EPF is still lending shares to shorties while disposing Kossan shares as well. How to up if EPF keeps sabotaging it?

each q at 4 averaging 100 biji. That would be rm4 X 100 = RM400K. If not big players blocking, who else? And why are they blocking if not intentionally for something.

and next they would go and RSS other counters when those counters are at super peak price.

as long as IB not finish with the RSS, even if profit 2 billions also wont move. Just need to wait for them to done with their RSS and collection.

Esceramic only can ride along the overall gloves industry trend.

Just be patient and let the sharks collect all they want first and also playing the RSS with the Top 4 gloves. Next, they would goreng up back and repeat the cycle again. the RSS is already done. now they just need to prepare funds to collect back but not to trigger panic buy.

Shark wanna profit kaw kaw from RSS before they close position and goreng back up gloves kaw kaw again. Next play RSS again and repeat.

In the next 4 quarters, Kossan net assets which mainly from its cash pile would be around rm2.10 per share.

nobody buy on rumors, then how to sell on news?

SBL acquisition means the return of loaned shares by the shorties or hedge funds or IB. Not EPF buying from the open market.

Dont say limit up, mau up also susah. No down already consider lucky.

recycling rumor again on windfall tax. How much can you tax? Gov already taxing over 20% for corporate tax. Are they going to tax another 20%? The most they can tax is around 5-8%. Nobody would want to start biz here if the gov is taxing over 30%. Many countries tax less than 18%.

As long as the operators dont release the glove cpunters, it wont be able to fly. Now the gloves are still being tied down.

Shorties even covering, the price didnt move up fast. They must have not pushed the price up but covering in small batches to avoid triggering panic buy. Can see the W trend on daily pattern. Cover until daily peak and then stop and let the retailers to take profit and sell down before they cover again from the bottom.

another week before quarter result.

Paying peanuts for the gloves yet wanna demand this and that. Pay premium price first lah. Your country has been paying nuts around USD20 per 1000 gloves since ages. Only lately they paid more because there were shortage and they wanna secure most the gloves for their own usages while depriving the poorer countries.

Mr DIY is just all hype and branding during IPO. Would be corrected in months to come to reflect the actual value.

Quote: Benjamin Graham, explained this concept by saying that in the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company.

JPM already achieved what they wanted. From RM8 to RM3.60. Now all macai would need to change scope and promote TG. Today they all went for training and briefing.

UlarSawa pecah rm4.00. We are moving to tingkat 4 now. JPM macai kena buang kerja. Correct?
15/07/2021 2:33 PM

This would only be resolved after US has secured a strategic supply in Gloves. Either through strategic contract, JV, Acquisition by US companies on gloves manufacturers or newly setup gloves manufacturing in US soil.

Posted by xiaomixiaohai > Jul 15, 2021 8:29 AM | Report Abuse

Btw why TG cannot resolve USA CBP ban? Does this mean the USA market is forever gone for TG? Will EU follow to ban it? EU also very concern with human forced labour issues

MoneyMakers been working extremely hard today. It says something.

Not bad news lah. Moving workers to different hotels as prevention of covid outbreak in the same single hostel is what Top Glove has learnt from previous outbreak. Not that Top Glove sent the workers to other districts or other area out of emco. Still within emco area. What to be investigated then? Ppl just panic for nothing. Seeing load of buses fetching workers out, then start to have all kind of fear and imagination.

UPlanet Congrats ular! Hope the bad news won’t change the uptrend next week! Only will meet u at 5th floor for drinks!!! Ok? Haha!
09/07/2021 11:58 PM

France said we must deliver gloves to them. Cannot stop you know. Thought Europe and US already stock enough of supply. Why closure of 2 weeks concern them? Their stock can last at least 6 months mah.

Additionally, MARGMA shared the expressed concern of one of its global buyers, French healthcare and medical glove distributor Mathieu Roturier of Euromedis SA.

