Posted by witan > 2021-01-09 08:35 | Report Abuse

SBL, in this case, stands for securities borrowing and lending. This means the provident fund is lending out its Top Glove shares for a fee to investors who intend to short the stock.

https://www.theedgemarkets.com/article/epf-ceases-be-substantial-shareholder-top-glove-after-three-months

Lol smart move by EPF. They know eventually shorties will lose. Easy money for EPF.

These shorties never learn. Why fight vs EPF n TanSri. Confirmed gg hahaha

Posted by 10048917 > 2021-01-09 09:26 | Report Abuse

Assalamualikum ajim?

Posted by smallfellow > 2021-01-09 09:42 | Report Abuse

Witan, assuming you are right then the short seller JP Morgan had their ass kicked. So I assume now that the short sellers have died a natural death the share price will start to rebound. The only worry I have is EPF has now accumulated a lot of "cheap" shares. It is not a matter of if but when will EPF start to off load some of their shares to take profit??

Posted by gemfinder > 2021-01-09 09:49 | Report Abuse

https://www.theedgemarkets.com/article/pfizerbiontech-vaccine-appears-effective-against-mutation-new-coronavirus-variants-%E2%80%94-study-0

Posted by gemfinder > 2021-01-09 09:52 |

Post removed.Why?

Posted by Pgraduate123 > 2021-01-09 10:26 | Report Abuse

Smallfellow
I believe shortlist did not lose their pants, just did not make as much.
Now that glove mania is back, I think EPF will wait till TG goes back to their offloaded selling price, hence EPF also did not lose much. I think still holding 5% ard rm7 plus based on reports

Posted by Goldberg > 2021-01-09 11:57 | Report Abuse

https://klse.i3investor.com/blogs/bursainvestments/2021-01-09-story-h1539233535-Gloves_The_Bad_Guy_Loses_From_Time_to_Time.jsp

Posted by katsul51 > 2021-01-09 20:07 | Report Abuse

My guess of PM's announcement on Monday would be modified version of the First MCO with Inter state and inter district restriction beyond 1st March 2021.

Posted by gemfinder > 2021-01-09 20:07 | Report Abuse

https://www.theedgemarkets.com/article/govt-not-expected-impose-total-lockdown-mco-says-ismail-sabri

Posted by IdleMoney66 > 2021-01-09 20:19 | Report Abuse

Is tp18 possible again?

Posted by gemfinder > 2021-01-09 20:22 | Report Abuse

Not posible. mon game over for gloves

Posted by Lewis Lee > 2021-01-09 21:21 | Report Abuse

EPF offload most if not all TG shares and switched to Harta ! as simple as that !
EPF stands for benefit for employees, they can't invest in a company that building wealth by exploiting their foreigner workers left right and centre ! As voiced out seriously by foreign fund managers eg. Balck rock etc !
Whereas Harta has been doing business with good conscience and humanity, even earning less ASP but they earned the respect from most fund managers !
End of the day, good conscience and humanity WIN !
Those who uphold this principle will WIN as well !
Trust me , karma is in play !!

Posted by mf > 2021-01-09 21:24 | Report Abuse

Machang MP withdraws support for PN govt
January 9, 2021 by Surin Murugiah
KUALA LUMPUR (Jan 9): Machang Member of Parliament (MP) Datuk Ahmad Jazlan Yaakub has withdrawn support for the Perikatan Nasional (PN) government.
"I hereby withdraw my support for the Perikatan Nasional government, which is led by [Prime Minister] Tan Sri Muhyiddin Yassin," tweeted the Umno MP today.

Posted by invest4tomoro > 2021-01-09 21:32 | Report Abuse

All gloves produced are for export mainly europe

Posted by noobinvestor98 > 2021-01-10 10:48 | Report Abuse

Harta is set to fly on Monday! Tighten ur seatbelt before it's too late.

Posted by Icon8888 > 2021-01-10 12:00 | Report Abuse

As I mention before no mco, no ppl believe. Speculator, this fake rumour on Mco might create by those so call guru. my fr working at putrajaya told me since elast wednesday, got roadblock, close shopping mall, not allow interstate travel beside business purpose. Possible a sell down tmr for panic sell again.
As you look at Friday transaction, all small potato chase high tomato.

