Hong leong is a stable and well managed group. Investing in hong leong shares must have patient and not suitable for contra players. Probably still have old shareholders got locked for 5 years still selling. Its results should be very good for last quarter and this quarter, judging from daily volume of bursa.

From the disclosure, this private placement is the sale of shares by major shareholder ie Hong Leong Financial Group, not company private placement. Normally these shares are sold to proxies or friendly parties(left pocket and right pocket) and price has not much meaning.

https://www.youtube.com/watch?v=Q0VLbBlw5pc

First time saw Hong Leong counter limit down. Luckily managed to grab some between RM 6.41-6.50. Last quarter EPS was 15 sen.

https://www.thestar.com.my/business/business-news/2020/11/13/new-beginning-for-hlcap-after-5-year-suspension-of-trading

A good article. Some points are valid and represent the view of some of fund managers. Post covid, we don't know super can maintain PAT of RM 400m. If can, super fair value will be over RM 10. Super we dont know, let see how far its OBM can go post covid. Harta surely is overpriced now.

Current glove stocks valuation not taken into account of serious second wave. Stock price of super will continue uptrend to reflect fair value of unexpected surge in demands.

https://www.reuters.com/article/us-health-coronavirus-usa/as-cold-weather-arrives-u-s-states-see-record-increases-in-covid-19-cases-idUSKBN26P0K8

https://www.cnbc.com/2020/09/18/top-glove-sees-strong-growth-ahead-covid-19-sparks-global-demand-surge.html

This is a slap to Mac curry analyst, a report without proper research


KUALA LUMPUR (Sept 16): Hartalega Holdings Bhd, which expects an additional demand for 120 billion pieces of disposable gloves in the next three years, does not foresee any sharp earnings contraction after 2021 as some analysts anticipate.

"The analysts are correct [on the earnings forecasts]. But when it comes to the third year, after 2021, they start to give us [earnings] contraction... and [it's] a very sharp contraction.

"I mean this is an opinion, right? They can be right at the end of the day. I do not know. But by my guidance, what the analysts have said cannot be right,” Hartalega's executive chairman Kuan Kam Hon told the media after the group's annual general meeting yesterday when asked to comment on analysts' earnings forecasts.

"We are on the ground. We have been in the business for the last 30 years and analysts are not able to see what we are able to see," he added.

The market consensus estimates the net profit of the world's largest nitrile glove maker to swell to RM1.8 billion for the financial year ending March 31, 2021 (FY21) and to grow further to RM1.918 billion in FY22 before dropping to RM1.219 billion in FY23, according to Bloomberg.

https://koonyewyin.com/2020/09/15/how-do-you-read-price-fluctuation/

Old folk KYY promoting supermax today again. Not long ago he said Super was lame duck. He is like trader nowadays, contradicting his view which he keeps repeating (also in his today article)...Investors should not be afraid of the price frequent fluctuations and buy glove stocks for the long term to make more money.

I like the conclusion of the article

But considering that investment banks have a vested interest in the share prices of stocks that are tied to structured products, should they be allowed to issue research reports on such stocks?

The edge has reported an investor has complained to SC on Macquaries. I think more will do the same.

Avoid call warrant and IBs are hidden hands in manipulating the market when they issued call warrants and analyst reports. SC should investigate trading activities and stop this conflict of interest.

https://www.thestar.com.my/business/business-news/2020/09/12/much-verbal-sparring-over-glove-makers

Good article to understand more on IBs manipulating. Some of highlights
Just recently, on Aug 24, Macquarie issued a report setting the 12-month target price for the Top Glove at RM30.40. Taking into account Top Glove’s two-for-one bonus issue that took effect on Sept 4, the target price should be adjusted down to just above RM10.

However, last Wednesday, Macquarie downgraded Top Glove to RM5.40, more than 45% of the adjusted price post the bonus issue. In just 15 days, Macquaries changed its call on the stock from an out-perform to an under-perform.

Before issuing the structured warrant, the investment banks will buy some shares of the company from the market. For instance, before issuing the call warrants on Supermax, the investment bank would have bought some of the shares from the market in case it has to meet its obligations when the tenure of the warrant ends.

However, when the structured warrant is nearing expiry, the investment bank will tend to sell the underlying share. The selling comes in a big way to the extent it creates jitters.

This is to ensure that the structured warrant is “out of money”, meaning the subscriber is unable to exercise his or her right as the share price is below the exercise price set by the issuer.

https://www.youtube.com/watch?v=0_ocR12MBXQ

Good sharing to refresh regarding inclusion of MSCI. Super just included about 3 days ago..

