WHO says Covid pandemic is growing ‘exponentially’ at more than 4.4 million new cases a week
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PUBLISHED MON, APR 12 2021- CNBC

KEY POINTS

The WHO said the trajectory of the pandemic is now “growing exponentially” at more than 4.4 million new Covid-19 cases.

Maria Van Kerkhove, the agency’s technical lead for Covid-19, said “we’re in a critical point of the pandemic.”

“This is not the situation we want to be in 16 months into a pandemic where we have proven control measures,” she said.

Net short position- Comfort Gloves Bhd

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210409.pdf

arv18- total net short position as at 9th April stood at 1,975.800 shares. Can you check it out bro?

Hopefully you get your facts right.

Correct @ Tantoro- Free warrants is also a good strategy to kill off the SHORTIES- short sellers.
A good roasting of the SHORTIES will be a pretty good sight- and they bloody well deserve it.

Health Ministry data show Malaysia may be hit by fourth wave of Covid-19, says Ismail Sabri
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Bernama

April 12, 2021 18:28 pm +08

https://www.theedgemarkets.com/article/health-ministry-data-show-malaysia-may-be-hit-fourth-wave-covid19-says-ismail-sabri

Be careful folks - keep safe.

Comfort Gloves plans to issue free warrants
-----------------------------------------------

TheStar Mon, Apr 12, 2021 07:00pm

KUALA LUMPUR: Comfort Gloves Bhd has proposed to issue free warrants to its shareholders.

The warrants, convertible into new shares, would enable the company to raise as much as RM452.7mil for capital expenditure.


"The exact quantum of proceeds that may be raised by the Company will depend on the actual number of Warrants exercised during the five years tenure of Warrants," the glove maker said in Bursa Malaysia filing.

Comfort Gloves on Monday said it has proposed to issue three new warrants for every 10 ordinary shares in the company held on the entitlement date to be determined later.

The company said the exerc ise price of the free warrants would be fixed at a 20% premium of the stock's 5-day volume weighted average price (VWAP).

"Assuming all 174,132,912 Warrants are exercised at the assumed exercise price of RM2.60 each, the gross proceeds raised would be up to approximately RM452.75mil," it said.

Translate

Yes-I kinda agree with you. I was just being super conservative with my valuation- I guess its better to keep expectations low at times.

Posted by IMwhatIM > Apr 12, 2021 5:10 PM | Report Abuse

Goldberg: i tend to agree with you but i strongly feel it will eventually come back to RM4 to RM4.50

Comfort performed well today - more upside to come- Rm3-20 is my fair value and I believe a bonus issue is in the offing.

Current paid up is just 583 million shares.

new uses for glove:
https://worldofbuzz.com/brazillian-nurse-makes-hand-glove-sandwich-to-...

Comfort gloves brings comfort.

Amongst all the Big4 and glovemakers in Msia, only Supermax can maintain high ASP and 100% production capacity thru long term supply contracts to US,Canada,UK and European Govt and its agencies at post Covid pandemic from 2024 onwards. So for long term investors, a good option will be Supermax.

‘Covid 19 - Out of control’: in South America particularly in Brazil

Brazil’s crisis is now being felt well beyond its borders. The Pan-American Health Organization (PAHO) reported that the P1 variant has been found to be driving the second wave in at least 15 nations in the Americas.

Once championed as Latin America’s COVID poster child, Uruguay is now grappling with an explosive surge in deaths. According to government data, the 121 COVID deaths recorded in April has exceeded last year’s total COVID deaths.

“Uruguay is a good example of how things could get bad quickly,” said the Argentinian virologist Debat, who is monitoring the genome sequences of variants of concern.

The P1 variant has also been detected in Argentina, Paraguay, Colombia, Peru and Chile, as well as Canada and the United States.

The world is currently facing a massive surge in Covid 19 cases and the outlook look grim.

Iran reported 258 deaths from COVID-19 in the past 24 hours, the health ministry said on Sunday, the highest daily toll since early December.

