Posted by dimmubroker > 2021-08-06 19:25 | Report Abuse

All gloves in mess now.

Even for TG and Harta also

Posted by Iamstilllearning > Aug 6, 2021 3:31 PM | Report Abuse

good results = cannot maintain
bad results = shares price overvalue.

this is what they value about glove stocks.

so, just wait the asp normalise,

then the true value of gloves will appear.

good luck guys

Posted by Boston > 2021-08-06 19:48 | Report Abuse

Extraordinary 88….agreed with you that bursa not as advance as other bourses. We need RSS to provide liquidity. With higher volume, more fun to trade. But lots of glove holders start to blame rss day in day out. Just be cool headed and think for one second why did seller want to sell at this ‘cheap’ price?? Sellers are using same informations/tools as buyers.

Posted by Boston > 2021-08-06 19:54 | Report Abuse

I got a friend who’s ‘expert’ in trading. He long TG @ rm9 keep asking me to buy. Met up with him last week, told me he cut loss at rm8, then buy back at rm7, cut loss at rm6, buy back at rm5. Last week cut loss at rm4. Don’t know how to calculate how much he lost.

Posted by 5c0160 > 2021-08-06 20:20 | Report Abuse

LOL.

Posted by RISK8888 > 2021-08-06 20:37 | Report Abuse

since pandamic start already pocket 3.2bil profit. this QR another 1bil ++ profit. together already pocket 4bil++ profit. at 8bil market cap, price seems reasonable. assuming remaining 2Q earn another 1.5bil. total profit in pocket= 6bil. with covid variant will remain high risk to all countries, on going vaccination. Profit will sustain at least 50% of current peak. If 2022 can make half of the 2021 profit. 8 market cap is a bonus for investor. Profit in 2021+2022 add up equal to current market cap. Don't forget the cash position of 4bil, which potentially can be another surprise to us.

Posted by Start_0f_the_bull > 2021-08-06 20:52 | Report Abuse

Boston I got a friend who’s ‘expert’ in trading. He long TG @ rm9 keep asking me to buy. Met up with him last week, told me he cut loss at rm8, then buy back at rm7, cut loss at rm6, buy back at rm5. Last week cut loss at rm4. Don’t know how to calculate how much he lost.
06/08/2021 7:54 PM

This is very funny. But don't forget to take your medicine ya. Now covid-19 also difficult to find hospital bed. Correct or not?

Posted by RISK8888 > 2021-08-06 20:58 | Report Abuse

Jun'20- 400mil (actual)
Sep'20- 790mil (actual)
Dec'20- 1,060mil (actual)
Mar'21- 1,005mil (actual)
Jun'21- 1,000mil (projected)
Sep'21- 750mil (assumption)
Dec'21- 600mil (assumption)
Mar'22- 450mil (assumption)
Jun'22- 450mil (assumption)
Sep'22- 250mil (assumption)
Dec'22- 250mil (assumption)

total profit ended 2022= 8bil

base on the above scenario, buying supermax today (8bil mkt cap). we will achieve 100% ROI by end 2022. Very good investment right? Feel free to comment.

Posted by Boston > 2021-08-06 21:01 | Report Abuse

I don’t own TG shares so no need to take medicine. My friend initially bought 100000 TG shares at rm9 ,now waiting to buy back so maybe still make profit depending on his entry point. We are talking about same 100000 shares. Maybe at rm3 he can buy 300000 with the same initial capital. Oppsss…you bought at what level???

Posted by monetary > 2021-08-06 21:24 | Report Abuse

glove doesn't solve covid 19 problem. vaccines do. look pfizer & mederna share prices. u must figure out what fund managers are thinking. what u think isn't important. simply because u can't move share price.

Posted by ToneeFa > 2021-08-06 21:37 | Report Abuse

@RISK8888

I think more like this :

Jun'20- 400mil (actual)
Sep'20- 790mil (actual)
Dec'20- 1,060mil (actual)
Mar'21- 1,005mil (actual)
Jun'21- 1,000mil (projected)
Sep'21- 1,000mil (assumption)*
Dec'21- 1,000mil (assumption)*
Mar'22- 1,000mil (assumption)*
Jun'22- 1,000mil (assumption)+
Sep'22- 750mil (assumption)+
Dec'22- 750mil (assumption)+

total profit ended 2022= 9.6 bil

* Assume elevated global glove demand due to Delta wave during fall to winter
+ Fully completed phase 1 expansion and part completion of phase 2 expansion and very gradual
ASP due to new more powerful variants

