不错的分析，你是用什么平台/app来看它的share holders breakdown，多少票在外面versus机构与private公司拥有的股票/股权。。

Wang trader maybe correct don’t trade Kossan or Topglove for super short term ( 2days to 1 week),if retail investors got confidence for Kossan, should hold it for 12 months to 2 years, dividend yield is more than 15% if using share price of RM1.75-1.80 to calculate… In term of value n less negative issues , Kossan is better than Harta n Topglove but many retail investors don’t look at value that much , they prefer buying Topglove or Supermax… For RSS, that the professional funds doing with their advantage against retail investors but room fo drop for Kossan is much smaller than Topglove n Super… I believe Kossan bottom should be at 1.65-1.75 whereas Topglove still can drop to 1.60-1.80 if negative news coming out again …

Those new retail investors being too pessimistic n cautious until can’t see the value of Kossan ; many of us are not glove fans of last year or beginning of this year but if u know share investment n value investing, the value of Kossan then Harta n Topglove started to show recently… Topglove has made 2-3 big mistakes as I said in previous comments , share buy back of Topglove actually a big mistake coz burning her cash level n bought at high price level, very unwise… As long as Kossan able to post PAT of Rm200-220 mil , it shows Kossan can maintain profit level much better than Topglove ( Topglove lost the US market for 8-9 months n need time to get back orders from US buyers ) n Supermax… At below 1.90, even 10-15% cheaper than pre pandemic share price, buying Kossan has little risk compare to buying Inari at 4.00 or even lower risk than buying Topglove at 2.00.. don’t just look at the TP of few local research houses, they can adjust TP as big quantum as 40-60% per month ..:)

Am research given TP of 30 cents is kind of too low n even lost the largest customer, still got chance to get major customers to substitute half of Dyson volume in next 4-5 months … Unless this issue turn to be bigger issue n most US n U.K. companies reluctant to give sales to Ataim then maybe worth 35-45 cents, the logic of many research houses can be irrational or they want to exaggerate the scenario…

The comments here need to be logical n rational … Those pessimistic investors keep saying the top 2 manufacturers of China will flood the market with cheap gloves , this need to see the top 2 can produce how huge quantity in 2022 n our top 3/4 manufacturers have been in the market for more than 16-20 years, the expansion plan of top 7 manufacturers in world should be being cut dramatically due to much lower ASP in 2022… Those new entry into glove sector will face huge losses n can’t compete with big 4.. One more thing , the top 2 manufacturers in China mainly selling to China n some of the Asian countries n EU whereas our top 4 rely more on US n Canada market than EU market ( if I m not mistaken )…. The few research houses suddenly turned to even more pessimistic than 3-4 months ago as if pandemic already ended n those biggest manufacturers don’t know to cancel expansion plan …

This incident n further investigation of VS labour issue will affect the retail investors n funds have been investing in listed EMS companies… The valuation of these companies was high 4-5 months ago n it may trigger the market n research house to adjust down the TP for VS as well … The forced labour issue would make the cost of production at EMS companies to go up , same happened to big 4 glove manufacturers whereas the international brand like Dyson n so on continue to insist handsome profit margin while squeezing the EMS companies like VS, ATAIMs…

Stock raider is not talking business sense as well ; EMS/ electronic manufacturers can provide much better paid/ salaries than Topglove or other smaller glove manufacturers n with the labour organisation keep targeting local manufacturers, it is wiser to hire more local workers to reduce the risk n more automation in production… The thought of local people don’t want to work in factories or one Bangladeshi equal to 3 local people in productivity , more like myth than fact … Yup, the working attitude of many Bumi then Chinese n Indians r below average when compare to migrant workers who willing to work 10 hours a day but after more than 20 years, the thought of rely on migrant workers is much better than hiring local or be balance in hiring still affecting the thoughts of many big bosses n top management of manufacturers…

With the forced labour issues haunting glove manufacturers then now targeting ATAIMs n VS, it is obvious huge manufacturers rely too much on migrant workers n it looks like they r more likely to file complaints to those international/ US/ U.K. labour organisations than 4-5 years ago … The top management of many local manufacturers should speed up the process of more automation in production n hire more local employees… The government n Human resource ministry should look into the existed problems n giving some guidance to those large size manufacturers…

Besides ATAIMs n VS, which electronic electrical companies taking orders from Dyson ; labour issues will continue to haunt manufacturers in Malaysia if the US n U.K. labour organisations want the local manufacturers to upgrade their standards… Gogreen comments of last 1-2 weeks really below average, one person asked don’t buy the warrants coz not in value also being attacked by him ..:)

