The Supermx s Prospects section.also.never use the words OFF THE.CLIFF . Why the Star Author invented.such words. He learned from the shorties like MMM who use words like massacre ,bloodshed which sound like end of the world . The NST report is less sensational and more accurate .
Agree with pjseow and Stealth. These hired goons by the shortists all have the drama queens or kings quality, ppl who are good at extreme violent verbal portrayal of fear and horror. The shortists are willing to pay good money for their fearmongering skills. Just by their one sided reporting or narratives, one can easily spot them.
Short sellers today shorted over a million lots of Kossan. That resulted in Kossan not able to gain much and because of that it in a way resulted in pulling down the gain of other gloves counters.
@rr88 In Air Asia forum yesterday you say Covid will never go away. Sell. And here you say covid virus will dissappear so sell also. I'm confused. Buy what then? All your comments advise people to sell, everything. Put FD ?
US new cases hit above 190k. KUALA LUMPUR, August 25 — The World Health Organization (WHO) today recommended that Malaysia properly study the risks before lifting any Covid-19 restrictions amid soaring infections.
Dr Takeshi Kasai, WHO regional director for the Western Pacific Region (WPR), said that vaccines alone will not put an end to the Covid-19 epidemic in Malaysia, and that the country should also implement effective intervention measures to control the outbreak.
“It’s actually up to countries to carefully assess and weigh the risk, the effectiveness of the intervention, and its social acceptance and its negative impacts. The very important point for the Covid-19 response is not to rely on just one measure, but to make it as a combination,” Dr Kasai mentioned today during WHO’s virtual press conference on Covid-19 in WPR.
“The vaccine is a good example. Vaccines alone cannot put Covid-19 under control, but together with public health and social measures, we can suppress Covid-19.”
Dr Kasai noted that strong Covid-19 intervention measures should be taken when a country’s ability to accommodate critical patients exceeds the actual capacity of intensive care units.
“When the number of critical cases exceed ICU capacity or expected to exceed ICU capacity, that’s the time we really have to take strong measures so that we can protect health care workers and health services.”
On August 23, the ICU bed occupancy rate reached more than 100 per cent in six states in Malaysia: Sabah (132 per cent), Kedah (132 per cent), Kelantan (109 per cent), Perak (106 per cent), Penang (103 per cent) and Johor (100 per cent), amid the unrelenting epidemic in these states.
Local IBs , FMs are eating dedak , hence simply write. They should actually jump from the cliff . What goes up must come down , inversely the more you press down the more it will rebound with great pressure once conditions are ripe. No one can control the market for long. Use your own wisdom to weigh and not let anyone influence you.
As I said many times before , new players in glove industry will pray hard the ASP will not fall drastically. Why invested so much of money earn peanut ? Furthermore , dropping asp will kill off all the new players .
It's been a long while since I visited this forum. Looks like those annoying paid trolls are still very much active here trying to bash down Supermax.
Supermax has recorded EPS of 149 sen for FY2021. Consensus is that the EPS will be around 50 to 60 sen post pandemic, expected to be in 2023, with two key assumptions, ie capacity of 48bil and ASP of US30/1000.
The only unpredictable variable is the PE ratio, which is based on sentiments, ie investor emotions. At conservative EPS of 50 sen, PE of 5 will only value the share price at RM2.50, whereas a PE of 20 will be RM10. As @pjseow already reasoned in his excellent post, what would be a reasonable PE for such a growth stock? Will the market continue to be overly bearish on gloves sector to give it a PE of less than 10, even when the pandemic is over. Historically, a PE of less than 10 is for sunset industry, without any growth. Are gloves becoming sunset industry by 2023? Or one that will continue to grow at 10% to 15% yearly. By the way, did I mention about the billions in cash that the top 4 gloves makers have at thier disposal for further expansion.
Father time will tell. Meanwhile, let us all enjoy the dividend while we wait.
Peace out to all the genuine investors of Supermax.
Should ASP drops below USD40, all new players would close shops and sell their biz cheaply to the big 4 who would be happily to take over their brand new factories.
Portable MORGUES are sent to Florida as state's record-breaking 212 daily deaths and 21,534 daily cases on average this week sees crematoriums and hospital morgues at capacity
Portable morgues have been sent to 14 hospital systems in Central Florida as hospitals and crematoriums hit capacity due to a surge in the Delta variant
There are more than 16,700 people hospitalized in Florida and 36 per cent have the virus. In addition, 55 per cent of those are in the ICU
In the past seven days there have been an average of 21,534 new cases and 212 reported deaths, compared to 15,818 cases and 58 deaths this time last month
Orange County Mayor Jerry Demings announced a seven-day extension of the state of emergency order at a Covid-19 update on Thursday
On Tuesday, the US recorded 135,245 new cases with a seven-day rolling average of 151,005 - a 145 per cent increase from four weeks ago
Half of kids in a California classroom tested positive for Covid after unmasked and unvaccinated teacher came into school while symptomatic with the Indian 'Delta' variant, CDC report finds
A schoolteacher in Marin County, California, started feeling COVID-19 symptoms on May 19, but continued to work for two days before testing positive
The teacher - who was unvaccinated - read aloud unmasked to the class during this time despite requirements by the school to be masked indoors
Following the teacher's test result, 12 of 24 children in the class tested positive, including all five students who sat in the front row
In a nearby grade, six of 18 kids also were confirmed to be infected with COVID-19, as well as siblings and parents of pupils in the two grades
CDC authors say the findings show how infectious the Indian 'Delta' variant is and recommend that teachers be vaccinated to prevent outbreaks
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Stealth
577 posts
Posted by Stealth > 2021-08-27 16:48 | Report Abuse
pjseow, thats when i learnt bout the 3 green soldiers. Never knew it before!! Haha