The lower the price the better we eat. Hard to find stocks with share price fully matched by current year's profits. Anything more profits in the following quarters will be a bonus.
Government should encourage bumiputras to participate in the gloves industry by taking up substantial stakes in mid-size glove companies which are cheap, well managed and flush with cash and profits.
Later that so-hai + so-ham penny @jolow bully you "bodoman simple thing also dont unserstand"...
You know why...this so-hai + so-ham penny @jolow always jealous people to buy due to this so-hai + so-ham penny @jolow not sufficient funds to follow lorrr...
Selesa2020, good to know that you support the aspiration of Bumiputras in glove business. No need windfall tax, just more equity participation and board representation in the companies. Since glove business is shun by IBs and their followers probably resulting in high free float of shares in the market, Bumiputras can take up the stakes cheap and stabilize the share prices too. Our financial wizard Ah Jib Gor also loves gloves business, hahahahaha.
Also, it might be too late as the uptick will be quick.. like a month before the clarity. Can start adding cautiously. Also, I assume there is no more mutations from here....
Ya? The raw material is rubber/oil.. guess where it is from? Also, it is easy to say.. will overtake Malaysia gloves... try loh... It takes 20 years to build the business and tomorrow.. China take over...because it starts Gloves factories with dropping ASP/profitability. WTF... if only that was so easy and I don't think the Chinaman is so dumb to go into a business that has lowering profits ya? I think they rather go into Tech/Chips making...
The days of cheap chinese goods are over. The Chinese govt is controlling 'power' and material costs. Quality over quantity and also environment control.
Gloves will be out for the next few months. Any move will be counted with shorts as the Sentiment is still bad. It is LT now... I see the price will stay around 1.3 for a while...unless there is One big news like a new virus etc... which is wishful thinking. Let's see how long this Low ass P/E will stay. Even if the sales goes down 5X, it is still under 10. Totally oversold.
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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....
Keyman188
5,968 posts
Posted by Keyman188 > 2021-09-27 11:57 | Report Abuse
Amboi...you omitted 1 word lahhh...
Share market always is "Human Money Game"...
Adui...
Posted by Beltland > Sep 27, 2021 11:54 AM | Report Abuse
Remember ,Share market is a money Game !!!!!!!!!!!
It's a zero sum game !
It's a direct fight between IB and Retailers !