Depends on what kind of players you are lah ! No right or wrong If you are day traders, you just jump in and up , in and up every second, minute .... If you are medium or long term investors, just ignore the noices and HOLD to ride the impending uptreand !
Look at bigger picture in glove industry, few analysts just raised the TP for Topglove to 20.00, topglove is trading at 14-15 + at the moment , still 30% more to go ! Remember this, if the Big Tai Koh moves, every small and baby brothers will move together for SURE ! For investors, ask yourself this question :- is covid-19 going to cure tomorrow ? next month ? end of year ? Yes, as long as the pandemic is still out there, this theme play won't subdue any moment !
correction is very normal in sharemarket, that will be more correction along the way, see whether you can take the heat ! LOL
Holding into ice cream with good track record of profit and strong BS, you need not worry comparing to holding to other huge-loss-making companies ! Who knows, even after all the glove companies' run end, hand former can be the next BIG thing to show surprising good result to make most public to PANIC BUY at the end !!
to be fair calvin called esceram around 36-40sen, if you follow and till now still don't take profits at 56-73sen, don't blame calvin. rule of thumb in share trading, trade at own risk!
If you think like a businessman, you notice that Ice cream is actually the supplier of hand formers to glove makers in Malaysia & Thailand. Their business expose almost fully to glove makers ! So the more production and the more expansion by all the existing glove makers in Malaysia & Thailand or even the more new glove players' entry into this industry locally, the more the demand for their products !!
Even all glove makers fight until some lose money and close shop eventually, it doesn't matter to them at all , because they compete against other hand formers , not glove makers !! Mushrooming of glove makers and production outputs will benefit them ! There is not much competition amongst hand formers in Malaysia at the moment, only 2 in terms of size as big as ice cream.
I foresee they are going to have a strong profit records for the next 2-3 years , at least ! (referring to their best years during 2015-2017) They are just at the beginning of their business's uptrend cycle due to glove industry's super boom time. This time the demand is very likely higher than their previous peak years !!
a month ago, i heard some people said this was a speculative counter but ok for fast in fast out. i entered at 0.460 but got stuck. yesterday it suddenly gained momentum and i exited at 0.620.
all so quiet already? Fundamental wise with expected EPS 4.0, PE 30 and P/B 4, the value should be in the range of RM1.04 - RM1.20. Give it a 20% discount, that would be in the range of 0.83 - 0.96.
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jakeT
115 posts
Posted by jakeT > 2020-06-02 10:45 | Report Abuse
all these punters and panic retailers, pls stop trading and go back to work