Posted by MoneyMakers > 2021-09-10 16:33 |

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Posted by ToneeFa > 2021-09-10 16:40 |

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Posted by niet > 2021-09-10 16:41 | Report Abuse

Now waiting at 2.82

Posted by ToneeFa > 2021-09-10 16:43 |

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Posted by niet > 2021-09-10 16:43 | Report Abuse

Larn, must ask Bursa next time they have open day I will there asking this.

Posted by MoneyMakers > 2021-09-10 16:49 |

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Posted by Jason85 > 2021-09-10 16:49 | Report Abuse

Lelong sales now, faster grab before it gone

Posted by ToneeFa > 2021-09-10 16:50 |

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Posted by niet > 2021-09-10 16:53 | Report Abuse

Now not buying. Short seller mah

Posted by ToneeFa > 2021-09-10 16:53 | Report Abuse

Crazy TG RSS , 25% of total volume with 60mil value. Shorties getting very desperate.

Posted by niet > 2021-09-10 16:54 | Report Abuse

Do not buy uptick.

Posted by MoneyMakers > 2021-09-10 16:56 |

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Posted by MoneyMakers > 2021-09-10 16:58 |

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Posted by niet > 2021-09-10 17:00 | Report Abuse

Good not many bought on uptick.

Posted by myinvestor > 2021-09-10 17:08 | Report Abuse

Just wait AMC continues squeeze citadel shorties tonight. Yesterday 48.55.

Posted by Start_0f_the_bull > 2021-09-10 17:20 |

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Posted by rr88 > 2021-09-10 17:59 |

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Posted by Larn > 2021-09-10 18:03 | Report Abuse

so many breakdown bomoh in this small forum..all ask to sell your bilis holding..very funny, major shaholder must go crazy soon if hear bomoh story..

Posted by Larn > 2021-09-10 18:04 | Report Abuse

now everyone can dream supermax price 65sen...special dividen 13-15sen..joker of the day

Posted by Sunyata > 2021-09-10 18:07 | Report Abuse

These are leeches and parasites, it's how they make their money, asking u to sell

Posted by VolatileIsMyGold > 2021-09-10 18:12 | Report Abuse

so just wrench them from your leg & throw them into the fire lol

Posted by Larn > 2021-09-10 18:13 | Report Abuse

"Are purchases allowed in an RSS Trading account?

Yes, purchases are allowed in an RSS Trading account provided it is executed after the execution of any RSS of an approved securities for the following purposes:

(i) for a contra either in full or partially, the RSS trade provided an approved security executed in the RSS Account

(ii) for the return of the borrowed securities; or

(iii) for the borrowing to execute another regulated short sale of that approved securities.

Purchases shall not exceed the total amount of net short positions of the approved securities on a market day."

Posted by Larn > 2021-09-10 18:16 | Report Abuse

so today huge volume at TG is basicly shorties covering their borrowing..

Posted by Sunyata > 2021-09-10 18:28 | Report Abuse

The divident yield alone at this price is already no brainer, not to mention billion dollar making and cash rich...

Posted by niet > 2021-09-10 18:29 | Report Abuse

Top Glov 17 million shares were shortened today worth 59 million MYR . Giving average price 3.46 sen but remember they shorted nearly triple the amount compared yesterday. Next monday try to buy between 3.43 and 3,45. This is a competition between giants and ikan bilis. Buy on downtick. Do not chase shares. They still have not covered.
10/09/2021 6:20 PM

Posted by AlsvinChangan > 2021-09-10 18:51 | Report Abuse

RSS on TOPGLOVE failed today

Use so much effort NO results

Posted by Sunyata > 2021-09-10 19:14 | Report Abuse

Base on info I get from forumers, At the price now

1. Dividend return of 10% +- P. A
2. Pe 2
3. Cash rich enough to privatise
4. Billion dollar making

ASP drop? With the cash in hand what is ASP drop, u think no other business to venture into?

2.82 is no brainer.

Posted by Bullrunrun > 2021-09-10 19:45 | Report Abuse

Cash in hand RM 3.8 billion almost RM 1.40 per share
If the cash piling up no use.

May declare special dividend 50 cents soon...

BUY..

