Tan Sri Lim is on the EPF board. The guy who lend out TopGlove shares for RSS probably do so with the Board's approval. Ada kam Cheng kah?
What is the $ logic for lending out 10% of your investment to drive down the value of more than 100% (They have Kossan and Hartalega too)the value of your holdings.

Posted by Targeted > Jan 28, 2021 5:23 AM | Report Abuse
Top 10 most shorted stocks on Russel 3000, jump between 50-100% - Epic Shortsqueeze
gamestop jump 700% in 1 week due to short squeeze. Power of social media polling retailers to fight big bully

Frankly, I doubt any sane investors will lend their shares for Short Selling. The EPF probably did not have a mandate to do it, but someone benefits.
At 5% interest per annum, if you lend out $1m of gloves shares for 1 month, you get about $4,166 in interest. If you share price goes down 5%, you lose 50K.

THOSE WHO WANT GLOVE STOCKS TO GO UP SHD CONTINUE WRITING EMAILS TO EPF AND CONDEMN THEIR SBL ACTIVITY. THE RSS PEOPLE HAVE NO SOURCE OF SHARES TO BORROW. THEY HAVE RESORT TO BORROWING VIA FACEBOOK POST VIA KENANGA
Look at Facebook Post :- Wong Patrick - Bursa Market Strategies (Open Group).
Stocks Wanted : TopGlove, Kossan and Supermax
Interest : 5% per annum on daily rest paid on 10th Business day of following month
Contact Patrick Wong Chin Liang. tel 012-9190285 (Kenanga)

Posted by The Market > Jan 28, 2021 4:10 AM | Report Abuse
"This is a big moment. A tug of war between tradition and the future. Hedge fund managers live in the past, and continue to look down upon the retail investors. They truly believe that we, the average retail investors, don't know anything about finances or the market (which may be true), and we're just gambling our money away. We don't know any better. WE NEED HEDGE FUND MANAGERS TO TELL US WHAT TO DO! SAVE US! This is the world they want to live in. This was the past."
THIS IS THE MAGIC OF SOCIAL MEDIA.
POLLING RETAIL INVESTOR TOGETHER TO FIGHT THE SHORT SELLING BAD BOYS

Look at Facebook Post :- Wong Patrick - Bursa Market Strategies (Open Group).
Stocks Wanted : TopGlove, Kossan and Supermax
Interest : 5% per annum on daily rest paid on 10th Business day of following month
Contact Patrick Wong Chin Liang. tel 012-9190285 (Kenanga)

THOSE WHO WANT GLOVE STOCKS TO GO UP SHD CONTINUE WRITING EMAILS TO EPF AND CONDEMN THEIR SBL ACTIVITY. THE RSS PEOPLE HAVE NO SOURCE OF SHARES TO BORROW. THEY HAVE RESORT TO BORROWING VIA FACEBOOK POST VIA KENANGA

INSPITE OF THE SHORT COVERING OF 36M SHARES ON 22 JAN, THE NET SHORT POSITION INCREASE TO -2.77% FROM -2.73%. AS OF 27TH JAN 2021, THE NET SHORT POSITION IS -2.92%. AS WE KNOW THAT THE OWNER WILL SUPPORT BY BUYING BACK AND ALSO CO GOT NEW MANDATE TO DO BUYBACK, I THINK TIME IS RIGHT FOR THE RETAIL INVESTOR TO BUY AND INDUCED A SHARE SQUEEZE BULL RUN ON THIS STOCK LIKE WHAT THE RETAIL INVESTORS DID TO SHORT SELLERS IN GAMESTOP - UP 700% IN 1 WEEK BY SQUEEZE SHORT SELLERS INTO COVERING POSITION

22-Jan-2021 Acquired 36,051,480
Registered Name Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Nature of Interest Direct Interest
Description SBL
THE PRICE RANGE ON THAT DAY IS $6.06 TO $6.37.
THE SHORT COVERING WAS PROBABLY DONE AT THE LOW END

Stock [TOPGLOV]: TOP GLOVE CORP BHD
Announcement Date 26-Jan-2021
Substantial Shareholder's Particular:
Name EMPLOYEES PROVIDENT FUND BOARD
Details of Changes:
Currency -
Date of Change Type Number of Shares
21-Jan-2021 Acquired 19,459,200
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason 1. Acquisition of 19,699,000 shares (SBL) by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
THE SHORT SELLERS BUY BACK SOME SHARES BUT THE SHORT POSITION INCREASE FROM -2.71% TO -2.73%. WHY?

