Posted by ket4212 > 2021-08-06 09:22 | Report Abuse

green green green

Posted by imvu > 2021-08-06 09:23 | Report Abuse

double bottom , lepas ni mungkin tak dapat dah harga area 3.100 .

Posted by Start_0f_the_bull > 2021-08-06 09:29 | Report Abuse

Riverstone up 5%. Today is gloves day.

Posted by chief999 > 2021-08-06 09:29 | Report Abuse

double bottom and rsi divergence....

Posted by Citadel9999 > 2021-08-06 09:29 |

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Posted by Citadel9999 > 2021-08-06 09:30 |

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Posted by glovefinish > 2021-08-06 09:30 |

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Posted by ket4212 > 2021-08-06 09:33 | Report Abuse

opponents is coming

Posted by glovefinish > 2021-08-06 09:35 |

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Posted by Citadel9999 > 2021-08-06 09:38 |

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Posted by glovefinish > 2021-08-06 09:40 |

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Posted by Start_0f_the_bull > 2021-08-06 09:42 | Report Abuse

Not moving up, neither it is moving down.
No point argue. Correct or not?

Posted by imvu > 2021-08-06 09:45 | Report Abuse

round 1 = 3.040 - 3.780 . round 2 = 3.100 - ? 6.200 ?

Posted by glovefinish > 2021-08-06 09:46 |

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Posted by Citadel9999 > 2021-08-06 09:46 |

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Posted by glovefinish > 2021-08-06 09:52 |

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Posted by myinvestor > 2021-08-06 09:56 | Report Abuse

US new cases hit above 120k.

Posted by investmalaysia777 > 2021-08-06 09:57 |

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Posted by glovefinish > 2021-08-06 09:58 |

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Posted by Citadel9999 > 2021-08-06 09:58 |

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Posted by Start_0f_the_bull > 2021-08-06 09:59 | Report Abuse

Usually only contra players will unload to make a quick buck or cut loss. Value players will just sit back and watch. Correct or not?

Posted by investmalaysia777 > 2021-08-06 10:02 |

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Posted by glovefinish > 2021-08-06 10:03 |

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Posted by NatsukoMishima > 2021-08-06 10:06 | Report Abuse

share price dropping is not a bad thing for good FA company supporters because it s a good chance to top up more for future growth , i hope it can drop 70 % to top up more , i will be more happy , share price will rebound eventually following FA but just a timely matter ,so no need to worry ! Pls buy at 5 years lowest point to play safe also !

Posted by imvu > 2021-08-06 10:10 | Report Abuse

kalau tengok timeframe monthly chart glove , harta , kossan , topglov , supermx , tunggu rsi masuk area bawah 30% dulu lepas tu keluar balik area 30% baru start invest long term . rasa rasa tak lama dah tu , mungkin tahun depan .

Posted by CITADEL > 2021-08-06 10:11 |

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Posted by investmalaysia777 > 2021-08-06 10:13 |

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Posted by onhands > 2021-08-06 10:18 | Report Abuse

S OTB
Royale Solute

Posted by onhands > 2021-08-06 10:18 | Report Abuse

Start_0f_the_bull Usually only contra players will unload to make a quick buck or cut loss. Value players will just sit back and watch. Correct or not?
06/08/2021 9:59 AM

Posted by NatsukoMishima > 2021-08-06 10:24 | Report Abuse

The tech stocks supporters will be burnt kaw kaw after september because nothing to support their price compared with high divy from gloves stocks !

Posted by Start_0f_the_bull > 2021-08-06 10:27 | Report Abuse

Politic instability, pandemic spread like no tomorrow, shops closed, factories closed , people out of jobs, limited funds in the market, how to expect a share market rally? Maybe some operators goreng counters only lah.
Money is the king. Can buy Supermax now or not? Do your own research is the safest way.
As for me, witnessing the bearish market now RM3 is the desire price to load up more.
Just my 2 cents.

Posted by xiaomixiaohai > 2021-08-06 10:31 |

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Posted by ket4212 > 2021-08-06 10:32 | Report Abuse

3.10 I already buy

Posted by Start_0f_the_bull > 2021-08-06 10:40 |

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Posted by casanwk > 2021-08-06 10:44 | Report Abuse

All the best!

Posted by xiaomixiaohai > 2021-08-06 10:47 |

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Posted by Start_0f_the_bull > 2021-08-06 10:51 | Report Abuse

xiaomixiaohai U still living in glove peak era? It won't be peak again
06/08/2021 10:47 AM

Peak or not peak. Supermax profit will drop?
How much do you know?
No action talk only, correct?

Posted by imvu > 2021-08-06 11:16 | Report Abuse

nak duit segera , pergi kaji dan buat listing semua kaunter penny stock yang ada warrant . pastikan penny stock tu buat profit pada quarter lepas . beli / monitor warrant penny stok tu / tunggu jerung in baru masuk , nanti jerung pump sekejap je dah jadi jutawan segera .

Posted by freddiehero > 2021-08-06 11:17 | Report Abuse

superman time linteh..

Posted by DickyU > 2021-08-06 11:18 | Report Abuse

Penny stock is better than glove , glove drop forever .

