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 STOCK MARKET DISCUSSION V150

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AVFAN
post Jul 16 2020, 02:35 PM

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QUOTE(jianwei90 @ Jul 16 2020, 02:34 PM)
what is suspended?
*
top glove la!
AVFAN
post Jul 16 2020, 02:36 PM

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QUOTE(jianwei90 @ Jul 16 2020, 02:36 PM)
why suspended ah? any idea?
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oh my... aren't u reading this thread?
AVFAN
post Jul 16 2020, 02:45 PM

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QUOTE(Barricade @ Jul 16 2020, 02:41 PM)
Top Glove is like taiko. Taiko stop the others also not moving much.
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when ah yat goes to jail, ah yee, ah sam gotta quarantine at home!
AVFAN
post Jul 16 2020, 02:50 PM

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QUOTE(annoymous1234 @ Jul 16 2020, 02:48 PM)
Got difference? Later 3.30pm open also will drop, no?
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the break is to give people some time to think over, not react on impulse.

yes, it may fall big when open, the rest down with it.

TG - watch 20.50, a major support line.

if it breaks below, all hell breaks lose...
AVFAN
post Jul 16 2020, 03:01 PM

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QUOTE(Xp3rT @ Jul 16 2020, 02:58 PM)
tg limit down is 15+, good opportunity to enter if really hit
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21.8 less 15% = 18.50.
AVFAN
post Jul 16 2020, 03:28 PM

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QUOTE(kembayang @ Jul 16 2020, 03:25 PM)
Put buy queue at this price range 18.5-19
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i doubt it will hit 18.50.

19 possible.
AVFAN
post Jul 16 2020, 03:31 PM

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itrade hung...!!
AVFAN
post Jul 16 2020, 03:32 PM

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banks monopoly buying?!! laugh.gif
AVFAN
post Jul 16 2020, 03:34 PM

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maybe circuit breaker triggered...! biggrin.gif
AVFAN
post Jul 16 2020, 03:35 PM

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reports.... every platform hanged.

bursa gotta explain.
AVFAN
post Jul 16 2020, 03:38 PM

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what's going on?

someone pulled the plug to cut power at bursa... like GE vote counting?!! laugh.gif
AVFAN
post Jul 16 2020, 03:55 PM

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read a notice...

"bursa cease trading today... online platforms all broke down... coincided with resumption of topglove trading, last price rm19.70."

believe it or not.


AVFAN
post Jul 16 2020, 03:58 PM

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TG, can track here at SGX:

QUOTE
Top Glove Corporation Bhd. (BVA.SI)
SES - SES Delayed Price. Currency in SGD
Add to watchlist

Quote lookup

6.58-0.72 (-9.86%)
As of 3:48PM SGT. Market open.
https://sg.finance.yahoo.com/quote/BVA.SI/

AVFAN
post Jul 16 2020, 03:59 PM

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QUOTE(Cubalagi @ Jul 16 2020, 03:58 PM)
Not Bursa circuit breaker for sure. Circuit breaker only if KLCI drops 10%. U can see that happen.

I think what's happening now is that many broker systems are jammed because of overwhelming orders.
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seems something to do with brokers-remisiers... no hutang, cash only... maybe margin calls, etc...??
AVFAN
post Jul 16 2020, 04:14 PM

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OK... everybody go have early drink, early dinner, early sleep.

tmr 9.00am all key in orders together and bring it down again.

then no more trading until next monday. laugh.gif
AVFAN
post Jul 16 2020, 06:41 PM

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during the 16-7 bursa blackout, i went to watch a nice movie.... greyhound 2020... about allied destroyers blowing nazi submarines out of the water in the north atlantic in 1942. nice! thumbup.gif


now i see:

6.49-0.81 (-11.10%)
At close: 5:15PM SGT.

ok, that's about rm19.86.

so, let's see how it goes tmr... if any glove counter will get blown away. tongue.gif

gudluk to all.


AVFAN
post Jul 16 2020, 07:07 PM

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QUOTE(ZeroSOFInfinity @ Jul 16 2020, 06:51 PM)
My bet? It will. For 15 mins.
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honestly, i m a little worried it will be for whole of tmr.

bursa get screwed today by the sheer trading orders volume.

i dun think they can fix that overnight.

so... good chance it will repeat at 9.00am tmr.

then they and their contractors can have the 72 hours to work on it.
AVFAN
post Jul 16 2020, 08:07 PM

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last traded prices:

QUOTE
Top Glove was the top loser, down RM2.10 to RM19.70 while Kossan lost 44 sen to RM12.26 and Comfort Gloves 21 sen down to RM3.57.
https://www.thestar.com.my/business/busines...technical-error

AVFAN
post Jul 16 2020, 10:09 PM

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QUOTE(ZeroSOFInfinity @ Jul 16 2020, 08:19 PM)
Means we now know where to buy - expect drop to 18, flushing out the margin and contra players. Then buy some keep first until matter resolved, and gain from there on.

Kossan might drop max 10.5, and can collect again. Harta probably 14 before start buying.
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it will be very volatile tmr , esp first 15 min.

and if bursa hasn't done much, it will shut down again, i think.

latest from TG chairman, pls read if u plan to buy or sell at 9.00am tmr.
https://www.malaymail.com/news/malaysia/202...r-issue/1885232
AVFAN
post Jul 16 2020, 10:56 PM

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maybe this is useful for some of you:

QUOTE
Sensitivity analysis - US custom's detention order on TOPLGOV by CIMB

Based on back-of-envelope calculations using our model, a two week ban to the US will result in a impact on TOPG's revenue and net profit of RM62.7m and Rm12.7m respectively. This is about 0.9% of our FY20 revenue forecast and 0.8% of our FY20 net profit forecast. This is assuming the gloves are not sold elsewhere and is considered a total loss of revenue (this is unlikely the case)

Sensitivity analysis: Every week this ban is enforced, will impact TOPG's revenue and net profit by 0.46% and 0.4% respectively. This is assuming net profit margin stays the same and the gloves are not sold elsewhere.
https://klse.i3investor.com/blogs/glovehari...GOV_by_CIMB.jsp


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