Posted by PresidentRotiCanai > 2020-08-17 19:26 | Report Abuse

Everyday vaccine, windfall tax, contra ban etc.. Still gt what bad news?

Posted by Bull13 > 2020-08-17 19:27 | Report Abuse

Todays announcement....Directors buying shares. .... BOnus issue coming?

Posted by startrader > 2020-08-17 19:39 | Report Abuse

Topglove directors bought. This is good news.

TAN SRI DR LIM WEE CHAI (a substantial shareholder) acquired 500,000 shares on 17-Aug-2020.
PUAN SRI TONG SIEW BEE (a substantial shareholder) acquired 500,000 shares on 17-Aug-2020.
PUAN SRI TONG SIEW BEE (a company director) acquired 500,000 shares at 22.435 on 17-Aug-2020.
MR LIM JIN FENG (a substantial shareholder) acquired 500,000 shares on 17-Aug-2020.
MR LIM HOOI SIN (a substantial shareholder) acquired 500,000 shares on 17-Aug-2020.
MR LIM HOOI SIN (a company director) acquired 500,000 shares at 22.435 on 17-Aug-2020.

Posted by SuperPanda > 2020-08-17 19:42 | Report Abuse

no more bad news, used up already, 1-2 days to test support then rocket up back

in gloves we believe profit !

Posted by samsmb > 2020-08-17 19:42 | Report Abuse

Comfort drop 50% from the peak high .. holly shit

Posted by woo16899 > 2020-08-17 19:43 | Report Abuse

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.

Posted by mf > 2020-08-17 19:47 | Report Abuse

KUALA LUMPUR: Windfall tax risk for glove makers after their supernormal profits and surge in share prices saw investors take some money off the table.

Posted by lexxi012 > 2020-08-17 19:48 | Report Abuse

@Woo - Establish a new business to compete with big boys in glove industry is going to take time, more like U19 soccer team vs senior team.

Posted by huha88 > 2020-08-17 19:49 | Report Abuse

Want to cry ady .. heart pain

Posted by woo16899 > 2020-08-17 19:49 | Report Abuse

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.

Posted by lexxi012 > 2020-08-17 19:50 | Report Abuse

@mf - the GDP growth was really bad for Q2, the government will not impose windfall tax to kill the blooming industry as it create jobs in the market.

Posted by lexxi012 > 2020-08-17 19:55 | Report Abuse

Just ignore the stupid excuses from the IBs to pull the price down e.g. Russia vaccine, contra ban, windfall tax and so on. It's not just an coincidence........

Posted by woo16899 > 2020-08-17 19:58 | Report Abuse

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)

Posted by mf > 2020-08-17 20:55 | Report Abuse

government would consider imposing a windfall tax for industries that have made extraordinary profits amid the Covid-19 pandemic such as glove manufacturing.

Posted by SuperPanda > 2020-08-17 20:58 | Report Abuse

the windfall tax not coming tomorrow lah, what to afraid, even if gov wants it, has to table in parliament and that takes few months

Posted by SuperPanda > 2020-08-17 21:02 | Report Abuse

all the noise outside there are motivated by stockbrokers and banks to fear you

imagine supermx with 1b profit and top glove with 1.5b profit for the whole 4 qtrs..

that is HUGE profitttttttt !! no other company can make 1b profit in 4 qtrs in 100 years history !! even longer

and people now afraid to buy gloves stock... wake up !

Posted by degaht > 2020-08-17 21:54 | Report Abuse

think before u sell...that's all...

https://klse.i3investor.com/blogs/gloveharicut/2020-08-12-story-h1511677631-TAN_SRI_DR_LIM_WEE_CHAI_spend_more_than_RM50_million_to_buyback_TOPGLOV.jsp

Posted by Steviaman > 2020-08-17 21:56 | Report Abuse

If not collect we wont have chance soon. It will surely rebound after this oversold.

Posted by stockraider > 2020-08-17 21:57 | Report Abuse

Run b4 too late mah...!!

Tsunamiiiiiiiiiiiiiiiiiiiiiiiiiiiiii!!

Posted by contradex > Aug 17, 2020 9:52 PM | Report Abuse

@stockraider u already cutloss?then u can go play ur penny stock then. LOL ..

