There's a high likelihood, company will buy back its own share given the high net cash position it is in and given the share price at ridiculously low level.
If the future is do bleak,why are the funds reducing the short position instead on increase it? The funds know all the bad news will be over soon and glove companies will spike up in the coming months. Don't be suprise they fund will start buying after covering their short position. With 3 billion cash , put FD with 1% interest also makes 30 million. If put in government bonds at least have a returns of 4%to 5%. So additional 120m to 150m profit annually added to net profit.
yeah. sbb what so good? company spend money on useless things. look at topglove. spend so much money sbb share price drop like hell also. better use the money to expand the business
This pandemic is not over until it's over. All over the world, u can see cases are increasing n what more with winter here, let's hope there won't be any exponential surge of virus.
Analysts expect Top Glove coming QR this Friday profits drops 50%-60% from RM600 millions to RM250-300 millions....Above or below analysts prediction will move share price uptrend or downtrend next week
TG qtr result should be better this qtr. Reasons: CBP lifted. Recover 10% lost revenue from US. TG Thailand has big volume nitrile gloves sales to US MCO lifted. Production efficiency improved from 60% to 90%. TG resume full production. Capacity 100b.
MM , Want to bet with me on TG coming PAT ? I projected around 600 mil . What is your projection? Below 300 million? TG FY 2019 prepandemic full year profit was 371 millions. Average per qtr was 93 millions.
----------++++++------------- MoneyMakers Even 400Mil TG profit bad alrdy..if left 200Mil (below prepandemic level) + low div 2/3sen str8 limit down 08/12/2021 4:39 PM
This is not lose "abit" this is wipeout ah Ah Ben Gor *********** Benhobenhobenho Share investing is a bit like gambling so if can't afford to lose, then don't invest.
Analysts predict coming Top Glove QR this Friday profit drops to RM200-300millions from RM600millions previous QR....Let see whether Top Glove can beat analysts very low profits estimate coming Friday announcement
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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....
Onggal
763 posts
Posted by Onggal > 2021-12-08 11:53 | Report Abuse
Today 1.45 to 1.50
Not hurry to jump in
Wait below 1.30