Yes capacity is not reached, but you think whole world only got top glove? Supermax, Kossan, Hartalega all expanding, and they are expanding very aggressively.
Margins for all of them are being compressed year on year.
Rubber stocks are definitely overpriced, Hartalega is at best a 20PE stock and Top glove a 15 PE. Not their current price.
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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....
pussycats
7,640 posts
Posted by pussycats > 2017-05-11 12:42 | Report Abuse
Wow, very good analysis. Market will price in future growth in current price. That's why Topglov price is beyond realistic price.