Posted by Benhobenhobenho > 2021-07-16 21:19 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/07/16/emco-has-been-lifted-in-selangor-heres-what-you-can-do/

Posted by Benhobenhobenho > 2021-07-16 21:20 | Report Abuse

Good news! Glove factories allowed starting from midnight tonight

Posted by Bullrunrun > 2021-07-16 22:53 | Report Abuse

Next week limit up

Posted by strattegist > 2021-07-16 23:12 | Report Abuse

closed red

Posted by linheng > 2021-07-17 04:59 | Report Abuse

EMCO in all 34 Selangor districts lifted. Glove factory allow to reopen

Posted by linheng > 2021-07-17 08:23 | Report Abuse

Read Staronline - Tradeview by Ng Zhu Hann. Supermax net cash position is way above the rest of glove counter.36.65% of mkt cap. Next best is Comfort at 19% of mkt cap. Being a profittable company even before the pandemic, this % cash position can only go up esp if share price goes down. I believe Standley will declared a bumper Final dividend. Supermax had been very stingy in paying interim dividends

Posted by skyu > 2021-07-17 08:51 |

Post removed.Why?

Posted by Bgt 9963 > 2021-07-17 08:59 |

Post removed.Why?

Posted by monetary > 2021-07-17 09:30 | Report Abuse

UK daily hospital admission rose to 717. The no was 2100 back in mid Dec20 with the same no of positive cases

Posted by Who Else What Else > 2021-07-17 09:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/07/17/should-retail-investors-still-believe-in-the-glove-sector

Posted by Who Else What Else > 2021-07-17 10:03 | Report Abuse

positive write-up in the Star today about gloves .... positive sentiment is coming. Maybe North wind is blowing on gloves

Posted by ket4212 > 2021-07-17 10:05 | Report Abuse

superman

Posted by monetary > 2021-07-17 10:06 | Report Abuse

I think sgx riverstone is much better in TA wise. Malaysian glove have too much fund trapped at high price. Besides, it's market cap much lower.

Posted by Karma2glove > 2021-07-17 10:16 |

Post removed.Why?

Posted by UPlanet > 2021-07-17 11:06 | Report Abuse

Linheng, I thought SPM hv Dividends Policy? 30 or 50%? So, eventually they've to pay out according to the policy..

Posted by roadtomillionaires > 2021-07-17 11:15 | Report Abuse

@pjseow hey mate, do you know what's the current production rate for Supermax during this MCO 3.0?

Posted by ToneeFa > 2021-07-17 11:23 | Report Abuse

@Who Else What Else https://www.thestar.com.my/business/business-news/2021/07/17/should-re...
17/07/2021 9:48 AM

Haha this Ng guy must have read our postings here and got convinced with pjseow calculations , then bought into glove counters and promote with a nice write up. Kudos to him. We need more media analyst like him.

Posted by ToneeFa > 2021-07-17 11:29 | Report Abuse

@linheng Read Staronline - Tradeview by Ng Zhu Hann. Supermax net cash position is way above the rest of glove counter.36.65% of mkt cap. Next best is Comfort at 19% of mkt cap. Being a profittable company even before the pandemic, this % cash position can only go up esp if share price goes down. I believe Standley will declared a bumper Final dividend. Supermax had been very stingy in paying interim dividends
17/07/2021 8:23 AM

Its better to have reasonable dividend but company use the money for strategic expansion than to have high level dividend but reduced expansion. Supermax is currently undergoing 2 types of expansions - locally, doubling of production capacity by 2022 and oversea expansions in US & UK. So need to use lots of funds to improve future earnings.

Posted by Beary > 2021-07-17 11:38 | Report Abuse

https://www.youtube.com/watch?v=ROHqbe74G5M&ab_channel=ABCNews

Hold your valuable glove stocks tightly.

There is no need to worry about short term price movements.

The share price will explode when all glove companies show that they are able to sustain current earnings for the next few quarters.

