Posted by Stealth > 2021-09-06 15:31 | Report Abuse

Yes buy now and earn nearly 5% overnight plus capital appreciation!! Can you find any other on klse?

Posted by niet > 2021-09-06 15:31 | Report Abuse

SS volume so far today 465900 shares worth 1,457 million.

Posted by Stealth > 2021-09-06 15:38 | Report Abuse

They have to cover their shorts within 2 days or waste their bullets.In fact they'll be scrambling to cover their shorts by wednesday!!

Posted by Citadel9999 > 2021-09-06 15:39 |

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Posted by Stealth > 2021-09-06 15:42 | Report Abuse

i know youre more stupeed than a donkey!!!

Posted by Citadel9999 > 2021-09-06 15:43 |

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Posted by ToneeFa > 2021-09-06 15:46 | Report Abuse

@Stealth They have to cover their shorts within 2 days or waste their bullets.In fact they'll be scrambling to cover their shorts by wednesday!!
06/09/2021 3:38 PM

Not necessary, they will need to cough up RM 10 mil to cover the 15sen dividend base on 2.6% of their short position. Sub Sub sui for them , since they are sitting on a huge paper gain.

Posted by Citadel9999 > 2021-09-06 15:51 |

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Posted by Stealth > 2021-09-06 15:52 | Report Abuse

i suppose so tonee!

Posted by Stealth > 2021-09-06 15:54 | Report Abuse

We'll just have to wait for some positive news on their US expansion plan. That may be the main catalyst to trigger a rally!!

Posted by ToneeFa > 2021-09-06 15:55 |

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Posted by pjseow > 2021-09-06 15:59 | Report Abuse

Tonee , thanks . The assumption is based on.ASP coming down to US 25 which was the ASP of FY2020 . Pls note that FY 2020 comprises of 8 months non pandemic and 4 months pandemic period. The consensus stabilised ASP among glove makers , MAARGA and IBs are US 30 to 35 post pandemic. You can see that even at US25, supermx can generate about 1 b profit per year which is about 8 to 9 x of prepandemic profit. Yes. the tgt price of 7 is considered fair . In fact this was the average tgt
prices given by 6 Ibs after Q3 result was announced in.early May. They slasshed the tgt prices unreasonably by more than 50 % although everyone stated that the recent Q4 result was.within their expectations.

------------------------------
Thanks pjseow for your meticulous calculations. I have to repost your calculation proof here as reminder to all genuine SpmX investors. So base on your calculation, what it means is that at post pandemic, SpmX should be looking at PAT of RM 1b = 0.36 x PE15 = RM 5.50 min. ( not taking into account the many billions of cash in hand that can generate few hundred millions of interest profit and also the many rounds of dividends to be issued over the next few years). I believe all in we should be looking at tgt price ard 7.0 .
06/09/2021 3:09 PM

Posted by AdCool > 2021-09-06 16:04 | Report Abuse

I think should give some buffer and discount as past experience showed that Supermax may not be able to expand up to 48 billions capacity by 2023. In addition, the management can always delay the expansion if the ASP drops significantly.


pjseow Tonee , thanks . The assumption is based on.ASP coming down to US 25 which was the ASP of FY2020 . Pls note that FY 2020 comprises of 8 months non pandemic and 4 months pandemic period. The consensus stabilised ASP among glove makers , MAARGA and IBs are US 30 to 35 post pandemic. You can see that even at US25, supermx can generate about 1 b profit per year which is about 8 to 9 x of prepandemic profit. Yes. the tgt price of 7 is considered fair . In fact this was the average tgt
prices given by 6 Ibs after Q3 result was announced in.early May. They slasshed the tgt prices unreasonably by more than 50 % although everyone stated that the recent Q4 result was.within their expectations.

Posted by niet > 2021-09-06 16:11 | Report Abuse

Very difficult to close below 3.12 today.

Posted by Citadel9999 > 2021-09-06 16:12 |

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Posted by Sogbashen > 2021-09-06 16:16 |

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Posted by Citadel9999 > 2021-09-06 16:17 |

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Posted by Citadel9999 > 2021-09-06 16:18 |

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Posted by ToneeFa > 2021-09-06 16:20 |

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Posted by Sogbashen > 2021-09-06 16:21 |

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Posted by oxxxyxxx > 2021-09-06 16:21 | Report Abuse

Pjseow, can you share your view of China glove expansion, will it be oversupply ? This the most I concerned .

