Posted by LaoTzeAhSir > 2020-10-31 00:09 | Report Abuse

NoNonsenseHere. haven't given up yet? harta down 1%, supermx down 3%.how come?

Posted by LaoTzeAhSir > 2020-10-31 00:10 | Report Abuse

Stocks wise, the exponential surge in Covid-19 cases in the US and Europe should boost the buying interests for technology and healthcare-related stocks. HLIB’s top picks are TOPGLOV, HARTA, KOSSAN, MAHSING, PHARMA, FRONTKN, INARI, UNISEM and UWC.

Ooops, where is supermx?

Posted by NoNonsenseHere > 2020-10-31 00:22 | Report Abuse

@LaoTzeAhSir
You trust the banks? Are you a clown? The banks will sell to you when it becomes high.
You are truly a joke.

Posted by LaoTzeAhSir > 2020-10-31 01:55 | Report Abuse

maybe i should trust you instead?

Posted by mf > 2020-10-31 01:59 | Report Abuse

Dow falls more than 400 points as Wall Street heads for worst week since March

Posted by Morpheus61 > 2020-10-31 09:57 | Report Abuse

Guys, Globally shares of Companies reporting good growth QoQ are Spiking in spite of indexes tanking. Obviously that must mean something is burning here on KLSE. All of you want to lose money and just curse yourselves?

Do something about it. It's your life. It's your money. IB's have their vulnerabilities too.

Posted by aarontan1987 > 2020-10-31 14:07 | Report Abuse

very impressive indeed hahahahahahahahaha the only glove stock that speaks highly of its performance and exudes a good corporate governance also hahahahahahahaha lets see what it has for the investor till year end hahahahahahahaha

Posted by blistering > 2020-10-31 23:45 | Report Abuse

Guys..Funds are selling gloves stock, but there is downstream stock are worth to buy now as it's now have huge potential to gain with capital injections from FELDA & higher CPO + gain from global Rubber Shortage due to rising demand from improving China & Glove makers consumptions...

-->> FGV is a good buy now as it's CHEAP !!! collecting on big amount monday morning

Posted by kachan > 2020-11-01 12:40 | Report Abuse

Harta now already bottom and waiting for to uptrend next week. Tomorrow still got time to buy before all glove can fly up.

Posted by Wee Siong > 2020-11-01 14:42 | Report Abuse

KWSP preparing to selloff. It will liquidate. Careful.

Posted by winghuat > 2020-11-01 18:19 | Report Abuse

Johnson locks down England as UK COVID-19 cases pass 1 million patients
https://www.channelnewsasia.com/news/world/england-covid-19-lockdown-uk-boris-johnson-13429492?cid=FBcna

Posted by winghuat > 2020-11-01 18:21 | Report Abuse

Nov 1.2020
COVID-19: New cases jump to 957 today, 644 reported in Sabah

https://www.soyacincau.com/2020/11/01/covid-19-malaysia-957-new-cases-644-sabah-xrs/

Posted by winghuat > 2020-11-01 18:25 | Report Abuse

U.S. reports world record of more than 100,000 COVID-19 cases in single day
https://www.thestar.com.my/news/world/2020/10/31/us-reports-world-record-of-more-than-100000-covid-19-cases-in-single-day

Posted by Mak_kiah > 2020-11-01 21:01 | Report Abuse

I am waiting at 13.

Posted by mf > 2020-11-01 21:04 |

Post removed.Why?

Posted by smallfellow > 2020-11-02 10:11 | Report Abuse

Almost everything is going sideways waiting for the US election result and of course our forth coming budget. I think the glove market will not be greatly affected which ever way things go. People will still need to buy medical gloves and any new comers will need time to catch up. I guess will have to wait a few more days for things to settle down.

Posted by LaoTzeAhSir > 2020-11-02 10:25 | Report Abuse

how come you refuse to see supermx down 3% harta still in black even b4 potential black swan event us election. iSaham overall top pick, Harta, iSaham long term best pick, Harta.

Posted by limontea > 2020-11-02 10:29 | Report Abuse

Everybody is sitting and waiting. US election + Malaysia Belanjawan + Malaysia will push for General Election or not.

Posted by kachan > 2020-11-02 10:39 | Report Abuse

buy buy buy this is the lowest cant drop. Glove anytime will uptrend. Dont regret later.

Posted by roger1138 > 2020-11-02 11:01 | Report Abuse

Do not worry. Buy later. By end of the week will be cheaper cos of contra and margin call.

Posted by wkc5657 > 2020-11-02 11:35 | Report Abuse

wah...harta steady la....

