Hopefully some people were able to sell high these few days. Let's see if share price would drop to RM2.7x or RM2.5x level

what is the news? Why up today? Good for EPF to get a better price

I guess its share price may go up in the first minute tomorrow, then it drops later. Let's see...

bonus issue is usually the poison that ends an uptrend. Hope I am wrong in this case

klee, do you know any groups discussing about put?

today is maybe a good day to sell... longer term is still bearish for most stocks. No idea where the bottom is.

To me, any rebound is a sell...

the whole world is down.... Will we see RM2-RM3 first???? If HY drops RM1 one day I will not be surprised.

federal reserve meeting 2 nights in a row starting tonight. Let's see how...

I will sell now (at least partially) and buy back later. Same with Petron

Most likely HY will experience another bad day on next Monday, dragging Petron down together.

Possible below RM5??? It is unlikely but I do hope it happens...

I think it is the best interest of investors to hear both side of arguments to make their own decision. Besides, what we think is not important. It is what the big funds think. The price action will let us know. If the big funds buy, we buy. If the big funds sell, we sell.

QR of these 2 years are going to be good, hope it delivers.

I am able to read the 2 analyst reports below, the annual report and also the latest QR report.

Here is the summary:
We remain optimistic on Guan Chong’s medium-to-longer term outlook with its future growth underpinned by:
i) EBITDA yield improvement as freight rates gradually ease;
ii) recovery in cocoa butter ASP to be bolstered by demand revival for upmarket chocolates; and
iii) overseas expansion plan.

Guan Chong - Solid Margin Recovery Amid Growing Demand
https://klse.i3investor.com/web/blog/detail/rhbinvest/2022-05-31-story-h1624138662-Guan_Chong_Solid_Margin_Recovery_Amid_Growing_Demand

Guan Chong - An affordable luxury
https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2022-05-31-story-h1624138723-Guan_Chong_An_affordable_luxury

Does anyone know the highest crack spread a few years ago when HY was close to RM20?

I did some research during the weekend. Looks like they will get the benefit of their expansion starting next year. Possible its share price will move now. Good luck!

It will not surprise me if KYY has taken position in Petron. I mean... both counters should do well. I think you can have both instead of choosing one only

How should we interpret the info below?

Forward priced commodity contracts 121,752 50,092 -
Commodity swap contracts 306,148 65,784 (25,725)
Commodity options contracts 7,647 - (200,034)
Refining margin swap contracts 291,009 45,186 (339,510)

They are not small amount. Does it mean it will have huge derivative loss again next quarter?

looks like tomorrow morning is going to be ugly...

Sanatan, its share price is not yet below pre-pandemic level while some other glove stocks are below pre-pandemic level. If I were you I would be prudent and sell now because we do not know how many loss-making quarters we are going to see. Besides, those below pre-pandemic level are better value, in my opinion.

difficult for me to trust the projection given at i3 forum

seems to be well supported for now...

I suggest we wait another year to see the impact of overcapacity. We should invest, not gamble. Remember, "no price is too low for a bear or too high for a bull"

News from a few days ago

Pfizer CEO is 'very confident' the company's oral COVID-19 pill will be effective against the new variant
https://www.businessinsider.com/pfizer-ceo-very-confident-antiviral-pill-works-against-omicron-2021-11

BioNTech CEO says vaccine likely to protect against severe COVID from Omicron
https://www.reuters.com/business/healthcare-pharmaceuticals/biontech-ceo-says-current-vaccine-likely-protect-against-severe-covid-omicron-2021-11-30/

Pouletroti, the margin of its Trading division seems very low. Manufacturing division was impacted by lockdown. Workers could not work but there were fix costs that they had to pay (ie salary, rental, bank loan) during lockdown. Many companies have similar problem during July-September and their quarterly reports (QR) are bad but next QR should show improvement.

with the limited information that we have right now, it is a gamble to keep glove stocks. We do not really know for sure for a week or two. Besides, the vaccine maybe available sooner than the last time. So, I think we may not have that kind of golden opportunity like last year.

Did anyone attend the AGM last week? Please share any info. Thank you!

Did anyone attend the AGM? Please share any info. Thank you!

"Despite intense engagement over the past six weeks, we have not seen sufficient progress..."

Management need to answer this. They should have done their best to resolve the issues, die die must do everything.

I would rather they use the money from plantation to expand their EMS business and do not ask money from shareholders in the future.

everyday got big sellers dumping their shares. Retailers are the ones suffering as the share price drops lower and lower. I still think it is better to sell your shares now and buy them back later as its share price is higher than pre-pandemic. Better be prudent as revenue and profit are going to be ugly in these 2 years. If you do not sell, other sellers will especially those big sellers. They have been dumping their shares non stop for almost a year now and it is still ongoing...

Want2MakeMoney, I assume you are referring to Sonos. If so, it may be related to raw material cost and logistics

QR is ok but as highlighted by a few members already, deposit from customer drops drastically, which points to bad quarter ahead. Dividend is lower than expected so most likely is not going to support its share price.

Just read from somewhere -- "No price is too low for a bear or too high for a bull"

good day to sell...

Pinkrhino, I can not verify anything since the fb page is private, Anyway, thanks for responding.

Pinkrhino, since "the information is there in FB..", kindly share the link

"These big group of elites gain 100% every 2 months!!"

Pinkrhino, if statement above is true, please provide the link to this big group to us for checking

44.5sen is the highest closing price in Scope's history. There is no chart to guide us ahead. It is up to the big fund to push for how far and for how long.

Not sure what will happen tomorrow. Perhaps some profit taking?

wow... up a bit too much. May drop tomorrow... *sour grape*

I have never attended an AGM. How do we get the answers of our questions? Will the company compile the questions and answers in written form?

scope88, I may not be able to attend the zoom meeting due to work.

PRE-MEETING SUBMISSION OF QUESTIONS TO THE BOARD OF DIRECTORS
The shareholders may submit questions to the Company via e-mail to jameslee@scope.com.my prior to the AGM to transmit questions to Board of Directors.

Has anyone prepared some questions for the AGM? Maybe we can share it here and avoid duplicate questions.

Just take a look of the revenue/profit estimate for the next 2 years. it is not going to be pretty. Share price may drop further. The current price is still higher than pre-pandemic price so there is still room to fall. That is why I still think it is better to sell now and buy it back later.

https://www.enanyang.my/财经新闻/等均价触30美元关口-手套大客料购买缓跌势

Feeling safe to keep this stock...

I agree with IronShirt. The factory in US is another factor that we have to consider. If share price of glove stocks is going to go back to pre-pandemic level or worse, I believe Supermax is the most likely candidate due to the factory in US. That is why I still think it is prudent to sell now and buy back later.

Drachen, thanks for sharing the article. I learn a few new things about Scope.

everyday got big sellers dumped their shares... Like never ending. There must be good reasons for them to think it is still a good price to sell. One of the reason is that share price now is still above the price before the pandemic. Revenue/profit will not be good in the next 2 years, I still think it is better to sell high now and buy back at cheaper price.

just read the most recent quarterly report announced in September. I noticed its cash and bank balances reduced from 1,208,559,000 to 878,256,000. I am a bit concerned about its dividend going forward. If dividend is not going to be good, it will not support its share price. Thus, I still think it is better to sell high now and buy back later.