Posted by GlovesOff > 2021-06-29 19:02 | Report Abuse

@pjseow ~ read UOB report ? one by one downgrade

Posted by GlovesOff > 2021-06-29 19:09 | Report Abuse

"China glove manufacturers - Blue Sail Medical (002382 CH) and Intco Medical (300677 CH) - aim to add a combined 123b pieces to nitrile glove capacity by end-22, more than double its existing capacity." ~ UOB

Posted by GlovesOff > 2021-06-29 19:10 | Report Abuse

RISKS
• a) Sharp deterioration of ASPs following the moderation of COVID-19 cases and cancellation of overlapping orders, b) the escalation of forced labour allegations and the potential withhold release order by US authorities, c) spikes in raw materials costs, d) a strengthening ringgit; and e) the COVID-19 outbreak spreading among the production workforce.

Posted by pjseow > 2021-06-29 19:13 | Report Abuse

Forget about IB s reports. They are followers . Remember I forwarded to you 6 IB reports in.May with average tgt prices of rm 7.30 . You dismissed them. and said cannot trust these reports. Why suddenly you are so interested in fundamentals . I thought you are TA.fellow talking about market sentiments. Today market sentiment change already. You had.better stick.to your old expertise. Follow the market.sentiment .Dont go against it .

Posted by Glovefinishretard > 2021-06-29 19:14 | Report Abuse

U can never beat virus for example why no vaccine for HIV..! That’s the reason why u need yearly flu vaccine! Virus will always mutate!

Posted by GlovesOff > 2021-06-29 19:19 | Report Abuse

don't read look away la deng . pointing redflag for others ... don't get worked up hehe

Posted by MoneyMakers > 2021-06-29 19:24 |

Post removed.Why?

Posted by MoneyMakers > 2021-06-29 19:26 | Report Abuse

Prepandemic ASP = prepandemic profits = prepandemic share price (65sen)

Posted by ToneeFa > 2021-06-29 19:34 | Report Abuse

https://klse.i3investor.com/blogs/kianweiaritcles/2021-06-28-story-h1567063197-Renewed_calls_for_nationwide_lockdown_in_Indonesia_as_more_doctors_die_.jsp

Thirty doctors have died of Covid-19 so far this month in Indonesia, as the country battles a second wave of infections driven by the Delta variant, triggering renewed calls to impose a nationwide lockdown or risk a dire situation such as that in India.

In a statement on Sunday (June 27), the Indonesian medical doctors' association (IDI) appealed to the government to impose a hard lockdown of at least two weeks, especially in Java, adding that maximum enforcement is required.
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Fully vaccinated front liners died in Indonesia.

Posted by pjseow > 2021-06-29 19:42 | Report Abuse

GloveOff, I am waiting to see tomorrow and day after tomorrow prices. If the next 2 days also up , that means the three soldiers which I have been waiting for prove strong rebound and bullishness. By then.you.had better advise your boss to quickly buy up and cover the shorts ASAP to ""cut losses "". Shorties " cut losses" are opposite than our normal cut losses. When prices go up, shorties need to buy more to cover and this will pushed up the prices further .

Posted by invest_malaysia > 2021-06-29 19:45 | Report Abuse

Yeah. People still don’t understand the reason glove rally last year. The main reason is because of ASP increase. Not virus. Now ASP dropping. People still say variant la, lockdown la lol. If really works supermax should have shot up back to RM9 when India recorded 400k cases per day.

Posted by MoneyMakers > 2021-06-29 19:46 |

Post removed.Why?

Posted by ToneeFa > 2021-06-29 19:48 | Report Abuse

pjseow, I just saw your 3 soldiers marching passed in front of my house, I think they are moving towards your house direction.

Posted by yangkwang99 > 2021-06-29 19:48 | Report Abuse

Research house can bla!!! All cannot be trusted!

