Here is what 5 minutes of work can do ...

This exercise is to test out the theory of the risk on the buybacks...

See we understand and know that TopGlove has bought a shit load of shares. Day in day out buyback, continuously for so many days...
So it would be good that we tabulate out the number of shares they bought and the monetary value of the shares it bought....



p/s do double check and verify... ppl like me can make mistakes. I am only human.

What I got so far is ....

Total number shares bought during this period.... 153,604,900
Sum paid for these shares = RM1,116,419,996.49

.... and the average price for these shares is ... 7.268127
woooooo..... paper loss when based on yesterday closing price of 6.65
Based on 6.65, these treasury shares is only worth 1,021,472,585.00

Which means a paper loss of RM94,947,411.49

Paper loss of 94.9 million.
Yes, I have been calling it out loud that Top Glove share buyback's is way too aggressive and reckless.

Sadly, as mention b4, in the market, ppl see what they want to see and hear what they want to hear.
Of course, yes OF COURSE ... Top Glove share price could recover back. 6.65 was just yesterday low. Top Glove could easily trade back up to 9.50 and above. Heck, maybe 10 or 11.

That of course is possible. But what if it doesn't.

When the share falls, you buyback, no problem. That's understandable.
But look at Top Glove style...
Share goes up, it sill buys by the truckoad.
This is reckless. This is trying to jack up the price of the share.

well, look at the consequences....

buy back so much... 1 billion worth of shares... and yet the shares is LOWER than the buyback prices. 

and yeah.... TOP GLOVE got so much money....but do remember at this moment, the buybacks has drained out heck a lot of money from its working capital. What about its other plans?

Like I said.... if Top Glove wanted to reward its shareholders, no need so many pattern la, just give out plain cash back to the shareholders. No need all these RECKLESS share buybacks.

Fishy? not at all, it is public data and met sc compliance on sbb. it is a wise and prudent move for the controlling shareholders.

it is common for major shareholders to sell high and buy low.

Yes

PE is much lower for CIMB in FY2021 and FY2022 based on analysts' projected NP

If by Pb ratio, CIMB better. If by PE, isnt it PBB better? correct me if i'm wrong....i take the figure from KLSE screener apps.

Dear all sifu, i noticed in some thread where people said they submitted request to bursa to question the invested company for suspicous share trading movement.
Can anyone teach me how to do that?

nice.
Do we have this on Rakuten?

Wanted to ask some opinions here. Since I'm really new to trading, I googled and found some i3 forums for some counters. There's this counter that has been on this downtrend since the end of Nov up to now. Most comments there are largely telling people to cut loss now before it's too late.

It's quite obvious that these people have already taken profit or have sold off their shares but if so, why do they keep coming back to "warn" people ar?

No comment... I can only say this price not bad to hold since dividends gonna be awesome anyway... easily 10% yield... going forward if you dont like the yield, still can sell. TG got 20+% of world market so if got PER30 (future earnings minus 2021) or so also not considered expensive.

it is extremely quite here this few days~

It's more simple.

Demand will always be there for gloves.

Key is... at what price? Pre covid is 19usd. Now is about 120usd.

Can above 120 or 150 last forever.?

If cannot... anything less than 100usd.. TG will earn less than 5 billion.

Which is actually real good but damn.... it stinks if compared to current expectation of 10 billion.

If and when c19 ends... demand of gloves will still be there. But at what prices? Usd19? Well look back at 2019 numbers...

This is why... even if falls to 3.50, it's a no go stock for me.

Good fundamentals. Sitting on a net cash position, balance sheet is strong. Probably the strongest I've seen among it's peers.
Revenue wise, has taken a hit. Recovery that was expected last quarter did not materialize, as customer decommissioned a product which translated into lower orders. Price subsequently dropped when the quarterly earnings was released, but have spiked to a new high for the recent year. Revenue normalization is rumoured to only kick in mid 2021. There has been a lot of blog posts about the stock recently around i3 and social media so someone is definitely trying to promote. Share price up as a result, but revenue has not yet materialized.

Current price of 1.97 is definitely overvalued. If you are interested, wait for the retrace.

Yes. Definitely many bags, especially when their Vietnam expansion completed in 2019.
But be careful, the NOSH is only 55M so it is illiquid. Look at that drop due too the poor Quarterly report end Feb '19, coupled with the Global crash in early March, price limit down from RM 3 to RM 0.86. This stock can do that so be mindful. They had ONE incredible quarter in Sep '19, and have struggled to live up to that ever since. Bullish people see only that quarter.

Still, a well run company. Just that the current price is the highest it's ever been in the past year and there is no margin of safety. I think it'll retrace for now. Potentially, I think this one will go upwards by mid year.

1.8 is a good entry price.
Congratulations.

the smart choice is to move your money now to foreign investment and never come back in near future

you want a nicer answer to hear? PPB and PPB

my top 4 pick within KLCI 30 would be:-
1. PPB - owns 18% of wilmar and the business model is rather sustainable even malaysia economy is crippled
2. PBB - their investment bank is quite strong. and stable
3. dialog - this is rather overpriced for now
4. KLK - also rather overpriced for now

if you study closely. malaysia should or will likely follow the footstep of turkey and other muslim country - inflation will be the by product of corrupt and inefficient government

so picking export based is a safer bet

Be prepared for steroid performance after PBB bonus issue, which they say soon.

PPB always trade within a range of 18 - 19.50 and yes their QR should be good due to good performance of Wilmar lately.

At one time, some bank offered capital guaranteed structured products on some family run share.

we only got one listed upstream ....hibiscus .....others mostly middlestream

Petronas also upstream but not listed

First would benefit upstream as oil got price then petronas only can issue contract to middlestream .....then they only slowly benefit from it