Announcement for bonus issue by Top Glove.

This post has been edited by Vanguard 2015: Jul 20 2020, 03:23 PM

The sifus here can correct me if I am wrong. I think it is standard practice to halt trading because it is considered a material announcement.

In the current herd frenzy, the prices of Top Glove should continue to go up...

Buy at your own risk.

Eh, is it? I read this in Rakuten,

"BRIEF-Top Glove Corporation Requests For Trading Halt
20 Jul 2020 | 02:51 PM"

Good morning folks.

Nothing good to buy. Any tipsy?

I am just watching my Harta stock inch up. Holding another 50% in cash.

I think it is time to take a short break and monitor the stocks. Wait for the dip. Luckily, my capital is still intact and I still made a small profit.

Let's see if Australia will follow US's example and also stop the shipments of gloves from Top Glove because of the labour issue.

Supermax is starting its correction, now -4.58%.

I hope you guys got out OK.

Lai, lai,

Who wants to buy glove stocks now?

Either do DCA or VCA style or do the Darvas box theory.

Take your pick.

I don’t think there are any investors left in the stock market. They have all become traders.

The glove stocks are now like ATM machines. Buy and sell repeatedly when the price fluctuates to cash out. 😃

Lai, Lai. Please come and support Harta.

Now selling at discount -3.56%.

I don't think anyone is under any illusion that Pharma and DuoPharma are pure goreng stocks. With their 'flawless' valuation and fundamental, in 2 days, the stocks can shot up about 56%.

Just know when to pull out lor. When the goreng is over, it's over.

I would rate their risks as higher than Comfort or TopGlove.

But...but....Top Glove got record profit because of the Covid-19 pandemic.

Pharma and DPharma got what? Building castle in the air.

From The Malay Mail Online today:

KUALA LUMPUR, July 23 — The Bursa Malaysia has climbed 59 per cent this year to make it the best performing stock exchange worldwide so far, according to Bloomberg.

The Malaysian stock exchange’s rise also beat out the 43 per cent year-to-date improvement recorded at the Hong Kong Exchanges & Clearing Ltd — the world’s largest in terms of value — even after the latter enjoyed a 10 per cent surge this week.

According to the financial news service, investors were snapping up shares in Malaysia that were depressed in value due to the ongoing Covid-19 pandemic, with especially heightened interest in the stocks of local glove makers.

Malaysia is home to the world’s largest glove maker, Top Glove Corporation Bhd, as well as several other major competitors that have all enjoyed a surge in demand as countries rushed to procure personal protective equipment for medical workers fighting the Covid-19 pandemic.

On Monday alone, frenzied trading to the stocks of glove makers helped Bursa Malaysia break its record for overall trading volume after 12.5 billion shares exchanged hands that day.

One analyst told Bloomberg that Bursa Malaysia was on track to report a record high profit of US$80 million (RM340.7 million) for the second quarter due to the trading frenzy.

Bloomberg also reported that a tenth of all stock purchased in the Bursa Malaysia was in local glove makers, with investors betting that these firms will continue to enjoy supernormal demand for their products throughout the pandemic.

Nothing good to buy.

I decided to top up Top Glove instead.

Lai, lai, do DCA or VA style for Top Glove. No need to guess whether you are buying at a higher price or lower price. But make sure that you still believe in the fundamental of the company.

Right now, the sentiments here seems to be Harta and Top Glove. More stable, less risk of heart attack.

For Supermax and Comfort, be prepared to strap on your safety belts.

For Pharma and DPharma, no need to think already. Please cut your losses now and live to fight another day. The show is over. Don't fight the tide.

I am biased because I am only holding Harta and Top Glove.

Good morning folks.

Kossan shooting up +6% this morning because Kenanga upgraded the TP from RM13.80 to RM17.10?

I bought Harta in stages this morning. Wish me luck!

New target for Inari by Kenanga. From RM1.83 to RM2.50. Potential upside of 37%. Buy at your own risk.

Sold Top Glove today and 1/2 of Harta today. I hope I don't regret the decision. Got better stocks to fry.

Hopefully it can sustain for tomorrow morning. I went in big today.