[Forwarded from Tradeview Public Channel (Tradeview)]
Tradeview Commentaries (1st Feb 21) - Why GameStop’s Phenomenon Resonate with Malaysia’s Glove Retail Investors Part 2

In the past year, retail investors participation in stock market globally like US, South Korea were at record highs. This is largely due to the prolonged Covid-19 lockdown and flood of liquidity expanding the money supply in the economy (M3).

Locally, in 2020, foreign funds outflow from KLCI ballooned to RM25 billion. On the contrary, Retail investors were net buyers at RM14 billion and local funds at RM11 billion. Hence, it can be concluded it was retail investors who supported KLCI. As a result, Bursa is on track to deliver record profits for FY20/21 due to record high retail participation, so are the IBs and other brokerage firms. Active retail participation is a boon for the stock market. If social media changes the landscape and levels the playing field between retail investors and institutions, it should be welcomed. Of course some level of oversight is a must to prevent abuse however the same can be said towards the conduct of the Foreign IB whose research report was a sales piece to pitch to institutions to capitalise on RSS ban lifting in KLCI to short the 3 glove stocks. If Regulators intend to clamp down on retail investors, equal scrutiny should be accorded to those questionable IB’s analysis.

Irrationality in the stock market swings both ways and over time it will normalise. A fundamentally sound stock will not go down indefinitely. When the buying volume and momentum outweigh selling, the share price goes up and vice-versa. The point to note, however, it is important for funds to come in to support for share price ascension. For glove stocks, it has been punished irrationally and retailers banding together can be seen as a reactionary market forces.

Indeed, the circumstances of GameStop vs Gloves stocks while sharing a common distaste for shorters, the substance is different. Unlike GameStop, the Glove stocks are undervalued, delivering continuous record profits and good dividend yields. The demand won’t disappear overnight just as when I repeatedly said the vaccine announcements won’t eradicate Covid-19 instantly. 3 months since Pfizer / Moderna announcement, globally and Malaysia is in a much worst state than 1 year ago. For those who choose to ignore the supernormal profit of glove stocks, please reassess your valuation model impartially. This is not the same where a company disposes their core business and net a huge windfall, declare one-off dividend and is left without a profitable business the next year. How many times have we seen the glove stocks grow post pandemics (H1N1, SARS)?

I understand valuation is subjective. The argument can go on indefinitely. So let’s leave it as that. I am just a blogger and a retail investor. In my years writing, I have always put the interests of my readers and retail investors close to my heart. It pains me to see many subjected to losses resulting from “pump & dump” operations. This means I would not write on companies or sectors which I deem risky, questionable or fundamentally weak.

I would like to take this opportunity to share my honest view on the “Glove Movement” with retail investors.

1. Do not invest in glove stocks if you don’t believe in the fundamentals and not willing or able to hold for the long term.

2. Do not get carried away, caught up in the hype and be emotional. No point using hard earned money to spite anyone, be it IBs or shorters. They don’t care about you, only their books.

3. Do not use margin to invest in stocks, only excess cash. Invest within your means at all times (regulators can clamp down, banks can impose margin caps anytime)

4. Avoid structured warrants, derivative products especially if you have no knowledge.

The stock market will keep evolving with the advancement of technology. Retail investors, looking out for each other may just be a new way forward. I do not know for sure, but this is surely an experience we will all remember.

End Part 2

Source : www.tradeview.my

Yesterday ADR price for TGLVY (Top Glove Corp)
$7.15 +0.82 (12.95%)

For USD 7.15, they get 4 shares of top glove.

Current exchange rate is
1 USD = MYR 4.04

7.15 x 4.04 = Rm 28.9

Rm 28.9 / 4 = Rm 7.225 per share

Roger Hew, [31.01.21 11:29]
[Forwarded from Tradeview Public Channel (Tradeview)]
Tradeview Commentaries (30th Jan 21) - Why GameStop’s Phenomenon Resonate with Malaysia’s Glove Retail Investors Part 1

Dear all, the largest telegram group now consist of over 42,000 members. Since the “Glove Movement” started 4 days ago, it spread like wildfire capturing people’s attention. Notable experts, regulators, pundits, prominent investors have weighed in over the weekend on this phenomenon which was largely inspired by the GameStop rally in Wall Street.