"Malaysia must perform its obligations to France and to the world to ensure adequate supply of medical gloves to the hospitals. This sudden closure is sending a bad signal that Malaysia is not capable to fulfil its global supply as a leading medical glove producer. It is about responsibility also," the association cited Roturier as saying.

Where got drop? 0.02 only lah. Only Top Glove drop. U posted in wrong forum is it?

Smart Ular. you know their dance move.

UlarSawa They wont disturb but will promote TG kah. Then JPM macai will sing good about TG right. Correct?

Agree. Then JP Morgan wont disturb this Top Glove anymore.

yfchong Let's hit 3.50 only reversal....

Dont so fast lah. I yet to prepare my fund to buy in at 3.50 following JP Morgan TP. Deng.

3.80 is TP for Kossan. Now Kossan at 3.

UPlanet Ular you n adcool are right! Tp Tg is Rm3.50! But i just saw someone forumer mentioned tp Jpm achieved Rm3.80 recently! So confused!
08/07/2021 1:59 PM

Who going to believe the aggressive expansion projection. Supermax has been talking about expansion since 2015 and at that time, Supermax was producing around 20 billions. 5 years down the road, Supermax only have 26 billion production. Far fetched from this 50.4 billions additional capacity which they boasted and claimed in 2016. It s just number plucked from the sky. They would face all kind of challenges such as land issue, permit issue, water supply issues (which is something very common), machine issues, investment issue, manpower issue, etc.

QUOTE from 2016
The total combined capacity of the Glove City with plants 10 and 11 in 2020 is expected to be about 50.4 billion pieces.

If they can add on another 6 billions capacity by 2022, already can give them 2 thumbs up.

3.50. Trust JP Morgan. :)

Gunplakk How low can tg go?

TBH, if for long term keep, I prefer Top Glove by looking at its current low valuation and consistent performance for the past 10 years. I started to buy Supermax lately during the dip for other reason and if Supermax delivered more profit and dividends due to the current ongoing pandemic, then it's a bonus. But the main reason I bought it wasn't for this. I started to acquire some when it dropped below rm6 in Feb and then i bought some again below RM5 in May. Next, I bought some again below RM4 in June. I am not a big player and hence can continue to buy 2-3 bij every time. So I wont go bankrupt even if Supermax down to 0.65. I m ready to buy another 3 biji if it drop below 2.80. My average price is around 4.50 now. I would be able to average it down below rm4 by then. If the reason I m waiting doesnt happen in the next 12 months, then that mean i need to cut loss lah.

@thomaszum, Esceramic doesnt have this bottoming thingy compare to the big 4 gloves. If you look at the 52 weeks price, all the big 4 already hit the rock bottom and below. For Esceramic the bottom was at 0.24.

Funny comment. Suddenly can relate to cxck and sleep from glove.

investmalaysia2 Don’t talk cxck la. I also can say I’m waiting at 2.5 la. Go back sleep la you
08/07/2021 12:24 PM

Still long time to reach my next average down price at 2.37. Guess may not be able to average down at that price since already bottoming.

Many here are panicking because of margin acct. And margin acct is also the reason for price sharp drop just like what happened to Serba Dinamik. The boss was having forced margin sale.

Question: How do we track ASP? There s no publication of such info by MAGMA. Nobody know for sure on how the current ASP trend except report by glove companies which are old data.

Just paper loss, you wont die unless u play margin. Top glove has not been disappointing since 2008. It's ok to let it rot for a while just like your wine. Put in storage for years before it matured and fetch premium price.

chkhooju The more you average down, the faster you die. Either you cut loss or just let it rot there.
08/07/2021 11:57 AM

need to prepare fund for another average down. Please, am aiming for RM3.60. Don't rebound fast next week although Europe is hitting 100k new cases next week, Asia is in Covid crisis with Malaysia, Indonesia, Bangladesh, Thailand hitting new high of Covid cases. The world leader in vaccination, Israel is going back to lock down due to increased of cases up to almost 500 from just below 30 cases back in May.