Posted by MoneyMakers > 2021-08-06 11:26 |

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Posted by MoneyMakers > 2021-08-06 11:32 |

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Posted by pjseow > 2021-08-06 11:39 | Report Abuse

Below were the supermx briefing of last QR.
The key takeaways were :

1. The ASP s for end June qtr will be US 80 to 110.
2. As supermx sold its gloves under contractual basis, the ASPs for at least 2 subsequent qtrs will not be significantly impacted.

3. The demand will continue to be strong for the next 1.5 to 2 years.
4. New capacities from plant 13 ( 2.7 5 b) and plant 14 ( 1.0 b ) will be added to existing 26 b

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

Key takeaways from Supermax’s 3QFY21 results briefing

Supermax’s 3QFY21 core net profit of RM1.08bn (+2% qoq, +1,420% yoy) was mainly due to higher ASP. 3QFY21 volume was impacted by plant closures due to Covid-19 cases which the losses are bigger than expected earlier (entire production loss in February). Revenue loss during the quarter is about RM313m (c.14% loss). Production is now back to normal.
Overall, management expected global demand to remain strong and will continue for the next 1.5 to 2 years. However, the increasing competition in the market will push prices on a downward trajectory.
ASP have reach a peak in the March quarter.
Supermax’s ASP starting to see a drop in 2Q2021 which is earlier than our expectation in 2H2021.
Blended ASP still rose in 3QFY21 = Jan: USD84.61 (+1.3% mom), Feb: USD87.65 (+3.6% mom), March: USD89.2 (+1.7% mom).
Going forward, nitrile ASP (factory level) for April - June is about USD80-110, while July onward deteriorating to about USD70.
Currently, spot prices are lower than contracted prices and Supermax’s current spot prices for shipment in June is slipping down to USD70-80. As Supermax mostly sells its products under contract basis (its spot <5% of total production), it is expecting that blended ASP will not be significantly impacted in at least next 2 quarters.
Large NBR capacity are seen coming from China and they are selling the glove at aggressively lower prices. This is believed to be the main reason for the downward trend of nitrile glove prices in the market.
Next quarters will see new capacity coming from plants 13 & 14. Overall, Supermax expansion plan will add capacity of 22.25bn pcs p.a. making a total of 48.42bn pcs p.a. by end-2022.
The company is in net cash position of RM3.7bn. They have declared a special DPS of 13sen in 3QFY21, bringing a total YTD DPS of 16.8sen.

Posted by Citadel9999 > 2021-08-06 11:49 |

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Posted by pjseow > 2021-08-06 12:01 | Report Abuse

Tonee and Myinvestor,

THere is a possibility that supermx already has 30 billions p.a capacity by now from the newly added 2.75 b from plant 13 and 1.0 b from plant 14 . The last QR briefing did mentioned about such capacity add . The balance 6 billions will most likely be added in 2H making the total capacity to 36 billions which is higher than the present Kossan capacity.
By end of Sept 2021 , supermx might add another 3 billions and by end December by another 3 b making the total to 36 billions as committed by Supermx .
The 2H earnings will be boosted if this is the case . One billion per qtr earning will not be a problem for the subsequent qtrs barring any unforeseen circumstances . I think supermx workers will also be vaccinated as the other glove makers .

Posted by Start_0f_the_bull > 2021-08-06 12:26 | Report Abuse

https://www.theguardian.com/world/2021/aug/05/indonesia-covid-deaths-pass-100000-as-delta-overwhelms-hospitals

The share price may have dipped or continues to dip but will demand for gloves drops with situation like this?
So sad but so true.

Posted by myinvestor > 2021-08-06 12:27 | Report Abuse

Posted by pjseow > Aug 6, 2021 12:01 PM | Report Abuse

Tonee and Myinvestor,

THere is a possibility that supermx already has 30 billions p.a capacity by now from the newly added 2.75 b from plant 13 and 1.0 b from plant 14 . The last QR briefing did mentioned about such capacity add . The balance 6 billions will most likely be added in 2H making the total capacity to 36 billions which is higher than the present Kossan capacity.
By end of Sept 2021 , supermx might add another 3 billions and by end December by another 3 b making the total to 36 billions as committed by Supermx .
The 2H earnings will be boosted if this is the case . One billion per qtr earning will not be a problem for the subsequent qtrs barring any unforeseen circumstances . I think supermx workers will also be vaccinated as the other glove makers .

PJ Seow, thanks for your updates. It could be 30-32b capacity if u include lot38, Sg buloh. 1.19

Rebuilding & Replacement of Old Lines
Lot 38, Sg Buloh
Capex 70.0m additional capacity 1.19b 2HCY20 (FY21)
Source Midf.

Posted by ToneeFa > 2021-08-06 13:00 | Report Abuse

Thanks pjseow and myinvestor for the info. So likely there would be increased capacity between 15%-23% alrdy by this qtr. Maybe Supermax management want it to be a surprise news for coming QR. This additional capacity may be able to offset the expected ASP drop for this qtr. Then by Sep there is additional 10% addition and by December another 10%. Likely moving into the fall and winter, the expected surge on top of overall increased in the global wide surge may put hold to further ASP drop. So we should see better results from Supermax , likely with PAT > 1b/qtr for next 4 qtrs. Assume 0.13 dividend for next 4 qtrs, at 3.1 , the div yield is 17%!! Apa lagi mau

Posted by Citadel9999 > 2021-08-06 13:13 |

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Posted by 5c0160 > 2021-08-06 13:17 | Report Abuse

sunset oledi, 2.80 soon.