JN**, I heard too. Sumatra discovered a Green Leafy Vegetable cure Covid

Sam Sung BLUEEEEE Hahahaha

With increasing capacity even with a 25% Net margin, we should see incremental Revenue and Profits

He's paid by the IB to promote INSAS and push down Gloves

The IB desperately wants people to sell to cover their Net Short Position

For all the Bullshit about Vaccines curing diseases. Which Vaccine has cured any disease 100% ? It's good for Vaccine producers. That means it's good for Gloves.

Sinoboy, that's right. Right now, retailers are living for the betterment of the IB's. So it appears. Come on people. You know where the Problem lies. Take up the issue in Force. Let's make a difference.

@BenTan, very detailed information. Appreciate the time and effort you put into collating this. Cheers.

mf, KLSE moved to New York ?

We don't doubt our own assesment nor our judgement. We also don't doubt that the IB's are screwing us for their own misdeeds.

keyman, you're definitely a typist for the IB. You don't have to preach about the Glove Sector normalising. Trying to make the IB look all ethical and intelligent. THERE'S NOTHING WRONG WITH THE GLOVE INDUSTRY. The only thing wrong is the IB. Bloody Crooks

Ofcourse the IB will revise TP down now. The Warrant expiring mid Jan has an Exercise price of RM 1.96

@moshi, you bet. Wonder what happened. Did the weather suddenly change?

Hey glovefinish, obviously you think Glove is finished. Mind telling us why you're still here ?

Exactly, whoever said life was fair. Applies to the crooks too. There's no perfect crime, ever. They've made enough over the years skimming off the poor retailers. Time for a change.

We are not responsible for the IB making or losing money. Why issue the Warrants if they themselves have have such great risks to it ? And then come up with some cock and bull story to tell US, the people who have nothing to do with WARRANTS.

Mkt_watcher, Whether the IB hedged enough or not is their Problem. Not Ours.

A graph of the Warrant Exercise prices for Supermax & Top Glove(Dec & Jan '21):

https://imgur.com/IieokEq

A graph of the Warrant Exercise prices for Supermax & Top Glove(Dec & Jan '21):

https://imgur.com/IieokEq

Hahaha @Toneefa....Procreate

bpsiah, here's a refresher. Attached are links to the list of warrants.

All you have to do is tally the Exercise prices & Expiry dates with the Share price on those dates. I assure you the graph pattern will look EXACTLY the same (Factor in the ratio).

The following is a list of CFD's ('Structured Warrants' as they are called ONLY in Malaysia)


In the Money:

https://imgur.com/cEk679H

Out of Money:

https://imgur.com/KVsaLxJ

If the Investment Banks think that issuing CFD's (Structured Warrants) is not the cause for all this UNNATURAL & ILLOGICAL price movements and ridiculous analysis, show us the Balls and stop issuing these Warrants. Let us see what happens and then let us, the people decide.

Please know that a whole lot of us, investors including me, have nothing to do with these warrants. Therefore, why should we have to be told about the IB Hedging or Cornering or Skidding ?

Bloody ridiculous.

bpsiah, And we are supposed to be worried whether the IB will lose money ?

I DON'T THINK SO !

@Market Watcher @ Sinoboy @ Toneefa

Not just the IB, No one foresaw the Pandemic.

That does not give the IB the right to make the Entire Investing Public responsible for their gain.

I still say, BAN STRUCTURED WARRANTS. It will save a Ton of people from a lot of pain.

Just out of curiosity, how many of you actually trade in Structured Warrants ?

I don't know how many will want to hear this but then....

Please DO NOT SHORT SELL when IDSS is opened. The IB will wait for you to sell down and cover their shorts

Keyman188, I doubt anyone here trusts the Analysts anymore. So please save that data on your hard dik....Oops Hard Disk

I forgot to mention. The opening of IDSS is also a great opportunity for IB's to cover their Net Short Positions.

Hi BenTan,

Should'nt the Booking of revenue & profits be at the time of Raising the Invoice ? Given lead time of 510 days for NBR & 340 days for NR, 510 days equates to 5+ quarters & 340 days equates to 4 ?

@Agjl, one perspective could be a good opportunity for the IB to buy into the retailer Shorts and sell back to the retailer at higher prices. We must remember the retailers don't have the capacity of the IB's and tend to easily panic. So small losses and they'll cover their shorts.

This could lead to a cycle of buying upwards. However, the IB's will necessarily keep prices within CW levels.

Small tidbit. Someone mentioned that some warrants are Cash Settled.

All warrants not issued by the company on Bursa are " European Styled Cash Settled" Why European ? Because America does not permit CFD's.

My question is:

" Why should a company's valuation be determined by some Warrant ? How is that considered fair practice ? "

Crazy logic. If there are 95 million Net Short Sold shares. They need to buy back to cover. I challenge any big operator to raise the price by RM 1 and hold it there. You'll see the IB scampering to buy back

Sad that no one feels the need to raise their voice against something that everyone knows and accepts is the biggest impediment to share valuation. Very Sad.

One thing we should all be glad about... The naysayers have all openly accepted that the IB are MANIPULATING prices because of the Warrants.

When expected earnings are kind of known and so high, the payout on Warrants could destroy some IBs. My personal view is let them burn. But that's why they keep spewing ASP drop, Over production, Problems with foreign labour etc. Just the sheer number of paid typists is enough proof these guys are shit scared

@Toneefa. You're right on all counts. I don't have the data on Supermax Warrants yet, to be able to comment. The reason why the Warrants are a huge difference is the TP you mentioned. Everyone in stock markets should know that Companies earning like the glove counters should be able to get higher PE.

@GrowingRich, that I totally agree. Not just tired but reality. Recovery is slowing. There're structural changes happening in global trade that will impact Businesses into the next fiscal year. Stress will show.

Which world are we living in ?

Let the valuation happen as the company progresses. What gives an Investment Bank the right to Pre-Determine the share price. Besides, they collect money on selling these bets. Which they use to supress prices.

@Toneefa, you'd be surprised. There's another 30 Warrants on TG from now till 3Q 2021. So far. Some later ones do have a slightly higher Exercise price but is that to say, the value of the company 3 quarters from now is determined already by the IB? And they get paid to do that ?

@ToneeFa bro, do check again. There are fresh Warrants issued very recently. This will go on and on and on. Share prices are supposed to reflect the value of a company from time to time NOT the Warrants issued by some Investment Bank

I gather that none of you want to hear this again and I won't repeat. IT'S ABSOLUTELY IMPORTANT TO STOP THIS BUSINESS OF STRUCTURED WARRANTS

Guys, I urge you to take a step back and think. Whatever we analyse means nothing. The price will move according to the Warrant Exercise price, Expiry and the number of Warrants the IB has with themselves.

Sorry wrong room.

RHB Warrant VWAP started yesterday. CIMB coming soon. These IB's are the leeches of the universe. They should be brought under climate control laws

BURST GLOVE, YOUR CONDOM BROKE THE LAST TIME YOU FU***D ?

BULLSHIT !!!

Too late for what ?

I don't know about you guys but my idea of a stockmarket and share price is that as the company grows in value my investments will also grow.

I don't like what is happening here on KLSE. Why would anyone want their hard earned money to be manipulated and sucked away by some Investment Bank. They should stop being called "INVESTMENT BAMKS".

Find another name for these LEECHES.

pdchs, do you or anyone on this forum have control over that? The IB's that issued the warrants decide that./ Why are we even investing on KLSE. Crooks. All of them.

Retailers are always kept in the dark about the really essential information.

What does the SC mean then by saying " An informed investor is a protected investor" ?