That brings the total number of fatalities from the coronavirus to 64,490 in Iran, the worst-hit country in the Middle East.

Health ministry spokeswoman Sima Sadat Lari told state TV that 21,063 new cases were identified in the past 24 hours, taking the total number of identified cases since the pandemic began to 2,070,141.

"Unfortunately, in the past 24 hours 258 people have died from the virus," Lari said. State TV said it was the country's highest daily death toll since Dec. 10.

Iran's Health Minister Saeed Namaki, in a televised news conference, warned about more fatalities in the coming week if Iranians fail to adhere to health protocols.

On Saturday, Tehran imposed a 10-day lockdown across most of the country to curb the spread of a fourth wave of the coronavirus. The lockdown affects 23 of the country’s 31 provinces.

Businesses, schools, theatres and sports facilities have been forced to shut and gatherings are banned during the holy fasting month of Ramadan that begins on Wednesday in Iran.

Well said bro.

Posted by UPlanet > Apr 11, 2021 9:08 PM | Report Abuse

Those Tom,dick,Harry companies already successfully produce gloves?? Manage to bring in new fresh foreign workers? Permit not open la in this MCO period la!!! Iddoit!!! Manage to buy through all related gloves chemicals at this period?? Have to que long period la!!! Iddoit!!! Manage to get through all the technical know how challenges??? If all uncertain, how to create oversupply???

COVID-19 vaccine shortages to hit world’s poorest countries as COVAX halts deliveries

LONDON (AP) — As many as 60 countries, including some of the world’s poorest, might be stalled at the first shots of their COVID-19 vaccinations because nearly all deliveries through the global program intended to help them are blocked until as late as June.

On Friday, the head of the World Health Organization slammed the “shocking imbalance” in global COVID-19 vaccination. WHO Director General Tedros Adhanom Ghebreysus said that while one in four people in rich countries had received a vaccine, only one in 500 people in poorer countries had gotten a dose.

The vaccine shortage stems mostly from India’s decision to stop exporting vaccines from its Serum Institute factory, which produces the overwhelming majority of the AstraZeneca doses that COVAX counted on to supply around a third of the global population at a time coronavirus is spiking worldwide.

“In the absence of high vaccination coverage globally, we risk dragging out the pandemic for several more years,” said Lavanya Vasudevan, an assistant professor at Duke University’s Global Health Institute. “Every day that the virus is in circulation is an opportunity for it to mutate into a more deadly variant.”

Gloves to see at least another 3-5 years of super profits. TG to benefit the most.


https://www.google.com/amp/s/globalnews.ca/news/7750954/covid-vaccine-...

Health DG: Case numbers rise again to 1,739, Selangor state with highest count at 535

NATION
Sunday, 11 Apr 2021

PETALING JAYA: Malaysia recorded 1,739 new Covid-19 cases on Sunday (April 11), bringing the cumulative total to 360,856.

In a tweet, Health director-general Tan Sri Dr Noor Hisham Abdullah also said Selangor recorded the highest number of cases with 535, followed by Sarawak (443) and Sabah (127).

Devastating Covid-19 Variant In Brazil Now One Of The Most Reported Variants In U.S., CDC Data Shows

Robert Hart Forbes Staff

TOPLINE The P.1 variant of coronavirus causing devastation in Brazil is now one of the most reported variants in the U.S., data from the Centers for Disease Control and Prevention (CDC) shows, following an uptick in new infections and the spread of the contagious B.1.1.7 U.K. variant officials say is now the dominant strain circulating in the U.S..

https://www.forbes.com/sites/roberthart/2021/04/09/devastating-covid-19-variant-in-brazil-now-2nd-most-reported-variant-in-us-cdc-data-shows/?sh=168819fa400e

There were many enquiries from retail investors asking the following question :

1. Is the glove rally today a technical rebound?

2. Should I re-enter now?

One of the more important signal I have been waiting for was local funds flow.

For 16 weeks in a row, local funds have been net sellers. From my channel checks, many local funds (except EPF) have been selling gloves since the start of the year. In a large part, the selloff in glove stocks was contributed by local funds.

