geary. There are only two profitable investing:
1. Value Growth Investing.
2. Dividend Growth Investing.

All Must have growth...no growth or erratic earnings n dividend...share price will go sideways...n downtrend...no question about it.
19/09/2020 2:29 PM

Plus market volatility is always there...Mr. Market can be very irrational at time...n can be very rational at time... it's a matter of how you manage your Risks.
19/09/2020 2:38 PM

Diversification only taught in business school. So we are real life investors n traders. So be focus...on earnings growth or dividend growth investing. Go for the jugular if u spot a very good chance. If not just hold or stay on shore. Do remember to sell some on strength to have cash on shore. Usually Mr. Market is volatile anyway which way u see it.

Dividend cannot make u filthy rich. Maybe the most 10% yield/year. Focus more on capital gains...study some TA...besides FA...plus market directions or trends.

Edwardong53 Don't know true is it that my friend was telling us that IBs have been doing "Permitted Short Selling" or PSS which is allowed by Bursa bcos many of their warrants are expiring in last quarter of 2020. Therefore, these IBs are manipulating the glove counters like TopGlov & Supermax with high volatility every day.
19/09/2020 2:12 PM

There are only two profitable investing:
1. Value Growth Investing.
2. Dividend Growth Investing.

All Must have growth...no growth or erratic earnings n dividend...share price will go sideways...n downtrend...no question about it.
19/09/2020 2:29 PM

Plus market volatility is always there...Mr. Market can be very irrational at time...n can be very rational at time... it's a matter of how you manage your Risks.

Our geary is definitely a long time loyal TopGlove supporter

So you could just imagine it

How much profit he is now sitting on

If he had bought like 500 big lots of TopGlove at then cheap time
19/09/2020

I bought in stages lah...since gloves got overcapacity problems...net margins was only 7/8%. My lowest price was...@4.40...in May 2019. Then I did sold some when it was above 11.00. bought back again above average...@20.00. I win quite a lot...I didn't compute...my average price probably below...@6.00.

hahalolwtf yes, i agree. Weak retailers out. Now left banks with expiring CW that are going to sell down. Just wait.
19/09/2020 1:53 PM

Good chance to add...CW or whatever derivatives are good for long term investing...for earnings growth counter. I have been Q'ing at below...@6.00 for long time...only got some at...#6.18...last SEP 10. So how they hedge also cannot beat big whales of gloves lah.

Invest1688 Geary: surprise you are still in this forum
Few days ago you said TG will drop till $4
I thought you already sold at $4?
19/09/2020 1:43 PM

Probably u didn't know who l am...I was in TopGlove since May 2019.

hahalolwtf all gloves are already on downtrend. Just see 1 month chart. How much have they all fallen? Run while you can
19/09/2020 1:03 PM

At present...Hedging Funds cannot fight the gloves whales...be rational.

AudiQ7 Yes..but someone was mentioning about TG as a non growing company with PE of 6 which is absurd
18/09/2020 10:44 PM

Who is the guy...oh...maybe he is 95 years like Mahathir.

AudiQ7 and you bet Top Glove is a ‘NOT growing’ company? Blearghhhhh...
18/09/2020 10:37 PM

TopGlove still very young lah...less than 30 years old...PE multiple must be around 25x.

macquarie cant even break 8rm ..... very sad.... will sell my 5k lots monday
18/09/2020 10:25 PM

TopGlove... Supermax or Careplus...u choose...all super earnings growth...plus crazy margins at present.

Aesop's Fables, or the Aesopica, is a collection of fables credited to Aesop, a slave and storyteller believed to have lived in ancient Greece between 620 and 564 BCE.

Aesop, "A bird in the hand is worth two in the Bush."...I already have a strong balance sheet, little debts, increasing free cash, organic business growth and a super earnings growth company in my hand...at a reasonable price...it's not easy to find another among those earnings growth companies at present time...the closest I can think of is Supermax.

"Since I have two hands and some free cash...why not grab another one bird." geary.

