It is no doubt the national and worldwide economy is going to recover gradually in next year as predicted by World Bank and all international analyst institutions where there are a lot of economists and expertise in it although the pandemic not come to end yet might be under control in next year.

When companies in loss now recover to profit later or in low profit now recover to higher profit later, all the ibs would upgrade their status and target price that to push up the stock market price like what happened in Singapore and China now in which its economy is recovering because pandemic there are under control even not to the end yet. For example, Singapore ibs recently upgraded Genting Singapore from hold status to buy status that pushed up the stock price.

The economy is expected to recover gradually in 2021 and much more or full recovery in2022 as predicted by all the analysts, local and worldwide ibs even though the pandemic not to the end yet but under control in these two years. Thus, recovery theme would keep on for a longer period at least in 2021 and 2022. There is a long rally for recovery counters.

Although u see most of the companies getting loss or having low profit in this year but they are foreseen recover to gain profit or increase profit in next two years due to worldwide economy recovery as predicted by World Bank and international ibs. Remember stock investment is forward looking to the future and not based on currently happened or happening. Those invest stocks based on happening or the past are always trapped to become the last ones remain keeping the stock and the ones who go against market trend.

Pandemic will not end so soon. This is just your own idea only, not the idea of most people. It's opposed from most people consensus that forms the market trend. Most people anticipate the ending of pandemic and economy recovery that form the market trend to recovery counters. U all go against the market trend.

Furthermore, big players need to have issues and topics for them to goreng the stock. At the moment no any issues on glove stocks. The super profit of glove companies and its possible profit increase in next year already within people expectation, everyone realise it, can't be the issue or topic for them to goreng attack people to buy. Some more glove counters are in negative sentiments caused by vaccines and most people anticipation of ending pandemic and economy recovery. With such negative sentiments on, big players find difficult to goreng it to attack people to buy.

Geek2020, go to see the candlestick chart and homily chart that can search from google and YouTube. It indicates that all the glove stocks including supermx are currently full of retailers without big players in it. Big players already just moved out from glove counters and sold off all their stocks to retailers at current price range, they won't come back so fast to goreng push up the price let u all trapped retailers to sell back to them. Usually after a super bull over like what was for the glove counters would need a long time may be after one or two years for the big players to come back for next bull.

When a stock is still full of retailers in it, big players would not be back. When retailers all panic sold off their stocks and disappear, means the stock price dropped to its bottom level become very quiet, less sellers and less buyers then the big players may come back for another bull because with that they find easier to manipulate the stock trading. Now all the glove counters are full of retailers still in fever and heat, many trapped ones waiting to release themselves, big players know that won't come back to goreng. Wake up, don't dream, don't blindly imagine, think it logically and to be realistic.

The good fundamentals (strong gloves demand, high asp and super profit) u see now for glove stocks would only able to last for one or two years the most until 2022 as predicted by ibs. After 2022 when the pandemic over, all its good fundamentals u see now would disappear that leads to normal profit can't support its current high price level, then ibs would revise the target price of all the glove stocks including supermx downwards pull down it's market price. Prior to these, all funds holding glove stocks in portfolio would sell off it ahead of u. U all as retailers always the last ones to be alert.

The performance of all glove companies are now at the peak or near to peak. After the peak, it's followed by down trend that might happen after 2022 when WHO announce the pandemic come to the end or under control. Prior to this, any good news of vaccines effective control the pandemic would also lead to further selling of glove stocks and drop of price. Then, your glove stock portfolio would become expensive later. Good luck to all the glove stock long term investors.

No momentum in glove stocks including supermx. After only one day minor rebound, it drops again. That's why no bull, don't expect it otherwise u all glove stock lovers would be disappointed. U all are now very frustrated because being trapped at high price and just try to find whatever reasons and own ideas to defend your portfolio to give yourselves confidence in holding it hope for the bull to come back. However, the glove stocks price would further drop again for another new vaccine Moderna coming soon. Ibs are now selling off their stocks to manipulate price, they are not buying. Those be trapped at high price refuse to cut loss prepare to keep it as long term investment wait for another new pandemic to come. Good luck.

U see glove stocks now are undervalued just because its price dropped to low level as u think but its company making super profit. This only appears at current time but one day later it might be overvalued when its company is no more super profit and go back to normal profit after one or two years after the pandemic over.

