The implementation of a windfall tax on companies that are making money is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

Shorties covering and they are now day trader.
13/07/21 218721263 -2823018
12/07/21 221544281 3671500
9 /07/21 217872781 -1999910

comparison of top4 net cash and debt.

Company Netcash Total debt
1.TG 4.713b 499m
2.Supermx 3.986b 311m
3.Harta 2.669b 344m
4.kossan 1.249b 496m

Rich in cash and low in debt.

Intco Medical’s share price [SHE:300677] crashed 20 percent to end the day at CNY114.12 (USD18). Its convertible bonds, with the ticker SZ123029, tanked 17.74 percent to CNY1,408.85 (USD221).

President Liu Fangyi intends to divest 6 percent of total share capital, or 21.8 million shares, over the six months starting from June 24, the Zibo, northeastern Shandong province-based company said yesterday. Liu is the biggest shareholder with 38.91 percent equity.

General manager Chen Qiong, two deputy GMs and the chief financial officer will also reduce their combined stake of 0.28 percent by 0.073 percent, it added.

Chinese stocks constantly scamming the investor. Many of retailers in bursa had been scammed by red stocks.
https://klse.i3investor.com/blogs/rhinvest/2015-09-29-story83603-Listed_China_Companies_in_Malaysia_Market.jsp

Boris Johnson telling their people to takes care themselves and treat covid19 as influenza. Health Analyst predicted the new cases for UK to soar to 100k in August. Will expect thousand of people hospitalize in NHS.


https://www.dailymail.co.uk/news/article-9761491/Britains-daily-Covid-hospital-admissions-breach-400-time-MARCH.html

Most of factories in industrial site in Johor already open today.

Intco production capacity 90% vinyl and 10% nitrile. At present they are unable to supply enough nitrile to world. There is no update news and detail plan about latest capacity and expansion. Furthermore the FMCO in Malaysia with further disrupted the gloves supply chain. Probably another 20b-30b shortage in month of July.

Vaccination rate doses/100 people comparison between Malaysia and other top countries.

Malaysia vaccination rate doses/100 people- 35.12 (daily new cases 11k)
Indonesia -18.75 (dnc-40k)
India-27.34 (dnc-31k)
Vietnam-4.15 (dnc-2.3k)
Singapore -105 (dnc-26)
Philipines -11.97(dnc-5.2k)
China-96.05 (dnc-27)
US -99.91 (dnc-15k)
UK-119 (dnc-35k)
France -87.51 (dnc-1.3k)
Brazil-53.85 (dnc-17k)
Spain-99.7 (dnc-11.3k)


The vaccination rate seem doesn't correlate with daily new cases. Like US n Uk with high vaccination rate of almost 100%% still have 15k and 35k new cases respectively.. The countries like China n Singapore with better crowd control ,testing and isolation are able to maintain below 50 cases daily. Spain 99.7 vaccination rate still has high new cases of 11k daily.

The delta variant now accounts for 95% of all new cases sequenced in the U.K. and where Britain goes, it's likely that the U.S. and Europe will follow, experts believe

Shorties covered past 4days last week.

09/07/21 217872781 -1999910
08/07/21 219872691 -13923650
07/07/21 233796341 -9170041
06/07/21 242966382 -50000

UK now face double blow. Increasing of delta infection after Euro2020 and failed to win the Euro2020 cup.

Paris, Woman of 90 years was infected with both virus variant Alpha and beta before her death.

https://www.thesundaily.my/world/90-year-old-infected-with-two-virus-variants-at-once-MD8050790

Note: A persons can infected with multiple variants. Present vaccine may protect some type of variant. If the multiple variants attack to the persons body then is other big issue.

Report: US Medical Stockpile Running Low as Delta Variant Threat Looms
TEHRAN (FNA)- Supplies of critical medical products in the Strategic National Stockpile are still well below federal targets more than 18 months after the coronavirus first emerged in the United States, according to internal data obtained by POLITICO.

The federal government has built up the stockpile significantly over the last year. There are more than 35 times more N95 respirators and 10 times more ventilators available now than at the start of the COVID pandemic. But the nation is still short hundreds of millions — or more — surgical masks, gloves and gowns.

Data from the Department of Health and Human Services show the stockpile targets include 265 million gowns, 400 million surgical face masks and 4.5 billion gloves. But the current inventory includes only 17.5 million gowns, 273 million surgical masks and 525 million gloves, according to an HHS spokesperson. That’s anywhere from 6.6 to 68 percent of the recommended stock, depending on the item.