Agjl Someone here even said 4 is coming， he is one step ahead of ubs:))). I also hope your tp come thru so i can buy
18/09/2020 8:51 PM

No...they are queuing at 52 weeks low...@1.40...or NTA...@0.61...much better...Mr. Market will quotes it one day... don't u worry.
18/09/2020 8:58 PM

Or they are waiting for Topglov...PE multiple of 10.89...same like Maybank...then why low PE still down...ahrr...

KUALA LUMPUR (Sept 18): The Malaysian Rubber Glove Manufacturers Association (MARGMA) has called for vigilance over unscrupulous individuals or companies masquerading as representatives of big bonafide manufacturers.

Its president, Denis Low Jau Foo, said the association has urged its members to be proactive in tracking down scammers with the assistance of the police and private investigators.

“This act is clearly tarnishing the image of the industry and Malaysia. It has an adverse effect on the global trade economy,” he said in a statement today following a recent report by the Wall Street Journal about fake medical gloves being peddled in the United States.

At the same time, he called on buyers, distributors, and importers to understand that genuine manufacturers are doing their best to supply adequately, unlike the opportunist middlemen who exploit with fake promises.

“This industry is a mature and well-established industry where businesses and regular buyers are aware of genuine manufacturers, while newcomers are susceptible to scammers,” he said.

Low added that the supply and demand dynamics are lopsided due to the COVID-19 pandemic, but the industry is doing its best to churn out as many gloves as possible to meet the extraordinary demand across the globe.

MARGMA members are being hampered by several factors to make more gloves, and the major stumbling blocks causing the bottleneck are the huge shortage of workers and raw materials, he said.

“According to our calculations, the industry could lose out on the opportunity to export more than 80 billion pieces of gloves in 2020 by not having enough workers. This translates to about RM7.6 billion in export revenue for Malaysia,” he said.

Hence, he asked the Government to allow a reasonable number of foreign workers to work in factories.

He said approximately 40 percent of the workforce are locals who hold leadership, professional and technical positions, and this group is highly paid.

“We seek the Government’s support to ensure that enough local workers are available to sustain this top 40 percent bracket,” he said.

On the business side, Low said MARGMA is revising its export revenue projection for 2020, from RM21.8 billion to RM29.8 billion, based on the performance in the first half of the year.

“MARGMA projected that in the next six months, the export revenue is expected to touch RM18 billion. The quantity is estimated to reach 130 billion pieces of gloves.

“For 2021, MARGMA estimates that our annual export revenue should touch RM33.8 billion, with quantity increasing to 270 billion pieces,” he said.

Whether the demand for gloves would continue to be as strong as it is now, Low said it could take several years for the industry to fulfil the demand as it stands today.

“A sizeable factory would take 18 to 24 months to churn out three to four billion pieces of gloves per annum, and it requires about RM200 to RM250 million to build such a factory.

“Engineering and material support must also expand in tandem, otherwise, they would not be able to cope with the expansion programme,” he said.

tallman USB tp SGD 5.00 = RM15 is achievable in 9 months :)
18/09/2020 5:30 PM

Yup...in the range of...@15.00 -@20.00...^_^

PureBULL ... KISS n Remember this equation if you r VALUE investors:
TOPGLOV = Harta + Kossan + Supermx + COMFORT + K+

in exceeding total PAT n soon entitled to their mkt cap combined.

NB: TG just have to delist from SGX, n list in HK or anywhere asap .,.
18/09/2020 5:47 PM

Yup... don't list in SGX...too Boring...no much buyers n sellers sometimes.

KUALA LUMPUR: Top Glove Corp Bhd has earmarked RM8 billion for capital expenditure (capex) over the next six years, indirectly brushing aside concerns over a glove glut or fiercer competition from new entrants.

The massive capex was disclosed after Top Glove posted its best ever full-year net profit and revenue.

The group's net profit surged to an all-time high of RM1.87 billion in the year ended August 31 2020 from RM364.68 million previously.

