The recent reports that effective vaccines could be introduced soon are all made by countries to achieve their political objectives. We must remind ourselves a miracle vaccine that is effective and safe is still not yet developed for SARS, Mercs, or earlier viruses -so it is incredible that one can be made available so soon for covid-19?

Market forces are more powerful than the manipulators. So when the price reverses - uptrend , sellers will turn buyers fueling the price recovery even faster.

When the panic sellers stopped selling , many "new investors" will start buying, making the price uptrend - come even faster. So the success in breaking the sellers' strategy depends on the unity of serious investors to reverse the current sell -down.

My conclusion is that it is ridiculous to sell Top Glove shares now at 7.20 when CGS-CIMB securities Target price is 9.20! Stop selling and hold . The sell down will stop and price trend will reverse - upwards - if the panic selling stops.

The recent reports that effective vaccines could be introduced soon are all made by countries to achieve their political objectives. We must remind ourselves a miracle vaccine that is effective and safe is still not yet developed for SARS, Mercs, or earlier viruses -so it is incredible that one can be made available so soon for covid-19?

Market forces are more powerful than the manipulators. So when the price reverses - uptrend , sellers will turn buyers fueling the price recovery even faster.

When the panic sellers stopped selling , many "new investors" will start buying, making the price uptrend - come even faster. So the success in breaking the sellers' strategy depends on the unity of serious investors to reverse the current sell -down.

My conclusion is that it is ridiculous to sell Top Glove shares now at 7.20 when CGS-CIMB securities Target price is 9.20! Stop selling and hold . The sell down will stop and price trend will reverse - upwards - if the panic selling stops.

The recent reports that effective vaccines could be introduced soon are all made by countries to achieve their political objectives. We must remind ourselves a miracle vaccine that is effective and safe is still not yet developed for SARS, Mercs, or earlier viruses -so it is incredible that one can be made available so soon for covid-19?

All investors know that a "miracle" vaccine (that is a solution to prevent further increase in deaths caused by covid-19 cannot be expected to be developed in a short span of time. Even if it can be made available to worldwide in the near future, the demand for gloves will still be unaffected, in fact it will increase. So its hard to imagine what caused the recent sell down of glove cos.
People with vested interest have taken advantage by spreading all kinds of rumours / fake news and reaping hugh profits every trading day - by selling first and buying back later. Small retail investors must refrain from panic selling feeding those manipulators with cheap undervalued shares.
Its the supply and demand that determines prices. So the only way to stop the current sell down is to restrict supply. Hold your shares if you can and wait - and you can see Glove share prices trend will reverse upwards.

Glove share are grossly oversold. and the only way is up now.

Glove shares prices appeared to have bottomed out, having recovered from its earlier lows, and many investors are collecting now. Looks like panic selling by small retail players have diminished.

Normally trading stopped at 4.45pm on a mrmal trading day and the last traded price at 4.45pm -4.50pm would be fixed by then price would be fixed for the trading to 5.00pm. However, today the prices were pushed up to close much higher at 5.00pm than at 4.50pm .

Proof of extended trading to 5.00pm can be found in the price chart at investor.com

Was extended trading hour - legal (today's trading was active until 5.00pm) pushing up many glove counters to close much higher than the usual last traded price at 4.45pm-4.50pm.
Bursa M'sia may have breached their trading rules by not informing the investing public of extended trading hours today. this is an unfair practice to the majority of uninformed investing public.

Morals aside, may be this covid -19 like the other epidemics in the past like Spanish Flu, Russian Flu, SARS, Mers. Covid-19 is nature's way of population control. Together with climate change and so many recent natural disasters - earthquakes, Floods, happening all over the world -further enhanced this theory. We cannot deny that the current World population has reached unsustainable levels.

In the "new normal" the high demand for Gloves will always be there - as part of the prevention measures for frontline and other health workers. New variants of the virus appear all over the world as announced in the media. Vaccines - even if they are developed within the next two or three years are rendered ineffective and hence cannot cope with these new mutations.

Morals aside, may be this covid -19 like the other epidemics in the past like Spanish Flu, Russian Flu, SARS, Mers. Covid-19 is nature's way of population control. Together with climate change and so many recent natural disasters - earthquakes, Floods, happening all over the world -further enhanced this theory. We cannot deny that the current World population has reached unsustainable levels.

In the "new normal" the high demand for Gloves will always be there - as part of the prevention measures for frontline and other health workers. New variants of the virus appear all over the world as announced in the media. Vaccines - even if they are developed within the next two or three years are rendered ineffective and hence cannot cope with these new mutations.

Judging from the continuing price increases in the top three companies, tomorrow Comfort can go up at least to over 6.00 +.

buy if you still can, because tomorrow another limit up is not surprising since it is still far from its peak over 7.00

limit up !!!!!!!!!!!!!!!!!!!! 4.68 no share available until tomorrow. can open your champage now!!!!!!!!