Retailers can kill shorties if they arm together, no need FF help.

Retailers can kill shorties if they arm together, no need FF help.

AMC going to short squeeze soon. Shorties busy to cover there. Here bursa they will liquid the fund here and cover the Amc.

Past 3 days covered by shorties.

-13923650 8/7
-9170041 7/7
-50000 6/7

Shorties will cover as many as possible when the price is below 3.7. Probably they will cover another 10m shares today if the price is right. It took them another 24 days to cover all the shares.

Yesterday down, offered by opportunity for shorties to cover 13.9m at very low price. Yesterday, investors panic sell.

Opec is doing same thing to maintain the oil price. Cut production when there is glut. Gloves companies , can also doing the same cut production where there is glut or unfavorable ASP price.

When gloves supply is cutoff, the fear of shortage, all countries dominate by delta virus will try to stock up as many as possible for future use. ASP will definitely shoot up near future..

Oil fell for a fourth day in New York as concerns over the delta coronavirus variant rose, and the Saudi Arabia-UAE dispute kept the market guessing on the prospects for supply.

West Texas Intermediate futures lost 1.6 per cent. The World Health Organization urged caution on the pace of reopenings worldwide, with many regions seeing infections spreading. Indonesia is in the throes of a major outbreak, Thailand is set to consider a partial lockdown, and Japan is planning to declare a state of emergency over the Tokyo Olympics.'

Post removed.Why?

shorties gang suddenly so quiet. Could be right time to cover.

Sydney locked down for another week as Delta COVID-19 variant spreads

https://www.reuters.com/world/americas/sydney-covid-19-lockdown-be-extended-another-week-media-reports-2021-07-06/

which other producers can produce 20b nitrile gloves a month now? Intco? 90% vinyl glove 10% nitrile.
Biden might call our PM if the Emco prolong to Aug.

Malaysia EMC0 has forced stoppage gloves production for Top4. World will experience a shortage at least 10-20b of gloves in July.

Citadel Loses Billions: Hedge Funds Are Getting Dragged Down
Hedge funds such as Citadel and Melvin Capital are losing billions of dollars, and fast. They’re shorting a stock that is no longer on the brink of bankruptcy. This company is AMC Entertainment and it’s revival is thanks to the millions of retail investors buying the stock.

Citadel is one of the largest hedge fund managers in the world. And they’ve subsequently managed Melvin Capital to the ground. Melvin Capital suffered a loss of over 50% its first quarter in 2021 due to shorting AMC Entertainment and GameStop.
https://franknez.com/citadel-loses-billions-hedge-funds-are-getting-dragged-down/

Adding to the shortage of gloves is the possibility that Covid-19 cases, which had caused a surge in the demand and hence price of gloves before this, could continue to peak due to new variants of the virus. Hence, some analysts are not downgrading the glove sector as yet.

“Coupled with the findings that Covid-19 is more active during winter months, we reckon it is too early to rule out the possibility of Covid-19 cases rising in key markets again in the coming months, which would inevitably increase the demand for disposable gloves, ” HLIB said.


https://www.klsescreener.com/v2/news/view/850557/supply-shortage-for-gloves

Sales that avoided clearing agencies could fail – not be delivered — without buyers’ brokers reporting the fails to the DTCC or buying in, requiring the short sellers broker to buy shares on the market and deliver them. To protect short sellers and avoid Reg SHO, dealers went ex-clearing. They either cleared internally or with a cooperating broker-dealer or they went through dark pools. They were private exchanges set up by the big prime brokers and banks.

The major perpetrators of naked short selling are the large banks/prime brokers, doing it for large clients, hedge funds, or their own accounts. If they can do the transaction privately [ex-clearing], RegSHO doesn’t apply. Now about 40% of trades go through dark pools. If a trade failed ex-clearing, it didn’t fail at the DTCC!

Reg SHO also didn’t apply to derivatives, the financial casino bets acknowledged as a prime cause of the current economic crisis and which also did not trade through a clearing house.



RSS regulation doesn't apply. This happening in bursa all the times especially gloves stocks hammering by shorties using the naked short. Also you will observe big volume of shares are traded at the last 10 minutes. Banks/prime broker who supporting the shorties, are collecting the shares back at the last 10min.