Posted by MoneyMakers > 2021-06-29 19:50 | Report Abuse

Fact is ASP/profits/demand/IB TP all going down

Anyway goreng doesnt look at fundamentals..should have good show tomorrow up/down

Posted by dlau8899 > 2021-06-29 19:56 | Report Abuse

Oversold rebound.May rebound above 4.00 as soon. All other country covid19 case increase..... Glove price will follow up...

Posted by GlovesOff > 2021-06-29 19:57 | Report Abuse

@pjseow - lol what chart are you looking? 2020 glove chart?

You don't worry about shorties la ... why you want SUE them too ? Hahaha

Posted by pjseow > 2021-06-29 20:10 | Report Abuse

GloveOff , what 2020 chart ? Look at the latest chart lah. Didnt you see a long green color bar ? This is the first soldier . Need another 2 more to confirm strong bullish reversal. Just wait another 2 days loh. Why sue shorties. I must thank.them for selling.cheap to us and they need to buy back.at higher prices. They sell low buy high so that we can buy low sell high mah. Sue them for what ?

Posted by hondacrv > 2021-06-29 20:21 | Report Abuse

https://www.businesswire.com/news/home/20210510005484/en/Global-Personal-Protective-Equipment-Market-Report-2021-Spending-on-PPE-is-Forecast-to-Almost-Triple-by-2027---ResearchAndMarkets.com

Posted by ToneeFa > 2021-06-29 20:48 | Report Abuse

@MoneyMakers No need fewrmonger vacc..No details on age/health condition of the doctors..only 20 vacc doctors died out of 400..without vacc, deaths would be much higher

Plus doctors considered very high risk @ high viral transmission/concentration workplace..normal people normally not exposed to such environment
29/06/2021 7:46 PM

These are tell-tale signs of the Delta Covid slowly breaking thru the current vaccines. In fact, every which way I look at it, the world seems to be approaching a serious Covid crisis in the next 3 months, when current vaccines will be rendered useless and with most countries having exhausted their financial means, can ill afford further lockdowns to control Covid. There will be a surge in hospitalization and death numbers. The world will be at a major crossroad. The need to vaccinate those yet to be vaccinated overlapping with the need for booster jabs will add further to the dilemma.

Posted by hondacrv > 2021-06-29 20:49 | Report Abuse

https://getusppe.org/data/

Posted by Will188 > 2021-06-29 21:05 | Report Abuse

https://www.bursamalaysia.com/market_information/market_statistic/securities

IB Short happily Supermax. Go tag PM/Finance Minister ask them temporary stop RSS like last year!

RM2.6 milion RSS today for Supermax.

Posted by ToneeFa > 2021-06-29 21:15 | Report Abuse

@https://www.change.org/p/pelabur-runcit-bursa-malaysia-mohon-tengku-zafrul-memberhentikan-restricted-short-selling-rss-seperti-march20?signed=true

Glove supporters, quickly get more support for this petition. Once Bursa decides to suspend RSS, we will see a gap up immediately.

Posted by invest_malaysia > 2021-06-29 21:25 | Report Abuse

First day (Saturday) 800+ people sign. Today (Tuesday) only 1.6k. You see what I mean by diminishing return? That day still got people say good results wa hHahaha

Posted by ToneeFa > 2021-06-29 21:31 | Report Abuse

@GloveShortDIE Had a dream last night, god told me to open new account name "GloveShortDIE", and he wants to give the last warning to those shorties.
29/06/2021 5:17 PM

GloveShortDIE, best way to kill shorties is to get as many ppl to sign the petition. Hope can reach 10,000 signature.
https://www.change.org/p/pelabur-runcit-bursa-malaysia-mohon-tengku-zafrul-memberhentikan-restricted-short-selling-rss-seperti-march20?signed=true

Posted by RiverOfSilver > 2021-06-29 21:33 | Report Abuse

shortie gambling guys gang sudah kena hamtam gaw gaw by supermax ini hari leh

Posted by ToneeFa > 2021-06-29 21:37 | Report Abuse

@Will188 https://www.bursamalaysia.com/market_information/market_statistic/secu...

IB Short happily Supermax. Go tag PM/Finance Minister ask them temporary stop RSS like last year!

