already touching 0.19 and may back around 0.18 for months to come.

All because market still categorize Esceramic as a glove counter.

testing 0.2 support and most probably would drop below 0.2 to trigger more retail sales.

2 more months for regularization plan submission or request for extension.

in few weeks time when GenM reports higher profit and reverse impairments, then all kena washed kaw kaw already.

This is a repeated trend in 2019 when such injection happened.

Top Glove should review its current assets especially its landbanks and old factory sites, hostels and properties which would be gems if they decide to diversify those assets into different business entities. Why maintain and operating such non core assets instead of selling and lease them back? Let other professional companies to manage them. Top Glove should really look into these instead of managing the group as pure glove player.

revenue should be up significantly in coming quarter due to uplift of US CBP ban in Sept. But whether can make profit, that remain to be seen as there seem to be some poor decision made so far especially on the private plane purchase which gave no business justification and being covered up as well as the US manufacturing facility which is 4x the cost in Malaysia. Unless, management is confident to secure strategic contract with US gov when the US facility starts operation, that would be a real boost to the company revenue which differentiate it from the rest.

Anytime now to Dec could have major movement.

Waiting for tax hike rumor to be ditched by this Friday. Next Monday will rebound

Those who chased until 0.39 kena goreng. Those who entered below 0.2 and sold 0.3++ no kena goreng and pending reentry.

Yet to goreng by operator. Still pending.

BPlant will gap down tomorrow. KLK fail to acquire BPlant. So are they interested in TSH? Seem no one is interested to buy this so call undervalue plantation.

Losses less than rm80 mil already meaning improvement. Kossan, Harta and Supermax all posted lesser losses and Top Glove should have similar narrower losses.

This operator not to be messed with. It won't let it up even with high volume.

@Calvintaneng

Where did you find this number? I dont see this number under its total liabilities or anywhere under its current or non current liabilities. The debts is definitely more than 75 mil.

Total debts of Tsh further pared down to only a tiny Rm75 mil (from Rm1.46 billions )

Recovery doesnt mean ppl gonna repay. It may drag into court cases for years to come. Profit guarantee of JMI is confirmed as it s already been announced. As for Melaka hostel issue, still no updated news and should Melaka gov gonna settle it with the company, it s either they repay the 40mil ++ debts and cont with the concession (which wont be good as there would be new debts incur in future) or total buy out the concession and take over the debts from MBSB. Without the take over of the debts with MBSB banks, the 120 million ++ wont even be able to settle the loans with MBSB

Took 5 trading days from 2.61 to 2.69. Just took a single day down from 2.69 to 2.61. That s GenM for you.

Distribution completed.

Am sure the PM has been bombarded with such questions for hundreds of times if not thousands. When the PM requested the student to go straight to the question, it shows that he already knew the context and what the student trying to say. No point to go through a big round and beat around the bush to sound as if you are sensitive and not hurting others feeling. The question itself is already sensitive enough and controversy enough. There is no question that we need quota. The question now is the implemenation and enforcement of it so it won't be misused while at the same time derive others of their deserved opportunities. What the PM was saying actually was about social mobility. Yes, that s the right and modern term to use instead of quota. We need to consider the social mobility of the B40 group. Abolishment of quota all together is impossible but a uplift and enhancement of it to encourage and promote social mobility for the B40 is what should be the move forward.

game over...

Smart money chart doesnt look good for now.

@RonnyWu, caused it already dropped to 2.43 back in end June before it up back to 2.63 and now dropped back again. Look at 6 months chart and 12 months chart, you would see that GenM was breaching lower lows each time it dropped. This round if cont the trend, it may drop lower than 2.43.

GenM is no difference from salted fish for past 5 years

33 will be the next resistance

seem not over yet. still have leg to up.

Could it be a plan to list in Main Board or significant new shareholder coming in?

This counter has been in sleeping mode for more than two years. Suddenly these few days it just awaken and rallied up. There must be something brewing. I dont think the results is the reason for it to rally since it's mainly on impairment reversal.

slowly up without attracting attention. Next, is the official reply from Bursa on the upliftment of PN17 status. It has been 3 months now since the application in April. What is taking Bursa so long, remain a mystery to us.

Only if they secured exclusive US orders from the US government with premium price due to Support US products campaign.

Jack Khan

I don't know how the plant in US going to profit. over there 1 headcount can hire 4-5 bangla

Cash Dividend secured. Now wait for next Share Dividend.

Still pending the resolution from Melaka Gov and Universiti Melaka. It is hitting Bintai hard due to their payment default.

retailers sometime really out of tune. before the news of the Miami sales, GenM trading around 2.5++. after the news, it went up to 2.79. Next, for the past 1 month it dropped back to 2.5. Now with this news of the sales not going thru, why would it drop further to 2.15? There s no impact and status quo for GenM prior to the news.

Maybank terminated the financing facilities back in April. No more financing, how to proceed with projects? Some projects should have almost completed and TNB is owing some payments.

is there any outstanding short volumes for GenM at the moment? Anyone has the stats on short volumes?

non stop blocking at 0.2 even with volumes surge. All left pocket to right pocket transactions.

GenM price is so weak even with guaranteed 4 billions ++ profits by selling off the Miami assets.

QR should be out this week. Looking at the share price trend, pointing to poor results.

Refer to page 13, item 7. Corporate proposals. Total receipt is RM457.5 mil and RM444.5 mil has been utilized for repayment of debts, general working capitals and other smaller expenses. Pending around RM273.6 million which not receipts yet for the land disposal

should know if Bursa gonna approve the upliftment of PN17 status within the next two weeks.

This esceramic price is real sticky at the bottom and wont go beyond 0.2 for months now.

1 more day to go before expiry of warrants.

can have such high fake volumes? The boss must be desperate to do such faking.

TCH1186

fake volume. careful.

1 hour ago

2 more days to go. As expected, wont have much movement and cant uptrend.

Net short position as of 8th May: 84,031,170

Meaning these shorts still havent been closed.

113 TOPGLOV TOP GLOVE CORPORATION BHD 2,036,450 2,110,000 1,332,340 1,388,500 0 0 0 0 3,368,790 3,498,500
Shorting data on 8th May 2023. Total short volumes: 3,498,500 value at RM3,368,790.

Top Glove trading on 8th May 2023 was between 0.935 - 1.

Shorties kena burn kaw kaw today. At first they were happy seeing Harta 302 million losses. Mana tau hidden is the impairment 347 million. So Harta is indirectly telling u, hey I profited 45 millions but i just dont want to show to you that clearly.

Making losses due to impairment. Biz is making money back. The market is expecting it not to make money from the biz due to poor ASP and poor market demand. That's y the uptrend since it beats the expectation. Now IBs gonna change storyline with this newest development from Harta

xuxu

AdCool

Baca itu QR results baik baik. Then u will the logic.

Improved bua scrutinize the results and t still making loss lah

Baca itu QR results baik baik. Then u will the logic.


xuxu

result buruk naik lagi, glove tak logic

Harta up 7%. all the shorties suddenly mati.