Posted by Passivereturn > 2021-01-04 16:34 | Report Abuse

Kossan C5 warrant will expired worthless one way or another. Looking at the volume, it seems the last pessimistic person had sold all their warrant out of fear which is what the IB wants hence the capitulation. Supposing if today all the holder of warrants C5 had sold out, tomorrow glove might rally uptrend. But........

The highly stable Topglov C71 does not augur well for the IB. Nobody seems to throw their warrant back to IB. Didnt see any volume today and the past few days. C71 will expired on 15Jan. We will see who is the winner for the next 10days. The IB or their counter party.

After 15Jan, glove will be super bullish.

Posted by Woodswater > 2021-01-04 16:47 | Report Abuse

https://www.theedgemarkets.com/article/covid19-vaccine-safe-no-longterm-side-effects-%E2%80%94-mosti

Run for life

Earlier deny giving special dividen
Now offer 20% hi dividen, but who dare to catch falling knife as Singapore 1 st Missy injected 1st dose vaccine live without wearing any gloves needed, somemore coming more bad news for gloves sector as

https://www.channelnewsasia.com/news/singapore/covid-19-first-vaccinations-ncid-healthcare-workers-pfizer-13864346

Who say vaccination must use glove?


https://www.klsescreener.com/v2/news/view/773407/%E6%89%8B%E5%A5%97%E8%82%A1%E6%83%A8%E9%81%AD%E5%A4%A7%E8%A1%80%E6%B4%97

Posted by wesleylwl > 2021-01-04 17:07 | Report Abuse

buy the fkin dip

Posted by gloveharicut > 2021-01-04 18:24 | Report Abuse

https://klse.i3investor.com/blogs/gloveharicut/2021-01-04-story-h1539147818-Credit_Suisse_remains_optimistic_on_GLOVEs_for_2021.jsp

Posted by 5c0160 > 2021-01-04 18:25 | Report Abuse

insider new tmr 3.30

Posted by beginner > 2021-01-04 18:54 | Report Abuse

by friday below 2.30, wait after c5 expired then only can up

Posted by Goldgent > 2021-01-04 19:38 | Report Abuse

Expiring Cover Warrants in the next 3 months.
C5 (15/Jan), C8 (29/Jan), C13 (26/Feb),
C9 (12/Mar), C11 (22/Mar), C14 (31/Mar), C18 (31/Mar)

Posted by Goldberg > 2021-01-04 20:36 | Report Abuse

Credit Suisse still POSITIVE on glove sector due to Attractive Valuation.
==================================================
TheEdge Mon, Jan 04, 2021 02:38pm - 5 hours ago


KUALA LUMPUR (Jan 4): Despite the availability of vaccines seen around the globe, Credit Suisse is still positive on the glove sector due to its inexpensive valuation and higher dividends.

Credit Suisse’s co-head of ASEAN securities research and head of research in Malaysia Danny Goh said the glove sector is trading at less than five times P/E multiple versus its historic average of 17%, and is at present offering a dividend of more than 10%.

“Thus, in terms of valuation and dividends point of view, gloves do provide very good value at this point of time,” said Goh, at Credit Suisse's 2021 ASEAN Conference media briefing today.

Based on feedback from the glove makers, Goh said the average selling price is still trending upwards on a quarter-on-quarter basis, noting that 2021 “earnings is pretty much already in the bag”.

“While the pandemic does pose some question marks on how long demand and selling prices could continue to stay firm, but if we were to rely on the feedback of some of the glove makers, the forward orders will last them well into 2022,” he added.

From this perspective, he noted that glove stocks do seem defensive at this point of time, given that it is one of the few sectors that is seeing positive earnings momentum, offering very high dividend yield and trading at very low valuation relative to history.

As at noon break today, the big four rubber glove makers have wiped out RM13.65 billion worth of market capitalisation on Bursa Malaysia, due to the strong selling pressure that is possibly no thanks to the short selling ban that has been lifted as of today.

Posted by CakapSohaiThings > 2021-01-04 21:50 | Report Abuse

Expect RSS to continue tomorrow, best of luck

Posted by Pgraduate123 > 2021-01-04 22:10 | Report Abuse

Credit suisse coming to catch falling knife tomorrow.... Let them catch it alone...
I need save my money open Char kuaw teow stall

Posted by Pgraduate123 > 2021-01-04 22:13 | Report Abuse

That's why it's valued Gostan

Posted by Pgraduate123 > 2021-01-04 22:13 | Report Abuse

It's called ***

Posted by Pgraduate123 > 2021-01-04 22:15 | Report Abuse

2.99 all in

Posted by OngKawKaw > 2021-01-04 23:16 | Report Abuse

NO PROBLEM LAH. 3RD WAVE OF OPPORTUNITIES DATANG ALREADY!!! OLE OLE OLE

Posted by dompeilee > 2021-01-05 10:00 | Report Abuse

Speculatively bought Kossan @ 3.89

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

https://klse.i3investor.com/blogs/gloveharicut/2021-01-05-story-h1539170884-GLOVEs_Regulated_Short_Selling_RSS_at_04_01_2021.jsp

