I doubt US has any legal rights to confiscate the goods. US has rights to deny entry of the goods into the US soil on the basis of its claim. So goods rightly can be rerouted to other destinations.

Commercially, the holder of the Bill of Lading is the Importer who is the legal owner of the goods. The importer can take possession of the containers and ship to other customer of Topglov in other destination. Additional charges can be sorted out between Topglov and the Importer.

All migrant workers are forced laborers because they are forced to leave their own countries to earn a living in the foreign countries. Who wish to leave their homelands if they can earn enough to support their own needs in their own countries ?
And to fight for the limited vacancies, they are forced to pay hefty fees to the unscrupulous recruiting agents in their own countries to book a limited place to the foreign lands. In the process, they borrow heavily to pay for the fees. There come the debt bondage. So who are the direct beneficiaries ? Not the foreign employers, but the recruiting agents and the government bodies of the migrant countries.
Why then penalized the foreign employers ?

CWs and RSS are the 2 artificial factors causing the distortion of share prices. In a small market like Bursa, the retailers are no match to the powerful IBs. Odd are against the disorganized and financially weak retailers.
Can we petition to get Bursa stop these practices ?

CWs and RSS are the 2 artificial factors causing the distortion of share prices. In a small market like Bursa, the retailers are no match to the powerful IBs. Odd are against the disorganized and financially weak retailers.
Can we petition to get Bursa stop these practices ?

AT have the opportunity to show case a short video of the entire production line in operation from beginning to the end continuously but instead exhibited a few interrupted clips of certain parts pf the production process.

Still not a convincing video showing the plant is in full and smooth operation.

KYY made a wrong statement. Call warrant is cash settled on the date of expiry. It does not give the holders the rights to buy the underlying stocks at specific prices. He is confusing with company warrant.

@freetospeak, well said. Appropriate connotative meanings.

From the basic principle, if the IBs have done adequate hedging against the mother shares, then there is no need to intervene in the movement of the share prices, since the movement of the CWs should move in tandem with the rise and fall of the mother shares. Either way, the IBs are protected. It is only if the IBs have not hedged adequately then they need to intervene to mitigate their losses.

They would then try to buy back their CWs. But some investors may not sell so the deciding factor is the outstanding warrants in circulation. If the outstanding warrants in circulation are large like what is mentioned about Supermx C96 and Topglov C81 in the video then the author opined that the IBs will try to depress the mother shares to gain advantage of paying less for the maturing CWs, leading to lack-lustre performance of Topglov and Supermx till the end of 2020.

I am a little bit optimistic and believe that the IBs have already did what they should have done in September when Topglov and Supermx were hammered down to about 6.00-7.00 region. That was their golden opportunity for them to buy aggressively to hedge against their CWs. Stupid if they did nothing then and want to do it now when the mother shares have gone up.

Again, if the IBs have done adequate hedging, the manipulation is not necessary. Just ride with the mother shares determined by the market forces. They may even be making more with the surging mother shares.

From the basic principle, if the IBs have done adequate hedging against the mother shares, then there is no need to intervene in the movement of the share prices, since the movement of the CWs should move in tandem with the rise and fall of the mother shares. Either way, the IBs are protected. It is only if the IBs have not hedged adequately then they need to intervene to mitigate their losses.

They would then try to buy back their CWs. But some investors may not sell so the deciding factor is the outstanding warrants in circulation. If the outstanding warrants in circulation are large like what is mentioned about Supermx C96 and Topglov C81 in the video then the author opined that the IBs will try to depress the mother shares to gain advantage of paying less for the maturing CWs, leading to lack-lustre performance of Topglov and Supermx till the end of 2020.

I am a little bit optimistic and believe that the IBs have already did what they should have done in September when Topglov and Supermx were hammered down to about 6.00-7.00 region. That was their golden opportunity for them to buy aggressively to hedge against their CWs. Stupid if they did nothing then and want to do it now when the mother shares have gone up.

Again, if the IBs have done adequate hedging, the manipulation is not necessary. Just ride with the mother shares determined by the market forces. They may even be making more with the surging mother shares.

The heavy weight visitor to AT's glove production facility in Chemor on 13/11/2020 is the respected KYY who commands many followers.

