Mkt operator planned it all. Those who chased Comfort on the last day of cb(entitled for free warrants) last week were made to pay a much higher mkt price for it.
Currently, political uncertainty is perceived as the greatest mkt risk for Bursa and mkt operators are exploiting on the poor mkt sentiments to whack down prices.
Danny, you're right, Bangladesh on verse to become next India, Delta+ variants spreading like wild fire. Goverment announced lockdown with immediate effect..
Stock market is where you find extreme optimism and extreme pessimism. Glove stocks now hit with pessimism. Oversold. Its ok to collect some, even if price did not move up, the dividend is good. If price goes down, the owner might privatise. Either way, not too much harm t0 the investors.
So cheap at P/E of 2 with high growth... Nothing this good will last forever. In times, cycle will come around and this will fly again given Covid is an Endemic, new hygiene demand and little debts.
Danny, the goverment are helping the banks, if you noticed, banks continue to charge interest despite allowing loans to defer. What does this implies? Banks are struggling to find $$$
Yes Selena, the FM is the Banks employee #1. Anyway, gloves are not in favour now. But in times, it will come back. I still believe it is oversold and completely unreasonable given the strong fundamentals. Will hold it LT and I know it will come back up again. Cycle of Bursabet will come around. One news only…
For this reason, I prefer comfort. Plus the management is amazing. Give dividend, free warrents, and even cancel their own special director fee request before the EGM
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 312 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11544 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Dannyfyl88
1,215 posts
Posted by Dannyfyl88 > 2021-06-28 09:38 | Report Abuse
Whole market down guys... Not only gloves...