X

The Biden Administration will make a jaw dropping offer to takeover SUPERMAX.

It will cost them just USD15 bil.

JP Morgan will play a pivotal role to take SUPERMAX private

Here are the clues-

1-The U.S. government wants to be self-sufficient in PPE.

2-JP Morgan used their megaphone to drive down the glove counters without mentioning Supermax in their reports.

3-Supermax planned to manufacture in Delaware.

For the Americans UD15 billion to take over the BEST RUN GLOVE MANUFACTURER IN THE WORLD IS CHICKEN FEED TO THEM.

THE PRICE TAG - RM20-25 .

-------------------------------------------
SUPERMAX: WILL IT BE TAKEN PRIVATE?

https://klse.i3investor.com/blogs/sts/2021-01-17-story-h1539383454-SUP...

The Biden Administration will make a jaw dropping offer to takeover SUPERMAX.

It will cost them just USD10 bil. JP Morgan will play a pivotal role in this takeover of SUPERMAX.

Here are the clues-

1-The U.S. government wants to be self-sufficient in PPE.
2-JP Morgan used their megaphone to drive down the glove counters without mentioning Supermax in their reports.
3-Supermax planned to manufacture in Delaware.

For the Americans UD10 billion to take over the BEST RUN GLOVE MANUFACTURER IN THE WORLD IS CHICKEN FEED TO THEM.

THE PRICE TAG - RM20-25 .

@ Correct - Glovefinish Super has the best value. Accumulate

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.80/78.31= 8 times PE

SUPER Value.

Gloveharicut, are you another JPM Troll?

SUPERMAX: WILL IT BE TAKEN PRIVATE?

https://klse.i3investor.com/blogs/sts/2021-01-17-story-h1539383454-SUP...

JPMorgan's SMEAR CAMPAIGN OVER THE WEEKEND - FAILED to cause PANIC
-----------------------------------------------------
We will REWARDED when JPM PANIC and SHORT COVER.

Just HOLD your TG shares -This is the ONLY option we retailers have at our disposal to send the SHORTIES packing.

SHORTIES have to buy back 229 million TG shares to close their short position and return these shares to EPF-the willing lender.

If we all stand UNITED and HOLD on to our TG shares- SHORTIES - especially JP Morgan will be ROASTED!

And IGNORE the JPM sponsored TROLLS.

Kudos to Top Glove Management - But slammed by Mainstream media & JPM Trolls

Posted by Anthem2 > Jan 17, 2021 2:52 PM | Report Abuse

Impossible to keep 47 factories and 21000 employees completely COVID free under the present circumstances. By admitting to it and taking measures to mitigate, displays exemplary social responsibility.

Keep up the good work Top Glove!

SHORTIES have to buy back 229 million TG shares to close their short position and return these shares to EPF-the willing lender.

If we all stand UNITED and HOLD on to our TG shares- SHORTIES - especially JP Morgan will be ROASTED!


And IGNORE the JPM sponsored TROLLS.

Thats the spirit Bro.

Posted by LaoTzeAhSir > Jan 17, 2021 6:31 PM | Report Abuse

SQUEEZE THE SH!T OUT OF EVIL SHORTISTS WHO BUSY SPREADING INSIGNIFICANT NEGATIVE NEWS ABOUT GLOVES OVER WEEKEND. THEY ARE GETTING DESPERATE AND SITTING ON RM200million value LOSSES, interests not included yet. NEVER LET THEM ACHIEVE THEIR EVIL PROFITING GOALS THROUGH SHORTING ON OUR MALAYSIAN COSTS. LET'S TEAM UP AND FIGHT BACK

Gemfinder can you please answer this question. I think you are most qualified. Thank you.!

Posted by luckyzaii27 > Jan 17, 2021 8:48 PM | Report Abuse

just wanna ask awhile, what is the motive of someone if keep staying at one counter to criticize people? i found the same people spam attack 1 counter for 1 year also won't bored =.=, can someone explain to me why?? nt at topglov

FINANCE
JPMorgan Chase to pay record $920 million to resolve U.S. investigations into trading practices
-------------------------------------------------------------------
PUBLISHED TUE, SEP 29 2020
Hugh Son

KEY POINTS

JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the alleged MANIPULATION of global markets.

