Stockraider. You obviously not from glove sector. Nitrile fully sold out till end 2021. Apa new entrants??

New entrants such as Inix etc semua mau goreng sahaja..now is goreng season.. after the tide subside we will know who has been swimming naked. As long as EPS grows, prices will track them but it wont track straight line.

“On a poker table if you can find who is the patsy, then you are the patsy”. Warren Bufett.

https://www.cnbc.com/2020/12/04/who-warns-covid-reinfections-may-occur-as-data-suggests-antibodies-wane.html

Vaccination is a yearly affair..

https://www.cnbc.com/2020/12/04/who-warns-covid-reinfections-may-occur-as-data-suggests-antibodies-wane.html

Covid vaccines will be a yearly affair as antibody wane after 6months.

Supermax already setting up HQ in UK and US to sapu the market there anticipating this. JP Morgan also didn’t dare mention Supermax.

JPM 9.8% out of RM55mil fund size is just above RM5.5million la..they shorted the gloves thinking it will crash. But Ts Lim keep buying and EPF selling subsides. MACD turning positive. They are scared that they will lose money on this trade and lose their jobs too. They turned desperate.

Friday morning they release report . Prices start dropping to attractive levels again. Local Funds and retailers pushed it back. They are worried again.

Saturday morning they got The Edge to publish it to create some panic among retailers.

See the game

Stockraider lagi u try to push, you look desperate. Boring that the panic strokers got no substance in this forum. Every time just Run, glove ended, blah blah blah.. empty talk and no facts

JPM 9.8% out of RM55mil fund size is just above RM5.5million la..they shorted the gloves thinking it will crash. But Ts Lim keep buying and EPF selling subsides. MACC turning positive. They are scared that they will lose money on this trade and lose their jobs too. They turned desperate.

Friday morning they release. Prices start dropping to attractive levels again. Local Funds and retailers pushed it back. They are worried again.

Saturday morning they got The Edge to publish it to create some panic among retailers.

See the game?

Shame on the edge! Boycott them.. they are working non stop to whack glove companies alone. They also played up Stanley’s case which came up to nothing..go n see construction workers hostel. Construction site also many clusters and why no attention on them. Because money is in gloves

Wow.. JPM nonsense clearly has riled up people. Similar to Tesla, gloves has a cult following in Malaysia. With quite a number of opportunist trying to grab it low by stoking fear. So u know tht it is still the hottest stock in town. Wont be easy to bring it down

Rubber gloves counter in net short position. Topglove about 100m shares in net short position. Currently, foreign participation is only about 15% and the rest are retailers and local institutions. Unless retailers panic sell and EPF sells, we dont expect big movement downwards. Im sure rubber gloves bosses wont allow manipulation of their stock price especially canons on their side

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20201211.pdf

Rubber gloves counter in net short position. Topglove about 100m shares in net short position. Currently, foreign participation is only about 15% and the rest are retailers and local institutions. Unless retailers panic sell and EPF sells, we dont expect big movement downwards. Im sure rubber gloves bosses wont allow manipulation of their stock price especially canons on their side.

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20201211. https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20201211.pdf

https://www.express.co.uk/news/politics/1370279/Chris-Whitty-news-coronavirus-warning-vaccination-covid-19-mutation-latest-vn

England’s Chief Medical Officer saying thaf Covid vaccination could be a yearly affair since the duration of protection from a vaccine is unknown. Imagine billion have to be vaccinated every year. Where does that bring gloves to
12/12/2020 11:22 PM

https://www.express.co.uk/news/politics/1370279/Chris-Whitty-news-coronavirus-warning-vaccination-covid-19-mutation-latest-vn

England’s Chief Medical Officer saying thaf Covid vaccination could be a yearly affair since the duration of protection from a vaccine is unknown. Imagine billion have to be vaccinated every year. Where does that bring gloves to

As i mentioned and i will say it again one last time. Stanley has commitments from many foreign index linked funds to buy Supermax. Share price can go up if funds that want to buy but couldn’t due to some restrictions previously can now buy. Example you see in Harta and Topglove, many index link funds are already there. That’s the hot money that will come into Supermax. Why Supermax? It has the highest profit margin and room for growth. Due to aggressive expansion in UK and US, it is catching many eyes of funds there.

JPM TP was actually set to lower Supermax’s share price. Stanley had committment from many international funds that they will buy Supermax once it becomes an index stock. Supermax’s profitability is going to be explosive in the coming quarters. There will be a rush for foreign funds to buy come 21.12.2020. Best for JPM to buy it cheaper on 21.12.2020rather than fighting other big funds and paying a lot more..

