That means mgt feels that the stock is still under priced at RM 8.60. No one knows the prospect of the company better than company does....

Over last 5 years, we can only make good return by discovering bottom of a seasonal cycle stocks, like year 2016 Air Asia, 2017-2018 Steel stocks, end 2018 and 2019 O& G stocks, 2020 glove stocks. Let hope Lctitan and Pchemical will shine in 2020 as well

Yes. Thanks for the writeup.

At this price is still a good buy. But this is also similar to glove and O&G stocks which are seasonal in nature. How long can this last? 2 years?

Can see funds slowing buying super shares, uptrend will continue

KLCI performance relied heavily on glove stocks. Volatility will reduce as more and more funds are buying glove stocks, eg EPF etc...

Dear yytihs, can you include me in private discussion group. Thanks

I have commented earlier that SC should investigate how much profits IBs made from each CW they issued. The profits they made is the loss by poor retail investors. It is a zero sum game. CW is like a gamble, a gamble between retailers (players) vs IBs(bankers). Chances of winning by retail investors are slimmer than gambling in Genting

Morpheus61, good job

We can also refer to the Edge article below

Extract : Some even wrote to the Securities Commission Malaysia (SC) to complain that the securities firm had drastically changed its view on the stock, from a “buy” to a “sell” call, in a span of just two weeks.

According to a letter sighted by The Edge , an investor has lodged a complaint with the SC against the securities firm over the downgrade. The investor asked whether there was any conflict of interest considering the securities firm had also issued call warrants on Top Glove.

The SC and the securities firm did not immediately respond to questions from The Edge.

" the securities firm had drastically changed its view on the stock, from a “buy” to a “sell” call, in a span of just two weeks." ---- how can a valuation changed in a span of just two weeks. There is definitely a manipulation and conflict of interest


https://klse.i3investor.com/blogs/gloveharicut/2020-09-23-story-h1514264675-Investor_loage_complaint_with_SC_against_Macquarie_downgrade_on_TOP_GLO.jsp

Mercator hit all time high, our TG and Super still struggling to reach all time high again... about 20-30% more. Why? Because got few Call Warrants expiring, Malaysia have too many glove stocks or low quality glove stocks....etc

cheap shares are sapu by big funds last few days and old fox kyy. They need to push to at least RM 9 to see reasonable profit for them

haha, those swing traders like mf very happy loh can buy back at low price. What an unexpected political uncertainty again...

slow and steady and forming cup and handle better lah. Mkt now affected by political uncertainty

freetospeak sifu so optimistic. RM 10 i am happy already. If US confirmed second wave, then will shoot up to recent high, RM 15 is possible...

Ha, Karimboss also said gogogo.

Uptrend started yesterday...Second wave in Europe. US likely also second wave as not much news on this, as Trump tried to cover up, less reporting and less testing prior to election.

Superman brother Intco Medical of China limit up today. Second wave coming and demand will be more than expected. Superman shall be uptrend next few days...

Super has so much cash... It should follow TG to buy back.



Immediate Announcement on Shares Buy Back
TOP GLOVE CORPORATION BHD

Date of buy back 21 Sep 2020
Description of shares purchased Ordinary Shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 12,495,000
Minimum price paid for each share purchased ($$) 7.850
Maximum price paid for each share purchased ($$) 8.000
Total consideration paid ($$) 99,758,586.00
Number of shares purchased retained in treasury (units) 12,495,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 44,221,800
Adjusted issued capital after cancellation
(no. of shares) (units) 8,177,785,304
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.54076

Announcement Info
Company Name TOP GLOVE CORPORATION BHD
Stock Name TOPGLOV
Date Announced 21 Sep 2020
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-11092020-00026

Looked like big funds not able to press down TG. Euro and US futures dropped due to second wave. Super will recover strongly.

Reasons could be KYY and SBB have taken too much of IBs cheap shares. IBs not buy enough of cheap shares. Top glove is CI and they have more long term funds to buy and support.

Potential catalysts for Super include coming quarterly results in early Oct 2020, high dividend, inclusion of CI etc. I believe Stanley will do his part to declare good dividend.

