Looks like investors not keen to push for now, cause show in Parliament later. So it's a 50% 50% gambling , if Budget 2021 get a greenlight, sure rally kuat kuat...
pls dont all in comfort glove ya, keep avg down avg down later more loss. The director diam diam sell to public. gloves will go back to rm1 in the future so beware
4 quarters of profits in 2021 pretty much locked down. MSCI global small cap listed. Forward PE 5-6 is just unheard of. It should normalize next year upwards.
Uncle Koon's rebuttals made the JP Morgan's report looked amateurish and " quite stupid". Their analysts shld join this chat group to learn from the analysts here. What say you, bros?
If all the glove counters can keep their prices in the positive zone for the next few days, then JP Morgan will have to either " eat" their own report or flush it down the toilet.
To survive in the market you must be steel-hearted and know what you are buying into..... then only you can sleep well. I am not surprised many punters did not sleep at all last night. Uncle Koon's rebuttals shld help many to think straight. Well well well, many have learnt to be a better stock market investors.
The profit for the last qtr was abt RM90 mil. The profit for the next 2 qtrs is likely to be higher than RM95 million per qtr. This is juicy story to many fund managers.
Guys don’t be stubborn,it will continue to go downhill.Cut loss before become bubur cha cha :) . “Train yourself to let go of everything you fear to lose.” — Yoda
I bought at 3.98, to early buy already. No bullet to average down. I think unless management announce special dividend or extra ordinary news, this share price won’t suddenly spike up. However slowly and surely this stock will climb up, is a matter of time
After all the EUA, recovery theme will subside, for more and more countries going into lockdown with exponential Covid cases and no of deaths. This is only the beginning of dark brutal winter.
Joe Biden will prioritize well-being and healthcare when he took office in Jan.
A value investor will buy into good fundamental stock which is undervalue due to temporary weak sentiment or irrational market behavior.
AS OF 31 OCT 2020, JP MORGAN MALAYSIA EQUITY FUND TOP HOLDING IS TOPGLOVE. NO 3 IS HARTALEGA. AFTER SELL IN NOVEMBER 2020, THEY DECIDED TO DOWNGRAGE BY 50%. PLEASE CHECK THEIR FUND FACT SHEET
42m previous qr + 90m latest qr are only the beginning of supernormal profits, if orders booked until 2021 as said, another 5 more QRs to go.
Simply can't ignore this amount of earnings, won't even talk about PE.
I'm still at 3.79, careplus 2.88, but my shares are all free shares from the superb returns from gloves, so I'm a bit chilled. Will only see when I see earnings drop.
DonWarryBeHappy: Only if owner willing to share some of their profit with shareholder, if not whatever good profit that they earn. Shareholder won’t benefit.
Keep 50-50, it's okay to cut loss 50% of your glove stocks and join the recovery stock, most recovery stock really start recovering from the worst. I've been studying many recovery stock counters and finally decide to cut lost last 2 weeks, and all my loss from glove has been recovered now and if I decide to buy glove today, I can get a lot more with cheaper price.
But, I'm still optimist that glove stock will start to recover by the time people see the net profit keep on increasing regardless of the vaccine roll put.
2 sentiments here - no 1, the glove profit will not be sustained for long, and the market will be much competitive starting Q2 next year, and secondly, the post-mco stock esp oil and gas will soon fly (and airasia really has flown 100% since it's cheapest 0.5).
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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....
LimitupLimitDown
196 posts
Posted by LimitupLimitDown > 2020-12-15 09:13 | Report Abuse
based on history today glove will limit up.