It would take at least two to three for any new comer to manufacture gloves. so for the next two to three years supply cannot be increased to dilute the super profits enjoyed by existing suppliers. The demand for gloves by many countries due to the increasing number of covid-19 cases all over the world, far outstrip supply. ASPs will keep going up - at least for the next foreseeable two to three years. So we can safely conclude the super profits will keep going up and will be sustainable over the near future.

So its confirmed the bull market for Glove counters are back and will repeat its super performance. Super profits will be reported soon. Even if there is a windfall tax next year - it is only a small percentage - negligible effect on the PAT.

Comfort share price is shooting up towards RM5.00 , may close higher.

its all the way up as there is minimal selling resistance. sellers will have to buy back at higher prices. so hold or buy more for more profits coming.

Very soon analysts and IBs will be coming out with favorable news to claim some mileage on their credibility.

Glove shares have started flying higher and higher now.

Glove counter will retrace their prices by at least 60 to 80% by end of this week.

Glove counters are grossly oversold. from now its uptrend as there will be more buyers eager to average upwards and reap big profits when they recover earlier high prices long way back.

The recent wide spread claims of vaccines being available soon also helped the recent sell down, but their effort will not be effective because there are too many uncertainties surrounding effectiveness of vaccines. Moreover, it could take a long term before one can be found. There is still no vaccine for the "SARS" after all these years. There are also threats of new variants or mutations of the virus which the new vaccines were not tested on and may prove useless. Conclusion: Vaccines not a threat to glove suppliers in the foreseeable future (at least tthree years or more)

All these "news have been factored into their share prices and there were many instances of bottom fishing or bargain hunters entering over the last few days. The weak holders have been eliminated and hope that the serious / long term investors will buy more or replenish what they might have sold earlier, thus start to dominate the uptrend very soon.

There appears to be a (pre-planned) concerted effort by analysts and / or IBs to 'encourage' the recent sell down' of glove counters releasing news of entry of many potential new glove manufacturers which could potentially increase the supply to reduce future ASP and hence the super normal profits enjoyed by existing suppliers. This could result in only normal profits in the near future. This is followed by speculating the risk of the govt introducing a windfall tax on glove companies. All these dampening 'news' have resulted in the heavy selling of not only the four leaders but also other smaller glove suppliers.

Surprise - recovery of share price towards closing, positive sign? but small volume , may some bargain hunting or bottom fishing.

Repeat of Daily forced selling (began at 3.41 pm,) pushing glove counters to new lows.

Daily 'Forced selling' during a continuing trend of lower prices (especially) towards the end of the day is pushing share prices even lower. Investor confidence is further eroded due to the threat of over supply of glove as more competitors enter this lucrative business, in addition to the appearance of vaccines from multiple sources. Latest developments indicates that the days of overpriced glove counters are numbered. This explains the massive selling over the last few days.

Daily 'Forced selling' during a continuing trend of lower prices (especially) towards the end of the day is pushing share prices even lower. Investor confidence is further eroded due to the threat of over supply of glove as more competitors enter this lucrative business, in addition to the appearance of vaccines from multiple sources. Latest developments indicates that the days of overpriced glove counters are numbered. This explains the massive selling over the last few days.

Glove counters sell down started after the Supermax trend reversal.

Market smelled a rat - Supermax price decline showed trend reversal - signalling its profit forecast which would be announced on Monday is likely to be far below expectations.

Glove counters sell down started after the Supermax trend reversal.

Market smelled a rat - Supermax price decline showed trend reversal - signalling its profit forecast which would be announced on Monday is likely to be far below expectations.

current glove counter prices are not sustainable according to edge article. wait until consolidation complete before buying. looks like it may take some time.

confirmed downward adjustment of share price, but how low can it go from today? now that's the important question?

The edge article reviewing glove counters appear to show that current share prices cannot be sustainable since the forecast earnings cannot justify them.

The edge article reviewing glove counters appear to show that current share prices cannot be sustainable since the forecast earnings cannot justify them.

Looks like many rounds of forced selling after each correction pushing the share prices down after the edge article came out on the valuation of each co. and their share prices / earnings.

Looks like many rounds of forced selling after each correction pushing the share prices down after the edge article came out on the valuation of each co. and their share prices / earnings.

Looks like many rounds of forced selling after each correction pushing the share prices down after the edge article came out on the valuation of each co. and their share prices / earnings.

My observation is that there could be some short selling - The pattern of trading over the last two weeks showed that short sellers were able to make money by selling with borrowed shares as the share price dropped from 2.60 to 2.40 (lowest today). As selling dried up, these shorties were caught today.

Closing price 2.44 is 3 sen higher than the price most shares were traded - over 85% of today's trade was done at 2.41. This appear to indicate that there was massive 'short selling' with "borrowed shares" so that it had to be covered by end of trading day. Good lesson (but expensive) for short sellers.