maybe it is time to sell now... the next few years could be very ugly because of ASP dropping and oversupply

could be ugly when market opens, so we need to plan our action...

Local institutions and foreigners have been buying glove stocks for 2 weeks. If they are not worried about average selling price, we should not be worried. When they buy, we buy. When they sell, we also sell

Not surprising with the selling as it is near resistance level... Also overbought. Local institutions and foreigners have been buying glove stocks the last 2 weeks. Retailers are selling. Are the retailers the winner this time? Will observe for 2 more days and see who wins at the end

if you tell me this is the dirt tricks of KYY, I will not be surprised.

I still like Tawin fundamentally, but technically, my software gave me a short term sell signal 2 weeks ago and long term sell signal last week. I just share what I know. Also, it gapped down 3 consecutive days. It does not look good. To be prudent, I still think it is a better idea for us to sell now and buy back later. Sell high and buy low.

For those who still keep this stock, I suggest another option. Sell high now and buy low later. Glove stock may be a better choice right now.

Well, I will be the first one who admit I may have underestimated this rally. I thought it was too fast to be true... Like KYY, Average Selling Price (ASP) is the only thing that I think about. I ask around and notice that not many are interested in glove stocks this time. Congratulation to those who make the right decision !

Looks like there are not a lot of comments this time. New comments for today is only 1 page long. Maybe there are a lot of people who are sceptical about the uptrend this time. Or there are many retailers who are trapped the last time.

so far the big volume are all selling... my software also signals the trend has become bearish. I sell high and hopefully able to buy low later.

Doesn't look good. To be prudent, maybe we should sell, at least partially. Glove stocks are maybe a better choice now.

The good thing is the exercise price is super attractive. The bad thing is that the number of shares will increase 3 times. Not sure if the big fund will sell or not

be careful, rr88 is right. The price is up but some technical indicators are down and thus showing divergence. That means we likely will see lower price in the future. If I were you I would sell high now and buy back later at cheaper price.

For more information, please refer:
https://www.investopedia.com/terms/d/divergence.asp#:~:text=Divergence%20is%20when%20the%20price,moving%20contrary%20to%20other%20data.&text=It%20occurs%20when%20the%20price,higher%20or%20showing%20bullish%20signals.

We do not have to wait 5 years. We may see progress as early as this year, and definitely in Financial Year 2022. Kindly watch the following video below:

Webinar "TAWIN - EV Power the Way!" with Group Managing Director - Dato Sri' Ngu Tieng Ung, JP and the Managing Director of Cyprium Wire Technology Sdn Bhd - Mr. Justin Wong to share their company background, business performance, as well as their transformation plan and future prospect.

https://www.youtube.com/watch?v=Ie5FxOb0fZs

Posted by masterkevin212 > Mar 23, 2021 10:19 PM | Report Abuse

Summary
1) TAWIN is on full capacity from the order it has as of today.

2) TAWIN current phase one production can cope with at least 50% of all cars in Malaysia if the order is obtained.

3) phase 2 production line is more than 3 times from current it has and it will commence its operation in June or July this years.

4) Global order is increasing from time to time.

5) Automobile will be the key prospect for group.

6) Tawin is looking at profit RM 40m in 2022 taking into consideration of current book order.

7) TAWIN is only one of a few companies in Malaysia obtaining full certification in the automobile industry for supplying hardness cabling especially EV automobile.

8) Transformation of TAWIN from upstream and now to downstream into industry products.

Lastly, boss said TAWIN is under value, but boss didn't say how soon TAWIN will limit up.

I searched in Youtube and I was able to find the webinar arranged by KenTrade on March 23rd.

Webinar "TAWIN - EV Power the Way!" with Group Managing Director - Dato Sri' Ngu Tieng Ung, JP and the Managing Director of Cyprium Wire Technology Sdn Bhd - Mr. Justin Wong to share their company background, business performance, as well as their transformation plan and future prospect.

https://www.youtube.com/watch?v=Ie5FxOb0fZs

Posted by masterkevin212 > Mar 23, 2021 10:19 PM | Report Abuse

Summary
1) TAWIN is on full capacity from the order it has as of today.

2) TAWIN current phase one production can cope with at least 50% of all cars in Malaysia if the order is obtained.

3) phase 2 production line is more than 3 times from current it has and it will commence its operation in June or July this years.

4) Global order is increasing from time to time.

5) Automobile will be the key prospect for group.

6) Tawin is looking at profit RM 40m in 2022 taking into consideration of current book order.

7) TAWIN is only one of a few companies in Malaysia obtaining full certification in the automobile industry for supplying hardness cabling especially EV automobile.

8) Transformation of TAWIN from upstream and now to downstream into industry products.

