Posted by arthur8756 > 2020-12-14 10:07 | Report Abuse

Cut loss 4.85
Buy in 5.8
Close 5.5
Woke up and saw open at 5.1, no time to fcking sell at all
Won't touch this counter again

Posted by PanjiAlam55 > 2020-12-14 10:07 | Report Abuse

Limit down will 3.78

Posted by PanjiAlam55 > 2020-12-14 10:09 | Report Abuse

Semua telor sudah kecut today...

Posted by PanjiAlam55 > 2020-12-14 10:10 | Report Abuse

Contra player semua pucat lor... hahaha

Posted by PanjiAlam55 > 2020-12-14 10:10 | Report Abuse

Telor sudah hilang... hahaha

Posted by supersinginvestor > 2020-12-14 10:35 | Report Abuse

Aiyoyo

Posted by Passivereturn > 2020-12-14 10:38 | Report Abuse

falling knife and if break 4.80
next support 3.70, then 2.80, then 2.30

then rebounce back to 8.00 on february
then roller coaster between 5 and 11 for entire 2021.

IB makes money buying low first in mid 2020.
Now selling high + selling warrant to make double the profit.
Smart bastards.

Posted by Passivereturn > 2020-12-14 11:03 | Report Abuse

Remember end of Feb and May is the Quarter report announcement.

Posted by Kossan > 2020-12-14 12:48 | Report Abuse

Fresh from Maybank

Maybank Investment Bank (IB) Research analyst Lee Yen Ling said in a report today she expects all glove players to report stronger earnings for the fourth quarter of 2020 (4Q20) and 1Q21 on average selling price (ASP) hikes, which would be more than enough to offset raw material cost increases as well as a weaker US dollar against the ringgit.

She maintained her "buy" calls for Hartalega, Kossan and Top Glove, with respective target prices (TPs) of RM20.60, RM10.05 and RM8.65.

Posted by Kossan > 2020-12-14 12:54 | Report Abuse

Fresh from McKinsey

McKinsey has reinstated coverage of Top Glove Corp Bhd, with a Buy recommendation and a fair value of RM9.50 — as it sees the development of a new growth cycle for glove makers, in anticipation of a huge undersupply in the market, as glove demand accelerates in tandem with the rapid pace of testing for Covid-19.

Besides the world's largest rubber glove maker, it also initiated coverage of its closest peers Hartalega Holdings Bhd and Kossan Rubber Industries Bhd, also with Buy ratings.

It gave a fair value of RM26.50 for Hartalega, and a fair value of RM12.80 to Kossan.

Posted by Legend > 2020-12-14 13:18 | Report Abuse

Glove makers dominate list of top losers as vaccine roll-out begins

Posted by EngineeringProfit > 2020-12-14 13:18 | Report Abuse

That's why Calvin who had promoted Kossan so hard last week at 6.00++, had gone missing

Posted by Pgraduate123 > 2020-12-14 13:28 | Report Abuse

Today shy boy of glove family no longer hiding one corner but actively joined big boys action ya.... Good boy..

Posted by Algorithm_trading > 2020-12-14 15:33 | Report Abuse

let's become investor...for now. maybe later if luck turns on again, we can trade kossan out.

Posted by Kevin Tam > 2020-12-14 16:17 | Report Abuse

Those holding Kossan call warrant should sell half , Kossan keep dropping ...

Posted by Ryan83 > 2020-12-14 16:24 | Report Abuse

KUALA LUMPUR (Dec 14): Hartalega Holdings Bhd said it has completed the mandatory precautionary Covid-19 tests for all of its foreign workers, and has further expanded the tests to its local employees as well.

The rubber glove manufacturer said 35 workers tested positive for the virus, representing 0.4% of its total 8,772 employees, including local employees as well as outsourced vendors such as security personnel and canteen operators.

Of the 35 employees who tested positive, 20 are from the group's Bestari Jaya operations and the other 15 are from its Next Generation Integrated Glove Manufacturing Complex in Sepang. All of them were asymptomatic during the tests.

