Yes, Covid is still around for a long long time as endemic that effectively controllable by vaccines and gloves will always be in demand but not so high as during pandemic. Thus glove companies super profit not sustainable and would decline post-pandemic as predicted by all the analysts. Thus the target price for all the glove stocks already revised downwards significantly by ibs like MIDF analyst already revised downwards supermx target price from $6.73 to become $3.46 which near to its current market price now.

紧急需求巅峰已过 手套股财测评级下调
Nanyang Fri, Jun 25, 2021 12:18am - 15 hours ago

（吉隆坡24日讯）手套领域的现货价和均价齐走跌，显示出手套紧急需求高峰期已过，加上近期缺乏催化剂，分析员将领域评级降至“中和”。

MIDF投资研究今日发布报告写道，比起去年底，手套现货价已然滑落，意味着紧急订单开始消退。

“同时，由于供需动态的不断变化，合约订单均价也正逐渐放缓。”

其中一个因素，是买家正在观望，因为他们试图降低买进贵货的风险。

“我们虽估计价格会高过疫前水平，但认为随着手套紧迫性消退，手套均价很可能会走低。”

另一造成手套不再是香馍馍的原因，是发达国家疫情状况改善，且发展中国家也在加速疫苗接种计划；欧美国家新确诊病例，自达到今年首季高峰后，已大幅地降低了。

根据Our World in Data数据，英国超过6成人口至少接种了一剂疫苗，而美国、意大利和德国，则有至少半数人口接种过疫苗。

另外，大众投行研究也点出，分销商当下已不再如过往般囤积了2、3个月的库存，而是只准备了一个月的手套库存。

“手套买家更常采取观望的姿态，避免被锁定在高额买价当中。”

在这样的环境下，手套股双强顶级手套（TOPGLOV，7113，主板保健股），以及贺特佳（HARTA，5168，主板保健股）的交货时间，都已经从之前的150至170天，缩短至少过120天；顶级手套也已经停止了出售现货。

产能按年增逾30%

另外，现有业者增产和新业者的加入，进一步加速了均价和现货价的跌速。

在去年，手套商约增产25%，以满足手套需求的激增，并在今年继续增产，加上新业者的产能，估计市场产能比起去年多了30%以上。

MIDF投资研究分析员说：“我们估计手套需求仍强稳，但紧急需求的减少，很可能抑制高均价。实际上，明年手套需求仍会超越供应，预计要到后年才会扭转。”

成本走高赚幅趋弱

随着原料成本走高，计上其他如人力成本的提升，整体成本将增加，加上均价走势疲弱，分析员估计赚幅会收窄。

为了加强环境、社会与监管（ESG）实践，手套上致力于提升员工福利；业者拨出更多预算在招聘、福利、奖金和员工宿舍。

“就算这些措施会带来额外成本，我们认为这些是必要的，以确保能够继续在全球竞争。”

在调整成本预测后，分析员下砍明后财年均价预测，幅度分别是5%到10%。

因此，分别下修贺特佳明后财年盈利预测12.8%与14%，高产柅品工业（KOSSAN，7153，主板保健股）的43.2%和18.9%，速柏玛（SUPERMX，7106，主板保健股）的17.4%与48.6%，及顶级手套的20.5%和0%。

首选贺特佳

配合此次调整，分析员进而降评4大手套天王至“中和”评级，但首选赚钱能力超过业界均值的贺特佳。

影响评级调整的关键因素，包括均价波动和营运成本，高过或低过预期。

此外，大众投行研究也大砍手套股评级，从原本的“超越大市”降至“中和”，并对领域2021至2024年的盈利预测，下修10至51%不等。

Is today the dead day for shorties as someone here claimed just now?

Simply buy on own imagination and assumption never use chart analysis to understand the stock trend and TA.

Lucky no one listens and follows otherwise might be trapped again.

Any rebound now? Few cents up so fast finished. Any profit made?

Oh it seems few cents up finished come back drop again, so fast!!!

Last year glove mania and glove hype already over no more now. If u still think to have price up like last year really ridiculous.

U think now this level is the bottom, it might be temporary bottom or might not be the bottom. Like when the price short period stayed around $5 and $4 previously many thought that was the bottom but finally not then it further dropped to current level around $3.

High risk for low reward now. Good luck.

Dropped out from klci and shariah index means no or less long term funds will touch it, may be the forreign short term hot money funds can hope lah but that one only temporarily goreng can't go up very high.

Anyway it seems forreign funds now mostly no buying but selling off to exit from local market. Now also can't hope.

Want rebound see the funds lah but so far now didn't see the footprint of any funds in. Without funds to goreng no big rebound.