Lets look at some extracts from ThemePlay's keynotes from "AT-From Zero to Hero!"on 13/11/2020.
(1) 18/11/2020 the material of glove will arrive.
(2) 24/11/2020 start testing and trial run of production.
(3) Production to start in early December.

Indeed, a very tight schedule. However, what the visitors saw yesterday 13/11/2020 was an empty factory. Only people talking but no sign of the most important piece of machinery, the Glove Making Machine. Not to mention the various other ancillary equipment. Glove production line is at least 100m-130m long and KYY should know how long conservatively it takes to install and how difficult to commission the machine for an inexperienced new comer. AT should at least exhibit its brains behind the operation of its glove factory. Therefore, whether it can meet its stated operating schedule as stated is questionable ?

Does KYY take whatever told to him as truth ? How does it reconciled with what he had commented on his previous blogs ?

(1) KYY had commented on his Blog titled "Mah Sing"s hot news-Koon Yew Yin" published on 17 Oct 2020 and I quote :
" Investors should not buy it because it will take more than 2 years to start producing gloves..............................................."

(2) KYY had commented on his Blog titled "Mah Sing : buyers be forewarned - Koon Yew Yin" published on 20 Oct 2020 and I quote :
"As a co-founder of Rubberex, I should know the difficulty and time required to construct a new factory to manufacture gloves. With more than 30 years of experience, Rubberex took more than 2 years to complete the construction of the new factory and a few months to test run."

It will be interesting to hear how KYY rebut his earlier comments.

Lets not be distracted and focus on the Big 4.

The heavy weight visitor to AT's glove production facility in Chemor on 13/11/2020 is the respected KYY who commands many followers.

Lets look at some extracts from ThemePlay's keynotes from "AT-From Zero to Hero!"on 13/11/2020.
(1) 18/11/2020 the material of glove will arrive.
(2) 24/11/2020 start testing and trial run of production.
(3) Production to start in early December.

Indeed, a very tight schedule. However, what the visitors saw yesterday 13/11/2020 was an empty factory. Only people talking but no sign of the most important piece of machinery, the Glove Making Machine. Not to mention the various other ancillary equipment. Glove production line is at least 100m-130m long and KYY should know how long conservatively it takes to install and how difficult to commission the machine for an inexperienced new comer. AT should at least exhibit its brains behind the operation of its glove factory. Therefore, whether it can meet its stated operating schedule as stated is questionable ?

Does KYY take whatever told to him as truth ? How does it reconciled with what he had commented on his previous blogs ?

(1) KYY had commented on his Blog titled "Mah Sing"s hot news-Koon Yew Yin" published on 17 Oct 2020 and I quote :
" Investors should not buy it because it will take more than 2 years to start producing gloves..............................................."

(2) KYY had commented on his Blog titled "Mah Sing : buyers be forewarned - Koon Yew Yin" published on 20 Oct 2020 and I quote :
"As a co-founder of Rubberex, I should know the difficulty and time required to construct a new factory to manufacture gloves. With more than 30 years of experience, Rubberex took more than 2 years to complete the construction of the new factory and a few months to test run."

It will be interesting to hear how KYY rebut his earlier comments.

Lets not be distracted and focus on the Big 4.

Topglov has publicly announced its dividend policy, 50% of PAT. Therefore, it will have to keep its words. Nothing to worry. Promise will be kept otherwise it will lose its creditibility.

Shares buybacks will be kept as treasury shares. Very likely will be used partly for HK Listing with remaining issuance of new shares. Issuance of new shares will dilute the EPS. Therefore, the bigger the treasury shares portion the better. Quite likely the IPO price for HK listing will be higher and the company stands to gain the premium. It is good for the company to buy back at lower prices.

Have faith in the management of Topglov. Stay invested.

@Jeffreyreck, it is unfair to allege that Topglov is unwilling to give higher dividend but used for share buy back.

Topglov has outlined a very clear dividend payout policy. That is 50% of PAT. It has also changed the payout frequency from half yearly to every quarterly with effect from year 2021. Just explore how many listed companies have the policy 50% of PAT for dividend.

Hence, Topglov is a good company committed to reward its shareholders.

Gloves and vaccines can coexist. I am only looking at the numbers. Only when there are signs showing the profits of Supermax has plateaued out, then I will consider only exiting.

Meanwhile, I am holding tight.

