The 13th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, concluded on Tuesday, 5 January 2021.
The Meeting, which reconvened following an initial round of discussions on 4 January, reaffirmed the continued commitment of the participating countries in the Declaration of Cooperation (DoC) to a stable market in the mutual interest of producing nations; the efficient, economic and secure supply to consumers; and a fair return on invested capital.

In addition, the Meeting recalled the decision taken by all DoC participating countries at the 10th (Extraordinary) ONOMM on 12 April 2020 to adjust downwards overall crude oil production, the unanimous decisions taken at the 11th ONOMM on 6 June 2020, and the outcomes of the 12th ONOMM on 3 December 2020.

The Meeting highlighted the unprecedented events of 2020 and shocking impact of the COVID-19 pandemic on the world economy and markets, and commended the DoC participating countries for undertaking the largest and longest crude oil production adjustments in history in response to the exceptional challenges and market conditions caused by the pandemic.

It pointed out that rising infections, the return of stricter lockdown measures and growing uncertainties have resulted in a more fragile economic recovery that is expected to carry over into 2021. The Meeting recognized that market sentiment has been buoyed recently by vaccine programmes and improved asset markets, but underscored the need for caution due to prevailing weak demand and poor refining margins, the high stock overhang and other underlying uncertainties.

The Meeting acknowledged the need to gradually return 2 mb/d to the market, with the pace being determined according to market conditions. It reconfirmed the decision made at the 12th ONOMM to increase production by 0.5 mb/d starting in January 2021, and adjusting the production reduction from 7.7 mb/d to 7.2 mb/d.

The adjustments to the production level for February and March 2021 will be implemented as per the distribution detailed in the attached table. Production adjustments for April and subsequent months will be decided during the monthly ONOMM following the criteria agreed upon in the 12th ONOMM.

Public bank IB target price $9.40. Even the JP Morgan Two Monkeys TP
is $3.80 for Kossan But $3.50 for TopGlove. Either end of Spectrum, this counter close today at $4.05. Plenty of upside with minimum downside. Those naysayers please throw early tomorrow morning because I am impatient to go in and sapu

Wonder why they bark here if they don't hold the stock

Q1 2021, 50% of Profit to be payout as divident; Q2, Q3 and Q4, 70% of profit to be paid out as Divident. Please refer to Bursa annoucement. Its not rumours

Just announce another 20% special dividend for every Quater of 2021

For KLCI component stocks, limit down for whole day is 15%.
Maximum short sell amount is cap at 4% of issue shares

Lets ignore the rising no of cases despite the vaccine.
US population is 331M. So far about 18M infected.
Vaccinations uses gloves and most vaccine require 2 shots.
Lets say 70% of population is vaccinated. That works out to 70/100
X 331M X 2 = 463.4M pairs of gloves. Multiply by the no of countries during vaccination.

Lets ignore the rising no of cases despite the vaccine.
US population is 331M. So far about 18M infected.
Vaccinations uses gloves and most vaccine require 2 shots.
Lets say 70% of population is vaccinated. That works out to 70/100
X 331M X 2 = 463.4M pairs of gloves. Multiply by the no of countries during vaccination.

FYI... in case you worried about the gloves demand will dropped after Covid & Top Glove after the “supernormal profit”
Lets ignore the rising no of cases despite the vaccine.
US population is 331M. So far about 18M infected.
Vaccinations uses gloves and most vaccine require 2 shots.
Lets say 70% of population is vaccinated. That works out to 70/100
X 331M X 2 = 463.4M pairs of gloves. Multiply by the no of countries during vaccination.

