Will Mcement benefits from the new Penang LRT lines? And LRT3 extension stations

https://www.malaymail.com/news/malaysia/2023/11/24/reports-malaysians-to-get-15-day-visa-free-travel-to-china-to-reciprocate-with-30-day-visa-free-travel/103992

Visa free 30 days for China tourists. Monday rocket?

Seems like being operated to cause fear. Today dropped even more than SB. Even if there could be no issue with KPower itself.

@Ben Tan

Hi, good day to you. Do you know if the short sellers have covered back last Friday? My broker said it could be. Which is part of the reason the price of TG got pushed up

Why is Supermax call warrant C1A suspended? Is it due to the sudden huge buying volume yesterday?

Supermax C1A still got big funds buying in crazy amount. There will be good surprise soon?

Yea, I don't understand too. The only reason I can think of is some funds/IB knew something that we don't know

@bpsiah Supermax mother share now RM6.64 CW C1A RM0.405 and 5 : 1. Strike RM4.50. Negative premium now and last day of trading for CW yet still got buyers. Fail to understand.

@Icon8888

Maybe already signed deal with US side? Or could be other news, expansion into other healthcare sector? Just look at the crazy buying volume of Supermax C1A, definitely not retailer, either IBs or big funds, they knew something is up.

Maybe got good news too? US side news maybe

I think IBs or big funds are buying up Supermax C1A CW in a very large amount since 2.30pm. Could it be this Supermax QR is super fantastic with great news?

Wah, as I finished typing, the roadblock got burned down already. Well done

Short sellers with their tiny brains trying to block RM6.43. Burn them

Lol nice one. Yea, JPM muka tembok, really a bunch of hypocrites

Shorties useless roadblock at RM6.30 got taken down again LOL

Both China Intco Medical Gloves and Thailand Sri Trang Gloves also going up crazily. Intco is super All Time High!! I think foreign funds are buying in Glove companies share worldwide now, looking at the current global new cases and vaccine concerns.


Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY
284.35+30.00 (+11.79%)
As of 2:50PM CST. Market open.


SRI TRANG GLOVES (THAILAND) PUBLIC COMPANY
BKK: STGT
39.00 THB +1.25 (3.31%)
22 Jan, 12:29 pm GMT+7 ·

Riverstone Holdings Limited
SGX: AP4
1.53 SGD +0.020 (1.32%)
22 Jan, 3:32 pm GMT+8 ·

Short Squeeze coming!! Shorties burn

Both China Intco Medical Gloves and Thailand Sri Trang Gloves also going up crazily. Intco is super All Time High!! I think foreign funds are buying in Glove companies share worldwide now, looking at the current global new cases and vaccine concerns.


Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

284.35+30.00 (+11.79%)
As of 2:50PM CST. Market open.


SRI TRANG GLOVES (THAILAND) PUBLIC COMPANY
BKK: STGT
39.00 THB +1.25 (3.31%)
22 Jan, 12:29 pm GMT+7 ·

Both China Intco Medical Gloves and Thailand Sri Trang Gloves also going up crazily. Intco is super All Time High!! I think foreign funds are buying in Glove companies share worldwide now, looking at the current global new cases and vaccine concerns.


Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

284.35+30.00 (+11.79%)
As of 2:50PM CST. Market open.


SRI TRANG GLOVES (THAILAND) PUBLIC COMPANY
BKK: STGT
39.00 THB +1.25 (3.31%)
22 Jan, 12:29 pm GMT+7 ·

Both China Intco Medical Gloves and Thailand Sri Trang Gloves also going up crazily. Intco is super All Time High!! I think foreign funds are buying in Glove companies share worldwide now, looking at the current global new cases and vaccine concerns.


Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

284.35+30.00 (+11.79%)
As of 2:50PM CST. Market open.


SRI TRANG GLOVES (THAILAND) PUBLIC COMPANY
BKK: STGT
39.00 THB +1.25 (3.31%)
22 Jan, 12:29 pm GMT+7 ·

There are some strong buyers buying up in big blocks. Might close green today?

Err, tan sri, wake up?

