Posted by lndependentlnvestor > 2021-09-16 21:45 | Report Abuse

People worried that Top Glove is going to go pre-pandemic levels are kidding themselves. Now, I'm not saying that Top Glove will earn RM3 billion per quarter forever, don't get me wrong.

But Top Glove has RM9 billion in free cash flow. Top Glove can just buy several profitable companies and reap profits and grow forever and ever even if ASP's normalize. Not to mention, countries are stockpiling gloves. But it has RM9 billion in cash.

It's the year 2021 and people still trust the sharks and big players? People should know now that when the hedge funds say RUN, it is time for you to prepare cash to BUY. When the hedge funds say BUY, it is time for you to prepare your SELL order. IT'S 2021 and this is still a mystery to all you jokers? Is it a mystery that banks and hedge fund LIE all the time so they can buy and sell as they wish?

Posted by imvu > 2021-09-16 21:52 | Report Abuse

besok rebound hijau .

Posted by NatsukoMishima > 2021-09-16 22:00 | Report Abuse

@ToneeFa I m not saying all IBs do it, but the participating ones should look to self control and don't over exploit the victims who are alrdy hard hit by the pandemic. Have some mercy, and don't go for the total kill, just bcos u can do it.

Ha ha ha ! Nowsday where got mercy , even own family members also cheat their father's or brother's money for own benefits !

Posted by MoneyMakers > 2021-09-16 22:02 |

Post removed.Why?

Posted by MoneyMakers > 2021-09-16 22:02 | Report Abuse

Supermx also sure have technical rebound..only question whether rebound from 2.5 or 2.2

Even if rebound 10% from 2.5 to 2.75, will u take that exit?? Or miss exit again & watch it drop to 2.0

Posted by sharemarket21 > 2021-09-16 22:06 | Report Abuse

Finally this room is back to compliant. Room scammer took your winnings already. Removed rampantly and selectively. Mission accomplished. Crooked operator.

Posted by sharemarket21 > 2021-09-16 22:10 | Report Abuse

I still think it's call warrant issuers affecting the share price. Hah..

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

Post removed.Why?

Posted by kbtsyl68 > 2021-09-16 22:22 | Report Abuse

I have a friend from US and he is sourcing glove for his clients in US. This is the information i obtained from him.
1. Currently they are buying at USD 45 per 1000. Pre pandemic the price is about USD 20-25 per 1000. In additions he said the price will stay around USD 40-45 for nitrile glove as the cost of manufacturing has increased compare with prepandemic.
2. Their customer will usually give six months order in advance after agree on the price when placing the order due to the manufacturing schedule of the glove manufacturer.
3. I did ask him why he didnt buy from china as the cost is lower. He explained to me that Malaysia is producing the best nitrile glove in the world and it is not easy to manufacture a competitive high quality glove accepted by US and Europe. The workers needs years of experience in the inspection skills to select the glove that pass the QC tests after manufacturing. Last month their company has rejected two containers from small manufacturer in malaysia due to quality issue.
This explanation to certain extent alleviate the fear of competition from china and i believe most glove manufacturer are producing for china market.

Let see tomorrow Top Glove QR and we will able to gauge the direction of Glove company direction.

Posted by sharemarket21 > 2021-09-16 22:58 | Report Abuse

Let’s see if the room operator scammers have been picked up by IA or management. Own house rules violation.

Posted by ThePowerOfGlove > 2021-09-16 23:03 | Report Abuse

shorters losing power

Posted by ThePowerOfGlove > 2021-09-16 23:03 | Report Abuse

shorters running out of gas

Posted by ThePowerOfGlove > 2021-09-16 23:04 | Report Abuse

shorters better quit hawking desperate old basi tak laku windfart tax tale

Posted by ThePowerOfGlove > 2021-09-16 23:05 | Report Abuse

why nobody complaining when penang ketua perompak became finance minister from 2018 to 2020

Posted by ThePowerOfGlove > 2021-09-16 23:05 | Report Abuse

why nobody complaining when previous ag (good friend of penang ketua perompak) dropped rasuah charges against penang ketua perompak who became new menteri kewangan in 2018

Posted by DickyMe > 2021-09-16 23:12 | Report Abuse

Because itu cerita dongeng. Kakakakaka

Posted by MoneyMakers > 2021-09-16 23:12 | Report Abuse

1. When ASP up b’coz cost up, still results in prepandemic profits = prepandemic share price (65sen)
2. Glove lead time now less than 30days @ prepandemic level
3. China companies like IntCo/Blue Sail arent cincai company..both well established public listed companies

Posted by MoneyMakers > 2021-09-16 23:12 | Report Abuse

Depend on TG results, current batch baghodlers may be LAST batch baghodlers

Last hot potato..last frog in the pot..last chair when music stops

Posted by Habisgl0v3333 > 2021-09-16 23:26 | Report Abuse

Yes, last chair when music stop.. sad to see

Posted by ToneeFa > 2021-09-16 23:30 |

Post removed.Why?