2020. Fund managers only wining stocks are Gloves. So after selling to lock in profits, they talk down Gloves in the 4th Quarter. 2021 is a different ball game. They will be quietly buying gloves because of the earnings. Don't be fooled

2020. Fund managers only wining stocks are Gloves. So after selling to lock in profits, they talk down Gloves in the 4th Quarter. 2021 is a different ball game. They will be quietly buying gloves because of the earnings. Don't be fooled

2020. Fund managers only wining stocks are Gloves. So after selling to lock in profits, they talk down Gloves in the 4th Quarter. 2021 is a different ball game. They will be quietly buying gloves because of the earnings. Don't be fooled

Glove makers in for good run in 2021

https://www.thestar.com.my/business/business-news/2021/01/02/glove-mak...
After talking down Glove stocks for the last Q of 2020, the IBs and fund managers will talk good about gloves for the 1st Q of 2021. Lets watch if thats the case

Glove makers in for good run in 2021
https://www.thestar.com.my/business/business-news/2021/01/02/glove-mak...
After talking down Glove stocks for the last Q of 2020, the IB's and Fund Managers will talk up glove 1st Q 2021.
Less see if my prediction is true

Dec 2020 was the time local fund managers sell gloves stocks to lock in gains. After all, that is their only winning sector and their bonus is based on their fund performance. I believe local fund will buy gloves for 2021 for their yield. Already the last few days the local fund managers have being taking up glove sector.

Dec 2020 was the time local fund managers sell gloves stocks to lock in gains. After all, that is their only winning sector and their bonus is based on their fund performance. I believe local fund will buy gloves for 2021 for their yield. Already the last few days the local fund managers have being taking up glove sector.

Dec 2020 was the time local fund managers sell gloves stocks to lock in gains. After all, that is their only winning sector and their bonus is based on their fund performance. I believe local fund will buy gloves for 2021 for their yield. Already the last few days the local fund managers have being taking up glove sector.

Dec 2020 was the time local fund managers sell gloves stocks to lock in gains. After all, that is their only winning sector and their bonus is based on their fund performance. I believe local fund will buy gloves for 2021 for their yield. Already the last few days the local fund managers have being taking up glove sector.

Worse performing stock in 2020. Price on 31 Dec 2019 is 69 cents.
Closing Price on 31 Dec 2020 is 42 cents.
What kind of bull shit turn around story that Puan is taking about.
He turn upside down all the Investors who believe in him. Bring to Holland

Closing price on 31 Dec 2019 was $4.16. Adjust for 1:1 Bonus.
You can see that this Glove stock had gone up the least during this pandemic

Matter of time, the fund managers go back to yield. All this talk of recovery and cyclical stocks is not going to work out well for the market in general. At this price, I believe we should hold like FD for this 2021. Will be rewarded.

Vaccination going at very slow pace. In US they expected to vaccinate 100 m people by end 2020. Only got to less than 5 m.
Also there is a more infectious variant of virus.
End of the day, I believe we can hold this stock at this price for
the value.52 week low (before pandemic) for this stock is $2.038.
Now with extraordinary earnings, this stock had increase only less than 2.5X during this pandemic. EPF also buy again on the 28Th Dec at
average price of $4.80.
Kossan also got make rubber bearings and fenders.

ASB got money to throw. Lets just cooperate and buy slowly at 1 or 2 bids lower each time.

Posted by YayorNay > Dec 31, 2020 8:40 AM | Report Abuse
"Trust in what you have invested, these naysayers are not here to help you. Once it's green, you won't even see a glimpse of them, but they will hound you with fear mongering once its red. "
Obvious I will buy but gradually. Those who posted SELL,SELL,SELL got nothing to sell and are here to create panic so that they can buy cheaper

This stock is not being shorted. The last minute fall due to someone's indigestion

