Anyways, BIG day tomorrow.
Supermax is entering KLCI end of trading day. Bear in mind that this achievement is WITH ZERO support from government linked funds. EPF and KWAP.

Actually on a very different note, Malaysia has done very little to actually support this gem of a industry. This is a sad reality. We are already losing in a big way to Vietnam and Indonesia. Look at where Tesla, Amazon, Google has gone to invest. The expensive Singapore has few big names. Rubber glove industry is the saviour of the economy during this pandemic. Supermax is obviously the company with the highest margin of profit but probably due to vendetta, you don’t see government funds like EPF and KWAP in it. If you don’t see them after 21/12, it is very obvious.

Then, you see SC and Bursa allowing all kind of manipulation on share prices of these glove companies. Media also was very unfair to Topglove as though Teratai is the only cluster. Forgetting the fact that the Sabah elections was the mother of all cause in the 2nd wave. To nail it, you see Public Bank (just because not to be beaten in mkt cap) downgrades Topglove.

Bravo Malaysia.

https://www.smh.com.au/national/coronavirus-updates-live-northern-beaches-now-in-lockdown-as-sydney-covid-19-cluster-spreads-20201219-p56oz6.html

Australia after almost a month clear..

https://www.wsj.com/articles/european-authorities-prepare-to-ease-covid-19-lockdowns-for-christmas-11606158715

Just 4 weeks ago, all over Europe was talking about easing lockdown and now one after the other going into FULL Lockdown. Italy is the latest after Germany and UK

The virus is getting aggressive

https://www.wsj.com/articles/european-authorities-prepare-to-ease-covid-19-lockdowns-for-christmas-11606158715

Just 4 weeks ago, all over Europe was talking about easing lockdown and now one after the other going into FULL Lockdown.

The virus is getting aggressive

https://www.bbc.com/news/world-europe-55372491

Italy orders lockdown too. Latest in EUROPE

https://thehill.com/policy/healthcare/530966-fda-investigating-allergic-reactions-to-pfizer-vaccine-reported-in-multiple

Not spreading vaccines not working. Im cautioning fellow allergy sufferers as im allergic to certain things.

Some reactions are quite severe until FDA is now finally investigating it.

Fellow allergy sufferers, we hope for the best.

https://www.express.co.uk/news/uk/1374479/london-news-coronavirus-lockdown-cases-Sadiq-Khan-christmas-rules-nhs-latest

https://www.telegraph.co.uk/global-health/science-and-disease/covid-coronavirus-news-vaccine-moderna-pfizer-christmas-lockdown/


UK cabinet emergency meeting due to sporadic cases due to Covid mutations

https://www.telegraph.co.uk/global-health/science-and-disease/covid-coronavirus-news-vaccine-moderna-pfizer-christmas-lockdown/


UK cabinet emergency meeting due to sporadic cases due to Covid mutations

https://www.businesstoday.in/current/world/watch-us-nurse-faints-after-pfizer-biontech-covid-19-vaccine-shot-triggers-safety-debate/story/425395.html

https://www.businesstoday.in/current/world/watch-us-nurse-faints-after-pfizer-biontech-covid-19-vaccine-shot-triggers-safety-debate/story/425395.html

https://www.dailymail.co.uk/news/article-9068117/Oxford-professor-warns-Covid-mutate-render-vaccine-useless.html

https://www.dailymail.co.uk/news/article-9068117/Oxford-professor-warns-Covid-mutate-render-vaccine-useless.html

No one holds the cyrstal ball to know when exactly the demand of gloves or ASP will come down. Or when pandemic can be under control. We have heard swagger, glovefinish, gemfinder day in day out about glove is over. You have said what you need to but just to repeat the same thing with no new information is futile. Maybe its time to leave glove investors on their own and you can invest wherever you want. Thanks

https://www.klsescreener.com/v2/news/view/768399/shed-some-tears-for-gloves


If only the author M Shanmugam can guess the market like what he seek to do in his article, he wouldn’t be working for The Star. He will be sipping his single malt whiskey by the beach. It is easy to be a parrot to reiterate what others have already said. The 10% that makes money from the market needs to look at macro trends. Whether you are in recovery stocks or glove stocks, it is not all rosy at this juncture. Look at Airasia, Public Bank, Carlsberg etc. their prices are coming down ferociously in the last 2 days. Gloves are consolidating. So stop acting that you know the market. No one can time it.

Best that we invest according to fundamentals. Earnings prospects and growth. That is only visible in gloves sector.

https://www.klsescreener.com/v2/news/view/768399/shed-some-tears-for-gloves


If only the author M Shanmugam can guess the market like what he seek to do in his article, he wouldn’t be working for The Star. He will be sipping his single malt whiskey by the beach. It is easy to be a parrot to reiterate what others have already said. The 10% that makes money from the market needs to look at macro trends. Whether you are in recovery stocks or glove stocks, it is not all rosy at this juncture. Look at Airasia, Public Bank, Carlsberg etc. their prices are coming down ferociously in the last 2 days. Gloves are consolidating. So stop acting that you know the market. No one can time it.

