@mobbs68 pity your family to have raised a son like you to call others retard. Reflects poorly on your upbringing and your parents. Such a poor boy getting angry and cannot accept facts. You are the typical short term punters out of work and trying to make some chicken feed in glove while experienced investors already know Supermax is a short term bet.

Supermax was the smallest among the big 4 for many many years for a reason. I never argue with money and never fall in love with any companies. Supermax will make more money than Harta for the next 2 years for a fact so I've shifted money to supermax. There are lots of inexperienced retail investors chasing the counter due to low PE (now) and it's a good bet for the next 2 years. Enjoy the ride up but remember to look out for sign of over supply post 2022. Cheers

@NoNonsenseHere really hard sell Supermax. Have you run any big business in your life before? Do you understand what is contractual agreement? If you can answer the questions, then you will understand why Harta lagged Supermax in the last 2 qtrs.

Selling the product OBM style is easy peasy during product shortage, don't you know? Harta is tied down with contractual obligation but is slowly raising price. I have no doubt Supermax will continue to outshine Harta as long as supply is constrain but longer term post Covid in 2022, only the one with lowest cost per unit will survive and I'm sure Harta will regain the spot.

I'm invested in Supermax for the short term profit growth spurt but long term will shift back to Harta once supply normalise. During glove mania, it's easy to make lots of money. You will only know who is the best when demand normalised. We all know who is the best glove stock during normal time, and it's not Supermax btw

1) Supermax PAT margin above 60%. Capacity about 26 billion gloves

2) Hartalega PAT margin about 40%. Capacity about 41 billion gloves.

3) Due to product shortage, Supermax OBM model will reap highest PAT margin until at least 2022.

4) Short term investors could ride on Supermax superbull cycle.

5) OBM is easy to replicate for other glove companies too, especially with buyers knocking on the door and willing to pay spot price. Other glove makers especially Topglove are catching up and allocating more products for spot and OBM.

6) Do not discount off Harta yet. It's the most efficient manufacturer with the highest margin before Covid outbreak. Cost per unit is the lowest and during a price war, it will have the biggest margin to throw

1) Already mentioned earlier to wait till end Oct or early Nov before reenter. Let those warrants expire first. Why want to knock you head knowing IBs will press down the price?

2) The sell down in glove counters had nothing to do with vaccine availability affecting glove demand. Look at no glove Mah Sing price holding firm despite run up in the past few days. It would have crashed too if demand for glove really decimated. Reason Mah Sing did not drop is because there are no warrants expiring on the counter and no IB manipulating the price.

3) Take this opportunity to collect if price drop more tomorrow. First gen vaccine efficacy is only 50% ie 50% of the population will still get infected if exposed. Hospitals will still implement the same strict SOP and glove usage will still remain elevated till at least 2022.

4) Contra kaki stay away from gloves if you cannot invest long term. This is a long term business. Those who bough just hold on long term. The peak for glove price has yet to come.

5) Avoid CWs when you see the mother share rising steeply and the CWs in the money. You may think you spotted a good deal and other investors are dumb to buy mother share instead of warrant. Just wait till IB press down the price and you lose all money in the CW. You will know who is dumb in the end.

6) Stay away from the wannabe new glove comers. By the time they completed the factory, pandemic might be under control by 2022 and price normalising. The big 4 with low cost advantage can survive and press down the price to push the new entrants out of business. This is not the first time glove industry going through boom and bust. Only the fittest will survive and the new ones are unlikely to be around for long. Just look at the new face mask manufacturers closing down one after another. Only the old boys still remain strong. Same will happen to gloves here.

7) Harta has the lowest cost among the big 4 before the pandemic. Topglove is chasing up with automation and cost reduction but due to difference in ASP, it's hard to tell if Topglove will eventually be on par with Harta in term of cost per unit glove. Supermax will be the highest margin due to OBM but doubt it's doing enough to cut down cost.

8) Look beyond 2022 when pandemic is brough under control and price normalising. It will not come back down to pre crisis level as era of cheap labour is over and glove companies will pay more to foreign workers to avoid being accused of forced labour

9) Sri Trang is playing dirty tricks to hit Malaysian glove manufacturers. The current issue with US CBP was due to their instigation. Magma should hit them back. Sri Trang factories are likely staffed by illegals from Laos and Myanmar living in worse conditions.

Hope all make more money. Cheers!

1) Already mentioned earlier to wait till end Oct or early Nov before reenter. Let those warrants expire first. Why want to knock you head knowing IBs will press down the price?

2) The sell down in glove counters had nothing to do with vaccine availability affecting glove demand. Look at no glove Mah Sing price holding firm despite run up in the past few days. It would have crashed too if demand for glove really decimated. Reason Mah Sing did not drop is because there are no warrants expiring on the counter and no IB manipulating the price.

3) Take this opportunity to collect if price drop more tomorrow. First gen vaccine efficacy is only 50% ie 50% of the population will still get infected if exposed. Hospitals will still implement the same strict SOP and glove usage will still remain elevated till at least 2022.

4) Contra kaki stay away from gloves if you cannot invest long term. This is a long term business. Those who bough just hold on long term. The peak for glove price has yet to come.

5) Avoid CWs when you see the mother share rising steeply and the CWs in the money. You may think you spotted a good deal and other investors are dumb to buy mother share instead of warrant. Just wait till IB press down the price and you lose all money in the CW. You will know who is dumb in the end.

6) Stay away from the wannabe new glove comers. By the time they completed the factory, pandemic might be under control by 2022 and price normalising. The big 4 with low cost advantage can survive and press down the price to push the new entrants out of business. This is not the first time glove industry going through boom and bust. Only the fittest will survive and the new ones are unlikely to be around for long. Just look at the new face mask manufacturers closing down one after another. Only the old boys still remain strong. Same will happen to gloves here.

7) Harta has the lowest cost among the big 4 before the pandemic. Topglove is chasing up with automation and cost reduction but due to difference in ASP, it's hard to tell if Topglove will eventually be on par with Harta in term of cost per unit glove. Supermax will be the highest margin due to OBM but doubt it's doing enough to cut down cost.

8) Look beyond 2022 when pandemic is brough under control and price normalising. It will not come back down to pre crisis level as era of cheap labour is over and glove companies will pay more to foreign workers to avoid being accused of forced labour

9) Sri Trang is playing dirty tricks to hit Malaysian glove manufacturers. The current issue with US CBP was due to their instigation. Magma should hit them back. Sri Trang factories are likely staffed by illegals from Laos and Myanmar living in worse conditions.

Hope all make more money. Cheers!

1) Already mentioned earlier to wait till end Oct or early Nov before reenter. Let those warrants expire first. Why want to knock you head knowing IBs will press down the price?

2) The sell down in glove counters had nothing to do with vaccine availability affecting glove demand. Look at no glove Mah Sing price holding firm despite run up in the past few days. It would have crashed too if demand for glove really decimated. Reason Mah Sing did not drop is because there are no warrants expiring on the counter and no IB manipulating the price.

