90% efficacy doesn't mean the 10% will die. The 10% just don't get the antibody stimulated.

Buy if you believe the lowest it can go is RM7.60.

Sell if you think the pandemic is over soon because of Biden. Trump pushed for the vaccine anyway.

Another Biden effect is the Malaysian tech stocks.

US-Sino war forces many products to be manufactured or cured in Malaysia.

Biden may end US-Sino war although he said he won't.

Hopefully not as the war caused the local tech factories to surge to PE of nearly 80. Of course ID4 is also an excuse to push the PE higher. I do see a tech bubble in tech factories.

ID4 may make factories more efficient until you need less workers.

If forward PE = 20, RM30.40
If forward PE = 15, RM22.80
If forward PE = 10, RM15.20
If forward PE = 5, RM7.60

If Biden can swiftly end pandemic, ideal forward PE should be around 5-10.

assuming no windfall tax and maintaining current ASP:

5 = sunset business such Astro, Timber counters, with no prospect of growth
10 = maintaining business, people still need gloves
15 = mild pandemic, epidemic
20 = severe pandemic

Please use forward PE. Trailing PE is slow and meaningless. Don't use the last four quarters to calculate, it is only good for dividend stocks.

Gohhocks, nothing much will change. Just the target/expected forward PE will change. Read my previous post.

Pfizer vaccine will be for American only until 1st quarter of 2021. TeamRocket can delay the 10% chance of dying by 5 months.

If you believe my theory above/previous post, the fair price of Superman underwear is between RM7.60 and RM15.20.

Doesn't look good for Mahsing as pandemic is predicted to end in Q4 of 2021.

It now depends on whether Biden effect can lower the target forward PE.

If forward PE = 20, RM30.40
If forward PE = 15, RM22.80
If forward PE = 10, RM15.20
If forward PE = 5, RM7.60

If Biden can swiftly end pandemic, ideal forward PE should be around 5-10.

assuming no windfall tax:

5 = sunset business such Astro, Timber counters, with no prospect of growth
10 = maintaining business, people still need gloves
15 = mild pandemic, epidemic
20 = severe pandemic

If you believe this above theory, the fair price of Superman underwear is between RM7.60 and RM15.20.

Cheaper than a Anna&Elsa face mask.

It now depends on whether Biden effect can lower the target forward PE.

If forward PE = 20, RM30.40
If forward PE = 15, RM22.80
If forward PE = 10, RM15.20
If forward PE = 5, RM7.60

If Biden can swiftly end pandemic, ideal forward PE should be around 5-10.

assuming no windfall tax:

5 = sunset business such Astro, Timber counters, with no prospect of growth
10 = maintaining business, people still need gloves
15 = mild pandemic, epidemic
20 = severe pandemic

If you believe this above theory, the fair price of Superman underwear is between RM7.60 and RM15.20.

Cheaper than a Anna&Elsa face mask.

Anyone got cheap superman underpants today?

Culprit?

My guess:

1. Inconclusive US election and Budget 2021 (Biden announced winner by Media only)
2. Biden will flatten the curve and rid of covid very quickly in US
3. Biden will be friend with China and will import cheap gloves and PPEs from China without the 25% tax
4. Chances of Budget being rejected is higher with JASA allocation trying to strengthen power instead of taking care of rakyat
5. Today's theme is manufacturing providers

Throw your superman underwear away! But new one maybe Batman.

US election although announced winner by media, not yet conclusive.
Budget 2021 will only be voted on the 25th of November.

Both US election and Budget still hanging in the air.

If budget is rejected, GE15. This is something market doesn't want. IBs are afraid of election the most.

Market is not happy with the budget 2021 that has a chance to be rejected by MPs.

If Mohidan is willing to reduce the funding on JASA, I think budget 2021 can be approved easily.

Trending now #1 is AT, all money and focus went there. Operators are over there not here.

Biggest sharks should the IBs. With such stock price, only IBs have the fund to move.

For IBs, clouds are not clear yet to dump money into.

PN gov is still shaky. JASA is a good excuse for all non-PN parties to reject budget 2021. After that, election or GE15.

With all other countries stock market surging (except Bursa), people believed Biden has won although technically not yet.

With only Bursa dropping, many institutions believe the Budget is not yet final and prone to debate especially the JASA.

Without JASA, superman today at least RM11.

JASA is the only thing that made people think it will be rejected and turned down during voting the end of the month.

We may be seeing institution predicts a vote of NO for budget 2021 on 25th of 26th of November.

If you want to blame, blame JASA.

Agree. Mail-in votes will only be counted after the in-person vote has the priority to be counted in some states.

Tik Tok ban has cost Trump his presidency.

I thought fracking ban has cost Biden his presidency. It didn't happen.


Conclusion: it was a very tight race and the polls was wrong. Tight race meaning the votes are very close in swing states.

