SUPERMAX CORPORATION BHD

KLSE (MYR): SUPERMX (7106)

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Last Price

0.845

Today's Change

-0.005 (0.59%)

Day's Change

0.835 - 0.85

Trading Volume

1,241,000


100 people like this.

222,684 comment(s). Last comment by Income 23 minutes ago

niet

779 posts

Posted by niet > 2021-09-30 15:59 | Report Abuse

My dividend banked in.

niet

779 posts

Posted by niet > 2021-09-30 16:04 | Report Abuse

Ryan83 2.40 sure to broken if not today. In a few days. Shorties still control.

Fklim888

1,613 posts

Posted by Fklim888 > 2021-09-30 16:04 | Report Abuse

waiting for upcoming dividend...

Ryan83

1,835 posts

Posted by Ryan83 > 2021-09-30 16:07 | Report Abuse

How many RSS volumes today for top 4 glove stocks?

Maridien2

1,084 posts

Posted by Maridien2 > 2021-09-30 16:07 | Report Abuse

My 100k dividend waiting to buy at 1.99 those bustard shorties won't feel a sense of achievement if they don't break 2.

niet

779 posts

Posted by niet > 2021-09-30 16:11 | Report Abuse

79,694,429 shares of supermx net shorted as of 29/09/2021. I have a fantasy that someone can come and 160 million shares in one day, which would give a fun time to shortists.

myinvestor

1,218 posts

Posted by myinvestor > 2021-09-30 16:12 |

Post removed.Why?

Ryan83

1,835 posts

Posted by Ryan83 > 2021-09-30 16:15 | Report Abuse

They can short maximum 4% still got 1% to short selling 27 million shares

Geek2020

970 posts

Posted by Geek2020 > 2021-09-30 16:20 | Report Abuse

Yup cover a bit and short again

Posted by Benhobenhobenho > 2021-09-30 16:26 | Report Abuse

Today should close green

Ryan83

1,835 posts

Posted by Ryan83 > 2021-09-30 16:29 | Report Abuse

Close green for 3 days

Posted by Benhobenhobenho > 2021-09-30 16:34 | Report Abuse

Profit taking??

Posted by munfatt2000 > 2021-09-30 16:38 | Report Abuse

hold and don't sell ur ticket to shorties at this super low price

jacklimeu2

931 posts

Posted by jacklimeu2 > 2021-09-30 16:47 | Report Abuse

Don't know how to make chicken rice money in a volatile market? Doesn't matter up or down trend. No wonder joker...lol

Posted by Benhobenhobenho > 2021-09-30 16:47 | Report Abuse

I still can't understand how shortists can press down prices. Anyone can explain

Fklim888

1,613 posts

Posted by Fklim888 > 2021-09-30 16:51 | Report Abuse

Rss press till max .. lol

McChicken

101 posts

Posted by McChicken > 2021-09-30 16:52 | Report Abuse

Whole day huuuhaa huuuhaaaa, price almost remained flat. Lolzz

newbie8080

2,766 posts

Posted by newbie8080 > 2021-09-30 16:56 | Report Abuse

@Benhobenhobenho

It's mostly institutional shorting via RSS

Fklim888

1,613 posts

Posted by Fklim888 > 2021-09-30 16:57 | Report Abuse

Haha ... cheers uptrend

Maridien2

1,084 posts

Posted by Maridien2 > 2021-09-30 16:57 | Report Abuse

Expected result, now lets see how low they want to press down this time.

niet

779 posts

Posted by niet > 2021-09-30 17:01 | Report Abuse

Benhobenhobenho. Their transactions cost are nearly zero. The no need to short sell to press down. Have other accounts where they sell to each other. And also intraday short selling by brokers not show in data.

niet

779 posts

Posted by niet > 2021-09-30 17:08 | Report Abuse

Also the big volumes you see on down tick are put up by syndicate. They sell a few shares and cancel the rest of orders. All glove stocks topglov, supermx, kossan, harta, carepls, comfort, esceram, ruberex, adventa are being controlled.

Larn

280 posts

Posted by Larn > 2021-09-30 17:10 | Report Abuse

Net Short Position As At 29-Sep-2021

TOPGLOV 241,067,327 (2.94%), Today RSS Volume 663,800

SUPERMX 79,694,429 (2.93%), Today RSS Volume 395,000

KOSSAN 54,301,185 (2.12%), Today RSS Volume 1,459,300

HARTA 51,964,406 (1.52%), Today RSS Volume 161,100

Larn

280 posts

Posted by Larn > 2021-09-30 17:11 | Report Abuse

clearly shorties returned some shares to continue RSS for TG & Spmx..

Larn

280 posts

Posted by Larn > 2021-09-30 17:12 | Report Abuse

they maintain limit under 3%..

Posted by Benhobenhobenho > 2021-09-30 17:12 | Report Abuse

@niet o I see, thanks for sharing

Larn

280 posts

Posted by Larn > 2021-09-30 17:12 | Report Abuse

under new regulation limit 3%..

