this investor126, must be those promoters who kept shorting gloves sector. now want retailers to move on and go chase high on other counters. so they can repeat the process of tricking retailers. you tell me how much more can supermx drop??? if big 4 drops below rm1, then those small players will be like HLT: 10C RUBEREX:20C CAREPLS/COMFORT : 40C got chance mah? use brain also know very low. people are mad only few reasons: 1) stucked high, didnt want to cutloss believing it will rebound 2) didnt get to buy low, not sure to enter or not. hence create fear 3) shorties got no stocks to short hahaha. afraid to short semi-conductor counters
gloves rally is indeed over. now its bad to normal market play 1) technical analysis 2) fundamental analysis 3) hope analysis no more news to announce then use 1 of the 3 at top, thats what malaysian loves to do.
like how there are still people who buy pn17 counters because of "hope" then theres people who buy on reversal trend because of charts theres those who invest because of fundamentals.
hoot9e996, whatever la. I never promote anything here. I'm just giving advises not the suitable time to enter yet. No one is stopping you to live in your own self delusional world, but stop complaining later when you realised something. Hope you are happy later.
it's no nice to say "Congratulation who come to bought at Rm 1.2....."@mini2021 feel u "drop down a stone on the man who has fallen into a well "add to the misfortunes of a man who is already unfortunate to buy at RM1.20...today already dropped 3 cents
Have a thought yourself why should you stuck your money here. This is just the tip of the iceberg. I do not meant to spread fear here but to raise your alert. The truth will always hurt.
The building of US glove factory was delayed becuz no way US would approve a company with active ban on force labour. Very obvious there is some positive negotiation between US gov and Supermax to uplift the ban in Q2 2022. So the timeline is just nice for the construction to start in Q2. You will have expedite clearance if u are investing USD350mil and create jobs to jobless americans.
Anyone has any comments for the US glove factory. Currently, Supermax earnings are mostly in Msia, earning rm47mil on revenue of rm523 mil for Q2 based on ASP of USD25 per1k and minimum wage of RM1.2k pm.
In US, minimum wage is USD11.25 per hr , that will be USD1,980 ($11.25x8 hrs x 22 days), making assumption only weekdays.
Besides that, utility bills are so much higher in US than in Msia, don't see the glove factory in US making much profit other than savings from the logistical point of view. If the US factory produces Latex, cost of importing it from Msia will be expensive. It's better for them to produce only Nitrile glove in the US factory.
congratulation who bought at Rm 1.2....... is time to cut lose now...1.17 later will drop back to 1.10 ....must cut when down trend start...faster cut...
I SEE MANY USA LOVERS HERE. DO YOU GUYS KNOW WHO ELSE HAS A BUSINESS IN AMERICA THE LAND OF THE FREE ! YES YOU GUESSED IT GENTING (3182) ! USD 4.3 BILLION RESORTS WORLD LAS VEGAS ! WELCOME ALL GLOVE LOVERS TO GENTING WITH OPEN ARMS
After forced labor on palm oil Plantation and gloves maker, now tarriff on solar import. After us bullied China, Iran, Russia, now ASEAN including Malaysia.
Supermx is the 4 Glove king producer, due to the ban recently, price crashed to the lower point, it is now on recovery path, furthermore the US plant may capture more business in that region. Expect will slowly & surely move upward. My Tp 1.30…1.4…..1.6
man sometimes i wonder why no go back to 1.5 range..... a bit sad, here only 20% increase while ruberex already 70% increase TG only 17%..... man sometimes need to play cheap counters haha
@hoot9e996 one man’s meat is another man’s poison...tastes differ u can go buy ruberex and make huge profit but i perfect super, even just move up 20% . anyway thanks for ur advice!
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....
hoot9e996
1,813 posts
Posted by hoot9e996 > 2022-03-28 21:22 | Report Abuse
this investor126, must be those promoters who kept shorting gloves sector.
now want retailers to move on and go chase high on other counters. so they can repeat the process of tricking retailers.
you tell me how much more can supermx drop???
if big 4 drops below rm1, then those small players will be like
HLT: 10C RUBEREX:20C CAREPLS/COMFORT : 40C
got chance mah? use brain also know very low.
people are mad only few reasons:
1) stucked high, didnt want to cutloss believing it will rebound
2) didnt get to buy low, not sure to enter or not. hence create fear
3) shorties got no stocks to short hahaha. afraid to short semi-conductor counters