Posted by Rockers > 2021-11-10 10:48 | Report Abuse

When shorties cannot buy cheap he got to buy high , not only they paid borrowing interest but also paid share dividend when ex

Posted by Timercheng > 2021-11-10 10:50 | Report Abuse

Look like technical rebound in the making

Posted by Sansing > 2021-11-10 11:02 | Report Abuse

Only the strong holding power investors will be the winners

Posted by Maridien2 > 2021-11-10 11:05 | Report Abuse

No more cheap China gloves

China’s factory gate prices rose at the fastest pace in 26 years in October, beating forecasts and further squeezing profit margins for producers already grappling with soaring coal prices and other commodity costs due to a power crunch.

The producer price index (PPI) climbed 13.5 per cent from a year earlier, faster than the 10.7 per cent rise in September, the National Bureau of Statistics (NBS) said on Wednesday (Nov 10).

It matched a pace not seen since July 1995 and was faster than the 12.4 per cent forecast by analysts in a Reuters poll.

The jump was fuelled by higher raw material costs and factory production cuts, as government restrictions on carbon emissions and soaring prices of coal, a key fuel for electricity generation, led to power rationing.

https://www.straitstimes.com/business/economy/china-factory-gate-inflation-hits-26-year-high

Posted by Ryan83 > 2021-11-10 11:16 | Report Abuse

Minor rebound for Supermax after heavy sell off yesterday

Posted by mrinvestorteam > 2021-11-10 11:16 | Report Abuse

Could be the strategy from US…take this opportunity for Supermax to prove it’s points against force labour. Then no more question about Supermax’s glove on force labour. So the company can be added into their national supplier list.

Posted by myinvestor > 2021-11-10 11:17 | Report Abuse

Nitrile gloves ASP should bottom in the next 3-6 months at between USD25-USD30 level. We believe that ASP should bottom soon. Firstly, major glove producers have slowed down their expansion in the past 3 months. Secondly, there is sign that inefficient players have started to make loss. For example, Blue Sail Medical have registered net loss of RMB22.9m in 3Q2021 which we believe is due to the decline in ASP for gloves. Note that Blue Sail Medical is a major China gloves producer with estimated 5% market share of global medical gloves supply. Coupled with the scarcity of power supply in China as winter approach, we expect less competition from China at current low level of ASP at below USD35 per 1,000 pieces of nitrile gloves.

aminvest.

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

Shorty is king of bursa
Retailer u eat shit
Stay away from highly short stock.

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

Supermax got no strength to go higher. EPF and margin sellers will down this share soon. SS is waiting to push it slowly to 1.50 in matter of days

Posted by Knm_bottomed > 2021-11-10 12:11 | Report Abuse

Open gap up 2.50 coming

Posted by Maridien2 > 2021-11-10 12:26 | Report Abuse

Just wait agm in dec to approve sbb, price will go up soon.

Posted by MoneyMakers > 2021-11-10 12:27 | Report Abuse

Now gloves very erratic..some green some red..dont move together anymore

All depends when people decide cutloss

Posted by Maridien2 > 2021-11-10 12:40 | Report Abuse

Denmark ditched its Covid rules two months ago. Now it's joined other EU nations in mulling new restrictions

Two months ago, Denmark was riding high. The European nation lifted all remaining domestic coronavirus restrictions as the government declared Covid-19 was no longer "an illness which is a critical threat to society."

With a successful vaccine rollout in their back pocket, Danes essentially returned to pre-pandemic daily life. They visited nightclubs and restaurants without showing a "Covid passport," used public transport without having to wear a mask and met in large numbers without restrictions.

The optimism of mid-September has been short-lived.

Denmark, like many countries across Europe, is now considering whether to reinstate restrictions as the continent battles a surge of Covid-19 cases that has pushed the region back into the epicenter of the pandemic.

Large swathes of Europe are battling to beat back surges of the Delta variant amid the relaxation of restrictions and stuttering vaccine rollouts in some countries, with the WHO warning half a million Europeans could die of Covid-19 in a potentially devastating winter.

https://edition.cnn.com/2021/11/09/europe/denmark-restrictions-europe-covid-intl/index.html

Posted by Ron90 > 2021-11-10 12:44 | Report Abuse

below NAV, beli jer.. actually pandemic far form over.. mutation keep on coming and so far .. the trend getting virulent !!... ini pon satu data ler. unless the virus getting weaker, tahn we can happy, but its NOT !..and with 3.7 billion Ca$h .. and tambah lagi another few hundraed million in the coming 1-2 QR.. conform reach 4 billion one.

