I can only said Top Glove is bloody piss off with all those IBs esp. MACQ C80. C84 is completely out of the picture, their IB is weak. 22nd to 26th February is a bigger war, Topglove has no worry to fight them after all they are the owner and own the majority of the shares.. How much shares does all IBs combined holds? So what we retailers can do now is to hold our share don't sell it at less price. Either the IB bought from us at higher price or they have to resort to short selling. They can borrow their short sell and pay the interest forever.

Topglove is so nice. Unlike Kossan, Kossan directors didn't do anything at all. Their shares free fall. Regret buying their shares at high price.

Means 2 IBs are selling 1billion worth of shares today. Topglove and retailers are collecting 1billion shares. Retailers are only 5% maybe.

Dalphinia are u saying the shark goreng the stock up? Or shorting the stock?

So the IB is borrowing the shares to short at 6.74. Topglove queuing at 6.74 at 1.5M shares. If somebody want to kill IB like the one in Gamestop, can I say next week, shares will be inflated so IB has no share to buyback except to pay higher inflated price?

1.5M queue wow

3 minutes to 5pm, still battling...

The next warrant would be on 26th Feb at about 6.37

Its an interesting battle between 2 IBs and Topglove+Tan sri. One warrant is definitely in the money. The Macquerie warrants is actually quite close to the closing price.

Kossan C5 warrant will expired worthless one way or another. Looking at the volume, it seems the last pessimistic person had sold all their warrant out of fear which is what the IB wants hence the capitulation. Supposing if today all the holder of warrants C5 had sold out, tomorrow glove might rally uptrend. But........

The highly stable Topglov C71 does not augur well for the IB. Nobody seems to throw their warrant back to IB. Didnt see any volume today and the past few days. C71 will expired on 15Jan. We will see who is the winner for the next 10days. The IB or their counter party.

After 15Jan, glove will be super bullish.

come back Feb or March to buy at higher price, now is market maker collection time.

CIMB has a SW strike 3.566 expire 31dec 2020. Any wonder why news gave TP 3.5?

The MM are CIMB, MIBB, KIBB, MACQ, AM and RHB.

MM selling warrant cant make money in Topglove, but in Kossan yes.
18dec SW is 2.293, so dont think TG will go to 2.293 in 4 days. So 18Dec SW is in the money and MM will lose money,

But MM might have bought all the warrant back since they are smart and know TG bos supports the price drop. So their loss is minimum if they buy back the warrant at low price.

They might have to buy back the SW in 24Dec, 31Dec and 15Jan.

As for 29Jan SW the price is 6.00. So the price will be suppressed at this level. Until mid March quarter report announcement, TG might fly to near 8.30. It all depends on the war between the giants. We only choose our side.

Remember end of Feb and May is the Quarter report announcement.

falling knife and if break 4.80
next support 3.70, then 2.80, then 2.30

then rebounce back to 8.00 on february
then roller coaster between 5 and 11 for entire 2021.

IB makes money buying low first in mid 2020.
Now selling high + selling warrant to make double the profit.
Smart bastards.

SBB should be good right, at least it can lowered PE and make the company attractive.

Wow super sales, shopping time.

Sentiment and fear are temporary. And when people are panic selling, it is a good thing so that somebody else can pick them up at lower price.

Fundamental wise,

Based on latest quarter profit,
If Share price is 8.83, PE 22.8 (ttm), likewise,
Share price 7.20, PE 18.6
Share price 6.50, PE 16.8
Share price 6.00, PE 15.5
Share price 5.00, PE 12.9
Share price 4.00, PE 10.3

If based on next quarter profit, forward PE (estimate 20% increment)
Share price 8.83, PE 16.5
Share price 7.20, PE 13.5 (i will collect with 10% of my allocated funds for gloves)
Share price 6.50, PE 12.2 (if they ever come to this price will top up another 15%)
Share price 6.00, PE 11.3 (top up 25%)
Share price 5.00, PE 9.4 (top up 40%)
Share price 4.00, PE 7.5

Glove is still bullish, and they will buyback mother share after CW expired and they collected premium. Warrant is a a trap, they can simply manipulate and gap down like this week and let expire worthless.

1. C 72/ AMBANK / 20 NOV
2. C 70 /MAYBANK /30 NOV
3. C 75 / CIMB / 30 NOV

Before the price dump, it's still in the money. Now is out of the money.

Kossan also same.

Hard not believe when the price sits nicely on the exercise price.

They timed it so accurately, first day after election and vaccine news.

IB, who do u sell the warrant to? Now so desperate to press mother share?

Buy back share good, Eps increase, PE decrease, soon share become undervalue. Common sense tells you buy share when it is undervalue.

/11/2020 11:30 AM

goldenluck16 REMEMBER THESE MATURITY DATES.

