Yes Rocker, buy when others throw. Fundamentally, the gloves are in good position. Too early to call it quits. Vaccine is at least 1 year away. Nothing will change financially and it is all sentiment now.
All emotions today. Down the cliff for gloves today and probably these few days. Have to wake for the market to cool and look at reality. It is Not as easy as it looks and gloves are still needed more than ever on vaccine administration.
Yes, this is no hype. Money flow to another sector will soon come back ... after realizing the fact that it is Still Months/Years away to be Back to Pre Covid. Gloves all the way..
This is 11.11 sale, tq everyone to panic sell. Btw, how much profit u think all the vaccine companies gonna make once it comes out? Is it going to be higher than the glove companies? Anyway, tq everyone for another round of panic selling. See u at higher price.
Glove companies are like investing in commodities. Spike in prices then subside. Diversified companies like Texchem and Mah Sing is safer because they have balanced portfolios. So Glove Companies should tell us how they want to invest their windfall profits in post pandemic so will cause in spike in their coy shares. Like Top Glove investing in a Honeymoon Resort in Pulau Rawa .
Spike in commodity prices do not last for years. At most 6 months before supply starts building up. Do not expect elevated ASP to last for years. That's why they are called commodities. Easily replicated.
Look at the new companies entering the fray , tells us that it is indeed a commodity....not an exclusive service like specialist treatment or portrait painter.
Yes. I believe Comfort can still run . Glove prices will be in short supply at most until end 2022 only. Use their projected eps to see what is the peak price. I am no accountant.
Seeyounoup Thank you for the link. Real eye opener .when will vaccine be available to the ordinary folks? 2030, 2040. What’s the reality ? The loser DT has persuaded Brazil to switch vaccine. Who loses in the interim, Brazilians!!!!
it shows the CEO foresee, risks in potential upside hence a stock sale during the announcement of Covid. Please evaluate and think for yourself and not allow emotions run high. If you are holding glove, dont invest with emotions.
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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....
Leehenglye
128 posts
Posted by Leehenglye > 2020-11-10 14:21 | Report Abuse
Be Hunky Dory again .