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.

222,681 comment(s). Last comment by Endgame 2 days ago

Citadel666

535 posts

Posted by Citadel666 > 2021-10-07 11:29 |

Post removed.Why?

Geek2020

970 posts

Posted by Geek2020 > 2021-10-07 11:30 | Report Abuse

November QR not going to be pretty. Shorties will push it down further by then..

Maridien2

1,084 posts

Posted by Maridien2 > 2021-10-07 11:31 | Report Abuse

All countries going to endemic stage means there will be periodic outbreak every year, in other words covid forever.

Citadel666

535 posts

Posted by Citadel666 > 2021-10-07 11:31 | Report Abuse

nvm la push down then glovers will use hell notes to buy .

Geek2020

970 posts

Posted by Geek2020 > 2021-10-07 11:31 | Report Abuse

Judging by Topglove’s QR, Supermax QR will suffer the most since ASP hike was fastest for Supermax

Ryan83

1,835 posts

Posted by Ryan83 > 2021-10-07 11:31 | Report Abuse

Those buying previous high price 3+/4+/5+/6+/7+ hope for dividends but share price everyday drops

Sneakpeek

2,200 posts

Posted by Sneakpeek > 2021-10-07 11:33 | Report Abuse

Overtaking kossan @ 2 26

Posted by investmalaysia7777 > 2021-10-07 11:39 | Report Abuse

Ya lor. genuine investors don't care about share price. people like beary who always want to get the lowest price is obviously a gambler as mentioned earlier. now he lose until disappear from here d. hahahaha

Maridien2

1,084 posts

Posted by Maridien2 > 2021-10-07 11:39 | Report Abuse

Shorties don't dare short too low because some big kaki collecting tickets.

casanwk

1,496 posts

Posted by casanwk > 2021-10-07 11:47 | Report Abuse

Share undervalue by 29%
(Simply wall street)

GlovesOff

2,499 posts

Posted by GlovesOff > 2021-10-07 12:16 | Report Abuse

Today's theme is syok sendiri final dividends & bonus issue HAHAHA

Another 3.8c ?

Posted by ThePowerOfGlove > 2021-10-07 12:19 | Report Abuse

shorting gang spend every hour of their life awake dissing gloves, badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down further

Posted by ThePowerOfGlove > 2021-10-07 12:20 | Report Abuse

That is why RSS shorting gang gonna be banned soon

Posted by ThePowerOfGlove > 2021-10-07 12:21 | Report Abuse

RSS ban in the pipeline

Posted by ThePowerOfGlove > 2021-10-07 12:21 | Report Abuse

New amendments to economic/finance policies leaning toward strategies positive for Bursa resurgence, including banning of RSS

Posted by ThePowerOfGlove > 2021-10-07 12:22 | Report Abuse

Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia

So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang

Posted by ThePowerOfGlove > 2021-10-07 12:23 | Report Abuse

So, once suspended, RSS should not be reinstated until Bursa is in crazy gila insane hyperbull mode again

Posted by ThePowerOfGlove > 2021-10-07 12:23 | Report Abuse

ramping up vaxxing rate is the easy part

the hard part is keeping daily infection rate down after opening up & loosening up

Posted by ThePowerOfGlove > 2021-10-07 12:24 | Report Abuse

just like has been experienced in places like USA, UK, Israel, Singapore etc.

Posted by ThePowerOfGlove > 2021-10-07 12:24 | Report Abuse

so, still need to remain vigilant, with strict healthcare preventive measures & precautions, including use of appropriate ppe, tight sop etc.

planta

269 posts

Posted by planta > 2021-10-07 12:28 | Report Abuse

Part of my profits from tech stocks now back into gloves. This cow got too much milk and cheap hahaha

Posted by Start_0f_the_bull > 2021-10-07 12:43 | Report Abuse

Citadell666, MM, IVM777 and GOff the 4 members g_n_ no more bullets but left only their fingers in front of the keyboard trying to sell it down.

