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 STOCK MARKET DISCUSSION V150

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AVFAN
post Jul 7 2020, 05:16 PM

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QUOTE(ZeroSOFInfinity @ Jul 7 2020, 05:07 PM)
Wished it was lower..... could get some like Harta.
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sometimes, a stock does not fall too much, not to where u like becos it is solid, nobody panic sells.

that was the case when i added harta and then topglove when i was convinced it was safe enough.

can't say that for the rest.





AVFAN
post Jul 7 2020, 05:19 PM

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QUOTE(Marcus5003 @ Jul 7 2020, 05:13 PM)
Just joint share trading two weeks back and today GLOVE roller coaster really freaked me out.
Luckily din sell out but also not dare to topup unsure.gif missed the golden opportunity due to not enuf guts rclxms.gif
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if u had taken supermx, sure u pengsan big time.

10.36->10.88->9.71->10.68 = 10% swing.

this one is not for weak hearts. laugh.gif
AVFAN
post Jul 7 2020, 06:31 PM

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QUOTE(Marcus5003 @ Jul 7 2020, 05:29 PM)
As a weak heart's newb, mayb I can just cover my eye and wait till harta release next QR and sell off rclxub.gif
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biggrin.gif
take yr time to grow some immunity to this kind of "noise".
but take it seriously if dow falls 800 points the night before.

QUOTE(djhenry91 @ Jul 7 2020, 06:16 PM)
one of the broker revise caping price for glove company
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just post the pdf la...
cimb.. ultra conservative like public bank, even after seeing actual for 1 more week... worse than maybank a week ago.

QUOTE
CIMB 7/7/20
Supermx 7.00 from 5.00
Topglov 15.00 from 11.00
Harta 11.00 from 9.00
Comfort 3.00 from 2.80
Kossan 7.50 from 7.00
Ruberex 3.00 from 2.50
https://klse.i3investor.com/blogs/glovehari..._for_gloves.jsp


Maybank IB Share Margin Valuation (Latest Revision)
The ceiling price for rubber gloves counters effective 30th June 2020

Comfort  @ RM3.42
Harta       @ RM10.52
Kossan    @ RM7.87
Ruberex   @ RM2.21
Supermx @ RM7.41
Topglov   @ RM18.00


This post has been edited by AVFAN: Jul 7 2020, 06:43 PM
AVFAN
post Jul 7 2020, 07:40 PM

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go thru this... see if u like topglove. biggrin.gif

https://www.topglove.com/App_ClientFile/7ff...nese_060720.pdf

AVFAN
post Jul 7 2020, 11:19 PM

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another TP review for gloves, from CLSA:

QUOTE
We lift our TPs across the board: from RM22.00 to RM28.00 for Top Glove; from RM16.30 to RM20.00 for Hartalega; and from RM9.80 to RM13.00 for Kossan. While we reiterate our BUY ratings for Top Glove and Hartalega, we upgrade Kossan Rubber from Outperform to BUY on our earnings upgrade and significant discount in valuations.
https://klse.i3investor.com/blogs/glovehari...years_TOPGL.jsp

AVFAN
post Jul 8 2020, 08:57 AM

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QUOTE(ZeroSOFInfinity @ Jul 8 2020, 12:38 AM)
Wonder why they never mention anything about Supermax whistling.gif
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no la...

diff houses have diff "fav"... they dun analyze ALL counters of every sector.

UOB just did supermax but did not do others.

u can see topglove is clearly the fav of most houses.
AVFAN
post Jul 8 2020, 08:58 AM

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bursa will be jittery today... some shaking up.

we will see which are strong, which are weak.
AVFAN
post Jul 8 2020, 09:02 AM

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AA suspended?

in trouble?
https://www.theedgemarkets.com/article/aira...g-going-concern
AVFAN
post Jul 8 2020, 09:39 AM

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QUOTE(Vanguard 2015 @ Jul 8 2020, 09:30 AM)
Good morning folks.

I think it is time for the glove stocks to undergo a healthy correction. It may not happen today or tomorrow but it should happen soon. In the meantime, the musical chair continues...

As Peter Lynch once said, it is time to exit the market when your dentist, your grandmother and your neighbour's dog start boasting about how much money they have made from the stock market.

Meanwhile, I am still eating my popcorn. smile.gif
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correction... there is everyday, sure u saw them... esp yesterday before noon.

