for those rioters........moral of the story.... Choose your fight.
.fight wrong fight, sure worse than before

Henry8833 > May 22, 2020 2:56 PM | Report Abuse

With the expected superprofit, there will be high dividend and bonus issue etc as gloves companies are generally cash rich companies.
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its all about character/ attitude....character/ attitude of KYY/OTB types....either u have or u don't.

every thing else is rationalizations, justifications.

Henry8833 This round also pushed by all IBs as you can see they upgraded Top Gloves and Supermax to a very high TP due to high projected earnings and more than 10 months lead time. This round may be slightly longer.
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in theory, abnormal earnings should be matched with lower PE...........but that is only theory in textbooks.....


in speculations, high abnormal earnings should be matched with extra high PE..........die or not?

another 3 months before next results season.....3 months is life time away.............

normalised earnings X normalised PE means whole thing comes crashing down..............but..........that is for another time, other people.

exceptional profits X upgraded PE = sky high targets..........

tp are always based on rationalisations in a speculative phase....

eg..A X B X C = fill in the blanks.


u can rationalise almost any thing , when there is a hot streak.


but the brilliance lies in recognizing early, gloves are the only game in town...and take it as far as it can go.


one day, the earnings will be back be normal, PE also back to normal ( if financial theory has any meaning).....so, its game on...for now...........

ok I cash out of pos 1.18

sslee....did u cash out of Pos too?

now 1.23.......

mine 1.02

anticipating losses inInsas due to fair value accounting and no more equity aaccounting of Inari is called proactive.........of course easy to see after the event but proactive means see it coming first.

osted by Philip ( buy what you understand) > May 21, 2020 11:29 PM | Report Abuse

Very good question, I am also confused as to why a company like parkson with 1.8 billion networth
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wow....what happened to fair value accounting? don't they impair the assets?

my emotion for Maha is a mixture of respect and pity not loathe............

maaha is fighting a lonely losing battle.

Kossan released results....very flat......and no hidde items unlike Harta which is depressed for forex. Tomorrow Gloves how? another realisation / wake up from fantasy land.

Kossan released results....very flat......and no hidde items unlike Harta which is depressed for forex. Tomorrow Gloves how? another realisation / wake up from fantasy land.

I have not practised as auditor > 30 years.....its a different world when I was working.............

sometimes such stuffs are put to PL, some times straight to Reserves...I have no idea what is the rule....

(Loss)/Gain on fair value changes of financial assets
at fair value through profit or loss (35,973) go ask them, when is such stuffs put through PL, when straight to Reserves......I have no idea........................

ss, honestly....u didn't see it coming? I gave it a high probability event..........

ss...want to buy loss making and discounts to NTA, buy Genting/ Genting M better.

that is your style, not mine.

doesn't matter if supermax profits real or not...what matters is what is appropriate PE for exceptional profits that disappears after a while?

riader too

sslee Insas die loh.

Remdesivir probably no better than Vitamin D.

China pledge to share knowledge of vaccine.........

no point beating up old man...old man tried his best.........

well...........at least that makes sense......

how to join your telegram group?

what price to buy and sell is very personal one...and how much to speculate...........and no one do speculate as much as KYY/OTB....and do rationalisations....its all rationalisations....if u want to rationalise, u can rationalise almost any thing...........


and 1 year down the road if profits and PE do not materialise............there is always a next one.........


Its fine for KYY to do whatever he wishes to do with his money......but its bad advise in the public domain.......A public figure should advise more like Philips/ that CIMB guy.........

ed by i3lurker > May 21, 2020 10:54 AM | Report Abuse

qqq3 is not a financial man
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does not need a financial man to assume selling price to increase X% and therefore profits increase to Y.............mental arithmetic will do........

what price to buy and sell is very personal one...and how much to speculate...........and no one do speculate as much as KYY/OTB....and do rationalisations....its all rationalisations....if u want to rationalise, u can rationalise almost any thing...........

the theme of gloves as the only game in town on 23 April was the correct call.......

sailang , all in .....and let it run for as long as possible...where got money problem ?


when can we ever get another situation of only game in town?

me? I just frustrated I make too little from gloves.......nothing can be done now........

https://www.marketwatch.com/story/senate-could-vote-on-bill-that-could-delist-chinese-companies-from-us-stock-exchanges-2020-05-19

they will list in Shanghai and Shaaghai grows faster.

anglo saxons ruled the world in 20 century and their views still dominant but WRONG now.

not just about loyalty....its about facts............


some of the smartest are whites who start a new life in China...........

extracts from HLB

Pengerang. PIC starts up plans remain in place. As at end March 2020, PICPetChem is 99.99% complete. Performance test runs being undertaken and are
expected to be completed by 2H20 before commercial production commences.

Maintain HOLD with lower TP: RM4.42. Post earnings adjustment, we downgrade
our call to SELL from a Hold rating with a lower TP of RM4.42 (from RM5.06). We
take this opportunity to roll our valuation into mid-FY21. Our TP is based on a multiple
of 6x mid-FY21 EV/EBITDA.
---------------------------------------------------

cannot lah this HLB....PIC 99% completed and soon commence productions and no indication they have factored that in......and gives such a low 6X EV/EBITA valuation to existing business. cannot pakai.

yeah, gloves truly only game in town.....

adjusting for forex hedging losses Hartalega results ($ 40 million) and Supermax results adds fuel ......

Supermax...profits doubled, price doubled...........the rest up to market lah......and FOMO..........

it's all about character...
nothing to add

sslee.... Supermax results doubled..... but otb/kyy assume comfort quarterly results up 400%... in the meantime Supermax share buy back.... comfort directors selling like no tomorrow

Supermax met all expectations, what next?

IBs? IB analysts got a lot of independence ...They also simply wag if they have personal interests..........but they also see what each other are doing.......other IB wag, they also wag lah........

play the market for what its worth............also need skill and talent......

IBs? IB analysts bought a lot of gloves in their personal names lah..........work and personal mixed up already


The fact that it is the only game in town.......

its a game....win is king, lose, start again.......

KYY's brilliance in identifying the only game in town.........

corona come...........the country has made defeating virus one of their proudest moments...........

in America, virus come....their saddest moment.

I can say without a doubt happiness in China one of the highest in the world.

pitiful when Malaysian /HK Chinese bad mouth Chinese....

pitiful also because 21 century is China century....time to be proud also become shamed........

DickyMe > May 20, 2020 4:08 PM | Report Abuse

Perhaps, their goal is not to flex muscle but to swindle wealth.
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when China was poor not enough to eat, swindlers every where.

outdated already

now Malaysia poorer and more swindlers..........


too long already....Chinese fight Chinese..

now, China united...so far?


Malaysian Chinese still bad mouthing Chinese?



no need white man bad mouth Chinese

Malaysian /HK Chinese do it even better...........

every IB also issue buy calls with higher and higher Tp...only game in town is back.....so how?

of course KYY/OTB can also say gloves prices increase by 100%.......

aiyah..philips...............when u talk about the future, u don't start with " assume" , what u start with? That God told u?

the whole world full of stories about PPE crisis, about shortages and even about America hijacking PPE......so assume lah.........

u like frogs?