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
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?
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
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.
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
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
According to Malaysian Rubber Glove Manufactuters Association (MARGMA), global glove demand is about 330 billion pieces per year & estimated to grow at 10% annually
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
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 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
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
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
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
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?
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.
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
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RiverOfSilver
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Posted by RiverOfSilver > 2021-01-20 17:03 | Report Abuse
OMG!