3) Take this opportunity to collect if price drop more tomorrow. First gen vaccine efficacy is only 50% ie 50% of the population will still get infected if exposed. Hospitals will still implement the same strict SOP and glove usage will still remain elevated till at least 2022.

4) Contra kaki stay away from gloves if you cannot invest long term. This is a long term business. Those who bough just hold on long term. The peak for glove price has yet to come.

5) Avoid CWs when you see the mother share rising steeply and the CWs in the money. You may think you spotted a good deal and other investors are dumb to buy mother share instead of warrant. Just wait till IB press down the price and you lose all money in the CW. You will know who is dumb in the end.

6) Stay away from the wannabe new glove comers. By the time they completed the factory, pandemic might be under control by 2022 and price normalising. The big 4 with low cost advantage can survive and press down the price to push the new entrants out of business. This is not the first time glove industry going through boom and bust. Only the fittest will survive and the new ones are unlikely to be around for long. Just look at the new face mask manufacturers closing down one after another. Only the old boys still remain strong. Same will happen to gloves here.

7) Harta has the lowest cost among the big 4 before the pandemic. Topglove is chasing up with automation and cost reduction but due to difference in ASP, it's hard to tell if Topglove will eventually be on par with Harta in term of cost per unit glove. Supermax will be the highest margin due to OBM but doubt it's doing enough to cut down cost.

8) Look beyond 2022 when pandemic is brough under control and price normalising. It will not come back down to pre crisis level as era of cheap labour is over and glove companies will pay more to foreign workers to avoid being accused of forced labour

9) Sri Trang is playing dirty tricks to hit Malaysian glove manufacturers. The current issue with US CBP was due to their instigation. Magma should hit them back. Sri Trang factories are likely staffed by illegals from Laos and Myanmar living in worse conditions.

Hope all make more money. Cheers!

1) Plastic manufacturing is very different compared to glove manufacturing. Just because you know how to make plastic, it won't make you an expert in glove. Hey, Mah Sing houses are even notorious for being sub quality. You think they can make gloves that pass FDA stringent requirement? Dream on.

2) Plastic manufacturing is so much easier compared to glove yet Mah Sing cannot make much money from the business they have years of experience in. Analyst and punters will be burnt speculating in Mah Sing. The management is using current high glove spot price as a basis to their economic model. The big 4 can really squeeze them out of business once this pandemic is over and take over the factories cheaply from Mah Sing.

3) Supermax last Qtr profit before tax was RM561 mil on RM929 mil revenue. ASP current qtr increase by 20-40%. Will likely see profit before tax hitting between RM750 mil to RM930 mil

EPF entry into Topglove tipped the equation. Slowly nibble

1) Topglove is really sending out a strong message to IBs and supporting share price at RM8. With quarterly earning of RM1.3 bil, it could afford to spend a lot more but I was hoping it will reserve the fire power and let the price drop much more before buy back. Wait till end of Oct just right before the warrants expire and attack the price till limit up few days in a row and let the IBs lick their wounds

2) EPF on board now and things should have stabilised. Very encouraging signs for long term investors.

3) Don't play contra. Invest long term. Cheers

1) Those who joined the party late but did not sell out at the start of correction and holding on till now will be sitting on significant paper loss. It will go up periodically but overall direction will be down until a significant tranch of warrant expire in Oct before glove counters can move up again unimpeded by hidden hands. If you have holding power, just hold on long term. No point to cut loss now as you timed it wrongly. Glove will continue to deliver strong profit for next 3 years so just wait it out since it's too late for you to exit now.

2) In fact I'm starting to slowly bottom fish now following Harta chairman reassuring that glove shortage will last for next 3 years. He has been in the industry for more than 30 years and see things that people from outside could not. He's a man of few words and seldom give bullish guides like this for fear of misguiding investors. This crucial piece of info from him is important coz as long as the shortage could not be addressed, margin will remain high. Those analyst can write nonsense report about demamd crash post vaccine to serve their objectives but focus on the real business. Demand more than supply by 120 billion pieces now and will take 4 years to catch up.

3) TG QR result today further reaffirmed that industry order secured for next 400 days with deposit taken. Nett profit margin shot up to 44%. FYI, Supermax already hit 44% nett profit margin last qtr and this quarter will easily smash 50% margin. 90% gloves are sold via OBM channel and no other glove company will come near to Supermax OBM margin as long as shortage continue for next 3 years.

4) Fundamentally nothing changed. Demand is still strong and ASP still rising but hidden hands are at work now to shake investor confidence. I'm slowly nibbling at glove today. It's so much easier to buy cheap shares now with panic investors selling out at close to bottom and I could buy even more since I cashed out early. Consider to start bottom fish slowly towards Oct.

5 Indeed TG fundamental is strong but you have to know who you are betting against ie the IBs. Just wait for the warrants to expire and the sky will clear up.

7) Stop listening to KYY. He is peddling half truth to his benefits. Newbies should learn how to read financial reports instead of asking for tips and following KYY. Numbers tell no lies. The financial report is your best source of info and TG RM1.3 billion nett profit per quarter is real numbers. EPS 15 cents per quarter is real number and will keep rising. Topglove estimated EPS for the year min RM0.90 x 20 easily RM18 if you can hold for next 3 years

8) Invest only with your excess money. Those aunties and uncles investing with retirement funds and FD's, don't treat share investment like casino. You cannot afford to start all over again at your age. Invest in long term dividend yielding stocks and you will be fine. I pity one KYY follower who claimed he lost all his retirement money for following his advice.

1) Cast your view globally to see what is happening to other major glove companies worldwide. Sri Trang and Mercator medicals share prices are holding firm at the top. Vaccine news did not dent sentiment. Demand and ASP remain strong for the next 3-4 years, this is an established fact.

2) Gh6love is the rare bright spot during Covid pandemic. Only in Malaysia you have IBs with vested interest issuing contradicting reports within weeks to stem their loss for the soon to expire structured warrants.

2) Topglove and Supermax management should be blamed partly for issuing bonus shares and attracting the inexperienced investors into the fray when the structured warrants are about to expire. You attract all sort of ikan bilis flocking in to buy the "cheaper" share and they end up being fed to the sharks. It is best to let the structured warrants to expire before one declare bonus issue or treasury shares payout.

3) KYY is just a small fish by IB standard. His firepower can move counters like HLT, Comfort etc but not the top 4 counters in a significant way. He is indeed an experienced investor and swimming with the sharks. Problem is he peddles half truth to lead people to step into his traps. Follow what he does, not what he says.

4) I sold out at the beginning to correction and sitting on significant gain after holding Harta for more than 10 years. I have always been consistent that I'm long term bullish on gloves and will reenter when price stabilise and ikan bilis flushed out. Best days for gloves are ahead.

5) Invest only with your excess money. Those aunties and uncles investing with retirement funds and FD's, don't treat share investment like casino. You cannot afford to start all over again at your age. Invest in long term dividend yielding stocks and you will be fine. I pity one KYY follower who claimed he lost all his retirement money for following his advice.

