Jia, you are causing people to lose hope and losing more. Why are you so cruel ? What are the facts behind your statement ?

Retailers in Malaysia just follow crowd. GETS, Vizione, just announce going to gloves, price go up .!!

Those major glove producers making lots of money now,e.g. -Top Glove, to announce at least 800 mil net profit, they panic and sell. Where is the logic ?

Call Warrants at over 100 % premium they buy, just because it is cheap !! Buy lah C81, C84 at least not so high premium. Anyway when prices down, better to buy the Mother Share price since so low already.

Betting that prices will rebound since buyback has started.

Giant Panda, concur with you that OBM model, Own Distribution Network, Higher ASPs, Increased capacity and INcreased Spot Prices will definitely lead to higher profit than last quarter 400 million.

Earnings visibility is very high as most buyers has paid deposits. If using recent Comfort Gloves results as basis, wont be surprised that PAT for next quarter can be at least 2 to 3 times of last Quarter 400 mil.

Malaysian retailers panic and dont understand impact of Vaccines on Gloves.With vaccines, more Gloves needed !! They also simply buy without facts. How do you explain enormous volumes of Supermax C- 1 I, ( One I,) at an incredible premium of 100 over % !!!

They could have bought reasonable Call Warrants like C 93,97, C 1A at reasonable premium, or if they want cheap, C -1D which has slightly higher premium as Supermax price has fallen alot.

Present Sell- Down boggles the mind as it is contrary to Supermax strong fundamentals. Either it presents v good oppurtunity, or just hold and wait for rebound.

How low can you go, like Limbo Rock ? It is almost rock bottom price, near to August 17 low.

IBs up to their tricks again. Introduced capping of gloves shares for margins at a low price. Then when they have collected lots,at low price, publish bullish reports.AmBank forever bearish on Gloves.

Price now is near to lowest on August 17. Will be averaging down as TG fundamentals are v strong. Read the blog today on Gloves and you will be assured that Vaccines are not a threat, but people panic as they dont understand that Vaccines will need more Gloves.

Believe at this price, wont go much lower, as results will be out on Sept 17.

Jack, why so bearish on Gloves, do you have a hidden agenda ?

Insiders are buying back own shares as they are confident of coming good results and dividends due on Sept 17.

Retailers are misinformed about Vaccines as they feel no potential for Gloves. On the contrary, Malaysia is only re packing for our limited population, max 30 million. Glove usage will increase even with Vaccines.

Top glove manufactures to the whole world and its profit is real, whereas Vaccine shares are projections which have yet to be visible and show profits.

Retailers that day scared because of Vaccine news, not realising that Gloves are needed more than ever.

Gloves production, is to the world, Vaccines in Malaysia only to limited population willing to try, maybe a quarter of 30 m population.!!

Shares cannot run away from fundamentals. What is reason for the low price ?

Coming results will be very fantastic and realised, compared to Vaccine that has yet to materialise !!

Remember crisis , presents oppurtunity to buy cheap, and sell at profit later.

Noticed 7 trading days down, then rebound. So tomorrow can be sideways, and then on Thursday, will rebound. Supermax low, was at Rm7.90 on August 17.

look at Permaju after rights issue. Price fall after rights, but later after one or two weeks, it will recover.

Believe that Supermax is still the best . Top Gloves year end results on Sept 17, will prove to all that its an oppurtunity to make profits as the eps will be higher and dividends declared, tho OBM percentage is low.

Various interviews with the CEO and write ups will show that his very bullish statement is very true, that the best is yet to come !!

A bird in hand is better than 3 in the bushes. Supermax earnings is visible to all as its production capacity increases, Ave Selling Prices go up, Spot Pricing percentage increases, and more cases across the world, what with new mutations. Very conservative after tax profit will be around 700 million for next quarter.

Vaccines are still not out yet. Malaysia only involved in re packing and at most maybe can cover half of the 32 m population. How much profit can the company make ? Malaysian Gloves covers almost 60 % of world population of Covid 19 and other purposes. After Phase 3 trials, earliest middle 2021, how many of us are convinced that it is effective and willing to be vacinated ? Vaccination may be repeated every two years and all these needs Gloves to be used.

As can be seen by its results, Net margin is around 50 % cos of Own Brand Marketing and Own Distribution Network. the long waiting period and high demand enables Supermax to increase their prices monthly as supply shortfall is the norm. It is also not affected by USA ban like Top Glove.