上升周期近尾声 手套股评级财测全砍
Chinapress Thu, Jun 24, 2021 03:20pm - 8 hours ago

（吉隆坡24日讯）MIDF证券研究认为，手套领域的上升周期已来到尾声，因此将投资评级从“正面”下调至“中立”，同时也将手套股“四大天王”评级，从“买进”下调至“中立”。

该行分析员吴佩珊（译音）在分析报告中指出，相比起2020年底，橡胶手套的现货比例已放缓，换言之，紧急订单也没那么多了；现货价和平均销售价也尾随走低。

在通过多个管道查询之后，相比起一两个季度前，手套业者如今纷纷减少现货的配置。部分发展国家的疫惰有所改善，对手套的需求也没那么迫切了。

“尽管预期售价仍会高于疫情前的水平，但相信随着紧急需求消退，平均售价也将会下降。”

上升周期近尾声 手套股评级财测全砍

美国、英国及欧盟的偏高的疫苗接种率也说明这些国家对手套的需求也不那么迫切了，这也将为接下来的售价带来压力，这也包括产能的情况。

不过，报告指出，这些手套公司今年还是持续增加新生产线增加产能，估计来自现有业者及新业者的新供应量，今年的产能将比去年高出30%。

同时，她也预计手套业者的赚幅将随着平均售价下降而减少。除了售价，经商成本也将对赚幅有影响，包括更高的劳动成本及需遵守更好的环境与企业监管准则。

总得来说，她认为，手套领域的上升周期已来到尾声，业者获利也将正常化，在短期欠缺催化剂的情况下，将领域的投资评级从“正面”下调至“中立”。但无论如何，随着卫生意识提高，手套需求将一直维持稳定。

MIDF证券研究指出，随着平均售价下降，相信手套业者的盈利也将趋向正常化。周四（24日）手套股卖压重全走跌。

吴佩珊预计，手套领域2022年至2023年的平均售价预期将下跌5%至10%。为此，她也将手套股“四大天王”评级，从“买进”下调至“中立”，目标价也全下调。

手套股之中，她最看好贺特佳（HARTA，5168，主要板工业），主要是其高于行业的获利，以及较为专注在产品的差异性及创新研发方面。不过，贺特佳周四的股价跌势也最为大，为十大下跌股之一。顶级手套（TOPGLOV， 7113，主要板医疗保健）及速柏玛（SUPERMX，7106，主要板医疗保健）早盘亦沦陷至下跌股榜。

From the figures given here, it shows a very minority cases of delta variant happened in the world that should be controllable by the improved updated version of vaccines. It should not have any fear as so far didn't see any big news via public media about this delta variant to happen in the rest of the world.

Again to spread the delta variant news here.

Thus don't expect the shorties buy back to cover short position will push up the stock price. If u think like that is innocent.

Shorties buy back to cover the short position would do it quietly slowly gradually without pushing up the price and u won't realise when and at what price they buy to cover the position. They buy back in small batches not one big lump sum that not much affect the price.

Don't worry the chart analysis indicated price eventually would drop lower and lower become worse bcoz it has broken the previous support level from which the bull cycle started at beginning of last year. The homily chart analysis also indicated this counter only dominated by retailers trading so far no funds and no big players in, most likely no big rebound, the price eventually would drop lower again even temporarily up sikit due to oversold.

U sure can get the lower price as u want, just be patient a bit for u to get ready your bullets or mouth.

ToneeFa u want to fatt lan jar let u be. I don't want to argue with u.

Today homily chart analysis indicated this counter mostly dominated by retailers trading, so far until today no funds and no big players in. Thus in doubt whether any rebound or not.

Yalah, hope tomorrow up sikit to condole the trapped ones like ToneeFa otherwise will some more fatt lan jar get angry simply scold people, shout and scream here do all kinds of personal attack.

ToneeFa fatt lan jar doing all kinds of personal attack showing his low character and rude.

Almost drop below $3.30 now, come come prepare to top up at $3.20, $3.10, $3 and then announce it let all people here know u have topped up otherwise nobody knows u have topped up.

Usually people really use bullets to top up won't have such action to announce it every time. For what u need to make such announcement here. Only those use mouth for fake top up would do that bcoz they afraid people don't believe and they feel desperate of no other way to defend the price drop.

The only way trapped ones can do is to talk big use mouth to top up when price dropping lower and lower since no evidence to prove they really use bullets to top up.

ToneeFa always talk big use mouth to top up at each level while price dropping. So far he has been talking top up since price dropped from $5 until now near to $3. I am sure he will continue talk big use mouth to top up even later the price drops lower again to $2 and $1. Just see how many bullets u have for it ???

Beary, Yes bcoz of the new norm of wearing gloves in some sectors post-pandemic, thus the post-pandemic glove demand is slightly higher than pre-pandemic after declining from the peak. That shows what u mean the post-pandemic demand for gloves still high due to new norms already expected and priced in thus the stock price might still slightly higher than pre-pandemic level after its dropping. If pre-pandemic price is below $1, then its post-pandemic price might be $1 to $2 slightly higher than pre-pandemic level.

If market crash really happens, all the counters including glove counters can't escape, would also drop accordingly to the market down no matter how good the company bcoz influenced by market sentiments. I think the glove counters might drop significantly due to its negative market sentiments and future profit decline.

