GLOVE_BUBBLE We don’t know when the craziness will end, but the way stock moving recently certainly reminds us of the way internet stocks during the dot-com bubble....bubble is coming
31/07/2020 8:56 AM
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Noted with thanks.

At 2:45 am, during Jerome Powell's (US Federal Reserve chairman) press conference, the price of gold is USD1965. It is like printing money making the USD index to plunge. So, countries cannot keep USD. Instead, they have to keep gold as the replacement.

At 2:45 am, during Jerome Powell's presss conference, the price of gold is USD1965. It is like printing money making the USD index to plunge. So, countries cannot keep USD. Instead, keep gold as the replacement.

At 2:15 am after Federal Reserve meeting, the price of gold USD1960 (little change). I think it is okay to PohKong and Tomei; as long as the price of gold did not plunge down.

At 12:00 midnight, before Federal Reserve meeting, the price of gold is flat at USD1950.

I will keep on holding TOPGLOV-C81 until near to the ex-date for bonus issues where I have to sell the co-warrant to buy the mother shares.

JohnFarmer458 Hartalega Antimicrobial Medical Glove (AMG) is listed on US FDA website today

https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpcd/classificatio...

tomorrow Hartalega time to fly at least 15% to 20% ! limit up RM21!
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I found the above in TopGlov forum.

Bought 100,000 C48 at 0.52. Then seeing TopGlov going down, sold it at 0.525. Last 30 minutes saw it shooting up, caught it again at 0.575. Went to a high of 0.67. Finally closed at 0.645. Got to see its results first week of August 2020.

super Anyone trade c86? Someone keep throw 1k unit each at .235 .24 and .245..... weird.

Those 1000 units are placed there by the market maker of the investment bank which create that call-warrant. They will do that for a short term period only.

Welcome back to all vaccines investors. Hope that Pharma and Dpharma make money, here gloves make more money.

Thank you very much for the POSITIVE energy of the forumers here that move SUPERMAX to be number 2. Let us witness this in next month quarter results.

Is Bursa Trade System down? Everything stagnant.

Cannot short selling, so they issue a put warrant SUPERMX-HB and TOPGLOV-HA. If mother share drops, then the put warrants will go up.

The results is way way way above all expectation. Very sad "sell on news". Must wait till all the selling finish.

idkdontaskmelol Weird, i also got insider news, but not useful.

Firstly I asked Ng Gong Tak from Finance but he doesnt want to tell me, so I find his brother, Ng Zhi Dou but he says he doesnt know.

I have another friend Dickie Kong Lan Wa says the profit is 2m only but I dont trust this guy. Finally i call their big boss, Mr Dang Tin Yat, he asked me to wait tomorrow pulak. Waste my time ask here ask there.
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231 million is my target earning. 2 times of previous quarter earning, i.e. RM115,683,000 X 2 = RM231,366,000.

Why tomorrow rocket up? Tomorrow very nervous. Like students getting their public exam results or oldies getting their blood test or CT Scan results. Results between 5:00 pm and 7:00 pm. If it is not double the previous quarter results, i.e. RM115,683,000 X 2 = RM231,366,000, then hancur lebur.

The Covid-19 only declared it as a pandemic on 19 March 2020. 1 February to 30 April has yet to be the peak.

RHB research expect Top Glove's 3QFY20 earnings to surge 88% to RM218 million from RM116 million 2QFY20.

If the report is below that expectation, I think it will pull back. I achieve or better than that, it will fly. Just hope for the best.
===========================================================================Bigbull99 Based on all the analyst report. Tomorrow minimum expectation would be 230mil PAT. 100% increment QOQ. If it touches this, we will see ultimate rally to RM20 as the next QR will be in the range of 310-350mil PAT.
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Dear Bigbull99, 100% increase from RM116 (Q2) is 116 X 2 = RM232.

https://finance.yahoo.com/news/saudi-russia-reach-deal-oil-113454621.html

DUBAI/MOSCOW (Reuters) - OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3054460

Following the Movement Control Order (“MCO”) period as imposed by the Government to contain the spread of the COVID-19 outbreak in Malaysia, Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 16 April 2020 granted an extension of time until 30 June 2020 for listed issuers to issue their quarterly reports and annual reports that include annual audited financial statements and the auditors' and directors' reports, which are due by 30 April 2020 and 31 May 2020.