Supermax Top 30 excluding Stanley and wife

The Vanguard Group, Inc.
1.88%
Geok Tan
1.85%
Norges Bank Investment Management
1.64%
AIA Investment Management Private Limited
1.59%
Principal Global Investors, LLC
1.53%
UBS Asset Management
1.49%
BlackRock, Inc.
1.33%
Public Mutual Berhad
1.2%
Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments
1.12%
Dimensional Fund Advisors L.P.
0.96%
Eastspring Investments (Singapore) Limited
0.92%
Heng Ting
0.67%
Teachers Insurance and Annuity Association of America - College Retirement Equities Fund
0.58%
Maybank Asset Management Group Berhad
0.52%
Grantham Mayo Van Otterloo & Co. LLC
0.51%
Wooi Gong
0.49%
Urusharta Jamaah Sdn Bhd
0.47%
The People's Bank of China
0.37%
State Street Global Advisors, Inc.
0.33%
GIC Pte. Ltd.
0.33%
Samsung Asset Management Co., Ltd.
0.33%
Tokio Marine Asset Management Co., Ltd.
0.32%
AXA Investment Managers S.A.

Topglove Top 30. Look at JP Morgan’s shareholdings

Wee Chai Lim
26.08%
Firstway United Corp
6.92%
Employees Provident Fund of Malaysia
5.58%
Bank of Singapore Limited, Asset Management Arm
3.68%
Kumpulan Wang Persaraan
2.31%
UBS Asset Management
2.06%
MFP Capital Corporation
1.68%
BlackRock, Inc.
1.62%
AIA Investment Management Private Limited
1.62%
Hooi Sin Lim
1.4%
Eastspring Investments (Singapore) Limited
1.1%
State Street Global Advisors, Inc.
1.02%
Lion Global Investors Limited
1%
Norges Bank Investment Management
0.86%
The Vanguard Group, Inc.
0.82%
CIMB Group Holdings Berhad, Asset Management Arm
0.73%
Principal Global Investors, LLC
0.72%
Citigroup Inc.,Banking and Securities Investments
0.71%
Public Mutual Berhad
0.65%
J.P. Morgan Asset Management, Inc.
0.44%
American Century Investment Management Inc.
0.38%
Sharmila Sekarajasekaran
0.37%
TOBAM
0.35%
Siew Bee Tong
0.28%
Dimensional Fund Advisors L.P.
0.25%

It is very clear now. JPM fund size is RM52M. 9.8% is plus minus RM5.2 million. Any idea is the daily trade value of Topglove? it’s hundreds of millions a day. JPM shorts the stock, picks it up cheaper and also help Macquarie in the process. They buy it back and ride it up once again.

The Edge always seems to have an agenda against rubber glove companies from the start if the pandemic. Hidden hands?

https://www.cnbc.com/2020/12/11/jim-cramer-calls-ipo-pricing-broken-after-airbnb-doordash-debuts.html?utm_content=Main&utm_medium=Social&utm_source=Facebook&fbclid=IwAR01dhwOm_hujo4UNr_FtkbATomLkIyvAtgoy5m_aVzLLC0sN1CEDLRPYKc#Echobox=1607700003

Even Jim Cramer is saying the syndicate Investment Banks are an embarrassment. What do you expect.

Yeah everybody wants to give TP. Everybody has a crystal ball able to predict the future so accurately. None of these analysts from US banks predicted the sub prime mortgage crisis. They’re still alive because bailout from US government. Its just their opinion. JP Morgan is not the only foreign bank. Remember TP100 for Topglove??

It didn’t materialize. So take it with pinch of salt.
The conclusion and basis has many unfounded assumptions. Did they provide data on ASP? No numbers given. Did they provide order book numbers? Did they also say tht no nitrile available until end 2021?

Make your own conclusions. Have a good weekend

The foreign banks are ganging up. MacQ and JPM. Note that both reports written by local guys who works for foreign banks. Direct challenge to Malaysian government funds, IB and company owners. The battle is between them. If it drops we buy, thats all

Fitch downgrade spurred the banks. This downgrade will spur gloves?

We can learn a lot from nature. If you have time over the weekend, watch “Our Planet” on Netflix. In the episode “Deep Sea” they show how sharks hunt.

The white sharks will start the attack on fishes above. The scared fishes will find protection in the corals. The hammerhead sharks will create panic in the corals to flush the fishes outside. After that, both sharks will have their tummy full.

When sharks attack all we need to do is to stay in the corals that we believe in.

Yeah JP suddenly interested in malaysian rubber gloves. There is something to this

Aiya you all game over since dont know when. Windfall tax la, Russian vaccine la, emergency la, Pfizer, JP Morgan, FDA, ESG etc etc....

But prices are holding well. In facf, on Monday, it might just go up

Wall Street Journal.. they are saying something different than JPM’s assumptions

https://www.wsj.com/articles/u-s-supplies-of-covid-19-ppe-fall-short-of-targets-11607509800

JP Morgan only got 0.44% of Topglove la.. foreign ownership is already record low in Bursa.. you think funds lke Vanguard and UBS will just follow?you saw the support from 6.50-6.90 on Friday? Do u know JPM report was already out on Friday morning? Edge only reporting on Midnight. So the selling was well absorbed on Friday. And so SBB on Friday. Who was buying???

