Pharma, glove and basically many also red....it's extreme. Not sure how long this will go on..

Bank I only see MBB and PBB...both close at the same price as yesterday 

IB want to makan those call warrant
else they will be deep shit once matured, some manipulate I would say true

Is this troll or what?

Suggestion: sailang topglove.

top losers today are all gloves... and pharmaniaga, vitrox.
as a recap, glove counters are now back to late june-early july prices.

lost 30-60% from their peaks.

kossan is the worst, i think >50%.

supermax, harta, comfort close behind.

TG lost about 33% from peak, more or less.

buy, sell, hold, stay at sidelines.... everyone gets his/her choice!

markets continue, bursa continues, factories continue, covid19 continues...

This 14.9 million is just the start. Our net gear ratio is still very positive. Announcement of PAT also is very soon

No probs
True, u play long or short term? When i say short i mean in the range of 3 months.
Esok kita sama sama tengok TS talk at 8tv, then we discuss here hehehe
We started paying back the workers dy as mentioned in the news also similar to Hartalega, unfortunately still no positive news on this :/

I pity those without courage to cut loss

I pity more on those that trying so hard to get attention here.

Nice, legit source

"while its short-term results are expected to be robust and higher average selling (ASPs) will drive ratings upgrades, earnings are expected to peak in FY21 and will unlikely repeat once the demand-supply equation normalises — either in the second half of 2021 or the first half of 2022"

I skeptical sia, precovid TG Rm1.46. TG now is still 4-5x more expensive that pre-covid. ASP earliest normalizing 9 more months.

But i truly believe in a dead cat bounce in the near future. Now is just anxiety mode. Any more massive selling might be overdone and stage for a dead cat bounce. Playing this bounce right will also make us a lot of money

Haha it was a rhetoric question. Nice try, but what you described is a company warrant, not a structured warrant.

Unlike a company warrant, a structured warrant is issued by an IB in return for a premium. So the first investor buys the structured warrant directly from Macquarie, and then the warrant is subsequently traded freely on Bursa just like any other share. At the expiry date, if the mother share price is above the warrant exercise price, Macquarie will settle the difference in cash. If the mother share price is equal to or below the warrant exercise price, the warrant will expire worthless.

Now in this case, Macquarie issued this warrant C67 on 3 February 2020 (before the covid19 bull run) with an expiry of 16 Oct 2020 (next month).

With an exercise price of 1.67 and an exercise ratio of 1.333, Macquarie will have to compensate in cash to all warrant holders if the mother share price close above RM1.67. For example, if the mother share price close at RM5, Macquarie will have to compensate RM2.50 per warrant [(5-1.67) / 1.33]. If the mother share price close at RM8, the compensation is RM4.76 per warrant [(8-1.67) / 1.33]. As you can see, even though the difference in the mother share price is just 60% (8/5), they will need to compensate 90% (4.76/2.50) more. This is the leverage effect of a structured warrant.

Now the next thing that people need to know - just 2 weeks ago, Macquarie issued a report with a TP of RM30. Today they issued a new report with higher profit forecast for 2020, 2021 and 2022 on the basis that ASP is increasing faster than expected.

At the same time, he halved the TP on the basis that "ASP cannot sustain forever". What changed the analyst's forecast within this short 2 weeks? Did he suddenly talk to industry leaders worldwide to realise that ASP will not last forever? He did not know how to do his job previously and suddenly now he knows? Did he suddenly have a crystal ball?

Or did some head of department from the derivative division realised they shouldnt have issued C67 because they didn't expect the bull run sparked by Covid-19, spoke to the IB CEO, who then spoke to the head of department of the research division, who then had a "word" with the independent research analyst?

I'm not accusing anyone of anything, I'm just stating the facts and "possible scenarios". You make the judgement. This is something we need to ponder upon before taking in the headline RM5.40 downgrade report.

My target tg rm12 to 14

Don't dream of consecutive limit ups. It will take time. Need to prove quarter over quarter of booming profit before we can reach that level.

they say it’s dragon drink water wor...

Brace for another red Friday, peeps.

market so volatile unless you super expert at playing the day trading best to hold your cash tight tight instead of reinvesting so soon... I'm waiting for market sentiment to improve and at least half of the issues affecting the market below are resolved.

- moratorium money leaving the market
- foreign funds leaving since 2-3 months ago
- poor market sentiment due to worsening economy and unemployment rise
- blue chip stocks like bank stocks impacted due to expected credit loss after moratorium
- vaccine news : when got good vaccine news gloves go down and drag the market down. bad vaccine news market go down because of fears and this drags down gloves.
- US tech stocks go down causing Asian stocks to follow.
- unstable government and questionable acts, eg 1MDB case settlement, LGE issue
- local Covid-19 cases rising

Resolved
- Sept OPR cut - BNM decided not to go ahead