Posted by Goldberg > 2021-01-05 10:26 | Report Abuse

PUBLIC INVESTMENT BANK
PublicInvest Research Sector Update KDNPP17686/03/2013(032117)
RUBBER GLOVES
Tuesday, January 5, 2021
Overweight

COMPELLING VALUATIONS
======================
RUBBER GLOVES MARKET SHARE

Following the uplifting of the regulated short selling (RSS) suspension, glove makers under our coverage came under heavy selling pressure, with respective share prices declining by 10% to 14% overnight. We are of the view that the extended selldown is rather unwarranted, considering that the fundamentals for glove counters are still intact and stellar results are still expected in the coming quarters, supported by rising gloves’ ASP and tight supplies due to capacity constraints. .

1-No change to fundamentals

Still sound. Despite the unwarranted heavy selldown on glove counters following the uplifting of RSS suspension, fundamentals for the glove makers under our coverage universe remain solid. We expect the glove makers to continue delivering impressive results in the coming quarters. We see an upward ASP trend as the rubber glove supplies continue to be tight due to capacity constraints.

2-Vaccine is not wonder drug.

The rollout of Covid-19 vaccine has greatly dampened the sentiment on glove counters; however, we highlight that glove demand and ASPs are still holding up well, considering the change in consumption pattern and heightened hygiene awareness.
On a side note, with the new Covid strain that is reportedly faster spreading, the existing vaccines developed might not work as effectively in warding off the new strain, potentially prolonging the time needed to inoculate a sufficient percentage of the world population.

3-Buy for its dividends.

Top Glove has committed to special dividend payout of 20%, bringing its total dividend payout for the remaining three quarters in FY21F to 70%.

4-Attractive valuations,

Upgrade to Overweight. Following the recent share price retracement, all three glove makers under our coverage are currently trading at compelling valuation levels.

Posted by Silentreader88 > 2021-01-05 11:00 | Report Abuse

Despite so many negative and rubbish talk about gloves this week, its seems good today, managed to catch at bottom and fifo, super fast profit. Those RSS, best of luck. hehehe

Posted by newkid > 2021-01-05 11:02 | Report Abuse

During this period of political unstable ,just avoid all index link counters particularly gov link index counters

Posted by amateurJR > 2021-01-05 11:04 | Report Abuse

Walao cuci gao gao

Posted by amateurJR > 2021-01-05 11:04 | Report Abuse

Very undervalue

Posted by kitmanworld > 2021-01-05 11:07 | Report Abuse

Can go down further ka? perhaps 3.30 - 3.50 ?

Posted by bose00 > 2021-01-05 11:21 | Report Abuse

some say even as low as 2.30 can be achieve

Posted by bose00 > 2021-01-05 11:22 | Report Abuse

but I ignore and bought in 3.92

Posted by Nick > 2021-01-05 12:33 | Report Abuse

Close at 4.00
Nice

Posted by oks911 > 2021-01-05 14:10 | Report Abuse

i bought at 3.96, if drop 3.5, i will top up again.. then 3, then 2.5

Posted by tamp0i > 2021-01-05 15:01 | Report Abuse

It is a good buy when you see all sorts of low TP being given by people.. Hahaha, swallow and hold only

Posted by CakapSohaiThings > 2021-01-05 15:08 | Report Abuse

We shorted too much yesterday, today we close our shorts 1st. When the time is ripe, we short again

Thats what they said.

Posted by Desmond Nah > 2021-01-05 15:14 | Report Abuse

nice...

Posted by drago_7 > 2021-01-05 17:06 | Report Abuse

Yummy... Drago bought somemore today!

Posted by chshzhd > 2021-01-05 17:06 | Report Abuse

buy kossan good counter..

Posted by Nick > 2021-01-05 17:12 | Report Abuse

1150 lot(s) bought at 4.05

Posted by 5c0160 > 2021-01-05 17:30 | Report Abuse

sliwest glove big 4 counter. just tecnical rebound.

Posted by Hunter70 > 2021-01-05 18:02 | Report Abuse

Ibs have short enough and now start to collect. It is time to call on all positive news. For those who feel that the stock is on downtrend, please go ahead. Even NYSE can u-turn, what make you think IBs will not change their statement out of sudden. I am not surprise JP Morgan will come up with another report stating glove industry as overweight and 3x TP. Then, that will be so funny to look at their faces.

Posted by Desmond Nah > 2021-01-05 18:07 | Report Abuse

hanging man appears...

Posted by linheng > 2021-01-05 18:15 | Report Abuse

Public bank IB target price $9.40. Even the JP Morgan Two Monkeys TP
is $3.80 for Kossan But $3.50 for TopGlove. Either end of Spectrum, this counter close today at $4.05. Plenty of upside with minimum downside. Those naysayers please throw early tomorrow morning because I am impatient to go in and sapu

Posted by Kossan > 2021-01-05 18:31 | Report Abuse

Fresh from CNA correspondence

The coming COVID-19 vaccine will permanently alter our genetics, and the second dose contains Luciferase and Luciferin. GMO genetically modified organisms is man changing the DNA of fruits and vegetables and animals.

