All glove counters minimal price fluctuations, all watching US elections.

I think shops targeting high-end customers will collapse first rather than those serving low-end as the inventories are more liquid and rentals are cheaper. Robinson is the first casualty. See ISETAN or Parkson soon. Hence, there will be lesser competition but still steady demand.

Market very tepid, no energy to bounce up. Better than red though.

Contra traders need price to go up but no big buyer due to bad market news. Hence contra cannot tahan also sell. Value buyer already bought and will just wait when price is high to sell rather than take loss now. Growth buyer will wait for further down before accumulate. Big buyer probably wait market stability.

Lowest price can also be breached. This week will be volatile until US election is decided on Friday or later. Provided local politics got no major news also.

Good if you have cash to accumulate now. If on contra, good luck.

No drop from today's major sell-off not bad

MBB highly depressed, cross also no point.

All gloves red!

Red throughtout bursa today

For me, the reliability is as follow:
1) If you are professional fund manager licensed with regulators and I pay you to advise me.
2) If you are professional fund manager licensed with regulators but you are giving public talk and i did not pay for your service.
3) If you are well known investor and you share your portfolio and returns regularly
4) If you are well known investor but you rarely/ did not share any evidence/ proof of transactions
5) You are nobody/ no public profile/ forum blogger but have insightful comments I will just eat kacang listening to your points
6) You are nobody/ no public profile/ forum blogger but spew inconsistencies, misleading or false statements, do i even bother to say anything?

Volume almost 300 million in half a day. Very liquid stock

IPO true price normally come after 6 month moratorium ends. For those looking for cheap buys, wait la if you miss the train.

Supermax biggest drop in bursa today

In terms of financing, you take proceed to expand by not taking loan or take loan first to expand and using equity to replay loan is actually same net effect with difference depending on loan rate and return on equity. Big funds know this finance 101.

Looks like 1.7 is pretty much consistent with earlier TP/FV estimate. Don't think it will tank further but don't expect significant growth like a tech stock.

This week to flush out the contra traders who enter last thursday and friday

1.75, i really thought 1.5, probably IB buying a lot

Looks like discount only in first 2 minute, now back to 1.6 all the way

Contra traders no more time to play,

Vaccine don't kill gloves. Over hype does. You see long term player no fuss, goreng/ contra players all swallowed up.

Momentum no more, after lunch prepare

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Malaysia market generally less liquid compared to other countries due to low public spread and mostly hold by institutional funds, govt or family with small exceptions on banking stocks. Don't think it will bomb like LTC but day 1 upside won't spike like optimax or samaiden. Foreign funds generally chase growth stocks in emerging markets compared to value stocks. Mr DIY green flag is the growth mitigated by its gearing and pe.

https://www.bangkokpost.com/world/2003415/pfizer-to-seek-vaccine-authorisation-in-november. Mark Nov 25

Record still belongs to LTC. Public undersubscribed by 30%. Mr DIY bad IPO timing due to cmco in Klang valley. The price also a factor, it's 5.7 times econframe and 3.3 times samaiden and not lots of public spread. Waiting to see whether got local funds like EPF or PNB picking it up

IPO very hard to estimate that's why need underwriting from IB. I never thought optimax will double the price looking at the MCO environment but it did. One benefit Mr DIY has is that even amateur or newbie know what its business model is. The PE of 30 is high but common for many IPO as most need to show track record of growth to reduce balance the pe later. Proceeds to reduce borrowing is definitely one of the least desired indicator but it's a chicken egg argument of 1) Reduce borrowings to borrow more to expand later or 2) Expand now and borrow later.

Will monitor the price for 2 weeks before deciding. I think the interest will be higher if cmco is over for Klang valley around end Oct (not likely).

Another announcement from PMO later today

Telling facts, sorry if you are offended.

Funds will analyze whether the announcement pose a high political risk uncertainty to country

Market uncertainty for next 2 days

Everyone waiting for update from palace meeting

Today all the blue chips like petronas and banks go up. Glove counters maybe tomorrow

I am also curious all O&G drop today except for this one

You put 80% of your portfolio on gloves that is highly susceptible to vaccine news with PE > 40? Your hedge is a GLC in property management and a small niche company? I hope your all in on gloves play out if these are actual holdings.

All glove counters going up since yesterday. May continue after lunch.

Profit up but shares keep trending down?

You have 2 broad category of investors. The recent majority is those who come to goreng stock/ trading/ contra/ ...etc, they provided liquidity for long-term investors to exit/ profit/ sell. This rally/ market rebound in Q2 and early Q3 benefits everyone, win-win. Once market corrects, the short-term players get stung and get smarter/ cautious/ wary... and stop speculating heavily. Now Q3 and Q4 you will see market up & down (like normal times). Long term player laments about the reducing short term retailers that provide ample liquidity previously but you also see some short term players transform to become long term players after gaining further experience and knowledge.

On gloves specifically, financials are good and growth still high but the euphoria that gloves are miracle stocks has dwindled where there are further and deeper coverage by investment houses. Long term investors have little to worry about as PE is still low and profits are growing. Those want to goreng, wait for election results in US then you will see foreign investments coming back.

The debate have negligible effects on dow jones. Both perform badly so its status quo. Everyone waiting for BN next move now they cede Sabah CM to PN. Some are also due to repaying loans due to moratorium ends.

Another Kiyosaki style posts. I want to see what he can write when TG never go up.

There is nothing wrong with TG/ Glove financials. However, many are skeptical to pay over the top once stung in the recent corrections. Foresee a 5-7 days down followed by 2-3 day up until US election closes or a big major news.

TG been uptrend for 1 week since below RM8. This week probably down and maybe pick back up on 1 Oct when moratorium ends. Retail participation is getting lower and now waiting for institutions to come back.

Very rare stock market up not powered by gloves counters. Good day today.

Investors already priced in increasing COVID cases. The only thing uncertain now is the political uncertainty. Even with a nominated CM, previous Sabah CM was also replaced after 2 days sworn in. Brace for bumpy week.

Hmm the posts become more empty air. Now talk about nothing at all. All uncles, gurus now chicken Ady after market rout and glove counters are volatile right now. So next 2 week, go scuba diving with uncle and find glove is waterproof from recession? This rival uncle roger parody I watched in YouTube lol.

Hartalega and Kossan drop the most last few weeks so the increase is more to rebound effects. I think this week, glove will be up and down until political stability is achieved. Sabah still yet to decide on CM, anything can happen.

It's more of an indirect effect, currently investors still have many choices of stocks to buy. Moratorium will most likely have negative effects on financials for most companies render their Q4 results bad. From there, investors will look for stocks with better results (ie: glove, tech, non-cyclical, ...etc). Most large western companies vaccine is phase 3 already and it's not impossible for one of them to produce a viable one by end of the year. Not counting the less disclosed process by China/ russia vaccines. Currently there are huge outflow from foreign funds due to China trade wars also due to current trump policies. If biden elected and favours us - China cooperation, most stock will up (including gloves). Discount trump chances at your peril though. Most burn their hands betting on Hillary previously.

I foresee glove stocks to really soar next year earliest when the full effects of moratorium effects start to be reflected at Q4 results for most companies including banks. Q4 will be up & down until US election is finalised/ vaccine news development.