It's a cornered stock. They can push it up or down at their whim and fancy. If you can afford to leave your stocks there then it is OK. Otherwise you have to monitor it all the time.
KUALA LUMPUR (Nov 26): Rubberex Corp (M) Bhd registered a net profit of RM25.22 million for its third quarter ended Sept 30, 2021 (3QFY21).On a quarter-to-quarter basis, Rubberex saw its net profits decline by 61% at RM25.22 million from RM64.66 million last quarter, while revenues were down to RM94.9 million from RM176.61 million. Earnings per share had also declined to 2.98 sen, from 7.78 sen from a quarter ago.
The Rubberex management foresees further softening of glove ASP, especially in the nitrile disposable glove division, to be present for the remainder part of the year. Slower order uptakes from customers are also expected to adversely impact on the Group’s fourth quarter results.
Those who cut losses on glove counters plus all the pessimists must be kicking themselves today. Those who did nothing must be feeling good over this weekend. And those who were brave enough to buy last few days are the "heroes" of the game.
One needs to be steel-hearted to stay alive in the stock market and the steep fall in glove stock prices last 2 months was a real test to all the market players.
Danny, the strong believer in Comfort, can start to smile again.
The good old days are coming back.......and with the lockdown over many can go out to dine and start celebrating again.
Covid symptoms linked to the new omicron variant have been described as “extremely mild” by the South African doctor who first raised the alarm over the new strain.
Dr, Angelique Coetzee told the BBC on Sunday that the patients seen so far have had “extremely mild symptoms.”
If the volume traded on the mother share and WB today continues at the same level tomorrow then we are likely to see a big jump in their prices next few days.
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Posted by LeslieGoh > 2021-11-20 13:22 | Report Abuse
Euro new restriction come back again, next week must buy glove stocks...