Posted by RiverOfSilver > 2021-01-20 17:03 | Report Abuse

OMG!

Posted by RiverOfSilver > 2021-01-20 17:03 | Report Abuse

Chinese health experts advise Australia to halt approval for Pfizer vaccine following Norwegian deaths

https://www.globaltimes.cn/page/202101/1213297.shtml

Posted by RiverOfSilver > 2021-01-20 17:04 | Report Abuse

WTF, man!

Posted by RiverOfSilver > 2021-01-20 17:04 | Report Abuse

Oh dear

Posted by RiverOfSilver > 2021-01-20 17:04 | Report Abuse

So what comes up next then?

Posted by linheng > 2021-01-20 17:07 | Report Abuse

Today RSS. Harta 36.40%; Kossan 12.0% and TopGlove 9.17%

Posted by MrGlover > 2021-01-20 17:08 | Report Abuse

Thanks @GoodBoy. Short volume today is low. Will see amount they buy back and net short position to see if reduce.

Posted by MrGlover > 2021-01-20 17:09 | Report Abuse

Strange that they train their guns to Harta and TopGlove again. And Supermax is totally left out. Hmm.

Posted by linheng > 2021-01-20 17:09 | Report Abuse

Harta Result next week. Hope they declared Bonus issue with warrants and a big Dividend. See how the shorties gonna buy warrants to repay
and pay dividend in cash to the owner

Posted by MrGlover > 2021-01-20 17:23 | Report Abuse

Yeah, impossible for them to not close position. Later they gotta cough out millions for divvy. Same with Supermax. Maybe that's why they didn't touch Supermax.
I think Harta they do hit and run only la. Yesterday's short position for Harta 43.5m, how they gonna close la.
Kossan result is week after right? First week of Feb?

Posted by MrGlover > 2021-01-20 17:26 | Report Abuse

Good closing today. Keep faith guys. We ride this out for a fabulous CNY! :)
If not celebrating also BIG Ang Pow for you :)

Posted by GoodBoy > 2021-01-20 17:32 | Report Abuse

Impressive closing for Kossan

Posted by GoodBoy > 2021-01-20 17:33 | Report Abuse

Hartalega is under heavy attack by RSS army

Posted by 99newbie > 2021-01-20 17:43 | Report Abuse

Maybank Kim Eng says to keep some glove stocks in your portfolio

https://www.theedgemarkets.com/article/maybank-kim-eng-says-keep-some-glove-stocks-your-portfolio

Posted by TRYLUCK88 > 2021-01-20 17:46 | Report Abuse

mR gLOVER, CARE TO SHARE THE LIGHTS OUT POSITION... PRICE DROP A LOT AT CLOSING ?

Posted by MrGlover > 2021-01-20 17:51 | Report Abuse

I was referring to @noobinvestor98 as he said he parked at 4.05. Was certain that it wasn't possible even if there is shorting at 4.50pm. Not saying that price will drop a lot at closing :p

Posted by MrGlover > 2021-01-20 17:53 | Report Abuse

Let's hope this is the beginning of a new climb. :)
Stay invested, Q report and special divvy announcement should be out soon! :)

Posted by noobinvestor98 > 2021-01-20 18:07 | Report Abuse

@MrGlover, I also hope it won't reach my queue. I parked at 4.05 just to play safe.

Posted by Allantanks > 2021-01-20 18:17 | Report Abuse

如果手套盈利和上个季度一样,
大概大概
Provided Pat AND Share Price Stay THE Same For The Next quarter.

top glove = pe 7. 8 ， supermax pe 8.5, kossan pe 11. 8 , harta pe 29.3

Provided share price and pat stay the same for two quarters.
Top glove = pe 5.75, supermax = 6.41, kossan = 8.9, harta = 22.63

Posted by sehvoon > 2021-01-20 19:05 | Report Abuse

AMInvest also jump in the bandwagon. They are expert and shall be proven wrong.

Posted by sehvoon > 2021-01-20 19:07 | Report Abuse

Harta earning report on Jan 25. Kossan moves in tandem with Harta...

Posted by MrGlover > 2021-01-20 19:08 | Report Abuse

@Allantanks Thanks for sharing. Is that fair value? That's 2.16x from current price!

