kyy want start to buy gloves stock anytime soon... that is y he talk bad gloves same as he talk bad on steel, later on he sapu steel eg hiaptek, then praise skyhigh steel... day day promote steel... but too bad, karma hit him hard, steel not move as per his desired planned.
Decades ago when latex glove industry was in style, 100s of manufacturing licenses were issued by MIDA. The bandwagon started. Most who went in closed shop thru attrition. Only a handful remained, got very big and resilient. So the big four have seen it all, they have automated, improved on technology and grown phenomenally. They have gone thru many cycles unscathed while so many perished. To categorically shoot them down, and discourage people from buying when the prices are rock bottom reeks of ulterior motives.
KYY, people losing money partly because too trust about you. Although they have to be responsible to their investment but you are the idol, you need to responsible partly because of keep promoting supermx, topglov, ruberex, careplus, comfort among them from time to time. @KYY, tell us you don't have intention to get everyone to push up for you! Your originate was good intention, tell us.
MONEY is not earned in such manner, KYY. I respect what you did in charity but not the other hand in stock to other retailers. I really suggest you keep quiet after buying any stock, really quietly and don't go through Ooi TB to share also. Then if the stock really up, then only I say you brilliant and smart. Don't use TYY also, silent by yourself to invest. Don't trap newbies and retailers. Please act like cold eye, quietly invest. Invest, u know? Then you gain many respects.
I think KYY is is a good contrarian indicator. Which means it's probably good to use his statements to find extremes in market sentiment. I still remember how he promoted Heng Yuan last time and that's probably around the time when Heng Yuan reached the peak.
Now he is asking everyone NOT to buy to Glove company, which means it's probably near the bottom.
KYY is old school. It has been a few years since retail investors here in Malaysia embraces TA+FA tactics. His old keyboard/newspapers (bullish/bearish controlling) tactic doesn't work anymore.
In 2020, newbies adopt rocket tactic by Elon Musk. I also find it hard to keep up with the new trend.
Company with good fundamental are still good investment. Some of the glove companies have solid fundamental. Past 18 months of covid are windfall time .. hence, reduce revenue is compared to this "windfall" time frame. Currently, have to look at the company fundamental and value the stock accordingly. I also think near the bottom already.
Investment house looks at the potential earnings for years to come maybe 3 years ahead. Gloves stocks were benefited when the pandemic is severe and there is not much competition. PE, revenue and ROE are just a small part of FA.
Things are different today. Pandemic is getting less severe with less unknown factors and gloves are facing too much competitions.
Funds don't really care about what you earn today unless you give very good dividend every quarter.
Old school is one thing, being deceptive is another. I don't like to talk bad about other people, but based on his behaviour/advices in the past, he has definitely earned a reputation here.
To me at current prices glove counters have solid fundamentals, probably most solid compare to other industries. Yes profit is declining and expect to decline for say another year, but this concern is already priced in, which makes gloves cheap compare to its fair value. Can buy and keep in freezer, earn good dividend, wait for ASP to stabilised, and reaped profit when poor sentiment is over.
When is at high when KYY was aggressively promoting, it is a value trap. But now when they are back to their pre-Covid level, it could be a value buy. This is how investing works
Careplus up 23 percent.Hiaptek still fast asleep despite aggressive promotion by uncle con.
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Posted by qqq3333 > 2021-10-27 15:32 | Report Abuse
never is just wrong timing.