JPMorgan Chase to pay record $920 million to resolve U.S. investigations into trading practices

PUBLISHED TUE, SEP 29 2020

JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the alleged MANIPULATION of global markets.

Pfizer may have to re examine their Covid Vaccine.

https://www.bloomberg.com/news/articles/2021-01-16/norway-vaccine-fata...

Keep safe folks.

Pfizer may have to re examine their Covid Vaccine.

https://www.bloomberg.com/news/articles/2021-01-16/norway-vaccine-fatalities-among-people-75-and-older-rise-to-29

Keep safe folks.

Correct! Im sure Trools agree as well.

Posted by BALANCE_VIEW > Jan 17, 2021 6:15 PM | Report Abuse

https://www.nst.com.my/business/2021/01/658136/kossans-gloves-orders-f...

Must ask AmBank, J AhPEX, Mcdonal, JP Moorron la, this news must be fake !! How can order lasted so long? Or it will collapse on 1Jan2022!!!

Spot on- Im sure Gemfinder agree with this.lol.

Posted by Anthem2 > Jan 17, 2021 2:52 PM | Report Abuse

Impossible to keep 47 factories and 21000 employees completely COVID free under the present circumstances. By admitting to it and taking measures to mitigate, displays exemplary social responsibility.

Keep up the good work Top Glove!

TG shareholders are all in for a Bonanza if such an announcement is made by SC/Bursa.

Posted by BloomBird > Jan 17, 2021 5:17 PM | Report Abuse

RSS will be consider to suspend til emergency end in Aug
Most probably next week announcement
Good Luck shorties

JPMorgan Chase to pay record $920 million to resolve U.S. investigations into trading practices

JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the alleged manipulation of global markets for metals and Treasurys.

The figure was released Tuesday by the Commodity Futures Trading Commission in a statement from commissioner Dan Berkovitz.

The bank also has quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with “spoofing” trades.

NOT JUST UNDERCOOKED, NOW THE FISH STINKS

In an 11 January note, JP Morgan provided an update less than a week after the 6 January report. It was more of the same, highlighting that gloves are ‘not needed’ while administering vaccinations.

On the weight of this gospel, boom, there goes worldwide gloves demand… in JP Morgan's view of the world, it expects every single country, hospital, healthcare worker to ditch gloves overnight when it comes to vaccinations.

Obviously it was done to create PANIC among the retailers to Short Gloves big time-with the help of EPF -the unscrupulous willing lender.

This is unadulterated Manipulation.

We must stand UNITED- HOLD on to our shares and watch JPM crumble.

Kudos to Top Glove Management - But slammed by Mainstream media & JPM Trolls

Posted by Anthem2 > Jan 17, 2021 2:52 PM | Report Abuse

Impossible to keep 47 factories and 21000 employees completely COVID free under the present circumstances. By admitting to it and taking measures to mitigate, displays exemplary social responsibility.

Keep up the good work Top Glove!

https://klse.i3investor.com/blogs/bursainvestments/2021-01-16-story-h1...

Just HOLD your TG shares -This is the ONLY option we retailers have at our disposal to send the SHORTIES packing.

SHORTIES have to buy back 229 million TG shares to close their short position and return these shares to EPF-the willing lender.

If we all stand UNITED and HOLD on to our TG shares- SHORTIES - especially JP Morgan will be ROASTED!


And IGNORE the JPM sponsored TROLLS.

NOT JUST UNDERCOOKED, NOW THE FISH STINKS A BIT...

In an 11 January note, JP Morgan provided an update less than a week after the 6 January report. It was more of the same, highlighting that gloves are ‘not needed’ while administering vaccinations.

On the weight of this gospel, boom, there goes worldwide gloves demand… in JP Morgan's view of the world, it expects every single country, hospital, healthcare worker to ditch gloves overnight when it comes to vaccinations.

Naturally all this begs some very valid questions:

Who is this report really written for? Investors who seek a better understanding of Malaysia’s glovemakers? People who want to make informed investment decisions?


JP MORGAN the ROGUE INVESTMENT BANKER-MANIPULATOR

NOT JUST UNDERCOOKED, NOW THE FISH STINKS A BIT...

In an 11 January note, JP Morgan provided an update less than a week after the 6 January report. It was more of the same, highlighting that gloves are ‘not needed’ while administering vaccinations.

