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These IB investment analysts always have their own ulterior ‘motive’ when issuing analysis report, sometimes is too optimistic and certain times is too pessimistic, it all depends on their end motive, Macquarie IB is another example: 鬼佬 always cannot be trusted........
"It is so ridiculous to down grate Top Glove by 50% of its last traded price to Rm 3.50 after it reported EPS of 29.64 sen for its quarter ending November. Its previous quarter ending August was only 5.32 sen, an increase of 5.7 times.
Perhaps JP Morgan has issued too many call warrants at much higher prices. If Top Glove share price remains so high, JP Morgan will lose a lot of money.
A call warrant is a financial instrument that gives the holder the right to buy the underlying stock shares at a specific price on or before a specified date." - Koon Yew Yin
hahahahaa what a joke. only big glove players will survive the competition. common sense. biggest glover maker will beat all the ciku small glove player la. my grandma also smarter than them
these MAlaysia JP morgan writers are typical 打工仔,they are not businessman mind and forever be workers .that why they are sit in office table for salary to write bullshit analyst and collect all glove share at low price.they can say if increase labour cost if topglove buy accommodation for labour ,they also can write negative way if treat labour in bad condition. these call manipulated and flushed out weak retailers
Haha, JP Morgan is looking to re-channel, to reallocate their global funds to more vibrant Asia market when compared to highly over-valued US stocks.
JP knows where the pots of gold are available in KLSE but not willing and ready to pay market price.
Free market economy is determined by the free market forces of demand and supply at play.
The Malaysian rubber gloves manufacturers' stock prices from Top Glove, Hartalega, Kossan and Supermax Corp Bhd etc. have been determined by free market.
Free stock market forces so far have freely traded and have determined where the level of stock prices are for these rubber glove makers.
JP Morgan's words alone can speculate but too hollow to recalibrate what the market prices should be.
The trading and investing community at KLSE are the true generating forces for the stock prices.
JP, good try and good luck!