This will happen when panic orders start rushing in now that in all likelihood factories can run at 100% capacity when all workers are fully vaccinated.

The beauty is ASP doesn't even need to rise for that to happen.

Of course it will so much better if ASP rises.

Remember, this is your chance to win big.

There is no need to look at the share price movements every minute.

This bullish trend reversal could take months to complete.

All you need is patience and a cool head.

Posted by Beary > 2021-07-17 11:48 | Report Abuse

I don't have statistics to show.

But I can imagine the cost of manufacturing in China cannot be lower than in Malaysia.

If China can beat us in glove manufacturing, they would have done so years ago when their manufacturing costs were much lower.

There must be reasons why Malaysia remains unchallenged as the world's No.1 for so long.

Posted by ket4212 > 2021-07-17 12:05 | Report Abuse

你是malaysia人就应该支持国产手套！支持中国会分财产给你！哈哈

Posted by ooi8888 > 2021-07-17 12:10 |

Post removed.Why?

Posted by Beary > 2021-07-17 12:11 | Report Abuse

gemfinder, gloves are not for you.

There is no need for you to come and pour cold water on glove investors.

Glove counters are not punching bags for you to let off steam when you lost money elsewhere.

Go and find your "gems" at airasia and genting.

Come back only when you see people wears gloves to football matches.

LOL....

Posted by ToneeFa > 2021-07-17 12:12 | Report Abuse

Breakdown of daily cases on 16-7-21, base on daily cases range to number of countries

>50k = 2
<25 - 50k> = 5
<10k - 25k> = 9
<5k - 10k> = 9
<1k - 5k> = 39
<100 - 1k> = 53
<100 = 64
- N/A = 41
--------------------------
Total = 222


Once we compare these numbers over time, it will help us to understand the real global impact of Delta wave , which is more wide spread geographically and with higher level of infections in each country than previous waves.

Posted by glovefinish > 2021-07-17 12:17 |

Post removed.Why?

Posted by ToneeFa > 2021-07-17 12:21 | Report Abuse

@gemfinder Dun expect asp to rise la. China gloves oredi overtook malaysia liao
17/07/2021 11:39 AM

It's good China expanded, bcos we are about saving lives here, especially the frontliners. We need them more critically now. Bcos going forward, with Delta variant exploding around many countries around the world, protecting front liners will become the no1. priority. They will need so much PPE and gloves, there's gonna be serious acute shortage, even with China huge supply, the shortage will still be very acute. Just watch 3-6 months from now, the rush for gloves will be like rush for gold or diamond. Everywhere, every country will be fighting to get them, and don't care what is the price. ASP will shoot thru the roof. It will be the most unprecedented crisis of the pandemic we will be facing soon.

Posted by glovefinish > 2021-07-17 12:31 |

Post removed.Why?

Posted by glovefinish > 2021-07-17 12:38 |

Post removed.Why?

Posted by Goldberg > 2021-07-17 12:39 | Report Abuse

"Despite beating their report consensus by a mile, the outcome by the analysts were still downgrading Gloves.. It is bewildering to market observers and even more so to retail investors".
-----------------------------------------------------------------------------------------
Until today, most of the glove companies have continued to exceed analysts’ forecasted earnings performance. Despite beating their report consensus by a mile, the outcome by the analysts were still a downgrade. It is bewildering to market observers and even more so to retail investors.

They are not long term in nature similar to many fund managers who are looking at it short term. So when I see some of the analysts changing valuation methods mid-way, or extending their forecast horizon to the financial year 2023 or 2024, it doesn’t surprise me anymore. The end justifies the means. People will do whatever is necessary to find reasons to justify an outcome which they want to see. It is human nature.