Top glove is very stable and strong support at RM 8. Only Super is still dragging the feet of other glove stocks last few days

Mkt is dominated by glove stocks, esp Super and TG. Today value traded is RM 6.2b. Super and TG valued traded already about RM 2.2b, or about 35%, insane

This is market lah. If mkt so easy to predict, every one is millionaire already...

likely too many retail investors in Super. Big boys also caught by sbb as their tickets collected by sbb. They need more cheap tickets to recover their wounds... They have to shake out more retail investors' shares... Just wild guess haha

Big boys want to make all retail investors disappointed and leave supermax as only supermax kena sold down...

Super got call warrant due end of this month. IB issuing the said call warrant wants to shake more out...

big boys have last round of shaking...TG recovering very fast.

No more easy money for glove stocks...

i bought some at RM 8.06. Queue RM 8.0. Will continue to buy some below RM 8.

Luckily sold some this morning and last few days...

a lot of sellers, why?

More sellers selling down, super best match price is RM 8.30.

Results exceed expectation with dividend 8.5 sen.

glovehaircut sifu really fast... our Chief Editor for glove news

TG, Harta and Kossan up. Super down because still in consolidating. Super is good buy now as glove stocks are mostly correlated.

KYY old already sometimes he does not know what he did and wrote and his statements are contradicting. He also selectively hantam TG sbb but forget about the fact that Super also did sbb. Do you homework, set your target price.

Freetospeak sifu understand the glove mkt more. Mkt efficiency will adjust price from time to time, quarter to quarter results. This is how Mr Mkt work. Share price now will not reflect demand and supply in 5 year time lah.

https://www.theedgemarkets.com/article/glove-supply-will-not-meet-demand-next-three-years-says-hartalega-executive-chairman

So many claimed to be long term investor as though they can see the future like Chivo Capital keep spreading negative comments on glove but in actual fact they fail to understand mkt efficiency work.

TG max cap is around RM 70billion, Super around 25 billion. These 2 stocks up, the rest up. Who have so much money and capital to play glove stocks? It must be hedge funds and IBs with vested interest in cw.

KYY is irrelevant. He can play HengYuan as its mkt about barely RM 1 b but not glove stocks. He is just trader nothing to shout lah.

KYY is just ikan bilis like us. Just ride the wave. RM 9 to RM 10 is good for me already as i bought very low around RM 6 lately. The rest of unsold glove stocks like TG, Super are free shares.

Very obvious hedge funds and IBs with vested interest in cw playing glove stocks. So long has not not seen such magnitude of swing trade with super big caps like Super, TG, Harta...

Superman rebounded from RM 6 to RM 9 in just 2 days. Those created fear causing retail investors to cut loss can sleep well meh?

Even at RM 9, before BI, is only RM 18...

Wow, from RM 6 to RM 9 in two days. Superman

Old fox kyy tonite will come out article to talk cock again, haha

Mini OBM Careplus already limit up. Super closing 888?

Careplus mkt cap only about RM 1.3b. Top Glove, Super or Harta should offer to take over this small OBM gem.

Careplus mkt cap only about RM 1.3b. Top Glove or Harta should buy this small OBM gem as Harta not able to increase much ASP.

After recent plunge in share price, Harta price is attractive.

Careplus mkt cap only about RM 1.3b. Top Glove or Harta should offer to take over this small OBM gem.

Careplus mkt cap only RM 1.8b. Top Glove or Harta should offer to take over this small OBM gem...

Cases are increasing again, even for Msia, which is tightly controlled police state.


https://www.enanyang.my/%E5%85%A8%E7%90%83%E5%A4%A7%E6%8A%97%E7%96%AB/%E3%80%90%E5%8D%AB%E7%94%9F%E6%80%BB%E7%9B%91%E6%96%87%E5%91%8A1%E3%80%91%E5%9B%BD%E5%86%85%E6%96%B0%E5%A2%9E182%E7%A1%AE%E8%AF%8A%E5%86%A0%E7%97%85

Today no shares buy back? This morning also dropped below RM 6. I managed to grab some.