I'm out, my advice to you guys please release "some" position, but I release all. I find that it's over value. I check comfort production capacity with someone work there, capacity full since end last year. So I don't expect revenue will go far from RM130Mil, perhaps the selling price is up recently for 10%, but still the profit may have some 10% increase from last quarter.
2nd reason is Koon Koon counter, up fast down also fast. Jaks Dayang PCCS all is an example, some people will think I'm jealous of share price up but why, I sell it all at RM1.65 today. Plus no point I want to collect this counter at this price, my first entry was 65sen.
This only message I want to share, or else you may contact their IR to ask for the production capacity.
Low material cost, higher US$ plus added productions lines in Feb will see bottom line boosted. Plus near term plan to increase capacity on the newly acquired land. But with due respects, dispose and buy more is very individual
US New England states (9) r forming a consortium to buy PPE from producers ard d world. This is 1 of d many demans from Covid & post Covid, If u want to quit, but pse do not patronise others.If ur brain capacity is limited,pse keep to urself. Dont be a sour grape & ungrateful.V dont solicit for ur ill advice!
US hospitals r keeping min 90 days stock for all PPEs. Means 3 mths..& surely will book orders for next 6 mths. Who is there to stop d orders? Break ur thinking barrier & get out of d cave mentality!
Joyvest...u tot u keep shouting sell sell sell overvalue overvalue, all along u gave me impression u were not keen on this stick or not even touching it.
But a while ago u just said u are all out just now! That made me wonder....what is what. U shout overvalued first in the past few days and only just now u sold all? Or the other way round....interesting...anyway i m happy that u made a handosme gain. Happy trading. Cheers
@joyvest hv been shouting weeks la not few days, and making a fool of himself, luckily tis i3 is anonymous, imagine u hv a face to go with that shouting? can join ahmad maslan hall of fame liao..
@joyvest, correct, even a broken clock can tell time accurately, 2x a day.. anywy, we r all here to help one another make money. So feel free to share and entertain us..
Rubberex is different from comfort . Just bcos of the untimely pp by the management that has caused the price to fall and secondly of the high pe as well which has limited impact . Many have shifted to comfort now as in terms of gloves production and sales ,no comparison
The untimely pp by the management of rubberex has inadvertently causes the price to drop that affects temporary panic selling by some short term investors . It will resume back to normal and buy with this type of opportunities , so why hesitate by chance .
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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....
calvintaneng
56,233 posts
Posted by calvintaneng > 2020-05-05 23:07 | Report Abuse
Overbought?
GLOVE BULL RUN TIME NOW
COMFORT WILL SHOOT PAST RM2.00!!!