Posted by MrGlover > 2021-01-20 19:20 | Report Abuse

Really feel that a lot of investors overreacting. Glove business will still have many years to flourish. And from this pandemic, one thing is for sure, medical providers will be on high alert and will likely have enhanced SOPs compared to before pandemic.

As a company, they would be sitting on a huge cash pile which will allow them to reinvest in new products to expand the business. That's a really valuable proposition if you ask me. It's silly to be solely chasing themes and missing out on the potential of how these glove companies can grow from here.

It is for this that I'm staying invested! :)

Posted by Allantanks > 2021-01-20 19:25 | Report Abuse

Harta Price Is Stable and shall not move much. it has been 2 to 3 times. kossan is not bad and have more diversities in term of business. maybe they will use their money in much clever way and development

Posted by mita29 > 2021-01-20 19:44 | Report Abuse

Good news is EPF has been supporting Kossan since 12th.

Posted by sehvoon > 2021-01-20 19:47 | Report Abuse

Riverstone a company owned by Malaysia, listed in SGX, is currently trading 33 times earning multiple.

Posted by TRYLUCK88 > 2021-01-20 20:04 | Report Abuse

still asking myself...why kossan n not tg?..oth than the reason kossan being low downside.
how abt u all. linheng? 100lots in right?

Posted by MrGlover > 2021-01-20 20:12 | Report Abuse

Yeap, EPF acquire net 9,932,620 shares between 12th to 15th Jan!

Posted by beginner > 2021-01-20 20:14 | Report Abuse

Epf very smart, loan the units to shorties and buy the discounted units again from market. Gain the interest and later shorties have to return the borrowed shares

Posted by MrGlover > 2021-01-20 20:25 | Report Abuse

That's what you get for one with deep pocket. So can be assured that EPF will take care of Kossan price as well :)

Posted by RiverOfSilver > 2021-01-20 21:23 | Report Abuse

According to Malaysian Rubber Glove Manufactuters Association (MARGMA), global glove demand is about 330 billion pieces per year & estimated to grow at 10% annually

Posted by RiverOfSilver > 2021-01-20 21:23 | Report Abuse

For 2021 global glove demand is expected to grow to 396 billion pieces versus the total production capacity of Malaysian glove factories of 280 billion pieces

Posted by RiverOfSilver > 2021-01-20 21:23 | Report Abuse

While for 2022 global glove demand is expected to expand further to 475 billion pieces against the projected total production capacity of Malaysian glove factories of 363 billion pieces

Posted by linheng > 2021-01-20 21:24 | Report Abuse

Posted by TRYLUCK88 > Jan 20, 2021 8:04 PM | Report Abuse
still asking myself...why kossan n not tg?..oth than the reason kossan being low downside.
how abt u all. linheng? 100lots in right?
Haha. No worries. You don't get cheap sale always. How much the Short sellers lost on Tesla. Gloves is our Tesla lah.
Let say the Dividend yield is 13% (Based on TopGlove 2020 Div) and at a price of $4 per share - $0.52 cents per annum. Can pay over 3X your mortgage interest. I buy into margin account that gives me 5X leverage. Off course be prepared with some blue chips like Axiata and Telekoms. My purchase yesterday is
19-01-2021 Buy
TB/2021/146326
KOSSAN RUBBER 170,000 - 0.00 712,682.10

Posted by RiverOfSilver > 2021-01-20 21:24 | Report Abuse

While also, a research analyst from a local IB has also written that covid-19 vaccine deployment could in fact add another further new demand source of 18 billion pieces per year, assuming that 60% of the world's 7.5 billion people gets their vaccine in two doses annually

Posted by RiverOfSilver > 2021-01-20 21:24 | Report Abuse

Today, the demand for rubber gloves is so overwhelming that major rubber glove manufacturers have an order waiting list of more than 12 months

Posted by linheng > 2021-01-20 21:25 | Report Abuse

Average price about $4.192. Today top up again

Posted by linheng > 2021-01-20 21:28 | Report Abuse

Should have bought some Hartalega at the close when it was thrown down. Remember that volume is thin. Any pressure exerted will drive price lower much faster. Be prepared to pick up if you buy. Better than buying all the Bank Shares will rising NPL.
Hartalega Q result out this coming Monday Noon. Kossan is in mid February. There is a bit of delay on Supermax results

Posted by MrGlover > 2021-01-20 21:39 | Report Abuse

I kinda suspect that they bought back end of day at 4.12 since yesterday's average short was at 4.16. Last 15 mins volume about 1.2m.

