by right rhb and affin hwang made the right call. Based on future earnings and locked in sales. this counter is worth RM5.8. No question about it. But coz market operates differently so if drop too much and too hard gotta cut loss guys
By the way, theres an independent consultant who wrote an article about labour practices by topglove. I think thats why gloves are dropping harder than edm bass
Now on, retail players are the main shareholders of glove counters. Everytime somebody buy, others will quickly sell. Especially those who bought at RM 4, 5, 6. THe play will be different.
At present, medical gloves are in great demand, but going forward where is the growth in both ASP and volume post FY21. Is there another leg of growth for the glove industry without any epidemic diseases or pandemic? Slew of companies announced their plans to set up plants to produce rubber gloves, increase their production capacity and lines and many countries announced to ramp-up their glove manufacturing in the next 2-3 years. China and Thailand plans to increase their production of gloves to 100 billion per annum. Will it gradually turn from shortages to gluts in the industry for the next 2 years?
Vaccine or its trials may be delayed or paused but we know that we are going to have a proven commercially viable vaccine as time goes by.
For now, the downside for glove counters is high but upside is limited. So risk is high for the return.
Pukimak caujibai, this shares make me feel dulan, and all directors like sohai, didnt do anything at all. I wish i can be the MD there, sack all these directors!
The thing is in this bearish market 2nd tier gloves counter will get wiped out immediately. No support from owners as well. The prediction is tomorrow it will got below RM 2 and next week it will be trading at RM 1.80 - RM 2.20. Good luck guys
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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....
jolow
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Posted by jolow > 2020-09-10 16:24 | Report Abuse
so many issue. fda lah: director sell lah