Another Anchorage Meeting. This time is China/Russia on one side, US/UK/Australia/Australia on the other side. Germany and France abstain. India as usual, will never commit.
Interesting to find out whether President Xi and President Putin will be pointing fingers and tell Sleeping Joe that 'you are no more talking to us with strength'. China and Russia should in the first place need not attend so-called 'Climate Summit' host by US. US has left the Paris Climatic Accord and has no more locus standi to deal with any climate change. Both China and Russia may take this opportunity to give Sleeping Joe another Black Eye after the Anchorage fiasco.

Glove and face mask producers are in the same boat.
China is so versatile to convert even car manufacturing facility (BYD) into face mask factory.
Post pandemic, surely both glove and face mask will be over supply.
Will the pandemic last for another year?
All fly by night before they can produce any glove will have to tapao.

Why Malaysian companies should avoid Bangla workers at all cost.
https://www.thestar.com.my/news/world/2021/04/17/police-kill-4-in-clashes-witf-chinese-backed-power-plant

We are subsidizing American usd 980 for every ton of the plastic waste imported into Malaysia!

Why import plastic waste from countries that condemn Malaysia? Do we really need to look for penny at the expense of environment?
Who are the 'importers' of the waste? Why no law to punish them?
Who give license to the recyclers? If they operate illegally or not abide to rule and regulation, they must be punished!

Not to forget each plastic bag is selling at 20 sen. Govt gave the excuse that Malaysia must reduce plastic bag usage. One kg can have how many plastic bags? For every one ton how much we Malaysian have paid to Jusco, Tesco, and KFC? Is it not foolish on the govt part to charge rm 100k for every single ton of plastic in Jusco, Tesco and KFC, but to allow importer brings in the waste at rm 100 per ton? Not to forget, waste disposal in US may be usd 1000 per ton!

Top Glove violated human rights for forced labour?
Look at the video below to assess who is actually committing human rights violation. If US claim number 2, no country can claim number 1.
https://www.youtube.com/watch?v=COFiA1DNJ50

What the hell!
You go supermarket, they charge you 20 sen per plastic bag.
You go KFC, they charge you 20 sen per plastic bag.
The reason govt gave was to reduce plastic bag usage.
Now govt permits plastic waste import in containers from developed country like US!
Govt of Malaysia is going to make our country dumping ground of waste, but punish us when we tapao take away food!

Ask US to show proof.
It is against natural justice not be given the rights of being heard against such allegation.
US not govern by rule of law?
US legal system is above law of natural justice, or it is just practicing law of the jungle?

Foreign workers are like living in heaven in Malaysia.
They are pampered with free housing and transportation.
They have their stomach fill with edibles.
Just look at their lives in home country, they live like animal and feed like animal. Yet they want to have life of the US workers!

TOP Glove should just stop exporting to the US.
Pandemic in US still very bad. No surgical glove from Malaysia means US front liners all will be exposed to Covid virus.
Let POTUS plead to Malaysian glove producer to save lives of the Americans.
Later on, just jack up the selling price to teach US a lesson as it like to champion 'human rights'.
Alternatively, stop employ all the Bangla and Nepalis, for they are the most ungrateful that bite hands feeding them.

UK is a sunset country, yet try to act as Tarzan. More retaliation against UK on the way. Next could be Foreign Secretary Raab for talking nonsense and lies.
https://www.youtube.com/watch?v=ncqgJA0a3p8

China met US face to face across the table in Alaska.
What China told US? STOP IT! You are not talking to China from strength. We are thinking too high on the US, how come basic diplomatic protocol also fail to comply with?

https://www.youtube.com/watch?v=ncqgJA0a3p8

President Xi told Sleeping Joe. "I spent my whole life building China to what we are now. As long as I am in charge, nobody is going to knock it down. Whoever govern China, must have iron rod with him, or giving up"

https://www.youtube.com/watch?v=ytMXSLeqFMY

"The world leaders have been asked to attend the two-day meeting meant to mark Washington's return to the front lines of the fight against man-made climate change, after former president Donald Trump disengaged from the process."

Just look at the wording "have been asked to attend" is equivalent to " have been instructed to attend". Who is this Sleeping Joe to give instruction to President Xi and Putin? He must be a drunken to consider using such wording when dealing with other world leaders.

Why President Xi and Putin should not attend this virtual 'summit'?
1. This meeting is not sanctioned by a legitimate body UN recognized.
2. Sleeping Zoe is just the POTUS, president of just another country.
3. President Xi and Putin were not invited personally. So need not respond at all.
4. US already left Paris Climate Accord in writing. Climate change does not concern US any more. US can go and fly kite now.
5. By NOT attending the 'summit' called by Sleeping Joe, China and Russia need not recognize the 'Outcome' and 'Oblige' or 'Binding' to what US lay down.

