Posted by MoneyMakers > 2021-09-12 14:23 | Report Abuse

KUALA LUMPUR (Sept 12): A total of 17Mil individuals or 72.7 per cent of the country's adult population have completed their COVID-19 vaccination

Posted by MoneyMakers > 2021-09-12 14:23 | Report Abuse

Soon can challenge UK vacc rate @ 80% full vacc..can clearly see them doing great

Posted by MoneyMakers > 2021-09-12 14:23 | Report Abuse

Vacc wont prevent infection but very2 strong protection against hosp/severe illness/death

CDC data suggests that more than 99.99% of fully vaccinated people have not had a breakthrough case of Covid-19 resulting in hospitalization or death.

Posted by MoneyMakers > 2021-09-12 14:24 | Report Abuse

Game over soon 4 gloves..bad FA fundamentals + bad sentiment (hopefully MY cases dropping)

Posted by MoneyMakers > 2021-09-12 14:27 | Report Abuse

Lai lai target 1.5 year end looking good

Posted by ToneeFa > 2021-09-12 14:34 | Report Abuse

@joyvest that's why I say OBM need not necessarily gain upper edge given the stiff competition and faced with the same high quality of products produced by their competitors who are non-OBM ,their competitors are in the better position with greater flexibility to maneuver ASP adjustment in accordance with the market condition.
12/09/2021 1:41 PM

Hey joyvest, actually OBM setup is similar to developer-contractor companies in Msia. OEM is like just being a construction firm, and they look for contracts with developers, earning ard 15% margin in good time. OBM is like a developer with its own construction arm. Developers make ard 25% margin as they take more risk and deal with added value products. So normally a developer-construction company can earn ard a combined 40% margin from a project. But in bad times, most construction firms will suffer and have hard time. But a developer-construction company will survive better as the can play around with the combined higher margin and can adapt faster to the changing environment. So an OBM setup can adapt faster with pricing in order to win a lucrative contract. Going forward, part of the challenge is to ensure utilization rate is kept at high levels to maintain a good profit level.

Posted by ToneeFa > 2021-09-12 14:39 | Report Abuse

With UK and US so anti China on trade issues, China glovemakers will face huge challenge to gain any glove supply contracts. And with TG ban lifted by US CBP, that should immediately clear the image of Msian glovemakers in general. If US taiko said no more issues with Msian gloves, all the developed nations gov't will take same position.

Posted by ToneeFa > 2021-09-12 14:44 | Report Abuse

@MoneyMakers KUALA LUMPUR (Sept 12): A total of 17Mil individuals or 72.7 per cent of the country's adult population have completed their COVID-19 vaccination
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https://www.thesundaily.my/home/592-covid-19-deaths-place-malaysia-as-world-s-no-4-country-in-daily-fatalities-NB8322294

592 Covid-19 deaths place Malaysia as world’s No. 4 country in daily fatalities

Posted by myinvestor > 2021-09-12 14:46 | Report Abuse

The World Health Organisation (WHO) has expressed doubts over the vaccine’s potential to end the pandemic.


https://intra.ie/2021/09/10/who-expresses-doubts-about-vaccines-ending-the-pandemic/

Posted by Boston > 2021-09-12 14:56 | Report Abuse

I supposed this group only want to hear good news. Slightly bearish or different views will be block. Sad.

Posted by Start_0f_the_bull > 2021-09-12 14:57 | Report Abuse

MoneyMakers Game over soon 4 gloves..bad FA fundamentals + bad sentiment (hopefully MY cases dropping)
12/09/2021 2:24 PM

What were you smoking last night?
Escalating covid-19 cases in Malaysia didn't help to push up gloves share price. Cases dropping will help to press down the share price instead?
Now the story in town is about ASP and expansion of gloves makers in China, not covid-19 cases anymore.

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Posted by Start_0f_the_bull > 2021-09-12 15:14 | Report Abuse

MoneyMakers StartOTB Share price still high @ 2.8 only b’coz MY cases still high..once MY cases drop (bad sentiment), price will drop even lower
12/09/2021 3:05 PM

This clearly shows how bias you are.
Cases drop = bad sentiment
Cases rise = not good sentiment for gloves?
(Actually everybody hopes cases drops that includes me)

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Posted by Start_0f_the_bull > 2021-09-12 15:24 | Report Abuse

Boston I supposed this group only want to hear good news. Slightly bearish or different views will be block. Sad.
12/09/2021 2:56 PM

Bearish from you can't help to push the price down.
If bullish view from you also can't push the price up.
What do you lose to be sad about? If you feel sad to be blocked why are you still appearing here? You don't gain anything or lose anything. Correct?

Posted by Start_0f_the_bull > 2021-09-12 15:32 | Report Abuse

MoneyMakers StartOTB U meed to understand theory of relativity/perspective

Ur perspective feel case numbers never push up price b’coz u bought higher

Different perspective, share price maintain this high only b’coz MY cases still high (good sentiment) which may soon change
12/09/2021 3:21 PM
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When Supermax was RM6 covid-19 cases was much lower than today.
I suggest you stop the covid-19 low/high argument from now.

