The guys who keep saying game over why are you here for? If its game over, please leave and move to other forum

This is a correction and its normal. After each correction, there will be a bull run

Price will chiong to all time high by Wed/Thursday.

Be a proud a Malaysian. Happy Merdeka everyone. SM is world class

Take it easy guys..this week is side way and last of August, historically RED. Next week is September the real boom to all time high

Tomorrow will be very likely the start of the rally toward all time high. For those who miss it, its an opportunity to buy in and ride on the rally toward bonus issue next week

What time is the result announce?

Take it easy la ...now early morning just start engine...everyone holiday mood...later or tomorrow limit up

This is once in a lifetime opportunity for us to make big money out of this glove sector. Those who miss the 1st and 2nd wave, this 3rd wave maybe your last chance. The price may continue to go higher and higher after the split.

@ytthis, could you add me to your group

Comfort is forgotten as everyone is focusing on Tg and SM for the coming bonus split

Slow and steady rise everyday toward split next week panic buy until RM40

Average TP is $2.5, so just wait. It will be here. Anyone know when the dividen issue?

You guys keep on saying too high..it was too high when TG hit 10 and look what happen. Its close to 30. The TP is still far away at about 40+
For those who havent bought, still can buy. For those who bought and hold, congratulations.

People will continue to buy until the bonus split where the price is expected to be all time high. After split, its much cheaper to buy and the price will continue to be rise

Avoid the noises. Hold and buy till TP 35-45

Vaccine increases Glove demand. Price will increase exponentially. Still good to buy before it fly to 40

Now we know Appearance of Vaccine = INCREASE demand for more gloves.

For those who panic sell, I am sorry. For those who hold,price will go higher. The issue now is sell or don't sell when the TP is reached

What a glorious day for Glove and Msia. After days of bad news, it rebounded with a convincing and huge gain within a few hours. Congratulations those who hold and didnt listen to noises. Invest based on fundamental data and not speculation. After the low, I believe the next bull is coming and should hit all time high again. For those who miss out, you have another chance.

Vaccine will not affect the high demand for gloves over the next few years as it will take time to find a real effective vaccine. The various mutations of the virus will make it even more difficult.

Seems like a lot of naysayers are buying back at 16+
So now we are at the same boat. IT will chiong toward bonus issue

Current retailers trade with emotion. Investors invest based on data. In the next few weeks and months, it will surge to all time high

Rebounding now....buy before its too late

Valuation:

A conservative forecast approach is to assume no hike in ASP and EPS remains the same for the next 3 quarters.

4QFY2020 EPS: RM0.3058
1QFY2021 EPS: RM0.3058
2QFY2021 EPS: RM0.3058
3QFY2021 EPS: RM0.3058

Thus a forecast full year EPS = RM1.2232
Giving a conservative P/E of 20, a conservative fair price would be RM24.46.

A more realistic forecast approach is to assume more hike in ASP and 10% qoq hike in EPS for the next 3 quarters, considering rise in Covid-19 cases worldwide, especially in the US where they export 51% of the sales to.

4QFY2020 EPS: RM0.3058
1QFY2021 EPS: RM0.3364
2QFY2021 EPS: RM0.3700
3QFY2021 EPS: RM0.4070

Thus a forecast full year EPS = RM1.4192
Giving their average 10-yr P/E of 28, a realistic fully valued price would be RM39.74. (+87% upside)

Yes they do make money for the past few months but if they did not take profit, many are back to square 1

pls add me..tq

Yttihs pls add me, TQ