Even though Amresearch is more reliable than HLG/ HL research n smaller firm like Kenanga in giving target price to listed companies in last 12-18 months but setting TP of 30 cents still too low n irrational . If ATAIMs ‘s top management after more than 10-12 years in this sector still can’t secure other major customers to replace revenue loss from Dyson ( find some major customers to replace half of the revenue of Dyson first )then it showed even listed companies with market cap of more than 2 billion , their top management still kind of below average…. If want to follow the US n U.K. labour issue standard , believe half of the listed manufacturing companies in Malaysia should violate their standards …

If the top management can secure biz from 2nd n 3rd largest clients of the company n the damage still can be managed to certain extent, it is irrational to think to drop to below 20-25 cents whereas 1 month ago few research houses still given target price of RM2.00-2.50( kind of funny )… Labour issues maybe able to be solved but it looks like more n more companies facing the bad name of forced labour by the US n U.K. standard …

Be patient to buy at lower level ; market is bad n US market is dropping, don’t need to rush in so fast…

The shortage of aluminium n aluminium products being exaggerated by local research houses; next year profit before tax decide whether Press metal is overvalued or undervalued at 5.50-6.00 but with top Chinese manufacturers producing about 50% of the aluminium of the world, the aluminium prices at china should be good barometer to think whether shortage of aluminium is reality or just a news being wild spread by western top investment banks then local research houses…

The optimistic toward D&O mainly due to Telsa share prices going up like rocket n EV is one of the major theme for next 10 years? But in term of valuation, D&O already in rich valuation, be cautious..

Those strong supporters of Press metal n those buying Pmetal at RM5.30-5.80 should blame HLG n their research team........GIven TP of 7.30 even Press metal has climbed up from RM3-3.50 12-15months ago to now, share prices at more than RM5.50 n market cap of RM46-48 billion.....Whatever counters or producers of products, metal products gone up more than 100-150% in 1-1.5 years time, time to be cautious, dont trust those research houses more than 60% should be safer nowadays...

China is able to make steel prices to drop, as i said the iron ore prices was dropped to USD105-115 level 4-6 weeks ago, steel prices n steel billets should follow.....but even drop to below 60 cents today , ppl here got no right to blame or to scold OTB..........Going up times, most just follow the ship to sail, while facing headwind then feel panic n anger....

What happened to head of analysts of HLG ? Given higher n higher TP to Press metal ( like last year those research houses given super high TP to Topglove) whereas the shortage of copper n aluminium actually being exaggerated by the West/ top investment banks… With the rich valuation of Pmetal n the prices of aluminium can drop back to USD2600-2800 in next year if those top producers of China n Asia boost their production, don’t see any point those research houses given high valuation of PE 40-45 of next year earnings to Press metal …

If more retail investors understand value , it is normal that few months or 1 year from now , the difference of NAV with share price of Icap can be reduced to 16-20%…. many don’t understand invest in shares not only care for dividend income , there is capital gain which can be more important than dividends … If Icap sell more SAM n Kelington in next few months , realised profits will show in quarterly profit…. I think NAV is most important thing of a closed end fund like Icap ..

SincereStock, has been investing in Suria for more than 1 year ? This counter started to see daily volume up …. If most retail investors playing short term, sincere advice is valid, lock up some of the profits while the counter keep going up …

Sell KGB warrant first … below 1.60 then value start to come in …:)

KGB warrant has gone up too fast by goreng factor … the company has potential but Kenanga setting too high TP whereas KLCI has no momentum to go up in this week …

So far information n studies of OTB n Mr business is above average than others for this counter, thanks probability to clarify n to mention only Ann Jo n Eastern steel using the BF method ( using iron ore ) to make steels or iron billets n slabs … I have read one article about 2 years plus ago that only Eastern steel n one more steel manufacturer using blast furnace to make steels/ iron billets n slabs in malaysia , which is much more efficient n cost saving than the other steel manufacturers in Malaysia … Eastern steel has turned around to be valuable asset of Hiap teck after top steel manufacturer, Jian Long become major shareholder of Eastern steel about 12-18 months ago …. The knowledge of OTB n Mr Business should be even more intensive n deep about this counter than KYY ( KYY only said this counter is undervalued at beginning of this year)… Eastern steel mainly involved in iron ore mining n producing iron billets n iron slabs , by right falling iron ore price should mean higher profit margin for its iron billets n slabs…. Steel industry should be reviewed by those investment banks after China decided to curb her exports 5-6 months ago n do agree the profitability of steel manufacturers have changed after China changed her policy of steel manufacturing n to comply with gas emission n so on …