On the weight of this gospel, boom, there goes worldwide gloves demand… in JP Morgan's view of the world, it expects every single country, hospital, healthcare worker to ditch gloves overnight when it comes to vaccinations.

Naturally all this begs some very valid questions:

Who is this report really written for? Investors who seek a better understanding of Malaysia’s glovemakers? People who want to make informed investment decisions?

Forced Labour Happens in Canada
------------------------------------
We hope this resource supports campaigns to raise awareness about cross-border cases of human trafficking in Canada.


https://ccrweb.ca/en/forced-labour-happens-canada#Download

Interesting article- dedicated to the JP Trolls.

https://www.pelhambluefund.com/2021/01/this-fish-is-undercooked-jp-morgans.html?m=1

All the time CUTLOST - how are you going to make money.lol- Strange !

Posted by CUTLOST > Jan 17, 2021 12:45 PM | Report Abuse

JP analysis is base on fact & data, so I'm will wait their Tp.. End of Story

The TROLLs employed by JP Morgan has just clocked in, spewing nonsense. lol.

JP Morgan in PANIC mode.

Good point-

SHORTIES have to buy back 229 million TG shares to close their short position and return these shares to EPF-the willing lender.

If we all stand UNITED and HOLD on to our TG shares- SHORTIES - especially JP Morgan will be ROASTED!

Posted by beginner > Jan 17, 2021 12:24 PM | Report Abuse

How many times limit up when shorties starting buying back 229m shares? Just hold and wait till then you will earn big bug

Supermax - Record profits will be announced in a week or two.

Super is expected to announce a whopping PAT of RM 1 .1 billion or RM0.40 sen earnings per share for the coming quarter. This will leaves Supermax with a Trailing PE of just 8 times.

(2.31+5.42+30.58+40=78.31 sen)

6.80/78.31= 8 times PE

SUPER Value.

Correct@ Greedy4444

Malaysians like gemfinder happy to become foreign agent to tarnish Malaysia name. What a great shame to call yourself a Malaysian, gemfinder ! Gemfinder and the gang should migrate to bangladesh or Canada immediately, they will welcome you all with red carpet.

Short seller(s) might not want to close the short position on Monday. However, there are (at least)

3 factors that might force their hand:

1) Would it be viable to keep the short position open when the stock has actually risen in price (except for Kossan's) compared to the closing price from December 31, the last trading day before the shorting started? And this albeit the RM2 billion in short sales.

2) The upper limit of 4% for the net short position (i.e. the volume of shorted shares not bought back yet) specifically for Top Glove is approaching. According to the latest data published by Bursa the net short position on Top Glove stands at 2.80%, but that data lags by 1 day (see my explanation on that here). On Friday 1.5 million shares of Top Glove were shorted, so unless some part of the position has been closed, the net short currently stands at 2.82%, or 1.18% below the limit. The short position on Kossan, after Friday, likely stands at 2.14% of the company's outstanding stock.

3) The short seller(s) might not be able to find a willing lender of shares. At present, the short seller(s)'s best move appears to be to try one last massive attack, like the one from January 4, where they could cause panic sale, so that the market share prices could drop as much as possible. However, for some reason the short seller(s) have not done that yet, albeit the huge paper loss they are sitting on. One of the reasons might be precisely the inability to procure the necessary quantity of shares to execute on that plan.

In a nutshell, the short seller might currently be in a difficult position. If they do not continue shorting on a daily basis, the price may jump even more. But if they do continue to short, their losses are just going to continue rolling. Thus, closing quickly might be the best possible scenario, unless they hold a large volume of borrowed shares that they could short sell, and then buy back quickly after the market price tumbles down.

We will see how things play out next week.


(Source- Is the Big Shorts Over-Ben Tan)

Interesting news- @ Ben Tan

This might be just coincidental but:

The Commander of Defense Supply Center of the United States says the US plan "to invest a half-billion in the domestic production of nitrile gloves, used for nonsurgical purposes in hospitals, as well as the raw material for those gloves, nitrile butadiene rubber (NBR)."

https://news.bloomberglaw.com/health-law-and-business/u-s-to-continue-...

Supermax's US expansion will cost US$550 million.

https://www.theedgemarkets.com/article/supermax-incorporates-new-subsi...

Well said Ben Tan!

