Dont be naive. You should know that supermax is setting itself up to plunge > 2.00 tomolo. Its a shooting star reversal. What will happen to comfort when that happens?
On May 13, 2020 Supermax share price was higher than than Comfort by RM1.40. Today, Supermax share price is higher than Comfort by RM13.00. What has changed? A disposal glove is a disposal glove. Nowadays, all can make gloves without pin holes. Where is the differentiation of product use ?
My thoughts is that if a company increases its ASP so dramatically, whats stopping countries from sourcing cheaper glove from other companies.
In USA, you may have FDA regulations to comply, but for other countries, they just find the more affordable glove company.
Florida is so short of PPE and hospital beds.... do you think they care whether it's a Supermx glove or Comfort glove
Greater fool theory! In trading, fret not about the valuation.
Overvalued?? Meh, all you need is to convince the next idiot to buy it at a higher price than you! Alright guys, lets find the next idiot to push the price higher tomorrow. UP UP UP
I've been wondering why the ppl here like to brag on how many lots they've bought and sold. I can also simply boast that I've bought 1M lots yesterday and sold this afternoon! LOL
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Posted by huatarr8888 > 2020-07-14 15:40 | Report Abuse
FLY Comfort! Target price RM 5 - 6