If we expect eps of 60 cents , after bonus, then with PE of 20x, (- very low PE for a high growth share as compared to tech 50 to 60x,) then a Fair price will be around RM 12, after bonus.

Mfcb has got 4 warrants. With good results, quite certain it will go up.

Jaks using coal power, and has yet to announce its COD, commissioning operation date. So far it has been a disappointment.

PJ, is not Glove shares like Supermax also have same characteristic like MFCB, namely high net profit margin of over 50 %, very high profit growth due to escalating Ave Selling Price, Cash flow of around more than 1 billion in hand, and dividends in the form of treasury shares of 1 for every 45 shares.? A very conservative TP is Rm 25 !!

Only difference is the profit cycle is in waves, and may go down after 1.5 years from now due to more competition from new producers.

At top Glove EGM, mentioned that it takes around 1 year to install production line. So better to invest in big producers of Gloves with highest margin - Supermax. Own direct marketing, no middle man.

Using Top Glove charts, as guide, after consolidation period, it was up all the way.!! So today is the start.

HLIB research shows retailers like Glove shares. Somebody says Warren B studying buying Gloves, x know true or not. If true, sure explode. Realistic, conservative TP is RM 25.

Lastly, Retailers have limited capital. So Call Warrants is good way to make some profit. They can consider C 93,C97 or C 1A.

Choose based on Volume, Expiry, Premium and priced around affordable RM 1. See i3investor under Supermax, warrants on the horizontal line.

Incredible dash up, never before RM 4 spurt. !! If you look at Top Glove after June 11, there was a consolidation period also, where MM cleared out those Contra Traders, and Forced selling from Margin Calls,

Now the coast is clear, all bad news out, again looking at Top Glove, after fall, for around 1 week, it went up and never went down !!

To reach RM 24 now is within reach !!

By the way, Fund Manager talk, please notice that Edgenta, after heavy fall for 2 weeks, all TA - macd, obv, stochas, ma, indicates it will go UP.

Worth to consider, as it is just the START !!

Up all the way, to a fair price before result of RM 24. !! Last few days, Call warrants C93, 97, C 1D, all very teruk , kena bashed down kau kau. !!

Hope can recover as fundamentals of Supermax has not changed. At EGM today, the Ave Selling Prices, June, July, has shot up by 30 %. So next quarter result eps should be more than 30 cents !! Also increased capacity, higher spot prices, all bodes well for Smax with OBM, ODM.

Assuming no change, 30 cents , times 4 quarters,( very conservative,) equals Rm1.20. If PE of 20x ( v low for high growth company ), then fair price is at least RM 24 !! Achievable !!

Vaccines still need Gloves to administer.!! Windfall Tax will kill the Golden Goose !! Contra Trading ban only for one small broking company, and not all broking houses. So, all Bad News already out !!

Up, up, all the way, hooray .!!

Today, we saw all top active penny stocks are green, implying retailers buying cheap shares.

Retailers who wants more profits from Supemax sure sky high profit should try Call Warrant as they offer higher percentage returns than those penny stock.

Look at i3 investor, under warrant section, or at Klse screener, and choose those with prices around RM1 or less, and low premium. Believe that you will be well rewarded.

Last quarter result of Top Glove is 348mil profit after tax, and a profit margin of 20.7% from Sales Revenue.

OTB sure of around 500 mil after Tax profit. So if Top Glove with quarter profit of 348 mil can justify RM 28 price, what more if Supemax reach 500mil in its final quarter !! Supermax paid up is also less than Top Glove, ie.1.36 bil shares. So, price should be around RM 30 or more.

If we were to assume a total 4 quarters of PBT of RM 1 bil, taking an accountants confident figure, Supemax price will sure to explode like in Lebanon, as it implies 750 mil net profit after tax!!

This is just the beginning as further growth is more dynamic due to OBM, higher ASPs and increased capacity.

Katherine sure of 1 bil profit, OTB is sure of RM 528 mil profit, so obviously Supermax results will be very good, due to power of OBM.

Friday had a bearish engulfing candle which may lead to a lower opening price. Retailers have to be wary of MM as they may try to frighten you by selling to make its price down, implying bad results.

Like Top Glove, even if price go down due to profit taking after announcement of Superb results, hold on, consider selling only after T+2, i.e. after contra traders have sold their shares.

If Top Glove profit at 347 mil, 20% margin can command 28 rgt, then above 500 million for Supermax will see price above RM 30.!!

