gloveharicut
COMFORT, HARTA, KOSSAN, RUBEREX, SUPERMX, & TOPGLOV need a HAIRCUT? RHB SAID YES!
gloveharicut
Publish date: Tue, 02 Jun 2020, 11:34 AM
Dear Margin clients
Kindly take note starting today there’s a revision of Price capping for the Glove counters below
35% price cut on market closing or the price as stated below, whichever lower
1) COMFORT (2127) RM2.35
2) HARTA (5168) RM8.15
3) KOSSAN (7153) RM5.65
4) RUBEREX (7803) RM2.31
5) SUPERMAX (7106) RM5.00
6) TOPGLOVE (7113) RM8.64
If you have glove counters in margin account and have Margin call, can regularise by end of June 2020
Thank you
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Discussions
1 person likes this. Showing 32 of 32 comments
No lah
This super powerful bull run in gloves non stop caught many IB issuing call warrants by surprise
They are terrified by Colossal losses and are having sleepless nights
Only way out is to play dirty by whatever means to suppress prices to get out of their predicament
OK guys please be kind to them and understand their plight
Only thing is they cannot stop covid 19 and the demand for Glove which will still accelerate upward
So the glove bull is unstoppable
They all better stop issuing call warrant
Or else they will kena again and again
2020-06-02 13:35
bankers start kicking out the contra / margin players and grab the shares by their own.....naughty banker, this year many non - glove companies performance not able to fulfill bankers'profit / return requirement.
2020-06-02 15:30
i dont understand why careplus affected with this sentiment, they excluded from margin call but the price keep went down.. lol
2020-06-02 15:34
Hope someone don’t lose his job due to this ‘brilliant’ idea to cap the share price value. Especially it is proven by the solid earnings, eg Supermax. Most the margin acct holders will redeem their financing to other banks.
2020-06-02 16:32
RHB call wattant issuer trying to limit their loss..imagine if they dun cap..their loss is impossible to contain
2020-06-02 16:59
Is this necessary to trim share price? Is it allowed in bursa..i am still new
2020-06-02 17:33
Top Glove Trading at FY21 P/E of 11x Only; Maintain BUY
•Massive earnings explosion in the coming quarters will throw brokers’ forecasts out the window. We raise our Top Glove's FY20-22E EPS by 37%/180%/18% as we impute for ASP hikes and spot orders until 1QFY21. We highlight that our FY21E EPS is still conservative as we impute for zero ASP hikes and zero spot orders from 2QFY21.
•Post-earnings revision and pegging at a lower CY21E P/E target of 23x (from 30x; +0.5 SD to 5-year mean), our new Target Price is MYR20.00 (+83%, from MYR10.95).
•Top Glove is our top pick.
Source: Maybank Research - 29 May 2020
2020-06-02 17:48
THANKS CALVIN FOR HIS 9954 CUN CUN TIPS. I EARN 10 K TODAY. BOUGHT 500 LOT 0.27 AND SOLD 0.29
2020-06-02 21:01
IBs rescue plan for call warrant by capping of margin. They loss a lot in their call warrant. I believe others IBs will follow
2020-06-02 22:54
Guess Banks can smell the overpricing of the gloves counter. The action of Banks send you a strong message to be cautious.. Happy trading..
2020-06-03 06:38
save your money and go to genting casino when it re-opens. you stand better chance there then klse.
2020-06-03 08:26
i wonder how many participant remember just a few of these counters. maxis double decker mox jti . all taken private if the company do well. klse is for syndicate play. remember omega securities?
2020-06-03 08:28
They dont want too much speculation derives by debt only, for example using contra and margins. Prices will go up eventually as they release next result.
2020-06-03 09:23
The IB have to manipulate to drive the gloves prices dowm otherwise they will lost heavy on call warrent that they issued. Dirty game
.
2020-06-03 12:04
Barber shops can't operate. But where did the politicians cut their hair? All have nice n neat hair.
2020-06-04 08:49
With this restriction,does it mean margin users cant buy/sell above the capped price? only cash buyers can?
2020-06-04 15:23
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LOOKS LIKE RHB IS GOING TO BE GLOVES DESTROYER THIS TIME.. FUTURE DO NOT TRUST ANY OF THEIR REPORTS
2020-06-02 13:10