Many were quick to distinguish the GameStop, AMC stocks and the Gloves stocks in Bursa pointing out a short squeeze would not happen in Bursa due to the 4% RSS limit, glove stocks are not oversold up to 140% and robust regulations in Malaysia. I do agree that a short squeeze like GameStop will not happen for the Glove stocks in Bursa.

However, those who assume retail investors are naive and this is just a elaborate ploy of some unscrupulous “Gurus” manipulating social media to start a “pump & dump” operations failed to recognise a crucial underlying issue. Why did GameStop resonate with Malaysia’s investors?

If you look at the largest telegram group, people from all walks of life are there, from VVIPs to students, all banding together for the Glove sector. It was an organic movement with no leaders. Hence, it is not right to brand and undermine those who participated in the group as manipulators.

In my humble view, the common denominator is that retail investors share a strong distaste towards the short selling facilitated by some IB towards the Glove stocks. To be fair, whether Permitted Short Selling, RSS or IDSS are actually healthy for a vibrant stock market. It’s like your gastro system which flush out the bad elements to ensure your body is healthy. However, too much, too sudden or extreme cases, it cause a severe reaction. In this case, the short selling was not conducted towards a struggling company with weak fundamentals. It was towards fundamentally sound glove companies. Shorting selling by right, should be directed towards a overvalued or fraudulent companies like Luckin Coffee, Wirecard AG.

Retail investors have found the glove stocks easy to understand, relatable and a story of entrepreneurship. Many view them as underdogs who succeed in the midsts of this economic debilitating global pandemic after years of hard work. To some, they feel a huge sense of pride to know Malaysian gloves are protecting the global population. I have not seen such unity in our increasingly fractured country since national badminton heroes competed for 4 gold medals in 2016 Olympics. Yesterday, the Government announced Malaysia recorded the largest trade surplus for December in 23 years. The Glove sector played a huge role there. In addition, even Bursa’s Chairman acknowledged if not for the 3 healthcare counters IHH, Hartalega & Top Glove, KLCI would have fallen 11% in 2020. Indeed, KLCI is one of the poorer performer in the region since 2021. This coincided with the massive selloff of glove stocks for the past 2-3 months. How did this happen?

Sure, it started with the vaccine announcement in November 2020 which led to premature optimism by the investment fraternity on economic recovery and reopening spurring profit taking. This was further exacerbated by the Foreign IB’s research report which led to facilitation of massive short selling exercise at the start of the year. Citing The Edge, in the first trading week of the new year, there were 196.19 million shares worth RM1.09 billion shorted during that week. An old timer in the investing fraternity said he has never seen such weight of money being put on the table before this on Bursa. The short selling volume accounted for 56% of the week’s total volume. It did not end there and today Top Glove, Kossan & Hartalega are the 3 most shorted stocks in Bursa. Coincidently, these 3 stocks were sell calls with ludicrous TP in the Foreign IB’s report. Therefore, it would appear the Glove Movement in Malaysia is not about manipulating the market but a reactionary force.

End Part 1

Source : www.tradeview.my

JPM is spinning lies to short the market. pressing down share prices to unrealistic values. now with increase in case and no signs of easing gloves demand will sustain for another 4Q.

RSS targeting PBB to hedge their potential losses in RSS shorts sales Gloves counters. esp TopGlove

Some rules to take note
1. Do not SELL
2. BUY and HOLD tight tight like your mistress
3. Do not use CONTRA or MARGIN , DO NOT USE CONTRA and MARGIN. DO NOT USE CONTRA and MARGIN.
4. If Cash is limited just buy 1 Lot, Don't borrow to buy
5. Do not buy Put Warrant
6. It's a long journey, don't get scare when the share price go down. It could be those who stuck earlier leave or shorty trying to scare us
7. Make sure you have more than 1 Trading Platform, IB will joined forces too like what happen with WSB.

骗钱导师讲:今天是割韭菜，散户进去大户出来

halo，你不给星期二再起，星期三再起，星期四再起？如果再起了听你说进去FIFO? 这么厉害你自己去投资赚钱了，不要收学生赚钱讲天下没有免费的午餐。手套股的价格本来就是再低点了。去到7.5都是undervalue bro... 难道又要人家9块钱冲进去value investment?