This came on tne back of a record revenue of RM7.24 billion, a significant increase from last year's revenue of RM4.8 billion.

Top Glove has recommended a final dividend of 8.5 sen per share, amounting to a payout of RM691.8 million. This brings the total financial year dividend payout to 11.8 sen per share, amounting to a total payout of RM961.2 million.

The total dividend of 11.8 sen represents an increase of 9.3 sen or 373 per cent over financial year 2019, which is a net profit payout ratio of 51 per cent.

Top Glove executive chairman Tan Sri Dr Lim Wee Chai said the capex would be invested in several key areas including new capacity, enhancement of existing manufacturing facilities, Industry 4.0 initiatives, a gamma sterilisation plant, land bank for future expansion, IT upgrades, as well as workers' facilities.

"The expansion of its production line over the six years will add 100 billion pieces per annum to the group's production capacity from the current 85.5 billion pieces per annum.

"For financial year ending August 31, 2021, the company is planning to invest RM1.9 billion in capex to build new factory, buy new machinery and acquire land," he told reporters and analysts during a virtual briefing of Top Glove's 2020 performance yesterday.

Managing director Datuk Lee Kim Meow said the sizeable capex was allocated to meet the growing market demand for its glove products and the company's optimism on the increase in average selling prices (ASPs) moving forward.

Lee said the average ASP for nitrile gloves was at US$70 per 1,000 pieces and US$45 for latex gloves.

"In October, the group expects a 30 per cent increase in ASPs for nitrile gloves and a five per cent increase in latex gloves ASPs, with a potential on another 10 per cent increase for both glove products beginning November onward," said Lee.

He said with Covid-19, Top Glove had estimated that glove demand would grow by 20 per cent per annum in 2020, 25 per cent in 2021 and 15 per cent post-Covid-19.

Meanwhile, Lim said Top Glove was planning to list on the Stock Exchange of Hong Kong in the next six to nine months, as it eyed for expansion beyond Malaysia and Singapore shores.

He said the company was in talks with bankers to find the most suitable method to go for listing in Hong Kong.

Besides Malaysia, the company is also currently listed on the Singapore Exchange.

Top Glove's American Depositary Receipt (ADR) is also available in over the counter exchange in the US.

"We always think big and dream big, in hope of achieving big. As you know, Hong Kong stock exchange has a market capitalisation of US$5.5 trillion, which is 10 times of Malaysia or Singapore.

"This is a big market and we always look to higher value add in bigger market. Similar to our glove business, we would like to create demand for our shares and there are demand for it (in Hong Kong) — it is a good direction for us," Lim said.

Despite announcing the strong results, Top Glove closed 64 sen lower on Thursday, or 7.59 per cent, at RM7.79.

ahpooki2 UBS analyst setting TP of 5.0 but asking to hold??..weird, isnt it? maybe he meant USD5.0...
18/09/2020 5:20 PM

Oh...so next year SEP...USD5.00 X 4.10...>RM 20.00...:-)

Makeabuck That day mccurry put report TSLWC buy back now UBS pulak dunno TSLWC will another buyback or not hahaha...kasi one tight slap that fella UBS...
18/09/2020 5:06 PM

Don't worry...Boss standby...RM 210M...more than UBS...to buy back. Tan Sri is a good boss.

Pyh96 16k buyers 89 sellers wtf r u talking
18/09/2020 4:54 PM

Did all really matched...then next week...will bull a bit.

humongainz Wow look at the buy and sell queue
18/09/2020 4:49 PM

I see next week slowly...up...10 days...with some profit taking...as per normal.

Invest1688 Geary: just commission already almost 39 cents, enough to make profit?
18/09/2020 4:45 PM

Yup... sometimes need to hit n run...with those shsrks... RM 3,800 cabut...have a nice weekend.

geary TigerWoods Who's the idiot who is keep pressing the price to 8.00? lol
18/09/2020 4:34 PM

Contra sellers...Friday lah today...those who bought around @7.50...this morning.
18/09/2020 4:38 PM

Sorry iam one of them...bought at @7.58...Sold at @7.99. pocket money.

humongainz I wonder who else would be selling at 8 at this point. It's pretty clear now, isn't it.
18/09/2020 4:32 PM

Buyers n sellers almost equal strength...@8.00.

