Indeed Rsawit did not deliver as per the industry and peers. No wonder the market is selling it and go for other palm oil counters. The high cost of sales (90%-105% of revenue) and impairments are killing this company yearly. Rsawit needs to contain and lower their cost significantly to make profits. The high price of CPO wont save it if it cont to incur high cost of sales as the high price is only cyclical. Prior to 2011, the cost of sales was around 50-60% of revenue. Next it keeps increasing and Rsawit no longer can make profit. It reflected in the share price at it started to drop from around rm1.20 since 2012 to 0.2 now since there is no improvement at all on cost of sales but worsen.

UlarSawa is back. Mana anakular?

IB wont give TP in range lah. Dont blow cow here lah.


Markv572421 New tp : 1.40 - 1.50

any new TP for Top Glove from JP Morgan?

This one short until gila already.


xiaomixiaohai Next qr will be losses....high chance probability lol
23/09/2021 10:34 AM

Glove no longer has superprofit from high ASP, hence windfall tax won't apply. Can tax the banks, semicon and plantation for their high profits.

JPMorgan already said rm3.80 TP but the local IBs syiok sendiri and over short it. Now JPMorgan will punish them soon enough and show them who is the Big Bro here. Wait for it.

Consequences of not listening to JPMorgan

Today short seller been shorting as well but cant stop the technical rebound. Wonder what s their current damage for today and yesterday.

Today shorties have been aggressively shorting again to stop the technical rebound.

Already starting this week. Amazon also start banning.

https://www.thehindubusinessline.com/info-tech/amazon-permanently-banned-over-600-chinese-brands-for-repeated-violation-of-its-policies-report/article36547832.ece

Did AIDS or FLU shut the whole world down? You are comparing an incomparable scenario.

RJ87 Do we hv cure for flu? Do we have cure for AIDS? No.
Do these diseases stop us going around and stop f#cking? HELL NO!
We put a mask and some rubber. Settle.

Like spanish flu. Those will die one already died. Those that won't die will continue their life.
Dunno why still sell panic. Statistics after 1.5 year is 98+% recovered. You give another 1.5 years. U will be more likely to die in a train than covid. =D

Yeah, maybe u keep too many gloves. Maybe next year u can use glove instead of condom. Each glove can use 5 times. More economical. ASP of condom far more expensive than glove. Maybe TG can start selling condoms.

Btw, TG does manufacture condom and sell condom. The brand is TopFeel.

I just wanna go out and have coffee/tea at a cafe, go for my normal breakfast/lunch at neighborhood restaurants, catch up a movie once a month, walk safely to malls to buy stuffs and go to the park with family also restricted and have worries now. Ppl travelling to Langkawi also got "cursed" for not avoiding crowded places or risking others if they got infected with virus. Now Goverment is opening up Genting Highland, Melaka and Tioman. I asked few friends, nobody dare to go to Genting Highland with their children even with the new theme park. How are we gonna be back to pre Covid norm? It s just impossible now unless we have a cure or have a vaccine that can stop infection. Not a vaccine that just have probability of reducing severe illness but cant stop the infection.


Benhobenhobenho I am sure everyone will want to live a normal life but the reality is the virus is still among us.
22/09/2021 11:09 AM

Already said JPMorgan is the tai kor. JPMorgan already said 2.80. MBB try to be act smart and wanna be tai kor and lead others local IBs to Holland.

JP Morgan successfully swallow all the retailers. now waiting to swallow bigger fishes - IBs. Let them short happily first and next going to cover position aggressively so all the bigger fishes caught in the fist net and cant escape from JP Morgan trawler net. Ini kalilah sapu everything at once.

Shorties no longer listen to JP Morgan. Now they listen to MBB. Later JP Morgan would be angry and trap all these shorties to give them a hard lesson of always listening to big shark and not small fish like MBB


niet Shorts till now 3.9 million shares.
21/09/2021 4:33 PM

Mabel, I wasn't comparing on the fundamental or numbers but just psychological and emotion now on Top Glove is akin to what happened to AirAsia back in 2015. Come 2021, in contrast, the confidence level in AA is so high while the confidence in Top Glove is at rock bottom.


Mabel Comparing TG and AA is like comparing Beauty and the Beast..

Some people in Hong Kong said like Comparing Mabel and Mickey Mouse..