Hartalega said the tests were fully completed on Dec 10 and were conducted by an independent clinic certified by the Ministry of Health (MoH).

The affected employees are currently under medical care at a government healthcare facility as per MoH's directive, said Hartalega, adding that all primary contacts of these employees over the past 14 days have been identified and placed under quarantine, and will undergo subsequent tests before they are permitted to return to work.

Posted by kens88 > 2020-12-14 16:50 | Report Abuse

Better just limit down

Posted by Klse0314 > 2020-12-14 17:11 | Report Abuse

Price quoted by JP no longer trusted forever!!!

Posted by virust > 2020-12-14 17:32 | Report Abuse

if you don't know why this counter fly to sky one time ago so definitely you don't know why this counter fall like hell now. If you don't know when this counter fly never mind but we know now is falling to hell. Never join the dinner after the LAST call bell is ringing otherwise you need to stay behind and wash the dishes.

Posted by Taeyeon09 > 2020-12-14 17:51 | Report Abuse

Previous history already told us, tomorrow glove counter huge rebound

Posted by pvd_investor > 2020-12-14 17:52 | Report Abuse

Let us hope and that the rebound is maintained

Posted by investmalysia > 2020-12-14 17:57 | Report Abuse

JPM target 3.8. Other IB target around 9. Risk to reward okay wor now at 4.7.

Posted by investmalysia > 2020-12-14 17:57 | Report Abuse

Worst case RM3 La. RM1.7 only

Posted by jolow > 2020-12-14 19:23 | Report Abuse

tomorrow open gap down 20 sen

Posted by Kevin Tam > 2020-12-14 20:19 | Report Abuse

Wait 2 more weeks , maybe 2-3 research firms / investment banks will adjust target price ... Rm9-9.50 is kind of high ...

Posted by Kevin Tam > 2020-12-14 20:21 | Report Abuse

Tomorrow most probably will drop again coz Topglove just drop 7%.... not big quantum enough ... Harta factories got Covid 19 cases as well.. I like Kossan more than Topglove ..

Posted by bf70 > 2020-12-14 22:24 | Report Abuse

60sen dropped perday is too big drop to justify any buy. Thx

Posted by investmalysia > 2020-12-14 22:24 | Report Abuse

Aiya, how low TP they revise also more than RM5 la lol.

Posted by investmalysia > 2020-12-14 22:25 | Report Abuse

How low can it go? RM1??

Posted by linheng > 2020-12-15 07:50 | Report Abuse

EPF is buying Kossan but selling Top Glove. Don't understand their reasoning.

Posted by goldenluck16 > 2020-12-15 08:43 | Report Abuse

EPF keep on selling the glove counters and this really helps the IBs to short the top 4 counters everyday. The IBs save hundred of millions when paying out the maturing CWs. .It's no more based on FA but more of TA and manipulations by the IBs. Prices are not the real picture right now.

Posted by newkid > 2020-12-15 09:30 | Report Abuse

Start accumulating !!!!!!!

Posted by bf70 > 2020-12-15 09:50 | Report Abuse

:D just saw a pulse

Posted by TAShare > 2020-12-15 10:19 | Report Abuse

Let's not forget research houses staffs all are working for living (carimakan) and work like doing weather forecast.

That's why you see different analysis and TP

If they are 100% accurate, they are now "orang kaya", why need go to office and do research, etc?

Just waste no time and ignore them

..buy low sell high....

Posted by JN88 > 2020-12-15 10:20 | Report Abuse

Thank you who sell 4.60 for me...

Posted by lcs13579 > 2020-12-15 11:34 | Report Abuse

YES u r right TAShare.

Posted by gloveharicut > 2020-12-15 11:37 | Report Abuse

TA Securities also said in a recent report that despite encouraging vaccine developments, it reiterated its "overweight" stance on the rubber glove sector.