Careplus latest quarter ended June 2020 EPS is 6.7 sen vs Harta 6.49 sen and Comfort 2.8 sen. Its share price is RM 3.47 vs Harta RM 16.52 & Comfort RM 4.31. Very obvious Careplus is very much under valued. Careplus has pricing advantage, is small OBM like Supermax...

Another small OBM, Super brother Careplus is worth considering.

Careplus latest quarter ended June 2020 EPS is 6.7 sen vs Harta 6.49 sen and Comfort 2.8 sen. Its share price is RM 3.47 vs Harta RM 16.52 & Comfort RM 4.31. Very obvious Careplus is very much under valued. It has advantage of OBM.

Hehe, they should invest in Malaysian glove stocks... If not glove stocks, my portfolio also negative.

https://www.cnbc.com/2020/08/18/norways-massive-pension-fund-reports-loss-after-volatile-first-half.html

There is one more Karimboss who always like to attack OTB...


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

Aramco rr88 is a retarded n senile oldman n brady dam BAxTARD FCK his own Mather n DAxGTHER

Airline Bobby hahahah EH rr88 is just a joker ... He negative , just let em be , cant reason with this kind of people .Lets continue RIDING THE WAVE ! XIE XIE UNCLE KOON ! Everyone better off praying Uncle Koon & Foreigners double team LIMIT UP TOP 4 QUALITY GLOVE STOCKS THIS WEEK !

Aint this better ? (:

When warrant buffet disposed Airline shares in big loss we already know the pandemic going to change way of life. One is use of glove esp medical glove for at least 2 years lah.

https://klse.i3investor.com/blogs/freetospeak/2020-08-18-story-h1512394632-VACCINE_OR_WITHOUT_GLOVE_STOCK_RALLY.jsp

Give it a top view blog

The more they trying to press down, the stronger the rebound

Last week one small stockbroking firm ban contra selling because lack of capital, today the Star said winfall tax. What a coordinating effort to bring down glove stocks...

@yttish pls add me. Thanks

The big drop maybe caused by trading ban by one or two brokers in town. Perhaps uncle KYY should complain to SC and Bursa as they disturb the orderly in the mkt. Finance Minister is trying very hard to calm the market by extending short selling to Dec 2020. They may have to pay price politically if they cause big mkt instability. Any one who which are the firms that ban? Any truth in the rumor?

t+1 and t+2 no much difference. It will reduce volatility and possible tricks by funds to press down supermax so that they can buy cheap ahead of inclusion of MSCI Global, bonus issue etc and Mkt ady digested the news and reflected in big selling on Friday.



https://www.thestar.com.my/business/business-news/2020/08/15/stockbroker-turning-cautious-on-glove-and-healthcare-stocks

Very correct. Related stock broking firm(s) will be in trouble and they have to face political consequences. SC and Bursa will be accountable if they allow this...

------------------
Aramco Finance Ministry are trying very hard to stabilize the Stock Market by suspending short seller till next year n yet certain broking firm not in line with the Ministry
I believe they will be in trouble if the stock market eroded and wil face the consequences HAHAH

Stock broking firm(s) that banned contra may have to face consequence if it caused big drop. Better think twice. PM will be very angry if the country stock market dropped badly because of one or two firms...

Very good writeup. Vaccine Gamble vs Supermax result

https://klse.i3investor.com/blogs/freetospeak/2020-08-12-story-h1511646950-SUPERMAX_QTR_1_FORCAST.jsp

I believe Supermax and Top glove are still undervalued in view of its profit growth potential. Top Glove Director Lim bought back shares today is a good indication of Top Glove is still a buy at current price. If Top Glove can deliver RM 1 billion quarterly profit, supermax also can like freetospeak said.

Supermax price is undervalued, supported by its strong fundamental and OBM Model. Hartalega is overvalued as it only reported latest quarterly profit about RM 200m profit vs Supermax RM 400m. But Harta mkt cap is double of Super.

Harta mkt cap about RM 62 billion vs Supermax RM 28 billion. Super profit is much higher as Harta not able to increase price due to its OEM. Harta distributors made most of the profit. Super still has a lot to catch up... and Harta is overvalued.

If Supermax result is better than expectation, let say RM 350 to RM 450 million, it price will likely jumped, Harta which made only RM 200 million shall continue to drop.If Supermax result is below expectation, then all glove related stocks will likely drop across the board. I think only Supermax and Top Glove benefited the most amongst big 4.

https://klse.i3investor.com/blogs/freetospeak/2020-08-07-story-h1511586399-The_New_Normal_OBM_Style.jsp

Good article

https://klse.i3investor.com/blogs/freetospeak/2020-08-07-story-h1511586399-The_New_Normal_OBM_Style.jsp

Good article to ponder

OTB sifu said results released on coming monday, so fast. Sure? Then it is a good news...

