Base on Daily Chart, if the Pivot Point @ RM 2.48 is broken, then it will move up tp TP1-RM2.62, TP2-RM2.73 and TP3-RM3.09. Happy Trading, Trade Carefully.
All new glove manufacturers should take note that you will not be able to be profitable due low ASP. You will need economics of scale like the Big 4 + 3 to be profitable. So better to merge with them to survive.
For those of you who has the holding power, remember anything can happen. Fundamentals are strong. Demand is there and will continue to increase. The only setback is too many players and supply has also increased. Now comes competitive advantage and edge to secure the business.
The top 4 has economies of scale, track records, solid distribution network and firm customers and contracts. They have the expansion as well to counter lower ASP.
Their NP will remain around 1B for a few quarters.
Dont be greedy ! Faster take your profits while it s still green ! Supermx will waterfalling this afternoon n drag all glove countets down to pre covid level !! Becareful all my friends !
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....
strattegist
23,459 posts
Posted by strattegist > 2021-05-06 17:19 | Report Abuse
tutup merah