Posted by FortuneBlooming > 2021-10-03 13:53 | Report Abuse

msia kabinet gagal #2 can do voodoo magic & bring down daily infection rate sustainably while completely opening up & loosening up geh

just simply with high vaccination rate only geh, without needing to keep restrictions & tight sop geh

Posted by FortuneBlooming > 2021-10-03 13:54 | Report Abuse

'success in achieving high vaccination rate' is not necessarily equal to 'success in achieving low covid infection rate'

Posted by FortuneBlooming > 2021-10-03 13:55 | Report Abuse

so many guys now so fanatically obssessed with sheer vaccination rate

but point is, you need to look more at the actual covid daily infection rate, which is a more accurate indicator of how a country's covid issue is being managed

australia for example has only a 55% vaccination rate, but their covid daily infection rate is 15 times lower than malaysia

Posted by Benhobenhobenho > 2021-10-03 14:13 | Report Abuse

http://www.financetwitter.com/2021/10/merck-unveils-first-covid-pill-could-cut-risk-of-death-hospitalization-by-fifty-percent-but-its-not-a-vaccine-and-theres-a-catch.html

Posted by myinvestor > 2021-10-03 14:25 | Report Abuse

Posted by Benhobenhobenho > Oct 3, 2021 2:13 PM | Report Abuse

http://www.financetwitter.com/2021/10/merck-unveils-first-covid-pill-c...
Therefore, the molnupiravir pill is not a vaccine, let alone the Holy Grail in fixing the pandemic. It is an oral antiviral, another tool or weapon to fight Covid-19. Vaccinations through jabs are still required to prevent from getting the virus in the first place. The pill provides a good tool for people who refuse to receive vaccine, but ready to take the oral antiviral during the early days of symptom

Posted by Ryan83 > 2021-10-03 16:28 | Report Abuse

Tomorrow selling pressure continues for all glove stocks due to breakthrough news of Merck Covid-19 pills and strong rally of recovery stocks in US markets last Friday

Posted by VolatileIsMyGold > 2021-10-03 16:35 | Report Abuse

the tide has turned

Posted by VolatileIsMyGold > 2021-10-03 16:35 | Report Abuse

the pendulum has swung the other way

Posted by VolatileIsMyGold > 2021-10-03 16:36 | Report Abuse

now glove warriors gotten really fed up with non-stop fearmongering shorting cartel

Posted by VolatileIsMyGold > 2021-10-03 16:36 | Report Abuse

shorting cartel gonna be buggered big time soon

slaughtered like no tomorrow

Posted by VolatileIsMyGold > 2021-10-03 16:36 | Report Abuse

fairly soon

Posted by Start_0f_the_bull > 2021-10-03 17:21 | Report Abuse

Ryan83 Tomorrow selling pressure continues for all glove stocks due to breakthrough news of Merck Covid-19 pills and strong rally of recovery stocks in US markets last Friday
03/10/2021 4:28 PM
---------------------------------------------
Start from tomorrow :
Gaming, hotels and airlines : Up
Vaccines: Down
Consumer: Up
Gloves: Neutral

Come back again to check end of the week whose predictions more accurate, OK?
LOL

Posted by genuine_investor > 2021-10-03 17:26 | Report Abuse

Like it or not, Glove companies are the few sectors making handsome profits where others are losing big time! In corporate, it is all about cashflows and let's see how many companies will go bust in 2021.

Posted by ToneeFa > 2021-10-03 17:54 | Report Abuse

@pjseow The Grand Formulas

03/10/2021 11:45 AM

Thanks pjseow, likely the most accurate and realistic profit projection for FY23 and FY24. Can dump all the "lie-censed" analysts projections in the bin.

Posted by iamnotinvestor > 2021-10-03 17:55 | Report Abuse

genuine_investor Like it or not, Glove companies are the few sectors making handsome profits where others are losing big time! In corporate, it is all about cashflows and let's see how many companies will go bust in 2021.

It won't go bust so soon simply bcos banks don't want to take into account of bad debt! Worst is it might impact the financial performance of those lenders. Let it hang on as long as possible!

Posted by iamnotinvestor > 2021-10-03 17:57 | Report Abuse

ASP OF 28 for year 2023 n 2024 is way too conservative. I would like to believe at least 40usd.