In consideration of the challenges faced by the Company and its subsidiaries during the current situation, the Board of Directors of Careplus wishes to inform that Careplus will utilise the said extension of time granted by Bursa Securities to release and submit its Unaudited First Quarterly Report for the period ended 31 March 2020 by 30 June 2020, provided that the MCO Period is not extended further by the Government.

This announcement is dated 29 May 2020.

When is the dateline for quarter results? I thought 7 pm today. Chase high. Worry.

When is the deadline for quarter results? I thought 7 pm today is the deadline.

This is a crazy KLCI index link stock to replace AMMB and Airport. Today last done at 4.44 pm was 9.50. But can close at RM9.32. Anyway it will go up again on and before 4 June 2020 after it is confirmed.

Hi traderstrades, special dividend for what?

Are the face shields for charity or for sales with money?

7 p.m. already. No results. False jacked up. Got to wait for the last three days next week.

Dow Jones 24,507.34 +821.92 +3.47% - 11:20 p.m.

Today afternoon session, I keep on average down with FEAR. But now, I hope that the BIG BOYS will trade in the correct direction which is UP and not the other way round.

https://finance.yahoo.com/news/oil-prices-spike-above-30-111828306.html

Oil prices climbed above $30 for the first time in more than a month Monday as production cuts by the world’s largest producers and a slow return of demand continue to provide support.

West Texas Intermediate crude oil, the U.S. benchmark, gained 11 percent to $32.73 per barrel and was on track for its first close above $30 since April 8. Brent crude, the international standard, was higher by 7.02 percent at $34.78 a barrel.

WTI futures for June delivery expire Tuesday with prices having seen a sharp reversal from last month’s memorable drop below zero.

TEXAS FEARS LOSING OIL-RICH LANDS IN CHINESE TAKEOVER OF WEAKENED ENERGY COMPANIES

“Oil prices are on the rise as global economies open and oil producers are continuing to pull back,” Phil Flynn, senior market analyst at the Price Futures Group, told FOX Business. “Jerome Powell’s concern about the economy means he will keep his foot on the accelerator of economic stimulus which should help energy demand rebound.”

President Trump took note of the surge oil prices in a tweet on Monday.

U.S. rigs in operation have fallen to record lows for two consecutive weeks and inventory data released Wednesday by the Energy Information Administration showed production cuts are working. U.S. stockpiles for the week ended May 8 fell by 745,000 barrels, marking the first decline in 16 weeks.

Kuwait and Saudi Arabia agreed Sunday to shut down production at the joint Al-Khafji oil field for one month beginning June 1, according to Kuwaiti newspaper Al Rai.

Saudi Arabia last week said the kingdom would reduce oil production by 1 million barrels per day, lowering its daily output to about 7.5 million barrels. The output cut was in addition to the historic deal reached last month by the world’s largest producers that reduced global output by about 20 million barrels per day beginning May 1.

Falling global production comes as countries all over the world are beginning to loosen stay-at-home orders designed to slow the spread of COVID-19.

But Federal Reserve Chairman Jerome Powell said on CBS’ “60 Minutes” that the U.S. economy may not fully recover until a successful COVID-19 vaccine is developed – which may not happen until 2021. The Fed chairman vowed to continue to support the economy.

LAST MONTH, END OF TUESDAY, THE OIL PRICES CRASHED TO NEGATIVE. SEE WHAT MIGHT HAPPEN THE COMING NEXT TUESDAY:

https://www.marketwatch.com/story/us-oil-benchmark-on-track-for-nearly-15-weekly-rise-as-focus-shifts-to-supply-cuts-2020-05-15?siteid=yhoof2&yptr=yahoo

Oil futures rose Friday, with the U.S. benchmark posting a weekly gain of 19%, finding support from production cuts by major oil producers and early signs of a recovery in demand for crude with some business lockdowns globally being lifted.

“There remains very little change in the grand scheme of things for what themes are impacting oil at the moment,” Jameel Ahmad, global head of currency strategy and market research at FXTM, told MarketWatch. However, “with the upcoming June contract for WTI set to expire this coming Tuesday, anything is, in all honesty, possible for the commodity.”