Posted by pjseow > 2021-09-10 20:01 | Report Abuse

Dont be frightened and fooled by the phrase ASP and profits are coming down and super earnings are over. Since the.markets and investors are using pre pandemic as reference point , ASPs of US 30 to 35 at stabilised state in middle of next year is still 40 to 50 % higher than the prepandemic ASP of US 22 to US 23 for Nitrile gloves. Besides , the.capacities are also 40 to 50 % higher correspondingly. These two factors combined give more than 8.5 X.earnings in FY 2023 compared with FY 2019 pre.pandemic period.
There is no drop in ASPs and no.drop in Earnings if you take pre pandemic as reference point.

From FY 2023 onwards , even the ASP remain flat.at US 30 for one or two years, there is still.growth in.earnings because of capacity expansion.. FY 2023 capacity is about 36 to 40.billions because FY 2023 starts from.middle of CY 2022.
Dont use the peak ASP and peak earning as reference .Think of it this way.. When.the ASP continue to move up from September 2020 to the peak in.middle of this year , the share prices did not move in tandem with the improved ASP and record record PATs . In fact , the share.prices.moved downwards .

We should Compare the FY 2023 dividends , nett cash, nett margins ,capacities , ASP. and PATs with pre pandemic vs FY 2023 . This will give you a better perspectives of supermx 's Growth., growth., growth and growth in every aspects.

Posted by AdCool > 2021-09-10 20:01 | Report Abuse

RSS pushed back the price from 3.75 to 3.40 before big purchased and pushed up to 3.43. they have succeeded in getting back 3.40. that s the price they want but need to spend more as they have gotten this price yesterday.


AlsvinChangan RSS on TOPGLOVE failed today

Use so much effort NO results
10/09/2021 6:51 PM

Posted by niet > 2021-09-10 20:35 | Report Abuse

Bullrunrun. This is half full news. You might be shortist who wants a gap up on Monday. So can play the game that was played today.

Posted by niet > 2021-09-10 20:38 | Report Abuse

Adcool, Topglov average short price was 3.46. The still have to cover their shorts

Posted by Sunyata > 2021-09-10 20:51 | Report Abuse

Half full news means not 1.40 per share but 2.80 per share cash in hand?

Posted by niet > 2021-09-10 21:05 | Report Abuse

Today shorted only 31800 supermx shares worth 91800 MYR. Average price 2.88. This these guys covered their shorts.

How did they do it without raising the price of supermx. They have a bank of unshorted shares?

Posted by Benhobenhobenho > 2021-09-10 21:40 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2021/09/10/who-more-doubtful-about-vaccines-ending-pandemic/

Posted by myinvestor > 2021-09-10 21:45 | Report Abuse

TG qtr result will be out 17 Sept. Bursa announcement.

Posted by Boston > 2021-09-10 22:10 |

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Posted by Biliskecil > 2021-09-10 22:11 |

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Posted by Sunyata > 2021-09-10 22:19 | Report Abuse

I don't think management don't foresee problems ahead, but with the cash on hand, there are gazillion things to do for expansion other than glove business.

Like how mah sing from property to gloves, gloves can venture into property so on.

Maybe people don't see this for long term plus leeches selling so price drop lo.

Posted by Sunyata > 2021-09-10 22:22 | Report Abuse

Which business not affected by covid? Cash down but shares up. Business booming by covid, cash up but price down.

Means what? Buy and keep time lo...

Posted by pjseow > 2021-09-10 22:40 | Report Abuse

Boston, it is not true that glove barrier of entry is low especially Nitrile gloves which require R&D to make quality gloves. Quality.is key and they need FDA Approval to enter North American and Europen.markets. Gloves are.also volume games. You must have economy of scale. When ASP come down to 30 to 35, the small players with less than 10 billions capacity may have very little margins or even losing money especially if they borrowed to install the capacities. The unit cost in.US and European countries will be even higher . When ASP touches US 30 , I forsee demands from.developing.countries will rise exponentially with per capita usage going up from the current average of 10 to 20 to more than 50 . Currently., per capita usage for developed countries are between 150 to 250. The world average per capita is about 50 today . With a population.of about 8 billions, the demand was about 400 billions . If the growth rate is 12 % , the demand will.double to 800 billions in 6 years using the 72 rule. The room for growth is still very big.
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Boston Pjseow. I think you’re right that asp will be stabilizing around range between 25-45….what’s worrying is supplies overwhelming demands. Even USA also building glove factories and I’m sure lots of countries also building. It’s a very low barrier to entry industry. Very cash rich company but with very low share price. That’s happening now.
10/09/2021 10:10 PM

