Supermax price drop is so illogical - Koon Yew Yin

The price chart shows that its price was Rm 10.36 on 20th October and it closed at Rm 6.06 yesterday. It dropped 42% in the last 2 months.



It is so illogical to see the price continues to drop when the company continues to report more and more profit every quarter.

The reason for the price to drop is profit taking by EPF, Investment Banks and stupid investors who are following like sheep to sell.

Currently there are 81.7 million Covid 19 cases and 1.78 million deaths. USA has 19.8 million cases and 343,182 deaths. All these figures are still increasing more and more.

Due to Covid 19 pandemic, the demand for gloves far exceeds supply. All the glove makers can easily increase their selling prices to make more and more profit which should reflected on their share prices.

Many scientists predicted that the pandemic will not be under control for at least another 2 or more years despite the vaccinations because 80% of the world population needed to be vaccinated.

In fact, additional gloves will be required for medical staff to wear during vaccination as shown on the photo below.

Supermax reported EPS 30.58 sen for 1st quarter ending September. It made 100% more than its previous quarter. Supermax profit for its 2nd quarter ending December should be another new record high. The company will report its 2nd quarter result in Mid-January.

What investors should know?

The most powerful catalyst to push up share price is profit growth rate. Supermax has the best profit growth rate among all the glove stocks. Currently, glove sector offers better profit growth rate than any other sector.

Based on the above facts, Supermax will continue to make more and more profit in the next 2 years. Its share price should continue to go up higher and higher.








I heard he made big losses on supermax

patut la butthurt

his england name is call holland

uncle holland

This post has been edited by teehk_tee: Dec 30 2020, 01:18 PM

then buy now la and average down

people who made TONS of money from apple, amazon tesla, didnt sell whenever price up 30% or down 30%. they held until price 100x, they bought more when price down, they bought less when price up.

This is such a simple no brainer strategy which people simply dont understand

if you just earn RM10,000 a month, assign RM9000 for investment in a stock, and invest RM9000 a month regardless of price, as long as the company performs you will greatly outperform the market, the traders, and everyone

if price so easy predict, everyone is Warren Buffett already

who followed this uncle go holland? lol

kesian the fisherman who want to bait more

but the small fishes xmakan bait so he butthurt

This sentence says it all

He sad because you all sell before he can unload. Pity unker!

hahaha... stuck at RM12 la tu...

Hahahahaha butthurt

So much money hodl la hahaahahaha

Price drop buy more pls

This post has been edited by whyamiblack: Dec 30 2020, 01:23 PM

basically, he is calling the market as stupid cos it made him lose

Lulz, vaccine already berlambak plus, kena charge so many count of offense in court

He must be retard to think otherwise

This post has been edited by desmond2020: Dec 30 2020, 01:23 PM

pipit beli saham selalu rugi dan epf and IB selalu untung, is this logical ?

Time to buy

malding LULW

Still a lot la. Got 120 lots at beginning of this year.Cost of purchase is Rm1.35.Selling 20 lots at 1.78 60 lots at 5.71 20 lots at 8.08 10 lots at 15.48 and 10 lots at 17.68.

Happy cause help me during MCO hard time yet sad cause didn't sell at highest.

Should trade in the shadow of Smart Money ma....,don't tell me that also he don't know...

who is this dinosaur? warren buffet wannabe?

What he said is truth. Recovery stocks all prepare to waterfall.

Old men wise word no listen later all green stock turn red blame others mistake.

While not late, still can decide to enter supermax before the price go even higher. Opportunity never wait us.

Decide ba.

自买自负