KUALA LUMPUR (Sept 18): After posting a record-breaking RM1.87 billion net profit for the financial year ended Aug 31, 2020 (FY20), Top Glove Corp Bhd’s profits are expected to grow by more than ten times in FY21, according to some analysts' forecasts.

The stunning growth in profitability is due to higher-than-expected average selling prices (ASPs) and longer demand lead times.

The most optimistic of the lot was Maybank IB Research, which predicted that the glove manufacturer's net profit will climb to RM11.22 billion, underpinned by RM27.8 billion in revenue.

Maybank IB said it sees room for the ASP of latex powder-free gloves to rise further, on strong demand due to shorter waiting time and lower price compared with nitrile gloves.

“Our model has already assumed for higher ASPs until 3QFY21 and to decline from 4QFY21 on more new supply,” said the research firm.

Maybank IB has pegged its target price (TP) for the group at RM9.53.

Credit Suisse, which set its TP at RM16.20, expects Top Glove's net profit to soar to RM10.97 billion with solid revenue of RM21.5 billion.

CGS-CIMB Research expected the group's net profit to soar to RM10.38 billion, thanks to RM20.42 billion in revenue on higher ASP, as the strong global demand is expected to sustain until at least end-FY21.

The firm also upped its TP from RM9.20 to RM10, based on 17 times CY22 as it rolls over its valuation year.

RHB Research Institute, which has pegged its TP at RM9.50, forecasts net profit to hit RM9.47 billion, as revenue rises to RM23.25 billion.

PublicInvest Research has set its TP at RM9.70 and predicts RM9.15 billion net profit based on revenue of RM17.83 billion.

It noted that spot orders are currently priced at around US$120 per thousand pieces, with 30% of the group’s total capacity allocated for such orders.

“As such, we lift our earnings forecast for FY21-22F by 203% to 354%, as we incorporate the effects of higher ASP and increased production capacity into our earnings projections,” said the research house.

With a TP of RM10.68, Kenanga forecasts RM6.67 billion of net profit for FY21, with a revenue of RM17.29 billion.

Meanwhile, AmInvestment Bank expects net profit to hit RM6.54 billion with a revenue of RM21.81 billion. It also has raised the glove maker’s TP to RM8.40.

However, net profit is expected to plunge in FY22 as demand for gloves weaken. “We reiterate that such supernormal profits are not sustainable in nature and earnings growth should be tapering off from FY22F onwards,” said PublicInvest.

For FY22, Credit Suisse expected net profit to drop to RM4.96 billion with a revenue of RM14.6 billion. Maybank IB predicts RM4.26 billion net profit underpinned by a revenue of RM17.8 billion, while AmInvestment forecasts RM2.37 billion net profit on the back of RM11.6 billion in revenue.

Meanwhile, CGS-CIMB forecasts a net profit of RM5.3 billion with a revenue of RM14.32 billion. RHB expected net profit to fall to RM7.26 billion, underpinned by RM20.11 billion in earnings, while PublicInvest forecasts RM4.21 billion net profit with a revenue of RM12.34 billion. Meanwhile, Kenanga expected earnings to decline to RM4.1 billion, with a revenue of RM13.51 billion.

At the time of writing, Top Glove rose 21 sen or 2.7% to RM8, valuing the group at RM66.25 billion. It saw some 57.82 million shares changed hands.

Morpheus61 All Analysts, across the board, have next year estimation of Net Profits @ over RM 6 Billion.
That is ~ 300% over FY2020 earnings.Why then is the share trading at Forward PE FY2021 of 31-35?
If the people responsible can please answer the question, I & my team will be grateful. We intend to buy in, no matter what.

RM 6B. Hinted by boss last Friday. Patience he said. Marathon not sprint. Looking at TopGlove average PE multiple...30x is reasonable...so EPS of @0.73x 30. U decide loh.

