angie88

angie88 | Joined since 2015-12-03

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2016-01-06 16:21 | Report Abuse

Yes, now where is that joker who said he has inside info that it will drop to RM0.75? Making our toes laugh.....

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2015-12-03 13:21 | Report Abuse

At this price level, downside risk is minimal. We are all speculating about the 3rd quarter results.....I don't think it would be bad as since July RM has weakened against USD from about RM3.8plus to RM4.2plus these days, and this benefits export based industry like glove-making companies.
If buy now, once 3rd quarter results announced are good, it will go up.
If you want to be more certain, then wait till 3rd quarter results announcement(if results good, you might not be able to buy at this level).
This is a growth company (company expanding, building new plant) with good new management, my take at this level RM0.735, good price to buy! Good luck!