The world is big enough to accommodate Gloves and Vaccines. And we should welcome vaccines with open heart and hands the early arrival of vaccines. Simply, we do not want a life with all the money but live in constant fear of Covid-19. It will be meaningless.

Arrival of an effective vaccine does not spell the end of Gloves stocks. It is only the first step. After proving that it works come the huge task of making it in huge quantity and high quality. To be followed by sophisticated logistics (Ultra cold storage) to deliver to the end users and administered into the human body. Each step by itself is a very challenging task.

It is still a lengthy process considering several tens of billions of doses may be required to vaccinate the entire human population. Meanwhile, new Covid-19 cases will continue to surge.

If you are in for a long term investment like me, then we must be prepared for such eventuality. Just believe in your decision and ride through it.

The world is big enough to accommodate Gloves and Vaccines. And we should welcome vaccines with open heart and hands the early arrival of vaccines. Simply, we do not want a life with all the money but live in constant fear of Covid-19. It will be meaningless.

Arrival of an effective vaccine does not spell the end of Gloves stocks. It is only the first step. After proving that it works come the huge task of making it in huge quantity and high quality. To be followed by sophisticated logistics (Ultra cold storage) to deliver to the end users and administered into the human body. Each step by itself is a very challenging task.

It is still a lengthy process considering several tens of billions of doses may be required to vaccinate the entire human population. Meanwhile, new Covid-19 cases will continue to surge.

If you are in for a long term investment like me, then we must be prepared for such eventuality. Just believe in your decision and ride through it.

Invest in Supermx with force and conviction of its Great Potentials.

Buy Supermx !

Freetospeak, excellent article indeed. you and your team have provided the most informative and in-depth research news on Supermx currently in Malaysia.

And benefit from them, I am fully convinced and heavily invested in Supermx. Thanks.

Supermx is forward thinking ahead. Undoubtedly doing the right thing by putting up factories in US and UK. Thereby gaining enhanced confidence from committed investors like us.

Quite likely its new initiative will set the trend for other big Glove makers to emulate.

Supermx is set to fly !

This pandemic is raging with no signs of plateauing yet. WHO declared Covid-19 a pandemic on 11 March 2020. We are only 7 months into the pandemic. We will be bombarded with at least another 4 quarters of atomic profits by these gloves producers. Their fundamentals remain strong and intact. Just accept volatility is part of the game. Stay calm to reap maximum benefits together.

This pandemic is raging with no signs of plateauing yet. WHO declared Covid-19 a pandemic on 11 March 2020. We are only 7 months into the pandemic. We will be bombarded with at least another 4 quarters of atomic profits by these gloves producers. Their fundamentals remain strong and intact. Just accept volatility is part of the game. Stay calm to reap maximum benefits together.

The numbers of outstanding Supermx old CWs in circulation and not held by the IBs are relatively small in October and therefore it is not necessary for the IBs to depress the mother shares to gain advantage from lower cash payouts on settlement dates. IBs only need to liquidate a small number of shares to obtain funds for the payouts.
Overall we need not be fearful of any selling pressure from the IBs in October.
Lets look forward to the early release of 2021 Q1 explosive profit of Supermx to rocket it into the sky.

Call Warrants have been in the market for a very long time. They have been very actively traded in all the the major stock exchanges of the world. Just look at the huge number of Call/Put Warrants issued at HK stock exchange, the number of CWs traded at our KLSE is puny in comparison.

All the information regarding the CWS is clearly contained in the structure of warrant issued such as Tenure, Exercise Price and Exercise Ratio.

We rely on the information of the structure of warrant to weigh the risk and invest. IBs hide nothing from us.

Whatever the IBs did, they commit no wrong in law as they have their interests to protect. SC can never take any action.

Very simple, CWs is a very high risk/ high returns product. We trade at our own risk.

For brothers inPeace and Morpheus61, I wish to just inform both of you that I am in no way related to any IB. I did trade quite big in Topglov and Supermx CWs in May/June and July and gain handsomely but I sold off all in August and picked up their mother shares. The reason I did that was because I sensed that the volume of transactions of the CWs which I bought were getting lower and I want to sell off before they become stale as their maturity dates draw near. By that time it will be very difficult for me to dispose of.

For those still buying CWs, do avoid all the new CWs issued with very high premiums. Time may not in your favour to see the premiums narrow and finally in the money with limited lifespan.

