Posted by casanwk > 2020-12-24 11:37 | Report Abuse

Prices continue display weakness in 5 minutes
& 15 minutes (chart)
Nearest support 5

Posted by speakup > 2020-12-24 14:35 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/12/24/selling-on-kossan-rubber-shares-overdone

Posted by speakup > 2020-12-24 14:35 | Report Abuse

SAI LANG!

Posted by casanwk > 2020-12-24 15:39 | Report Abuse

Next support 491

Posted by VivoPrince > 2020-12-24 16:35 | Report Abuse

https://focusmalaysia.my/opinion/the-friends-and-foes-of-the-glove-sector-an-editors-confession/

Posted by casanwk > 2020-12-24 16:43 | Report Abuse

Maybe Monday gapup!

Posted by Gaussian > 2020-12-24 17:42 | Report Abuse

EPF sold kossan. Stupid IB.

Posted by 5c0160 > 2020-12-24 20:10 | Report Abuse

Next wk 4.50 soon.

Posted by speakup > 2020-12-24 20:33 | Report Abuse

https://focusmalaysia.my/mainstream/covid-19-msia-breaches-100k-threshold-four-new-clusters/

YESSS!!!!!!!!!!!!! INI KALILAHHHHHHHH!!!!!!!!!!!
next target.... 1MILLION!

Posted by gancel > 2020-12-24 20:52 | Report Abuse

epf is selling. Wait to buy at cheaper price

Posted by STEADYBOMBIBI85 > 2020-12-24 21:07 | Report Abuse

Hello is it safe to enter now?

Posted by casanwk > 2020-12-24 22:41 | Report Abuse

Might like to wait for declining resistance trendline been broken- 2 hr chart
This where epf is selling at the edge.

Posted by kens88 > 2020-12-25 10:08 | Report Abuse

wait rm 4.5 only safe

Posted by newbie911 > 2020-12-25 10:48 | Report Abuse

Each time new strain, pfizer n Moderna need modify their mrna vaccine... Mean dont knw hw many time need inject with more and more mutated strain.

Posted by Lanmum > 2020-12-25 10:59 | Report Abuse

Hope go down much more bcos I enter at relatively quite high price. Need to average down more.

kens88 wait rm 4.5 only safe
25/12/2020 10:08 AM

Posted by stockraider > 2020-12-25 12:23 | Report Abuse

GLOVES BULLISH STORY FADING REPLACE BY COMING STRONG PALMOIL PLANTATION STORY LOH....!!

Despite the strong cpo prices, the things pressing it down is the cpo tax implementation, it was already confirmed at 8% now loh..!!

Now with this news already out & behind us, we look at the cpo future & it ranges from jan to august Rm 3800 to Rm 3000, all above the super profitable benchmark price of Rm 3,000 over 8 months.

Thus if u have invested in palmoil stock , you can expert super profit for at least 8 months loh...!!

In addition u need to know, if cpo prices above rm 2,600 u already substantial good margin and profit as most of plantations cpo cost is around rm 1,600 per ton mah...!!

Thus 2021 will be a very good year for palm oil plantation mah...!!

Market is still sceptic about palmoil...it will turn positive optimistic very soon loh...!!

Go in early, do not be late like Johnny come lately mah..!!

CPO price is going up everyday very steadily loh...!!

No need to kenchong loh...!!

Just stay focus, meditate and with this positive forces will further propel the plantation share price up up n away mah....!!

Just have confidence to hold lah....!!

Posted by DreamKaiser > 2020-12-25 12:41 | Report Abuse

Selling on Kossan overdone

https://www.klsescreener.com/v2/news/view/770169/selling-on-kossan-rubber-shares-overdone

Posted by joyvest > 2020-12-25 21:19 | Report Abuse

Based on the above, kossan is undervalued.buy call.

Posted by 5c0160 > 2020-12-26 10:20 | Report Abuse

at the moment game over downtrend to 4.50

Posted by Lanmum > 2020-12-26 19:11 | Report Abuse

Oh my goodness, I'm trapped here

Posted by stockraider > 2020-12-27 13:27 | Report Abuse

THIS IS THE SECRET OF INVESTMENT LOH...!!

EVERY YEAR THERE IS ONE OR TWO THEMATIC BULL THEME AND MANY AS HIGH AS 50% SPECIFIC UNIQUE SPECIFIC STOCK RALLY OF ABOVE 50% MINIMUM GAIN loh..!!