If investors are able conduct a valuation objectively, taking into consideration peer comparison, as well as intrinsic value of the company measuring the retained earnings, balance sheet and cash flow, they would know that the glove companies of Malaysia today is UNDERVALUED , regardless of the near term sentiment.To be fair, I have always liked glove companies even before Covid-19. Although I like glove stocks, I did not imagine how explosive their earnings potential would be. At times, I feel this is a tough sector due to the intense competition within the industry. Yet, I like the management of glove companies (the glove sector have some of the best entrepreneurs in our country) and it is a sector in which Malaysia has an undisputed leadership position in the world with over 67% market share.

Throughout 2020 during the hype of glove stocks, glove companies were the darlings of investors especially retail investors. Many chased the stocks on the way up and many were caught on the way down when foreign funds and local institutions exited. After the sell down, most, if not all glove stocks, are net cash as at July 2021.

When the glove stocks sell off exacerbated, first by foreign funds followed by local institutions, one brilliant local fund manager raised this point to me to indicate how the sector is undervalued.

The cash position and accumulated income of glove companies will only keep growing in the years to come even if ASP decline gradually in the future. This is because even at US$25 per carton pre-Covid-19, the major glove companies were profitable.

This means if the share price remains stagnant at this level, the market cap do not increase in tandem (share price does not move up in tandem with earnings), then sooner or later the percentage of cash will become 100% of the market cap. Of course, realistically this should not happen as share price logically moves with earnings.

So for those, especially retail investors who are worried that glove stocks share price will keep plummeting, well it will only happen if it starts making continuous losses in the coming quarters in the future.

If that is what you fear and think will happen, it is better not to invest in glove stocks. If you think that won’t happen, then you have nothing to fear.

Ultimately, whether to invest in glove companies or any companies for that matter, one should believe in the fundamentals and the long term horizon and not follow the herd mentality. It is best to have faith in the reported numbers you see every quarter and the management of the company you invest in. They are the ones that will grow your wealth as a shareholder, news articles or reports won’t.

I am an optimist by nature so I tend to look at things with a more positive bias. I have learnt over the years that sometimes when the share price is plummeting, all the negative news flow seem to come at once.

Ng Zhu Hann, is the author of Once Upon A Time In Bursa. He is a lawyer and former chief strategist of a Fortune 500 Corporation.

https://www.thestar.com.my/business/business-news/2021/07/17/should-retail-investors-still-believe-in-the-glove-sector

Posted by ToneeFa > 2021-07-17 12:39 | Report Abuse

Stock: [SUPERMX]: SUPERMAX CORP BHD

Jun 25, 2021 6:19 PM | Report Abuse

@glovefinish Delta variant going to spread attack whole world is too early to say now everything is just your imagination and own assumption. Let time to present it. Time would tell the truth won't lie. Just wait to see. I have saved all the postings created by someones here about the spread of delta variant in the world that would be used for verification in the coming time to see whether it's true or not.
25/06/2021 5:08 PM

Aunty GF, i feel honored you feel my postings were worth saving up. Pls be fair to highlight once you verified them to be true later. Thank you.
------------------------------------------------------------------------

Aunty GF, still remember our above conversation 3 weeks ago before the Delta variant exploded, when I was highlighting for some time before that the Delta variant will be causing the worst crisis of the pandemic, even before they gave it a name. You did not believe and challenge me about it.
Can you now admit that I was right?

Posted by ToneeFa > 2021-07-17 12:54 | Report Abuse

The rich developed countries can afford to lockdown the economy for long time to control the Delta spread, but many of the developing and 3rd World countries cannot afford to do that. So the coming wave would be hitting the developing and 3rd world countries very hard as they also have low vaccination rates. Therefore protecting the frontliners with gloves and proper PPE will become no 1 priority bcos without them the healthcare system will collapse totally.