Morpheus61, without doubt the sell down was engineered by the IBs.

IBs normally configured the structure of their CWs such that the probability of them to be in the money on expiry is remote. They were caught by surprise in regards to old CWs for Gloves stocks which become deep in the money thanks to Covid-19 pandemic.

They apparently did not follow the SOP to hedge against the mother shares at the beginning. As they have not hedged sufficiently, their coordinated actions recently is only to mitigate their losses.

Morpheus61, without doubt the sell down was engineered by the IBs.

IBs normally configured the structure of their CWs such that the probability of them to be in the money on expiry is remote. They were caught by surprise in regards to old CWs for Gloves stocks which become deep in the money thanks to Covid-19 pandemic.

They apparently did not follow the SOP to hedge against the mother shares at the beginning. As they have not hedged sufficiently, their coordinated actions recently is only to mitigate their losses.

Logically, if the IBs had bought into the mother shares during the recent heavy sell down of the shares of Topglov and Supermx to the range of RM6.00-RM7.00, then they have effectively hedged their old CWs against the mother shares. It is then not necessary for them to do anything further as the maturity dates of the old CWs draw near.

Having done the hedging, the IBs stand to benefit from the rising mother shares and can utilize the gain to offset their losses sustained in the old CWs. In fact, they stand to gain more from the rise in mother shares because payout to CWs will be reduced by the exercise ratio.

It is pure stupidity if the IBs did not buy and do the hedging during the recent heavy sell down when they stand to gain the most but instead opt for extracting limited gain from depressing the mother shares which have appreciated to the RM9.00 range currently.

Therefore, I am of the opinion that the IBs will not intervene in the movement of the mother shares after they have done their hedging.

Logically, if the IBs had bought into the mother shares during the recent heavy sell down of the shares of Topglov and Supermx to the range of RM6.00-RM7.00, then they have effectively hedged their old CWs against the mother shares. It is then not necessary for them to do anything further as the maturity dates of the old CWs draw near.

Having done the hedging, the IBs stand to benefit from the rising mother shares and can utilize the gain to offset their losses sustained in the old CWs. In fact, they stand to gain more from the rise in mother shares because payout to CWs will be reduced by the exercise ratio.

It is pure stupidity if the IBs did not buy and do the hedging during the recent heavy sell down when they stand to gain the most but instead opt for extracting limited gain from depressing the mother shares which have appreciated to the RM9.00 range currently.

Therefore, I am of the opinion that the IBs will not intervene in the movement of the mother shares after they have done their hedging.

The minus points of Stanley Thai's court case have been long priced in. So nothing to be worry about. However, any favorable outcome will be a plus point.
Supermx is professionally managed and the management structure will ensure continuity, sustainability, and efficient running of the company without relying on any single person which is the basic qualitative requirement of any listed company.
Supermx is a laggard at the present moment with its much much higher EPS compared to Topglov and I believe it has a very good upside potential.
I am all in at 60% Supermx and 40% Topglov. Topglov has recovered quite well. I am confident Supermx turn is fast approaching.

I believe the IBS have taken their positions of the Gloves stocks during the recent sell down. That was their last and best opportunity for them to buy the depressed mother shares cheap and concluded their hedging for their outstanding CWs.

Having done so, there will be little need for them to depress the mother shares forward. They will stand to gain more from the increase in the mother shares itself compared to the increase in cash payout to the holder of CWs the amount of which will be reduced by the Exercise Ratio.

Take a look at the basic formula of Cash settled for CW,
Cash=(P-Exercise Price)/Exercise Ratio
where P= Closing price of mother share at maturity (last 5 days
average)
Assume the Exercise Ratio = 8
For every RM1.00 increase in P (Closing price of mother share), the increase of Cash settled for CW = RM 1.00/8 (Exercise Price is a constant)
= RM 0.125 only
The payout will be getting even less and less for higher Exercise Ratio.

The IBs will stand to gain more from the increase in mother shares if they have hedged adequately.

This is only my personal opinion.

I believe the IBS have taken their positions of the Gloves stocks during the recent sell down. That was their last and best opportunity for them to buy the depressed mother shares cheap and concluded their hedging for their outstanding CWs.

