Yeah, I have seen reports from 70% all the way up to 95%. Typically around 90%.
It should be between 70-95%.

Yeah, typically it is not required for vaccination.

Don't take it personally, they are probably vested.

The new securities will be credited to the trading account on 5 January 2021.

I understand you can do two things:
1 Sell all the OR shares in the market, latest by tomorrow
2 Exercise the option and convert them to GOCEAN shares, you will need to pay 6000x0.10 = 600 + costs. You will get 6000 GOCEAN and 4500 GOCEAN-WB. Contact your remisier on how to do this.

If you don't want to do option 2, you have to do option 1, otherwise they will expire worthless.

The answer is yes on both questions.

It's similar to getting a dividend. There is always a certain delay between the ex-date and getting the dividend into your bank account.

Just analyse properly and stop doing what is giving bad returns.
If that means you need to stop trading in the Malaysia market, then so be it.

They are planning to do private placement at 1.53 per share.

The edge

In general, people would be buying shares at 1.53 which is a significant discount to the current market price. This is what the company thinks they can sell the private placement at. Or another way of saying it is, if they put the private placement price too high, maybe they couldn't find people to buy the shares.

What I've observed so far.
If price has gone up in the past and PP price is just below current price it stabilizes the share price. So share price is likely not to drop below the PP price.

In this case PP would be at 1.53 and share price at start of day was 1.91. Since the difference to the current price is large, price would logically start to drop.

No, it is for fund raising. They add more shares and people buy these shares.

No clue why they would price it at a certain level, except for the fact that they think it is low enough for people to want to buy the shares.

Currently down 9%. I will wait and see it stabilize for few days before deciding on any possible re-entry.

For me for most stocks I will look at prices pre-pandemic. If still below or about the same I will consider it and dig deeper.

If much higher I will instantly reject it as it would be a gamble to expect it to go even higher during these times.

I prefer avoiding too much risk.

JP Morgan has done the detailed work and came to the same conclusion.

"JP Morgan has reinstated coverage of Top Glove Corp Bhd, but with an underweight recommendation and a fair value of RM3.50 — that's about half its current market price of RM6.90 — as it sees the passing of a supernormal growth cycle for glove makers, in anticipation of a huge oversupply in the market, as glove demand decelerates in tandem with the pace of testing for Covid-19."

"Glove production capacity, they noted, is expected to grow 87% in the next three- to five years from this year’s, with 130 billion pieces per annum capacity to come from the big four glove makers of Top Glove, Hartalega, Kossan and Supermax Corp Bhd, and 20 billion pieces more from non-conventional players."

The Edge

Yeah, you can see some people here are married to their stocks. You say something which doesn't match with their thought pattern and they will straight away attack the person.

Looks like the smart money has been selling. This to me is a signal to do the same.

The market is now higher then pre-covid. It doesn't make a lot of sense.

I wonder how many people owning glove stocks know they would have been better off if they had sold on Friday as compared to today.

It is a very dangerous strategy in the current market.

People especially have to be careful with all these counters that are priced far higher than pre-covid.
They have to accept the possibility that those counters could drop back to pre-covid levels in the long term, so averaging down and holding long term would not work.

The better strategy for counters which are priced far higher than pre-covid is to cut loss if you went in at the wrong time.

Glove stocks peaked in August, people could have sold then.
Then there was a slight rebound in mid October, people could have gone out then.

If you held glove stocks from either of these periods all the way until now, you need to reconsider your trading plan.

This is because no matter what you believe should happen, if more people think it won't happen, the stock price will go down and you are better off selling first and buying back later.

The question is, will you be able to buy when there is another crash or will you be afraid that it will crash further?

An example of selling and losing money:
There was the mini crash on 10 September.
People selling on that day thought it would go down further. They sold and lost loads of money.
But if it had crashed further, they could have bought back later at a cheaper price.

An example of selling and saving money:
People could have sold their glove stocks during the rebound in mid October.
Some didn't and now lost loads of money compared to that time.

Nobody knows what will happen in the future.

This post has been edited by prody: Dec 23 2020, 12:25 PM

It is quite likely unless they are all smaller investors with low capital.

You can see how they talk now and then about buying more shares on days when gloves are green, in the hope that that day will finally be the day the bottom has been set and the trend is reversed.
However, it is quite hard to catch a falling knife as they will know by now.

I am interested in picking up glove stocks (mainly the big 4) again, if:
1 The price has come down to a normal rate (max 100% above the pre-covid price range),
2 The bottom has been set.