IF WE CAN CATCH IT EARLY & RIDE THE BULL TO ITS PEAK WE WILL DO EXCEEDINGLY WELL WE WILL BE ABLE TO OUTPERFORM IN A FEW SHORT BULL RUNS AND PERHAPS RETIRE EARLY LIKE PETER LYNCH LOH!


OF COURSE LIKE WARREN BUFFET MAKING MONEY FROM STOCK MARKET AS A MOTIVE IS LONG OVER IT IS THE JOY, THE ADVENTURE & THE CONSTANT INTELLECTUAL CHALLENGE IN THE ART OF INVESTMENTS THAT CAUSED HIM TO SAY
"TAP DANCING TO WORK"


NOW MY HUMBLE OPINION FOR INDIVIDUAL STOCK PICK THIS
YEAR 2021 WILL BE INSAS "THE COMING SUPER INDIVIDUAL STOCK BULL RUN"
WHY INSAS WILL GO INTO A BULL RUN FOR YEAR 2021?

ANSWER:
BECAUSE INSAS SHARE PRICES NOW REACHING SUPER EXPLOSIVE INFLEXION POINT WITH THE POTENTIAL EXPLOSIVE OUTBURST TO ITS ALL TIME HIGH DUE TO POTENTIAL AMPLIFY PROFITS TREND INSAS GOING TO ACHIEVED DUE TO ROBUST STOCK MARKET , INVESTMENT GAIN & THE STRONG SHOWING OF technology INARI LOH!
AND IF PROFITS KEEP INCREASING IT IS ONLY A MATTER OF TIME OF INCREASE WILL INCREASE DIVIDENDS OR REWARD WITH BONUS ISSUES.
SO INSAS SHARES MUST GO UP HIGH AS THIS IS THE LAW!

TECHNOLOGY STOCKS, GLOVES STOCKS, FINANCE STOCKS ARE GETTING MORE VALUABLE IN WHICH INSAS HAVE EXPOSURE TO ALL OF THEM LIKE TECHNOLOGY THRU INARI & OMESTI, GLOVES THRU DGSB AND FINANCE THRU INSAS CREDIT & LEASING, M&A STOCKBROKING & ADVISORY AND SHARE INVESTMENT THRU INSAS HOLDING & SUBSIDIARIES ALL THESE EXPOSURES WILL REAPED IN SUPER PROFIT FOR 2021 MAH!
FOR YOUR INFORMATION INSAS ALREADY RECORD SUPER PROFIT FOR THE 1ST QTR 30 SEPT 2020 RECORD PROFITS OF RM 65M, EVEN THE WHOLE MSIA ECONOMY REGISTERED NEGATIVE GDP GROWTH LOH INSAS amazingly gain loh!!
LOOKING AT THE TREND OF INCREASING PROFIT FOR INSAS, ITS SHARE PRICE WILL EVENTUALLY SHOOT UP IN TANDEM LOH!

AGAIN WHEN ALL THE WORLD MARKETS ARE STARTING TO RECOVER FROM YR 2020 COVID19 SETBACK, U WILL SEE MAJOR RALLYS DUE TO RERATING OF STOCKS AND SUPER LOW INTEREST RATES enviroment THAT wii SPURS EQUITY PURCHASE MAH!

INSAS BEING SUPER UNDERVALUE WITH NAV OF RM 4.80 AND PE 8X WILL BE THE MAJOR PRIME BENEFICIARY here mah!

U r actually seeing emerging sign of INSAS share at 88 sen starting to run up like the early SUPERMAX & TOPGLOVES Gloves run in March to April Rally, the sign of coming bull which are very subtle with explosive upside b4 it explosively burst out with gains of few hundred % at the later stage mah...!!

U need to join the Insas stock early, as this is a safest fruit pickings when there are still abundance in supply now loh...!!

ALWAYS REMEMBER TO BUY INSAS 88 sen EARLY BEFORE TOO LATE MAH...!!

Posted by stockraider > 2020-12-27 16:42 | Report Abuse

Sohai loh...gloves capacity is increasing everywhere mah...!!

Msia, China, Indonesia, Vietnam & Thailand loh...!!

Even non traditional high cost country like Germany, Usa, Japan, Korea are increasing capacity too loh...!!

This is bcos Gloves is a simple product, easily to produce n no record science mah...!!

U look at Gloves sister the face mask which are more widely use than gloves, but its selling plunge from Rm 2.00 to only 30 sen a piece worldwide loh!!

What happen?? The worldwide huge usage of facemask did not help bcos of over production n over capacity loh...!!

The same fate will going to happen to gloves too mah...!!

Just be very careful mah...!!

Posted by stockraider > 2020-12-27 16:46 |

Post removed.Why?

