Weak sentiment, sold some

Steady

Instead, I was bombarded to talk good on Aji here in GB forum, and the die hard investor with seemingly bottomless fund says MSG is dying lol
I didn't know forums were for good news only, and I still pity those who thinks so lol

I have stated my intention long time ago to switch Genting to Aji
Should've made more switching when GB shot up to around 5+ but decided to wait for the QR for bulk switching
Aji was around 13.80 at the time

Not a buy/sell call lol

Kossan is leading the sector since yesterday

For Kossan still safe, but the rest is ....

Sold half my position in Harta few days ago, bought back one quarter yesterday

Still no transaction from Aberdeen, last was 16th

Today still uptrending, goooood

Expensive because still comes with RM1 divvy
Furthermore, with their hedging strategy it means even at current RM3.6K+ CPO price, they will sell higher than market price of maybe around RM4K

As usual, another big impact is when your subsidiaries gives you the equivalent high dividend, and you squander the profits via RPTs

NTA doesn't mean much for conglomerate shareholders
The cake is yours but not for your eating, how?
Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits

Seems like Aberdeen stopped buying after 16th? Wait for another day or two to confirm

Haha, good news, short sellers kena squeezed!
Yesterday net short selling reduced tremendously from 1.74% to 1.12%!

lol RM2?

Sold less than 5%

No worries, few sen lower will buyback lol

Sell a little 1.31

So far I only see bad news, RWNY and Catskills reduced gross profit
Need to checkout Gens and GenM performance

Yes, 1.30 has big resistance, but you can see the holding support is climbing

RM2 coming today

Very good environment for some short term trading!

Coming!

At least Aberdeen still buying, albeit slowed down a little based on 16th March purchase

This thread not much posts. Can see clearly who is right and who is wrong after a few weeks lol

Seems like there's new interest in the counter

UtdPlt on the other hand, is holding well with the RM1 divvy
Switch to UP if you want to hold long term with nice divvy

CPO at 3850, if GenP drops to 5.80 I may re-enter

Finally managed to squeeze the short sellers
Net short selling yesterday reduced from 1.78% to 1.74%, good job to the holders

I support 1.36 destiny lol

If minor GG, maybe can at least hold

Gloves is coming back

I sold after capturing the divvy, after ex-date

Short sellers are different animals from contra players
Somehow, I think the rally is not over yet, now is just a lower high

Don't forget short selling was super strong too not so long ago, maybe around 1.1 that time can't remember
At the end, I think short sellers won when Harta price plummeted

TG and Harta is valued higher in terms of price to book ratio due to having much larger production capacity than Kossan as well as perceived technical strengths
However, I believe the big gap in price to book ratio is unjustified, and could be the reason Aberdeen bought in

To give some perspective to the matter, 1st March net short sell for Kossan was only 0.7% @ 17.9m shares, while TopGlove was 1.34% and Harta was 1.09%

Kossan has taken over Top Glove as the most shorted glove counter, which started since around 2nd week of Feb

Friday single day net short selling movement:

Kossan 1.7% to 1.78% @ 45.6m shares
TopGlove 1.68% to 1.69% @ 138.7m shares
Harta 0.77% to 0.76% @ 16.2m shares
Supermx 0.51% to 0.54% @ 14.6m shares (has remained at 0.51% for 2 weeks, yesterday finally changed)

Above is only looking at net short, intra-day shorting could be much higher

Tomorrow checkout the net short selling, data should be interesting

I contributed 14k shares at RM17k+, 0.016% lol

87m shares traded, value at around RM100m

I think we're more like planktons

Wow battle of giants

Haha somebody built a wall at 1.23 lol

Have you added short term liquid asset?

This 2nd time soar is totally incomparable to 2020 lah, just recovery to norm!

I trade only around 5-10% of my holdings in Kossan, if not able to buyback is okay, just means permanent take partial profit
If manage to buyback, keep going!

Sold 20%, will buyback on weakness

Sold 20% Harta