profits are just one off, like one year HUGE PROFIT because malaysia was the main gloves manufacturer. now comes in competitors in the market which made the ASP dropped, their profit should stabilized not in billions but maybe 300-600m profit per quarter, if no corona outbreak disrupting their operating hours
No matter what, the world is in bad shape now. Covid surges everywhere n with the new variant more infectious than Delta, how one expect situation to be back to normal.
you see most commenters in this forums are traders not investors. long run yes i can see a price REBOUND, the problem no one knows when. cant keep going down will eventually reach a price where the boss say, I WILL DO THIS MYSELF, BUYS all their shares back reduce the free float and BAM you see 1 big rally retailers, investors, traders, bankers everyone going ALL IN
for now, will reach a point where boss TAK BOLEH TAHAN, i work my company so hard you guys go trash talk my company, making my share price drop. he will eventually do something
Supermx net short position is 0.56% 15m shares left (1m/day,15 days left) , the lowest short position of the big4. I believe the net short position will clear to 0% by end of year Dec 2021.
Ok, I am almost completely out, except a few bonus odd shares which I am keeping, since they are free and I have been with supermax since the early 2000s after latexx was taken private. Will re-enter once it drops below RM1 (pre bonus RM2).
Why force yourself to be happy though unhappy? No doubt investment may win or loss sometimes. But what excitement can one expect from a downtrend counter? Not until everything has settled down, Supermax is still in gloomy. Ask yourself these main questions. Has the US CBP's WRO resolved? Is ASPs going up? What challenge is this company facing? Many more..
Most of these analyst work for IBs. They have underlying interest.
Market is always forward looking. Therefore look forward 6 months with Omicron being the dominant variant which can evade vaccines, highly transmittable, causing hospitalisation and even now death.
More and more vaccination doses every year as vaccines are waning. CEO of Pfizer and Biontech have already said that Covid 19 jabs likely to be required every year.
Now in the USA, UK, Europe, Australia, etc - gloves are being used for vaccination due to Omicron transmissibility. Also more tests in airports, work places, schools, etc. Hospitalization increase etc. Glove demand will improve drastically and ASP will begin to rise.
If I am the boss, I let free fall lol as long as I keep improving to earn profit more than pre-pandemic level as logically should be expecting 10% growth to sales but supermax got ban from US....
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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....
Taipan
1,139 posts
Posted by Taipan > 2021-12-14 09:02 | Report Abuse
Booster jabs are the same as 1st and 2nd dose. Its a repeat jab.