BREAKING NEWS---


JPM & the Edge Manipulated the ISSUE big time.
--------------------------------------------------------------
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.
--------------------------------------------------------------
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

-------------------------------------------------------------------------------

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.

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.

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.

One shouldn't be bothered on day to day price movement if you NOT a trader. What I can safely say is that this stock has massive potential to reach RM2-00 by end of year.
A bonanza will be waiting for the longer term investor as Silterra need at last 2-3 years to ramp up production.

The catalyst- The BGP Chiha technology & massive China market, absolutely HOT chips sector & booming EV ( Auto) sector.

Uncle Warren would have said neither- because Uncle likes companies that reinvest their profits. The stock is currently establishing a strong foothold in USA and Europe and is touted as OBM king.

Posted by lee901 > Apr 4, 2021 11:21 AM | Report Abuse

So if u ask warren buffet....to invest in tg or harta better?

@moneymakerz- Well said Bro.

@invest_malaysia, in stock market, no need to take pride in your opinion when the market shows you are right. it's just childish. You share knowledge, if people take it, take it lo. But if you bask in it, show that serve you right. THat's just bad karma. Those call for long and ask people to invest one, why not? Its their money anyway.

Be a class above dude, call a spade a spade. No one can predict the future. you are right this round. Will you be always right? i3 is already full of trolls, full of nonsence comments. 'run, gg...'

Investment is always about risk reward balancing. No one owes anyone anything.

SUPERMAX fully complies with International Labour Standards & Ethics
------------------------------------------------------------------

SEDEX is one of the world’s leading ethical trade service providers, working to improve working conditions in global supply chains. It provides practical tools, services and a community network to help companies improve their responsible and sustainable business practices, and source responsibly.

SMETA is an ethical audit format which reports on Sedex's four pillars of labour, health, safety and environment in reflecting good business ethics.

The Supermax Group is fully committed towards social compliance and strives to ensure that there are no forced labour practices at its factories and have implemented various initiatives towards this end.

@ John Fook. - There were 5 major pandemics within 100 years. Get your facts right Bro.

Some pandemics that have occurred throughout history include:

1918–1920: Spanish flu (H1N1)
1957–1958: Asian flu (H2N2)
1968–1969: Hong Kong flu
2009–2010: Swine flu (H1N1)
2020: COVID-19
----------------------------------------------------------------
Posted by JohnFook > Apr 3, 2021 10:18 AM | Report Abuse

Pamdemic comes in every 100 years onces.....just wait with your glove shares

LATEST ON GLOVES SECTOR. Demand Remain Robust
-----------------------------------------------------------------

ASP - Still Strong

However, we do not expect ASP to fall off a cliff despite average lead time being reduced from 300 days in early Jan 2021 to 200 days currently, compared to 20-30 days pre-COVID-19 supported by post-pandemic demand growth averaging 15%-20% per annum.


Lead times reduced but still elevated.

ASP trend is expected to soften in subsequent quarters albeit at a slow pace on the back of still robust demand. Malaysian glove players which commands 68% global market share and have consistently evolve and innovate in terms of capacity, products and plant modernization via automation.

Global demand growth at 15-20% per annum post-COVID-19.

According to the Malaysian Rubber Glove Manufacturers Association, the global shortage of rubber gloves will sustain beyond 1Q 2022 with growth rate averaging between 15% and 20% per annum going forward compared to pre-COVID-19 of 8%-10%.


Heightened Hygiene Awareness

Heightened hygiene awareness extending beyond the healthcare sector. Incremental volume growth is expected from new users of examination rubber gloves including nitrile and latex-based ones.


A Resurgence of COVID cases- 3rd Wave hits Europe.

Latest news reports that resurgence of COVID cases have led to lockdowns in Europe as the third wave of COIVD has swept across Europe. Several European countries in certain parts are extending or reintroducing lockdown.

Glove666- Supermax is being "pressed" by Short sellers-they have their agenda - for all you know ST is collecting at bargain prices thru a nominee - and probably take it private. In addition gloves are suffering from bad publicity & sentiment- this will return but may take time. Yes time do heal the afflicted.

Just my 2 cents.

Posted by Glove666 > Apr 2, 2021 4:25 PM | Report Abuse

@Goldberg, thumbs up for your nice analysis.
But without funds pushing it up, it remains as so only.

Supermax is trading at a Forward PE of Just 3 times.- while sitting on RM3.8 Billion cash pile. And this cash pile is going to swell to RM6 billion by end of year.