A lots of new and youngsters probably voted because they were disgusted by ban of Tik Tok.

Explanation why US election polls are always wrong:

Just like you asked a girl in the USA whether you can grab her boobs:

Democrat: Yeah sure, why not?
Republican: Piak (A slap on your face straight away)

Survey through phone:
Democrat: Democrat
Republican: (hang up straight, or scold you that it is violation of privacy)

Polls will always project a Democrat lead.

Liberal vs Conservative

Covid vs Georgia recount ... later Pennsylvania recount if Trump wins Georgia

Covid good for glove stocks
Recount bad for all stocks

Superman flied to 8.84 is due dumping of glove (profitable) stocks by IBs due to US election. It is a SOP of banks. It happens in every US presidential election.

No windfall but one lump sum tax something like "Jibbai Save Country" tax.

Just followed what CIMB is doing. Our FM is the former CIMB CEO.

Just follow what CIMB sets. CIMB is king now.

Because of 5G? Budget will push through 5G structure to benefit rakyat especially zoom class is important maybe for the next pandemic?

Market up is due to a tie in the US Senate race as law is now harder to pass than before such as the law to block FAANGS (Tech Taiko) to expand further. Not because of Biden winning.

Just like China is trying to stop Ma Yun to grow fast by stopping Ants from growing up the tree.

There is a standard practice for IBs, sell when there is a coming uncertainty until the cloud is clear.

You don't need to hate them. You may learn how to catch their next move. They don't mind you know what they think. They are investing other people's money.

Yes, all shareholders here are rich, drop to 0 also never mind.

Yes just wait for 1 more day. Speculation now is meaningless. Those who wanted to buy, bought. Those who wanted to sell, sold.

Those who are undecided, if you are itchy, buy/sell a bit loh.

I am looking forward to next Monday. Pretend nothing happens these few days. Time to rest.

US baby stuck inside pussy. Trump is trying to steal the election like Grinch steals Christmas.


Malaysia front, institutions afraid of Jibbai's save the country tax. If it is from CIMB must be real as our finance minister was a former CIMB CEO.

Some said polls were accurate... lol

Like I said Jibbai doesn't people to know he was the one behind... like the Sabah election ... like Anwar support from behind ...

So the tax name will be changed to something else like Jibbai Save Country Tax.

Google "cimb glove windfall tax"

No windfall tax but tax in different name.

CIMB already confirmed tax. Do you know who is the current finance minster and which bank is he from?

US Election not conclusive, worst for stock markets.

Tax on gloves almost confirmed by CIMB. It is not called Windfall. Maybe something like Heroic Save Country Tax. Just kidding. N Jibbai hopes that nobody knows he was the one who proposed it.

Because CIMB confirmed glove companies will be taxed although it is not called windfall. Maybe another name to make it sound nice something lke protection fees?

Trump wins very likely.

No windfall tax but need to pay government one-off sum similar to windfall tax.

As predicted, someone suggested to tax gloves although being rejected due to hard to set ASP.

https://www.foxnews.com/elections/2020/general-results

3 states to delay announce result. (3 key swing states)

May not have conclusive result today.

Time to get back to work.

Maybe no one wins today.

Final score should be around 24x(Biden) vs 29x(Trump).

I wish Biden to win but the numbers are not supporting him.

Trump still have 7 leading states.

Biden win is good for fair and square policies. Trump is good for America only. Bad for China.

Covid cases are expected to rise soon. Pray for America.

Polling was done through phone.

Usually youngsters will pick up the phone.

Plus, Trump supporters (Republican) usually do not participate and refuse to give info.

BZai727, if you followed a US presidential election before, you'll know how to calculate.

You need to add up all the reporting electoral votes that Trump is leading.

It is all due to a flawed polling system. Republicans or Trump supporters usually refuse to participate.

Gambling chance relies on polling.

Math says Trump is winning.

You cannot look at the number xx vs xx yet. As East coast finished counting first usually give Democrats lead.

It is the same every four years. You need to count those states at the center which will be conclusive in an hour's time.

I doubt you guys ever follow a US presidential election before? You all are less than 30 years old?

So far, Trump's triumph is very likely.

If this happens, stock market will shoot up.

Now it depends on whether Biden want to challenge for a recount in 4 swing states or not.
If he concedes, it is a conclusive US presidential election.

I don't think windfall tax has huge impact on Supermx as the profit is highest among all glove stocks.

Strong companies are not afraid of windfall tax. Why are you afraid?

All IBs are afraid for an inconclusive US election like in 2000. That could cause stock market to plunge like no tomorrow.

If this happens, this can be worse than 2000 as they are four potential states that can end up like Florida in 2000.

So far Trump is still winning Florida.

IBs will still wait for the conclusive US presidential election.

Riots are predicted in many US cities either side win. Trump is dividing up the America into two pieces. Worst US election to date.

If there is a clear winner, IBs will top up glove stocks.