我已经ss了那些讲这种仙家话的老师了。反正他们也是骗钱的，投资者要小心才是

这里是集合了正能量。有正能量，股价正面的冲。加油各位。公司加油

股价会攀升在430分大家冲进去给他收高高，星期二开高高！heng ah ong ah huat ah.

我的TG从亏到赚，都是因为你们。空头大败之前我不卖，大不了放一年赚利息。

After 4.30pm start to buy . All in

Secret to beat RSS:
DONT USED *MARGIN or CONTRA*
CASH AND HOLD ONLY!

RSS got an eyes for those who used MARGIN @ CONTRA, and when you used MARGIN @ CONTRA, they will trapped you!

We want RSS vomit out the 2.9% they short, and when they do that, it is our rewards time!!!!!

Topglove RSS average buy cost 5.73

Topglove RSS average buy cost 5.73

They are losing RM111,888,812.00 on Wednesday close price.

Left 1% for them to short sell and their 4% will be up and they need to buy back to close their position if price don't move below their average buy cost of 5.73. They can't afford to pay interest and wait.

我们越买它们越怕❗️我们不卖它们更慌❗️ 买就对了，今天怎样买都便宜，收着拿老板给的大红包❗️❗️❗️

Like what we did back in1998 to fix 3.8RM to 1USD, burned the punters and curse Tm as PM then. Hahaha....

Today closed volume at 25.085 million shares change hands .....

Dialog hit RM3.00 today and closed aat RM3.03. Anyone manage to collect at the very low today?

epf will buy and sell everyday. next will buy back b4 dividend entitlements dates.

https://www.cbsnews.com/news/nitrile-glove-shortage-covid-19-vaccine-60-minutes-2020-12-06/

https://www.cbsnews.com/news/nitrile-glove-shortage-covid-19-vaccine-60-minutes-2020-12-06/

Our safest bet are still on Healthcare stocks for the time being... agree?

Due to the 3rd wave of Pandemic, so many empty vacated units was handed over without tenants.... still have many unsold units in the rise.. . defaulters on property purchases in the coming months.... how to buy property construction stocks now?

buy @ 2.00 .....2.35 now.. waiting .... gogogo 2.50 cash out!!!

sold @0.85 cents

A case of coronavirus reinfection shows the complexities of the pandemic.

Antivirus: A weekly digest of the latest COVID-19 research
The scary thing finally happened: someone caught the coronavirus twice and got sicker the second time around.

A 25-year-old man in Nevada got COVID-19 in March, got better in April, and got sick again in May. He had worse symptoms on the second bout, bad enough that he had to be hospitalized.

Three other cases of confirmed reinfection were also reported this week: one in Hong Kong (the first documented case) and two in Europe.

These don’t necessarily make me any more worried about our vaccine prospects, though, and they don’t mean the pandemic will go on forever.

We have four documented cases of reinfection. But that’s out of the 24 million cases of this disease so far, and rare shit happens. Most experts expected that we’d see at least a few.

For months, there have been occasional, anecdotal reports of people testing positive for COVID-19 twice. None of those were proven to be reinfections.

For most of those people, the second test probably picked up residual, dead virus that was still floating around in people’s noses and throats after their first infection.

In these reinfection cases, though, researchers actually analyzed the virus from the first time the people got sick and compared it to the virus from the second time they got sick.

In each case, the two viruses had slightly different genetic sequences, showing that the second positive tests weren’t just leftover virus.

Here’s the other important thing: in the Hong Kong case, the second infection caused no symptoms at all. That means his immune system probably recognized the virus from the first infection and kept it in check.

We don’t know why that didn’t happen for the man in Nevada. He wasn’t tested for antibodies the first time he got sick, so it’s possible that he just didn’t make any. That’s the more encouraging option.

The other possibility is that he had antibodies, but they made the infection worse (it happens with other viruses, like dengue).

Nicole Wetsman. Aug 29, 2020. 10.00am.

CoolJay, seems you were trapped in Supermx & Harta at their peaks, try average down by collecting more and let go when times are right to harvest!! have faith on Gloves till mid next year... see how..

