Eric, just like topglove, they made billions from the pandemic. Similarly to Lotte, their earnings will be stronger because of the pandemic too. Plastic up, raw mat down, demand up, profit spread bigger.
cant compare with 3 months ago before QR, two different scenarios, sentiment and earning forecast.
This morning glove related counter majority moving down, inclusive LCtitian... Positive recovery in the coming QR should be positively lifting this counter.
Q3 PBT is likely to surpass 240 mil witth EPS of more than 10 sen and Q4 is likely to do well too meaning an annualised PBT of 40 sen a share and a strong dividend payout policy of 50 % of its earning. Can you find a stock in Bursa with this profile selling at 2.50 ? So be calm and rational
Yeah it’s easy to stay calm until you realise that Lotte Korea control the majority of the shares and literally no other funds beside EPF and maybe norges are buying yet. The surge in movement is due to funds testing resistance and probably a thousand of Facebook sifu call buy
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....
Keep Going
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Posted by Keep Going > 2020-10-20 12:09 | Report Abuse
continue to add more. Very obvious will be a very good QR coming.