All the small gloves players got hit harder. WTF. I guess have to hold on till next year to see if things will change. Not expecting much even with an upcoming wonderful QR.
The Health Ministry has detected four new Covid-19 clusters today, one each in Kuala Lumpur, Sabah, Selangor and Kelantan, said Health director-general Tan Sri Dr Noor Hisham Abdullah. the cluster was known as the Tapak Bina Sungai Mulia cluster in Titiwangsa district in which the early cases were confirmed positive today, as a result of workplace screening at a construction site. To date, a total of 124 people were tested, of which 23 were confirmed Covid-19 positive,.
Just imagine how long it needs for the vaccine to reach and there are 18m active cases. How long it needs for them to recover? Glove will still selling like hot cake for coming 1 year at least.
Gloves counters already down 30-40%. It is not dead. It is sector rotation. The other recovery counters are already up... like the banks and transport...which I think it is already peak given than the recovery will take at least a year. Gloves counters might look overpriced but given the orders are 12-14 months out, the demand will not suddenly Stop and ASP drop in one day. I still put my money in gloves because fundamentally, it is good for at least a year... till Q1 of 2022. That is a long time for stocks. The P/E after the next few QTRS earnings will put this stock in single digit...together with Supermx. I will wait and hold for the fundamentals.
lazy explain already. Just let gloves die thats it buy others and im not talking about recovery/cyclical stocks. Overvalued AF take ur profits/loss/capital and put at something more promising. Like Greatec already 100% ROI.
Comfort started movement upwards a week or two after QR the last 3 times...you guys just have look at the charts and you would know...don't be fooled by these naysayers who know this as truth and are trying to catch at lower prices. Comfort is currently at a very strong support region. Just a matter of time.
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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....
DreamWarrior
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Posted by DreamWarrior > 2020-11-26 17:36 | Report Abuse
Whoa!!!