glove counters went soft just now.... stay alert!
STOCK MARKET DISCUSSION V150
STOCK MARKET DISCUSSION V150
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Jun 11 2020, 10:26 AM
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#21
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All Stars
24,456 posts Joined: Nov 2010 |
glove counters went soft just now.... stay alert!
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Jun 11 2020, 12:50 PM
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#22
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(theberry @ Jun 11 2020, 12:41 PM) so topglove 350m for this qr whats it in the afternoon? 350m is at the top end of the forecast.https://disclosure.bursamalaysia.com/FileAc..._FR_ATTACHMENTS it will surprise analysts if it does not shoot up to >rm19 later. |
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Jun 11 2020, 01:27 PM
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#23
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(ChAOoz @ Jun 11 2020, 01:05 PM) Result really out of my expectation. I was wrong on top glove. They really manage to 2x their profit. Spectacular, need to digest the QR theie ASP probably jumped in the 2nd qtr to give such great profits.the good news is the 2nd half of the year is expected to be as good, if not better. |
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Jun 11 2020, 03:02 PM
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#24
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(theberry @ Jun 11 2020, 02:50 PM) anyone know the minimum computer specification to support the website load? just now topglove hang until my screen stuck stuck one. cimb itrade on windows 10, chrome/brave - all ok, everyday.using i5 and ssd here QUOTE(ZeroSOFInfinity @ Jun 11 2020, 01:51 PM) hope all ok for u.i sold... 17.15... profit good for 1 grocery trip. what a disappointment... |
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Jun 11 2020, 07:04 PM
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#25
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(!@#$%^ @ Jun 11 2020, 04:27 PM) Global stocks reel on gloomy Fed outlook and fears of a second coronavirus wavehttps://www.cnbc.com/2020/06/11/global-stoc...virus-wave.html QUOTE(ZeroSOFInfinity @ Jun 11 2020, 05:29 PM) I sold those which already on profit. Me holding Maybank (gains), TG and Supermax (at loss). i think so.Me thinks tomorrow will be huge buy volume for gloves, since price dip so much. Then I sell them with some profit, before going back in again. i will be early, maybe can catch early worms with those 2. it does not make sense that people dump glove counters if a 2nd wave is coming. |
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Jun 12 2020, 09:47 AM
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#26
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All Stars
24,456 posts Joined: Nov 2010 |
gloves are coming back!
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Jun 12 2020, 10:05 AM
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#27
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(kidmad @ Jun 12 2020, 10:00 AM) babi and yet maybank trade is still down. duh... some of my stocks for sale got rejected this morning. can't do anything about it now. argh. was it maybank or ISP?unifi went down for 20min in my area just now. then rec'd sms from them, all fixed now. using cimb itrade. |
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Jun 12 2020, 10:11 AM
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#28
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All Stars
24,456 posts Joined: Nov 2010 |
asian bourses reducing losses... dow futures now +2xx.
bursa... auto's dead after just 2 days of activity! gloves making super records profit, should still be in play. no foreign funds, though... all local punters. |
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Jun 12 2020, 10:55 AM
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#29
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(ZeroSOFInfinity @ Jun 12 2020, 10:22 AM) Lol WTH..... someone is "playing" at Top Glove counter now. Price falls to 16.70, and steady..... then naik to 17.00+.... and fall back to 16.70 after few minutes. Like see-saw. fret not, that's been going on for a few days now.topglove is the bellweather of all glove makers. will be good as long as dow/s&p doesn't sink 30%. QUOTE(zz287963 @ Jun 12 2020, 10:50 AM) Some thoughts, as the current drop in US markets was due to the fear of 2nd wave pandemic, wouldn't it be another reason people go in again for more glove counters and subsequently push higher? Given the price has dropped from the ath now hmm logical.super record profits, rising selling prices, 400 days backlog... if they do not perform on bursa, nothing else will. |
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Jun 12 2020, 01:41 PM
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#30
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All Stars
24,456 posts Joined: Nov 2010 |
for top glove fans...
