Author: gloveharicut   |   Latest post: Fri, 3 Jul 2020, 5:21 PM


Banker Increase GLOVE Margin Ceiling Price after 1 month hair cut

Author:   |    Publish date:

Banker collect enough? Why increase the margin celiing?


Maybank IB Share Margin Valuation (Latest Revision)
The ceiling price for rubber gloves counters effective 30th June 2020

Comfort  @ RM3.42
Harta       @ RM10.52
Kossan    @ RM7.87
Ruberex   @ RM2.21
Supermx @ RM7.41
Topglov   @ RM18.00

**The valuation will be based on the ceiling price or last closing price, whichever lower.


1 month ago the same banker cut my hair

Maybank IB Share Margin Valuation as at 2nd June 2020

Comfort  @ RM2.29 ; closed @ RM4.20
Harta       @ RM8.97 ; closed @ RM8.97
Kossan    @ RM7.87 ; closed @ RM9.13
Supermx @ RM3.38 ; closed @ RM7.95
Topglov   @ RM9.41 ; closed @ RM15.54


PROTECT YOUR HAIR. Don't cut by banker.

Read this GLOVE story from a retire fund manager.


The smartest Uncle Koon have a very valid point in this scenario and I am reproducing it to my blog.


I am very sure all the glove makers will report increased profit in the next quarter. All investors should wait about 2.5 months to see the result. 

You must remember, the increased sale price is pure profit because all the glove makers do not need production cost to be able to increase the selling price. 

As I said, the number of Covid 19 cases is still increasing and the demand for gloves will continue to exceed supply. The game is not over yet.

You should not sell your holdings now. You can make more money if you wait. Patience is the key to successful investment.

In fact, it is still not too late to buy more glove stocks. After I saw the number of Covid 19 cases is still rising, I believe my target prices for Comfort and Supermax are achievable. 



Maybank: GLOVE is too cheap to ignore; top pick is Top Glove (RM21.90)

CIMB isn't concerned on China's GLOVE capacity. Buy TOPGLOV (RM25.00) & Supermax (RM9.80)

Tan Sri Lim's interview at Financial Times explained why TOPGLOV is a good buy

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Related Stocks

Chart Stock Name Last Change Volume 
COMFORT 3.39 +0.17 (5.28%) 71,838,900 
HARTA 16.00 +1.00 (6.67%) 12,743,400 
KOSSAN 9.33 +0.22 (2.41%) 6,420,100 
RUBEREX 3.30 +0.10 (3.13%) 11,985,600 
SUPERMX 9.41 +0.45 (5.02%) 37,147,100 
TOPGLOV 18.46 +0.96 (5.49%) 17,357,900 

  VenFx likes this.
gloveharicut Protect 10 finger with glove
29/06/2020 4:14 PM
gloveharicut Glove is the vaccine to your wealth in this pandemic.

Protect your HAIR.
29/06/2020 4:15 PM
LookingForGrowth .

Dont forget the corporate tax.
your comment.
You must remember, the increased sale price is pure profit because all the glove makers do not need production cost to be able to increase the selling price.
29/06/2020 4:45 PM
29/06/2020 4:46 PM
kelvin_ik4u Well said glovehaircut.. thanks for sharing the consolidated insight valuable inputs. Thanks bro!
29/06/2020 5:16 PM
ahbah Buy
29/06/2020 5:17 PM
realinvestor888 IBs say all, play all lo...really wth
29/06/2020 5:33 PM
CharlesT Now release water to goreng glove co...n shall not hear much bad news fm now onwards
29/06/2020 5:34 PM
kalteh All these new accounts made just to make one post... thread carefully guys
29/06/2020 8:41 PM
n3lly bro. you got margin with kucing bank or not wan. they never cut their capping la. in fact, they were the slowest broker that increase the capping. funny thing is, the june capping revision is in fact an increase from even lower position. few of us had to complain so many times for them to do revision.
30/06/2020 12:51 AM
30/06/2020 8:12 AM
newbie2y valuations increased, meaning margin account holders can have bigger limit to trade rite?
30/06/2020 6:17 PM

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