6) Be prepared to invest for the long term. Glove compounded annual growth is in excess of 15% yearly. If you timed it wrongly, as long as you keep it for long term, you will get back the return in a few years time.

7) Reading some comments here, there are quite a lot who know nuts about cash settled warrants and simply buying coz they are cheaper. As long as they are still investors like them in the market, IBs will be happy to snack on them. Stay away from companies with a lot of warrants expiring. The share price will have limited upside.

Cheers

1) @Lewis Lee if you notice, Harta price is the most stable. Some might complain it's a laggard but shareholders were not skinned alive like what TG and Supermax shareholders are facing now. When the top shareholder has more than 50% company shares, which only the Kuan Family of Harta does (among the top 4 glove companies), IBs will not want to issue structured warrants on the company as they are too illiquid.

2) Topglove and Supermax management should be blamed partly for issuing bonus shares and attracting the inexperienced investors into the fray when the structured warrants are about to expire. You attract all sort of ikan bilis flocking in to buy the "cheaper" share and they end up being fed to the sharks. It is best to let the structured warrants to expire before one declare bonus issue or treasury shares payout.

3) KYY is just a small fish by IB standard. His firepower can move counters like HLT, Comfort etc but not the top 4 counters in a significant way. He is indeed an experienced investor and swimming with the sharks. Problem is he peddles half truth to lead people to step into his traps. Follow what he does, not what he says.

4) I sold out at the beginning to correction and sitting on significant gain after holding Harta for more than 10 years. I have always been consistent that I'm long term bullish on gloves and will reenter when price stabilise and ikan bilis flushed out. Best days for gloves are ahead.

5) Invest only with your excess money. Those aunties and uncles investing with retirement funds and FD's, don't treat share investment like casino. You cannot afford to start all over again at your age. Invest in long term dividend yielding stocks and you will be fine. I pity one KYY follower who claimed he lost all his retirement money for following his advice.

6) Be prepared to invest for the long term. Harta compounded annual growth is in excess of 20% yearly. If you timed it wrongly, as long as you keep it for long term, you will get back the return in a few years time.

Cheers

1) Those who bought but never sold at the start of correction, just hold long term. Price will go up again in Nov after warrant holders flushed out.

2) Those not yet buy, wait till early Nov to buy. Prepare your capital for next upswing. US will approve another USD3 trillion pandemic relief fund before the presidential election in Nov and it will pump up the equity market just like what it did back in April

3) Those who cheered the company for share buybacks last week obviously do not understand the fundamentals of share investment. Management should not waste shareholder fund now to embark on share buyback and prop up the price to safe warrant holders. Let the warrant holders learn a lesson. They are not shareholders but merely freeloaders leaching on our way up. The money could be better used for factory expansion to give better ROE or buyback after Nov.

4) The super profit cycle will last 3 years until all the shortfall of 120 bil gloves could be met by production increase. Buy and hold. Supermax could earn 80 cents per share yearly for next 3 years. Target price by 2023 easily RM16. Just hold long term. You will not lose money in glove unless you listen to KYY and time the market.

5) Never invest in structured warrants if you are a new investor. If you are warrant holders, you better dump all while you still can before they expire and you are left with nothing.

Cheers

1) Those who joined the party late but did not sell out at the start of correction and holding on till now will be sitting on significant paper loss. It will go up periodically but overall direction will be down until a significant tranch of warrant expire in Oct before glove counters can move up again unimpeded by hidden hands. If you have holding power, just hold on long term. No point to cut loss now as you timed it wrongly. Glove will continue to deliver strong profit for next 3 years so just wait it out since it's too late for you to exit now.

2) In fact I'm starting to slowly bottom fish now following Harta chairman reassuring that glove shortage will last for next 3 years. He has been in the industry for more than 30 years and see things that people from outside could not. He's a man of few words and seldom give bullish guides like this for fear of misguiding investors. This crucial piece of info from him is important coz as long as the shortage could not be addressed, margin will remain high. Those analyst can write nonsense report about demand crashing post vaccine to serve their objectives but focus on the real business. Demand more than supply by 120 billion pieces now and will take 4 years to catch up.

3) TG QR result today further reaffirmed that industry order secured for next 400 days with deposit taken. Nett profit margin shot up to 44%. The industry best results are still ahead. ASP are still rising. 60% nett profit is possible next Qtr and LWC is confident TP will overtake Maybank.

4) Fundamentally nothing changed. Demand is still strong and ASP still rising but hidden hands are at work now to shake investor confidence. I'm slowly nibbling at glove today. It's so much easier to buy cheap shares now with panic investors selling out at close to bottom and I could buy even more since I cashed out early. Consider to start bottom fish slowly towards Oct.

5) Stop listening to KYY. He is peddling half truth to his benefits. Newbies should learn how to read financial reports instead of asking for tips and following KYY. Numbers tell no lies. The financial report is your best source of info and TG RM1.3 billion nett profit per quarter is real numbers. EPS 15 cents per quarter is real number and will keep rising. Topglove estimated EPS for the year min RM0.90 x 20 easily RM18 if you can hold for next 3 years

1) Those who joined the party late but did not sell out at the start of correction and holding on till now will be sitting on significant paper loss. It will go up periodically but overall direction will be down until a significant tranch of warrant expire in Oct before glove counters can move up again unimpeded by hidden hands. If you have holding power, just hold on long term. No point to cut loss now as you timed it wrongly. Glove will continue to deliver strong profit for next 3 years so just wait it out since it's too late for you to exit now.

2) In fact I'm starting to slowly bottom fish now following Harta chairman reassuring that glove shortage will last for next 3 years. He has been in the industry for more than 30 years and see things that people from outside could not. He's a man of few words and seldom give bullish guides like this for fear of misguiding investors. This crucial piece of info from him is important coz as long as the shortage could not be addressed, margin will remain high. Those analyst can write nonsense report about demamd crash post vaccine to serve their objectives but focus on the real business. Demand more than supply by 120 billion pieces now and will take 4 years to catch up.

3) TG QR result today further reaffirmed that industry order secured for next 400 days with deposit taken.

4) Fundamentally nothing changed. Demand is still strong and ASP still rising but hidden hands are at work now to shake investor confidence. I'm slowly nibbling at glove today. It's so much easier to buy cheap shares now with panic investors selling out at close to bottom and I could buy even more since I cashed out early. Consider to start bottom fish slowly towards Oct.

5) Stop listening to KYY. He is peddling half truth to his benefits. Newbies should learn how to read financial reports instead of asking for tips and following KYY. Numbers tell no lies. The financial report is your best source of info and TG RM1.3 billion nett profit per quarter is real numbers. EPS 15 cents per quarter is real number and will keep rising. Topglove estimated EPS for the year min RM0.90 x 20 easily RM18 if you can hold for next 3 years

6) For long term investment, hold Harta as it will have the fastest capacity gain in the next 7 years. Just buy the company and treat it as FD. That is how I earned RM7 mil from Harta for keeping it for more than 10 years. Don't worry about temporary price fluctuation. Fundamental is intact

1) Dow Jones, S&P 500 and Nasdaq meltdown continues. Those who bought yesterday thinking selling was overdone and bargain hunt are pulling themselves into a bottomless pit.

