Rubber glove export value rising. For TG's reporting quarter, Malaysia's export value rose 21% (other factors notwithstanding) https://x.com/Noneotherthanwe/status/1839702131680661997

One off due to cukai makmur. Let's see how smart money intends to trade this news

QR is today 10 May. Most likely first loss in history due mainly to cukai makmur. But they of course will create scary headlines to get retailers to sell.

Harta most likely will post first loss in its history this QR (due to cukai makmur). It will create negative headlines of course. So don't be surprised.

This is expected. Normalized back to precovid. Let all the bad news come out first...

Time to gradually buy in

Phase D wyckoff coming soon. Get your tickets before too late

Will rocket up this Friday

There is no definite date set for resumption of trading?

Politics aside guys, based on current market, DRP is best option right?

EPF gotta sell to pay i-Sinar/i-Lestari/etc

25% rise in profit

Buy and don't look back

Maybe suppress price for the first few days of the 5 day average price calculation but should go up nearer the expiry i.e. today/tomorrow. Gotta ask warrant experts but at least that's what IB does for gloves

C74 warrant ending 31 May

In bursa, bad qr = share price go up. Good qr = share price go down

Finally announced ex-date. Welcome to bank rally next week! Gloves likely to fall.

The are holding back the ex-date so that funds can continue to sell glove stock at higher price to retailers. Once ex-date set, banks will rally at the expense of gloves. So they are stretching it as far as they can..

What's the ex-date?

They are pushing up or pressing down the price?

Postponement smells like manipulation

Haha still haven't start meeting?

Lots of MBB holders selling at buyer's price today. Today still need to press down the price?

Let us know the Ex-Date TQ guys

After AGM downhill? What's the reason for that?

Sorry was not following on the DRIP dividend news. What's the expected price trend with the AGM coming on 15 April? No more going up before ex-dates?

Juicy dividend 5%

Ex-date today, relax

Yesterday went down at closing because of fund portfolio rebalancing. Top up on Monday before it goes back up.

There are no short positions on public bank https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210122.pdf

QR out on 9 Dec

There has been no SBB (share buy back) from Top Glove since Wednesday (2 Dec) last week.

*CGS-CIMB : TOPG MK, ADD, RM10 tgt px (pegged at 17x CY22 P/E)*

*Top Glove Faces Charges for Flouting Act 466*

*News link:* https://www.nst.com.my/news/crime-courts/2020/12/645775/top-glove-among-companies-face-charges-flouting-act-466

*Comments :* We understand that most of these allegations are in regards to the Act that was implemented in 1 Sept 2020. Note that, MHRD earlier highlighted that the government will adopt an educational approach until Dec-20 *(https://www.bernama.com/en/region/news.php?id=1877719)*.
Also, Msia Employers' Federation and the FMM had earlier petitioned for the implementation of this Act to be postponed given the disruptions caused by Covid-19 and financial ability for most manufacturers.

Based on our estimates, *the worst case scenario basis* suggest that 10-15% of its workers (16,500 workers) are living in over crowded dormitories. Assuming the fine is RM50k per worker, this will work out to a fine of *RM82.5-123.8m. This represents 0.8-1.2% of our current FY21 EPS forecasts*.

We believe that TOPG likely to release a press statement later today.

Calculate properly - 16 Nov EPF is nett buyer.

Pfizer shares already down 10% since announcement. They are just trying to use vaccine news to prop up recovery stocks before more bad news hit. At this stage - nothing has changed.

Glove rally tend to coincide with CMCO/MCO imposition and extensions

SC, Bursa extend temporary margin financing flexibilities to Dec 31

BY WONG EE LIN theedgemarkets.com
KUALA LUMPUR (Sept 28): The temporary relief measures relating to margin financing for equity trades have been extended to Dec 31 to maintain stability in the marketplace amid continued uncertainties arising from the Covid-19 pandemic.

The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd, in a joint statement, said flexibilities accorded under the relief measures will enable brokers to better manage their clients' margin financing facilities.

The relief measures, which took effect on March 27, were due to expire on Sept 30.

During this interim period, brokers can continue to exercise discretion whether or not to impose force selling measures on clients, and accept other types of collateral from investors such as bonds, unit trusts, gold and immovable properties for purposes of margin financing, said SC and Bursa.

Previously, brokers were required to automatically liquidate their clients' margin accounts if the equity value in those accounts fell below 130% of the outstanding balance.