Posted by limontea > 2021-01-10 12:45 | Report Abuse

Shorties hope gloves will die

Posted by super168 > 2021-01-10 13:14 | Report Abuse

A friend bought and collected years before covid-19 happens. His investments in gloves pay off, earn at least 1/2 million. He said the bottom, he collected back.

Posted by noobinvestor98 > 2021-01-10 15:18 | Report Abuse

All the naysayers in this forum is either not making money from glove stocks or short seller who caught peeing in their pants.
WHY Y'ALL ARE TRYING SO HARD?

Posted by limontea > 2021-01-10 19:26 | Report Abuse

https://m.benzinga.com/article/16521217

“One of the biggest risks of all in short selling a stock is buy-ins and short squeezes.

Short squeezes occur when a stock’s price rises enough to trigger short sellers to start closing out their positions. In order to close a short position, short sellers must buy back the shares they sold. Buying volume from long investors added to buying volume from short covering creates even more buying volume, triggering even more short covering and bullish momentum traders.

As a result, a stock price can rise exponentially in a short period of time, and some short sellers may have no choice but to take extremely heavy losses. Brokers implement safety measures called buy-ins to help protect investors from unreasonably large, out-of-control losses.”

Inilah peluang dan saat-saat yang ditunggu-tunggukan. Monday is going to be very exciting ~!

Posted by STEADYBOMBIBI85 > 2021-01-10 21:05 | Report Abuse

My main worry is the political uncertainty. Will it trigger a sell off or pullback ? https://www.malaymail.com/news/malaysia/2021/01/10/remember-your-oath-to-defend-the-constitution-time-to-seek-audience-with-ag/1939040

Posted by DreamCommander > 2021-01-10 21:17 | Report Abuse

Posted by STEADYBOMBIBI85 > Jan 10, 2021 9:04 PM | Report Abuse

My main worry is the political uncertainty. Will it trigger a sell off or pullback ?

********************************

Dude, I see this one particular post of yours in all the glove rooms

So, I'm now wondering if you're really doing it honestly & genuinely out of worry, or you're actually conducting a sly covert insidious form of scaremongering???

Posted by DreamCommander > 2021-01-10 21:17 | Report Abuse

Probably scaremongering but worded as "I'm worried ..."

Posted by GoldenHarvest1 > 2021-01-10 22:00 | Report Abuse

mco is good for curbing the covid-19 spread

Posted by GoldenHarvest1 > 2021-01-10 22:01 | Report Abuse

mco also raises awareness about need for strict covid-19 SOPs, therefore mco good for glove stocks

Posted by Pgraduate123 > 2021-01-10 23:13 | Report Abuse

Icon888, sell down is definite, but go to genting and airasia, carlsberg, oil n gas forum la, as glove mania just started here.

Posted by Steve Ooi > 2021-01-11 00:02 | Report Abuse

A lot so desperate in glove, please laa last friday is panic buy cause by fake rumour on MCO laa. Don't be that naïve, what make glove up so much? fake MCO news.
So if no MCO mean uturn laa. as easy as that.

Posted by GrowingRich > 2021-01-11 03:01 | Report Abuse

Minister Mustapa Mohamad tests positive for covid-19

https://www.thestar.com.my/news/nation/2021/01/10/tok-pa-tests-positive-for-covid-19

Posted by GrowingRich > 2021-01-11 04:09 | Report Abuse

mco gonna revive awareness on covid-19 & re-trigger stronger compliance with SOPs

Posted by GrowingRich > 2021-01-11 04:09 | Report Abuse

Therefore mco gonna be good for glove stocks

Posted by limontea > 2021-01-11 07:24 | Report Abuse

Tolong sikit laa, MCO tak MCO, gloves tetap diperlukan. Harga jatuh sebab orang nak short. Lepas habis short, dia mesti mau naik balik jugak mah. Big 4 bukan buat gloves untuk Malaysia saja, untuk satu dunia. MCO kah tak MCO, bukan punca harga dia naik turun laa. Jangan duduk dalam tempurung tengok perkembangan gloves.

