kinda disappointed to see selling momentum fade off in the afternoon.

was hoping both spmx and TG would drop below RM6.

are your engine ready to start as price start to drop below its fair value?

hopefully tomorrow the selling momentum continue.

couple with Alibaba, this year Christmas present is fantastic!

and for those who are holding glove stocks, remember your feeling now.

it can make you a more mature investor.

good luck!  :thumbsup: 

The nightmare for TG holders is that they may not be given the opportunity to defend the psychological barrier of RM 6 in the event a gap down happens. If TG gaps below the RM 6 mark, that could trigger another round of selloffs.

kinda disappointed to see selling momentum fade off in the afternoon.

was hoping both spmx and TG would drop below RM6.

are your engine ready to start as price start to drop below its fair value?

hopefully tomorrow the selling momentum continue.

couple with Alibaba, this year Christmas present is fantastic!

and for those who are holding glove stocks, remember your feeling now.

it can make you a more mature investor.

good luck!   

The nightmare for TG holders is that they may not be given the opportunity to defend the psychological barrier of RM 6 in the event a gap down happens. If TG gaps below the RM 6 mark, that could trigger another round of selloffs.

After several days of consecutive fall, tomorrow may have some technical rebound.

Don't know recent sell off has to do with possible margin call or not.

After several days of consecutive fall, tomorrow may have some technical rebound.

Don't know recent sell off has to do with possible margin call or not.

TG. On hindsight, need to cut loss at 6.50 and BB below 6

kinda disappointed to see selling momentum fade off in the afternoon.

was hoping both spmx and TG would drop below RM6.

are your engine ready to start as price start to drop below its fair value?

hopefully tomorrow the selling momentum continue.

couple with Alibaba, this year Christmas present is fantastic!

and for those who are holding glove stocks, remember your feeling now.

it can make you a more mature investor.

good luck!  :thumbsup: 

Well, I don't know about technical rebound. What I do know is TG holders may want to pray for a whale to pencil in his schedule tomorrow morning  before 9am to set support above the RM 6 mark to ensure gap down doesn't happen. Right now it's a stack of dominoes ready to go.
Hindsight is the best superpower to have in the market.

Well, I don't know about technical rebound. What I do know is TG holders may want to pray for a whale to pencil in his schedule tomorrow morning  before 9am to set support above the RM 6 mark to ensure gap down doesn't happen. Right now it's a stack of dominoes ready to go.
Hindsight is the best superpower to have in the market.

https://www.investopedia.com/articles/02/102202.asp

Cyclical investing summary.

Easy to read and just flip the table, eg: glove boom during pandemic and quiet down during normal stable period of economic growth.

Unker skty replaced daddy van giving optimistic view on glove.
Hahaba

It's more simple.

Demand will always be there for gloves.

Key is... at what price? Pre covid is 19usd. Now is about 120usd.

Can above 120 or 150 last forever.?

If cannot... anything less than 100usd.. TG will earn less than 5 billion.

Which is actually real good but damn.... it stinks if compared to current expectation of 10 billion.

If and when c19 ends... demand of gloves will still be there. But at what prices? Usd19? Well look back at 2019 numbers...

This is why... even if falls to 3.50, it's a no go stock for me.

It's more simple.

Demand will always be there for gloves.

Key is... at what price? Pre covid is 19usd. Now is about 120usd.

Can above 120 or 150 last forever.?

If cannot... anything less than 100usd.. TG will earn less than 5 billion.

Which is actually real good but damn.... it stinks if compared to current expectation of 10 billion.

If and when c19 ends... demand of gloves will still be there. But at what prices? Usd19? Well look back at 2019 numbers...

This is why... even if falls to 3.50, it's a no go stock for me.

got a very good point, the business itself is a very good business, by virtue of being the largest glove maker in the world is great.

it's not the business that kills the share price, but the valuation, or rather the, expectation that kills it.

Not factored in "new player" spoiler yet!

The other elephant in the room is... Mr. Bond, who has been fairly quiet so far..... except in Sep.

https://www.bursamalaysia.com/market_inform...?ann_id=3087833


Back in 2019, TopGlove raised money via exchangeable bond....

https://www.theedgemarkets.com/article/top-...hangeable-bonds

Quote: “The bonds may be exchanged into new Top Glove shares at the option of the bondholders during the exchange period. The initial exchange ratio shall be 656.0767 Top Glove shares per US$1,000 in principal amount of the bonds

So 2,005,073 new shares listed.
Their cost price is 2.03 !!!!!

And just a couple days earlier, Top Glove on 9/11 splashed 99.972 million buying back (or in my opinion, goreng up their shares from 6.20 to 8.00

The exchangeable bond which were converted into shares were listed on 15th Sep.
Top Glove shares closed at 8.58 the previous day.
That should be worth more than 17 million ringgit.
The cost is about 4 million
The elephant is... how many bond shares are out there?

Their cost is only 2.03...

What's stopping them from packing up and go?
Here's how many...

Because of the recent bonus issue, these bonds are granted bonus shares too...

Source



Max scenario of the bond conversion is 20.249 million new shares...

Are the bond holders converting and then selling their shares?

That is the money ball question that needs to be answered.