If Boris Johnson dare to say something to President Xi in similar tone, UK will be next Australia!

President Xi told Sleeping Joe. "I spent my whole life building China to what we are now, as long as I am in charge, nobody is going to knock it down. Whoever govern China, must have iron rod with him, or giving up"

https://www.youtube.com/watch?v=ytMXSLeqFMY

President Xi told Sleeping Joe. "I spent my whole life building China to what we are now, as long as I am in charge, nobody is going to knock it down. Whoever govern China, must have iron rod with him, or giving up"

https://www.youtube.com/watch?v=ytMXSLeqFMY

"The Democratic president said he had made it clear to Xi that the United States was not looking for confrontation, but would insist China abide by international rules for fair competition, fair trade and respect for human rights."

Is it true US practice what it preaches?
Fair competition?
Fair trade?
Human rights?

Sleeping Joe talks with both eyes closed.
How is he going to stop China from growing bigger in terms of GDP? China has 1.4 billion people vs US 380 million. If per capita income of China is half of the US, GDP of will be 1.8 times of the US. Sleeping Joe must go back to kindergarten to learn how to count 123.

BBC and Channel 4 should concentrate to dig how come UK deteriorate so fast from Great Superpower of yesteryears to be a third world country, and heading to become a pariah country in 10 years to come.

These fella could not show proof, simply rely on BBC report which are known to be fake.
BBC is well known to fake news in order to pull audience.
Channel 4 in UK did the same thing to compete with BBC, all are King of Fakes.

China should sanction US Secretary of State, UK Foreign Secretary, Canada Prime Minister, Australia Prime Minister in addition to whosoever already sanctioned for telling lies.

Must be the biggest joke of the century!
What is the population of India?
Why FX Reserve is just slightly bigger than Singapore?
If India FX Reserve is anything to shout, Indian Rupee won't be at 72 to a US dollar.
How to be a 5T dollar GDP with Rupee keep on dropping?
India's GDP is likely to be Rs 134.4 lakh crore as against Rs 145.7 lakh crore in 2019-20. At 72 to a dollar means Indian GDP is now at 1.86T USD. If you go and search any article written by Indian, is still want to claim a 2.8T dollar GDP!!!!!!!

Dulu UEMS/Ecoworld merger. Now Boustead privatisation. Credibility of GLC all down the drain. Semua main wayang in order to maintain share price.

If rakyat still want Perikatan to be the govt, component party with most MP must be given first preference to be PM. In this case, anyone from UMNO to be the PM!

Who command most number of MPs to be appointed as PM.
Is Muhyddin has the support of 50% + 1 MPs? If not, he must resign!

HSR from KL to Singapore benefits Singapore more than Malaysia.
Just build 15 km but going to claim all the benefits.
Something very wrong in the first place as why should last station is at Jurong East and not Nusajaya? Simply to give all the convenience to those arrogant fella, now we have to pay close to rm 900 million as compensation!
Can we have a breakdown as how the amount derived? Show us how much actually spent by Singaporean Govt. Please work out as per man-hour basis. Land acquisition of Jurong Golf and Country Club must be excluded.
Generally, I don't trust Singaporean. They will bully those who are weaker than them.

Arrest Donald Duck after 20th Jan.
Charge him for abetment.

Make it fast.
Let Donald Duck be the first POTUS actually impeached.

“亮丽风景线” as proclaimed by US Congressmen during Hongkong mob. Same goes to Capitol Hill.

Wistron should just close down its factory in India, as there is noway to hire direct without going through unnecessary 'toll'. Then hire via 3rd party will subject to a lot of con work and cheating (CBT).
Right now there is one Wistron factory operating in Port Klang, and another one coming up in former Western Digital site at Sungai Way.
Malaysia is the best location to relocate (if so required) high end production from China to avoid trade war with US. You need not be an economist to know the reasons.

You think US provide free accommodation to foreign workers from Mexico or the Asians?
Why should local employers looking for trouble by providing shelters free and only get blamed by those western 'superpowers of yesteryears' like UK?
These foreign workers come here to get employment. Living condition is very very much worse back home!

Malaysian employers should pay them higher wages, and let them find their own accommodation like local employees.

Top Glove running out of money now.
Buy back so little share, no wonder going closer and closer to holland.

www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id

It is immaterial whether JPM issues a SELL call. After the pandemic, many new glove players will just close shop.
If you trust Buy/Sell call from the IB's, might as well try your luck tossing a coin.
Public Anal-list is the best among all Malaysian IB's, 9 out of 10 bring you to holland.......

It will be very similar to face mask produced by China.
BYD as one of the biggest car manufacturer can move into unrelated face mask producing business, just like many other China's manufacturers.
I doubt it has also ventured into glove manufacturing.
Need not be long, but simply for this party.

