Posted by gemfinder > 2021-01-25 23:12 | Report Abuse

History wil repeat. Selling never ends

Posted by tallman > 2021-01-26 04:35 | Report Abuse

Gemfinder must be from IB and shorting a lot of tickets

Posted by Pgraduate123 > 2021-01-26 09:14 | Report Abuse

Gemfinder... History repeats itself. Glove Mania 2.0 Feb 2021.... Buying never ends.

Posted by paperplane > 2021-01-26 12:20 | Report Abuse

it means sell on news from price mvoement today. wakaka

Posted by Goldberg > 2021-01-26 14:52 | Report Abuse

GLOVES DEMAND SET TO SURGE FURTHER FOR A FEW YEARS

This time around it is not the same as the previous round. Hartalega and other glove stocks has gone through massive selling on the news of vaccine rollout and its efficacy of reducing the spread of COVID cases. This has caused funds to create a selling pressure on glove stocks for a good period of time resulting in glove stocks being deeply undervalued.

What we have seen so far is far from what was expected as COVID cases are still on the rise worldwide and countries are going back into lockdown despite the vaccine innoculation.

And from the QR prospects, we can see the gloves demand are still high

THE OVERALL PROJECTED GROWTH IN DEMAND IS EXPECTED TO OUTSTRIP SUPPLY FOR THE NEXT FEW YEARS

Posted by PunTatBerSiul > 2021-01-26 17:01 | Report Abuse

It means nothing.

Lottery prize money never last long!

Posted by Bgt 9963 > 2021-01-26 17:03 | Report Abuse

Buy and hold...!

Posted by i3gambler > 2021-01-26 20:59 | Report Abuse

I think all the 4 glove kings are overpriced. Take HARTA for example, market cap per annual production is around RM1.00 per piece of glove produced. Recently KLK said they are venturing into medical glove (currently produce non-medical gloves). By investing 200 million, they can produce 4.5 billion PCs annually, meaning RM0.05 per piece of glove produced. RM1.00 compare to RM0.05, that is 20 times difference. We may say HARTA is better in term of efficiency and profit margin, but a 20 times difference is too much. Some more KLK has rubber estate, and its mother BKAWAN now already acquired CCM, and have all the chemicals for glove manufacturing.