Posted by ToneeFa > 2021-07-09 18:15 | Report Abuse

Yup agree with Beary.
Treasure your Supermax tickets in hand now. Continue to hold and not CL cheap cheap. Those who have capacity for long haul can continue to average down. Let;s short squeeze the shorties by buying down instead of buying up. Buy down and hold. Don't just suka suka chase high. Only start selling above 5.0 onwards. With Covid ravaging the world now, the pandemic will not be over yet. Meanwhile hold and wait for:

1. potential sbb by Stanley, so cheap for Stanley to SBB now.
2. good dividend reward for end FY21, so much earnings to distribute.
3. OGM deals updates, with coming wave the urgency for strategic supply chain will be higher.
4. US expansion update. Such expansion would now be seen as a smart move in light
of current halted operation due to EMCO. Cannot put too many eggs in one basket.
5. Potential suspension of RSS due to worsening economic conditions for retailers. 580,000 MSME
owners will collapse if lockdown persist. Many of them likely to be retailers at Bursa. FM need to
assist by suspending RSS like last year.
6.Covid coming big wave could wreck havoc to the global healthcare system worse than previous
waves. ASP may start rising again due to acute glove shortage. Remember 80% of the global
population have not been vaccinated yet. This time it will hit many more countries which were
spared in previous waves much harder, therefore glove demand from
these new markets will be exponential.

With FPE of 2.4 at current price, what can go wrong? Whereas all other sectors will be hard hit, gloves will continue to earn supernormal profits.

Posted by ToneeFa > 2021-07-09 18:23 | Report Abuse

If all retailers hold tight then shorties have no choice but to increase offer to get the tickets to cover short position.

Posted by Dannyfyl88 > 2021-07-09 18:34 |

Post removed.Why?

Posted by ToneeFa > 2021-07-09 18:35 | Report Abuse

Tomorrow morning we may see the global daily cases pass the 500k mark. This coming wave may see the figure exceed the 1 mil mark by next month and the cases will come from all over the world not just from 1 or 2 countries. If Malaysia after over 1 month of complete lockdown can still hit >9k , what else can be said about the current wave? This is Covid's demonstration of its evil power.

Posted by ToneeFa > 2021-07-09 18:49 | Report Abuse

https://www.washingtonpost.com/world/2021/07/09/coronavirus-latest-updates/

Amid a surge in new coronavirus cases and deaths, Africa is now suffering its worst period of the pandemic, the World Health Organization said Thursday.

The continent’s latest wave of infections is being driven in part by more contagious variants such as delta, health experts say, and is sending more young people to the hospital as countries struggle to acquire vaccine doses.

“Africa has just marked the continent’s most dire pandemic week ever, ” Matshidiso Moeti, WHO regional director for Africa, said in a statement. “But the worst is yet to come as the fast-moving third wave continues to gain speed and new ground.”
----------------------------------------------------------------------------------

More young people and children will be affected in this coming wave in many more other low vaccination countries. Such widening of the demographic will see a huge rise in hospitalization, and more death will ensue due to break down of healthcare services. We will be witnessing human catastrophe in the coming months. Don't think there will be enough gloves to help save the frontliners to go around.

Posted by kamirise360 > 2021-07-09 19:03 | Report Abuse

I don't know why Pfizer was choose as the best vaccine.

It should be sputnik. But yes, world wont recognize Russia for sure


242 posts
Posted by bzeew > Jul 9, 2021 3:21 PM | Report Abuse

Cases of coronavirus in Israel are rising despite widespread vaccination, indicating the Pfizer-BioNTech vaccine may only be 64 percent effective against the Delta variant of the virus.

The country is currently experiencing a large surge in COVID cases, including among the vaccinated.

Posted by ToneeFa > 2021-07-09 19:14 | Report Abuse

https://edition.cnn.com/2021/07/08/health/pfizer-waning-immunity-bn/index.html

Drugmaker Pfizer said Thursday it is seeing waning immunity from its coronavirus vaccine and says it is picking up its efforts to develop a booster dose that will protect people from variants.

Hours after Pfizer issued its statement, the FDA and Centers for Disease and Control issued a joint statement saying Americans do not need booster shots yet.

Pfizer and its partner BioNTech said evidence was building that people's immunity starts to wane after they have been vaccinated.

