Short sellers manipulating?? By bringing down Top glove they hope the other counters will follow but Super going the other way. See 2nd session whether they short sell Super.

Did Tropicana really lost money by disposing some of their shareholdings? It depends on how one looks at the situation. As far as I know Tropicana bought their shares on different occasions and with different prices. Some higher and some lower. I read somewhere the amount sold were in fact higher than the lowest price they paid for a portion of the shareholding. Based on average, yes, they sold at a lost as far as we can see at this point. However, this may not be the final answer because as we all know Tropicana is still holding a bigger amount of the share. If TG price is to increase subsequently much more than their purchased price and if they manage to sell the balance at the much higher price then it is not a lost as we see now. The show isn't finish until the end. My 2 sen opinion.

Thanks Ben for the good writeup.

bullpiano.... best post so far.... US hypocrite

See how US exploited prisoners to fight wild fire below. They were paid as little as USD1 per hour only regardless of endangered themselves to save life & properties. Fxxk CPB of US.

https://www.cnbc.com/2018/08/14/california-is-paying-inmates-1-an-hour... .....

It is all about power and with power US can use the long arm jurisdiction.

Power man.... is all about power.

US thinks they are the best in human rights and others are pariah. Ha ha.

ks55 thumb's up. The video says it all.

Put an American government lobbyist in Top Glove mgmt all will be fine. Ha ha. Ben, thanks for the good write up.

Buying TG at current price of RM5 for the long run is a no brainer. What are investors looking for if not profit and dividends? Even after post pandemic {God knows when} TG will still make money.

Since year 2000 did any analyst projected the earnings of glove counters will shoot up in year 2020 to what it is today? As far as I know, NO. Elek. Ta'ada. So now in year 2021 can we trust these analysts projections for year 2022 and forward? Just take their opinions with a pinch of salt.

Never ever follow these analysts estimation. Their estimations are like horror stories.

Hope all other Gloves companies will follow what TG is doing. This will definitely give an uplift to the share prices of these companies. In fact this will boost the investors confidence.

As long as the profit of a company is given to investors it doesn't matter the Lim's get a huge chunk. Is their rights because they invested in the company and it's shares. If investors want more of the dividends then buy more shares. Top Gloves is indeed doing a very good job in honouring the 70% payout.

At least TG gives reasonable or should I say good dividends not like Supermax.

Most of the IBs give high Target Prices but at the same time they are selling like nobody business. It is obvious otherwise how are they going to sell when nobody buy. Take recommendations by IBs with a pinch of salt.

Thank you Ben for your good write up. Not many can write like you do. Right or wrong there are always two sides to a coin. Some may agree while others may not. One thing I am sure of is Gloves like other counters are here to stay for a very long long time. Happy trading.

Sharemarket21 you are on the spot. Share opinions for our better understanding of the stock markets.

How many companies in Bursa ever declared they will pay you dividends of 70%. Handful or less? For that I have to give TG the thumb's up. It shows they take care for retail investors. Talking about dividends I failed to understand why it has to work as currently where immediately after exdate the share price will drop as much as the dividends given. Why must this be so? Can't the Exchange leave the share price as at the last closing price and let the market decides whatever price after the ex-date? Dividends are bonus for investors but then dropping the share price on ex-date by the equivalent amount of the dividends means the investors are getting nothing...nil. Your thoughts on this guys.

From the day of Bank Bumiputra to now CIMB after numerous corporate exercises and mergers still a problematic bank. Always problem in managing the financial prudently. What is wrong and who bearing the burden? Sigh.

IBs shorting like mad because some Call Warrants are very deep in-the-money. Today is last day for them to push down the prices and hopefully cover much of their losses.

Let us wait for the TG dividends. A good dividend will encourage more buyers to invest in TG and boost the share price. Good TG dividends will also help to uplift other gloves counters.

The objective of investors is to make money. Dividends are money and it is rational to expect returns for their investments.



Posted by RiverOfSilver > Feb 19, 2021 4:57 PM | Report Abuse

It's about being objective, sober & rational

Gloves counters must share out their profits by giving good dividends. For investors, especially the retails, to believe in such counters the companies must declare good dividends. Do not be like Supermx - giving out pittance when making billions. For otherwise, retail investors will run far far away.

What is so proud of making billions when Supermx is not giving out to investors. Now investors not buying the shares.

Supermx is a spoiler in the Glove counters. The dividend declared is very very discouraging and a no no sign for retail investors.

Only downfall for glove is the pittance dividends from Supermx. This is a really discouraging.

Some people claimed it is not due to RSS or CW. I am just of the opposite view. RSS and CW definitely affect the share prices. As to the magnitude of impact on the prices will depend on their market percentage/volume for the trading day. Worst is we don't even know at this juncture whether shorties can cover their short positions via the over-the-counter method instead of the open market.

Thanks Ben for the insightful info. I didn't know that Shorties can do overthecounter deals to square their short positions that were done in the open market. This is really something most retailers will not apprehend. Is this a fair market?

LuckyWinner

What nonsense you trying to say. In your logic tech stocks also cannot buy because a lot of tech used for making bombs etc etc. and bombs are used to kill.

Very interesting

Thank you Ben Tan for the insightful write up.

Most people , maybe 99%, will lose money buying CW.

Supermax mother share now RM6.64 CW C1A RM0.405 and 5 : 1. Strike RM4.50. Negative premium now and last day of trading for CW yet still got buyers. Fail to understand.

Posted by goldenluck16 > Jan 21, 2021 3:53 PM | Report Abuse


IBs losing huge amount of money on the expiring C87 and C88.


You are right. Kossan HB due ITM now. Supermax C1A ITM and HC ITM too.
Glove counters will not move much now. Wait......

All should attend the Bursa AGM and query them left and right. Why allow RSS knowing very well it is only for the benefit of the institutions that manipulate the market.

Everyone knows this is a demand and supply game. If all the Esos and PP owners can hold their horses meaning not selling then AT will definitely move up.

Good write up Ben Tan. As you mentioned Shorties still have much space to do ss. So it looks like there will be more volatility ahead. BTW anyone knows how many trading days short positions can remain open and must be closed?

Fantastic finish.

Thanks Ben Tan. Very good write up and info.

I personally am against RSS. Firstly, it is an unfair exercise for the retail investors. RSS is favouring the big boys/institutions. 2nd, RSS is destroying economic value of many listed companies and retail investors financially.

The way I look at it something is very wrong with our stock market. The authorities must tighten all the rules and sniff out the reasons why our market cannot grow or are there real market manipulators? No wonder our market never grows like others and the KLCI always staying around the thousand plus points after all these years. The KLCI ever touches the 2000 mark or for that matter 1900 mark? I don't think so. Why? Emmmm.........

Rss and idss is an advantage for the big guys to control the small guys.

Retail investors, do take note of the Permitted Short Selling from 1/1/2021. I believe it will affect the overall market greatly.

bpsiah, And we are supposed to be worried whether the IB will lose money ? Morpheus61, No. That is the least of my concern. I am just trying to understand how exactly this thing works. We as investors need to get this thing right so that we invest with full understanding.

To suppress the mother shares price because of the CW issued the IB would need to hold the mother shares as well. If IB are holding mother shares any increase in price will also contribute to their income. So there is no necessity for IB to suppress the price just because the CW is now ITM. Unless the IB bought the mother shares at high prices and ITM CW gain by investors is much much greater. Just my 2 sen