Jom & Terry
SUPERMX - WHAT'S AHEAD?
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SUPERMX
WHAT'S AHEAD?
CONFIDENT ON SUPERMX (AND TOPGLOV)
In short, we are confident on TOPGLOV and SUPERMX. Glove demand remains elevated around the world, and they have decent ASP hike, spot-order mix, established distribution systems, capacity expansion as well as high earnings visibility. Based on current share prices, TOPGLOV & SUPERMX's forward 1-year PERs seem reasonable. We are holding TOPGLOVE and SUPERMX for mid-term investment.
TECHNICAL PERSPECTIVES
Similar to TOPGLOV, SUPERMX's two previous rallies were initiated by a bullish engulfing candlestick with considerable volume, after correction.
As of 18 August 2020 (Tuesday), we have observed THE SAME THING AGAIN - a 3rd bullish engulfing candlestick with considerable volume (less obvious compared to TOPGLOV), after correction.
What will happen next? Let us let the market decide.
RISKS & UNCERTAINTIES
If COVID-19 is contained globally, glove demand & ASP may be impacted. Meanwhile, share prices of TOPGLOV & SUPERMX may fluctuate too wildly for certain investors.
DISCLAIMER
This article is produced based on our own study and analysis based on publicly available information, for sharing purpose only. Our views could be partial and/or inaccurate. We invest with capital we can afford to lose, if things go wrong. There is no buy/sell recommendation.
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