Mikecyc accordingly to TG Tan Sri interview, gloves is a very challenging and competitive global market game. During Peak Msia over 250 gloves factory now left 50 over, he said manage to survive are the Elite. Careplus still a very young company and during the last 10 year they rapidly expanding. For the first 10yrs listed most gloves company are not making money some even lose.
I am checking back their corporate video, they will establish and some are automation.
My humble opinion they now mature and in the peak and ready when the global demand arrived. (future supermx, kossan, harta)
This mickey clown......I think yesterday I already share here why Careplus was lost making in previous years and they did not spend a single cent to buy back careglove......now keeps repeating his post to confuse everyone here. Get a life please!
Tradeview Commentaries 14th Sept 2020 - Congrats all on the strong rebound of the Glove sector. For those who held through the selloff last week, you deserve the pat on the back.
This week is a very important week for the Glove sector. Whatever the outcome, I think it’s important to know everything in life there is always going to be different voices & opinions. We cannot expect everyone to think like us and that’s why humans are all unique and different.
I think how the investment community views the Glove sector is diverse. But for the stock to go up and share price to rally, the majority must believe in it for the buying momentum to outweigh the selling momentum.
I do not know what will happen in future but my view is strongly in favour of gloves for many reasons including but not limited to :
1. Strong earnings visibility for the next 12 months (min) with / without vaccine
2. Shortage is acute especially for nitrile Gloves
3. ASP price increased has been and will remain elevated for some time
4. Structural change in demand and hygiene habits
5. Monopolistic position of Malaysia supply to the Global markets
6. Valuation is still lagging actual earnings growth and it will be reflected in coming quarters
7. Huge cash inflow for Glove players. Cash is king especially during weak economic environment.
8. No other better sector / industry / stocks for alternative investment opportunities in the near term.
9. Some local funds / local investors may not believe in the Glove sector. But I believe in it strongly. My belief is objective based on data, facts and numbers. Not emotions. There is deep value in Glove sector especially those with strong quality management like Hartalega, Riverstone, Kossan, Top Glove.
10. Lastly, the Glove sector is very relatable to retail investors who can touch, feel or understand the nature of the business due to usage in daily life.
I remembered in 2008, during the Global Financial Crisis, before Lehman Brothers collapsed, they went to Warren Buffet for help to save them from bankruptcy. Warren Buffet didn’t save Lehman Brothers after assessing their books which contained too many toxic assets. But he did go in big to others like Bank of America, Citigroup, Goldman Sachs etc. He advocated “Buy America”. He believe in US’s resiliency and ability for the US financial markets to remain world leader despite the mess they caused.
I am going by the same playbook. I advocate “Buy Malaysia”. The Glove sector is one of the few things as a Malaysian we should be proud of. I believe this sector has shown its ability to defy adversity, rise against odds to become a global leader. This is one of the few sectors that Malaysia will remain a global leader post Covid-19 and for many years to come.
For those who are reading this, just ignore Mikecyc. Everything he say is irrelevant and he has been doing this for weeks. Nothing he say or so-called-predicted came true. The need to OVER-do something always stem from a place of fear, fear that others will thrive. So let's soldier on!
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....
Mikecyc
45,136 posts
Posted by Mikecyc > 2020-09-15 06:19 |
Post removed.Why?