OTB, I have read your analysis in July , overall your views r quite good ; I did know Eastern steel ( which is 35% owned by Hiap teck) using blast furnace to make iron billets n slabs… Eastern Steel also Involved in iron mining which mean it can have lower cost to make iron billets n slabs than most in South East Asia… U guys keep saying falling of iron ore ( iron ores has dropped more than 45-48% from peak in last 3-4 weeks) price will push to profit margin of Eastern steel but while iron ore prices has dropped, at rational forecast, iron billets n slabs should adjust down by at least 25% …. For my calculations, as long as Eastern steel can contribute 30-40 mil to Hiap teck , it is good enough to push the undervalued Hiap teck to above 70-75 cents in near future but I have one doubt , steel prices of ASEAN countries n Malaysia , will mostly follow China steel prices at China market , if the iron ore prices continue to be at USD100-115 level , I believe iron billets n slabs will drop more than 25% in Oct n Nov n the steel prices should adjust down in next few months ( I known China n USA facing high demand of steels now )…

Steel counters latest quarter result will drop at least 30% from previous quarter due to MCO n restrict to only 60% of manpower for most of the steel manufacturers for June...the good quarterly result of Hiap Teck n half of the steel counters maybe due to lower cost for their old inventory n for HIap teck, the associate company(Eastern Steel) involved in
iron ore mining n making of iron slab do push up the profit of HiapTeck..

Press metal is overvalued at above 5.10-5.20, be cautious...

Recovery is coming soon, buy into Genting as recommended by HLG n Kenanga ....:) But wondering Genting can break even in next 2 quarters or not ...

Investment banks like Aminvest , Public research, Maybank asking investors to buy into recovery counters like Genting , Airasia , steel manufacturers, banking to grab the bonus of recovery but Malaysia n most south east Asia countries r not like USA or China , our vaccination rate depends on supply of vaccines plus below average government will open more while cases dropping to below 3000... It will not as optimistic as those investors n some of the research houses think coz our government is not good at handling Covid 19 n poor in boosting the economy... risk is still quite high for next 3 months ...

Thailand n Malaysia facing same severe Covid cases ; if EMCO for 2-3 weeks, supply definitely will be reduced a lot in these few weeks... Only top 2 glove manufacturers in China able to push up production in year of 2021... ASP will maintain better in next 6 months due to lesser supply for next few weeks n Delta variant spreading fast ...

Thanks to Aminvest n HLG, many retail investors rush in to buy MRDIY since last year end ... TP of 4.40-4.80 but these 2 research houses whereas only earning RM390-430 PAT in financial year of 21.

With the common sense n business sense of top management of big 4 n Comfort , they still can adjust their expansion plans ..

Local investment banks/ research houses want the investors to feel more pessimistic than 3 months ago then they have come out few reports to talk the threats of big 4 glove counters while Delta variant started to spread in U.K., Europe , half of Asia n USA... If in 2022, supply a bit more than demand also don’t need to be over pessimistic coz big 4 n comfort can adjust their expansion plans in 2022-2023 ... The research houses still kind of optimistic while JP Morgan downgrading Topglove TP in last December then these 2 months , many local research houses turned to be pessimistic...

Local analysts r good at given high target price while they want the counters to go up ; big 4 glove manufacturers n Comfort can’t have a meeting to curb expansion plan of 2022 if the demand is so bad as Public research n Maybank research think ? New factories even can increase the supply but they r not good enough to source material n find overseas markets like the big 4, only China top 2 manufacturers created threats to our big 4 n as long as demand n supply almost equal in 2022, why so pessimistic ??

Maybank Research is ridiculous like public research... Only last 2 months turned to be pessimistic toward glove counters; Maybank research given target price of $33-34 to Topglove during last December n January of 21 whereas Affin Hwang given TP of $40-44 to Topglove, after 3-4 months or after JP Morgan given 3.50 to Topglove, they were still given very high TP in Feb n March ... Slow in downgrading but suddenly in June then few research houses turned very negative about glove counters...

The local research houses r really too much or below average in giving target prices; during last Sept to December, many research houses kept adjusting up the target prices every week n Affin Hwang given target price of $40-44 to Topglove whereas Maybank research also given higher than 32-33 to Topglove... Now Maybank research said golden time of glove counters already gone with wind, TP for Topglove only RM3.98( equal to ex bonus issue of RM11.90-12) n only given RM3.20 to Kossan whereas JP Morgan given Rm3.80 to Kossan 5-6 months ago ... Maybank as one of the reputable research houses also slow to downgrading glove counters, while glove already falling off, few research houses came out to say glove counters got very dark future in 2022-23...:)

Oh, has dropped to 1 month plus low of 61 cents... too many private placement in last 18 months ... Bursa-SC should restrict the private placement of those listed companies....