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Posted by ToneeFa > 2021-09-12 15:50 |

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Posted by Start_0f_the_bull > 2021-09-12 15:53 | Report Abuse

I heard the government has proposed shopkeepers to provide customers with a pair of glove in their shops, to be thrown away after used.

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Posted by pjseow > 2021-09-12 17:47 | Report Abuse

Supermx Actual and Projected Earnings

FY2019 Actual (12 months prepandemic)

PAT 124 millions
ASP US 20
Nett Margin 8.3 %


FY2020 Actual ( 8 months prepandemic and 4 months during pandemic )

PAT 526 millions
ASP US 25
Nett Margin 25 %

FY 2021 Actual ( 12 Months pandemic )

PAT 3880 m inclusive of 75 m donation
ASP US 77.5
Nett.Margin 54.2 %

FY 2023 Projected Stabilised Period

PAT 1056 millions
ASP US 30
Nett Margin 27.5 %

based on 36 billions capacity

Will Supermx drop to.pre pandemic price based on FY 2023 projected PAT by IBs ?

Posted by kbtsyl68 > 2021-09-12 17:54 | Report Abuse

I am thankful to the shorties for borrowing shares from the fund and sell them in order to help me to buy at lower price. Hope You can borrow more and sell more until the price reach RM 0.65.
Please dont stop what you are doing.
But i am very sorry for those holding short term as this cause you to lose money.

Posted by Beetles > 2021-09-12 18:03 | Report Abuse

Kbtsyl68, I think all the boss will hoot it if they continue sell down. They will be more happy to collect back all the floating share at cheap price.

Posted by kbtsyl68 > 2021-09-12 18:04 | Report Abuse

@Pjseow
Currently based on my observations, the big four glove players will depress the ASP to a level to discourage new players from entering this industry. On the other hand with the cash in hand , they will keep on building new plant to increase the volume of production to compensate for the reduce in ASP. Going forward the ASP in not a dertermine factor. The volume of production and cost of production will determine the profitability of the Glove player.
In china the cost of production is higher as electricity cost is high compare with malaysia. In additions most Glove producer is going for solar electricity which is free in the long run. The government also give good reinvestment capital for installation of solar energy and production with green energy will make malaysia glove producer a preferred supplier in Europe country.
In China the solar energy is not as efficient compare with Malaysia because they have 4 seasons.
I believe profit will be affected 10%-20% in two quarters and will be back to the existing reported profit of RM 1 billion per quarter after all the new plant is in full swing.

Just my two cents for investors holding for more than 12 months

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Posted by pjseow > 2021-09-12 20:56 | Report Abuse

kbtsyl168, agreed with you. The big4 will aggresively defend the market share by lowering the ASPs since they have the good margins. The other intention is to deter.new comers from.coming in . I believe Malaysia has the competitive advantages compared with the Chinese glove makers. Malaysia has
1. lower cost of natural gas which contribute 15 % of the total cost
2. lower electricity cost. In fact supermx had already started the solar project
3. The big 4 can expand their capacities without borrowings. The many billions made will be able to fund big expansions which China glove makers need to borrow. Hence their cost will be higher.
4. Malaysia has better glove supply chain and eco system becauce of world leading positions in the last 20 years. We have economy of scale which China does not have.
The aggressive ASP reductions by the big 4 serve as a warning to new Chinese players. Once these new players are slaughtered , the ASP will rise gradually again.

Posted by Start_0f_the_bull > 2021-09-12 21:11 | Report Abuse

rchi These are facts.Only the blind can ignore these facts.Billions so what?Trillions so what?Market is forward looking.So simple also dunno.

MoneyMakers > Sep 12, 2021 7:30 PM | Report Abuse

Friday Mercator drop 5.5% break new low..IntCo drop 2.5% break new low

Mercator drop 750-170 (77% drop from peak)

Supermx drop 12-2.85 (76% drop from peak)

IntCo drop 300-95 (69% drop from peak)
12/09/2021 7:37 PM
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Oh, really that simple wise man?
Can tell me what is your forward looking price? See few weeks later your TP can match the market price or not?
12/09/2021 9:09 PM

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Posted by oldbeginner > 2021-09-12 22:51 | Report Abuse

Moneymakers , good . Asp drop will kill all new players and the 4 horsemen will rise higher . Lol

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Posted by Beetles > 2021-09-13 00:04 | Report Abuse

Moneymakers, may I know why u persistently cursing glove counter to going down. I believe glove counter must be doing a big harm to you, else you will not day and night cursing glove price to going down.
Or u r getting pay to do this.

Posted by iamnotinvestor > 2021-09-13 07:04 | Report Abuse

We should thanks these doggies n shorties for their good job done. Otherwise we won't be able to buy their tickets cheap. Bear in mind that the tickets availability in the open market is now very limited. Will be extremely hard for shorties to close their short sell if all of us long term genuine investors don't sell. Outlook for gloves is bright and will continue to grow at a CAGR of @15% for decade to come. Just buy cheap and keep to collect windfall dividend and at the same time teach a lesson to all the shorties.