How to follow EPF??????


see EPF transactions:

EMPLOYEES PROVIDENT FUND BOARD
07-Aug-2020 Acquired 200,300

EMPLOYEES PROVIDENT FUND BOARD
07-Aug-2020 Acquired 116,500

EMPLOYEES PROVIDENT FUND BOARD
07-Aug-2020 Acquired 70,000

EMPLOYEES PROVIDENT FUND BOARD
07-Aug-2020 Acquired 53,900

EMPLOYEES PROVIDENT FUND BOARD
07-Aug-2020 Disposed 452,600

EMPLOYEES PROVIDENT FUND BOARD
07-Aug-2020 Disposed 426,900

EMPLOYEES PROVIDENT FUND BOARD
06-Aug-2020 Acquired 800,000

EMPLOYEES PROVIDENT FUND BOARD
06-Aug-2020 Acquired 116,500

EMPLOYEES PROVIDENT FUND BOARD
06-Aug-2020 Acquired 50,000

EMPLOYEES PROVIDENT FUND BOARD
06-Aug-2020 Disposed 400,000

CoolJay collect more to average down, let go when times come...goodluck!!

Glove will rebound till mid next year even if vaccine is tested effective now!! it takes time to mass produce and push in market!!

EMPLOYEES PROVIDENT FUND BOARD
Company [TOPGLOV]: TOP GLOVE CORP BHD
Name EMPLOYEES PROVIDENT FUND BOARD
Nationality Malaysia
Role Shareholder

Shareholding
Direct (units) 0
Direct (%) 0.00%
Indirect (units) 0
Indirect (%) 0.00%
Total (units) 0
Total (%) 0.00%
Date of Notice 07-Apr-2020

EPF not enjoy the price hike in topglove from April till August 2020

As of 12 Aug 2020.

TAN SRI DR LIM WEE CHAI hold:
Direct (units) 695,692,952
Direct (%) 25.70%
Indirect (units) 233,843,316
Indirect (%) 8.64%
Total (units) 929,536,268
Total (%) 34.34%
Date of Notice 12-Aug-2020

PUAN SRI TONG SIEW BEE hold:

Direct (units) 7,430,392
Direct (%) 0.28%
Indirect (units) 922,105,876
Indirect (%) 34.07%
Total (units) 929,536,268
Total (%) 34.35%
Date of Notice 12-Aug-2020

MR LIM HOOI SIN hold:
Direct (units) 40,553,748
Direct (%) 1.50%
Indirect (units) 888,812,120
Indirect (%) 32.84%
Total (units) 929,365,868
Total (%) 34.34%
Date of Notice 12-Aug-2020

MR LIM JIN FENG hold:
Direct (units) 170,400
Direct (%) 0.01%
Indirect (units) 888,812,120
Indirect (%) 32.84%
Total (units) 888,982,520
Total (%) 32.85%
Date of Notice 12-Aug-2020

FIRSTWAY UNITED CORP
Direct (units) 184,888,776
Direct (%) 6.83%
Indirect (units) 0
Indirect (%) 0.00%
Total (units) 184,888,776
Total (%) 6.83%
Date of Notice 12-Aug-2020

current shares in Harta.
Direct (units) 167,555,100
Direct (%) 4.96%
Indirect (units)
0
Indirect (%)
0.00%
Total (units) 167,555,100
Total (%) 4.96%
Date of Notice
23-Jan-2020
-------------------

In Topglove
Direct (units) 186,653,422
Direct (%) 7.29
Indirect (units)
0
Indirect (%)
0.00
Total (units) 186,653,422
Total (%) 7.29
Date of Notice
07-Aug-2019

universeck EPF is no longer a substantial shareholder of Harta and is not obliged to file disclosure. That's why you don't see EPF selling coz likely all sold off.

https://www.theedgemarkets.com/article/epf-exits-top-glove-hartalega-s...
-------
old news.....
April 14, 2020 15:14 pm +08

Today Vol 43.68mil, shres, 3.21% change hands....

Today volume 30.1 mil shares, 1.11 % change hands...

Today volume is 12.76mil shares. less than 0.37 % changed hands. many people still holds.....

Want Huat! Huat! Huat!!

Thank you panic sellers...... I am collectiong at 18.90 -19.20 ... Tomorrow break RM20.00... Huuray!!!!

bullet finished collecting Topgloves.... Thank you panic sellers!!!

Now 24.62... Buy topglov! gogogo!.....
PBB lowest TP 26.70.....
Sure to Rebound be fore closing....

