@sammmy yeah you're right.

"Most global Asian markets closed off intraday peak as investors took profit ahead of the Fed meeting and following a pessimistic outlook by the World Bank that expects the global economy to shrink 5.2% (the deepest recession since WWII)."

Investors/sharks are all pulling handbrakes waiting for the announcements from the Fed that's why we are looking at a slower pace market now in all various industries/sectors but bare in mind, the shrinking of global economy is indeed without any doubts however, one of the few sectors gaining more businesses and revenues during this almost half a year pandemic crisis is definitely the healthcare sector. Needless to say, healthcare counters QR will ride against the strong waves and storms of the rough sea especially BCMALL which has been in green generating net cash profit even before covid-19 throughout the years.

They are collecting already and it's slow and planned pattern, everyday.

@btuscy agree with you and very comprehensive summarized by you regarding to BCM.

@btuscy Bcmall upcoming 1stQR for 2020 will definitely be positive and so is the future 2ndQR, 3rdQR and so forth.

For those who question why director are selling, c'mon guys, its called trading, when there is buy there will be sell, supply&demand, directors selling a small portion of their share is NORMAL as they would like to take a bit of profit, but they will definitely have to buy back to maintain their percentage. The next step is up to us to hold and not sell back to director at a lower price, if you guys can see the logic in this step, director sell a small portion, bilis panic and go sell lower and once price is low director buy back at lower price, and when bilis see director buy, they panic buy due to FOMO, and director sell again, repeat2, if u cant see the pattern then u should just play fix deposit, the only way u will profit is hold and sell at the right time, dont kanchiong and panic sell at the wrong time.

stay strong and huat everyone!
09/06/2020 5:01 AM

Yeah instead now they are accumulating quietly unlike the previous times due to picking up the covid-19 selloff counters like AA and others currently. Hold strong and QR will bring another wave to healthcare counters once again. People are crazy with ACO today but to me seems like mere speculation as the counter itself is not healthcare based and assume that they have been losing money for months already, weak QR. BCM will be bullish again anytime soon just the matter of time.

Morning guys happy trading and good luck.

https://www.theedgemarkets.com/article/who-says-pandemic-far-over-daily-cases-hit-record-high

Thank you @su1801 for constantly updating.

Cmco extended until August 31st. Still have plenty of time for healthcare sectors.

@ray1980 yes Agong birthday.
@btuscy happy holiday bro and everyone, have a good rest and continue the war next week

Guys just relax and stay calm for today, its holiday already lol sharks also need to take a rest don't they? And I believe the main reason many have pulled handbrake is to wait for the much anticipated whether to fully lift MCO or not, this will be announced soon right if I'm not mistaken? So have a good rest and prepare for the turbulence next week everyone.

@sammmy yeah you're right. If is as serious as what others above mentioned, it has already dropped drastically. It is just reacting to how the market is behaving today looking at the glove counters slow movement, afternoon session all of them are falling back as well. And also its just dropping simultaneously as its peers are dropping the same too which is LKL and K1.

@su1801 yeah bro. Seems to be slow day with profit taking or consolidating for long weekend ahead. Later next tuesday rebound and then many will be complaining again "let go too early".

The whole market is slow today no matter even if the directors are selling or not.

Bursa having its holiday and rest day finally?

@Tripaka yeah i saw that too but their core business is not healthcare related and it's just they are collaborating with prima nexus for the testing kit.

Not the timing yet as we can see its unusual movement medical equipment counters not going along with glove counters. Maybe just either today will be a slow stable day as its Friday and long weekend.

"What the market has missed is the structural flow through from what has happened. The world will never be the same again, especially the healthcare sector,” said Anand.

“People are going to be much more cautious about treatments and what medical equipment they use going forward to ensure that contagion does not happen again and gloves are going to be an essential part of that,” he said.

https://www.theedgemarkets.com/article/its-multiyear-story-glove-makers-not-just-blip

Fyi, "UWC sees strong demand from Covid-19 equipment makers as Q3 net profit soars"

https://www.thestar.com.my/business/business-news/2020/06/04/uwc-sees-strong-demand-from-covid-19-equipment-makers-as-q3-net-profit-soars#cxrecs_s

@btuscy agong birthday

Like what @geary say airlines not so fast

I think with more relaxations given even if extend cmco and as you all say transport, o&g all will increase but still its just short term effects after few trading days things will go back to normal again (healthcare trend). Even OPEC only Saudi and Russia put efforts into reducing, others are not so the inventory level is still above average. The global chain has been disrupted badly la such as tourism affected jet fuel badly and it's same goes to other sectors. So the next few trading days I'll trade cautiously in addition with today's rumors about number of mp seating has changed haha *facepalm

Reading the numbers today cmco will most likely extended but with relaxations? Not a good sign for other sectors but healthcare

277 new cases reported. Yeah in within the period of time till QR still got a lot of chance don’t worry.

All the best to those who have had technical issue. Today was more like planned collecting instead of like that day overflow. Gotta monitor closely tomorrow good luck guys

Another wave, hold tight and let's see

Wow look at the volume guys.

Wow good momentum, keep it up.

@su1801 Even mobile apps also can't? That time I had experience with hongleong's website but mobile apps was working at least.

https://www.theedgemarkets.com/article/malaria-drug-touted-trump-fails-prevent-covid19-high-profile-study

Fyi

@geary haha soh chin wen. good reference.

Yeah, despite the volatility recently, going back to the roots which is the FA and stick to the good ones will definitely be fruitful.

