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4 comment(s). Last comment by Keyman188 2020-06-03 12:04
Posted by Keyman188 > 2020-06-02 17:52 | Report Abuse
Posted by Keyman188 > 2020-06-02 18:25 | Report Abuse
IB keep on indicating higher target price but now need to tighten the margin financing...
Orang pun mereka...hantu pun mereka...God pun mereka...kekeke...
Posted by Keyman188 > 2020-06-03 10:11 | Report Abuse
More & More investment bank will follow suit for tightening the glove maker counters...
Definitely will avoidable for force selling heavily since cap of each share price pretty much low...
Posted by Keyman188 > 2020-06-03 12:04 | Report Abuse
Today only for 1st haircut......force selling by 2 IB only...
Coming soon plenty of downside risk......
Others IB will join the battle as well......
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Keyman188 > 2020-06-02 17:51 | Report Abuse
Brokerage houses tighten margin financing on glove makers' stocks amid trading madness theedgemarkets.com / June 02, 2020 17:41 pm +08 KUALA LUMPUR (June 2): Both Maybank Investment Bank Bhd and RHB Investment Bank Bhd have tightened their share margin valuation on glove-related counters, starting today, following the relentless craze for glove makers' stocks. According to circulars issued by both investment banks, margin financing curbs will be imposed on the trading of shares in Hartalega Holdings Bhd, Top Glove Corp Bhd, Kossan Rubber Industries Bhd, Supermax Corp Bhd, Rubberex Corp Bhd and Comfort Gloves Bhd — at lower valuations compared to their current share prices. For instance, Maybank has capped the margin for Hartalega at RM8.97, Top Glove at RM9.41, Kossan at RM7.87, Supermax at RM3.38 and Comfort Gloves at RM2.29. RHB, meanwhile, has issued a circular to have the financing limit be capped at a 35% discount to the latest market closing price of these five counters, namely Hartalega (or at a 35% discount on RM8.15, whichever is lower), Top Glove (or on RM8.64), Kossan (or on RM5.65), Supermax (or on RM5), Rubberex (or on RM2.31), and Comfort Gloves (or on RM2.35). One brokerage personnel who do not wish to be named said these brokerage houses' latest policies are designed to cut down their potential exposure to these glove-counters, should there be a turn in tide in the recent surge at these counters.