The EPS for the last ( 2020) financial year waa 27 cents, giving a PE ratio of 7 ( based on today's price). The results coming out anytime now will show EPS of abt 48 cents ( my estimate). That means the PE multiple will drop to abt 4 only.
That is bloody low PE multiple. I doubt there will be short-sellers at this price. Likely to see the price coming up again soon.
Profit will maintain for the next 4 QTRs at least. All gloves are oversold. Time to add. Valuation is unbelievably low and risk is much lower than other sectors
For this year 2021, demand is more than supply. Orders are full until year end and still coming in. That's why gloves bosses continue to sapu from weak holders.
Allocated RM1 million to accumulate from 1.88 to 1.95 !!! Thank to old fox again who kena total wipe off from his margin call on Supermax, comfort n rubberex ! Old fox will no more giving sermon to us again , what a pitiful old man.
Just wait till quarter result out this month it will fly back up. Time to collect cheap while still can. Those bought high already sell till underwear also gone already
Almost bottom already.. gloves counters all in Initial Pre COVID price level. Looks like nothing happened and this year and next will have great earnings in their financial books. WTF. Just sentiment on vaccines cure all news. It will pass as COVID will still be around for another 5 years. Let’s see if this experimental drugs does not have long term effects and did bring herd immunity this year. I doubt it.
Yalo, can slowly collect undervalued glove stocks while retailers panic sell. I made a lot of money trading recovery stocks cause a lot of anti-glove help me push. My philosophy I only invest in profitable companies for mid to long term.
Dream on waiting for 1.2. It is already bottom...this price is like Pre Covid. It is like nothing happened but the earnings is 10-20X for the next 2 years. Where is the logic. Sooner or later, valuation does catch up... Sentiment is not lasting. Fundamental is...
USA encourages covid 19 return... Lifted lockdown restrictions, no mask, economy resume full swings like precovid. Then US tourists go to UK, EU, Aus, Nz, Brazil, Asia , spread the Brazil & SA variants. By then maybe MYS going through MCO 99.0
holding 5.43 m shares avg price 2.078342.....still undecided whether to take profit or wait for breaking 2.2 !!!! anyway already key in 2.18 upward hihihihih !!!!
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5c0160
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Posted by 5c0160 > 2021-03-01 18:30 | Report Abuse
Alot of order had been cancelled recently n ASP drop a lot.