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
Chart | Stock Name | Last | Change | Volume |
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2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
HARTA2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
KOSSAN2024-05-23
SUPERMX2024-05-23
TOPGLOV2024-05-22
HARTA2024-05-22
KOSSAN2024-05-21
COMFORT2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
HARTA2024-05-21
KOSSAN2024-05-21
KOSSAN2024-05-21
KOSSAN2024-05-20
KOSSAN2024-05-20
KOSSAN2024-05-20
KOSSAN2024-05-20
SUPERMX2024-05-20
TOPGLOV2024-05-20
TOPGLOV2024-05-17
SUPERMX2024-05-17
TOPGLOV2024-05-17
TOPGLOV2024-05-17
TOPGLOV2024-05-16
SUPERMX2024-05-16
TOPGLOV2024-05-16
TOPGLOVCreated by gloveharicut | Sep 20, 2022
Created by gloveharicut | Aug 30, 2021
Created by gloveharicut | May 04, 2021
Created by gloveharicut | Apr 19, 2021
Glove is the vaccine to your wealth in this pandemic.
Protect your HAIR.
2020-06-29 16:15
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Dont forget the corporate tax.
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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
2020-06-29 16:46
Well said glovehaircut.. thanks for sharing the consolidated insight valuable inputs. Thanks bro!
2020-06-29 17:16
Now release water to goreng glove co...n shall not hear much bad news fm now onwards
2020-06-29 17:34
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.
2020-06-30 00:51
valuations increased, meaning margin account holders can have bigger limit to trade rite?
2020-06-30 18:17
gloveharicut
Protect 10 finger with glove
2020-06-29 16:14