Posted by bullpiano > 2021-01-20 22:24 | Report Abuse

Is it a classic "short and distort" campaign????

4/Jan
Shorties short sell 106mil TG shares.
TG Share price downfall from RM6.10 to RM5.50
% of Total TG Net Short Position 1.52%

6/Jan
TG closing price RM5.76

7/Jan
“US investor in Malaysia’s Top Glove raps board of directors over worker safety” at 3:11pm
“The vote against Top Glove’s INEDs amid migrant workforce woes” at 3:21pm
“MSWG: Local institutions should emulate Blackrock’s sternness By Devanesan Evanson” at 3:23pm
“Don’t take Blackrock and Norges Bank’s rebuke lightly, groups tell Top Glove” at 3:25pm
4 desperate post within 20min hoping to press down the price
TG closing price RM5.80

8/Jan
TG closing price RM6.50
% of Total TG Net Short Position 2.62%

13/Jan
“Glove Sector - Earnings will peak in 1H2021” reported by AMInvest
“Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations”
Posted in Theedgemarkets.com
TG closing price RM6.63

17/Jan
“Canadian TV shows secret camera footage from Top Glove factory” posted in FMT

18/Jan
TG closing price 6.34
% of Total TG Net Short Position 2.76%
TG Total Net Short Position (Volume) 225mil

Posted by bullpiano > 2021-01-20 22:29 | Report Abuse

4/Jan
TG Open RM:6.10 Close:RM5.50
Shortist had to spend RM573.22 mil with 106mil shares to bring down TG by RM0.60
Shortist average cost was RM5.40

Up to date, shorties had spend RM1.241 bil with average selling price of RM 5.247 ( not considering some position that had been closed)

Assuming that shortist TP is RM4.247 to make RM1.00 (19%) profit.
How many shares do they need to short in order to hit the TP?
By Bursa rule maximum Net Short Position is 4%
As on 18/Jan, TG Net Short Position 2.76%.
Room for shortist is 4% - 2.76% = 1.24% = 103 mil shares
But today (20/Jan) TG closing price is RM6.14, isn’t that shortist have very limited room to push down until hitting the TP price?
Do shortist have other strategy to press down the price?

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

Please wear a pair of gloves before going out of ur home

https://www.google.com.my/amp/s/www.news18.com/amp/news/india/coronavirus-news-live-updates-covid19-vaccine-tips-deaths-india-cases-new-strain-mutant-maharashtra-delhi-3314060.html

Posted by Ron90 > 2021-01-21 01:29 | Report Abuse

today Kossan and Harta become focus of Rss attack, but kossan able to absorb the pressure with green ending.. tomorrong might be the better day for glove stocks.

Posted by ProsperousRealm > 2021-01-21 04:16 | Report Abuse

Aah got good news for gloves

Posted by ProsperousRealm > 2021-01-21 04:17 | Report Abuse

Don't throw your glove stocks yet

Posted by ProsperousRealm > 2021-01-21 04:18 | Report Abuse

Invesment analyst expects glove stocks to perform strongly in 2021

https://www.freemalaysiatoday.com/category/nation/2021/01/20/dont-take-off-glove-stocks-yet-says-analyst/

Posted by ProsperousRealm > 2021-01-21 04:19 | Report Abuse

So, you see, gloves only suitable for serious mature intelligent sensible smart patient long term investors

Posted by ProsperousRealm > 2021-01-21 04:19 | Report Abuse

Gloves not suitable for short term panicking frenzied gambling monkeys

Posted by linheng > 2021-01-21 08:17 | Report Abuse

Latest Net short position on gloves
Kossan is -2.15% up from 2.08%
Harta is 1.22% up from 1.16%
TopGlove is 2.69% down from 2.76% and 2.82% the previous day
Supermax 0.57% up from 0.56%
As you can see, Kossan is resisting well. Inspite of low volumn and increased shorting (0.07%), the price actually increase 5 cents.
At this point, we can be hopeful that EPF will be buying more since they bought on the 14 & 15Th Jan at above $4.22

Posted by linheng > 2021-01-21 08:18 | Report Abuse

Remember Harta quarter results out on Monday noon.