Posted by ToneeFa > 2021-08-06 21:48 | Report Abuse

@Boston I don’t own TG shares so no need to take medicine. My friend initially bought 100000 TG shares at rm9 ,now waiting to buy back so maybe still make profit depending on his entry point. We are talking about same 100000 shares. Maybe at rm3 he can buy 300000 with the same initial capital. Oppsss…you bought at what level???
06/08/2021 9:01 PM

Hey Boston, I think the reason why u suddenly popped up here is bcos you are seriously considering entering Supermax after reading all the comments here. You are realizing that perhaps this is the right time after all with such good earnings and div yield ( at least 15% at current price) going forward, the risk seems low. And you are right. With so much cash in hand, very good expansion plan with additional 85% capacity to complete by end 2022, potential expansion to US and with Covid still ravaging the world , with the worst case scenario still yet to play out. I m also wondering, what can go wrong? Anyway , for me gloves investment is a good hedge against the worst case scenario of Covid.

Posted by Start_0f_the_bull > 2021-08-06 22:52 | Report Abuse

Boston I don’t own TG shares so no need to take medicine. My friend initially bought 100000 TG shares at rm9 ,now waiting to buy back so maybe still make profit depending on his entry point. We are talking about same 100000 shares. Maybe at rm3 he can buy 300000 with the same initial capital. Oppsss…you bought at what level???
06/08/2021 9:01 PM

I thaught you only have a confused mind, now maybe got comprehensive problem too. I mean psychiatric medine lah because you wrote very funny leh.
I don't own any TG or Supermax share, same as you here blow blow water only lah.

Posted by kami82 > 2021-08-06 22:57 | Report Abuse

Aiyoo.

Buy at 9.00?

And now the TG share looks not so good

Posted by Start_0f_the_bull > Aug 6, 2021 10:52 PM | Report Abuse

Boston I don’t own TG shares so no need to take medicine. My friend initially bought 100000 TG shares at rm9 ,now waiting to buy back so maybe still make profit depending on his entry point. We are talking about same 100000 shares. Maybe at rm3 he can buy 300000 with the same initial capital. Oppsss…you bought at what level???
06/08/2021 9:01 PM

I thaught you only have a confused mind, now maybe got comprehensive problem too. I mean psychiatric medine lah because you wrote very funny leh.
I don't own any TG or Supermax share, same as you here blow blow water only lah.

Posted by ToneeFa > 2021-08-06 23:31 | Report Abuse

https://www.cnbc.com/2021/08/05/dr-fauci-things-will-get-worse-amid-covid-delta-surge-unvaccinated.html

Dr. Fauci: ‘Things are going to get worse’ — here’s what that could look like

Though it’s tough to imagine a situation more dire than the country’s current surge, “we’re looking to some pain and suffering in the future because we’re seeing the cases go up,” Fauci said.

Experts suggest the U.S. needs a 90% vaccination rate to reach herd immunity, given delta’s keen ability to spread. If that doesn’t happen, Fauci told McClatchy D.C. on Wednesday, the virus will keep spreading through the fall and winter — giving it “ample chance” to develop another, worse variant.

So long as a virus can spread, it can mutate and create more dangerous variants. And while the Covid vaccines in use appear to work well against current variants, “there could be a variant that’s lingering out there that can push aside delta,” Fauci told McClatchy.

If a more vaccine-resistant variant emerges, people could need booster shots. Countries like Israel, Germany and France have already started administering third doses of mRNA vaccines as boosters — though the World Health Organization said Wednesday that it’s too soon to move forward with boosters until vaccine inequalities are addressed around the world.

“We’re talking about boosters in countries that have access to vaccine,” Keri Althoff, an epidemiologist at the Johns Hopkins Bloomberg School of Public Health, told CNBC Make It. “Whereas we still have people all over the world who don’t have any access, at this point, to even the first dose.”

Most of the virus’s current ability to spread across the U.S. — which has plentiful vaccine supply — is due to America’s large population of unvaccinated people. About 30% of the adult population in the U.S. has not received at least one dose, and roughly 33% of eligible children ages 12 -17 have yet to receive a shot.

New data from the CDC has also raised concerns about breakthrough cases, where vaccinated people can occasionally transmit the delta variant to other people. The CDC only tracks breakthrough cases that lead to severe hospitalizations and death, but most breakthrough cases tend to be mild or asymptomatic — leading some experts to say the agency could be missing crucial real-time data on their prevalence and ability to foster new variants.

