No bb means no big hike in share price, bb will look for other topic after HC and IT. TG will back to reasonable price which is ~20PE of EPS, average down to RM3.50 (JPM previous TP) may help if still confident on TG fundamental

IPO is a process of realizing value, to prove it worth the value (RM3 or RM4 or RM5), TG will do its best to achieve the highest offer price by showing good result, draw lucrative future plan, overwhelm RSS etc. high RSS balance meaning short is prevailing, RSS balance reducing meaning short is weaken and long is strengthen. please be patience

The most important is IPO offer price (prevailing price), above RM5 is the best, above RM4 is acceptable, above RM3 is disappointing. if TG can show good result for 2Q ended 0228 which is more critical in determine IPO offer price, then we should relieve the poor result of 1Q ended 1130.

https://www.klsescreener.com/v2/news/view/767353/regulated-short-selli...-1
limit cap is 4%, not 3%. 8.2b x 4%=328m, if TG boss SBB and IPO treasury share in HK, then short player will die very soon. maybe recent short sell is left hand and right hand play by some smart guy, just to shut the short sell door.
when there is short sell, price should down. if price up, this may be fake short sell
i just guessing

youtube topic 美 国 十 月 手 套 进 口 数 据 分 析 ， 马 来 西 亚 手 套 夺 回 美 国 市 场 ？
market share volume, china 39.63% (sep)-> 28.50%, malaysia 44.76% (sep)-> 54.43%. ASP, china 49.12 (sep)-> 49.91, malaysia 74.10 (sep)-> 67.28

Some analysts say, institution short seller may close short position to lock in profit for yearly bonus assessment, so strong buy may happen very soon

TG has 2b+ fund and liability as at Aug 2021, may be unable to pay high dividend and buy back large quantity of share in 2022 if cannot earn good profit (more than 1b). Supermax will pay share dividend (ex date 20211217, 1 for 30), TG may follow such practise 0.2/8=1 for 40

Pay high dividend is better than SBB, shareholder can contra cost. SBB cannot beat market speculator

US fund is short selling good company, until it is very cheap, then secretly accumulate stake at low cost and become boss of the good company, enjoy our hard work profit just like 1997 financial crisis

company may distribute less dividend to investor as a result of higher tax cost, dampen investor's interest in the market. hence investor may withdraw from the market and resulted lower price to reflect new value attributed to investor. assume tg probit 4.1b, additional tax is 360m, $0.044 per share

good news continue coming, first us lift ban, second no windfall tax, third fast declining asp stop new maker, four vaccine is not effective (israel singapore), fifth SBB and short squeeze, sixth hong kong IPO

jibjib propose to temporary stop RSS

https://www.facebook.com/108713149189581/posts/4803631953030987/

to kill off new competition from beginning, ASP has to slash below 40. this is why existing dominant maker expand capacity to enjoy cost advantage. it is very sure, existing dominant maker will continue to enjoy higher sales volume and ASP in long run compare to pre pandemic, which carry value of more than 7.32 and above (my assumption is more than 1b quarterly profit).

no good profit, so no windfall tax, politician or businessman smarter. share market reflect future, if TG long term fundamental is 3b profit, then 3/8.2=0.3659 EPS x 15 PE=5.48. if 4b profit, value is 7.32. if 6b profit, value is 10.98. please be patient

harta quarterly profit for 202106 was 2b+, TG quarterly profit for 202105 was ~2b, if TG still want to be top, then quarter profit has to maintain at 2b

the best announcement is re apply HK IPO, meaning TG confident to perform better after 2021 and sell share to HK investor at good price

dividend is at least 70% of profit, this is boss promise.

some say, china no 1 glove maker has cancelled HK IPO proposal, so has no fund to expand plant. oversupply is no longer a issue

presently big boss owns 2.15b share, if TG IPO 0.8b share in HK, big boss need to buy additional 800m x 25% = 200m share from KLSE to prevent ownership dilution. if big boss can buy at average price $5, it is $1b, 1/2.15=$0.4651, which is less than 2021 distributed dividend. Meaning big boss use dividend received to buy 200m share from KLSE and IPO 800m new share in HK and still directly controlling 25% ownership. if big boss really buy 200m share and short player also close 200m short position more or less the same time, what will happen?

what if, TG decides to apply listing in HK again, on 0917 or AGM

let figure tell the truth, don't be cheated by JPM. JPM under estimate glove counter's profit, they just short sell until small investor panic and cut loss

3Q profit was 2b, IB expect 4Q to be below 1b. if actual is close to forecast, then current price is sell the rumour. if actual is better than forecast, then price will rebound strongly. if TG long term yearly profit can maintain at 3.6b (0.9b/Q), then 3.6/8.3=0.4337EPS x 12 PE=5.20, which is very close to HK IPO price 5.25. to long term investor, this may be good opportunity

price go up will come down, price come down will go up. to earn profit, price must go up and come down, no need to panic if TG earn good profit and pay high dividend

in order to clear obstacle for glove counter to rebound, this is the necessary step to wash out condo investor who will sell share and form resistance when price goes up, force condo investor to sell and big player take over most of the share from condo investor at low price, is the signal of bottom. when big player complete accumulation and confirm not much to sell hindering rebound, glove counter will fly high

according to JPM assumption, price$3.50/12PE=$0.2917EPSx8.3b share=long term yearly profit $2.4billion. be greedy when other are fearful

