bankers start kicking out the contra / margin players and grab the shares by their own.....naughty banker, this year many non - glove companies performance not able to fulfill bankers'profit / return requirement.
Hope someone don’t lose his job due to this ‘brilliant’ idea to cap the share price value. Especially it is proven by the solid earnings, eg Supermax. Most the margin acct holders will redeem their financing to other banks.
Top Glove Trading at FY21 P/E of 11x Only; Maintain BUY
•Massive earnings explosion in the coming quarters will throw brokers’ forecasts out the window. We raise our Top Glove's FY20-22E EPS by 37%/180%/18% as we impute for ASP hikes and spot orders until 1QFY21. We highlight that our FY21E EPS is still conservative as we impute for zero ASP hikes and zero spot orders from 2QFY21.
•Post-earnings revision and pegging at a lower CY21E P/E target of 23x (from 30x; +0.5 SD to 5-year mean), our new Target Price is MYR20.00 (+83%, from MYR10.95).
i wonder how many participant remember just a few of these counters. maxis double decker mox jti . all taken private if the company do well. klse is for syndicate play. remember omega securities?
They dont want too much speculation derives by debt only, for example using contra and margins. Prices will go up eventually as they release next result.
With this restriction,does it mean margin users cant buy/sell above the capped price? only cash buyers can?
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Posted by johnny cash > 2020-06-02 13:10 | Report Abuse
LOOKS LIKE RHB IS GOING TO BE GLOVES DESTROYER THIS TIME.. FUTURE DO NOT TRUST ANY OF THEIR REPORTS