@Pyh96, I'm not a contra player. I buy for investment not quick profit. I've done the same for AAX and AirAsia when many small fish like you so scared of bottom fishing.

Give you chance to buy much lower than last week. Still waiting for 20 cents ? Only if it triggered PN17 !! The company is going to sell gloves...still a good venture in longer term if covid-19 pandemic continue much longer. If company stick to the present business, the financial performance will surely much worst without the new venture.

Today volume done already shrunk significantly means sellers almost ran out of shares to sell. Only those weak contra players are selling. Time to accumulate more if fall around 30 cents.

Already down 8 days.. tomorrow still down ? This must be human act since no negative news about PNEPCB. Human act won't last forever. Surely the price should rebound strongly to the pre announcement of glove business in a few days time.

Those kiasi ikan bilis never be able to buy any shares in bursamalaysia. They just good in talking bla bla bla. Those daring investors in AAX and AirAsia already laughing all the way to their bank when they bought both at 4 cents and 50 cents a few months back.

Get ready for strong rebound. Don't believe ? Then happy waiting at 20 cents. Just like what happened to AAX and AirAsia when kiasi ikan bilis said they waiting to buy at 1 cent and 30 cents respectively. Until today still waiting !!! LOL !

PARIS: The novel coronavirus has killed at least 2,041,289 people since the outbreak emerged in China in Dec 2019, according to a tally from official sources compiled by AFP at 1100 GMT on Tuesday.

At least 95,476,360 cases of coronavirus have been registered.

Prepare to sailang....

No negative news to support the sharp fall... just a proposal to venture into glove business. What's wrong company wanted to sell gloves ? Covid-19 pandemic may last for many years to come, vaccine just to slow it down but won't be able to totally wiped out the virus.

Rubbish focus should venture into nasi kandar and laksa businesses in a big way. Maybe this ciaksai stock could move up faster.

Glove business should still be a very luxurious as the covid-19 will definitely won't diminished anytime soon. Why sellers so influenced by the convicted and untrustworthy J,P,M negative report on gloves ?

The price now is way below the price before it announced their venture into glove business. No other negative reason for it to drop so much. Definitely selling is overdone. Watch out for strong rebound today.

With long-term glove demand growth remaining intact — even after Covid-19 ends — we believe that the selling on PNEPCB shares is overdone.

Price now already fell below NTA, hoot9eee tomorrow !

No more last minute huge sale means those who purposely wanted to push down the price already ran out of shares, time for strong rebound tomorrow.

No free lunch in bursamalaysia... only fools will buy free warrant with their hard-earned money !

TP for kpower 0.80 by march

Big shark already accumulated millions of kpower, waiting to unload soon to small fish like gemfinder. Save your hard-earned money !

Lohchin counter...beware limit down soon !

If covid-19 could not be contained this year, the share price of Pnepcb should easily touch 2.00 by end of the year.

Just propose to sell gloves, why sellers so anxious to unload Pnepcb ? Glove should give huge profit to the company if covid-19 last until 2025. Covid-19 is not expected to disappear anytime soon even with the vaccines.

Malaysian like gemfinder happy to become foreign agent to tarnish Malaysia name. What a great shame to call yourself a Malaysian, gemfinder ! Gemfinder and the gang should migrate to bangladesh or Canada immediately, they will welcome you all with red carpet.

Short seller(s) might not want to close the short position on Monday. However, there are (at least)

3 factors that might force their hand:

1) Would it be viable to keep the short position open when the stock has actually risen in price (except for Kossan's) compared to the closing price from December 31, the last trading day before the shorting started? And this albeit the RM2 billion in short sales.

2) The upper limit of 4% for the net short position (i.e. the volume of shorted shares not bought back yet) specifically for Top Glove is approaching. According to the latest data published by Bursa the net short position on Top Glove stands at 2.80%, but that data lags by 1 day (see my explanation on that here). On Friday 1.5 million shares of Top Glove were shorted, so unless some part of the position has been closed, the net short currently stands at 2.82%, or 1.18% below the limit. The short position on Kossan, after Friday, likely stands at 2.14% of the company's outstanding stock.