“Remember, just a couple of months ago, we were having about 10,000 cases a day,” Fauci told McClatchy. “I think you’re likely going to wind up somewhere between 100,000 and 200,000 cases.” The average is currently higher than the peak last summer, before vaccines were authorized and in use. The seven-day rolling average of daily cases was 84,389 on Aug. 2, according to the CDC’s data. Last year, the CDC reported about 68,700 new cases per day.
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US need 90% fully vaccinated to achieve herd immunity. According to Fauci, US cannot avoid the coming pain and suffering. Gonna be a tough winter for US. After that may have to face a new more powerful variant that can totally evade all current vaccines next year. US still have a long way to go to get out of the pandemic.

Posted by ToneeFa > 2021-08-07 00:10 | Report Abuse

Just mark my words, I foresee Delta is gonna hit the global recovery very hard. Soon global markets are gonna have meltdowns once they realize more lockdowns are gonna be order of the day. Delta and subsequent more powerful, vaccine escape variants are gonna wreck havoc around the world. Its gonna create new uncertainty as to whether human can control the situation. The global daily cases gonna > 1mil soon . More hospitalization and deaths will happen globally. In next 2-3 months things are gonna get real ugly. And its unavoidable. Its coming and nothing anyone can do about it. Only consolation is that gloves production will be ramped up due to recent expansions to help meet the huge coming demand.

Posted by Benhobenhobenho > 2021-08-07 08:43 | Report Abuse

@tooneeFa. U are right bro, but let's hope the situation will not go until that stage.

Posted by myinvestor > 2021-08-07 08:55 | Report Abuse

US hitting 130k today. Every day increase 10k now.

Posted by UPlanet > 2021-08-07 08:57 | Report Abuse

US 129k, UK 31k, Israel 2.9k

Posted by Bgt 9963 > 2021-08-07 09:00 |

Post removed.Why?

Posted by myinvestor > 2021-08-07 10:18 | Report Abuse

U.S. President Joe Biden declared the U.S. close to independence from the virus. Britons hit the dance floor to celebrate “Freedom Day.” Singapore’s legendarily strict government signaled it would begin to loosen its zero-cases approach and make life and travel more manageable.

But if those places were ready to be done with COVID, COVID wasn’t done with them.

The sputtering U.S. vaccine campaign has run headlong into the highly-contagious delta variant. The U.K.’s reopening has coincided with a new surge in cases and fears of “long COVID” in younger people. In Africa, deaths have spiked as vaccine supplies remain meager. And in Japan, rising infections have forced the already-delayed Summer Olympics to be played in empty stadiums and arenas


https://fortune.com/2021/07/27/how-covid-19-came-raging-back-2021-vaccination-delta/

Posted by RockerArm > 2021-08-07 10:21 | Report Abuse

All sectors will suffer except gloves n gloves related

Posted by investmalaysia77 > 2021-08-07 10:26 |

Post removed.Why?

Posted by Start_0f_the_bull > 2021-08-07 10:54 | Report Abuse

With covid-19 worsening at this stage there are many investors still believe glove is over due to the speeding up of covid-19 jabs and even thinking that the demand for gloves is coming to an end. One joker in this forum even wrote '' glove is over since last year ".
Anyway, can't deny Malaysia gloves share price was declining as at previous trading day.
Hope this pandemic will not be as bad as the Spanish Flu one hundred years ago.
KITA JAGA KITA.

Posted by Goldberg > 2021-08-07 11:03 | Report Abuse

Comfort in consensus, or victim of it?
---------------------------------------
https://www.thestar.com.my/business/business-news/2021/08/07/comfort-in-consensus-or-victim-of-it

Posted by investmalaysia77 > 2021-08-07 11:07 |

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Posted by investmalaysia77 > 2021-08-07 11:07 |

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Posted by glovefinish > 2021-08-07 11:42 |

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Posted by glovefinish > 2021-08-07 11:46 |

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Posted by glovefinish > 2021-08-07 11:53 |

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Posted by investmalaysia77 > 2021-08-07 11:56 |

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Posted by glovefinish > 2021-08-07 12:05 |

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Posted by rchi > 2021-08-07 12:12 | Report Abuse

No amount of reasoning can beat the market action.Ppl think they know a lot.But the more they reason the more it fell.Thats is why professors never make good investors or traders.

Posted by investmalaysia77 > 2021-08-07 12:20 |

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Posted by glovefinish > 2021-08-07 12:21 |

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Posted by glovefinish > 2021-08-07 12:46 |

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Posted by myinvestor > 2021-08-07 12:54 | Report Abuse

How many cases and deaths can the United States expect in the Delta-driven surge?
Many computer models predict case counts will peak sometime between mid-August and early September. That peak may bring as many as 450,000 daily cases, according to forecasters at the Institute for Health Metrics and Evaluation (IHME) at the University of Washington. IHME’s models have drawn controversy throughout the pandemic and other groups are more conservative: The COVID-19 Forecast Hub predicts the daily case count on 21 August will be somewhere between 29,000 and 176,000, using a range of estimates from 41 different models.