West Texas Intermediate crude for June delivery CLM20, +7.80% rose $1.87, or 6.8%, to settle at $29.43 barrel on the New York Mercantile Exchange. Prices based on the front-month contract, which expires at the end of Tuesday’s trading, logged a weekly gain of 19%, according to Dow Jones Market Data. They also marked the highest finish since March 13.

July WTI crude CLN20, +6.81%, the most active contract, rose $1.64, or 5.9%, to settle at $29.52.

At their highest levels Friday, June WTI traded at $29.92 and July WTI touched $29.78. In a market updated, Robert Yawger, director of energy at Mizuho Securities U.S.A., pointed out that the June/July spread briefly switched from contango to backwardation. Contango is a condition where later-dated futures are priced higher than nearby contracts, while backwardation occurs when nearby contracts are priced higher than contracts for later delivery.

The move “implies a lot of positive developments, all implying fundamentals are improving,” Yawger said.


Meanwhile, global benchmark July Brent crude BRNN20, +0.73% rose $1.37, or 4.4%, at $32.50 a barrel on ICE Futures Europe, for a 4.9% weekly rise.

Read:Signs of a rebound in gasoline demand hint at higher oil prices

Also see:Why uranium has rallied, defying a drop in the energy sector

“The market focus is increasingly shifting to supply as many OPEC+ members meet or exceed their targets,” said Jason Gammel, analyst at Jefferies, in a note.

Saudi Arabia will cut an extra 1 million barrels a day in June, with the United Arab Emirates and Kuwait also contributing more than their targets, and Russian production is nearing its target as well, he said.

Gammel said the deepest OPEC+ cuts “extend only through June, but the group could agree an extension when they meet on June 10.

Read: OPEC+ will look at ‘all options’ when it meets in June: Barkindo

Declines in U.S. production have also helped to support prices for oil. In a monthly oil report released Thursday, the International Energy Agency said the U.S. would be the key driver of a “spectacular” 12 million-barrel-a-day fall in global oil supply in May to 88 million barrels a day, to hit a nine-year low.

“The U.S. rig count has collapsed and, at the current cadence, we estimate U.S. production will be down 2.5 million barrels a day exit to exit in 2020,” Gammel wrote.

Data from Baker Hughes BKR, -1.71% on Friday showed that the number of active U.S. rigs drilling for oil dropped by 34 to 258 this week. The oil-rig count has now fallen for nine weeks in a row, implying coming declines in domestic crude output.

Balint Balazs, commodity analyst at Schneider Electric, said “gradual improvement in the demand outlook is also contributing to a tightening market balance, as easing restrictions across the globe increase mobility and fuel consumption.”

He said in a daily note that the “IEA’s yearly demand change outlook for 2020 has been revised slightly higher as a result,” with a fall of 8.6 million barrels a day, instead of a decline of 9.3 million forecast.

However, “despite the current rebound in demand, the trajectory remains highly uncertain and subject to change if a potential second wave of infections prompts new lockdowns,” said Balazs.

Meanwhile, a fall in U.S. crude inventories reported earlier this week, including a drop in stocks at the Nymex futures contract delivery hub in Cushing, Okla., have helped ease worries of another plunge into negative price territory as the June contract nears expiration, analysts said. A lack of storage was blamed for a plunge by the now-defunct May contract into negative territory on the eve of its expiration last month.

https://finance.yahoo.com/news/oil-set-third-weekly-advance-221443398.html

(Bloomberg) -- Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers slash supply and consumption recovers after a historic collapse in demand due to the coronavirus.

Futures in New York are up about 13% this week and traded near a six-week high on Friday around $28 a barrel. China’s industrial output increased in April for the first time since the outbreak, signaling economic recovery aided by government stimulus efforts. Meanwhile, Saudi Arabia has slashed supply to its customers in the U.S., Europe and Asia as OPEC and its allies reduce production sharply.

Hi Investson, TopGlove quarter results can only be announced on 18 June 2020 which is different from other glove companies which are in May. You can see on top of this page.

If Hengyuen and PetronM can fly above RM10, why can't TOPGLOVE!!!

