Harta Punya boss own 50%. Not easy to move the price. TG hv to reduce shares owns buy retailers from SBB. This way profits will dilute less from dividend. And reports investment profits.
Valuation is entirely up to your judgement. My call TopGlove TP rm10-11 based on 2021-2022 profit. Their order book is already secured till Q2/2022 why worry
I think the best valuation for glove counters is post Covid-19 and after 2024 where demand is expected normalise, though still much higher then pre-Covid-19. My take is pre-covid-19 , world demand is approximately 260 bil per annum in 2019 Post Covid-19, world demand should be somewhere between 350 bil to 370 bil per annum in 2024 onwards.
Supply side by 2024 from Top 5 largest and small players worldwide may come in between 110-130 bil per annum.
Based on this estimation, demand will almost offset the large incoming supply in 4 years time. Possible small oversupply of 20bil-25 bil per annum which may cause ASP to normalise toward USD35-USD45 level which is 50%-80% higher pre-covid 19 ASP.
Tim and Henry are fishermen. They found a treasure chest in the sea this year.
Tim decides to buy shares now.
Henry decides to save his windfall for the future.
Who is more prudent in money management? Can Tim and Henry find a treasure chest every year?
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Posted by RJ87 > 2020-12-18 00:23 | Report Abuse
The part sbb is correct...
Harta Punya boss own 50%. Not easy to move the price. TG hv to reduce shares owns buy retailers from SBB.
This way profits will dilute less from dividend. And reports investment profits.