Posted by oskchoon > 2021-11-23 10:14 | Report Abuse

Imagine, a profit growth company like Supermax had already pay out 66 sens dividend in 2021 and now another 5 sens in January 2022, can you find any tech company or banks even Plantation stocks pay out so much dividend money to the share holders..

Posted by oskchoon > 2021-11-23 10:15 | Report Abuse

Cash on hands per share at RM 1.35 and you are buying at RM 1.70, it means you are paying only 35 sens for the international Glove business..

Posted by Start_0f_the_bull > 2021-11-23 10:20 | Report Abuse

The news was published on Sun 21 Nov 2021 08.56 GMT that is on 21 Nov 2021 4.56pm Sunday afternoon Malaysia time.
The outcome of the ongoing investigation will be another story after that.

Posted by Mini2021 > 2021-11-23 10:24 | Report Abuse

Supermx GG

Posted by Start_0f_the_bull > 2021-11-23 10:25 | Report Abuse

shareinvestor888 Last news from The Edge,

https://www.theedgemarkets.com/article/analysts-see-challenging-year-ahead-supermax-amid-headwinds

KAF TP 1.0
23/11/2021 10:16 AM
--------------------------------------------
This news is even older than theguardian.com news.

Posted by oskchoon > 2021-11-23 10:46 | Report Abuse

As long as Supermax keep on making profit every quarter and paying dividend, presently Covid-19 pandemic will not be over for the next few years, and Supermax will employ more locals to minimise the risk of false accusations by ILO..

Posted by Start_0f_the_bull > 2021-11-23 10:46 | Report Abuse

https://www.washingtonpost.com/world/2021/11/22/united-states-backsliding-democracies-list-first-time/

Posted by canbuyla > 2021-11-23 10:55 | Report Abuse

privatisation?

Posted by Start_0f_the_bull > 2021-11-23 11:09 | Report Abuse

This news was published on theguardian.com Sun 21 Nov 2021 08.56 GMT that is on 21 Nov 2021 4.56pm Sunday afternoon Malaysia time.
The outcome of the ongoing investigation will only be another story if there is any.

Posted by Ryan83 > 2021-11-23 11:16 | Report Abuse

Supermax share price still strong compares to Top Glove and Hartalega heavy selling pressure

Posted by sharemarket21 > 2021-11-23 11:21 | Report Abuse

And when you think 1.70 is the lowest and supporting level. The next thing you discover is far below your imagination. TG is giving in and next level might be following through. Some newbies shouting grab all 1.70 earlier ?? Soon it will becoming resistance. Hah..

Posted by Investor126 > 2021-11-23 11:22 | Report Abuse

Chart is showing strong downtrend. It will still hit new low coming soon.

Posted by Ryan83 > 2021-11-23 11:25 | Report Abuse

Now Supermax under heavy selling pressure after Top Glove and Hartalega next support 1.60-1.65 today

Posted by Investor126 > 2021-11-23 11:27 | Report Abuse

The current smokescreen is to trap more people in.
The operator will not push up for those trapped high above to exit.

Posted by rchi > 2021-11-23 11:30 | Report Abuse

This is just another boom n bust story.Biasa la.

Posted by Investor126 > 2021-11-23 11:34 | Report Abuse

What can be worst is the company is throwing their treasury shares to the public. Imagine holding a 100k units and getting another 3k plus units, how hurt that would be when the price plunges.
While you happily/ unhappily receive such share dividend, the company indeed the most happier.

Posted by warrenG > 2021-11-23 11:46 | Report Abuse

not buying support at all, RM1.2 TP

Posted by monetary > 2021-11-23 11:47 | Report Abuse

the most respected sifu conservatory once predicted fair value for sp is 3.3. Now 50% discount.

Posted by monetary > 2021-11-23 11:47 | Report Abuse

*observatory

Posted by Knm_bottomed > 2021-11-23 12:11 | Report Abuse

Not much selling even after break below 1.70. Just to flush weak hands only. Uptrend coming soon

Posted by Start_0f_the_bull > 2021-11-23 12:12 | Report Abuse

I remember one sifu said last week "if you buy gloves you need to wait for two years".

Posted by masterus > 2021-11-23 12:22 | Report Abuse

https://www.usatoday.com/story/news/health/2021/11/22/covid-death-toll-vaccine-mandate-united-states/8712846002/

Posted by masterus > 2021-11-23 12:23 | Report Abuse

https://www.euronews.com/2021/11/22/covid-19-spike-felt-across-europe-as-vaccination-remains-stagnant

Posted by masterus > 2021-11-23 12:30 | Report Abuse

EXCLUSIVE U.S. investigators question Goodyear Malaysia workers over labour practices

KUALA LUMPUR, Nov 23 (Reuters) - U.S. government investigators have interviewed workers at Goodyear Tire & Rubber Co's (GT.O) Malaysian factory about their working conditions, employees told Reuters, intensifying scrutiny of potential labour abuses by the tyre maker in the country.KUALA LUMPUR, Nov 23 (Reuters) - U.S. government investigators have interviewed workers at Goodyear Tire & Rubber Co's (GT.O) Malaysian factory about their working conditions, employees told Reuters, intensifying scrutiny of potential labour abuses by the tyre maker in the country.

Posted by MoneyMakers > 2021-11-23 12:31 | Report Abuse

Ding3 1.6x level unlocked

Looks like TG everyday red going to JPM TP 1.5..when TG drops, all will follow

Posted by MoneyMakers > 2021-11-23 12:31 | Report Abuse

Really bloody yr-end 4 gloves..Dec even worse @ expecting huge dump after div/treasury xdates

Posted by pjseow > 2021-11-23 12:56 | Report Abuse

When was his prediction? The licensed IBs predicted more than doubled his TP in May and June this year. Last year end , all IBs predicted more than RM 10 TP.