Having done so, there will be little need for them to depress the mother shares forward. They will stand to gain more from the increase in the mother shares itself compared to the increase in cash payout to the holder of CWs the amount of which will be reduced by the Exercise Ratio.

Take a look at the basic formula of Cash settled for CW,
Cash=(P-Exercise Price)/Exercise Ratio
where P= Closing price of mother share at maturity (last 5 days
average)
Assume the Exercise Ratio = 8
For every RM1.00 increase in P (Closing price of mother share), the increase of Cash settled for CW = RM 1.00/8 (Exercise Price is a constant)
= RM 0.125 only
The payout will be getting even less and less for higher Exercise Ratio.

The IBs will stand to gain more from the increase in mother shares if they have hedged adequately.

This is only my personal opinion.

I believe the sell downs of Topglov and Supermx masterminded by the IBs is most likely towards the end. They should have bought back the battered stocks at the opportune time as a hedge against subsequent rise of their Call Warrants outstanding.
It is also to their interests to see that both stocks climb higher for them to use the higher margins to mitigate the losses with the old Call Warrants.

I believe the sell downs of Topglov and Supermx masterminded by the IBs is most likely towards the end. They should have bought back the battered stocks at the opportune time as a hedge against subsequent rise of their Call Warrants outstanding.
It is also to their interests to see that both stocks climb higher for them to use the higher margins to mitigate the losses with the old Call Warrants.

The IBs are the bankers in the game. Issued quantity of Call Warrants is a public knowledge. But the actual quantity remaining in circulation only the IBs/bankers know at all times as the issuers. Logically the IBS would have started to buy back their old Call Warrants as the mother shares surged. So the risk to the IBs would be the quantity of remaining outstanding warrants in circulation.
IBs's mitigation of their losses are directed at the quantity of outstanding warrants still in the open market and not on the issued quantity.

The IBs are the bankers in the game. Issued quantity of Call Warrants is a public knowledge. But the actual quantity remaining in circulation only the IBs/bankers know at all times as the issuers. Logically the IBS would have started to buy back their old Call Warrants as the mother shares surged. So the risk to the IBs would be the quantity of remaining outstanding warrants in circulation.
IBs's mitigation of their losses are directed at the quantity of outstanding warrants still in the open market and not on the issued quantity.

Personally, I have a strong feeling that the actions of IBs in actively influencing and manipulating the share prices of Topglov and Supermx is not a necessary a bad thing. This is an ideal time for them to enter the market just after the bonus ex dates of Topglov and Supermx with the liquidity of the 2 stocks greatly enhanced. If they have not hedged sufficiently their exposure to the old Call Warrants issued against the mother shares or buy back the surging old Call Warrants along the way, they have to do it now to mitigate their losses against the outstanding old Call Warrants in circulation. Buying the old Call Warrants is not very effective now because most with limited life span have become stale with very low liquidity.The best option is to depressed the mother shares and buy into them.Then ride with the appreciation of the mother shares and used the profits to offset the losses sustained in old Call Warrants still remain in circulation.
Hence, when the calm returns, Topglov and Supermx will fly.
Supermx has been hit especially hard and become more attractive than Topglov. With much higher EPS, I add Supermx.

Personally, I have a strong feeling that the actions of IBs in actively influencing and manipulating the share prices of Topglov and Supermx is not a necessary a bad thing. This is an ideal time for them to enter the market just after the bonus ex dates of Topglov and Supermx with the liquidity of the 2 stocks greatly enhanced. If they have not hedged sufficiently their exposure to the old Call Warrants issued against the mother shares or buy back the surging old Call Warrants along the way, they have to do it now to mitigate their losses against the outstanding old Call Warrants in circulation. Buying the old Call Warrants is not very effective now because most with limited life span have become stale with very low liquidity.The best option is to depressed the mother shares and buy into them.Then ride with the appreciation of the mother shares and used the profits to offset the losses sustained in old Call Warrants still remain in circulation.
Hence, when the calm returns, Topglov and Supermx will fly.
Supermx has been hit especially hard and become more attractive than Topglov. With much higher EPS, I add Supermx.

For long term investor of gloves stocks, the pertinent question moving forward is the sustainability of their run up stock prices.

I bought into the Topglov and Supermx in May, fully convinced by their crystal clear earnings visibility. I actually dumped all my advancing Technology stocks and All IN on Topglov and Supermx. I dumb dumb hold tight riding through the recent volatility and still stubbornly believe in their rosy prospects.

