Shorties. Bursa may consider banning RSS again.

RSS players will shift to recovery sector. Get Bursa to ban RSS again.

I haven't received dividend too.

Shareholders will receive dividend in the afternoon. Bullets are available to attack in 2nd session.

Holding strong. IB are shaking out weak holders.

Shorties are shivering and closing their short position.

Friday, Foreigner is the big net buyer worth 435 million.

Big volume on Friday. Possible of Shorties cut loss. I doubt Bursa update Net short position in an exact timely manner.

Agreed. Bursa is slightly lagging to update the data in Net Short Position. I also can’t tally the figures RSS daily report for Harta and Supermax for last week. The difference is small and less than 10% of Net short positions.

Posted by invest200 > Jan 10, 2021 12:18 PM | Report Abuse

Ben, thank you for the effort to share this piece of valuable information and analysis. I am also tracking the PSS and RSS data since early December. From my understanding, the date printed on the net short position from bursa should be for a day earlier closing. For example, the latest net short data from bursa stated for 8/jan/2021 was actually for the closing of 7/jan/2021. However the date for total short selling for the day is correct. If you do the net short position date adjustment, you will find that the short seller/s hardly cover any of their position(for all Big4) from Monday to Thursday. We will need to wait for next Monday bursa’s data to see the short position for last Friday. If it still show no cover of short position, the short sellers are in greater risk. A point to note, there were a few days (21 and 22 December) that the short position didn’t change, but all changes were appeared on the 23 December(the changes were more than the total trade volume for the Big4 on 23 December), this could be due to either bursa ‘lazy’ to update or the shorties didn’t update bursa properly. This will confuse the market.

Good summary, Alvin

Posted by AlvinTSK > Jan 10, 2021 12:36 PM | Report Abuse

Overall review:-

EPF interested in buying again with ESG fulfillment
Crossed buying from recovery market sell off
Covid mutation in UK, may lead to potential epidemic
Vaccine faced production capacity limitation
Vaccine faced distribution issue
Vaccine had allergy effect
Vaccine do not have testing for long term side effect
Vaccine not recommended for under 16
Vaccine not recommended for pregnant mom
Covid to spike from now till end of Feb
ASP for glove to rise 20-30% in this quarter
Order in hand for FY21 and FY22 still in tag
Record breaking RM 3.5B PAT coming QR
Additional 10% capacity in the coming quarter
Worker act issue and accomodation to be settle this month
US Ban in final discussion, expected to be resume export in Jan
Management continue to buy in and provide support line
Glove demand expected to rise by 20-30% in FY21
Divident at least 10% for FY21 with the current price

It is entirely different world. Therefore, covid is spreading at hyper speed.

It is not important in Singapore but it doesn't mean not important in US and UK where covid wide spreading.

Singapore has donated their gloves to the nations needed desperately.

Local IBS are doing good business in selling CWs. You and I don't buy but many retailers out there go betting CWs. CWs are catered for retailers and sucking blood like 4 ekor. I did not say IBs are saints.

Posted by Morpheus61 > Jan 9, 2021 3:31 PM | Report Abuse

Besides I don't subscribe to your theory that Foreign Funds are Shorting and the local IB are victims. Big Time BS. The only people who have a vested interest in Shorting are the local IB who have issued the CFD's

Run fast. IBS are cornering the whale now.

It is the local IBS who summons troops to attack Shorties. Wake up alien shorties.

Retailers are unable to lead the whole sector up and down as they wish. IBs are not saints but they have the resources to do it so.

RSS is mostly engaged by foreign institutional i am not mistaken.

IBs are doing their business in a legal manner but it is not morally accepted in certain cases. IBs want the glove share price trade at higher prices for selling the undemanding CWs at high exercise prices.

Posted by Morpheus61 > Jan 9, 2021 2:24 PM | Report Abuse

What's in it for you to make the local IB look like saints ?

They are the crooks that issued those BETS called Structured Warrants.

Foreign institutional.

Possible of major differences between Shorties and local IBS.

Shorties wake up time . Glove sector would not soar if local IBS did not get involve to lead the market.

Nothing wrong cut loss in RSS and help us to push Topglove price to 9.

Gloves sector is on recovery play after being downplaying for 3 months.

