Posted by The thinker > 2021-02-24 14:59 | Report Abuse

short sellers really have the power...sad but true...scary. glove should privatise

Posted by Hui_k_c > 2021-02-24 15:02 | Report Abuse

Thanks Sifu Mabel for the explanation, i will not sell the glove stock and wail for the day to come. I started collecting Tech stock last month advise by Sifu here.

Posted by Plantermen > 2021-02-24 15:07 | Report Abuse

Glove manufacturer's business are sustainable { next 1 - 2 years} but narket perception has changed from darling stocks to over valuations or
non performing after the spectre of glove mania. Expectations has dropped from top achievers to heap of copy cats coming from non established manufacturer brands. Big producers are viable but the latecomers may faced a dilemma of squeeze margins and lower average selling price going forward. Just my personal 2 sen view

Posted by Plantermen > 2021-02-24 15:07 | Report Abuse

Glove manufacturer's business are sustainable { next 1 - 2 years} but narket perception has changed from darling stocks to over valuations or
non performing after the spectre of glove mania. Expectations has dropped from top achievers to heap of copy cats coming from non established manufacturer brands. Big producers are viable but the latecomers may faced a dilemma of squeeze margins and lower average selling price going forward. Just my personal 2 sen view

Posted by ChaseBros > 2021-02-24 15:15 | Report Abuse

<<The thinker>> RSS is max 4%. What kind of power shorties have? Why don't you explain how can they do that? and how can it go PN17?

Of course the market maker and sentiment are at play now. That is when investor buy into a good fundamental stock that is greatly undervalued. How do you think Warren Buffet invest?

Anyway, it is clear that you have bigger mouth than brain. So much being a thinker.

Posted by fortunefire > 2021-02-24 16:15 | Report Abuse

according to guru-guru, hartalega is the strongest among glove counters.... based on the technical analysis from guru-guru, hartalega worth holding it....

Posted by sheldon > 2021-02-24 17:09 | Report Abuse

I've been catching a falling knife but with 2.68m short shares that requires squaring, I think I'm ok.

Posted by highlander33 > 2021-02-24 18:48 | Report Abuse

#Mabel, thank you for the very detailed and meaningful sharing. Certainly holding on to the value stock.

Posted by Mabel > 2021-02-24 19:16 | Report Abuse

Welcome highland33

Isn't short selling banned until august this year?

Bursa and SC where are you? Why are you not doing your job?

Everyone should starts filing complaints to Bursa and SC.. Why are they still entertaining these pests..

Lastly, Today our PM took the 1st vaccine. Two of the nurses who administer the jab wear our TG gloves.

With or without vaccine Gloves will still prevail

Meow Meow Meow Meow

Posted by ikenduit > 2021-02-24 20:25 | Report Abuse

https://www.straitstimes.com/business/companies-markets/hkex-shares-plunge-most-since-2015-after-deleted-stamp-duty-report

Posted by Bullrunrun > 2021-02-24 22:23 | Report Abuse

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E7%96%AB%E8%8B%97%E6%8E%A5%E7%A7%8D%E5%A6%82%E7%81%AB%E5%A6%82%E8%8D%BC-%E6%89%8B%E5%A5%97%E8%82%A1%E6%8C%AB%E8%B7%8C%E5%90%8E%E6%98%BE%E9%9C%B2%E4%BB%B7%E5%80%BC

Posted by Pgraduate123 > 2021-02-24 23:41 | Report Abuse

JPM..... Oh wow..

Posted by GoldenHarvest1 > 2021-02-25 02:54 | Report Abuse

Government to continue assisting glove industry

https://www.bernama.com/en/business/news.php?id=1934266

Posted by GoldenHarvest1 > 2021-02-25 03:04 | Report Abuse

Oh yes

Posted by GoldenHarvest1 > 2021-02-25 03:04 | Report Abuse

That's very good to hear

Posted by GoldenHarvest1 > 2021-02-25 03:04 | Report Abuse

covid-19 vaccines do not remove need for gloves & other PPE

https://www.theedgemarkets.com/article/covid19-vaccines-do-not-remove-need-wear-masks-gloves-keep-distance-%E2%80%94-chief-physician

Posted by MalaysiaStock > 2021-02-25 09:01 | Report Abuse

who is holding gloves still......hahahahahahaha. Got vaccine, hold glove stocks.... crazy investors.