Posted by Start_0f_the_bull > 2021-10-07 12:53 | Report Abuse

Preparing to sell my tech stocks and wait for those shorties and those with negative views on gloves to further sell it down.

Citadel666

535 posts

Posted by Citadel666 > 2021-10-07 12:54 |

Post removed.Why?

Posted by VolatileIsMyGold > 2021-10-07 12:56 | Report Abuse

safety health precautions & preventive measures among frontliners still remain, including wearing appropriate ppe in many situations

irregardless of whether their patient is fully vaccinated or not, taking pill or not, young or old, female or male, etc.

gloves are very often important part of appropriate ppe

Posted by VolatileIsMyGold > 2021-10-07 12:56 | Report Abuse

I myself have not worn a rubber glove even once in my life

but still the global demand for rubber gloves in 2021 is 500 billion pcs, while current global supply is only 420 billion pcs

it's mostly about the frontliners

global glove demand does not need everybody wearing a glove, guys

comprende?

Posted by VolatileIsMyGold > 2021-10-07 12:57 | Report Abuse

If it's just up to me alone, I would rather the nurse or female doctor touch me without gloves when she is examining me.

But she's not gonna have any of that.

No frekkin way, man

Posted by VolatileIsMyGold > 2021-10-07 12:57 | Report Abuse

singapore daily cases could possibly shoot up to 5 digits, if their govt & rakyat still too stubborn & adamant about relentlessly opening up & loosening up without sufficient restrictions & precautionary preventive measures

Posted by VolatileIsMyGold > 2021-10-07 12:58 | Report Abuse

So, just going by the actual post-high vaxxing experiences in US, UK, Israel, Singapore etc., it still remains to be seen yet, how things gonna really play out in Malaysia in the weeks & months to come

Posted by VolatileIsMyGold > 2021-10-07 12:58 | Report Abuse

The upside to high vaxxing rate is that it tends to produce a quick lowering effect on daily infection rate

The downside being, when guys see a quick reduction in daily infection rate, they also get overconfident & overexuberant fast, often too fast for their own good

So, whether sustainable or not sustainable in longer term, would greatly depend on discipline of both the govt & the rakyat

Yep, just as has already been proven in US, UK, Israel, Singapore etc.

Posted by VolatileIsMyGold > 2021-10-07 12:59 | Report Abuse

While we are now already seeing the earliest daily covid infection rate surges in langkawi due to rapid opening up of travel & tourism sector

Posted by Start_0f_the_bull > 2021-10-07 13:04 | Report Abuse

Citadel666 haha who want play gloves now??? only sohhais like u still stay inside
07/10/2021 12:54 PM
------------------------------
You are like me also stay inside this forum so you sohhais also?

Posted by munfatt2000 > 2021-10-07 13:10 | Report Abuse

Moroon Citadexxx always badmouth other ppl

shameless lah

share opinion ok, no bad mouth others

understand Moroon

Citadel666

535 posts

Posted by Citadel666 > 2021-10-07 13:17 | Report Abuse

hehe I come visit gloves asylum once per month, so many petheric guys inside here haha

myinvestor

1,218 posts

Posted by myinvestor > 2021-10-07 13:17 | Report Abuse

Shorties covered -4.3m net short position on 6/10/2021

06/10/21 76470729 -4332200
05/10/21 80802929 50000

Posted by VolatileIsMyGold > 2021-10-07 13:24 | Report Abuse

9,000 cases per day is still not something to be proud about

it is still a big embarrassment by global standards, in the context of malaysia's only 32 million population

Posted by investmalaysia7777 > 2021-10-07 14:01 | Report Abuse

https://www.theedgemarkets.com/article/glove-makers-share-buybacks-paused-despite-stock-prices-nearing-lowest-12-months

Hartalega, Kossan and Topglove already hit IB target price. only left Supermax still above TP. RM1.80 coming soon