Posted by GlovesOff > 2021-09-17 00:16 | Report Abuse

Tony, as much as I sympathise w you, and respect you as a sparring partner, alarm bells were ringing back from 5-6xx . This is the FA /divy trap to lure you in , don't blame the players blame the game .
My unanswered Qs (by pjseow) until today. There are no such headwinds in the PAST, namely,
1. Huge retailer holdings in gloves (speculation)
2. Crosshairs of JPM/Sharks
3. New players, sharing of the pie
4. C-H-I-N-A (coming from Kuan)
5. ESG spotlight
6. Glut, price war
7. Incompetent Gov, no backing (macro issues)
8. Possible windfall/donation etc

I constantly shared amt of funds are seriously throwing you all paper the crack over RSS. I don't get it, you can enter but why NO exit Strategy, why don't pick up low like sharks, why keep averaging down, it's the anonymity & element of surprise which propelled them last March 2020, do not fall in love w FA (bosses no more sbb?) protect capital.

I dont see other blue chips complaining of rss? Like I said I sympathise & admit rss are targeting gloves(weak R holdings), my qs to you, why fight them??? See how bbets ended ... see how tslwc burnt he's $7 avg holdings ...

Ok back to bantering mode

Posted by GlovesOff > 2021-09-17 00:20 | Report Abuse

Want to flag or delete cincai la . Pjseow want to write cagr , pe , eps bla bla bla write la ... sit back enjoy tomorrow's greatest show ... *drumrolls*

Posted by ThePowerOfGlove > 2021-09-17 00:22 | Report Abuse

shorting gang losing power

Posted by ThePowerOfGlove > 2021-09-17 00:22 | Report Abuse

shorting gang running out of gas

Posted by ThePowerOfGlove > 2021-09-17 00:23 | Report Abuse

shorting gang running out of desperate scare stories

Posted by ThePowerOfGlove > 2021-09-17 00:23 | Report Abuse

shorting gang now back to having to resort to desperate old stale tak laku windfart tax tale

Posted by ThePowerOfGlove > 2021-09-17 00:24 | Report Abuse

shorting gang gonna get a great big painful arrse whupping soon

Posted by GlovesOff > 2021-09-17 00:26 | Report Abuse

Tony, my parting gift to you, the forces are strong, this will always be gloves achilles heel

https://news.mediabox.pk/2021/09/13/debt-bondage-payouts-flow-to-workers-in-malaysias-glove-industry-the-diplomat/

Posted by GlovesOff > 2021-09-17 00:36 | Report Abuse

Go scroll back my last EXIT warning when cases spiked to 20k and factories closure (as it reflects in coming Q) ... yet R ask why drop so much NOW, err Hello? Always be nimble and reactivate lo... really mou tak gao

Posted by GlovesOff > 2021-09-17 00:55 | Report Abuse

https://focusmalaysia.my/proposed-eu-ban-on-products-made-by-forced-labour-may-impact-malaysia/

Posted by Bullrunrun > 2021-09-17 02:01 | Report Abuse

Tomorrow limit up...

Posted by Habisgl0v3333 > 2021-09-17 08:40 | Report Abuse

Supermx cost double since 2020, why? Because obm got the most costing, that's why supermx down so much.

Posted by myinvestor > 2021-09-17 08:50 | Report Abuse

Global Nitrile Gloves Market to Reach $57.1 Billion by 2026

The U.S. Market is Estimated at $11.4 Billion in 2021, While China is Forecast to Reach $13.6 Billion by 2026
The Nitrile Gloves market in the U.S. is estimated at US$11.4 Billion in the year 2021. The country currently accounts for a 33.58% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$13.6 Billion in the year 2026 trailing a CAGR of 29.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 22.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.2% CAGR while Rest of European market (as defined in the study) will reach US$14.8 Billion by the close of the analysis period.


https://forbesalert.com/news/finance/banking/global-nitrile-gloves-market-to-reach-57-1-billion-by-2026/

The china gloves companies expansion are mainly cater for local use. The gloves usage in china will grow to US 13.6b in year 2026 about 31% of world market.

