Shorties used to hold hundreds of millions share of TG but recently they had trim it down to 12m...even shorties felt holding shorts at current price range risk is HIGH

After they had shed their shorts position and accumulated 400m shares about 1 to 1.05 for the whole month of Oct.. they may factor in the US tariff catalyst soon..

Since 7th of Oct, the price is trading between1.05 to 1.07... are our institutional friends accumulating?

TG short position at its lowest in the past 4 years. is something brewing?

Ya, just hold for another 3 months... the forward looking market maker will factor in the 50% US tariff soon


stainlyho37

just watch out this...!looks nice now...

institutional friends seems like cutting their short holding from 50m few weeks ago to 26m.. are they changing their short position to long?

https://theedgemalaysia.com/node/723288 Didn't see a BUY call from our institutional friend for a long long time..

You may take Harta latest statement release to get a picture on the glove industry at the moment

The group’s improved performance for the quarter was primarily due to a recovery in sales volume and increased average selling prices (ASP) during the period," said the group in a statement.

"Profitability was further supported by lower operating costs driven by improved production efficiency with higher capacity utilisation, it added Kuan Mun Leong, CEO of Hartalega

kshinann

any thought about Sept financial result?

Sir John Templetorn called it "Maximum Pessimism"

Glad to see TG had a positive Operating Cashflow

TG profit margin should be getting better for this Qtr...since the primary ingredient of OG is down from average price of USD76 in Q2 to USD71 in Q3.. 6% down for raw material and transportation cost...

If you put TG chart side by side with The Psychology of Market Cycle..we are in between of Depression and Disbelief Phase

I wonder what's the average price of 95m short position the shortie is holding..

2 billions of TG share traded since 16/03..thats 25% of TG outstanding shares~! no small fish can makan so much some big sharks is accumulating.. good time is coming soon..

Looking at the trading volume for the pass week..obviously some shark is accumulating... Technically a classic uptrend indication with passing MA200 and a Golden MA Cross

Hopefully we can pass 1.05 resistance today

Seems like glove sector is a safe haven to park IB money after they had exiting financial and tech sector~! crypto probably a bit too speculative

MYEG strike Back ~! Back to 3 soon~!

Should shorties believe it will go to 2.50..why start covering now...loss opportunity of 300m

co founder dumping 11% of its share at one go is not a good sign

I think we have too much expectation on TG...how many company in bursa make 1b in a QR..let alone 2.55b

but the ATM machines purchase will be complete at end year... those economic benefit can be really factor in by 2022

@Cheoki, i'm still waiting to enter at 4.50..hope they can push it down before QR announcement

myinvestor, if your calculation is correct, we shall expect a 27.7c of divvy..thats 5.45% yield in one qtr.. it's EPF one year yield...nice.. no matter how what sentiment are IB playing like glove dead, HKeX delayed or CBP issues...I received real hard cash from dividend every quarter..

if a company that still making billions in a qtr is dead... I think all the Top 20 Bursa company like maybank, public bank and petronas is equally dead as well..

will sell my O&G stock and average down my TG price when it tank to 4++

@huilipkooi, I wasn't so lucky

@covidwave4, i'm surprise why RSS didn't close during the 4.50 to 5.10 price range.

@micsoh, no worries now trend is on our side now..golden cross for MACD, MA and Oversold on Stochastic..normally basket will follow trend also..lolz

Any update on the Exxon mobil asset?

Yeah based on 2% of interest, with current price and number of shares shorties hold, they need to pay 70k interest daily. If you factor in the 25.2c they need to paid to their borrower..their price have averaged down from 5.70 to 5.448. I don't think they will stay on until next dividend payout which will be another 20c..I think shorty may close anytime from now to nxt qtr dividend

@fakevaccines, you are right..even Pfizer or Modena said it won't be end even after vaccine is out..WHO said its going to be an Endemic instead.. we need to live with it like seasonal flu or Dengue from now on and Bill Gates said we can be back to normal on end of 2022

@burstglove, mind to share the link on your news, i can't google it, and why Biden specifically mention MALAYSIA GLOVE..US is short of glove now and Malaysia is the largest glove exporter which supply 65% of world glove.. I will more convince if you mention CHINA instead of Malaysia

While some of us still struggling to buy TG due to media forecast on TG future. The insider (director and lim family) who had the firsthand information of the industry and company keep on hoarding the stock from the open market..

Whats the logic of exercising a warrant of 1.12 for a 66c in the open market??

I'll just hold till the x date.. 10 more trading days for shorties to pay extra 56m to the borrower

when the plant has started for its production..easily a RM4 counter

going to touch MA200 soon..a long term uptrend in the making

i thot they are in the midst of bidding of Exxon Mobil asset and thus raise CRPS. Since they needed the fund, why do they pay dividend?

@paktua, my bullet is ready for 5.30, just got out from O&G

@beastoftheast In the end the biggest winner of the short saga is EPF

@glovemusicend..I would be very thankful if you can push it down to 3.5..it will be very comfortable for us who have been waiting for a better entry price and ride it thru 9 again..

i think most have went to energy counter...good..i just got out and put bullet here when it's getting quiet..

@silentrader88, i think they should have known the technical chart is showing a reversing trend, however, their time is ticking closer to the record sales qtr and dividend..

@drgondrong, when retailer GAMESTOP them, it is unethical and manipulative, but when few IB boss sit down and decide which counter to push it is absolutely legit

About 15 trading days for nxt record revenue and dividend qtr..hold on guys.. by then the trailing PE might turn to single digit.. Good Luck to shorties

welcome back paktua

@micsoh, beware of jpm and macquarie come out and said hibi worth 35c only lolzz..

when I bought hibi at 0.625 back in september, then the oil price was 40 but now... oil price have shot up at 61..hibi is lower than 625..utterly nonsense..

what happen? Kena short?