WHAT KIM SAID ABOUT GLOVES SECTOR NOW?
1. "BUY IN JUNE HISTORY WILL REPEAT PREVIOUS APRIL"
- Today we had received very clear signal. We can buyback / Addmore cheap gloves. Follow the waves you will be safe in the ocean.
- Today also I saw many new retailers those bought high cutloss because not have holding power.
- Gloves, for sure now you cant do daytrade. It not easier like before or previous 6 months.
- Tomorrow I am expect Gloves stock only good performance and will lead the market movement.
- After 6 month gloves performing, now another 6 months to go. As I am expecting Gloves will play role till March 2021. So I am not worried holding as investement till next year.
- My planned as follows :
1 month (Buy) next 5 month (Sell) - January - June FY20
1 month (Buy) next 5 month (Sell) - June - Dec FY20
1 month (Buy) next 3 month (Sell) - Jan - Apr FY21
- I am expecting the profits of quaterly and yearly results. Not base on when this Covid-19 will be end and vaccine will be found. So Big-4 gloves profits already calculating on paper profits FY21.
2. "COVID-19 PHASE II JUST STARTED
- COVID-19 heading to 10,000,000 within another 3 months
- COVID-19 heading to 5,000,000 within another 3 months
- Globally, there have been 7,273,958 confirmed cases, including 413,372 deaths has been reported to WHO.
- Case Comparison (Confirmed Cases) as below :
Americas - 3,485,245
Europe - 2,339,145
Eastern Mediterranean - 696,841
South-East Asia - 407,414
Western Pacific - 194,470
Africa - 150,102
3. "OTHERS GLOVES STOCK - LIMITED"
- After 6 month end-up. Others gloves stock like Comfort, Ruberex, Carepls, Esceram etc etc. Must monitor closely and cautiously. Why?
- Because, in my views all of them already hit on limited ceiling. So I dont think it will go more beyond and so far from here. It will have big corrections and adjusting their P/E and their capacity etc Phase II COVID-19 the countries and frontliners already well prepared.
- So my advise is. Only focus Big-4 counter
1. Top Glove
2. Harta
3. Kossan
4. Supermx
- More worst if others are limited / small production on their exports to other market (International)
- But Big-4 have no problem with their exports/produce capacity, etc.
4. "CRUDE & BRENT OIL BREAK DOWN LOWER"
- Brent & Crude already slump down 8-10% today.
- History will repeat previous 2 months ago.
- Signal very clear phase II just started.
- Frankly in my view, I still no confidence in Oils performance yet. There still no good news or cover news from OPEC. Even Trump and Putin still play Joker Card.
5. "DOW JONES INDEX"
- I am predicting Dow Jones will slump and break down badly again amid Phase II Covid-19 hit badly America Latin. Second wave fears spark global share sell-off. Index will be around 20,000 - 22,000 from current now stand at 25,700
- More manipulation / speech from Mr. T will make their more worst because to satisfy their-self agenda.
- Incidence of violence and inhumanity against blacks in their country already facing very big issue.
- The number of U.S. coronavirus infections passed the two million mark and over 112,000 Americans have died.
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6. "MY REAL TARGET STILL REMAINED - MY PRIORITY BIG-2 (HARTA)"
HARTALEGA
Target Price : [ TP5: RM18 – TP6 RM23 ]
Last target : RM30 (Mac-2021 – Last target depend on COVID-19 situation)
Call Warrant : HARTA-C39 [ TP: RM2.05 ]