Don’t fight against the global trend and most importantly FED R!
This is macro trend

Don't fight with the Company, KWSP and KWAP (Whales)
This is micro trend

@ToneeFa I believe Stanley will divert the 3.7b cash in hand into other new bizs. No point to build factories in US now with the ban. Just putting the cash in some financial instruments will make around RM 100 mil p.a oredi. This ban could be a blessing in disguise. Its time to explore other viable recovery biz rather than to further commit into gloves. The doubling up to 48b capacity by end 2022 is good enough as far as glove biz is concerned.

Absolutely agreed. No point to put all eggs in one basket.

@The moment Malaysia prints money for capital expenditure.....One Kampong Chicken will cost
about RM300,000....Devaluing currency will attract EU & USA economic sanctions. DonT know
what is the End Game

Glove company save life & save Malaysia economy by paying more tax.

hohoho...

Oh palantir. A deep state governing company.

@titan3322 Aiyah this CPB of US always want to find faults with TG one moment they say workers accomodation is not desired next they say TG employed prisoners to work and then forced labour next they may say TG employ underaged worker bcoz one bangla worker wrongly filled up the form and next they will say TG employ monkeys to carry boxes to the truck hehe


See how US exploited prisoners to fight wild fire below. They were paid as little as USD1 per hour only regardless of endangered themselves to save life & properties. Fxxk CPB of US.

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour-to-fight-wildfires.html

@stockraider I do not think USA intension is to punish topgloves bcos of china.

I remember at one time few years back, our Prison Dept wants to give opportunity to some prisoner to work as a form of rehabilitations, topgloves out of good intension to help out, join the scheme by providing some work in topgloves mah


The intention is good. It will help the prisoners back to the society after their prison term ending.

BTW, see how US exploited prisoners to fight wild fire below. They were paid USD1 per hour only regardless of endangered themselves to save life & properties.

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour-to-fight-wildfires.html

Using convicts to produce glove??

Before pointing fingers to others, look to yourselves first.
Moreover, the convicts were endangered themselves to save american's life & properties, yet their pay was so little...

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour-to-fight-wildfires.html

Using convict to produce glove?

Don't point fingers to others before looking to yourselves.
Moreover, the convict endangered themselves to save American life & properties, but yet the pay was so little. WAF.

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour-to-fight-wildfires.html

Using convict to produce glove?

Don't point fingers to others before looking to yourselves.
Moreover, the convict endangered themselves to save American life & properties, but yet the pay was so little. WAF.

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour-to-fight-wildfires.html

@i3lurker US logic is simple,
convict labour is deemed automatically as forced labour because wardens are more powerful and convicts cannot bargain/negotiate fairly to protect themselves

Really? Read the below news.

Moreover, they endangered themselves to save life & properties, but yet the pay was so little.

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour-to-fight-wildfires.html

@Ben Tan, Thank you for your reply.

@Ben Tan, Thank you for the analysis.

Is it legal for short-seller to buy shares via off-market deals?

In fact most of the glove call warrant that released after June 2020 are having high exercise price & conversation ratio. If gloves price not moving up, how IBs making money from CW?

In fact most of the glove call warrant that released after June 2020 are having high exercise price & conversation ratio. If gloves price not moving up, how IBs making money from CW?

Why TG & Harta still among their top 10 pick in JF M Malaysia fund ?

Check it out from below link.
https://www.bloomberg.com/quote/JFMALAI:HK

Think wisely.

@ming0107 Most Analysts/Fund Managers are highly-paid animals - from 5-6-figure monthly salaries - and they are all beholden to the companies they worked for. JPM's initial "classic" TP of 3.50 for TG was 2-pages of verbal diahorrea - they claimed they used their "proprietary" technical analysis tools - but Nothing appeared in these 2 pages - no technical analysis, charts, diagrams! A follow-up says No Masks needed for frontliners! Tell that to our frontliner heroes, and see where he ends up!At last count, some 20+ Local Analysts give us an Average TP of 12.65 - against JPM 3.50. Who you believe?


Why TG & Harta still among their top 10 pick in JF M Malaysia fund ?

Check it out from below link.
https://www.bloomberg.com/quote/JFMALAI:HK

Think wisely.

@GoodBoy RSS sold volumes for today from 9:00 am to 11:10 am ... Kossan 0 shares, Hartalega 0 shares, SuperMax 500,000 shares, TopGlove 1,258,000 shares ...

Good. Let them short...kikiki...kikiki...kikiki

@GoodBoy RSS sold volumes for today from 9:00 am to 11:10 am ... Kossan 0 shares, Hartalega 0 shares, SuperMax 500,000 shares, TopGlove 1,258,000 shares ...

Good. Let them short...kikiki

Why sell your gloves shares while JP M still die die hold TG & Harta as their top pick in JF M Malaysia fund ?

