Does that mean no 6.50?....

Too much support below 6.9

yttihs If 6.50 I buy, honestly
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that's my queue the last 2 weeks. Never reach.

Free falling now....can reach 6.50?

30 mil qtr profit price is 1.80
70 mil qtr profit price is 4.50
100 mil qtr profit price is 7.00
200 mil qtr profit price is 13.50

On that basis, without the temporary high asp, and giving allowance for more profits than usual due to maximised output plus new factories and expected higher (non pressured) asp, assuming a doubled profit at 60-70mil/quarter (beyond 2021), then the fair price is about RM4+.

Now, who will be willing to buy in at 10, with the expectation that in 2 years, it will be 4? Unless enough dividend is declared, but that CANNOT be RM6 per share over 2 years.

@degaht everybody is doing that. Hoping that the good QR4 will be very good, and push the price up. For long term investors we know it's not sustainable. Prices will only go up if there are lots of buyers, but it appears there are more people trapped at 8+9+ hoping to break even and liquidate. It needs another round of super hype like April/May and more importantly enough buyers willing to enter at that price. My target remain the same: liquidate trading tranche slowly above 7.70 and "free shares" at above 10. If it reaches.

KUALA LUMPUR: Public Investment Bank Bhd has cut its rating on the rubber glove sector to "neutral" from "overweight"as it believes the supernormal profit is not sustainable in the long run.

Furthermore, PublicInvest said the glove stocks' current valuation had ran ahead of their fundamentals.
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that's what I have been saying all the time....now maybe people will believe me....

speakup wah lau weh look like speakup made smartest move sell all supermx @ 7.60
now can buy back 60sen cheaper! hahaha
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You are lucky...I queued at 7.70 didn't strike....if it did, I would but back now at 7.

Digitaltrade07 If buy more rm8+... wait for dividend, if you sell now you will get a lot of lost. Maybe waiting qr report can reduce your lost. Just my opinion....
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Those average costs 8+9+ and can hold, just hold. It's still possible enough good earnings reports and hype and emotions will stimulate another mini rally, and prices can reach 10.

Supermax has given dividends regularly, but always very small. They have not announced any yet despite bumper profits this FY. They have significant debts, so they may prefer to keep the bonus profits to pay for expansion and trim debts. If they want to goreng the share prices, then declare big dividend. We will know when they announce QR4 and FY19/20.

I still maintain that it's difficult to price worth purely based on earnings, especially that of a transient nature due to current pandemic. The market is always forward looking, and educated long investors will price the share forward to normal earnings when all the inflated asp is gone, and a new normal price stabilises. In 2 years time, new capacity from especially China will reduce shortages, and premium asp, so earning will necessarily come down to normal earth.

Only traders and emotional retail investors (and sharks and ib) can drive prices up to the so called tp. That will be also blunted by many who got trapped in the hype and bought in at 8+ 9+, many who will take whatever profit and exit.

Also, from 7 to 11 is 50% upside with lots of risks, compared to the run from Feb to may, 1.30 to 9, 6 fold increase.

It's back to January when the bottom was 1.30 and excitement was when it goes up to 1.45....lol

Another flat day....no trading opportunity....

Actually, mf's comments are in reality positives ones, as they are optimistic about treatments and vaccines for the pandemic and saving lives. Somewhat perverse that we are vested interest investors here wishing for worsening spread and deaths so gloves can sell and we make more money. Think about it.

Again a flat day....no trading opportunity. Not low enough to buy not high enough to sell. But it's well supported at RM7, so that can be considered the new bottom.

Unless another march style crash happens.

momo33 Retailers make big volume during MCO .
now most back to WORK . hence the volume down .
expect this going forward.
Fund Managers are not buying big now ...
i guess we will be around this level for now.
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You say like that, those who bought at 8+ 9+ will be very angry and curse your mother and father....lol

Another flat day. No good for trading.

EngineeringProfit Just a simple fact.....entry price for glove counters now = point of maximum risk........

......profits were best made earlier months when .....

