How can someone so smart to say glove is sunset ? Glove is a consumable item widely used in many industry eg, oil n gas , medical , industry , FMGC and etc. It will be forever in demand. Invest with brain not talk cock.
Ya.. where is that person? Looking at the TA...it seems to form support at 2-2.1. Chances are higher to go up unless there is another bad news like Covid all gone next month and gloves are not needed as we human got the miracle cure-all vaccines now. Variants are just another flavors...no problem.. just spit it out. WTF...
When the valuation is too low like PE multiple of 4, there is no incentive for short sellers to come in. They will only short sell the shares when the share is over-valued.
Those who still short sell Comfort shares are likely to be those who do not know what they are doing.
Glove investor must watch this video Very informative Regarding vaccine efficacy and few types of convid mutation to very contagious and deadly especially Brazil , South Africa , UK and Philippine ( Mandarin Version ) Pfizer vaccine efficacy statement by their CFO too ( English Version )
covid is still there and there is sign of another outbreak
even if the covid is controlled, stringent SOP that requires more PPE will probably be with us for at least 2-3 years.
There is no way glove demand will slow down because all countries had a deep lesson on glove shortage, they will pile up stock just in case the outbreak happen again
The reason why interstate not allowed even in green zone because MOH worried the contagious might spread again. Government is taking precautions move to avoid the crisis. Covid-19 will take 2 to 3 years to solve & the world are awake by the needs of protective gears
RainT, ya, many bursa investors very strange nowadays. They thought they could predict the future better than scientists do. The most upset comments were those two so called financial experts given on Tv, few weeks back , claiming glove is over and vaccine arrival spell the end of the demand. Well, this is so called con men. Instead they emphasis on recovery stocks. Now those who believe went to follow and not run away quickly will trap there.
About less than a month u will get interim + special dividend total 5 sen/sh which is above bank interest. Therefore I advocate a srong buy as an experienced investor
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Posted by blueberg > 2021-03-18 21:15 | Report Abuse
https://www.freemalaysiatoday.com/category/leisure/health/2021/03/18/covid-may-become-seasonal-says-un/