Surge? How many time one got cheated by Stanley? Whenever this kind of news published, the share price up a little for a while, and then drops even more.
If a so called sifu is using super extraordinary earning period's EPS and guide the share price with their usual PE, this kind of sifu better you run away as far as possible.
It does not matter how many times Supermax published how it has improved the labour welfare issues. Question is when can the CBP ban be lifted. How about the internal issue, had it been resolved? Once bitten, twice shy.
I actually miss all the glove fun and also the author of learning from his uncle who was a fund manager which I remember I advise him to write his own thought rather than his uncle opinion.
Anyhow I have fun with Philip for selling his Topglove too early and buying back Harta on it way down too early.
Freetospeak is great. I ride wave because of his vision! But start to warn people since rm24 pre split.. glove will be stagnant soon , technology is the new luxury , asp will be high hint hint ;)
All the Malaysia gloves companies bosses controlling more than 60% of global market should start working together to reduce supplies and push up ASP. Why sell more gloves and make more losses.. Buy own shares to support prices will not help.. Make no sense!!
Supermax's trend now be like -0.02 then +0.005, drop again -0.07 then +0.005, again -0.015, +0.005 and so on. Which is why you hardly see it moves up but down.
Let us all shareholders push the Big4 to form a glove cartel to manage over production, gloves ASP and innovation. Pass the msg to protect our investment. Unity brings prosperity indeed...
but man the share price is very tempting to enter again and again low already? bloody hell can go lower ... when you give up, sht will rebound/reversal like rocket
What I can say is so many uncertainties, do not enter first. Wait till you see the blue sky, which is still far to go. Many got trapped just because the low price is so tempting. But once entered, new low again, especially Supermax. Unless if you are confident to trade, else no point dumping money into this bottomless pit.
with a lot of vaccines availability to combat virus in the market , the demand for glove is not as great as you and me thought and the market is saturated with over supply now . More players are coming in to share the cake and flooding the Market with over supply to come....
The BIG 4 need to talk and settle the over supply asap. Cut production together as a group and increase ASP... Unity is prosperity. Demands for healthcare equipment still very high with extended covid pandemic due to more variants resistant to vaccine.
@investmalaysia618, some said tech stocks are over, plantation is over, glove is over, reits is over, so in your opinion what's definitely a win for rest of 2022?
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....
Knm_bottomed
1,122 posts
Posted by Knm_bottomed > 2022-06-24 12:14 | Report Abuse
Lookslike supermx going to surge next week