Tripl top. Sad

Margma lower growth forecast wor. So tomorrow red i guess?

I have a lot of holding power. I no worry. Director also joining the train.

today trading volume super thin.

Yes, its about creating value for the company, not complaining about the environment.

I ask for 3k and my starting pay ended up being 4.5k :O

Guess its dead for now.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5296861

Glove not part of export theme?

He is the Managing Director in case you are wondering.

Director bought the malaysian listed shares today. Thats a pretty good sign.
Lee Kim Meow - Acquired 40,000 shares - 22 December 2016

so sad. EPF dispose no one will buy. T_T

triple top? :(

What the hell is this. Usdmyr weak the say weak lah. Normal volatility of 0.001 also say strengthen. Useless news lol

Topglove so many day up liao. Kossan only just start ma

2 more days to go before christmas. Will i get my early xmas present?

Thank you Kim, hope you are making paper gains too! :P

already in c6 since 3.5sen. now just waiting for durian to runtuh.

Latest data on fixed income fund flows shows significant (RM4.6bn) foreign selling of Malaysian bonds (MGS) in November, but only less than 20% of that got repatriated. There is risk that pressure on MYR/USD could sustain as investors continue to repatriate their bond sales. We also see some signs of foreign investors switching into Indon bonds from Malaysian bonds.

Latest data on fixed income fund flows shows significant (RM4.6bn) foreign selling of Malaysian bonds (MGS) in November, but only less than 20% of that got repatriated. There is risk that pressure on MYR/USD could sustain as investors continue to repatriate their bond sales. We also see some signs of foreign investors switching into Indon bonds from Malaysian bonds.

Latest data on fixed income fund flows shows significant (RM4.6bn) foreign selling of Malaysian bonds (MGS) in November, but only less than 20% of that got repatriated. There is risk that pressure on MYR/USD could sustain as investors continue to repatriate their bond sales. We also see some signs of foreign investors switching into Indon bonds from Malaysian bonds.

scary man. everyday go up.

that wall is really something hahaha

that wall at 5.25 lol. i wonder if can clear

Yea im also hoping to break 5.33 by this week. My biggest wish for christmas.

I think whole world already know this is a con job led by con artist from CIMB. What was the name of the analyst again?

Hahaha hopefully will continue to trend higher! Good luck to the both of us :)

Buy also no point. Our malaysian government bond market will die due to zero new demand because of bank negara's stupid measures. Lol.

Thanks Cyril. Hope you made some money too :)

Lol. Malaysia on bloomberg headlines. Usdmyr touches lowest level since 1998. Malaysia boleh, good job MO1.

Guys malaysia is on bloomberg headlines!!! Usdmyr touches lowest level since 1998. Good job MO1, malaysia boleh!

Like this also want to report. This bernama damn useless lol. Ringgit weak then say weak lah! Hahahah

Lol 1 week i made 57k buying c6 last week. Can go holiday liao. @PlsGiveBonus thank you to your epf i will sell to them more :D

Lol why is the stock going up i also dont know.

@PlsGiveBonus

Make money?
:)
You are the one that say topglove target price 3.50 lol
You are indeed a funny guy.

Bernama always predict wrong movement. I guess next week USDMYR strengthen! HAHA :P

I believe the thing you are missing are a few unexpected events, mainly, the price war, 24% hike in natural gas tariff, 11% rise in minimum wage. So maybe they are not lying... but to say that the decline in margins are mainly due to forex gain may also be unreasonable. Thanks for the good article though!

Just spoke to the company regarding the FDA, powdered gloves are the cheapest and is mainly shipped to price sensitive countries like india and china. Also, the production lines are interchangeable so if demand shifts they can easily swap to non-powdered gloves which also garner higher ASP.
Have a good weekend guys :)

@MATB I didn't know they were obliged to sell their stake to create liquidity for retailers. That is good info. Thanks for sharing :)

Thanks for sharing, Saitama.

Lim Cheong Guan, executive director of Top Glove, also said his company is unconcerned about the FDA proposal.

“We do not expect a significant impact from this move, as the powdered gloves we export to the U.S. are for non-medical use,” he said. “However, should our customers decide to switch to powder-free gloves or nitrile gloves, we are able to accommodate this, as we have the production capacity to do so.”

I like this conversation we're having. I have been a bit bored these few days.
:)
Thank you for keeping me company.

Topglove is not a dividend counter (unless you consider 2% good money lol), if they money to buy a house or a plane, where do they go? Their stake in the stock. It is normal for directors that have huge stake in their company to sell a small stake every few years.

Let me give you an example, Pony Ma Hua Teng, Chairman of Tencent in HKSE sells some of his stake every year, but share price keep going up year after year. Why? Because company is stil good but the Chairman/CEO need money to live when his wealth is not paying dividends.

Does it mean it is a bad company? Nope.

I am impressed by the amount of weight you put into Director selling. If you are saying operations are bad and will get worst then maybe I will start agreeing with you.

It's okay if you are a coward punter. You can buy other stocks. You can leave the gains for this stock to me.
:)

In case you are too lazy or have technical difficulty to access the proper annoucement


1. Disposal of 6,200,000 shares via the Singapore Exchange;
2. Disposal of 1,900,000 shares via the Singapore Exchange;
3. Disposal of 100,000 shares via the Singapore Exchange; and
4. Disposal of 58,700 shares via the Singapore Exchange.

Date of transaction BEFORE 10 November 2016.

When did USDMYR start to depreciate greatly?
10 November 2016.

Directors had no idea what was coming.
:)

You are funny.
:)
Directors are selling the Singapore listed company. Not the Malaysian listed company (in case you are unaware that Topglove has dual-listing)
Regarding the directors sales which were done for their own livelihood rather than the prospects of the company, they sold right before the share price jumped 10% due to Trump Election which weaken our ringgit from USDMYR 4.20 to 4.47. I'm sure they are regretting their decision now.
Regarding EPF, they have been net buyers for the past 2 weeks now, what big picture are you talking about?
Landscapes change, since you set your mind and never change means you are stubborn to adjust to the ever changing market. Just my advice to you.
:)

Wow. But you just changed your TP from 4.00 to 3.50. You must be the one who is delusional about your own mind.
:)
Also look like you are the only few scare-artists who are evil enough to scam retailers from running from the biggest glove manufacturer in the world for healthcare related purposes.
Don't worry, I have a lot of free time and I can keep you company by actually talking facts than referring to "own references".
:)

Wah PlsGiveBonus
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5291253
Your hero EPF keep buying. Maybe your retirement fund won't be so good after all.
:)

Affin Hwang, each analyst are their own and have their own way of looking at stocks, you blindly group them together shows how inexperienced you are in the industry.
If you have no arguments regarding your TP, I also can say whatever TP i want.
TP 6.00 is unreasonable.
I should revise to 7.00.
I don't usually give unreasonable TP.
Hahahaha. You are a funny guy PlsGiveBonus :) I like your presence here. Adds comedy to my life.