PART 2 : GLOVES SECTOR - THIS IS MY REAL PLAN ON PHASE II FY20 - FY21
So today as we all know and expected Top Glove Bhd released its excellent and superb quaterly financial result. With strong worldwide demand for rubber gloves amid the COVID-19 pandemic, it is unsurprising that Top Glove Corp Bhd has recorded its best-ever quarterly net profit in the third quarter ended May 31, 2020 (3QFY20)
Top Glove executive director Lim Cheong Guan said strong orders and demand are expected to continue for the next one to two years. In 3QFY20, sales of nitrile gloves jumped 47% year-on-year (y-o-y), natural rubber gloves sales leaped 8%, and surgical gloves sales rose 21%.
From here perspective, we already know how good their business is. So as I told many times Gloves Sector already applied in "Defending Stocks Territory". Also I am agreed some analysts said Top Glove have projected a net profit of as high as RM3 billion for FY21 So if they really can archieved that of course and definitely my last target RM35 surely hit FY21.
1. "BUY IN JUNE HISTORY WILL REPEAT PREVIOUS APRIL"
- Today we had received very clear signal. We can buyback / Addmore cheap gloves. Follow the waves you will be safe in the ocean.
- Today also I saw many new retailers those bought high cutloss because not have holding power.
- Gloves, for sure now you cant do daytrade. It not easier like before or previous 6 months.
- Tomorrow I am expect Gloves stock only good performance and will lead the market movement.
- After 6 month gloves performing, now another 6 months to go. As I am expecting Gloves will play role till March 2021. So I am not worried holding as investement till next year.
- My planned as follows : 1 month (Buy) next 5 month (Sell) - January - June FY20 1 month (Buy) next 5 month (Sell) - June - Dec FY20 1 month (Buy) next 3 month (Sell) - Jan - Apr FY21
- I am expecting the profits of quaterly and yearly results. Not base on when this Covid-19 will be end and vaccine will be found. So Big-4 gloves profits already calculating on paper profits FY21.
- I am predicting Dow Jones will slump and break down badly again amid Phase II Covid-19 hit badly America Latin. Second wave fears spark global share sell-off. Index will be around 20,000 - 22,000 from current now stand at 25,700
- More manipulation / speech from Mr. T will make their more worst because to satisfy their-self agenda.
- Incidence of violence and inhumanity against blacks in their country already facing very big issue.
- The number of U.S. coronavirus infections passed the two million mark and over 112,000 Americans have died.
Just need to be patient lah ! Glove counters have been running too drastically for the past 2 months, time to take a rest ! June - July will be correction time for those super-runners ! Just switch off your trading screen and come back in 2 months time !!
Do not let your emotions drive your investing To avoid the downside in investing, investors must stop dwelling on the daily fluctuations of their stocks. Stocks will rise and fall daily and hourly, but in the long term, they have always risen in value.
Fear is the enemy of investing because it makes you dump your stocks meant for long-term investment when the market is down. It also keeps you from taking advantage of rare “fire sale” opportunities. The best time to invest in stocks is when the herd panics and prices plummet.
On the other hand, some investors sit on the side-lines in the early stages of market upturns out of fear then start to feel the fear of missing out when the market shoots up and they jump in when the stock price has risen a lot. Greed then comes in. By then, much of the bull market may have passed entirely, and they have bought the stocks at high price, ready to be corrected in price.
Anger and frustration can make you dump fundamentally sound investments just because you get tired of waiting for them to show progress in stock price. Yet overreacting in frustration and impatience often robs you of your best investments and ideas.
Some investors are emotionally attached to specific stocks and fall in love with them, ignoring their changing fundamentals. They remain often biased on their investing decision and are reluctant to sell when fundamentals clearly deteriorate, and as a result, lost big in their investment.
Conclusions
Most people think about how to make big money in the stock market, ignoring risks and the probability of losing big in the stock market. They tend to follow stock tips and rumours and the herd mentality, and highly affected by emotions in investing. As a result, most of them lost money, many of them lost a lot of money.
Recognising the above short coming, and acquiring some investment knowledge and experience, and do some homework themselves will help to mitigate the problems and improve the outcome of the long-term return of their stock investment.
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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....
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