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Riverstone
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tonyja
Elite |
06-Jul-2021 23:33
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Tradeview - Retail Investors Are Not Lambs To Slaughter, They Have Families Too For many years, our local stock market had subdued retail investors participation. There are many reason why but mainly it has to do with the past financial crises. Whilst writing my book, I did substantial research sifting through past news reports and academic papers. For every cycle between 1987, 1997/98, 2008/09 and 2020, the stock market rally was always precipitated by influx of retail investors pushing it to new highs. However, they are always the last to leave ending up the biggest loser when the market collapse or selloff. This will then cause a period where retail investors participation dwindles to record low before normalising. This is why brokerage houses or investment bank often focus on institutions / large funds as their key clients. This means they will get good insights from analysts, access to corporate management which help them invest better. Retail investors on the other hand will always be disadvantaged. This caused a vacuum and who fills the void? Fake Gurus Retail investors influx in 2020 reach levels unseen since the 1993 bull run. Similarly, fake gurus started propping up everywhere. Countless Facebook & Youtube Ads of Fake Gurus flooded my social media. No matter how many times I hide or report ads, just like cockroach, they will find a way to come back. Now imagine, with many new retail investors, this makes them easy target for the Fake Gurus. Especially in a time of pandemic, where people are locked up at home, businesses are closed, income reduced, job loss, even boredom kicks in. Many invest in stocks hoping to pass time or simply to make ends meet. When those Fake Gurus keep appearing in your screen, showing you his expensive watch, car, house dressed in suit, you start wondering, maybe you should try investing too. With no knowledge in the stock market, your only reliance is the Fake Guru and his " philosophy" . You dont even know whether what he is teaching you is real because the Fake Guru gets celebrity endorsements and pictures with VIPs. When you ask question, they brush you off. You end up blindly following. Sadly, these bunch of flamboyant and ostentatious people are indeed Fake Gurus who know NOTHING about investments, risk management or valuation. They only know simple theories. Needless to say, tragedy strikes when the market is no longer in a bull run like in 2020. These Fake Gurus had no idea about macroeconomics hence they would not know the intricacies of global landscape, politics or social issues which would necessitate retail investors to conserve cash entering 2021. They would also would not know cashflow importance and missed out Serba Dinamik' s glaring issue. As of today, KLCI is at 1531 which is 9% down from 2020' s peak which is close to a 10% correction. Why am I writing this? After the FM988 live call suicide incident, I felt very empathetic towards the caller' s predicament. What I didn' t know was there are in fact so many victims like him out there who have paid RM 15k per person to these bunch of Fake Gurus and lost almost everything they invested in the stock market. Retail investors are crucial towards the healthy development and vibrancy of Malaysia' s stock market. The fact that their record participation in 2020 have filled the void by foreign funds who have been selling our Malaysia stocks for the past 13 consecutive quarters shows how precious they are. If our retail investors are burnt by your actions and never to return to the market, it would lead to a huge void in future just like the Singapore Penny Stock Scandal in 2013. So, I would like to put this on record, to those Fake Gurus, if you still have conscience and a heart, REFUND every single sen to these poor people. After that, close down your website, social media accounts and do not ever promote yourself as a GURU again. It is not their fault that they are misled by intentional and systemic misrepresentation. They are not lambs for you to slaughter. They have family too. Full article source : www.tradeview.my |
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Sgvale
Supreme |
06-Jul-2021 22:19
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Malaysia Gloves Co. are supplying gloves to 195 countries & regions. With the closed production in Klang. Supply will seriously cut. It will drive up the selling prices of gloves.
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highlander
Senior |
06-Jul-2021 22:09
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While this will affect the output for each of the companies, it may come in as a ' blessing in disguise' as the supply will now be tight. It may also result in an increase in the ASP. Acording to Dr Supramaniam Shanmugan, president of Malaysian Rubber Gloves Manufacturers Association (Margma), 58 per cent of all gloves produced in Malaysia came off the glove manufacturers in Selangor !! ( 4 July 2021, NST)
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sutiono
Veteran |
06-Jul-2021 19:44
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From Malasia news , Glove factoriesof TG , Harta and Kossan located in Klang , closed production due to EMCO , as Medical gloves are classified non essential. | ||||
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coolbear123
Senior |
06-Jul-2021 18:46
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Yes, no hurry
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Twiggy
Member |
06-Jul-2021 15:55
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slow and steady would be better.
