But his steel stocks are dropping too. Lol. Whole Bursa is bleeding. Do you think people need steel when our economy is in dire straits? Construction players are not expecting any projects for awhile. Government do not have money. Even if glove supply increase, demand will be picking up with more emerging countries increasing their per capita consumption.
Hehehehehe....manyak cupat ini uncle copy paste to prepare this useful article la.....salute salute!!!!Sometimes I am just wondering how to make a cow to bow it’s head down unless they wanna drink water
All the big 4 gloves reported big profits and growth since June 2020 and yet the share price corrected since October 2020. That was freaking 7 months ago. How to explain that then?
This is exactly like face mask, oversupply is imminent. Selling price from RM100+ per box to now RM3. Expect average gloves price to dive below pre-covid price soon as market is flooded with the products.
if Mah Sing also jump into this glove sector, you can imagine how many ah kau ah beng will also join the fun, oversupply will happen. There is only so much of gloves can be used in a day, you can produce many gloves overnight but you cant construct a hospital or product a healthcare personal overnight.
nevermind the asp. the asp is adjusting lower but still high compare to pre covid. see the pat in billion rm is very attracting. in klse, less than 10 companies can achieve billion pat. glove companies still enjoying high asp for the next few quarters......uncle kyy, move in to get some glove share before the price higher....p/s: do not play margin anymore la.
6/5/2021 short selling trades current 10 days Total Net Short Position . Topglove 249,570,092 shares 3.05% Hartalega 50,292,243 shares 1.47% Supermax 47,268,758 shares 1.74% Kossan 30,785,337 shares 1.21%
Market is forward looking, towards 6 months or more from now. Market already expected the glove supply will increase n glove price will moderate and hence share price mostly adjusted. Therefor, if based on PASSED financial results, the PE now is damn low. But if based on future profit, share price already adjusted downwards. Whether adjusted enough, it's everybody's guess.
Waiting for right time to buy TopGlov. Quite unstable now as prices are low but no strong volume buying is seen. Maybe after MCO be better.
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Posted by Foker > 2021-05-06 11:16 | Report Abuse
Fool You Yin doesn't know what he is even talking about.