not for glove production but for glove dipping lines manufacturing expansions.. they are already at 80% capacity for glove dipping lines production, can’t take on new orders anymore it seems
i hope HLT can cont bearish tomorrow. hopefully can drop morre till 0.8 ... huhu... so i can buy mor n more.. very optimistic glove n hc will spike back ... no sign covid will solved this year...
Mother or child stock is consolidating still. Until and unless there are changes in its business (since it wont be accepting new orders), there will very likely to be a tight range it is moving between. The new land acquisition can only be finalised in the third quarter. Then only can any construction works begin and this will take time at least two more quarters fastest. Only then can you see profits coming in - if it accepts new businesses. So that brings us down to whether to buy or not? As it is, when this stock reached this price last year, look at the number of players in the market at the time. Look at the cases rising daily then and now. And there were no news of breakthroughs of vaccines at the time. Now it has reached 1.02-1.07 range. But look at the variables now - more glove players, vaccination is moving at quick paces, etc etc. Reasonable prices would be between 0.80-0.90 and it certain wont harm to even wait at the mid 0.70s.
wow, hari raya angpow lai.. : ) ____________ SuperPanda bought on retracement, covid case going up today from 2.1k to 2.3k
vaccine will take longer times to reach herd immunity at 70% population, now only 1.7% done almost 2 mths and vaccine supply will delay some more 20/04/2021 5:53 PM
=================== @SuperPanda wow, hari raya angpow lai.. : ) ____________ SuperPanda bought on retracement, covid case going up today from 2.1k to 2.3k
vaccine will take longer times to reach herd immunity at 70% population, now only 1.7% done almost 2 mths and vaccine supply will delay some more 20/04/2021 5:53 PM 22/04/2021 3:36 PM =================== love see buddy make profit..
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bone
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Posted by bone > 2021-04-20 15:22 | Report Abuse
not for glove production but for glove dipping lines manufacturing expansions.. they are already at 80% capacity for glove dipping lines production, can’t take on new orders anymore it seems