Last year when a company announced that it is acquiring a glove factory its share jumped. Now it could be the other way round. It is called 'wind of change'. Ha ha
dsst + the glove bosses are not traders , their cashpile is for their businesses , M&As etc all another fantasy , why they spend further/sbb , for you all to CL???
STOB, I think it is better for supermx to acquire Comfort, Careplus and Rubberex . Their total market caps are 1991 millions or about 2 b. Their total yearly earnings for the last 4 qtrs are about 1.15 b . Their total capacities plus future expansions are as big as supermx. With such acquisitions, supermx will be bigger than Harta. Supermx can also use its OBM models on these productions qty which can.improve its margins. Supermx cash is 3.78 b which is more than.enough to acquire these 3 companies.
If MM and his gangs work harder , the total market caps for these 3 companies may drop to 1 b . Then supermx 3.78 b can buy morw such companies and become as big as Topglove .
my friend a Tan Sri from Ayer Tawar Perak told me to speak out my mind here..so to those who have bought this counter way back at RM5.00 should be tying Supermax gloves end to end to make an elastic rope to be used for bungee jump of menara PNB 118 before it is open. Sekian.
Solomon7 Possible M&A in gloves biz very soon... Stay tune 23/09/2021 10:28 PM ----------------------------------------------- Merger and acquisition may not help to save gloves manufacturers. Which smaller gloves makers want to be taken by the bigger one while their balance sheet is strong now? It could only help those companies that are having financial constraints such as those smaller banks taken over by the bigger one (big eat small) during 1998 financial crisis. Remember EON Bank, Pacific Bank, Oriental Bank and other smaller banks? The ASP declining is due to oversupply issue. Magma predicts 10% to 15% gloves demand increases annually maybe true but the supply maybe increasing at a faster pace instead.
Supermax may still surprise everyone with a long term US government contract with locked price, so they wont be susceptible to ASP decline. This is no secret as Supermax made announcement few months ago that details will soon come
RSS they just dumping shares they borrowed...they make you run away from the stocks, so that later they will eventually buy back at super cheap price to return all shares they borrowed from their lender..
We wait till their time upss...what ever rock bottom price it will be..after that price will expand and shoot back to the roof..
Still don't know what hits you ? 5 factors....So much to learn and pick up here since last year. Even 2-3 days ago, you can easily save 30 cents if you are willing to read and digest.
you see pjseow. keep sticking to his methodology of PE la, cash la, future expansion la this and that. in the end also kena burn gao gao. His price should be around RM3 to RM3.5. market is all about sentiment. It dont care what you think. and what you think won't affect market. So just go with it and not against it.
Seriously, after dropped frm rm12 to rm2.20 (80% down), still so many dreamers here blaming for RSS attack .. time to wakeup, dont wait til it reach rm1 , u ll b regret haizzzz
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 > 2021-09-23 20:30 | Report Abuse
A doctor teaches you how to invest, how much can you expect from him?