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2021-01-29 23:46 | Report Abuse
Top glove just got featured in Bloomberg live! Alongside other big momentum stocks! They are calling bursabets as one of the most active movements out there apart from wallstreetbets! US topglove counter is rising +7% as we speak!
2021-01-29 22:39 | Report Abuse
https://www.cnbc.com/2021/01/29/sec-reviewing-recent-trading-volatility-amid-gamestop-frenzy-vows-to-protect-retail-investors.html
See this guys. That is what a united efforts force the regulators to do! More fairness, protection and equality in investing/trading.
2021-01-29 22:04 | Report Abuse
After a day of losing, all the shorties are now scared, come up and spread doubts. hahaha. I am sure they will continue to do so next week. Glove lover, you know who you are! Stay united. We will not sell cheap to those manipulators and shorties.
2021-01-29 18:24 | Report Abuse
While we are battling with big covid cases and facing lockdown, in Brazil, researchers found out patients with 2 Covid variants.
https://www.reuters.com/article/us-health-coronavirus-brazil-coinfection/brazil-researchers-find-people-infected-with-two-different-coronavirus-strains-idUSKBN29X2YZ
2021-01-29 17:27 | Report Abuse
Yesterday, those naysayers said, we retailers in bursa won't be able to do something like what we have accomplished today. Just look at this beautiful day; we came out winning at the end of first fight. Our movement was picked up by news agencies. Don't get me wrong; this is just the first battle, we will have to continue to fight and win the war next week and beyond! Good weekend to all glove holders, buyers, newbies! Those shorties can spend all long weekend sweating and spend sleepless nights for all the manipulations that they have done in the past. We deserve to be heard and gain rewards for buying legitimate profit making glove companies. Let's do it next week again! Cheers! For what's worth, i am proud of you guys! #wearourglovesproud
2021-01-29 17:01 | Report Abuse
Robinhood CEO just said, they are working to reopen buying GME..it's already up 127% right now in pre-market. GME rocks! and Top glove, we rock too today! And we will continue next week! Show them what we are made of. Hold, Buy and Push up! Squeeze them.
2021-01-29 13:53 | Report Abuse
We, as retailers (public) owns 33% of this company. Along with founders Tan Siri's family, we own 62% of the company. We can move the market if we are united.
2021-01-29 12:56 | Report Abuse
https://www.bloomberg.com/news/articles/2021-01-29/gamestop-mania-spreads-half-a-world-away-to-target-glove-makers
There you go, guys! It's making an impact!
GameStop Mania Spreads Half a World Away to Target Glove Makers
By Abhishek Vishnoi
January 29, 2021, 11:17 AM GMT+8
The manic ride in GameStop Corp. sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers -- one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and is already boasting more than 4,800 members. The moderators of the group have defined it as the “Malaysian version” of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. The discussions so far have centered on glove makers and calls to rally against institutional investors who have kept valuations of the sector low.
Shares of Top Glove Corp. jumped as much as 15% on Friday, the most since Sept. 11. Rival Hartalega Holdings Bhd. surged as much as 10% while Supermax Corp. climbed as much as 9.2%.
Glove makers have been among the most-shorted stocks in Malaysia since the nation lifted a ban on short selling at the start of 2021. Vaccine rollouts have also sapped the appeal of these pandemic winners.
“I just want the market to realize that the valuations are too low and that our glove companies deserve better,” Revenant, one of the moderators of the group, wrote in a post on Thursday. “Let’s discuss, let’s meme it up, and get people hyped!,” the moderator said about Malaysian equities.
A member with the handle u/chen97 posted a meme with a wordplay on Avengers Assemble, an American animated television series based on the fictional Marvel Comics superhero team known as the Avengers. The meme said “Retailers Assemble! The Game just begins!.”
2021-01-29 12:09 | Report Abuse
one recent good example like this in SKR market, where there's a petition to permanently ban short -selling. Should ban it in bursa as well if this is only benefiting the manipulators. We are investors, and we deserve fairness in the market regulations. #wearyourglovesproud
2021-01-29 12:05 | Report Abuse
Proud of the investors who are in this movement. Moments like this (GME, Topglove, and others around the world) will make the regulators take notice of the force of the retailers. This will lead to more fairness in this investing world. Rewards might not be now, or it might well be if the stock shoots up to the moon. For sure, if you are retail investors, movement like this benefit us in long run due to more equality in investing world. Just my thoughts. I am holding!
