I'm quite sure KYY has a lot more Comfort that he does not intend to sell yet otherwise his old story of buy&keep until RM 6-8 will fall flat and he may lose all credibility with all his followers..... 21/07/2020 4:27 PM
Active traders fully aware of gloves stories and had already taken money off the table. Investing in other sectors where growth is coming from are for the eager beavers who can spot them quickly.
no more ticket to sell ??? hahahahahahahhahahahaha washed out those weak holder. BYEBYEBYE go find your noob counter please. dont ever come glove counter again
1. Pandemic wrecked the economy 2. Gloves cos making higher n higher EPS 3. Vaccine, not an easy thing (far fm reach) 4. New competitor need 2 yrs to come in 5. Fwd PER definitely many x lower at current price
Lot of sour grapes when gloves counters all shooting straight up like rockets...Especially against Topglov...n now this issue...Anyway I bought it when it was below @5.00...sold by @10.00, then bought Comfort n then Ruberex...nobody knew it keeps on shooting up...even smaller n not well established counters, like Careplus n Adventa, plus other related counters. But only gloves counters n occasionally tech counters have more liquidity flowing in n out, for quite a long run. Probably due to suspension of shortselling until year end, gloves n others profit growth counters will outperform until January 2021.
Big Bros n leader of gloves industry good news n upswing...all smaller gloves counters also upswing together tomorrow...those he didn't take advantage during minor corrections, need to wait another chance.
KUALA LUMPUR (July 21): The Ministry of Human Resources today confirmed that the headquarters of Top Glove Corp Bhd in Meru, Klang was raided by enforcement officials last Monday.
However, no offences involving elements of forced labour were found, the ministry said in a statement today.
It said the raid was carried out because the glove manufacturer had breached Movement Control Order rules and provided cramped quarters for foreign workers.
"This caused Top Glove to be compounded by the Ministry of Health and was issued a compliance notice by the Ministry of Housing and Local Government," the ministry said.
The raid, it said, was carried out by task forces for the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act 2007 and the Recovery Movement Control Order.
Top Glove recently confirmed that the US Customs and Border Protection (CBP) had placed a detention order on disposable gloves manufactured by two of the company's subsidiaries, namely Top Glove Sdn Bhd and TG Medical Sdn Bhd.
The group said there was a possibility this might be related to foreign labour issues and that it was reaching out to the CBP through the glove producer's office in the US besides the company's customers and consultants, to understand the issue better and work towards a speedy resolution to the matter within an estimated two weeks.
The ministry said it is aware of how the CBP detention order can affect the credibility and image of Malaysia as well as influence foreign investor confidence following the allegations of forced labour.
Human Resources Minister Datuk M Saravanan have met with Top Glove and other rubber industry players under the Malaysian Rubber Glove Manufacturers Association to seek clarification on the matter.
In a separate statement today, Top Glove said it was recently accorded an "A" rating during a social audit by Amfori, a leading global business association for open and sustainable trade.
The rating was awarded in a social audit conducted from May 23 to 26, as a result of Top Glove receiving 12 "very good" scores and one "good" score for a total of 13 performance areas assessed during the audit.
"The recent Amfori audit and earlier third-party audits, which garnered good ratings, provide independent verification that there is no element of forced labour in our manufacturing facilities," said William Yap, general manager of human resources at Top Glove.
Top Glove said it has continuously upheld good labour practices and complied with requirements of labour laws and best practices, while ensuring adequate measures are in place to protect the safety and well-being of its workforce.
"Since January 2019, Top Glove has attended to more than 100 external social audits of its factories, conducted by established international audit firms. In addition, Top Glove has proactively engaged with various organisations with a view to improve Top Glove's social compliance and performance," the company added.
All settled...Now all gloves counters rocketing...!!!
May Chua Oh no...here comes the false prophet..beware! 22/07/2020 12:28 AM
Good morning...slight limit up today... unknown...long time already up...not 100% gloves company...HLT...plus liquidity...demand n bidding no so constant as other top gloves counters...◉‿◉
^^^GLOVE RALLY - BM HEALTHCARE INDEX IN ALL-TIME HIGH!!
BM healthcare index have continued higher as the closed in on All-Time High after hitting my measured target 3,537 (Fib ratio of 161,8 of recent pullbacks) with both glove makers and pharmaceutical rotation plays.
Interesting to see, this Fib ratio of 161.8 broke through was making realize yesterday with hugh surged from pharmaceutical sectors while glove makers pulling back in correction. That said, a continuation of bullish swing higher towards next target 3,857 (Fib ration of 261,8) level possible before bulls lose control and bears take over for bigger A-B-C correction.
My Bets: Watch out for another rotation plays in pushing glove makers. BUY ON DIPS for potential another 15%-20% gains.
Comfort is smallest among 5 handglove counters.... not sure next quarter profit can increase 100-150% from the average of last 2 quarters net profit or not .... Maybe fair value just 3.60-3.70....
This is something like a yearly renewable software = "renewable vaccine" as every year the vaccine need to be upgraded as the virus is getting stronger. Yearly or bi-yearly injection of vaccine is really a long term business, just like Microsoft office, or any license software (anti-virus) need to be renew yearly. Pharma & DPharma.
Master O buyback Supermx already later oldman will post again asking how to become smart investor lol! ______________________________________________________ OTB Posted by 817065 > Jul 22, 2020 8:39 AM | Report Abuse
If any of you trust KYY and OTB, then you will die poor....this is based on past history. -------------------
Want to attack me, not in Supermx forum. I recommend to buy Supermx to all investors at 3.60. I want to measure my performance in actual result. I do not wish everyone to trust me. I know that in 2020, everyone who trusted me are laughing all the way to the bank. I had created at least 30 to 50 millionaires in 2020, will they die poor ? Likewise, in 2015, 2016, 2017, 2019. I did poorly in 2018.
I sold my Supermx when the share price hits my target price. I did not disturb any investor in this forum. I just inform my subscribers to sell because they paid for my service.
I told my subscribers that I bought back some Supermx at 14.52. I still hold them awaiting Q4 2020 result. I did not disturb anyone here in this Supermx forum.
No reason to attack me. Thank you. 22/07/2020 10:21 AM
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 869 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Max2838
494 posts
Posted by Max2838 > 2020-07-21 16:28 | Report Abuse
I'm quite sure KYY has a lot more Comfort that he does not intend to sell yet otherwise his old story of buy&keep until RM 6-8 will fall flat and he may lose all credibility with all his followers.....
21/07/2020 4:27 PM