But all projections rely on assumptions that are moving targets—such as mask wearing and vaccination behavior—and accuracy quickly diminishes the further out the forecast. “We can probably expect to see cases continue to rise for the next 2 or 3 weeks at least. Beyond that, I think it’s challenging to predict,” says David Dowdy, an infectious disease epidemiologist at the Johns Hopkins Bloomberg School of Public Health.

https://www.sciencemag.org/news/2021/08/what-does-delta-variant-have-store-us-we-asked-coronavirus-experts

Computer predict 450k daily cases in US in early September.

Posted by glovefinish > 2021-08-07 12:54 |

Post removed.Why?

Posted by pjseow > 2021-08-07 13:01 | Report Abuse

The author made 2 assumptions which were unrealistic and incorrect

1. The assumption that supermx capacity remain unchanged or there is no capacity expansion.
2. The assumption that there is no earning from the Distribution.divisions which had been.contributing 30 to 35 % of total earnings sincebthe change of business model by getting rid of middlemen.
The assumption that the supermx annual revenue of 2 billions was way unrealistic because even if the ASP drop to US 24 which is pre pandemic price, the mfg revenue should be

24 x 48 x0.8 x4.2 = 3.87 billions.

If we base on latest consensus post.pandemic price of US 30 to 35 from Topglove and Harta management , the mfg revenue of supermx will be

30 x 48 x 0.8 x 4.2 = 4.838 billions

This is more than twice the author assumption.
------------------------------------------
glovefinish Topglove and supermx overvalued, refer the following :

https://youtu.be/ElsOToQM5Yc
07/08/2021 12:05 PM

Posted by Start_0f_the_bull > 2021-08-07 13:10 | Report Abuse

https://m.youtube.com/watch?v=1ARJND47tTM&feature=youtu.be

Hope for the best.

Posted by Start_0f_the_bull > 2021-08-07 13:28 | Report Abuse

glovefinish Many here think that glove stocks price can go up high with good fundamentals, good quarter result, high covid cases and delta variant spread that they always talk about but the actual market movement situation now opposed from what they think.
07/08/2021 12:21 PM

rchi No amount of reasoning can beat the market action.Ppl think they know a lot.But the more they reason the more it fell.Thats is why professors never make good investors or traders.
07/08/2021 12:12 PM

For me your comments make sense.
Nonetheless, to those genuine investors who consider the price is cheap now is it a good opportunity to enter now? It is even better for them if the price drop further. True or not?
Just my view, existing shareholders don't scold me ya, ok?

Posted by rchi > 2021-08-07 13:31 | Report Abuse

Start of the bull.In bursa there are more than one thousand stocks to invest.Some are in the sunrise industries like Ev n 5G.Some are in the sunset industries where no amount of good news seem to be able to excite them.The choice is always ours.

Posted by ToneeFa > 2021-08-07 14:09 |

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Posted by Citadel9999 > 2021-08-07 14:11 |

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Posted by investmalaysia777 > 2021-08-07 14:24 |

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Posted by ToneeFa > 2021-08-07 14:33 | Report Abuse

Well its only my personal prediction of what may be coming and I don't expect you both simpletons to be able to appreciate it.

Posted by Start_0f_the_bull > 2021-08-07 14:33 | Report Abuse

Citadel9999 tunafa talk so much rubbish but share price keep dropping, u better shut Ur mouth la
07/08/2021 2:11 PM

From your past comments obviously you really hate gloves so much. I am not sure if you will reject a doctor or nurse that wear gloves to attend to you one day (hope you will not be that sick one day).
Let's be rational, aren't we all here are the same blowing water only? Why raised your emotion when other people wrote something that you dislike?

Posted by rchi > 2021-08-07 14:33 | Report Abuse

Malaysia has become a funny place.A pm without a majority where even a blind can see the fact could still claim he indeed command a majority.A stock that dropped from 12.00 to 3.00 surely will have some smart alex claiming they know it is one of the best in bursa and will still be in future.

Posted by rchi > 2021-08-07 14:36 | Report Abuse

Maybe tmr our prestigious UM will give first class honours to those scoring zero and fail those scoring full marks.

Posted by Stealth > 2021-08-07 14:40 | Report Abuse

tonee, citadel is mr., hindsight and im777 is mr poor sight, what can you expect from them?

Posted by investmalaysia777 > 2021-08-07 14:49 | Report Abuse

yes ah? poor sight? we've been right for the whole year. you all so good and expert in all these so called valuations so what? mr market always right. and mr market proves us right.