Lol this Tan Sri is dreaming. Looks at how the sell queue got played around with.

Interesting tug of war between strong buyer and shorties. They bought big blocks then shorties trying hard to block again

Tan Sri, don't just "monitor", take action already. You got so much dividend in bank now

Tan Sri opens fire in the afternoon session. Already sounded war horn last few days

https://sginvestors.io/sgx/stock/ap4-riverstone/target-price

Look at the target prices for SG Riverstone. The price is steadily rising since the low. Because there is no manipulation by shorties and IBs

Seriously, these shorties have no balls to go and short China Gloves companies. So scared of China is it? Then come bully Malaysia?

Tan Sri already sounded the war horn to the shorties. He won't let it drop below RM6 and will punish the shorties

Why tomorrow afternoon? Haha

@HrryPttr They know how to press and buy slowly. Don’t buy now, wait tomorrow afternoon. Cheers

Feel like giving up already

@Ben Tan, despite multiple local IBs giving glove companies good comments recently, price is still dropping, can clearly see someone manipulating the sell queue of topglove just now. Do you think the price will rebound at this rate?

Tan Sri Lim, if you are monitoring, I think it is time to fight back now. Look at how the shorties is playing the sell queue to prevent TG from going up since morning.

China gloves up 4.4% again to all time high range!

Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

254.50+10.76 (+4.41%)
As of 10:01AM CST. Market open.

China gloves up 4.4% again to all time high range!

Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

254.50+10.76 (+4.41%)
As of 10:01AM CST. Market open.

They are reminding the shorties that they are observing and ready to jump in anytime.

@Topper88 Any idea why the shareholders only buy 1000 shares? So little

Maybank Kim Eng says to keep some glove stocks in your portfolio


KUALA LUMPUR (Jan 20): While glove stocks have been underperforming since November of last year as positive news flow on vaccines hit the market, Maybank Kim Eng has advised investors to hold on to some glove stocks.

"Our view is that you should definitely keep some glove stocks in your portfolio," said Maybank Kim Eng head of regional equity research Anand Pathmakanthan in a webinar session today titled "Market Outlook 2021: Steering through Volatility".

The reasons are because it will take quite a lot of time before herd immunity is reached, and even for vaccines which are available, they only reduce the symptoms, and not stop people from contracting Covid-19, he explained.

Thus, from this perspective, Anand does not expect the glove demand to fall off dramatically, noting that the demand for gloves will still remain strong.

He noted that any vaccine backflow or negative news flow in terms of their effectiveness will enable the glove stocks to act as a hedge.

"It will be a very natural switch back into gloves if people think lockdowns will go on much longer than expected," he added.

"Where we are cautious is the supply part, especially in 2022, not just in Malaysia that will have some pressure on average selling prices (ASPs)," said Anand.

But having said that, Anand qualified that 2021 is still going to be a fantastic year for glove stocks and that the ASPs are still moving up, coupled with the waiting time for glove order backlog still between 12 and 15 months.

For now, he said that the way the glove stocks will need to work in re-attracting investor interest is to make better use of the tons of cash that they have been building up on their balance sheets.

"The cash flow for glove makers is massive. [For] Top Glove [Corp Bhd] and Hartalega [Holdings Bhd], they will be sitting on RM6 billion to RM7 billion net cash in the next two years based on our projections. Even with our 2022 earnings decline from ASPs,” said Anand.

He noted these glove makers would need more active capital management, which means more share buy-backs and higher dividends.

"Traditionally viewed as growth stocks, we think they will turn into yield stocks in the near term," he added.

Anand also mentioned Hartalega as the research firm's top pick among the other glove counters due to its much stronger ESG (environmental, social and governance) criteria.

https://www.theedgemarkets.com/article/maybank-kim-eng-says-keep-some-glove-stocks-your-portfolio

Maybank Kim Eng says to keep some glove stocks in your portfolio


KUALA LUMPUR (Jan 20): While glove stocks have been underperforming since November of last year as positive news flow on vaccines hit the market, Maybank Kim Eng has advised investors to hold on to some glove stocks.