@zhm540 thanks for the info and you may go steam at carepls ya good luck

Thought O&G will rise after OPEC extension but not much activities also.

Even after Monday, it’s funny still hearing some brokers labeling them as “oh the laundry seller?” But indeed, they still need more exposures to the media outlets despite of what happened on Monday. Like what @su mentioned didn’t appear on any media outlets also. Hope they will stand out telling more about BCM.

KKM reporting increased new cases again take note guys

Considerably good close with support, keep it up guys

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/06/03/japan-faces-another-wave-of-covid-19-infections-in-tokyo-and-fukuoka

https://www.aljazeera.com/news/2020/06/record-coronavirus-daily-death-toll-brazil-live-updates-200603000800359.html

Tokyo another wave, India surpassed 200,000 infections, Brazil recorded another daily death record

"While valuations have reached astronomical levels, certain research houses still expect glove makers, currently one of few bright spots in the local equity market due to their position as beneficiaries of the Covid-19 pandemic, to continue their rally over the next six to 12 months alongside other healthcare stocks." TheEdge

@geary yes agreed is still not overpriced compared to other counters based on its FA. Need the momentum continue going on.

BCM is holding relatively strong compared to others, someone is supporting it

Red sea, the more it drops the higher it rebounds.

@bullrun_93 the tips are common sense. haha no offense cheers mate :)

Opinions, thoughts, news, technical analysis, buy/sell/company activities&signals including your own mindset and many more are all meant to be interpreted and analyzed instead of following blindly.

@icepumpkin yeah these big players have had covid-19 selloff enormously so it's normal for the market to start regaining its balance and once again as mentioned, however we all clearly know which sector will be showing flying color results of QR for this year.

@btuscy @geary agree and we all know we will stick to our own analysis and research despite of so many uncertainties.

@jason I believe you do sound better now compared to yesterday. All the best mate

Morning everyone I'm about to tee off my golf session. Before that just to point out some facts.

There will be a lot of news from here and there so basically, market is full of "lalang" now whichever wind direction blows they will follow. I believe there are many "news" out there saying MCO will be lifted fully which this is one of the main reason why market is bullish now as we can see counters like Genting and AA are having positive sentiments. I personally from the construction sector and why i don't even bother looking into those counters because we all know they have lost millions and some multi-millions which it definitely takes at least half a year or even longer for them to recover the losses so that's something we might only see in 2021. In additions, we all know what's happening in the West now, there are so much fears second wave of covid outbreak which is now being overshadowed by the other more intense issue happened, sooner or later covid will be up on every news again. Coming back to the point, if situation worsens around the world how long do you think it takes for us to reopen back for tourists and hence, how would that affect tourism sector? Whether it will be fully uplifted or not no one knows and even if it is, don't worry once QR comes out lalang will fly back to companies which make money.

Fret not, adjust and react yourself accordingly to the market tomorrow and am enjoying the night with 21 years, Hibiki whisky smooth and fragrant.

Agree to both of you @geary and @eagleeye

Do not worry and panic guys, hold on to it and do expect it takes time for BCM to surge high once again. We shall see what happens tomorrow as most of the glove makers are being imposed with the margin cap (listed in the by TheEdge news below). So most likely the additional over flowing funds will flow to other healthcare related counters which also means sharks might attack anytime soon. Trade based on your on analysis and risk appetite.

https://www.theedgemarkets.com/article/brokerage-houses-tighten-margin-financing-glove-makers-stocks-amid-trading-madness

One more additional point with their strong net cash flows they stand better chance for any potential M&A under this circumstances. Once again, just my thoughts and opinions.

I believe and understand today’s market is rather disappointed due to the facts that the market is actually looking at the much anticipated conclusions of MCO hence, more towards blue chip counters like Genting. In addition today’s deteriorated share price of healthcare not only BCM, it’s peers such as LKL, careplus and also the big players glove makers so don’t be panic and emotional which leads you to be irrational and lose judgments with such mentioned termination news. Agree with what as mentioned by some of you, also we try analyzing from a point of business owner view is it rational to acquire such business at this moment or rather keep the cash in pocket (dividends,bonus) and perhaps it’s a blessing in disguise for the termination. It might has something to do with yesterday’s closed deal trading and it could also be some shares restructuring reason being possibly there’s an upcoming plan ahead for example Careplus joint venture weeks ago? It’s just my assumption though but trying to point out that if is all planned meaning they are trying to make better use of the funds instead of acquiring Foodict. Business owners must react well and adapted to every different circumstances being thrown at them. Strong FA and business model of BCM we have discussed countlessly which is doing good and putting those aside, it’s more into psychological war under such volatile market. Regardless what, it’s all just my thoughts and opinions by putting myself into their shoes as business owner. Good luck guys

And also compared to yesterday’s increase the drop today is still considerably okay in a sense.

Yup analyze and understand the current situation, today more to profit taking then transit to blue chip counters. Regardless, set your own target/planning it’ll rebound just the matter of time. This counter is still relatively low in comparisons and more to go.

Comparing yesterday's increase and today's drop actually is not as worrisome. As many mentioned as well, is just correction or traders are diversifying. Regardless, look forward to the upcoming QR which is much being anticipated by many as its believed this pandemic most of the other sectors have had not been generating good revenues except healthcare and some other sectors.

@Jason you kept mentioning "personal attack" in fact no one has been doing it except you for pin pointing the counter gonna plunge this and that instead of valid and genuine discussions which are very much welcomed. Or else you can really just move on to another counter which you think its worth investing as you say, move on.