If Dato Ong is a good boss, he will try his best to release the result by Wednesday, then Thurday half day trading will closed at limit up price. Then all shareholder will be super happy during CNY.
Gloves is just like any other commodities, when there are shortages, its price will shoot up sky high & everybody make alot of monies happily loh!
After that alot of new people will jump into the bandwagons attracted by the profits the current players make, the price will then fall back to normalcy due big supplies and profit will be at a moderated level loh!!
It is quite a normal basic economic price cycle that we cannot avoid loh!!
The best strategy is leave early when u still have the chips advantage, when alot of people still greedy at the table loh!!
Prices of gloves likely to decline from H2 Supermax is expected to record a sequentially stellar performance in the upcoming two quarters on the back of higher demand and ASPs. As glove ASPs are expected to continue to rise until at least the first half, BIMB Securities Research revised its earnings forecast for Supermax for the next two financial years ending June 30. For its second quarter ended Dec 31,2020 (Q2FY21), Supermax’s revenue was RM2bil (47.8% increase quarter on quarter, 418.5% higher year-on-year), while net profit jumped to RM1.1bil (34.2% jump quarter-on-quarter, 3,412% higher year-on-year).
Rubberex followed the big boys trend . TG, Supermax, Harta and Kossan falls. the rest just follow suit { drop} but the worst part if TG rise. rubberex just continue to drift. Suspect after the share splits big players still disposing bit by bit { after all their costs are substantially much lower than the current market price} just my personal 2 sen view
ni yang malas nak beli kaunter oversold ni.. baik pergi beli kaunter yang sedang terbang terbang.. biar sangkut dekat puncak, jangan sangkut dekat bottom?
For those who are stuck at even RM3.....you should be convinced by now that the longer you hold, the worse it will get..... gloves have no competitive advantage....no brand equity.....tom dick and harry can make gloves
Already hold so many months . Selling off will be a waste . This QR cannot be a lost QR right ? and next QR too and another few more coming QR . Will see what is the return
Those who accumulated the last few weeks are in the fixed after news from Biden Administration. They will release it if they thought that the counter is not attractive to hold. There are not too much shares floating in the market n it is easily manipulated if they wanted to. Just hold on until they declare the Dividends. Just matter of weeks. The whole Glove industry had been shocked by the news. It is just a temporary phonomena.
It had dropped almost 20 percent from 10 days ago. It is a fundamental company. Based on the company figures it shud worth 2.50 n higher. However, if it is subjected to speculators shorting it then nothing can be done about it. Accumulate whern it drops further.
For the USA to supply themselves it will take time to set up the manufacturing facilities. It will be much easier to acquire the local Glove factories or joint venture. I foresee some of our local manufacturers might merge in near future for economy of scales. Some top glove players might hv good connection in North America n will most probably get involved with American partners to produce in USA.
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....
Bullrunrun
971 posts
Posted by Bullrunrun > 2021-02-07 21:35 | Report Abuse
Rubberex has orders received until Q1 2022
Enjoy he ride until next year