The good fundamentals u see now for glove stocks might not be forever. Can it last for number of years like 5 to 10 years? The good fundamentals u see now may be just appear for one or two years and then disappear after the pandemic over may be after 2022. When its good fundamentals disappear, its target price would be revised downwards by ibs and its market price would consequently drop. The glove stocks u holding now at current price as long-term portfolio would then decrease value to lose money.

Usually ibs would release good news or raise up the target price to build up confidence of shareholders and to attract retailers to buy when they intend to sell off their stocks to open market. Don't believe so much on what they said and what they set, invest on your own decision follow the market trend see what thinking of most people in the market observe any changes and development in the world, to react fast, be ready to change portfolio if anything goes unwell.

Don't expect bull will come back to glove counters with so many negative market sentiments on it, the continuous manipulation by ibs for a lot of call warrants on glove stocks pending to expire in 2021 and the coming of more and more new vaccines. Furthermore glove stock price would drop further if vaccines are found to be effective control the pandemic after some time later even though the pandemic can't immediately end as it might need some time to the end. Anyway, there are still chances for smart investors to make money from its short-term price movement. Good luck.

Although the glove stocks are now on its long-term down trend as indicated by candlestick chart, homily chart and some other analysis chart that derived from google and YouTube, smart investors still able to make profit from its short-term price movement because usually would have rebound after the price deeply dropped. Consider to buy when price drop deeply and then sell off at its rebound. There are chances.

Vaccineneedgloves, don't worry, all glove companies still able to enjoy super profit until 2022 as predicted even though vaccines have been created. Moderna vaccine is going to get its approval soon estimated on coming Friday, prepare for the possible price drop of glove counters again after its rebound on these days.

No need to argue whether the glove stock price will further drop or not when the pandemic over because this is out of your control, it depends on the funds and the retailers who are still holding glove stocks at that time whether they want to continue holding or sell off. If they select to sell off, the market would determine the price that u can't control and have to accept it. Let time to prove it. We just wait and see.

Using gloves for vaccination won't stimulate funds and big players to come back. U all just take it for shiok shiok sendiri. Nobody would bother and look at it.

U all guys don't want to accept the reality of glove stocks in down trend now and only try to find whatever reason to defend your portfolio and keep on dreaming the bull will come back to it, never refer to investment tools like the candlestick chart, homily chart and others that can derive from internet for investment analysis. U all just blindly thinking with your own opinions not matched with the market trend and opposed from the market consensus on glove stocks, away from reality.

U all always talk about vaccination need to use gloves. Even it's true, can it change the market trend and sentiment? Hot money including funds and big players never bother and never look at that, only u all guys use it as reason to defend your portfolio. Vaccination using gloves won't be the stimulus for them to come back goreng glove counters. They only focus on the stock price, market trend, any issues arise favourable for them to goreng.

Top Glove's executive director and EPF trim their stakes further

KUALA LUMPUR (Dec 14): Top Glove Corp Bhd, whose share price slid 8.7% to more than a five-month low of RM6.30 today, saw its executive director Lim Cheong Guan and Employees Provident Fund (EPF) dispose of more shares on the open market.

A filing with Bursa Malaysia revealed that Lim sold a total of 670,000 shares worth RM4.67 million between Dec 9 and 11.

He sold 50,000 shares at RM6.84 on Dec 9, 300,000 shares at RM7 on Dec 10 and another 320,000 shares at RM7.02 on the following day.

Prior to the latest transactions, Lim also sold some shares in October. He sold 200,00 shares at RM8.79 and 30,000 shares at RM8.98 on Oct 26 and 27, respectively.

He also disposed of 380,000 shares in the price range of between RM8.05 and RM8.09 in September, and 135,000 at RM14.94 (pre-bonus price) in June.

Lim is left with some 257,800 shares or a 0.003% stake in the world's largest rubber glove maker as at Dec 14.

A separate filing showed that EPF continued to trim its stake in Top Glove, disposing of 3.42 million more shares on Dec 9 after selling 12 million shares on Dec 8.

It started to trim its stake in the glove maker towards the end of November, just two months after it re-emerged as a substantial shareholder on Sept 21 with a 5.05% stake, which it later then raised to 6.63% or 534.31 million shares as of Nov 20.