A bit misleading lah. Careplus recent quarterly results increased by about 3000% whereas Harta only increased by 90%. Both Careplus and Harta has about same EPS ie about 6.7 sen only but Harta price RM 19 vs Careplus about RM 5. Harta current price of RM 19 is bubble price. Money is hard to earn. Worried retailers will lost badly if they buy at this bubble price. Even careplus i would say also over priced.

Harta price should be RM 10 to RM 15 as its distributors make the most money not Harta. Let see what supermax results next week then compare...


PZOGRO YTD performance for Glove.....Harta is BIG LAG!!

Top Glove Corp 502.55%
Hartalega 254.01%
Kossan Rubber Ind 356.25%
Supermax Corp 1625.18%
Careplus Group 2881.25%
Comfort Gloves 651.90%
Rubberex Corporation 1140.74%
HLT Global 1500.00%
07/08/2020 12:23 PM

Public Bank made RM 1.3 billion last quarter vs Harta profit of only about RM 300million, Harta valuation which is higher than Public Bank does not justify lah....

A lot of ikan bilis will be killed in continue to goreng Harta shares. Employees and bosses of Harta who got more than 10 millions harta shares at about RM 2 -RM 6 are laughing idiots who are buying Harta shares at current price...

Harta results will pull most glove stocks down in the afternoon... Is a good time to collect supermax if dropped a lot...

Harta OEM stupid lah. Their client, ie distributors made the most money, not Harta...

at this point of time, the virus still very hard to control... Glove shares will continue to go higher as it is correlated with the virus...

https://www.enanyang.my/%E5%85%A8%E7%90%83%E5%A4%A7%E6%8A%97%E7%96%AB/%E7%BE%8E%E7%96%BE%E6%8E%A7%E4%B8%AD%E5%BF%83%E5%BE%88%E9%9A%BE%E6%89%93%E8%B4%A5%E5%86%A0%E7%97%85-%E6%9C%AA%E6%9D%A5%E4%B8%89%E5%91%A8%E6%96%99%E5%A4%9A2%E4%B8%87%E4%BA%BA%E6%AD%BB%E4%BA%A1

Supermax needs to report its quarterly report by 28 August 2020. Will be interesting to see how much PAT for Q4. Anyone knows the indicative date for quarterly results if they can release it earlier?

Top glove and Harta will command higher valuation due to the fact that they are members of CI. Many funds forced to buy as they cannot miss them in their portfolio. Harta is overvalued...Some smart members in i3 already mentioned it earlier as Harta profit will no longer beating Superman. Once Super is included in the CI, it will get much better valuation.

Good idea, Dear SSlee, kindly cc to the Minority Shareholders Watch Group (MSWG)

Thank you SSlee for taking this action which will serve as alert or reminder to ALP not to misuse or abuse the funds raised from RI. As a shareholder, I am dissapointed that ALP put in the proposal to increase the RI to raise funds for the following

(Based on max scenario)

a) Future business projects or investments - RM 80 million
b) Preliminary expenses-venture new construction projects Vietnam - RM 25 million
c) Working capital - RM 19 million

Jaks mgt leads by ALP needs to be more specific on this rather than asking shareholders to give him blank cheque. You may ask them to be more specific. If it is used to buy the remaining 10% equity interest in the power plant to 40% then is ok. Right now they should focus on power plant rather than venture into new projects again before settling their mess in Star Project. Till now they still yet to settle problems in the Star Project, and still has court case ongoing. Why asking money again to venture into new projects since the existing project still in mess...

KYY is just ikan bilis lah. Today Supermax value transacted is RM 1.5 billion. If KYY will lost heavily in Jaks investment with only about RM 600m market capitalisation, how much impact does KYY has on Supermax and other glove stocks?

https://www.cnbc.com/2020/07/19/we-need-to-close-down-florida-reports-more-than-10000-coronavirus-cases-for-fifth-day.html


How to expect glove stocks to drop as share price is correlated with Covid...

https://www.cnbc.com/2020/07/19/we-need-to-close-down-florida-reports-more-than-10000-coronavirus-cases-for-fifth-day.html

How to expect glove stocks to glove as share price is correlated with Covid...

Supermax potential to be included in MSCI. More foreign funds will buy Superman...

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%B9%B4%E5%86%85%E6%9C%80%E9%AB%98%E9%A3%991000-%E6%89%8B%E5%A5%97%E8%82%A1%E6%B6%A8%E8%B5%A2%E7%89%B9%E6%96%AF%E6%8B%89