Posted by OnTime > 2021-11-10 12:53 | Report Abuse

northern hemisphere experiencing winter very soon. the prediction is this year is frigid cold (china already kena hit). we all know what that means for covid.

Posted by Knm_bottomed > 2021-11-10 12:54 | Report Abuse

Rm4 end of dec

Posted by OnTime > 2021-11-10 12:55 | Report Abuse

pandemic vs recovery stocks...no end in sight yet.

Posted by MoneyMakers > 2021-11-10 13:07 | Report Abuse

Bad fundamentals (low asp/profit, oversupply, china competition, CBP) now too obvious

No matter how glovers nonstop spin covid cases/NAV/sbb, people dont want gloves anymore

Posted by warrenG > 2021-11-10 13:37 | Report Abuse

there are reasons why directors keep selling before QR release, be careful..

Posted by Benhobenhobenho > 2021-11-10 15:14 | Report Abuse

Does Hong Seng have better fundamentals than the big 4 or have more cash reserves? But its share price flying high. If this is not manipulation, then I don't know what it is.

Posted by myinvestor > 2021-11-10 15:18 | Report Abuse

While local investors/IB run, the foreign investors pick up the more shares on 31/10/2021. They are increasing their stakes in SPMX shares recently. They knew something good value which we "dunno".
Total shares/value/changing
2.12% BlackRock, Inc. 55,597,408 /MYR95.1m/9.76% "US fund"
2.84% The Vanguard Group50,959,919/MYR87.1m/5.78% "US fund"
1.84% Geok Tan 48,153,191/MYR82.3m/1.35% "Stanley's wife"
0.58% Mackenzie Financial Corp 15,278,259/MYR26.1m/18.33% "Canadian fund"
0.39%The People's Bank of China 10,220,926/MYR17.5m/7.26% "China central bank"
0.27%abrdn plc 6,976,978/MYR11.9m/5.77% "UK investment fund"
0.26% AP Fonden 2 6,769,528/MYR11.6m/91.15%"Swedish pension fund"
0.26% Dimensional Fund Advisors L.P.6,683,827/MYR11.4m/18.3% "US fund

Posted by Sansing > 2021-11-10 15:20 | Report Abuse

High growth n cash rich company, why run ?

Posted by Investor126 > 2021-11-10 15:26 | Report Abuse

No doubt it is heavily manipulated. Problem is the short sell been repeating non stop. Those who short sell, bought back cheap again to replace then.
When this vicious cycle continues, the share price has already gone case.
Many investors might be interested to buy, but not keen to, due to this unforeseeable bottom. The moment they AD, the following day/ week, another new low appears.
To conclude in a simple way, without support, do not catch a falling knife.

Posted by UPlanet > 2021-11-10 15:29 | Report Abuse

I feel it’s time to buy or add… first batch 1.75, second batch 1.01? Third batch 0.25? All in. 0.05??? Or?

Posted by cwc1981 > 2021-11-10 15:48 | Report Abuse

UPlanet good strategy

Posted by cwc1981 > 2021-11-10 15:48 | Report Abuse

I follow

Posted by MoneyMakers > 2021-11-10 15:53 | Report Abuse

Whatever high growth can only support historically-proven share price 65sen

Posted by IronShirt > 2021-11-10 16:31 | Report Abuse

OnTime northern hemisphere experiencing winter very soon. the prediction is this year is frigid cold
_____________________________

With so many dead and knowledge about how covid is spread....Cold weather is now a blessing....
Covid spread by people thru saliva. In normal 30F cold weather we can actually SEE saliva
shooting Out of ones mouth...You can see thousand of people spraying Covid at You in Shopping
Mall and Restaurant....And you are Not afraid....I doubt

Posted by MoneyMakers > 2021-11-10 16:56 | Report Abuse

Small technical rebound..another day closer to QR massacre

Posted by Ryan83 > 2021-11-10 16:56 | Report Abuse

Minor rebound for Supermax 1.73 but Top Glove and Kossan closing new low 2.30 and 2.13

Posted by Bgt 9963 > 2021-11-10 17:18 | Report Abuse

Dead cat bounce !

Posted by NatsukoMishima > 2021-11-10 18:20 | Report Abuse

@Investor126 No doubt it is heavily manipulated. Problem is the short sell been repeating non stop. Those who short sell, bought back cheap again to replace then.
When this vicious cycle continues, the share price has already gone case.
Many investors might be interested to buy, but not keen to, due to this unforeseeable bottom. The moment they AD, the following day/ week, another new low appears.
To conclude in a simple way, without support, do not catch a falling knife.