Only Dicky You still believe in AA RM 4.50

Meow
21/09/2021 1:39 PM

The conversation now same like what happened to AA back in 2015. Dropped from rm3++ to less than RM1 even though AA delivered 3 quarters of profit and 1 quarter of losses. Market kept hammer on the losses saying AA would deliver more losses in quarters to come. Already penny stock. Going below 0.5 soon. bankrupt soon. Now everyone can fly to Holland.

Now AA delivered 8 quarters of losses and the market kept saying would recover soon would recover soon. Now everyone can fly to the moon.

Now for Top Glove, did it deliver losses? Is it going to close shop soon? Is 2023 going to be year that Top Glove would deliver quarters of losses because of price competition?

Can we back to normal? I dont think we can be so. I have been working from home for 18 months now and never in my imagination ever thought about this. And never in my imagination that the whole world is in lockdown or partial lockdown and every country closes their borders. Norm as pre Covid is no longer possible.

This one must be the Plastic gloves used to eat crab and seafood. Usd1.50 for 100 pieces. Hahha

GlovesOff GG IB reports claim not only normalise, but plunge to PRE PANDEMIC levels ... all hail CCP CHINA!!!
*********
1. ... PRE PANDEMIC levels when it was trading at $2.50 per box

2. ... China and Vietnam are producing gloves and flooding the market at about US$1.50 PER BOX !!!

Finally I got to buy some at 2.81. Keeping another 60% bullets if it cont to down but I dont think anyone dare to challenge JP Morgan TP except Maybank.

Hit my another batch of averaging. Bought some at 0.395.

Thank you. Started buying at 2.81....

Bought at rm7 and 8 already margin call long time ago. a drop of 30% would probably trigger margin call already. That would be at 5.60 and 4.90

IronShirt Friends have told me, beware of margin Call, Many bought at 7 and 8 are in for margin Call
20/09/2021 2:52 PM

Give me RM2.80!!!! I waited for so so so long!!!!

typed so much still not 2.80.

Local IBs memang not trusted one. Just like tikam tikam only every few months. Whoever trusted them sure go jialat. Better trust JPMorgan as they are the big boss in shorting.

UlarSawa Walao Public bank shifting goal post from rm4.00 to rm2.83 just 3 sen higher than JPM analist. finding very simple excuse wo. Missing Expectations. What The Heck lah. 2 words excuses only. Ini macam kaki lima tukang tilik already. Every qtr also adjust tiang goal. Correct?
20/09/2021 11:02 AM

Down down down but still 2.80 not in sight. Wait until I so sien.

Everyday say down down. Rm2.80 is not far but also not near. Still cannot buy it.

Ahh. been missing for two days cause went for my 2nd jab and was so tired and been sleeping. Thought may get 2.80 but seem they not willing to sell that cheap to me. Sigh.

TreeTopView i look further than just 2 years horizon.

Thanks TreeTopView. I will keep this as the price to trigger my averaging purchase.

The price is currently 40.5, with a technical Fibonacci support at 40 cents. If it breaks below 40 cents then the next Fibonacci support is 33.5 cents.

Purely coincidently, as Esceram has a current EPS of 6.68 cents, if you were to give it a PE of 5 this gives a price of 33.4 cents. Exactly the same price as the current 33.5 cents Fib. support.

Don't read too much into that as it is purely a coincidence.

Just my thoughts, some may agree and I'm sure many others will disagree :)
15/09/2021 1:12 PM

That would need funds or big buyers to do it. Not the retailers. In fact, if the funds or big buyers can just buy aggressively and moved up the price to RM4.50 and lock it there without giving chance to the shorties to cover much, then the shorties would be caught with all their tickets below RM4.50. They may try to push down again and exhaust the remaining 1.3% short limit. If that happen and the big funds bought up again, then the shorties would be squeezed since they have no more bullets to short. They were smart to cover 350 millions of shares when the price was around rm4. Hence, now they still have quite some bullets to play and there seem to be no opposing parties against them.

RJ87 Well, just like RM2 up to RM9 never sell. Now come back down RM3.

Same thing. RM9 short to RM3 never close. Can go back up to RM5. =D

Sh#t can happen both ways.

Good for you. Yet to hit my target of 2.80.


paktua73 today paktua success hit own target..

let see how on tomorrow



tut tut
relax time
13/09/2021 5:08 PM

Why SBB high price if can SBB at 2.50-2.80 come next week?

less than 3% short. Wont kena squeeze. Lot of floating shares out there. They can cont to kick their can. from RM7 short then cover back at rm5, next short again at 5.50 and cover back at rm4. Then short again at rm4.50 and cover back at rm3. Then short again at 3.50 and cover back at rm2.50 - 3. This could be their last range to short as if you shorted too low, they gonna get themselves burnt when the price no longer can go down any further.

