Posted by ToneeFa > 2021-10-01 15:39 | Report Abuse

WC niet. Looks like China glove wings will be clipped for the meantime. Msia glove shall continue to dominate globally.

Posted by MoneyMakers > 2021-10-01 15:43 | Report Abuse

Looks like now blame game IB TP always wrong..never see glover admit ownself wrong even now price soo low

Posted by Ryan83 > 2021-10-01 15:45 | Report Abuse

Price soo low now but I thought 65sen only considered low...Share price now still high

Posted by tah16600 > 2021-10-01 15:48 | Report Abuse

Operators quietly accumulating

Posted by ThePowerOfGlove > 2021-10-01 15:49 | Report Abuse

singapore covid-19 cases just hit record high 2,478 cases per day on thursday 30 september 2021

Posted by ToneeFa > 2021-10-01 15:49 |

Post removed.Why?

Posted by ThePowerOfGlove > 2021-10-01 15:50 | Report Abuse

vaxxing alone can't do the job, as has been proven by experiences in US, UK, israel, singapore etc.

Posted by ThePowerOfGlove > 2021-10-01 15:51 | Report Abuse

only wackos, nuthedds, crackos & stuppidos still believe that covid-19 gonna disappear completely in one month, just with high vaxxing rate alone

Posted by Gerrardo > 2021-10-01 15:52 | Report Abuse

This is quite true also.


ThePowerOfGlove
2570 posts
Posted by ThePowerOfGlove > Oct 1, 2021 3:50 PM | Report Abuse

vaxxing alone can't do the job, as has been proven by experiences in US, UK, israel, singapore etc.

Posted by Sansing > 2021-10-01 15:55 | Report Abuse

According to experts ,demand still more than supply for the next 2 yrs loh!.

Posted by maggiemee > 2021-10-01 15:56 | Report Abuse

Where are the sasooooZsai stockpickyU guru? The dr always call buy before serbadk fallen and said very strong fundamentals company won’t die. Now the company dying die to false acct news. Where are they? We need sttttuuuppppiiiddd GUru nowadays to see drama show to lie ppl.

Posted by ThePowerOfGlove > 2021-10-01 15:56 | Report Abuse

MARGMA expecting rubber glove supply shortfall of 80 billion pieces in 2021

https://www.theedgemarkets.com/article/margma-says-glove-demand-expected-continue-being-robust-until-2q2022

demand 500 billion pcs, supply only 420 billion pcs

Posted by myinvestor > 2021-10-01 16:00 | Report Abuse

The big 4 already expansion or future expansion had already using industry 4.0 automation. This will cut the manpower use in production lines by 6x. Reduce from 9.7 to 1.5 workers to produce 1 million gloves according Margma. This will further cost saving in production and this saving will be converted to additional profit.

Posted by Sansing > 2021-10-01 16:00 | Report Abuse

Buy more while it is cheap now

Posted by FortuneBlooming > 2021-10-01 16:04 | Report Abuse

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

that is just so obviously shorting cartel bullkrapping fearmongering

Posted by FortuneBlooming > 2021-10-01 16:04 | Report Abuse

While global population also still continuing to grow all the time

Posted by FortuneBlooming > 2021-10-01 16:04 | 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

in just 12 more years, another 2 billion

Posted by munfatt2000 > 2021-10-01 16:05 | Report Abuse

Global supply of rubber gloves is projected to reach 420 billion pieces this year, some 80 billion pieces short of the projected demand of 500 billion pieces, according to the Malaysian Rubber Glove Manufacturers Association (MARGMA)

Posted by FortuneBlooming > 2021-10-01 16:05 | Report Abuse

no grandma windfart tax? oh dear, how disappointing

for the shorting gangsters

Posted by Keyman188 > Sep 30, 2021 1:35 PM | Report Abuse

No plans to impose windfall tax on glovemakers, sectors that made extraordinary profits during Covid-19 pandemic, says Tengku Zafrul

Posted by FortuneBlooming > 2021-10-01 16:06 | Report Abuse

whether you call it 'pandemic' or 'endemic', it's still basically just splitting hairs, just plain semantics for the jargon gymnasts, just simple branding & perception play

the basic situation has not changed at all

Posted by 5231428 > Sep 30, 2021 1:11 PM | Report Abuse

From pendamic to endemic,we have to live with the virus so looks like everyone have to use gloves.

Posted by Anaconder > 2021-10-01 16:06 | Report Abuse

Aya! u r buying only Rm2 +, not Rm 10+ mah! So why worry Bro!

Posted by FortuneBlooming > 2021-10-01 16:06 | Report Abuse

global glove demand still gonna be growing

Posted by MoneyMakers > 2021-10-01 16:08 |

Post removed.Why?

Posted by MoneyMakers > 2021-10-01 16:08 | Report Abuse

Aiyoyo demand always more than supply even b4 pandemic..real question is how much shortage (nett demand)

Fyi current shortage (nett demand) now same level as 2019..thats why ASP going back to 2019 level

Posted by tah16600 > 2021-10-01 16:08 | Report Abuse

Selling at lelong price , hoot lah!

Posted by tah16600 > 2021-10-01 16:12 | Report Abuse

kENANGA Tp Rm 5 lol!

Posted by munfatt2000 > 2021-10-01 16:16 | Report Abuse

14th Sep Short position 75Mil

17th Sep short position 76.4Mil.

20th Sep short position 77.2Mil.

22nd Sep short position 78.2Mil.

23th Sep short position 79.3Mil.

24th Sep short position 80.3Mil

27th Sep short position 80.6Mil

30th Sep short position 80.4Mil (Shorties cover 200K)

Shorties kept on lelong cheap cheap, grab more if u got holding power

Let shorties lelong cheap cheap to u, not u sell cheap cheap to shorties.