Makeabuck is it TG want to purchase back 167m if based on 10% of paid up capital of 1.675b??

please correct me if im wrong.
18/09/2020 2:47 PM

Boss will SBB...another 210 millions probably.

Jiasaihooi TG next PAT is RM2 Billion, at PE 35 only, TG will be trading at RM16. Spot PE, not future PE.

MBB so far is quite accurate with their forecast
18/09/2020 2:45 PM

So buy lah...@100% return.

Registered_ID UBS is a foreign bank. And they are no.6 highest stake in TG. Good la, now you all know UBS is desperate for our shares.
18/09/2020 2:30 PM

That's how their Risk management professional team...done their hedging previously...risky business lah...almost same like oil or commodities hedging...lot of risks...now they are fightings to recover present losses.

KUALA LUMPUR: The FBM KLCI rebounded on Friday after a sharp sell-off in the previous session as investors rushed to make bargain purchases.

At 12.30pm, the index was up 6.73 points, which erased a little more than a third of the previous day losses.

The recent volatility and sell-off however seemed to have taken the shine off equities as trading activity slowed from recent days with 3.88 billion shares exchanging hands valued at RM2.39bil.

"We reckon that a consolidation may take shape in view of the lack of fresh leads.

"The renewed volatility will keep traders on their toes as quick profit-taking activities may limit any significant upsides over the near term," said Malacca Securities Research.

However, the FBM KLCI is en route to ending the week on a positive note, and has has managed to return above the 200-day simple moving average, which it gave up during the previous week's correction.

On Friday, Top Glove advanced 19 sen to RM RM7.98 after falling a whopping 7.5% in the previous session following the release of its FY20 results.

Hartalega, which ended the Thursday session unchanged, gained 12 sen to RM14.22.

Petronas counters also reacted positive to a rapid rise in crude oil prices. Petronas Dagangan jumped 50 sen to RM2.82 and Petronas Gas gained four sen to RM16.60. Petronas Chemicals meanwhile was unchanged at RM5.60.

Among other notable gainers, IOI was up 11 sen to RM2.82, Tenaga Nasional rose six sen to RM11.10 and IHH gained seven sen to RM5.41.

Meanwhile, Asian markets made some headway after the falling in unison on Thursday amid global economic recovery anxieties.

Japan's Nikkei rose 0.1%, China's benchmark index was up 0.6%, Hong Kong's Hang Seng gained 0.3% and South Korea's Kospi added 0.1%.

Following sharp gains overnight, crude oil prices continued to rise as Opec moved to enforce penalties on members that did not comply with its output cuts.

Brent crude climbed 22 cents to US$43.52 a barrel and US crude rose 16 cents to US$41.13 a barrel.

niubility666 that's a bond, not for trading bro
18/09/2020 2:06 PM

Yup...can exchange into ordinary shares...@2.03...last time was...#6.10.pBi.

jasonred79 @junx not that big. this morning trading volume was already 56m. a little bit of selling pressure as some people take profit, but the market can easily absorb 7m shares even if every single one of them decides to sell. ... IMHO, but I could be wrong.
18/09/2020 2:04 PM

Very less...@<0.1%.

supersinginvestor Honestly that day last week when tg went to 6.15 n the big boss of tg started buying bak tg..it caught ibs off guard..no one expected that if that did not happen tg sure limit down that day...now ibs r skrewed...cos tg boss got tg shares back...so relax. ..buy n hold
18/09/2020 1:50 PM

Yup... these are market trends... Irrational behaviour...we need rational thinking... that's why big boss did. Treasury shares can be sold back at higher price to issuing banks, or as bonus shares for shareholders. Reduced outstanding shares...increase earnings per share n increase NTA. Of course there are weakness also.

jasonred79 ... anyone want to make guesses whether we see MORE stupid 1m sell queues at 2pm pre market? ... I have no idea, I'm just curious whether we see repeat of yesterday. Now that was more than "borderline" price manipulation...
18/09/2020 1:36 PM

U r expecting it...today no...u least expecting it... then...yes... that's how they read the markets sentiments...EQ...is very fluid in traders mind n heart.