2021-01-29 11:16 | Report Abuse
We buy, We hold, We show our steel! Surely, this movement will capture wider audience. Now many local news agencies are reporting about this epic movement. And that's where more reinforcements will come in. We are gonna be the pioneers in this glove fight. This is just the start. And later Tan Sri would hopefully bring his war chest to join in this fight! Maybe even HK/CHN investors who want to get in cheap before HKG listing! Billions in profits coming also. What are you scared of? Wear your gloves proud.
2021-01-29 09:45 | Report Abuse
Looks like IBs found some keyboard trolls and paid them pennies to spread doubts in us. Stay united. Hold. Stock is criminally undervalued for a long time. Wear our gloves proud!
2021-01-17 15:05 | Report Abuse
This gemfinder guy is really persistent though, hahaha. He's been talking bad about gloves since Jan/Feb 2020, even before the global pandemic started. Always saying the pandemic will be over blah blah. Fast forward 12 months later, pandemic is still here, and whatever he has been saying was just a bunch of rubbish. If you don't trust, click on his profile and go back 60 pages to the start of pandemic. You will see for yourself. So if you believe in this guy who's been saying false things/conclusions for last 12 months, then it's up to you. DYOD
2021-01-17 14:49 | Report Abuse
To all shorties, remember simple economics theory of supply and demand. You have only 4% to short, and now there's only 1%+ left to reach that limit. On the other hand, there are limitless ways (no ceiling) of how high this stock can go up. Yes, in the short term due to sentiment, you guys can manipulate weak holders to sell, but in the long run, you are trying to fight a battle that you cannot win, which is all about fundamentals. A glance through past track records and current health crisis will tell you that you are digging your own hole to bury yourself, shorties. So yeah, you can shout all you can while you can still breathe. You are attacking a company that is literally helping and saving lives of millions of front line workers and ordinary people with PPE and gloves. One day, your Karma will get to you.
2021-01-17 13:29 | Report Abuse
When these news agencies love to dig dirt and report other countries' news. This is also happening in their own backyard. Hypocrite. Get a life. https://ccrweb.ca/en/forced-labour-happens-canada
2021-01-17 13:27 | Report Abuse
When these news agencies love to dig dirt and report other countries' news. This is also happening in their own backyard. Hypocrite. Get a life. https://ccrweb.ca/en/forced-labour-happens-canada
2021-01-17 13:12 | Report Abuse
Great Article, Ben Tan. Appreciate your efforts showing clear analytics on short position. If we also look at technical indicator covering the last 10 trading session, Top glove 1st support level is at 5.68, which is surprisingly similar to average net short price. That was when the rebound took place after the 4th Jan big shorts. So shorties are in tough spot to break down that support wall to just break even on their positions. If the market goes north and break upper resistance at 6.88, my opinion is that it will trigger short squeeze and move the prices up to about 7.6 region. So coming week is going to be interesting. The fight is definitely on!
2021-01-16 22:23 | Report Abuse
Thank you @gemfinder, for giving this glove forum your different perspectives and your time. We appreciate you. Continue to do so if you have so much time. But we all make our own investment decisions. Whether win or loss, it’s also our own money. We believe in gloves and how it protects the world from this pandemic. Vaccines will also play a role in that too. We all are adults and no need to be sour on one industry or another. You do what you want. And we also do what we want based on our knowledge. Cheers! Peace out!
2021-01-16 22:17 | Report Abuse
@gemfinder, then why are you still here at this hour? You ran out tech companies to attack? Hahaha!
2021-01-16 22:11 | Report Abuse
Funny forum. One camp defends gloves and one camp attacks. I understand who defends gloves because they invest in it. Funniest ones are the ones who attack gloves everyday. Why are they even here if they have no interest in this stock? You want cheap stocks so much that you spend time here everyday to attack gloves. And one bad news, they come out in flocks or maybe they are just one person with multiple names haha. Either way, too funny those people.
2021-01-15 18:43 | Report Abuse
Israel data said "fall in infection rates" compared to control group. It doesn't say people don't get infected after vaccinations. Read properly. And the study didn't even mention what% of 200k people got infected after vaccination. What if even 20% of people still get infected out of 200k, that's still 40k people, even with vaccinations. This means that yes it could be that infection rate might come down, but it's not 100% bullet proof. Definitely not zero for sure. You are hoping for a miracle if it's 0% infection. Hence, you will still need all the precautions (think PPE) to protect yourself. Or if you are so confident with the vaccines, then you can take and risk your own life. That's up to you. But when you do share the data, read the report first, and don't make hasty conclusion. You might be risking your own life, not just your money. DYOD.
