Posted by jasonor > 2021-12-14 15:47 | Report Abuse

Posted by StartOfTheBull > Dec 14, 2021 3:16 PM | Report Abuse

It is SM leading the fall this time.
------------------
u know why? because during mco, alot new retailers joined the market. they all happily ride the bull after the march 2020. but they did not know much about how the market works. so now spmx got the biggest retailers, so alot stale bulls. in bear trend, these stale bulls will sell at any opportunity.

disclaimer: i have 0 spmx shares

Posted by hoot9e996 > 2021-12-14 15:48 | Report Abuse

thats actually good point @ken2004
company go public to raise funds, share prices are there for them to be able to raise funds through public means. supermax doesnt need to raise fund for new factories etc because it is cash rich. it just need to proof that it has growth in their business.

Posted by Biliskecil > 2021-12-14 15:56 | Report Abuse

Any believers still around?

Posted by investmalaysia618 > 2021-12-14 16:00 | Report Abuse

believers kena slapped in the face for the whole 2021 kikiki

Posted by hoot9e996 > 2021-12-14 16:06 | Report Abuse

i bought some 1.27, believing in TG wont break rm2 and minor rebound maybe. its only TG and supermx kena hantam kuat kuat

Posted by Jason85 > 2021-12-14 16:15 | Report Abuse

1.27 got shark guard there oh.. If break another story

Posted by hoot9e996 > 2021-12-14 16:15 | Report Abuse

actually now i looked at it
it dropped 90% from its all time high 11 - 1.3
it dropped 80% from yearly high 7 - 1.3

wow those who didnt cutloss really kena if they held until now, everday see account red wow i cant imagine all the auntie uncle who held on hoping for another rally.

diamond hand TP 2 !!! hold on!! be strong!!

Posted by Benhobenhobenho > 2021-12-14 16:17 | Report Abuse

https://www.reuters.com/world/uk/omicron-be-dominant-variant-london-next-48-hours-health-minister-2021-12-13/

Posted by sharemarket21 > 2021-12-14 16:19 | Report Abuse

As expected imminent overall Bursa correction in staggered when Covid-19 recovering. Weakest linked stocks will be wiped out first. Still nimble in play only for next year real market if there is one. Margin call soon..

Posted by Rockers > 2021-12-14 16:20 | Report Abuse

MOS know 33 % , Can all in

Posted by Rockers > 2021-12-14 16:26 | Report Abuse

I believe operators too rich to sell at super low price . So margin players be aware. A super rich operators

Posted by amateurJR > 2021-12-14 16:31 | Report Abuse

Missing freetospeak who always prays for Covid and death rate keep increasing. Wish him learns a valuable lesson about life

Posted by Timercheng > 2021-12-14 16:43 | Report Abuse

Many retail players including me , never believe such a good company n cash rich can drop so low almost 98 % from peak. This indicate Syndicates are so powerful to manipulate the price. Pity those players with no holding power

Posted by Youngkid > 2021-12-14 16:47 | Report Abuse

Don't worry Bro! , just enjoy the coming cash dividend n share dividend lol!

Posted by Anaconder > 2021-12-14 16:52 | Report Abuse

Will top up more if cash dividend came

Posted by amateurJR > 2021-12-14 16:56 | Report Abuse

Haha this kind of lapsap dividend u wan top up more? There are better dividend companies out there

Posted by MoneyMakers > 2021-12-14 16:56 |

Post removed.Why?

Posted by MoneyMakers > 2021-12-14 16:58 | Report Abuse

Ding3 1.30 new low closing..just 2days till friday xdate bloodbath!!

Posted by DJoker89 > 2021-12-14 17:01 |

Post removed.Why?

Posted by hoot9e996 > 2021-12-14 17:03 | Report Abuse

more likely how it went up, a lot of new "traders" came in during gloves rally, retailers who newly entered had cash in hand helped to push the price high along with operators.
operators held most of the shares sold to retailers after the price peaked. retailers had no funds to maintain, hence comes short selling. operators earn both, rally and short sell. now see if they want to push up price again pity us retailers.

