Think brighter days coming soon. EPF starting to buy-in more into top glove and TG clarified its stand on worker's hostel plight. good sign for glove players. Hope to see better performance next week onward...
Dec 2020 was the time local fund managers sell gloves stocks to lock in gains. After all, that is their only winning sector and their bonus is based on their fund performance. I believe local fund will buy gloves for 2021 for their yield. Already the last few days the local fund managers have being taking up glove sector.
The glove manufacturers are at it again to trap the people. 2 Jan 2021 STAR biz week says 2021 is going to be a great year for gloves. The objective here is to get the retail investors excited and set the trap again.
Please cut losses and stay away from 100% of glove MANUFACTURING counters regardless how high they may recover at a later date. Glove counters are controlled by a group of fund managers who want to ensure that ONLY they will win. Retail or small investors will be destroyed.
It has nothing to do with vaccines, fundamentals, PE ratio, yield nor extremely high profits. It is all to do with the "glove chonker" (the so called fund manager). However, having said that, I feel it is safe to invest in glove counters that are presently below RM1 but with caution. We have to teach the fund managers a lesson. Do not touch any glove counters above RM1 !
Once retail investors stay away from Glove Manufacturing Stocks that were artificially inflated by the syndicates, they (the syndicates) will be stuck, whereby their billions will be tied up. Let them finally own 100% of the glove stocks and take them all private. Please note syndicates make money only when general public buy the shares that they sell ! Thank you !
HIGHCHAPERAL, I agree with you on the theory of fund managers being the Blood Sucking Leeches they are. But the method of beating tgem black and blue needs circumspection.
The day that USA Custom bravely announced BAN on world biggest gloves manufacturer Topgloves from USA, that is the sign that there are no shortages of gloves mah...!!
But the vested interest parties still mentioned gloves shortage to mislead the investing public loh...!!
Tradeview Commentaries 4th January 2021 - A New Year, A Fresh Start
Dear all, the morning glove selloff may have panicked investors and triggered some margin call or panic selling. Just a quick update of our view, the short sellers who are selling off the glove stocks are not very smart. It is a risk to reward ratio for short term traders. Capitalizing on temporary fear versus eventual rationality is dangerous play.
However, this may not be a bad thing as it would mean that smart funds who can see the market irrationality would come in to scoop low. I foresee the yields on glove stocks to now exceed my earlier 7-8% in dividend yield based on today's pricing possibly hitting double digits already by now. At current share price valuation of the glove stocks, it is discounting entirely the years of supernormal profit of 2020-2022. In fact, it is cheap even by trailing historical valuation per se. In short it is severely undervalued.
The saying goes "the market can remain irrational longer than you can stay solvent". My take - if you as retail investors can stay solvent longer than market irrationality, you will come out the winner. Have faith in the fundamentals. Fundamentals never lie.
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....
Taeyeon09
212 posts
Posted by Taeyeon09 > 2020-12-31 16:10 | Report Abuse
Last discount price before 2021