FOMO only, was never seriously in. Watching it go upwards.

Well, what type of player are you?

You need to address this. Cause if you are a longer term player, such indicators are mere footnote. By itself, the volume and the candles cannot indicate the trend.

Glove's? Wow. Did you follow my postings here on my fake trade on TG. From buy to sell....................

LOL... but it only meant I failed in my sales pitch.


So what's happening?

Missed most of the morning...

Nothing happening, market in the green.
As usual, lots of noise from people touting their gains and little of anything else.

Glove talk seems to have turned into Tech talk for now.
The OPR next week should be next on the discussion agenda soon.

ah... same old same old.

Yea, no fun.
When gloves were deep diving, I got loads of entertainment in i3.

No dessert for me sadly haha.

me too Help me ring the bell

Nah... since numbers fun...

Since Dec 31st (closing day prices) compared to current midday prices

Harta 12.14 -> 12.36
TG 6.12 -> 6.36
SM 6.01 -> 6.71

yea... you get all the Short Sell nonsense, the Call Warrants blah, blah, blah....

those entertainment will make you lose focus.

YOU!!!!

counting fingers...

draw picture on TG, color it too .... and then some other nonsense....

What's your station?
3.80 for MI and 2.60 for Inari?

draw on your face, slice slice for gold.

2.59...waiting

2.59?

it's now... err... 2.90... no.... 2.86.

if it gostan back so low, so fast .... in the next few days.... best don't touch... cos it would have meant something drastic happened and forced the stock to collapse.

oh... yesterday news... after my position is cut at 6.60.

https://www.theedgemarkets.com/article/glov...ng-vaccinations

this section below:


“Malaysian glove producers’ aggregate market capitalisation is 86% correlated to the US daily new testing data. The high 90% correlation was due to higher hospitalisation rate, driven by more testing, which in turn leads to higher demand for medical supplies and glove,” the bank commented.

The anticipated slower demand, JP Morgan said, implies limited upside to the average selling prices of the rubber glove.

In an earlier research note dated Jan 6, JP Morgan said it expects glove prices to reach a peak by the first half of 2021, with prices and profits to normalise thereafter.

The bank had compiled data of 18 countries, representing 17% of the world population, and found that besides India, Canada, Russia and the UK, the remaining countries it tracked are seeing a slow down in testing.

This limits the upside to glove prices, said JP Morgan, as “the more one tests, the more cases will be discovered which leads to hospitalisation and the need for medical supplies and gloves... Surges in testing created shortages which changed glove pricing from negotiated basis to spot”.

At the time, the average selling price stood at US$140 versus US$22 pre-Covid-19, which the bank said was driven by unsystematic buying.

Secured revenue growth is unsecured
Investors argue that the revenue growth is secured as most glove producers claim to have two or more years of order backlog, but JP Morgan begs to differ.

"It is crucial to understand order backlog and secured revenue. Orders are merely an agreement to buy a certain volume with prices determined or undecided. Buyers can walk away from it,” it wrote, noting that secured revenue is when customers have paid fully or partially for future delivery.

"As shown in Top Glove's quarterly results, we have indeed seen a sharp spike in deposits collected, from RM60 million a year ago to the latest quarter’s RM1 billion.

"However, the deposit paid is merely 4.7% of projected revenue for the financial year ending Aug 31, 2021 (FY21). It is not even equal to a month’s worth of glove sales," said JP Morgan.

JP Morgan maintained “underweight” calls on Top Glove Corp Bhd with target price (TP) at RM3.50, Hartalega Holdings Bhd (TP: RM8.50) and Kossan Rubber Industries Bhd (TP: RM3.80).

However, it cautions that the risks to the calls on the three glove producers include a second global wave of Covid-19 which could lift glove prices to new heights, unscheduled capacity shutdowns, a significant fall in input costs such as nitrile and natural rubber, a significant step-up in dividend payouts as well as a substantial degree of ringgit depreciation.

i touch you okay?

Very fair reporting. Well i believe sure got some glove holder will try to counter each point with their own argument.

I doubt if they ever read these last few paragraphs....

Already there is a stand alone thread in the Stock forum on JP Morgan's report.
Gloves are a sacred cow to some.