Posted by Biliskecil > 2021-12-14 17:06 | Report Abuse

Freetospeak sifu already cut lose and move on.. or his job at here enticing newbie to grab knife is done.. he won’t appear anymore

Posted by monetary > 2021-12-14 17:08 | Report Abuse

I won't touch until next Qr. I want to see how much cash left.

Posted by monetary > 2021-12-14 17:16 | Report Abuse

u guys just pray the cash is still there. without the cash it will b another kossan or harta

Posted by NatsukoMishima > 2021-12-14 17:20 | Report Abuse

Die die all the fans support rm 1.30 ! Salute to u all !

Posted by see2sea > 2021-12-14 17:20 | Report Abuse

The end of Supermax..too much hype..pity those who pump in money to glove imitating Gamestop retailers..now really is stop.

No long term investors here, all are traders. Just becareful when they ask to to hold and buy

Posted by jacklimeu2 > 2021-12-14 18:28 | Report Abuse

Of course there are long term investors here. But if you have any common sense, you would have cashed out long ago. At this point, just wait for it to drop to normal pricing and re-enter.

Long term investors can also be trading when there are opportunities. Been doing that, but have now sold almost all my shares, and will wait for bottom to buy back.

Posted by citadel888 > 2021-12-14 18:29 |

Post removed.Why?

Posted by citadel888 > 2021-12-14 18:30 | Report Abuse

those hardcore supporters now also went missing

Posted by kuan1209 > 2021-12-14 18:30 | Report Abuse

Glove lovers should go for Kossan/Harta, both companies have grabbed the Top Glove and Supermax market share in US (that's a big market!), especially Kossan.

Kossan has dropped almost 30% below pre-covid (what a bargain along with the crazy 2B++ CASH!), although their QR is expected to be much better than peers.

As you can see, only Kossan's directors are actively purchasing the shares recently! Other Glove bosses just keep quiet only =(

MR LIM KUANG WANG 10-Dec-2021 Acquired 106,000
TAN SRI DATO' LIM KUANG SIA 10-Dec-2021 Acquired 500,000
MR LIM KUANG WANG 06-Dec-2021 Acquired 53,000
MR LIM KUANG YONG 25-Nov-2021 Acquired 100,000
MR LIM LENG BUNG 19-Nov-2021 Acquired 100,000
MR LIM KUANG WANG 18-Nov-2021 Acquired 51,000
MR LIM KUANG WANG 17-Nov-2021 Acquired 51,000
MR LIM KUANG WANG 15-Nov-2021 Acquired 100,000

Among the big 4, only Kossan closed green today, that's a good sign.

Posted by Ryan83 > 2021-12-14 19:41 | Report Abuse

All top 3 except Top Glove are very cash rich and management easily can use all their billions of cash to privatise their companies at current low price and delisted from Bursa.Each year these top 3 glove companies can still make at least few hundreds millions annually at ASP pre pandemic price

Posted by myinvestor > 2021-12-14 19:54 | Report Abuse

Covid19 hit major manufacturing province in China.

https://www.zawya.com/mena/en/business/story/COVID19_rattles_major_Chinese_manufacturing_province-TR20211214nL1N2SZ0ALX2/

Posted by Bullrunrun > 2021-12-14 20:12 | Report Abuse

Cash in hand RM 1.30 per share.

Now it is too much the price is RM 1.30

Dont tell me the company made lose le

I will buy in more to accumulate for the future

Posted by Habisgl0v3333 > 2021-12-14 20:19 | Report Abuse

Again, cash in hand doesn't mean future money earning potential.

Posted by Benhobenhobenho > 2021-12-14 20:26 | Report Abuse

https://www.channelnewsasia.com/commentary/omicron-variant-covid-19-vaccination-vaccines-pandemic-immunity-immune-system-2375821

Posted by Benhobenhobenho > 2021-12-14 20:29 | Report Abuse

With billions of cash, u can do wonders. Cash is king, u know! M&A, rto, expansion by building more factories, buy n update new machinery, diversify to new business, etc etc etc

Posted by paperplane > 2021-12-14 20:38 | Report Abuse

People worry it might not be able to sell in US anymorre?