Following the latest disposals, the provident fund's shareholding in Top Glove dropped to 430.24 million shares or a 5.37% stake.

Top Glove's share price has been on the downhill since the outbreak of Covid-19 at its worker dormitories. The stock sank 60 sen or 8.7% to RM6.30. Its market capitalisation stood at RM50.53 billion.

Still, the stock has gained 306% from the first trading day of the year when it traded at RM1.55.

Topglove: Sell or Keep?
Author: abang_misai Publish date: Mon, 14 Dec 2020, 2:57 PM

Pertinent question, i.e. sell or keep?

Lots of negative news in the pipelines. Worms in the cans now exposed. Competition heating up. Vaccine found.

My Take: When others are so fearful, we should be more fearful than them. This is because what were highlighted in the media were real matters.

If we don't run, we are actually permitting others to sell ahead of us. When the price crumbles, all will eventually be running.

Remember last time when dropped to $7 it rebounded to about $9.10 now drops to even lower than previous level $7. That means it becomes lower bottom level and even it rebounds would be lower upper level in the long-term down trend.

Tomorrow no big rebound if have only a minor technical rebound then drop again because people and big players are still selling and ibs tend to press down the price.

Do u think the big players and funds are so stupid come back to glove counters to goreng push up the price let u all retailers sell to them that they become the last ones to collect and hold glove stocks in next year when the pandemic almost come to over? Big players and funds know they can't come back to glove counters in next year because they can not release all their glove stocks holding in last minute near to the end of pandemic. They are very smart not stupid.

RealTrader, shiok shiok sendiri. Do U think what u said can change the market sentiment and market trend ? Don't dream.

The super profit of glove companies and its further increase of profit for next 6-9 months are all within people expectation which is no surprise to market that doesn't not stimulate market sentiment on it, furthermore people have thinking about these super profit is on the peak or near to peak, and it later definitely would drop back to normal profit after pandemic over that is more focused by people. This is the consensus and thinking of most people and funds that form the market trend. Even u not agree with it, u still need to accept it.

Whether u accept or oppose the market trend now, u all as retailers are just the followers can not influence the market and have to take up the consequences of glove stocks selling by big players and funds and also the truth of glove stocks down trend now.

CharlesT, people and funds selling glove stocks now on reality of super profit earned by glove companies and move funds to buy recovery counters on foreseen economy recovery in next year that the companies suffering loss now would recover to make profit in next year. Remember the stock market characteristics is to buy on foreseen future follow the market trend and sell on its reality.

The glove demand is so great, the company profit is so supernomal but its stock price is so dumped, so many people and funds selling. Why hal ? This is called sell on reality.

When u buy at limit down, it would further limit down until u finish bullets.

U all guys always talk so good so good for the company, why so many selling including the funds why they sell, why they don't hold tight wait for its recovery.

Don't look at the target price, it cheats u. It is unable to reach because no bull. The bull is already over, it's now down trend with some minor technical rebound only. The price would be pressed down further after the rebound. Nobody knows where the bottom is. It may be <$7, <$6, <$5 or even <$4.

People buy recovery counters now with foreseen future that companies would recover to profit or higher profit due to economy recover as forecast by all the analyst institutions worldwide even though they are making loss now. Buy stocks on foreseen future and not based on current things happened or happening. Only people buy stocks based on current or the past would always lose money because they buy in opposite from the market trend.

There are a lot of warrants attached on glove stocks to expire in 2021 with manipulation from ibs press down the glove stock price. Once all the warrants finish expired, economy would be seen to recover in next year that people would focus on recovery counters and less people look at glove counters, thus no more bull for it in 2021. Prepare to keep glove stocks for long-term until next new pandemic to come. Good luck.

Kossan is going to break $5 down soon. Same for supermx going to break $7 down later.

The more u buy now the more u be trapped as the price going down and down in the its down trend. Nobody knows where the bottom is, when it will up again as most people abandon and go away from it, the market sentiment is not with it.

It would go down much again and again.

Ibelive, I don't have any vaccine related stocks but I have Genting bought at $3.10 now up to $4.67 and CIMB bought at $3.20 now up to $4.45 and other counters like Gamuda and DRB all bought very low price at its bottom part now are making good increase of value. I remember u told u have also bought CIMB when its price stood at about $3.90. Is it?

