@eikoner Lol. Whatever floats your boat bro. Keep living in the bubble.

Shortages wont help gloves..supply will overlap demand soon. Asp falling down hahaha. Cost is increasing too.

Thats why i said supply will be saturated since there's no moat in glove industry unless stanley owns all the rubber plantation land in the world.

It would be funny if supermax can turn gloves into a luxury item since supermax is using OBM.

If u buy samsung instead of apple, the quality is different in that both have a different OS and user interface. Not to mention the brand of apple which connotes luxury. That's thr moat of apple. Gloves got what? LOL

@eikoner

HAH. Some are moving to natural rubber due to long lead times.

What i mean by substitutable is (ok pardon me for not elaborsting more), buyers can choose from different sellers without compromising the quality and purpose.

Since warren bufett only invest in companies that have a moat, he will not touch glove businesses with a 15ft pole.

Glove is a very easy substitutable item. Pricing is very important. New players coming in will decrease ASP and increase the cost of raw materials more.

Supermax just happened to be established as an OBM at the right time.

@vacinneneedgloves exactly. I dont know why supermax choose the OBM model. They have been underperforming harta A LOT.

China will spoil the market for sure. I forsee them increasing their market share to 40% from 33%. Malaysian market share will decrease from 66% to 50 +%. Thailand, indonesia, germany, vietnam...u NAME IT. No moat = deep trouble.

Because glove is desd. Move ob to recovery stockz

@eikoner i have forgotten what month i bought lol. The reason why i mistakenly said feb because most people bought in feb. So i thought i bought the same price as them but i bought after the first correction in may.

@stockraider agree...finally someone talk sense lol

@eikoner. Buying gloves in may is a no brainer move. I didnt even bother to check thr fundamentals. Just all in as i knew shit would hit the ceiling fan.

Had supermax have a moat, i would have stayed. Now every tom dick and harry also join the glove business. Wtf.

@stockraider exactly. Management in harta, topglove and supermax still living in bubble like some people here.

We say the same thing because it's the bitter truth.

Bought at rm 3.5 and left at rm 9.8 when i realized market is not pricing more growth in supermax after qr 1 annoucement.

Haiyoo..why make the whole market red.

Supermax dropped the most because supermax is the first one to reach the peak asp due to its obm model. Tg and harta wont be much affected since they have the capacity which super doesnt have.

Up 20% then down 5 days for 5% each day.

That's a 1 day show lol. I buy recovery stocks that can keep going more than 100%.

Always 1 day up 5 days down. Downtrend for real.

They never take supply side into account. It's going to be very saturated with new players.

Exactly, bursa doesnt have common sense. Move to recovery stocks. Market is pricing in future growth in recovery stocks. Glove is over.

Bitter truth indeed. Ignoring wont make you avoid the reality. Better live in the reality than hoping for a better outcome.

Price has been on downtrend.

Most people here are just delusional

I still remember tg boss said, vacinne wont be created so soon. Demand will be very high.

Reality: vacinne created in less than a year and new entrants coming in to saturate the supply side. Raw material price increasing.

When there's more supply, it isnt easy to pass the cost when buyers have the optionality to choose from the other seller since it's a commoditized industru.

Why would ib pay people to come here spread negative news? Lol. The people herr barely constitute 1% of the market

It's not that easy to pass to consumers. This is an assumption as well.

@vacinneneesgloves coz they are. Look at their past performances. Mostly join the glove bandwagon are goreng companies

But their valuation may be a little off.

Jp morgan analysis is right. No bias.

lol. Asp and raw material have no clear direct relationship. New entrants are demanding more raw materials. Hence, raw materials price go up. Asp has already reached its peak. If u compare super q1 and q4 (2020) . The quarter on quarter performnace has dropped

There's no moat in glove industry. Tech industry wont be much affected because their moat is strong. Not every tom dick and harry can get into the business. In malaysia, you can see AT, Mahsing, inix and others joining the glove bandwagon. Let alone other countries.

That's what market is pricing in

Those who say asp keep increasing is not aware that raw material price is increasing way more than asp. New supply coming in will make asp drop further and q2 q3 profit in 2021 will defintely drop

Market already knows the superb profit in q1 but market is pricing in post covid valuations.

Bad call by bursa to include supermax in the index. Klci will fall lower.

Today will be the last day of parliament. Pfizer vacinne will be in the discussion.

https://www.google.com/amp/s/www.malaymail.com/amp/news/malaysia/2020/12/17/supply-of-covid-19-vaccine-temporary-measures-bill-to-be-discussed-on-final/1932671

Hold tight. Approval from agong will be known soon in parliament.

Whole klci falling

Closing 960. Very good.

Airasia right now is like solutn before breaking the rm 1 barrier and straight to rm 2

Experience*

18 years expereince but mindset like a little boy

On vacinne approval

Wait for agong annoucement.