In these few days glove warrant really skyrocket.

Don't quite understand the reason to revise the down limit from 30% to 15% on KLCI components, while up limit remains unchanged.

KLCI components are all big cap, it is rare to see them move big magnitude each day generally, except recent 2 gloves stocks which are bullish based on fundamental, still they move within 10% range daily even with high volume. 

Also, why only targeting KLCI components?

Feel like going to top up another 200 shares of Supermax on Monday. I already entered at RM10.86, was waiting for its correction to buy at lower but it keep on increasing. When I thought the next day will drop a bit then next day drop a bit then enter again, it did not happen lol. I just afraid that when after I buy on Monday then it will fall. I think TP of RM15-20 is possible to reach after saw so many people analysed over it but not so soon i guess. So guys, do u think I should go for it on Monday?

recap as of fri 10 jul:

closing prices ~ target price (highest from the list)

topglove 21.92 ~ 30.00
harta 17.06 ~ 20.00
supermax 13.62 ~ 14.00
kossan 12.38 ~ 14.00

https://klse.i3investor.com/servlets/ptg/7113.jsp

during price uptrend, tp is revised along with rising price and is always higher than current price. chasing tp is like chasing the pot of gold at end of rainbow.

Those found gold need to know to keep, not keep carrying and chasing.

Thanks for the advise, no worries, I am definitely trading within my limit and just used cash account to buy. Never thought of using margin or loan to chase the share price

KUALA LUMPUR (July 12): CGS-CIMB Research has raised its target price (TP) on Hartalega Holdings Bhd to RM20 from RM14.60 previously, after revising its average selling price (ASP) estimates for the glovemaker.

In a research note, analyst Walter Aw said: “We have been too conservative in our previous ASP forecasts for Hartalega as we are of the view that it is likely to raise prices on a more gradual basis against its peers.”

Aw believes there is an acute shortage of gloves globally which has resulted in strong average order book visibility of at least six to eight months for Malaysian glove makers including Hartalega, leading to glove buyers willing to offer higher ASPs to secure supply.

“As such, we are raising our ASP forecasts for their [Hartalega] gloves by +22.0%/-8.5%/-7.0% vs our current forecast of +23.5%/+4.0%/-12.0% for FY21/22/23F.”

In addition, Aw thinks that Hartalega’s ASPs are “stickier” due to its high customer concentration and longer-term contracts with these customers.

“Hence, it tends to be able to maintain any changes to ASPs for a longer period compared with other glove makers which should help offset any sharp decline in ASPs in the event that industry ASPs begin to fall,” he added.

Aw expects from the upcoming 1QFY21 results onwards, Hartalega is able to record sequentially stronger profits, driven by higher ASPs, increase in production capacity and higher economies of scale.

As such, he has raised his FY21-23F earnings forecasts by 8.8% to 48.7%. Subsequently, his TP on Hartalega was raised to RM20, pegged to a 41 times CY21 price-earnings ratio (one standard deviation above its five-year mean).

While Hartalega is currently trading at higher valuations against its peers, Aw believes this is justified given its industry-leading technology in the nitrile glove space, higher operating efficiencies in terms of margin and leading position as the largest glove maker globally by market capitalisation.

Aw also reiterated his “add” rating on Hartalega.

The counter closed up 46% to 2.77% to RM17.06 on Friday (July 10), valuing it at RM57.8 billion.

wah~top 4 goreng till gao gao...miss boat dy

23.30... will u buy?!

hard to advice u.

if u see it going to 25 or higher, any dip is good opportunity to buy.

if u see it crashing to 10 like some people, never buy la...

Supermx 15, potential to pass HARTA.
Why HARTA is weak compare the rest of 3?

U bought?

careful... spmx is now superoverbought.

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???   

wtf supermx