Top was below 6.00 -----> 19+

Supermx below 1.70 -----> 9+

Comfort below 0.80 -----> 4+
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exactly....many bought at 8+, even 9+ and are trapped, they will liquidate when prices go up, restricting upside movements...

and buying in now have limited upside....even if to 11, it's only 30%, compared to the 5x from 1.30 in Jan....

Looks like I have to keep reminding people that TG announced the best Qr ever, and the price dropped after, and have not recovered yet. Usually means that the current price likely have a lot of future events already factored in....

Going to be closing red today. The crazy days of April and May are over. While it may still reach above 10, it will do that slowly. Syariah as expected is a non event. TG announced their best result ever, and prices drop. Not sure if 4QR will do anything. Daily fluctuations not so big, not easy to do day trading too.

spermx No right or wrong la. Do whatever u want.


jacklimeu2 speakup yesterday speakup sell 7.60
look back, it was good move, good timing
23/06/2020 11:22 AM
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But but but....some people say that's stupid Woh....should wait for RM20!.....lol
23/06/2020 11:30 AM
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Correct. But some people scold your father mother for your opinion.....

speakup wield! why is everyone obsessed with Dow Jones Futures?
Supermx is not in Dow Jones top 30 companies lah
23/06/2020 11:17 AM
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whether you like it or not, ta ke will have an influence on small fry like klse....

speakup yesterday speakup sell 7.60
look back, it was good move, good timing
23/06/2020 11:22 AM
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But but but....some people say that's stupid Woh....should wait for RM20!.....lol

DJoker89 jacklimeu2 Like I said, plenty of people taking profit, no chance for price to go up at the moment.
23/06/2020 9:38 AM

Now what happen with your last words.
Whole bursa is in RED kok due to Dow future is dropping 400 points now ....
take wat profit? dont laugh die ppl.
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I did warn against getting burnt. Did you burn yourself? Poor boy....lol don't worry, it will go up again.....

Like I said, plenty of people taking profit, no chance for price to go up at the moment.

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 20, 2020 9:02 PM | Report Abuse

the estimate RM8-11 price is reasonable...i will liquidate above 10...
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I stand by what I said last week. I will liquidate my trading tranche above RM10. My old shares after multiple dividends and share splits and treasury shares distribution cost only a few sen, and I will liquidate half too above 10. Gamble with the rest free shares to ride the hype or die with the bear.

Red now....lol

themaskrider @bryan2003 can you resend the paper? could not open it..
23/06/2020 8:46 AM
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it's saved as a pdf file. check your downloads.

goldbabymilk honestly i would prefer to see supermx go up steadily rather than goreng 10% uptrend in a day. time will show the real value, hold until next quarter guys! more to come!
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me too. But many want it to limit up!

Final words tonight: Hope you all know when to get out, and don't get burnt....lol

Goldberg Source: Company data, Maybank Kim Eng

Meanwhile, Maybank Investment Bank Bhd’s research team (Maybank IB Research) pointed out that the market shares of the five major rubber gloves players in Malaysia have grown over the years and it estimated that their combined global market share is 60 per cent today.

As for Supermax (a unique manufacturer-OBM player), the ASP hike is much steeper than the abovementioned OEM players.
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what info in the report that we all don't already know? lol

some people really cannot open their mouth without spewing profanities and name calling....lol

I have been asking all the time, but nobody wants to calculate.

All analyst use high ASP. It's sky high now. It will be high for 1-2 years. But after that, it will drop to normal. At normal ASP, with the increased capacity, with OBM higher margin, what's the eps?

In other words, like all the other pandemics in the past, the increased demand and high ASP is temporary. You have to know what the performance will be once the normal comes. You can argue the "new normal" will be different this time. Yes, it will be, but what's the "new normal" prices be?