Posted by khatulistiwa1234 > 2020-08-17 22:09 | Report Abuse

2.80 in a week

Posted by khatulistiwa1234 > 2020-08-17 22:09 | Report Abuse

Month , plunged to 2.20

Posted by khatulistiwa1234 > 2020-08-17 22:09 | Report Abuse

Glove counter all gutter in .

Posted by shootingstar888 > 2020-08-17 22:23 | Report Abuse

Good piece of write up, please read. Buy at weakness, before too late, opportunity dont always knock on your door. Accumulate more ...

https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=23966

Posted by SuperPanda > 2020-08-17 23:00 | Report Abuse

buy before it go up again, when cheap we buy, buy all until no money left, borrow brother sister, uncle and auntie money

if have gold can pawn, now gold very expensive, 100g pawn can get 20k already

put in gloves and keep ot for 2-3 mths sure big profit

Posted by ChaseBros > 2020-08-17 23:06 | Report Abuse

Just a quick summary from the collection of thoughts from the scientist/medical-practitioner, not politicians :-

1) Scientist still do not know Covid well
2) Normally a safe and "highly" effective vaccine will take 10 years or more to develop
3) Covid is mutating very fast
4) Covid is too widespread
5) FDA and WHO consider to release the vaccine with minimum 50% efficacy, with the "hope" to control the spread, not putting an end to it.
6) Vaccine production, distribution and dispensing will take 1 - 2 years
7) Increasing number of people growing skeptical against this fast-track vaccine, about 50% of the western population and will not take the vaccine even if that is available.
8) Quite likely minimum 2 shots would be required (at certain interval) and re-vaccination on annual basis like flu shot would be required, yet actual production/distribution is unable to meet this schedule.
9) Cost wise would burden many third world countries in the long run though many are shun by the subject

Going forward, assuming a safe vaccine with 50% efficacy is conceived in 2021 (and we would be damm lucky to have 50% efficacy vaccine by 2021), Covid is able to be brought under somewhat but not total controlled (nor stopped/eliminated) in 2022/2023. Please take note that 50% is based upon clinical trial and without regard of the efficacy in actual environment and also against new variant that will surface along the way. Major outbreak will take place from time to time, and from one place to another, while high alert remain in place throughout. PPE remained highly in demand with the SOP remain in place, just like the stricter airport SOP remained till today even though Sept 11 incident is long gone. Just a small Covid cluster will catch the global headline. Glove demand will remain high after 2023 though may not be at the level during its peak. Leadtime may reduce from 12 months+ to probably 5 - 6 months, as compared to 1 month or less in pre-Covid era. Therefore, ASP remain high, probably at today's level, instead of further escalating.

Comfort will see better next QR after another and may only taper marginally from 2022/2023 without taking into consideration of the additional supply from new plants coming into operation in next couple years, your guess on the TP is as good as mine. We have to acknowledge post Covid will not be the same again like the Sep 11 incident and in Covid case it impacted the whole world. Vaccine and glove will complement each other, not one or the other. Please note that Malaysia Rubber Glove Manufacturer Association (MARGMA) forecast 12% annual growth of global demand for glove under normal case. That is too say the glove manufacturer will see higher and higher revenue.

A more realistic expectation is that a highly effective vaccine would be conceived in 10 years time when the scientist get to know more of Covid-19 and how to fight it. By then, all glove manufacturers would have at least double its size and world demand had grown exponentially (based on 12% annual estimate by MARGMA). Hopefully we don't have to deal with another new outbreak.

Posted by Goldberg > 2020-08-17 23:07 | Report Abuse

Here is an interesting article

https://klse.i3investor.com/blogs/feliciawong/2020-08-17-story-h151238...

Posted by gemfinder > 2020-08-17 23:19 | Report Abuse

Sars doesnt afect whole world. Y make vacine.?

Posted by averageguy90 > 2020-08-17 23:25 | Report Abuse

this recent drop gave me a better understanding on how dirty investment banks can be
And how they keep pushing the price down with low quality articles on gloves.