2) Time to bargain hunt is not now during a great fall but once it started to bottom and stabilise. Who still dare buy gloves for short trade when you know IBs are motivated to press down the price further to avoid compensating warrant holders? Wait until the warrants expire in Oct 2020.

3) So many already got trapped and seeing their wealth destroyed. If you think you can fight against the IBs pressing down the stock, go ahead and grab the falling knife from them. Listen to the sifus here who advised you to keep holding and buying since 2 weeks ago. They are still cheering you to hold and buy. Thank them for the advice. A broken clock will tell you the right time once in a while but after 2 weeks and 40% wealth wiped out, they are still telling you the same wrong advice.

4) Such fierce sell down is not normal correction but stampede out for exit. If you think the market will have a V shape recovery and you can live happily ever after, you must be new to stock investment.

5) I will buy gloves again but only when prices come back to reasonable level ie

Fair value post pandemic in 2023 as below:

Hartalega = RM7.50
Supermax = RM2.50 (after adjusting for BI)
Topglove = RM2.13 (after adjusting for BI)

Market could be up slightly today but the sell down will continue for many more weeks. Risk reward not justified to reenter at current level.

6) Topglove and Supermax will continue to burn good money to buy back own shares. They have high cash reserve now but as long term share holders, you can see how dumb the management are to waste good money now chasing stock price instead of waiting it out and take over competitors on the cheap after the bust. LWC overpaid hundreds of millions to buy a bogus Aspion and is repeating the same mistake again with shareholders fund

7) Don't be tempted to bargain hunt in the short term. Wait out for the warrants to expire.

Cheers

1) Dow Jones, S&P 500 and Nasdaq meltdown continues. Those who bought yesterday thinking selling was overdone and bargain hunt are pulling themselves into a bottomless pit.

2) Time to bargain hunt is not now during a great fall but once it started to bottom and stabilise. Who still dare buy gloves for short trade when you know IBs are motivated to press down the price further to avoid compensating warrant holders? Wait until the warrants expire in Oct 2020.

3) So many already got trapped and seeing their wealth destroyed. If you think you can fight against the IBs pressing down the stock, go ahead and grab the falling knife from them. Listen to the sifus here who advised you to keep holding and buying since 2 weeks ago. They are still cheering you to hold and buy. Thank them for the advice. A broken clock will tell you the right time once in a while but after 2 weeks and 40% wealth wiped out, they are still telling you the same wrong advice.

4) Such fierce sell down is not normal correction but stampede out for exit. If you think the market will have a V shape recovery and you can live happily ever after, you must be a farmer new to stock investment.

5) @Albukhary yes I have invested in gloves since 2008. I will buy gloves again but only when prices come back to reasonable level ie

Fair value post pandemic in 2023 as below:

Hartalega = RM7.50
Supermax = RM2.50 (after adjusting for BI)
Topglove = RM2.13 (after adjusting for BI)

Market could be up slightly today but the sell down will continue for many more weeks. Risk reward not justified to reenter at current level.

6) Topglove and Supermax will continue to burn good money to buy back own shares. They have high cash reserve now but as long term share holders, you can see how dumb the management are to waste good money now chasing stock price instead of waiting it out and take over competitors on the cheap after the bust. LWC overpaid hundreds of millions to buy a bogus Aspion and is repeating the same mistake again with shareholders fund

7) Don't be tempted to bargain hunt in the short term. More downside than upside.

Lol @JohnFarmers looks who's talking. Someone who screamed at everybody to hold and don't sell and now still holding on to a sinking boat. Those who listened to your fake advice really have to thank you for ruining them financially. I have been consistent in my posting and you can check my comments.

I earned RM7 mil at the peak of the glove cycle but made a few wrong steps but still cashed out all with nett RM4.2 mil gain. Balik kampung tanam jagung lah farmer

1) Supermax and Topglove management are forever too eager to use good money to chase after bad deals, just like how they always overpay in mergers and acquisitions. Why didn't they use the money to buy shares early of the year when they are still cheap? Those money could be better utilized to buy land and expand the company capacity for better ROE instead of buying over-valued stocks now.

2) If the management is really gungho, buy share using personal money like what Hartalega boss did. Don't be too happy they are buying back shares now as they could be using own proxy account to sell their personal shares to the company? Small ikan bilis still cannot see through their tricks? The smartest person is Kossan boss Lim Kuang Sia who sold at close to the peak.

3) I earned RM4 million from gloves so far this round. Should I plan my budget on RM4 mil yearly earning for the rest of my life? Topglove and Supermax traditionally have low profit margin and will remain so post pandemic as ASP normalise. You might be new to glove and do not know the cyclical nature of supply and demand in this industry. If you think Topglove profit post pandemic will remain above RM400 mil per quarter, go back and study their historical profit for the past 10 years and you will see the answer for yourself.

4) Margin calls will ring. Funds will sell to lock in profit. Dow Jones and S&P 500 are in the red as I'm writing. Hold at your own risk. A falling knife cuts anyone on the way down. Buying on dip is a term created by fund managers to hoodwink naive investors to catch the knife from them. It may go up tomorrow but over the long term, price will tumble back to where they started before the pandemic. Cinderella will turn back into a poor girl for leaving the party too late.

Cheers

1) Glove is still the best sector to invest in post pandemic.

2) I have sold out early in the correction and with the extra RM4 mil capital I gained, I will be able to buy even more glove shares than I did at the beginning of the year and hold long term for capital appreciation.

3) A lot of inexperienced punters will cling on to the false hope of a miracle rebound. Many of us long term shareholders have average cost less than RM2 and we already made a bundle unloading them during the rally. If you jumped in at RM22 and want to make a quick buck, you must be dreaming. Wake up before you lose more.

4) The only way for you to regain your capital now is perhaps to hold the stock for another 10 more years, if you have holding power. Otherwise, sell before it corrects back to RM2.00. Remember rule number 1 of investment is to never lose your capital. Preserve them now and you can buy back more glove stock when they correct back to where they should be.

6) Macquarie article came after I posted the normalised earning scenarios post pandemic in 2023. At least more people are leaning not to count the chicks before they hatch. One year super profit cannot be used to predict future PE.

7) Fair value post pandemic in 2023 as below:

Hartalega = RM7.50
Supermax = RM2.50 (after adjusting for BI)
Topglove = RM2.13 (after adjusting for BI)

If you are are planning to buy back in 2020, the above price should be further discounted.

Hope all make money and preserve your capital during this downturn. Cheers

1) Glove is still the best sector to invest in post pandemic.

2) I have sold out early in the correction and with the extra RM4 mil capital I gained, I will be able to buy even more glove shares than I did at the beginning of the year and hold long term for capital appreciation.

3) A lot of inexperienced punters will cling on to the false hope of a miracle rebound. Many of us long term shareholders have average cost less than RM2 and we already made a bundle unloading them during the rally. If you jumped in at RM22 and want to make a quick buck, you must be dreaming. Wake up before you lose more.