No vaccine for HIV after 40 years of research.
No vaccine for common flu after 70 years of research.
No cure for cancer after 100 years of research.
A virus mysteriously appears and in less than a year a vaccine is created and we are all expected to take it.
MODerNA... modified dna.
GMO. GMH - Genetically Modified Humans.
first they Modified/engineered plants, fruits, vegetables, ... then animals, ... Now HUMANS, .

Posted by Kossan > 2021-01-05 18:32 | Report Abuse

No vaccine for HIV after 40 years of research.
No vaccine for common flu after 70 years of research.
No cure for cancer after 100 years of research.
A virus mysteriously appears and in less than a year a vaccine is created and we are all expected to take it.
MODerNA... modified dna.
GMO. GMH - Genetically Modified Humans.
first they Modified/engineered plants, fruits, vegetables, ... then animals, ... Now HUMANS, ...

Posted by chtan33 > 2021-01-05 19:52 | Report Abuse

local people scared vaccine more than virus...

Posted by Morpheus61 > 2021-01-05 20:06 | Report Abuse

The following are 2 Analyst report for 2 companies (Boxed in Yellow) in India.

I only want to point out the twisted rationale of the Analysts Reports being floated about Glove companies.

1. Granules India Limited (Pharma Company). No they don't produce Vaccines.
The Analyst has estimated an Earnings(EPS) increase of 21% for FY 2021/2022 (The EPS growth is Annual)
They assign a PE of 16.

https://imgur.com/OPLXsaf

2. Trident Limited (The largest Terry Towel & Bed Linen manufacturer in the world)
The Analyst has estimated an Earnings(EPS) increase of 38% for FY 2021 & 15% for FY 2022.
They assign a Forward PE for FY 2022 of 11. (The EPS growth is Annual)

https://imgur.com/84IjvVB

I REST MY CASE !

On the other hand you have Glove companies (ALL OF THEM) producing 100% to 200% incremental EPS QoQ (That's 400% to 800%) PER ANNUM.

And what PE do the ANALYST's give it ? 10 ? 11? 12 ?

Posted by MONEYcomehere1314 > 2021-01-05 21:48 | Report Abuse

pls dont believe IB , they all goreng kaki

Posted by Consultant > 2021-01-05 21:51 | Report Abuse

Almost time to go in for kossan.. when is it's quarter report? Hmmm

Posted by Consultant > 2021-01-05 21:52 | Report Abuse

3.5 is good entry point.. doubt it will go below 3

Posted by Infinite > 2021-01-06 06:33 | Report Abuse

JP set 3.80 for kossan but 3.50 for top gloves, current kossan reflect their ASP below US35-40 but TG already 65 to 75, Kossan still have big room for future profit growth. Harta also have but PE at heigt sides. Among 4 top, Kossan shall be low risk and high growth stock in next 2 years

Posted by Kossan > 2021-01-06 09:00 | Report Abuse

RIP for those who didn’t buy this year

Just in from google news

Portuguese nurse dies two days after getting the Pfizer Covid vaccine

Posted by Kossan > 2021-01-06 10:29 | Report Abuse

What’s going on with the vaccine?

https://www.google.com.my/amp/s/m.businesstoday.in/lite/story/healthcare-worker-dies-48-hours-after-getting-pfizer-coronavirus-vaccine/1/427050.html

Posted by gloveharicut > 2021-01-06 11:47 | Report Abuse

TOPGLOV estimates demand will continue to be strong for next 12 months in view of supply being limited, with ASPs reflective of the prevalent demand supply situation https://klse.i3investor.com/blogs/gloveharicut/2021-01-06-story-h1539177829-TOPGLOV_AGM_Slide.jsp

Posted by Infinite > 2021-01-06 13:51 | Report Abuse

ASP at usd30, kossan profit already reach RM 1B per year, for next 3 years as long as their selling cheap at half top gloves selling price. when price drop, no issue impact on selling price drop, Kossan sales and selling price still solid for next few years. Kossan profit already 400% increase compare pre pandemic time at USD 30. If ASP at us40, their annual profit easily RM 2B.what ever share price cheaper than top gloves, it always value to invest in addition with market cap far lower than top gloves.

Posted by katsul51 > 2021-01-06 17:50 | Report Abuse

Based on yesterday end shareholding by EPF in Kossan, Top Glove and Harta it is valued at RM 5.51 billion. EPF lost RM 2.1 billion in book value in one month. If glove industry has value I think EPF would support . Lets see the announce on EPF trade in the next few days.

Posted by GoldenHarvest1 > 2021-01-06 19:16 | Report Abuse

Recovery theme play losing steam