At rm 3.98- Supermax is the cheapest Glove stock in the world. By end of year each Supermax share will be backed by at least RM2-00 CASH.( per share)

A fair valuation is at least Rm8- as the pandemic is going to be around for a long time due to mutation-thanks to vaccines in keeping the mortality rate low.

Super has reached rock bottom and on its way up - albeit gradually.

Supermax is still being manipulated by SHORTIES, be careful.

Opportunity to buy into weakness in glove stocks.- TP for Supermax RM7.80
-------------------------------------------------------------------------------
KUALA LUMPUR (April 2): Investors should take the opportunity to position themselves in glove stocks given their share price weakness over the past few months on the back of still robust demand for gloves.

“We believe the [glove] players’ share price retracements of 50 to 60% over the past few months have been priced in ahead of a gradual price retracement in the average selling price (ASP) trend moving into the second half of 2021 (2H21), presenting a buying opportunity,” said Kenanga Research in a note today.

Among the glove stocks under the research house’s coverage, it said those counters are currently trading at six times to nine times financial year 2022 (FY22) price-earnings ratio (PER) and offering a dividend yield of 6% to 8%.

The research house added that it does not expect ASPs to fall off a cliff in this year despite average lead time being reduced from 300 days in early January 2021 to the still elevated 170 days currently (compared with 20 to 30 days during the pre-Covid-19 period).

Although sentiment on the sector is diminishing, the research house said the lead times suggest that CY22 demand will remain strong from increased demand brought by heightened hygiene awareness extending beyond the healthcare sector. Incremental volume growth is expected from new users of examination rubber gloves, including nitrile and latex-based ones.

“In our view, from the perspective of a long-term investor, we still see significant value being derived from Malaysian glove players, which command 68% global market share and have consistently evolved and innovated in terms of capacity, products and plant modernisation via automation,” said Kenanga.

Overall, Kenanga maintained its “overweight’ call for the sector and said the target PER of glove stocks is conservatively at a 30% discount to the five-year historical forward mean averaging between 15 times and 28 times with earnings expected to start normalising moving into 2022.

Other glove stocks under Kenanga's coverage also have "outperform" ratings, namely Top Glove Corp Bhd (TP: RM6.80), Supermax Corp Bhd (RM7.80) and Kossan Rubber Industries Bhd (RM6).

Keyman- Public Bank's TP is realistic ya, thanks. well spotted. Cheers.!

PUBLIC BANK- LATEST TARGET PRICE- TOP GLOVE

Stock : TOPGLOV

Price Target : 7.60

There was no systemic forced labour within the group as of January 2021- Impactt
---------------------------------------------------------------------

The world’s largest glove maker having taken all the necessary measures to prevent breaches of its labour procedures.

Impactt, an independent consultant found no systemic forced labour within the group as of January 2021.

The US CBP- feel free to come and check instead of making sweeping baseless statements- they must have got fake information from JP Morgan- their beloved bank.

NO NEW ADDITIONAL ISSUES - TOP GLOVE
==================================

TOP GLOVE wishes to update and clarify that there is NO NEW ADDITIONAL ISSUES on forced labour being discovered or added but there are a few rectification and verification works required on the earlier findings.

JPM - SHORTIES -back at it again- Fake news again - to create PANIC.

NO NEW ADDITIONAL ISSUES - TOP GLOVE
==================================

TOP GLOVE wishes to update and clarify that there is NO NEW ADDITIONAL ISSUES on forced labour being discovered or added but there are a few rectification and verification works required on the earlier findings.

JPM back at it again- Fake news again - to create PANIC.

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 2021 with regard to the U.S. Customs and Border Protection (CBP).



On the recent findings by the CBP, the Company wishes to update and clarify that there is no new additional issue on forced labour being discovered or added but there are a few rectification and verification works required on the earlier findings.



Top Glove continues to actively engage with CBP towards addressing and fully remediating the issues identified immediately/speedily.



We reiterate our strong commitment to the welfare, health and safety of our workforce. We aim to be a leading responsible company in Malaysia and worldwide.



This announcement is dated 1 April 2021

Top Glove - Earnings Outlook Still Positive
-------------------------------------------------

Source : HLG, Price Call : BUY, Price Target : 8.14

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 2021 with regard to the U.S. Customs and Border Protection (CBP).



On the recent findings by the CBP, the Company wishes to update and clarify that there is no new additional issue on forced labour being discovered or added but there are a few rectification and verification works required on the earlier findings.



Top Glove continues to actively engage with CBP towards addressing and fully remediating the issues identified immediately/speedily.



We reiterate our strong commitment to the welfare, health and safety of our workforce. We aim to be a leading responsible company in Malaysia and worldwide.