Uk usage 3 weeks in May 2021 -414m gloves approximately 138m/per week
UK stockpile?
We anticipate disruption to supply until end of August 2021.
https://www.supplychain.nhs.uk/icn/sterile-nitrile-examination-glove-supply/

US stockpiles 512m June 2021. Can last <7 days. Usual stockpile 4b

US and UK will face acute glove shortage if the delta variant hit them coming weeks. Furthermore Malaysia now is FMCO, 60% production. Limited supply to US and UK. When there is shortage ASP will increase as the world has limited supply of nitrile gloves.

KUALA LUMPUR: Malaysian glove manufaturers are under "tremendous" pressure from their global clients following the reinforcement of Emergency Movement Control Order (EMCO) in Selangor.

Hence, the Malaysian Rubber Gloves Manufacturers Association (Margma) has sought a meeting with International Trade and Industry Ministry to allow the sector to operate during EMCO.

Margma president Dr. Supramaniam Shanmugam said 58 per cent of all gloves produced in Malaysia came off the glove manufacturers in Selangor.

Medical examination gloves and face masks were essential personal protective equipment (PPE) highly required by countries especially in the pandemic season to fight against the spread of Covid-19 and other diseases.

"Since the government's announcement on the EMCO in Selangor, global customers of our manufacturers have been calling with great concern on shortage of production and delivery of gloves to them.

"Our members are under tremendous pressure from global hospitals and healthcare workers as the pandemic has now evolved into another variant," Supramaniam said in a statement today.

Margma said its members were exporting gloves to 195 countries, adding that they played a big role in humanity response as the largest producer of gloves as a medical device with 67 per cent supply of global consumption.

"Our members have been supportive of the government's effort to fight the spread of Covid- 19 pandemic and have been coping with the 60 per cent ordinance in the third edition of Movement Control Order (MCO 3.0) to ensure no severe shortage of this important PPE supply to the world."

Though lead times on delivery had been stretched slightly longer, he said it was still manageable. However, EMCO would further hamper the supply situation.

"We are urgently appealing to the government to allow these glove factories to continue to operate while adhering to strict standard operating procedures (SOPs)."

Margma said global demand for gloves in 2021 was expected to remain at 420 billion pieces with 13,318 pieces used every second around the world.

"Demand growth will be expected at 15 per cent to 20 per cent growth for next year," Supramaniam said.


https://www.msn.com/en-my/money/topstories/malaysian-glove-producers-under-tremendous-pressure-from-global-clients-following-emco/ar-AALKpkO?ocid=msedgntp

13,318 pieces used every second. The world usage of gloves is so high.

Harp holdings new ipo

Local n foreign inst. bank involved in new harp holding ipo.

Maybank Investment Bank Berhad (Principal adviser)
(Co. Reg. No.: 197301002412)
(A Participating Organisation of Bursa Malaysia Securities Berhad)

II) THE INSTITUTIONAL PRICE
Joint Global Coordinator, Joint Bookrunner, Managing Underwriter and Joint Underwriter

JPMorgan Securities (Malaysia) Sdn Bhd
(Registration No.: 197401001095 (18146-X))
J.P. Morgan Securities plc
(Company Registration No. 2711006)

OCBC Advisers (Malaysia) Sdn Bhd
(Registration No.: 200601023984 (743738-A))

Joint Bookrunners (in alphabetical order)
CIMB Investment Bank Berhad
(Company No. 197401001266 (18417-M))

Hong Leong Investment Bank Berhad
(Company No. 197001000928 (10209-W))

Oversea-Chinese Banking Corporation
Limited
(Registration No.: 193200032W

Delta variant rising in Europe and US.
https://twitter.com/KKMPutrajaya/status/1411203219598938116/photo/1

New gloves IPO Harp holding was given green light by SC to issue 2.6b shares. Expect the local inst. to boost the glove shares.

https://klse.i3investor.com/blogs/hleresearch/2021-07-02-story-h1567774148-Rubber_Gloves_ASPs_Decline_But_Shortage_Remains.jsp

PJ Seow, Thanks for info.

Myinvestor, thanks fir sharing the news. Many investors omitted the fact that supermx has another income source which is SUPERMX DISTRIBUTION Division. In the last one year Supermx OWN.Distribution has been. contributing 35 % of its total earning. It has contributed a total of more than one billion in the last 4 qtrs. I believe supermx will strengthen its position in this division. The lower ASP from factory help this division actually as it can " buy gloves" at lower prices . 58 % of supermx gloves sold through its own Distribution centres.

