was thinking to keep or let go CIMB.. haih

I not that pro until that level yet don't even know how to do that.

anyone knows what time the OPR news will be out?

3pm we will see if KLSE will go up to 1500.... or going toward 1400.

Place your bets gentleman.

Well, we are not gambling by putting money in KLSE at 2.30pm til 3pm. Now THAT would be sohai. Just a "virtual bet" 

Bank counters are picking up in price.

I think can slowly pick up those recovery theme stocks, although full recovery may still far.

As said by sifu, invest in cyclical stock need to do when low tide.

Glove is at high tide at the moment, although already dropped a lot and can rebound anytime, but still at down trend as a bigger picture.

Can accumulate, but dont panic buy. Thats all from me because the unemployment data is not out yet, if 2mr data drop but insignificant, then also meaningless.

NPL is also uncertain, but banks have already taken proactive measures (increase loan provision, some by 300% increase)

I work in TG and i say to hold existing shares and invest more at rm6. The future is bright

No need, its either u trust or u dont. If want, come meet me at tg tower we go the gym at level 10

But still to please you, i send u a pic of me showing peace hhhahahahh

U mean u will be on tv tmr? For real?

I'm a warrant noob. Can anyone tell me how does this Macquarie warrant TOPGLOV-C67 works. Salient terms:

Expiry date - 16 Oct 20
Exercise Price - RM1.667
Exercise Ratio - 1.3333
Breakeven price at expiry (obtained from malaysiawarrants.com.my) - RM6.43

Does that mean if the mother share price is above RM1.667 on 16 Oct 2020, Macquarie have to compensate whoever holding the warrant on that date?

Can this be a reason why they suddenly u-turn their TP for Toglove from RM10 just 2 weeks ago to RM5 - to push down the share price (and hence the warrant price) so that they can buy back the warrants?

Not accusing anyone of anything, I'm just curious and want to know how this warrant works.

TG was rm6 pre covid...

Lol, ok. Misunderstood the statement. Thanks.

Haha it was a rhetoric question. Nice try, but what you described is a company warrant, not a structured warrant.

Unlike a company warrant, a structured warrant is issued by an IB in return for a premium. So the first investor buys the structured warrant directly from Macquarie, and then the warrant is subsequently traded freely on Bursa just like any other share. At the expiry date, if the mother share price is above the warrant exercise price, Macquarie will settle the difference in cash. If the mother share price is equal to or below the warrant exercise price, the warrant will expire worthless.

Now in this case, Macquarie issued this warrant C67 on 3 February 2020 (before the covid19 bull run) with an expiry of 16 Oct 2020 (next month).

With an exercise price of 1.67 and an exercise ratio of 1.333, Macquarie will have to compensate in cash to all warrant holders if the mother share price close above RM1.67. For example, if the mother share price close at RM5, Macquarie will have to compensate RM2.50 per warrant [(5-1.67) / 1.33]. If the mother share price close at RM8, the compensation is RM4.76 per warrant [(8-1.67) / 1.33]. As you can see, even though the difference in the mother share price is just 60% (8/5), they will need to compensate 90% (4.76/2.50) more. This is the leverage effect of a structured warrant.

Now the next thing that people need to know - just 2 weeks ago, Macquarie issued a report with a TP of RM30. Today they issued a new report with [b]higher profit forecast for 2020, 2021 and 2022 on the basis that ASP is increasing faster than expected.

At the same time, he halved the TP on the basis that "ASP cannot sustain forever". What changed the analyst's forecast within this short 2 weeks? Did he suddenly talk to industry leaders worldwide to realise that ASP will not last forever? He did not know how to do his job previously and suddenly now he knows? Did he suddenly have a crystal ball?

Or did some head of department from the derivative division realised they shouldnt have issued C67 because they didn't expect the bull run sparked by Covid-19, spoke to the IB CEO, who then spoke to the head of department of the research division, who then had a "word" with the independent research analyst?

I'm not accusing anyone of anything, I'm just stating the facts and "possible scenarios". You make the judgement. This is something we need to ponder upon before taking in the headline RM5.40 downgrade report.

Icon city in sg way, offered 6 months rental free to a tenant last year.