All negative news for gloves, although it seems like at this point most of the very negative news are already priced in. Without the ongoing shorting for the past 2 weeks, the share prices of the 4 companies were likely going to be 50 to 100 sen higher than they are.

JPMorgan names ‘extremely cheap’ stocks in a market with room to rise
------------------------------------------------------------------------
PUBLISHED WED, JAN 13 20211:42 AM EST

Value stocks refer to those that go up and down with the economy. They can be underappreciated by investors and are different to “growth” stocks, which are seen as having strong earnings potential. Markets around the world have pushed to highs in 2021 in large part because investors have been making huge bets on growth stocks — especially tech companies.

In a note published Monday, the JPMorgan analysts said a shift towards value continued “have legs” and picked a number of European stocks to take advantage of this trend.


JP Morgan is a closeted fan of TOP GLOVE- Just look at their portfolio.

Top Glove is their Top Pick.

https://klse.i3investor.com/blogs/bursainvestments/2021-01-16-story-h1539380474-Is_the_Big_Gloves_Short_Over.jsp

Just HOLD your TG shares -This is the only option we retailers have at disposal to send the SHORTIES packing.

The SHORTIES will be getting jittery as they are running out 'stories' and Shares ( TG shares) to Short Sell- as the ceiling of 4% is approaching.

Sooner or later Shorters may have to bite the bullet and short squeeze.

Hope that day will come really soon.

Thanks Ben for the article. Cheers!

What screwed you are you talking about? What have you been smoking/drinking? TG has 46 factories, only a handful of workers infected in 4 factories. Business will go as usual. No worries.

JP Morgan and their TROLLs will be disappointed that buyers are queuing and waiting buy the TG shares, the worlds TOP gloves producer.

With the Covid 19 cases above 4000 in Malaysia and rising allover the world - it wont be easy to CON the SMART TG investors.

I heard JP Morgan is running out of ammunition and also ideas.


Posted by Trump2020 > Jan 16, 2021 11:20 PM | Report Abuse

Topglove is screwed. Sell down on Monday

@ Correct Bro Agil

Whats wrong with these people day and night no. Stop arguing that vaccines do not need gloves ...waste of time.

If u think its gone case, cabut fast fast or rather RUNFAST, RUNFIRST, SAFETYFIRST......

If u still belive then buy quietly when the price weaken....

China's COVID-19 burden rising again; 1,001 now in hospital
-------------------------------------------------------
China COVID-19
Jan. 15, 2021.

Emily Wang Fujiyama, The Associated Press
Published Friday, January 15, 2021 7:37AM EST

BEIJING -- A city in northern China is building a 3,000-unit quarantine facility to deal with an anticipated overflow of patients as COVID-19 cases rise ahead of the annual Lunar New Year travel rush.

State media on Friday showed crews levelling earth, pouring concrete and assembling prefabricated rooms in farmland in an outlying part of Shijiazhuang, the provincial capital of Hebei province, which has seen the bulk of the new cases.

Spot on Bro Omni

If we assume that gloves are used to vaccinate the entire world population, the number of gloves required to get this job done is only 34 billion (i.e., 1 pair of gloves per shot and two doses per person). We know it is impossible to vaccinate 7 billion people in one year. Should the world target to complete this exercise in 4 years, it would be a pretty tall order. That means only 8+ billion gloves are required per year for this purpose.

When we contrast this 8-billion to Kuan Kam Hon's (Hartalega) statement of 120-billion shortfall in glove supplies, the picture becomes clearer that whether or not gloves are used for vaccination is IMMATERIAL to the overall earnings of Supermax.

Well said Bro!

If we assume that gloves are used to vaccinate the entire world population, the number of gloves required to get this job done is only 34 billion (i.e., 1 pair of gloves per shot and two doses per person). We know it is impossible to vaccinate 7 billion people in one year. Should the world target to complete this exercise in 4 years, it would be a pretty tall order. That means only 8+ billion gloves are required per year for this purpose.

When we contrast this 8-billion to Kuan Kam Hon's (Hartalega) statement of 120-billion shortfall in glove supplies, the picture becomes clearer that whether or not gloves are used for vaccination is IMMATERIAL to the overall earnings of Supermax.