From the preliminary data, local funds has returned to Gloves.

Back to the 2 questions above,

1. I believe if local funds are net buyers of glove, this surge in glove stocks is not a one day show due to "technical rebound". The upward momentum is set to continue.

2. I dont believe in chasing stocks, neither do I believe in going in and out with a short term horizon. Invest in glove stocks if you believe in the fundamentals of the company.

By the way COMFORT is trading at PE of only 4 times. The cheapest I believe among the Gloves counters.

Out of control’: Brazil’s COVID surge sparks regional fears

Brazil’s crisis is now being felt well beyond its borders. The Pan-American Health Organization (PAHO) reported that the P1 variant has been found to be driving the second wave in at least 15 nations in the Americas.

Once championed as Latin America’s COVID poster child, Uruguay is now grappling with an explosive surge in deaths. According to government data, the 121 COVID deaths recorded in April has exceeded last year’s total COVID deaths.

“Uruguay is a good example of how things could get bad quickly,” said the Argentinian virologist Debat, who is monitoring the genome sequences of variants of concern.

The P1 variant has also been detected in Argentina, Paraguay, Colombia, Peru and Chile, as well as Canada and the United States.

https://www.google.com/amp/s/www.aljazeera.com/amp/news/2021/4/10/out-...

Israeli data shows South African variant able to ‘break through’ Pfizer vaccine

Strain is more effective than original COVID and the British variant at bypassing the shot, Israeli scientists find, in first-of-its-kind, real-world study

By NATHAN JEFFAY
10 April 2021.

https://www.timesofisrael.com/real-world-israeli-data-shows-south-afri...

Israeli data shows South African variant able to ‘break through’ Pfizer vaccine

Strain is more effective than original COVID and the British variant at bypassing the shot, Israeli scientists find, in first-of-its-kind, real-world study

By NATHAN JEFFAY
10 April 2021.

https://www.timesofisrael.com/real-world-israeli-data-shows-south-african-variant-better-at-bypassing-vaccine/

@i3lurker

Well said Lurker, totally agree with you - both Neste & Mr DIY are cornered/controlled.

The difference is Nestle is cornered by big their parent ( Nestle SA) and Mr Diy by Syndicates - especially Creator Funds-led by Brahmal Vasudevan
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there is no such thing as market irrationality
Nestle is a controlled counter with very few free float shares

Nestle had already confirmed defeat for major products like condensed milk

Nestle had already confirmed defeat for major products like cold milk and yogurt and then reversed decision to sell again so now see on shelves again

more demand for shares than supply

exactly like MrDIY, also another controlled counter

BLUESTAR

Semiconductor Development- Dnext ,Silterra & CGP

Author: Sky | Publish date: Fri, 9 Apr 2021


https://klse.i3investor.com/blogs/bluestar/2021-04-09-story-h1563245079-Semiconductor.jsp

Sinovac efficacy data as per phase 3 trials.

The 56.5 per cent rate of effectiveness is lower than some rivals, but still higher than World Health Organization guidelines

Published: 2:00pm, 9 Apr, 2021

Chile Covid-19 vaccination drive adds to Sinovac efficacy data

Chile has provided a real-time demonstration of the effectiveness of Chinese firm Sinovac’s Covid-19 vaccine, with its vaccination drive results showing it to be 56.5 per cent effective two weeks after the second dose. The findings were in line with Phase 3 trial results of the vaccine in Brazil, which found an efficacy rate of around 50 per cent.

https://www.scmp.com/news/china/science/article/3128886/chile-covid-19...

Supermax's 3 years PAT will exceed its current market cap of RM12 billion
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Supermax, plan is to expand its nitrile glove production capacity to 28.5725 billion pieces by the end of this year, and to 40.5725 billion pieces by the end of 2022.

As the company operates based on an OBM sales model and as it partners with government agencies in some of its major target markets, I have assumed utilization rate of 90%.

