China daily digest
https://www.bloomberg.com/news/articles/2020-07-14/spate-of-china-bank-runs-force-police-regulators-to-act

@shine learn like yttihs. Draw your resistance line, support line den plan your strategy. Tomorrow execute only so that you wont be swayed by emotions..

Kenanga stuck :p posting so many articles... Airport dropped from index d still ask ppl to chase :p

IB gets more realistic car sales lor without ehailing?

After all klci and s&p hit resistance d.. will be downtrending first. Earnings also coming out soon. Should be bloody cause car sales less than 7% in q2 i think. Thats why gov immediately place tax breaks fyi..

Bear market will start once the stimulus euphoria fades, all left with bag holders d... Good time to see if we are over exposed to a sector and rebalance our portfolio.

If you dont have foreign stocks exposure. European stocks looks promising :p

@yttiths did u factor in the rm50m volume at 19.7? Just fyi. Not saying it wont rally, but there will be short term squeeze.

@mabel trim some ok la. Hehe, can go Ritz Carlton have a good weekend, come back refreshed on monday. You guys with deep pockets wan nothing much to fear :p

Current price 19.7
17.74 first 10% limit down
15.7 2nd limit down.

To each their own.

@stock9969 stockraider learnt it the hard way in hengyuan le. Once u experienced the pain. You'll learn to preserve capital ...

Although we made fun of him with @teamrocket earlier im sure he's sincere la. He no longer calls folks to dumbdumb hold.

For me thats a plus. Cheers!

@wingyap sure... or u can sell first like the sifus around here den join the next rally :p eazy money

smallkid91 Zoom call summary: please buy me a pizza :p

No one pinged me for pizza....

@stockraider someone's speaking from hengyuan experience :p but yeah, sell first. Can contra buy back if see reversal. I agree with your suggestion.

@joyvest: will definitely survive la.. but conspiracy theory is this is a good opportunity to swipe off contra holders, margin holders from the game.. eazy money. Why dont capitalize on it.. if limit down immediately at tomorrows open, thats a huge psychological advantage.

Anyways tony has built strong relationship with many of the business leaders. Good friends with johor sultan and his wife also. Which can help him rally bankers to support him. Its an edge that tan sri do not have at the moment..

Anyway conspiracy theory :p

@clouud1234 you can check your brokerage its 17.7 now. With rm50m transaction in a min. Im not saying it wont fly later but good to consider the sentiments, margins holders, profit taking and all.

@atomic you mean how airasia plunge from rm1.09 -> 0.66 -> rm 0.74? :P fear mongering, so naughty :p

@Joyvest: haha nice. But might start at 13/15 to slaughter all the chickens for eggs. Only took Rm 50m to bring it down to 19. Probably not too hard to go down to 13-15 with this sentiment.

After analyst sell d, next you'll see articles like europe mulling to halt import from topglov

EU coronavirus at all time low

Health practitioner can use powder free latex gloves etc.

Glove shortages easing. You can get those gloves at lazada now https://s.lazada.com.my/s.bz7BT

Ask ourselves.. the worker reimbursements, since 2018, why are they not resolved yet.. cheapskate malaysia corporates =p biting their butt now. I sincerely hope topglove management take this as a lesson instead of showing frustration and little emphathy in the zoom call.

On topglove? They'll be fine. Your stock (non warrants) will be fine too but please expect more profit taking first.

You guys want to wait until another analyst write up that europe might be mulling the same first isit? Haha..

17.74 is the next limit down (10%)
Followed by 15.9

If it hits that, im truly sorry.. take a vacation, cool down. Just remember, this is why we don't buy warrants..

Money can be earned back, it's not the end of the world..

Just wanted to let folks here know... 26720 lots matched at 19.7... 50m traded in a minute.

Uncle aunty at pasar malam dont count like you do. Please brace for profit taking.. Those that margined and bought at 15 will definitely have itch to sell now..

Air travel worries solved: https://www.nst.com.my/world/world/2020/07/609122/hazmat-suits-air-travel-are-here-will-you-get-one

Take note, no gloves here :p have a great day ahead.

@fong zhin bok.. despite how you look at trump. US authorities have good intentions actually (eg Fauci).. imagine if you are one of the workers... Rm1200 base, rm900 max OT. Eat grass.. 1 lot can pay 1 persons salary...

During the call, all im hearing from management was that activists are blowing up stories, the guardian need some stories to attract readers. This attitude will not bode well with the authorities there.. im sure topglove bottom line will be alright after the earnings call, but the lack of emphathy saddens me..

