joyvest ..cool your tits down .. bull run so hiong also need to take rest ma .. good show on next week .. try luck to collect more at good price this week ..
the number of share in the market is little for the operator to control. (500mil ?) whats more the share price is easy for them to play compared to Harta, Topglove, Kossan.
if logic exist - whole world is queuing and waiting for the glove they ordered. Glove factory production is on full shift; most is extra 15% more, while the demand is 30-50% more.
Share price is reflect of profit 6 mths down the road.
This round it come up from 2.00 with today as Friday, some more apparently some rotation play on other stocks. But next monday or Tuesday it will shoot up again as glove demand is tremendous from whole world
Guys, can you broaden your horizons? Stop with the how many green/yellow/red/rainbow zones have been cleared or increased in Malaysia. Come on! Look at how bad the world leaders are managing the crisis/ covid. Very good example would be the US and Brazil, they are rushing to reopen the economy and the active cases have not been slowing down at all since the very beginning. THERE IS a 2.5 MILLION of active cases WORLDWIDE and the US alone has already got 1M active cases.
I really don't know what other sectors are making better profit besides gloves and any other medical related companies during this crisis. Just don't focus on Malaysia, guys. Sometimes u can make money by just using your common sense.
I don't know how much COMFORT is worth but don't tell me it will go back and stay at rm1.7 (no doubt it will return back to <rm2 after covid is stabilised) after all the analysis reports have been released explaining how much orders is increased, how much profit is increased, how much raw material cost is reduced.
Besides, just don't bother about the news about vaccines have been developed. Just think, there will be vaccines, but now? next month? I don't think so and we are gonna live with the virus even when things are stable. Filter the noises around you and use your common sense more a little bit. You and I can't wait to celebrate once the vaccine is out but will it be anytime soon? No, and don't send those crap studies and reports influencing everybody. Those reports and studies are worth to read though, it gives you better picture of what are the scientist are doing. But progression on the vaccine study and development don't mean that this virus will be gone soon.
Anyways, my cost is super low and I don't intend to sell it below rm3. Of course there will be roller coaster along the journey but come on, this is stock market. what you expect? Pasar uncle aunty can also earn money by just having extra cash but zero knowledge in the stock market? Of course NOT. It involves your emotions, mentality whether you're strong enough to withstand all the noises around and whether your cash flow is strong enough to hold if there is a sudden washout?
Just take 5min to think, if u think this covid is not going to slow down in the near future, get a good entry price and hold, be it Comfort, Supermx, Topg or other glove counters (personally very reluctant to ride on ruberex, no offence). Buy and hold and come back another month. You will sleep well in the meantime, you don't have to look at KLCI index at day and DJI at night worrying what Trump is going to say.
By the way, seriously, how many cases are increased in Malaysia daily or whether MCO/CMCO will be extended will not affect the big picture at all.
Eh guys last time ah, when Koon sold off his holding like dayang jaks hengyuan xinquan liihen ijm all got announce to retailers to run FIRSt??!!!!!!!!!!!!!??????
Glove Bull run just started in March 2020, based on PE of top glove 68.65 and harta 75.77, comfort is valued RM3. 9 to RM4. 31. Covid 19 is increasing at alarming rate every day. There is no cure or vaccine for covid 19 except prevention by using Glove and sales order from customers already done at full capacity up to April 2021. Great great great demand for at least 1 to 1.5 years at low crude oil production cost and sell at USD4. 35 for good profit margin.
1. There is still no cure/vaccine available. Will take years for it to be approved and ready for mass production 2. There are many people out there with COVID-19 without symptom 3. The number of cases reported in Malaysia (and around the world) is just based on the people that have been tested. More than 90% of the world population yet to be tested.
The battle with COVID-19 is far from over. What we have merely achieved is flattening the curve. We have NOT come any where close to kill the virus yet.
So until a vaccine is found (which will take years) what we have been doing the last 2 months will be the norm.
If you start to think along that line, then you will know which company will do well and which will die
@Plastic789, if you buy stock without doing your own analysis then you are just gambling. Don't blame other people if you lose money.
No one force you to buy
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Posted by investopology > 2020-05-15 11:00 | Report Abuse
many seller today. should be friday + contra kaki all chase in yesterday after uncle koon article.