I suspect foreign funds are buying while local retailers are selling. No real cause of concern. Buy the dip.

what's with the afternoon drop?

Old version is much more compact and less flashy. If it's ain't broken, don't fix it!

Tech has experienced major correction. Of course we cannot rule out further corrections, but quite safe to buy the dip. Good friend rr88 wants it at below RM2.00. Saya pun mau.

This counter one day top gainer, next day top loser. Now top gainer, lol!
Decide to buy a few small lots and see how it goes from here.

While the world is recovering from the pandemic (China still working on zero covid), the war adds into the uncertainty. Still Genting do have a future and will rebound once these things get sorted out. So whenever it drops, good chance to add.

Also banking is currently doing well. Quite stable too. If you don't know what to invest, park some money into banking. My banking (MBB) currently outperforms most of my other counters, how sad...

Not worry about Greatech (and other tech) dropping. Already below 50% from previous high. On the other hand, more worried about plantation and other commodities counters, maybe bull switch to bear soon, lol!

@titan3322 takpe sudah miskin gileer. I oredi took some profit from Taann, now only left some untuk main-main. Naik turn pun tak kisah.
Ini bull nobody can predict, now with the war, bursa merah macam air sirap. Tengok profit ambik profit. Besok makan nasi lemak boleh tambah ayam.

aiyoyo, tech day day drop

@titan3322 We are all riding the bull here. The ride is going to be very rough. Taann price climbs when CPO price climbs, and falls when CPO price (is expected) to fall. If you can't handle the ride, climb down and take profit, no harm with that. Risk takers will continue to ride. Just like glove mania, some take profit very early, some take huge profit later, and some ride until the whole thing came crashing down.

@raja3313
I am no sifu, just a small ikan bilis. But EPF frequently buys and sells the same counter on the same day to generate some liquidity. You follow EPF trading pattern you end up paying some money to Bursa. Instead, study the company's fundamentals and direction of the industry.

Interesting, today Harta tops the chart, and many glove counters up

We expect ASP to fall, but utilisation rate should improve (Harta last QR utilisation rate of 52% was disappointing). From topglove QR, market expects glove companies to go back to precovid profit range. Exactly at what level we don't know. To me a good outcome: above 150m, so-so: 120-150m, bad: below RM120m. Harta's price level is at lower range of precovid level. So my guess is that anything below RM120m will trigger another round sell-off. Let's see in 2 months time.

With BN win, very likely will see an early GE15. On the other hand, Ismail Sabri may end up with the shortest PM term, lol!

Why can't we have a fixed election date (like in the US)? Like that no need to speculate when it will come.

@EatCoconutCanWin I average at 5.02. If I want to cut now, I can cut some. But I don't have any use for the money. Not a counter I particularly liked. If I find a counter I really want to invest, within a month or two, I can slowly switched to the preferred counter.

Before cutting, make sure you have a plan on what to invest. When you cut is up to you lah. I believe Greatech may reached RM4 sooner or later.

When deciding on whether to hold or sell Greatech, it depends on how much you have in your overall portfolio. Right now, Greatech is less than 10 percent of my portfolio (used to be 13%, lol!), I can wait it out for years and not worry too much even if it goes bankrupt. However if you average down and find yourself with 70-80% of your portfolio in Greatech, very likely you have overbought this counter. 70-80% of your overall portfolio is tied down to a single counter if you intend to keep it for long term. I don't know about you guys, but I don't sleep well with such a portfolio.

What to do now? Look for opportunities to pare down your portfolio. Sell a small portion during a rebound (very likely at a loss), and slowly adjust your portfolio until you reached your desired ratio. Take your time because rebounds will come sooner or later.

At this point I rather take advice from my toddler than from KYY. She tells me to buy Harimau Bank.

Puts out article, "TDM best plantation stock to buy"

Reads comments

Oh s**t!

Puts out article, "TDM's poor track record," don't buy.

I think Lim family is actively supporting Kossan's share price. Wish Harta boss would do the same, but perhaps they may have a better reason.

I used to hold Topglove, but I wasn't too happy with the direction that Topglove makes (sbb at RM6, HK listing, and others) Supermax is cheap but I am worried about CBP ban. Kossan and Harta are my top picks, although expect price to downtrend for at least another quarter or two.

Right now of the top 4, Kossan performance was the best. Sure all 4 were downtrending, but Kossan did managed to keep price relatively stable.
Hindsight 2020

Yeap. Should have sold it on yesterday's closing. Not too happy with price trend in the past 4 days.
Still a very solid company. Remembered trading around RM5 (before share split) around late 2019. That's more than 100% gain at current price.

@YourQuirkyWays29 Yes bad sentiment from HK listing was a factor, but I think lower net profit to shareholders and smaller profit margin plays a bigger role in the recent sell-off. There is little indication that Topglove profit will rebound the next quarter, since we expect ASP to further decline. I think it also puts a pressure on Harta because the market now expects Harta to be at the lower range of the pre-pandemic profit level.

Still planning to accumulate Harta when I have the spare cash. Hopefully Harta can maintained a respectable profit margin at these uncertain times.

Really liked this company...but at current selling pressure I will take small profit and reenter when price stabilised

Topglove report shows that its profit was on the lower end of pre-pandemic levels, which causes price to fall (price before QR release was on the high end before the pandemic). We don't really know if Harta can maintain pre-pandemic level profit. So in the next QR if profit is higher than prepandemic level, expect a rebound. Otherwise expect a drop similar to topglove.

Hopefully in the coming months, ASP stabilise and utilisation rate increased.

