Yesterday , FF ; Local Fund BOUGHT IN , Retailer Sold... Monday Should be Continue Up. Unless retail BOUGHT IN ON Friday, & profit taken might be Happen on Monday...
Covid19 worldwide is rising unabated...IMHO vaccine a long way to come & uncertain efficacy. Virus/microorganism shows capability to mutate.. in the mean time PPE & gloves are the first line of defence... there will be new norms in the long term & years to come. glove will help to save the world population... follow SOP & government guidance.. Disclaimer: not buy or sell call
Btw have you guys noticed how this forum is less active than before in August? That’s a good sign that no more weak holders in gloves and the rest are the true investors. Been holding gloves since April
TP before announcement should be around Rm4.00 per share based on conservative figure of 11 cents eps for 4 qrts multiply pe of 35 Disclaimer. not buy or sell call
It seems that the second wave of covid19 is happening now in Europe and cases are increasing globally.
How on earth glove producers not making money? Demand will exceed supply and ASP will keep on rising due to shortage of supply . QR report will be explosive due to the good profit margin,
How could the share price not up? Next week will be critical and should see a trend reversal to bullish mode
There will be 1 day with Limit Up next week if not the Following week assuming QR out soon with PAT > 50 Mio..If this case RM 4 is achievable this week..
Rumours saying the following QR will be 30M, with additional production lines on Q4 2020 and ASP increasing to its peak before Q1 2021, carepls can safely reach RM8 by Nov.
qr>30m for sure. maybe 35-50. hopefully they get solid revenue results as the additional profit from last QR is selling assets to Ansell. Anyway best of luck.second liners rubberex, comfort and careplus will reach previous highs if all things are in line or maybe more
Next QR i think around rm40mil PAT at least, double than previous quarter (after minus once off gain).FY 2020 will be around rm130Mil PAT. With PE 30, target price is rm7.20
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....
Morpheus61
2,144 posts
Posted by Morpheus61 > 2020-10-03 08:17 | Report Abuse
Hey mf, Dow Jones feeds you ? So concerned when none of these shares are listed in the United States