@tah16600 @ 0.515 Strong Buy - Outperform How did I miss this hidden gem which has not been on my radar. 75% supplies to TopGlove & Kossan based on Research Reports & a fantastic indirect exposure to the glove sectors. Remember SuperMax @ 0.50 during SARS?
Fear & emotional factors are driving the momentum for IDSS/Day Traders. As long as we are investors and not day traders, Sharp correction is a fantastic opportunity to accumulate fundamental stocks or build a position (if we have no position yet), which will definitely benefit on exponential growth in revenue/earnings. 2020 is already a confirmed situation of fantastic earnings for glove and related sectors even if this nCoV resolved this week/month, which is highly unlikely. Once resolved, Glove and related counters will head even higher since trade disruptions and impediments risks will then be reduced significantly.
Malaysia, being the largest producing countries in the World (large Glove Companies) for gloves will be the saviour for our MYR & economic resilient to overcome the negative impact on aviation, tourism & leisure industries in view of this unfortunate event. We are fortunate to have a diversified economy. New IPO companies (penny stocks with glove/healthcare related) will benefit greatly from this developments and be the Future.
Trend looking good but important for it to go up slowly in phases/days so that the gradual spike will be sustainable. As they said, Time & Tide Waits For No Man. Trust My Intuition :-)
Business & QRs will be good for 2020/2021 due to demand and stock replenishment thereafter. Current and higher share price adequately and fundamentally supported based on the reported Cash positive Balance Sheet. In addition, perfect hedge for this uncertain period.
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RainT
8,448 posts
Posted by RainT > 2019-11-10 01:49 | Report Abuse
this is another typical company that many said is good
but just the share price cannot move and failed in capital appreciation to shareholders
profit margin also is low