Good point. I am still monitoring the Maybank stock. Waiting for opportunities to top up.

Depends. Banking stocks are usually dividend stocks or slow growers. If you manage to buy a banking stock at a low price with a good dividend pay out, then this is double happiness.

Long term value investors will keep them. Short term traders will sell them for a profit. No right or wrong approach.

Topping up Top Glove stocks cautiously. My average price now is RM14.993.

Sold off SKPres for a small profit.

Entered Scientx.

Don’t do it bro. BAT is on a downtrend. You can re-visit it when it drops to RM10.

DDTG = Die Die Top Glove?

Looking for a high dividend stock with good fundamental?

Have a look at Lii Hen. But please understand the nature of the business and the risk in the current climate.

Whether the market is doing well or not can be judged by the number of posts appearing in this thread.

The number of posts is slowly decreasing...this means that the market is either trading sideways or is slowly sinking...

Now how? All the glove stocks rallied today. Tomorrow the retail traders will rush in because of FOMO. Buy high and sell higher.

Then tomorrow afternoon or the day after that the price will drop again. Some retail traders will be trapped. The price will drift lower and lower. Then some retail traders will be forced to cut loss.

And the cycle repeats itself again. Welcome to the stock market!

I am sitting at the sideline and eating pop corn. 😃

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.

I am not sure what is brewing in RCE Cap apart from the fact that the ex-date for dividend payment is on 15th July 2020.

My unrealised profit for this stock is currently about RM3000. Not a lot compared to my previous profits made from the glove counters but still respectable.

Good morning folks.

I have a bit of time this morning. So, I decided to sai lang all the bank counters. See how it goes.

Yes, you are right.

In early June, I made a killing from the glove stocks in just a few days. I thought I was the next Warren Buffett.

Alas, my illusion was shattered. After that, I lost 2 rounds buying glove stocks. But I still maintained a respectable profit from the first round. That was when I decided that the game was over for me to 'goreng' the glove stocks. Plus the MCO was over and work was starting to build up again in the office. No time for me to monitor the computer screen for the glove stock prices anymore.

So I sat on a pile of cash and ate popcorn reading the comments in this forum.

Today, I have itchy finger syndrome and decided to buy 5 different bank counters. Let's see how it goes.

This post has been edited by Vanguard 2015: Jul 9 2020, 12:03 PM

Yes, the bank counters are OK for now. But the acid test will be from September onwards unless the moratorium is extended. My feeling is that the banks will extend the moratorium selectively especially for the B40 group. Why risk increasing the NPL? The banks have said that the moratorium will not hurt their profit margin (presumably since interest is still running on the bank loans) but it may impact their cash flow.

See for e.g. https://www.thestar.com.my/business/busines...loan-moratorium

"Banking analysts say that generally, a moratorium does not really affect the profitability of a bank, but it may impact their cashflow. This in turn is due to the change in financing terms and because of this change, there could be a one-off loss for banks.

This is obviously not favourable to any lender.

Malayan Banking Bhd (Maybank) has put this loss at RM1bil, which it says will be recognised come the second quarter of its current financial year ending Dec 31."


So, do watch out when buying banking stocks. Some banking stocks may turn out to be 'risky' after all.

Your guess is 50% accurate.

I tikam AmBank, BIMB, HL Bank, HLFG and RHB this morning.

Thus far, AmBank is leading the pack.

This post has been edited by Vanguard 2015: Jul 9 2020, 12:18 PM

You guys really have balls of steel to continue chasing the glove stocks.

I put back my balls in the freezer already. Old age. My heart cannot take it.

Please exercise some caution guys.

Only trade and chase the glove stocks with money that you can afford to lose 100%. Don’t take advance money from your credit card, personal loan or use the margin facility to chase.

When the price correction comes, it will be spectacular. It only takes one rumour of a vaccine coming soon for Covid-19 and this will start the panic selling.

I know I am being a party pooper. But I am sweating on your behalf after seeing so many young investors in this forum chasing the glove stocks. What goes up must come down eventually. 😅

Yes, it did. And the stock price of Top Glove even fell initially in spite of its spectacular QR.

It is a figure of speech.

It means trading stocks with money that we can afford to lose completely without suffering serious financial consequences.

Imagine trading with money that we will need in the next 2 months or so. Eg, trading using our emergency fund or the money that is meant to pay the housing loan and car loan in September once the moratorium ends.

What if the share market suddenly corrects itself and the stocks that we are holding drops 20% or more?

So what do we do now? Cut loss? But we need the money to pay the loans..so how?

Good morning folks.

Kenanga has raised the target price of glove stocks as follows:

1. Top Glove TP to RM32
2. Supermax TP to RM17.10
3. Hartalega TP to RM22.30

Everyone in this forum seems to be buying glove stocks. So, who are the sellers???

This post has been edited by Vanguard 2015: Jul 13 2020, 10:17 AM