https://www.chinapress.com.my/?p=2707026

Short Squeeze effect will be nice

Short seller faster buy back lo, the support level is getting stronger and stronger.

Short seller create fear asking ikan bilis to sell off, but they are the one who collecting behind xD

short seller keep create fear as they are so worried if ikan bilis lose money.

Strong support Level at 4.50-4.70, second highest profit gain history in Bursa (Within 12 month) with 8.5Billion surpassing Maybank 8.4 Billion, 4 Billion Cash on hand, US Ban sorting out, HK IPO listing, RM0.18 dividend on 23th June, EPF started to collect, 278 Million shorted amount and realized so many shorty getting nervous now (Keep asking ikan bilis not to touch glove, saying it is a trap, Keep it away, recovery stock is better and etc).

Top Glove pre-pandemic average value at RM1.60 compared to last Friday RM4.72 an 200% increment. Despite all the dropping ASP, new competitor coming into rubber business, demand reduce and etc. But they are having 4 Billion Cash on hand now!

What does 4 Billion cash on hand mean? it is equivalent to Scientx profit gain for 8 years (500Mil/Year), QL profit gain for next 12 Year (350Mil/Year), MFCB profit gain for next 12 Year (350Mil/Year), INARI profit gain for 13 Years (300Mil/Year).

For me Topglove is undervalue. Don't limit it as a rubber business, with the 4 Billion cash on hand they can easily invest the fund on other potential business line to boost their profit gain in future.

Next week must be interesting week to watch...