Good insight, RSS focus on shorting Top Glove, and take the opportunity (retailers' panic selling) to recover their short positions in other TOP 3 Glove Makers. Let's hold tight and wait for the next uptrend soon.
prepandemic Profit for TG is about 90m per quarter , a very simplistic view , if rm200m profit price should be 2.80 . why this Monymaker like to fake data , easy to check
Short sellers continue to short sell Top Glove yesterday but buying back Kossan short positions remaining 1.09% and Supermax short positions unchanged 0.74%
Supermax too many baggages from US CBP ban and Canada federal contract ban and other top 3 glove companies will take advantage of Supermax export ban to these 2 large buyers countries
I don't see any reason for a super fast and high rebounce; if there is any it could only happen with some positive news or some speculative activities.
One can never tell if there's any sudden trend reversal with the world still in bad shape n covid still everywhere surging, what more the new variants here.
TOPGLOV Quarter Report History Date Financial Year Quarter Revenue (RM,000) PBT (RM,000) Net Profit (RM,000) EPS (Cent) Div (Cent) NTA (RM) QoQ (%) YoY (%) 17 Sep 21 31 Aug 21 Q4 Aug 21 2,116,391 729,516 607,947 7.59 5.40 0.750 Malaysia Stock - KLSE Quarter Report History 70% Malaysia Stock - KLSE Quarter Report History 53% 09 Jun 21 31 Aug 21 Q3 May 21 4,162,744 2,603,506 2,036,165 25.44 18.00 0.860 Malaysia Stock - KLSE Quarter Report History 29% Malaysia Stock - KLSE Quarter Report History 485% 09 Mar 21 31 Aug 21 Q2 Feb 21 5,365,482 3,724,994 2,868,977 35.77 25.20 0.860 Malaysia Stock - KLSE Quarter Report History 21% Malaysia Stock - KLSE Quarter Report History 2380% 09 Dec 20 31 Aug 21 Q1 Nov 20 4,759,253 3,095,525 2,375,775 29.64 16.50 0.690 Malaysia Stock - KLSE Quarter Report History 84% Malaysia Stock - KLSE Quarter Report History 2032% 17 Sep 20 31 Aug 20 Q4 Aug 20 3,109,116 1,623,554 1,291,995 15.95 8.50 0.610 Malaysia Stock - KLSE Quarter Report History 271% Malaysia Stock - KLSE Quarter Report History 1514% 11 Jun 20 31 Aug 20 Q3 May 20 1,688,324 422,020 347,895 13.59 10.00 1.290 Malaysia Stock - KLSE Quarter Report History 201% Malaysia Stock - KLSE Quarter Report History 366% 19 Mar 20 31 Aug 20 Q2 Feb 20 1,229,777 130,374 115,683 4.52 0.00 1.550 Malaysia Stock - KLSE Quarter Report History 4% Malaysia Stock - KLSE Quarter Report History 9% 17 Dec 19 31 Aug 20 Q1 Nov 19 1,209,100 125,452 111,426 4.36 0.00 1.010 Malaysia Stock - KLSE Quarter Report History 39% Malaysia Stock - KLSE Quarter Report History 1% 26 Sep 19 31 Aug 19 Q4 Aug 19 1,189,594 81,160 80,052 3.13 4.00 0.950 Malaysia Stock - KLSE Quarter Report History 7% Malaysia Stock - KLSE Quarter Report History 21% 18 Jun 19 31 Aug 19 Q3 May 19 1,190,235 82,239 74,665 2.92 3.50 0.970 Malaysia Stock - KLSE Quarter Report History 29% Malaysia Stock - KLSE Quarter Report History 36% 22 Mar 19 31 Aug 19 Q2 Feb 19 1,159,965 125,470 105,792 4.14 0.00 0.980 Malaysia Stock - KLSE Quarter Report History 4% Malaysia Stock - KLSE Quarter Report History 3% 17 Dec 18 31 Aug 19 Q1 Nov 18 1,261,965 141,879 110,055 4.31 0.00 0.970 Malaysia Stock - KLSE Quarter Report History 8% Malaysia Stock - KLSE Quarter Report History 4% 1 2 3 4 5
JOHANNESBURG, Dec 8 (Reuters) - South Africa reported nearly 20,000 new COVID-19 cases on Wednesday, a record since the Omicron variant was detected, and 36 new COVID-related deaths.
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....
Benhobenhobenho
1,457 posts
Posted by Benhobenhobenho > 2021-12-08 22:04 | Report Abuse
Even at 200 mil per q, this is a considerably huge profit n how many companies in bursa can make this kind of profit not to mention loss for many.