When is the Q result coming out?

Posted by MrGlover > Jan 25, 2021 11:01 PM | Report Abuse
They haven't reached 4% limit doesn't mean they can short. Someone needs to be willing to loan them the shares. If no willing party, even at 0% short position, they can't short. Yes they are big shark, but even big shark don't want to pay divvy to lender, they already have to pay an interest for shares that they've shorted. They just gonna lose more if they drag longer.
SPOT ON. THE BIGGEST POSSIBLE LENDER IS EPF. YOU GUYS NEED TO SPEND 2 MINUTES WRITING A EMAIL TO EPF TO CONDEMN SBL ACTIVITY

Anyone estimate what is Kossan coming QR PAT? I am hoping they hit 0.8B, hence minimum dividend (based on the policy of 30%) based on EPS 31.27, Kossan shareholders can expect 9sen dividend? Based on today's closing price of RM 4.50, that is a 2% DY per quarter = 8% annually.
Dividend policy of 30% will be disappointing. Shd be at least 60%

Postpone to this evening.

Glove counter price is up. No point countering the naysayers. They are only waiting anxiously for a lower entry level. They actually love Glove counters inspire of all the negative comments. They have no effect on their price movements. Just remember to write an email to EPF condemning their RSS lending activity. Throw stone at own feet or taking planks from your wooden house to cook a meal. Put it in whichever way you want. You have the right as a EPF member. They are the big buys that can influence the movement. Today its glove. Tomorrow could be Banks.

Glove counter price is up. No point countering the naysayers. They are only waiting anxiously for a lower entry level. They actually love Glove counters inspire of all the negative comments. They have no effect on their price movements. Just remember to write an email to EPF condemning their RSS lending activity. Throw stone at own feet or taking planks from your wooden house to cook a meal. Put it in whichever way you want. You have the right as a EPF member. They are the big buys that can influence the movement. Today its glove. Tomorrow could be Banks.

Prison also big cluster. Close down Prison. What about Place of worship. Think is more about enforcing the SOP and providing accurate and reliable test for the worker.

TopGlove latest presentation to Investors last Friday. Waiting time 300 days. Got to pay 20% deposit. You think ASP will go down so soon?

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

it is very good biz to epf, do nothing already gain 4m from shorties just in 3 weeks
haha. made 4m but the value of their holdings in glove stocks probably go down by 4B - THATS GOOD BUSINESS?

Posted by Mytime > Jan 22, 2021 11:08 PM | Report Abuse
Are you sure EPF behind the short selling?
EPF STARTED THE ROUT ON GLOVE SHARES BY LENDING 40M TOPGLOVE SHARES FOR RSS ACTIVITY. THROW STONE AT OWN FEET. ALL MEMBERS SHD JUST EMAIL AND PROTEST. THE GUY WHO DID IT WILL FEEL HOT, IF THEY RECEIVE MANY EMAILS REGARDING THIS. NO OTHER FUNDS GOT THIS QUANTITY AND TYPE OF STOCK FOR RSS LENDING

RSS STATS ON TOP 4 GLOVE COs as of 23 Jan 2021
PARAMETER TOPGLOVE HARTA SUPERMAX KOSSAN
NOSH 8,201,000,000 3,428,000,000 2,721,000,000 2,558,000,000
RSS@ 4% 328,040,000 137,120,00 108,840,000 102,320,900
Current RSS% 2.73 1.35 0.59 2.18
Current Short Position 223,887,300 46,278,000 16,053,900 55,764,400
Balance Short able Units104,152,700 90,842,000 92,786,100 46,556,500
Closing Price on 31-12-2021 $6.12 $12.14 $6.01 $4.50
Closing Price on 22-01-2021 $6.25 $12.32 $6.53 $4.19