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-07 14:20 | Report Abuse

Sellers growing stronger, they preferring to hold a bit longer rather than selling low too quickly

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-07 14:21 | Report Abuse

Rubber glove industry lobbying for special reinvestment allowance in Budget 2022

https://www.theedgemarkets.com/article/rubber-glove-industry-hopes-reinvestment-allowance-budget-2022

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-07 14:22 | Report Abuse

shorting boys & girls sweating

CoolBull

3,675 posts

Posted by CoolBull > 2021-10-07 14:22 | Report Abuse

every day they sweating now

Maxsuper

1,421 posts

Posted by Maxsuper > 2021-10-07 14:38 | Report Abuse

........ by the time shorties start buying back it's 1.50 n can up to 2.50 the most...

Posted by munfatt2000 > 2021-10-07 14:40 | Report Abuse

HOW SHORTIES COVER BACK 80.8MIL???

HOW SHORTIES COVER BACK 80.8MIL???

HOW SHORTIES COVER BACK 80.8MIL???

IMPORTANT QUESTION MUST ASK 3 TIMES

Moroon Monkey will give more baseless wrong negative info to scare ppl

cutloss and sell cheap for shorties to cover back short position

Ryan83

1,835 posts

Posted by Ryan83 > 2021-10-07 14:43 | Report Abuse

KUALA LUMPUR (Oct 7): Glove makers have paused on share buy-backs despite stock prices nearing their lowest in a year.

In an Oct 7 note, TA Securities analyst Tan Kong Jin said that the average selling price (ASP) of nitrile gloves declined to US$40 to US$45 per 1,000 gloves in September compared with US$45 to US$50 per 1,000 gloves in August. Similarly, latex gloves' ASP dropped to US$30 to US$35 per 1,000 gloves in September versus US$35 to US$40 per 1,000 gloves in August.

"Going into October, we expect the nitrile and latex gloves' ASPs to be at US$35 to US$40 per 1,000 and US$25 to US$30 per 1,000 gloves respectively, representing about 8% to 12% month-on-month decline.

Tan, who has a "neutral" stance on the sector, maintains his "buy" calls on Hartalega and Kossan with lower target prices (TPs) of RM7.11 from RM10.30 previously, and RM2.71 from RM3.92.

He has maintained "sell" calls on Supermax with a lower TP of RM1.80 from RM2.71 previously and Top Glove with an unchanged TP of RM2.60.

Posted by FortuneBlooming > 2021-10-07 14:46 | Report Abuse

How is global 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 > 2021-10-07 14:46 | Report Abuse

While global population also still continuing to grow all the time

pjseow

2,264 posts

Posted by pjseow > 2021-10-07 14:46 | Report Abuse

Many investors trusted the IB s super high tgt prices last year and bought at super high prices with high PEs when these IB s made buy calls. Even in May this year , these IB s tgt prices were still averaging at rm 7.30 and make buy calls . Now the same IB s are making sell calls with.extremely low tgt prices with.extremely low PE. These IB s are advocating buy high and sell low. How to make money ?

Posted by FortuneBlooming > 2021-10-07 14:46 | 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

in 16 more years, another 3 billion

Ryan83

1,835 posts

Posted by Ryan83 > 2021-10-07 14:59 | Report Abuse

Supermax strong support 2.25 today buy queue 1 million shares

Posted by munfatt2000 > 2021-10-07 15:00 | Report Abuse

pjseow, this is how shorties and certain "IBsss" make money ah.

they sell high to you and now ask you sell super low to them.


Many investors trusted the IB s super high tgt prices last year and bought at super high prices with high PEs when these IB s made buy calls. Even in May this year , these IB s tgt prices were still averaging at rm 7.30 and make buy calls . Now the same IB s are making sell calls with.extremely low tgt prices with.extremely low PE. These IB s are advocating buy high and sell low. How to make money ?

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