According to analysts' projections, the consensus profit margin for this calendar year is going to be approximately 50%, for 2022 - 35%. For these two calendar years, the net should be:

CY2021 = RM4.98 billion (PV @ 7% WACC = RM4.654 billion)

CY2022 = RM2.997 billion (PV @ 7% WACC = RM2.618 billion)

Total for the two years = RM7.272 billion, or RM2.67 per share.

In other words, the cash on hand + the profit for this and the next calendar year, contains 94.3% of the entire current market value of the company.

The company must make close to no profit for its entire subsequent history for the current market valuation to make sense.

Hello siowsiaxmixhai- i3lurker is respected here , certainly not a dumbo. Speak with figures & facts.

Party still on - no worries - booze free flow.
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Posted by xiaomixiaohai > Apr 9, 2021 7:37 PM | Report Abuse

This is when a Dumbo thinks he's genius. Glove party is over GG...kaput

No need scared- enjoy the ride tomorrow- won't be plain sailing though- RM5- no problem.

Migrant worker activist questions CBP’s ban on Top Glove
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Jason Thomas - April 8, 2021

PETALING JAYA: Migrant worker activist Andy Hall has questioned the US Customs and Border Protection’s (CBP) ban on Top Glove Corp Bhd’s products, claiming that other Malaysian glove manufacturers are “much worse” when it comes to the treatment of workers.

Top Glove says it hopes to achieve the ‘best possible’ environmental, social and governance (ESG) practices in the industry.

https://www.freemalaysiatoday.com/category/nation/2021/04/08/migrant-w...

Upper limit rm5.23.

Potential to reach the upper limit today as SHORTIES scramble to short cover.

SHORTIES kena SQUEEZED- now have to short cover- Supermaxx will zoom up to Rm 5-00 easily.

There are always clowns joining in the fray here and giving their unsolicited pathetic advise. Simply despicable weirdos.

SHORTIES will be Short squeezed to death- together with their pathetic TROLLS.

TG will bounce back to RM6.00 by next week.

Supermax will stabilise at around Rm6.80 in June and will remain in the KLCI index.

Foreign funds are accumulating for the past 2 weeks. They are happily accumulating on the cheap at rock bottom prices. Very smart investors- they know Supermax is massively undervalued- TPE of just 3 times.

The coming quarter ending 31st March - Supermx is expected to announce a PAT of at least RM1.28 billion.

Foreigners grabbling Supermax at dirt cheap prices - with compliments of SHORTIES pressing it for the past 3 months.

SHORTIES will be short squeezed to death. They bloody well deserve it.

Top Glove, Supermax, Kossan, Hartalega: Foreign Investors.
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It is no secret that foreign investors haven't been the biggest fans of Bursa for a while now. It is interesting that foreign investors have continuously been buying into one sector since the beginning of the year.

According to data by CGS-CIMB, number 1 in the net buy list of foreign institutional investors in Malaysia since the beginning of the year, is Top Glove, followed by Supermax. A distant third is Press Metal, and Kossan comes fourth right after that. Hartalega is eighth. Here is how the top 10 list of net buys for foreign investors YTD looks like:

Stock.............................Net Buy (RM million)
TOPGLOV..............................956.7
SUPERMX.............................421.9
PMETAL................................189.9

CGS-CIMB gave the data- you can get it from them if you are not convinced.

"Top Glove Corp. and Supermax Corp. are among the top stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit ($340 million), according to CGS CIMB Research."

By the way what is self condolences.?????

You just want to see Supermax drop in value as if your life depend on it. Strange - U must be Psychotic

-----------------------------------------------
@ Glovefinish-There is no data available whether any forreign funds accumulate buying supermx now u never know, only guessing for self condolences and it might be JPM shorties to buy back slowly without pushing up the price to cover its short position only.

Don't get hysterical naysayers- Supermax will stabilise at around Rm6.80 in June and will remain in the KLCI index.

Foreign funds are accumulating for the past 2 weeks. They are happily accumulating on the cheap at rock bottom prices. Very smart investors- they know Supermax is massively undervalued- TPE of just 3 times.