"These temporary measures are subject to brokers meeting their own capital adequacy ratio and shareholder funds as required by Bursa Malaysia. They are also expected to exercise discretion in accordance with their own credit risk policies.

"Both the SC and Bursa Malaysia will continue to monitor developments in the securities market and evaluate the adequacy of existing measures to support an orderly market and to mitigate potential risks," the two regulators said.

A local broker, who requested anonymity, explained that brokers would typically want the equity value to be as high as possible. And should the equity value of a client fall below 130% of the outstanding balance, it would normally already trigger force selling.

In a nutshell, the equity value is the amount a client has in the margin portfolio, while the outstanding balance is the amount owed to the broker.

For instance, an investor who has an oustanding balance of RM100,000 in his margin financing account, when the value of the investor's portfolio falls below RM130,000, he will receive a call from the stockbroker asking him to top up the shortfall in his margin account. If he fails to do so, the stockborker will force sell his shares.

And with these temporary relief measures, it enables brokers to hold back from selling their clients' shares.

"Basically, it's to prevent another bout of bloodbath in the market [that happened in March]," said the broker.

These temporary relief measures are to maintain the stability in the market that could have a ripple effect on other shares, the broker added.

An analyst, also speaking on condition of anonymity, said the move is good for the market as it would result in less selling pressure because clients are given more breathing space to recover.

Slow and steady guys.

Vaccines are developed as political tools for politicians to peddle hope. Politicians need to demonstrate that they are not only controlling/preventing the spread of the virus, but also actively seeking a cure or permanent solution. What they really hope for is while all this is seen as unprecedented global efforts to find a vaccine solution, the virus will ultimately burn itself away and disappear. Vaccines are mainly a sideshow to show that they are doing something.

My analysis on glove share price relationship with PAT: https://klse.i3investor.com/blogs/glovesvsvaccine/2020-09-04-story-h1513318067-Gloves_Top_Glove_Supermax_Harta_Kossan_it_s_all_about_PAT.jsp

My analysis on glove share price relationship with PAT: https://klse.i3investor.com/blogs/glovesvsvaccine/2020-09-04-story-h1513318067-Gloves_Top_Glove_Supermax_Harta_Kossan_it_s_all_about_PAT.jsp

My analysis on glove share price relationship with PAT: https://klse.i3investor.com/blogs/glovesvsvaccine/2020-09-04-story-h1513318067-Gloves_Top_Glove_Supermax_Harta_Kossan_it_s_all_about_PAT.jsp

My analysis on glove share price relationship with PAT: https://klse.i3investor.com/blogs/glovesvsvaccine/2020-09-04-story-h1513318067-Gloves_Top_Glove_Supermax_Harta_Kossan_it_s_all_about_PAT.jsp

Such a big stake don't they need to reveal who bought it?

26-29 basis points i.e. 0.26% to 0.29% of gross loan. I assume this is not going to make a big dent on profits and share price although sentiment will be affected.

https://www.theedgemarkets.com/article/maybank-has-lent-us350m-and-rhb-bank-us100m-genting-hk-which-has-temporarily-suspended

The total loan exposure of US$350 million, or RM1.45 billion, consists of US$250 million unsecured loans. Analysts estimate the exposure to be about 26 to 29 basis points (bps) of Maybank’s gross loans.

At RHB, the banking group’s loan exposure to GENT HK is US$100 million, Bloomberg data shows. This is estimated to be equivalent to about 22 to 25 bps of the group’s gross loan portfolio.

Analysts opine that loan loss provision is inevitable for the two banking groups in view that GENT HK is currently in the rough waters as the COVID-19 pandemic has taken a heavy toll on the cruise industry.

Finally, Supermax corrected to EMA20. Was waiting for it to happen in July but buying power was too strong. So far during this bull run, EMA20 has always acted as support. May go sideways for the next two days but come 18 August EGM will be the catalyst to restart uptrend.

Remember, any kneejerk selling = buying opportunity.

Yes Russian vaccine process terbalik - approve then only Phase 3. All other US/EU/China vaccine process recently entered Phase 3 but not approved yet. So no difference.

Potential Impact of Vaccine Approvals on Glove Stocks

https://klse.i3investor.com/blogs/glovesvsvaccine/2020-08-05-story-h1511496008-Potential_Impact_of_Vaccine_Approvals_on_Glove_Stocks.jsp