i think becos little foreign funds, little damage.

and/or... glove counters rise reduced the damage.

And hartalega.

STI seems to be totally following Dow these days.

trading hours, it follows dow futures... when green, STI green... red, follow red...

appears directionless on its own.

yes, i am.
https://forum.lowyat.net/topic/3854236/+6280

yes... very sad and sour... like lifeless... just bouncing around, follow dow/dow futures.

lucky i got bursa to keep me active!

no, i meant it follows the direction.

but when dow gains 2%, STI gains 1%.

when dow lose 1%, it loses 2%.

there is a glove frenzy at bursa, kinda like a tesla runaway at nasdaq... u already know:
this has been going on since april... and is unabated... likely to continue.

https://www.thestar.com.my/business/busines...drives-fbm-klci
https://www.theedgemarkets.com/article/pass...as-weekly-total

i took a look at Riverstone, a co. listed on SGX but is a malaysian one, with factories in perak, thailand and china.
it has also spiked handsomely like their malaysian bros but got less attention, naturally.
with the bigger malaysian boys gearing up for insane profits in their coming 2Q reporting in Aug, their prices on bursa are expected to run even higher.

the question is... will riverstone see the same?
it went from 1.17 in may to 3.26 on july 9, a 178% gain.
the last target price of sgd3.12 has been surpassed.

now... compare with topglove a market leader but pretty steady... from rm7 to 22 over the same period - a 214% gain.
the thing is topglove has been given a target price of rm25 by many and rm30 by some.
of course, riverstone is a smaller co, like 1/6 that of topglove which is now the largest by capitalization and no.4 on bursa.
but its has similar traits, features, characteristics - nitrile gloves, automation, new lines coming on soon, int'l markets.

anyone into this or have some interest?!

added:

new target price is now 3.90.
http://www.sharejunction.com/sharejunction...DINGS%20LIMITED
https://klse.i3investor.com/blogs/Riverston..._glove_king.jsp

This post has been edited by AVFAN: Jul 12 2020, 10:36 PM

see what i mean?

dow +369, all asia pac green.... STI is red.

haiz....

but... i did something right early this morning.

Riverstone +7%.

i dunno what that is!

i have been trading gloves at bursa for >2 weeks now.

hesitated with this riverstone last week but went in today.

only gloves.

nothing else.

some crazy profit taking or what?!

riverstone also went from +7% to -5%... WTH?!!

never mind, bought some more!

1.74. u still hv profit for the second half!

the response:
https://links.sgx.com/FileOpen/UG%20Healthc...t&FileID=623439

will see reaction tmr.

hoo....

i don't even know what i do sometimes.

Singapore’s economy contracts 12.6% year over year in the second quarter
https://www.cnbc.com/2020/07/14/singapores-...-over-year.html

i think so too.

that's why i added more riverstone yesterday!

i rec'd a screenshot of a broker's new restriction on UG, Riverstone and SG edevelopment.

online - can sell... but cannot buy, must call broker.

not good news...

This post has been edited by AVFAN: Jul 15 2020, 02:35 PM

dunno if the disturbances have been cleared... but UG and RS have both moved up nicely today.

well, after the tornado in bursa gloves...

UG... 1.76, +6%

riverstone... 3.42, +8%