Posted by Sslee > Dec 21, 2022 10:22 AM | Report Abuse

The true is chinaman cannot be trust. Most likely the money is syphon out by paying a fraudulent high price for crude oil in Q3.




Already proven time after time. Red chips are forever Red Chips. How can they become Blue Chips? You have to wait till you see cow jumps over the moon.........

You believe in Reuters news? Fake news generator forever!

Where? When?

Told you selling into strength was on 14 Nov 2022, it was at 99.5 sen. Not asking it to break any price, so black hearth white heart has nothing to do here.

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

I heve never been Tan SRi Glove enemy, and never been acted like one. Firstly, I just giving my opinion all glove counters not a good buy right now.
Secondly, I just giving my opinion SBB was not really effective as a tool to help its share price.
Thirdly, Tan Sri Glove already wasted a golden opportunity to maximize potential of using windfall profit to grow Top Glove business like YTL.

I never say he is bad boss. He just made a very grave mistake to drain away so much cash instead of using the crisis to reap maximum profit for the shareholders. If he paid attention to how YTL growing to what it is now, Top Glove shareholders will benefit even more.

But the opportunity cost was so enormous!

You should learn from other people's mistake. To learn from your own mistake could be very costly.

Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Dec 2, 2020 7:57 PM | Report Abuse

What is the difference when come to SBB Parkson vs Top Glove?
Parkson started SBB from 6.70 (01.04.2008) all the way to 0.615 (31.01.2017) for whopping rm 2.1 billion.
Top Glove started SBB from 8.00 (04.09.2020) to 6.70 (02.12.2020) with lowest price paid 6.12 (10.09.2020).
Both companies were buying back everyday non-stop, and prices still drifting downwards non-stop.
Why SBB?
Why even with non-stop SBB (created artificial demand) but sellers keep coming?
Who are the sellers?
Why supplies exceed demands?
Simple logic of supply/demand equilibrium and you need not be an economist to understand that!



Note: Parkson has since sold all treasury shares at huge loses even at low of 19 sen. https://klse.i3investor.com/servlets/stk/annshrtxn/5657.jsp

It was then past continuous event at the height of the pandemic. At that time Top Glove still flushed with cash. It was the failure not able to make use of the financial muscle to make sound investment like acquiring land and property. YTL was good during earlier financial crisis to acquire so much property in Bukit Bintang from distress owners.

Agree Tan Sri Glove gave so much dividend to all shareholders very good, including himself. BUT BUT it was the lousy move spending so much money SBB, just like the Meow Meow King in Parkson. Any difference between the both? Share price still going holland.

Top Glove earlier profit was real. That is the reason it can declare so much dividend, not like HYR. More so when Tan Sri Glove initiated SBB which was a very very grave mistake to drain company's financially.

You should buy into Top Glove only after all these fly-by-night close shop. Not to say Top Glove not good, merely the environment not conducive for the time being.

Not Asians are helping Ukraine. It is only one Singaporean and no others.

Face mask manufacturers in China mostly already close shop. US sole manufacturer three quarter dead. Next round surely many Malaysian glove manufactures will close shop. Not sure how many in fact already close shop, but at least we know Harta scales down the suppose expansion near Kayu Hitam.

Tan Sri Glove already warn you. Wait for next QR to verify his advice.

Blog: Collapse of govts, industries, companies does not happen overnight By Tan Sri Dr Lim Wee Chai

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

What blue chip? Already yellow chip lah. It is still a lemon until all fly-by-night close shop.

FED expected to raise interest rate up to 5.75% before easing.

To believe HYR made rm 10 per share, is to believe 'Cow can jump over the moon'.

Top Glove profit was real, so did the dividend pay out.

HYR profit was dubious, so it couldn't pay that sort of dividend.

If company claimed to make rm 10 per share, can only afford to pay you 10 sen dividend. Do you still think the profit is real?

If you cannot trust its audited account, and if you think the account is grossly unbelievable, what should you do?

A lot depends on BOD. BOD not credible and no integrity, company go fly kite.

Collapse of govts, industries, companies does not happen overnight By Tan Sri Dr Lim Wee Chai https://klse1.i3investor.com/blogs/savemalaysia/2022-11-02-story-h1651129466-Collapse_of_govts_industries_companies_does_not_happen_overnight_By_Tan.jsp

Blog: Collapse of govts, industries, companies does not happen overnight By Tan Sri Dr Lim Wee Chai

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

HSR is good for JB-KL-Penang minus Singapore. Singaporeans love to piggy back and take advantage on Malaysian tax payers. Ask them to go fly kite.

