This is a good stock. Business is relevant in today's world. Heavy fall in US and Europe. Rgtbhd should fall as well. Will do some collecting at the cheap today.
Wait patiently. low debt compared to cash in balance sheet. good operating cash flow. Company confident on its prospects. Rise of covid cases in US together with selling pressure in futures are bringing sentiment down. Can expect a soft market today. However tonight 8.30pm US releasing its GDP data. Might be a surprise and a boost for the market. If data upsets, I am sure the fed will step in again. Remember the fed mentioned it has unlimited QE power.
Health care and hygiene product are in demand now and moving forward, even if covid ends. It is becoming the new norm for everyone to be more health conscious. Ride on the negative sentiments to collect good counters at low.
rgtbhd is forefront in producing sanitizer to healthcare and people but i dont know whether during the mco they manage to distribute their product or not.
I just fear it could be like bcmall when you read the qr report they couldnt install their medical laundry devices due to mco.
On the other hand some said many of the sanitizer of rgtbhd always out of stock but we dont know out of stock because full demands or that they cannot resupply because of mco.
RGT operates in 100% or full capacity and got approval from MITI to operate during MCO period .It is clearly stated in the latest qr report. In other words, it is not affected but greatly benefited from the Covid pandemic. It is sanitizers dispensers producers and range of hygiene products. Likewise, RGT Bhd latest balance sheet is good too with cash of RM29.3mil and total borrowings of RM3.8mil. That’s a net cash of RM25.5mil which is attractive relative to its RM100+mil market cap.
After price correction, it is time to spike as its coming qr report should be very good
More so, most of the gloves counters spike high today due to second wave of covid pandemic in US, Europe and India and most part of the countries. RGT will follow!
Part of their business is that they are ODM for sanitizer dispenser. They are not out of stock. The business of hygiene care is getting more relevant moving forward. There is not much coverage on this stock yet.
Cash rich company. Very few companies in the market like RGT that benefited utmost from covid pandemic. It is running full capacity during MCO with special approval from MITI due to its essential products. Buy and keep, Will reflect in the coming qr report
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....
anchoviestrader
92 posts
Posted by anchoviestrader > 2020-06-23 18:59 | Report Abuse
dont have modal to average down. shit la.