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2021-01-10 00:06 | Report Abuse
Ben,
Note that supermax amongst the four are least shorted as well, think part of the reason why that may be could be the free float are tighter and EPF isn’t a direct shareholder hence shorties aren’t able to source for shares to borrow. In conclusion, the volatility that we saw, could be down to EPF’s holdings held in custodian accounts which. As lend out to shorties.
Do please also research and talk about ‘cum-ex dividend stripping’ by short sellers. Now given that top glove shares goes ex on the 11th, are short sellers returning the shares to EPF cum or ex dividends? All of us as EPF contributors or have monies in EPF should know the processes behind this
2021-01-10 00:01 | Report Abuse
Super_newbie,
Can’t cancel shares, as it will technically move TSLWC’s stake above 33% as well, trgigering a mandatory GO
2021-01-09 12:47 | Report Abuse
Ben, its in top glove’s bursa announcement yesterday, on change in substantial shareholding and at the bottom it gives a breakdown of each external fund managers holding ls for EPF
2021-01-09 12:40 | Report Abuse
Goldgent think the delta hedging for CWs from all the banks for all the glove stocks is est. to be rm1-2b.. not a very big amount if buying liquidity is still there
2021-01-09 12:32 | Report Abuse
Spot on analysis, i doubt the short sellers will build on their short positions, esp top glove given that the ceiling is set at 4 pct.
Current net short position is 1.9%, and total RSS vol for the week was 2.3% for top glove, which means 0.4% of short sellers have already covered their position. Further short covering is likely to lending more buying support in coming weeks
Other point to note in EPF filings is that, current positipn of their existing external fund managers are still very light, hence once can conclude that insti funds are already underweight and there wont be any shares overhang in the near term.
My 2 cents
2021-01-14 15:20 | Report Abuse
Lose money so emo, please show some human decency and not call other people names