The only glove formers / moulds company in KLCI. New comers like AT, Mahsing, Fintec, Inix n others wil most likely getting glove formers / moulds from ES
Like LKL, Esceram faithfully follows the movements of glove counters. Once the prices of glove counters move up, Esceram will also move up. But with vaccine news everyday, and bad news of Covid-19 infection of workers in glove factories, glove counters have all taken a big battering. Just hope investors start pushing the price of Topglove up again.
Interesting thing coming. If you notice carefully, people is starting to blow esceram over telegram and facebook. Usually, this is the starting point, since it is cold. Then keep raising until all the retailer come in.....That's time, set your own tp...
Tradeview Commentaries 7th December 2020 - Risk On For Financial Markets?
Record high for Dow, SP500 and Nasdaq last Friday was a huge boost in confidence for participants of the financial markets. The global stock market participants are clearly risk on, with bullish mode and relying on a abundant of reasons to justify the rally.
1. Liquidity due monetary policies of central banks around the world 2. Vaccine optimism and potential economic reopening 2021 3. A hopeful new Biden era ushering multilateralism and ending of trade wars 4. Weakening USD and rebounding of commodities market 5. Inflow of funds into emerging markets
Cumulatively, all these are strong reasons for a bull market. Locally, even KLCI Bursa closed at 1622 today with 16 billion in volume and 7.2 billion in value, erasing losses for the year to close above January 2020 levels. All naysayers which said if Trump is gone, stock market and economy will collapse are now proven wrong. The big question remains is whether the rally is sustainable? There ought to be some correction, no?
Whether I or you agree with the stock market rally or not, our view doesn’t really matter anymore. The stock market and the larger economy is clearly at a disconnect. This is the effect of releasing large amount of liquidity into the economy. Although our government coffers are limited, our country monetary policies consist of loan moratorium, SOCSO, and EPF 1 & 2 early withdrawal. This is akin to bringing forward future earnings / income to the present. Raising debt ceiling and borrowing more to spend now to spur the economy is what's being done by most governments. This has structurally change the stock market direction. It can be seen from the banning of short selling, extension, holding back on force selling, the stock market is being prop up by agencies.
The worst in terms of the stock market is definitely behind us. Nothing can be worst than "March Plunge 2020" when Covid-19, oil crash and government change happen all at once. The strategy forward, should simply be to have 30% of cash on hand at all times (in case of any untowards incidents like Election), buy into fundamentally sound stocks with minimal debts or net cash and not to get ahead of ourselves or too gung ho on recovery stocks especially loss making stocks. Sell into strength for stocks that hit TP or exceed Fair Value. I will maintain this strategy going into 2021. A gentle reminder to be careful of loss making companies especially penny stocks that are making announcements on deals / vaccine related plays etc without basis.
As for the Glove stocks, it will remain a solid feature in my portfolio. I believe unequivocally it will rebound and the current levels are close to the bottom. There are no better value stocks in the market currently in terms of earnings, yield, balance sheet and outlook. Those who thinks otherwise, is making a mistake ignoring fundamentals.
Any price below 0.50 is a good investment price. My group will buy more tomorrow as we believe in good fundamental company such as ES. For those yet to invest, now is the best opportunity. Vaccine play is near to ending.
ES is the only listed company producing n supplying glove formers / moulds to glove manufacturers including Supermax, Topglove n others. Even the recent one AT is buying glove formers from ES. The more new glove players, the better for ES. We wil see another good QR results to be out in this month
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 474 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12461 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
lalazai9
1,000 posts
Posted by lalazai9 > 2020-12-03 09:20 | Report Abuse
https://www.klsescreener.com/v2/news/view/761265/focus-shifts-to-recovery-stocks-analysts-mixed-on-glove-counters