Posted by miracle80 > 2020-11-02 14:49 | Report Abuse

https://www.cnbc.com/2020/10/20/covid-19-likely-to-become-as-endemic-as-flu.html?__source=facebook%7Cmain&fbclid=IwAR3bs14WSejQAsk7TG-j3nfcv3Ng4xOQ9hSbnkxBT0artjWMPcOUZJXauuY

Posted by lsyiat > 2020-11-02 15:21 | Report Abuse

this stock is overvalued, results weak than Topglov and Supermx but PE higher than both

Posted by LaoTzeAhSir > 2020-11-02 16:32 | Report Abuse

loser clmb, harta down 1%, c52 down 6% plus. dirtiest and most manipulative ib ever.

Posted by Mabel > 2020-11-02 22:24 | Report Abuse

Windfall tax on gloves is only justifiable when the industry makes huge profits over a longer period (like oil palm) but not just over 6 months during d Covid-19 pandemic. Any windfall tax come just add to the ASP and pass on to customers end consumers which is not a good idea under current economic uncertainty.

Up to mid-October, there have been no consultations between the authorities and industry representatives to discuss the implementation of such a tax. Windfall tax IF include have to wait 6 Nov 2020 during Malaysian budget tabling, but due to politics uncertainty, it maybe not being approve or need longer time to be approve.

Furthermore, unlike a commodity like crude palm oil — where prices are publicly available as the product is generic — there is no standard average selling price (ASP) for gloves, as they come in different types and specifications. For example, gloves can be made from nitrile butadiene or natural latex, each with their own cost structures. Additionally, clients from different industries — e.g. healthcare, pharmaceutical, food, and semiconductors — will also require different glove specifications with a wide range of ASPs.

As an example, if windfall tax approves, at what stage it will be implement?.
1. If on manufacturing, Harta will be effect the most due to more production and all its product manufacture in Malaysia. (Tax for each glove)
2. If on trading, supermax will be the most effect but supermax do most of their trading overseas through their oversea distributor so they can set bigger profit margin or operation cost for their oversea subsidiary then put it on their oversea expansion.
3. If on earning, supermax did not only sell glove but other PPE and contact lens too.. so cannot lump sum all supermax earning are from glove. Again, the most effects is Harta.
Anyway, price of glove sell by each manufacture are not the same, depend on how they negotiate. Is it fair to punish the better negotiator? So how to calculate the windfall tax to make it fair to every company. Then we have new entrant, even before their investment bear fruit, their profit already will be tax. This will discourage investment in glove and halt growth of glove industry in Malaysia.

RHB said the rubber glove industry has been paying corporate taxes and foreign worker levies to the government. In line with the higher profits within this sector, RHB estimate that the tax paid to the government should be at least triple the amount paid during pre-Covid-19 times.

Lastly, imposing a windfall tax may be counter-productive, as it could encourage local glove makers to adjust their future expansion plans overseas to countries like Thailand and China

Posted by NPRA1985 > 2020-11-03 01:40 | Report Abuse

Tomorrow uptrend?

Posted by kachan > 2020-11-03 07:07 | Report Abuse

Today last chance to buy. This is the bottom cant go down anymore. Buy before IB buy. Be greedy or regret later not buy. All glove will start uptrend.

Posted by PZOGRO > 2020-11-04 08:11 | Report Abuse

HOT!

TAX EXAMPTED FOR HEALTCARE SERVICES!

GST 2.0 IS BACK!!

GST 2.0 IS BACK!!

INSIDER CABLE SAID GST AT LOWER 4% RATE & TAX EXAMPTED FOR HEALTHCARE SERVICES!!

Posted by koey > 2020-11-04 08:50 | Report Abuse

Muhyiddin said Minister in the Prime Minister's Department, Datuk Seri Dr Zulkifli Mohamad Al-Bakri had explained that although the Saudi Arabian government has allowed the umrah pilgrimage for a period of 10 days, the government, on the advice of Health Ministry (MoH) does not intend to allow Malaysian pilgrims there at this point of time.

Posted by gloveharicut > 2020-11-04 09:36 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-11-04-story-h1535624917-CIMB_Report_on_GLOVES_Execution_of_windfall_tax_difficult_expecting_one.jsp

Posted by liegelord > 2020-11-04 10:41 | Report Abuse

hopefully the election will help!

