Great results. Panic holders got flushed even at the last minute.

sudden volume surge. something is brewing. Hold tight.

agree with Ming unless there is a reversal of impairment.

LayHong has JV with NipponHam at Pulau Indah, Klang to target Halal frozen food in Japan and ME. Olympic 2020 is also a launching pad for such Halal food cause Japan Government is currently preparing to improve their Halal food providers and supplies in anticipating for Olympic 2020. That's the revenue booster we been waiting for. The JV started few years back and it should bear fruits soon in 2019 and 2020.

KYY already sold it when the price reach 1.70. Now he just bottom fish back.

Blocking at 0.42.

Didnt really drop much compare to Dayang. Many ppl today is cursing KYY for bringing them to Dayang. When Uncle KYY gonna goreng LayHong?

if egg price higher and cost also higher, it would negate the profit.

The eggs price has been on uptrend for the last few months. Now, it s actually more expensive.

KYY already left the counter. You really think it would go up next?

It the global market sentiment due to increased tariff from US on China products. Take some trading days for this fact to sink in. Next, it would back to business as usual. Just bear with it for this next one week.

Heavenly PUNTER https://www.theedgemarkets.com/article/why-lay-hong-appears-dismal-aft...
02/05/2019 11:12 AM

No mention on the JV with Japan NH? That's the main killer for the next few quarters, either they make it or screw it.

shawn 88, your TP is for Q2 2019? Im looking at TP 1.50 in 2020.

TP RM 1.50 in Q2 2020....If you aim for 0.50. Better take profit now.

It seems Herbert Chua has deleted all his comments after LayHong did not hit 0.58 as predicted by him all this while.

Herbert Chua, I am looking at the range of 1.50 in 2020 Q2.

The price may recover back to rm1 if the next quarters results are showing improvement that their strategy is working well and start to give the return. In fact, if.it exceed expectation of the market, the counter price could even touch rm1.30-1.50 in 2 years time. That s the propspect u should be aiming for. Not 0.6 or 0.7 in the next few months.

dont buy a share because of its past. Buy it because of its prospect and potential growth. If you dont see any of it, dont buy that share.

Nothing would happen for this week lah. Just be glad that it holds at 0.44-0.45. There is no news and there is no financial release. As long as it recover back to above 0.5, that would be great for current state in Lay Hong. Next, incubate the eggs for 2-3 quarters for it to break out due to better financial reporting and favorable operation stats from its new plants. The upcoming reporting could be bad yoy but could be better in term of qoq. Just be prepared for it.

Richard, your comment has scared away Alex Chan. LOL

NH so silly to privatize at RM1.10? NTA at 0.49. With book value of x 1.5 only 0.735

Do not expect fast money from Lay Hong. This is a counter that need long time to incubate the eggs.

coming down from 0.465 to 0.445. Those who bought higher today now start to worry soon if today close below 0.430. All the buy and sell Q seem back to normal.

the last pump and dump reached 0.47. This round see how.

Lay Hong is focusing on premium eggs not normal table eggs. Yesterday I was in Aeon and saw the Nutriplus brands were selling for RM5.40 - RM5.60 for 10 eggs. I bought the same Nutriplus from 99 speedmart last month for 4.95. Tesco is now selling for RM5.20 - 5.40 for omega 3 and selenium M size.The egg price indeed has increased.

Many who chased high got burnt by the poor quarter result. RM7 millions impariment was a surprise to most. Bear in mind this is an one off impairment unless there are more bird flu cases.

Looking at QL resources and Cab cakaran, no doubt Lay Hong is doing a poor job for the last 2 quarters. But what s the reason for such poor jobs at the first place? This remains to be seen.

The gov is exploring the Highway REITS kind of arrangement.

i bought at 0.530 and then another batch at 0.370. Keep 1.5 years for Olympic 2020.

First of all, all the warrants are being disposed off market. That means someone is buying from the director. And the disposed price of the warrants were between 0.245-0.40 since July. The exercise price for the warrants is 0.4. meaning this off market holder now is averaging around 0.3 (rough estimate). That would mean this holder is confident that he can exercise his warrants with a total cost of 0.4+0.3 = 0.7 in 2021. Not to mention NH entry price is even higher. If the big holders are sitting on paper loss, why worry then. Unless u r a short term trader, then yes u should be worried. For those shorting it, no issue at all.

Those who bought above 10.50 now are trapped. Better hope that the shark doesn't sell it down further next week or any bad news come out during weekend.

See how s the closing price first

Top Glove quarter is 31st August and results only will announce in October. The yoyo is for this month.

Ok, done. I have taken my profits. Last time missed it at 10.70 and I have to wait for 3 weeks and lost the opportunity to buy back low as capital been locked in. All the best to the rest. I'm not confident on top glove to break 10.70 due to impending court hearing on 24th August. 2 weeks time for the shark to play yoyo with the retailers

Don't be happy first. It must break 10.7 else back to 10.3 next week and then back to 10 before the court hearing in Singapore for another few weeks.

no momentum already after 3 days. Mostly will back to 10.30++ if today no breaking 10.70. Next, have to wait for Singapore hearing.

China and HK markets have been on correction since then but KLCI trend opposite way except for Top Glove. Top Glove is following the overall world market n not KLCI.

Btw, if China going to respond aggressively towards Trump tariff threats this weekend, I dont think the institution can support the market anymore next Monday or so. Unsure how much they have spent just to pump up the market since July 7.

KLCI has been manipulated prior to GE14 and after GE14. It's being supported by local statutory institutions and over valuing the market. It's actually very unhealthy to the market. You are paying for something that wont be able to generate the return for the risk you are taking. In the long run, it would affect the returns of these institutions.(e,g. lower return from EPF, Khazanah, PNB, Tabung Haji, etc) PH government wont have any concerns on these as GE15 is still 4.5 years away. By declaring lower dividends in 2018, 2019 and 2020 are acceptable political risks to PH.

Today market is so slow by just monitoring the KLCI index.

if you only have 30k cash, you only can buy like 30 lot shares. and each transaction you can earn like RM120x3 = RM360 if you buy at 9.98 and sell at 10.10. Unless you have 100k, then you may earn more for each round for such play.

Drop drop drop each day. This Adventa legal case is really killing off Top Glove. Should top glove made 600 million impairment in October, it would be really gap gap down by then.

Pushing up little by little at 4:50pm. No chance for daily traders to make money.

Court just rejected the mareva application not the overall arbitration. That still under proceeding and could take years to complete. Unless Adventa willing to settle it out of court. There could be reason on why Top Glove prefers to put this case in court

In Malaysia, usually the upper court would overturn the high court ruling just like what happened with Chatime and Tea Live.

High court rejected the application and Top Glove would appeal the decision.

what party? got party? I dont even see any party.I only see zig zag line from 9.90 to 10.02 for the last 1.5 hour

Courts ruling where got internal news. Unless u are saying that they judge will tell the bosses first. The only thing is they may not announce it to bursa that fast. Unless we sit in the court and listen to the decision, we only can wait for the news to be released to the market. Anyone know what time the court will make the ruling?

all depends on Monday court decision. RM11 or RM9 for next week. Just wait and see.

If the court rules in favor of Top Glove, you wont get cheaper. Only get cheaper if not in favor but the counter price has factored most of this in. Since it has dropped from 12++ to 10.1 now.

I dont think can go back to 10.30 today looking at the uncertainty of the ruling on Monday as well as today is Friday which usually ppl will take profit or cut loss due to weekends uncertainty.