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.
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