I see a very good sign in today Glove Counter. Within 5 minute from the afternoon session, everyone take profit and runaway. The entire market has loss their faith on Glove counter. Everyone is trying to escape from glove counter. Those retailer no longer aim for big profit (i.e. hoping the share price go back to RM2-3, now as long as earn 2-3 sen they willing to take profit or cut loss d.
I really hope one day all the Glove counter can back to their previous time, whereby only institute player, or long term retailer will buy, there is very little day trader or immature retailer transact glove counter.
KUALA LUMPUR (June 19): Top Glove Corp Bhd (KL:TOPGLOV) has returned to the black in its third financial quarter ended May 31, 2024 (3QFY2024), after posting losses for the last seven consecutive quarters, primarily driven by stronger glove demand as customers replenished their glove inventories having cleared excess stocks.
"Customers from the US are expected to start moving away from outsourcing orders to China ahead of year 2025 when tariffs take effect, and Top Glove as a major glove exporter to the US is optimally positioned to capture more market share from the potential trade diversion," the glovemaker said
Sell asset to get so called profits , world no.1 glove leader , kindergarden IB , share price drop = really really hopeless for malaysia glove company !
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....
yfchong
5,791 posts
Posted by yfchong > 1 week ago | Report Abuse
boleh lar., dapat credit... well done if you are not digging the figures deeper .