6012 MAXIS MAXIS BERHAD 73,994,976 0.95
5253 ECONBHD ECONPILE HOLDINGS BERHAD 6,825,302 0.49
7164 KNM KNM GROUP BERHAD 12,103,400 0.41
1589 IWCITY ISKANDAR WATERFRONT CITY BERHAD 3,306,600 0.40
6599 AEON AEON CO.(M)BHD 4,623,600 0.33
3204 GKENT GEORGE KENT (MALAYSIA) BERHAD 1,684,800 0.30
5703 MUHIBAH MUHIBBAH ENGINEERING (M) BERHAD 1,413,200 0.30
5248 BAUTO BERMAZ AUTO BERHAD 3,382,000 0.30
3662 MFLOUR MALAYAN FLOUR MILLS BERHAD 2,797,600 0.28
0166 INARI INARI AMERTRON BERHAD 9,065,816 0.28
6947 DIGI DIGI.COM BERHAD 20,734,788 0.27
4723 JAKS JAKS RESOURCES BERHAD 4,292,271 0.25
5210 ARMADA BUMI ARMADA BERHAD 14,308,375 0.25
5226 GBGAQRS GABUNGAN AQRS BERHAD 1,197,124 0.25
7113 TOPGLOV TOP GLOVE CORPORATION BERHAD 17,992,700 0.22
5218 SAPNRG SAPURA ENERGY BERHAD 33,675,845 0.22
1651 MRCB MALAYSIAN RESOURCES CORPORATION BERHAD 8,860,380 0.21
1023 CIMB CIMB GROUP HOLDINGS BERHAD 19,257,847 0.20
3417 E&O EASTERN & ORIENTAL BERHAD 2,748,856 0.19
4863 TM TELEKOM MALAYSIA BERHAD 6,801,600 0.19
7204 D&O D&O GREEN TECHNOLOGIES BERHAD 2,055,500 0.18
5288 SIMEPROP SIME DARBY PROPERTY BERHAD 11,799,042 0.18
1562 BJTOTO BERJAYA SPORTS TOTO BERHAD 2,333,126 0.18
2852 CMSB CAHYA MATA SARAWAK BERHAD 1,842,199 0.18
0138 MYEG MY E.G. SERVICES BERHAD 6,386,032 0.17
7668 HAIO HAI-O ENTERPRISE BERHAD 468,850 0.16
3069 MFCB MEGA FIRST CORPORATION BERHAD 723,400 0.15
4634 POS POS MALAYSIA BERHAD 1,119,881 0.15
5139 AEONCR AEON CREDIT SERVICE (M) BERHAD 357,100 0.14
5099 AIRASIA AIRASIA GROUP BERHAD 4,288,980 0.13
5243 VELESTO VELESTO ENERGY BERHAD 8,977,859 0.11
7052 PADINI PADINI HOLDINGS BERHAD 670,000 0.11

This counter is not even being shorted

6012 MAXIS MAXIS BERHAD 73,994,976 0.95
5253 ECONBHD ECONPILE HOLDINGS BERHAD 6,825,302 0.49
7164 KNM KNM GROUP BERHAD 12,103,400 0.41
1589 IWCITY ISKANDAR WATERFRONT CITY BERHAD 3,306,600 0.40
6599 AEON AEON CO.(M)BHD 4,623,600 0.33
3204 GKENT GEORGE KENT (MALAYSIA) BERHAD 1,684,800 0.30
5703 MUHIBAH MUHIBBAH ENGINEERING (M) BERHAD 1,413,200 0.30
5248 BAUTO BERMAZ AUTO BERHAD 3,382,000 0.30
3662 MFLOUR MALAYAN FLOUR MILLS BERHAD 2,797,600 0.28
0166 INARI INARI AMERTRON BERHAD 9,065,816 0.28
6947 DIGI DIGI.COM BERHAD 20,734,788 0.27
4723 JAKS JAKS RESOURCES BERHAD 4,292,271 0.25
5210 ARMADA BUMI ARMADA BERHAD 14,308,375 0.25
5226 GBGAQRS GABUNGAN AQRS BERHAD 1,197,124 0.25
7113 TOPGLOV TOP GLOVE CORPORATION BERHAD 17,992,700 0.22
5218 SAPNRG SAPURA ENERGY BERHAD 33,675,845 0.22
1651 MRCB MALAYSIAN RESOURCES CORPORATION BERHAD 8,860,380 0.21
1023 CIMB CIMB GROUP HOLDINGS BERHAD 19,257,847 0.20
3417 E&O EASTERN & ORIENTAL BERHAD 2,748,856 0.19
4863 TM TELEKOM MALAYSIA BERHAD 6,801,600 0.19
7204 D&O D&O GREEN TECHNOLOGIES BERHAD 2,055,500 0.18
5288 SIMEPROP SIME DARBY PROPERTY BERHAD 11,799,042 0.18
1562 BJTOTO BERJAYA SPORTS TOTO BERHAD 2,333,126 0.18
2852 CMSB CAHYA MATA SARAWAK BERHAD 1,842,199 0.18
0138 MYEG MY E.G. SERVICES BERHAD 6,386,032 0.17
7668 HAIO HAI-O ENTERPRISE BERHAD 468,850 0.16
3069 MFCB MEGA FIRST CORPORATION BERHAD 723,400 0.15
4634 POS POS MALAYSIA BERHAD 1,119,881 0.15
5139 AEONCR AEON CREDIT SERVICE (M) BERHAD 357,100 0.14
5099 AIRASIA AIRASIA GROUP BERHAD 4,288,980 0.13
5243 VELESTO VELESTO ENERGY BERHAD 8,977,859 0.11
7052 PADINI PADINI HOLDINGS BERHAD 670,000 0.11

