Posted by UPlanet > 2021-08-12 09:14 | Report Abuse

US 117k, UK 29k, Isreal 7.7k!!!

Posted by Stealth > 2021-08-12 09:27 |

Post removed.Why?

Posted by glovefinish > 2021-08-12 09:29 | Report Abuse

All glove counters including supermx long term stagnant downwards no matter how high covid cases delta variant spread and whether quarter result good or bad. Even it would further drop if quarter result not good as expected. These are the facts that all glovers have to face.

Posted by Maridien2 > 2021-08-12 09:30 | Report Abuse

Covid forever, there is no way out. Glove demand will be higher year after year forever.

Posted by glovefinish > 2021-08-12 09:38 | Report Abuse

The peak for glove demand and ASP already over, now declining from the peak even pandemic still on. This is the reason why all glove counters prices including supermx long term stagnant downwards can't go up high already. If don't believe let time to present for u, just wait and see. Time would tell u all the things it won't lie.

Posted by ncy810116 > 2021-08-12 09:48 | Report Abuse

let's go

Posted by wallstreetrookie > 2021-08-12 09:50 | Report Abuse

Mini short squeeze - trading buy

Posted by Extraordinary88 > 2021-08-12 09:50 | Report Abuse

Supermx is going to release bombastic result due to last qtr stock holding due to shipping shortage.
Plus surging volume fly to the roof new production coming in
Blow shorty out of water

Posted by Extraordinary88 > 2021-08-12 09:52 | Report Abuse

More or on par with harta
Its a big fat ugly profit made in war time

Posted by imvu > 2021-08-12 09:53 | Report Abuse

double bottom , gap up limit up .

Posted by glovefinish > 2021-08-12 09:55 |

Post removed.Why?

Posted by Extraordinary88 > 2021-08-12 09:56 | Report Abuse

In crazy time demand never dropping as covid stage comeback with devastating new form.
It will last for many year and shorty will never be d same AGAIN

Posted by Extraordinary88 > 2021-08-12 09:59 | Report Abuse

Last year mco, cases only 500-800
Now mco, cases 20k .Ok i joking lah
Many shorty already believe covid is OVER by tis year.
Ok iam joking
Shorty u must be joking

Posted by glovefinish > 2021-08-12 10:00 |

Post removed.Why?

Posted by supermax to the Moon! > 2021-08-12 10:01 | Report Abuse

Short seller sell sell sell

Posted by Extraordinary88 > 2021-08-12 10:04 | Report Abuse

Perception create by shorty that demand had peak
Reality its not even peak yet

Posted by Extraordinary88 > 2021-08-12 10:09 | Report Abuse

Market wrong on assume covid is should be OVER by NOW. That is based on H1N1 .
Its more devastating then spanish baby
Market will correct itself SOON

Posted by Extraordinary88 > 2021-08-12 10:11 | Report Abuse

Soon one by one realise what a mistake they made

Posted by glovefinish > 2021-08-12 10:13 |

Post removed.Why?

Posted by Maridien2 > 2021-08-12 10:14 | Report Abuse

Short sellers made wrong prediction hence they have no choice but to continue pressing down the price. I assume their job is on the line as well if they lose this battle.

Posted by Goldberg > 2021-08-12 10:15 | Report Abuse

Demand for gloves to stay strong
---------------------------------
Thursday, 12 Aug 2021

KUALA LUMPUR: The Malaysian rubber industry, which recorded exceptional performance in the first half of 2021, is expected to maintain its momentum and reach a new high this year as demand for gloves is projected to stay strong for a long time.

Malaysian Rubber Council (MRC) chief executive officer Nurul Islam Mohamed Yusoff said the performance of rubber gloves is expected to remain robust despite the ramp up in global vaccination levels.

https://www.thestar.com.my/business/business-news/2021/08/12/demand-for-gloves-to-stay-strong

Posted by CITADEL > 2021-08-12 10:15 |

Post removed.Why?

Posted by Extraordinary88 > 2021-08-12 10:18 | Report Abuse

Now retailers banging at glove door to enter
Soon one or two fund may see a money to made.
No fund will angry at Money
Only a mentally retard that hate money soo much still shorting
Everybody will join in and lu
That how MARKET work
NO ONE WILL HATES MONEY

Posted by Youngkid > 2021-08-12 10:20 | Report Abuse

Lai leow!

Posted by glovefinish > 2021-08-12 10:20 |

Post removed.Why?

Posted by Extraordinary88 > 2021-08-12 10:24 | Report Abuse

It wont 2.5 onlylah
Its more then that

Posted by Rockers > 2021-08-12 10:24 | Report Abuse

Buy quick ,TP Rm 4

Posted by imvu > 2021-08-12 10:25 | Report Abuse

TP Jutawan

Posted by Stealth > 2021-08-12 10:25 |

Post removed.Why?

Posted by Goldberg > 2021-08-12 10:30 | Report Abuse

SUPERMX - Potential oversold rebound amid a resurgence in Covid-19 cases worldwide
--------------------------------------------------------------------
Author: HLInvest | Publish date: Wed, 11 Aug 2021

Being one of the leading rubber glove producers in Malaysia, SUPERMX has 12 factories manufacturing various types of nitrile latex and natural rubber gloves, which are exported to over 165 countries worldwide i.e. the US, EU, Middle East, Asia and South Pacific countries. The group’s current capacity stands at 26.15bn gloves per annum. Meanwhile, SUPERMX is also running the very first home-grown contact lens manufacturing company in Malaysia.

