Posted by stingray_ea > 2021-10-22 11:33 | Report Abuse

Seller in control…

Posted by VolatileIsMyGold > 2021-10-22 11:34 | Report Abuse

safety health precautions & preventive measures among frontliners still need to 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 > 2021-10-22 11:34 | Report Abuse

frankly speaking, 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 > 2021-10-22 11:35 | Report Abuse

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

But she's not gonna have any of that.

No frekkin way, man

Posted by VolatileIsMyGold > 2021-10-22 11:35 | Report Abuse

singapore daily cases could still 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 > 2021-10-22 11:36 | 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 > 2021-10-22 11:36 | 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 > 2021-10-22 11:37 | Report Abuse

A daily covid infection rate of 6,000 per day for a population of only 32 million is not an indicator of competent covid management at all

It is merely a reflection of a previous much worse level of incompetence now only temporarily mitigated

Posted by VolatileIsMyGold > 2021-10-22 11:38 | Report Abuse

So, better not be lulled into blissful happy delirium so soon about current drop in daily covid cases yet

It might be sustainable, but then again also, it might not

Malaysians are not a uniquely invincible species, so what makes anybody think for even one moment that our experience post-opening up is gonna be any different from those of US, UK, israel, singapore

Posted by stingray_ea > 2021-10-22 11:42 | Report Abuse

PE ratio 1 —-> 2. , 2 —-> 4 , 4 —-> 16. . When profit drop 50% each Q

Posted by SamLiRainMaker > 2021-10-22 11:53 | Report Abuse

Kossan is more stable compare to this.

Posted by monetary > 2021-10-22 11:57 | Report Abuse

kossan is more humane during pandemic. the least likely to be cbp target.

Posted by monetary > 2021-10-22 11:59 | Report Abuse

u can't blame USA. they don't slaughter us by jacking up the vaccine price.

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

It was the vaccine price negotiations (plus an incompetent kabinet gagal #1) that delayed our vaccine acquisition for so long, what else

So much so that we went up to 24,000 cases per day at one time

When countries in the Persian/Arab Gulf had already managed to cut down their own daily cases to 2 digit figures

Posted by monetary > Oct 22, 2021 11:59 AM | Report Abuse

u can't blame USA. they don't slaughter us by jacking up the vaccine price.

Posted by Benhobenhobenho > 2021-10-22 12:19 | Report Abuse

Kossan is more stable compare to this
U know why?? More retailers investment in supermax than others, that's the reason the manipulators hijacked the price n push to a very low level

Posted by parastoo > 2021-10-22 12:23 | Report Abuse

Good thing Kossan div 12sen, Spmx cannot be lower in coming QR.

Posted by sharemarket21 > 2021-10-22 12:24 | Report Abuse

Labour issues are everywhere. No one really care and badly afffected apart of little hiccups and profits forecast disrupted. But those who have invested wrongly would felt the most pain because share price tank. Hoping for Covid-19 deterioration lead to higher sales and profits or concerns profits declined due to lower production. That's what you are asking for and now you got it. Welcome to the big boys market.

Posted by Knm_bottomed > 2021-10-22 12:24 | Report Abuse

Next month rm4 100% profit

Posted by probability > 2021-10-22 12:26 | Report Abuse

https://www.theedgemarkets.com/article/analysts-cut-supermax-earnings-forecasts-after-us-customs-ban-glove-products

“We have cut our earnings forecasts for Supermax for FY22 (the financial year ending June 30, 2022) to FY24 by 22% to 54% as we believe that it would take at least a year for Supermax to resolve the issue with the CBP and given the likely pressure on its average selling prices (ASPs) due to its significant exposure to the US market,” said Affin Hwang Investment Bank in a note.

As a result, it cut its target price (TP) for Supermax to RM1.70 based on an unchanged 5.5 times 2022 price-earnings ratio (PER), and downgraded the stock to "sell" from "hold".

Posted by Jonathan Keung > 2021-10-22 12:34 | Report Abuse

This analyst do not understand the structure of glove business.supermax is not going to sit for one year and wait for the US regulatory for approval. They are going to divert their products to other third parties and other regions. Yes average selling prices are lower but still generating a profit. No businessmen is going to sit for one year doing nothing. Prices will be under pressure and smaller producers and new comers will be hit when Supermax divert their gloves into other markets and segments. Supermax management is very experienced

Posted by oskchoon > 2021-10-22 12:36 | Report Abuse

This morning only 6 million share trading compared with yesterday morning of 40 millions shares trading, it means the shorties gangs must buy Supermax shares at any cost on next Monday, ppl are clever this time..

Posted by oskchoon > 2021-10-22 12:39 | Report Abuse

With these small trading volumes, it is difficult for shorties to continue buying at 2.03 to 2.04 whole day, it is still far short to pay back the borrowed shares to the Brokerage houses, if they..

Posted by oskchoon > 2021-10-22 12:40 | Report Abuse

If the shorties gangs start to buy aggressively on Monday morning, it is easily to push up suplex to RM 2.25 to 2.30 levels..

Posted by oskchoon > 2021-10-22 12:42 | Report Abuse

This will teach the shorties a good lesson to RSS a reputable and strong foundation company like Supermax which is cash rich and strong leadership..

Posted by Jonathan Keung > 2021-10-22 12:44 | Report Abuse

If the price maintain above 2.00+ shorties cannot cover their costs { either buy back or cut their short position volume}

Posted by Flamini > 2021-10-22 12:46 | Report Abuse

What's i concern is PAT coming up quarter

Posted by Stockisnotfun > 2021-10-22 12:54 | Report Abuse

Don't do second guess la. When IB want short by giving low tp just follow them.