RM2.6 milion RSS today for Supermax.
29/06/2021 9:05 PM

Yeah, should rally to get others to sign. target 10,000 signature. Once suspend RSS, all glove counters will gap up. The fear of short selling is keeping investors and funds from entering.

Posted by invest_malaysia > 2021-06-29 21:38 | Report Abuse

If short at 3.3 only kena la. Short sellers had been selling since RM6. How to kena? Lol

Posted by ToneeFa > 2021-06-29 21:45 |

Post removed.Why?

Posted by ToneeFa > 2021-06-29 21:48 | Report Abuse

@invest_malaysia If short at 3.3 only kena la. Short sellers had been selling since RM6. How to kena? Lol
29/06/2021 9:38 PM

If RSS suspended, shorties will need to cover short positions quickly before the suspension date. That will easily push the price back to ard 5.0-6.0

Posted by invest_malaysia > 2021-06-29 21:48 | Report Abuse

Wait till 10k only say la okay

Posted by invest_malaysia > 2021-06-29 21:49 | Report Abuse

Like what @glovesoff said. Why so susah? Tweet tengku can d la

Posted by ToneeFa > 2021-06-29 21:50 | Report Abuse

Better talk with numbers, more strength with numbers = votes

Posted by observatory > 2021-06-29 22:12 | Report Abuse

I check out the petition to suspend RSS
https://www.change.org/p/pelabur-runcit-bursa-malaysia-mohon-tengku-zafrul-memberhentikan-restricted-short-selling-rss-seperti-march20?signed=true

The petition starts with “Sebahagian pelabur runcit terutama dalam kalangan Bumiputera”. Exploiting the racial angle to gain advantage?

But looking at some of the 1,700 names who have just signed, a great majority are Chinese names.

Besides the mention of “margin call” in the petition also doesn’t elicit much sympathy.

Posted by Will188 > 2021-06-29 22:22 | Report Abuse

Observa what wor... U like RSS press down ur price r? Must be something wrong with ur mind. Then create 1 petition support RSS.

Posted by glovefinish > 2021-06-29 22:48 | Report Abuse

Bursa or government won't ban RSS bcoz they have to concern by doing that would be protested by forreign funds which would sell down the klci index to exit from local market which would crash and more people would be trapped to lose money. Bursa would reply that RSS maximum 4% only a small proportion that won't affect much on the stock and market operation. Bursa would reply that so far have RSS nothing wrong with the market which still able to stand at high level doesn't crash, why want to ban it.

Posted by GlovesOff > 2021-06-29 22:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/06/29/glove-sector-downgraded-to-underweight-as-asps-weaken

Posted by observatory > 2021-06-29 22:57 | Report Abuse

@Will188, honestly the concern about RSS is misplaced, except for a few who look for a temporary boost in sentiment. In Bursa CEO’s own words, short selling is a common practice in many other stock markets; and has a legitimate role in adding liquidity and market stability/ price discovery. So it has nothing to do with whether I hold glove stocks or I wish to buy more.

The current RSS in Bursa is restricted to merely 4%. While glove stocks are among the most shorted, the short position has remained relatively stable since early this year. RSS might have added to selling pressure when it was reintroduced 6 months ago. But there has not been an increase in net selling from RSS due to the 4% cap. Still glove stock price continues to slide.

The selling comes mainly from local institutions exiting their glove positions. It is probably more effective to petition local institutions! If can't get Public Mutual and the like to do so, may be can pressure MOF to instruct EPF, KWAP, PNB and Khazanah for a glove bail-out?

But for any long-term investors, RSS is truly a distraction. Even Delta, Lamda or Kappa variants are less important as they could only provide short term sentiments and/or demand.

Regardless of whether Covid will turn more deadly or subside soon, I am confident that glove demand will continue to grow post-pandemic due to growth in healthcare needs and low base effect in developing countries.