This announcement is dated 1 April 2021

PUBLIC BANK- LATEST TP

TOPGLOV Price Target : 7.60 | Price Call : TRADING BUY

https://www.wsj.com/articles/frances-macron-under-fire-for-pandemic-strategy-weighs-tougher-lockdown-11617202598

https://www.wsj.com/articles/frances-macron-under-fire-for-pandemic-strategy-weighs-tougher-lockdown-11617202598

@moneymakerz- Well said Bro.

@invest_malaysia, in stock market, no need to take pride in your opinion when the market shows you are right. it's just childish. You share knowledge, if people take it, take it lo. But if you bask in it, show that serve you right. THat's just bad karma. Those call for long and ask people to invest one, why not? Its their money anyway.

Be a class above dude, call a spade a spade. No one can predict the future. you are right this round. Will you be always right? i3 is already full of trolls, full of nonsence comments. 'run, gg...'

Investment is always about risk reward balancing. No one owes anyone anything.

SC should suspend RSS-Short selling- as it will only bring destruction to our already feeble BURSA.

Its high time SC be responsible to the investing public.

RSS only rewards the big time Crooks/Thieves/ Manipulators - JPM , IBs et all.

SC should suspend RSS-Short selling- as it will only bring destruction to our already feeble BURSA.

Its high time SC be responsible to the investing public.

RSS will only bring destruction to the masses and profits to the Manipulators - JPM , IBs et all.

Mr Cadol Cheung, Managing Partner of CGP said, “At CGP, we have the experience in acquiring strategic assets, putting in the necessary resources, and successfully turning businesses around. We bring in deep industry knowhow from manufacturing to the entire value-chain, business contacts given the many years in operations and investing in the industry, and customers to our portfolio companies.”

Dnex- the multi bagger in the making.

This piece of news will put all the doubting Thomases with regard to the signing of the deal with Khazanah-to rest. Sit back , relax and enjoy the uptrend folks.

DNeX and strategic partner acquire SilTerra for RM273 million
-------------------------------------------------------------------
Cyberjaya, 31 March 2021 – Dagang NeXchange Berhad (“DNeX”) and Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership) (“CGP Fund”) have signed a share sale and purchase agreement (“SSPA”) with Khazanah Nasional Berhad (“Khazanah”) to acquire 100 per cent stake in Khazanah’s semiconductor unit, SilTerra Malaysia Sdn Bhd (“SilTerra”), for RM273.0 million which will be satisfied entirely with cash.

Based on the SSPA, DNeX will acquire a 60 per cent equity interest in SilTerra while CGP Fund will acquire the balance 40 per cent equity interest. The purchase consideration for DNeX’s 60 per cent stake will amount to about RM163.8 million, which will be funded through a combination of proceeds to be raised from a proposed private placement, internally generated funds and/or borrowings.

DNeX and CGP Fund have also committed to a capital injection of at least RM200.0 million by way of subscribing for new ordinary shares to be allotted and issued by SilTerra. From the capital injection, approximately RM150.0 million will be mainly utilised as capital expenditure to upgrade SilTerra’s equipment and manufacturing capabilities in new technologies with the remaining allocated for working capital. Based on DNeX’s 60 per cent equity stake, the capital injection by DNeX shall amount to approximately RM120.0 million.

The acquisition is expected to be completed by the end of the second quarter of 2021 with the capital injection expected to be within 180 days thereafter.

MAA should look into Digital Banking as their new core business.

-----------------------------------------------------------------------------------
BNM to issue up to five licences for digital banks by 1Q22


Author: savemalaysia | Publish date: Wed, 31 Mar 2021, 12:52 PM

KUALA LUMPUR (March 31): Up to five licences for digital banks may be issued to qualified applicants by the first quarter of 2022 (1Q22), said Bank Negara Malaysia (BNM).

It said the successful applicants will have to be able to demonstrate a strong value proposition focused on the unserved and underserved segments and have the ability to meet regulatory requirements to safeguard the stability of the financial system.

The central bank issued a policy on Licensing Framework for Digital Banks on Dec 31, 2020, wherein the licensing of new players with innovative business models are expected to serve the economy and contribute to the well-being of Malaysians.

“Through the use of agile technology platforms and data analytics, digital banks are expected to widen the offering of banking products and services that are more targeted towards solving Malaysian consumer pain points, particularly for the unserved and underserved consumer segments.

“The bank will adopt a proportionate regulatory framework as well as require digital banks to observe limits on aggregate asset exposures during the initial years of operations,” said BNM in its Annual Report released today.

