Posted by pang72 > 2023-03-18 16:15 | Report Abuse

Some said the shortist covered back the short position so to push up the price. Maybe!

Posted by rchi > 2023-03-18 16:27 | Report Abuse

what we do know as a fact is tg has 272 mil in bank,rearing now is 0.04,asp is improving gradually,input costs such as latex n gas are falling,n some if not all ibs are raising targets,the rest is speculation,anyway it has always been calculated risk vs reward :)

Posted by rchi > 2023-03-18 16:27 | Report Abuse

gearing,not rearing.....*

Posted by rchi > 2023-03-18 16:34 | Report Abuse

3 pieces of good news this weekend...pboc cut reserve requirement ratio by 0.25%....UBS negotiating to buy credit suisse.....yellen promise to provide full liquidity to all usa banks....GOVT INTERVENTION FULL POWER ON

Posted by rchi > 2023-03-18 16:39 | Report Abuse

pang,the shortists know this is coming,must give thumbs up to them :)

Posted by rchi > 2023-03-18 16:42 | Report Abuse

damn,the one buying 5.2 mil at 91.5 at close ,up frm 88.5...this one most geng...wakaka

Posted by Income > 2023-03-18 18:48 | Report Abuse

Rchi,
I think that’s Pang72 buying buying 5.2 mil at 91.5 at close. Pang72 FOMO???

Posted by rchi > 1 hour ago | Report Abuse

damn,the one buying 5.2 mil at 91.5 at close ,up frm 88.5...this one most geng...wakaka

Posted by StingRay > 2023-03-18 18:59 | Report Abuse

that last minute buying could be IDSS covering their short position. they were happily shorting the counter in the morning thinking that bad result and this people will sell. hahaha.

Posted by StingRay > 2023-03-18 19:03 | Report Abuse

they waited for the counter to retract but instead it keep going up. so last minute no choice but to buy back quickly. wakaka.

Posted by StingRay > 2023-03-18 19:17 | Report Abuse

if my above view is correct, I wonder how those RSS able to close their position... assuming that the operator keep ramming it up. like AAX.

Posted by StingRay > 2023-03-18 19:18 | Report Abuse

anyway, this is not a buy or sell call. it is just that, sometime it is fun to see the short seller burnt. wakaka.

Posted by rchi > 2023-03-18 19:27 | Report Abuse

Stingray,friday's volume of 290 mil was easily the heaviest vol in the past one year,n this vol was done in the midst of great global financial uncertainty.The insiders know.

Posted by StingRay > 2023-03-18 19:34 | Report Abuse

rchi, I believe you should have detail data on this. I was just an audience laughing at the side. hahaha.

Posted by Income > 2023-03-19 10:28 | Report Abuse

Additional addiction TopG?

Posted by Long George > 2023-03-19 13:14 | Report Abuse

Make Gloves Great Again: Look Forward
Many are asking - why glove stocks are running after reporting huge losses. Simple, because stock market looks forward, not backwards, not even at the present. Usually, most take a 12-month view. Remember Mar-Apr 2020? Many stocks tumbled 50-70% as funds panicked and rushed to sell out holdings, especially tech stocks. On the other hand, retailers believed that although earnings outlook for stocks might be very bad for the next few quarters, but share price has fallen too much. They believed if they invest and hold their nose for 12 months, the outlook will eventually improve, and they could potentially make more than 100%. So they took the bold decision to start buying the stocks way before the stocks turn profitable. Sounds familiar? Let's examine if this is a déjà vu for gloves below:

ASP finally started rising - the one signal the whole market had been waiting for a long time, and now it's here. Harta raised ASP this Feb. Topg has followed suit, and will be raising again in April. Even Chinese players like Intco also said they will start raising in 2Q-3Q this year.

Customers' destocking will end in a few months' time (according to glovemakers), and inventory will go back to normalised level - so no more excess inventory. Once that happens, customers will have to start restocking again. One of the signs was, glove tenders from government and NGOs have stopped for 1.5 years, and recently, Topg saw the tenders coming back from UK, and rising enquiries from other countries. So, if we look forward, glovemakers' utilisation rate/volume could improve.