Harta's recent address on the issue of sustainability is timely and most re-assuring, coming directly from the horse mouth. In summary, Harta said which I quote:
(1)It is very unlikely for ASPs to revert back to levels seen before
pandemic
(2)There will be a structural step up in demand for gloves post pandemic
due to new usage and heightened hand hygiene compliance requirement.
(3)The step up in demand is expected to outstrip supply in the next 2-3
year.

Lats hope Topglov and Supermx are already putting in motion their plans to make full use of their windfalls of cash for expansion (already in progress), diversification and acquisition to ensure sustainability of their profits and stock prices.

For long term investor of gloves stocks, the pertinent question moving forward is the sustainability of their run up stock prices.

I bought into the Topglov and Supermx in May, fully convinced by their crystal clear earnings visibility. I actually dumped all my advancing Technology stocks and All IN on Topglov and Supermx. I dumb dumb hold tight riding through the recent volatility and still stubbornly believe in their rosy prospects.

Harta's recent address on the issue of sustainability is timely and most re-assuring, coming directly from the horse mouth. In summary, Harta said which I quote:
(1)It is very unlikely for ASPs to revert back to levels seen before
pandemic
(2)There will be a structural step up in demand for gloves post pandemic
due to new usage and heightened hand hygiene compliance requirement.
(3)The step up in demand is expected to outstrip supply in the next 2-3
year.

Lats hope Topglov and Supermx are already putting in motion their plans to make full use of their windfalls of cash for expansion (already in progress), diversification and acquisition to ensure sustainability of their profits and stock prices.

With the available information in hand, dalpinia gave a good simulation of Topglov Q4 PAT of 1.6B.

(1) 2020 Revenue=7.359B
This figure came from TV interview screen as estimate. There is a good chance that it will be close to the actual figure because all the revenue figures for all the preceding years 2019,2018,2017 are the actual historical figures. They are not fabricated figures.
If 7.259B is the right figure hinted, then
Q4 Revenue= 7.359- (Q1+Q2+Q3)Revenue
= 7.359- (1.209+1.229+1.688)(historical data)
= 3.233B (Estimated)

(2) Cost of goods sold.
Q3 cost of goods sold= 1.688-0.422 (historical data)
= 1.266B
It is fair to estimate by Q3, capacity has peaked. In the absence of any raw material cost increase, Cost of goods sold for Q4 will be essentially about the same as Q3. Assume marginally 2% increase,
Q4 cost of goods sold= 1.266X1.02
= 1.290B

(3) Q4 PAT

Q4 PBT= 3.233B-1.290B
= 1.94B
Based on historiacl data, the effective tax bracket for Topglov are
Q1 10%
Q2 10%
Q3 17%
Assume Q4 also 17%
Q4 PAT= 1.94X0.83
=1.61B

daipinia's simulation is premised on the figure of 2020 Revenue of 7.359B obtained from Tan Sri's interview. If you study carefully at the demeanours of Tan Sri when he speaks, he is basically a very humble and trustworthy man. It is quite unlikely he is a boastful type. Therefore, I would like to think that the estimated figure of 7.589B has some truth in it. Furthermore, his air of self confidence that Topglov is surging forward to dethrone Maybank by October can only be supported by the huge earning of Topglov.

The IBs are quietly buying up the depressed Gloves stocks.

IBs are the makers of the Call Warrants. Many old Call Warrants are in the money and IBs will suffer huge losses at he end of the settlement dates. IBs will go all out to mitigate their losses by masterminding the sell down and then buying into the depressed mother shares and that is probably what they are doing now. Though on the surface they are net sellers but they are probably re-balancing their portfolio by increasing their exposure to the depressed Glove stocks. By that action,the future gains from the appreciation of the mother shares can be used to offset the losses in old Call Warrants.

As another mitigation against their potential losses, IBs will continue to issue new Call Warrants one after the other. All the new Call Warrants are big trap as they are issued with very high Exercise Price and Exercise Ratio and offer to the buyers at very high premiums. Hence one should not fall into their trap and should avoid new Call Warrants completely. Take note that IBs do not need any capital to issue Call Warrants, they will make all the money at the end of the settlement date if the warrant is not in the money.