GEORGE TOWN: FoundPac Group Bhd is on target to ship out test sockets, stiffeners and laser stencils with an approximate market value of RM50mil to semiconductor test equipment customers in the United States, Europe and China for the financial year ending June 30,2020.

Group chief executive officer CH Ong told StarBiz that despite the Covid-19 outbreak, the orders from customers have not contracted. “The shipment for 2019 was around RM45mil.The market value of the product has increased because these are higher value orders which generate better margins, ” he said.

Ong added that the group had already shipped out about RM27mil worth of orders for the first half of the 2020 fiscal year.

“Based on enquiries and the purchase orders received so far, we are confident of shipping another RM23mil worth of orders before June, ” he said.

Notion fire incident was in September 2017. It competitor DUFU flied.

I bought this counter just because of its bonus issues and COLD EYE bought it. Can anyone let me know what trigger the rally on 29 April 2022 (Rally from 0.885 to 1.08). I will continue to buy on this Friday and next week Monday and Tuesday.

Last year, the quarterly report was out on 7 May 2019. So, this year should be around 7 May 2020.

Everyone knows that it will be an explosive good results.

But it is not for us to say whether or not the share price will go back to RM7.70. Stockists can so easily push the price down from RM7.70 to RM7.30 yesterday before closing at RM7.40 (4 May 2020).

If can, TopGlove (reporting in June) and Kossan (reporting final week of May) will also fly together.

STOCK : RUBBER GLOVES SECTOR - ITS TIME TO FLY AND FULLFILL DEMAND




Local rubber glove makers are estimated to chart strong improvement in their financial performance for FY19 and FY20, underpinned by higher demand for rubber products and resolved labour issues.


The coronavirus outbreak started in China has increased the demand for rubber gloves on the back of increased awareness across the region to prevent cross-contamination between virus carriers and caregivers. Now this Coronavirus confirmed as pandemic by World Health Organization.

The coronavirus sweeping across the world is a pandemic, the World Health Organization declared on 11th March 20. That time over 118,000 cases of COVID-19, the disease caused by the virus, in 114 countries around the world.This is the first pandemic since H1N1.

Currently, this Covid-19 pandemic, which has killed more than 213,000 people, will result in higher demand for rubber gloves as the healthcare sector contends with the rising number of infected individuals. Total Global cases now stood at 3 millions.

We will see most rubber glove stocks as defensive stocks now since their share prices have retraced quite significantly from their highs towards the end of the H1N1 pandemic in the first half of 2010.

Kim stick on his note that he saw most of rubber glove stocks as defensive stocks now. Since their share prices have retraced quite significantly from their highs towards the end of the H1N1 pandemic in the first half of 2010.

Kim's also listing his top pick is Supermax Corporation Bhd remained its top sector pick because its earnings are more sustainable as the firm derives secondary income from its distribution business.

As we know, we expect the world’s demand for natural and synthetic rubber medical gloves to be about 345 billion pieces this year while it was only 298 billion in 2019. Malaysia is looking to export about 65% or about 225 billion pieces or more depending on the spread and duration of Covid-19.

We believe Malaysian glove producers have been the global preferred suppliers because they have the capacity to meet the increased supply-demand. So, going forward, they should be able to perform better. The local glove producers could see improved margins early this year, driven by increased production.

So I think they could sustain the margin, in fact, they might see an expansion going forward. When they ramp up their utilisation rate and capacity, technically the cost will be lowered. We would think it is possible to expand margin.




WHY IT MUST CONTINUE RALLY UP THIS MAY?


1. Business allowed to operate full capacity tomorrow.


- Means Government had allowed rubber glove industry to run at full capacity.

- Means service providers as well as raw materials and packaging suppliers in the rubber glove industry can continue operating.

- So the production can fullfill all ordered and demand received. Its good move because
Malaysia is expected to produce 220 billion pieces of rubber gloves this year, and it is critical because rubber gloves are needed to fight COVID-19 pandemic has been killed
more than 200k people with 3 millions infected.

- As we know, Malaysia is the largest manufacturer of rubber medical gloves which supplies almost 65 percent of the global demand.