4) The only way for you to regain your capital now is perhaps to hold the stock for another 10 more years, if you have holding power. Otherwise, sell before it corrects back to RM2.00. Remember rule number 1 of investment is to never lose your capital. Preserve them now and you can buy back more glove stock when they correct back to where they should be.

6) Macquarie article came after I posted the normalised earning scenarios post pandemic in 2023. At least more people are leaning not to count the chicks before they hatch. One year super profit cannot be used to predict future PE.

7) Fair value post pandemic in 2023 as below:

Hartalega = RM7.50
Supermax = RM2.50 (after adjusting for BI)
Topglove = RM2.13 (after adjusting for BI)

If you are are planning to buy back in 2020, the above price should be further discounted.

Hope all make money and preserve your capital during this downturn. Cheers

1) Glove is still the best sector to invest in post pandemic.

2) I have sold out early in the correction and with the extra RM4 mil capital I gained, I will be able to buy even more glove shares than I did at the beginning of the year and hold long term for capital appreciation.

3) A lot of inexperienced punters will cling on to the false hope of a miracle rebound. Many of us long term shareholders have average cost less than RM2 and we already made a bundle unloading them during the rally. If you jumped in at RM22 and want to make a quick buck, you must be dreaming. Wake up before you lose more.

4) The only way for you to regain your capital now is perhaps to hold the stock for another 10 more years, if you have holding power. Otherwise, sell before it corrects back to RM2.00. Remember rule number 1 of investment is to never lose your capital. Preserve them now and you can buy back more glove stock when they correct back to where they should be.

6) Macquarie article came after I posted the normalised earning scenarios post pandemic in 2023. At least more people are leaning not to count the chicks before they hatch. One year super profit cannot be used to predict future PE.

7) Fair value post pandemic in 2023 as below:

Hartalega = RM7.50
Supermax = RM2.50 (after adjusting for BI)
Topglove = RM2.13 (after adjusting for BI)

If you are are planning to buy back in 2020, the above price should be further discounted.

Hope all make money and preserve your capital during this downturn. Cheers

1) Just sharing my own experience this round and not being boastful or being sour. I made some serious mistake too in the last one month. I made 7 mil from Harta at the peak. All uncles and aunties in the market also talking about investing in gloves to earn a quick buck and I told myself it's time to exit soon but problem is the ride up was too thrilling it lulled me into thinking the record profit announcement will boost price up further. I waited further. Mistake 1, when people are greedy, it's time to sell.

2) I sold Harta a week after it started dropping, telling myself earning RM5.2 mil is better than seeing them evaporating. My timing was quite well but, mistake 2 came below.

3) After the Russian vaccine news correction, I saw opportunity to play short term and piled into Supermax for the OBM story play. In one day, I earned RM600k in contra and it further boosted my confidence. I did not realize this is a falling knife to catch.

4) From RM7 mil gain at the peak, I only took back RM4.2 million after a few missteps. It would be down to RM3 mil had I hold on to ego and not revisit my wrong assumptions that the record breaking profit for a year could be used as a benchmark to calculate forward PE. Fair value for Supermax post pandemic after adjusting for share split and normalizing profit margin plus new capacity will be less than RM2 per share.

5) I have invested in glove sector since 2008 and I know the cyclical nature. This boom is too good not to sell. Will reenter once pricing come down to reasonable level.

Cheers

1) Just sharing my own experience this round and not being boastful or being sour. I made some serious mistake too in the last one month. I made 7 mil from Harta at the peak. All uncles and aunties in the market also talking about investing in gloves to earn a quick buck and I told myself it's time to exit soon but problem is the ride up was too thrilling it lulled me into thinking the record profit announcement will boost price up further. I waited further. Mistake 1, when people are greedy, it's time to sell.

2) I sold Harta a week after it started dropping, telling myself earning RM5.2 mil is better than seeing them evaporating. My timing was quite well but, mistake 2 came below.

3) After the Russian vaccine news correction, I saw opportunity to play short term and piled into Supermax for the OBM story play. In one day, I earned RM600k in contra and it further boosted my confidence. I did not realize this is a falling knife to catch.

4) From RM7 mil gain at the peak, I only took back RM4.2 million after a few missteps. It would be down to RM3 mil had I hold on to ego and not revisit my wrong assumptions that the record breaking profit for a year could be used as a benchmark to calculate forward PE. Fair value for Supermax post pandemic after adjusting for share split and normalizing profit margin plus new capacity will be less than RM2 per share.

5) I have invested in glove sector since 2008 and I know the cyclical nature. This boom is too good not to sell. Will reenter once pricing come down to reasonable level.

Cheers

Sochai Everybodyhuat must be having amnesia. He made reference to tech stocks PE and then made an about turn and spew nonsense. BTW your England is so pathetic that your England teachers must be rolling in their graves. Don't you know "stupidier" don't exist in English? Only stupid losers like you will use uncivilised words. Padan muka must be losing your pants and losing your manners too. Faham England?

@Everybodyhuat you must be stupid to compare a manufacturing stock PE with technology company. Even Apple stock is just 35x PE. BTW, don't you know the Nasdaq crashed for last 3 sessions and dipped into correction territory? Must be sochai like you fed to the sharks.

Everybodyhuat @universeck. Since you are so good at calculating the future earnings, care to calculate for Amazon, Facebook or any US co with PE above 100? Americans must be stupidier than you since they bought such high price.
09/09/2020 6:03 PM

1) It's distorted and dangerous view to use current lofty earning to justify the low PE in the next few quarters. It's like counting on your future earning to remain the same just because you hit jackpot this year and assuming you will hit jackpot again every year for the next 10 years. Gloves are enjoying super margin now but they will normalise in 2 years' time.

2) Early this year, Topglove capacity was 85.2 billion pieces. Share price on 2nd Jan 2020 was RM1.56 after adjusting for 3 for 1 bonus. Company guidance to analyst indicated volume to expand to 116.2 billion by 2023. Using normalised margin and new capacity, the share price will worth 116.2/85.2*RM1.56= RM2.13 in 2023. OBM model is king now during market shortage but once demand normalised, the big 5 distributors will run back to Hartalega for OEM gloves. Sell now and pocket the profit. Topglove and Supermax made lots of enemies during the current shortage and their distributors will not forgive them.

3) Price will tumble back to normal level in 2022 after pandemic is over but before new capacity come on stream in 2023. You are looking at potential price of below RM2 level. Those who sold at RM8 earlier could buy back 4x the amount of shares 2 years later minus all the risk of a great depression looming.

4) When calculating PE, look at future earning, not one off short term gain. The current price is way ahead of fundamental value

5) Invest long term in solid company. You will see many smaller glove companies going under with huge capacity flooding the market. Those traditionally with low margin like HLT, Comfort, Careplus, Rubberex etc will be first to belly up

Hope all made good money during this rally. Don't kick yourself too hard if you did not sell at the peak but don't wait too long till you lose your capital, especially those who joined the party late. All of us know the price will normalised but reluctant to leave the party too early. Problem is this party don't have a clock to tell you when to leave. Cinderella turned back into a poor girl for leaving too late and it could happen to any of us. Cheers!