Top Glove has 2.07 bil shares, while Supermax has only 1.036 billion shares. Thus eps much higher than Top Glove.

Many new retailers may not know or scared to buy Call Warrants, but if you believe Supermax price will go up due to its incredible results, then dont be afraid to buy a bit, after all there are many CW at less than RM1.

Rather than play Contra with short period of within 3 days, or margin, Call Warrant can be held longer, but its main advantage is gearing where your percentage gain is higher than the Mother share percentage gain.

Those willing to take risk, may consider C- 97 or C-1D as it offers a balance between its premium, high volume transactions so easier to sell , reasonable conversion rate, and longer time to maturity.

You can verify this by downloading Klse screener apps at Play Store.

Have to thank OTB, free to speak and Dr David Lim for their indepth analysis on coming Quarter and Year End Result.

OTB says, PAT, 528 million on Revenue of over 1 bil. Based on this, Supermax expected price is around RM31 !! Hope this will be a fact after announcement on Monday, 5pm.

Russia vaccine will not affect price, as it is not proven yet, look at Aedes vaccination in Philippines. Mass vaccination still long way off.

Noticed there s a trend to buy Call Warrants blindly by new retailers not aware of fundamentals to choose CWs with 50:1 rate.

C 96 at 1% premium is good, but price is high. A balance will be C 97 with reasonable premium, value for money price, high volume transactions and priced that is affordable to many at <Rm1. !!

For those with very limited capital, but still wants to profit from expected price increase, can try C 1D with slightly higher premium at 40 cents.

At present bull market, retailers dont mind high premiums as long as can profit !! So, hope for the best.

Info for investors, not an inducement to buy or sell disclaimer.

Usual tactic by MM, as in the case of TopGlove. Before very good results out, for two days price went down.

Then after good results out, profit taking as - sell on news !!

However, after a while, to weed out contra players, after T + 2, price starts to move. !!

Those short of capital, may try C 97, or C1D as it is very active.

For Call warrant decision, not only premium counts, but other factors also. The less conversion ratio, or exercise ratio, the better, maturity date, plus Volume traded and present plrice.

Generally speaking, noticed that shares priced around RM1 has more volume traded and percentage increase more than other call warrants of higher price, , even with low premium.

C77 at 1.80 with 1% premium has less transaction compared to C 84 with 10% premium at RM 0.675. Lately, noticed that punters dont mind higher premium as can be seen from later CWs series with larger conversion ratio.

Some IBs push their CWs lower and then it will rebound as punters realize that it will rebound, eg. C 84 has gone down nearly 10 cents is a safe bet, and will definitely rebound, flag formation break out. Optimism is based on fact that Top Glove has great potential to go up further to RM30 and beyond.

Klse screener apps is very useful, and has all the info one needs.

Please add me to your group. Thanks.

As can be seen by Harta latest result, OEM only doubled profit compared to Top Glove former result, which improved more than Harta s.

Investors should realize euphoria of small Glove shares with low production volume is not sustainable, e.g. Careplus, Rubberex, Comfort. Their PE is anytime higher compared to TG and Supermx. Price rose because of affordability.

To get profit and it is affordable, investors should consider buying Call Warrants, price around RM1 of TG and Smax. eg. C 1A, and TG CW-84.

Coming Year End result of Supermax will Dwarf all other top glove shares due to superiority of Own Brand Marketing-OBM, higher Spot Sales percentage and increased Ave Selling Price-ASPs month by month.

Results should be out by Mid august, maybe before bonus EGM date.

Kyy assuming 65 cents /qtr x 4 quarters, = RM2.60/ share eps for 20/21.

Then assuming a PE ratio of 40 x 2.60, target of RM 100 is achievable!!

However, even reachig 37 rgt target by Credit Suisse, is already good for the time being.

VLVL, can we know amount of XOX shares Key Alliance bought and at what price ?Thanks.

Hi. Cost of PR is 5cents per share. Do we have details of Pref share, such as conversion period, exercise price, conversion ratio ?

Without these details, hard to decide whether to take up rights or not. Thank You . appreciate if someone can give details.

In buying Call Warrant, please dont buy those that are cheap, but actually have very high premium, and high conversion rate.

look at i3, at warrants section, and you will know the premium you are paying. Make sure also dont buy Call Warrant with low transactions as you may not find a buyer.

Sometimes the Inv Bank withdraw thier buy quotes especially towards closing.!!!Remember the IBs are also out to make profit from you!!

