share buyback has been announced and it is in action to curb further avalanche and incessant bleeding , utitlising internal funds as a result of which dividend payment is expected to be squeezed if not NIL dividend in the interim.
Glove theme suffers from burnt out. Similar to OnG last 10 years, slow drop like Armada, who can expect from sky high price drop to below 20 sen. Havefun Even AirAsia share price is 60+. I think bottom for supermax is near….
Top glove started to increase ASP5%. All the glove companies just need to announce one by one that they increase ASP. Distributors will start to panic and restock again.. The higher price can be reasonably passed to consumers as inflation is real. Just check around.....
For gloves , at current point looking at the cash positions etc n the fact they did share buy back at more prudent prices compare to the other one . Supermax I believe is better choice than tg
Punters who bet on this, be prepared to lose your pants. As I have said it earlier, no way up but will only keep going down. I will come back only after it reaches 0.50.
Wow,if US cancel China glove tariff after nov then china glove may sell at lowest asp USD 12 - 15 , that time malaysia glove may left only 25 - 30 % world market ! The person who buy harta n laugh at tg will definitely feel the bitter taste soon , harta will become penny stock also !
AS at last 30JUNE, 4th QR, it showed RM3 Bil in the banks, NTA RM1.82, Q profit then, Profit after Tax RM32.2 Mil...actually buy even now, value for money.
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....
joyvest
10,533 posts
Posted by joyvest > 2022-09-22 14:20 | Report Abuse
share buyback has been announced and it is in action to curb further avalanche and incessant bleeding , utitlising internal funds as a result of which dividend payment is expected to be squeezed if not NIL dividend in the interim.