Charles talk only no action. Must hv no money. Lost money chasing stocks? Normal lar. You shud know when not to chase. I TOLD EVERYONE I WAS IN POPCORN MODE AT 1.10 - 1.17 N WAITING TO SEE WHOSE BALLS GOT BITTEN.
Extracted from several reports today: Maybank: 1) Management has turned more bearish on the sector outlook given stiff competition. We understand that ASP has resumed its downward trend since June 22 after stabilising in Apr-May 22 and utilisation rate has dropped to 50% (in line with the industry), from 70% in Apr-June 22, 2) management expects the demand-supply equilibrium to take another 24 months to rebalance. Prior to 2024, it will focus on sharpening its capabilities and improving cost efficiency to prepare for recovery, and 3) management no longer enjoys premium pricing for its products due to stiff competition.
Affin: Management mentioned that in a worst-case scenario, the current overcapacity situation could persist past 2023
Hong Leong: We caution that Hartalega could be at risk of being booted out of the KLCI in the upcoming FTSE Bursa Malaysia KLCI semi-annual review should its share price deteriorate further, as it currently ranks at the 35th spot (based on 9th Aug closing).
It seems that the over capacity situation will persist for quite a while yet. Those looking for opportunity to add could probably wait. Exclusion from KLCI, if happens, could trigger another round of selloff as seen in other stocks. 10/08/2022 3:33 PM
Yr 2 cents trading gain each round in SFP cannot cover yr loss of million shares in TG......
1.06 SFPtech (strongest) 0.790 Coraza (overtaking lgms) 0.955 Lgms (preparing to chase away cola ?) 0.650 Cnergen (not bad at all amongst tech, although low ranking in here)
DO PLACE YOUR BET B4 these Tech Teen take off their historically high.
Psychos - straight or reverse - will lose money chasing glove stocks.
Rubber and nitrile prices have increased
Energy costs have increased
Labour costs have increased
ASP has dropped so low, Top Glove products are being lelong-ed
Globally, there is severe over-capacity
Chinese glove companies are running into losses and will continue to dump
>>> As a friend, please be advised that Top Glove will drop to 0.30 and stay there
Blue Sail Medical
RMB Millions Period Ending: _______ Mar 31, 2022 _____ Dec 31, 2021 Total Revenue _______ 1297.93 __________ 1535.83 Gross Profit __________ 176.33 ___________ 252.82 Operating Income ___ -59.76 ___________ -2268.19 Net Income __________ -52.45 ___________ -2263.06
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....
CharlesT
14,953 posts
Posted by CharlesT > 2022-08-11 11:43 | Report Abuse
For up trending stock like SFP I think even donkey also can do as good as rr88