Thats why i dont trade on especially stocks im comfortable to hold. Once you sell, you might not be able to buy back. Sometimes you get it cheaper, sometimes times you dont and you might end up being the idiot in the room. The dividend anyway is within 1 day price moving average ( up or down ) and its on a upward trend. So just think about the bigger picture
lc titan have cash around RM 4 bil +-.debt free.next few qr if profit , sharing 50% profit to shareholders.how many listed co in klci have this potential .those who just receive div why want sell this good stock.
jlex11 i will only comment here and not in glove forums coz i dont want pour cold water especially when im not holding the stock.
Harta at 70x and Topglove at 50x is rubbish at the current prices. They are only sustaining coz our stupid fund managers spend too much time on entertainment that they dont know what else to buy so its herd mentality. Imagine that Alibaba PE is only about 40 times and Google PE 27 times. Which you think has more potential to grow profits ?
These are glove companies that are actually contract manufacturers for medical groups where prices are negotiated every quarter. Expansion of capacity takes 3-6 months or longer. Is there Tech involved in glove manufacturing ? Go for factory visit then u have your answer there.
Traditionally we have a lot of glove manufacturers due to raw material latex. Now that everyone is moving to nitrite gloves, glove factories can technically be anywhere in the world as machinery lines can be automated and dont need much human labor.
Bor to speculate : fully agree with you. When the music stop on Gloves industry prospect , let look at their faces in holding counters, with such high PE ratio and an industry whereby restriction on new entrance is very eary...
I agree with Jay, Gloves dont scale well with MCO. Hospitals have been running during MCO. But for Masks and other PPEs, yes because people will need more of them when moving around (eg. shopping). Even for gloves - it will be polyethylene cost-effective disposable type, not the clinical types.
How come LC Titan go up so much today? Price should go down after ex-dividend. But price today is higher after ex-dividend. I tried to buy today but failed. Sad....
I think it is in line with other rubber glove companies such as Comfort, Rubberrex, Supermx and Top Glove due to concern over possible 2nd wave of Covid 19. LC TITAN supplies resin for those companies.
Its going up coz its undervalued and probably still a lot more upside. I see most ppl here are happy except a few sour grapes that probably stop commenting coz they couldnt stand being wrong everyday
I think this can still go and at this point i dont know a better safe stock to invest in that hasnt already gone up.
Still enjoying the show on the stock market.My Lctitan target below...
LC Titan blog. Michael Kwok 1744 posts Posted by Michael Kwok > Apr 20, 2020 2:40 PM | Report Abuse X
I already see the chart.Monthly oversold but hooking up,weekly oversold but hooking up.Good sign.I dun expect drop dramatically along the price recovery.These counter a proxy to play due to Covid 19.I set TP above rm 3.
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Posted by dxbman > 2020-05-08 02:58 | Report Abuse
Tmrw will open arnd 1.80 and shoot up further