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4 comment(s). Last comment by calvintaneng 2020-12-07 14:49
Posted by EngineeringProfit > 2020-12-05 09:42 | Report Abuse
The worst is not over if mutation were to happen
Posted by Frank Tan > 2020-12-06 12:18 | Report Abuse
performance will maintain for 1 year...but share price still need shark to push.Now no more shark dy....
Posted by calvintaneng > 2020-12-07 14:49 | Report Abuse
Even if I assume the selling price for gloves is not increased for the whole financial year, all the glove stocks are selling at very low PE as shown on the table below:
Name Price Quarter EPS 4XEPS PE
Supermax Rm 8.29 Sept 30.58 Rm 1.22 6.8
CarePlus Rm 2.60 Sept 8.00 32 sen 8.1
Comfort Rm 3.73 Oct 10.30 41.3 sen 9.0
Top Glove Rm 6.65 Aug 15.95 63.8 sen 10.4
Kossan Rm 6.10 Sept 13.6 54.4 sen 11.2
Rubberex Rm 1.73 Sept 4.96 19.8 sen 18.8
Hartalega Rm 14.50 Sept 15.95 63.8 sen 22.7
Instead of selling my glove stocks, I should consider to buy more glove stocks, especially Supermax.
Calvin comments:
I think SUPERMAX has already done very well with ASP
I bought Supermax at Rm1.73 & sold all above Rm18 (after bonus Rm9.00) for 1,000% gain
NOW I THINK KOSSAN STILL A GOOD BUY AT RM5.88
Kossan has the highest Quality
Clean room Surgical Gloves & faces masks
Faithful to its customers thru thick & thin
Kossan does not take short cut but build up its business solidly and professionally
Its Top shareholders are great names. Among them is Eastspring Investment Fund
There are many new glove entrants
BUT LOYAL HOSPPITALS, SURGEONS & DOCTORS WILL STILL STICK WITH KOSSAN FOR THE HIGHEST QUALITY
A Surgeon cannot risk his life using untested & unproven medical gloves out there
Like a brand name KOSSAN is well known for HIGH QUALITY & SAFETY
Nobody will buy cheap roadside medicine from pasar malam
So no surgeon will be gloves from new unknown glove wannabees
07/12/2020 2:48 PM
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CS Tan
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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....
dumbdumb123
150 posts
Posted by dumbdumb123 > 2020-12-05 09:15 | Report Abuse
This pandemic will peak in January. Maybe February.