My setting I use is ENABLE all.

CP only want to know which stock is going up.

Thanks for sharing your knowledge in regards to the industry!

First thing first.

For whatever it is worth, we are still talking companies making millions of dollars.
In Top Glove's case, it's still a company making roughly 180+ million profit, as per what it's last 12 months profit suggest.
But the stock is tanking really bad.
Why?
The market always prices companies for what it could earn in the future.
In their eyes, they reckon the glove companies because of the extreme over capacity issue, which caused intense competition, thus driving the selling prices lower, could earn much less profit in the future.
Much less profits means lower future stock prices.

Laughable, the main issue is self inflicted.
Kamikaze!
Die ownself!
Caused by own greed!!
or maybe ego!

Why do I say so?

Uncle Google told me so.

Things like this, what's the first thing to search on the net?

Me?

I searched the key words, RUBBER GLOVE CAPEX.

One of the links that caught my attention was this blog posting dated 2010. Incredible write up by Moolah. What an incredible foresight to see the potential problems as early as 2010 !!

http://www.google.com/url?sa=t&rct=j&q=&es...1,d.dGI&cad=rja

Then I decided to refine my searches.
I searched for TOP GLOVE CAPEX.
Then SUPERMAX CAPEX
Then KOSSAN CAPEX (not much hits.... )
Then HARTALEGA CAPEX

There lies the problem.

It's self inflicted.

All these glove markers despite making good money are not satisfied.
They want more.
Hehe... is greed good?
So they are forever and forever expanding....

With all the expansion comes competition.
And resultant is lower selling prices....

And for companies like Top Glove,
instead of profits growing..
profits is now declining....

Dei sei?

My opinion is ...... I think so........

I know, you are saying NO this might be a cycle.

In my humble opinion, I don't think so.
The rubber gloves has became a required product.
It's not going anyway soon.
The demand is going to be lasting.

However, the BOOM time is gone (that's what I was saying initially)....

Back in ... I think 2008 or maybe earlier....
the rubber glove industry was in its infant stages....
then came the big boom.... in 2009 or is it 2010.... (do check the dates la)
demand erupted...
glove demands soared...
companies expanded to cope with the rising demand....
they increased lines...
they bought over smaller companies....
BUT ..... after all these years..... I believe they have clearly over expanded.....

Could the industry boom again?

Well.... how?
The price war has to be stopped.
The over supply issue has to be stopped.
Would it happen anytime soon?
I doubt it.

And even once all this issue is resolved, the other possibility is that the industry earnings stabilize.
Yes, stabilize.
Have you thought about this possibility?
Why should it be a BOOM, BUST, BOOM?
Why not BOOM, decline, stabilize?

Meanwhile... with profit decline looming for the sector...
and stock prices still priced fairly HIGH.....
I am not optimistic about the sector future.....
It's way too early to put money in the sector.



My 3 sen la.

This post has been edited by Boon3: Mar 25 2014, 08:42 AM

LOL!!!!

So early trying to fish ah?

The logical reasoning is that there were a lot of punters/traders/speculators who jumped into Insas to pick money from the market yesterday.

Volume was way too big.

The stock needs to digest that volume the next few days.....

It needs to weed out the vultures........



This post has been edited by Boon3: Mar 25 2014, 08:40 AM

What are WE going to do?




I am STARING at my monitior, counting gark's profits.

You sure you not a TRADER ah?

Self inflicted torture!



123 ma... still green what.

Ah Lamb so hardworking these days.

No time to blow water with us....

I would be cautious on FRB.

This is NOT a happy family trade.

Inari go up due to its own merits.
Ho Hup had some too...

Insas owns these stocks, so logically it should go up too.

FRB? Insas also owns it but that's about it.

Ok... punting sentiments can pour over... but that's about it I reckon.

Play guitar alone not enuf...

Must shake like Shakira....
then sure you get tons and tons of coins.

The getting out of jail card is probably the only catalyst for now.....

And same like comments with FRB,

This is NOT a happy family trade.

Inari go up due to its own merits.

Insas owns Inari and with Inari shooting so high, logically it should go up too.

FRB and Ho Hup? Insas just owns some shares in it but that's about it.

Punting sentiments can pour over but that's about it I reckon.

Haiyooo... report BIG BIG amount meh?

If got blame you lor...........

heeeeeehehe



Volume done at 130 was only 88,500 laaaa....

I agree with Gark.

You better do your own reasoning.

All the best.

No wonder Insas traded volume so big.

Round up pulak!