Free vaccine means nobody wants to buy their vaccines from China and Taiwan unless this companies give it free to Malaysian too as their social responsibility...lol
Secondly, the dollar is on a dive. It is nearing a seven-year low against the ringgit, which does not bode well for the profitability of the glove companies. The US is going to print more money to reflate the economy, pointing to weaker dollar ahead.
Thirdly, Bursa Malaysia has allowed for regulated short selling (RSS) from January, which is just two weeks away. All major glove players are under the RSS list, which means that it can be shorted if sentiments are not in their favour.
The sector attracted institutional funds in May and June this year when it became evident that glove makers were going to report healthy earnings. Not investing in these stocks would have resulted in the funds under-performing the market.
But now the funds are leaving the sector as indicated in several research reports. Glove producers are professing that the game is not over yet but the smart money thinks the fairy tale run has come to an end.
M Shanmugam is a former specialist editor of The Star. Views expressed here are his own.
THATS WHY RAIDER SAYS AFTER 2021 GLOVES COMPANIES VALUATION WILL BE DEAD DUCK MAH....!!
Posted by ToneeFa > Dec 20, 2020 6:02 PM | Report Abuse
@stockraider It will take some time to inoculate the entire global population of 7.5 billion people. But the vaccination will help stem the spread of the virus. The optimists are looking at middle of next year when the Covid-19 will be a thing of the past. 20/12/2020 5:51 PM
You will be surprised that by middle of 2021, Covid19 may be rearing its ugliest head.
But the fact is, it has been falling almost everyday mah...!!
I already told u that Spanish Flu over within 3 years due to herd immunity, U read back history mah...!!
Now our medical science is already 100 years ahead we have good drugs, immunology health products, many many vaccine and beside herd immunity and it is already 1 year...likely Covid 19 will be over soon loh...!!
Not only that there will be definitely excess supplies of Gloves coming due capacity expansion & over production mah...!!
But production volume & capacity grew even much faster mah!!
That means ASP going to fall loh...!!
With many different covid19 vaccine coming lagi worse loh...!!
I already told u that Spanish Flu over within 3 years due to herd immunity, U read back history mah...!!
Now our medical science is already 100 years ahead we have good drugs, immunology health products, many many vaccine and beside herd immunity and it is already 1 year...likely Covid 19 will be over soon loh...!!
Not only that there will be definitely excess supplies of Gloves coming due capacity expansion & over production mah...!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
greedy44444
2,497 posts
Posted by greedy44444 > 2020-12-20 00:16 | Report Abuse
Don't forget HWGB and Mtronic too