Posted by Mabel > 2020-11-05 00:11 | Report Abuse

The U.S. presidential election has yet to deliver a clear winner, as many predicted, with several key contested states too close to call and votes still being counted across Pennsylvania, Michigan, Wisconsin, North Carolina, Georgia and Nevada. With 270 electoral votes needed to claim the White House, President Trump currently has 213 electoral votes, and former Vice President Joe Biden has 238, according to the Associated Press. While many were hoping for a quick and decisive result, a historic number of mail-in ballots could be counted into Wednesday and possibly beyond.

Posted by PZOGRO > 2020-11-05 09:55 | Report Abuse

HOT!

GLOVE SECTOR: TAXES RAISED TO 35% YR2021

Posted by icyminsfw > 2020-11-05 10:23 | Report Abuse

Becareful trading today afraid tomorrow Anwar make Motion of No Confidence at the Parliament or Many rejection on the Budget 2021.

Posted by PZOGRO > 2020-11-05 10:36 | Report Abuse

TOPGLOVE KOSSAN SELLDOWN YESTERDAY
TODAY HARTA SUPERMX I THINK
GOOOD TIME TO BUY CHEAP!

Posted by Mabel > 2020-11-05 11:36 | Report Abuse

Nice and lovely..

All Fantastic Four are up and running..

Today Mabel can Meow 4 times :)

Meow Meow Meow Meow

Posted by smallfellow > 2020-11-05 11:45 | Report Abuse

Nothing exciting is going to happen until after the budget. If the budget goes through tomorrow without any trouble then there is a lot of catching up to do next week.

Posted by PZOGRO > 2020-11-05 11:50 | Report Abuse

SUPERMX 9 (EX 18)
KOSSAN 7 (EX 14)

HARTA NOW 18 OVERVALUED LA.....COME DOWN TO 16 LA I BUY!

Posted by newbie8080 > 2020-11-05 13:09 | Report Abuse

Topglove: Overwhelming Demand For Nitrile Glove

https://klse.i3investor.com/blogs/20200913StoryRM200Bil/2020-11-05-story-h1535632544-Topglove_Overwhelming_Demand_For_Nitrile_Glove.jsp

Posted by kachan > 2020-11-05 14:42 | Report Abuse

Glove will limit up. Be greedy or regret not buying today. We buy first before IB buy.

Posted by kakashi > 2020-11-05 17:31 | Report Abuse

Kachan....IB already buy la. U can only buy after them

Posted by kakashi > 2020-11-05 17:42 | Report Abuse

Biden love mask n glove

Posted by kakashi > 2020-11-05 17:46 | Report Abuse

Mah sing just wanting to produce glove next year. So u think glove already over? Just started

Posted by joesephlim > 2020-11-06 11:45 | Report Abuse

It is sheer stupidity to raise windfall tax on existing gloves companies just because they have the luck to ride on a virus pandemic.
Afterall, all these gloves companies are already paying taxes to the govt. coffers.
Besides these companies provide jobs for the peopleto survive in good or bad times even in a mismanaged economy by the incumbent govt.
No point trying to break the goose which lays the golden eggs that feed the govt. thru tax collections.
Suspect windfall will not be passed and therefore no need to be perturbed by it besides the US Presidential Elections.
Just ride on the medium and long term uptrend of Hatalega with a buy and hold investment strategy to enjoy your hard earned labourin due course as so far to date, all existing glove companies will to enjoy at least a 12 months earnings visibilty of humongus profits for next few quarters as gloves findamentals cannot change overnite.
At least, virus spread globally will likely disiipate after 2 years from the date it started.
Hold stead fast to the 2 Cs: Conviction and Confidenence in your medium to long term investment thesis and not let short term mkt gyration cloud uour positive outlooks on all gloves counters!!!

Posted by LaoTzeAhSir > 2020-11-06 17:16 | Report Abuse

each donated 100m to government. big 4 gloves

Posted by OngKawKaw > 2020-11-06 17:30 | Report Abuse

NEXT WEEK KAW KAW LAT

Posted by JohnFarmer458 > 2020-11-06 17:36 | Report Abuse

Tax deductible

400mil x 76%

end up only cost them all 4 companies RM96mil

an 8% windfall tax would have costed TopGlove almost 1billion in 1 year

320mil(est) to Supermax in 1 year
160mil(est) to Hartalega in 1 year
80mil(est) to Kossan in 1 year

its a win win situation for both, government get an immediate cashflow of rm400mil to fund the budget to fight covid

Posted by Foker > 2020-11-06 17:53 | Report Abuse

Harta should pay for everything.

Posted by Foker > 2020-11-06 17:53 | Report Abuse

Like this supermax and tg can. Limit up

Posted by LaoTzeAhSir > 2020-11-06 18:08 | Report Abuse

Harta 90m, Topglov 150m.