Panic selling because everyone saw the decline of -139% QoQ. We have to acknowledge that this is not somewhat a brilliant Q result but In reality, this Q result is reflecting the true scenario during the MCO period (Close down and shorter operation hours), which in my opinion is not a very bad result.
Increase in total asset, cashflow is good, pandemic/glove related counter. It is still good to hold on at this point of time. But you are entitled to sell off too, let the share price consolidate and take its own course.
We should congratulate the CEO and team for being honest as MCO affected everybody as production could not run full. The full year ending 31st May was better than previous year even with MCO. The full impact of the increased earnings will start in the new financial year. Fundamentals still intact and a safe counter for serious investors. Plenty of upsides still.
Luckily collected yesterday before clsosing after I got a call from a friend who told me many things about this counter and it's recent earning report.
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catalan
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Posted by catalan > 2020-07-28 12:11 | Report Abuse
Panic selling because everyone saw the decline of -139% QoQ. We have to acknowledge that this is not somewhat a brilliant Q result but In reality, this Q result is reflecting the true scenario during the MCO period (Close down and shorter operation hours), which in my opinion is not a very bad result.
Increase in total asset, cashflow is good, pandemic/glove related counter. It is still good to hold on at this point of time. But you are entitled to sell off too, let the share price consolidate and take its own course.