Don't sell before understanding. Margin is not the same as TP. Example the margin cap RM0.50 the share price is RM2, so you if use margin then the bank lend you up to RM0.50 only, you top up the balance. Nothing to do with TP
Adventa are distributors they buy from related Company Aspion the gloves and sell to end customers therefore their margins are higher cause they can mark up to end customers such as hospitals etc which they sell healthcare products including gloves. They have big distribution network in US.
Adventa proposed share buy back implying that the share price might be undervalued considering the commentaries on prospects that revenue generated from medical supplies will be strong next quarter as per below.
Extracted from Adventa quarterly earnings report: We expect to see strong revenue generated in the medical supplies sector over the next quarter if the Covid -19 pandemic is not over.
What reason up.so.many??? Will announce later because shark no collect.enough ticker. Refer to latest announcement on 29 May.. Company propose to share buying back.. I think something big is hidden behind....
All of you can check all related glove and hc stocks daily chart yesterday. You can see that at around 10.30 am. Most of the related stocks are very similar. I dont think those rebound are being pushed by retailers. There must be 'whale shark', syndicate and banker that push the price up
Flush with cash, Apple Inc. (AAPL) has been repurchasing shares of its stock as a means of trying to boost the share price and provide shareholder value.1 This may also be seen as a sign by some that the tech giant views the potential return on its stock as a better investment for its money than reinvesting back into the business.
All those hospitals etc they prefer to buy from distributors such as Adventa as they buy not only gloves but other range of PPEs as well such as face masks and gowns etc. Therefore, they buy through distributors for the full range of supplies they need rather than buy from so many manufacturers such as gloves manufacturers etc.
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....
newages00
641 posts
Posted by newages00 > 2020-06-03 15:20 | Report Abuse
when u buy this kind of stock...the package comes with risk together....