Posted by sheldon > 2021-02-25 09:16 | Report Abuse

Mabel - I understand that Bursa/SC lifted short-selling on the first trading day of 2021 hence Harta got whacked by shorters.

Posted by oskchoon > 2021-02-25 09:48 | Report Abuse

Company Today $. Year High. Down%
AT. RM 0.14. RM 0.30 . 54 %
Rubberex RM 1.28. RM 3.05. 58 %
Careplus. RM 1.85. RM 5.83. 68 %
Comfort. RM 2.21. RM 7.28. 69 %
Kossan. RM 3.81. RM 9.75. 61 %
Supermax RM 5.04 RM 11.90. 57 %
Top Glove RM 5.23. RM 9.77. 46 %
Hartalega RM11.40. RM 21.20. 51 %

Posted by Iewis888 > 2021-02-25 09:49 | Report Abuse

Harta is 10.40

Posted by gloveharicut > 2021-02-25 10:27 | Report Abuse

How low are GLOVEs compared with bullish analysts’ target prices?
https://klse.i3investor.com/blogs/gloveharicut/2021-02-25-story-h1541260249-How_low_are_GLOVEs_compared_with_bullish_analysts_target_prices.jsp

Posted by fortunefire > 2021-02-25 10:36 | Report Abuse

Think i will start buying when it reaches 8.0+

Posted by oskchoon > 2021-02-25 11:13 | Report Abuse

It has been attacked by the syndicate short sellers and it will continue to push down the share prices unless Bursa stop the RSS now temporarily until August 2021..

Posted by titan3322 > 2021-02-25 11:15 | Report Abuse

Gone keep on bleeding

Posted by Mabel > 2021-02-25 11:20 | Report Abuse

Isn't short selling banned until august this year?

Bursa and SC where are you? Why are you not doing your job?

Everyone should starts filing complaints to Bursa and SC.

Posted by Snowpiercer > 2021-02-25 11:24 | Report Abuse

I think the pandemic has made many to realize that glove manufacturing is such a low tech....low value....low barrier to entry which warrant extremely low PE.....unless the companies can sustain high dividend yield which is not likely to .....not to mention that almost all of the them pay nothing

Posted by ashzzz96 > 2021-02-25 12:03 | Report Abuse

stay strong my friends....

Posted by Can_Laugh_At_Glove_N > 2021-02-25 12:05 | Report Abuse

Karma loh deserve to die

Posted by paktua73 > 2021-02-25 12:24 | Report Abuse

hi mabel..mybe you abit miss understood..
regarding RSs n IDSs..

this is the explanation
==================
gnath_77 @looks like you didn't read in details :) only IDSS is banned... RSS is not....

IDSS - Intra-Day Short Selling
RSS - Restricted Short Selling
===================

Mabel Isn't short selling banned until august this year?

Bursa and SC where are you? Why are you not doing your job?

Everyone should starts filing complaints to Bursa and SC.
25/02/2021 11:20 AM

===============!!!!!



tut tut
dengar sama namun bukan sama
hehe

Posted by amateurJR > 2021-02-25 12:26 | Report Abuse

This mabel alot of things also dunno wan. The act like sifu there. Meow Meow Meow

Posted by amateurJR > 2021-02-25 12:27 | Report Abuse

GoldenHarvest always pray for Covid 19 to get worsen. One day karma will hit him hard.

Posted by paktua73 > 2021-02-25 12:38 | Report Abuse

here how RSS means..

Regulated Short Selling (RSS)

Stock Market Guides
Bursa Malaysia, Regulated Short Selling (RSS)

Bursa
Basically, short selling means that investors sell a share without first having it. Short selling is a technique used by investors to profit from the falling price of an overpriced market.

In Bursa Malaysia, short selling is regulated under Regulated Short Selling (RSS) and Securities Borrowing and Lending (SBL) guidelines, which introduced to the market on 3rd January 2007. Prior to 2006, short selling was banned for about 8 years.

RSS means that investors sell a share without first having it, but they have to borrow it from the Central Lending Agency (CLA). CLA is an agency managed by Bursa Clearing where all lending and borrowing are taking place. Investors don’t deal directly with the CLA, but they have to go through the approved Participating Organisation (PO) or investment bank.

For those who have excess shares, you may lend it to the CLA and earn some fees.

1. How to participate in RSS?


Investor who wishes to participate in RSS must open a designated RSS trading account with a PO. All short selling transactions are to be executed through a RSS Account.