Taiwan digging its own grave, so as TSMC. Once 3nm, 4nm, 5nm all produce in US, TSMC chips cannot sell to the world biggest customer, i.e. China, but only can sell to US and its machai. TSMC ball will be squeezed if not taking order from the US. Again Taiwan survival will no more critical to the US and its machai, can let it fall and die, who care?

It is not a buy call. It is an example of how fierce year end window dressing can be, just like tsunami wave after wave. Already having lorry load, just wait to unload towards the end of the year.
Anyway, buy low sell high is the way to make money.

Posted by ks55 > Dec 4, 2022 2:31 PM | Report Abuse X

I made grave mistake by not buying enough SP Setia at 41.5 sen, knowing pretty well SP Setia will conduct yearly window dressing fiercely. Just for info, window dressing for SP Setia already started, and will going through till Christmas holiday, best still is up to 4.45pm/ 4.49pm 30 Dec.

KYY is not a party to be blamed?

@Sslee -- Can you please do a research to find out what had happened to all the Red Chips listed in Bursa Malaysia? All very happy ending or otherwise, just to please some newcomers in i3........

Check history of dividend pay out vs audited profit. You don't feel fishy?
https://klse1.i3investor.com/servlets/stk/annent/4324.jsp

If cash is real, claimed to make rm 10 per share, the very best can declare only 10 sen. Any difference from XinQuan?

In the worst case scenario, after all the money disappear, the refinery will be on fire, just like another Red Chip.

Red Chips are master of creative accounting. Any difference between HYR and XinQuan or any other Red Chips?

If you have no confidence in the company's BOD, don't go near to it. If your already been trapped inside, vote with your legs. For Red Chips, safest is just ignore it. Don't bother to believe in what their External Auditor need to say. Xinquan is a very good example, where cash in the bank can just disappear without a trace. HYR being a Red Chip stock, it is no different from other Red Chips.

DSAI's Unity Govt should be safe for next 5 years. Unlikely to change 3 PM in 5 years with those political frogs jumping here and there to look for biggest benefits.

At least Genting, Magnum, Sport Toto, Big Sweep, Turf Club all safe. Govt income on gaming tax, corporate tax, entertainment tax will not be affected.

Year end window dress for SP Setia already begin. Hope if will be all the way to Christmas, better still is up to 4.49pm 30 Dec.

I made grave mistake by not buying enough SP Setia at 41.5 sen, knowing pretty well SP Setia will conduct yearly window dressing fiercely. Just for info, window dressing for SP Setia already started, and will going through till Christmas holiday, best still is up to 4.45pm/ 4.49pm 30 Dec.

US should be the one to show sincerity first. Why still supply arms to Ukraine if you want to have peace talk?

Best if can cap oil price at USD 10 per barrel. Then Russian economy will collapse straight away. Why $60 instead of $10? Why still need to import oil from Russia? US is the biggest oil producing country, if US decide to sell oil at $10 per barrel, EU will be able to get US oil cheap cheap. Why EU ministers are so dumb? Cap US oil at $10 and the whole world will benefit.

For year end window dressing, go to SPSetia.

If you think Red Chip counters not credible, then vote with your legs. There are more than a thousand stocks for you to buy (or punt if you like).

Just compare it with XinQuan. Notice any similarity? Red chip is forever red, won't change colour to blue or green.

Creative account been practised to the highest order. Chinese use to say Closing both eyes talking cock.

Who is this Sunak to interfere with China's domestic affair? Want to decouple with China, please go ahead. UK is a declining 'super' power, whether militarily or economically. Fast moving into Lesser Britain and a bankrupt country.

UK PM is an Indian. What is this Indian so concerned how China treats Covid pandemic? Clearly this Indian is interfering with China internal affair. Any damages due to China retaliation is self-inflicted.

Red chip what do you expect?

Qualified CA does not mean he can make a good FM. You know what? In 1997/98, many CAs went bankrupt!

To be a competent FM, he must have market exposure and experience. Best candidate based on skill, knowledge and experience should be Nazir, irrespective if he is the younger brother of Najib. To appoint him as FM, is to make him contribute (pay back) to a nation as much damage was done by his elder brother.