1. C 72/ AMBANK / 20 NOV
2. C 70 /MAYBANK /30 NOV
3. C 75 / CIMB / 30 NOV

ONLY EPF AND COMPANY SHARE BUY BACK CAN COUNTER THEIR MODUS OPERANDI.


Oh I see. So the real reason for dumping stock by IB is above.

Under Biden's term, a lockdown in US will happen, a complete opposite of Trump who never really cares about covid. Due to lockdown, economy will suffered temporary for a while under Biden. Soon funds from banks and cyclical will flow back to glove and PPE. Glove demand will reduce again of course but maybe only in the next 3 or 4 quarters or when vaccine is available. Also it is believed that glove companies will eventually venture into other business sector to at least maintain their current revenue level. Do think Tan Sri will let the revenue slides once vaccine has been found? Glove companies have massive funds. They can venture into any sector they wish. If this happens to Top Glove, all glove companies will follow suit.

Harta and Topglove is in FTSE100. Kossan plan to be in the FTSE100 too. Kossan had increase revenue+profit every quarter. Its PE is below 20 now. Price RM6.56 (as per now) / EPS of 0.4736, the PE is only 13.85. The next 4 quarter the revenue will be about the same or more based on current global demand of gloves. Forget about short term, this stock is for medium term. This company at this price you dont buy, then what do you buy?

those massive selling at 0.075 and 0.080 please give way for the stock to fly. Shark want goreng, you keep blocking.

All bad news are being released for megalodon to collect shares. When good news releases, means megalodon is taking profit.

Not only EPF, our minister might be collecting shares too. Why do you think they tabled the gloves donation of 400million ?

The money are made when you bought more than when u sell.

EPF acquired 12million share on 4th Nov @RM8.10 = RM97 million.

EPF has 492million of topglove shares which is about 3.985 billion as per price of @RM8.10
Today after the price drop to RM7.65, EPF shares stands at 3.763 billion, which is a 200million drop from yesterday. EPF also no worry, why would you be worried?

Topglove support
S1:7.90
S2:7.50
S3:7.20
S4:6.10

Support for Kossan
S1:7.00
S2:6.60
S3:5.80
S4:4.50
Let see how low they want to go

Pfizer dont bullshit la.... why 90% effective not 100% effective? In other words, you mean 10% of the people will die if they take the vaccine?

its not retailers who dump the stocks, if you look at all gloves counter they all gap down by 10-15%. GAP DOWN STYLE. Only money makers can gap down.

Carepls yday closing was 3.46 and today open price at 3.00. Ask yourself this, if you are small normal retailers, will u dump your stocks at 3.00 ? Even with all bad news do you have the gut to do that? You most probably will sell at 3.45 or 3.40 or 3.35. You wont throw at 3.00.

All small retailers are at the mercy of the money maker manipulators.

NPRA1985 where is that bigportfolio guy yea? why suddenly missing? or change name?

i saw the food plastic packaging is of sealed type, should be very sellable especially during covid where a lot of people ordering take out. Packaging without seal somehow pose some hygiene problem especially being delivered by Food Panda, Grab or any delivery company, so SCGM is giving a very good solution.

Let them accumulate all the shares they want, nobody gonna play this stock anyway. First criteria to choose a stock, make sure they quarterly profit first. If no profit, pass.

This stock no retailer want to play lar. See this 2 days market sentiment good also nobody want to buy and share no up then u already understand. Only operator shark and owner play between themself. Malaysia has 1000 over stocks, no need to see this stock at all. Maybe most the ppl comment here are the shark.

madcow75 mind to explain how does the warrant affect the price being pumped up? am learning.

Volume so big.... someone is collecting.

yes you correct totally waste of time and capital.... The capital if sell at lost this morning and simply tembak any other share today also make money already.

Biggest joke gpacket, my watch list got 20 stocks, all green except this gpacket. Regret having my position here even though is small. Should have sell at a lost yesterday, close eye cincai select one from my watch list also make money already.

yea when everybody panic sell cheap and you dont want to buy, then when exactly do you buy? top floor buy?

so many discount.... now the problem is dont know which stock to choose now....

buy when people are fear.

why this few days go 0.50 then back to 0.47 ? anyone knows?

gp packet is telling the investor that has taken up the PP, "what price you want? you want 50cents, you have it now. you want 60cents, no problem also. i can control whichever way you want"

Yup Tressele collected at 0.705. Also Re-enter eforce at 0.455 too. That day sold at 0.50. Try N2N at 0.695 but not managed to get. All very profitable company. So not so much worry.

Got it Tressele, check and looks like mtag should be posting good result next quarter. Profitable company. Can buy, keep and wait. Monday may panic buy on most stock. No Darurat.