DJoker89

Surely it won't be the catalyst to a stock up or down but definetly is an event to remind u , ur action are going to make urself broke.
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what action? telling the uncomfortable truth? can't think what else got people triggered here....lol

Aramco jacklimeu2 B4 SARS Supermax only a penny stock, i m not surprise u can own penny stock at that period . Now/Today Supermax almost consider blue chips stock n i doubt u can buy n hold for medium/long term. Maybe contra Boleh ,peanut profit gain the most. xiao xi ren
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now you are starting to understand. Once glove prices normalise, go calculate what the EPS and reasonable PE30 prices should be. Will it go back to "penny stock"? Probably not back to 1.30 of January. But will not be RM10. It has gone through a few cycles, SARS, H1N1 of 2009, 2016....always go back to the base line prices.

Aramco jacklimeu2 You guys are amazing. Anyone who holds a contrary opinion is cursed at.

I have supermax shares since before SARS. Soon after latexx was taken private. (Some of you probably never heard of Latexx).

Wah ! u think u the only 1 know about latexx?
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you have comprehension problem?

DJoker89 Jun 19, 2020 4:30 PM | Report Abuse

Q to buy at 6.50 yesterday no luck....Q to sell today at 7.50 also no luck....

That msg is from u post on 19 June..just few days away....stop with you lies and KOK story laaa doggy.. holding the share 15 years???
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and you point is?

I trade when it swings. Everybody does. Make some money. But not that stupid to trade with the whole portfolio.

By the way, using profanities cursing people will NOT make the stock go up....lol

You guys are amazing. Anyone who holds a contrary opinion is cursed at.

I have supermax shares since before SARS. Soon after latexx was taken private. (Some of you probably never heard of Latexx).

I am just telling as it is, the near future. The Syariah listing made no difference today. There are plenty of selling pressure when prices goes up, many just taking a small profit just to get out for the moment. The crazy days of April and May is over.

Of course i want the prices to go up. But how is current prices justified? Yes they earn plenty of money. But if the money doesn't go to shareholders, it's of no use.

Share prices have value in only 3 ways.
1) NTA, ie actual value of all the assets.
2) Earnings given out in dividends.
3) expectation of future earnings, and someone else willing to buy from you on that expectation. The current bull run is based on this only. How higher can the hype go?

I agree with analyst that the real value is between RM8-11. Beyond the next 1+ year, prices of gloves will stablise, new competitors will come from many countries, especially China. Then it's back to normal.

So the question is, in normal circumstances, what's the value of the share? After holding the shares for more than 15 years, I know. Do you?

upside will be weak, as i see many holding at 7+, 8+, and will want to liquidate and get out once it reaches reaches their entry prices....so it cannot go up fast or strong due to these profit taking. The syariah listing is a non event. Even the 4QR will likely be a non event, if it is not given out to shareholders as dividends. So upside is limited.

The syariah thing is a non event.

the estimate RM8-11 price is reasonable...i will liquidate above 10...

Farkmfmother jacklimeu2..you are an idiot..mf says got vaccine for covid...produce from her moms cunt juice and cumm from a dog
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Why are you scolding me for?....I am not that broken record.

Chan SauWei Normal flu also no vaccine in so many years... Only antibiotics when u get flu... That all like covid
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"normal flu" are viral infections and antibiotics are completely useless.

Q to buy at 6.50 yesterday no luck....Q to sell today at 7.50 also no luck....

I think the shariah index thing is already all factored in. Will only move if shariah funds actually start buying in....

Plenty of profit taking still. Traders outnumber investors.....

Maybank also hang, can't cancel my order, disrupted my strategy and I lost money too.

i3lurker for structured warrant or european style warrants it starts with a C and the gambling rewards payment is automatic to your bank account by IB gambling dealer if you strike the 4D gambling prize.

for company warrants it starts with a W and you need to instruct your sex firm to convert the sex type from warrants to shares.
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Noted, and I stand corrected. But the principle of calculating the worth of the warrant at expiry remain valid. If the share price is lower then the redemption value, you are out of the money.

I think you misunderstand what the CW means. It doesn't mean you get RM10 at expiry. It means you need 9 warrants plus RM10 to get 1 mother share. If you don't redeem it, it lapse and you get nothing.C94 is now at a crazy 39% premium.

Well, there IS a chance it will go above RM13 and you make money. Just as there is a 1:9999 chance my 4 digits will win big.

The new warrants are pure gambling now.