The key to watch is therefore not RSS or demand, but supply growth. How much longer can ASP remain high and profitable to incentivize competitors to continue their expansion; and how much and how fast will new supply come online in the next 1, 2 and 3 years?

There are only so many hands in the world. As long as glove business remains profitable, with enough time, more than enough gloves can be produced to put on every hand!

Posted by glovefinish > 2021-06-29 22:59 | Report Abuse

Homily chart until now indicated no funds flow into this counter, mainly dominated by retailers trading thus no big rebound and no reversal only the minor price up goreng can't last long would drop back again later. Anyway if can just make the small token profit or minor cut loss for exit opportunity.

Posted by xiaomixiaohai > 2021-06-29 23:05 | Report Abuse

They keep producing gloves non stop everyday more than pampers & sanitary pads..sure glove ASP kaput loh

Posted by MoneyMakers > 2021-06-29 23:31 | Report Abuse

Back to last friday’s high..will happily welcome new residents of Casa de Supermx chase high nxt week

Posted by glovefinish > 2021-06-29 23:37 | Report Abuse

Actually all the glove counters price non stop dropping until now at so low level mainly bcoz of the selling from forreign and local institutions funds. That means so far forreign and local funds are the net sellers of glove stocks but retailers are the net buyers to collect all their sold tickets. Thus u can see all the glove counters are mainly dominated by retailers trading, lack of funds trading now.

U know why forreign and local institution funds keep on selling to exit from glove counters bcoz they have foreseen the oversupply of gloves, the gradual decline of glove demand although it still higher than pre-pandemic level, the significant drop of ASP and the unsustainability of company super profit post-pandemic. Thus all the institution funds act ahead the retailers to sell and reduce their glove positions since end of last year until now.

Aside from RSS, the drop of glove counters price also much caused by the forreign and local institutions funds selling for exit.

Posted by Bullrunrun > 2021-06-29 23:38 | Report Abuse

Strong rebound again tomorrow limit up

Posted by ToneeFa > 2021-06-29 23:52 |

Post removed.Why?

Posted by ToneeFa > 2021-06-30 00:07 | Report Abuse

@glovefinish Actually all the glove counters price non stop dropping until now at so low level mainly bcoz of the selling from forreign and local institutions funds. That means so far forreign and local funds are the net sellers of glove stocks but retailers are the net buyers to collect all their sold tickets. Thus u can see all the glove counters are mainly dominated by retailers trading, lack of funds trading now.

U know why forreign and local institution funds keep on selling to exit from glove counters bcoz they have foreseen the oversupply of gloves, the gradual decline of glove demand although it still higher than pre-pandemic level, the significant drop of ASP and the unsustainability of company super profit post-pandemic. Thus all the institution funds act ahead the retailers to sell and reduce their glove positions since end of last year until now.

Aside from RSS, the drop of glove counters price also much caused by the forreign and local institutions funds selling for exit.
29/06/2021 11:37 PM

There's some truth in what you say, but with Covid making a strong comeback, there's maybe a change in mind by the funds. Give another 3 months and the real Covid crisis will be in full bloom. Temporary RSS suspension is truly needed to stabilise the market going forward.

Posted by GrowingRich > 2021-06-30 00:37 | Report Abuse

shortie gambling guys gang sudah kena hamtam gaw gaw tadi lor

Posted by GrowingRich > 2021-06-30 00:37 | Report Abuse

padan muka sama dia orang itu semua lor

Posted by GrowingRich > 2021-06-30 00:38 | Report Abuse

lagi apa mau cakap

Posted by greedy44444 > 2021-06-30 00:48 | Report Abuse

Just technical rebound from lows and bargain hunting. Nothing has changed to the future earnings and the downtrend ASP.

Posted by WealthSoWonderful > 2021-06-30 01:06 | Report Abuse

Someone pls name me any analyst who is a bigger multi-billionaire than supermax stanley, hartalega kuan or topglove lwc

Maybe analyst greedy44444, analyst glovefinish, analyst moneymakers, analyst xiaomixiaohai, analyst glovesoff, analyst invest_malaysia etc., eh?