now everyone knows keeping the glove stocks is like keeping a bad card. What do you do when you are dealt bad cards when you play a card game? You have to give up the thought of becoming a winner at that particular game. Instead you throw the cards as much as possible or fold your cards and move on with the next game.

the dividend is going to be lower and lower, and is not enough to offset the drop of share price. Just research of what happened in the past 1 year.

if you study the chart, the rebounds are getting weaker and weaker. I still suggest any rebound is a sell.

Firsthand, next time you have to set your cut loss point... e.g 10%.

You also need to review what mistakes you have made. Losing a few battles is ok, but avoid losing the entire war. Learn from your mistake and you will recover.

I am sorry for your paper loss. I would suggest you sell at least some especially when there is a rebound. Share price now is still higher than pre-pandemic price so we have to be careful. If it drops back to pre-pandemic level, we may see share price at below RM1.

luckily it does not drop like waterfall yet....

GlovesOff, is it true that Maybank lower the price target of value TOPGLOVE to RM1.68? Do you have the link?

"FY22/23 average ASP assumptions to USD25.5/21.4 per 1,000 pcs."

wow ASP for the next 1-2 years is lower than I thought, and also lower than what CEO have mentioned.

Top Glove managing director Datuk Lee Kim Meow said the ASP for gloves is likely to ease by between 8% and 10% EVERY month, going forward.

If share price also drops every month. How?

if share price is also normalized back, it still has rooms to drop because the current price is still higher than pre-pandemic price. How? I still suggest sell high now and buy back later to reduce your cost. Doing nothing will not solve your problem.

quarterly reports are getting worse and worse in these 2 years. Dividend will also be in the downtrend. How? Still want to keep glove stocks?

Not sure how long this rebound will last. Anyway, just remember any rebound is a sell. Good luck!

if share price normalized... it would be less than RM1... Look at the price now. For those who still keep this stock, It is still not too late to act you know. I still suggest sell high now and buy back later.

this is probably the worst forum in i3. People advised not to sell, but price kept falling. And there are still diehards who believe those who advised not to sell???

what if the share price also is normalised, how? Its share price is still higher than pre-pandemic level, which is below RM2. Quarterly results will not have any surprise. Q-o-Q will drop for 2 years. Dividend is going to drop also. I just do not think it is a good idea to get stuck in a stock for years

if share price also is normalized, how? if that happens, share price will drop further to the price level before this pandemic. To be prudent, at least sell some. My suggestion is sell high now and buy back later.

If its share price drops on Monday, I am not surprised. Its share price is already up on Friday and the QR seems ok, nothing really impressive.

why so many sellers today? Easy money?

It has been happening again and again. When the price is suddenly up with good news, people take advantage and SELL SELL SELL. Any rebound is a sell. Do not make the same mistake and get trapped next time.

I am also waiting for price drop, but maybe it is tougher this time. See how...

I queue below 70 sen... see how :) Maybe I am too greedy. Congratulations to those who have bought it cheap

I think fengpinglangjin has a good point.


Posted by fengpinglangjin > Sep 9, 2021 9:44 PM | Report Abuse

SB is SUSPECTED of jacking up profit ...so limit down...

OLD Silterra is jacking up loss and profit siphoned ..

NEW Silterra will report clean and profit like X fab.

X fab is profitable while silterra is loss under old leeches.

entitlement date is to be determined and announced later. Warrants will be credited to your account automatically.
https://malaysiastock.biz/Company-Announcement.aspx?id=1346414

a factory in US does not seems to be very exciting as the cost is high over there. Also the vaccination rate over there is not very high as people are sceptical. Not sure if it is worth it.

everything I hear about glove stocks is bad news. Does anyone know what the potential good news for glove stocks? Serious discussion please

not surprising if people sell today after getting their dividend...

If share price is also normalised, losses will not be small. To be prudent, I think it is a good idea to sell high now and buy back later.

"ASP started to ease in the April to June quarter and is expected to decline by 30% EVERY quarter going forward until 1Q22."

"ASP started to ease in the April to June quarter and is expected to decline by 30% every quarter going forward until 1Q22."

To be honest, this was not the "slow drop" that I expected. Now we have a clearer picture. I see ZERO UPSIDE FOR SOME TIME. Revenues and profits are dropping. Pardon me but I just do not see a reason to keep glove stock for now. And then we have to worry about low ASP and competition maybe for some time. God knows how long we have to wait. if it is a long wait, I think sell now and buy it back later is probably our best choice now.

any good result is unlikely to offset the enlarged number of shares, for many years.

well apparently the previous operator was not capable of pushing this stock and wanted to clear stock only. Perhaps we can swap (some or all) our share to other stocks first. Better than doing nothing as many other stocks are moving upwards.

I also do not find anything bad in the QR... Strange!

Its manufacturing division underperformed in the most recent quarter Q4. Its revenue and profit actually decreased compared to the quarter before Q3. This is unexpected.

Good QR results in general but some investors may feel disappointed with the progress in its manufacturing division. Let us see what happens when the market opens today.

- 放眼未来营收双位数增长 -> 没成长，不要买；有成长，不要卖；成长长，长持有；成长短，短持有
- 截至2020财年，德宝集团超过75%营收来自超过15个海外市场 -> 如果马币再跌会受惠
- 截至2021年6月30日财年第3季，德宝集团手握4500万令吉现金及零负债 -> 现在的环境下，零负债是最好

https://www.klsescreener.com/v2/news/view/855883

Terrible QR, I would suggest you sell high now and buy it back later

another construction IPO -- NESTCON performed so so only the last time. Hopefully Haily perform better today

the volume these few weeks are higher than normal. Will monitor to see if it is time to buy...

Are Glove Stocks Undervalued Or Overvalued? Is It Time To Buy?
https://www.youtube.com/watch?v=ElsOToQM5Yc

based on past experience, any price increase may be temporary and a good time to sell first. Good luck !

good day to sell...

good day to sell...

the chance of margin calls is getting higher and higher. Be careful...

We do not know how serious the oversupply issue will become, so I would advise you to sell now and buy back later. It may take years. Price at this level in still higher than before Covid-19 started. Glove counters' share prices may go back to the pre-pandemic level. There are a lot of room to drop if that happens. The quarterly reports are still looking good but share prices do not move. Just imagine what will happen when the quarterly reports are not good, which will happen sooner or later. The last time we had oversupply issue in the shipping industry, the downtrend lasted more than 10 years. The share price become peanut. It is no joke.

rr88 is good. You may follow his advice next time.

every time there is good news, existing investors take the opportunity to sell. Most likely it is one day show only

very small volume so far... does not look good

I am sure most existing investors hope for the best and would like to sell. Good luck to you all !

gamble stock now... this remind me of the game of passing the ball,.. the idea is to pass the ball as quickly as possible to the next person. The longer the game is played, chances are the music will stop any time

still there are people who still want to gamble and buy... my goodness! Those must be investors who have never gone through counters with accounting problem. They do not know how low its share price can become

sell queue is still very high. Is it longer than yesterday? Very likely more limit down

Not sure how many limit down we will see....

for every 1 buyer, there are 10 sellers out there. Chances are high tomorrow will limit down again. Buying today is too risky. Still there are people buying...