Well said @ Ryan83

Posted by @Ryan83 Stock: [SUPERMX]: SUPERMAX CORP BHD
Sep 15, 2020 8:02 PM | Report Abuse

Just buy and hold coz Supermax will announce billions of profits next year.As investor we all know current price is undervalue not worthy to sell since target price is still far away.


Posted by Ryan83 Stock: [SUPERMX]: SUPERMAX CORP BHD
Sep 15, 2020 5:54 PM | Report Abuse

Happy Malaysia Day...Get ready for new bull wave starting Thursday until next quarterly result announcement mid-November follows by company AGM to declare ex-date of 1 treasury share for every 45 ordinary shares.


Posted by Ryan83 Stock: [SUPERMX]: SUPERMAX CORP BHD
Sep 15, 2020 1:52 PM | Report Abuse

Glove companies very good prospect.Top Glove chairman said waiting time for glove delivery increases up to 600 days(20 months) compares to pre-Covid 19 30 days(1 month).

Very high share price upside until next year especially Supermax.

@ i3lurker - Many thanks for your advise & humour. Thanks also for popping here for lifting the gloom & doom as portended by hardcore naysayers.

Supermax: Trading at Forward PE of 3.3 While Sitting on RM3.6 Billion Cash Pile
----------------------------------------------------------

Supermax best describes the extent of irrationality of the market right now.

Supermax is currently trading at RM4.18. Ten analysts cover the stock (and all ten have "BUY" calls on it), and they have an estimated consensus PAT for FY21 at RM4.15 billion, and for FY22 at RM2.44 billion. Both of these estimates are at relatively low standard deviations. In fact, excluding KAF's bearish estimates, the standard deviation drops by about 30%. KAF have given a PAT estimate for FY21 at RM3.542 billion, which means that they expect the company will earn a total of RM1.642 billion over the next two quarters.

The company has already declared PAT of approximately 1.9 billion for the first half of FY21, so the remainder is RM2.25 billion. Assuming even distribution of profit in FY22, the first two quarters of that financial year should result in total PAT of RM1.22.

Thus, the total estimated PAT for the next one year should be RM3.47 billion, or EPS = RM1.275.

This means that the 1-year forward PE at present is 3.3.

MAA is dirt cheap- great opportunity to accumulate - you don't get this golden opportunity that often. Fairly valued at least RM2.00.

Dnex has massive growth potential viz its foray into the best sector in the world now ie semiconductors (JV with China's BGP).

Investors should not be perturbed by those pesky naysayers.

Just ignore those irritating clowns.

Global auto plants now idle as chip supplies dry up
---------------------------------------------------
Author: Tan KW | Publish date: Wed, 24 Mar.

MANY of the world’s biggest automakers are suspending operations at their factories in Asia, Europe and North America due to a persistent shortage of semiconductors that was exacerbated by a fire at a key chip-producing plant over the weekend.

Ford Motor Co., Toyota Motor Corp., Volkswagen AG and Honda Motor Co. are among those affected by problems with the supply of semiconductors, which are used in vehicles to manage and monitor everything from engine and driving performance to air-conditioning and entertainment systems.

"Production is really vulnerable right now, ” Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out.”

The shortage initially came about as rising demand for cars coincided with a boom in the market for devices such as laptops, webcams and gaming systems as people spent longer at home due to the pandemic.

That diverted chips away from the auto industry, which had earlier slashed orders after Covid-19 caused their sales to collapse.


SilTerra to ramp up production to save the world auto industry- lol.

Its always the case, after the massive flushing comes the big surge- like a ladder moving upwards step by step towards Rm2-00 latest by August.

To win big, you need to be patient folks.

Asia markets fall again as virus fears hit confidence-Covid wave has returned with gusto.
--------------------------------------------------------------------------------
24 MAR 2021
AFPPIX

HONG KONG: Asian markets extended losses Wednesday as renewed virus and vaccine fears returned to haunt investors as Europe faces a fresh spike in infections and lockdowns that could knock the economic recovery off course.

After several weeks of worrying that an expected resurgence in global growth will fan inflation and force central banks to hike interest rates, the fear of another Covid wave has returned with gusto.

There you are - how right was I, such petulance will only reflect your mentality.

Is it glovefinsh ? you sound very immature- maybe mentally you are around 18 years.

@glovefinish, were you born in 1997 by any chance? Looks like you were wearing nappies then.

Well said Valueinvestor888.

That clown is obviously NEW to the stock market- political uncertainties ie PAS's determination to clamp down gambling will be a drag on Gaming stocks especially GENTING.