1) It's distorted and dangerous view to use current lofty earning to justify the low PE in the next few quarters. It's like counting on your future earning to remain the same just because you hit jackpot this year and assuming you will hit jackpot again every year for the next 10 years. Gloves are enjoying super margin now but they will normalise in 2 years' time.

2) Early this year, Supermax capacity was 23.8 billion pieces. Share price on 2nd Jan 2020 was RM1.38. Company guidance to analyst indicated volume to expand to 48 billion by 2023. Using normalised margin and new capacity, the share price will worth 48/23.8*RM1.38= RM2.50 in 2023. OBM model is king now during market shortage but once demand normalised, the big 5 distributors will run back to Hartalega for OEM gloves. Sell now and pocket the profit.

3) Price will tumble back to normal level in 2022 after pandemic is over but before new capacity come on stream in 2023. You are looking at potential price of below RM2 level. Those who sold at RM9 earlier could buy back 4x the amount of shares 2 years later minus all the risk of a great depression looming.

4) When calculating PE, look at future earning, not one off short term gain. The current price is way ahead of fundamental value

5) Invest long term in solid company. You will see many smaller glove companies going under with huge capacity flooding the market. Those traditionally with low margin like HLT, Comfort, Careplus, Rubberex etc will be first to belly up

Hope all made good money during this rally. Don't kick yourself too hard if you did not sell at the peak but don't wait too long till you lose your capital, especially those who joined the party late. All of us know the price will normalised but reluctant to leave the party too early. Problem is this party don't have a clock to tell you when to leave. Cinderella turned back into a poor girl for leaving too late and it could happen to any of us. Cheers!

1) It's distorted and dangerous view to use current lofty earning to justify the low PE in the next few quarters. It's like counting on your future earning to remain the same just because you hit jackpot this year and assuming you will hit jackpot again every year for the next 10 years. Gloves are enjoying super margin now but they will normalise in 2 years' time.

2) Early this year, Hartalega capacity was 32 billion. Share price on 2nd Jan 2020 was RM5.40. NGC 1.5 and 2.0 will push the capacity to 76 bil in 2024. Using normalised margin and new capacity, the share price will worth 76/32*RM5.40 = RM12.80 in 2024. You are paying for the share price 4 years into the future and taking all the risk of a possible global depression looming. Sell now and pocket the profit.

3) Price will tumble back to normal level in 2022 after pandemic is over but before new capacity come on stream in 2024. You are looking at potential price of below RM10 level before NGC 2.0. Fair price in 2022 will be 44/32*RM5.40 =RM7.43. Those who sold at RM15 earlier could buy back 2x the amount of shares 2 years later minus all the risk of a great depression looming.

4) When calculating PE, look at future earning, not one off short term gain. The current price is way ahead of fundamental value

5) Invest long term in solid company. You will see many smaller glove companies going under with huge capacity flooding the market. Those traditionally with low margin like HLT, Comfort, Rubberex etc will be first to belly up

Hope all made good money during this rally. Don't kick yourself too hard if you did not sell at the peak but don't wait too long till you lose your capital, especially those who joined the party late. All of us know the price will normalised but reluctant to leave the party too early. Problem is this party don't have a clock to tell you when to leave. Cinderella turned back into a poor girl for leaving too late and it could happen to any of us. Cheers!

1) When the bears are in panic and exiting, even a strong bull will get mauled. Gloves are the bulls getting mauled now. I earned 7 mil from Hartalega during the peak last month. Now down to 4.3 mil but still happy to exit and pocket the profit instead of seeing it evaporate daily.

2) Unwinding happening. Comfort reported good results yet sold down. Everybody expecting Topglove to earn record profit but shares sold down. Supermax will earn more too but also sold down. Kossan dropping until no eye see despite Bonus Issue. Harta own boss buying shares weekly yet price dropped from RM21 to now RM13. It will feed into a downward selling loop until a new base is found but nobody know when this will happen. Those who bought high will get hurt badly.

3) China will take the opportunity to promote its vaccine now to shake US citizen confidence in Trump policy. Trump will retaliate and speed up emergency vaccine use. Glove companies will get whacked by all these politiced vaccine news flow.

4) UBS Swiss Bank billionaire customers are exiting equities and moving money into physical assets. Follow the big sharks to swim away. They already saw the correction coming.

5) Warren Buffett sold bank and airline stocks and moved money into gold and parking money in Japan. Great depression coming?

I'm out and on standby now for bottom fishing instead of seeing them drop daily. Will get back into glove but seriously I don't see the light out yet. Be safe and don't lose your capital. Cheers

1) When the bears are in panic and exiting, even a strong bull will get mauled. Gloves are the bulls getting mauled now. I earned 7 mil from Hartalega during the peak last month. Now down to 4.3 mil but still happy to exit and pocket the profit instead of seeing it evaporate daily.

2) Unwinding happening. Comfort reported good results yet sold down. Everybody expecting Topglove to earn record profit but shares sold down. Supermax will earn more too but also sold down. Kossan dropping until no eye see despite Bonus Issue. Harta own boss buying shares weekly yet price dropped from RM21 to now RM13. It will feed into a downward selling loop until a new base is found but nobody know when this will happen. Those who bought high will get hurt badly.

3) China will take the opportunity to promote its vaccine now to shake US citizen confidence in Trump policy. Trump will retaliate and speed up emergency vaccine use. Glove companies will get whacked by all these politiced vaccine news flow.

4) UBS Swiss Bank billionaire customers are exiting equities and moving money into physical assets. Follow the big sharks to swim away. They already saw the correction coming.

5) Warren Buffett sold bank and airline stocks and moved money into gold and parking money in Japan. Great depression coming?

I'm out and on standby now for bottom fishing instead of seeing them drop daily. Will get back into glove but seriously I don't see the light out yet. Be safe and don't lose your capital. Cheers

1) When the bears are in panic and exiting, even a strong bull will get mauled. Gloves are the bulls getting mauled now. I earned 7 mil from Hartalega during the peak last month. Now down to 4.3 mil but still happy to exit and pocket the profit instead of seeing it evaporate daily.

2) Unwinding happening. Comfort reported good results yet sold down. Everybody expecting Topglove to earn record profit but shares sold down. Supermax will earn more too but also sold down. Kossan dropping until no eye see despite Bonus Issue. Harta own boss buying shares weekly yet price dropped from RM21 to now RM13. It will feed into a downward selling loop until a new base is found but nobody know when this will happen. Those who bought high will get hurt badly.

3) China will take the opportunity to promote its vaccine now to shake US citizen confidence in Trump policy. Trump will retaliate and speed up emergency vaccine use. Glove companies will get whacked by all these politiced vaccine news flow.

4) UBS Swiss Bank billionaire customers are exiting equities and moving money into physical assets. Follow the big sharks to swim away. They already saw the correction coming.