Those in the know wont sell as Supermax, using OBM will have superior margin, and even better results later than Top Glove.

Good chance for those to collect cheap C 88, C 91, and not those crazy overpriced C90, 92, 93. Since profit taking may last till friday, price will go up next week.

With such fantastic results, overseas Funds will definitely come in and buy. Which other stock can give such incredible results.

Adam, C 72, you made right choice. With such fantastic result, only the not so smart, will sell !!

Profit taking. Expect selling up to friday.

From next week, price will sky rocket. MFCB also like that, sold my Call Warrant too soon,after good results, few days later, went up a lot.

Supermax will be re rated. !!

Last time close 8.88.

Therefore, Call Warrant C 88 lah, the best value now.

Last time many got burnt as they dont know how to evaluate Call Warrant worth. Call Warrant can go higher than Mother ?! No logic as ratio is 7 to 1.

Now, ini kali lah!! Go , go go. Dont buy the overvalued C 90, 92, 93!!

At least C 91 better value.

10 cents dividend is RM 100 per 1000 shares.

After this, high chance will declare Bonus 1 to 1, as can be seen from year 2016, 2018, so that more people can buy !!

Wow, unexpected and beyond expectations, even for analysts !!

RM350 million,net profit, and Margin improved to 20%, higher than Supermx with the advantage of Covid months March to May 2020.

With this fantastic results, Glove sectors re rated. Cimb estimated this year profit ending August, to be Rm1.37 billion !!

Congrats, especially those playing Call Warrants as it is leveraged.
C 72, is still worth it,and has room to grow higher, compared to 76, 77 and C 78.

Some players of Call Warrant paying too much, tho the CW price is low.

C 90, 92,93 is too high price to pay as their premium and Ratio is very high.!!

C 93 needs 15 CW to be equal to Mother share + exercise price.

Very much better, wise player is better off buying C88, or C 91.

Goodness, some of the Call Warrant is bought by ignorant buyers. !!

C 76 and C 78 over priced by at least 65 %, tho its price is low. Conversion ratio is very high.

One is better off buying C 72

for those wanting to buy Call Warrant, I suggest you try C 72, at 1.64, Ex price of 5.88, ratio of 7:1 and expiring end Nov.

Premium is only 1.6%.!! Considered low for the time value b4 expiry on End Nov., settlement by cash.

Please dont consider C 76,and 77 as it is highly overpriced with 82% and 20 % premium, although it is cheaper, highly over valued. !!

Agree that those buying Call warrant must know calculations first before buying.

C92 at 70.5 cents is 28% over valued. C-90 at 1.75 is worse at 35 % overvalued.

I believe one of the best choice is C-88,at RM1.45, at only 2% pr1emium and expiring end January 2021, exercise value of only RM2.65 and low ratio of 4.2:1. Paying only 1.45, everytime Supermx increase, your CW will also increase.!!

Time factor has got value and you have 7 months before maturity by which time Supermx, would have increased in price by a wide margin due to its OBM and spot pricing.

In that case , your call warrant will also increase in tandem with the increased Mother price !!

Hope for the best tomorrow, and Top Glove to reach at least 230m net profit for 3 rd quarter, ending Aug 2020.

goreng kaki, where to get repot that PBank says TP 35 rgt ? Thank You.

A chance to get lower price before it is re rated.

Wow, Public Bank giving TP of Rm 30 ? They are usually conservative !!

Anyway, believe it is a chance of a lifetime as Top Glove has 700 lines producing 78.7bil pieces per year. Ave Selling Price, ASP will be determined one mth before delivery and fully booked till year end !!

Supermax has prodution of 26.2 bil per year.

As TG price goes higher, can only buy Call Warrant. Choice is C -75, price not too high, low premium and high volume transacted.

Let s huat together after results announced !! Possibility price go down on result, due to profit taking.

Confident next week, institutions will come in when they see the result. June 15 is a good date for investors.

The Calm before the Storm!!

When Top Glove announce result, people dont believe their good result. So they will also valuate Supermx on higher side.

Have bought and will buy more Supemx Call Warrant as it is leveraged, and long time to maturity, since most Analyst bullish on Gloves. The Target Price keeps increasing, now it is 10.90

Bought C 91 as it is balanced btwn price, premium, volume transacted and maturity. Buying more as this oppurtunity is too good to miss before TG result out tomorrow.