Posted by pjseow > 2021-07-17 12:59 | Report Abuse

roadtomillionaires, the current supermx capacity is 26 billion per year or 6.5 billion per qtr . Previous qtr ( Jan to March), supermx shipped 5.4 billions pcs which was 80 % utilization. I presumed the last qtr ( April to June) shipment will be about the same or slightly higher due to June MCO with 60% workforce allowed. I understand currently supermx is still.operating.at 60 % with the lifting.of EMCO yesterday besides last 2 weeks shutdown .
---------------------------------------------
roadtomillionaires @pjseow hey mate, do you know what's the current production rate for Supermax during this MCO 3.0?
17/07/2021 11:15 AM

Posted by pjseow > 2021-07-17 13:14 | Report Abuse

Toneefa, haha, sound like it. He may have taken.some inputs from us. His focus on

1. Glove makers are still very profitable even.at
"" Worst case.scenario ""using US 25 per 1000
2. Glove Companies high nett Cash especially
supermx with 36.6 % market cap.
3. Glove companies still making record profits
4. The coming Delta Variants will continue to 一
drive demands for gloves.
5. Glove counters are undervalued

are what we had been advocating. I would like to thank him for summarising our thoughts in a nice write up.
-----------------------------------------
Haha this Ng guy must have read our postings here and got convinced with pjseow calculations , then bought into glove counters and promote with a nice write up. Kudos to him. We need more media analyst like him.
17/07/2021 11:23 AM

Posted by pjseow > 2021-07-17 13:33 | Report Abuse

EPF was lending KOSSAN shares for RSS since mid June .

--------------------------------
https://www.theedgemarkets.com/article/epf-has-lent-out-kossan-rubber-shares-regulated-short-selling-midjune

Posted by ToneeFa > 2021-07-17 13:37 | Report Abuse

Haha pjseow, he also said this
"This means if the share price remains stagnant at this level, the market cap do not increase in tandem (share price does not move up in tandem with earnings), then sooner or later the percentage of cash will become 100% of the market cap. Of course, realistically this should not happen as share price logically moves with earnings.".
Which we have been saying all along to the naysayers in our debate. In fact the stupeeed naysayers here are calling for 65sen, which would mean the cash would be almost 300% the market cap by end 2021.

Posted by farisfx54 > 2021-07-17 13:48 | Report Abuse

Many thanks to MrGoldberg,TooneFa N pjseow for the many Articles/posting for me they are very informative N educational ,i am very sure that many others will also appreciate them.N also not forgeting the Great MrTrevor777, for his posting in the other counters.Thank you again.

Posted by ket4212 > 2021-07-17 15:26 | Report Abuse

12528masih banyak

Posted by ToneeFa > 2021-07-17 15:46 | Report Abuse

Thanks farisfx54 , don't forget MrBeary as well. You can also contribute some positive postings here as well.

Posted by paseuophon_2 > 2021-07-17 16:24 |

Post removed.Why?

Posted by paseuophon_2 > 2021-07-17 16:25 |

Post removed.Why?

Posted by hng33 > 2021-07-17 16:44 | Report Abuse

On stocks selection, a successful breakout above downtrend line hurdle at RM4.13 will lift TOPGLOV (HLIB Research-BUY-TP RM6.66) share price higher towards the next barriers at RM4.26-4.58 levels (Supports: RM3.64-3.85), underpinned by bottoming up technicals. Likewise, the strong reclaim above 10d & 20d SMAs could spur SUPERMX (RM3.50, Notrated) share prices higher towards the next hurdles at RM3.65-3.95 levels. Strong supports are seen at RM3.20-3.33 zones

Posted by ToneeFa > 2021-07-17 17:07 | Report Abuse

@Beary I don't have statistics to show.
But I can imagine the cost of manufacturing in China cannot be lower than in Malaysia.
If China can beat us in glove manufacturing, they would have done so years ago when their manufacturing costs were much lower.
There must be reasons why Malaysia remains unchallenged as the world's No.1 for so long.
17/07/2021 11:48 AM

I think time will tell we don't need to be concerned about China glovemakers and their huge expansion for at least next 3 years, as for the next 2 years we shall see exponential increase of glove demand due to following potential scenarios:

1. In the next 3-6 months, many more countries with low vaccination rate around the world will be seriously ravaged by Delta variant. Hospitalization and death will increase in those countries. Vaccination will be expedited for these countries. These countries will start to serious stockpiling gloves and PPE like they never did before, and that's more than 50% of the countries in the world. Imagine all the bookings will extend until end of 2023 into 2024. Spot orders will packed out too.

