During this covid, we observe there are three abnormal situation:
1.) Glove superprofit due to ASP hike
2.) More new glove players had enter the market
3.) Production capacity increase than the average capacity over last few years.
thanks @Stockisnotfun
the biggest casualties will be those new entrants which core business is totally not related to gloves at all, but suddenly jumping into the bandwagon. In order to protect market share, established players will have to cut prices down to kick those new players out. I do agree with the analyst from the video posted above.
2021-03-01 00:29
How many of these so called new entrants will really go into production eventually?
I will say more than 80% of them (especially those penny stocks belong to the same syndicate group) will not.....solely to goreng their share prices to capitalise on the glove party.
Let's c.
2021-03-01 06:32
Posted by Bamboo Green > Mar 1, 2021 12:18 AM | Report Abuse
八点最热报: 手套股的黄金岁月已不再,手套价格割喉战即将爆发!
Last but not least, the same few analysts were pretty bulish on glove co few months ago.....not very long ago
When prices were high : Bullish
When prices were low : Bearish
Quite pro too.
2021-03-01 06:38
Very true actually. The another guy said the glove price will come to you kill me I kill you after covid ended especially for the new players.
During this covid, we observe there are three abnormal situation:
1.) Glove superprofit due to ASP hike
2.) More new glove players had enter the market
3.) Production capacity increase than the average capacity over last few years.
At least those point he mentioned is according to the fact that already happened.
2021-03-01 10:36
Everyone is expecting price war later, why still want to go in a company that will enter cut throat price war soon?
2021-03-01 10:53
You all now believe or not. The last few days old fox keep publish to hold and promoting supermax and glove sector is to let him go out with profit lots by lots. You all still believe him? You all kena con liao
2021-03-01 11:06
Bamboo Green
八点最热报: 手套股的黄金岁月已不再,手套价格割喉战即将爆发!
2021-03-01 00:18