SUPERMX’s share price had tumbled 73.3% from its all-time high of RM11.60 to a low of RM3.04 before ending at RM3.09 on 9 Aug, weighed down mainly by the shift in market interest from pandemic beneficiaries to recovery stocks and correction in glove average selling price (ASP).

Currently, SUPERMX is trading at undemanding 4.2x FY22 P/E (6% and 73% discount against its peers’ average of 4.47x and 10Y average of 16.1x, respectively), coupled with the global resurgence in Covid-19 cases to spur demand for their products given the threat of exponential infections from more virulent Delta strain.

In addition, with the finding that Covid-19 (like seasonal flu) is more active during winter months, we reckon it is too early to rule out the possibility of Covid -19 case rising in key markets again (as the US, UK and EU started to relax its lockdown rules), which would inevitably increase the demand for disposable gloves and act as a cushion to the falling ASP.

Technically, SUPERMX is grossly oversold and building a sound base near RM3.00 psychological level. Any weaknesses from current prices towards key supports at RM2.94-3.00 levels provide a good opportunity to accumulate. A strong breakout above RM3.48 (50D SMA) will spur price higher to RM3.81-4.06 levels. Cut loss at RM2.84.

Source: Hong Leong Investment Bank Research - 11 Aug 2021

Posted by NatsukoMishima > 2021-08-12 10:32 | Report Abuse

Share price will be reflected by good FA eventually so nothing to worry if u buy at reasonable low price ! Welcome back super thursday !

Posted by Rockers > 2021-08-12 10:33 | Report Abuse

Bottom up stock

Posted by tah16600 > 2021-08-12 10:35 | Report Abuse

Buy now if got bullets

Posted by Maridien2 > 2021-08-12 10:35 | Report Abuse

Congrats to those who believe and bought at low price

Posted by CITADEL > 2021-08-12 10:37 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-08-12 10:38 | Report Abuse

UPTREND

Posted by Benhobenhobenho > 2021-08-12 10:41 | Report Abuse

Super Thursday back again

Posted by pjseow > 2021-08-12 10:50 | Report Abuse

Demand for gloves to stay strong
----------------------------------
https://www.thestar.com.my/business/business-news/2021/08/12/demand-for-gloves-to-stay-strong

Posted by Maridien2 > 2021-08-12 10:54 | Report Abuse

Pfizer's Covid vaccine is only 42% effective against Indian 'Delta' variant while Moderna's jab is 76% effective, Mayo Clinic study suggests.

The two most commonly used COVID-19 vaccines in the U.S. may not be as effective against the Indian 'Delta' variant, a new study finds.

Pfizer's vaccine efficacy dropped to 42% in July, with Moderna's falling down to 76%, when the Delta variant became the dominant strain.

Posted by pang72 > 2021-08-12 10:55 | Report Abuse

So, how now?
Goreng plastic and rubber kah?

Posted by pang72 > 2021-08-12 10:57 | Report Abuse

To be frank, I am very scare of covid now in mslaysia.
It can rank top 10 higher CASESE in the world for such a small country!
It is far worst till speechless

Posted by pang72 > 2021-08-12 10:59 | Report Abuse

So, test recent high 3.78!!!!

Posted by myinvestor > 2021-08-12 11:08 | Report Abuse

1 USA 37,055,916 +143,459 635,636 +614
27 Malaysia 1,320,547 +20,780 11,373 +211

USA hitting record 143k yesterday.

Posted by myinvestor > 2021-08-12 11:17 | Report Abuse

As the United States recorded its highest daily Covid cases on Sunday, a top public health official has warned that the country is failing to handle the situation.

"We should not really have ever got to the place we are," said Francis Collins, Director of the National Institutes of Health, on a local news show. "In that regard, yes, we are failing."



https://www.wionews.com/world/experts-say-us-is-failing-to-control-covid-fauci-warns-against-worse-variant-404096

US n UK failing badly to end of pandemics in 2021. It seem they are back to square one after 6 months.

Posted by Extraordinary88 > 2021-08-12 11:19 | Report Abuse

.UNSTOPPABLE

Posted by Extraordinary88 > 2021-08-12 11:20 | Report Abuse

Citadel should have happy face end of the week
Stay safe

Posted by pang72 > 2021-08-12 11:21 | Report Abuse

Lai liao---------> WO!!!!

Posted by ooi8888 > 2021-08-12 11:24 | Report Abuse

hoseh liao, ah pang gor mari ong mari...

Posted by pang72 > 2021-08-12 11:26 | Report Abuse

I need cheetah to hedge my fund in this Celaka investment environment.....
As long as this gomen exist, I need to caution because they did the world record of lock down for 2 years and covid shot up to top 10 in the world...

Posted by Benhobenhobenho > 2021-08-12 11:27 | Report Abuse

We all are living in a dangerous world, so much uncertainty n sickness.