Cautious trading expected at Bursa Saham ahead of OPR announcement
----------------------------------------------
ASEANPLUS NEWS
Saturday, 16 Jan 2021

KUALA LUMPUR, Jan 16 (Bernama): Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) announcement on Wednesday.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said a possibility of another rate cut by the central bank could not be ruled out, given the highly fluid situation arising from the resurgence of COVID-19 cases and the reinstatement of the Movement Control Order (MCO 2.0).

A rate cut and loans moratorium is highly likely.

https://klse.i3investor.com/blogs/sts/2021-01-16-story-h1539379637-SUPERMAX_HOW_WILL_GLOVE_USAGE_FOR_VACCINATION_IMPACT_ITS_EARNINGS.jsp

https://klse.i3investor.com/blogs/sts/2021-01-16-story-h1539379637-SUPERMAX_HOW_WILL_GLOVE_USAGE_FOR_VACCINATION_IMPACT_ITS_EARNINGS.jsp

Norway warns of Covid-19 vaccine risk after 23 die
Author: Tan KW | Publish date: Sat, 16 Jan 2021, 1:56 PM
-----------------------------------------------------------------
NORWAY said Covid-19 vaccines may be too risky for the very old and terminally ill, the most cautious statement yet from a European health authority as countries assess the real-world side effects of the first shots to gain approval.

Norwegian officials said 23 people had died in the country a short time after receiving their first dose of the vaccine. Of those deaths, 13 have been autopsied, with the results suggesting that common side effects may have contributed to severe reactions in frail, elderly people, according to the Norwegian Medicines Agency.

"For those with the most severe frailty, even relatively mild vaccine side effects can have serious consequences," the Norwegian Institute of Public Health said. "For those who have a very short remaining life span anyway, the benefit of the vaccine may be marginal or irrelevant."

The recommendation does not mean younger, healthier people should avoid being vaccinated. But it's an early indication of what to watch as countries begin to issue safety monitoring reports on the vaccines.

Hospital collecting medical stockpile to avoid any potential shortage
--------------------------------------------------------------------
15th Jan 2021

HARTFORD, CT (WFSB) — At the onset of the pandemic, the medical supply chain weakened as hospitals scrambled to fine personal protective equipment.

When the coronavirus cases surged at the beginning of 2020, it crushed hospitals as people flooded testing sites. At a critical time when the healthcare workers needed personal protective equipment for infectious disease, hospitals watched the supply chain crash in real time.

“The increase of demand globally led to consistently back order shortages and allocations,” said Milrose Mercado, Harford HealthCare.

Interesting article on Pfizer vaccine.

https://www.globaltimes.cn/page/202101/1212939.shtml

Correct ! . @ PJ Seow.

It is a wrong assumption to value the stock at pre pandemic valuation. Based on Topglove past 18 years records from 2001 till 2019, its revenue,earnings and.share prices has grown.at an average of about compounded 20 %. That means in every 3 to 4 years , its earnings.and share prices will double. Topglove is a 100 baggers from.2001 till 2019. If you extrapolate , Topglove would have double its share price of 2019 in 2013 based on its average gowth rate even without the extra ordinary pandemic. We should also not just omit the exceptional profits of abot 30 billions made betwren 2020 till 2023. This profits is sbout 8 x of what topglove made from 2001 till 2019. This is real cash if which 70 % will be rewarded bac to the shareholders as dividend and the balance 30 % will be used to re invest in its capacity expansion. The total dividend would be worth about rm 2 . The company will be at.nett cssh position compared with nett debt position in 2019. These 2 factors.should be considered in our valuations of topglove.

Well said Bro.- Glove makers know their business better than JP Analyst who are paid to tell
stories (LIES)
--------------
Posted by Kc1154 > Jan 15, 2021 6:52 PM | Report Abuse

World biggest user of glove is the US. A third of the population are considered stiff neck who refuse to wear mask which explain why they are the number one in both infected cases and death. These people value freedom and humanity more than life. Very likely this group of people will also refuse to get inoculated. Worst the world famous expert Dr Fauci is doubtful of the effectiveness of the vaccines. There is no guarantee that one will not get infected after being vaccinated. Many stories about the side effects after being vaccinated have been reported. Including death. Do you think the medical community can afford to use less glove?

I think the glove makers know their business better than the analysts who are paid to tell stories. Hospitals not only buy for immediate use. They buy to keep for tomorrow, just in case.

Let's HOLD on tight to our investment to ensure the shorties fail in their game.