MACQUARIE Research downgrade TOPGLOV to RM5.40. Time to take off the gloves? Smoke or Fire?
Date:
2020-09-10
Firm:
MACQUARIE GROUP
Stock:
Price Target:
5.40
Price Call:
SELL
Last Price:
1.21
Upside/Downside:
+4.19 (346.28%)
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I invite you to read my blog and make a smart GLOVE decision.
https://klse.i3investor.com/blogs/gloveharicut/blidx.jsp
I invite your to read following post after read MACQUARIE report to make a smart GLOVE decision.
CIMB Research maintain BUY on TOPGLOV. Aiming for top results. Target price = RM9.20
TOP GLOVE buyback 1.392million shares at RM7.11 - RM7.21
Miti: Rubber GLOVE exports up 50% in first seven months
I am reproducing the MACQUARIE Research report to my blog.
This post don't have any value added content.
Compile here for my own record.
Please skip if you don't like it.
https://www.docdroid.net/c8gAIDe/topg-mq-pdf
Discussions
Be the first to like this. Showing 20 of 20 comments
gang bang started
AM Bank started, followed by Jupiter
now MangKukLi also joined , wakakakaka
2020-09-10 10:19
are the bank doing this to collect at bottom?since they are surely to make losses when OPR announcement later at noon
2020-09-10 11:14
banks sure collect one, now they just need to push to rm8 to trap new ikan bilis since many cut loss when it fell this 2 days
2020-09-10 11:26
A cursory look at the chart shows the support is at the level suggested by MQ.
2020-09-10 11:32
The 2 glove makers are inside the KLCI. The KLCI is poised to correct its 5 up Elliott Waves to abt 1456. We are looking the probablity of possibilities. How would these 2 glove makers fare in face of this correction?
https://www.tradingview.com/x/iXhgjVn4
2020-09-10 11:45
Shame on McQuire . Just two weeks.ago, still maintained the tgt price of 30.50. Now, change the method of valuation to 2023 earnings which is so far away .The tgt pricr was slashed almost 50% within 2 weeks. How to trust such report?
2020-09-10 13:52
MQ is conlanfirm a big shark. Multiple times tio sue in court for market manipulation.
2020-09-10 13:53
IB may be intentionally releasing low TP so that the share price will be lower for them to collect. When the QR results is superb, they will write it as undervalue and assigning a high TP.
2020-09-10 14:45
https://www.thetradenews.com/bursa-malaysia-rebukes-macquarie-for-market-manipulation/
Not the first time Macquarie manipulated the market. They make money from conning people like u n me
2020-09-10 19:48
This Lim Wee Chai try to goreng share instead of seriously doing business loh...!!
Posted by GuShen > Sep 10, 2020 7:53 PM | Report Abuse
Very “good” management. Spent more than RM100mil to share buy back. Investors should query the management decision, why they spend so much money to share buy back instead of use the RM110mil to declare dividend so all shareholders will enjoy.
2020-09-10 19:56
Please call this number 03-20598989 to question the moron from MACQUARIE, he may got intention to sabotage Bursa Market. Thus, by purposely downgrade topglove target price, the whole market will in trouble. KLCI up becos of topglove and harta, down also becos of them.
2020-09-11 00:01
IBs n their analysis...will always have conflict of interest. all IBs are the same. just be aware
2020-09-16 13:32
KUALA LUMPUR (Sept 15): The supply of the rubber gloves will not be able to meet the demand in the next three years, said Hartalega Holdings Bhd executive chairman Kuan Kam Hon.
https://www.theedgemarkets.com/article/glove-supply-will-not-meet-demand-next-three-years-says-hartalega-executive-chairman
IB report is rubbish, the biggest nitrile glove maker said shortage of 120b gloves.
2020-09-16 13:39
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Amazing! Despite all the good news, MQ managed to downgrade.
0 mark
2020-09-10 09:39