Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Supermax Corporation Bhd (SUPM)

Kuala Lumpur
Currency in MYR
Disclaimer
0.865
+0.005(+0.58%)
Delayed Data

SUPM Comments

gravity does exist .hehe
where is the lowest ?
Definitely buy
The Mercator is also manufacturer of gloves and has a P/E =2. Ticker is WSE:MRC
Bought @4.30 ☺☺
I bought 2 lot at 4.00
is a right times to buy now
Wait for a while first.... now the vaccination starts to roll out. So everyone keeps selling glove stocks. Most of them are short selling to earn more.
Trust me. Pandemic wont end this year. Vaccination wouldnt eradicate the covid 19. It only reduce the risk of transmission. Futhermore, the covid 19 has been mutated. Sooner later we will get another new batch of vaccination.
It is based on what i got from CNN and CNBC news.
MECATOR [MRCP] The leader in Europe with no debt and with ridiculous low PE about 4 after Q4 2020 report
This pandemic wouldn't recover promptly still wait until. Mod year can feel recover
Yes but the problem is that ppl still think that economy will turn better soon after hearing the vaccine news. Ppl are irrational sometimes. To get everyone vaccinated takes at least 3 to 4 months or probably even longer even if the vaccine has been successfully released end of this year...
rotation stock begin , investor start to dump glove counter and switch to oil, bank , hospatility and energy stock on hope of vaccine to push economy to recovery path.
Outstanding Qtr result out for Supermax.. YoY up 3000%+, that's 30x times fold vs last year Qtr result. Way better than and undervalued for health care glove company. Big opportunity for massive share price appreciation..
wait it touch double bottom to buy back this share and graps profit. stock only place to make money or loss money. don't to obsessed with particular stock.
sell
epf become substantial shareholder..
Speechless... for the last few weeks, the share price cant even rebounce to 9 dollars
Even if the firm is doing well internally. But external factor will still affect the share prices. Warrant is not the reason that why all the share prices slump... i dont mean only supermax. I mean the overall share price.
IB whom issue warrant have right to interfere into capital market as the hedge against call warrant they issue earlier to minimize any potential loss. maybe effect of motorioum which end of September, investors pull off money out of capital market to services it's debt .
liquidity surge to all high since post financial asian crisis thanks to momotorium introduced by the government to ease financial burden , people have spare money to invest into capital market that one of reason share price is easily move upward support by bouyant purchasing power. I admit overall market is on downtrend . good time to buy undervalue stock at cheap price before stock move upward in next 2-3 months .. maybe this is correction ..
pressure by IB
support line at 8.30
heading to rm20.00 in 2 months.
only take 3 days to recover back
Previously US started to stop the import from top gloves and then that week top gloves and supermx share prices started to slump...
I knew, it just sideway after surge rapidly from 6-9 in three days, from chart pattern is healthy sign of tracetment due to profit taking activities.if draw line shown trend upward pattern , it will try to break resistance level at 8.60, 9.00, 9.40 and support level at 8.30. RSI above 50 good sign , MACD blue line cross with red line good sign, stochastic at 50. not oversold or overbought... demand still strong at support line 8.30.
their keep recycle same stories , over and over for past 3 months to move market upside down for commision.
break rm8.50 this evening ..
it take a year to recover back ..maybe in next 3 years.
macquire IB suppress down Supermax and top glove's share by buying in open market and dump at the lowest as possible as they issued call warrant that will expire in October , January and March with exercise price's call warrant at rm8.00, rm11 and rm1.21, respectively. can you imagine how billion ringgit of Macquire will lose in call warrant derivatives. hahahahahahahaha hahaha.. bankcrupt soon macquire and they also issue downgrade on glove counter to minimize their loss in call warrant.. but it not working as they plan , as investors ignore the equity report they written. big lied and unethical practise by investment bank.
better pull out from banking sector (stay away) until it clear the direction, the central bank affirms to maintain overnight policy rate at the lowest in two decades at 1.25 basis points to stimulate economy growth. The steep cut by bank negara Malaysia plus momotorium had adverse impact on banking sectors' financial performance.
support line at rm6.00 and yesterday closing at 7.50 .the chart show a pattern of uptrend on ward with immediately resistance at rm8.00 , rm8.50 and subsequently at rm8.50 , support by balloon demand on glove products which is sustainable until 2H2022 with the secure order of gloves from clients till 1H2021.in technical chart aspect, MACD shown value above 40, indicating there are potentially the stock will rebound and reversal from downtrend ...
Probably it will slump until 5
hit lowest stock price at range 4-5 if look on historical chart analysis ..and it would take a year to rebound in line with pandemic period.
Rebound at 7.28 the final bottom
rebound at 8.00
TP24 after split!
hit rm22 today and expect to rally high after listed in MSCI.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.