Steel stocks have been extremely bullish recently.

Today LSTEEL is up 33%

Today LSTEEL is up 33%

Steel stocks are extremely bullish.

Steel stocks have bben very bullish recently.

KLCI finishes down 44.88 points after final-hour dive
https://www.theedgemarkets.com/article/fbm-klci-dives-4488-points-finalhour-trade

The steel sector revived. Start buying steel stocks!

LEONFB +20.27%
ANNJOO + 12.03%
SSTEEL +12.26%
LIONIND + 11.86%

Start buying steel stocks!

LEONFB +20.27%
ANNJOO + 12.03%
SSTEEL +12.26%
LIONIND + 11.86%

[KOBAY] First and Final Dividend on 26-Nov-2020

In a live-streamed press conference today, Top Glove executive director Lim Cheong Guan said that about 3,000 cases out of the 4,036 reported from the cluster were from their factories and hostels, with the remainder being from other factories.

https://www.freemalaysiatoday.com/category/nation/2020/11/25/not-all-covid-19-cases-from-teratai-cluster-are-our-staff-says-top-glove/

What if higher taxes will be impised on glove manufacturers?

Gold Extends Drop on Vaccine, Signs of Improving U.S. Economy
https://www.bloomberg.com/news/articles/2020-11-23/gold-steadies-as-investors-weigh-vaccine-progress-rising-cases

Gold Extends Drop on Vaccine, Signs of Improving U.S. Economy
https://www.bloomberg.com/news/articles/2020-11-23/gold-steadies-as-investors-weigh-vaccine-progress-rising-cases

Pfizer, Moderna COVID-19 vaccines may be ready for U.S. authorization within weeks: U.S. official
https://www.reuters.com/article/health-coronavirus-warpspeed-idUSFWN2I40R2

Vaccine boss suggests ‘return to normal life’ by second half of 2021
https://www.peeblesshirenews.com/news/national-news/18883993.vaccine-boss-suggests-return-normal-life-second-half-2021/

KESM Industries Bhd - Deferred Recovery
Author: kiasutrader | Publish date: Wed, 10 Jun 2020, 9:11 AM

Post conference call, we learnt that the subsequent quarter will remain weak due to low plant utilisation rate while labour cost remains unchanged. Uptick will only happen at end of CY20 when new products for ADAS and LiDAR kick in.
https://klse.i3investor.com/blogs/kenangaresearch/2020-06-10-story-h1508702537-KESM_Industries_Bhd_Deferred_Recovery.jsp

Uptick to happen towards end of 2020. The group is currently discussing with existing automotive customers on new product introduction and device modification. This includes burn-in and testing services for components that will be used for advanced driver-assistance systems (ADAS), Tyre Pressure Monitoring System (TPMS) and Light Detection and Ranging (LiDAR) systems. However, meaningful contribution from these new products will only be noticeable towards the end of CY20.

"We upgrade the stock from Reduce to Hold with a higher RM10.80 target price (TP), based on a higher 1.3x P/BV, in line with KESM’s 5-year historical mean in view of a recovery in automotive semiconductor demand going into CY21F,” he said.

Flash - KESM slips below RM10 after reporting 1Q profit drop https://www.theedgemarkets.com/article/kesm-slips-below-rm10-after-reporting-1q-profit-drop (

Net profit up 114.88% QoQ

With possible vaccine on the horizon, US is likely in 'last big surge' of the Covid-19 pandemic's toughest phase
By Christina Maxouris, CNN

Updated 1141 GMT (1941 HKT) November 18, 2020

China has five COVID-19 vaccines in phase III clinical trials
https://www.shine.cn/news/nation/2011180073/

With possible vaccine on the horizon, US is likely in 'last big surge' of the Covid-19 pandemic's toughest phase
https://www.cnn.com/2020/11/18/health/us-coronavirus-wednesday/index.html

Pfizer says final data analysis shows Covid vaccine is 95% effective, plans to submit to FDA in days
https://www.cnbc.com/2020/11/18/coronavirus-pfizer-vaccine-is-95percent-effective-plans-to-submit-to-fda-in-days.html

Pfizer-BioNTech to seek Covid-19 vaccine approval 'within days' as trial shows 95 percent efficacy
https://www.nbcnews.com/health/health-news/pfizer-biontech-seek-covid-19-vaccine-approval-within-days-trial-n1248079

Everyone wants to sell the stock at a higher price. That is why ...

dead cat bounce?