The coming quarter ending 31st March - Supermx is expected to announce a PAT of at least RM1.28 billion.

4th wave looms in Malaysia, warns expert

Author: savemalaysia | Publish date: Wed, 7 Apr 2021, 11:55 AM

KUALA LUMPUR: Should Malaysia experience the dreaded fourth wave of the Covid-19 pandemic, it will most likely come from borders being reopened to allow for interstate travel.

In suggesting this, epidemiologist Dr Malina Osman said this was based on the number of cases recorded and infectivity rates that had spiked to 1.01 from 0.8 recently.

A Ramadan or Hari Raya Aidilfitri exodus, she said, would likely trigger a fourth wave of the pandemic in the country.

LATEST ON BLOOMBERG


Overseas Funds Are Loving Malaysia Glove Stocks Again After Selloff
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By Tien Hin Chan

7 April 2021, 08:29 GMT+8 Updated on 7 April 2021, 11:25 GMT+8

Top Glove, Supermax top net buy list of foreigners: CGS CIMB
Glove stocks still have significant value.

Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.

Top Glove Corp. and Supermax Corp. are among the top three stocks on the buy list of foreigners this year through April 2, attracting net inflows of 1.4 billion ringgit ($340 million), according to CGS CIMB Research. Global funds bought a net 189.9 million ringgit of Press Metal Aluminium Holdings Bhd., the brokerage said in a report.

Top Glove, Supermax shares are among the worst performers this year
Shares of glove makers were one of Asia’s hottest pandemic trades for much of 2020 before the rollouts of vaccines around the world weakened their appeal and became targets of short sellers. The three biggest glove stocks, including Top Glove Corp., are the worst performers in Malaysia’s benchmark equity gauge this year.

“There is still significant value to be derived from Malaysian glove players which command 65%-68% of the global market share,” Kenanga Investment Bank Bhd. said in a report. Glove stocks are trading at “unwarranted” 6 times to 10 times 2022 price-earnings ratios and offer dividend yields of 6%-8%, it said.

Top Glove and Supermax climbed more than 2% each on Wednesday. They have slid more than 50% from their October peaks, dragging valuations to rock bottom levels. Top Glove trades at about six times forward 12-month earnings, versus its one-year mean of 15.3 times.

Supermax is priced at 3.8 times compared with its average of 15 times, Bloomberg-compiled data show.

https://www.bloomberg.com/news/articles/2021-04-07/overseas-funds-loving-malaysia-glove-stocks-again-after-selloff

@ Knm_botomed- Q results should be out by the 1st week of May.

Glove makers in for strong earnings.
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Tue, Apr 06, 2021


PETALING JAYA: Glove makers, will be leading the charge for strong corporate earnings this year.

Glove stocks are expected to continue their winning streak.

In its outlook note, TA Research said corporate earnings would show a significant surge this year especially due to the strong contribution by the glove makers.

“The four glove companies under our coverage, Top Glove Corp Bhd, Hartalega Holdings Bhd, Supermax Corp Bhdand Kossan Rubber Industries Bhd will witness a surge in their aggregate profits to RM20.8bil in 2021 versus RM10.9bil and RM1.8bil in 2020 and 2019 respectively, ” it said.

The USA -CBP is in cahoots with the JPM Shorties from the looks of it. They blatantly assisted SHORTIES to attack the GLOVE sector- particularly TG shares.
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The U.S. CUSTOMS AND BORDER PROTECTION ("CBP") is totally reckless/irresponsible in their statement made on 29th march regarding the ban on TG gloves to the US.