Maybe short player want to close more short position before 0917, so push down price to force margin call, in order to buy back more at lower price

short balance is 179 million shares, MA5 is 3.86, MA10 is 3.83, MA20 is 3.81 as at 0827, positive indication before 4Q result announcement on 0917

Quick rebound may happen if new PM is finalized immediately after existing PM resign, else pessimistic sentiment will prevail during uncertainty

some say, tomorrow will be the last chapter of politic turmoil and share market bottom, KLCI index share will rebound as new PM is announced and foreign fund return.

supermax's result announce date is 10th aug, you can check this data in financial highlight of investor.com

TG will announce result on 17th Sept

according to 0803 china press report (google "foreign fund buy glove stock"), net buying TG's amount is MYR758.8million

thank those who ask us to support old man and din din

be patient, you want market to push price up, have to wait them close short position first (happening now), then give them time to accumulate share at low range (hovering for sometimes). big players push price up only if they already hold sufficient quantity of share and can benefit from upward trend. thin volume meaning big player may not able to accumulate target quantity before deadline after switching from short to long, to increase trading quantity, they need to create pessimistic sentiment. higher trading quantity meaning somebody is planning somethings.

when short players are gone, meaning nobody is working hard to press price to earn profit, so price can go up easier. i also wish short squeeze to punish them, but they are more smart and united.

short player tactic, impose pessimistic sentiment push price lower, then buy back at target price to close position. lower short balance meaning higher upward possibility

short balance drop to 189 million shares (0802) from 195 million shares (0730), seems short squeeze is difficult to happen, short player close position in very smart way

if short players close most of their position before mid of sep (yearly result announcement), meaning market is expecting good performance and higher valuation

short balance 195 million shares as at 0730 (203 million shares as at 0729), lower balance meaning higher upward possibility, because short player also acknowledges no more easy profit as it is bottom now

TG's profit was below 0.5b before pandemic, its price rose to $9 (after bonus issue) in 2020 ($9/12PE=0.75EPSx8.2billion share=6.15b profit). investors judge this is unsustainable (profit up 10 times), because they assume the world will return to normal as soon as vaccine roll out. so they short TG. we know vaccine is not effective and TG indeed can earn good profit (7b in 3Q 2021) during pandemic. If pandemic is under control, of course price will drop to ~$3 (assume profit up 4 times 2b/8.2=0.24EPSx12PE=$3), short player make good judgement and earn huge profit. if pandemic last longer, TP shall above $6 (profit 4.1b/8.2=0.5EPSx12PE=$6), so more and more short player closing position to lock in profit. because initial assumption is incorrect, TG will rebound anytime

short player close position is good indication, meaning it is hard to push price further down and earn more profit. wish 4Q result is good, politic stabilize, short squeeze

when price down, volume very thin, meaning no seller and not resistance, because very few buying in this range, so weak profit taking will trade in this range. if sentiment change, buying force will break through this range very fast, resulted strong rebound (0715 & 0721 up more than 0.20 are good examples)

investor will gain if the world has no answer to virus in short time, because short player cannot push price further down and holding short position is costly. short player will gain if virus can be controlled in short time, because demand and ASP will drop tremendously in very short time. new comer is not the critical factor, but pandemic is. reason causing downward trend is vaccine roll out, if vaccine not effective, then trend shall reverse

resistance at 4 may be fake order, its purpose is to damp investor confidence. if price rise near 4, those order may withdraw. someone purposely want to hold price below 4 instead of further down, something must be happening

normal profit below 1b, pandemic profit more than 3b and TP $5. discussion of windfall tax affects sentiment, but it also means glove will continue prosperous because the world has no answer to virus.

short balance continue dropping, 208 million shares as at 0723, 209 million shares as at 0722. if price can hold above 4.14 until 0727, upward trend is formed, closing price > MA5 > MA10 > MA20.

short balance is dropping, meaning short player is leaving. no short sell, no pessimistic seller (virus case is increasing), how to push price downward

sentiment and trend have changed, it is highly unlikely speculator will short again. 1 vaccine is not effective, JPM's assumption of glove demand and ASP will back to normal is incorrect. 2 trading volume is thin, meaning JPM fails to impose pessimistic sentiment (peoples are waiting to buy instead of sell), it is not worth to take the risk (0715 up 0.28 & 0721 up 0.23 are good lessons). 3 short balance has dropped below 210 million shares, meaning short players are leaving instead of trying to look for opportunity (cost of short selling transaction is not cheap, trading frequently carry more harm). Maybe i am wrong, time will prove

please focus on trend, if it achieves higher top and higher low, means it is in 1st stage, starting to turnaround. buying force successfully absorbed profit taking force. if buying overwhelm selling, it enters 2nd stage, continuous higher closing. long and short are fighting, so still not confirm whether it is temporary rebound or turnaround.

vaccine cannot stop infection, mutation and spread, will glove demand return to normal? if the world cannot return to normal, which company can generate good profit and reward investor.