RSS STATS ON TOP 4 GLOVE COs as of 23 Jan 2021
PARAMETER TOPGLOVE HARTA SUPERMAX KOSSAN
NOSH 8,201,000,000 3,428,000,000 2,721,000,000 2,558,000,000
RSS@ 4% 328,040,000 137,120,00 108,840,000 102,320,900
Current RSS% 2.73 1.35 0.59 2.18
Current Short Position 223,887,300 46,278,000 16,053,900 55,764,400
Balance Short able Units104,152,700 90,842,000 92,786,100 46,556,500
Closing Price on 31-12-2021 $6.12 $12.14 $6.01 $4.50
Closing Price on 22-01-2021 $6.25 $12.32 $6.53 $4.19

Latest Stats:

RSS STATS ON TOP 4 GLOVE COs as of 23 Jan 2021
PARAMETER TOPGLOVE HARTA SUPERMAX KOSSAN
NOSH 8,201,000,000 3,428,000,000 2,721,000,000 2,558,000,000
RSS Limit @ 4% 328,040,000 137,120,00 108,840,000 102,320,900
Current Short Position % 2.73 1.35 0.59 2.18
Current Short Position 223,887,300 46,278,000 16,053,900 55,764,400
Balance Short able Units104,152,700 90,842,000 92,786,100 46,556,500
Closing Price on 31-12-2021 $6.12 $12.14 $6.01 $4.50
Closing Price on 22-01-2021 $6.25 $$12.32 $6.53 $4.19

22-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,000,000 shares on 19-Jan-2021.
22-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 421,800 shares on 19-Jan-2021.
22-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,000,000 shares on 18-Jan-2021.
Price Range on 18 Jan 2021 is $4.22 to $4.34
Price Range on 19 Jan 2021 is $4.07 to $4.29
Make sure that RSS guys cannot borrow from EPF again so that they have to buy back from market. Write Email to EPF to Question why they throw stone at own feet or taking planks from wooden house to use as firewood. Remember that lending to SBL is lending a tool to depreciate your own asset value. As a member we have the write to question their investment decisions.

To kill the shorties, everyone pro Gloves and contribute to EPF should write as a member to EPF condemning the lending of shares for RSS esp when they hold a significant stake in that counter. As a public mutual fund that is mandatory ( Cover also workers from the Glove Industry ),
they cannot help depress share price ( Affect the worker's benefit in terms of ESOS). I have written a couple of letters to EPF and also Star Biz. Hope you all do the same. You have the right as EPF member to voice your concern. Only EPF is able to lend them the amount of shares required. Seems they have stop shorting TopGlove and Kossan because cannot find lenders.

To kill the shorties, everyone pro Gloves and contribute to EPF should write as a member to EPF condemning the lending of shares for RSS esp when they hold a significant stake in that counter. As a public mutual fund that is mandatory ( Cover also workers from the Glove Industry ),
they cannot help depress share price ( Affect the worker's benefit in terms of ESOS). I have written a couple of letters to EPF and also Star Biz. Hope you all do the same. You have the right as EPF member to voice your concern. Only EPF is able to lend them the amount of shares required. Seems they have stop shorting TopGlove and Kossan because cannot find lenders.

To kill the shorties, everyone pro Gloves and contribute to EPF should write as a member to EPF condemning the lending of shares for RSS esp when they hold a significant stake in that counter. As a public mutual fund that is mandatory ( Cover also workers from the Glove Industry ),
they cannot help depress share price ( Affect the worker's benefit in terms of ESOS). I have written a couple of letters to EPF and also Star Biz. Hope you all do the same. You have the right as EPF member to voice your concern. Only EPF is able to lend them the amount of shares required. Seems they have stop shorting TopGlove and Kossan because cannot find lenders.

To kill the shorties, everyone pro Gloves and contribute to EPF should write as a member to EPF condemning the lending of shares for RSS esp when they hold a significant stake in that counter. As a public mutual fund that is mandatory ( Cover also workers from the Glove Industry ),
they cannot help depress share price ( Affect the worker's benefit in terms of ESOS). I have written a couple of letters to EPF and also Star Biz. Hope you all do the same. You have the right as EPF member to voice your concern. Only EPF is able to lend them the amount of shares required. Seems they have stop shorting TopGlove and Kossan because cannot find lenders.