I think his portfolio averaged cost should be $4 plus, average between $4.90 and $3.60 as he told in this forum if not mistaken.

If all the ibs revised the target price downwards to such low level near to the current market price means high possibility of further price drop to lower level might break $3 towards $2 plus. Prepare for that.

Wau, the supermx target price revised downwards so much from $6.73 to $3.46, is around its current market price now. That means very limited up side if u buy around $3. Really hopeless this counter.

I am a man, do u want?

So far didn't see the footprint of any funds and big players in, no big rebound in the absence of funds, only the minor rebound is possible due to oversold but after that will drop back lower again. The immediate support around $3, see whether will break $3 be lower or not in the near coming time.

Mr. Market is always the right one. What the market presented is the real fact: all glove counters price dropping lower and lower all the time now. U all glovers just go against what the market perceives. As the smart investors would always accept and follow the market perceptions to make money, only the fooled investors go against it to be trapped losing money.

No. Need to argue so much here. Let time to present everything, time won't lie would tell the truth. Just wait to see. We can see the things more clearer by end of this year and next year.

Most of the investors and market forseen the pandemic to be eventually under control over soon. Thus all the glove stocks price in response to what the market forseen started dropping lower and lower all the time. This is the fact that all the trapped glovers can't face and can't accept and try to find all the excuses and use all kinds of beutified imaginations and own assumptions to defend the stock but the stock price keep on dropping lower and lower to reflect the facts no matter how much they defend.

About the spread of delta variant in the world actually not so serious as what u described. It's just your own imagination and assumption. Anyway let time to present its reality. Wait to see.

Straight to the point u all should admit glove stocks are pandemic related that its price can't go up high and no market performance without pandemic. Thus all the glovers like u of course to hope for pandemic prolong in any way that rising cycle come back to goreng push up the glove stock price for u to unload all your trapped tickets otherwise u all can't release. Thus u all repeatedly post all the virus related news like delta variant news here to wish for another cycle come back to goreng the glove counters. Anyway your wish unlikely to be real bcoz all the virus variants or mutations would be effectively overcome by the continuously improved and updated version of vaccines. Pandemic eventually would be under control over soon.

No more issues can be used for mongering except the delta variant news that already long time ago published, now just repeatedly posted here by glovers. No point to repeat lah. We all here already knew it long time ago but so far didn't see anything about delta variant to happen severely in the world.

As I said the news of delta variant already repeatedly appeared in this forum many times long long ago will still continue to appear here for mongering and hoping this can help to stimulate stock price. This issue will be just goreng nasi by the glove supporters, nothing new.

Later Stanley replys that no need SBB lah since u all diehard supporters have bought a lot and will continue top up all the time to support the stock price is already OK lah. Stanley says I want to save these few billions cash to buy another luxury condo in US for my family lah.

Did u glovers call Stanley to confirm SBB? Did Stanley confirm to have SBB for u? Otherwise later price drops lower and lower that u all feel pain.

Really yam tik yam tik drop lower and lower every day until quarter result out seeing profit decline big drop again.

Today Superman diving again in red sea.

All the ibs analyts and even the boss of all the glove companies already admitted glove demand would decline in the coming time, only the glove lovers here shiok shiok sendiri to talk about the high usage and high demand for gloves to condole themselves while seeing stock price dropping all the time.

No need to promote this counter so cheap so value so possible cycle coming or whatever lah, people who interested would see on their own no need your promotion here.

No need to argue about SBB lah. If U all trapped ones want to know whether SBB or not, just call Stanley loh why want to brew it here. Directly call Stanley to confirm it.

Let time to present whether SBB to take place or not. Time would tell the truth won't lie. See until the price drops to its bottom any SBB or not. That can show who lies. Won't be long might be by end of this year or next year would know.

Dannyfyl88, It seems u talk like a director or CEO of Supermx about SBB. Ask yourself are u in the board of directors? How much u know about the SBB policy of supermx? So far just all your beautified imaginations and own assumption of SBB to take place. Straight to the point that u all trapped ones just hope SBB to take place push up the stock price for u to release unload all your trapped tickets then will say goodbye. This is the real thing u want.

Nobody scared of SBB. Only u scared can't release bcoz of no SBB to push up the stock price for u.

For what company needs SBB to support the stock price bcoz the stock price high or low doesn't affect company operation. Like pre-pandemic price below $1 company operation was as usual no problem. Even SBB also not really effective to support the glove stock price, u just see topglove with big SBB how is it now? Top glove share price still non stop dropping lower and lower now even with big SBB until Lim family and Tropicana suffering huge loss for SBB.

If just for paying dividends why not directly pay by cash? Why want SBB to collect treasury shares for dividend payment? Any logic?
If SBB aims to support share price, it's meaningless, why want to waste money to support the stock price since it already at low level now and the low stock price doesn't effect company operation. Since the stock price had been below $1 pre-pandemic, if now drops back to pre-pandemic level Stanley would say no problem let it be, why need SBB?