Posted by kbtsyl68 > 2021-11-23 22:00 | Report Abuse

Short sellers also slowly exiting short selling as their cerita dongeng cannot con remainder glove investors. In additions glove investors keep the buying momentum as they short sell. Tomorrow unlikely any lelong sales.

Posted by freddiehero > 2021-11-23 22:24 | Report Abuse

is it superman?

Posted by Start_0f_the_bull > 2021-11-23 22:38 | Report Abuse

No it is the bird. Tomorrow fly.

Posted by ToneeFa > 2021-11-23 23:00 |

Post removed.Why?

Posted by MoneyMakers > 2021-11-23 23:39 | Report Abuse

Hiaptek cannot replace supermx..where else can find billion profit company that drop from rm12-rm1.7 (85% bloodbath)

Sounds ridiculous but true story..truly historic bubble

Posted by MoneyMakers > 2021-11-23 23:43 | Report Abuse

Unfortunately glove ride almost over..coming Dec massacre prob last push down to rm1.5-rm1.2 range..then fair game

Posted by kbtsyl68 > 2021-11-24 00:05 | Report Abuse

Other investors waiting for 65 cents. I am more happy to buy at below 1.70.

Posted by sharemarket21 > 2021-11-24 00:14 | Report Abuse

Able to predict this stock accurately is like single handed down the whole sector. What else need to prove ? Disastrous stock price but it's all alright if you have cashed out early days. Congrats to those who have escaped several opportunities and perhaps waiting for the right timing to buy back now. It ain't over yet until the fat lad said so.. Welcome to the K factor stock market.

Posted by BoomBerg > 2021-11-24 01:29 | Report Abuse

MQ Research Initiates Coverage on Malaysia Gloves
Author: kltrader Publish date: Mon, 22 Nov 2021, 3:03 PM
Close
Macquarie Equities Research (MQ Research) initiates coverage on the Malaysia gloves sector, with a view that the glove manufacturers have production cost advantages over its China peers and any newer entrants. Although average selling price uncertainty lingers, valuations have turned attractive with all three glove makers trading at EV/share below pre-pandemic levels.

MQ Research names Kossan as its top pick within the sector. Read on for MQ Research’s order of preference and target prices in an excerpt of the report dated 19 November 2021. Also, check out the associated Macquarie warrants over the glove names below.

Negatives Are Priced in
Incoming China glove supply threatens Malaysian manufacturers’ market share. However, MQ Research believes these negatives are priced in as share prices have now fallen 70-75% from pandemic highs. MQ Research believes large-cap Malaysia glove makers have a 25-35% production-cost advantage over China peers. MQ Research initiates on Malaysia’s glove manufacturers as valuations turn attractive despite average selling prices (ASP) in flux. All three glove makers in MQ Research’s coverage are trading at an enterprise value per share (EV/share) below pre-pandemic levels. If shares decline a further 10-15% - which MQ Research believes to be the absolute bottom – MQ Research sees an attractive entry point. ASPs are quickly declining (currently US$35-40 vs. mid-21 US$85-90 per ‘000 pieces), and MQ Research’s top pick Kossan’s differentiated product mix shields it from potential global oversupply. Kossan is trading at a steep discount to peers (post-pandemic PER discount to TopG/Hartalega of ~15%/ 50%) and at about half their pre-pandemic EV/share.

Production cost advantage over China/new entrants
China: MQ Research estimates that China glove manufacturers currently have 25-35% higher production costs vs. large-scale Malaysia manufacturers due to higher fuel and labour costs. If global oversupply occurs, and prices continue to decline, MQ Research believes Malaysian large-scale manufacturers will be the last to turn unprofitable. However, MQ Research expects China producers to continue to add capacity until costs normalise despite downward pressure on margins.

New entrants: MQ Research expects newer entrants in glove manufacturing to quickly become unprofitable as ASPs dive below production cost. Newer glove producers have an estimated production cost of US$35-40 per ‘000 pieces (vs. existing players of US$20-23). MQ Research believes newer players will either abandon expansion plans or exit the industry altogether.