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

Thanks myinvestor, the analysts from forbes provide good insights and neutral, unlike our analysts paid by IB..

Posted by Larn > 2021-09-17 09:11 | Report Abuse

TOP NET SHORT POSITION AS AT 15 SEP 2021

SUPERMX 75,187,861 (2.76%)

TOPGLOV 221,154,792 (2.69%)

KOSSAN 47,373,685 (1.85%)

JAKS 32,294,700 (1.58%)

HARTA 47,623,856 (1.39%)

POS 9,545,900 (1.22%)

GOLDETF 299,000 (1.20%)

MAXIS 72,388,817 (0.92%)

Posted by Larn > 2021-09-17 09:13 | Report Abuse

can see how RSS create price breakdown everyday..

Posted by ToneeFa > 2021-09-17 09:22 | Report Abuse

Yup Larn , let them keep selling their short shares, while all retailers hang on to their tickets. At this rock bottom price, no point to CL. Just keep for the dividend and hope for a positive change ahead.

Posted by Larn > 2021-09-17 09:25 | Report Abuse

yes correct..we stay sideline until good entry point..let shorties goreng downside..

Posted by MoneyMakers > 2021-09-17 09:27 | Report Abuse

Looks like another ‘morning goreng fail followed by afternoon selloff’ day

Posted by ToneeFa > 2021-09-17 09:28 | Report Abuse

@GlovesOff Tony, my parting gift to you, the forces are strong, this will always be gloves achilles heel

https://news.mediabox.pk/2021/09/13/debt-bondage-payouts-flow-to-worke...
17/09/2021 12:26 AM

Thanks GO for ur parting gift. So, goodbye?
With TG ban uplifted, that will send a clear msg to EU Msia glovemakers have fully complied with US ESG standards. Now will be the tech turn to face the ban next....

Posted by GlovesOff > 2021-09-17 09:30 | Report Abuse

parting as in gloves evaporate la

why you worried ka portfolio ok?
*************
Thanks GO for ur parting gift. So, goodbye?

Posted by GlovesOff > 2021-09-17 09:33 | Report Abuse

congrats TG on uplift now spotlight on spmx ..

you never read article ah so many mention of supermx haha
************
https://news.mediabox.pk/2021/09/13/debt-bondage-payouts-flow-to-worke

Posted by Habisgl0v3333 > 2021-09-17 09:34 | Report Abuse

Rebound will always be smaller, itu lah downtrend

Posted by Habisgl0v3333 > 2021-09-17 09:35 | Report Abuse

Can recommend aax, rebound play

Posted by Habisgl0v3333 > 2021-09-17 09:35 | Report Abuse

Recovery play will always be better than glovr

Posted by myinvestor > 2021-09-17 09:37 | Report Abuse

More good news coming
TG cbp lifted Sep 13
RSS ban coming soon?
UK NHS contract until 2022 option to extend to 2 years
UK 6b tender contract award?
US tariff on China gloves 30/9?
TG qtr result PAT >2b?

Posted by munfatt2000 > 2021-09-17 09:40 | Report Abuse

supermax good record - profit for 20yrs

supermax Jun 21 - NTA RM 1.82
cash on hand RM 1.40
EPS FY 2021 RM 1.46
DPS FY 2021 RM 0.3180

Now trade at RM 2.60 - lelong price

As at 14th Sep 21 Short position 75Mil share

Shorties short 1.2Mil share 15th Sep and also bought back 1.2Mil

As at 15th Sep short position maintain at 75Mil share

if you do not sell at this lelong price, shorties cannot cover back 75mil

Let shorties buy at much higher price

now shorties want to collect cheap share from retailer

so ask some ppl say bad without basis to scare retailer



Supermax Corporation - FY21 Inline With Expectations
Date: 27/08/2021

Source : KENANGA
Stock : SUPERMX Price Target : 5.00 | Price Call : BUY
Last Price : 2.73 | Upside/Downside : +2.27 (83.15%)

Posted by GlovesOff > 2021-09-17 09:40 | Report Abuse

LOL good news since $12
*********
myinvestor More good news coming

Posted by Habisgl0v3333 > 2021-09-17 09:45 | Report Abuse

Good news is only good when no competitor is around

Posted by Habisgl0v3333 > 2021-09-17 09:46 | Report Abuse

Now even property company doing glove asp will keep going down, even 2b tg profit cannot save the price from going down cause next next qtr will be 1b then next next next will be 600m