glovefinish

glovefinish | Joined since 2020-11-17

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Stock

2021-05-30 10:56 | Report Abuse

Now many including funds are selling glove stocks only the trapped retailers continue to top up buying. Glove stocks price now dropping not going up, all are now in long term down trend. If it's so good as u say why it keeps on dropping and many are selling, weak buying force for only the trapped ones top up trading, so far no funds buying?

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2021-05-28 23:36 | Report Abuse

See who will be laughing and who will be desperate sad later. Wait to see.

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2021-05-28 23:31 | Report Abuse

With vaccinations in progress plus MCO full lock down investors even more confident about the recovery can take place faster and earlier that induce them to keep on holding and buying the recovery counters thus the strong buying force would provide price support when it drops. Thus recovery counters deem won't drop much even might go up later. Let to see.

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2021-05-28 23:19 | Report Abuse

Don't expect RSS to be banned. Bursa won't do that bcoz it has to care for klse market reputation and image among all forreign investors. It won't ban RSS that are undertaken by forreign investors like JPM to spoil the international confidence of forreign investors on klse market. The ban of RSS migh cause further outflow of forreign funds from klse market that Bursa and our local government also don't want it to happen.

Furthermore this time MCO fully lock down won't cause the klse market to collapse the most it only drop with support at certain level bcoz this news already known and digested by all investors who already used to it and prepare to take it no surprise and no fear. The funds and retailers holding in each sector counter mostly would remain not much changes just only some fluctuation up and down. In this time of MCO full lock down, most funds and retailers would steak on their invested sector counters, u won't see the large flow of funds and retailers move out from other counters to focus on glove counters. Thus this time mostly no repeat of glove stocks mania like last year one.

Wait to see any rebound in glove counters due to this time MCO full lock down or it will continue to drop further down even with MCO full lock down. If have rebound it might be only the minor one can't go up much. Let see it.

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2021-05-28 18:50 | Report Abuse

If the price really drops to below $2 means drop more than 50% from current price but it needs to rebound more than 100% from below $2 back to current price around $4. That means after drop to below $2 it's difficult to rebound back to around $4 it may only rebound from below $2 up to $3 or $3 plus being lower than current price. Do u want it like that?

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2021-05-28 17:16 | Report Abuse

Yam tik yam tik drop little day by day. Only this way can trap the retailers those who believe in bottom fishing continue to top up because they can't run unless cut loss.

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2021-05-28 17:12 | Report Abuse

As I said yam tik yam tik until dry.

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2021-05-28 16:26 | Report Abuse

No funds and no big players to goreng push it only left the trapped retailers trading themselves, this is indicated by homily chart. How to rebound? It seems no big rebound like previous bcoz the previous rebound to $6.50 was caused by forreign hot money funds entered and then followed by local ibs pushed up for selling off but so far now no forreign and local funds enter. Means no big rebound it would continue to drop 'yam tik, yam tik' day by day.

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2021-05-28 11:16 | Report Abuse

We are not crying instead u are crying and feeling so sad to see your investment value declining over the time with lot of money trapped in it may be have to wait for long long time don't know how many years until next new pandemic come. Thus we are here to pity u and share to u some views. Whether accept or not up to u. Good luck.

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2021-05-28 11:08 | Report Abuse

If it drops below $4 then minor rebound back to $4 again. What is the meaning of rebound? Without the participation and goreng by funds and big players only left the trapped retailers trading, how far it can rebound? Wait to see.

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2021-05-28 10:45 | Report Abuse

How do u know windfall tax only for commodities and not for manufacturer? Even leisure and hospitality company like Genting also kena windfall tax, why it not for manufacturer? The windfall tax on glove companies issue already raised by some people in government and in opposite parties, wait to see.

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2021-05-28 10:13 | Report Abuse

Possible to have windfall tax on glove companies this year bcoz government needs more money to pay for vaccines and dealing with high covid cases in our country. Wait to see.

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2021-05-28 09:59 | Report Abuse

Full lock down won't affect much on recovery counters may be only temporary minor effect if have bcoz people including funds and retailers buying recovery stocks are looking forward into future for its eventual recovery once the pandemic under control over later. Recovery eventually would take place only the matter of time. People buying and holding recovery counters now mostly would be patient to wait for its recovery. U can see most of the recovery stocks price now doesn't drop much even some can steadly stand at current price level even with high covid cases in our country.

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2021-05-28 09:45 | Report Abuse

The news of full lock down, high covid cases and virus mutation seem totally no effect and no stimulus on glove counters bcoz u can see glove counters are no response to all these news and even it seems go opposite from these news: glove stocks price does not go up but conversely down with high covid cases in our country.

