In its strategy note on Monday, Kenanga Research retained its outperform call on Top Glove with a target price of RM8.50, Hartalega RM21, Kossan RM7.50 and Supermax RM9.05.
It said with regulated short selling finally allowed effective Jan 1, the first week of trading in 2021 saw the biggest short-selling volumes in the large rubber gloves stocks. “Statistics from Bursa Malaysia however, do not reveal the breakdown of hedgers, arbitrageurs and profit seekers amongst the short sellers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sanichi Technology offers lowest rights issue price of eight sen for glove stocks | Malay MailKUALA LUMPUR, April 22 — Sanichi Technology Bhd is diversifying into the rubber glove industry via issuance of over 1.42 billion renounceable Rights Issue at an issue price of RM0.08 with up to 712.21 million free warrants on April 23, 2021. The free warrants will be on the basis of six rights...
Source: malaymail - 🏆 1. / 86 Read more »
Overseas funds are loving Malaysia glove stocks again after sell-offBoth Top Glove and Supermax climbed more than 2% in the local stock market today. FMTNews Malaysia Glove Stock
Source: fmtoday - 🏆 5. / 72 Read more »
GameStop phenomenon spreads to Malaysian glove stocks | The Malaysian InsightRetail investors are propping up gloves stocks that are being targeted by short-sellers.
Source: msianinsight - 🏆 8. / 63 Read more »