Nowadays the negative news on glove counters including the downgrade by J.P Morgan, the approval of vaccines from US and China coming in few weeks time would have adverse impact on glove stocks. Furthermore, there are a lot of warrants attached on glove stocks waiting to expire in year 2021 that the ibs as issuer of these warrants would try to manipulate press down glove stock price. The investment trend changed to vaccine related and recovery theme causing hot money, funds and big players move out from glove counters into vaccine related and recovery counters.
With this negative sentiments carry on in 2021, do u think anymore bull for glove counters in 2021? Without hot money and big players in it and only supported by all the retailers, the glove stock price cannot rise much for any rebound. From time to time there are retailers, funds and big players selling to press down the stock price, how much money u can put in to average down your stock holding price. Why not u sell all now at current high price and then buy it back at lower price when it drops severely later.

Whether u accept or oppose J.P Morgan analysis, u as retailers are just the followers must take up the consequences from the act of funds in the market if they adjust and reallocate their funds by referring to J. P Morgan.

Don't forget J.P Morgan is one of the leading worldwide analyst institution that a lot of funds including foreign funds are to refer to its target price and analysis as base for adjusting and allocating fund for investment.

I have been telling all these here with aim to share the opinion with u but all the glove stock lovers are so keen, so loyal and so grazy for it, no one to consider the sincere opinion. Now is not late, still the time to run before its big collapse later due to the selling from funds. Better to have a little loss now than a big loss later.

With this news, I think all the glove stock price would further drop to lower level. The glove stock lovers should prepare bullets to collect more on coming Monday.

The above is derived from google.

The US Food and Drug Administration (FDA) vaccine advisory panel has voted to give Pfizer's coronavirus vaccine emergency approval.

In a 17 to four to one vote, an FDA panel is recommending the agency give emergency approval to the first coronavirus vaccine in the US

Now, the FDA itself will have to accept the committee's recommendation and Commissioner Stephen Hahn will have to sign off on the emergency approval.

Officials typically take the recommendations of these expert panels, and the FDA is expected to authorize the shot, perhaps as early as tomorrow - but there's no guarantee the final verdict will come before the weekend.

Peter Marks, director of the FDA's vaccine arm, said it could be 'days to a week' between the committee vote and the FDA's decision to give actual authorization to the vaccine.

Once it does, Pfizer's vaccine could ship to every US state and territory, escorted by U.S. Marshals, within 24 hours, Operation Warp Speed Officials have promised.

After nearly nine hours of deliberation on Thursday, 17 members of the Vaccines and Related Biological Products Advisory Committee voted in favor of issuing emergency use authorization for the first coronavirus vaccine to be distributed in the U.S.

Four committee members voted against emergency approval and one person abstained from the vote.

They concluded that the benefits of the vaccine outweigh the risks for Americans 16 and older.

If the FDA formally authorizes the shot, as expected, the U.S. will be the third Western nation to start distributing a coronavirus vaccine.

People buy recovery counters now with foreseen economy recovery to take place in future and not based on current year financial results. They don't bother the current year in loss or lower profit because all these are within their expectation. As I said buy on foreseen and sell on reality.

Yes no shave forever going down but don't forget its super bull just over that funds, hot money and big players would abandon it for a long time until no more fever and no more heat in it then they may come back for next bull on the new issue again because only by that the glove stock price can be lower as they want. At this current high level they think not low enough for them to come back. The glove stock price may rise again in next new pandemic.

What would have for glove counters now only the minor technical rebound when its price drops deeply but then drop back again to even lower level or may be stagnant at certain level because it's down trend. The more u buy the more u be trapped in it. U prepare to keep it until the pandemic over that it's price would even drop further if it is no bull within this one or two years till 2022. Then, u would find u have bought the expensive glove stocks for long-term investment. Good luck to all the glove stock lovers.

The bull of glove counters at beginning of this year caused by all hot money, funds and big players moved in and focused on glove counters that they moved from all other counters into glove counters but now would be no more bull for glove counters because the hot money and funds not focused on glove counters only but they spread over all the counters.

I think market is fair that at beginning of this year all money gone to glove counters for bull and other counters dumped, now is the reverse that all money gone back to other counters for bull but glove counters dumped.

People buy recovery stocks on forseen and anticipation of economy recovery and sell glove stocks on reality of its super profit now.