Top Glove target price keeps increasing from 20 by Maybank-KE, 23 by Credit Suisse, and recently 25 by Cgs-Cimb.!!

So Supemx will also go higher with its OBM, own brand Marketing, no need distributors.

Having capital that is limited, tried Supermx C 91. Price not that high, premium low and acceptable and still long way to maturity.

Most write ups give TP of 12 rgt to Supermx due to its OBM as compared to OEM, and buyback by directors. Oppurtunity comes but once only. !!

For those with ltd capital, can try TG Call Wrt, C 75, a balance between price, premium, maturity and volume transacted.

It has low premium and long way to maturity while TGgoes up and up.

All Fatt Fatt, 8.88, so Call Warrant C 88, lagi Fatt Fatt.

Very low premium at 0 %.!!!

You are paying nothing for the time factor till end January, period of 8, Eight months!!

Price close also at 1.48, got Fatt !!

Next Tuesady, so Huat lah.!

Margin people has time until end of June, so where got forced selling ? Dont panic people. Good time to collect, TP by OTB and IB is around RM20.

QR will be coming out, and we see who is right, the doomsayer or IBs.

One Glove producer not covered by capping is Careplus, a 4.1 bil pieces producer, as compared to Ruberex 1 bil, and no glove company, Adventa !!

Wonder why Careplus not capped, maybe have not reached over valued yet ?

Imagine Ruberex with less production of 1 bil pieces is Rm3.50 ! Adventa with no surgical gloves, hit limit up !!

Careplus with 4.1 bil pieces is only around Rm1.40 !! What irony. !

Ruberex will increase production from June this year, to 3 bil pieces as written by KYY in his 4 th of May article.

Careplus as early as 2017 planned to increase production to 10 bil plieces in 2020 from present 4.1 bil.

Question is, which one offers better value ? Your guess is as good as mine.

Other than these two shares, dont forget Luxchem supplies chemicals to make Nitrile gloves and HLT makes the production lines to be more productive. So next week, even these two can move. Bull market as Vol traded hits record, Value traded also high, and all Indices up.at 1473 KLCI.

According to 2019 Annual Report, Ruberex production of gloves will reach 2 bil by end 2020, as compared to Careplus 10 bil pieces by 2020.

Sold my Ruberex too soon. Careplus 1.40, Ruberex 3.50. Logically Careplus has more room to move.

If not mistaken, simply buying and holding Supermax Call Warrants, e.g; CW 88, can make that amount by buying 20 to 30 lots.It went up almost a ringgit every day. !!

Another way is buying MFCB Call warrant, CH. dropped to below 10 cents, and now at 32 cents, maturing in August.Triple profit.

Despite what people may say, logically thinking, you can make that amount by hoping on Careplus or Top Glove as their coming results will be bullish.

Adventa, without surgical gloves can go limit up ? Ruberex with lower production than Careplus, 1 bil, can reach 3.50.!!,

Careplus only 1.40 with 4.1 bil production !!

In a 11/7/ 2017, AmBank report, quote that Careplus intends to produce 10 bil pieces by 2020.

https://www.theedgemarkets.com/article/careplus-plans-produce-10-billion-gloves-annually-2020

As mentioned Careplus has advantage in South America. Also the last quarter already reported positive eps. Have contacted their Investor relations executive, Ms Aley Lim.

She quotes that in the first quarter result, Company will increase production due to high demand for gloves.

As the cheapest glove producer and higher production than Ruberex, positive that price should catch up with Ruberex, Comfort. !!

Imagine Adventa has no surgical gloves as it is sold to Top Glove, yet can go limit up !!

Ruberex with 1 bil production can touch RM3.!!

So, Careplus with 4.1 bil production, surely can touch RM2 !!

Checked with Company Annual Report, production is 4.1 bil pieces at present.

I believe Rubberex production is lower than Carepls, yet its price is way higher.

However, seems Company intend to produce 10 bil pieces in 2020.

Its cheapest Glove shares, so hopefully can catch up with Ruberex and Comfort.

Thanks PJSeow for confidence. Made some profit from Call Warrant, but sold too early. Anyway, hope interest will spill over to Jaks.

Hope after rights, price will recover to past high as
COD gets nearer.

From a graph, Careplus wants to increase production to 10bil by end of 2020 from current 4bil, increase of 140%.

Have yet to verify this.

Anyway, it is the cheapest glove manufacturer at present, at around RM1.00. Possible to go up to Rm2, with coming quarter result ?