@fightingdragon 25% is the exposure to US market not next quarter revenue impact.


@teamrocket Haha. Ok la. He's pretty well off. I am sure he'll be ok. Im sure he's a successful businessman or something. There was freetospeak also :p good days.

Thanks for referencing! Love how you are providing everyone with information

@stockraider also top up tenaga loh...!!! Cause they help pull the plug mahhh...!!

Missed your writing from heng yuan days. I vividly still remember that bad QR results that started the plunge. :P i was a i3 lurker back then.

@fightingdragon yeap. But need to take account of profit taking also boat load from rm15 and bond holders with rm6 together with margin calls. As Anyways pay up with pizza. Thanks! :P

Zoom call summary: please buy me a pizza :p missed the first part.

US total revenue is 25% of top glove.
12.5% of the revenue are affected by the hold order. Another 12.5% can still be shipped.
WRP took couple of months to resolve this. 2 months after engaging consultant.
Topglov is consulting the same consultant with WRP, and believe to resolve this in matter of weeks.
Topglov management have not meet with committees from border control.
Topglov had 80audits last year.
Topglov believe customer will follow through their orders instead of cancelling.
Topglov price difference between US ASP and others is 5% for non spot order. Similarly priced for spot order.

Topglove safety safety safety. Improve improve.

But it seems like topglove management does not show much emphathy. Probably good for our bottom line :P

@ttluck tansri lim may just help waive our tax :p

Haha. Anyway.. since we shit talked them, prepare for karma to strike :p

I am actually disappointed in topglov for not taking care of it's staff better.... 1200 + 900max OT and to work throughout MCO is bad... Even abang foodpanda got 3-4k....

Ihop pancakes also 7usd liao.. if work at topglov, want to eat pancakes also need to think twice..

@spectulator123 pulled the plug. Lol

@cincaila haha yeah. Lets go bursa.

@amateurJR ok la. I had some losses also. Bought 2 units right before closing. Lose the trading gains from the morning trade+ a bit more.

Its ok. In stock you trade with money you can afford to lose. Sometimes you're wrong. Sometimes you are right. But thats the fun of trading.

As to long term. Utilities are a good place to park at their lows. Banks too at their lows. Buying maybank at rm4 in 2008 and you'll be swimming in dividend everyday. Some of the more diversified reits are pretty enticing too.

Guys! If you are saved today, remember to buy some TENAGA (5347) we saved your butts today. Welcome!

Guys! If you are saved today, remember to buy some TENAGA (5347) we saved your butts today. Welcome!

Guys we saved topglov from bloodbath. :P

@buyaowan, if dont go down retailers no incentive to buy and rally le.. better open lower and rally upwards den pick up the good news when us reopens trade

@maxggg matched at 19.6. in case those ganjeong chicken wants to know. Haha beat you to it :p but this wan is kopi duit only though.. 2 blocks from afternoons closing. Became tuition fees =p

I can leak a bit for those gan jeong chickens. My order matched at 19.6.. 2 units from mornings greed :p

Q rm13!!! Lets go

Anyway.. anyone here remembers kathulistiwa? Will be worried for him, he said he wanna buy a lot :x

Gathering thread for bottom fishers :p this week is the time :p

wanted to spread some fear, but feel bad.. Actually order book can be pulled in/suffled.. No stress...

Lol rm2100 with max OT... Thats like 1 lot.. rip..

Bois, time to buy klci puts

Haha. Actually rm6 per hour is forced labor to them. Cannot go ihop buy pancakes also =p

Exit ramp for traders, traders better take this. But you probably already did :p

From earlier in the week: """I view bursa's limit down amendment as a negative news.. (due to the fact that they are entertaining it) just incase a bear market starts, you limit your"""


Need 2 years nap i think.. not immune to recession.. truth be told, i think there's a bit more downside to go.

Gloves left ~30% upside with no dividend to support and all the funds going to manufacturing expansion.. not sure whose going to hold the bag.. non-sifu level retailers might as well come here while we wait for banking recession in next Q and jump there. Hehe

Yeah Got algo selldowns.15:06-15:09

3mil sell Q parking at 11.5 cutting off electric to duit kopi :o

@pete11 Pfizers pretty reliable, they have a good track record. But then again they are behind moderna, so no stress there

Any other dividend stocks to recommend while we brace for impact? :P

Need to be cautious with ehailing bleeding..
Go slow.

Tenaga. Powering em kopi duit machine :P