https://app.sinchew.com.my/content/content_2408149.html?type=detail&fileId=2408149&colID=7037

Those trapped at high price prepare to keep it long term until next new pandemic come because it can't fly back to that high level for u to sell now.

With the news of lock down, supermx only minor up but no fly means it is bearish with minor rebounds all the time. Today supermx not like previous supermx it is no more super power can't fly higher.

Don't be so happy, it's only minor up can't even go back to $7,$8,$9 and $10 at which most of u trapped. Those trapped at high price no chance to sell. After up a while later would drop again.

Just logically think, even the pandemic situation seems worse now with 4 digits number of covid cases every day in our country and the great number also in other parts of the world lead to higher demand for glove, all the glove stocks suppose to have bull at the peak now but they are now in down trend bearish. Why?

Because people now already over looked the greater demand for glove and the super profit increase as within expectation no surprise and no stimulus for glove stocks which most people perceive its super cycle already over and in down trend from the peak now. Thus, most investors and funds reduce holding or move out from glove counters.

Totally lock down would make the whole market including glove counters also collapse this time. Don't think glove counters will have bull for totally lock down this time because people would worry of no jobs no income and government no money in financial problem, funds and hot money all run away. U better don't hope for it.

Goldberg, don't worry government sure would have other ways and solutions but not the totally lock down because government realise its negative impacts. Anyway they do sure would allow economy activities ongoing otherwise government and all the people including u no income.

Don't worry it won't be totally lock down. The most is CMCO with more restrictions imposed but economy activities to be on because government needs to consider its tax income collection, the recovery of economy, the jobs and income of people including u all for survival. Otherwise, u and your family and relatives and friends may lose job and no income for survival.

liewtz06, glove stocks now are in down trend with price dropping most of the time can be easily manipulated by short sellers to press down the price. If after short selling, the short sellers didn't buy back the shares yet means the short selling not yet come to the end would be continued some more on other days within the allowed period.

liewtz06, short sellers are sharks smart and expertise to manipulate short selling they always make great money unlike to make loss, only retailers always lose money. They have targeted glove stocks for short selling at the correct time because glove counters just finished its super bull have a lot of trapped retailers who easily be manipulated to make panic selling when price drops from the peak after bull.

Furthermore at this time most people and funds adjust their portfolio to reduce glove stocks holding by selling off to move out from glove counters spread into other counters that make short sellers easily to accelerate short selling to press down the price.

If really ibs buy back today, u can see they do it quietly without pushing up the price. How the price can go up after short selling.

I think it close red today.

Apprentice @ Ibelieve, Don't worry I bought CIMB very low price at its bottom part not like u chased high price to be trapped. I am ready bullets to top up more when it's down again.

Supermx is no more super power, can't fly to $12 as someone here hopes for. When it stood at $10, $9 ,$8 and $7 u said can fly to $12, now drop below $6 also say can fly to $12. It seems $12 is farer and farer from u not achievable, forget it. Make it more realistic if can go back to $6 plus steadily stand is good already. Don't dream for $12 is ridiculous.

Glove666, market is rational, only the glove stocks fever and its super bull already over being unwanted and abandoned by most investors now. It's tak laku no demand at such low price. Thus, it's bearish now in down trend.

As humans being, we should think of the positive development of vaccines to hope all people save life, to hope vaccines effective control the pandemic, to hope pandemic end soon, to hope economy recovery to safeguard everyone's job.

Not like u all trapped ones every day talking about all the bad things to hope the pandemic lose control no end due to vaccines ineffective, the economy can't recover, more people unemployed, more people infected by virus and die, and even the world in which u and your family, relatives and friends living become worse and ended by virus. If all these really be true, do u feel happy or not just by making good money from glove stock portfolio but u lose all others as I said and even can't live well in the world.

All the trapped ones are so desperate keep on saying the covid cases and vaccine ineffectiveness here to condole themselves to hope for bull come back to rescue them. Only by saying all these here would be useless and can't give u any help. By saying these, stock price won't go up much bull won't be back. Accept the reality.

In klse market, 90% are speculating without looking at the company fundamentals only see the price movement via chart analysis and follow the market trend to make money, only 10% are long term investors focus on the company fundamentals. Anyway we need speculation in stock market otherwise it would be like dead water no waves, no bull and no bear.

Have to accept the reality of glove stocks fever already gone, unwanted and abandoned by most investors only left a minority crazy lovers still hold it tight tight and keep on buying from $10 to $6 until now all be trapped hope for rebounds and the bull every day. These all would be hopeless.