Posted by Keyman188 > 2020-12-27 21:51 | Report Abuse

Global glove importers rethink relationship with Malaysian manufacturer

(December 27, 2020 7:30 AM)

PETALING JAYA: Two key global glove importers are re-evaluating their relationship with a Malaysian glove manufacturer after government raids uncovered abysmal foreign worker accommodations at two of its subsidiaries.

Kimberly-Clark, the American personal care giant behind household brands such as Kleenex, Scott and Huggies, told FMT it was “evaluating the matter” when asked whether it would continue to source from the company.

Meanwhile, Ansell, an Australian safety and personal protection firm which supplies the UK’s National Health Service, said it was planning to meet the company’s managing director “as quickly as possible” to decide on the consequences of this “unacceptable situation”.

A multi-agency operation at one of the factories on Monday found 781 workers living behind the building in two blocks of shipping containers stacked three storeys high. A separate raid on its sister company on Thursday found workers crammed into two warehouses at either end of a pathway filled with mountains of garbage and factory waste.

“We were shocked to see such living conditions (in the first factory), which are absolutely unacceptable,” said an Ansell spokesperson.

“Based on the photos and video included in the media reports, it is evident that the living conditions provided for some workers at the site are unacceptable and are a violation of Ansell’s ethical labour standards, human rights statement and supplier code of conduct.”

The company also said it was in contact with other suppliers to determine alternatives and ensure it continued to meet the increased global demand for personal protective equipment during the Covid-19 pandemic.

Insisting it was “absolutely not” aware of the living conditions at the first factory, Ansell said a third party audit ordered by the company in May 2019 did not reveal the foreign workers’ dismal living conditions.

“We are investigating why,” it said.

Kimberly-Clark’s spokesperson, meanwhile, said it was concerned by the recent reports and was committed to ensuring that its employees around the world – including those of its suppliers – were treated with respect, with workplace and human rights standards met at all times.

“Through our processes to hold suppliers to high standards of safety, quality and compliance, we have identified some improvement opportunities and will continue to work with (the company) as we would with any supplier to enable meaningful improvements.

“Importantly, we also know that through continued engagement, there is a greater chance of affecting positive outcomes in this regard.”

This is not the first time either of the companies have had to take a closer look at the Malaysian glove manufacturers which they source from.

Ansell – which supplies to hospitals, care homes, local authorities and the private sector – also sources from Top Glove, the world’s largest glove manufacturer.

In 2018, Ansell was forced to investigate allegations that Top Glove was exploiting workers after an ABC News investigation revealed issues such as excessive overtime and costly recruitment fees among its foreign workers.

It is understood that Ansell still sources gloves from Top Glove.


US import ban

In July, two of Top Glove’s subsidiaries were placed on a list of restricted imports into the US by the US Customs and Border Protection (CBP) due to alleged forced labour issues.

This came after another Malaysian glove maker, WRP Asia Pacific, was slapped with the same withhold release order on its exports to the US in September 2019 after charges that its gloves were produced with forced labour.

The ban was lifted in March based on information obtained by the CBP showing that the company was no longer producing its rubber gloves under forced labour conditions.

For both Top Glove and WRP, the issue at hand was the exorbitant recruitment fees its foreign workers had to pay to secure jobs at the companies – pushing them into debt bondage, one of the 11 indicators of forced labour according to the International Labour Organization (ILO).

Among the other indicators were poor living conditions, placing the glove company supplying Kimberly-Clark and Ansell at risk of seeing their imports to several US companies being put on hold.

While a CBP representative was unable to disclose whether it was investigating specific entities, he told FMT that the CBP would continue to investigate credible allegations of forced labour in US supply chains and would prevent goods made by forced labour from entering US commerce.

“There are reputational, financial and legal risks associated with importing goods made by forced labour into the US,” said the CBP spokesperson.

“US importers have a responsibility to exercise reasonable care and to ensure that their supply chains are free of forced labour. CBP will not tolerate forced labour in US supply chains.”