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2021-05-28 09:25 | Report Abuse

Where's the rebound? Someones expecting today rebound would be very disappointed. No participation and no goreng by funds and big players only left the ikanbilis retailers trading, how does it rebounds? How much can it up? Hopeless, it most likely one way ticket continue drop to lower and lower. No support from funds and big players who already exit only dominated by trapped retailers continue to top up to be trapped more as price would go further down. Good luck.

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2021-05-27 17:30 | Report Abuse

What happened on the price closing today also already happened on the day before continuing for two days closing pulled up last minute. Already pulled up closing the day before, followed by today further drop. Then also pulled up closing today would be followed by tomorrow further drop again.

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2021-05-27 17:20 | Report Abuse

Someone pulled up to support the price in last minute but u can see the large queuing volume at seller side. This means someone intend to support the price for releasing and selling off tickets at certain price level. Thus tomorrow would be further down again.

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2021-05-27 15:30 | Report Abuse

Supermx drops more than other glove counters being more volatile because supermx is mainly dominated by retailers with less or no funds support even no support by its boss but other glove counters like topglove and hartalega have support from its boss and some local funds especially EPF.

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2021-05-27 15:20 | Report Abuse

Strong USD can't stimulate the stock price much. People won't buy glove stocks because of that. Furthermore it subject to change over the time and it's only part of fundamentals.

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2021-05-27 15:12 | Report Abuse

U also must think what issues can be raised in favour of glove counters other than pandemic issues. Usually the company good fundamentals and profitability would only provide the support for its stock price but can't have much stimulus on it, that means the stock price would be up but not so much high if the company profit is within investors expectation. Any other issues can goreng up glove counters other than pandemic issues? Will it be goreng up when no pandemic later? Just look back the history of glove counters to find its answers.

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2021-05-27 14:57 | Report Abuse

Yes there's always cycle of up and down in stock and it must be supported by a play theme based on certain issue raised in favour of it like the last year glove super cycle based on pandemic issues. But once it's over the problem is how long u have to wait for next up cycle to come back on the other new issues raised favourable to it. U might have to wait for long long time may be number of years.

Usually after its super bull cycle like glove counters now have many retailers trapped in it all waiting to unload their holding that form high selling pressure need long time to digest. With all these the funds and big players realize it is difficult to manipulate push up the stock price thus they usually would leave the counters just finished its super bull cycle not come back for long long time until the retailers trapped selling pressure to diminish over the time.

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2021-05-27 14:30 | Report Abuse

Issueing bond doesn't mean company has financial problem, this is only its financial strategy and resources allocation in order to get external resources on long term basis rather than short term borrowing or using off internal resources. Company ussualy would try to get external resources to finance its business expansion and try to remain its internal resources like its cash balance and cash float to finance its business operations.

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2021-05-27 13:07 | Report Abuse

Glove won't die but once be trapped or buy now if it doesn't go up much again conversely further drop then have to keep it and your money trapped long long time may be number of years nobody knows must be patient to wait until next new pandemic come. Bcoz it only can be goreng up when next new pandemic come but it would be long long time sleeping no goreng and being ignored by investors without the pandemic stimulus. Thus glove stocks are pandemic related stocks that it will be goreng rocket high towards its bull as pandemic arise but it would also be down like hell to become bearish as pandemic almost under control come to the end.

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2021-05-27 12:02 | Report Abuse

pjseow only know FA but totally know nothing about TA. Even too optimistic and over confident about the FA without considering the facts and other changing factors influencing the world wide glove industry. May be dare not face it and choose to ignore it.

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2021-05-27 10:48 | Report Abuse

Don't worry the price would be cheaper and cheaper over the time. U sure can get it cheaper and cheaper for u to upload, be patient to wait for it. Good luck.

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2021-05-25 17:18 | Report Abuse

That's big shark pulling up back to $4.45 to sell its tickets u can see very high volume on seller side. Price would continue to drop on following days.

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2021-05-25 14:23 | Report Abuse

Previously dropped to below $4, got some forreign hot money fund bought in pushed up and then local ibs speculation pushed also the price up to highest around $6.50 in recent rebound.

However, this time drop back to around $4 again might not have much rebound like the previous one if no forreign hot money funds and no local ibs come in for speculation and only some retailers buying as price drops back lower. Not necessary price drops back below $4 will rebound again, all ll have to see any forreign hot money and local ibs come in again but I don't think so in this time price reverse. This time it might drop further lower if break previous lowest $3.80.

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2021-05-24 17:03 | Report Abuse

Because many still in dreaming of glove mania will come and glove stocks price will rocket high that caused them missed the golden chance to release sell around $6.50 the highest in recent rebound. Forget the glove stocks mania, it won't repeat anymore now. U might have to wait until next new pandemic come for the glove stocks mania again. Be patient to wait for it. Good luck.