5) Warren Buffett sold bank and airline stocks and moved money into gold and parking money in Japan. Great depression coming?

I'm out and on standby now for bottom fishing instead of seeing them drop daily. Will get back into glove but seriously I don't see the light out yet. Be safe and don't lose your capital. Cheers

1) When the bears are in panic and exiting, even a strong bull will get mauled. Gloves are the bulls getting mauled now. I earned 7 mil from gloves during the peak last month. Now down to 4.3 mil but still happy to exit and pocket the profit instead of seeing it evaporate daily.

2) Unwinding happening. Comfort reported good results yet sold down. Everybody expecting Topglove to earn record profit but shares sold down. Supermax will earn more too but also sold down. Kossan dropping until no eye see despite Bonus Issue. It will feed into a downward selling loop until a new base is found but nobody know when this will happen.

3) China will take the opportunity to promote its vaccine now to shake US citizen confidence in Trump policy. Trump will retaliate and speed up emergency vaccine use. Glove companies will get whacked by all these politiced vaccine news flow.

4) UBS Swiss Bank billionaire customers are exiting equities and moving money into physical assets. Follow the big sharks to swim away. They already saw the correction coming.

5) Warren Buffett sold bank and airline stocks and moved money into gold and parking money in Japan. Great depression coming?

I'm out and on standby now for bottom fishing instead of seeing them drop daily. Will get back into glove but seriously I don't see the light out yet. Be safe and don't lose your capital. Cheers

Supermax management guidance during the presentation to analysts clearly indicated their best results are yet to come. Uninformed retail investors will follow the herd mentality no matter what you tell them. Only those with strong holding power and clear view will see through this shake out and reap big reward.

1) Orders confirmed for next 12 months (as of July update). Probably more than 18 months by now

2) Deposit paid

3) Selling price determined by seller and ASP rising monthly

4) Plant #12 Block B construction resumed and expected to add 2.2 billion capacity to by 4Q CY2020

You have confirmed order, high selling price and additional capacity coming yet retail investors panic sell. Noobs

1) IBs issued tonnes of warrants and most are in the money for those who invested early. If mother share price remain high, IBs will be in deep trouble. Motivation is high to press the price down and issuing bad reports for them to collect lower to repay warrant holders. Know the game and you will see the trick.

2) Hartalega is a good company with compounded annual growth far exceeding the glove industry average 8%. I know coz I've fully invested in Harta for more than 10 years and could afford to retire young and debt free, if I so wish to.

3) It's not the management fault that retail investors bought at the height of euphoria. Hartalega is a company that focus on business, not share price. If a company do well, the share price will follow to go up, not the opposite way. Many goreng counters have management who spend more time to goreng the counter but fail to produce good financial results. These companies will forever be a one year wonder. Punters and apek ahsoh who could not hold long term should not invest in Hartalega. Go to Genting to buy big/small and you will get 100% return within seconds if you are lucky.

4) Hartalega was a Johnny come late among the big 4. It needed the volume ramp up to achieve economic of scale to beat the other guys or it will forever be at the bottom. It managed to outdo all of them (before the pandemic) due to OEM model. Nevertheless, Harta management ought to set up own OBM division now, especially with AMG coming in soon.

5) I have sold off all Hartalega shares at the start of the dip but bought back 10% when it dipped further. 90% reinvested into Supermax to ride the OBM capital gain.

6) Vaccine efficacy is just 50% for this current approval threshold. It will take 2 years to bring it under control. This is in line with WHO guidance. Glove demand will remain elevated and profit margin remain high until then.

Good to see the ikan bilis flushed out. Quality shareholders will enjoy peace of mind without having to see so many nonsense postings in the forum

Buy high and sell low lol. Sell all tomorrow and move to pharma then repeat the cycle with pharma stocks. Noobs will always be fed to the sharks.

Will collect more Supermax and wait till next Qtr result. Topglove and Supermax best quarters are ahead

Good sign to see so many speculators fatigue and without holding power. Barely invested for 2 months and already complaining no power.

I think a lot are hoping for a free ride up to earn easy money. IBs are not water fish to let ikan bilis earn easy money. Next rerating not until quarterly result out to see the effect of ASP upward revision. Pls sell out and jump to pharma stocks.

Will be happy to buy more Harta shares

Read the full article before jumping into conclusion. Emergency authorization is only for a limited group, just like the current China vaccine being injected into the army..

"Our emergency use authorization is not the same as a full approval," Hahn said

Steven Hahn is a puppet controlled by Trump and will not hesitate to bend science to safe his own ass.


Arsenewenger8383 https://www.cnbc.com/amp/2020/08/30/fda-willing-to-fast-track-coronavirus-vaccine-before-phase-three-trials.html
31/08/2020 12:20 AM

Those who believed in fake vaccine news and not scientifically grounded will likely invest in pharma stocks and get burned badly. Don't bet against glove stocks yet as their best time is still ahead.

Beside Dr Fauci, the other scientifically reliable source of info is from Bill Gates, through his involvement with Bill and Melinda Gates foundation vaccination program. Below article is a must read for anyone planning for business and investment strategy now.

https://www.gatesnotes.com/Health/What-you-need-to-know-about-the-COVID-19-vaccine

1) Bill Gates don't see any vaccine candidates available until 2021, even in best case scenario.

2) Failure rate for vaccine development is high - the 5 candidates in phase 3 trial now may fail too and further push behind mass roll out.

3) Nobody is safe until everyone is safe - it will likely be 2022 before normal life resume to pre Covid era.

4) Manufacturing and distributing 7 billion doses of vaccines all over the world will take time. If the vaccine needs a booster, it will double to 14 billion doses and further constrain the system.

I have built up retirement fund in Hartalega since 2008. It grew exponentially due to Covid outbreak. After studying Supermax latest quarterly results and reading up on the analyst briefing pack, I'm convinced the OBM model will be the biggest profit driver in a seller market like now. I have rebalanced my portfolio with 25% still in Hartalega (for AMG play) and 75% into Supermax for OBM rapid profit growth play.

Coming quarterly profit will likely hit min 40 cents a share. 40 cents x 4 = EPS RM1.60 for FY 2021. A conservative 20x PE will see Supermax hitting RM32. Those who sold earlier and should not hesitate to reinvest and continue to reap the profit till 2022

Beside Dr. Fauci, the other reliable vaccine info would be from Bill Gates with his Gates and Melinda foundation pouring millions into the effort. Gates predicted a best case scenario would be a vaccine signal by 2021 and cautioned that failure rate is high in drug R&D. Watch his full interview here or zoom to 23:00 for his comment on high vaccine fail rate. Glove usage will still be high until. As long as airlines remain grounded, it means the disease is still out of control.

Listen to science instead of investing blindly into pharma stocks. Covid 19 vaccines will be sold cheaply as a service to human kind. Almost non or minimal profit as pledged by many major pharma companies.

