kok wee, if you go by public avail news and signals, if you investing by probability, what is the chances of Q1 results "not meeting expectations"? higher or lower? if doenst meet will result in frenzy selling? look at hartalega, like not really.

also its not only about numbers, there are market sentiments involved. now margin players out. upside are quality upside.wont be as volatile as before.

other non defensive counters will have profits in these quarters? more likely to downtrend with covid.

also, you dun see insiders selling any shares till date. reiterating this many times liao.

conversion of bonds to equity. directors and key mgt exercising options to shares.

do you think they will exercise so recently then sell off so soon?

what will be reflective of them if they do this? their CEO founder wont whack them?

else, this is simply alignment of shareholders interest with management. further bullish signal.

too many upsides than downsides, unless other banks play margin force sell lor, else i do not think its rationale that price will go any further massive down.

if chu stunt, just swim with sharks (sell with them and buy back). maximum gains.

Credit Suisse Key highlights:

1. "there has been a recent rise in ad-hoc and spot orders by government agencies needing urgent deliveries".

10% of TG 60-70 bn capacity as spot orders. this is is alot. (you know how powerful are spot orders mark ups? alot higher) analyst say as high as 3 X.

Quote: Some of these orders were priced above US$100/1000 pieces, which is more than three times higher than the current blended ASP for the normal orders.

This means although they OEM, just because they tai kor, highest capacity, and many customers, 2k + as to smaller players 300+, distributor bargaining power not as high. So TG is a hybrid between OBM and OEM prices (in the middle or middle higher)

2. "the group takes deposits between 10-30%"

This protects themselves against cancellation or less bad debt exposure. if cancel they gain free deposit money.

3. "She noted the current demand is estimated to be 50-60% higher if not for capacity constraints resulting in long lead time".

See US situation, will demand be sustained for another extension 6 months? you tube it and you ownself decide. also after covid, global no need to reflect on them selves and stock up? airlines no need to act hygienic and use gloves? tech sector if uptrend again, no need gloves for semi cons? will demand be even longer? you decide.

4. Top Glove's 3Q FY8/20 results set to be released on June 11, you dun buy now, i am sure by next week will be at least RM 17 in anticipation of results. Even riverstone just 50% increase in profits, can surge 3 days is share price. Look at super max Q1 what happen.

Even if profits doesnt meet expectations. See hartalega. what happen? people sell, then rebounded back immediately. Good news is always good news. this is how shares works. if deosnt meet expectations People will just say, OH 3Q not as good, cos ASP not fully reflected. Watch Q4. then prices go up again, cos PE go down after 3 Q. if exceed expectations, even more power surge.

DYODD and decide for your money.

oh thats for maybank la, i wonder how MB going to address such system glitches. but i am sure they have some legal writings in their favor for such cases.

actually other than the banks above, are there any investors working with other brokerage? have you talked to your brokers if they are going to implement this margin stunt? else have to keep monitor prices very tired.

why you guys always lag against SGX? 15.81 RM now. no confidence in TG?

Reinterating.

Pump and dump:

No need fear. How to address this?

Observe the price. Keep your cool.

if still got cash, remember to spot for bottom and enter.

if more braveheart, sell some and buy back. ie. swim with sharks.

do not sell and not buy back = realized loss.

Pump and dump:

No need fear. How to address this?

Observe the price. Keep your cool.

if still got cash, remember to spot for bottom and enter.

if more braveheart, sell some and buy back. ie. swim with sharks.

do not sell and not buy back = realized loss.

lol cheng3333, 20 years of trading experience or gambling?

want to sapu low also dun so low level la.

to the others:

Go recall why did you bought in the first place. Fundamentals.
covid improving? see US
OBM, high margin, facts.

investing 101: buy low sell high

if you bought high, sell higher. not panic sell.

do not sell and not buy back = realized loss.

cos management wants to go long term, and align their interest with the share holders. share price up, they benefit.

or do u prefer them to pay out large bonuses instead to them? flow out PNL, lower profits.

This is long term perspective.

Need to interpret their intentions.

Yes our dividiends and control power diluted. but is this a dividend stock?

If want dividends go reits.

this is top glove, remember fundamentals.

this is not rubblerex, comfort, adventa.

remember why did you bought in the first place.

investing 101: buy low sell high

if you bought high, sell higher. not panic sell.

please learn from mistakes, dont repeat the negative reinforcement loop.

do not panic sell, if still got cash, remember to spot for bottom and enter.

if more braveheart, sell some and buy back. ie. swim with sharks.

do not sell and not buy back = realized loss.

no need to worry. no need to speculate what pump and dump crap.

observe.

SWIM with the sharks.

good luck all, dun miss the boat.

Strong hammer is just technical analysis for trades.