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2021-05-24 16:43 | Report Abuse

All the trapped ones especially in the floors $7 onwards have to keep the tickets long long time may be until next new pandemic come. Be patient to wait for that to rescue u. Good luck. Those trapped at high floors called them long term investment but with substantial paper loss as market price would gradually drop much below your investment cost, u would see your investment value declining over the time although the invested company still making profit.

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2021-05-24 13:11 | Report Abuse

Not smart just to buy for little dividend. The dividend u get can't compansate the loss as stock price drop after the ex-date.

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2021-05-24 11:19 | Report Abuse

Definitely be kicked out from klse index composite to be replaced by MR. DIY in this coming review.

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2021-05-24 11:15 | Report Abuse

Tomorrow opening price auto adjust 13 cents lower than today closing price for dividend ex.

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2021-05-21 20:40 | Report Abuse

新冠又一年◢ 首相:收紧MCO 3.0 经济 社会领域 更严限制
2021年5月21日 19796点阅 记者: 前线小编
(吉隆坡21日讯)首相丹斯里慕尤丁宣布,国家安全理事会今日召开特别会议一致议决,收紧现正落实的行动管制令(MCO 3.0),并对经济及社会领域添加更严厉的限制。


他指出,有关特别会议也涉及州政府,以考量各州政府的最新情况及他们的看法,以遏制新冠肺炎。

“有关额外限制的详情,将由高级政务部长(国防部)在5月22日的记者会上宣布。”

首相办公厅今晚发文告时,这么指出。

https://www.chinapress.com.my/?p=2519238

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2021-05-21 20:38 | Report Abuse

新冠又一年◢ 首相:收紧MCO 3.0 经济 社会领域 更严限制
2021年5月21日 19796点阅 记者: 前线小编
(吉隆坡21日讯)首相丹斯里慕尤丁宣布,国家安全理事会今日召开特别会议一致议决,收紧现正落实的行动管制令(MCO 3.0),并对经济及社会领域添加更严厉的限制。


他指出,有关特别会议也涉及州政府,以考量各州政府的最新情况及他们的看法,以遏制新冠肺炎。

“有关额外限制的详情,将由高级政务部长(国防部)在5月22日的记者会上宣布。”

首相办公厅今晚发文告时,这么指出。

https://www.chinapress.com.my/?p=2519238

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2021-05-21 17:35 | Report Abuse

Let see don't simply give your own assumptions to make fears.

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2021-05-21 17:32 | Report Abuse

Let time to present wait and see don't just talk on your assumption, let market to present your assumptions might be wrong.

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2021-05-21 17:18 | Report Abuse

Tomorrow ex-date for dividend, stock price would be auto adjust 13 cents lower than its closing price on the following day.

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2021-05-21 17:08 | Report Abuse

Those who wish to get at $3.80 might be very disappointed. Usually difficult to get the price u want, just buy in different batches at different price level to average down if u think the price can't be down much again like last year MCO bcoz last year no vaccines yet all investors including funds in fear thrown all the counters moved in glove counters but this time lock down with vaccinations in progress and seen effectively control in Israel, US and Europe that people no fear of the pandemic already used to it and can foresee the recovery in future. There's hope now.

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2021-05-21 16:48 | Report Abuse

People start panic buy now. Good and strong price support.

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2021-05-21 10:00 | Report Abuse

Remember last year lock down first time and no vaccines yet but this time people no fear and already have vaccinations in progress seen effectively control in US, Israel and Europe and others.

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2021-05-21 09:54 | Report Abuse

Not necessary this time might be different, let see.

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2021-05-20 16:50 | Report Abuse

Because many covid cases already happened in glove factories especially Top glove, this time MCO full lock down might have all glove factories to close stop operation also if it really happen.

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2021-05-20 12:01 | Report Abuse

Someone said today glove counters rocket high and recovery counters waterfall mana ada?

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2021-05-19 12:07 | Report Abuse

Yes u should be patient to wait until next new pandemic come. Good luck. Huat lah.

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2021-05-19 11:44 | Report Abuse

If the price can't shoot up much to above $6 by 25th this month (next Tuesday), it would be kicked out from klse index composite to create history to be the only one short-lived stock of only 6 months included in klse index composite.

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2021-05-18 19:23 | Report Abuse

No matter how good the company is, the main aim of investors is to make good money from investment. It's meaningless if u can't make money or even making loss from the investment in a very good, excellent profit making and cash rich company. This is just my view.

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2021-05-18 17:32 | Report Abuse

As I said already it's not abusive only the contrary views and comments that are very common in a free forum like here. Everyone also can post the view contrary to someone's here. May be u not used to it. Cool down.

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2021-05-18 17:20 | Report Abuse

What the shame of u? Force people to accept your views. People not accept your views and in opposite of your views are to be abusive?

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2021-05-18 17:14 | Report Abuse

It's not abusive only the posting of own views and comments. Which part of my postings are abusive?