Check it out from below link.
https://www.bloomberg.com/quote/JFMALAI:HK

Why sell your gloves shares while JP M still die die hold TG & Harta as their top pick in their JF M Malaysia fund ?

Check it out from below link.
https://www.bloomberg.com/quote/JFMALAI:HK

Why sell your gloves shares while JP M still die die hold TG & Harta as their top pick in their JF M Malaysia fund ?

Check it out from below link.
https://www.bloomberg.com/quote/JFMALAI:HK

Buy order input done....

Buy order input done....

Why sell your gloves shares while JP M still die die hold TG & Harta as their top pick in their JF M Malaysia fund ?

Check it out from below link.
https://www.bloomberg.com/quote/JFMALAI:HK

Why sell your gloves shares while JP M still die die hold TG & Harta as their top pick in their JF M Malaysia fund ?

https://www.bloomberg.com/quote/JFMALAI:HK

Harta announced 9.65 sen of dividend ex-date on 9/Feb.

As on end of 21/1, Net short sell of Harta is 46mil shares.
If shorties don't buy back before 9/Feb, shorties have to pay lenders
total 46mil x 9.65 sen = 4.4 mil

8 days for shorties to buy back if they don't want to pay dividend from their own pocket

Harta announced 9.65 sen of dividend ex-date on 9/Feb.

As on end of 21/1, Net short sell of Harta is 46mil shares.
If shorties don't buy back before 9/Feb, shorties have to pay lenders
total 46mil x 9.65 sen = 4.4 mil

Wow..nice. RM.6.92 now.

Supermax will be the greatest beneficiary with the move of incentivize “Made in America”.
as Supermax in progress of setting up PPE manufacturing plant in the state of Delaware in US.
Brilliant move by Dato’ Seri Stanley Thai.

A letter signed by a number of US Senators from the Democratic Party to President Biden regarding utilizing to the fullest the authorities given to him under the Defense Production Act.

In the letter they greatly emphasized the urgent needs of nitrile gloves & call to incentivize “Made in America”

You can read the letter below

https://www.vanhollen.senate.gov/news/press-releases/van-hollen-senat

A letter signed by a number of US Senators from the Democratic Party to President Biden regarding utilizing to the fullest the authorities given to him under the Defense Production Act.

In the letter they greatly emphasized the urgent needs of nitrile gloves & call to incentivize “Made in America”

Supermax will be the greatest beneficiary with the move of incentivize “Made in America”.
as Supermax in progress of setting up PPE manufacturing plant in the state of Delaware in US.
Brilliant move by Dato’ Seri Stanley Thai.


You can read the letter below

https://www.vanhollen.senate.gov/news/press-releases/van-hollen-senat

A letter signed by a number of US Senators from the Democratic Party to President Biden regarding utilizing to the fullest the authorities given to him under the Defense Production Act.

In the letter they greatly emphasized the urgent needs of nitrile gloves & call to incentivize “Made in America”

Supermax will be the greatest beneficiary with the move of incentivize “Made in America”.
as Supermax in progress of setting up PPE manufacturing plant in the state of Delaware in US.
Brilliant move by Dato’ Seri Stanley Thai.


You can read the letter below

https://www.vanhollen.senate.gov/news/press-releases/van-hollen-senate...

A letter signed by a number of US Senators from the Democratic Party to President Biden regarding utilizing to the fullest the authorities given to him under the Defense Production Act.

In the letter they greatly emphasized the urgent needs of nitrile gloves & call to incentivize “Made in America”

You can read the letter below

https://www.vanhollen.senate.gov/news/press-releases/van-hollen-senate-democrats-support-biden-administration-plan-to-fully-utilize-defense-production-act-increase-supply-of-necessary-medical-equipment-and-vaccine-supplies

Ben Tan,
Thank you for d info.

金鳞岂是池中物，
一遇风云便化龙。

Ben Tan, noted. Thank for the sharing

Ben Tan, noted. Thank for the sharing.

@
BALANCE_VIEW I think my eyes got problem!

Total net short selling at close of :-

-18Jan 230,776,300 shares
-19Jan 225,776,300 shares

THIS IS SHORT SELLING OR BUYING? Or the report is wrong ???


it seemed that the Total net short selling data released is 1 day lagging behind.
Dated 19 Jan data should be the data belong to 18 Jan.

As for fun, below is the TG short sell that had been closed daily,
by calculating RSS data released by Bursa

19/Jan -5955218
18/Jan -5000000
15/Jan 0
14/Jan -32300
13/Jan 0
12/Jan 0
11/Jan -3680900
08/Jan -29100
07/Jan -10900
06/Jan 0
05/Jan -12000
04/Jan -28000

By calculating RSS data released by Bursa, below is the TG short sell that had been closed daily.


