UG healthcare (Singapore gloves counter) is TP SGD 1.30 plus or above and current price now is 0.715. I'm sure Malaysia gloves counters can be up as the same as Singapore market.
@true, price cannot be push down by just JP Morgan itself. You buy because others IB call buy, is other IB cheat you to buy in. JP Morgan is good IB advice you before it crash.
“Our top picks have a recovery bias (Tenaga Nasional Bhd, RHB Bank Bhd, DRB-Hicom Bhd, MBM Resources Bhd and Focus Point Holdings Bhd), combined with volatility (Bursa Malaysia Bhd), defensives (Telekom Malaysia Bhd, MQREIT), value (IJM Corp Bhd, Sunway Bhd, Bumi Armada Bhd) and sold down pandemic beneficiaries (Top Glove Corp Bhd),” it said. https://www.theedgemarkets.com/article/klci-pares-gains-losses-glove-makers-cap-advance
Ivanc my entry point is RM0.92 . I holding since last year . and sold some for profit during 4.8 . I bought heavily all glove stocks during outbreak in malaysia .
Read today’s edgemarkets...bullshit article from JPM! Trying their best to drive the price into the ground. Shouting vaccinations doesn’t require use of gloves
"Trust in what you have invested, these naysayers are not here to help you. Once it's green, you won't even see a glimpse of them, but they will hound you with fear mongering once its red, how pathetic "
Glove usage on Vaccine administration helps to increase demand for glove, but it's not signifcant in the grand scheme of things. What's significant is more towards perception of hygiene. Afterall, assuming the entire world population requires a pair of glove for them to get vaccine done, that's merely 14b gloves. That's only about 4% of current glove demand. What JPM said is totally BS.
JPM metioned that Tesla is dramatically overvalued earlier on, but keep increasing their holdings to a whoping $4.7B worth of units in Tesla, and that's 312% increase! Now they are doing the same trick on Topglov! https://fintel.io/so/us/tsla/jpmorgan-chase-
JP Morgan Jeffrey Ng analyst report on Glove is irresponsible fully agree with you Goldberg. Why listen to Analyst you buy b'cos you have confidence in the usage of the Gloves with the Pandemic increasing and new Virus mutation and of course you believe in the company and urself why you buy this share in the first place. And with the new Virus mutation the Vaccine is not 100% guarantee even the Scientist are worry with the new Virus mutation they can't even guarantee that it can control the new virus...? How can JP Morgan so confidence all b'cos they boughtit to expensive.
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....
pineapple123
2,472 posts
Posted by pineapple123 > 2021-01-13 15:22 | Report Abuse
I ALREADY KNOW JP MORGAN WILL COME OUT WITH THIS STATEMENT TO PRESSURE THE PRICE OF GLOVES.
DO NOT DISHEARTENED BY THEM. HOLD AS LONG AS U CAN. DON'T GIVE THEM CHANCE JUST LIKE HOW WE DIDNT GIVE CHANCE TO RSS