Posted by MoneyMakers > 2021-10-03 18:34 | Report Abuse

If close eyes & imagine, ofcos can believe ASP 40usd whatever

Open eyes will see reality @ now ASP USD30++ & TG profit dropping 70%

Posted by MoneyMakers > 2021-10-03 18:38 | Report Abuse

Intco/Bluesail each expanding to 130Bil/75Bil capacity (orig capacity 5Bil each)

2 china company combined producing 200Bil (prepandemic 10Bil)..china used to be less than 5% global supply - now becoming 40% of 2022 global supply 500Bil

Posted by MoneyMakers > 2021-10-03 18:41 | Report Abuse

These r real numbers..not imagination which glovers like to use

IBs now still using ASP USD30 for TP calculation..wait until they start using ASP USD20 thats when u know real glove TP (65sen)

Posted by tiptop168 > 2021-10-03 19:34 | Report Abuse

MonkeyMakers..no need to waste your valuable time here. No one will appreciate your information sharing here.

Posted by iamnotinvestor > 2021-10-03 19:38 | Report Abuse

Reality is China still import gloves from Malaysia. Go and check it out. China will not be a threat to Malaysia gloves industry, pls do your homework lah.

Posted by pjseow > 2021-10-03 19:48 | Report Abuse

iamnotinvestor , The ASP of US 28 is a consensus between the IB s. Harta CEO gave ASPs between US 30 to 35 of Nitrile gloves for normalised situation while IB s gave ASP numbers between 26 and 30 for normalised state. MARGMA gave a projection of 40 to 60 % higher than pre pandemic ASP. I just take the middle of US 28 for blended based on 75 to 25.Nitrile ratio in.FY 2023. In my personal opinion, the blended.ASP for supermx is between.US 30 and 33.during.normalised state.
Anyway ,.ASP.of 28.is still 40 %.higher than pre pandemic of US 19.6 and the nett margin is 25.% which is much higher than the margin of only 8.5 % when the blended ASP was only 19.6 in FY 2019. It can be proven mathematically.a 40 % increase in.ASP can result in tripling of nett margin.
With the doubling of capacity, increase in.ASP and margin, you can.see a 7 to 8 x.increase in.PAT.compared with.pre pandemic.earning of 124 millions. This itself has a CAGR of more than 65 % from FY 2019 to 2023. A PE of 15 will give a price of 7 to 8 x of prepandemic price of 70 sen per share not to mention the huge cash in hand of about rm 1 per.share in the company assuming after paying a lucrative 60 s for FY 2022.

----------------------
iamnotinvestor ASP OF 28 for year 2023 n 2024 is way too conservative. I would like to believe at least 40usd.
03/10/2021 5:57 PM

Posted by ToneeFa > 2021-10-03 19:59 | Report Abuse

@pjseow

FY 2024 Projection

ASP : 28
capacity: 48 billions p.a
Revenue : 28 x 48 x 0.8 x 4.15 = 4462 m
Nett margin : 25.%
PAT : 4462 x 0.25 = 1116 m
EPS = 1116/2720 = 41 sen
Nitrile to Latex ratio : 80 to 20 %
--------------------------------------------------

The post pandemic price based on normalised PE 12 = RM 4.90 should be the fair price. Even if u base on profit margin of 0.2, it would still be ard RM 4.0, being the fair price for post pandemic.

Posted by iamnotinvestor > 2021-10-03 20:02 | Report Abuse

pjseow, given the inflation n hike of raw matls, would you think the ASP will remain low 30 or high 20? I wish it is below 30 or even 20 just to wiped out all the small n up coming competitors.
Its OK for Top4 to run at a lost of 100mil per qtr for the upcoming 3 years. They have the cash to burn but how about others? Well I keep it short that glove industry still growing n profit will keep pouring in as long as the Co is well managed. Bottom line stay invested.

Posted by MoneyMakers > 2021-10-03 20:35 | Report Abuse

Aiyoyo someone who believes ASP 40usd no need tell others do homework..own homework also flush down toilet lol

Posted by MoneyMakers > 2021-10-03 20:41 | Report Abuse

China dumping additional 200Bil (40% global supply) into market..market got limited corporate buyers

Glove oversupply + limited buyers..such situation, even glovers got no braincell can think how bad future glove biz

Posted by MoneyMakers > 2021-10-03 20:54 | Report Abuse

Share price drop 65sen (orig price) alrdy locked-in..just need time

Lets see how Merck new covid pill affect share price tomorrow

Posted by Start_0f_the_bull > 2021-10-03 21:26 | Report Abuse

The cost of operating expenses of Intco Medical, China and Supermax is about the same now. In the worst situation if cost exceed sales they may just cut production or just let those smaller producers die naturally and eventually ASP will be back to normal or gradually increase. I don't think there is much to worry about the big4.