18/Jan -5000000
15/Jan 0
14/Jan -32300
13/Jan 0
12/Jan 0
11/Jan -3680900
8/Jan -29100
7/Jan -10900
6/Jan 0
5/Jan -12000
4/Jan -28000

Thank you very much for Bro. Ben Tan. Thanks for all the hard work.

4/Jan
TG Open RM:6.10 Close:RM5.50
Shortist had to spend RM573.22 mil with 106mil shares to bring down TG by RM0.60
Shortist average cost was RM5.40

Up to date, shorties had spend RM1.241 bil with average selling price of RM 5.247 ( not considering some position that had been closed)

Assuming that shortist TP is RM4.247 to make RM1.00 (19%) profit.
How many shares do they need to short in order to hit the TP?
By Bursa rule maximum Net Short Position is 4%
As on 18/Jan, TG Net Short Position 2.76%.
Room for shortist is 4% - 2.76% = 1.24% = 103 mil shares
But today (20/Jan) TG closing price is RM6.14, isn’t that shortist have very limited room to push down until hitting the TP price?
Do shortist have other strategy to press down the price?

4/Jan
TG Open RM:6.10 Close:RM5.50
Shortist had to spend RM573.22 mil with 106mil shares to bring down TG by RM0.60
Shortist average cost was RM5.40

Up to date, shorties had spend RM1.241 bil with average selling price of RM 5.247 ( not considering some position that had been closed)

Assuming that shortist TP is RM4.247 to make RM1.00 (19%) profit.
How many shares do they need to short in order to hit the TP?
By Bursa rule maximum Net Short Position is 4%
As on 18/Jan, TG Net Short Position 2.76%.
Room for shortist is 4% - 2.76% = 1.24% = 103 mil shares
But today (20/Jan) TG closing price is RM6.14, isn’t that shortist have very limited room to push down until hitting the TP price?
Do shortist have other strategy to press down the price?

4/Jan
TG Open RM:6.10 Close:RM5.50
Shortist had to spend RM573.22 mil with 106mil shares to bring down TG by RM0.60
Shortist average cost was RM5.40

Up to date, shorties had spend RM1.241 bil with average selling price of RM 5.247 ( not considering some position that had been closed)

Assuming that shortist TP is RM4.247 to make RM1.00 (19%) profit.
How many shares do they need to short in order to hit the TP?
By Bursa rule maximum Net Short Position is 4%
As on 18/Jan, TG Net Short Position 2.76%.
Room for shortist is 4% - 2.76% = 1.24% = 103 mil shares
But today (20/Jan) TG closing price is RM6.14, isn’t that shortist have very limited room to push down until hitting the TP price?
Do shortist have other strategy to press down the price?

4/Jan
TG Open RM:6.10 Close:RM5.50
Shortist had to spend RM573.22 mil with 106mil shares to bring down TG by RM0.60
Shortist average cost was RM5.40

Up to date, shorties had spend RM1.241 bil with average selling price of RM 5.247 ( not considering some position that had been closed)

Assuming that shortist TP is RM4.247 to make RM1.00 (19%) profit.
How many shares do they need to short in order to hit the TP?
By Bursa rule maximum Net Short Position is 4%
As on 18/Jan, TG Net Short Position 2.76%.
Room for shortist is 4% - 2.76% = 1.24% = 103 mil shares
But today (20/Jan) TG closing price is RM6.14, isn’t that shortist have very limited room to push down until hitting the TP price?
Do shortist have other strategy to press down the price?

4/Jan
TG Open RM:6.10 Close:RM5.50
Shortist had to spend RM573.22 mil with 106mil shares to bring down TG by RM0.60
Shortist average cost was RM5.40

Up to date, shorties had spend RM1.241 bil with average selling price of RM 5.247 ( not considering some position that had been closed)

Assuming that shortist TP is RM4.247 to make RM1.00 (19%) profit.
How many shares do they need to short in order to hit the TP?
By Bursa rule maximum Net Short Position is 4%
As on 18/Jan, TG Net Short Position 2.76%.
Room for shortist is 4% - 2.76% = 1.24% = 103 mil shares
But today (20/Jan) TG closing price is RM6.14, isn’t that shortist have very limited room to push down until hitting the TP price?
Do shortist have other strategy to press down the price?

Is it a classic "short and distort" campaign????

