now people expect glove companies to go bankrupt after covid pandemic.

so glove would only get its real true value after the pandemic.

I'm more interest in EV supporting industry rather than EV.

With all major automobile maker chasing the EV space, with GM, Ford, VW all spending Billions to upgrade and refit their factory.

There is a big demand for machinery and capital equipment. You know just like how schlumberger is the supporting player for those O&G exploration boom in the oil heydays.

Just use your calculator and you already know can buy or not.

If ASP start tanking now to below $50, slowly towards $30 around year end, then you can kiss glove goodbye already. It doesnt matter how much capacity you have because when it is all over, there will be tonnes of excess capacity. Just a note, pre covid utilisation rate of most glove makers is just around 60-70%.

Supermax is kinda easy to calculate what. 26b gloves annually... 48b by end of 2022.

Q2 supposedly 26b x $0.09 (USD90 per 1000) x RM4.1 x 1/4 (Q2 2021) = almost RM2.4b
But they reported 2b... ok...maybe like they said, kena close down due to covid not working, so lower output.

Next quarter ASP how much then? if average $80 (since they said January is highest at $90), then

26b x $0.08 x RM4.1 x 1/4 = RM2.13b revenue (wait n see)

If starting 2022 ASP drop to $30 for example

26b x $0.03 x RM4.1 x 1/4 = 800m revenue

Lets said Supermax is really fast and managed to install another 5b capacity in the next 6 months...

31b x $0.03 x RM4.1 x 1/4 = 953m

Profit margin berapa? Most indicator said glove price now = 4x pre covid. Precovid $22.5, profit are shitty. None of them are making a billion a year, let alone a billion a quarter.

Somehow remembered gark when being a silent reader last time
He was quite well verse and gung-ho on plantation counter
Maybe he retired rich for good

Holding on bagholding so many stocks!

when will bursa recovers from this?

Wow look at bitcoin. Dropped to 40k already. Market crashing soon?

What I am afraid is the economy crisis given the inflation rate

wah sai sea of blood, mydin announcement scare everyone. good time to buy now.

time to pick up bargain

I yesterday noticed Malaysia stock market is around the same level as in June 2020. Many stock markets are now far higher than in June 2020.

I guess the big problem here is the foreign selling for the past few years.
Is there still hope for the Malaysia stock market?

Any bearish news globally except for malaysia?
only HSI very bearish recently

well, market can choose to stay irrational for a very long time
Perfect recipe for disaster

what could make KLCI go down further?

CPO. SIME,PPB,IOI,KLK,Hapseng. they are the KLCI supporter now. do note CPO is still on the high side

If u calc Whole Plantation's latest PE and compared it with it's Last 4Q, you will notice latest PE about 9.7% higher, indicating plantation growth is -9.7%, negative growth sectors should be avoided. Such info is already available publicly average 43 days ago.

and that's how to read the chart to the right side, not to the left. I don't have to be in the industry to know this, don't try to interpret what is not there.

high CPO price does not translate to high earning because this is stock and you are not trading the futures, hope i've solved your mystery that has been bugging u.

CPO double, but cooking oil is not rising as same magnitude
Plantation companies have also refining business, mostly have.

They gain on CPO if sell CPO, but not good for its refining segment profit.
So total profit not rise as same as CPO.
+ rising cost of fertilizer due to hike in petrochem product
+ shortage worker, rising labour cost.

So it is not the same with glove blooming.

and then if you see.... planters like HSPLant...



for me... all i see is the lumpy and inconsistent earnings...

would I want to bet on this one?

And this is HSPlant chart...



for a stock it has already done pretty darn well since a year ago...

bursa is finally green today.

nobody's happy?!

No posting for >19 hours on trading days reflect /k sentiment on bursa.

occasional rain in drought is certain to bring a change in mood.

The counter argument is that the current regulatory intervention is short term negative but long term will make the sector more sustainable.

China tech adoption is not turning back n will continue to grow. In addition, the push  to reform from manufacturing export economy to one of domestic consumer services will also continue. These are long term trends and bullish tech sector.

Of course that's the bull story la.. It could be bs also. I won't be refinancing my house n putting into China tech.