Haha... As I know, everytime Top Glove build factory, it use the Steel Bar from Southern Steel, and used the cement from YTL cement, CCTV is installed by Digistar, toilet paper is using NTPM, the uniform is manufactured by PCCS, the stationery is supply by Faber Castell, water is from syabas, electricity from TNB, bank account is from Public Bank.
Then can I link these companies to Topglove? haha.
Wow... glove production assembly also dig up but currently not much going on.
We do service a couple of them, but sad to say there is not much expansion going on right now. There will be some action once covid19 is over in my opinion (before this big 4 already over capacity).
However I do not think the expansion will provide a big boost. It is the parts that matters more from what I was told. Even with stainless steel parts, it does not last long and requires constant replacement (few times a year).
syndicates are like bankers they control the game, unless market suddenly CRASH if not they can always stop where they like controlling the price movement..Morning buy 5 lots at 65.5 to 67 sen n just let go at 71.sen, make about RM160 for tonight dinner n tomorrow morning breakfast.Maybe can go up somemore but have to let others make some.
Now counters going up doesn't make business sen n WORST still when the stock prices dive n it become totally SENSELESS, maybe 25% of their NTA n with NETT CASH n dividend. The fact is syndicate doesn't have big holding in this share n very limited shares for them to goreng n. need fund manager to buy n push their prices up VERY SLOWLY like tortoise moving BUT SAFE n UNINTERESTING.
7-8-20 fly up to 0.79. Today is the 2+1 force selling last day (11-8-20). The operator flushes off all those weak contra players today.Those who can hold longer don't have to worry.
Next round when the bull market begin this is the counter to watch, coming down too fast with low volume, syndicate still holding to the stocks, just bought 3000 shares again until 62.5sen, 500shares at a time with 1 sen variation starting from 66.5 sen. intend to do the same starting at 60 sen 500 shares tomorrow until...
buying 500 shares at a time also TERUK, hard luck for those buying 5000 shares at any one time.Most probably syndicate already throwing down the towel, doesn't make sense now selling between 50 to 52 sen now. just got 51sen n 50.5 sen total 1,000 shares, let see tomorrow if they want to throw again, yesterday closing also kena 1000 shares @63
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....
targetinvest
2,674 posts
Posted by targetinvest > 2020-08-07 00:25 | Report Abuse
Tak percaya lu boleh tengok how dia link
KSSC 100% owned KSG ENGINEERING SDN BHD
KSG ENGINEERING BHD service customer TOPGLOVE KOSSAN LATEXX PARTNER and banyak lagi
https://klse.i3investor.com/blogs/targetinvest/2020-08-07-story-h1511583647-KSSC_HIDDEN_GEM_IN_GLOVE_DIPPING_LINE_CUSTOMER_IS_TOPGLOVE_KOSSAN_AND_O.jsp