Unless u have more money than IB else u are just a small ant in this bloodbath

Posted by GlovesOff > 2021-10-22 13:16 | Report Abuse

Meanwhile, TA Securities Research said .....

Consequently the research house, which has a "sell" call on Supermax, reduced its target price to RM1.43 a share from RM1.80 a share, based on revised 2023 price-earnings multiple of 12 times, down from 13x previously.

Posted by MoneyMakers > 2021-10-22 13:53 | Report Abuse

Seems some here jealous of kossan..fyi kossan current price rm2.5 is only (1.2x) orig prepandemic price rm2.1

Supermx current price rm2.0 is (3.1x!!) prepandemic price 65sen

Thats how overvalued supermx..still need huge drop coming weeks/months

Posted by investmalaysia7777 > 2021-10-22 13:53 | Report Abuse

Rm1.43 still way above pre pandemic level. Cannot be justify. Harta and Kossan is at pre pandemic level d

Posted by MoneyMakers > 2021-10-22 13:54 | Report Abuse

Also alot nonsense about shorts today..usual blame game after bloodbath..blame everything but ownself

Posted by MoneyMakers > 2021-10-22 13:54 | Report Abuse

Price just resting b4 nxt leg down..can easily drop 10sen-15sen anytime

Posted by investmalaysia7777 > 2021-10-22 14:10 | Report Abuse

Kossan already reach pre pandemic level. if kossan can earn few hundred millions in the next few quarters. its undervalued. Supermax is 3x pre pandemic level. any increase in earnings already reflected in share price. thus overvalued

Posted by wiser_dude > 2021-10-22 14:19 | Report Abuse

Gloves are all dead

Posted by oskchoon > 2021-10-22 14:24 | Report Abuse

Kenanga Research house has downgraded the Supermax TP to RM 2.15 from 2.35 due to USA and ILO accused Supermax forced labour, however only 20 % Glove sales is for USA and Supermax decided to divert the consignment to other destination with lower ASP but still profitable, Therefore, Kenanga had slightly lower the new TP to 2.15 and current Supermax price is RM 2.03 a discount of 12 sens... A good bargain to collect...

Posted by IvanC > 2021-10-22 14:34 | Report Abuse

collect some today. hehe

Posted by stingray_ea > 2021-10-22 14:37 | Report Abuse

Bear in control

Posted by MoneyMakers > 2021-10-22 14:42 | Report Abuse

Wait QR profit drop & IBs use latest ASP to calculate new TP..will be far below rm2.0

Posted by MoneyMakers > 2021-10-22 14:46 | Report Abuse

Fyi no IB has ‘buy’ recommendation on TG anymore..all downgraded to either ‘hold/sell’..thats how bad whole glove sector

By the time all IBs downgrade to ‘sell’, price alrdy 65sen (orig price)

Posted by oskchoon > 2021-10-22 14:51 | Report Abuse

Even Glove ASP is down, as long as all the top 7 Glove companies still profitable and giving out dividend every quarter, there is no reason why ppl investors are holding these counters for long term gains..

Posted by oskchoon > 2021-10-22 14:53 | Report Abuse

Best of all, almost all the top 7 Glove companies are cash rich with almost debt free, they can go for Glove production automation instead of depending on migrant workers..

Posted by oskchoon > 2021-10-22 14:55 | Report Abuse

Most tech companies in Bursa are selling above 10 ringgit and giving out small dividend yield compared with Glove counters, if you are smart investors, why pay high prices for less dividend..

Posted by Dannyfyl88 > 2021-10-22 14:56 | Report Abuse

Waiting to collect below 2. I guess a lot of people waiting to collect like me. This might be down... but certainly Not Out. In 1 year, I expect this to double or triple... from this level. No better bargain out there...

Posted by oskchoon > 2021-10-22 14:57 | Report Abuse

In Glove business only the big 4 and small 3 glove company can survive even ASP falls to pre Covid-19 pandemic.. But not newbies like AT etc..

Posted by MoneyMakers > 2021-10-22 15:01 | Report Abuse

Gloves will still be profitable but future profits only around 100Mil @ div 2-3sen per QR

Many stuck above rm5 @ div yield 0.6%/qr + capital loss 50%-85%..thats horrific

Posted by MoneyMakers > 2021-10-22 15:02 | Report Abuse

Supermx got no cash 4 shareholders @ alrdy announce 3.6Bil for US factory/capex..cash all gone

Posted by oskchoon > 2021-10-22 15:03 | Report Abuse

Today, RSS Shorties learn a good lesson by dumping Supermax shares yesterday and now they are unable to buy back all the borrowed shares, but next Monday, they will loose a lot of money to buy expensive Supermax by next week to cover their..

Posted by oskchoon > 2021-10-22 15:05 | Report Abuse

Today instead, these RSS Shorties group targeted Banking Tech, telecom, and others but definitely not Glove sectors.. Hahaha..

Posted by MoneyMakers > 2021-10-22 15:05 | Report Abuse

Prepandemic ASP = prepandemic profits = prepandemic EPS = prepandemic share price (65sen)..simple golden rule

Posted by MoneyMakers > 2021-10-22 15:06 | Report Abuse

Once drop to 65sen, dont dream to ever go above rm1 again

In past 10 yrs, price only go above rm1 once for short while & fall str8 down again