IBs, use this last chance to use your balance stock to tekan this counter, such chances are getting slimmer and slimmer as all major vaccine news already out....very hard for other bad news to drop price other than whole factory burn down....

After this period, very likely green all the way starting 2021.

such deep deficits already....still got mood to bring this up?

which crony want to feed this time?

@Mak_kiah sector wide push down, no one spared, big or small

partly also due to uncertainty of budget getting approved this coming thursday, almost all klci index counter drop.

Syed Saddiq, please propose that you and all your dewan colleages cut salary 20%...

ini baru macam on the same boat

sbb will continue until rm8....collecting shares for hong kong listing....

@goddar

tax paid

http://www.insage.com.my/BursaNews/Attachment/202011/20201123/HLT-AN20201123A1-1.pdf

the glove sale numbers were pretty good, but surprising that their glove dipping lines segment didn't record any significant increase of revenue considering that so many glove manufacturers are in full speed to increase their lines count.

also kena sued by WRP....

i do foresee that some of topglove's export customer may demand further clarification on this matter and put receipt of new gloves on hold.

might go lower before going higher....can hedge with supermax or diversify into recovery counters like pos or serba.

too bad tomorrow no trading, feel like momentum won't continue next monday...

but who knows, upside surprise always welcomed :)

losing steam liao....waiting for crucial 4.50pm....

wish i got extra cash, i want to be in this counter....

please don't limit up, reversal also very quick and furious....

better slowly rise, max 10% today.

breakout not considered confirmed yet, if can sustain this kind of momentum next trading day on monday, then only good news....

those enter position for momentum trade, set your stop loss properly.

buy this together with BAT, both recovery play

breakout not confirmed yet, could be a false and very short term one....set your cut loss carefully if momentum trading...

these execs sold their current holdings, not vested holdings through conditional stock options.....

these options are many times more than their yearly salary...

@JJchan

Anything is possible with malaysian politics, certain common sense "certainty" can be hijacked for political positioning now....

These politicians don't give a shit to the common people and taxpayers (this is the only utmost certainty in our political environment).

The government could have gone all the way to limit transshipment for only 1 port each of east and west malaysia respectively. More clarity on this would be best, now only say (at best), got limit, but don't know what is the actual limit.

But still, i'm going to take position in this....

Is this going to be subsription only information?

true that nobody disputing on cigarette items, but if budget don't pass, this item ain't happening.

But it is good to take position now before full clarity, riskier, but i think worth it.

I'm going to readjust my portfolio holdings to include this counter within this month.

What about TSH?

if budget 2020 cannot pass, back to square one.....better wait till parliament done with budget voting next week...

i'm very interested in this

super, please max your price!

why keep saying IB tekan price?

no general sentiment to add more glove positions, price sure won't move la....

Still super...but the share price not max anymore T_T

if tan sri personally buy back will be more convincing....

now just using company's cash to buy back shares.....

but anyway, not a bad idea to accumulate some treasury stocks to be distributed for future hong kong listing without too much dilution...

@leslieroycarter
Don't see short term/daily movements. EPF (many other funds also) maintain a floating range of holdings, they will trade to make many tens of thousands daily to take advantage of the volatility.

tomorrow down again, maybe limit down....then new bottom around 7.50....

this will continue throughout the week

Pfizer and biontech's vaccine shows really good efficacy....aboce 90%, seriously good.

Really bad for gloves sentiment....

But, upon closer and further reading, there is just one huge problem to their mRNA type vaccine, requirements for supercooled storage (ideally -70C to -80C) for prolonged storage and transportation.

This is a definite logistical nightmare as even in US, only a very select handful of very established health institutions have such supercooled chiller facilities, most don't have these type of chillers and are now rushing to procure it. This is going to hinder their roll out within US itself, don't even think about other less developed countries. Normal fridge, can only last up to 5 days.

Think about the added costs, does not bode very well with global roll out. Normal fridge (2C to 8C), can only last up to 5 days. VERY FRAGILE VACCINE!

https://www.thestar.com.my/news/world/2020/11/10/why-pfizers-ultra-cold-covid-19-vaccine-will-not-be-at-the-local-pharmacy-any-time-soon

if follow mercator trend, will should be looking at 12 right now....

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MBMR or POS better?

wakao....end red T__T

looks like really need to wait 2 quarters for things to realise and settle....feeling impatient, but have to tahan!

Why keep blaming IBs? Yes they would hold some shares to hedge against their CW and for some market push factor. But in reality, they don't really have THAT much to push the whole segment market wide down.

Funds are selling, foreign funds are running, partly due to US election, but mainly due to our local political instability. Topglove had the highest foreign fund outflow last week among all counters, imagine the total impact in glove sector.

If Muhyiddin's administration currently can be as stable like in the beginning of MCO, we are likely at new highs by now.

why keep saying IB press down...

the real matter is that foreign funds selling shares wad....in newspaper also say topglove has the most foreign outflow last week....

kind of illogical...