Posted by MoneyMakers > 2021-09-06 16:21 |

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Posted by MoneyMakers > 2021-09-06 16:22 |

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Posted by Turbo > 2021-09-06 16:30 | Report Abuse

Finance minister had mentioned, no windfall tax apply to glove.

Posted by Turbo > 2021-09-06 16:32 | Report Abuse

Good to see short selling keep going on. Left 1.36% or 370k lot quota to go.

Posted by MoneyMakers > 2021-09-06 16:37 |

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Posted by MoneyMakers > 2021-09-06 16:38 |

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Posted by Turbo > 2021-09-06 16:45 | Report Abuse

No matter what, bad news had price in, hard to press down share price currently.

Posted by myinvestor > 2021-09-06 16:45 | Report Abuse

8.0 PERIOD OF SHORT SELLING
8.1 A short selling transaction should not exceed 12 months from the trade date,
T0. The period of short selling as per Appendix I, refers to the period
between T0 and Tx.
8.2 The borrowing transaction for each covered short sale must be entered on
T0 for a borrowing period that begins not later than value T2 to at least Tx

Source: GUIDELINES ON REGULATED SHORT SELLING OF
SECURITIES IN THE WHOLESALE MONEY MARKET

Shorties are desperate to cover as some net position is nearer to 12m

Posted by Bgt 9963 > 2021-09-06 16:49 | Report Abuse

Good luck..

Posted by ToneeFa > 2021-09-06 16:53 | Report Abuse

Actually myinvestor, its hard to say bcos they can cover the earlier ones along the way as they create new ones. Most important is don't give them cheap bullets to shoot back. Should keep even after xdate and wait for the final dividend later. Don't let them easily cover their short positions at this cheap price.

Posted by niet > 2021-09-06 16:57 | Report Abuse

Wow close at 3.11. Please sell I want to buy.

Posted by ToneeFa > 2021-09-06 16:59 |

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Posted by niet > 2021-09-06 16:59 | Report Abuse

No forced selling today.

Posted by MoneyMakers > 2021-09-06 17:03 |

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Posted by MoneyMakers > 2021-09-06 17:06 |

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Posted by ToneeFa > 2021-09-06 17:07 | Report Abuse

@Turbo Good to see short selling keep going on. Left 1.36% or 370k lot quota to go.
06/09/2021 4:32 PM

Yup gotta keep track of that. Pls keep in mind the negative sentiment on glove is an illusion created by unethical manipulation by ppl with deep pockets. They have ICBM weapons but can only use tanks and bazookas due to the 4% restriction. But we poor bilis only can fight back with rifles and hand guns. But we have the numbers against their big guns. If we can work together to slowly deplete them of their arsenals, then we may stand a fighting chance. Just don't blindly hand over your bullets.

Posted by niet > 2021-09-06 17:09 | Report Abuse

SS volume and value today 619500 shares valued at 1.937 million.

Posted by Turbo > 2021-09-06 17:09 | Report Abuse

Agree ToneeFa. Don't give them cheap bullets. When their quota finished, next game stop begin.

Posted by ToneeFa > 2021-09-06 17:13 |

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Posted by niet > 2021-09-06 17:14 | Report Abuse

Percentage of short sell shares 619500/7363200*100= 8.4135%

Posted by ToneeFa > 2021-09-06 17:20 |

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Posted by ToneeFa > 2021-09-06 17:23 | Report Abuse

@niet Percentage of short sell shares 619500/7363200*100= 8.4135%
06/09/2021 5:14 PM

Yup niet, they are struggling to press the price down today. You should continue to highlight these figures everyday.

Posted by MoneyMakers > 2021-09-06 17:33 |

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Posted by risekita8 > 2021-09-06 17:44 | Report Abuse

Why la these gloves, up 1 day, down 1 week.

Covid finish meh?

Posted by ToneeFa > 2021-09-06 17:55 |

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Posted by Larn > 2021-09-06 18:25 | Report Abuse

Bear is getting weaker, indicators now all sets for BULL to take over soon..just a little bit more time for BULL time

Posted by Larn > 2021-09-06 18:28 | Report Abuse

as long as we retailers not selling off and keep accumulating..BEARS time will end soon..

Posted by Larn > 2021-09-06 18:32 | Report Abuse

Kangaroo will show before BULL...

Posted by Stealth > 2021-09-06 18:54 |

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