Agree. Kossan is doing decent despite current squeeze on profit margin. Of the Top 4, Kossan was able to keep price relatively stable.

If TG trade between RM1.00-1.20 in the coming weeks, then the market expects next quarter profit to also fall, which is quite likely if ASP continues to decline. Let's see how the market reacts.

Okay I was wrong. A good chunk went to sukuk.
Expect Topglove price to trade below RM 1.50 in the coming days or weeks. Not a good outcome.
>>>>

RM87.6m

worse than some of the pre-pandemic quarterly results..

PAT of 102M... went straight back to pre-pandemic levels. Cepat leh.

Will be monitoring afternoon activity. Hope QR not too bad. If red inkambing another round of bloodletting.

Downtrend for the past two days was too fast, everyone rebut-rebut exit this counter. Now everyone rebut-rebut masuk balik.
If you don't believe in tech, sell during rebound, don't rush to sell when everyone selling. Kena pijak sakit tau.
For me I'll hodl like a r*t*rd. I like this stock.

QR out? How come IB already made recommendations?

Past few days directors keep buying, no need worry.

Price is good, come come drop some more. I waiting to kollect.
Best time to buy was in late 2020. Now also not too bad. Operator, kasi kaunter press sikit...

my biggest regret is not allocating extra funds for these occasions. Now is best time to buy, pretty much any counter. Tengok sini-sana harga manyak murah, tapi pocket kosong.... :(

Topglove QR tomorrow? I predict most likely a sell-off (Harta reaching RM4 real possibility). But if result better than expected, may finally see some rebound.

Takut apa. Harta diskaun murah. Tapi no money average down, semua kaunter jatuh, tak tau jual yang mana.

Sit tight and enjoy the ride, downtrend continues. For those averaging down, hope you will not be needing the money soon.

@monetary my approach to investing is very "malas" one (passive approach). I just keep small stakes in each industries: tech, banking, gaming, plantation, oil and gas, commodities, consumer goods, and health (gloves). I just make sure that those companies have a solid fundamental, and are not too overvalued. To me Harta is a well-run company and has a cost advantage over many companies, share price is good too. Right now at current price, it makes as much sense as selling Greatech at RM3. Of course if Harta is no longer competitive, then I will cut my loss.

Passive investing is not too bad actually. Sure I won't get rich overnight (sebab tu miskin ler), but I won't be in deep doo-doo when the bubble in one sector burst. So far my gains from banking, plantation and commodities outweighs the loss in tech and gloves. Maybe next year it will flip, who knows.

This stock is getting more appealing, drop some more and I will consider adding MPI instead of averaging down Greatech.

"Jangan macam gloves sudah lo"

I bought Harta at RM10. Drop to RM6 in 4 months. To me it's worse than gloves. I am no stranger to bad timing :P

Thankfully Greatech is just a small stake of my portfolio and I am quite confident it will rebound soon (when exactly, tak tau).

From RM5 to Rm3, I've lost 40% of my value in Greatech. I am no stranger to large losses, but 40% losses within a month was new to me. I expect a rebound soon if not tomorrow. Besides Director are buying up since RM4++ gave me some confidence. I am holding all mother, just be patient, no rush.

@EatCoconutCanWin Ask for loan just to average down Greatech? Seems like a pretty risky decision, especially not sure if rebound tomorrow. But again your money your decision.

Because of war, today most counters kena press kuat2. For those with deep pockets, today is a good day to buy (or maybe tomorrow, who knows how long this downturn will last).

The market uncertainty, i.e. "we will never know for sure" is probably the best justification to buy or average down in batches. Because we will never know for sure when prices will rebound (maybe next quarter, maybe next five years). If we have perfect (or even very good foresight), we could have time our purchases and save a lot of hassle. In hindsight, I shouldn't have purchased Harta in 2021, lol.

@observatory Thanks for the background info on Mr. Liu. In that case, it is probably more of a personal view than a calculated business decision. To my knowledge, within the CPC, there is a shift towards taking a more neutral stance on the Ukraine-Russian conflict. So even a pro-Ukrainian stance would not draw as much flak as a week ago. Nevertheless there's the risk of pissing the wrong people. Good for Mr. Liu for taking a stance he believes in.

what I learned from averaging down my glove portfolio is do not average down with the money you cannot afford to lose, because the price may end up trending lower. Also if you end up with too much Greatech in your portfolio, try and find opportunities to sell some when price rebound. take small profit is better than no profit. I got no spare cash and got no intention to hold more Greatech, so I leave it unchanged.

Today market no good. Sure tech no good, but all other counters are not doing too well either. If want to sell or cut loss don't sell at lowest, be patient and wait for rebound. Even for gloves, rebound happens quite frequent.

In hindsight should have sold off and buy later, but now just wait until for price to stabilised. Takpe sudah miskin :)

Quite surprised with Intco Medical's boss statement. Silence implies implicit support for the Russian government, which may not be good for business since most countries are moving in the opposite direction. Express support for Ukraine is also risky because may incur wrath with the local officials and the public. However right now in the Mainland, there is a growing movement towards supporting pro-Ukrainian sentiment. Even some officials prefer a more neutral stance. But still I don't want to be in his shoes, must be a difficult decisions (even if it is a personal decision).

For months this fox has been promoting all kinds of steel counters, then suddenly informs his readers that TDM is his largest investment. Readers who take him seriously should contact me first. I know a way to earn 1 billion ringgit, but you must first wire me 10 million first, no questions asked.

Hello, just stop by to call out this Natsuko fella. He has been trolling gloves and tech counters, persuading people to buy Dnex. Even some people in Dnex is frustrated with his antics. Next time just ignore him and report this naughty fella.