4 months ago was rated A, now just suddenly drop to D? It is like suddenly topglove became delinquent in such a short span of time?

Amfori should really give more details where they fall short in such a short span of time, tak kan topglove purposely want to fail right?

There are 11 metrics of BSCI, suddenly all 11 on average almost all fail? Is it because copy/paste CBP allegations? Or because paperwork issue?

wah...harta steady la....

@Tokay111

unless clearcut landslide win, there will be a lot of arguments between the 2 presidential candidates till inauguration day on 20jan2021....

it will be a choppy ride for the next 2 quarters....

tomorrow one more round....then only calm....

i wished i got more cash on hand, i want in T_T

i'm not that concerned about windfall tax, i more concerned about government allowing withdrawal of account 1 in epf....this one really waterfall when the redemption peak sets in....

i wished i got more cash on hand, i want in....

@Sinoboy
The 4 big glove counters are no longer small cap that can easily push up or down, there are no longer mid caps but big caps that normally we associate to large conglomerates, banks, utilities etc.

mainly :
1) foreign funds view malaysia risky, mainly from our really crappy political situation now. They don't really care whether the government is good or not in the medium term, they are more concerned about stability, continuity, and predictability. So with every few weeks, someone is having some plans to grab the administration, even we locals feel sick. Only foreign money with big flows can really move price for large cap expensive stocks. If they are not here, range bound more likely than not
2) US election, always like that one, because US has the largest fund flows all over the world. They will stay sideline to shift money back/away depending on who is elected...just don't want to get caught at the wrong end...
3) local funds also having a wave of redemption, continued selling to payout investors
4) retail participation will be muted due to lower disposable cash/more savings for rainy days, and general low sentiment brought by (again) shitty political landscape

@ToneeFa
No la....too high liao....if really like that, i on loud hailer scream next to Supermax main shareholders to PRIVATISE NOW when it is dirt cheap undervalued and unappreciated (like daiman some time ago).

US$10B now really not bad already...12B at a stretch till end of 2020...malaysian market also not that open, so got valuation markdown.

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@ToneeFa

US$10B....yes it is a HUGE LOAD of money...but view from the scale of a country, it is a really small price to pay for something so strategic.

Supermax's production volume is pretty much exactly the annual requirements for their gloves, with a handful of billions for strategic reserves stockpilling.

For something so simple yet crucial that is absolutely essential to saving lives in a pandemic, US$10B is really pittance compared to the loss of so many lives and (through economic sense) the loss of future potential productivity and tax income if those lives weren't lost.

And best of all, secure whole country's glove needs in one go, for perpetuity....from the grander scale of things, US$10B really lelong price...

forget about getting IB advice on valuation, just appoint anyone NOW and just straight offer US$10B NOW...don't need waste time....just make public announcement NOW!

Muhyiddin also happy....supermax shareholders also happy....you lagi happy because no need to fight for que for next batch of supply....

lai lai lelong lelong...US$10B only....next month US$11B liao....no joke, no trash valuation, pure gloves for your medical requirements for WHOLE COUNTRY....act NOW!

Can form consortium.....3M+healthcare+pharma groups....better than speculating on the next big thing on risky acquisitions....

lai lai Supermax lelong lelong....US$10B only....

2 years later you float in NYSE, definitely more than double valuation....

here is a chance to display true MAGA power....instead of spending so much $$$ on unproductive campaign rallies, put your $$$ to good use, buy Supermax, secure your country's glove supply in perpetuity, the returns (both tangible and intangible) definitely more than what you invest now!!

no regret....best deal....for us and your country!!! Trump...lai lai lai....show us real MAGA $$$...

Make America Great Again!

US government, i give you proposal, just buy Supermax....just USD10B only, you secured your whole country's glove demand....

US$10B ONLY....small change to your Fed balance sheet, like rounding difference only....lai lelong lelong...just 80% premium of today's closing....

lelong lelong.....just give me 1 million advisory fee....

foreign funds are running out of our markets, how to chiong the share price with merely local funds?

if supermax listed in US, then yes, there would be an insane PE of at least 100x...but supermax in malaysia....

the most optimistic scenario is that all the foreign funds rushing in to buy glove stocks in malaysia, but our market has limit de....if can break new highs 6 months down the road, very good lor....

Post removed.Why?

2 more quarters of growing solid earning required for another FOMO rush...which means next year after Us president officially inaugurated....too many political uncertainties internally and externally which makes big funds cautious in pouring money into emerging markets....

the fact of the day is that malaysia is among the lowest preference for money flows of foreign funds into emerging markets, mahathir just poured more cold water with his twitter warrior instincts (just plain cruel way of thought; a genuine muslim won't say things this outrageous even in rage) so no more limit up days in the future for big gloves...

but i feel still will trend up, just not going to be fast and furious like the period between april to july...more like 2 step forward, 1 step back...

those wanting to swing trade, be very cautious and avoid indexed counters.