Nothing to worry about investment to Esceram. It just have very small number of unit shares. (205,000,000 unit). In this healthcare & rubber bull run. Remember last few years all chicken company bull run...company like Farmbes, Lay Hong etc very simple to fly higher than big company.
Among health care company, compare to same profit annually by average & market capital : HLT (Profit 5.5 mil, market capital 161 mil), LKL (profit 4.79 mil, market capital 117.92 mil), Careplus (profit 6 mil, market capital 228.mil) We can see Esceram (profit RM 4 mil...with only just market capital 72.96 mil)
SO EARLY IN THE BULL RUN... THOSE WHO ARE HOLDING, ARE THE LUCKY ONES... THOSE WHO GET PANIC AND SOLD EARLIER, ARE THE LOOSERS.... VACCINE WILL TAKE TIME,, NOW THEY ARE TRYING FOR TREATMENT USING THE MALARIA MEDICATION... THAT IS TREATMENT FOR THOSE ALREADY ON THE BEDS... TRY TO UNDERSTAND THE DIFFERANCES BETWEEN TREATMENT AND VACCINE... VACCINE WILL TAKE TIME... NOW THE WORLD ATTENTION IS ON TREATMENT CAUSE MANY ARE ON BEDS ALREADY.
Hope the big selling down could subside by next Mon-Tue which is T+3 for force selling. Should be very safe entry at level 32-33c and wait for next launch.
Thursday large volume sell down was unexpected, and the seller queue indicates large sellers still awaiting to clear their holding, that shows many are lack of confidence on this stock. Hope 32-33c would act as strong support for it.
With comfort rubberex supermax all move up 10c -19c each last Thursday, who would expect Esceram to face such a sell down. Might not be a too promising sign or at least it really need to clear those big contra numbers who bought in early this week expecting an excellent QR
anyone like to looking glove stock ? there is one company at seremban ug healtcare(41a) listed in sgx,it went up not so much yet can beconsider,just 24.5cts(sg dollar).
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Posted by jjohnchew > 2020-05-01 23:28 |
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