Posted by Boston > 2021-09-10 23:00 |

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Posted by GlovesOff > 2021-09-10 23:18 |

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Posted by sharemarket21 > 2021-09-10 23:32 |

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Posted by ToneeFa > 2021-09-10 23:43 | Report Abuse

https://www.scmp.com/news/china/diplomacy/article/3146554/us-considers-extending-tariff-relief-chinese-medical-gear-used?module=perpetual_scroll&pgtype=article&campaign=3146554

The tariff exemptions on the medical goods and personal protective equipment used to fight Covid-19 are set to expire on September 30
The administration of US President Joe Biden will soon decide whether to extend tariff exemptions for Chinese-made masks, gloves and other goods needed to fight the Covid-19 pandemic, according to a notice set to be published on Friday by the US Trade Representative’s office.
“In light of these changing circumstances, including the ability of the United States to obtain certain products domestically or from other sources, USTR is requesting public comments on whether to extend particular exclusions for COVID-19 products for up to six months,” it says.
The announcement comes as Washington and Beijing continue to clash on a range of fronts, including trade policy. “USTR will evaluate each exclusion on a case-by-case basis,” the notice says.The notice says that the administration will not only look at whether the products from China are needed during the pandemic -- but also whether the tariff exclusions are helping the US achieve its broader goals related to China’s trade practices.
Biden’s top trade adviser, US Trade Representative Katherine Tai, has been vocal about what she describes as China’s “coercive and unfair trade practices”.
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This tariff against China medical products is a very important issue . If US were to reimpose the tariff it will potentially clip the wings of the China glovemakers' ability to expand further and allow the ASP to stabilize at higher levels above USD 35. This would have quite a major positive longer term implication to our glovemakers.
The question is what is the likely decision come 30 Sept dateline. Reading the above article, one will notice 3 key points:
1) the administration will not only look at whether the products from China are needed during the pandemic -- but also whether the tariff exclusions are helping the US achieve its broader goals related to China’s trade practices.
2) USTR is requesting public comments on whether to extend particular exclusions for COVID-19 products for up to six months
3) Biden’s top trade adviser, US Trade Representative Katherine Tai, has been vocal about what she describes as China’s “coercive and unfair trade practices”.

The above 3 key points seem to imply a negative outlook towards the extension of the tariff exemption. Item 1 is self explanatory. Item 2, the current public opinion on China is more negative than positive. Item 3 , Katherine Tai ( don't think she is related to Stanley, but sharing a unique surname may help in some ways) being Biden top trade advisor is rather negative about China. Its understandable as her parents are Taiwanese. [Tai was born in Connecticut and grew up in Washington, D.C., where she attended Sidwell Friends School.[5] Her parents, who were both born in mainland China,[6] grew up in Taiwan and later immigrated to the United States]
Another sign is that US has just lifted the ban on TG to allow more non-China gloves to enter US. I believe all the points above will likely lead to the re-imposition of the tariff.

Posted by ToneeFa > 2021-09-11 00:03 |

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Posted by ThePowerOfGlove > 2021-09-11 00:53 | Report Abuse

Guys, don't let kerajaan gagal #2 fool you into overconfident exuberance with current high vaccination rates, becoz the actual results in terms of cases per day have yet to be seen

Posted by ThePowerOfGlove > 2021-09-11 00:53 | Report Abuse

We don't yet know what is actually gonna happen up after opening up restrictions

Posted by ThePowerOfGlove > 2021-09-11 00:54 | Report Abuse

Going by the post-opening up experiences of highly vaccinated countries like US, UK, Israel etc., the actual results post-loosening have all been far far below excellent, if not downright scary.

Posted by ThePowerOfGlove > 2021-09-11 00:55 | Report Abuse

We should not be rushing to open up so soon, when cases are still hovering around 20k per day, for a population of only 32 million