Whole bursa is in red sea but Esceramic steady only. Most other gloves also steady except for Top Glove. What else can guarantee business and profits during such uncertainty if not gloves?

Somo1, train also use the same containers which are in shortage. train has limited capacity too. One train may pull 100 cars and given the tandem cars, max to pull 4x20 footer per car. Max 400 20 footer containers. Not all train route or infra can support such tandem size due to tunnels condition and also the train capacity plus the train depot with its stacker machineries. Train freighter was meant as feeder and not really as main freighter which usually would be those post panamax vessels that can carry up to 12000 TEUs. Now we have vessels than can carry even more.

China wont have advantage for US and Europe markets as the Western are still having trade wars with China. Another challenge is the shipment. The freight rate has increased almost 10 times compare to a year ago due to shortage of containers. Shipment from China to Europe would take additional 2-3 weeks in comparison with Malaysia and 50% more expensive than from Malaysia. Hence, even if China can produce, the buyers would consider such factors of higher freight rate, longer shipment time and whether their clients are receptive to China made products - gloves. Bear in mind that Supermax and Top Glove have higher inventories and this could be good time to reduce their inventories since they have been producing more due to new production lines.

just be patient.

This forum becoming ular, mikecy and gloves off forum already.

US isnt reporting much positive cases as they have scaled down the testing volumes and requirements significantly. With reduced tests, it would be reduced cases. With no tests, then no case. That's the approach US is taking in order to open up their economy. No way US going to lock down anymore seeing how China been enjoying without lockdown and restriction while the rest of the world lockdown all because of China. Now US gonna focus on the postponed/delayed medical treatment for other diseases and health issues in the public. There have been much postponed and delayed for elective surgeries. Besides studying any breakthrough cases for fully vaccinated person for Covid 19 fatality.

another 3 weeks before QR results. Will it be higher profit due to higher ASP or lower profit like most gloves counters due to lower ASP? Will Esceramic follows the glove trends or has its own trend? Many are taking esceramic as the same as other gloves counters and hence the drop for the past 2 months.

In summary, based on published info, the Malaysia Top Four capacities will increase from 196 billion pieces p.a. from 1Q21 to 327 billion by 4Q23. This is about 67% increase over the next 11 quarters, or a CAGR of 20%.

The top three foreign players Sri Trang, Into and Bluesail are projected to expand from 51 billion as of end 2020 to 152 billion, or 198% growth over three years, or CAGR 44%. I note CIMB has excluded much of the aggressive growth plan announced by Intco.

All these expansion mean one thing, much better business for glove former supplier. Take a look at Esceram. Dont say I didnt ajak as Esceram has business in Malaysia and Thailand.

GlovesOff https://www.reuters.com/article/us-usa-humantrafficking-asia/forced-la...

Nah fresh from the oven from U.S. Secretary of State Antony Blinken
02/07/2021 5:02 PM

“The sectors primarily where we see the greatest forced labour – which is the predominant form of the crime within Malaysia – includes on palm oil and agriculture plantations, in construction sites, in the electronics, garment and rubber product industries,” said Johnstone.

Im still waiting for ppl to sell down electronic, palm oil and construction but still no movement. IJM plant even up rm1 last month due to acquisition.

entered back today at 0.505. Missed the price below 0.48 as still monitoring for the reversal signal. Should wait for the results now in 2 weeks time. KPower n other related counters to the Karim already back to uptrend

Usually with higher production cost, the ASP would be higher amid at a later stage for the manufacturers to adjust their pricing and pass the cost to the customers. it's a norm in the industry.

Collect more and then sell to Malaysia Gov GLC just like SP Setia. When you grow too big in Malaysia, the gov would want to acquire your company as national assets and ask you to leave. That s how it work.