It just like Trump said they can defend Coronavirus (lip service) . Looking at the stock....Gosh ...basic needs for defending Coronavirus ie face masks only got 45 million whereas population 330 million. China is banning exporting face masks now. Is it they plan to use nuclear bomb to defend Coronavirus?

People ignore the facts of coronavirus development and the possible consequences. They love to interpret the figures (bogus data) from China which is able to make them feel comfortable and ease. They simple ignore the development out of China.

Many investors love watching or reading the news from the official medias trying to get in touch with the market trend. It has become an obsolete idea to do so.....how to escape before market crashing whilst majority of the people doing the same thing? ...Must watch and read unofficial news to get in touch with the real situation development. It will not be 100% correct but it provides certain high degree of reality of the information.

Nothing is cocksure in the market whether based on FA or TA. Respecting Mr. Market is the best way for survival to minimize risks exposure unless you got plenty of money to invest.

When the FEAR factor has arrived, FA & TA would become a nonsense in the market for short and mid term.

Let’s see how the developments of Coronavirus in the next few weeks. The risks of locking down city in US.

See the whole picture of the Coronavirus development rather than what I want to see or I like to see for making a decision.

This is the consequences of putting too much reliance on FA and TA without taking into account the risks of the whole market in short and mid term.

Coronavirus is not what Trump able to control. He did take an early precaution to stop airlines traveling between US and China to minimize the risks. But he did not plan ahead to take further actions just in case. China informed CDC in early Jan 20 about the Coronavirus. Trump did not want to come out a budget to buy equipments or necessary materials to manufacture the basic needs such as masks for precaution purpose. Some more, they were celebrating DJ running up to all time high while Asia was hit by the epidemic. US may have to pay for the heavy price of being ignorant.

Operators are blocking you guys from buying up too fast....spoiling their plans...lolz

RM 5.1 is cracking. Go go go!

How often the market follow our wishes in order to make money? No need struggling our left brain while the theme is ongoing and momentum trending upward.

Glove theme was started running up since last month. More time to go.

5G theme was the limelight for the last few months as market hoped 5G to bring up the momentum. Unfortunately, the dream was crushed by coronavirus as electronic industry is heading risks of interrupting supply chain. Be patient with the glove counters as coronavirus is the hottest topic in the world. IBs will take this opportunity to fry up another level.

Many people would be thinking of running away if the price surges in a short time. It just like what had happened in the first rally.

The infection cases are running all the way up. The overwhelming medical gloves demand is expected to fill up all the additional capacity invested for the last 12 months.

Finally, it’s back to uptrend mode. Go go go!

The coronavirus crisis started to trigger DJ plunging since Monday. There is plenty of chance to buy latter or buy at the pace like a snail moving to minimize the risks.

DJ is certainly kanasai one. Wallstreet celebrated highest point in the history while Asia market was suffering from coronavirus in the last 2 weeks. They thought Trump could solve the problem simply giving Xi a call and talking nice words to calm down the market. It's the time to face the reality now.

It seems like 1.7 going to crack soon.

Global demand of gloves will be exceeding the exiting capacity given wide spreading of virus. RM will be trending downward as crude oil hitting hard due to shutting down of business activities. This would increase the profit margin of glove manufacturers. Overwhelming demand plus high margin would certainly give a boost to their bottom lines.

Temporary suppressing the share price. IBs don't even intend to sell their CW at fair prices ie C77 & C80.

The virus is spreading fast in EU countries. Italy infection cases jumped to 322 yesterday.

The price will follow the covid 19 development instead of QR. Managed to pick ups some.

Gg? Lolz .It’s actually better than my estimation.

We follow Mr. Market to make money...The trend of the market now.

High demand of medical gloves. Buy

Buy to keep before the heavy promotion launching by IBs and bloggers in next few months.

The last rally was putting too much focus on the development of bogus infection cases data released by CCP. Now, we will be facing the real data provided from worldwide reliable governments.

Covid 19 is running wild out of China so gloves sector would follow suit.

It's a very short drama....already over. Bursa will be much dependent on DJ & Covid 19 development .

There is plenty of room for the price to move upward. South Korea covid 19 infection cases has jumped to 833 in a week.

If the share price can’t be pressed down, IBs May follow market to push up the price and sell other CW. They can do the other way round to cover the losses.

