half of rm866 mil?

that's a fairy tale la...

1/5-1/4 more like it.

check the production capacity of the producers...

harta may get there in time but not now, not the rest.
why do people make it as if a biz making rm200mil profit a qtr is so easy...

try selling rojak, pisang goreng, burger, charkoayteow... maybe also can..!!

Glove counters will eventually die. I dont think monday QR will be able to hit the required earnings per quarter to meet market consensus of PE25. In fact PE 25 is already high for rational fundmental investors unless their ROE is close to 3 digits

Just your book profit while you still can.

I hope then they die, they will crash other counters together for us to buy cheap cheap

-ve with banks, bought them too early, looked solely at fundamentals when the PEs were close to 10 (for long term investment), did not take market sentiment (trading hype, 0 fundamentals decisions, anti-banks) into account. Burned my hand   

+ve with takaful, but could have bought them at lower price, again I am very bad at technical analysis. Didnt know (still dont know) how to find good entry price so just bought at the price offered (BAD MOVE). Now that I have learnt that, I queue my counters 5-10% lower than its current price. if it hits, i get, if it doesnt, use the money to buy other counters

Considered to topup more, but looking at the market sentiment now, I do not see the rush of topping up.
Waiting for Sept 30, with the hope of gloves selldown (bull-turned-bear market sentiment) will help crashing my counters even more, to top up at even cheaper later . Others might think that I am psychotic hoping the market will crash the counters I own, but the way I see it is more free discounts.

I considered to buy Genting too. But maybe after 2020, theme park (extra revenue) will be ready in 2H2021. Dont see the rush to buy in now with this market sentiment (trading hype, 0 fundamentals decisions). Might drop more than banks in the shorter term as casino and hospitality revenue wont resume as early as banks (forced loan repayment), which is good , more cheap stocks to buy later for long term.

I am also queuing for another 4 counters that I see them as fundamentally strong undervalued companies. Still havent hit the price I want, praying for the market crash to help me to get at least 2 of these counters . If I dont get, can always use to buy others later, no FOMO.

To draw an analogy from Peter Lynch...

We will spend hours or days doing research when we want to buy a new handphone, laptop or tv. Would we decide in a few minutes to buy a new expensive laptop without doing any proper research? I don’t think so.

But then why do we spend thousands of ringgit to buy a share without knowing anything about the company. Sometimes we don’t even know what business the company is running or whether it is profitable or not.

When we buy a share without doing any research at all, then it is just pure gambling. It is like going to Genting playing blackjack or baccarat. When we lose, we don’t question why we got a small value card and not a ten. That is just the random way the dealer deals us a card.

So, when we goreng a stock with zero valuation, there is no logical reason when it limit up or limit down. It is just a case of more buyers than sellers ala Tulip mania. Just make sure we don’t end up holding the Tulip when the price crash.

I am just blowing water after a long day at work.

quick comparison of the trading P/E (annualized latest quarter results) of peers who have announced their results.

Company: Top Glove / Harta / Careplus / Riverstone
Share price: 28.1 / 19.1 / 4.3 / 14.5
Q PAT RM mil: 348 / 220 / 21 / 138 (riverstone 6M results)
Annualized PAT RM mil: 1392 / 880 / 84 / 276
Market Cap RM bil: 76.1 / 65.5 / 2.3 / 10.8
Trading P/E: 54.7 / 74.4 / 27.6 / 39.1

If Supermax coming quarter results are: 400 / 500
Annualized PAT RM mil: 2000 / 3000
Market Cap RM bil: 31.1
Trading P/E: 19.5 / 15.6
(much cheaper valuation compared to the other 4 peers ranging from 27.6 to 74.4)

alternatively if we assume P/E of 30x and 40x
If Supermax coming quarter results are: 400 / 500
Annualized PAT RM mil: 2000 / 3000
TPs for RM400m PAT: RM35 to RM47 per share
TPs for RM500m PAT: RM44 to RM58 per share

Nowadays uni grads, ah chu, ah dog, all hunting penny stocks and hope to gain multifolds fast money... Thanks to those social media actives stock gurus

Should i buy Supermax tomorrow?

i keep averaging up on spmx. So nice market today for shopping. haha

Agree, thats why i mentioned earlier we must hold tight, dun get suck by public selling pressure 

OBM = more price control
OEM = less price control. Harta is heavily on OEM, maybe thats why quarter report cacat

Congrats. All thanks to fundamentalist. Wanted to get some but greedy wanted to fish lower.