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Sgvale
Supreme |
06-Jul-2021 15:11
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Waiting to cheong $1.28. | ||||
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Traveler
Member |
06-Jul-2021 14:51
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That's true. There is already a severe shortage of chips supply in the Semiconductor industry.
The demand of cleanroom glove will continue to be strong.
Intel is planning to build a chip megafactory in Germany and requesting a funding of US$9.5billion from EU.
https://www.channelnewsasia.com/news/business/german-state-of-bavaria-in-talks-with-intel-on-chip-megafactory-15042312
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tonyja
Elite |
06-Jul-2021 14:34
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https://m.malaysiakini.com/news/581911 A letter for glovemaker Top Glove to operate in an enhanced movement control order (MCO) area in Selangor has been revoked, said a source in the International Trade and Industry Ministry (Miti). The source said it was revoked because they are not on the list of the essential services in the National Security Council' s standard operating procedures |
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Sgvale
Supreme |
06-Jul-2021 14:22
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Malaysia Glove is providing the world supply. V lucrative. Post MCO, suppressed supply will meet demand | ||||
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Midtermer
Master |
06-Jul-2021 12:44
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Key point to note is that riverstone specializes in cleanroom gloves and I do not think the asp for cleanroom gloves s affected by covid. In fact cleanroom gloves will be in higher demand when economy recovers. Dyodd.
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Twiggy
Member |
06-Jul-2021 12:24
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Aren' t we looking at long term investment?
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Traveler
Member |
06-Jul-2021 11:51
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@Gunass, thank you for sharing the informative facts. Great to know that the company can declare dividend in Aug. - The net profit for 1Q2021 was RM522.7 million. - We are not sure how significant the impact on the profit from the mco in June. But believe it should still be decent though we can expect some drop. - Just for discussion sake, if we take a Q2 profit in the region of RM400 million, the net profit for 1H2021 will be around RM900 million ? - We should be able to expect an attractive dividend, right ?
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Midtermer
Master |
06-Jul-2021 11:04
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lol if close 1.25 today will be fantastic already.
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Sgvale
Supreme |
06-Jul-2021 10:58
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Can up 0.20 a day kind or not?
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yumsang
Member |
06-Jul-2021 10:52
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wait till crawl above 1.30 then rejoice | ||||
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sutiono
Veteran |
06-Jul-2021 10:34
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BBs collected enough , time to move up ! | ||||
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Midtermer
Master |
06-Jul-2021 10:25
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I'm optimistic but let's see end of day. Cheers
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Sgvale
Supreme |
06-Jul-2021 08:26
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Reversal starts today? | ||||
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tonyja
Elite |
06-Jul-2021 07:47
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Rubber Gloves ASPs to average at US$67-US$75 in second half | Daily Express Online - Sabah' s Leading News Portal.jpg) Despite the decline in ASPs, it noted that supply shortage for disposable gloves still remains, with the crunch expected to last until 2023 before supply catches up with demand. &ldquo With vaccines appearing less effective against certain new variants and upcoming winter towards year-end, we do not rule out the possibility of Covid-19 cases rising again, despite vaccination efforts in key markets. This would inevitably increase the demand for disposable gloves,&rdquo it said in a note Friday. ADVERTISEMENT The investment bank lowered its financial year 2021/2022 net profit forecasts for Top Glove Corp Bhd by -3.3 per cent/-2.6 per cent, and Kossan Rubber Industries Bhd&rsquo s FY21 net profit forecast by -7.9 per cent to account for lower sales volumes from smaller workforce capacity during full Movement Control Order (FMCO). The recently imposed FMCO mandates that glove manufacturers operate at 60 per cent workforce capacity from June 1-30 for the duration of the total lockdown. Furthermore, in the government&rsquo s National Recovery Plan (NRP), Phase Two and Phase Three 3 (July-October 2021) continues to mandate that manufacturers operate at below full capacity (80 per cent workforce). ADVERTISEMENT At the current price levels, it still expects healthy dividend yields for glove players to support share prices. At current prices, glove players have FY21/22 dividend yields of 6.9 per cent to 19.2 per cent. HLIB maintained its &ldquo Overweight&rdquo call on the rubber glove sector and adjusted downwards its target price for Top Glove (RM6.76 to RM6.72) and Kossan (RM5.60 to RM5.54). |
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