KUALA LUMPUR (Jan 4): With the ban on regulated short selling (RSS) lifted, glove counters came under heavy selling pressure on the first trading day of 2021.

Top Glove Corp Bhd was in the first place today in terms of RSS trading volume, according to data sourced from Bursa Malaysia, with Kossan Rubber Industries Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd trailing behind.

In total, some 168.63 million shares of glove companies worth RM948.42 million were shorted by investors today, with 106.11 million Top Glove shares worth RM573.22 million involved.

Kossan saw an RSS volume of 23.26 million shares worth RM92.1 million, while Hartalega was shorted to the tune of 18.75 million shares worth RM197.56 million. Supermax saw 11.08 million shares shorted at a total value of RM61.75 million.

RSS means investors sell shares without first owning them, but they would have to borrow the shares from Bursa Malaysia's Central Lending Agency through an approved participating organisation or investment bank.

The rebound is weak can't last long, 'tak laku' no strong demand at such low price, means the glove stock super cycle already over won't be back. It might go down further in down trend. Wait to see.

Rakuten Trade:
Investors shift to recovery play from healthcare related stocks

KUALA LUMPUR (Jan 5): Rakuten Trade Sdn Bhd’s research head Kenny Yee said recovery stocks play was leading the way for investors as 2020 ended. He pointed out that there is a change in sectors that are now in the spotlight with the rise in plantation related stocks among others, and a shift away from healthcare related stocks.

Foreign funds were behind the rout on Bursa Malaysia on Monday, with net selling of RM852.5mil.

UALA LUMPUR: Foreign funds were behind the rout on Bursa Malaysia on Monday, with net selling of RM852.5mil, especially glove makers, when the regulated short selling (RSS) which came into effect.

According to BIMB Securities Research data on Tuesday, local institutions and local retail investors were net buyers but were unable to prevent the slide on Bursa.

Local institutions were net buyers at RM359.2mil and local retail investors at RM493.3mil.

Under heavy selling pressure were glove makers, Top Glove, Hartalega and Supermax which are part of the FBM KLCI Index. Also closing sharply lower was Kossan.

The three stocks, which are part of the 30-stock KLCI weighed on the index, which closed down 24.64 points or 1.51% to 1,602.57.

StarBiz reported on Monday the selldown of these four glove makers erased RM13.56bil in their total market capitalisation.

The rout on glove makers saw Hartalega close down RM1.66 to RM10.48 or 13.6% to RM10.48 with 37.8 million shares done.

Hartalega saw RM5.69bil wiped out, reducing its market capitalisation to RM35.92bil.

Top Glove closed down 62 sen to RM5.50. It saw RM5.08bil erased from its market capitalisation, reducing it to RM45.11bil.

Supermax closed down 50 sen to RM5.51. The fall in its share price wiped out RM2.72bil from its market capitalisation and reduced it to RM14.99bil.

Kossan closed down 56 sen to RM3.94 with 49.64 million shares done.

The fall in its share price erased RM1.43bil from its market capitalisation and reduced it to RM10.08bil.

In 2020, foreign funds’ net selling on Bursa Malaysia totalled RM24.75bil in 2020.

“Retailers are net buyers to the tune of RM13.84bil, larger than local institutions at RM10.41bil, ” MIDF Research said in its 2020 wrap-up.

Ibs start to revise cut down the target price of all glove stocks, supermx target price would be cut down soon because it's too high not achievable not realistic compared to its market price now. The high target price is misleading not practical.

Many think the target price for supermx is $12-$13 that induced them to buy at $7-$10 which they consider cheap eventually get trapped in it as its price nonstop dropping. As I said already don't believe the target price because it can be revised and manipulated by ibs.

KUALA LUMPUR (Jan 5): MIDF Research has cut Top Glove Corp Bhd's target price (TP) to RM8.29 from RM10.96 earlier, despite a surprise extra 20% dividend payout announced yesterday, as it believes that the world's largest glove maker will need time to significantly improve its workers' welfare.

In a note, its analyst Ng Bei Shan said environment, social and governance (ESG) considerations had become increasingly important in sustainable investing.

yangkwang99, pity glove crazy lovers like u want to beg supermx boss to rescue u with share buy back. What investment u are doing meaningless. Can not make money yourself have to put your hands out to beg for it.

U know why u all be trapped in glove counters because u all only focus on the things happening and the past about the company super profit and never foresee and look forward to future, go against the market trend which is forward looking.

When u see other counters with its company making profit, its stock price already gone up to high level not wait for u to buy. Stock market always forward looking into future and not based on current things happening or the past.