what people forget about gloves sector is the BOOM is gone, the peak year was 2020 when demand is more than supply. the future of gloves is only for the big companies who can sustain their profits with factory expansion.
it pains to me but there no sentiment for gloves sector unless foreign investor comes in then again if they come what can they do the gloves factory are already big. theres no place for growth for gloves sector other than increase production lacks R&D
Supermax is not comparable with TG, TG net asset valuations and cash position have been decreasing since last few quarters and currently only worth 0.70 per shares while Supermax current stock price RM1.4 is below their NAPS at RM1.9 , While Top Glove wasted lot of cash for buy backs which do nothing for the company valuations or their business, Supermax have been increasing their cash position and NAV in multifolds since last few quarters, improve their margin by cutting middle man etc...and they dont waste money on buying back shares but to expand their plants and buy more assets to grow their busines
be like rubberex director lol, glove rally go sell company shares then gloves at low do buy back. rally again omicron go sell shares again. easy money for the director smart of them but the investor trust is gone.
like top glove gloves rally, share buyback at high price people all promote long term all go holland in the end with huge paper loss.
supermx got 1 thing better than topglove, their share issued is 3x less than topglove if they go heavy on share buyback to reduce the free float price can stabilize. today panic only cause by TG result anyway be OPTIMISTIC !!!! H9E goodluck all i dont want to go holland alone
Last wk buyers using margin account better well prepare . Might further drop to Rm 1 or more to flush out recent the margin players who thought trend reversal last wk
Calvintaneng 43765 posts Posted by calvintaneng > Dec 10, 2021 4:08 PM | Report Abuse
Hi sifu Calvin thanks for the info on plantation currently got buy in Tsh cepat Tdm ,bplant and wtk but however I also buy in gloves for balancing my investment. Currently I also buy supermax and Kossan gao gao. Besides plantation and glove MAA 60sen , gkomsc 32sen , ioip , ioi willoe pensoni, insas, osk, evergreen also my investment. Because I find out if all in plantation too dangerous. But anyway I agreed your plantation views Last time see you advice on Mhc made me earn money. But Mhc I already profit taken as price too high, I xhge to low price like tsh wtk cepat bplant nsop ioi
China gloves are only in great demand by third world countries n not by countries like us, Canada, uk or other Western countries. China gloves are cheap n can sell in Africa, India n other third world countries
Hire foreigner cost become higher n higher after pandemic , plus they are whitleblower to Andy hall , this time glove sector really finish become net loss next year !
Posted by ivan9511 > Dec 10, 2021 4:21 PM | Report Abuse
Calvintaneng 43765 posts Posted by calvintaneng > Dec 10, 2021 4:08 PM | Report Abuse
Hi sifu Calvin thanks for the info on plantation currently got buy in Tsh cepat Tdm ,bplant and wtk but however I also buy in gloves for balancing my investment. Currently I also buy supermax and Kossan gao gao. Besides plantation and glove MAA 60sen , gkomsc 32sen , ioip , ioi willoe pensoni, insas, osk, evergreen also my investment. Because I find out if all in plantation too dangerous. But anyway I agreed your plantation views Last time see you advice on Mhc made me earn money. But Mhc I already profit taken as price too high, I xhge to low price like tsh wtk cepat bplant nsop ioi
Calvin very happy for you Ivan9511
Yes it is correct to take profit from MHC & switched to TSH That is what i did also
Just like masks made in Korea which is of high quality n durable but cost around rm8-10 per piece, yet they are in demand compared to china made gloves very cheap n appeal to the masses but of inferior quality. For developed countries, they will usually go for quality products coz they can afford n do not want to take a risk with their lives by using inferior masks
calvintaneng is another snake... I will sell all at the lowest price and i will show it on the board IF this snake can show me he has made a few millions form Bursa ( under his own name).. else listen calvintaneng .. * i just bought MBB 1000k shares just now.. and i will top up another 1000k at closing* wink wink* ( i am lying just like snake calvintaneng
Beautiful and wonderful results .Let all the new players in China and other countries quit the industry. Tg despite the significant drop 8n asp still can make 2 cents and give 1 cents dividend. Knowing very well the attitude of china businessman ,they will quit making glove just like what happen for mask in 2020. Keep the asp at current level for another QTR or lower is good enough to make all the new player quit. The glove investor meanwhile can collect at lower price.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NatsukoMishima
8,254 posts
Posted by NatsukoMishima > 2021-12-10 14:58 | Report Abuse
Vstecs qr div 1.5 better than tg !