______________________________________

This is no more RSS issue but this is the China Power shakering Malaysia gloves industry !
Majority shareholders are bilis retailers still dreaming , IB n EPF all run already ! Wake up now n look at the mask price u will know what s the meaning from net profits to net loss soon !

Posted by dianatrader > 2021-11-10 18:21 | Report Abuse

Eventhough it is green, i am still be cautious

Posted by cicakman > 2021-11-10 18:40 | Report Abuse

Runnnnnnnn.

Posted by RISK8888 > 2021-11-10 19:25 | Report Abuse

Harta 5bil cash mkt cap 19bil.?super 4bil cash mkt cap 4bil. Don’t buy bodoh lor. Sapu la, don’t be the last act!!!

Posted by Ryan83 > 2021-11-10 20:20 | Report Abuse

Waiting for Supermax QR release coming soon this month but profits should drop at least 50% similar to Hartalega and Kossan

Posted by JJchan > 2021-11-10 21:09 | Report Abuse

should look at revenue first. If there is growth, everything should self correct later.
Nothing Super can do with falling profit if ASP keeps falling

Posted by MoneyMakers > 2021-11-10 21:13 | Report Abuse

Come join the dark side..gloves no hope alrdy..no buying support at all

Posted by michaelgohmox > 2021-11-10 21:19 | Report Abuse

Long way to rm0.80 cents pre covid price
Have to be pre covid price cause 50% sales kena ban

Posted by RISK8888 > 2021-11-10 22:57 | Report Abuse

Aiyo, bottom price dy. why so worry. This ship full of cash! See airasia full of debt pun boleh fly. Ini ship, lagi drop lagi buy lor.

Posted by michaelgohmox > 2021-11-10 23:21 | Report Abuse

Bottom :)
Half way there

Posted by Knm_bottomed > 2021-11-11 05:39 | Report Abuse

US market crash. Funds will go into safe haven aka Gloves

Posted by skyu > 2021-11-11 06:41 | Report Abuse

gloves is safe heaven ? akaakakakak, what u some king while typing this ? u just pray the curse of rm 1.4 by moneymakers wont be reached today . he is so far the best curser i seen . don’t take him wrong, he claimed he is doing the good deed by protecting your money.

Posted by monetary > 2021-11-11 07:21 | Report Abuse

Leaving glove is not joining the dark side. It's setting yourself free from the dark side. Look back to your life since u are holding glove. Do u invest in peace of mind? Can u concentrate in what u do? Glove continues to give u false hope then disappoint u deeper. It's like giving u poison but telling u it's the cure for your sickness. If it doesn't plunge further down it'll drag on at bottom for a long time until u are traumatized!

Posted by monetary > 2021-11-11 07:23 | Report Abuse

Slowly channel your salvage to other more promising stocks. U can earn back what u lost slowly.

Posted by skyu > 2021-11-11 08:50 | Report Abuse

Monetary, i understand what is trying to say.. but at this price, rm 2.6, i thought is cheap, now at 1.7, i still think is undervalue. rm 5, i definitely think is expensive . this is my personal thinking, but i always wrong .

share price in 2016 to 2017 was around 2.4, with market capital around 2 billion, when the owner was charged with court case. during that period of time, competitive asp also a theme , not just nowadays, so is not a breaking news anymore.

their revenue and nett profit increase marginally quarter to quarter which is good . at today this time, they are at a better and stronger foothold.

gloves, undeniably , the demand will increase year to year. gloves innovation such as biodegradable and anti bacterial gloves will become a high demand product just like nitrile and taking over powdered latex .

wiorth to gamble at this low price? i don’t know, but i will gamble, but i also the one always guess wrongly

Posted by skyu > 2021-11-11 09:07 | Report Abuse

china blue sail at 9.8 billion myr market cap, riverstone at 3.5 billion myr , sri trang at 10.1 billion myr market cap.

Posted by GlovesOff > 2021-11-11 09:20 | Report Abuse

Aiyo ignore those ber billions la . Capital protection is paramount

MLM scammer said follow WB but never follow he's rule 1-3 "never lose money"

Posted by GlovesOff > 2021-11-11 09:22 | Report Abuse

11.11 sale mou ? Bankrupt until all singles day HAHAHA

Posted by Dannyfyl88 > 2021-11-11 09:27 | Report Abuse

Who else is waiting to buy like me? Got bullets waiting for a reload at a wonderful cheap ass price.