Monday open gap up 4.40 above. Nothing to fear as you are buying a good profitable company. Only those who understand the rule of share investing of buying when all in fear will made more money.
May gap up but likely trending lower like past few days, good time to accumulate slowly. This coming week should be another down week pending announcement from PM.
In June 2020, Top Glove reported their RM350 mil PAT In September 2020, Top Glove reported their RM1.3 billion PAT which is 3.7 times higher than their own previous quarter.
In August 2020, Supermax reported their RM400 mil PAT. RM50 mil higher than Top Glove. Next week late-October 2020, Supermax WILL ANNOUNCE their RM1 billion PAT which is 2.5 times higher than their own previous quarter.
Top Glove's market cap is THREE TIMES larger than Supermax. But Supermax can match Top Glove's profits.
Aiyoh ! jolow u talk like tat scary lo, you sure or not ? i worry will go down like a rollercoaster! Then died lior !! Now kaulat become Darulat lior, no EYE see !
- Hotels bankrupt, airlines bankrupt, construction companies bankrupt, travel agencies selling fish now, universities begging for students.
Meanwhile the only stocks thriving on Bursa are Gloves with BILLIONS of ringgit of profits because of great companies like Supermax and Top Glove. Phenomenal.
Sell all other stock and hoot glove this Monday, good hedging, the only sector to fly in such situation, safe investment heaven. All in glove and sell other!
Maybank Investment Bank Research said the supernormal profits being generated by the gloves sector and the government’s extremely challenging fiscal outlook raises the risk of windfall taxes being imposed on the gloves sector.
“The imposition of windfall taxes is not without precedent, being most recently raised by the government in 2008. In fact, there is a specific legal act governing windfall tax application per the Windfall Profit Levy Act 1998, which allows the Minister of Finance to submit a levy order to Parliament for approval within 120 days, ” it said.
Many will buy into gloves if shares plunge. Just like cheap properties, those with cash are waiting. So you have to decide whether u want to buy more, sell cheap or just watch the show.
The chances of the rulers approving a state of emergency will be low considering that many people including the T20 invest indirectly in the stock market through EPF, PNB, TH. Investors who are expecting glove stocks to tank on Monday will be disappointed.
I'm waiting Supermax at rm1.70... thanks panic sellers to help us in this... And rise back to rm9... Wow... Great deal indeed... But what if it never rise back? We all die one time in one life only...
Last time one guy here kept shouting for Comfort to go below rm3... Now I wish rm1.50... but you guys need to help sell it down, who else can help in this matter? Sigh....
Waiting to load up again... correction or crash is best opportunities to buy in and make money. Currently, there’s No better industry that has better earnings and most institutions are waiting for that moment of entry. Demand for gloves is still there. More than one year laps order says it all.
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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
652 posts
Posted by jolow > 2020-10-24 09:36 | Report Abuse
Monday bursa will plunge 100 points when market open