No more oversupply. All small glovemakers like Mah Sing, Salcon and many Chinese players have exited the market. Semperit also sold its glove business. Not to mention major players like Topg, Intco and Harta have all aborted expansion plans, and in fact, halted a big chunk of their existing capacities.

Costs will likely peak in 1H 2023, and could improve in 2H 2023, because natural gas prices (needed for production) will likely fall in coming months as oil prices have fallen almost 50% from last year's peak. Besides, the worst impact from electricity tariff hike will be effected in 1H 2023. Anwar said "we will only increase tariff for big companies that earn billions of profits". Are glovemakers making billions of profits now? Obviously not. So I believe electricity rates will not rise further for glovemakers in 2H 2023. So, if we look forward, costs could improve.

So how now brown cow? Yes, admittedly things are still not rosy yet right now, but if ASP climbs, volume picks up and cost improves later, doesn't that indicate the worst losses could be over by Mar or Jun 2023 quarter, and things could improve thereafter? So if we look forward and take a 12-month view, can we make more than 100% from gloves this time? I'm not sure, but pre-pandemic, Harta for instance was trading at RM5-7, now it's below RM2. Btw, TOPG, the leader of glove, has just seen MA200 breakout the first time after 2 years.

F China supply. Some may argue, China may spoil market, like steel last time. Consider this difference: more than 50% of steel supply comes from China, whereas only around 20% of glove supply comes from China while Malaysia has 60% market share. So who's the price determinant over the long term? Don't forget, some of their supplies need to go to their own domestic consumption. More importantly, consider ESG - Europe wants to phase out CPO due to ESG issues, and US banned Topg previously due to foreign worker treatment (but lifted it after Topg improved their treatment and resolved it). So what makes u think that these countries would wanna buy from China, which uses environment-killing coal? Not to mention the US-China trade tension now. Why would they prefer Chinese gloves, if glove purchases constitute such a tiny % of hospitals' expenditure? FYI, Europe and US buy 55-60% of gloves produced globally.

To both groups who have bought and have not bought - good luck.

Let's look forward.

Posted by ShadowSlaYer > 2023-03-19 13:35 | Report Abuse

Wahh price to book really super low already + improving prospects... No wonder recently see foreign brokers like Nomura, UOB and CGS also upgraded gloves. Feels like limited downside and good timing to reenter

Posted by rchi > 2023-03-19 14:39 | Report Abuse

Long George,appreciate your detailed analysis.MKt action,prices n trends always tell a story far ahead before the fundamentals can catch up.Insiders know.Good luck to you too.

Posted by valueinvestor33 > 2023-03-19 17:08 | Report Abuse

Too early to say as it is still hasn’t broken the 0.95 and 1.05 range. Bottom formed around 0.60 to 0.70 level but not here around 0.90

Posted by valueinvestor33 > 2023-03-19 17:11 | Report Abuse

Be mindful of the risk and return ratio. Upside is still uncertain while chances of coming down again is also very likely.

Posted by Income > 2023-03-19 19:53 | Report Abuse

Speculating addiction?

Posted by def147258 > 2023-03-19 20:13 | Report Abuse

Share a good teacher, when I met Glove Stock, it was the teacher who helped me to solve it and helped my stock market slowly recover losses. I hope that retail investors can unite. What good news can be shared together and spent the difficulties together!

Posted by Michael Kwok > 2023-03-19 21:43 | Report Abuse

Always sell on strength.price 91-95 cents.
Resistance 74 cents break.
Manage to get near 80 cents.
But i sell 90 cents range already.if manage to know more by others,can sell higher.
19/3/2023 9.44 pm.

Posted by riko > 2023-03-19 22:15 | Report Abuse

every time glove counter huge jump for 1 or 2 days , all IB out to dampen the prospect ...
i guess they short kuat ... if tomorrow go up again ... haha ... IB panic

Posted by riko > 2023-03-19 22:20 | Report Abuse

The four IB gave 53-62c after closing hour on friday while the TG closing is at 0.915.
let's hope IB push down opening tomorrow ... i want to see those IB become SVB

Posted by Winningpost > 2023-03-19 22:45 | Report Abuse

Looks like Glove stocks are back after more than 2 years of decline since end 2020 .
Also Airline stock Capital A /AAX after 5 years

Posted by nicholas99 > 2023-03-20 09:37 | Report Abuse

health care..