“We remain bullish as we believe supernormal earnings are here to stay in 2021 and 2022; vaccines will cause a surge in personal protective equipment (PPE) usage, and demand will outstrip supply over the next two years,” it said.

Its top picks are Hartalega (TP: RM25.97) and Kossan (TP: RM9.45), whose average selling prices (ASPs) would be raised more aggressively than peers as the latter play catch-up.

“Also, these companies are direct beneficiaries of increasing daily [new] Covid-19 cases and exceptionally high glove demand.

“2021 is a foregone conclusion — that profit will be exceptional and the same order backlog has flowed into 2022 with no indication of ASPs subsiding yet,” it said.

https://klse.i3investor.com/blogs/gloveharicut/2020-12-15-story-h1538220705-GLOVEs_recoup_some_losses_after_yesterday_s_selldown.jsp

Posted by MasterYoda > 2020-12-15 11:55 | Report Abuse

Guys don’t be stubborn,it will continue to go downhill.Cut loss before become bubur cha cha :) . “Train yourself to let go of everything you fear to lose.” — Yoda

Posted by WeLoveSarawak > 2020-12-15 12:26 | Report Abuse

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20201214.pdf

Total Net Short Position for 14/12/2020

Net Short Position. Top 5 shorted held by the big 4 glove stocks....

Posted by linheng > 2020-12-15 13:38 | Report Abuse

JP Morgon now start buying glove stock for their foreign clients. Come Jan 2021 they will triple the valuations. NOTE; THEY QUALIFY THEIR VALUATION - IF 2ND WAVE OF COVID

Posted by linheng > 2020-12-15 13:50 | Report Abuse

AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET

Posted by linheng > 2020-12-15 14:07 | Report Abuse

ON 30 OCT TG CLOSED AT $8.57 HARTALEGA CLOSED AT $17.95
JP MORGAN DID NOT SELL THEN. THEY SOLD IN NOVEMBER AND THEN DOWNGRADE

Posted by gloveharicut > 2020-12-15 14:48 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-12-15-story-h1538222351-Kossan_briefing_update_from_RHB_Research.jsp

Posted by paperplane > 2020-12-15 14:50 | Report Abuse

*ASP updates*
3Q20: USD31/k pcs (+40-42% QoQ)
4Q20E: USD50-60/k pcs (+77% QoQ) - ASP from management
1Q20E: USD80/k pcs (+33-60% QoQ) - ASP from management

Posted by Kossan > 2020-12-15 15:38 | Report Abuse

Fresh from RHB research

RHB Retail Research said Kossan Rubber Industries Bhd may rise higher after it breached above the RM4.80 threshold.

“Towards the upside, the immediate resistance is at the RM5.49 level, followed by the RM5.80 threshold,” it said.

Posted by Kossan > 2020-12-15 15:41 | Report Abuse

Fresh from CNN

Doctors: After initial concern,?

We still don't know the long-term efficacy of the vaccine. Will we need to be vaccinated again in the following year? Perhaps, but right now, we need whatever protection the vaccine can afford us to get on top of the pandemic. And even if the vaccines' effectiveness falls short of the current estimates, the new Covid-19 vaccines promise to be far more effective than most years' flu vaccines.

Posted by SunTzu1668 > 2020-12-15 17:18 | Report Abuse

Are vaccine counters a threat to glove counters?

https://www.theedgesingapore.com/news/covid-19/singapore-receive-pfizer-biontech-vaccine-end-month-vaccinations-be-free-singaporeans?utm_source=WeekdayEDM&utm_medium=email&utm_campaign=FREE

Posted by SunTzu1668 > 2020-12-15 17:34 | Report Abuse

Based on lowest price of the day on 4/12 and 7/12, EPF accumulated average on these 2 days is RM5.90 Is this a temporary jacking to run?

Posted by bsklshark > 2020-12-15 18:50 | Report Abuse

500+ almost 600 covid positive , most probably will shutdown a few factories like TG. Run

Posted by bsklshark > 2020-12-15 18:51 | Report Abuse

Left supermax no covid nia