Alot of unit trusts like Eastspring have Kossan in their portolio

Duno why only big 4 moving
penny glove macam stuck

So glad i move my FD to TG when it was RM17. Was advised not to, but my inner devil convinced me to.

the big 4 will close good green, all 4 showing bullish for next week.

and the king is.... Supermax... 10 straight long and clean candles, beat the other 3.

awesome.
smaller ones.... comfort, ruberex... not so much.

Me sold all harta also not moving one
Re-enter when dip

the small ones cannot follow the big ones primarily due to 2 reasons.

1. only the big 4 make nitrile gloves - these are now preferred over latex becos they dun puncture easily.

2. ability to raise prices or ASP (average selling price) - topglove can becos they keep 10% capacity for spot orders.
if u order spot, u pay much higher prices, like >3 times normal order where lead time is now >1 year.
supermax can, becos of their own brand or OBM (original brand manufacturer, own distribution network, own foreign offices.
harta can, but has been slow. kossan just said at AGM they did not raise prices in 1h2020 to keep exisitng customers happy.
but will raise prices in 1h2020.

there is a reason why supermax is spiking like that - i strongly suspect this is all due to internal news that profits have gone insane due to hefty price increase in 2nd Q.
topglove will probably have some of that which we shall see in next QR.
harta is said to be slow in raising prices like kossan.
one of today kossan's AGM highlights was they did not raise price so far - this probably disappointed shareholders and hence the stock price softening this afternoon.

so, if u were to buy or keep or sell now... consider carefully... so many things.
just dun get caught with a poor counter with no potential from now on!

let's not get into private matters, ya?

here, just saw this.

now, we know why supermax spiked. much like what i suspected.

https://klse.i3investor.com/blogs/glovehari...020_RESULTS.jsp
https://klse.i3investor.com/blogs/supermax_...ation_Berha.jsp
https://klse.i3investor.com/blogs/koonyewyi...oon_Yew_Yin.jsp

next week glove down?

be temporarily reducing the circuit breaker levels from three levels (10%, 15% and 20%) to two levels (10% and 15% only).

According to the CB rulings, the first level of the CB is triggered when the FBM KLCI falls by an aggregate of 10% or more but less than 15% of previous market day's closing.

If the first level is triggered from 9am to before 11.15am and from 2.30pm to before 3.30pm, trading would halt for an hour.

However, if the first level is triggered from 11.15am to 12.30pm and from 3.30pm to 5pm, trading would be stopped for the rest of the session.

Meanwhile, if the second level is triggered — whereby the FBM KLCI falls by an aggregate of or more than 15% of the previous market day's closing index — trading would be halted for the rest of the day.

For the price limits, the KLCI component stocks that are trading equal or more than RM1 per share, the upper limit price is capped at 30% intraday while the lower limit is set at -15% intraday. In terms of dynamic price limit, upper limit is set at +8%, while lower dynamic limit is capped at -5%.

As for KLCI stocks that are trading less than RM1 per share, the upper limit price is set at +30 sen, while lower limit price is capped at -15 sen. Meanwhile, upper dynamic price limit is set at +8 sen, lower dynamic limit is capped -5 sen. Currently, none of index component stocks are traded at below RM1.

The two regulators said the revisions will be applicable for a six-month period from July 20, 2020 to Jan 18, 2021.


they want to protect EPF buying KOSSAN? 

Hope the glove bubble can be here for another 2-3 months before burst completely
The market need these excitement!

good read:

believe again its the timing of exit.
If you are not greedy and timed it right, now its still the time to earn some pocket money.

but again, with the price going up more than5 % daily, who can control the greed?

Harta and top glove have some serious foreign fund.. really skyrocketing.. ..don think will ever see them come doen

haha recently i enter abit of Kossan and Harta
but price quit stagnant wor, maybe i enter quite late.

as compared to TG and SP that went price crazy

Before this, Malaysian stocks can go up maximum 30% in a single day or 30% down in a singlr day (or 30 sen if it's below RM1).* we call this Limit Up or Limit Down.

Now regulator change this. Up is no change but down they only allow 15%.Basically Malaysian govt want bubble to continue!

In SGX there are no such limits, it's full market forces.

" this is called static limit. Dynamic limit is usually not triggered for liquid stocks so not important. (i.e. I too lazy to explain.. 😆)