SM is very volatile..could easily swing up 1-2 in a week or 2. SM, Comfort and TG are clearly heavily shorted because of the expiring warrants. After this month, let's see. All gloves are cash rich now. By year end, even More Cash rich. Let's see if P/E of 2-6 will hold by year end and let's see what they will do for investors. No worries, Covid will NOT go away in the next 3-5 years. Herd Immunity is NOT going to happen with the current mutations and lack of vaccines for the poor countries.
The big 3 Glove counters have been attacked by the syndicate short sellers and it will continue to push down the share prices unless Bursa stop the RSS now temporarily until August 2021..
Ya, syndicates are banking on the bad sentiments. All are shorted heavily and a lot of traders cut lost don't help either. If you bought in high at 4-5 or 7-8 for SM, just wait for settled price to average down. Hold if you believe in the value now. Soon it will bounce back. All it takes is One catalyst to blow up the gloves counters again. Covid will not go away unless there is a medicine to Kill it immediately. Vaccine is a prevention. With more and more new mutations, it will not go away anytime soon. Like they said, Covid is here to stay and gloves demand will also be needed. No worries.
Ya should be... Hope that Next week is a better week. Let's see how this mgmt will take care of investors. I don't think it will have bonus... Dividend...Maybe.
Danny, I'm also thinking to move elsewhere, perhaps TG more appropriate for long term. This naive or stingy comfort mgmt, haiz, just sitting there, waiting for sky to drop, even if declare dividen, i doubt will be good.
[COMFORT] Change In Substantial Shareholder's Shareholding - DATO' LAU ENG GUANG on 26-Feb-2021 Stock [COMFORT]: COMFORT GLOVES BHD Announcement Date 26-Feb-2021 Substantial Shareholder's Particular: Name DATO' LAU ENG GUANG Details of Changes: Currency - Date of Change Type Number of Shares 26-Feb-2021 Acquired 1,000,000
Faster cut loss and buy KPower (Solar and Renewable Energy, will fly soon when LSS4 is announced) and also SCIB, will fly when Sarawak got announce new projects. Faster, cut loss and regain your losses by investing in KPower and SCIB. All the best.
US 10 year bond YIELD Spike high .Expect local and foreign funds money would flow out in big cap and mid cap stock because everybody scare buy high losses money . This month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling stocks for make money so now no prospects cannot buy and hold.High debt company cannot hold ,high prices stock cannot hold .
oledi sunset industry with vaccine out. No more movie. average down will go holland faster . No sign to rebound only drop more. Delay in QR insider new something is not right. Should be less profit.
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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....
ZC2020
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Posted by ZC2020 > 2021-02-25 10:38 | Report Abuse
but glove drop now, supermx 4.95