Windfall tax ( same story before this,with nothing conclusive)
Vaccine story
Contra ban

super dirty investment banks
I've read about how they egg the retailers to sell and cut loss
how to spook investors with just a lousy article on edge
And so so poorly informed retailers who keep running away from the only winning ticket in 2020

Every morning without fail one of the investment banks or edge will release a low quality report on how the end of gloves are here and magically tomorrow no one need to wear glove and magically everyone cure automatically
and covid settle within one day

Posted by averageguy90 > 2020-08-17 23:28 | Report Abuse

Technically me alone-change about 20-30 pairs of gloves a day and I'm not even handling covid patients -I used to use around 5-6 pairs a day only prior to this.Demand is crazy up and no way you can get gloves from any of our manufacturers.

Try going to any of our glove companies-and saying you need 100k gloves to supply ,they will straight reject you and say waiting period is 1 year .

Posted by oilwaterman > 2020-08-17 23:44 | Report Abuse

https://www.themoscowtimes.com/2020/08/17/russia-approaches-930k-coronavirus-cases-a69710

Separate figures published last week by Russia’s statistics agency Rosstat found that the number of deaths from the virus could be much larger than this official tally, updated daily by the country’s coronavirus task force. It found almost 12,000 people with coronavirus died during June alone, with the virus confirmed or believed to be the main cause of death in more than 7,000 cases, while the task force figures showed only 4,880 for the same period.


Russia own media report cases may be manipulated.

Posted by foongkitmun > 2020-08-17 23:54 | Report Abuse

All depends on the quarter results in this sept...hopefully 10 times more compare to non-Covid

Posted by oilwaterman > 2020-08-17 23:58 | Report Abuse

https://www.themoscowtimes.com/2020/08/17/russia-approaches-930k-coronavirus-cases-a69710

Separate figures published last week by Russia’s statistics agency Rosstat found that the number of deaths from the virus could be much larger than this official tally, updated daily by the country’s coronavirus task force. It found almost 12,000 people with coronavirus died during June alone, with the virus confirmed or believed to be the main cause of death in more than 7,000 cases, while the task force figures showed only 4,880 for the same period.


Russia own media report cases may be manipulated.

Posted by SuperPanda > 2020-08-18 00:34 | Report Abuse

those dont wanna buy just let them lose this 3rd opportunity to buy in gloves

1st is before covid
2nd is due to margin control
now 3rd is on russia vaccine/windfall tax/bla bla bla

if wait for the 4th, the trap will be severe, buying >rm8, rally to rm10, than fall till rm5 back

Posted by mf > 2020-08-18 08:43 | Report Abuse

Russia, which last week became the first country to grant regulatory approval to a Covid-19 vaccine amid scepticism from the global scientific community, has released a video showing how the ‘Sputnik V’ jab would end the novel coronavirus.

Posted by oilwaterman > 2020-08-18 09:11 | Report Abuse

hahahahaha mh hahahahahahha

Posted by genghis > 2020-08-18 09:29 | Report Abuse

maybe today can smell the green grass

Posted by banana86 > 2020-08-18 09:32 | Report Abuse

false rebounce ?

Posted by woo16899 > 2020-08-18 09:37 | Report Abuse

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.

Posted by dusti > 2020-08-18 09:39 | Report Abuse

Think positive! Today>4.00 by lunch then zoooooooom to >7.28. Then all HAPPY!

Posted by investor184 > 2020-08-18 09:44 | Report Abuse

mf no idea whats your post about. Got video it seems..all computer animated la. thereotically thats how it will work . u think they put go pro on the vaccine?

Posted by woo16899 > 2020-08-18 09:46 | Report Abuse

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

Posted by woo16899 > 2020-08-18 09:52 | Report Abuse

Glove shares have started flying higher and higher now.

Posted by dusti > 2020-08-18 09:53 | Report Abuse

Most important factor, foreigners are back, a bullish factor for glove counters. If you want a little of the action Comfort can help

Posted by ohmaigod > 2020-08-18 09:53 | Report Abuse

stay green 10% per day, Friday u guys can reenter to glove counter ;))

Posted by woo16899 > 2020-08-18 09:54 | Report Abuse

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

Posted by woo16899 > 2020-08-18 09:59 | Report Abuse

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.

Posted by newkid > 2020-08-18 10:00 | Report Abuse

Still few hundred k paper loss

Posted by Jack888 > 2020-08-18 10:10 | Report Abuse

医生多过病人

Posted by pasito > 2020-08-18 10:20 | Report Abuse

today pls go for limit up... lol..

Posted by woo16899 > 2020-08-18 10:21 | Report Abuse

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