Best that we invest according to fundamentals. Earnings prospects and growth. That is only visible in gloves sector.

https://www.kptv.com/news/portland-metro-area-sees-dozens-of-covid-19-reinfections-health-officials-still-learning-about-immunity/article_bd55e396-3f5a-11eb-a04e-5379feb5f955.html

Biggest question that cant be answered by anyone. Who long does immunity lasts? Even with the vaccine

https://californiaglobe.com/section-2/california-nurses-union-plans-holiday-strike-over-ppe-shortage/

Nurses in California going on strike unless PPE shortage is resolved
19/12/2020 2:13

https://californiaglobe.com/section-2/california-nurses-union-plans-holiday-strike-over-ppe-shortage/

Nurses in California going on strike unless PPE shortage is resolved
19/12/2020 2:13

https://californiaglobe.com/section-2/california-nurses-union-plans-holiday-strike-over-ppe-shortage/

Nurses in California going on strike unless PPE shortage is resolved

Nitrile gloves are typically used to administer injections. They have been in short supply in recent weeks after a key manufacturer, Top Glove, temporarily halted part of its production because of an outbreak of Covid-19 at a Malaysian plant. The shortage could worsen as the vaccine rollout gains momentum — fuelling “glove wars” in the supply chain

https://www.ft.com/content/3d949852-3025-4376-9415-33a415acd1fd
19/12/2020 11:43 AM

Nitrile gloves are typically used to administer injections. They have been in short supply in recent weeks after a key manufacturer, Top Glove, temporarily halted part of its production because of an outbreak of Covid-19 at a Malaysian plant. The shortage could worsen as the vaccine rollout gains momentum — fuelling “glove wars” in the supply chain

https://www.ft.com/content/3d949852-3025-4376-9415-33a415acd1fd

Gaussian, dont main tembak. Learn some basic stock market knowledge. Net short means it has been sold. Now it depends when they want to buy back. If there is a sudden gush or positive news for Topglove such as EPF buying back Topglove or US CBP lifts the ban, you will see mad rush to cover their short by buying Topglove shares. The problem with buybacks is that the moment TS Lim does buy backs, retailers seeing it as an opportunity to make quick exit. That favours the shorties. Unless when SBB happens retailers hold until it reaches a certain price. Why not wait until you get at least 10% rather than selling when it is just 2-3% up. The stock is already oversold,risk v reward portfolio favours the reward.

Funds manager’s performance depends on quarterly basis. They all have achieved KPI. They cant buy and hold for a prolonged period. The next quarter willl start soon. Readjustment will start from 21/12 onwards. You will see the shift or some rebalancing.

Funds will also look for dividends. At current levels, Topglove dividend could be anything between 6-8%. Funds will find this attractive. As retailers, we have an advantage. Our performance doesn’t depend on quarterly review. We don’t have that kind of pressure.

https://seekingalpha.com/article/4367449-vanguard-ftse-all-world-ex-us-etf-should-benefit-from-massive-fiscal-and-monetary-policies

Please read this to understand the importance of FTSE All World Index. It is a big deal if Supermax gets in

Live: Covid updates: Pence receives vaccine on live TV; J&J enrolls participants for late-stage trials
https://www.cnbc.com/2020/12/18/coronavirus-live-updates.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard


Pence, the highest profile leader so far to receive vaccines. See the glove??!!

Live: Covid updates: Pence receives vaccine on live TV; J&J enrolls participants for late-stage trials
https://www.cnbc.com/2020/12/18/coronavirus-live-updates.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard


Pence, the highest profile leader so far to receive vaccines. See the glove??!!

KUALA LUMPUR: Glove maker Supermax Corporation may get upgraded to FTSE All World Index from FTSE Global All Cap Index, acording to a news report.

Other companies include India’s Adani Gas, New Zealand’s Infrastructure investment company Infratil and South Korea’s Shin Poong Pharmaceutical, according to a Bloomberg report quoting Smartkarma.


Also the possible inclusion list are Australia’s building products merchant Reece, Indonesia’s candy maker Mayora Indah and Honeywell Automation India.

FTSE Russell is scheduled to announce the results of its semi-annual index review on Feb 19.

Bonds go up because there inflow in money and fund managers are betting that Malaysian economy will do better in 2021 relative to the US and other primary market. Their Covid situation is worse. That is why. So it has no correlation to glove stocks.

This mangkuk swagger doesn’t know what is he talking about. Emerging market is expected to outperform the US in 2021. That is why USD is trading lower against MYR. EM countries are expected to keep covid under better control than US.