There are fundamentals to look into and other factors to interpet.

1. Demand will be further sustained (due to US), see how bad is their protest despite high infection rates. youtube it. u will be amazed.

2. ASP not locked, can change in 2-3 months prior delivery. maybank analyst factored increase to sales price till only nov, yet derived forward looking pe x11, tg is trading at 30x pre covid. unlike other manufacturers, tg despite oem, has higher bargaining power against their distributors, simply due to them having the capacity and they dai kor in gloves industry. TG has 2000 customers as compared to smaller players 300+. go see her presentation.

3. Raw mats costs lower due to lower oil prices. will oil prices surge back to normal levels in near term? oil also see demand. covid = shut down, slower production, low demand hence oil crashed in april, now recovering.

4. insiders not selling despite high prices, yet bonds converted to equity and exercising options to equity, going for long term.

5. recent sell down due to margin calls, but tg managed to rebound to near opening, signals shift of retail investors from smaller players to tg. all other glove counters are in red. of course, also banks supporting the panic sold shares.

6. next few quarters which counters will have +ve news? which likely to have bad news? if 2nd wave starts, 1st to hit are blue chips. which other counters can you buy with a peace of mind? or hold cash? food for thought

hanging man is reversal signal at an UPTREND. today's signal is buyers are rejecting the low price dumped, this happened at a downtrend. when all retails are dumping in panic, how did this rebound happened? either investors shifted from smaller players to TG, or banks grabbing the panic sold tix.

comon guys, close green for a strong hammer to spur tml quality gains!

if TG closes, green, it will be the sole big player that has closed. meaning investors has shifted from smaller players to TG.

see ruberex, comfort.

Even hartalega is in big red. super max as well.

freaking strong bullish reversal trade hammer. grats to all brave hearts in helping to contribute today and trusting fundamentals + double head wind + no insiders selling + seeing through bank's stunt to reduce their warrant exposure.

this means the upside to today's price, is more of cash, and MUCH LESS margin speculation. ie. QUALITY upside.

after margin players flushed out, still can rebound till this level. fundamentals + once in a life time headwind strength.

if no confidence, just see US situation, i am sure you will not regret putting your cash in at this price.

https://www.klsescreener.com/v2/stocks/view/7113

see TG charts, let me know what u see.

SGX now is reversing as well.

No need talk further bad news.

Traders, please watch charts

Retailers:

https://www.investopedia.com/terms/h/hammer.asp

Hope it closes near open, even stronger.

when you try to downplay with vaccine. please see how was the chinese vaccine cultivated? manufacturing capacity? basics. old news no need to keep repost. maybe u can influence comfort and rubblerex weak holders.

cash holders, HAVE TRUST in the trend, dun kena play out by banks cheap tactics. today RS AGM, positive news as well, ASP increased by 10%.

Sell down is due to their margin tactic, forcing those that couldnt cough out the cash to force sell.

Look at macros and fundamentals.

Lower costs due to lower oil prices, higher demand due to covid, US so CHAOTIC, 2nd wave sure coming. their infection rates highest, yet did you see their protest how many people? please go see in youtube their news. how many states? will demand be sustained?

Who biggest beneficiary with most capacity? Yen Ling also mentioned in her presentation. Though top glove is not OBM like Supermax, but they are not controlled by distributors. from management info, distributor have to mark down their prices, while TG could increase their prices. Their ASP is also not LOCKED. Forward looking PE at 20 RM is 11X and is considered conservative.

Any insiders selling despite crazy high price? no. you only see conversion of debt to equity and management exercising their options. means what? they are going for long term growth.

SGX went to S$ 6.79 on Mon mind you, yet no one selling.

Not like comfort, dato everyday selling.

see US protest situation, do you guys not think 2nd wave is guaranteed? if 2nd wave who tio first? non-defensive blue chip stocks.

SGX crazy? S$ 6.6 --> RM 20.62. maybank target exceeded already.

bull trap?

SGX 5.95, RM 17.85. crazy. dun miss the boat, ppl are believing CIMB's forecast.

sgx is S$ 5.84 now. RM 17.52. can you guys please lower the gap between both exchanges? what are you waiting for?

you know PE >80 is pre-adjusted PE before expected profit increase right?

among all glove counters, who has the greatest capacity? troll.

lol price in SGX has already exceeded target price by broker.

such poor attempts at spreading fear. At times of uncertainty and 2nd outbreak, where will you otherwise park ur money at than defensive stocks? double head wind, high demand, utilization maxed out, selling price increase, cost decrease. even if US trade war with china, where will they get their gloves from?

lol ironshirt, you know that glove stocks/medical ppe stocks are covid defensive stocks, where 2nd wave of covid means sustained higher demand for gloves right?