--------------
monetary the most respected sifu conservatory once predicted fair value for sp is 3.3. Now 50% discount.
23/11/2021 11:47 AM ,

monetary *observatory
23/11/2021 11:47 AM

Posted by Jason85 > 2021-11-23 13:11 | Report Abuse

Who keep cut loss now woh

Posted by Ryan83 > 2021-11-23 13:15 | Report Abuse

Downtrend continues as very bad sentiment persists waiting for UK government investigation report on Supermax labour issue

Posted by Start_0f_the_bull > 2021-11-23 14:10 | Report Abuse

If it only priced in two days later it means it is delayed reaction by investors, it is nothing to do with pathetic. Correct or not?

Posted by dianatrader > 2021-11-23 14:55 | Report Abuse

Kenanga still said it is good to hold.

Investment Strategy - FBMKLCI December 2021 Review
Source : KENANGA, Price Call : HOLD, Price Target : 2.15
Last Price : 1.68, Upside/Downside : +0.47(27.98%)

Posted by Investor126 > 2021-11-23 15:00 | Report Abuse

Date Open Price Target Price Upside/Downside Price Call Source
23/11/2021 1.70 2.15 +0.45 (26.47%) HOLD KENANGA
18/11/2021 1.78 1.95 +0.17 (9.55%) HOLD KENANGA
22/10/2021 2.04 2.15 +0.11 (5.39%) HOLD KENANGA
30/09/2021 2.37 2.35 -0.02 (0.84%) HOLD KENANGA
27/08/2021 3.15 5.00 +1.85 (58.73%) BUY KENANGA

Do not ever trust an IB. See how Kenanga revise their TP every time? In within 3 months, it has been revised 5 times. And their recommendation is still hold whenever the price plunges.

Posted by NatsukoMishima > 2021-11-23 15:17 | Report Abuse

Wow , USA ban , now UK also join , will EU join also ??? This time Malaysia gloves really need to lelong 1000 pcs for 10 USD or donate to Afica!

Posted by Benhobenhobenho > 2021-11-23 15:27 | Report Abuse

Useless malaysian govt, only know how to collect taxes but did nothing to liase with foreign countries to help with this ban issues

Posted by Start_0f_the_bull > 2021-11-23 15:36 | Report Abuse

One can't even differenciate between cum dividend, ex dividend and entitlement date still actively trying to be smart to comment here. LOL

Posted by Knm_bottomed > 2021-11-23 15:36 | Report Abuse

Back to 1.70. Flushing over. Rm6 in december

Posted by Knm_bottomed > 2021-11-23 15:37 | Report Abuse

Andy Hall think need to give every worker one terrace house

Posted by Ryan83 > 2021-11-23 16:17 | Report Abuse

Looks like short sellers buying back millions of shares today and will know by Bursa report tomorrow morning....Net short selling as of yesterday 1.09% or 29 millions shares

Posted by Knm_bottomed > 2021-11-23 16:20 | Report Abuse

Told you already

Posted by Rockers > 2021-11-23 16:37 | Report Abuse

Ha! ha! short seller kena roasted

Posted by Ryan83 > 2021-11-23 16:44 | Report Abuse

Short seller buying back Supermax shares at much lower prices very aggressively since last week and very likely net short position will reduce further to 0.5% by end of this week

Posted by Ryan83 > 2021-11-23 17:03 | Report Abuse

All gloves shares technical rebound closed green especially Kossan

Posted by MoneyMakers > 2021-11-23 17:05 | Report Abuse

Ding3 new low tagged @ 1.65..just waiting to break another low

Posted by Larn > 2021-11-23 17:12 | Report Abuse

lai lai lai my 65sen...waiting forever for my golden entry @ 65sen..where are you 65sen..

CBP 1.0, CBP 2.0, CBP x.0, Low ASP, China Competition, no profit, no money, no business, no hope, no future, Bloodbath, Massacre...bla bla bla..

ayooo...every day up and down just 2,3,4,5sen only...why bearish so weak??
forever waiting la like thiss..talk is cheap

Posted by MoneyMakers > 2021-11-23 17:30 | Report Abuse

Relax nxt week alrdy Dec @ div xdate..nxt bloodbath just around the corner

Posted by Larn > 2021-11-23 17:45 | Report Abuse

lai lai lai 65senn...

Posted by Loh Kok Wai W > 2021-11-23 20:58 | Report Abuse

Glove counters over sold already...can try some...n hold it.

Posted by Start_0f_the_bull > 2021-11-23 21:08 | Report Abuse

Malaysia 10 new clusters, global covid-19 surge, glove counters have dropped to very attractive prices, many non healthcare counters (except oil palm, energy and steel companies) are reporting disappointing quarter reports; the glove mood is likely to return.

Posted by Start_0f_the_bull > 2021-11-23 21:28 | Report Abuse

https://techcrunch.com/2021/11/19/vietnamese-carmaker-vinfast-plots-course-for-us-market-starting-with-two-electric-crossovers/

More EV makers are here to compete. Just like gloves more players now.

Posted by ToneeFa > 2021-11-23 21:54 | Report Abuse

@Loh Kok Wai W Glove counters over sold already...can try some...n hold it.
23/11/2021 8:58 PM

Yup, been buying today at 1.65-1.68 , to bring average closer to 1.90 now. Just waiting for Stanley to make his move later.