The announcement could have implications across the world. The Pfizer shot is the cornerstone of vaccination programs in many countries. Two-thirds of doses delivered across the European Union were made by Pfizer, according to the European Center. In Israel, Pfizer is the only vaccine used.

-------------------------------------------------------------------------------------
Finally, Pfizer openly admitted their vaccine is losing its efficacy fast and is expediting the research into the booster shots. But FDA and CDC do not agree yet. I have spoken about such dilemma that will happen before, bcos priority is now still focused on those unvaccinated people. But the time will come soon when even fully vaccinated people will develop serious illness in bigger numbers, then the crisis of having to revaccinate many more millions of fully vaccinated people will really be a huge burden to most countries having to deal with both unvaccinated and fully vaccinated ppl. This is no joke as the health facilities of most countries will be under tremendous pressure.

Posted by investmalaysia_33 > 2021-07-09 19:41 |

Post removed.Why?

Posted by investmalaysia_33 > 2021-07-09 19:41 |

Post removed.Why?

Posted by investmalaysia_33 > 2021-07-09 19:42 |

Post removed.Why?

Posted by UPlanet > 2021-07-09 20:16 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/07/09/top-glove-under-probe-for-moving-1600-workers-to-hotels-before-emco/

Drama carry on? Next week back to downtrend? Sigh!

Posted by investmalaysia2 > 2021-07-09 20:32 |

Post removed.Why?

Posted by UPlanet > 2021-07-09 20:35 | Report Abuse

Invest bro, chill bro!

Posted by UPlanet > 2021-07-09 20:47 | Report Abuse

Aiyo! Topglove will turn uptrend to downtrend? Sigh!

Posted by investmalaysia2 > 2021-07-09 20:47 |

Post removed.Why?

Posted by ToneeFa > 2021-07-09 20:51 | Report Abuse

https://edition.cnn.com/2021/07/09/africa/southern-africa-covid-delta-intl-cmd/index.html

On the worst nights in Johannesburg, currently in the grips of a terrible wave of infections, medics at one hospital must turn away ambulances carrying Covid-19 patients. It may be a diversion order more common to mass casualty events, but 16 months into the pandemic here, Covid-19 is a mass casualty event.
"It's devastating, it's soul destroying. We are trained to save lives, but you revert to that wartime mentality. You revert to becoming numbed, you revert to becoming blunted," said a senior doctor at a major public hospital in South Africa's largest city.
"Patients are being brought in in cars with desperately ill patients who have been turned away from other hospitals with no beds."
"The third wave has been far more devastating, far more overwhelming," the doctor said.
Sixteen months into the pandemic here and doctors describe a system beyond its breaking point -- with insufficient beds and barely enough oxygen. Sometimes the only time a bed opens is when a patient dies.
"There are patients that are dying while they are waiting to be seen, while they are waiting to go to the ward. Because the resources are just being overwhelmed by the onslaught of patients," the doctor said, an assessment corroborated by paramedics and other physicians.
-----------------------------------------------------------------------------
What is scary is that the above scenes will become common place soon in many other countries., mimicking India earlier. Its also happening in Indonesia and South America now. Malaysia Gov't need to wake up and realise the importance of allowing glovemakers the concession to continue their operations to save the frontliners all around the world. Lack of gloves can really hamper the fights with Covid, leading to catastrophic collapse of the healthcare systems around the world. We are approaching a dangerous Covid crisis and our Gov't is more busy fighting amongst themselves. God have mercy on us.

Posted by UPlanet > 2021-07-09 20:51 | Report Abuse

Invest bro! Cool man! No hurry! Plenty of time! Always don’t across border should be acceptable la!

Posted by ToneeFa > 2021-07-09 20:58 | Report Abuse

https://edition.cnn.com/2021/07/09/africa/southern-africa-covid-delta-...

Karamagi said Delta's greater transmissibility and its ability to reinfect people with previous Covid infections helped drive the spike in the region
--------------------------------------------------------------------------------------------

With Delta variant, there is no protection from antibodies from infection by earlier variant. So there is no such things as natural herd immunity. Everybody back to square one, infected or not.

Posted by investmalaysia2 > 2021-07-09 21:01 |

Post removed.Why?

Posted by UPlanet > 2021-07-09 21:06 | Report Abuse

Chill bro! Very scary 9.1k cases now! All guys take good care!!!