GorengBilis UBS stupidity to the max wakakakaka same madcurry
18/09/2020 1:00 PM

Maybe they typed wrongly.. Should be USD 5.00...^_^

klcianalyzer Sold my share but looks like TG is still strong. I’m not able to buy at my previous price anymore. Those disposing are not IBs. Most probably big contra players
18/09/2020 12:53 PM

Buy back in weakness...why u sold all...aiyoo.

ToraToraTora Fongkitmun..... Ubs rationale is despite demand up, raw material prices also up. Maybe they assume insufficient material will hinder production. Yesterday during riverstone briefing they also acknowledges raw material problem getting more acute
18/09/2020 12:44 PM

Smaller companies will have problems sourcing cheaper raw materials. Not so hard for top 4...but still the demand is acute... Price go up...so end of the day... consumers have to pay higher price per box/1K...at US50 n above.

foongkitmun it is not funny to give a funny figure such as 5 where it is very unacceptable in logic... and many will pawn their underwear to buy if its pushed down to level 5..
18/09/2020 12:38 PM

So much conspiracy theories...like most IBs gang up to downgrade TopGlove. But some many good news already came out...still want to downgrade. They do it on purpose right...too much jealousy...but if let them run TopGlove...I think bankrupt long ago.

Everybodyhuat We know the business is superb. Know the best quarters coming soon. TP by majority banks all high. Bit regretably this will not help if all these pariah IBs gang up to push the price down. They have the funds to do so, ee don't. Even LCW cannot do much if they keep pushing down. Just look at Supermax now down. Why? They have labour issues too? Business bad? None. 2 days consecutively down. This is the hidden reason why LCW looking to list in HK. No logic especially immediate announced superb quarter.

Tan Sri Lim Wee Chai...main target is to target Chinese markets... collaboration or acquisition in the long run. We Chinese money will still go back China, just like Robert Kuok did.

ToraToraTora Geary..... UBS analyst just released TP RM5 too over nx 12 mths
18/09/2020 12:18 PM

I think lot of people lazy to do their own analysis...n don't understand the business products or services they invested. They like to listen to those outsiders, who don't run the business day in day out. Most of them are manipulators...insiders who hold billions, they don't want to know n understand why, they hold so much shares. They prefer to listen to outsiders. Good luck to u.

geary laychee If you use last quarter and do a forward PE of 20, it is worth RM5.50.

If you use this quarter and do a forward PE of 20, it is worth RM12.

Now you see what IB can see.

Be more objective...within these 18 months or 6 quarters...Robust earnings growth for glove products. Don't look at pre or pro Covid19.
18/09/2020 12:13 PM

Why I say 18 months or 6 quarters... beyond that high margin of errors.

Agjl Geary.....i think better dun get too excited. I was just sharing what i gathered in the cnbc interview. Later i will get bashed by naysayers and get cursed at. :)
18/09/2020 12:03 PM

Relax...I was assuming that figure also...before that...so just buy n forget about the price volatility...any weakness just add...or if too hot...just sell some to average down your cost. These are strategies of long term investing.

geary geary Agjl Watched Live interview on TG by CNBC a while ago. Very positive comments and views given. Mentioned FY21 another 25% growth.

Quote” the latest quarter results is not our best quarter” unquote.

WOW.
18/09/2020 11:52 AM

Every quarter...25% earnings growth...so FY2021. SEP...PAT@6 billions...◉‿◉
18/09/2020 11:55 AM

So if you bought at today price...in SEP, 2021..PE multiple is below 12x.

Makeabuck Added and locked in...long haul gains...TanSri never failed us...he indicated robust QR and it was robust...and better ones to come...i can only expect better...ppl saying its overpriced la bla bla bla...well thats their opinion...value investing...so much value in TG now and moving forward...
18/09/2020 11:56 AM

Value growth investing...by the way growth n value are joined at the Hip.