QUOTE The share price of Malaysia’s Top Glove, the world’s largest medical glove maker, has more than tripled this year thanks to the coronavirus pandemic — and analysts said the stock could still climb higher. The company’s shares listed on the Malaysian stock exchange have surged by more than 255% this year as of Thursday, according to Refinitiv data. Its Singapore-listed shares experienced a similar jump of over 256%, the data showed. A surge in demand for gloves “from virtually every country in the world” as a result of the coronavirus pandemic pushed Top Glove’s quarterly earnings to a record high, the company announced on Thursday. The coronavirus disease or Covid-19, which first emerged in China late last year, has since spread to at least 188 countries and territories globally. Chart shows the year-to-date percentage change in the share price of Top Glove, the world's largest medical glove maker based in Malaysia. Many analysts are bullish on the stock. Based on data compiled by Refinitiv, 18 out of 22 analysts have a “strong buy” or “buy” recommendation on Top Glove. The analysts have a median target price of 20.28 Malaysian ringgit ($4.75) for the stock — higher than Thursday’s close of 16.70 ringgit ($3.91) per share. Ng Chi Hoong, an analyst at Malaysian investment bank Affin Hwang, raised his target price for Top Glove to 22.40 ringgit ($5.24) per share “to factor in the stronger demand outlook” while maintaining his “buy” recommendation. “We believe that concerns that demand could fall dramatically as new COVID-19 infection cases start to fall is overly hyped, as demand from China has continued to grow despite having successfully controlled the spread of the virus,” Ng wrote in a Thursday note. ‘Extraordinary’ financial performance Its net profit in the quarter ended May leaped 366% year over year to 347.9 million Malaysian ringgit ($81.4 million) — almost equal to the previous full-year profit of 367.5 million ringgit ($86.0 million). That came on the back of a record quarterly revenue of 1.69 billion ringgit ($395.5 million) – a gain of 413% compared to a year ago. “The Group’s extraordinary performance was attributed to unparalleled growth in Sales Volume, on the back of the global COVID-19 pandemic,” Top Glove said in its latest financial statement. “Monthly sales orders went up by some 180%,” it added. But “the best is yet to come” and the company could break its quarterly record, Executive Director Lim Cheong Guan said in an online briefing, as reported by Reuters. That’s because many customers have made orders way in advance — for delivery more than a year later — “for fear of losing out,” according to the report. Such an increase in demand has led to an increase in the average selling price of Top Glove’s products by as much as 30% since the start of this year. The company said it has added production capacity to meet that demand. https://www.cnbc.com/2020/06/12/share-price...s-pandemic.html |
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Jun 12 2020, 03:58 PM
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#31
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All Stars
24,456 posts Joined: Nov 2010 |
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Jun 12 2020, 09:10 PM
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#32
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(!@#$%^ @ Jun 12 2020, 08:19 PM) stock markets seldom move in a straight line.maybe.... -1800, +600, -1600? QUOTE(jvcpcv55 @ Jun 12 2020, 09:00 PM) error... should be SGD5.65.As at 2.45pm, shares of Top Glove was down 9 sens, or 1.57% to RM5.65. |
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Jun 13 2020, 10:12 AM
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#33
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All Stars
24,456 posts Joined: Nov 2010 |
dow +477 after wild swings.
monday, KLCI will rise... at least for first 3 minutes. be ready to buy or sell... incl glovemakers. |
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Jun 13 2020, 01:00 PM
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#34
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(chino667 @ Jun 13 2020, 12:37 PM) Comfort has been showing bearish sign since beginning of the week. And thanks to director keep on dumping share into the market. Can’t say it’s a good or bad. Even carepls and comfort announce good quarterly result, it seems doesn’t boost the price much. Even supermax shows bearish sign. Perhaps you should wait on Monday after 1030am to see the trend. Again is it worth to buy or not, always look into the fundamental of the company. (Comfort best quarterly result yet to come). I would wait and re enter if it drop to 2.50 great observation, agree. The only 2 glove maker that worth keep right now are harta and top glove as share holder are strong and able to resist panic sell, margin call and profit taking. The glove counter seems volatile at this moment and no more green sea every counter. You need to catch the low price and wait for the rebound. |
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Jun 13 2020, 07:11 PM
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#35
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(theberry @ Jun 13 2020, 05:44 PM) it's neither bull nor bear but kangaroo market now."if u can't stand the heat, get out of the kitchen"... so they say. before mkt open, see what the TOP is for any counter. up and green or down and red, u decide if u want to do anything. 2-3 mins is a long time. klci should move up on monday during first few minutes. unless some major disaster has just happened. then, as dow futures get more real in the afternoon, the picture may change. gudluk to all next week. |
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Jun 13 2020, 09:50 PM
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#36
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(annoymous1234 @ Jun 13 2020, 09:00 PM) even if there is 2nd or 3rd wave... like masks, do not not get into small, less reputable ones.Coronavirus: wheels come off China’s mask-making gravy train, as low-end manufacturers count their losses https://www.scmp.com/economy/china-economy/...gravy-train-low |
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Jun 14 2020, 05:51 PM
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#37
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(djhenry91 @ Jun 14 2020, 05:43 PM) Better don't touch rakuten..their system I see alot of their client keep complaining..either csnt login or can't key order i also notice so many complaints about certain portals.cheap, ya... BUT... one sell or buy screw up, u can't sleep for a month. better go with a more reputable platform. |
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Jun 15 2020, 09:50 AM
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#38
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(Vanguard 2015 @ Jun 15 2020, 09:34 AM) Good morning folks. very dicey.A tussle between the bear and the bull this morning for my glove stocks. Who will win? but getting more rangebound, it seems. i dumped topglove+supermx at 9:02, happy enuf. will see later what happens... if anything is still in play. |
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Jun 15 2020, 09:59 AM
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#39
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(Vanguard 2015 @ Jun 15 2020, 09:55 AM) Currently I have Top Glove, Comfort and Harta in my trading portfolio. harta is holding v well, probably the best bet of them all.Good move to lock in your profits. When in doubt, sell and live to fight another day. My unrealised losses now is still within a tolerable margin. Win big or go home. |
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Jun 15 2020, 10:07 AM
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#40
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All Stars
24,456 posts Joined: Nov 2010 |
QUOTE(Vanguard 2015 @ Jun 15 2020, 10:03 AM) Yes, Harta is quite stable. But anything can happen now. The market has turned upside down. supermx run is OVER.Hit and run seems to be the method now. I did advise another forumer to cut loss and sell Supermax last Friday. But he refused. It is now down -3.41%. I hope he is OK. |
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