Genting Malaysia faces economic and political conundrum amid pandemic

02/27/2021

From a political standpoint, here’s another dilemma: with PAS being a member of the Perikatan Nasional (PN) Government, how will its stance against gambling affect Genting’s casino business? After all, the Islamist political party has iterated time and again its desire to eradicate all gambling activities in Malaysia by 2025.

More importantly, if PN manages to remain in power by the next general elections, is the gambling industry going to be on the receiving end of any PN policies that will restrict gambling in the country? How will this, then, affect Genting’s businesses?

-----------------------------------------------------------------

A Switch to Gloves especially Supermax will be a wise move.

Turning Point for Malaysia Stocks Beckons as Foreigners Pile In Especially Supermax
----------------------------------------------------------------------
By Tien Hin Chan and Abhishek Vishnoi
24 March 2021,

Bloomberg.

Foreigners may turn net buyers in March after almost two years. Malaysia shares have lured a net $97 million inflow this month.

The top three stocks that attracted foreign inflows were Supermax, D&O and Maybank.

Overseas investors have been pulling out of Malaysian equities for 20 straight months. March could mark the turn of the tide.

Foreigners have poured a net $97 million into local stocks this month through March 22, while withdrawing a combined $1 billion from four other Southeast Asian markets tracked by Bloomberg.

The inflows come as valuation of Malaysia’s main equity gauge is now the cheapest in the region while the dividend yield of 3% is the highest among major Asia Pacific indexes after Singapore.

Global stocks drop as rising coronavirus cases in Europe worry investors
-------------------------------------------------------------------------
Harry Robertson
Mar. 23, 2021


Global stocks fell on Tuesday, as rising coronavirus cases in Europe worried investors and US futures slipped after a tech rally on Monday

Dow Jones futures were down 0.33% and S&P 500 futures were off by 0.36%. Nasdaq 100 futures slipped 0.31% after the index rose 1.71% on Monday when bond yields eased.

China's CSI 300 fell 0.95% overnight while Japan's Nikkei 225 slipped 0.61%.

In Europe, the continent-wide Stoxx 600 index fell 0.58% while London's FTSE 100 slipped 0.4% despite the UK unemployment rate unexpectedly falling to 5%. Turkish stocks sank as much as 7% before recovering after the president sacked the country's central bank chief.


https://markets.businessinsider.com/news/stocks/stock-market-today-global-shares-coronavirus-jerome-powell-janet-yellen-2021-3-1030235318

CIMB-Market Strategy-

Foreigner Funds still accumulating SUPERMAX

Key observations on flows for the week ended 19 Mar 2021
------------------------------------------------------------
1. Retail investors emerge as the sole net buyers of Malaysian equities
Their net buying momentum rose 183% wow to RM527m, lifting their YTD net buy position to RM4.8bn. Retail investors were buying technology, utilities and healthcare sectors. The top three net buys during the week were Tenaga, Top Glove and Widad.

2. The top three stocks that attracted foreign selling were Tenaga, DNEX and Inari, while stocks with the highest foreign inflows were Supermax, D&O and Maybank.

3. Local nominees were net sellers of RM32m in second consecutive week of net selling
This lowered nominees’ YTD net buying in equities to RM1.2bn. Nominee investors' top three net sells during the week were WIDAD, MRDIY and LKL.

4. Local institutional investors on their 15th consecutive week of net selling
The good news is their net selling fell 4% wow to RM352m, bringing YTD net selling to RM4.5bn.

The Edge posts fake news today on TOP GLOVE and later deletes it. This shameless The Edge obviously is working for JP Morgan forever writing baseless news on Gloves Big 4- particularly Top Gloves & Supermax.

TG should sue The Edge & a=not just accept the "SHIT" being published.


We should all boycott The Edge.
----------------------------

https://www.theedgemarkets.com/article/top-glove-falls-much-593-second... page not found anymore guys... after they post and did damage then deleted thepage

TA Securities- In its strategy report said with a third wave of the Covid-19 pandemic spreading across Europe, due to the more contagious B.1.1.7 variant of the virus or better known as the UK variant, there is a high likelihood for momentum trades in glove stocks.

With the key glove players’ price- to-earnings ratio ranging from a very low single digit in 2021 to mid-teens in 2023 and dividend yield dropping to around mid-single digit in 2023 from teens in 2021, these stocks still appear palatable compared to most stocks with similar market capitaliation that trade at much higher valuation multiple with lower dividend yield.

It has a Buy on Hartalega (TP: RM17.12),
Kossan (TP: RM7.05),
---------------------------
Supermax (TP: RM12.33) and
---------------------------
Top Glove (TP: RM7.80).