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

Hard to say for Kossan, Aberdeen seems to have stopped buying

Morning sold 1.27, buyback double up 1.23

Today stop at 1.28 or 1.33 nicer

Got legs, stay on the ride

Total 12k lots at the bell
RM5 will come back surely

Possibly this rally is sustainable, on the back of raising the ASP

Oh, RWG bought GB!

But but but... Kossan won't excite you too much leh, at least based on historical
TG already gained 12%, Careplus 8%, Harta 8.9%...... Kossan 5% only

Lai lai lai

Make it clearer, not market ASP rising, all glove companies raise ASP themselves due to nobody do loss business
Especially when variable cost also cannot cover

ASP rising is the whole industry, not specific to TG

Highlight: Raised ASP since Feb
Also, TG result is flat Q to Q

Buyback 1.10, ready to buyback more after TG QR

Today should be TopGlove QR day

Sold all few days ago ex-divvy

Haha yesterday evening sold some again lol

https://cdcgaming.com/las-vegas-visitors-getting-younger-and-more-diverse-and-spending-more/?utm_source=rss&utm_medium=rss&utm_campaign=las-vegas-visitors-getting-younger-and-more-diverse-and-spending-more

https://agbrief.com/intelligence/deep-dive/13/03/2023/lobbying-heats-up-for-new-york-casino-licenses-two-asia-focused-companies-deemed-shoe-ins-for-licenses/

It depends whether RWG holds any shares
He twists and turns in the market depending on whether he wants to buy/sell lol

Just wait for good times again to sell, no hurry

If not mistaken, the amount involved was “coincidentally" just below the threshold that will trigger shareholder approval
LKT is cunning, and he isn't honorable like his dad

Momentum is there with the foreign fund, this time hold

Back to 1.14 so fast?

Only can look at the moment, not yet attractive to me

Buyback some again 1.08

Well, short selling has increased very substantially
Short selling is now neck in neck with TopGlove in terms of percentage of issued share

Hard to break lower, buyback some 1.10

A bit lower pls lol

MoneyMakers, Bob, RWG, all same tactic

I guess 4.60

MoneyMakers is probably same gang as Bob too

1.14 again lol

Billy Dunn already announce "retirement" lol

May be tough to close above 6

It was nice to sell a little at 6.40 a month+ ago, wonder who was the big supporter

Not really if you minus the dividend
Let's see post dividend pricing

Wow, very strong closing