https://www.theedgemarkets.com/article/aminvestment-cgscimb-uob-kay-hian-tighten-margin-financing-standards-glove-shares

Guys those selling until limit down are the banks. Not ikan bilis. They have margin financing and they need to sell because they don't wanna pay up. It will go lower tomorrow. Then only rebound.

Stay away. Wait till Friday. Guys for your own sake. Preserve capital and buy on uptrend. It has to hit margin financing TPs and below first.

Warn you guys this morning. You guys add ticket and buy some more. Margin financing TP are no jokes. Many will sell down 37% of their holdings

It has to go to rm2. 35

Looks bad. Panic selling. Queue at 3.20

Will drop further. Wait for the margin financing share holders to sell 37% of their holdings first.

Give it 2 days to clear the margin financing holders first. They have to clear at least 37% of their share holdings. To buy now is quite risky. To buy on uptrend better.

I think becareful for tomorrow first because might be catch falling knives. Margin financing is over and rhb set price at 2.31 for margin financing again. So no more steroids. Best to buy on reversal.

Rhb revise margin financing for comfort at rm2.35....so no more steroids unless it reaches that price. Tomorrow will go down further.... Sad

It will go down to below rm1. 50 TA analysis wise. Due to non stop rally on steroids from Margin financing. So all these people will sell because they don't want to pay up. Maybe after 2 days it will go up again. Best to buy when it reverse instead of catching falling knives.

I would prefer to buy when it reverses. Don't want to be catching falling knives.

It is still a sell signal. Might go up after 2 days or next week. Judging from the recent non stop rally. The shares are on steroids from Margin financing. Tomorrow will be T2 for many people. Force selling will occur. No doubt banks will accumulate when it drops. But its still a sell.

Will likely rebounce in the afternoon

Oversold territory

Collection happening at rm1.70. Tp 2 by end of this day. Don't miss the boat.

Yes faster reload. Cheap ticket is now.

I am holding ruberex, comfort, careplus and hlt. Lets go boys!

Yes! I am holding ruberex, comfort, careplus and hlt. Let's go!

QR results out after 5 pm today. Every year its the same.

https://www.thestar.com.my/business/business-news/2020/05/30/new-found-wealth-in-glove-sector

https://www.thestar.com.my/business/business-news/2020/05/30/new-found-wealth-in-glove-sector

Covid cases worldwide has been increasing and America has the highest cases in the world followed by Brazil. There won't be enough gloves to supply to the overwhelming demand. Only way forward tlua to increase the average selling price of gloves. That itself will have a multiplier effect on the profits. Good example is supermax. Now all glove companies are increasing their prices.

10% share buyback is 25 million shares that company will buyback. Just like supermax buying back shares also because the thave confident with their QR and future QR results for this year.

Directors selling a bit everyday is okay because daily volume is rm250 million and more. Besides wait for June QR. Even IB revise topglove to rm20. Comfort Rm5 is certainly reachable. Unlike JAKS it collapsed because the deal was not secured for the Vietnamese water dam. As for this covid is real and rubber gloves are in demand until the thave a vaccine. So far all the vaccines news have been a lie to push up share prices, for example modern. Let's focus on what is real first. Covid is real and the demand for rubber gloves. The rest are just unnecessary noise only.

QR out on Monday

Not to mention by June they will add additional lines to increase glove production

Yes Ruberex QR will be out and it will be good. That explains their strategy to buyback 10% of their shares.

The price increased shows that the directors are supporting the price buyback already. With the Qr released it will only go higher.

Yesterday jolow and conscript kept asking me to wake up...... Lol

Good news. Supermax directors has been buying back shares. That is why the price also goes up higher and higher. It goes to show they have confidence in their own company. It is the opposite of directors selling. So it is always good news when they have shares buyback.