Although I suggested how short term investors can make some money, you must remember long term serious investors can make more money. Last night Mr Ooi Teik Bee sent out his weekly recommendation with a target price is Rm 5.56
Thank you Probability for the info. We are more certain that profits will jump a lot, not only costs, but ASP, and shortage of gloves in the international market.
probability IMPORTANT INFORMATION: ......................
Nitrile Gloves - raw material is 'Acrylonitrile-Butadiene Rubber'
The below article shows the price had decline 17% compared to mid of last year.
It dropped minimum another 10% just from Feb 2020 to March 2020! Infact it dropped from 16.000 RMB/ton to 12,800 RMB/ton. Huge plunge!
This means, even Without raising price of Gloves, Nitrile gloves manufacturer margins would expand by 10% from qtr ending Mar 20 results currently.
Analysis Points: Today (On March 31) domestic nitrile rubber transaction was light, and the mainstream average price was 14200 RMB/ton. According to SunSirs, the domestic nitrile rubber market prices fell. Langhua nitrile N41, 3305, 3308 mainstream prices were at 11,900 RMB/ton, 12,800 RMB/ton, and 12,900 RMB/ton respectively.
Long time never see OTB and KYY joint forces... Having said this, it is market forces that is pushing shares to go up due to good growth prospect. If tai kor Top Glove ok, other glove stocks also ok. Smaller gloves companies will have higher % in increase due to lower price base.
Yes. Those who are not sharing useful info and fact but creating a lot fear yesterday should leave as you are affecting others to sell at a loss and operators to collect at cheap price.
I and Paktua like to buy when others are fearful...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
Cnlim
488 posts
Posted by Cnlim > 2020-05-20 14:23 | Report Abuse
You must made a killing in comfort since you know the director haha better than buy low sell high with insider info haha