- Since the MCO was implemented on March 18, the government had only allowed 50% production capacity for these companies. So while the government has given the green light for companies in approved sectors to resume full operations from tomorrow, means 100% full capacity will use from now. Just MARGMA said the latest statement, for resuming full operations may take time. Maybe just take a weeks for some cases.
- I dont see there is a big issue for delays in returning back to normal levels.



2. SC and Bursa extend temporary short selling suspension amid Covid-19
volatility


- IDSS extended till June 30. So I forsee our KLCI could strengthen and strong rebound to get stay above certain levels.

- It involves the suspension of intraday short selling and regulated short selling, as well as intraday short selling by proprietary day traders. The suspension does not, however, apply to permitted short selling.

- The temporary suspension of short selling remains a short-term measure to provide stability and confidence in the Malaysian capital market. So we will see a good market starts from tomorrow till end-of June.

We are particpated only the Big-4 Gloves Company, which is :

1. TOP GLOVE
2. HARTA
3. KOSSAN
4. SUPERMX

- Source : http://www.kimstockwatch.com/todaycalls.html

- SUPERMX the best and the lowest P/E still and its become our first priority currently.
- Current Price : RM2.38
- TP1 & TP2 remained unchanged 4.30 & 5.50
- Warrant : SUPERMX-C84
- Target Price: TP1: 0.35 sen - TP2 0.55

I called the registrar Mega Corporate to get conversion form PA to mother share. All registrars are closed.

I just copy and paste from Logic Trading Analysis Channel (Telegram group). LKL (medical equipment company) got contract for pakaian perlindungan PPE from Sarawak Hospitals, it went up. Anything related to COVID-19 especially glove counters all shoot up. Today is the first day AWC move.

Logic Trading Analysis Channel
AWC resistance of RM0.35 has been broken. Tomorrow going to gap up.

Logic Trading Analysis Channel
Masks, perlindungan pakaian PPE , medical test kits, many-many barang need professional cleaning lo.. if not ah.. nanti spread out.. terrible.. so AWC can be the hero! The COVID-19 theme play also involves AWC other than glove companies.

Logic Trading Analysis Channel
AWC fuiyo buyers mari kuat, big volume breakout, steady le. Tomorrow going to gap up again. Hospitals need AWC professional cleaning services for COVID-19.

Logic Trading Analysis Channel, [15.04.20 16:00]
Now all hospitals need professional COVID-19 cleaning service!!! AWC got such service!!

CORONOVIRUS CLEANING & DISFECTION AWC CALL 03-8024450

Once I saw CarePlus in top 10 active, I know it is rotational play from Oil counters, Construction Counters to Glove Counters. I bought Hartalega, TopGlove, Supermx and Kossan. Must hold until the explosive quarter results next month.

So many uncertainties:



https://oilprice.com/Energy/Energy-General/Russia-To-Cut-1-Million-Bar...

https://www.rferl.org/a/trump-oil-saudi-russia/30533358.html

“Without the U.S., no deal,” one of the sources said but U.S. President Donald Trump has so far shown little willingness to do so.

“I don’t care about OPEC,” he said. He threatened to use tariffs if needed to protect the domestic oil industry, even as he predicted that Saudi Arabia and Russia would come to an agreement.

It is now like gambling. If Donald Trump say OK, we win. If Donald Trump say KO, we lose.

OPEC+ is likely to agree to cut production Thursday as long as the United States joins in cutting output, Reuters reported late Monday, citing three OPEC+ sources.

US did not say the cut should involve US.

At least one Glove Counter in your YEAR 2020 portfolios.The reasons are:

1) Ultilisation above 95% due to Covid-19 and get approval to operate at 100% capacity during MCO and also extend to its suppliers.Higher ultilisation will reduce the operation cost.

2) Higher selling prices by 3% to 5%for gloves due to shortage of gloves and the orders for the gloves are up to 6 months ahead. The margin expected higher than H1N1 which range from 20% to 40%

3) Export counter -Stengthening of USD against Ringgit by 5% to 10% will benefit glove counters.

4) Sharp decrease in raw material cost by 1% -5 % used in production of nitrite glove due to low oil price.

5) Capacity expansion by most glove counters.

6) Cut in OPR rate - 50bps by bank negara result in lower interest cost for all glove counters. Expect another 25bps cut in May 2020.

7) Lower electricity by 2% under economic stimulus package for 6 months.