The last minute sell down was definitely due to indigestion. Some big punter hoping to wait for last minute to clear position at higher price but had to dump at lower end. Only Supermax and Kossan down. Rest of Glove all up

Posted by Newbn00b > Dec 30, 2020 10:18 PM | Report Abuse
I wonder when will be the end of 0.48 CRPS announcement? Each time the related announcement is posted in bursa news, it remind me we are getting f^cked up by the management.
I collected quite abit at 48 and 48.5 cents. Sold to them at 49 and 49.5 cents. Must say that the buying is very strong.
On the other hand, the initial calculation that prompt my buying of this counter is all screwed up because of the 200 million CPRS at 48 cents. Anyway still holding a lot but making peanuts only.
Imagine no CPRS ie less 200m shares hanging over this counter

Only Supermax and Kossan drop. The rest of the glove counter went up today. Could be some force selling

Only Supermax and Kossan drop. The rest of the Glove counter still up.
Could be some force selling

Wah. Now cheaper than TopGlove. Supermax is always trading at atleast 50 cents over top glove

My God. Buy another 13.16 million shares in total under personal account. No wonder nobody short Top Glove anymore.

42 cents seems to be the base for now

Some serious upward move soon. Don't look at a few cents.
They already power up with cheap shares at about 18.5 cents.
Look at above 35 cents

Look at Bursa Stats. Very little short selling of Glove Stock already.
Time to buy

Look at Bursa Stats. Very little short selling of Glove Stock already.
Time to buy

Look at Bursa Stats. Very little short selling of Glove Stock already.
Time to buy

2 DAYS DOWN 10%. HAVE TO BUY AGAIN

Ya. Keep buying slowly. By Jan 2021, the local Fund Managers will go in again for the yield

Worse CEO. Stock price near 52 week low. What kind of turn around story

Bumi Armada got upgraded by a few IB's, UMZA got upgraded too, then Dayang got upgraded and Sapura Energy got upgraded by a few IBs too (although some still maintain very low TP). Wonder if they will upgrade Velesto since all in the same line of support services

Sold all

42 cents. 52week low is 39.5 cents. Only 5 bids away.
CC Puan meeting investors still on?

Grossly oversold. Volume also reduced. Shd be rebounding to 60 cents level soon

Hope CC Puan got some self respect lah. Mine average cost is 60 cents.
Elon Musk try to talk TESLA Price down, but the price keep going up.
If only CC Puan got 10% of his magic

CC Puan malu to talk with this kind of share price performance.
All the audience got to ask is this:
You talk so much but your share price is near 52 week low.
Worse is that the high is about $1.60. Now share price is not even 1/3 of the peak. How to attract investors.
Better to pasar malam and sell snake oil

PDT favourite shorting stock ..great show coming this January 1st
PDT short selling ban is extended till End Feb 2021. Regulated Short
Selling is allowed from 1st Jan 2021. Volume from regulated short selling is very small. Not popular at all. All traders can open account for regulated short selling but how many people do open. You sell morning U cover back same day. Limit on short sell amount (Total is 4% included the permitted short selling scrips). Plus normal commission charged by IBs, its very hard to make money. PDT is different. They got no stamp duty and its either profit sharing with IBs or very low brokerage.

Very strong support at $0.52 cents. Should rebound strongly.
Remember this support hold when the general market is very weak