Lastly, boss said TAWIN is under value, but boss didn't say how soon TAWIN will limit up.

newbie4444, you can find the answer below:

Posted by masterkevin212 > Mar 23, 2021 10:19 PM | Report Abuse

Summary
1) TAWIN is on full capacity from the order it has as of today.

2) TAWIN current phase one production can cope with at least 50% of all cars in Malaysia if the order is obtained.

3) phase 2 production line is more than 3 times from current it has and it will commence its operation in June or July this years.

4) Global order is increasing from time to time.

5) Automobile will be the key prospect for group.

6) Tawin is looking at profit RM 40m in 2022 taking into consideration of current book order.

7) TAWIN is only one of a few companies in Malaysia obtaining full certification in the automobile industry for supplying hardness cabling especially EV automobile.

8) Transformation of TAWIN from upstream and now to downstream into industry products.

Lastly, boss said TAWIN is under value, but boss didn't say how soon TAWIN will limit up.

Tawin manufactures copper wires and copper rods. Copper is their raw material. Apparently the higher price of copper increases the selling price of their products and thus their revenue. However, the higher price of copper also increases their cost of sales. The quarterly result is not surprising.

Just for fun, is it true that the all time high for this stock is RM60?

Anyway, congratulations to those who own this stock :)

China Expanding at Breakneck Speed

I read the report about Top Glove and notice China companies are expanding their capacities at a faster rate...

https://klse.i3investor.com/blogs/kltrader/2021-03-10-story-h1542120193-Top_Glove_ASP_to_Decline_From_Here_Target_Price_Lowered_by_44.jsp

China Expanding at Breakneck Speed

I read the report about Top Glove and notice China companies are expanding their capacities at a faster rate...

https://klse.i3investor.com/blogs/kltrader/2021-03-10-story-h1542120193-Top_Glove_ASP_to_Decline_From_Here_Target_Price_Lowered_by_44.jsp

China Expanding at Breakneck Speed

I read the report about Top Glove and notice China companies are expanding their capacities at a faster rate...

https://klse.i3investor.com/blogs/kltrader/2021-03-10-story-h1542120193-Top_Glove_ASP_to_Decline_From_Here_Target_Price_Lowered_by_44.jsp

the risk is higher than reward... If I were you, I would sell first. Good luck to you guys!

maybe a good day to sell as it already up more than 10%. Good luck to you guys!

technically oversold.... see how

Just notice dividend was announced yesterday. 1.25 sen ex 04 Mar 2021. Good luck to you guys

waiting to go in when break up at 80 sen.
By the way, just notice there is dividend. Ex 22 Feb 2021 meaning you guys must keep at the end of tomorrow

glove? Good luck to you guys!

DY419131, you should have a plan. Maybe you can set your cut loss price at 10%. Do not let a small loss become bigger one. Cutting your losses when you're wrong is important.

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros

Looks like this is the latest view from CIMB:
https://klse.i3investor.com/blogs/nanyang_stock_expert/2021-01-29-story-h1540218594.jsp

2 good QR. Good luck to you guys!

I thought that D&O was too high and it was impossible to get to RM3. Most likely I will be wrong. Good luck to you guys!

If I remember correctly it was oversold a few days ago. Need to check again...

Let us see if big fund buy more or sell on news

Overbought according to technical indicators. Also up too much last Friday. Better do not buy today

last time a lot of retailers got stuck... hope some are able to run this time

every time any price up is a good time to unload. It is like you try to clear whenever you get a bad hand in cards

at critical price RM6 now... I am afraid it is just a matter of time that it drop down. Those newbies better sell before the short selling is lifted in a few days.

retailers are usually the victims. Good luck for those who still keep glove stocks. It can get very ugly after short selling is lifted in a few days

any price up is a good time to sell. Good luck!!!

Big volume at 0.16, for those who still hold , I would suggest you sell before this 0.16 is taken down by the big fund.

selling like this... back to 64 sen again?

it is obvious that the big fund is clearing stock, so we sell first and buy back later

Unfortunately its price will most likely become cheaper as investors usually do not like right issues. Also, its price has almost doubled. I suggest you sell high now and buy low later.

Sell high now and buy low later

Another recovery stock. Good luck to you guys!

I think all of us should sell at the same time hehehe

wah, drop everyday like this , don't know when will stop.

最近的车款例如X-70，X-50反应都不错，业绩有增加，很期待下一个车款。如果能等的话，就留着吧！

I am not worry about Proton at all. The management knows what they are doing. Good luck to you guys!

Index is at above 1650. The overall market is supposed to be very strong for this uptrend, but for some reasons, some big funds are scared to buy and only sell (not just Jaks)