However, despite cutting their TPs for Supermax, both research houses raised their earnings forecasts due to higher ASPs seen for the coming quarters.

Kenanga said it likes Supermax for its original brand manufacturing (OBM) model, which enables it to extract higher margins from distributor pieces compared to original equipment manufacturer (OEM) models at lower factory prices.

“[We] raise [our] FY21E/FY22E net profit by 27%/16% after hiking our ASP [assumptions] from US$65/1,000 pieces and US$45/1,000 pieces to US$70/1,000 pieces and US$50/1,000 pieces respectively,” said Choo.

RHB also increased its forecast for FY21 by 36% due to a higher ASP assumption.

“However, we maintain our FY22F-23F earnings as we keep [our] ASP assumptions unchanged. Note that our FY21-23F blended ASPs of US$89, US$57 and US$48 already assume an ASP decline in the future once Covid-19 ends,” said Lim.

In the short term, Lim said RHB expects earnings for Supermax to continue to rise for 3QFY21.

“Beyond that, Supermax is a beneficiary of stable glove growth demand of 8%-10% annually. Our ESG (environmental, social and governance) score for Supermax is 2.89,” added Lim.

Kenanga Research analyst Raymond Choo Ping Khoon, who kept his "outperform" call, said the research house had cut its TP to RM9.05 from RM7.80 previously based on 12 times calendar year 2022 estimated (CY22E) earnings per share (EPS) as the research house rolled over its valuation base from CY21 to CY22.

Sure or not cut the TP or raise TP? someone has water in the brain.

we have IBs on our side to push the price higher.

If IBS are holding and wanted to push the price so that they can sell , why should i sell now!

gloves are needed more for testing and vaccination than actual hospitalization, you forgot the main point.

However, despite cutting their TPs for Supermax, both research houses raised their earnings forecasts due to higher ASPs seen for the coming quarters.

Kenanga said it likes Supermax for its original brand manufacturing (OBM) model, which enables it to extract higher margins from distributor pieces compared to original equipment manufacturer (OEM) models at lower factory prices.

“[We] raise [our] FY21E/FY22E net profit by 27%/16% after hiking our ASP [assumptions] from US$65/1,000 pieces and US$45/1,000 pieces to US$70/1,000 pieces and US$50/1,000 pieces respectively,” said Choo.

RHB also increased its forecast for FY21 by 36% due to a higher ASP assumption.

“However, we maintain our FY22F-23F earnings as we keep [our] ASP assumptions unchanged. Note that our FY21-23F blended ASPs of US$89, US$57 and US$48 already assume an ASP decline in the future once Covid-19 ends,” said Lim.

In the short term, Lim said RHB expects earnings for Supermax to continue to rise for 3QFY21.

“Beyond that, Supermax is a beneficiary of stable glove growth demand of 8%-10% annually. Our ESG (environmental, social and governance) score for Supermax is 2.89,” added Lim.

if we should not believe when theire TP is high why should we believe it when TP is low. And read what they actually say? Someone brain is full of water.

Kenanga Research analyst Raymond Choo Ping Khoon, who kept his "outperform" call, said the research house had cut its TP to RM9.05 from RM7.80 previously based on 12 times calendar year 2022 estimated (CY22E) earnings per share (EPS) as the research house rolled over its valuation base from CY21 to CY22.

price go up due to demand for gloves not due to virus case ooi dungu

glovefinish Usually funds would sell in advance ahead of u retailers as they have better source of information, better analysis and better ability to forsee future.



Precisely right, they are gad in the stock market, they are not selling yet, why we panic sell?

all the funds will wait for the pandemic to cover/under control only sell, than why we sell now? Those funds stupic and don't want to push the price higher? just gonna sell when the price dropping?

you are getting worse in your story lar!!!!

what happens to this avenger? drop team?

why suddenly so high?

no, but the recovery stocks will come down lor. than only we abang adik mah right

be careful all those in recovery theme, when din din announced stricter MCO that time ... ...

https://www.newindianexpress.com/cities/bengaluru/2021/feb/02/experts-be-transparent-on-vaccine-deaths-2258290.html

Snowpiercer I don't think it will ever go to over RM9.....unfortunately

luckily your opinion doesn't matter

save it lar, even if we sell the gloves also won't buy vaccines stock. If glove with worldwide market also you think it is not good business what more your tiny profit from the vaccine can push the share prices up kah?