4/Jan
Shorties short sell 106mil TG shares.
TG Share price downfall from RM6.10 to RM5.50
% of Total TG Net Short Position 1.52%

6/Jan
TG closing price RM5.76

7/Jan
“US investor in Malaysia’s Top Glove raps board of directors over worker safety” at 3:11pm
“The vote against Top Glove’s INEDs amid migrant workforce woes” at 3:21pm
“MSWG: Local institutions should emulate Blackrock’s sternness By Devanesan Evanson” at 3:23pm
“Don’t take Blackrock and Norges Bank’s rebuke lightly, groups tell Top Glove” at 3:25pm
4 desperate post within 20min hoping to press down the price
TG closing price RM5.80

8/Jan
TG closing price RM6.50
% of Total TG Net Short Position 2.62%

13/Jan
“Glove Sector - Earnings will peak in 1H2021” reported by AMInvest
“Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations”
Posted in Theedgemarkets.com
TG closing price RM6.63

17/Jan
“Canadian TV shows secret camera footage from Top Glove factory” posted in FMT

18/Jan
TG closing price 6.34
% of Total TG Net Short Position 2.76%
TG Total Net Short Position (Volume) 225mil

Is it a classic "short and distort" campaign????

4/Jan
Shorties short sell 106mil TG shares.
TG Share price downfall from RM6.10 to RM5.50
% of Total TG Net Short Position 1.52%

6/Jan
TG closing price RM5.76

7/Jan
“US investor in Malaysia’s Top Glove raps board of directors over worker safety” at 3:11pm
“The vote against Top Glove’s INEDs amid migrant workforce woes” at 3:21pm
“MSWG: Local institutions should emulate Blackrock’s sternness By Devanesan Evanson” at 3:23pm
“Don’t take Blackrock and Norges Bank’s rebuke lightly, groups tell Top Glove” at 3:25pm
4 desperate post within 20min hoping to press down the price
TG closing price RM5.80

8/Jan
TG closing price RM6.50
% of Total TG Net Short Position 2.62%

13/Jan
“Glove Sector - Earnings will peak in 1H2021” reported by AMInvest
“Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations”
Posted in Theedgemarkets.com
TG closing price RM6.63

17/Jan
“Canadian TV shows secret camera footage from Top Glove factory” posted in FMT

18/Jan
TG closing price 6.34
% of Total TG Net Short Position 2.76%
TG Total Net Short Position (Volume) 225mil

Is it a classic "short and distort" campaign????

4/Jan
Shorties short sell 106mil TG shares.
TG Share price downfall from RM6.10 to RM5.50
% of Total TG Net Short Position 1.52%

6/Jan
TG closing price RM5.76

7/Jan
“US investor in Malaysia’s Top Glove raps board of directors over worker safety” at 3:11pm
“The vote against Top Glove’s INEDs amid migrant workforce woes” at 3:21pm
“MSWG: Local institutions should emulate Blackrock’s sternness By Devanesan Evanson” at 3:23pm
“Don’t take Blackrock and Norges Bank’s rebuke lightly, groups tell Top Glove” at 3:25pm
4 desperate post within 20min hoping to press down the price
TG closing price RM5.80

8/Jan
TG closing price RM6.50
% of Total TG Net Short Position 2.62%

13/Jan
“Glove Sector - Earnings will peak in 1H2021” reported by AMInvest
“Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations”
Posted in Theedgemarkets.com
TG closing price RM6.63

17/Jan
“Canadian TV shows secret camera footage from Top Glove factory” posted in FMT

18/Jan
TG closing price 6.34
% of Total TG Net Short Position 2.76%
TG Total Net Short Position (Volume) 225mil

Is it a classic "short and distort" campaign????

4/Jan
Shorties short sell 106mil TG shares.
TG Share price downfall from RM6.10 to RM5.50
% of Total TG Net Short Position 1.52%

6/Jan
TG closing price RM5.76

7/Jan
“US investor in Malaysia’s Top Glove raps board of directors over worker safety” at 3:11pm
“The vote against Top Glove’s INEDs amid migrant workforce woes” at 3:21pm
“MSWG: Local institutions should emulate Blackrock’s sternness By Devanesan Evanson” at 3:23pm
“Don’t take Blackrock and Norges Bank’s rebuke lightly, groups tell Top Glove” at 3:25pm
4 desperate post within 20min hoping to press down the price
TG closing price RM5.80

8/Jan
TG closing price RM6.50
% of Total TG Net Short Position 2.62%

13/Jan
“Glove Sector - Earnings will peak in 1H2021” reported by AMInvest
“Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations”
Posted in Theedgemarkets.com
TG closing price RM6.63

17/Jan
“Canadian TV shows secret camera footage from Top Glove factory” posted in FMT

18/Jan
TG closing price 6.34
% of Total TG Net Short Position 2.76%
TG Total Net Short Position (Volume) 225mil

Rakuten normally lag behind 3~4 days in dividend payment

@
Despite what US say about free markets, their governments will and shall have a hand when it displeases them. But they are smart with playing the legal game to make it legitimate


@brother wkc5657. U spot on. US government actually is evil with angel face