"Our view is that you should definitely keep some glove stocks in your portfolio," said Maybank Kim Eng head of regional equity research Anand Pathmakanthan in a webinar session today titled "Market Outlook 2021: Steering through Volatility".

The reasons are because it will take quite a lot of time before herd immunity is reached, and even for vaccines which are available, they only reduce the symptoms, and not stop people from contracting Covid-19, he explained.

Thus, from this perspective, Anand does not expect the glove demand to fall off dramatically, noting that the demand for gloves will still remain strong.

He noted that any vaccine backflow or negative news flow in terms of their effectiveness will enable the glove stocks to act as a hedge.

"It will be a very natural switch back into gloves if people think lockdowns will go on much longer than expected," he added.

"Where we are cautious is the supply part, especially in 2022, not just in Malaysia that will have some pressure on average selling prices (ASPs)," said Anand.

But having said that, Anand qualified that 2021 is still going to be a fantastic year for glove stocks and that the ASPs are still moving up, coupled with the waiting time for glove order backlog still between 12 and 15 months.

For now, he said that the way the glove stocks will need to work in re-attracting investor interest is to make better use of the tons of cash that they have been building up on their balance sheets.

"The cash flow for glove makers is massive. [For] Top Glove [Corp Bhd] and Hartalega [Holdings Bhd], they will be sitting on RM6 billion to RM7 billion net cash in the next two years based on our projections. Even with our 2022 earnings decline from ASPs,” said Anand.

He noted these glove makers would need more active capital management, which means more share buy-backs and higher dividends.

"Traditionally viewed as growth stocks, we think they will turn into yield stocks in the near term," he added.

Anand also mentioned Hartalega as the research firm's top pick among the other glove counters due to its much stronger ESG (environmental, social and governance) criteria.

https://www.theedgemarkets.com/article/maybank-kim-eng-says-keep-some-glove-stocks-your-portfolio

No wonder they don't really short Supermax a lot. As they will announce their QR very soon

Oh okay, it makes sense to me now, Thanks for the prompt explanation!!

But if the short sellers are borrowing the said shares, they should also receive dividend from the said company isn't it? So, the short sellers don't actually have to fork out their own money

Hi again, can you elaborate more about the dividend ex-date part? The short sellers will have to pay for the dividend is it? Thanks!


@Ben Tan tylee81, unfortunately there is no way to say. However, it is almost 100% certain that they cannot hold until after the dividend ex-date for the next quarter of any of the companies. The announcements for Supermax and Hartalega are coming very soon, so the short closing will likely happen within this month.

Look at the sell queue, blatant daylight manipulation.

Openly manipulate stock prices for their own purpose. Bursa well done

He is not selling. Already written there

Up by 4.6%

Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

249.80+11.07 (+4.64%)
As of 10:55AM CST. Market open.

Up by 4.6%

Intco Medical Technology Co., Ltd. (300677.SZ)
Shenzhen - Shenzhen Delayed Price. Currency in CNY

249.80+11.07 (+4.64%)
As of 10:55AM CST. Market open.

Someone keep buying at 4.10 and at the same time someone keep stacking up the short sell on 4.10

@Ben Tan, how do you know?

Last time MCO from 18 March till 12 May, which is almost 2 months, Malaysia's new Covid19 cases dropped from 100-200+ range to below 100 range.

Now on 13 Jan, we have 3000-4000+ new cases per day, do you really think 2 weeks, or even 2 months is enough? Surely MCO will be much longer than that, maybe a few months, to make new cases drop below 100 again.

The only industry that is still getting huge amount of profit is still glove manufacturing. Recovery stocks will still suffer losses this year.

Last time MCO from 18 March till 12 May, which is almost 2 months, Malaysia's new Covid19 cases dropped from 100-200+ range to below 100 range.

Now on 13 Jan, we have 3000-4000+ new cases per day, do you really think 2 weeks, or even 2 months is enough? Surely MCO will be much longer than that, maybe a few months, to make new cases drop below 100 again.

The only industry that is still getting huge amount of profit is still glove manufacturing. Recovery stocks will still suffer losses this year.