if you noticed, for the past 2 weeks, the global cases have been rising and yesterday it touched back 600K++ cases. Sooner or later, the IBs and market markers would change their tune and bullish on gloves / medical again as they may claim the pandemic isnt ending soon and ASP would not drop drastically but gradually only in mid 2022. Prior in saying that, they would accumulated lot of gloves shares and buying cheap from those paper hands who sold to them cheaply. Thanks to all the negatives media and shorting.

once the IBs wanna reverse the trend, they gonna cover their shorts position. A thematic play they have been playing for 5.5 months now is already ripe for harvest. Tech stocks, palm oil, O&G and other travel related recovery themes have all been pumped up fully. So what s more to wait if not harvesting them and move the fund back to hard beaten counters with no more call warrants expiring ITM. Be prepared for uptrend anytime from now. There would be more calls and news reporting about Covid 19, shortage of medicals supply and PPE, delay of vaccination, logistic issue in poorer countries, political instability causing delay and coordination efforts in vaccination especially in Myanmar and Thailand. More and more such news would appear one by one. Just take note yourself.

Many are still dreaming of rm3.50. Told you RM4.80 already a steal.

This counter is already done with accumulation. Hence, there s no point to move it up or down. Gonna trade side way until all other gloves brothers are in position. Just be patient and wait. Can see the same for Top Glove and Supermax. only Harta is still quite big movement and high PE. Need to wait for this Harta

Today no momentum at all. The news wasnt really excited as per the market. Hot money is still with those tech stocks and Dataprp

Malaysia rubber glove revenue to grow 8% to RM38 bil this year, says MARGMA. Taken into consideration all of the scenarios (export competition and anticipating of falling ASP).

Just follow your strategy and investment style. In the market, you can profit and you also can made losses. Sometime, there are many external factors which beyond our controls. You wanna made fast money, best is to go Genting and gamble or try your luck witth Toto, Magnum and Damacai. Alternatively, you can play with those goreng stocks from ACE market. There are no indicators or fundamental. It just can goreng one fine day for whatever reason the operators wanna goreng with. Find 30 such counters value below 0.1, invest 10K each and just wait for that one fine day. Your 10K could be goreng to 200K in just a week or two.

I started to buy in at rm6.90, then rm6, then rm5.30 and i am waiting for rm4.80 if any. Then my average would be around RM5.75. If Top Glove drop to 3.50, i will withdraw my Isinar and buy even more to average down below Rm5. next, i will just keep and hold and receive dividend. given Top Glove could reduce 70% of its current dividend payout in 2023/2024 due to lower ASP, conservatively that would be around RM300 per year. For a 4% return, the share price should worth RM7.50. Alas, since the market doesnt value such a way, personally as long as I manage to keep anything within the range of RM4-5, that would be 6-7.5% dividend return per year. Dont forget I would have received rm2000++ dividends from 2021 - 2023 per share. As long as Top Glove doesnt drop further below RM3. I would have breakeven by then and subsequent dividends would be net profit to me. This, i yet to factor in "what if Top Glove maintain at around RM4.50 - 5.50 for the next 3 years and won't drop any further? Then my dividend of 2000++ would be net profit while the subsequent dividends would continue to add on to my profit. This is why I said now Top Glove is a dividend play. not goreng goreng. that would be bonus if it happens.

Just buy and hold and enjoy the dividend and growth in years. If you aim for fast money this isn't the counter for you as the theme is no longer on glove unless the vaccine is overly hyped and not promising as expected or the covid 19 virus hits harder during this year Autumn and Winter especially at those poorer countries. Top Glove is now for dividend play.

why you guys still dont get it? Top Glove no matter what would trade in the price range of around RM5. EPS or PE is useless to Top Glove. It has been trading at this price range for years no matter what's the split or profit. This is the bottom that you could get. If you can buy it at RM4.80, that would be a steal already.

I hope the price would be reflected higher. But lately in Bursa, counters that declare losses tend to be fried up but those declared profits tend to be short down. Finger cross.

the QR has just 3.1 million revenue from copper trading? Where s the 1.3 billion value for 40 months which equivalent to 32.5 millions per month? So i guess Anzo only work 3% capacity during Sept - Dec 2020 for copper trading? Dont tell me it s because of MCO because government did not close most businesses and industries.

almost 60 millions cash!!!

first of all, how can an analyst know or assume what would happen in 2024? that is freaking 3 years from now! It is out of the market norm to price a valuation for 3 years in advance in comparison with 6 months. Secondly, China consumption of glove is extremely low in comparison with the US and Europe. Whatever China going to produce would mostly be taken up by China itself. Not forgetting that China does not produce raw ingredients for gloves. Hence, China may not be able to expand as quickly as planned due to such restriction. They can build the plants and install all the equipment and hire all the manpower they need but without the raw ingredients, production wont move. Not forgetting that EU and US gonna give it a tough time to get China made gloves certified for medical usages. 3rdly, the IB mentioned in Q4 2021, the ASP would drop 14% while production cost would up 16%. Now here is the misinformation. We know the industry operates by passing the cost to the customers. Hence, with production cost up continuously for 2 quarters, 23% and 16%, how can you expect ASP to drop 14%? Isn't that out of economic senses? The ASP may drop but mostly in a single digit percentage.
12/03/2021 1:20 PM