Posted by Knm_bottomed > 2021-11-24 09:27 | Report Abuse

Should be 1.93 today

Posted by Habisgl0v3333 > 2021-11-24 09:58 | Report Abuse

No power.. like grandpa half past six

Posted by Condom004 > 2021-11-24 10:00 | Report Abuse

https://www.orientaldaily.com.my/news/international/2021/11/24/451787?fbclid=IwAR0kzmEwf4b0VDsDXL39cE4yQL355qTWP9B7SZruyWlWHd3MO_En7kDqmfc

Posted by investmalaysia7777 > 2021-11-24 10:44 | Report Abuse

endgame

Posted by investmalaysia7777 > 2021-11-24 10:44 | Report Abuse

good luck glovers. your money is going to stuck for many years

Posted by monetary > 2021-11-24 11:02 | Report Abuse

once short sellers exited gloves become low volume dead stocks for a long time. only being used as platform by sharks to boost retailers' participation in klse.

Posted by investmalaysia7777 > 2021-11-24 11:03 | Report Abuse

exactly. sharks earn few cents also cukup makan. can see from previous pattern. when up abit retailers spoke sendiri

Posted by Benhobenhobenho > 2021-11-24 11:04 | Report Abuse

@investmalaysia7777 , u might as well be a fortune teller since u can predict the future

Posted by Start_0f_the_bull > 2021-11-24 11:14 | Report Abuse

More and more people starting to take it lightly thinking that covid-19 is already over with vaccination and booster shots.
What we can see here some shops the thermometer are no longer functioning, also seeing people on the streets their masks are not worn correctly and some no longer abiding to SOP.
Very disappointing indeed.

Posted by Start_0f_the_bull > 2021-11-24 11:19 | Report Abuse

Benhobenhobenho @investmalaysia7777 , u might as well be a fortune teller since u can predict the future
24/11/2021 11:04 AM

You can hardly find this guy has any positive comment in other forums as well. No need to entertain him too much.

Posted by Dcmh > 2021-11-24 11:31 | Report Abuse

Cases continue to surge in us and Europe
Asp and demand also surged

Posted by Dcmh > 2021-11-24 11:32 | Report Abuse

Unbelievable pe of 2 &3

Posted by ToneeFa > 2021-11-24 11:36 | Report Abuse

@Knm_bottomed Should be 1.93 today
24/11/2021 9:27 AM

Wow wow, that's my current breakeven price. Really hope can happen.

Posted by ToneeFa > 2021-11-24 11:39 | Report Abuse

@shareinvestor888 Outcome from UK Government’s ongoing investigations is very important…. contract over £300 million could be at stake
24/11/2021 1:50 AM

When they realized Andy Hall method of investigation is questionable and biased, then everyone will come to their senses.

Posted by Start_0f_the_bull > 2021-11-24 11:55 | Report Abuse

Investmalaysia7777 good luck glovers. your money is going to stuck for many years
24/11/2021 10:44 AM
-----------------------------------------
At least MM is stuck in Hiap Teck, you stuck in where?

Posted by somo1 > 2021-11-24 11:56 | Report Abuse

It's all political. They've already have the conclusion. ...

Posted by Legend > 2021-11-24 12:00 | Report Abuse

UK probing Supermax over forced labour allegations
KUALA LUMPUR (Nov 24): The UK government has launched an investigation into one of its National Health Service's (NHS) main suppliers of personal protective equipment — Supermax Corp Bhd, over allegations of forced labour.

Citing officials at the UK Department for Business, Energy and Industrial Strategy (BEIS), the Guardian earlier this week reported that they are investigating Supermax, which won a £316 million (RM1.78 billion) contract for 88.5 million rubber gloves amid the Covid-19 pandemic.

The investigation comes one month after the US Customs and Border Protection (CBP) said it would detain imports of disposable gloves produced by Supermax on forced labour allegations.

According to the Guardian, the UK government has initiated its own inquiry after Jeremy Purvis, a Liberal Democrat peer, demanded scrutiny of Supermax and action to ensure that products made using modern slavery are not used in Britain.

“We take allegations of this nature very seriously and we are investigating the claims made against Supermax. We have made strong commitments to eradicate modern slavery from all contracts in the government supply chain,” the Guardian reported a government spokesperson as saying.

The report said the government made clear that the investigation could lead to Supermax being banned from supplying the NHS.

“A proper due diligence process is carried out for all government contracts and our suppliers are required to follow the highest legal and ethical standards. If they fail to do so we will remove them from current and future contracts,” the report cited the spokesperson as saying.

The Guardian said Supermax did not respond to requests to respond.

At 10.35am, Supermax was unchanged at RM1.75, valuing the group at RM4.63 billion. Year-to-date, the counter has tumbled 68.42%.

Posted by Sneakpeek > 2021-11-24 12:04 | Report Abuse

Fuhhhh..bad news keep coming non stop

Posted by Legend > 2021-11-24 12:05 | Report Abuse

KUALA LUMPUR, Nov 24 — Many people in the country aged between 30 and 45 will go bankrupt next year when most of the government aid packages end, according to the Malaysian Association of Borrowers and Consumers Solution (4PM).

