The Employees Provident Fund (EPF) has emerged as the substantial shareholder of Hartalega Holdings Bhd, after buying 174.32 million shares or 5.09% stake in the rubber glove maker company. The block was purchased by EPF on Nov 17 (Tuesday)
Top Glove Corp Bhd has spent close to RM1 billion, buying back its own shares since September. The world’s largest glove maker forked out RM69.94 million today to buy 9.58 million shares on the open market
Careplus CEO and wife bought 400k of careplus shares. Top Glove bought back shares, EPF buying Harta shares
Smart people know where the money is going.
Top Glove QR expected to come out on Dec 9. High profits reported despite vaccine news will push glove counter prices higher and prove the 'vaccine is bad news for gloves' theory wrong.
We have been over optimistic on glove and the reality is the bull run is over and whatever that can hype the market is already stale. Be it vacine, new entrant, higher asp, super PAT. Just take it easy and ride on it.as it comes. No more talking of gap up or LU. BE REAL FOLKS.
Glove overall be in a good position when all say it is a losing game now. But all of us know that the Companies are earning tons of money compared to other industry. Recovery for other industry? Maybe. But I doubt 60% of the industry players are catching up especially those sunset companies with traditional thinking will goes off soon.
Health DG reveals Top Glove positive rate is 43.8% , which means 1 in 2 workers tested . Careplus positive rate is nowhere near that . Face it . All Top Gloves packaged gloves so far has to be tested for contamination and that will take 1 month . Careplus is going to soar tomorrow as orders shift to them due to fear of contaminated goods by Top Glove . A wise move would be to spend less time fear mongering here and go sell your shares over there while you can .
Don't worry about Topglove... Shutdown on the factories brings temporary halt to production... After tests and lockdown.. would resume back with operations... All other glove manufacturers including Careplus would definitely be more vigilant and do in house tests for safety purposes... Otherwise production of gloves would be full steam with outstripped orders... which translates to continous profit margins... hold your shares based on proper facts.... Vaccines are not going to close off demand for gloves.. instead will increase the need for usages... and also not on hearsays from some sincere alike big heroes who're advising you to sell off and run with losses... these are people who hold different intentions telling you... when it's not their cash you're owning.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
RealTrader
80 posts
Posted by RealTrader > 2020-11-22 07:51 | Report Abuse
“Covid-19 vaccine for Malaysia still a long way to go“