first of all, how can an analyst know or assume what would happen in 2024? that is freaking 3 years from now! It is out of the market norm to price a valuation for 3 years in advance in comparison with 6 months. Secondly, China consumption of glove is extremely low in comparison with the US and Europe. Whatever China going to produce would mostly be taken up by China itself. Not forgetting that China does not produce raw ingredients for gloves. Hence, China may not be able to expand as quickly as planned due to such restriction. They can build the plants and install all the equipment and hire all the manpower they need but without the raw ingredients, production wont move. Not forgetting that EU and US gonna give it a tough time to get China made gloves certified for medical usages. 3rdly, the IB mentioned in Q4 2021, the ASP would drop 14% while production cost would up 16%. Now here is the misinformation. We know the industry operates by passing the cost to the customers. Hence, with production cost up continuously for 2 quarters, 23% and 16%, how can you expect ASP to drop 14%? Isn't that out of economic senses? The ASP may drop but mostly in a single digit percentage.

If Top Glove really drop to 3.50, i would withdraw i Sinar and buy it. The dividend itself already beat EPF return.

Just buy and keep for long term and prepare to receive high dividend for the next 6 quarters. If it drop to 3.50, then buy more. Top Glove been trading around 5 for many years no matter how many times it split its shares.

Market just overwhelmed with Top Glove revenue and profit and fail to value it accordingly. All this while, market was saying to give a 6 months forward valuation. However for Top Glove, they gave 24 months forward valuation. That's the funny part of how the market is being manipulated at the moment.

anyone attended the AGM?

Quarter results coming out on 9th March. Can Top Glove delivers a 6 billion revenue with 3 billion PAT?

Kill off all weak holders before AGM next week.

Poor Supermax. JPM didnt give TP also it drop so drastically. Ok, later i support and buy some and keep for 10 years.

Big fund money buying back today after stopping for two days. similar pattern as per 8-11 Feb. Slow and steady and may reach RM1 mid next week if there s no goreng.

enjoy the ride to RM1 next week. If they really wanna move it, can easily goes to RM1.50. If not, they may wanna move it slowly and accumulate more.

Need more green. Esceramic ni HIJAU!!!

look at MCDX charts and patterns for 8-10 Feb and compare with 24-26 Feb.

closing gonna be green. Next week, ppl would be chasing up. This week is the last chance to board the train.

Hold and be patient.

450 million contract secured!

btw, just wanna side track here. Saw the pic of Muhiyiddin vaccination? The lady who vaccinated him wore gloves. JPM please clarify what do you mean by not needing gloves for vaccination?

check the MCDX charts, all yellow and green during the drop. That shows retailer and fast money transactions.

historically, Esceramic dropped drastically for a day in end July before uptrend for 2 weeks continuously from 0.6 to 2.20. Dont say I dont share with you on this.

Retailers got panic all of sudden? Thank you for panic selling. It took Esceramic a 1.5 week to go up to 0.88 from 0.72 and then just a 15 minutes to drop to 0.74.

Private placement at 0.076. Any price around 0.085 would be good investment. Who wanna invest in a company for 17 millions if the company gonna go below 0.076 in the next 12 months? Besides, the current copper trading biz yet to be scaled up to deliver 32.5 millions ++ revenue per month. It only delivered 52.6 millions for the last 3 months since the business started in July 2020. Meaning the operation only delivered up to 50% of what is expected. There are still rooms for scaling up the operation.

Even if they are losing money, they are not letting off the gloves counters. They are still attacking it amidst lesser attacks nowadays. So who was the one selling down gloves? warrants issuers? We should wait until most warrants (in money) expired by mid March 2021.

Such pattern is similar in Harta and Supermax too. Now the question is whether they made money by buying back Top Glove above 5.80 (first batch), 6.02 (2nd batch) and 6.21 (3rd batch)

MCDX chart was showing higher IB fund from 8 Jan - 18 Jan, whereby TopGlove was up from 5.8 to 6.77. Then another batch from 22 Jan - 26 Jan, whereby TopGlove was up from 6.02 to 6.58. The last batch was from 29 Jan - 5 Feb, whereby TopGlove was up from 6.21 to 7.07.

All of these buying batch ended up with sharp drop after IB stop buying before they bought again after the sharp drop.

Rm4 is close to JPM TP RM3.80. They have accumulated enough now and no point to press it further. Now just wait for the train to move.

obviously Supermax has been suppressed for the big guys to accumulate cheaper. And there are no interests in gloves now as all the hot money are busy chasing tech stocks. Just see the PE, more than 100. It s like what happened to Glove back in June/July last year.

JP Morgan gonna have another nightmare with their shorting on Silver. They gonna prepare for that big battle rather than focus on Top Glove next week.

what is the total volume for RSS today? That s the most exciting question to see how IBs have responded.

shorties have bad long weekends. Wont be able to zzz well and worry bout next Tuesday.

get ready and massive charge at 430PM to gain more battle grounds.

What s the RSS volume now for today?

IBs and funds wont cover their position today. They dont think they would lose the game. Retailers have to push and hold the price for next 4-5 days before they would feel the pain.

C80 already expired. The VWAP wont factor in today price.

Not all IBs RSS Top Glove. If those IBs pick up this fight and stand with the retailers to kill of the RSS IBs and Warrants IBs, then the show would get even more interesting

Today RSS easily another 5,000,000 shares. Gonna burst 3.1% cap soon.

Kept building wall at 6.75 and 6.80

Forget bout warrants. Fully controlled by issuers.