Hopefully still have chance tmr. If got heavy profit taking like what happened to TG last round.

Same here.
Still a newbie to stocks.

Playing small sum of 10k only..my failsafe margin is always 20% trying to learn slowly before dumping more in

Just playing safe and for the long term, I think when it comes to stocks its always comes to whether you're a trader or investor

Not too bad lah made some cash from playing tech stocks like Fintec..

didnt invest on Glove stocks at all since on the lookout for undervalued stocks,  plus came in too late adi

Best advice I've received is always diversify your stock portfolio and don't follow the crowd, do own research and buy the stocks based  on that,  Always nice to ride the wave though to be honest

Glove selling could be due to Putin announcing they have registered the vaccine for covid and is safe to take. Good to keep in mind that they have not tested the vaccine properly yet.

Link

Cut loss if you are holding PohKong and Tomei. Retailers are not long-term beneficiary of a hike in gold price. Their recent meteoric rise is a pure bubble. You should know that they are in the business of buying and selling gold. When gold price goes up, yes their sale price goes up, but so does their cost. They only benefit from their old stocks which were bought at lower prices. But in the long run, it evens out. Gold bull run doesn't justify their limit ups.

If you are holding gold miners, I got no advice - I don't know how their business work. Maybe can hold?

Share with you my story.

"-25% just way too much to cut loss"
"-50% just way too much to cut loss"
"-75% just way too much to cut loss"
"just hold it further and see how the market moves"

And I'm still holding -97% now. 

Tuition fee fully paid. Lesson learned - there is no such thing as "too much to cut loss" when the counter is long term bearish.

syok sendir and blow water is penny a dozen. Facts and reality could be hard to swallow.

For reasons, only about 4% of adults in this country have over us$100k net worth.

Yaya, everyone is looking towards tg qr. Most of us are expecting around 800m to 1bil, which is very achievable actually.

Hopefully it will be a good one 

3) this/now is the only chance for TG to overtake tigerbank as the largest company in bursa (beside tnb and pbb), a great milestone/record although it wont last long   

fyi TG need to hit RM32-33 to surpass mbb

Topglove may not peak but it will fall after covid. Also, profit might fall next quarter if this quarter's profit already included 1 year's supply of gloves. I.e. Q2 2020 outstanding results is because of hospitals buying 1 year supply of gloves. Hence, they don't need to buy anymore in Q3 2020.

Maybank is doing surprisingly well compared to other banks (e.g. CIMB or Alliance) in Q1 2020, despite IFRS 9 requiring early impairment. It even recorded a higher profit, surpassing the previous quarter.

Note: I'm not arguing who's right. I'm just stating facts and info given so far.

Speaking of shit. You see this pic? If people lockdown 1-3 month panic buy 1 year supply toilet roll, what do you think hospitals will do?
I'm not God but there's a possibility. Only dumb people say 100% won't happen.

Moving forward, gloves asp is unlikely to rise, revenue could only rise with more production line, raw materials and expenses is likely to rise. Basically, quarterly profit is near peak.

Demand > supply doesn't mean price could rise non stop.

Many here are emotional invested. Cannot stand a bit of criticism.

Just like few days ago they are jumping into penny stocks as if they found gold. Now all quiet already and ranting about their losses.

Currently, I don't hold any glove or bank stocks. I only hold 2 Malaysian stocks and they are totally unrelated to glove or banking sector.

You should disclose your holdings too. Quite sure you're invested. It's in your self-interest to support them.