THIS IS A VERY GOOD OPPORTUNITY FOR U TO SELL YOUR GLOVES & SWITCH TO INSAS BEFORE TOO LATE LOH....!!
Posted by stockraider > Dec 16, 2020 10:54 AM | Report Abuse X
SHARP ADVANCEMENT IN INSAS SHARE PRICE COMING LOH...!!
Raider says let be practical mah...!!
If OCBC mark to market losses at SGD 8.42 as at 30-9-2020, now as at 16 December 2020 SGD 10.19, there will be a big write back of a few million back to the profit coming 31-12 2020 mah...!!
In other words Raider see a potential write back of more than rm 30m in the 2nd qtr 31-12-2020, that will basically improve the investment division profit mah...!!
This together with sengenic disposal, Insas will report more than Rm 70 million profit in December qtr loh....!!
Very sharep improvement in insas share price coming loh...!!
Sslee The investment holding & trading segment suffered a pre-tax loss of RM49.2 million due to unrealised mark to market losses of financial assets at fair value through profit or loss and derivative financial instruments (FY 2019: pre-tax profit of RM1.5 million)
Singapore OCBC price: 28/6/2019 Sing dollar 11.40 30/6/2020: Sing dollar 9.00 30/9/2020: Sing dollar 8.42 Now Sing dollar 10+. On 31/12/2020 with window dressing most likely will be close to 11.
THIS IS AN EARLY INDICATION OF FUTURE IN ESCAPEABLE BAD TIME IS COMING FOR GLOVES LOH....!!
JP Morgan analysts believed that “the extraordinary phase of the industry cycle is over” and that the glove manufacturers’ increase in production capacity, which will reach nearly 90% in the next three to five years, will be reflected in the hiccups
– Of course, the increase in production capacity in the world is a fact and we are working on it ourselves. However, it is difficult to say when falling demand will overlap with growing supply. It is estimated that this will happen in mid-2022. However, we believe that we will be immune to this as we will mainly be making specialty gloves that are subject to slightly different rules. We will of course be able to produce mainstream gloves if it pays off – says Wiesław Żyznowski.
Uncle, if you believe so much in Smax potential, this selldown is a great opportunity for you to load up more, the trade of year for you, can relax next year . Please buy some more, huat ahhhh.....
Supermax won’t be the same post covid era. ASP may normalised, but I can guarantee it won’t go back to pre-covid era, share price won’t go back to pre-covid era neither.
By then they would’ve accumulated enough cash earnings to:
1.) diversify into other healthcare businesses. 2.) further expand their plants and equipments both locally and in UK. 3.) automate their glove manufacturing to compensate normalisation of ASP. 4.) earned the reputation to transform the now new customers into regular customers (new recurring earnings). 5.) higher dividend to distribute to shareholders. 6.) massive structural shift in the demand and usage of gloves post covid. 7.) Covid will be around for a long time despite the rollout of vaccines.
The great sifu KYY.Please I agree the chart must have upward or hooking up then buy especially weekly chart.Daily usually will impact less but weekly impact the most.Stoch RSI weekly hooking up 2 consecutive weeks look safe(5-10 trading days) after major down trend or medium.Experience will taught one self.
Talking rubbish , first said put ALL his money to buy and shock to see it plunged 80 sen on Monday. Follow by if it will go up next few days then he WILL buy aggressively ??? If he already put ALL his money in Supermax , how he is going to buy aggressively again unless borrow from bank . He will only buy IF Supermax go up for few days , that mean above rm8 !!!!!! This more look like ask you guys to buys once above 8 so he can take sell !!!!!!!!!!!
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Posted by calvintaneng > 2020-12-16 09:51 | Report Abuse
Kossan now the best
Rank like this
Kossan
Supermax
Topglove
Harta