I have been a Glove pessimist since early this year but I think the selling is overdone due to persistent RSS. Market currently ignoring the cash pile that Supermax is sitting on, has no debt, profitable few quarters ahead.
Every stock has its value, otherwise it will be quoted as 0.5c in KLSE. Selling pressure is very strong for glove counters now. The problem is when and at what price the selldown will stops.
Small rebound, no rebound, sideway for 2 years and whatnot is not the problem as long the return from investment is better than putting money in FD. Moreover, is it not many people are still happy to put their money in FD?
StartOTbull. U says that bcoz u belong to the old school. U fail to see what the new generation of fund managers see. Brent oil good but o&g counters not performing. CPO historical high but oil palm stocks stagnant. What used to work in the past no longer work now.
Glovers blaming rss in their cave group, writing more essay, stating how comfort is selling nta value. The problem is in future, they have more competition, asp drop kaokao
Inari is just a subcon house depending solely on its customer Broadcom. Inari do not have its own product. Inari was " created " by Avago in 2005 . Broadcom can "" create"" another second source subcon if they want. Broadcom or former Avago is the the one which has the state of the art products not inari. The number one product Fbar filter has been built by Globetronics subsidiary before. ---------------------------- investmalaysia7777 LOL, you know how big is 5G market? does inari got more competitors coming in like what happened in gloves? 21/09/2021 9:31 AM
Munfatt : shared your feelings. Unbelievable Supermax drop to current price { 2.37 } despite sterling records. Shorties using IDSS is killing the golve makers. Borrowing costs and paying interest is nothing compared to their killings. Selling pressure and unfavourable IB's reviews contributed to all the bad perceptions
Prepare to hold long term if you buy (I am). it is a long game (could be few years). U never know how low they will press down the price, there are no rules for those bustard shorties. If u are buying because u think price is at the bottom then think again, bottom price is in those bustard shorties head, you can never beat them, I found out the hard way.
I suspect shorties drawing up evil plan now to trap those loyal supporters who will get their dividend on 30 Sep. Those bustard shorties sure know loyal supporters will average down by dumping their dividends into supermax in Oct. I don't care trap or not, I will buy more after get my dividend, no way back for me.
Malaysia is worst performing market in the world but allow RSS to make retailers poor instead of the other way around. Retailers poor how to improve Malaysia economy. Really brainless government.
With money, whatever business also can be created. Depends on large corporations want to do it or not. The issue not many companies will create another Inari, Frontken, UWC or Greatech. But many companies are creating another Supermax. Even governments want to build glove factories.
---------------------------- pjseow Inari is just a subcon house depending solely on its customer Broadcom. Inari do not have its own product. Inari was " created " by Avago in 2005 . Broadcom can "" create"" another second source subcon if they want. Broadcom or former Avago is the the one which has the state of the art products not inari. The number one product Fbar filter has been built by Globetronics subsidiary before. ---------------------------- investmalaysia7777 LOL, you know how big is 5G market? does inari got more competitors coming in like what happened in gloves?
Datuk Syed Zaid Albar, Chairman of the SC said, “Malaysia is now at a critical juncture in our post-pandemic journey. It is imperative for the capital market to continue to support the economy as we transition into an inclusive and sustainable nation. The progress in the capital market cannot be measured solely by growth and size, as it also has to serve the underlying needs and aspirations of the country and its people.”
SC head is joker, the growth of capital market is not solely based on market size. That's why the klci index is stagnant and it never grow.
moneymakers don't worry about poor retailers u heartless bustard. I will keep on buying until the day price is zero. Please help to press down price ya, thanks in advance.
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....
Start_0f_the_bull
7,998 posts
Posted by Start_0f_the_bull > 2021-09-21 19:21 | Report Abuse
It is getting closer and closer to the bottom. Hopefully it will reach there very soon to kick out most of the contra players.