JPM silence on new market players enticed into this new found land.
Check which are the companies in China ventured big in glove industries.
Look at the new entrance from Thailand.
Don't forget about the fly-by-nite players in Malaysia.
Also check out existing glove manufacturers expansion spree. KLK has been in rubber glove industry decade ago.
Hurdle to set up new glove manufacturing plant is damn low. A very low tech content where every Tom, Dick and Harry can join the party while the music still on. By the time music ends, all fly-by-nite go to holland.

No worry.
What EPF makes all come back to us.
What SBB loses all bear by company.
Tan Sri is not losing a single sen extra other than his proportion in the holding (of course plus his direct holding in Top Glove).

Yes. Tan Sri buy back more with SBB from 8.00 all the way down. So company loses more everyday. https://klse.i3investor.com/servlets/stk/annshrtxn/7113.jsp

EPF selling more everyday to Tan Sri via SBB. EPF makes more.
https://klse.i3investor.com/servlets/stk/annchsh/7113.jsp

Surely you must be very happy!
Why do you buy the stock in the first place?
Value for money, correct?
Since you already see value in that stock, any thing cheaper will see more value in it. Buy more!
Only if you are a punter. You want to take a free ride. You want to be a day trader. You are using OPM. Or you don't know what have you bought.
So after your bought the share, and the price start to come down. Don't blame others but your own self!

https://www.malaysiachinainsight.com/2020/12/13/malaysia-to-fly-solo-pay-off-singapore-in-hsr-deal/?amp
This is a good piece of news.
Why should Singapore enjoy free ride built with Malaysian's sweat and blood?
Bloody Singaporean wants to dictate terms even it is just build very very small portion of the HSR.
HSR should have last terminal in Nusajaya, that will save billions extra cost.
If Singaporean really want to enjoy fast train ride, just come over with a Grab car.

Syiok sendiri.

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!

I would prefer Top Glove to close down all its factories in Klang until the pandemic is over.
Top Glove can pay rm 166 million to agencies in foreign country which does not fall under its obligation to source foreign workers. If it pays to local agencies to get the workers is ok. Foreign workers must foot the bill if they want to work here.
Top Glove never fulfill its CSR when the CEO just let the virus spread freely aound the neighborhood. At the end, Klang people suffer like no people's business.
Top Glove must pay compensation to Klang people.

We suffer because of Top Glove.
Don't you think Top Glove CEO owes us an apology?

Any similarity?

https://klse.i3investor.com/servlets/stk/annshrtxn/5657.jsp

https://klse.i3investor.com/servlets/stk/annshrtxn/7113.jsp

Top Glove is falling into the same trap as Parkson few years back.
Who benefited from the share buyback?
Why share buyback right now?
The volume buyback and the amount pay could be better used to acquire more industrial land to expand its operation, more beneficial in long run.
EPF selling, why selling? When will EPF stop selling?

Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Nov 25, 2020 10:27 AM | Report Abuse

12. Share Buy-backs are weakening the balance-sheets even of the most cash-rich firms.
Is Parkson really cash rich? How about 89.39m interest paid for 9 months on 2.49 billion borrowings? Since 2008, WC already used up 2.1 billion to buy back Parkson shares, otherwise he could have saved 75m on interest payment for 9 months.

13. Parkson share buy-back has become a kind of corporate cocaine that induces a temporary feeling of invincibility but masks weakness and vacuity. It has become a norm for any punter to buy by 4.30pm, then park to sell at 4.49pm. WC is going to pay these punters 'toll' to push up closing price everyday. He cannot stabilize Parkson share price with such tactic, but just draining the valuable cash.
Worst still it become clear for WC to commit suicide by drinking sea water in the ocean to quench thirst (飲鳩止渴).
Sooner or later Parkson is going to bleed to death.

14. Please don't tell me WC cannot understand the logical reasoning above. To me, he is paying peanuts to get monkeys to run his business empire -- from the very top to the sales personnel.
Don't believe, just go to any Parkson outlet to see what are the sales girls doing......



NOTE:
WC SBB amounts to about rm 2.1 billion, starting from around rm 6.70 to about rm 1.60. Now all the cash gone.

Top Glove start buy back its own share at around rm 8.00
Will the company spend spend rm 2 billion to prop up its share price?
Paid up capital in terms of number of shares outstanding is much bigger than Parkson. Can amount (say rm 2 billion) enough to stop its price to drift lower and lower each day?

How much Tan Sri Glove has bought back with SBB?
And the share price still falling?
https://klse.i3investor.com/servlets/stk/annshrtxn/7113.jsp

Will govt ban its glove from exporting?
Will Donald Duck institute penalty on Top Glove for exporting contaminated glove supposed to be used by medical staff as PPE?

https://www.economist.com/business/2014/09/12/the-repurchase-revolution