Maybe JPM themselves. Monday probably drop a little at opening but will be well absorbed. I have faith in Tan Sri and local mutual funds whom
They ridiculed

Largest bank so what? Goldman Sachs was the largest when 1MDB happened. Didn’t they eventually agree to fraud after years of hiding?

https://www.freemalaysiatoday.com/category/business/2020/09/30/jpmorgan-to-pay-us920-mil-settlement-for-spoofing-markets/


Old habits die hard

https://www.freemalaysiatoday.com/category/business/2020/09/30/jpmorgan-to-pay-us920-mil-settlement-for-spoofing-markets/

They are at it again

https://www.ohscanada.com/features/pandemic-shakes-gloves-market/


Canada OHS also saying that if you want glove, position yourself for 2022 as 2021 capacity is fully taken up. JP Morgan 2 coconuts here are talking bollocks.

Just to buy low and sell high later.

JP Morgan (Malaysia office) issues the report today morning at 9:30 am.. thats why Topglove which gapped up in the opening came down.. the report is ridiculous. It priced Topglove at RM3.50.

It states that there will be many glove players in the market without addressing that there is no more nitrile until 2022 for the new entrants.

Secondly, they made assumptions that testing will be reduced in second half of 2021. Suspect the timing of the report is to help Macquarie warrant exp today.

https://www.cnn.com/2020/12/10/australia/australia-vaccine-hiv-intl-hnk/index.html


Sanofi GSK vaccine delayed until late 2021

https://www3.nhk.or.jp/nhkworld/en/news/backstories/1421/

Even masks they have contracted up to October 2021 for stock piling. Imagine Gloves which is the most sought after PPE

Officials added they are working to increase supplies of other types of PPE such as isolation gowns and gloves.

“We do have constraints in the glove market,” said Brigadier General David Sanford, the director of the supply chain task force. The stockpile has gone from “16 million to over 190 million by the end of this week.”

Gloves have overtaken N95 masks as the PPE item most in shortage by health systems due in part to only a few overseas manufacturers dominating the market, according to an October survey from the health improvement company Premier.

https://www.fiercehealthcare.com/hospitals/hhs-defends-falling-short-ppe-goals-strategic-national-stockpile-as-some-shortages-linger

https://www.fiercehealthcare.com/hospitals/hhs-defends-falling-short-ppe-goals-strategic-national-stockpile-as-some-shortages-linger





Officials added they are working to increase supplies of other types of PPE such as isolation gowns and gloves.

“We do have constraints in the glove market,” said Brigadier General David Sanford, the director of the supply chain task force. The stockpile has gone from “16 million to over 190 million by the end of this week.”

Gloves have overtaken N95 masks as the PPE item most in shortage by health systems due in part to only a few overseas manufacturers dominating the market, according to an October survey from the health improvement company Premier.

Topglove opened gap up today. Sell down because JP Morgan downgraded Topglove to TP 3.50.
Even people who shout sell here knows that 3.50 is ridiculous. But foreign McD warrant issuer cannot suddenly downgrade Topglove again because the last round itself it brought a lot scrutiny on them. So they must have got their pal at JPM to downgrade it for them just on the warrant expiry cut off date.

However grand plan didn’t quite to maximum damage as Topglove and Supermax both rebounded off sessions lows to form a hammer. I dont see a head shoulder pattern but a pennant that is still intact. MA Cross Signal has not been breached for a sell trigger. We hope Monday will be a day for a rebound and reversal

Topglove opened gap up today. Sell down because JP Morgan downgraded Topglove to TP 3.50.
Even people who shout sell here knows that 3.50 is ridiculous. But foreign McD warrant issuer cannot suddenly downgrade Topglove again because the last round itself it brought a lot scrutiny on them. So they must have got their pal at JPM to downgrade it for them just on the warrant expiry cut off date.

However grand plan didn’t quite to maximum damage as Topglove and Supermax both rebounded off sessions lows to form a hammer. I dont see a head shoulder pattern but a pennant that is still intact. MA Cross Signal has not been breached for a sell trigger. We hope Monday will be a day for a rebound and reversal.

Tan81.. fuck off..

Covid case in kossan..

https://www.thestar.com.my/news/world/2020/12/11/sanofi-and-gsk-delay-covid-19-vaccine-marking-setback-to-global-fight?fbclid=IwAR1hVKD9rVRth4q2EW_X5f2bJGMBwn-mQhtOn5XiMpCsDdgGpJOXoEnrxf8#.X9NEb2yI2lY.facebook

https://www.thestar.com.my/news/world/2020/12/11/sanofi-and-gsk-delay-covid-19-vaccine-marking-setback-to-global-fight?fbclid=IwAR1hVKD9rVRth4q2EW_X5f2bJGMBwn-mQhtOn5XiMpCsDdgGpJOXoEnrxf8#.X9NEb2yI2lY.facebook

Majority selling are those who chased the stock higher few days ago.. probably on margin and contra. They want to recover losses from banking counter not knowing it has peaked there.

They want you to sell now. They thought you will panic. No choice soon they have to buy from you at higher prices.

They are IBs, sharks, operators. Whatever you wang to call them..

Patience brothers.. patience... just hold on tight and see it go from here

https://www.cnbc.com/2020/12/10/covid-vaccine-merck-ceo-optimistic-sees-6-more-months-of-masks.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

CEO of Merck who owned stake in Moderna. See what he says. Glove demand will go down? Nonsense