Glove industry We believe the market is waiting for topglov's results, and the stock price is at side-lines moving. And this is to make retail investors "boring", and making the retailer investors to leave.
Market expected that topglov to achieve 1B, but why the stock price is not raising. In fact, there are still many investors who do not believe it and adopt a wait-and-see attitude.
There is no rule in the world that the stock price must continue going up. And there is also no rule that the stock price must go up immediately for good results, sometimes it will be earlier and sometimes it will be delayed, and there is no accurate time point. The stock is not a machine, but there are fluctuations, emotions, skills, news, suspicion, and many things in it.
Patience is the best strategy, the more you move, the less money you will make.
We have no plans to leave for the time being, waiting for topglov's results, and we expect it will be better than 1.2B. It is not the right time yet, thus please be patient. And at the same time, we will collect more information on vaccine stocks, and vaccine recovery stocks. The time is not up yet, so be patient.
Topglov's 1.2 bils score is already an exceptionally good result. It is expected to be maintained in the next few quarters. It is fair value that the stock price range between 12-14. We will not know when it is going up. But forward PE at 20, it will be range between 13-15, and the conservative stock price is range at between 12-14.
Supermx is expected to have profit of 800 mils in the November result, about eps 0.30. The stock price is at 9.10 with only forward pe of 9. If the forward pe is calculated as 15, the stock price range between 14-16 is reasonable.
The main point is vaccines are still not available. Now the WHO announces that the market must be panic. But when vaccines appear, the demand for gloves will not drop immediately. At the beginning of a new lifestyle, many industries around the world have demand for gloves, such as catering, barber shops, beauty, aviation, etc. This is the world’s Demand, not one or two countries. We are still have confidence in the glove industry.
Like most of us here who bought at higher price, we know the stock wont go up any soon. What we pray for is let it drop lower, so we could spend less money to buy more shares to average down our entry price and increase our shares. Once the northern hemisphere enters autumn and winter, thats the time all gloves announce their quarter 3 profits, gloves stock will shoot up like mad again, than we can earm more with our lowered new entry price. Correct?
The only kink is got many people listen to many sifu such as kyy, otb, paktua etc etc. Which set a very low cut win price... Probably they until 3.1 or 3.2 already cut win /cut loss
Hehehe if careplus can replicate almost the same figures like comfort for next 2 quarters, the target price for careplus with PE 30 is rm6.70 with FY 2020 PAT of rm120mil
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....
paktua73
18,215 posts
Posted by paktua73 > 2020-09-07 16:36 | Report Abuse
yeehaaa..
let back above 3.10 today..
on friday back 3.25..
tut tut
red paktua come green paktua run