Posted by munfatt2000 > 2021-10-01 16:17 | Report Abuse

supermax good record - profit for 20yrs

supermax Jun 21 - NTA RM 1.82

CASH IN HAND RM 1.40

EPS FY 2021 RM 1.46

DPS FY 2021 RM 0.3180

Let shorties lelong cheap cheap to u, not u sell cheap cheap to shorties.

got holding power, grab more cheap ticket from shorties.

Posted by FortuneBlooming > 2021-10-01 16:17 | Report Abuse

glove makers make money on the gloves that they can sell to help meet the demand

not on the shortage part that they cannot cover

Posted by FortuneBlooming > 2021-10-01 16:18 | Report Abuse

as long as got shortage, then got no problem selling

Posted by oskchoon > 2021-10-01 16:21 | Report Abuse

Even Glove ASP going back to pre Covid time, it is still USD 25 which is profitable and cash is King as Supermax has RM 1.30 per share, you are paying extra RM 1.00 for international Glove venture business...

Posted by oskchoon > 2021-10-01 16:27 | Report Abuse

Among the 3 research houses TP prices, the lowest from Kenanga is RM 2.35 and you are buying around RM 2.20 to 2.30, isn't a good bargain for such low PE company...

Posted by MoneyMakers > 2021-10-01 16:31 |

Post removed.Why?

Posted by MoneyMakers > 2021-10-01 16:34 | Report Abuse

Glovers like to lie/comfort ownself that company cashrich..in reality, the cash as good as gone & market knows it (even if glovers dont want admit)

Posted by munfatt2000 > 2021-10-01 16:38 | Report Abuse

14th Sep Short position 75Mil

17th Sep short position 76.4Mil.

20th Sep short position 77.2Mil.

22nd Sep short position 78.2Mil.

23th Sep short position 79.3Mil.

24th Sep short position 80.3Mil

27th Sep short position 80.6Mil

30th Sep short position 80.4Mil (Shorties cover 200K)

Shorties kept on lelong cheap cheap, grab more if u got holding power

Let shorties lelong cheap cheap to u, not u sell cheap cheap to shorties.

Posted by Habisgl0v3333 > 2021-10-01 16:38 | Report Abuse

GREEN LITTLE CANDLE shown in weekly chart!!!!! Means rebound is cummin!!

Posted by oskchoon > 2021-10-01 16:40 | Report Abuse

Supermax prices around RM 2.30 is a bargain, debt to cash only 0.07, current ratio is 2.62 times and current PE is 1.66 times, cash on hands around RM 1.30 per share...

Posted by MoneyMakers > 2021-10-01 16:47 |

Post removed.Why?

Posted by munfatt2000 > 2021-10-01 16:52 | Report Abuse

urglrr disgustinn Moroon monkey

Posted by Ryan83 > 2021-10-01 17:04 | Report Abuse

Waiting next week bargain price

Posted by klee > 2021-10-01 17:55 | Report Abuse

Why got someone so free everyday hentam glovers?Eat full no thing do ?so pandai go find a gem n write blog lah.Hahaha.

Posted by klee > 2021-10-01 17:57 | Report Abuse

It is their money after all.They like throw into the sea let them lah.Why so kaypochi.

Posted by klee > 2021-10-01 17:58 | Report Abuse

Must be a retired old man this.

Posted by MoneyMakers > 2021-10-01 18:17 | Report Abuse

Stuck boring range..wait Nov/Dec QR lelong 30% discount

Posted by Maridien2 > 2021-10-01 18:21 | Report Abuse

Nov/Dec monster covid variant will emerge.

Posted by jgc147 > 2021-10-01 19:37 | Report Abuse

Kenanga TP is based on 12x FY23 NP(530m)
This is based on Rev 3160m / ASP 28 / Utilization 80% /Margin 25%
Issue is with revenue projection - capacity is assumed at 34Bln -
Why do they not assume the planned 48Bln in FY23

Posted by jgc147 > 2021-10-01 19:38 | Report Abuse

If use 48Bln with same assumptions - TP changes a lot.

Posted by pjseow > 2021-10-01 21:10 | Report Abuse

jgc , kenanga is actually using a margin of 17 % (16.6 % to be exact ) instead of 25%。 See page 3 of 7 of kenanga report.

PAT = 28 x 34 x 0.8 x 0.166 = 530 m

Kenanga should use 42 b capacity.instead of 34 . FY 2023 start from.mid of CY 2022 and end in mid CY 2023. The average of 36 bil and 48 bil will give 42 billions. Then

PAT = 28 x 42 x 0.8 x 4.2 x 0.25 = 988 m

Kenanga tgt PAT of 530 mil is too low. In fact the consensus PAT in.kenanga report itself is 878 m.


----------------------------
jgc147 Kenanga TP is based on 12x FY23 NP(530m)
This is based on Rev 3160m / ASP 28 / Utilization 80% /Margin 25%
Issue is with revenue projection - capacity is assumed at 34Bln -
Why do they not assume the planned 48Bln in FY23
01/10/2021 7:37 PM

Posted by oskchoon > 2021-10-01 22:22 | Report Abuse

Even Kenanga joined hands with Shorties gangs to bring down the Share prices by giving very very low TP price of RM 2.35, it is still a excellent buy on price below RM 2.35, someone mentioned it will use the RM 1.30 cash per share to build hugh Glove factories in United States which in turn will bring more money back to Malaysia to reward the genuine shareholders...

Posted by ToneeFa > 2021-10-01 22:53 |

Post removed.Why?