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There are too many sour grapes in the market who missed the gloves price hike. Spreading fear that we are in a bubble that is about to burst. They are so sour that they can turned into one of the best quality vinegar.
Top gloves' coming announcement will prove them wrong, their PE will be justified. Based on the fundamental fact that the business is secured until 2021, with the ASP taking place.
Look at the coronavirus cases, are they slowing down? Look at the statistic from John Hopkin's, we are still on a rapid spread and cases are not slowing down at all!
More countries are trying to open up and 2nd waves are inevitable in some countries. We should be prove that our Glove makers are making a difference in the world.
Target price RM24.
Remember, dont let those sour grapes ruin your investment and bite on your tickets. Good luck!
This la - proper comment. Got good logic, and due diligence , not like some ah pek, only follow and goreng and then scare... when some newspaper put out some news.
MR Eric Lee, if you come here to ask advice, i think it's better off for you let it go. You are unqualified and don't have balls to goreng stock. You must remember, historically speaking, even market crash, its only like 30-40% max discount, and then rally back to 10-15% within short few weeks.
If you that scare, sell please. I want to buy more.
Business confirmed secure until July, i believe they have secured beyond that looking at the outbreak and 2nd waves happening! PE will be justified. Who secure business for the next 12 months? The business is already locked in. We should be proud and happy to support Top Glove as Malaysian!
Read la! Confirmed coronavirus cases are rising faster than ever
By Emma Reynolds and Henrik Pettersson, CNN
Updated 1454 GMT (2254 HKT) June 5, 2020
(CNN)New cases of the novel coronavirus are rising faster than ever worldwide, at a rate of more than 100,000 a day over a seven-day average.
In April, new cases never topped 100,000 in one day, but since May 21, there have only been less than 100,000 on five days, according to data from Johns Hopkins University. Newly reported cases reached a high of 130,400 on June 3.
The increase in case rates may be partially explained by increases in testing capacity, but there's still not enough testing to capture an accurate picture in
I buy Top Glove shares at RM9, I panic sell at RM10 & buy at RM12.98. Then margin call crash I sell at loss at RM12.70, but I buyback at RM12.80.
I damn confident now that Top Glove can surge a lot due to situations are in their favour now. I lose money because I "SELL LOW" due to "Emotions" from "negative people" saying "it's gonna burst bubble". If I never listen to fake news & negative people, I will EARN a lot because I buy at RM9 & never sell. Please don't make my mistake.
1. - (Covid-19) 7,000,000 mil hits global cases. Heading to 10M.
2. - (Covid-19) 2,000,000 mil hits Uncle Sam cases. Heading to double.
3. - KLCI flying with 40 intensive worth 35B.
4. - CMCO extended to 30 August by Govt.
5. - Top Glove done (ESOS) big amount. Refreshing and will lead all gloves movement.
6. - IB's will revise their new target after they done 2 days tricky. Accumulated lowest.
7. - I say time to aggressive fly. You wont get cheap prices on Gloves sector this June. Playing high target on gloves this week also awaiting excellent and superb Top Gloves result on Thursday.
2. "GRAB THIS OPPORTUNITY IN JUNE. NO CHEAP PRICES ON JULY"
1. - Expect Covid-19 heading to 10,000,000 within another 3 months
2. - Expect Covid-19 heading to 5,000,000 within another 3 months
3. - Most Gloves cw's not expiring on June. So my predicting is another flying call warrants in the making
4. - Business allowed to operate full capacity soon. Its mean Government had allowed rubber glove industry to run at full capacity and service providers as well as raw materials and packaging suppliers in the rubber glove industry can continue operating. So the production can fullfill all ordered and demand received. Its good move because Malaysia is expected to produce 220 billion pieces of rubber gloves this year.
3. "MARGIN LIMITING/CAPPING BY IB'S"
1. - Good ideas from IB's by capping the margin account.
I am forsee start from June all gloves movements will going stablize and continue to be next rally. Dont worries about "Correction" because correction always did when you are panics selling with no reason such like "margin capping issue". So on 1st and 2nd June, from my view, I just base on 2 big gloves. Top Glove and Harta. By looking at trend sell & buy. Both are defending at certain level, where i can see both are creating new supports and can't go lower. With Harta last minute big push gapped -12 bids. So i assume next day new support will be created again. So Harta will standback at @13.0 and Top Glove @15.0. However impossible the force sell to stop immediately but it still. So 70% of my view, I am forsees nextday will have a balancing before the force sell to stop.
2. - Investment banks (IB'S) could have done this for two reasons :-
Firstly, they feared glove overvalued. By then trying to avoid losses later by margin calls
Secondly, they are losing too much money in issuing too many glove call warrants. As call glove stocks continue going up while they are suffering tremendous losses from call warrants.
So, from my view and my side they are playing something now, but I am not saying they are cheating but 'smarting". Since Malaysia is a free market they should let free trading decide by limiting margin only showing banks are now weak and vulnerable."Maybe".
3. - What a Margin Capping's this? Just an example. Lets see 2 Ib's for study :
A. MayBank Investment Bank Bhd (Top Glove)
Target Price : RM20.00
Margin account Capping at RM9.41
B. RHB Investment Bank Bhd (Supermax)
Target Price : RM10.50
Margin a/c Capping at 35% or RM5.00
So, I belief they issued too many European structure call warrant especially Supermax and Top Glove call warrant and never expect also imagine Supermax and Top Glove. Both gap up and flew sky high in a very short time and caught them off guard. So they take immediate action with tis new rules.
4. So, for Me as I said :-
1. "Yes, It's Hot; But No, Your Gas Tank Won't Explode If You Fill It Up"
2. "When you put the tight CAP in hot bottles. The explode will come"
3. "Spectacular example, simply put some dry ice in an empty soda bottle, screw the cap on tightly, and stand back. As the dry ice sublimates, the bottle will fill (and then overfill) with CO2 gas. When a critical pressure is reached, the soda bottle will give out, and the makeshift pressure bomb will detonate"
4."Boom for Gloves in the making waves 3"
When CPO reach 6000, government introduced windfall tax on oil palm. Does government going to introduce windfall tax for gloves manufacturers to help the rubber small holders?Trade with cautious.