Posted by Bgt 9963 > 2021-01-11 08:36 |

Post removed.Why?

Posted by calvin69 > 2021-01-11 08:36 | Report Abuse

From Stephen Hagger, head of Credit Suisse Malaysia:

Hartalega: “Demand to exceed supply for next 3-4 years”

Hartalega, the world’s 2nd largest glove player (~40bn pieces) after Top Glove (~90 bn pieces), presented at the CS ASEAN conference. The stock has historically traded at a premium to the sector, due to it being predominantly a higher margin nitrile player, but also due to its management. This has played out during this crisis. Hartalega has been praised for its treatment of workers, while others have not. It can also not be accused of being opportunistic during the pandemic, as it is a price follower, which should pay off in the long term, when supply catches up with demand. Often viewed as the voice of reason in the sector, here are some of their thoughts:

Management expects demand to exceed supply for the next 3-4 years:
* Global demand is increasing as a result of mass testing & the vaccination programmes. They are expecting 30% growth in demand from developed markets & 100% from developing markets.
* Management gave some guidance as to the constraints by new entrants: It takes 9-12m to build a plant, 4-6m for commissioning, with labour & accommodation being a particular constraint in Malaysia. The supply of raw materials for nitrile are also constrained.

This situation will feed through to higher for longer ASPs. Hartalega experienced a rise of > 50% in 4QCY20 ASPs & they are expecting another 50% increase in 1QCY21. This is as a result of industry wide ASP hikes, but also as a result of being a price follower.

As fundamentals were realised, the sector staged a convincing (12-30%) bounce last Friday.

Posted by aiyooo > 2021-01-11 09:37 | Report Abuse

in bonus issue otw

Posted by aiyooo > 2021-01-11 09:37 | Report Abuse

kikikiki

Posted by STEADYBOMBIBI85 > 2021-01-11 09:41 | Report Abuse

Guess im not wrong. The market speaks for itself.

Posted by gloveharicut > 2021-01-11 09:41 | Report Abuse

CIMB: GLOVEs ASP to still rise in Jan and Feb 21. TOPGLOV TP RM8.90

https://klse.i3investor.com/blogs/gloveharicut/2021-01-11-story-h1539265089-CIMB_GLOVEs_ASP_to_still_rise_in_Jan_and_Feb_21_TOPGLOV_TP_RM8_90.jsp

Posted by goreng_kaki > 2021-01-11 10:10 | Report Abuse

HARTA IS A SHAME

Posted by Wt6669 > 2021-01-11 10:57 | Report Abuse

buy a bit should follow mr market

Posted by STEADYBOMBIBI85 > 2021-01-11 12:35 | Report Abuse

Afternoon might go back up in anticipation of temco/mco announcement.

Posted by longranger > 2021-01-11 13:17 | Report Abuse

boss sbb

Posted by STEADYBOMBIBI85 > 2021-01-11 13:36 | Report Abuse

Announcement at 6pm

Posted by VolatileIsMyGold > 2021-01-11 14:00 | Report Abuse

okay also la

Posted by VolatileIsMyGold > 2021-01-11 14:00 | Report Abuse

Higher low, higher high

Indicator of uptrend

Posted by katsul51 > 2021-01-11 14:05 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/01/11/hartalega-chairman-buys-300000-shares-for-rm337m

Posted by limontea > 2021-01-11 14:13 | Report Abuse

Boss sudah mari :)

Posted by Icon8888 > 2021-01-11 14:16 | Report Abuse

Horay, no MCO.

Posted by Icon8888 > 2021-01-11 14:16 | Report Abuse

short all the way

Posted by noobinvestor98 > 2021-01-11 14:19 | Report Abuse

Icon8888, I think u don't understand why investors invest in this counter.
We invest in this company is because of its superb profit, regardless of MCO will be implemented or not.
So please do us a favor, STFU.

Posted by STEADYBOMBIBI85 > 2021-01-11 14:22 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/01/11/all-4-big-glove-stocks-offer-plenty-of-upside-kenanga