2. In the next 6-9 months, with emergence of newer variants that will evade the current vaccines as warned by WHO, likely starting with collapse of China and Russia vaccines and then AZ and later Pfizer and Moderna. With some countries opening up, such emergence of newer and more powerful variants will be expedited. These new even more powerful variants will likely cause another wave by next year, right after Delta wave. The rush for booster jabs will take place starting from end of 2021 to end of 2022

3. Going forward especially in 2022, many countries cannot afford to lockdown further but need to learn to live with Covid. Therefore, even for highly vaccinated countries, with emergence of newer variants, we will see rise in hospitalization and death later. Once hospitals are full they just have to choose who will live and die. Gov't just have to make sure they protect the frontliners with as many gloves and N95 masks as possible. The collapse of frontliners = collapse of healthcare system. No money should be spared for that.

4. Once Covid is under control and become endemic by middle of 2023, The focus will shift to non-Covid highly back-logged cases. UK alone currently has around 13mil backlogged cases. All countries around the world will face the same backlogged problem which will take a few years to overcome. The gloves demand for these backlogged cases would be substantial too due to its global nature.

5. Around the world increased fear and stricter SOP all round will create exponential demand for gloves once the economies fully opened up. Even though we may all be vaccinated later, but we would not wish to be infected and carry the virus inside us. So demand due to SOP compliance will increase substantially too.

6. Base on above scenarios, going forward , we are going to see an unprecedented exponential growth of glove demand in the next 2-3 years , which will totally outstrip all previous projections by MARGMA. In fact we should welcome China glovemakers expansion, bcos they are helping to fill the huge shortage going forward, all for the purpose of saving humanity from collapse.

Posted by 754232 > 2021-07-17 17:20 |

Post removed.Why?

Posted by ToneeFa > 2021-07-17 17:48 | Report Abuse

https://inews.co.uk/inews-lifestyle/travel/france-red-list-is-going-covid-beta-variant-cases-new-travel-restrictions-holidays-1107281

The Beta variant was first identified in South Africa and is spreading in parts of France, causing concern that it might ‘re-seed’ in the UK

The Beta variant, first identified in South Africa, is believed to be more resistant to vaccines than other strains of the virus, with Government officials said to be alarmed about the possibility of holidaymakers “re-seeding” the variant in the UK this summer.

A senior government source said: “They are worried about the South African variant because they think it escapes the vaccine, although they don’t have evidence of that yet.

In May the Beta variant was believed to have contributed to a dramatic surge in cases in the Seychelles, which has one of the highest percentages of vaccinated population in the world.

Despite a 71.5 per cent vaccination rate, the Indian Ocean island nation experienced a sharp increase in casualties when social restrictions were loosened earlier this year.

Meanwhile the World Health Organisation’s emergency committee warned today that new and more dangerous Covid-19 variants which could avoid vaccination efforts were expected to spread around the world.

The committee warned that “the pandemic is nowhere near finished” and said that “recent trends are worrying”.
--------------------------------------------------------------
The Beta variant is believed to have alrdy escaped the China vaccines. Likely the Beta lineage may be the variant that will breakthru all the vaccines.

Posted by myinvestor > 2021-07-17 18:35 | Report Abuse

Covid19 virus mutation from Alpha to Lambda.

https://www.msn.com/en-my/news/berita/mutasi-virus/ar-AAMf6QP?ocid=msedgntp

Posted by myinvestor > 2021-07-17 20:02 | Report Abuse

No more EMCO in Selangor starting today.