Larn

280 posts

Posted by Larn > 2021-09-30 17:13 | Report Abuse

when price breakdown...RSS selling among them..

niet

779 posts

Posted by niet > 2021-09-30 17:18 | Report Abuse

Larn shortist never exceeded 3% this year. So do not be too happy. As long volume is not above NSS they are safe. They are also in cahoots with big players who lent them the shares. The IB who keep downgrading. The press which only gives negative news.

niet

779 posts

Posted by niet > 2021-09-30 17:20 | Report Abuse

Has any news agency in Malaysia highlight the fact that China Power shortage has shut down glove factories.

Ryan83

1,835 posts

Posted by Ryan83 > 2021-09-30 17:24 | Report Abuse

RSS threshold is 4%

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-30 17:32 |

Post removed.Why?

MoneyMakers

7,647 posts

Posted by MoneyMakers > 2021-09-30 17:32 | Report Abuse

If see mass exodus tomorrow (TG xdate), may be start of 5-10 str8 red days *hopefully*

Maridien2

1,084 posts

Posted by Maridien2 > 2021-09-30 17:32 | Report Abuse

The one time I have to agree with moneymakers. Please bring price down so I can buy cheaper tickets, my 100k dividend will be waiting at 1.99. Thanks in advance.

Larn

280 posts

Posted by Larn > 2021-09-30 17:33 | Report Abuse

Niet..yes true, that why net RSS % for TG slightly lower this week..RSS maintain below 3% limit

Larn

280 posts

Posted by Larn > 2021-09-30 17:34 | Report Abuse

if you see RSS still active..just becareful dont buy using margin..

Knm_bottomed

1,122 posts

Posted by Knm_bottomed > 2021-09-30 18:24 | Report Abuse

Bullish

Posted by FortuneBlooming > 2021-09-30 18:43 | Report Abuse

How is glove demand ever going to go back to pre-pandemic level, when pandemic is quite obviously still raging, still rampant, with newer & robuster covid variants still emerging all the time

that is just so obviously shorting cartel bullkrapping fearmongering

Posted by FortuneBlooming > 2021-09-30 18:43 | Report Abuse

While global population also still continuing to grow all the time

Posted by FortuneBlooming > 2021-09-30 18:44 | Report Abuse

global population right now growing at 90 million per year

this growth, just like your fd interest, is compounded over time

so, in just 7 more years, there's gonna be another 1 billion people on this planet

niet

779 posts

Posted by niet > 2021-09-30 19:17 | Report Abuse

Thank you supermx for your dividend although I still lost money.

niet

779 posts

Posted by niet > 2021-09-30 19:24 | Report Abuse

Larn. This RSS has conditions that the Bursa does not make public. I do not why they are keeping NSS below 3% maybe it is part of their risk management. Another thing I have noticed. In a trading day they have not exceeded 25% threshold of vol of shares shorted divided by daily volume of shares times 100.

Larn

280 posts

Posted by Larn > 2021-09-30 21:08 | Report Abuse

niet, RSS also have another limit that if exceed 15sen will trigger stop..

Gerrardo

630 posts

Posted by Gerrardo > 2021-09-30 21:14 | Report Abuse

Closing at 2.39

Posted by Ryan83 > Sep 30, 2021 3:59 PM | Report Abuse

Today rebound strong support 2.40 hope not broken

joyvest

10,533 posts

Posted by joyvest > 2021-09-30 21:23 | Report Abuse

No matter how good is said about this counter,no effect on its share price.one thing for sure,PE remains the lowest due to expected future lower growths.......

ToneeFa

2,529 posts

Posted by ToneeFa > 2021-09-30 21:29 |

Post removed.Why?

pjseow

2,264 posts

Posted by pjseow > 2021-09-30 21:52 | Report Abuse

Tonee., fully.agreed the current power crunch will last till end of winter. This power crunch will.force them to raise prices 。LNG prices was also up by more than doubled. China glove makers will.lose money if they compete with no or low margin.
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ToneeFa The ASP drop has been exacerbated by China glove factory expansion. However, with the rising energy cost in China and political friction with CAUKUS, China glove threat should be waning, and ASP should recover or stabilize ard USD35-40. SpmX shouid see new contracts with UK NHS and US healthcare system soon.
30/09/2021 9:29 PM

niet

779 posts

Posted by niet > 2021-09-30 21:54 | Report Abuse

Larn. Thank you for informing about 15 sen limit.

Knm_bottomed

1,122 posts

Posted by Knm_bottomed > 2021-09-30 22:37 | Report Abuse

China cases surging. Everything back to square one

Posted by FortuneBlooming > 2021-09-30 22:46 | Report Abuse

cases everywhere surging back up, even with 85% vaccination rate, including israel, UK, US

everybody in every country tightening up restrictions

but only malaysian bodtddoh st00ppid kabinet gagal so brave, loosening up even when daily cases still hovering around 15,000 cases per day

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