The run has just started. I m very sure Ah Chi and Ah Kow from places like Jinjang and Kepong wet markets have yet to chase up the glove share prices for this round. The run is only over when they have come , got themselves burnt and have left rhe market scene.
Anyway at this closing price of RM2.66, the PE multiple has gone up slightly to only 4.29X. There is still alot of upside. If you have not bought or you have not bought enough just CLOSE YOUR EYES AND BUY.
For some who cannot see the attractiveness of low PE multiples, they off-load at RM2.30 or RM2.40. These are the people who will come back and buy at higher prices like RM2.85 to RMRM3.00.
To make good money the player needs to understand the numbers ( which change quite rapidly) and have confidence in the numbers they are acting on.
Interesting to see if there are many buyers scrambling to buy Comfort shares when the bell rings at 9.00am tomorrow.
There will always be weak holders or short term players selling when it has gone up quite a bit today. Long term players incl fund managers are not likely to sell at this price. The latter will not go away with 10% profit. They are looking at MINIMUM of 40-50% profit. Most fund managers will not invest in counters that are likely to appreciate less than 30% in 12 months.
Hospitals run short of beds as Asia's COVID-19 cases surge. ------------------------------------------------------------ By Neha Arora, Chayut Setboonsarng
April 15 2021.
NEW DELHI/BANGKOK (Reuters) - India and Thailand reported record daily coronavirus cases on Thursday, as a new wave of infections, combined with a shortage of hospital beds and vaccines, threatens to slow Asia’s recovery from the pandemic.
1-Third Covid vaccine dose likely needed within 12 months. 2-People may need to get vaccinated against the coronavirus annually. ----------------------------------------------------------------------
APR 15 2021
KEY POINTS
>Pfizer CEO Albert Bourla said people will “likely” need a third dose of a Covid-19 vaccine within 12 months of getting fully vaccinated. >He also said it’s possible people will need to get vaccinated against the coronavirus annually.
Research houses are calling a buy on the top 4 glove counters and they left out COMFORT. I thought that is the silliest mistake they have made. They cannot see the writing on the wall. So blind. Its unreal.
I bought some at RM2.73 late yesterday just to " see if my instinct was right on the share". It was a scary thing to do but its nice feeling if you get it right. Not a big quantity, its ok just for fun.
Any green day is a good day. So quiet from the shorties. Cockroaches disappeared when sunshine appears. Next week Red...they will come out again. Trust me... never failed. Formula 1/10 or 10/1? Still confused.
Citing the World Health Organization, Bloomberg reported that Europe has surpassed one million deaths from Covid-19 and the situation remains “serious”, with about 1.6 million new cases reported each week in the region. Malaysia also saw the new Covid-19 cases increased further yesterday to breach the 2,000 mark with 2,148 cases. The last time the country registered daily new infections above the 2,000 mark was on March 5 with 2,154 cases.
ASP - Still Strong
However, we do not expect ASP to fall off a cliff despite average lead time being reduced from 300 days in early Jan 2021 to 200 days currently, compared to 20-30 days pre-COVID-19 supported by post-pandemic demand growth averaging 15%-20% per annum. ASP trend is expected to soften next year albeit at a slow pace on the back of still robust demand. Malaysian glove players which commands 68% global market share and have consistently evolve and innovate in terms of capacity, products and plant modernization via automation.
Global demand growth at 15-20% per annum post-COVID-19.
According to the Malaysian Rubber Glove Manufacturers Association, the global shortage of rubber gloves will sustain beyond 1Q 2022 with growth rate averaging between 15% and 20% per annum going forward compared to pre-COVID-19 of 8%-10%.
Heightened Hygiene Awareness
Heightened hygiene awareness extending beyond the healthcare sector. Incremental volume growth is expected from new users of examination rubber gloves including nitrile and latex-based ones.
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Dannyfyl88
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Posted by Dannyfyl88 > 2021-04-15 16:10 | Report Abuse
OMG... what Formula now???!!! 10/1 now or 1/10... Still confused