ON 30 OCT TG CLOSED AT $8.57 HARTALEGA CLOSED AT $17.95

ON 30 OCT TG CLOSED AT $8.57 HARTALEGA CLOSED AT $17.95

AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET

AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET

AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET

AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET

AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET

JP Morgon now start buying glove stock for their foreign clients. Come Jan 2021 they will triple the valuations. NOTE; THEY QUALIFY THEIR VALUATION - IF 2ND WAVE OF COVID

Ku Li today

Average target price of analyst is $1.35. Company making profit but share price keep going down.
Headache

EPF is buying Kossan but selling Top Glove. Don't understand their reasoning.

WHAT IS THE CONVERTION PRICE OF THE CRPS. ISSUED PRICE IS 10 CENTS. CANNOT SEE ANY CONVERTION RATIO

Posted by EDINVESTOR > Dec 12, 2020 8:59 AM | Report Abuse
Come let's do side betting and see who wins? I bet drop
DON'T NEED TO BET. I ALSO HOPE THE PRICE DROP. I WILL START BUYING AGAIN AT $6.80. TARGET 200,000 SHARES. START WITH 10,000 SHARES AT $6.80. EVERY 10 CENTS DROP, I BUY ANOTHER 10,000 SHARES. WHEN I FINISH BUYING MINE 200,000 SHARES TOPGLOVE PRICE IS $4.80. STILL ABOVE THE CLOWN'S VALUATION OF $3.50.

If their Unit trust do not perform, the Fund manager got ZERO Bonus. All performance based. Just lock in gain from Gloves ( Their only wining bet ), talk up Finance Counters to mitigate loss. Hopefully can register a profit and get a performance bonus. Next year 2021, the Unit Trust buy the Gloves again, for sure dividend yield

Dividend per Q is 16.5 cents or 66 cents minimum for 1 year. Co got no cash or factory or land loh. The Two JP Morgan analyst are NUTS.
Think the owner throw money by buying their own shares.
This is year end. The Unit Trust manager are paid Performance Bonus only. They have lock in profit for their Gloves Portfolio. Making losses in other sector. So they are all recommending Finance Counters
(NPL is going up next year). Come Jan 2021, all the analyst will ask people to buy Gloves again for their 2021 performance. They will start selling Finance Stocks. Just watch and see. I will buy Gloves gradually if it drops, 5% target quantity for every 10 cents drop in price

Someone keep buying at 0.455 cents until stomach going to burst soon, unless he can push up and dispose

Mad analyst. Top Glove at $3.80. Dividend at 16.5 cents per quarter is already 66 cents per year. The company got no asset ( not even land, buildings and cash reserve )

Bumi Armanda and HengGuan have gone pass the early March 2020 share price. Sapura is now about 75% of early March price. Velesto is only
55% of early March share price. Nothing much have change in terms of fundamentals for Bumi Armanda, Sapura and Velesto, except for Analyst calls

So disappointing compared with Bumi Armanda and even Sapura Energy.
I get the data for beginning March 2020 as a comparison because Brent crude price about the same then.
Brent Price
4-Mar-20 51.13 52.11 53.03 51.04
3-Mar-20 51.86 53.47 53.9 51.22
2-Mar-20 51.9 48.95 53.2 48.4
KLCI
4-Mar-20 1,489.95 1,478.33 1,491.07 1,474.95
3-Mar-20 1,478.64 1,476.30 1,481.36 1,466.90
2-Mar-20 1,466.94 1,471.34 1,478.68 1,456.08

VELESTO OPEN HIGH LOW CLOSE Volumn
4-Mar-20 0.28 0.285 0.28 0.28 0.28 14,530,300
3-Mar-20 0.275 0.29 0.275 0.285 0.285 33,608,100
2-Mar-20 0.28 0.285 0.25 0.265 0.265 48,442,300
Sapura Energy
4-Mar-20 0.17 0.17 0.165 0.165 0.165 48,695,900
3-Mar-20 0.17 0.175 0.165 0.17 0.17 146,744,300
2-Mar-20 0.175 0.175 0.16 0.16 0.16 267,377,000
Armada
4-Mar-20 0.3 0.31 0.295 0.295 0.295 36,386,800
3-Mar-20 0.325 0.325 0.3 0.31 0.31 72,970,600
2-Mar-20 0.295 0.31 0.29 0.31 0.31 35,937,400

I hold this counter at average cost of about 65 cents. No point trying to talk up this counter. Fact is that for the Q ended 30 June 2020, the co lost 3.7 cents a share. For the Q ended 30 Sep 2020 they make 3.69 cents a share because the the compensation from JAKs. This is a one time gain only. This company got no new ideas and is paying off staff to quit. The revenue stream is also diminishing.
Supporting the price will only allow the funds like ASB and EPF to get a better price selling down. Should let the funds sell down and the we collect at 30 cents. Hopefully the company can change direction and be profitable again. Too many senior employees who are there because of political connections not because of ability. The last CEO also got to ran. One Q lose 3.7 cents. One year is 14.8 cents of cash reserve gone.

Every PP is at least 10% lower. Who will take except his hidden hand

Why going down so much?

Today is Sanichi day

This counter got to be patient. Now still sleeping. Hope the placement of CRCPs will wake up this counter . Limited issue shares now. Slight goreng and it move alot

SAT 12 DEC. GROUND BREAKING CEREMONY BY PENANG CHIEF MINISTER FOR THE NEW GLOVE FACTORY

IONIC IS REALLY MAKING GLOVES. MASK ALSO GOT STANDARD, NOT THE CHEAP ONES. ALOT WITH NICE THEMETIC DESIGNS

Best counter. Penny stock but making money. Gold and political counter roll into 1. DSAI up, this counter also up. Ku Li make news, this counter also up

Japan 700B stimulus package. US going to have 900B stimulus package before year end. Should be good for gold price.

