399m for supermax is slightly below 410m of unker koon

If im not mistaken, new TP for topmen by him is RM126.

And the ASP increases... won't there be repercussions in the future?

Put it this way...
If my supplier keeps on increasing price constantly at an alarming rate... there will be a time in the future... if ever I get the opportunity, I would tell my supplier to buzz off

Yup. It's not gonna happen now but one day it will...

Cos the news of these glove makers enjoying wild profits due to higher ASP will be known to their buyers....

126 is from him, latest.

the affin man quoted 110 as a bull-case with 46 as base call price.

Hope you don't mind me asking.....

1. Do you think it's important to have your own trading edge?

ie ... you ant to trade in such a manner, that you know it is best trading method, where you have a decidedly much better advantage than others?

2. If so, won't listening/following/reading stuff from this old fart, where he had been proven to buy, promote what he buys (he does it by writing) and then dumping?

3. His track record of failures is quite long....

4. His track record of people following his recommendation and getting burned is LONG too ....

Therefore .... a friendly word .... avoid at all cost .... well, that is if you want to be a good and successful trader yourself.

anyway just my 3 sen opinion and you have the rights to disagree completely. LOL! Cause many time I simply talk ayam one. 

When is TG QR report release?

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

not announced yet.

should be known shortly after EMG on 18 aug.

See.. those that know me... would know that one phrase I used b4.... 'use charts but don't let the charts use me'...
Well... a double top was formed... The neckline was broken... and the stock staged a wild comeback thanks to the reckless buybacks from the company.... and so here we are where we are.

chart - candle stick on Thursday and Friday shows a technical rebound

fundamental - everyone is expecting a bump in coming quarter QR

sentimental - LWC and co share buyback, and appear in TV to calm investor

when all 3 is ticked, what could go wrong on monday?

Well, try to put the buybacks into perspective of that posting.

On the 9th..



TG did made a buyback on that day...

1,392,000 shares were bought. Amount paid RM 9,995,061.12. Price was between 7.11 and 7.21

9 million. Normal buyback from any company...

Stock continued to slide big time. Double top with the stock trading breaking down fast the neckline... that would easily be sell trigger for some...



Later that day... the announcement.... 14,930,000 shares shares were bought.
This was a massive share buyback. RM 99,934,285.00 was the value!
DO search the Bursa historical share buyback.
Has there ever been another share buyback of such magnitude in value?

price paid was between 6.12 and 7.40!

okay shares were plunging... maybe they thought is was a good idea to defend the price as hell. TG closed 6.45 that day.

And the next day ... another 13,420,000 shares were bought!!!

Another massive buyback. Value was RM 99,972,625.50

But get this..... price of the buybacks was between 6.20 and 8.00

ahem.... that CLEARLY drove the prices higher. Well... the data is there.... and do tell me I am wrong!Tell me I am wrong that the buyback did not drive the share price higher!

Utterly reckless. That's my opinion. Well, if you reckon that it's staged and well planned... well, that's your right of opinion.
and btw... I posted the screenshot of TG last reported QR. Look at their bank balances (yeah, bank balances would have improved since then) ....not a whole lot of cash to be doing buybacks of such magnitude!

Yup.

But do understand that I don't simply mouth off on something. The signs were there.

Yea, on theory share buyback is noble and also by theory it increases shareholder value. But let's be honest here. This is the stock market we are talking about, and in the stock market abuses happens so regularly.

Can share buy backs be abused? Answer? If the share buybacks specifically drives the stock higher. In short, local lingo, they goreng the bugger higher. Well, that's for me, is reckless. Which is why I said what said.

That said date... 11th Sept... says it all.

I wrote..
I should not have been lazy. I should showed you the stock trading data for that said date...



The stock traded between 6.15 and 8.03 and closed at 7.76.

The buyback was from 6.20 to 8.00.

How? Wasn't it undeniably that TG buybacks drove the stock higher on the 11th?

Dunno about you but this is crystal clear to me....
Anyway... in regardless, that's in the past already. And please do realise I have zero vested interest and I will not have any in TG. Okay. My disclaimer. Lol. And yeah... a pinch of salt and tequila... that be nice.

Have a good Msia day!!