Singapore's banks has reported a revenue growth between 5% to 24% couple with better profits. Their share prices are traded between PER 9.3x to to10x or P/B between 1.05x to 1.3x. Maybank, Pbbank & HLbank are certainly overvalued in comparison with Singapore banks. TP remains at least 20% discount from the current share prices.

IBs can’t contain the price anymore as situation is getting more serious out of China and depreciation of RM will be more intense as crude oil prices plunging and clouded with political uncertainty.

Topglov’s QR is the only hope to bring up all the gloves counters in mid Mar 20.

Hold for upcoming QR announcement in mid Mar 20, mid Jun 20 & mid Sep 20....not for the next 5 few days. lol

It seems like IBs are working so hard to churn out volume pressing the price down further. Wait for them to close the gap-up 5.1 next week.

Closing Price: The VWAP of TOPGLOV Shares (subject to any adjustment as may be necessary to reflect any capitalisation, rights issue, distribution or others) for the 5 Market Days prior to and including the Market Day immediately before the Expiry Date.

Extracted:

The banks only make money from structured warrants upon their expiry, because banks will never know whether they can keep the initial money, or need to fork out additional cash to compensate the holders.

Upon expiry:
If settlement price (i.e last 5 days trading price) < strike price, the bank keeps all the money that they received at the time they issued. The warrant holder lost their bet.
If settlement price > strike price, then the bank calculate how much to compensate.

Calculation of settlement amount = [(Settlement price - Strike price)/Conversion ratio] x no. of Warrants

Conclusion: If I were a bank, I would issue warrants if I think that:
1) prices are increasing now (so that it can attract losers to buy my warrants)
2) prices are expected to drop before expiry (so that the losers will cry and I keep the money).
3) malaysians have not yet realised that they are being cheated by such genius products.
4) I can manipulate the price of the mother share during the last 5 days, if I need to.

From this perspective, it's not clear whether banks will goreng the counter so that they can let go of their warrants. But it is clear that they will "hope" for the price to go below the strike price upon expiry. *And their hope often come true.

they will hedge the warrants with the mother share, if they're risk averse, they can hedge 100% of the warrants they issued (eg sell 1mil warrants, buy 1mil shares(if converstion ratio 1:1)), but if they think the warrants goin to drop kao2, they might just hedge 20%, depending on traders

likewise, they can also hedge via back-to-back warrants with another counterparty(ie another bank) to cover the unhedged warrants

What if the market sentiments are moving in the opposite way? Getting more infection cases announced by the area out of China ie Korea, Japan... It could be hard to contain the share price if given rebound is imminent. Any plan B to minimize loses by IBs?

Government funds are working hand in hand with IBs. IBs play 2nd liners whereas government funds play blue chip with the intention to squeeze retailers.

It seems that the market is trying to achieve TP between 4.5 to 4.88 which is the exercise price for CW expiring this months.

Potential of lackluster QR plus Tolong Menolong between IBs and Governments funds are sufficient to press the price down to 1.45 for striking the zero intrinsic value of C69.

This is the 2nd coincidence that I have experienced after Takaful. Everything comes at right time and giving the good opportunity IBs laughing all the way to the banks. IBs are so lucky in share market! lolz

Look at the fundamental and the prospect of Comfort rather than purely depending on movement of the share price in manipulating our emotions or fears.

- PER below 15x, the lowest in the glove industry
- Demand of nitrile gloves surged due to Covid 19
- Capacity increased by above 15% starting next QR
- Depreciation of RM against USD
- Low raw material costs as crude oil prices dropping

They are the EPF proxies in fund management....lolz

IB of C55 doesn't have to pay anything to the CW holders if the closing shares price below 4.5 on 26 Feb. Of course, Topglov is very unlikely to drop below this price. Sell high and buy back at lower price is the way of making money through CW by IB. They will press down the share price as low as possible.

Market price - 5.25
CW exercise price - 4.5
Different 0.75
Exercise ratio: 5:1

Value of CW: 0.15 (0.75/5)

Buy now and keep for the next few months. IBs may come back to bash the share price again in 6 months latter.

IBs will make a big loss if the share price of Topglov & Supermx keep going up.

CW below is expiring on 27 Feb 20 :
Topglov - C55 (CIMB), C59(Kenanga) & C61(Macq)
Supermx - C69 (CimB)