This is biggest news of the week!!

https://www.thestar.com.my/business/business-news/2020/12/18/supermax-may-get-upgraded-to-ftse-all-world-index?fbclid=IwAR1VFHkZEJf1Ut_YR_CNWDgBXY0VE3GZMBBQZrLBvQMto2Z59stoNRB0FwI

https://www.channelnewsasia.com/news/world/health-worker-in-alaska-had-serious-allergic-reaction-after-13786418?fbclid=IwAR3l4n9DDs1GHCeHazvB9FY6jDmzmxQ1vsvj7LtnE8pndmkNkUoCc7Hzybw

To who shout sell.. see how Public Bank is doing..so where to run??

Yes all we need do is hold. This was a cheap sale that may not come. Stock market is where wealth is transferred from the impatient to the patient ones..

You see, Malaysia you have an industry that is booming. 65% market share but local banks are obsessed with mkt cap ranking in Bursa. Conspiring with foreign bank like JPM and short the stock. Making it look like a pariah stock now. SC Bursa, Bank Negara also has done nothing to promote this industry. Why are we the taxpayers are even paying for these agencies? What have they done to lure foreign investors to invest here?

Instead, they also play blind to the manipulation.

You just saw PBB’s report. They are still trying. These IBs are morally corrupt. Malaysian banks are trying to screw an industry that donated 400m to the government during a difficult period

Public Bank, EPF and all other banks have moral obligation to support the one industry that we have 65% world market share. Topglove must improve and MOHR must ensure monitoring. But for IB research to downgrade based on tht is wrong. When you downgrade, it must be based on earnings capacity. ESG issue is a governance issue which will be handled by the government. Dont just because of personal vendettas, you suppress the share price. EPF is still in it. Technically rakyat’s money is invested in gloves.

But they cant do this for long la. ESG issues done and the company is improving. Its like old news circulating again. Topglove was targetted mainly due to big talk by TS Lim. But that phase is over.

Now market will have to focus on earnings.

Haha.. it is very obvious Bankers are ganging up against gloves. They have media with them too. Banks clearly wants to teach TS Lim some lesson as it was widely reported that Topglove wants to overtake Public and MBB.

You be patient. EPF sold but bear in mind that EPF also allows fund to manage their funds. The PSS is a IB game. They gang up together to create selling pressure. Now they will press it rangebound and not allow prices to spike because that would make them lose money. Once enough buying done, prices will move.

This is true when they short good fundamental companies.

Now they are testing waters. Can they push it down more or there will be a rebound.

As retailers, we just hold it at current levels for next few days. Buyers will come.

If you sell now, you will find that it is a bad decision. It is matter of time short sellers need to pick up the shares. They are already buying back. You can see reduction in net sell positions from previous levels.

PSS was allowed on 7/12/2020. That is why JPM report followed after that. To compound selling together with EPF. Now if the share prices consolidate here, they will have to buy back whatever they shorted. Thts short selling.

That would fall under PSS and not RSS. And net short means, they HAVE sold the shares and not waiting to sell. Now they have to buy back to lock profits.

Demand for those mundane but essential items is soaring because of the surge in COVID-19 cases, and it will grow again as the vaccination campaign escalates. But 11 months into the pandemic, the US has not solved PPE shortage https://www.latimes.com/politics/story/2020-12-16/column-why-the-u-s-still-hasnt-solved-its-mask-and-glove-shortages


Clearly vaccination needs gloves and it’s running short in the US

There’s been some good news about the pandemic this week along with all the bad: A first vaccine is being rolled out, and another is on the way.

But a long, hard winter still lies ahead, and we’re facing a serious — and completely avoidable — problem: Healthcare workers once again don’t have enough of the masks, gloves and hospital gowns they need to protect them while they treat COVID-19 patients.
Demand for those mundane but essential items is soaring because of the surge in COVID-19 cases, and it will grow again as the vaccination campaign escalates. But 11 months into the pandemic, the US has not solved PPE shortage https://www.latimes.com/politics/story/2020-12-16/column-why-the-u-s-still-hasnt-solved-its-mask-and-glove-shortages
17

There’s been some good news about the pandemic this week along with all the bad: A first vaccine is being rolled out, and another is on the way.

But a long, hard winter still lies ahead, and we’re facing a serious — and completely avoidable — problem: Healthcare workers once again don’t have enough of the masks, gloves and hospital gowns they need to protect them while they treat COVID-19 patients.
Demand for those mundane but essential items is soaring because of the surge in COVID-19 cases, and it will grow again as the vaccination campaign escalates. But 11 months into the pandemic, the US has not solved PPE shortage https://www.latimes.com/politics/story/2020-12-16/column-why-the-u-s-still-hasnt-solved-its-mask-and-glove-shortages

https://www.malaysiakini.com/news/555568


Pfizer having manufacturing issues

No worries bro Agjl.

Short selling will only work when there is slew of bad news. Its a trick that cant be repeated long. This time it was a fantastic opportunity for shorties. but when it recovers they need to quickly buy. Don’t worry shorties can work well if the company is a good company

Usually transfer of shares to invesfment holding company is for estate planning where they set up private or family trust. It doesn’t change a dime that they are still the controlling shareholders