9 people like this.

16 comment(s). Last comment by Ben Tan 2021-01-31 21:26

Seek

443 posts

Posted by Seek > 2021-01-28 18:53 | Report Abuse

40m were sold as announced by Epf under sbl. The buying under sbl adds up to 55.7m. Why the difference? Thamks

Ben Tan

456 posts

Posted by Ben Tan > 2021-01-28 19:30 | Report Abuse

Seek, thank you for your comment.

The 40 million announced on January 5 were not the only SBL transaction EPF did. They did a number of other transactions before New Year, in December.

cpchuan

14 posts

Posted by cpchuan > 2021-01-28 20:03 | Report Abuse

Ben Tan, thank you very much! Let's short squeeze them tomorrow.

katsul51

317 posts

Posted by katsul51 > 2021-01-28 20:24 | Report Abuse

Thanks Ben for the data and information.

Seek

443 posts

Posted by Seek > 2021-01-28 20:42 | Report Abuse

Thanks Ben. Bought TG Singapore today at 2.02. Start ball rolling. Hopefully can help.

CJkenho

46 posts

Posted by CJkenho > 2021-01-28 23:01 | Report Abuse

Thanks Ben for yet another important update on this ridiculous position that has become a great disease to our TG. You can certainly be that hero that fire up our retail investors to do a GameStop rise for TG! Time is ripe to shoooo away those shorties!

Anthem2

305 posts

Posted by Anthem2 > 2021-01-28 23:39 | Report Abuse

Since Nov 10th EPF lent out SBL >100M shares. Appears they're recalling their shares.......tomorrow's gonna be mighty interesting!

calvin69

171 posts

Posted by calvin69 > 2021-01-29 04:27 | Report Abuse

Big day today

Ben Tan

456 posts

Posted by Ben Tan > 2021-01-29 10:10 | Report Abuse

cpchuan, katsul51, Seek, CJkenho, Anthem2, calvin69, thank you for your comments.

Seek, that was most certainly a good arbitrage opportunity, if you want to use it as such, since yesterday was a holiday in Malaysia.

Anthem2, yes, it is unclear how much of that SBL amount was used in December though, and unfortunately based on the very limited amount of disclosures required by Bursa, it is very hard to extrapolate anything resembling an accurate estimate.

newbie8080

2,729 posts

Posted by newbie8080 > 2021-01-29 10:38 | Report Abuse

There is always institutional short sellers waiting on the sidelines especially in the mature stock market cycle.

lkoky

539 posts

Posted by lkoky > 2021-01-29 16:18 | Report Abuse

@Ben
If I used a nominee account to buy the shares and hold, does it mean my borker can lend out "my" share in SBL?

Posted by trading2019 > 2021-01-29 16:19 | Report Abuse

This week buy back. Next week short again.

sensonic

690 posts

Posted by sensonic > 2021-01-29 21:18 | Report Abuse

Covid-19 cases in Malaysia cross 200k mark with 5,725 new cases reported while 24 new COVID-19 cases in Singapore, all imported.

Ben Tan

456 posts

Posted by Ben Tan > 2021-01-30 14:44 | Report Abuse

newbie8080, lkoky, trading2019, sensonic, thank you for your comments.

lkoky, that might depend on the agreement you have signed with your broker when you have subscribed to their brokerage service. I advise you to check with them on that.

cutie

1,690 posts

Posted by cutie > 2021-01-31 14:47 | Report Abuse

never heard of Ben Tan before and i think he is famous overnight in analysing. Can open shop already. Very good in analysing .In future I think he is going to have a lot of followers. Thumbs up.

Ben Tan

456 posts

Posted by Ben Tan > 2021-01-31 21:26 | Report Abuse

cutie, thank you for your comment.

I don't plan to open shop. My knowledge is limited, but I like to share my findings, hoping they would benefit others, and hoping through discussion I could also gather constructive opinions from others. I believe in the long run this is a lot more valuable than "selling" services for a fee.

Post a Comment
Market Buzz