The affected 34 sub-districts in the 8 Selangor districts are:

Petaling: Petaling, Damansara, Sungai Buloh and Bukit Raja
Kuala Langat: Tanjung 12 (1), Tanjung 12 (2), Morib, Teluk Panglima Garang, Bandar, Jugra and Batu
Hulu Selangor: Serendah, Rasa, Ulu Yam and Batang Kali
Hulu Langat: Hulu Langat, Ampang, Cheras, Kajang, Semenyih and Beranang
Gombak: Batu, Rawang, Setapak, Hulu Kelang and Kuang
Sepang: Dengkil, Labu and Sepang
Klang: Kapar and Klang
Kuala Selangor: Ijok, Bestari Jaya and Jeram

This will be replaced by targeted EMCOs.

Posted by happyman > 2021-07-17 20:18 |

Post removed.Why?

Posted by observatory > 2021-07-17 20:59 | Report Abuse

Viruses keep mutating since time immemorial. Yet human race has survived numerous plagues in the history.

I'm optimistic that current vaccines are effective in containing the spread of Covid, even with the Delta variant. My optimism is founded on evidence. And one piece of that evidence is in Malaysia itself.

Recently Health DG Noor Hisham told us that

“At one point, Labuan had the highest number of cases per population of 100,000 people, outstripping even Kuala Lumpur, Negri Sembilan and Selangor.

Dr Noor Hisham said that Covid-19 cases in the tiny federal territory soared to 1,340, within a week at one point.

He attributed the spurt to the Delta variant which spread from workers in the shipping industry there.

He said Labuan saw cases declining in under three weeks after the government stepped up vaccination there.

He added that 52 per cent of those in Labuan have completed both doses of the vaccine.

“Today, there are only 26 cases in Labuan,” he said.”

Source:
https://www.malaymail.com/news/malaysia/2021/07/15/dr-noor-hisham-new-covid-19-variants-including-delta-is-airborne-and-can-in/1990198

Posted by observatory > 2021-07-17 20:59 | Report Abuse

Of course, one may ask even if current vaccines can contain the Delta variant, how about the Epsilon, Zeta, Eta, Theta and the long string of alphabets after that?

Well, I’m still optimistic based on two facts. First, improved booster shots and new vaccines are being developed round the clock by all major vaccine producers. Unlike 2020, this time we’re not caught off guard. The money, infrastructure and policy supports are all there. This is the top global priority. I’m confident the vaccine evolution could at least keep pace with virus evolution.

Second, there are historical precedence that as viruses mutate, they become less deadly and eventually co-exist with the hosts. One good example is the 1918 Spanish Flu was never wiped out but continued to evolve into different strains over the last century. We human lived with it without realizing it. On the other hand, deadly viruses like Ebola did not spread very far because it killed its hosts and cutting off the transmission chains.

But instead of guessing/ speculating what come next, the best is to let the data tells what is happening. Hospitalization rates at major glove markets (US, Germany, Japan, UK …) inform us how serious and deadly the new variants have become.

So far hospitalization rates at those developed countries rise only gradually. This is despite lockdowns being lifted and people throwing cautions into the wind. In UK case, Delta variant has been detected since Apr and clocked in more than a quarter million cases. Yet hospitalization rate is below 3,000 as compared to peak of near 40k. This is against the backdrop of last month European Cup where fans crisscrossed the continent, shouting and partying maskless.

Source:
https://ourworldindata.org/covid-hospitalizations

Until I see the hospitalization rates rise a lot more, and a lot more rapidly, I’m not convinced on the theory of deadly variants or vaccine failures will bring about another round of glove demand surge like last year. At least the market does not think in this way.

For long term investors, it’s better to keep watch on how supply evolve as that will be the important factor determining future ASP and hence profit. And work out the valuation accordingly. Hold with a long term view and only enter in stages.

Posted by NatsukoMishima > 2021-07-17 21:11 |

Post removed.Why?