In conclusion, the collective actions of the IBs has to end somehow. Therefore, I am adamantly stubborn in holding tight my investments.

The IBs are quietly buying up the depressed Gloves stocks.

IBs are the makers of the Call Warrants. Many old Call Warrants are in the money and IBs will suffer huge losses at he end of the settlement dates. IBs will go all out to mitigate their losses by masterminding the sell down and then buying into the depressed mother shares and that is probably what they are doing now. Though on the surface they are net sellers but they are probably re-balancing their portfolio by increasing their exposure to the depressed Glove stocks. By that action,the future gains from the appreciation of the mother shares can be used to offset the losses in old Call Warrants.

As another mitigation against their potential losses, IBs will continue to issue new Call Warrants one after the other. All the new Call Warrants are big trap as they are issued with very high Exercise Price and Exercise Ratio and offer to the buyers at very high premiums. Hence one should not fall into their trap and should avoid new Call Warrants completely. Take note that IBs do not need any capital to issue Call Warrants, they will make all the money at the end of the settlement date if the warrant is not in the money.

In conclusion, the collective actions of the IBs has to end somehow. Therefore, I am adamantly stubborn in holding tight my investments.

Sifu Pblue Excellent article.

Volatility at Wall Street will not rock the Manufacturing Capacities of the Gloves companies. They will still be churning out gloves at full speed uninterrupted, thanks to the acute shortage situation. I will be worried only if their Manufacturing Capacities are destroyed by some calamities.

Therefore, the earning visibility of the Big 4 is intact which will support their share prices.

I also believe that all of them are now only selling forward their capacities with the actual contract prices to be fixed 1-2 months before shipment to enjoy maximum benefit from the increased ASPs announced from time to time. The normal contract of firm price and firm delivery date is not adopted. Only firm delivery date is guaranteed.

I did not sell a single share at the last selldown but did add a little on Top Glove.

Volatility at Wall Street will not rock the Manufacturing Capacities of the Gloves companies. They will still be churning out gloves at full speed uninterrupted, thanks to the acute shortage situation. I will be worried only if their Manufacturing Capacities are destroyed by some calamities.

Therefore, the earning visibility of the Big 4 is intact which will support their share prices.

I also believe that all of them are now only selling forward their capacities with the actual contract prices to be fixed 1-2 months before shipment to enjoy maximum benefit from the increased ASPs announced from time to time. The normal contract of firm price and firm delivery date is not adopted. Only firm delivery date is guaranteed.

I did not sell a single share at the last selldown but did add a little on Top Glove.

Volatility at Wall Street will not rock the Manufacturing Capacities of the Gloves companies. They will still be churning out gloves at full speed uninterrupted, thanks to the acute shortage situation. I will be worried only if their Manufacturing Capacities are destroyed by some calamities.

Therefore, the earning visibility of the Big 4 is intact which will support their share prices.

I also believe that all of them are now only selling forward their capacities with the actual contract prices to be fixed 1-2 months before shipment to enjoy maximum benefit from the increased ASPs announced from time to time. The normal contract of firm price and firm delivery date is not adopted. Only firm delivery date is guaranteed.

I did not sell a single share at the last selldown but did add a little on Top Glove.

Volatility at Wall Street will not rock the Manufacturing Capacities of the Gloves companies. They will still be churning out gloves at full speed uninterrupted, thanks to the acute shortage situation. I will be worried only if their Manufacturing Capacities are destroyed by some calamities.

Therefore, the earning visibility of the Big 4 is intact which will support their share prices.

I also believe that all of them are now only selling forward their capacities with the actual contract prices to be fixed 1-2 months before shipment to enjoy maximum benefit from the increased ASPs announced from time to time. The normal contract of firm price and firm delivery date is not adopted. Only firm delivery date is guaranteed.

I did not sell a single share at the last selldown but did add a little on Top Glove.

yttihs, please add me. Tks.

GDP report may affect the general market sentiment but will not affect the Gloves companies. Their orders are full to the brim.

GDP report may affect the general market sentiment but will not affect the Gloves companies. Their orders are full to the brim.

Stay cool. Just let the volatility have its way. At the end of it the ascend will return. The numbers don't lie. This quarter is fantastic and the next quarter is confirmed to be much better.

I am holding tight and not selling a single share.