2021-01-13 18:18 | Report Abuse
Hospitalizations across all major countries are at peak. That's where frontline workers need the gloves. And JPM analysts conveniently excluded those stats because the realities don't match with their fake imaginations. What a shameful attempt to manipulate the market. Desperate and low class JPM.
2021-01-11 19:04 | Report Abuse
Even Mercator is up +2.33%. Imagine Top glove flying tmr. https://m.investing.com/equities/mercator-wa
2021-01-08 10:53 | Report Abuse
For better or worse, due to ESG concerns, Top glove is now making significant steps to create a better environment for its workers based on AGM information. Hence, it will come out stronger and become an example of what good ESG company is. They made mistakes, but they are learning and getting better. That's the true nature of sustainable and growing company. With strong earnings, supernormal profits and better ESG image, it's just a matter of time, share price will reflect the realities. And the only way is up!
2020-12-17 14:13 | Report Abuse
endless fight between vaccine and glove is just ridiculous. Vaccine is good for the world, and also good for the gloves. These vaccines are not 100% preventive; vaccinated people can still transmit and infect, you just don't get as sick and die. And no one knows how long immunity lasts. This means, there's close to 100% chance that you need to get inoculated again and again. And you need gloves for that process. In addition, you still need gloves to produce all those vaccines. Billions of gloves just needed for vaccine industry, over and over again.
Furthermore, let's say if even vaccines are so effective, again its not 100%, that means if you need to travel, you will need to get tested for Covid at airports around the world. Do you know how many passengers in 2019 (before Covid), it was close to 4.7 billion passengers. You need a pair of gloves to test each and everyone of them. That's close to 10 billions gloves needed right there. On top, you do realize that now airlines are giving a pair of gloves on aircrafts for precautions. That's your new normal. So add another 10 billion of gloves to that. Total additional 20 billion gloves needed, in airline industry alone, even if vaccines are effective.
You might be living in some parallel universe if you think we all can go back to pre-covid times. Wake up! Virus is here, Vaccines will be here for the world, and Gloves will be here to protect all of us! That's your sustainable revenue, earnings, growth, profits, dividends right there!
2020-12-05 00:34 | Report Abuse
Wondering what all of these people are still doing in this forum if they are not interested in glove stocks anymore. If, as you guys said, big money has already moved on to other counters, why don't you go and spend time there, instead of reading/replying messages here. What a hypocrite! hahahaha
2020-12-02 00:30 | Report Abuse
It's so pathetic of those guys coming to this forum shouting "sell, run, blah blah", just so they can buy low and do short-term trades. I doubt these people care so much for other traders/investors? If you do, instead of shouting, just go and donate your money to some charities or frontline workers, and you might get tax refunds as benefits. Holders will hold, traders will trade. That's part of life. You win some, you lose some. Bad news are there..so what..it happens to most of the companies every now and then. Then it will recover in time.
2020-12-01 17:05 | Report Abuse
As a foreign investor, I am so shocked by the malaysia government to be so against its one of the brightest and biggest tax paying company. Top glove is a great company which produces gloves that protect the world from biggest pandemic. Without it, I wonder where front line workers will get the protection they desperately need every day to fight against this virus. And it will punch a big hole in government budget without Top Glove's taxes. The government should be protecting and promoting such company instead of alienating in front of the public eyes. If there are offences, which may be, these can be resolved by legal means in an orderly manner. If top glove makes the news and is looking bad, it's the government that also looks bad, and open questions for all other companies which have foreign workers. All companies go through bad periods once in a while, long term is the key, and this Top glove will survive and emerge stronger as it has done over the last 30 years. Shortists, you can short, spread fake news and make bad news louder. We, long-term holders, will just hold and win in the long run.
Blog: Top Glove’s 9000 job offers: Real jobs or a PR exercise? By Dominic Tham
2021-02-03 21:23 | Report Abuse
haha what a joke of an article! How many jobs can FocusM create to help the economy? Thinking they are too smart and high moral ground, just to write this sort of article. Walk the talk, it asks. FocusM, you walk the talk by publishing the real news instead of rumours!