Posted by kbtsyl68 > 2021-12-14 21:21 | Report Abuse

Smax results may badly affected in next two quarters due to the US banned. Us customers usually place 3 to six months order in advance. Unless the ban is lifted end of december, then maybe 3rd QTR will also be affected.
Look at TG results you can probably predict overall how long the ban effect on the order.
Although us ban for TG is uplifted in September, the order don't come immediately. Oct and November sales still has the effect of us ban.
However if you are holding for more than one year, current price is still a good buy. If you can buy lower, then is a bonus.

Posted by myinvestor > 2021-12-14 21:37 | Report Abuse

The Edge Billion Ringgit Club Corporate Awards 2021 list of winners

Healthcare
Highest return on equity over three years
Kossan Rubber Industries Bhd
Highest growth in profit after tax over three years
Kossan Rubber Industries Bhd
Highest returns to shareholders over three years
Supermax Corp Bhd

Posted by rr88 > 2021-12-14 21:38 | Report Abuse

Oh boy! In december last year covid-19 vaccine hit the market n sent glove stocks to icu. This december PAXLOVID pills will hit the market in 2 weeks time. Its the nail for glove stocks coffin n will send them to their grave.

Just like panadol. If you hv headache you take panadol n yr headache goes away. If you are down with covid-19, you take PAXLOVID and your covid goes away. Bcause it has been tested to be 90% effective against covid and against omicron.

Sell! Its on its way back to square 1 below 1.00 n move sideways for years. This is what happens during a bust of a great boom. It will be dead for years n years.

Posted by kevinobc > 2021-12-14 21:43 | Report Abuse

https://www.scmp.com/week-asia/health-environment/article/3159676/singapore-warns-potentially-big-wave-omicron

Posted by kevinobc > 2021-12-14 21:59 | Report Abuse

https://edition.cnn.com/2021/12/13/health/omicron-variant-mild-alarming/index.html

Posted by Benhobenhobenho > 2021-12-14 22:11 | Report Abuse

https://www.channelnewsasia.com/commentary/omicron-variant-delta-variant-covid-19-vaccine-pandemic-vaccinations-2375851

Posted by dianatrader > 2021-12-14 22:36 | Report Abuse

Harta with 0.00 movement
Supermax with 0.01 down

Slow day for both of them

Posted by MoneyMakers > 2021-12-14 22:46 | Report Abuse

After almost 3 weeks, S.Africa alrdy proven omicron very2 mild @ minimal hosp/death..they also no panic lockdown etc

Posted by MoneyMakers > 2021-12-14 22:53 | Report Abuse

Nothing can stop this friday supermx xdate bloodbath..then nxt friday TG xdate bloodbath

Expecting huge collapse by yr-end

Posted by Bullrunrun > 2021-12-15 08:43 | Report Abuse

Cash in hand Rm1.29 per share is cheap now
Option
1. Expansion
2. Acquisition.
3. Share buy back
4. Give shareholders 50 cents dividend per share ...

Posted by Ryan83 > 2021-12-15 08:43 | Report Abuse

Those top 3 gloves except Top Glove have billions of net cash and top management can privatise easily current low price using own cash and loan borrowings as the billions of net cash will belong to them after fully privatised.Annual net profits at least few hundred millions and annual growth of 8-10% very stable and profitable glove business.

Posted by kevinobc > 2021-12-15 09:36 | Report Abuse

https://www.bharian.com.my/dunia/eropah/2021/12/899133/jangkitan-omicron-uk-meningkat-200000-kes-sehari

Posted by Biliskecil > 2021-12-15 09:37 | Report Abuse

So after spending billions in privatizing, they still have balance in bank account after privatizing? Even if privatizing, do you think they will offer rm 10 per ticket from you ah? The most they offer you 65 send per ticket.. which is even lower than if u sell now.

Posted by Rockers > 2021-12-15 09:38 | Report Abuse

From Rm2.38 to now 1.31 a matter of 9 trading days, dropped of abt 78% , a severe drop by normal standard , see how powerful is the operators. So don't plays lol!