Highlights

gloveharicut

Author: gloveharicut   |   Latest post: Tue, 4 May 2021, 3:56 PM

 

Investors resume shorting of Top Glove, Supermax shares after one-day break

Author:   |    Publish date:


{{{PM me to join GLOVE Private Discussion Room}}}

I invite you to read my blog and make a smart GLOVE decision.

https://klse.i3investor.com/blogs/gloveharicut/blidx.jsp

 

GLOVEs Investors Assemble. Game Stop the GLOVEs.

Will TOPGLOV be our Wallstreetbets' Game Stop? RETAILERS UNITE! NOT TO BE BULLIED ANYMORE!

 

I am not sure the vaccine is useful or not. CEO have better answer.

Do you have to wear GLOVES to give a vaccine shot?

I am holding my GLOVES. I will only sell when ASP come down but not stock price come down.


I buy vaccine logistic by using the GLOVEs profit as hedging to vaccine news.

 

I am reproducing The Edge article to my blog.

This post don't have any value added content.

Compile here for my own record.

Please skip if you don't like it.

 

https://www.theedgemarkets.com/article/investors-resume-shorting-top-glove-supermax-shares-after-oneday-break
 

Investors resume shorting of Top Glove, Supermax shares after one-day break

 
Investors resume shorting of Top Glove, Supermax shares after one-day break

KUALA LUMPUR (Feb 3): Investors resumed their shorting of Top Glove Corp Bhd and Supermax Corp Bhd’s shares after taking a day off yesterday, shorting shares worth a combined RM41.62 million of the two rubber glove makers.

According to regulated short selling (RSS) data compiled by Bursa Malaysia, investors shorted a total of three million shares in Top Glove worth RM20.6 million, and 3.06 million shares in Supermax worth RM21.02 million.

The two glove makers were the most shorted stocks on the bourse today, making up 71% of the total value of shorts today of RM58.46 million. On the other hand, there was no shorting of other glove counters.

Top Glove has been the subject of RSS by investors.

Last week, a total of 17.25 million Top Glove shares worth RM110.25 million were shorted, while Supermax saw 1.39 million shares worth RM9.29 million shares shorted.

Hartalega Holdings Bhd saw 1.16 million shares worth RM14.62 million shares shorted during the same period, although Kossan Rubber Industries Bhd did not see any of its shares shorted.

As at Feb 2, Top Glove, Kossan and Hartalega topped the Net Short Selling List on Bursa Malaysia.

The percentage of the net short position of Top Glove stood at 2.98% or 244.34 million shares, up from 2.95% or 241.9 million shares as at Jan 29.

Kossan’s net short position stood at 2.04% or 52.1 million shares, while Hartalega’s was 1.34% or 45.93 million shares.

Supermax’s net short position stood at 0.64% or 17.5 million shares.

The shorting of rubber glove stocks has been in the headlines after the r/BursaBets subreddit on social media platform Reddit had highlighted these stocks for short selling, in a bid to emulate the shorting squeezing on US video game retailer GameStop.

RSS was suspended by Bursa Malaysia in March 2020, amid the global equity rout, in order to address market volatility at the time. It was reinstated on Jan 1.

 

Share this
Labels: TOPGLOV, SUPERMX

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 4.70 +0.07 (1.51%) 34,226,800 
SUPERMX 3.75 +0.12 (3.31%) 25,231,400 

  Be the first to like this.
 
abang_misai bagus
04/02/2021 12:04 PM
Addy (Feb 4): Solution Group Bhd said on Thursday that it has signed a term sheet agreement with the government to supply 3.5 million doses of Covid-19 vaccine jointly developed by China's CanSino Biologics Inc and Beijing Institute of Biotechnology under the Academy of Military Medical Sciences.
The company, whose website shows it is an engineering, as well as biopharmaceuticals business, said in a bourse filing that its wholly-owned unit Solution Biologics had signed the agreement on Jan 29 with the Health Ministry.
The agreement will enable the subsidiary to enter into a definitive supply agreement to supply 3.5 million doses of the Recombinant Ad5-nCoV vaccine for the prevention of Covid-19, it said.
It also said the Health Ministry's purchase is subject to it obtaining product registration and market authorisation of the vaccine in Malaysia by April 2021.
Under the agreement, Solution will deliver the vaccine from its subsidiary's storage facility to a government appointed central store or logistics partner.
Malaysia has signed two deals with Pfizer to secure 25 million doses of the vaccine it developed with BioNTech , the first batch of which is on track for delivery on Feb 26.
It also has agreements to buy 18.4 million doses of other vaccines produced by Russia's Gamaleya Research Institute and China's Sinovac Biotech Ltd.
Prime Minister Muhyiddin Yassin said earlier on Thursday that Malaysia expects to complete its Covid-19 immunisation programme by February next year, covering 80% of its population of about 32 million people.
04/02/2021 9:44 PM
speakup Unisem PE 129x
Topglove PE 13x

How come so many funds short Topglove, but no short Unisem? Unisem PE now even higher than Supermax peak PE.
05/02/2021 10:48 AM
Gtrade unisem profit margin only 4.6%!!!! PE 128. That means Unisem need to generate super huge revenue to generate a material profit for shareholders.

As it is at PE128 and DY4.6%, you put 1000 rgt into Unisem,will take 128 years to get back capital,not you,but the company earning will take 128 years to get back the capital. Wether you will get a single dividend in those 128 years is another story.
06/02/2021 12:14 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

572  344  555 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 FINTEC 0.035+0.005 
 MMAG 0.185-0.005 
 VSOLAR 0.02+0.005 
 EURO 1.10-0.11 
 MTOUCHE 0.090.00 
 SERBADK 0.625-0.005 
 HHHCORP 0.190.00 
 MRDIY 3.900.00 
 FOCUS 0.04+0.005 
 EDARAN 1.17+0.265 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. What Professor Dennis Etler said about China - Koon Yew Yin Koon Yew Yin's Blog
2. UNCOMMON ACTIVITIES SPOTTED ON RECENT CORPORATE EXERCISE OF THIS COMPANY!! Swim With Sharks
3. [MUST READ] Important message for all investors who are planning to invest in AT or existing AT shareholders Important message for all investors who are planning to invest in AT or existing AT shareholders
4. TENAGA and TENAGA-C85 i3gambler
5. Singapore sees first day rush for Sinovac vaccine; as 16 Covid-19 cases announced on Friday (June 18) Good Articles to Share
6. [转贴] [Video:浅谈EDARAN BHD, EDARAN, 5036] - James的股票投资James Share Investing James的股票投资James Share Investing
7. Serba Dinamik rombak struktur Lembaga Pengarah, lantik IIlyas Pakeer sebagai pengerusi Oil and Gas Malaysia News
8. BREAKING: The Las Vegas Strip Is Back and May Be Better Than Ever [SEE INSIDE FOR TRIPLE DIGIT GAINS] A blog to publish and share information
PARTNERS & BROKERS