Can anyone explain why Iconic shares prices has been under selling pressure, either forced selling or Private Investors selling their PP shares which they have subscribed for RM 0.45...
CANNOT SELL. HAVE TO HOLD 6 MONTHS.
SAT 12 DEC. GROUND BREAKING CEREMONY FOR GLOVE FACTORY.
PENANG CHIEF MINISTER OPEN

Can get digital bank. Guess if cannot so ok because they own e-KYC
which will be widely used by digital banks.

Friday Close.
Oil price hold steady but US Dow and S&P oil index all traded up over 5%
Dow Jones U.S. Oil & Gas Total Stock Market Index
WATCH
LIST
CLOSED
Last Updated: Dec 4, 2020 5:11 p.m. EST
3,118.35
162.00 5.48%

Friday Close.
Oil price hold steady but US Dow and S&P oil index all traded up over 5%
Dow Jones U.S. Oil & Gas Total Stock Market Index
WATCH
LIST
CLOSED
Last Updated: Dec 4, 2020 5:11 p.m. EST
3,118.35
162.00 5.48%

Ya. Was holding both of Velesto & Perdana Petroleum. Perdana had
kick clear from 14 cents to 17.5 cents since mid novemeber.
Velesto only managed 1 cent ie 13.5 to 14.5.

Who is the major shareholder now?

Ageson do rare earth mining?

I THINK THE CURRENT SEDIMENT IS AGAINST GLOVE STOCKS. YOU CAN HAVE THE BEST FUNDAMENTALS BUT THE TIDE IS AGAINST YOU ESP FOR TOP GLOVE.
1. VACCINE NEWS AND VACCINATION STARTING NEXT WEEK.
2. NITRILE LATEX PRICES IS SPIKING UP LIKE HELL. NEARLY USD3K PER TONNE NOW. THIS RISE IS FASTER THAN THE RATE OF RISE IN ASP OF GLOVES.
3. WITH THIS RECENT HOUSING PROBLEM, THE US GOVT IS NOT GOING TO RELEASE BAN ON TOP GLOVE ANYTIME SOON.
4. TOP GLOVE AGGRESIVE SHARE BUY BACK HAVE RESULTED IN HUGE AMOUNT OF FLOATING CAPITAL LOST. YOU CAN SEE THAT THEY ARE TRYING TO CUT BACK ON BUYBACKS AS THE AMOUNT SPEND ON BUY BACK IS REDUCED.
5. EPF NEEDS MONEY FOR I-SINAR WITHDRAWAL. THEY WILL CONTINUE SELLING BECAUSE TOPGLOVE IS BUYING.
Guess we have to just holdback from buying until a reasonable price level is reached.

Posted by JoyOhi > Dec 3, 2020 1:15 AM | Report Abuse
US stock market trend in favour to oil stocks at the moment I am writing this, with Oil prices in uptrend now WTI/Brent I am guessing there might be a strong rally with our oil stocks tomorrow
DOW ENERGY INDEX SPIKE UP BY 3.5% TODAY.
I SOLD VELESTO AT 13CENTS AND BOUGHT HIBISCUS AT 58CENTS. NOW HIBISCUS IS AT 61CENTS BUT VELESTO STILL AT 14 CENTS. BUMI ARMADA HAD ALSO GONE TO 32CENTS. ITS TIME TO BUY BIG THIS COUNTER-LANGGARD

Time to move up again

Most stable share price. Up or down 1 bid only

Die. EPF selling much more than TopGlove buying. Treasury shares incurring a net loss. Got to book this lost at end of accounting period. the amount of buy back is getting smaller and less aggressive. Raw material Nitrile latex price also going up much faster than ASP.

Die. Owner keep selling. Nitrile latex price keep going up faster than ASP.

Exert some pressure and hope the relative get a directorship. That's how we work

Hard to buy Gloves Stock now. Too many negative news and too many vultures. After being hit by the US Govt over labor issues, they are hit by our own Ministers. Talking about 50K fine per worker if housing conditions not met.
The Ministers should look at our own low cost flats before condemning TopGlove worker's quarters. Guess all red eye because the glove company making huge profits.
Now even EPF is dumping their shares at a lost to raise funds for isinar withdrawal

Q ended 31 March 2020, lost 123.6 million.
Q ended 30 Sep 2020. make 152 million.
Don't need do business. Just stockpile oil and do speculation.
That's what a lot of Chinese refinery do. They stockpile crude when its was cheap.

Just finish checking the EPF transactions in Top Glove.
They must be desperate for cash. Seems to be cutting lost badly.
Buy Dates
14 Oct at above $9.00
23 Oct at above $8.60
26 Oct at above $8.50
13 Nov at above $7.80
16 Nov at above $7.30
17 Nov at above $6.80
19 Nov at above $6.90
Sell Dates
20 Nov at about $7.20
23 Nov at about $7.30
24 Nov at about $6.90

Hopeless. Still making losses

Looks like its SELL SELL SELL.
With the stock market so active, this counter cannot even make a profit. Really no hope especially with Myyudin winning the budget vote.

Primeinvestor where is edwin the dog? only sensitive to red, red he will appear.
Ignore the noise lah. Those people are only waiting to buy in the red lah. The negative comments are design to induce some selling.

laggard counter

https://klse.i3investor.com/blogs/gloveharicut/2020-11-25-story-h1536614628-Tan_Sri_Dr_Lim_Top_Glove_estimates_dividend_yield_to_be_more_than_6_in_.jsp
Wah should be better than EPF dividend. Definitely better than putting in the bank.