Prior to executing RSS, investors must first borrow the stocks from the CLA through the approved PO. Investors have to pay a fee and placing sufficient collaterals for borrowing.

Upon successfully borrowed the required stock, RSS will be executed by dealers at PO after receiving instruction from the investors. The order price must be higher than the last traded price of the relevant stocks. This is known as the ‘up-tick rule‘.

2. Which stocks are approved for RSS

Currently, there are 100 stocks are approved by Bursa Malaysia for RSS. Please refer to table 1 below.

The stocks were approved based on the following criteria,

average daily market capitalisation must exceed RM500 million for the preceding 3 months
at least 50 million shares in public float
average monthly traded volume must exceed 1 million units for the preceding 12 calendar months
List of approved stocks for RSS is updated every 6 months.

3. Suspension of RSS

Total short position of an approved stocks is limited to 10% of the total number of the shares. When the limit reach, RSS activities on that stocks will be suspended for 4 market days.




tut tut
short explain

Posted by nokchin > 2021-02-25 14:23 | Report Abuse

Gamestop 2.0 is happening in USA Wall Street yesterday.
So let us do the same short-squeeze to Glove counters, again.

Posted by Silentreader88 > 2021-02-25 15:15 | Report Abuse

RM2 million ringgit in at 10.10 just now, and stochastic for all gloves are really in severe state. Lets in, follow MM

Posted by Mabel > 2021-02-25 16:50 | Report Abuse

Noted and thanks Paktua

I missed the RSS part.. Now Mabel understand..

Meow

Posted by alphajack > 2021-02-25 19:29 | Report Abuse

This is a RM8 stock tq

Posted by sheldon > 2021-02-26 10:45 | Report Abuse

TQVM Paktua73 on the RSS guidelines

Posted by titan3322 > 2021-02-26 14:46 | Report Abuse

Below 10 on the way

Posted by goreng_kaki > 2021-02-26 15:35 | Report Abuse

关进安一天不被问候家人不爽。。。
废物老不死

Posted by fortunefire > 2021-02-26 16:17 | Report Abuse

broken 10.... tp 8++ then good buy

Posted by TalkC > 2021-02-26 16:19 | Report Abuse

really will drop to RM 8.5 by JP morgan?

Posted by nuilam hali > 2021-02-26 17:10 | Report Abuse

Listen what jp Morgan say haha.they ask you to you buy, they predict something you listen to them. As though jp Morgan is your god

Posted by Kevin Tam > 2021-02-27 13:55 | Report Abuse

It looks like not only Kenanga always giving inaccurate target prices for many counters since 2 years ago ; larger n more reputable research houses like Cimb n HL research also like to give high target prices than last time , from the past 5 months experience of being influenced by local research houses, it really looks like foreign research houses r far more accurate in giving target prices to top 4 glove counters.... :)

Posted by Kevin Tam > 2021-02-27 13:58 | Report Abuse

Those research houses upgraded n lifted target prices of top 4 glove counters every week during last Aug to last Dec should be one of the main factors that glove counters gone up the super high price level during Sep to Nov of 2020..

Posted by signn > 2021-02-27 14:03 | Report Abuse

top glove n supermax wanna cabut dy. i guess only left harta n kossan in klci index later

Posted by Hazzyy > 2021-02-27 14:40 | Report Abuse

Don’t always use karma to preach someone to suffer. Pray for others to gain light and wisdom and not one to see someone get punished .one never gain by seeing sufferings .

Posted by Kevin Tam > 2021-02-27 16:00 | Report Abuse

Agree with snowpiercer that glove industry has low barrier of entry n even though Harta considered as most innovative among glove counters, don’t deserve to use PE of 33-40 to calculate target prices ( pre pandemic period ); besides excessive of production in 2022 after expansion , prices of latex n petroleum by products for nitrile gloves will go up gradually as well ...

Posted by katsul51 > 2021-02-27 18:17 | Report Abuse

Well said Hazzyy.

Posted by katsul51 > 2021-02-27 21:43 | Report Abuse

https://ourworldindata.org/covid-vaccinations

Long way to go to archive Herd Immunity

Posted by beso > 2021-02-28 21:03 | Report Abuse

vaccination does not require to wear glove.
https://www.cdc.gov/vaccines/hcp/acip-recs/general-recs/administration.html