3) The short seller(s) might not be able to find a willing lender of shares. At present, the short seller(s)'s best move appears to be to try one last massive attack, like the one from January 4, where they could cause panic sale, so that the market share prices could drop as much as possible. However, for some reason the short seller(s) have not done that yet, albeit the huge paper loss they are sitting on. One of the reasons might be precisely the inability to procure the necessary quantity of shares to execute on that plan.

In a nutshell, the short seller might currently be in a difficult position. If they do not continue shorting on a daily basis, the price may jump even more. But if they do continue to short, their losses are just going to continue rolling. Thus, closing quickly might be the best possible scenario, unless they hold a large volume of borrowed shares that they could short sell, and then buy back quickly after the market price tumbles down.

We will see how things play out next week.


(Source- Is the Big Shorts Over-Ben Tan)

Some Malaysian like gemfinder happy to become foreign agent to tarnish Malaysia name. What a great shame to call yourself a Malaysian, gemfinder ! Gemfinder and the gang should migrate to bangladesh or Canada immediately, they will welcome you all with red carpet.

Rubbish wd not moving at 2.5 cents...safe level to top up ? After split it will become 0.8 cents, worth buying now ? Downside is limited.

Gemfinder not a Malaysian. He probably a bangla or Canada CBC spy.

Malaysia should stop exporting gloves to Canada...let them produce themselves

Canada should produce their own gloves...lol

Malaysia should stop exporting gloves to Canada

So good why don't you buy alone quietly ? Doing charity here ? No thanks !

20 cents ?...happy waiting, maybe by Jan 32.

So many small fish here talking like an expert...lol

Waiting to sailang wd at 1 cent

When rubbish wd going to drop to 1 cent ?

Rubbish wd closing at 2.5 cents

Look at JCY and PNEPCB....many small fish looking for ah long for help.

Last hour push... it's a trap !! Beware !

Same trading pattern like PNEPCB

Closing green today...insider news

THE glove sector is getting a boost from Gas Malaysia Bhd which made a downward revision of its average selling price (ASP) of natural gas for the distribution segment yesterday.

This follows a 34.21% or RM11.51/MMBtu decrease in ASP to RM22.14/MMBtu for 1Q 2021 from RM33.65/MMBtu for 2020.

However, the caveat is that the natural gas selling price will be reset every quarter in 2021 unlike an annual review as in 2020.

“We expect the lower natural gas selling price to have a positive impact on earnings (about 1%) of rubber glove manufacturers,” projected TA Securities Research analyst Tan Kong Jin, pointing to the fact that natural gas accounts for circa 13% of glove production cost

THE glove sector is getting a boost from Gas Malaysia Bhd which made a downward revision of its average selling price (ASP) of natural gas for the distribution segment yesterday.

This follows a 34.21% or RM11.51/MMBtu decrease in ASP to RM22.14/MMBtu for 1Q 2021 from RM33.65/MMBtu for 2020.

However, the caveat is that the natural gas selling price will be reset every quarter in 2021 unlike an annual review as in 2020.

“We expect the lower natural gas selling price to have a positive impact on earnings (about 1%) of rubber glove manufacturers,” projected TA Securities Research analyst Tan Kong Jin, pointing to the fact that natural gas accounts for circa 13% of glove production cost

Limit up soon

Another bad year for Genting especially no income during cny

FGV ??

Wd even rubbish trading only 2.5 cents... after split less than 1 cent. RUBBISHHH....

Goreng rubbish stock...lol

Useless rubbish focus... hahahahh

Big contract coming soon...time to buy. Bargain price not to be missed.

Hahahahh...rubbish stock quickly delisted

Rubbish stock going to report highest profit soon