RJ87 Short need to close their position...else kena squeeze...
13/09/2021 4:48 PM

They can if they repeat what they did last Friday.

niet AdCool how to sell. They must square off their short first. Their power is limited to 12-15 cents per day. You might get the price 20th sept if the short like this every day.
13/09/2021 4:44 PM

I hope to get it by this Wednesday since Thursday is Malaysia Day. I wanna buy before Malaysia Day so every year I will remember this big purchase that I made.

Pls sell to 2.80!!!

Pls SELL to 2.80!!! TQ very much.

AdCool Actually they have been telling the same script for more than 10 months. Back then, worldwide daily new cases around 600k, now 10 months forward with vaccination, SOPs and lockdown, the new case still around 600K and with proven evident that vaccine cannot stop the viruses as happened in Israel, UK and US. Strangely, the analysts still stick to their Nov 2020 analysis that vaccination will stop the virus and the world can recover and back to norm. Market price dropping doesn't necessary means the fact and reality but just the sentiments. The more ppl believe a lie, then the lie would turn into truth. That's how it works. Remember that the analysts did lie too back in March/April/May/June/July/August 2020 saying Glove would reach all time high due to ASP is every growing. All of sudden in Oct/Nov, all of them uturn 180 degree saying ASP would drop and JPM gave a TP of 3.50 for TG. 8 months down the road, JPM gave TP2.80 for TG while all other analysts kept trimming their TP from Rm7 - RM6 - RM5 - RM4 - RM3 - RM2. If they are sure of their analysis, they should have gave a TP of RM2 in Nov 2020 and not in Sept 2021. This is because they too dont know and react to the market sentiments too. JPM did not target Supermax though.


Catchthewave It does not matter any more. At this price, no matter the dividend, it is good to test water for entry.
Also just look at the volume being shorted, once the short position is covered it will sure bypass this current level. We talking about close to 200 million short position.
Of course the ASP, already goreng more than half a year already. Plus we know the virus will stay with us till do not know when.
13/09/2021 12:26 PM
13/09/2021 2:50 PM

Kill all margin holders. Long term holders still safe. Wait for the significant average down price.

Wah below my 3.33. But I was aiming for 2.60-2.80 now since JPM wants that so much. This would be my significant averaging down price. Please SELL.

Nobody would want to buy from China if need to pay extra 20%-30% on tariff. The US clients would rather pay extra 8-10% to other suppliers to secure shipment.

Catchthewave Situation of COVID become very unclear.
If US put tariff on China by Sep 30, Chinese CNY will depreciate. Foreign funds will outflow from China.
Medi glove price will increase slightly as most raw materials imported to China.
ASP will be stabilised earlier than expected.

Ppl still cant get away from 2019 pricing. Maybe you guys can just step out without wearing ask and dine in or cross states or even go and board a plane to oversea. See if it is back to pre Covid era of norm? The world has moved on and the company has moved on as well. If we just wanna based the price to 2019, then why not based the price to 2010 instead since you guys can just conveniently discount all the billions cash been made, capacity expansion of almost doubling the 2019 capacity, lower debts and interests expenses plus higher ASP which would mostly above USD35?

China could lose its tariff exemption soon by Sept 30 if a deal is not made within these 2 weeks. Once the tariff exemption is gone, China export to US would be dealt with higher purchase price and this includes all the PPE. That could be the reason why US lifted the ban on Top Glove.

RSS pushed back the price from 3.75 to 3.40 before big purchased and pushed up to 3.43. they have succeeded in getting back 3.40. that s the price they want but need to spend more as they have gotten this price yesterday.


AlsvinChangan RSS on TOPGLOVE failed today

Use so much effort NO results
10/09/2021 6:51 PM

Shorties really go all out today.

10/09/2021 6:10 PM

niet 17 million shares were shortened worth 59 million MYR . Giving average price 3.46 sen but remember they shorted nearly triple the amount compared yesterday. Next monday try to buy between 3.43 and 3,45. This is a competition between giants and ikan bilis. Buy on downtick. Do not chase shares
10/09/2021 6:20 PM

@emailpete, thanks for sharing. To me it s worth keeping for now and monitor the price movement as esceramic may attract new big investors or acquired by the deep pockets glove manufacturers as now they have billions of cash. when they have ton of cash, the next thing they do is to do shopping. Should after two years, and there s nothing much and growth and exhausted all their orders and biz and back to normalized, we should move on.