MRDIY is overvalued n only trust brokerage houses to max will go to buy DIY at above 3.50... Even at 3.10 , also overvalued..:)

Today quarterly result out? Wild guess, should be below 28-30 mil PAT.....:)

The fall of Kossan, Supermax, Topglove n Harta of last 5-6 days is less relevant to RSS coz RSS in Malaysia is not strong, being restricted to max ; even is selling short, why investors here keep mentioning JP morgan, JP morgan the first brokerage house to downgrade Topglove n Kossan to TP of 3.50 n 3.70-3.80 in last december but doesnt mean until now, they r still shorting the top 4 glove counters.... The fall should be triggered by retail investors n some funds....But Kossan at 3.30already at low level n showing value whereas Topglove at 4.35-4.45, still got room to drop further...

The US market is important for Topglove, Kossan n Harta ; since US banned Topglove to export to US market , the glove market being taken by Harta , Kossan then Supermax... No wonder latest quarter profit dropped so much for Topglove... US should start to ban Topglove to export to USA in Dec 2020 or Jan of 21, not last year Aug-Sepzzx

Many investors don’t like they implement too many times of private placement in last 12-18 months ; the business prospect is good , even though they wanted to expanded their biz , they should stop a while for their private placement... The below average Bursa n SC should limit the private placement to be cap at 15-20% or total outstanding shares for period of 2 years...

Today selling may mean some of the retail investors don’t want the warrants ( ex date is 23 June); whereas the market seems like slow to showed the threats by Delta variant n the rising cases in U.K. n Bangladesh, maybe Spain n Portugal as well ... Many retail investors only want to goreng short term but lack of understanding towards news in the market ... With quarterly profit of 210 million, even though next quarter earn 140-150 million , financial year of 21 still able to earn more than 400-420 mil ... PE of below 3 for financial year 21 n maybe PE of 7-8 for FY2022... The slow to give views brokerage houses maybe too pessimistic after April - May of this year... Recovery in Malaysia n South East Asia will be slow due to not enough supply of vaccines n slow vaccination rate....

Public research is slow to downgrade those glove counters in this month ; while the Delta variant make more uncertainty toward the EU n Asian countries near term recovery.... The TP of 3.60-3.65 by Public is irrational n they r silly to give too many review n TP every 2 weeks ...

Comfort will go up to above 2.35-2.40 after this good quarterly profit... maybe 1-2 weeks time, good for those still holding Comfort ...

The down trend should stop soon due to the Covid 19 cases going up again in Asia. And U.K. with 45-47% people fully vaccinated, cases also gone up to 6500-7000 above recently ; among the top 4 glove counters, Kossan is cheaper than Topglove n Harta n higher value than others. Another advantage is while Topglove n Supermax ASP started to fall in latest quarter, most probably Kossan next quarter profit still higher than the March/ 21 quarter ...

Hiap teck fundamental is improving but the recovery is slow ; dont think latest quarterly profit can be more than 36-38 mil, WC only blow up the sentiment ? :)

Kossan is performing better than Supermax n Topglove in term of maintaining ASP n profit after tax ; the falling of ASP of Topglove is faster than expected, maybe the ban to export to USA market the main factor for ASP to drop so fast ... The current selling pressure for Kossan looks like overreacting...

Steel counters need to take rest n some minor correction due to slow recovery of Malaysia economy ; Eastern steel as associate company of Hiap teck has produced iron slabs n billets n also having iron ore mining which is contributed positively to Hiap teck but Hiap teck only owned 35% of Eastern steel ..

Genting will drop to below 4.60 due to coming quarter should make a loss .... Las Vegas new casino doesn’t generate satisfying operating profit in first 1-2 years...

U.K. style of always loose policies whenever cases dropping n now most experts not sure how powerful the India double mutant variant... Western vaccines maybe just half effective against it ... Europe / EU cases may maintain this level for 4-5 months ...

Brazil variant of P1, U.K. n South Africa new variant then the latest double mutant variant of India ; at least Asia, India , 2/3 of Europe n South America will continue to maintain almost same amount of cases for further 4-5 months .... the excessive of glove being produced should be after May or July of 2022... valuation wise , few glove counters still acceptable...