well ... I am not too sure. Is there really so many contra players out there playing stocks like TG and SM?

And could one broker caused so much havoc?

Not sure myself....

for whatever the reason ... I do hope market recover...

a livelier up market certainly wouldn't do the people no harm! 

When is TG QR report release?

I really believe that the market really needs the big big numbers from TG.

Its already announced much earlier, can refer below. But of cos, its subjected to change.

https://www.topglove.com/corporate-calendar/

Dali san comments ..... http://malaysiafinance.blogspot.com/2020/0...s-of-being.html

I would very much agree with Dali comments but then ... decisions made by gov ... can be unpredictable....

Aug to Sept - ASP increased 20-40% depending on the type of gloves
TG allocating 30% for spot orders
Target to resolve CBP detention issue by the end of August
Expect to pay a final dividend which will be higher
Average TP from all the analyst is 31.13
Average PAT expectation from all analyst is 1.4b
Windfall tax was debated on Parliament yesterday.
For now there is no intention to implement the windfall tax.

... and the market is crazy hot.... 

just like 4th Aug ..... 

KUALA LUMPUR: The government has launched the RM500 million Sukuk Prihatin which aims to raise funds from the public and corporates who wish to help contribute towards the Covid-19 Fund.
https://www.nst.com.my/news/government-publ...digital-islamic

Only 500 mil la... lol... too small.
Ps...

taikor, need a favor, again!

the gloves top4 ... or just topgun, superman will do.

after today, i see some resemblance between the periods aug 11-13 and july 14-16.

if u can take a quick look... if what i see is half correct, we should get a short leg up tmr aug 14... like july 17.

like to hear from u, thanks.

not really seeing what you are seeing ....   
But that msci news ...... it should be positive....

watch the volume.... if the volume doesn't kick up and disappoints again ... err...........................

Sorry went for a morning walk...

not much view on it ....

I had SuperMan on my fake trade cos technically it was a sell and I wanted to see if I can catch a trade based on 'the correction had been too much too fast etc'...
well... i didn't catch a trade .. even for my 555 book.


I really got nothing much to say...

more negative on the bonus issue...
this is what I am guessing...
once it goes ex and the price is adjusted...
those few days... it might see a pop but once the bonus shares are credited into account... i think could see the stock actually slide...
size of a shares matters a lot for me....
big shares stock is much harder to move .....
compared to smaller size....
stocks like TG will be a 8 billion size listing....
it's not gonna be easy to move ....

Looks like 3 white soldiers but it isn't...

Too big la

LOL....

Have a good weekend dude

Hmm based on the three white soldiers definition, isn't it meant to be used as a reversal of a downtrend? TG doesn't seems like in a downtrend? Though i have no experience in trading using 3 tentera putih tho

Ah yes i guess is also depend on your timeframe. The way i see it ever since it touched its high of 28-ish, now its making its first retracement to 22-ish (17 aug) then start to rebound from that 22-ish after that. So see what TG wanna do lo if consolidate, shud be the range 22-ish to 28-ish. Else if wanna uptrend/downtrend, depending on >28-ish closing/<22-ish closing ar. This just my view ar. No right or wrong, i'm also just learning only XÞ

No wo....

Must be losing my touch....

Ya lo...

Back to TG.....

There's basically nothing 'new' and this I have to say is all due to our lack of quality in the scientists. It's overdone. Giving new TP based on profit revision every couple of weeks early on will have its consequences, in which they set the bar way too high that whatever profit the glove makers will not make/cause any new surprises.. what's the latest profit estimate? It was 800m early on and they just went up and up... now 1.1 billion for q4? I lost count already

It's so high that it's not gonna seduce ppl like me unless it's 20% above their estimates... err... which is gonna reach 2 billion at the rate the estimates keep revising.

Yup... so for me... unless the numbers come in really big and force these already over optimistic scientist to drop their glasses.. TG next QR will be a non price boosting factor.... which is utterly stupid if TG reports a billion in profit for the quarter and these jokers say oh, no big deal, we were expecting much more...

and if the profits don't dazzle how these jokers gonna create higher earnings numbers?

.... and as it is... the 2022 numbers are not even indicating booming numbers....

just some few sen for you to ponder.. M

It’s all about the sentiment now. Ppl don’t really look into the details in such a bull run. Still plenty of newcomers will pick up the expensive stocks. No idea when the musical chair will stop.

Are you kidding me? That's a terrible way to compare. Must be desperately trying to promote Maybank.

Clearly most knows that such profit growth is unstainble. Even in the reports.. the 2022 numbers are missing the growth.

But yeah in a bullish market its hard to talk sense with the punters... stocks like Karek, Notion, LKL, Nice...and many more.

Possible Top Top for TG forming .......

Ahh....

kinda explain the declining volume (waning interest) seen lately on TG....

every tom dick and harry wants to join the bandwagon ......


I guess over capacity will now be this industry biggest concern in the future....

Newcomers venture in Glove business (same situation seen in the past pandemic but not able to survive when demand normalize)
250 gloves manufacturers 30 years ago, and 40 players left now.