Harta is special which cant be used to compare to the rest except YTY because they are more towards nitrile gloves which is selling way higher than rubber gloves. Moreover Harta is still completing ngc1.0 (plant7) currently which adds to additional capacity as we speak. Harta price is more palatable now that it has increased dividends to 16c.

1500 is coming

Just realized EPF disposing all the way since April for glove stock.
They would have know first hand on their operations and ASP/margins.

Sometime too stuck in a bubble didn't realized danger till its too late.

Ok good to know. hope your auto sell works

Then why the macquarie gal say TG can hit rm60 at the first place?

Giving a right advice at a wrong time is a wrong and misleading advice

they gv a high TP so they can sell, likewise when they gv a low TP they are playing short.

Err.... this article gave the biggest of hint...

https://www.theedgemarkets.com/article/glov...concerns-linger

dated 16th April....

JP Morgan, however, sees downside risks for the glove sector on lower average selling price (ASP).



For them to come out and state categorially that glove makers have guided lower prices send such a massive warning that high growth should be ending soon.....

It's a bold statement. If that was a lie, it would effectively have branded JPM research as a bunch of liars!

This wasn't about how they derive the silly 3.50 price.

It was all about the glove makers telling JPM specifically that lower prices are dead ahead.

A 22% decline in Nitrile prices compared to a Jan, it's a massive decline and would hurt profits badly for the glove makers.

Big statement for me... which is why I even went out the length and check some online prices on Lazada/Shopee which somewhat confirms the point that lower selling prices can be seen. Even TopGlove own shop on Lazada offered a 5% discount on its own gloves.

But sadly.... I guess some folks simply are wired that anything associated with JPM means Mat Pendek, which meant that whatever comes out from JPM is nothing but a conspiracy to drive the stock price lower.





p/s TG own lau pan stopped buying his own company shares on ........................................ 31st March 2021. Yet another thing to ponder upon.......

Bursa red red...is this they May bomb sky is talking about?

God Bless Gloves...

glove bubble popping

That's a simple way to solve such issues...


Stop playing stocks that is widely covered by analysts...

Even recovery stocks not doing very well

as long as no parliament or new government it won't go up la. Just HODL

btw... here's something to ponder.

when they were giving those high prices... got ppl complain ah?
when they started giving low prices .......... ppl only complain?

glove bears did complained ah. many noises here

Trading / investing if you want to enjoy the upside must always be ready to take the potential down turn as well.

If only want upside no downside better put into FD. Everything got its risk / reward ratio i guess.

When down time hit, it will really test your conviction for the stock and also your thesis / reason of buying it.

For me i got no confidence for supermax long term wise, i sell it the first thing this morning just to avoid further losses.

If really wanna play, play with dataprp 😈

wow bursa just went down into the drain..

play with spiders, cannot?

time to deploy