Posted by ToneeFa > 2021-07-09 21:13 | Report Abuse

@UPlanet https://www.freemalaysiatoday.com/category/nation/2021/07/09/top-glove...

Drama carry on? Next week back to downtrend? Sigh!
09/07/2021 8:16 PM

Uplanet, I think the advantage Supermax have over other glovemakers is that their OBM biz, with higher margin, allow them to purchase from other oversea OEM manufacturers to cover any shortfall due to the shutdown. Anyway, this is a one quarter issue which would not affect the fundamentals of the company.

Posted by investmalaysia2 > 2021-07-09 21:13 |

Post removed.Why?

Posted by onhands > 2021-07-09 21:27 |

Post removed.Why?

Posted by pjseow > 2021-07-09 22:31 | Report Abuse

Onhands, Dont talk nonsense. I listed the 6 tgt prices of 6 IBs on.may 30 at 1.11 pm. Check the price then and open.your big eyes.
-----------------------------------------------------
Jul 6, 2021 2:11 PM | Report Abuse

IB target prices ka ?
Look at how PJSeow how get a Bezza but lost his Lamborg & Cayenne when price was above 6 he listed six IB gave high target prices toyed him continue keeping.
Glovesoff lazy bumpkin long time no up date scores

Posted by pjseow > 2021-07-09 22:37 | Report Abuse

Onhands , Are you also one of them like Gloveoff or Citadel and like to be busybody kepochi who like to keep track of other peoples portfolio and.lie about it.?

Posted by danung > 2021-07-09 23:01 | Report Abuse

#holdsupermax there you go my friend #holdsupermax
#holdsupermax if you hold I hold everybody hold #holdsupermax
#holdsupermax my 5k portfolio will double by end of the month #holdsupermax

Posted by investmalaysia3333 > 2021-07-09 23:18 |

Post removed.Why?

Posted by investmalaysia3333 > 2021-07-09 23:22 | Report Abuse

o0o

Posted by waterbro > 2021-07-09 23:34 | Report Abuse

anything to expect next week ?

Posted by ToneeFa > 2021-07-10 00:29 | Report Abuse

Don't chase high, short squeeze shortists by buying down and hold. Target >5.0

#holdsupermax >5.0
HARI HARI TURUN SIKIT SIKIT, LAMA LAMA JADI BUKIT

Posted by imvu > 2021-07-10 02:44 | Report Abuse

minggu depan glove gap up limit up = jutawan .

Posted by ket4212 > 2021-07-10 06:45 | Report Abuse

supermx lai le wei

Posted by pjseow > 2021-07-10 07:32 | Report Abuse

How does the Delta variants.dogde the immune system ?

//////////////////////////////

https://m.economictimes.com/news/science/how-does-the-delta-variant-dodge-the-immune-system-scientists-find-clues/articleshow/84245327.cms

Posted by joyvest > 2021-07-10 07:56 |

Post removed.Why?

Posted by xiaomixiaohai > 2021-07-10 08:00 |

Post removed.Why?

Posted by joyvest > 2021-07-10 08:12 |

Post removed.Why?

Posted by joyvest > 2021-07-10 08:18 |

Post removed.Why?

Posted by monetary > 2021-07-10 08:48 | Report Abuse

Friday short sellers collected a big chunk at 3.29. Just like they did few weeks ago at 3.3. Probably they will stop.

Posted by Beary > 2021-07-10 09:22 | Report Abuse

https://www.youtube.com/watch?v=FYeYk9bWJSQ&ab_channel=YAPSS

Basically the video says:

Make it simple.

Go for high probability bets.

When the odds are in our favor, grab it.

What I say:

You don't need to win all the time.

You only need to win some of the time.

Posted by UPlanet > 2021-07-10 09:22 | Report Abuse

What happen to US, UK??? Covid19 cases 26k and 35k??? I thought already in controlled??? Alamak! This way when we go abroad la??? Sigh!!!

Posted by investmalaysia3333 > 2021-07-10 10:24 |

Post removed.Why?