NOW they deny their earlier statement and are saying this now :-

"Top Glove is currently working on to address and fully remediate the identified issues expeditiously. The additional rectification and verification works relate to :

i. identity documents retained by recruitment agents to be returned to the workers, which affects less than one percent of its workers

ii. remediation for workers who did not manage to come to Malaysia to work due to Covid related lockdowns "

The Securities Commission should seriously look into the manipulative manoeuvres of short sellers-SHORTIES-

They just bring destruction to BURSA

The USA -CBP is in cahoots with the JPM Shorties from the looks of it. They blatantly assisted SHORTIES to attack the GLOVE sector- particularly TG shares.
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The U.S. CUSTOMS AND BORDER PROTECTION ("CBP") is totally reckless/irresponsible in their statement made on 29th march regarding the ban on TG gloves to the US.

NOW they deny their earlier statement and are saying this now :-

"Top Glove is currently working on to address and fully remediate the identified issues expeditiously. The additional rectification and verification works relate to :

i. identity documents retained by recruitment agents to be returned to the workers, which affects less than one percent of its workers

ii. remediation for workers who did not manage to come to Malaysia to work due to Covid related lockdowns "

The Securities Commission should seriously look into the manipulative manoeuvres of short sellers-SHORTIES-

They just bring destruction to BURSA

TG- the worlds largest glove producer, pays the highest tax & dividends in Bursa a SCAM ???

You must be out of your mind or in local parlance - GILA.

Posted by EatCoconutCanWin > Apr 5, 2021 8:46 PM | Report Abuse

This company already been black list of force labour. This is fact n proven it was. If you think this is the value of investing into scam company then go ahead.

US CBP tells Top Glove to do more to rectify labour issues
=============================================

US CBP tells Top Glove to do more to rectify labour issues

KUALA LUMPUR (April 5): Top Glove Corp Bhd has been instructed by the US Customs and Border Protection (CBP) to carry out additional rectification and verification works in relation to its efforts addressing forced labour issues.

In a bourse filing, the group announced that one of the additional rectifications is to return workers' identity documents retained by recruitment agents.

According to Top Glove, this impacts less than 1% of its workers.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145498

LATEST ON USA_ CBP

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145498

BREAKING NEWS---


JPM & the Edge Manipulated the ISSUE big time.
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As todate, no disposable gloves have been seized pursuant to the Withhold Release Order. There is also no financial and operational impact to the Company based on current assessment.

As Per U.S. CUSTOMS AND BORDER PROTECTION ("CBP") ORDER


Dated 5th April 2021

AS I SAID EARLIER, JPM , SHORTIES & the Edge Manipulated the ISSUE big time.
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As todate, no disposable gloves have been seized pursuant to the Withhold Release Order. There is also no financial and operational impact to the Company based on current assessment.

As Per U.S. CUSTOMS AND BORDER PROTECTION ("CBP") ORDER


Dated 5th April 2021

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OTHERS TOP GLOVE CORPORATION BHD ("TOP GLOVE" OR THE "COMPANY") PROGRESS TOWARDS RESOLUTION OF U.S. CUSTOMS AND BORDER PROTECTION ("CBP") ORDER

TOP GLOVE CORPORATION BHD

Type Announcement
Subject OTHERS
Description TOP GLOVE CORPORATION BHD ("TOP GLOVE" OR THE "COMPANY")
PROGRESS TOWARDS RESOLUTION OF U.S. CUSTOMS AND BORDER PROTECTION ("CBP") ORDER
Reference is made to our announcement made on 30 March and 1 April 2021 with regard to the U.S. Customs and Border Protection (CBP).



Top Glove wishes to announce and update that it had subsequently clarified with CBP that no new additional issues on forced labour have been discovered as per our Press Statement on 1 April 2021. CBP has requested Top Glove to carry out additional rectification and verification work in relation to the earlier findings, which Top Glove is currently working on to address and fully remediate the identified issues expeditiously. The additional rectification and verification works relate to :



i. identity documents retained by recruitment agents to be returned to the workers, which affects less than one percent of its workers

ii. remediation for workers who did not manage to come to Malaysia to work due to Covid related lockdowns



As todate, no disposable gloves have been seized pursuant to the Withhold Release Order. There is also no financial and operational impact to the Company based on current assessment.



Top Glove remains committed to the welfare, health and safety of our workforce.



This announcement is dated 5 April 2021.