Covid-19 will be here to stay forever even with all kind of vaccines trying so hard to kill the virus as no vaccine produced could guaranteed 100% effective against covid-19.
A world top emerging manufacturer that can made more than 2 billion nett profit per quarter can be so easily mislead by main stream medias and writers that negate investors to support the excellence to such company to growth and excel is very sad situation in the history of our nation.If you cann't visualise and make judgement on your own it is too bad.
Breakingviews - Rubber-glove selloff gets out of hand ------------------------------------------------------ By Jennifer Hughes- Reuters . 16th December 2020
Rubber glove makers have rivalled Zoom Video Communications as a popular pandemic trade. A quadrupling in the shares of Malaysia’s Top Glove, the world’s largest producer, values it at $13 billion. Yet its shares have fallen one-.16th December 2020.third since its $19 billion October peak, leaving it trading at multiples far below even its pre-pandemic average. As investors rush to take profit on Covid-themed trades, they can leave value on the table.
Like Zoom, Top Glove peaked on Oct. 19 after Pfizer said it was close to filing for vaccine approval. Its cheap valuation suggests investors are treating the typically defensive sector like a cyclical one as vaccines arrive. But testing and inventory re-stocking will continue in the short-term and even beyond 2021, so it is plausible that industry growth will remain above its pre-2020 8% a year. Top Glove expects demand to rise 20% in its financial year to Aug. 31 and 25% the year after. A shift in countries’ use of protection could also lift demand. Before the pandemic China used fewer than 10 pairs of gloves per person a year, compared to over 100 in the United States, per Citigroup analysts.
Top Glove’s shares are trading at five times 2021 forecast earnings and a 2022 multiple of nine times – far below its 10-year average of 18 times. The company is working on a Hong Kong listing next year, which could raise more than $1 billion to fund expansion.
Investors may have moved on too soon.
And missed the opportunity to earn big bucks from this GEM.
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bos & kuli hari hari main saham kah?