Posted by nicholas99 > 2023-03-20 09:39 | Report Abuse

daily chart is looking good.

Posted by nicholas99 > 2023-03-20 09:39 | Report Abuse

except 1 minute chart. 5 minute is looking good.

Posted by superbullklse > 2023-03-20 10:07 | Report Abuse

大家怎么看？

https://klse.i3investor.com/web/blog/detail/superbullklse/2023-03-20-story-h-275979576

Posted by nicholas99 > 2023-03-20 11:20 | Report Abuse

coming coming.

Posted by nicholas99 > 2023-03-20 11:25 | Report Abuse

afternoon break 965.. trend ensues.

Posted by nicholas99 > 2023-03-20 11:31 | Report Abuse

mari liao.

Posted by riko > 2023-03-20 12:10 | Report Abuse

IB failed to goreng down ... mati loh

Posted by BuildBackBossku > 2023-03-20 12:23 | Report Abuse

Seems like shorties are covering their short position. Wait for it to move back up to RM1 again

Posted by titan3322 > 2023-03-20 12:26 | Report Abuse

Sape sudah jual 92 sen banyak huat lor will go back to 82 sen surely

Posted by riko > 2023-03-20 12:40 | Report Abuse

IB need another plan , either cover their short position after 2.30pm OR ... give another new low TP for TopGlove by making new panic (for themselves..haha)

As you can see , IB only give TP for TopGlove , assuming TopGlove drop , all others will follow suit

Posted by Income > 2023-03-20 14:11 | Report Abuse

Addicted to Too???

Posted by nicholas99 > 2023-03-20 14:30 | Report Abuse

lai liao..

Posted by mf > 2023-03-20 14:37 | Report Abuse

US 30 31,613.0 -249.0 -0.78%
US 500 3,896.7 -19.9 -0.51%

Posted by Income > 2023-03-20 14:50 | Report Abuse

Addicted to Top???
***Typo

Posted by fakemyname > 2023-03-20 15:13 | Report Abuse

a little bit more to my esos price....... Keep up the good work guys!

Posted by pang72 > 2023-03-20 16:08 | Report Abuse

TG is not worth for bet

Posted by pang72 > 2023-03-20 16:09 | Report Abuse

The bad news always more than good news.
How to sleep well, eat well,?

Posted by jaywalker > 2023-03-20 16:21 | Report Abuse

eat roti kosong la everyday la, can add one teh ais too

Posted by Income > 2023-03-20 17:45 | Report Abuse

Pang72, are you falling in love with girls??? Can’t sleep and eat well???

Posted by pang72 > 1 hour ago | Report Abuse

The bad news always more than good news.
How to sleep well, eat well,?

Posted by Income > 2023-03-20 17:47 | Report Abuse

Can still enjoy Roti Canai Telur Tissue satu. Why so stingy with yourself by eating Roti Kosong???
YOLO!!!

Posted by Income > 2023-03-20 18:20 | Report Abuse

Bear market…
https://www.facebook.com/reel/744506753940440?mibextid=0NULKw&fs=e&s=TIeQ9V

Posted by pang72 > 2023-03-20 18:37 | Report Abuse

Income,
I can sleep well and eat well if falling live in girl but not buying TG

Posted by Income > 2023-03-20 18:51 | Report Abuse

Pang72,
I also scare to buy TopG… negative income TG.
Up sikit ASP … TG not yet safe to buy. TG still in Bursa Jail.

Posted by NatsukoMishima > 2023-03-20 19:34 | Report Abuse

@Winningpost

388 posts

Posted by Winningpost > 20 hours ago | Report Abuse

Looks like Glove stocks are back after more than 2 years of decline since end 2020 .
Also Airline stock Capital A /AAX after 5 years


__________
PN17 company u all gambler dare to touch really salute all , u voluntarily to be cut vege soon and pawn your yellowish underwear !