"healthy" as in major, i suppose.

it will come when the opposite of this becomes apparent:

QUOTE
We believe spot demand will only start contracting when demand supply
imbalances normalise, a scenario we believe will not materialise until post-2022.
q Even then, the industry would have gone through a significant drawdown in inventory, which necessitates end users and distributors to rebuild buffer inventories for another year.


enjoy yr popcorn... yr chance to buy low-low may yet come.
AVFAN
post Jul 8 2020, 09:43 AM

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QUOTE(ZeroSOFInfinity @ Jul 8 2020, 09:39 AM)
Eih, all greens now.... 10+ points. All in gloves!  whistling.gif

BTW, on Airasia, I only heard there's an "injection". Whatever that means.... you decide.
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at this time, the likely source of any injection of that magnitude is epf guaranteed by gomen or gomen loan i.e. taxpayers' money.
AVFAN
post Jul 8 2020, 09:48 AM

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topglove looking good now.

buying more harta... this one always lag. tongue.gif
AVFAN
post Jul 8 2020, 09:52 AM

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QUOTE(ZeroSOFInfinity @ Jul 8 2020, 09:49 AM)
So is Kossan. But I suspect Harta is being "suppressed" so that can buy more, pending Q2 announcement end of month.
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kossan quite fast&furious la... today +2%.

all others lagging.
AVFAN
post Jul 8 2020, 01:36 PM

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QUOTE(KayeX @ Jul 8 2020, 11:07 AM)
Hi guys im new here, hoping to join the discussion.
With the gloves sector saturated, is anyone looking around other sectors? Tech and semiconductors looks like they are doing well. Any insight?
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what does "saturated" in this context mean?
why do u say glove subsector is now saturated?
becos the price run up has been high?
or high volumes everyday?
QUOTE(KayeX @ Jul 8 2020, 11:31 AM)
Looks like heavy resistance everytime TG tries to go above 20.50, alot of profit taking going on
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at certain stages, the resistance is greatest.
once it gets thru it, it will become its strong support price.
QUOTE(KayeX @ Jul 8 2020, 12:25 PM)
Kinda worried for TG now, looks like a dip coming soon T.T
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dips happen all the time... a matter of how much u classify a dip as.
u should decide if u r a trader (buy/sell fast) or an investor (hold for some weeks/months/years).
hard to be both.
at this minute, i do not see signs of a reversal, i.e. trend changes.
will see at 5pm to be clearer.

QUOTE(ZeroSOFInfinity @ Jul 8 2020, 11:16 AM)
Supermax could be even better than Kossan, but due to sharks swimming around....
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KYY has this to say why superman is powerful:
https://koonyewyin.com/2020/07/08/nitrile-g...d-by-260-in-uk/
QUOTE(ZeroSOFInfinity @ Jul 8 2020, 11:19 AM)
Is it good to go for TG now? Around 20.5?
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i will go in again if it dips to 20.30.
that's becos i still see it going past 20.60 later.
i.e. i am bullish about TG at this hour.
but do watch dow futures... it's a tad red now.

This post has been edited by AVFAN: Jul 8 2020, 01:44 PM
AVFAN
post Jul 8 2020, 03:21 PM

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QUOTE(Coup De Grace @ Jul 8 2020, 02:44 PM)
Supermax seems will have problem going above rm 11 so people may take profit these few days
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it will get there.

and when it does, u will say "seems will have problem going above rm 12". biggrin.gif
AVFAN
post Jul 8 2020, 04:38 PM

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QUOTE(ZeroSOFInfinity @ Jul 8 2020, 04:09 PM)
BTW, Harta just anounced they want to have a "share buy-back" during AGM. Is this what's causing their price to be "withheld"?
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i don't think so... read that last night, news was already out.

could be some forced selling causing the dip just now.


AVFAN
post Jul 8 2020, 04:56 PM

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QUOTE(ZeroSOFInfinity @ Jul 8 2020, 04:40 PM)
Oh, well hope the share buy back is something.... good? Hope a late surge later - it's the only share now which is in negative on my portfolio.
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i think harta does this every year, likely a non-event.

i waited all day and got a bit more at 16.40, a tad lower than yesterday's 16.44.

the other 3 closing green, still bullish.

we'll see tmr!
AVFAN
post Jul 8 2020, 08:20 PM

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QUOTE(foofoosasa @ Jul 8 2020, 07:52 PM)
Can goreng cannot long hold.

Reason can goreng is because of the publicity of the brand. I saw many newbie like to trade this stock. Lol
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goreng... malaysians' favorite past time now?! biggrin.gif

dun get roasted!
AVFAN
post Jul 9 2020, 08:52 AM

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interview with topglove chief now:

"this quarter v good, next 5-6 qtrs even better..."

https://www.youtube.com/watch?v=XWq5kBlakcQ
AVFAN
post Jul 9 2020, 09:29 AM

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QUOTE(Coup De Grace @ Jul 8 2020, 02:44 PM)
Supermax seems will have problem going above rm 11 so people may take profit these few days
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11 again.

take profit or wait for 12?! biggrin.gif
AVFAN
post Jul 9 2020, 09:37 AM

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QUOTE(ZeroSOFInfinity @ Jul 9 2020, 09:33 AM)
Come on Harta... you can do better than this...
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harta showing bearish signs.

if it does not pick up today, it may dip further tmr.

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