Posted by Condom004 > 2021-11-24 12:09 | Report Abuse

Supermax pattern is bad news spread many..then sendiri collect,after that settle

Posted by GlovesOff > 2021-11-24 12:11 | Report Abuse

the NHS good news toufoofa promoted/anticipated months back? haha
**********************
KUALA LUMPUR (Nov 24): The UK government has launched an investigation into one of its National Health Service's (NHS) main suppliers of personal protective equipment — Supermax Corp Bhd, over allegations of forced labour.

Posted by Sneakpeek > 2021-11-24 12:17 | Report Abuse

Soon other euro countries will launch their own probe..

Posted by Ryan83 > 2021-11-24 12:17 | Report Abuse

Disaster for Supermax if all top 3 buyers US,UK and Canada ban Supermax glove and coming QR release February next year will be very worse

Posted by Abba84 > 2021-11-24 12:50 | Report Abuse

The boss needs to find answers t thes allegations n investigate al their recruitment processes!

Posted by canbuyla > 2021-11-24 13:12 | Report Abuse

anyone knows what price Stanley will privatise ? pls share

Posted by Condom004 > 2021-11-24 13:32 | Report Abuse

Hoot 9 e

Posted by Investoz88 > 2021-11-24 13:34 | Report Abuse

Glove reached bottom and trend back up.
Ban news are being recycled.. should be discounted long ago.
After profit taking, Supermax will reach for the sky..

Posted by Condom004 > 2021-11-24 13:41 | Report Abuse

Ban news show that Supermax business& network really strong..not tin kosong company

Posted by Condom004 > 2021-11-24 13:50 | Report Abuse

赚超過亿的公司反而怕以Rm1.7股价进场？

Posted by beso > 2021-11-24 13:51 | Report Abuse

美国先开枪加拿大跟着开枪英国也开枪了，还没有完的，后面陆续有来，所有手套厂商都会中的，等着看。lol

Posted by Sneakpeek > 2021-11-24 14:19 | Report Abuse

What recycle laa last month US CBP news now NHS UK..where got recycle..the only recycle are glover denial

Posted by MoneyMakers > 2021-11-24 14:20 | Report Abuse

As usual, baghodlers spin news to comfort ownself instead of facing reality @ possible UK ban

Posted by Start_0f_the_bull > 2021-11-24 14:29 | Report Abuse

I think the bosses should emphasize on the ESG issues or explore any alternative since the CBP issue is rolling over to two continents now. Looks like the share price free fall is inevitable. Once the issues are solved the share price should recover after that.

Posted by Condom004 > 2021-11-24 14:38 | Report Abuse

1 USD convert Rm4.21 now...出口股 疫情股

Posted by Daydreamer4698 > 2021-11-24 15:00 | Report Abuse

later EU will probe, more it comes, greater for spx future. If supermx the tin kosong, let it sink.. if not... great benefits from the free publicity..

Posted by Benhobenhobenho > 2021-11-24 15:24 | Report Abuse

What is our govt doing to protect local companies in this esg issues. So much damage had been done to the businesses of glove n plantation companies because of esg issues, yet govt seemed to be quiet about these. They only know how to collect taxes n more taxes but did nothing to help. It's time the govt liase with the foreign countries about the esg issues.

Posted by Knm_bottomed > 2021-11-24 15:59 | Report Abuse

Last call last call. Bull train about to go! Choo choo

Posted by kbtsyl68 > 2021-11-24 16:03 | Report Abuse

The labour issues mainly due to those foreign labours holding the export company to ransom by declaring they are suppressed in order to get compensation from the company. My customer providing services also faced similar issues and my customer choose to terminate the contract with the Japanese customer and sent all the foreign labour allocated to the Japanese customer back. Then they appeal not to sent back . My customer send a clear signal to the foreign workers to tell the truth and not holding the company to ransom .

Posted by MoneyMakers > 2021-11-24 16:16 | Report Abuse

Walao caught use forced labor then want gov protection..really mental problem

Posted by Ryan83 > 2021-11-24 16:52 | Report Abuse

Supermax and Kossan closing red but Hartalega and Top Glove closing green...Waiting for Top Glove QR release another 2 weeks

Posted by Investor126 > 2021-11-24 16:55 | Report Abuse

Yesterday closed at +0.05, today closed at -0.05.
The trap still moves on. Beware of it.