my suggestion... TG, spmx... keep, trading too much costs way too much..

i m holding more now, less trading.

time to relax a bit, let the splits take effect.

if they close good today, tmr will see another run up.

Just sharing so we all get to make more sound decisions (if anyone is invested in gloves) as not all gloves counters are the same.

Net profit after tax/Q required for market consensus PE of 25 (which does not account for other factors such as ROE%):
Topglov - 866m
Supermx (Jun 30) - 312m (actual 399m), oveperformed by 28%, PE 25x = rm30.58
Harta (Jun 30)- 476 m (actual 217m), underperformed by 54%, PE 25x = rm6.49
Comfort - 151 m
Carepls - 87.92 m
Ruberex - 18.8 m
Kossan - 243.5 m
Source: https://www.theedgemarkets.com/article/how-...d-sustain-rally

We should also include other factors such as ROE into account,
Supermx = 103.64%
Harta = 32.44%

Generally, higher ROE justifies higher PE.
E.g Nestle 5y avg ROE 95%, PE 52
However, we should not compare Nestle with gloves, as Nestle can maintain its profitability after covid. Gloves most prolly can't (with reduction in ASP after 1-2 years - with the pre-book orders filled).
Just an example to show you that if ROE is extremely high, PE can go above 25 and is still considered fairly valued.

As of 11/8/2020, SUPERMX is the best buy. Will keep you guys updated here when other gloves' QR is out.

bro, can you like stop attaching your long winded research after almost every reply ah....gets annoying after a while la...

banks okay ker? feel like the mora thingy will come back and haunt ppl..

They resting, but KLSE keep rising. What the heck is being purchased?

Buy supermax or tg better now?

Just sharing so we all get to make more sound decisions (if anyone is invested in gloves) as not all gloves counters are the same.

Net profit after tax/Q required for market consensus PE of 25 (which does not account for other factors such as ROE%):
Topglov - 866m
Supermx (Jun 30) - 312m (actual 399m), oveperformed by 28%, PE 25x = rm30.58
Harta (Jun 30)- 476 m (actual 217m), underperformed by 54%, PE 25x = rm6.49
Comfort - 151 m
Carepls - 87.92 m
Ruberex - 18.8 m
Kossan - 243.5 m
Source: https://www.theedgemarkets.com/article/how-...d-sustain-rally

We should also include other factors such as ROE into account,
Supermx = 103.64%
Harta = 32.44%

Generally, higher ROE justifies higher PE.
E.g Nestle 5y avg ROE 95%, PE 52
However, we should not compare Nestle with gloves, as Nestle can maintain its profitability after covid. Gloves most prolly can't (with reduction in ASP after 1-2 years - with the pre-book orders filled).
Just an example to show you that if ROE is extremely high, PE can go above 25 and is still considered fairly valued.

Will keep you guys updated here when other gloves' QR is out.

Almost everyone agreed current explosive profit margin for glove is not sustainable.

But no analysts tell us when to sell, keep on raising TP only, buy continue buy buy non-stop?

When profit going down, share price won't go down?

Could be calm before the storm.

Should I sell my kossan since I suffer like 15% losses? May need your all advice now

Kossan should be back up soon. Note it will be under the MSCI list from Sept onwards, which is good news.

Buy low, sell high.

4 simple words. Until now, many investors/traders including myself do not understand the meaning of these words and how to apply them.

Scenario 1

When a share is trading for RM25.00, we say the price is too high. We confuse price with value. We don't buy.

When the share drops to RM20.00, we say this is scary. The price will drop further. We don't see it as a discount. We don't buy.

or

Scenario 2

When a share is trading for RM25.00 and continue to rise, we believe it will go higher. We start buying and chasing it.

When a share drops to RM20.00 and we bought it earlier at RM25.00, we don't dare to average down and we will sell it at a loss.

So, what is the correct approach? Until we figure out the correct approach for us, we are destined to lose money in the giant casino known as the stock market.

Finally, we confuse luck with skill. When we pick a stock and it goes up 10% or more in a day, we think we are the next Warren Buffett. We forget that we are just lucky to ride on the wave like everyone else. But nobody can win consistently everyday at the share market by depending on luck alone.

As usual, this is only my 2 cents view on behavioural investment. Perhaps some sifus here can share their views.

Banks gonna take a while to get going. Two (or one depending on which bank) bad QR reports coming. After the monotorium ends, then banks will start to look very nice.

Just read thedge news, property developer also venture into glove industry.

Bad news: Retailers confidence in gloves is shaken (gloves call warrants are fcked)
Good news: Gloves still have the largest percentage gain when compared to the big 3 banks. This means a lot of retailers have not switched from aggressive (gloves) to defensive (banks) mode.

Supermax: 3.18% (SUPERB QR2 outperforming market's expectations)
Topglov: 2.04% (UNKNOWN)
Harta : 2.73% (BAD QR2 underperforming market's expectations)
Kossan: 0% (UNKNOWN)

PBB: 2.3%
MBB: 1.96%
CIMB: 1.69%

The logic is simple.

There is no fix cheap or expensive for punter and trader. Cheap and expensive is relative.
When the price is going up, any price is cheap.
When the price is going down, any price is expensive.

or when the screen is
Green - cheap, buy buy buy (because prospect to be higher)
Red - Expensive, sell sell sell. (because prospect to go lower)

The profit for punteres comes from difference between buy and sell price, not related to cheap or expensive.

There is a big difference between investing and short term trading.

The last qtr report for most banks are till 03/20. Moratorium for 6 months/ 2 quarters. The immediate qtr after moratorium also won't look good. Don't forget moratorium only applicable for consumer & SMEs. Tons of corporate financing being restructured as we speak. So it'll be quite a while before banks start to look good again

Lower interest rate does not necessarily translate loan growth. Although demand for loan increases, banks may not supply the loan because of increased credit risk.

With lower interest rates, banks can borrow from the central bank cheaper (e.g. 1% compared to 3% previously) to lend out to borrowers.
However, if the probability of default is higher (people losing their jobs or companies in trouble), banks are not interested to lend because the risk is too high.
If the borrower defaults, banks still need to pay the central bank the full amount.

Was talking about restructuring. Different thing from refinancing. In good times, restructuring is almost as taboo as NPL to banks

Malaysia mana ada refinancing application fee bro haha

It takes sometime to classify loan doubtful and npl. Npl will likely rise from q1/21 or q2/21.

Households debt to GDP in this country is among the highest in Asia. Property overhang/unsold/idling in subsale is >2 times of primary market. Npl will be significantly higher than syok sendiri estimate.