Posted by Keyman188 > 2020-12-27 21:51 | Report Abuse

## https://www.freemalaysiatoday.com/category/nation/2020/12/27/global-glove-importers-rethink-relationship-with-malaysian-manufacturer/

Posted by Kossan > 2020-12-28 00:46 | Report Abuse

Fresh from the Edge

Insas failed to raise up to RM133m via renounceable rights issue to repay loans

Posted by kens88 > 2020-12-28 12:59 | Report Abuse

Straight away say support rm4

Posted by 5c0160 > 2020-12-28 14:09 | Report Abuse

Totally game over. although TP 7 but all writer are gun man hired by boss. Faster run 3.70 soon

Posted by supersinginvestor > 2020-12-28 15:05 | Report Abuse

Aiyoyo

Posted by gloveharicut > 2020-12-28 15:11 | Report Abuse

https://klse.i3investor.com/blogs/stock_pick_2021/2020-12-25-story-h1538374211-Stock_Pick_Contest_Year_2021_How_it_works_PLEASE_READ_THIS_POST_SUBMIT_.jsp kawan kawan please submit your stock pick with GLOVEs to show the world the power of GLOVEs

Posted by 5c0160 > 2020-12-28 17:05 | Report Abuse

Totally game overto holland. LOL.

Posted by SHQuah > 2020-12-28 17:22 | Report Abuse

Sell all your Gloves stocks and buy Public bank fast. Bonus 4 for 1.

Posted by sharewiz118 > 2020-12-28 23:35 | Report Abuse

This rubber is melting away, look for alternative counter's as the risk has become evidence

Posted by sharewiz118 > 2020-12-28 23:39 | Report Abuse

EPF has dump their share like shit, it's time to shift to alternative stock

Posted by anti_gambler > 2020-12-29 10:25 | Report Abuse

EPF dump gloves buy what share?

Posted by Consultant > 2020-12-29 11:41 | Report Abuse

This share will keep dropping below 4.. no point enter now.. EPF will spend money on other investment.. there are many types of investment..

Posted by gloveharicut > 2020-12-29 11:46 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-12-29-story-h1538432000-TOPGLOV_confident_of_robust_demand_over_next_two_years.jsp

Posted by stockraider > 2020-12-29 11:49 | Report Abuse

Actually The shortage of Glove fallacies lah....!!

U ask yourself this very Important Qustion lah...!!

If really there is a big shortage in Gloves, why Usa being the worse covid19 hit nation, dare to impose import ban on Topgloves leh ??

That means no risk of not getting gloves supply for USA loh!

Posted by MoneyMan1688 > Dec 29, 2020 11:43 AM | Report Abuse

Acute shortage of gloves in US, reported by NPR : National Public Radio on 23 Nov 2020.

A combination of long-standing budget shortfalls, lack of domestic manufacturing, snags in the global supply chain and overwhelming demand has meant that the stockpile is short of the gloves, masks and other supplies needed to weather this winter's surge in COVID-19 cases

- Lack of budget, the reasons for ban on M'sia gloves ?


For example, the nitrile glove, the industry standard for protection, is made of synthetic rubber and sourced almost exclusively from Asia, which has led to a global shortage. That's reflected in the stockpile. According to HHS (Department of Health and Human Services), the stockpile contains 22 million pairs overall, including nitrile gloves — only a fraction of the 4.5 billion it wants to have.

- How big is the shortage gap ? Will this spell great demand for gloves after the ban on Msia glove is lifted by US?

Credit to NPR article publised on 23 Nov 2020

Posted by gloveharicut > 2020-12-29 15:21 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2020-12-29-story-h1538432965-No_year_end_party_for_GLOVEs_bulls.jsp

Posted by supersinginvestor > 2020-12-29 16:21 | Report Abuse

Aiyoyo

Posted by 5c0160 > 2020-12-29 18:50 | Report Abuse

Tmr 4.20. company in trouble.

Posted by gancel > 2020-12-29 21:47 | Report Abuse

epf is selling mil of shares. Probably needs money for i-sinar

Posted by kd88 > 2020-12-29 23:18 |

Post removed.Why?

Posted by linheng > 2020-12-30 08:01 | Report Abuse

Look at Bursa Stats. Very little short selling of Glove Stock already.
Time to buy

Posted by barbieglove > 2020-12-30 08:03 | Report Abuse

I wish u all diarrhea shit in pants today

Posted by Keyman188 > 2020-12-30 08:42 | Report Abuse

OMG...Topglove suspended .............

Posted by yjasonng2020 > 2020-12-30 11:04 | Report Abuse

possible to hit 5.0 today?

Posted by casanwk > 2020-12-30 14:14 | Report Abuse

Most probably it take few days to hit 5
Want resistance to break at 4.85
And ride on minor third wave to get to 5.20
(Elliot)

Posted by super_newbie > 2020-12-30 16:19 | Report Abuse

Sad, running behind Sri Trang's market cap, should be at RM14b

Posted by Keyman188 > 2020-12-30 16:28 | Report Abuse

Today give chance to glove sector rebound also don't want to rebound..

Black candlestick pattern some more....

What can you expect for upcoming period !!!..........