Now 24.62... Buy topglov! gogogo!.....
PBB lowest TP 26.70.....
Sure to Rebound be fore closing....

Buy low now at 16.94.... sell 6 months later.... at above 26.00+++ based on Kenagga TPs...
chong AAahhhh!!!!

Announcement today,11th Aug2020, said the 3 substantial shareholders disposeed a total of 36mil shares on 6th & 7th Aug2020 last week. 36/475= -7.58% in 2 days.

What's going on?

vaccine stocks - unproven and short-live effective results, still on testing. long way on big scale production. stock prices not sustainable for the time being.
gloves - tp 4 can easily go up as TP is almost 2x, 3x current price. small players beware...

@idkdontaskmelol , thanks. I read that for cw, after bonus issue, only ex-value adjusted but not the ratio. so I try to confim the final calculation of right warrent price after bonus ex-date.

both Ex-value and ratio will be adjusted. thanks.

hope to get answers for CW cases after bonus issue.

example :


Ex value =12.88
Ex ratio =10:1
premium =8.0

(b4 bonus ex date) supermex-c99 = 1.25
M-share =17.34
after (bonus 1:1 ex-date), M-share = 8.67

if,
supermex-c99 = 1.25
Ex value =12.88/2 = 6.44
Ex ratio =10:1
premium (after bonus ex date) = 10.27

Am I right in calculating the call warrant as above?

@TGbee just put the stocks into your portfolios folder and it wll pdate ttself in a intervals, you may see latest prices as you update the pages manually.

https://www.investing.com/news/coronavirus/swiftly-waning-covid19-immunity-poses-vaccination-challenge-2229057
LONDON (Reuters) - Emerging evidence that the body's immune defence against COVID-19 may be short-lived makes it even harder for vaccine developers to come up with shots fully able to protect people in future waves of infection, scientists said on Tuesday.
Preliminary studies in China, Germany, Britain and elsewhere have found that patients infected with the novel coronavirus make protective antibodies as part of their immune system's defences, but these appear to last only a few months.
"Most people make them (antibodies), but often they can wane rather rapidly, suggesting there could be little immunity," said Daniel Altmann, a professor of immunology at Imperial College London.
That raises big problems for developers of potential COVID-19 vaccines, experts say - and for public health authorities seeking to deploy them to protect populations from future waves of the pandemic.
"It does mean that the over-reliance on a vaccine (to control the pandemic) is not wise," said Stephen Griffin, a Leeds University associate professor of medicine.
To be truly effective, COVID-19 vaccines "will either need to generate stronger and longer lasting protection ... or they may need to be given regularly", he said.
|
|
|
Griffin said one approach could be that when viable vaccines are developed, authorities should reckon with getting booster shots to millions of people at regular intervals, or even combining two or more types of vaccine in each person to elicit the best possible protection.
Practically, however, that presents a vast challenge. "Giving the entire world even one dose of a vaccine is one thing," he said. "Giving them multiple doses is quite a

Facts to note:
Even with available of vaccine, it may only short lives. PPE still required for protections, just in case if the vaccines do not work anymore on everone..

Thanks @smallkid91 & @super_newbie, will take your advice to explore. as I see buy put warrants when expect coming Bear market. Right? only thing is dunno the right one to hedge. thanks.

Hope you guys can help me to understand put warrent SPERMX-HB.
Iknow how the call warrent works, but put warrent a bit confused.

CURRENT PRICE = 0.165
Ex. Value = 5.0
Ex. Ratio = 20:1
M-Share = 15.04

How to calculate the warrent value in relation to M-share? Pemium? Gearing?

what will be in the money condition if matured?

Thanks.

LONDON (Reuters) - Emerging evidence that the body's immune defence against COVID-19 may be short-lived makes it even harder for vaccine developers to come up with shots fully able to protect people in future waves of infection, scientists said on Tuesday.

LONDON (Reuters) - Emerging evidence that the body's immune defence against COVID-19 may be short-lived makes it even harder for vaccine developers to come up with shots fully able to protect people in future waves of infection, scientists said on Tuesday.

LONDON (Reuters) - Emerging evidence that the body's immune defence against COVID-19 may be short-lived makes it even harder for vaccine developers to come up with shots fully able to protect people in future waves of infection, scientists said on Tuesday.