It is certainly foreign funds with the assistance of J..P

Posted by Orlando > Jan 9, 2021 1:23 PM | Report Abuse

Emmm... who r ths people ths SS?? If can tell thn can counter better

JPMorgan a cahoot?

Shorties better act fast in RSS. Topglove shareholders are looking forward RM 2 billion cash dividend 3 months latter.

Shorties. Show your final god power of dumping another 140 million shares.

Balance. You are right. Shorties have shorted glove industry rm 1.6 billion so far.

Shorties have different agenda for shorting cash rich company but they are on backfire now.

RSS are loosing steams. Pls use up the balance 140m shares

RSS in shares
8 Jan - 23m
7 Jan - 35.2m
6 Jan - 13.4m
5 Jan - 18.4m
4 Jan - 106m

Is there any margin call for RSS operandi?

RSS was targeting Topglove for the last 5 days. In average, shorties are suffering paper loss rm 267 million base FIFO and the closing price on Friday.

Topglove - RSS in rm 1097 million @ average price 5.6
Harta - RSS in rm 332 million @ average price 10.66
Kossan - RSS in rm 134 million @ average price 4.06

Ben Tan. Nice sharing. RSS was targeting Topglove for the last 5 days. In average, shorties are suffering paper loss rm 267 million base FIFO and the closing price on Friday.

Topglove - RSS in rm 1097 million @ average price 5.6
Harta - RSS in rm 332 million @ average price 10.66
Kossan - RSS in rm 134 million @ average price 4.06

Mekong water disruption in short term.

https://thediplomat.com/2021/01/china-belatedly-notifies-mekong-nations-of-river-disruption/

RSS players are going to cut loss at 8. First batch 100 million shares RSS at average price 5.4 is suffering paper loss 20% now.

All commodity products related business example Palm Oil, Steel, aluminum, tin, O&G, poultry is cyclical. talking bad of gloves alike taking bad of palm oil business.

All commodity products related business example Palm Oil, Steel, aluminum, tin, O&G, poultry is cyclical.

MSC is going enjoy windfall profit and not much different with gloves. Nothing to shout.

stock market is about making money and nothing else. IBS talked bad about gloves sector because they wanted to slashed payouts to CW holders in last 2 mth. This time, IBS wanted to slaughter Shorties for making fast money. Shorties are now a fat white sheep to IBS.

stock market is about making money and nothing else. IBS talked bad about gloves sector because they wanted to slashed payouts to CW holders in last 2 mth. This time, IBS wanted to slaughter Shorties for making fast money.

Posted by ToneeFa > Jan 8, 2021 10:42 PM | Report Abuse

@supermaxdarren I am so amaze with bursa investors. We all know our gloves are for export and mainly on Europe and USA. Bursa investors don’t care lock down in England, France and etc. they only care mco 2.0 in Malaysia. By right mco does not affect their revenues and future order..but share price shoot up due to coming mco.
08/01/2021 10:24 PM

The problem is always more real when it hits home. Just early last month, most analysts were still saying the pandemic is over and glove is finished and gloves supernormal profit cycle is finished. Game over. But today, it hits home that we are staring at Pandemic 2.0 which without doubt will be many times worse than Pandemic 1.0. So not only glove is not over but the demand will be even more intensified and although supernormal profit cycle is over, we are now moving into ultranormal profit cycle.

First round, IBS push up the mother prices and sell CWs. Second round, Shorties rush to buy back shares shorted and drive the mother share price higher for CWs selling at better prices.

This time foreign hedge funds (shorties) will be eaten by local IBS & Funds and EPF.

Shorties have to buy back shares and return to EPF before the end of their SBL date.

local IBS have close contacts with government top officials. It is easy to get help from them as what had happened Topglove last month.

IBS can simply make more than hundred million in few weeks. Shorties are caught in the middle while IBS are sharpening knives .

6 local IBs are taking the sudden reverse trend killing shorties to max their interests.

local IBs are driving the share prices higher to hedge their position in low exercise price CW C71 to C84. At the same time, they are selling SW C85 to C1C at good prices. Many more in similar ways for Supermax, Kossan, Harta, Rubberex and Comfort.

Post removed.Why?

Portfolio returned to the green in a single day.

We had been suffering mentally from the shorties actions in the past few days. Karma to shorties now.