Newplayer286 Tan Sri how come ur price still not above before BI? at least stand at 8.80 lo...if not no face...
18/09/2020 11:43 AM

I remember a story in BRK AGM...a child around 12 years old...asked Buffett...why your share price not up...why down...since your are so...good...Uncle Buffett gave the child some See Candies...and said...I don't understand...but u will probably when u grow up.

GorengBilis HONG LEONG TP RM13

https://klse.i3investor.com/m/priceTarget/56982.jsp
18/09/2020 11:41 AM

Reasonable forward price in January probably.

Bloodslug666 Uncle lim wan cash out buy car house.. Tq retailer
18/09/2020 11:34 AM

Topglov can SBB with 1 billion anytime...but they prefer to grow their glove production lines. With that 1 billion cash, u think how much they can loan from bank. All the banks rushing to lend to him. Mind you, more free cash flowing in the next 4 quarters, so imagine lah.

Babi Shark Just hold if you believe in Tan Sri, no need curse other la daigor
18/09/2020 11:21 AM

Yup...SBB in TopGlove is necessary at that time. Not like Maybank...they didn't give much bonus issue. TopGlove is different. They give less dividend, occasionally special dividend, bonus issue consider good, n allocate their cash efficiently for acquisitions or growth its organic business. Of course there aren't perfect...doing such a big business isn't easy okay. U should study its balance sheet thoroughly if you invested it. Look at the retained earnings n cash n equivalent increase overtime. Plus those debts are decreasing. Very strong balance sheet, forward going I think stronger. Probably, 1:1 bonus issue, next SEP. N their outstanding shares highest in Bursa.

newkid I believe 90 % of big margin holders , cyber sifu, who speculate TG price would shoot up after qr release have cut loss n tapao already !!! They miscalculated the dumping of off shores funds on both fronts , bursa and sgx . I believe local IB will slowly pick up the stuffs gradually as their funds are quite small. Tan Sri family might fork out some personal money to accumulate in sgx. Base on his emperor style of arrogant character , he will use his personal money to buy because some funds have questioning the using of SBB .
18/09/2020 11:02 AM

There are many retailers Cari Makan in Bursa...even in SGX... remember Soh Chin Wen cases of manipulation. These people will create dozens of trading margin accounts...so there are lot of money okay. Some are directors of said company. Usually the big sharks will win most...n baby sharks will bleed most. But when those baby sharks came asking for help...there just don't care. I knew some in Singapore who lost half a million...because they trust their father or grandfather sharks. All declared bankrupt. Now some a caught, done run away overseas. Just almost like 1MDB cases. Money really make the world round n round. Money really very dirty... that's why the real monk cannot touch money...those who touch it are fake monk. Look around your surroundings...then u will understand your investment better...◉‿◉

2527005 People should stop all kinds of allegation about IB pushing down price to save their call warrants payout. You don't work in bank you don't know their strategy. 1. Call warrants only cater to a very small market and the amount is also small. Guess what they queue every step up so when you buy you already buy at a premium from them. They already made money by selling to you at every price. Go see the queues. How many people q buy call warrants? And the same amount on both side are bank themselves. You sell to them every step down you buy from them every step up. You think they are so stupid and you are smarter? When price down blame IB. When price up take credit. Yeah right.
18/09/2020 10:44 AM

Yup...one issue with those derivatives...but these are liquidity mechanism in business sense...but some crooks take advantage...there are loop holes. Including those permitted short selling in ETF. Not only gloves counter are red...almost all are red...if downtrending markets. Market directions play very important factors...then those institutions n funds will take those chances. So lacking of two or three stars not shinning...when market trends are bearish. Looking good later on... untill Tuesday morning.

JBond007 Never Say Never Again to Top Glove.
18/09/2020 9:55 AM

Latest...No Time To Die... TopGlove shareholders...◉‿◉

ASP higher during Vaccine.
https://www.klsescreener.com/v2/news/view/729093