Deposits are already in hand for the next 20 months sales. Nothing boost share price better than EPS and Supermax EPS RM1.50 for FY2021 is confirmed in the pocket. RM1.50 x 20 already RM30 target price easily

Have some dignity and decorum. Just because you lost money don't mean you can violate your family dignity. Don't use family members as pawn here and ask people to violate them. So cheapo and you will not achieve any success in life. Just see how Supermax shut your fcuking mouth up with the splendid rebound

1) A successful vaccine will arrive one day. That don't mean Covid 19 will end immediately until you have the capacity to manufacture 7 billion doses for the entire world. It will likely take 2 years to tame Covid 19, according to WHO. Those who think you can go back to normal the next day after vaccination is naive and clearly without medical knowledge.

2) During that 2-year period, you will still see periodic flare up and lock down in certain parts of the world. Glove demand will far outstrip supply.

3) Demand for glove experienced a structural step up from normal 8% annual growth to 15-20% now, which will take a year or two just to meet the shortfall. Price will not fall down until the demand and supply balanced out.

4) Malaysia pharma stocks DON'T have patent right to the vaccine and merely doing rebottling work here. How much money can you earn to pack the vaccine? One bottle RM10? Entire Malaysian population is 33 million x RM10 ie just once off RM330 million gain and that's it. No more repeat profit. Supermax one quarter profit is already RM400 million. Wake up from your pharma vaccine syiok sendiri dream. Many naive punters will get burn badly. Be very afraid if you jumped into pharma

5) Moderna chief medical officer and CEO keep unloading their stocks in the open before the 3rd phase trial. Lack of confidence in own result? Just Google and find out their company background that never produced a single product before in their entire existence.

6) Supermax EPS RM1.50 for 2021 is already in hand. This is already confirmed with deposits taken from customers. RM1.50 x 20 = RM30 easily target for Supermax. You don't have to worry about it not hitting target. It's the safest bet now

Those investing in vaccine cure and pharma stocks will be sadly disappointed. Investors in the west finally woke up after learning about the unprofitable vaccine pricing and started to dump their holdings. Malaysian retail investors will learn a painful lesson for investing in Pharmaniaga and Duopharma. The tiny profit will not give them ROI and they are just chasing a false hope. Click the link below to read how Moderna own CMO pump and dump own company stock ahead of phase 3 trial results.

Glove stocks on the other hands are showing concrete and solid quarterly results. Supermax profit after tax margin is 44% for latest quarter. ASP is still rising and the company will be adding another 2 billion capacity this quarter. Expect it to conservatively earn 40 cents per share next quarter. Extrapolate it for 4 quarters, it will earn min RM1.60 per share. Give it a conservative PE20x and fair value will be RM32.

WHO predicted Covid will be around for at least another 2 years. Just keep invested in Supermax

https://www.forbes.com/sites/greatspeculations/2020/08/20/why-moderna-stock-is-down-30-over-the-last-month/#41c53fa46168

Moderna CEO dump own share ahead of phase 3 trial result. He has a nasty reputation as a crook and opportunist. Which CEO will dump own shares if they believe the vaccine will work? This is typical pump and dump modus operandi. Read the news below to see through their modus operandi.

https://www.google.com/amp/s/m.jpost.com/international/moderna-cmo-sells-shares-as-final-vaccine-trials-begin-raising-concerns-637166/amp

Lol. So many noobs here. Share split aka bonus issue will only increase the number of shares but won't give you more dividend or increase your shareholdings and make you richer than before the split.

Only treasury shares distribution is truly valuable. It's exactly because of such noobs driving up the price of out of money warrants and goreng cheap counters like comfort and HLT up.

This rally is driven largely by inexperienced retail investors. No point to educate them as only losing money eventually will teach them a lesson. Take the opportunity to swim with the ikan bilis and get some good snacks along the way.

I have reallocated 2/3 capital to Supermax after reading the analyst briefing material. Company just added 2.2 billion new capacity this quarter and will be adding another 2.2 billion by year end. 95% of all output allocated to OBM to capture the full value chain and cut out middlemen. This is going to make a big impact on next quarter result. Hope Harta will develop its own OBM division as it could easily sell them directly to end users and cut out the middlemen.

I'm still retaining 1/3 in Hartalega for the AMG play

Harta is a solid company with long term growth potential. I have invested 100% in Harta for more than 12 years but sold before the Russian vaccine news correction and reentered on Monday with 2/3 going to Supermax (for short term capital gain) and 1/3 back into Harta (for long term growth).

The bonus issue by Supermax and Topglove are meaningless but it's undeniable that aunties and uncles like to buy "affordable" stocks. It's illogical but that's the way inexperienced retail investors behave. That's why you have people buying the likes of HLT, Comfort etc because they are "cheap" to buy. Instead of laughing at it, learn to capitalise on the opportunity presented.

What is noteworthy is the treasury shares pay out by Supermax. Every 45 shares will get 1 treasury shares after bonus issue and at current high price, the treasury shares are worth a lot of money and boost total return for shareholders.

Harta rewards its staff (ESOS) for long term growth. Supermax rewards its owners (treasury shares) for short term gain. If you are an employee, work for Hartalega. If you are a shareholder, own Supermax. The OBM model will win the most during market shortage now but once supply and demand normalise, run back to Harta for long term growth.

Hope Harta management will learn from experience and develop its own OBM division especially when this pandemic created a perfect opportunity for them to quickly and easily sell off all new capacity coming out from NGC 1.5 and beyond. Hope all will make more money

Reentered Harta and Supermax this morning just in time to ride the wave up. Sold just before the correction and was hoping to slowly accumulate but did not expect the bull to come back so early

Reentered Harta and Supermax this morning. Thinking of slowly collecting during correction but sprinted ahead so fast. Luckily sold before correction and reentered just on time to ride up

Unloaded Supermax at 23 when I saw the greed. Swiss Bank UBS billionaire clients are already pulling cash out from equity and repositioning into other asset class. Those entering now will just catch the falling knife set up by these big fish exit. If you don't believe, just verify this info with UBS bankers if you have access to them. I'm just a small fish and following the big fish to swim away.

Every single auntie and uncle also buying glove stocks and it's time to sell. Loan moratorium ending Sept and most people will start to pull money out to pay loan.

No point fighting the market sentiment although the company is making tons of money now. Supermax will likely make slight gain next week due to bargain hunting but sentiment is not favourable with potential snap election and more vaccine news breaking out soon. Be safe and protect your gain.

Set a lower and upper limit to sell. No use going against the trend eventhough company is profitable. Don't develop "feelings" in stock investment. When it's time to sell, just do it

Fundamentals : Price is way ahead of fundamentals due to retail investors chasing up blindly. This super profit will last for 2 years max and crash back to pre pandemic level. Be smart to look beyond current PE

Sentiment : We can see retail investors moving on to healthcare stocks. News of 3rd phase clinical trails will come out soon, especially from Sinopharm, Sinovac, Moderna, Pfizer and Oxford. The vaccines may not be available till 2021 but the news is enough to pop the glove bubble mania.

Fundamentally and sentiment don't favour glove now. Protect your gains before the bubble pops. Hope those who made money can protect their gains. Cheers