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

Bcox illegal ppl make them hailat

For how many months already Glove counter have been goreng/rallying?

My previous studies of multiple goreng counter which I done years ago show 1 common trait => They only goreng/rally for 2-7 months, after that they will started to decline to their former price. Then wait 6-12 month b4 another goreng/rally started.

Only fools will expect the rally will goes beyond 7 months.

Market can be illogical or irrational longer than you can be solvent.

If your conviction is high, buy more and the market will do the rest.

I'm the Guru!
It is so illogical that my investment decisions result in me losing money!

Lel losing money lettew

lol joker thinks he can bait more ppl

kantoi lettew

4RM drop only. its not like you are investing millions. just average down.

btw ini supermax dulu bukan ada kes rasuah/internal trading ka? still got people play this counter ?

though i no play glove stock, but really hairan this, company earn history high profit,
though u can say its a spike, but current market is still glove shortage.
so their profit might likely to maintain if not higher in future 6-12months?
and the share price is not high also, wonder y they are all throwing?
share share study study abit

The stock market is forward looking.
Supranormal demand expected to taper off by 2022/23.

Kalau naik laju logic la? Kepala butuh dia

sound like he still holding a lot of supermax

kesian,.. must be buying in on top,..

u know

Tulip mania mah

If profits increase double, share price increased 10-folds

Got logic or not ?? Who's the dumbass that assume that company is worth 10 folds compared to couple of months ago ??

The syndicate behind made more than glove company itself for 10years d

yeah, i heard this saying also, price now is reflecting wat investors see in the future of the company, not current situation.

i think the profit of the top glove company increased more then double? actual how many not sure, but cant imagine
during the MCO time till now only 9 months the price from rm4-5 to the highest RM20++, quite scary, thought it would
come down for adjustment, but no, it keeps going up and up.. really call goreng share

Who say he lose money.

He bought tonnes of supermax below <2 pre split.

Xrp drop more ppl rilek jer

All his stock pick got the same pattern.

Almost vertical uptrend and later fall of a cliff and stuck at cliff bottom forever.

Shall call this the kyy effect. Hope he trademark it.

Kecian, lose money goreng sotong, then meroyan on internut.

lol exactly. Not to mention, now every tom dick and harry companies also making glove now:
It's such a low barrier of entry product.

- precision engineering outfit AT Systematization Bhd
- crude palm kernel oil producer Green Ocean Corp Bhd
- construction firm Vizione Holdings Bhd
- IT solution provider MSCM Holdings Bhd
- automotive battery maker GPA Holdings Bhd
- property player Iconic Worldwide Bhd
- Rubber-related Karex Bhd

https://www.thestar.com.my/business/busines...he-glove-sector

No study market cycle....

he think supermax will go up forever meh...

Nowadays some people valuation far beyond 10 years , to make sense on their target price

i support this

Actually he never predict he know what will work what won't that why he never touch crypto

SPMX pecah support level, bleeds to RM 5.97.

the graft show down trend...

Admit it la. Semua goreng only.
Current price only normal

Buy low sell high sohai

Faster buy so he can throw to u

Bursa is auta. Auta is bursa. You understand maa ?

Margin call

have to drop to 4.50 only attractive, then goreng start again ..

if price drop he should be happy, kasi sapu more lah since he so confident price will go up to reflect its "true" value

messiahword All in TOPGLOV

Hahahahahahaha..........bodo tertinggal bas......lepas tu salahkan org lain yg naik bas......



LOL.....

what is his buy in price?

kena trapped?

Bbb

Ya, very true, the price should skyrocket to rm20 now then more will become millionaire. So what to to do next, who we should blame? Lge or azmin?

lol lupa something called market sentiment ke

Honestly id wait to see what supermax aims to do with its profits. Demand in the future will be depressed but the supernormal profits theyve booked are real.

Just on the cashflow, i think its oversold. But they can still just be stupid and waste the money on expansion or share buybacks.

sad KYY, serve him right this time...last time supermix up like illogical not hear him kpkb oso

sell sell sell not good?

Time to all in, queue 100k @rm5 to buy 20k units. Next year supermx rm20, profit rm300k

topkek, looks like he needs some ky jelly

ALLL IN... (sekali lagiiiii)

Nvr play with speculative stock....

Uncle Ky trapped isit?

Last time promote AT.... Before ran to supermax..

Predicts supermax upcoming 2 years revenue based on current covid 19 revenue. Such depth

KYY trapped and kena margin call today.
Need his fans to quickly buy to push the price so he can exit.

They key to good stocks selection is to close your ears and follow own instinct by experience?
Read the indirect signs that could bring significant changes to the markets and not to be misled by so called investment gurus out there.

"market is logical" - said no smart investor ever.

He doesn't know how to play stock if complain like this. Also why advertise that the stock going down? Now even more investors selling and nobody is buying.

This post has been edited by TrialGone: Dec 30 2020, 07:56 PM

i dont think he lose money.
its he made lots of money from his followers so he pretend to lose

SPMX waterfall to 5.85 now.
Supporters all masuk gua celebrate new year.

Shh... keep quiet. TS, you know something that others don't. Keep buying.

Saw Koon Yew Yin, didn't read further.

trend is your friend