think this... some people think it is fake news.... anyone??!!

Majority already released. Only left a few.

Market anticipated bad QR already, the market is looking at whether near future showing improvement or not.

market rebound nw..

crazy supermax....superman....warrant c91 stim stim

gloves are back

supermax and comfort ran off so fast and far.

will topglove n harta follow suit?!!

Glove stocks in high jump again.
Foreign funds come in again?

gloves had a nice run today... i think it will continue tmr morning.

hope all glove lovers are celebrating.

True. I guess my views is bias, cause im tracking a few active small / mid cap stock that has gone up quite a lot.

So far none of them has released their QR yet. But i know for a fact it wont be good, just how bad is the question.

Jeez... when the KLSE goes into green because of gloves alone, you know just how volatile the market is. EPF better start supporting the other sectors too, else if gloves go south, ain't looking good.....

Now how? All the glove stocks rallied today. Tomorrow the retail traders will rush in because of FOMO. Buy high and sell higher.

Then tomorrow afternoon or the day after that the price will drop again. Some retail traders will be trapped. The price will drift lower and lower. Then some retail traders will be forced to cut loss.

And the cycle repeats itself again. Welcome to the stock market!

that's the nature of the beast.

all global bourses are going thru the same motions - only certain sectors are holding well, the rest r going down n down.

take usa - only nasdag is strong, v strong... the teslas, googles and apples.... boeing, ge, banks, hospitality are going nowhere but down.

here, we have gloves and only gloves.... there is nothing else.... think developers, construction, malls, resorts, oil n gas - all trembling.

this will go on until a fully tested n effective vaccine arrives... 1, 2, 3 years... who knows?

if exports drop 25%, where do u think it's from and which sectors getting hammered?
https://www.freemalaysiatoday.com/category/...st-in-11-years/

epf... is not going to be able to do much.

chances are, as usual, will be armtwisted to support glcs n "the usual suspects" even if bleeding... u know which ones.

oic. time to buy from finance, properties, construction, consumer, plantation.

Not just gloves alone contributing to KLCI jump. Very unique day indeed. I guess good to upload it here for posterity


This post has been edited by Medufsaid: Jun 29 2020, 05:32 PM

The KLCI components have been revised. Airport and AMMB are replaced by TM and KLCC already.

Genting M at 9 million+? That's unusually high. Then again, its ex date....

tomorrow k1 ...

hahha yeah just saw K1's report....but tmrw rubberex? damm what you think boss?

k1 2molo expect to go up?

About K1

They got the license to manufactured the Nasa VITAL ventilator. However they are not selected by Nasa to be their manufacturing partner. Also the VITAL is a short term ventilator for use in 3 - 4 months period and is not a substitute for a real hospital grade ventilator. I wonder will it be worth the effort for K1 to pivot their manufacturing line to produce these ventilators or not, seeing that the demand is short term and the product life cycle is short.

Apart from the ventilator story, K1 is not doing particularly well. I believe their original business is EMS for the automotive sector. Which is not doing well and a drop in revenue would mean they did not secure new contracts / client it seemed and instead of focusing what they do best, they are moving away from competition.

Manufacturing is not easily re-tool and not without expenses. If you think just getting a license will make them suddenly be super profitable, that may not be the case

That is just the analysis on the business, but for trading, who knows it could go green tomorrow as people will say result only show in May - Sept reporting quarters.