TOP GLOVE ADR

https://www.marketwatch.com/investing/stock/tglvy

Superior Covid-19 Vaccine Makes Moderna Stock a Buy, Say Analysts
https://finance.yahoo.com/news/superior-covid-19-vaccine-makes-225602806.html

EMCO at Top Glove dormitories: 3,550 workers to undergo Covid-19 tests
https://www.malaymail.com/news/malaysia/2020/11/17/emco-at-top-glove-dormitories-3550-workers-to-undergo-covid-19-tests/1923544

UK secured 5 million doses of Moderna's COVID-19 vaccine candidate: Health Minister

Things to consider further

1 drop of glove prices
2 increase of competitors

EMCO + Moderna ?

U.S. Markets Rally on Positive Vaccine News From Moderna

Small cap stocks finally broke through to new records on Friday and continued that trend today. They have less exposure to the global economy than large caps, so when they are trending higher, it's a good sign that the belief in the recovery rally is strong.

The Moderna coronavirus vaccine data comes from the biotech's interim analysis of its final-stage trial. It comes one week after Pfizer
and BioNTech announced that their Covid vaccine is over 90% effective. Crucially, the Moderna coronavirus vaccine can be stored at normal refrigeration temperatures for weeks, while the Pfizer/BioNTech vaccine must be kept at ultra-low temperatures, complicating storage and distribution

China industrial production rose 6.9% in October vs. a year earlier, steady with September better than expected. Retail sales climbed 4.3%, up from September.

The Moderna coronavirus vaccine data comes from the biotech's interim analysis of its final-stage trial. It comes one week after Pfizer and BioNTech announced that their Covid vaccine is over 90% effective. Crucially, the Moderna coronavirus vaccine can be stored at normal refrigeration temperatures for weeks, while the Pfizer/BioNTech vaccine must be kept at ultra-low temperatures, complicating storage and distribution.

You should avoid buying any defensive stocks like glove ones when the market is bullish

Dow opens near 30,000 after Moderna vaccine update
https://asia.nikkei.com/Business/Markets/Dow-opens-near-30-000-after-Moderna-vaccine-update

Moderna's coronavirus vaccine is 94.5% effective, according to company data

Early Data Show Moderna’s Coronavirus Vaccine Is 94.5% Effective
https://www.nytimes.com/2020/11/16/health/Covid-moderna-vaccine.html

FMM: RCEP to contribute significantly to Malaysian companies
https://www.malaymail.com/news/money/2020/11/16/fmm-rcep-to-contribute-significantly-to-malaysian-companies/1923149

HSBC Malaysia: RCEP may be a tonic for Asia to recover from Covid-19 impact https://www.theedgemarkets.com/article/hsbc-malaysia-rcep-may-be-tonic-asia-recover-covid19-impact

There are 16 countries involved in RCEP: the 10 members of ASEAN—Brunei-Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam plus the six countries with which ASEAN has free trade agreements—Australia, China, India, Japan, Korea, and New Zealand.

World’s biggest free trade pact signed after 8 years


https://www.freemalaysiatoday.com/category/nation/2020/11/15/rcep-finally-inked-after-8-years-of-negotiations/

“Service providers, including (those engaged in) e-commerce, will be able to enjoy greater market access in terms of cross-border supply and establishing a commercial presence in the RCEP markets, he said.

More and more Chinese companies might introduce Kronologi EDM due to obvious reasons, say, their reasonable price and the fact that the big name introduced their EDM to the company.

Topglove adr
https://www.marketwatch.com/investing/stock/tglvy

EU to buy up to 300 million doses of Pfizer-BioNTech vaccine
https://mainichi.jp/english/articles/20201111/p2g/00m/0bu/043000c

Glove counters are likely to move along with assets like gold near future. They will be bullish when the economy is not good. They will be bearish when the economy is good. That means the KLCI and Supermax will move in the opposite directions near future.

Top Glove Corporation Bhd ADR
https://www.investing.com/equities/top-glove-adr

No rebound yet

Top Glove Corporation Bhd ADR
https://www.investing.com/equities/top-glove-adr

China Car Sales Keep on Trucking in Pandemic Recovery
Sales increased 8% in October from a year earlier
https://www.wsj.com/articles/china-car-sales-keep-on-trucking-in-pandemic-recovery-11604924127

RIVERSTONE

https://www.riverstone.com.my/

https://sg.finance.yahoo.com/quote/AP4.SI/