Aurelia gloves Canada has became the mask manufacturer (420m capacity) and distribution center for various healthcare products. See attached.
I wondering how much contribution of revenue and profit to Supermax Malaysia.

https://aureliaglovescanada.com/en/

https://aureliaglovescanada.com/wp-content/uploads/2021/04/Catalog-2021-v3-2.pdf

This appointment comes as a result of the company's rapid growth over the past five (5) years. Mr. Nicolas Bergeron was one of the main actors of this growth through his interventions at several levels.

We would like to take this opportunity to announce that the manufacturing division of Supermax Medical, created in February 2021, currently has a capacity of 210 million 3-ply disposable medical masks.


https://finance.yahoo.com/news/supermax-healthcare-canada-announces-appointment-140000759.html

Euro 2020 big crowds. Potential 10x infections.


https://images.outlookindia.com/public/uploads/articles/2021/6/15/Euro-2020-Eng-Croatia_1_20210614_402_602_570_850.jpg


https://ichef.bbci.co.uk/news/1024/branded_news/233A/production/_118981090_068087623.jpg

This video has good study on financial and local gloves companies.
Should watch by real gloves investor.
https://www.youtube.com/watch?v=cqL-6bBvNKU

Govt of Malaysia already sued them in 1mdb scandal. Do you know?

Shorties JPM/Citadel/GoldmAn Sach are all biggest crooked in the world. Hundred violation in US Stock markets, trading bit coin, money laundering and illegal bribing the govt official in 1mdb scandal.
JPM even predict bitcoin will hit 140k in the future instead it drop below 30k. MS and Tesla caught in scam losing million.. China govt and Malaysia BN had blocked all bitcoin trading.


JPMorgan allegedly moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and Ukraine, the report said, according to the documents known as the FinCEN Files, the result of an investigation by more than 100 news organizations in 88 countries.
Source google.

In the United States last week, 35 percent of positive tests that were sequenced were identified as the Delta variant, up from about 10 percent on June 5 – numbers similar to what is being observed in Israel.

The European Centre for Disease Control (ECDC) has estimated Delta could account for 70 percent of new infections in the EU by the beginning of August and 90 percent by the end of that month.

https://www.nst.com.my/world/world/2021/06/702429/delta-variant-threatens-new-pandemic-challenge

Delta waves in US raising 10% every week.

Posted by Will188 > Jun 25, 2021 9:08 PM | Report Abuse

https://www.change.org/TempStopRSSBursa

Already 500+ supporters is less than 24 hours.


Hi investors, please give your full support RSS ban. Bursa KLCI is World worst stock market.

Malaysia Inflation Rate Highest Since 2017
Malaysia’s annual inflation increased to 4.7 percent in April of 2021 from 1.7 percent in the previous month but below market consensus of 4.9 percent. This was the third straight month of increase in consumer prices and the highest rate since March 2017, amid a jump in transport prices (27.0% vs 9.8% in March), due to a faster rise in fuel prices.

World's fasted vaccinated country Israel, new cases raises from 0 digit to 3 digit. Could it be delta new wave there?

For past 2 weeks, shorties are all out. Yesterday, last 30 minutes, the shorties softened due to some unknown reason or maybe margin account exploded.

Delta, first identified in India, now makes up about 20% of all new cases in the United States, up from 10% about two weeks ago, Fauci said.

https://www.cnbc.com/2021/06/22/fauci-declares-delta-variant-greatest-threat-to-the-nations-efforts-to-eliminate-covid.html

New wave of delta virus in US increases from 10% to 20% this week.

szczepaniak astridge designs its supermax headquarters with respect for social, cultural, and environmental factors. the mixed-use, nine story building will accommodate a wide range of programming including research and development, sales and marketing offices, a finance and banking department, a training center, auditorium, lecture hall, restaurants, grand ballroom for 1000 people, event spaces, and car parking. the team organizes the building across nine stories because in china, the number is believed to bring luck. the building will allow for flexibility in-between floors for future expansion.

https://www.designboom.com/architecture/szcepaniak-astridge-supermax-headquarters-winning-entry-malaysia-03-11-2021/

Supermax moving towards ESG compliance even the HQ is designed to have these features.