Posted by GlovesOff > 2021-07-02 14:16 | Report Abuse

Your 400-500 lots spmx , RM2M ++ dai lan sai ???

Paperloss so much d then sue sue sue ... sor sor dei one

Posted by strattegist > 2021-07-02 14:21 | Report Abuse

red

Posted by invest_malaysia > 2021-07-02 14:23 | Report Abuse

500k shares of supermax now worth RM1.65m only. Cost is RM2m is you buy at RM4. 20% loss.

Posted by MoneyMakers > 2021-07-02 14:27 | Report Abuse

Lai lai road to 3.0..lets see if case numbers can save Supermx today

Posted by pjseow > 2021-07-02 14:30 | Report Abuse

Invest malaysia and glovesoff. OK.lah.. Now you said it is human trafficking, CBP.and Foreign funds not coming which cause the downgrade not ASP . I interpreted the MAY bank downgrade differently. OK.loh, why so angry ? So you mean all industries in.malaysia will be affected.since plantation, property, semicons etc use.a lot of foreign labours also. The risk of cbp.ban on these industries is also present.

Posted by invest_malaysia > 2021-07-02 14:34 |

Post removed.Why?

Posted by GlovesOff > 2021-07-02 14:44 | Report Abuse

One qs , why Epf sold 10,000,00 of funds favourite Harta shares ??? Got do homework not

Posted by GlovesOff > 2021-07-02 14:45 | Report Abuse

Got chance go pm kyy , he learnt and burnt the hard way , in love w gloves FA ...

Posted by Jeffreyteck > 2021-07-02 14:49 | Report Abuse

Tiger bank said best time is over for gloves. Anyway, chief traders will decide.

Posted by 5231428 > 2021-07-02 14:50 | Report Abuse

6982 cases.

Posted by GlovesOff > 2021-07-02 14:50 | Report Abuse

https://www.ncl.ac.uk/press/articles/latest/2021/06/modernslaverymedicalgloves/

https://www.malaysiakini.com/news/581387

If you glovers IQ so high .... cbp will uplift w the news above ???

Posted by invest_malaysia > 2021-07-02 14:54 | Report Abuse

Wah, so topglove hope to lift the ban getting lower. US no fxck given

Posted by GlovesOff > 2021-07-02 14:55 | Report Abuse

Haha ya ...100m legal fees down the drain ... what 11 ILOs ... tipu makan

Posted by GlovesOff > 2021-07-02 14:56 | Report Abuse

Later pjseow want sue msiakini reuters all media for false reporting

Posted by invest_malaysia > 2021-07-02 14:59 | Report Abuse

Better keep the money to average down la. No need sue la hahahaha

Posted by monetary > 2021-07-02 15:01 | Report Abuse

all small glove green without short seller attack. only big4 red.....

Posted by pjseow > 2021-07-02 15:10 | Report Abuse

I just want to do an academic exercise on supermx estimated earning based on Maybank's article about ASP for Nitrile and Latexx will drop to US 35 and 20 respectively . THis exercise has nothing to do with market pricing sentiment which may be caused by other factors like human trafficking ,CBP or foreign funds shying away as claimed by some peoples .

I had used earlier a blended ASP of US 24 as worst case scenario in my earning estimate for supermx by using margin of 10 % , capacity of 48 billions , utilization of 85 % and exchange rate of 4.15 in 2023 .

Revenue per year = 24 x 48 x 0.85 x 4.15 = 4063.68 millions

Profit = 4063 x 0.1 = 406.3 million

Now , with ASP of US 35 for Nitrile and US 20 for latexx , the blended ASP is = ( 35 x 0.9) + (20 x 0.1 ) = US 33.5 assuming nitrile/latexx ratio of 90 to 10 % .

Additional price compared with US 24 = 33.5 - 4 = US 9.5

Additional profit = 9.5 x 48 x 0.85 x 4.15 = 1608 millions
Additional profit minus 25 % tax = 1608 x 0.75 = 1206 millions

Therefore total profits = 406 + 1206 = 1612 millions
EPS = 1612/2720 = 59.3 sen

You can assign your own PE to this EPS

This profit is strictly supermx manufacturing profits only . I had not include the supermx Distribution Division profits yet . I also did not add the approximate rm 1 per share from the estimated few billions cash in hand plus the balance 2021 and 2022 profits which is expected to be made .

Disclaimer . THis exercise is purely academic . It is not a buy or sell call .

Posted by strattegist > 2021-07-02 15:11 | Report Abuse

merah

Posted by invest_malaysia > 2021-07-02 15:13 | Report Abuse

1) Topglove executive director
2) Maybank
3) CIMB
4) UOB

Feel free to add :)

Posted by GlovesOff > 2021-07-02 15:14 | Report Abuse

Wah careful sia DISCLAIMER hahaha

Posted by MoneyMakers > 2021-07-02 15:18 |

Post removed.Why?

Posted by MoneyMakers > 2021-07-02 15:18 | Report Abuse

6.9K cases until now no goreng..lai lai can we get 3.20 today

Posted by invest_malaysia > 2021-07-02 15:22 | Report Abuse

It is forecasted that there will be a surplus in production capacity exceeding demand by 18% in 2023, followed by a 49% surplus in production capacity by 2024, according to Vital Factor analysis.