Posted by ToneeFa > 2021-07-10 10:49 | Report Abuse

Good video Beary. Agree with it. Like it or not everyone has to take a position which they think has the highest probability of outcome. Even for the shortists, they took the position that the pandemic will end by this year and ASP will drop to pre-pandemic level by next year which has dictated their actions in the market to bring the price to current low level. They will hold to the position until real evidences presented themselves saying otherwise. And of late, the events around the world on Covid strong resurgence and the weakness of current vaccines is becoming evident by the day , maybe even creating doubts in their minds as to whether they should review their position. They wouldn't want to be betting on the wrong side of reality. Even they don't have all the answers. Currently everyone is at best, just guessing. Forget about TA or FA for now. The most pertinent question is:
Is the pandemic going to be over by end of this year or early next year and ASP will drop quickly to pre-pandemic level thereafter, or will we be seeing the coming wave being much bigger than all previous waves, with record hospitalization worldwide, with many more countries badly hit, with death rate exceeding previous waves, with wider demographics infected with serious illness and with emergence of newer variants completely breaking thru current vaccines which will hamper effort to quickly achieve vaccinated herd immunity? Specific to the glove counters is how much more demand of gloves will be created by this coming wave? Will ASP drop reversed and resume an upward trend? Can herd immunity be quickly achieved by vaccines, if not how long more to take? With only 20% of the global population vaccinated, so what is the probability of the either outcome? So what is your position?

Posted by Zrenxy > 2021-07-10 10:59 | Report Abuse

Coming Monday Foreign funds entering Supermax pushing up another RM0.20 or more..when panic buy will shoot up RM0.70 to Rm1.00....kyy is entering position...Mid term Supermax will fly bak to Rm6

Posted by Zrenxy > 2021-07-10 11:00 | Report Abuse

Catch on monday or ...u just watch the opportunities fly....as many Sifu buy call in the group ^^

Posted by Jeffreyteck > 2021-07-10 11:36 | Report Abuse

Rising covid cases due to intensified testing, lol. Suggest don't conduct testing so cases witll back to zero, all happy.
People bad news is good news for gloves. Good news for management (low dividend, high remuneration) is bad news for investors.

Posted by 5231428 > 2021-07-10 11:38 | Report Abuse

By the looks of it the covid 19 is going out of control.

Posted by pjseow > 2021-07-10 11:55 | Report Abuse

Below is the extract from supermx analyst briefing on 6th May. OBM ASP s are higher than its peers because 58 % of its business sells directly to the final customers instead of through the.middlemen like OEM, direct.distributors , agents or dealers. Hence, Supermx has the highest margins among all the 7 or 8 glove makers in the last 5 qtrs. Its margin is even higher than topglove and hartelega despite having much lower capacity relatively .
Fundamentally , supermx has the highest net margin of 55 % , eps of 120 sen for last 4 qtrs, highest cash per share of rm 1.45 and yet has the lowest PE ratio of 2.75 only. With the estimated net profit if 1 b in.coming QR , the total eps for rolling 4 qtrs will hit 150 s. The PE will drop further to 2.2 .


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

Strong global demand but ASP trending downward
Moving forward, we believe ASP will see a gradual decline as glove urgency expected to fade due to increasing percentage of global vaccinations and rising competition from existing and newcomers’ capacity which will mostly be up in 2H21 onwards. Zooming in on Supermax, its ASP could be slightly higher than most of its peers due to its OBM business model and lesser cancellation of orders as most of its sales are to contractual direct customers rather than middlemen/ importers. Nonetheless, we hold the view that long term glove demand postCovid19 to remain stable due to increase hygiene awareness and structural changes in glove usage.

Posted by 5231428 > 2021-07-10 11:56 | Report Abuse

Not only in Malaysia but globally.

Posted by pjseow > 2021-07-10 12:22 | Report Abuse

In life , everyone is " betting" be it choosing the college , what course to take , which career to go into , which girl to.marry, what stocks and prices to buy . We bet based on probability or odds in.favour of our ourself.
In.the case of supermx , I.am.betting that supermx will continue to have.higher margin than the other glove makers come post pandemic. In the last analyst briefing , Namura picked up the statement that supermx net margins will be in the range of 30 to 40 % which is still SIGNIFICANTLY higher than the margin.during pre pandemic. To me even if the net margin.is between 20 to 30 % , supermx will still be the champion in net margins among the glove makers due to its changed OBM business model. You can do your own calculations on its earnings based on new capacity and new net margin.assumptions.

-----------------------------------------
http://www.supermax.com.my/html/filedownload.aspx?file=(1)%20NOMURA%20RPT%20DD%206.5.2021%20BUY%20TP%20RM8.39.PDF

Posted by NatsukoMishima > 2021-07-10 13:32 |

Post removed.Why?