Whats impressive today is that the average price today is $4.17 but park buyer at big quantity at $4.19

Posted by MrGlover > Jan 22, 2021 2:25 PM | Report Abuse
@beginner 2.2m short but only 8% of volume. Definitely looks like a bull run and shorties kena stampede ler. Kossan and Supermax 0, I think they may be starting to cover position. I'm inclined to think that momentum will continue into next week. :)
Harta result out Monday lunch time. They shd be giving out a set of stella results and hopefully a bonus issue.
That would have a contagion effect on other glove counters.
Think the result selldown was also because Supermax results were delayed.

https://www.klsescreener.com/v2/news/view/781629/top-glove-launches-recruitment-drive-for-9-000-employees
TopGlove on recruitment drive for 9000 malaysians, out of which 2000 is for University grads.

By the way, its seems that the Pfizer vaccine is not effective for the new strain of covid from SA. Also the blood plasma anti bodies is not effective treatment for this new strain. Stay safe

Posted by TRYLUCK88 > Jan 22, 2021 12:08 PM | Report Abuse
Mr Glover, i admire your calmness last few days. Today i m less tensed liao,
linheng, where r u?
Like I said before, just use whatever means to top up, be it mortgage overdraft or margin acc. Gloves can pay a dividend yield of at least 13%. Can cover your other account interest 3X and you are entering at low level. Even JP Morgan TP is $3.80 for Kossan but $3.50 for TGlove.
I top up again at $4.11 and $4.01. Was prepared to top up at $3.91 but did not managed to get

https://www.klsescreener.com/v2/news/view/781629/top-glove-launches-recruitment-drive-for-9-000-employees
Going to Provide work for 9000 Malaysia out of which 2000 is for university grads. Such a good national asset and govt is not helping them Target their workers quarters when the PPR flats are in worse conditions

Remember Harta quarter results out on Monday noon.

Latest Net short position on gloves
Kossan is -2.15% up from 2.08%
Harta is 1.22% up from 1.16%
TopGlove is 2.69% down from 2.76% and 2.82% the previous day
Supermax 0.57% up from 0.56%
As you can see, Kossan is resisting well. Inspite of low volumn and increased shorting (0.07%), the price actually increase 5 cents.
At this point, we can be hopeful that EPF will be buying more since they bought on the 14 & 15Th Jan at above $4.22

Hope they declared a good divident and maybe throw in some free warrants. This will catch the Short Seller with their pants down

Quarter result out on this coming Monday Noon.

Should have bought some Hartalega at the close when it was thrown down. Remember that volume is thin. Any pressure exerted will drive price lower much faster. Be prepared to pick up if you buy. Better than buying all the Bank Shares will rising NPL.
Hartalega Q result out this coming Monday Noon. Kossan is in mid February. There is a bit of delay on Supermax results

Average price about $4.192. Today top up again

Posted by TRYLUCK88 > Jan 20, 2021 8:04 PM | Report Abuse
still asking myself...why kossan n not tg?..oth than the reason kossan being low downside.
how abt u all. linheng? 100lots in right?
Haha. No worries. You don't get cheap sale always. How much the Short sellers lost on Tesla. Gloves is our Tesla lah.
Let say the Dividend yield is 13% (Based on TopGlove 2020 Div) and at a price of $4 per share - $0.52 cents per annum. Can pay over 3X your mortgage interest. I buy into margin account that gives me 5X leverage. Off course be prepared with some blue chips like Axiata and Telekoms. My purchase yesterday is
19-01-2021 Buy
TB/2021/146326
KOSSAN RUBBER 170,000 - 0.00 712,682.10

Harta Result next week. Hope they declared Bonus issue with warrants and a big Dividend. See how the shorties gonna buy warrants to repay
and pay dividend in cash to the owner

Today RSS. Harta 36.40%; Kossan 12.0% and TopGlove 9.17%

Asshole keep big roadblock at 4.10. You match the transaction with the RSS volume when one of your friends buy. The block belong to him

Flying today? Jerlun gas field contract? ASB bought 200+ m shares from mkt

Hartalega likely to see record 643% surge in earnings | https://www.klsescreener.com/v2/news/view/780473

Hartalega likely to see record 643% surge in earnings | https://www.klsescreener.com/v2/news/view/780473

https://www.institutionalinvestor.com/article/b1q3cxqlbmltyl/The-World-s-Biggest-Short-Selling-Hedge-Fund-Is-Scaling-Back