Strong buy? New low again. Still call buy? Retailers mindset been thinking operators pressing the price, not knowing funds been throwing and funds do not want to pick up even at the current price.
Covid is still rampant and mutating in many countries. Check out covid in Singapore, New Zealand, China etc etc.. Gloves usage or demand continues to be high. The BIG 4 bosses should start control production supply, manage distribution network and not forced to sell cheap. Gloves ASP need to go back up. PE at new lows. USD at record high. Coming results could reverse trend.
Bigger trap and bottomless pit. Think twice before buying. Especially when everyone keeps mentioning this is a cash rich company. Do not regret when you realised the cash is gone, share price keeps declining from your entry price, plus dividend cannot even sustain. Many more to come.
While the “glove super-cycle has ended”, gloves are still part of a daily routine in many corporations – semiconductor environments, hospitals and more. This will result in a sustained growth in the glove industry in the future even with the tapering off of the COVID-19 pandemic.
With that, we decided to delve into the ‘Heavenly 4 Glove Stocks’ in this article.
Buy and bye... Been straight consecutive weeks closing low each week. Investors also stay far from this counter. Would not be surprise if this continues the next and following week.
SHANGHAI (BLOOMBERG) - New Covid-19 cases in China continued to climb as outbreaks in some regions widened, with the authorities in Shanghai saying the situation in the city remains severe. The country reported 580 local cases on Saturday (July 16), according to the National Health Commission. It is the highest since May 23 and a jump from 450 the day before...
When Covid will end in China if zero covid policy continues? Covid reinfecting in US, Europe, Singapore etc etc.. All know yet ......
The way I look at it, not a suitable time to enter yet. No strong buying signal yet. Even at current price, you still get trapped. No one knows for how long will it be. Everyone has their own way of playing, I set my entry price at 70cents to be safe.
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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....
Youngkid
298 posts
Posted by Youngkid > 2022-07-05 09:51 | Report Abuse
Too cheap to be ignore