Oversupply come as early in 2023!!! 2024 almost got 50% oversupply!!! Meaning demand 100, but market got 150!!! Very terrible situation.

Posted by Will76 > 2021-07-02 15:23 | Report Abuse

From the Edge today

Meanwhile, TA Securities Holdings Bhd analyst Tan Kong Jin wrote in a note today that based on the current expansion plans of existing glove manufacturers, entry of new players and aggressive glove production capacity expansion by China, TA Securities believes that there is a possibility of glove oversupply in 2022.

"In our forecast, we expect a surplus of 40.3 billion gloves in 2022 (assuming no delays/changes to the targeted expansion plans),” Tan said.

Posted by xiaomixiaohai > 2021-07-02 15:24 | Report Abuse

Keep pumping out gloves into market but less demand... ASP sure falls rapidly

Posted by invest_malaysia > 2021-07-02 15:35 | Report Abuse

As early as 2022???? Wahlao. Six months more only eh

Posted by pjseow > 2021-07-02 15:38 | Report Abuse

Invest malaysia , You.must be blind.or stupxxd. Read the message by GloveOff. Isnt his message stating funds are.shying away, funds will not buy. You kaki pusing. Yesterday caught twisting . Today.also try to twist.

Jul 2, 2021 1:49 PM | Report Abuse

@pjseow ... funds are shying away not only due to asp ... until now you're harping on asp, how about cbp, oversupply and fmco under production issues ?

Funds will not buy and sell once US downgraded Malaysia to the worst ranking in human trafficking

You clearly have no idea how fund works ... esg is v important

Posted by invest_malaysia > 2021-07-02 15:38 | Report Abuse

Game over d la

Posted by GlovesOff > 2021-07-02 15:40 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/07/02/malaysia-worst-at-treating-migrant-workers-says-activist/?fbclid=IwAR30dYDIMpJyfpQdOc389dunyu6vWpaymbj0x-UZiAVVm7oZYIxgiJ0nopQ

Posted by monetary > 2021-07-02 15:40 | Report Abuse

not yet. this forum still active. when nobody comment then its confirmed game over.

Posted by invest_malaysia > 2021-07-02 15:41 | Report Abuse

No one pusing here. I’m telling what glovesoff mentioned. You yourself make it complicated. Go to hxll la. Continue to hold tight tight your supermax at RM4 la

Posted by GlovesOff > 2021-07-02 15:43 | Report Abuse

Why epf sold harta 10M shares ??? Pjseow anyone ???

Posted by pjseow > 2021-07-02 15:51 | Report Abuse

Invest malaysia . Why you worry we hold tight tight. It us our money. Will.buy some more if go below 3. Still.waiting. work harder .


------------------

invest_malaysia No one pusing here. I’m telling what glovesoff mentioned. You yourself make it complicated. Go to hxll la. Continue to hold tight tight your supermax at RM4 la
02/07/2021 3:41 PM

Posted by invest_malaysia > 2021-07-02 16:02 | Report Abuse

Up to you la. Topglove broke RM4 which everyone was shouting impossible. Soon supermax turn

Posted by strattegist > 2021-07-02 16:06 | Report Abuse

red

Posted by NatsukoMishima > 2021-07-02 16:08 | Report Abuse

Pre pandemic level coming , people all goreng genetec , hightec now 1 day earn huge capital gain no need to slaughtered by daily 10 sen dropping ! Glove is really past tense already better cut loss !

Posted by Jack Khan > 2021-07-02 16:08 | Report Abuse

Supermax new TP in 2 years time is 1.50. Anyone ?

Posted by nataliekoo > 2021-07-02 16:15 | Report Abuse

No worries, limit up soon !!!~

Posted by Habisgl0ve > 2021-07-02 16:21 | Report Abuse

Red

Posted by idunwork > 2021-07-02 16:21 | Report Abuse

TP1.50 is possible if it follows kossan's trend

Posted by monetary > 2021-07-02 16:25 | Report Abuse

Gloves lose epf support. gg...

Posted by idunwork > 2021-07-02 16:30 | Report Abuse

Yesterday's 3.30 support was fake

Posted by GlovesOff > 2021-07-02 16:32 | Report Abuse

Mana petition? Come we help sign la haha

Posted by invest_malaysia > 2021-07-02 16:32 | Report Abuse

Ya lor. I help sign also la hahahaha

Posted by GlovesOff > 2021-07-02 16:34 | Report Abuse

Sign more short more hahaha

Posted by GlovesOff > 2021-07-02 16:38 | Report Abuse

Cases everyday high .. but spmx everyday low

Posted by invest_malaysia > 2021-07-02 16:40 | Report Abuse

What to do. ASP dropping, oversupply soon. Market forward looking Ma

Posted by strattegist > 2021-07-02 16:43 | Report Abuse

merah

Posted by emsvsi > 2021-07-02 16:58 | Report Abuse

Supermin is no match for the true king of casino de bursa, Genting (3182)

Posted by Benhobenhobenho > 2021-07-02 17:00 | Report Abuse

I believe syndicates are pressing down the prices hoping to collect cheap