Gamestock is a company losing money for years and the share prices has risen to ridiculous high, it will come down eventually. TG share price has been manipulated to be lower than it should be, if it risen to RM80/100 than only you need to worry.

glovefinish we are dreamer, at least we have a reason to dream. What are you doing here again?

vaccine for all American? imagine the number of gloves they need.

the pandemic will not come under control for another 2-3 years

why don't hold and see what is the news from US, ST will not wake up one day and decide to build a factory in US. What is it to lose now to hold?

Stockisnotfun Ya of course won't collapse like what jp Morgan stated. But under the consideration ASP might have a chance to be reduce, then the room of growth is limited from now. At least we know there's a growth limit.

Slower growth is definite, as these 2-3 years will be super profit. But the disposable gloves market is still predicted to grow with CAGR of 20-30% for the next 5 years, which is very good.

the glove has it's existing market, many long term buyer and users. The ASP is only 10-30% of the total sales volume, even when ASP is down, the company revenue will not collapse like what some predicted.

https://www.scmp.com/week-asia/health-environment/article/3119674/coro...

Lawrence Gostin, a professor at Georgetown University who heads the WHO Collaborating Centre on National and Global Health Law, said it was “wholly unrealistic” to expect the world to achieve herd immunity in the short term.
Low-income countries were unlikely to be able to complete mass vaccination programmes before 2024, he said, owing to costs and vaccine scarcity.
“Even then, the virus is likely to become endemic,” he added.

https://www.scmp.com/week-asia/health-environment/article/3119674/coronavirus-what-if-vaccines-arent-enough-herd

Lawrence Gostin, a professor at Georgetown University who heads the WHO Collaborating Centre on National and Global Health Law, said it was “wholly unrealistic” to expect the world to achieve herd immunity in the short term.
Low-income countries were unlikely to be able to complete mass vaccination programmes before 2024, he said, owing to costs and vaccine scarcity.
“Even then, the virus is likely to become endemic,” he added.

In the last three months, several super-variants have emerged that are 30 to 70 per cent more infectious than the original Wuhan strain.

The old COVID-19 doubled its numbers every 40 days under a particular set of restrictions; under the same conditions, the variants double every 10 days. That means they can outrun any vaccination campaign.*

That means if you haven’t eliminated — or almost eliminated — cases in your region, you are going to learn the meaning of grief.

These highly-contagious variants have emerged in jurisdictions with high infection rates: the U.K., Brazil, South Africa and California. They became global tourists months ago, before you read about them.

In the last three months, several super-variants have emerged that are 30 to 70 per cent more infectious than the original Wuhan strain.

The old COVID-19 doubled its numbers every 40 days under a particular set of restrictions; under the same conditions, the variants double every 10 days. That means they can outrun any vaccination campaign.*

That means if you haven’t eliminated — or almost eliminated — cases in your region, you are going to learn the meaning of grief.

These highly-contagious variants have emerged in jurisdictions with high infection rates: the U.K., Brazil, South Africa and California. They became global tourists months ago, before you read about them.

The Virus Changed. Now We Must ‘Get to Zero’ or Face Catastrophe
Half measures haven’t worked. It’s time to beat the virus the way other places have done.

You may search this article online for info, i3 doesn't alow me to post link.

Patrick Mallon, a professor of infectious diseases in Dublin, knows that letting the virus simmer in the population was a huge mistake.

“I think that what we’re experiencing is the inevitable outcome of that strategy,” he told Der Spiegel.

“I think that this is a lesson that governments around Europe should learn. What is happening in Ireland shows just how vulnerable countries are that are trying to live with the virus, and that it’s becoming increasingly more difficult to do that dealing with the new variant of the virus. What’s happened in Ireland really just shows you how unpredictable this virus is.”

And what did the U.K.’s chief scientific adviser Sir Patrick Vallance say after COVID-19 killed 50,000 citizens in the last three months? “The lesson is go earlier than you think you want to, go harder than you think you want to, and go a bit broader than you think you want to in terms of applying the restrictions.”

The Virus Changed. Now We Must ‘Get to Zero’ or Face Catastrophe
Half measures haven’t worked. It’s time to beat the virus the way other places have done.

You may search this article online for info, i3 doesn't alow me to post link.

Patrick Mallon, a professor of infectious diseases in Dublin, knows that letting the virus simmer in the population was a huge mistake.

“I think that what we’re experiencing is the inevitable outcome of that strategy,” he told Der Spiegel.

