Impiana is a rubbish stock haha. You get stucked prepare your money to be burned. You see what's the PE? PE for a rubbish stock also so high. Go away larr...
Beijing is reporting increasing numbers of COVID-19 cases - now double digits on a daily basis - which has led to an escalation of the city's emergency response status from level 3 to level 2. That has put other cities and provinces on alert, with tough measures implemented for those traveling from Beijing.
Beijing's emergency response status was lowered to level 3 for just 10 days before being returned to level two. It is now the only region in the country with a level 2 response status.
I've sold my Glove stocks and now move to Genting to recover my losses. If you cannot go to Genting, Genting comes to you. Buy Genting Bhd (3182), not GenM.
- Under Genting Bhd, they have Plantation (Top 5 biggest plantation in Malaysia), Casino, Resorts, Medicine / Life Science / Bio-Tech companies, O&G / IPP Power Generator (China, India, Indonesia...), Online Casino, Property Development, Cruise. - Genting's PE is 4.74 only, super cheap. The cheapest in KLCI 30. Dividend yield 5% - Genting price before CoVid-19 and MCO was RM6, now RM4.50 at the time of writing. One of the few KLCI companies that have yet to reach her previous price. 30% more to go. - Unlike gloves, nobody 'Goreng' this stock and it is at it's lowest, the only way is up. Furthermore, how much lower can it go? Already PE4.74. Upside is bigger than downside. - Assuming that you bought and the price drops, it doesn't hurt to hold onto it, right? It is already at the bottom, and it won't drop 50% or 100%. Genting is already at the bottom, if they go any lower, they will be kicked out of KLCI30, that is why Uncle Lim kept on pumping money to support the price. - With 5% dividend, if you lose 5% in price, can easily recover, hold for 10 years also no worries. And when vaccine is available, price surely will go up more. Only up, no down. Nothing to lose. But gloves, once vaccine is available, you will never ever recover your money again, never.
p.s. Disclosure - I own Genting 3182 stock, does not own GenM. But if you prefer the casino stock, it is also ok. Good luck.
Still remember how steel prices crashed two years back.
Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide. Why?
SIMPLY because stock market looks to the future!!
The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?
During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?
This show you to fasten your safety belt as tide as possible Don't e ever catch a sharp falling knife even though these glove companies futures performance are still bright All current critical highest prices are already reflect its future earnings Overvalued,overbought and over PE
The critical high PE 50,60 ,105 times and so on for all glove companies couldn't be sustained for long time Finally will back to normal average PE 20 times
i believe price down is temporary for those "sharks" to clear the warrant that goin to due. got glove stock warrant due this friday ahh .. hehehe... if you know what it means ...
I agree with you...coming soon Genting will fly above rm5
Posted by DannyArcher > Jun 17, 2020 7:38 PM | Report Abuse
I've sold my Glove stocks and now move to Genting to recover my losses. If you cannot go to Genting, Genting comes to you. Buy Genting Bhd (3182), not GenM.
- Under Genting Bhd, they have Plantation (Top 5 biggest plantation in Malaysia), Casino, Resorts, Medicine / Life Science / Bio-Tech companies, O&G / IPP Power Generator (China, India, Indonesia...), Online Casino, Property Development, Cruise. - Genting's PE is 4.74 only, super cheap. The cheapest in KLCI 30. Dividend yield 5% - Genting price before CoVid-19 and MCO was RM6, now RM4.50 at the time of writing. One of the few KLCI companies that have yet to reach her previous price. 30% more to go. - Unlike gloves, nobody 'Goreng' this stock and it is at it's lowest, the only way is up. Furthermore, how much lower can it go? Already PE4.74. Upside is bigger than downside. - Assuming that you bought and the price drops, it doesn't hurt to hold onto it, right? It is already at the bottom, and it won't drop 50% or 100%. Genting is already at the bottom, if they go any lower, they will be kicked out of KLCI30, that is why Uncle Lim kept on pumping money to support the price. - With 5% dividend, if you lose 5% in price, can easily recover, hold for 10 years also no worries. And when vaccine is available, price surely will go up more. Only up, no down. Nothing to lose. But gloves, once vaccine is available, you will never ever recover your money again, never.
p.s. Disclosure - I own Genting 3182 stock, does not own GenM. But if you prefer the casino stock, it is also ok. Good luck.
RM4.5 to RM3 is just 30%. I doubt it will go back to RM3, even if it does, you can hold for 10 years and it will go up or the dividend will cover everything. Gloves.... what is the downside? 200% down? 300% down? 400% down? Once vaccine is available. Vaccine will be available, question is when, not if. You pick.
Still remember how steel prices crashed two years back?
Annjoo from almost 4 to 2 in matter of months, and continued to fall to <1. Mind you, the crash started when everyone was expecting the company to make good profits due to good asp. Indeed, the company made good profits, but share price continued to slide. Why?
SIMPLY because stock market looks to the future!!
The peak of pandemic is definitely over. The fuss about the 2nd wave is just an excuse for the market to take a breather after the V-shape surge from the bottom. Everyone everywhere is better prepared, and vaccine will be ready earlier than expected due to billions pumped in the development which uses extraordinary approach. Compared to two months ago, masks and sanitizers are abundant everywhere. Soon, demand for gloves will also normalize. Do you wait until it normalizes to exit?
During the crash of steel counters, investment banks kept giving high TPs which were revised so frequently, each time higher than before. Does this ring a bell?
///// Why Buy Genting (3182)? /////
- PE4.74 only, can Genting go to PE15? (RM13) Maybe, but unlikely. Probably RM6-7, back to pre-covid level. 30%-35% upside. - Bottom is RM3 (30% from today's pricing), don't think it will go lower than that. Gloves, what is the downside? 200%? 300% 400% down once vaccine is available. Not if, but when. Vaccine will be available by end of the year. - Genting is cash rich, also have huge debt but manageable.
///// Why No More Lockdown Even With 2nd Wave /////
Lockdown is to buy time to stock up essentials. Now that they've stocked up enough medical supplies, and most people practices social distancing, it is unlikely we will have a 2nd lockdown, this is because it is very damaging to the economy.
Look at Iran, they have a 2nd wave but decided not to lockdown anymore knowing how damaging it can be for the economy. People will die of hunger. Poverty rate shoots up, crime up and etc.... This is the new normal. Don't be the last person to hold the bag. The PE for gloves are too crazy.
Leaving a company with good profits and returns to invest in a business that has been showing losses. Simply wonderful. Don’t know where people keep their brains nowadays. Invest with some logic not simply listening to other people.
For those who have lost faith in this counter and hv cut lost, why bother commenting here. Buzz off, no one needs negative comments. If you are so good, you would have not buy comfort shares and cut lost in the 1st place lol
I am trying to save you. Don't be the last person to hold the bag. Once vaccine is available, there is no possible way you can ever earn back your money.
Only glove companies make profit. Others are struggling....better keep such counters rather than chasing uncertainty. Gloves are essential PPE for all infectious diseases...ride on... Disclaimer: not sell or buy call
press down to below 2.50 tomorrow...ready to collect
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Posted by Baby Shark > 2020-06-17 16:24 | Report Abuse
Some mati d.. hahaha