Dr MM still think Delta no worries.. when the Whole world is worrying except this crock Dr. So quiet now this is on the way up. Come out of dark ya? Sunshine now...
Everyone should make some decent profits. But now let's clear the sudden spike first if it's just temporary or real technical recovery accumulation. It failed prematurely 3 times earlier. Local boys trading have no mercy and unpredictable compared to the big boys. Still the same 20-40 cents target or still wait below 3.30 or 3.61 above.
UOB 1Q21: An End To A Good Run The 1Q21 reporting season saw glove producers meeting expectations despite being weighed by suboptimal output. Subsequent quarters should see earnings being largely sustained, but will normalise thereafter. Against this backdrop, we fear normalisation of earnings will weigh on sentiment. We have lowered the PE peg component in our SOTP to factor in ASPs coming in lower than expected. Given the looming headwinds and unfavourable reward-to-risk payoff, we downgrade the sector to UNDERWEIGHT.
chensk Rebound for spreading of Delta variant. 29/06/2021 4:43 PM
Our world is currently full of this uncertainties regards to this covid, still early to say we are covid free . Couple with bad economy , I might be wrong but I’m sure glove companies still making money compares to other.
You mean this morning the retailers knew the number of cases will be more than 6 k ? ---------------------------------------------------- invest_malaysia Today rebound mainly due to the cases in Malaysia. Not ASP increase. Sell while it’s good. 29/06/2021 4:00 PM
Wahlao. @pjseow. I taught you’ve been investing for 10+ years? Market always react faster than news one you don’t know? And retailers always is the latest to get the news
Go and check the homily chart clearly indicated no funds flow into this counter, is just dominated by retailers trading. U can derive homily chart from YouTube.
Good try. The number of cases has been increasing for the last two months in Malaysia but the stock prices went opposite directions. Hence , there is no correlation between the two. In my opinion, time is ripe for rebound plus the increasing spreading of Delta variant infections in.more than 85 countries has more to do with todays rally.
invest_malaysia Wahlao. @pjseow. I taught you’ve been investing for 10+ years? Market always react faster than news one you don’t know? And retailers always is the latest to get the news 29/06/2021 4:52 PM
Agreed with invest_mslaysia, if u are so called long term investors why so bother about short term price up and the negative report? If so bother that bcoz u are the trapped gamblers waiting for rebound to release and scare of the price can't go up affected by the negative report.
Anyway if no funds in, only the retailers trading, any price up due to whatever effects like the increase of cases or delta variant spread would be short-lived can't last long, later would drop back again bcoz of no funds goreng.
Israel most successful vaccination rate country with 60% full vaccinated citizens and almost 90% rate for those eligible and 0 cases for several weeks, break 300 cases yesterday with Delta variant in just few days. active cases highest surpassed 1k cases highest since May
UOB Kay Hian Malaysia Research has downgraded the glove sector to UNDERWEIGHT from market weight as it fears the moderation of earnings over 2022-23 would drag on sentiment.
In its report on Tuesday, it added that due to the lofty average selling prices (ASPs), the glove makers could revert SHARPER than expected.
Inventory levels in the US are said to have almost restocked to pre-Covid-19 levels, it said.
Both the Pfizer-BioNTech and Moderna vaccines may provide lifetime protection against COVID-19, a new study suggests.
This could mean that Pfizer and Moderna recipients could have long-lasting immunity - for years or potentially the rest of their lives - and may not even need boosters, reported first by The New York Times.
Invest malaysia. It s okay. No need to explain. Only difference of opinion. As you said earlier, the local retailers are not strong enough financially to move the market. Some bigger funds started to come in. Will.see tomorrow.and day after tomorrow to confirm. I thought.you bought a lot below 3.5 . You said 再跌再买,再跌再买 last week。You.should be happy when the price went up. right ?
Scientists have been working on.flu vaccines for decades but its effectiveness is still.about a year. As for HIV., till.today.scientists are still.working to develop an effective vaccines. It is everybody wishes to find a good and long term.vacciness but we have to be realitic.
--------------------------------------- GlovesOff Both the Pfizer-BioNTech and Moderna vaccines may provide lifetime protection against COVID-19, a new study suggests.
This could mean that Pfizer and Moderna recipients could have long-lasting immunity - for years or potentially the rest of their lives - and may not even need boosters, reported first by The New York Times. 29/06/2021 6:40 PM
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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....
Dannyfyl88
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Posted by Dannyfyl88 > 2021-06-29 15:18 | Report Abuse
Oh oh.. 3.5... now... where are they now? As noted... disappeared.