“I think that this is a lesson that governments around Europe should learn. What is happening in Ireland shows just how vulnerable countries are that are trying to live with the virus, and that it’s becoming increasingly more difficult to do that dealing with the new variant of the virus. What’s happened in Ireland really just shows you how unpredictable this virus is.”

And what did the U.K.’s chief scientific adviser Sir Patrick Vallance say after COVID-19 killed 50,000 citizens in the last three months? “The lesson is go earlier than you think you want to, go harder than you think you want to, and go a bit broader than you think you want to in terms of applying the restrictions.”

Ibelieve Stay in Super during rainy day.

Aiyaaaaaaaaa.........

https://klse.i3investor.com/blogs/glovestronk/2021-01-31-story-h1540242395-Glove_is_Bitcoin_Glovestronk.jsp

High entry barrier, supply chain issues, licensing huddle, continue to grow demand. why panic now?

i do not need to see to believe it, you are.

gemfinder Not only short selers sell. Fund mangers that bought very chesp oso chao. Thx waterfish that pushup high

Fund managers who are so smart and know all still not yet chao if they are thinking that glove cannot sustain like you? They need retailer to push up the price to sell? you are joking right?

PunTatBerSiul "Dont predict market movement coz we r not GOD "

Tell that to stock anal yeasts from investment banks.

they are the one who set target price.


Between, how do you know there is GOD?
Have you seen or met him/her or is it just your imagination?

No wonder you are out of your mind, cause you have not seen it and can't touch it. Kelian.

got wholly water mah, no worry

Icon8888 This only applicable in US my friend, go find out what is the different between Malaysia Version short selling and US Version.

How is it different, the hedge fund is still selling shares that they borrow and not belong to them.

ok lar since you don't want to talk about fundamentals than we talk about goreng lar, there are many IBs in the market, some are selling SW with a high premium, if Supermax shares price continues to be around 5/6/7 how are they going to sell the SW ler. So they also need to give a good story and high TP to lure another batch of kopitiam uncle and aunty in the buy right? So, what makes you think that only retailers are pushing the price?

i believe there is some good news from US plant, those ppl who said higher labour cost and this and that, you think ST don't know. He is in the business since the day you are born or still in diaper maybe.

There must be a reason for the US and UK expansion and possible long term agreement on the table. Why PPE is a national security issue, imagine if today there is a bioweapons war, you think PPE is important to defence or not?

Pecahan kes baharu (5,728), highest yet again. Careful guys.

seriously if this counter will have a big sell down on Tues, why you two keep on making statements here? nothing better to do?

with your logic, none of the counter in KLSE need to exit lor, all close shop cause no one will be buying. Which counter in KLSE has an exclusive high barrier for anytthing?

weekend so here talk eat talk west, if so sure your master will win why come here in the first place? you see grandmaster go talk to the junior player and tell them i will crush you before game or not?

Honesty TG ROI for 20yrs, yes you are right if you bought at the IPO price and not when you bought at the peak. Please make some sense and dont talk nonsense just to save face !!

Dumb, I didn't say this to save face. With the previous record, worst case I will get back my current lost in 3 years time. Just wait lor, mana tao there will be another pandemic soon or some big fund finally realised that this is a profitable company. You say no big fund investing> Go see who is the top holder of TG share lar. Even that JPee M also got so many shares. If they really believe TG worth RM3.5 than sell lar, why hold.

I no worry why you so worry.

if you go study TG ROI in shares for the past 20 years, than you will know why i say i am not burning.

Me stay at 9th floor still here ya, didn't get burn also. The worst-case scenario, waiting for next pandemic lor..

good thing the result came out on Friday after 5pm, got 3 days for we all to cool down. LOL.

why, you want to share with me? Share what first?

Agjl staedy FD rate of 1.75 to 2% is per annum lar, this Supermax divided for this quarter only ooo?
29/01/2021 11:51 PM

Of course glovefinish knew supermax dividend is quarterly but purposely compare to annual FD rate.

Cant blame glovefinish to resort to low tactic to mislead readers to achieve his or her purpose...sigh...how low can u go my dear? Hehe

Wah, you call her dear, nanti IBelieve jerlous.

@glovefinish you didn't own the shares so don't know lar, we also got bonus issue and share dividend. Haiyaaaa..... ask you do more research first than only comment, nowadays kopitiam uncle and aunty also know how to do research liao lar