Posted by Benhobenhobenho > 2021-10-03 21:46 | Report Abuse

China gloves may be cheap but normally sold to developing n third world countries like Africa, Asia n South America. Developed countries prefer quality gloves from malaysia

Posted by ToneeFa > 2021-10-03 22:35 |

Post removed.Why?

Posted by MoneyMakers > 2021-10-03 23:06 | Report Abuse

Sure mo wont buy from intco/bluesail..both famous company also no problem finding customers now

Posted by MoneyMakers > 2021-10-03 23:10 | Report Abuse

Anyway no use guessing too much about china..most glovers alrdy 50%++ loss prob too late to do anything..have to ride to the end & pray got sharks goreng along the way

Posted by pjseow > 2021-10-03 23:14 | Report Abuse

iamnotinvestor, as I said earlier , I believe the supermx " BLENDED " ASP will be higher than US30 . My ""Blended "" ASP is not the typical Weighted Mfg ASP of Nitrile and Latexx ASP only but the Blended Mfg.ASP and Distributor ASP. I felt that IB s had neglected the change of supermx OBM business model since March 2020.
I will explain it later when.I have time.

---------------------

iamnotinvestor pjseow, given the inflation n hike of raw matls, would you think the ASP will remain low 30 or high 20? I wish it is below 30 or even 20 just to wiped out all the small n up coming competitors

Posted by FortuneBlooming > 2021-10-03 23:30 | 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 > 2021-10-03 23:30 | Report Abuse

While global population also still continuing to grow all the time

Posted by FortuneBlooming > 2021-10-03 23:30 | 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 Start_0f_the_bull > 2021-10-04 07:51 | Report Abuse

Benhobenhobenho China gloves may be cheap but normally sold to developing n third world countries like Africa, Asia n South America. Developed countries prefer quality gloves from malaysia
03/10/2021 9:46 PM
------------------------------------------------------
I am quite doubtful about this. Mind check again?
It may be true for small gloves makers in China but not the big one example Intco Medical.

Posted by munfatt2000 > 2021-10-04 09:03 | 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)

1st Oct short position 80.6Mil

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 > 2021-10-04 09:05 | 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 Benhobenhobenho > 2021-10-04 09:29 | Report Abuse

Could today be the start of trend reversal for glove counters. Long pressed down n time for uptrend

Posted by Habisgl0v3333 > 2021-10-04 10:47 | Report Abuse

Not much people selling..

Posted by munfatt2000 > 2021-10-04 10:52 | Report Abuse

don't worry Moroon Monkey will sell cheap cheap to u

Posted by ThePowerOfGlove > 2021-10-04 11:18 | Report Abuse

shorting gang losing power

Posted by ThePowerOfGlove > 2021-10-04 11:19 | Report Abuse

shorting gang running out of gas

Posted by ThePowerOfGlove > 2021-10-04 11:19 | Report Abuse

shorting gang running out of gas

Posted by ThePowerOfGlove > 2021-10-04 11:19 | Report Abuse

shorting gang running out of desperate pathetic scare stories

Posted by ThePowerOfGlove > 2021-10-04 11:20 | Report Abuse

shorting gang now back to having to resort to desperate pathetic old stale tak laku grandmother's windfart tax tale

pooooorrrrrttttt

Posted by ThePowerOfGlove > 2021-10-04 11:21 | Report Abuse

singapore covid-19 cases just hit record high 2,909 cases per day on friday 1 october 2021

Posted by ThePowerOfGlove > 2021-10-04 11:21 | Report Abuse

high vaxxing rate alone not gonna bring covid under control, vaxxing needs to be combined & integrated with restrictions, good healthcare preventive measures & precautions, use of ppe, tight sop etc.

even highly vaxxed singapore struggling hard to manage covid now

Posted by ThePowerOfGlove > 2021-10-04 11:23 | Report Abuse

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