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 STOCK MARKET DISCUSSION V150

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MedElite23
post Jan 18 2021, 05:20 PM

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QUOTE(wayton @ Jan 18 2021, 05:03 PM)
Deja vu dotcom.
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Are we going to see the so called “glove 2.0” rally? Haha..

Tech holders be like: market is forward looking, tech has huge upside potential, 5G and EV is the future, x company just broke new earnings record, P/E for tech stocks historically has been on the higher side, Tesla P/E 1636 ok! tongue.gif

Glove holders: ......

Inb4 just for for fun ok tech holders don’t take it personally tongue.gif
MedElite23
post Jan 18 2021, 06:03 PM

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QUOTE(Krv23490 @ Jan 18 2021, 05:23 PM)
It’s ok, a lot people laugh at gloves when it’s been going down from ATH since how many months ago

Let’s wait for tech to take a dump in the meantime!
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Just to clarify la, I’m only trying to convey the message that the current tech rally reminds me of what we saw back in April/May 2020 in the glove sector. I’m a glove holder myself..

At the end of the day, it’s not decent to wish evil upon other people’s investment outcome.

All of us are out here just to earn a dime for living...aih..

This post has been edited by MedElite23: Jan 18 2021, 06:04 PM
MedElite23
post Jan 18 2021, 06:24 PM

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QUOTE(lauwenhan @ Jan 18 2021, 06:19 PM)
We makin' money in steel and tech 2021. Fuck the market crash bears
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Your enthusiasm is very commendable man, give you a like! thumbup.gif
MedElite23
post Jan 18 2021, 06:25 PM

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QUOTE(LoTek @ Jan 18 2021, 06:24 PM)
Feels like a lyn version of DT is tweet-posting around. Rip civility.
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Hahahahha... laugh.gif laugh.gif
MedElite23
post Jan 18 2021, 06:34 PM

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QUOTE(statikinetic @ Jan 18 2021, 06:29 PM)
Unless I'm holding a short? smile.gif

Tech positions cleared. Give others the opportunity to make big bucks!
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Then maybe..? As conflict of interest is involved.. but admittedly I’m too noob and faint hearted to get my feet under the water as far as options are concerned..prefer to just buy and hold.. laugh.gif
MedElite23
post Jan 18 2021, 06:58 PM

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QUOTE(HereToLearn @ Jan 18 2021, 06:52 PM)
Oh please, when genetec, hightec, pmbtec and random-tec are going up, it is more like gloves back in july-august already. It was during that time that all the not-so-related stocks flew:
- LKL went from .53 to 1.8.
- HLT went from .71 to 3.18
- Escream

This is exactly like the final push back then in July-August for the pandemic theme not-so-related stocks. This is the perfect time to buy high, sell higher. Expecting some of these counters to continue their gravity-defying rise fueled by retailers' greed (with the combo of left hand to right hand play by syndicates), and then finally dumped by syndicates.

Such things only happen when the actual 'related' stocks are near their peak. Plan your exit, and start parking at the next possible booming sector in bursa or leave bursa for emerging markets.

At least this time, the insiders/directors/employees (exercising ESOS and dump) are smart to lock in their profit, see how quickly they are disposing their shares this time compared to the gloves' directors e.g. Greatec, UWC, D&O.. sell dreams to the investors and run themselves

Again, this offers very good opportunity for advanced traders to buy for short-lived mini rebound later.
Rotational play from growth to value is coming soon, waiting Tesla deflating/burst to trigger the mass rotation
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Yep, I guess we’re eye to eye on this..

Those who are in the tech sector, invest/trade cautiously, I sincerely wish you have a great angpow for CNY smile.gif
MedElite23
post Jan 18 2021, 07:01 PM

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QUOTE(HereToLearn @ Jan 18 2021, 06:55 PM)
I would have hold a little bit longer if I were you, let the syndicates and greater fools to pump for you to dump higher.
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How confident are you that you...won’t happen to be the last fool? biggrin.gif
MedElite23
post Jan 18 2021, 07:03 PM

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QUOTE(lauwenhan @ Jan 18 2021, 07:01 PM)
If you bought tech before today, sit back and enjoy the ride.
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No bro, I was actually watching Inari..before I realised the plane took off already haha.. now I have to wait for the next flight tongue.gif
MedElite23
post Jan 18 2021, 07:11 PM

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QUOTE(lauwenhan @ Jan 18 2021, 07:06 PM)
.
The next flight is now. Get aboard. Bursa tech index the market cap so small. So easy to goreng
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I think risk of me being the last fool is extremely high..hahaha!

Feel free to fly without me, my weight will bog down everyone in the plane blush.gif laugh.gif
MedElite23
post Jan 19 2021, 10:49 AM

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I wonder how is his personal fb profile timeline like..you see where I’m going.. tongue.gif
MedElite23
post Jan 19 2021, 02:02 PM

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QUOTE(statikinetic @ Jan 19 2021, 01:00 PM)
That's the beauty of a monopoly business.
It is so resilient, that it can keep turning profits even with stupid people at the helm.
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That’s what I think too..

If it weren’t a monopoly, many people would’ve shied away from this counter..

Decreasing profit over the last 2 years at least, share price quietly sliding down..yet able to give a dividend of 100c per share..classical value-trap..

Also because of this, the management team becomes redundant..

Being a glc is a double edge sword, you won’t starve but you won’t be full..

But I have to be honest, a price breaking below 10 is enticing, being a monopoly business..we shall see.. smile.gif

This post has been edited by MedElite23: Jan 19 2021, 02:03 PM
MedElite23
post Jan 19 2021, 02:34 PM

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QUOTE(pinksapphire @ Jan 19 2021, 02:20 PM)
So many people looking at TNB ya...me as well. I'm treating it as long-term hold, for dividends. Hope this thinking is right smile.gif

Will enter below 10, just not sure how low it'll go for a cheap buy, lol
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Is there any particular point that convinces you to look past its sliding share price and profits over the past few years? Genuinely curious. smile.gif
MedElite23
post Jan 19 2021, 03:24 PM

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QUOTE(statikinetic @ Jan 19 2021, 03:08 PM)
Quoting the folks who are in the TNB discussion only for ease of reference.
Let me throw in a little extra.

The monopoly part. Which can quickly be the reason to justify certain arguments.
A monopoly is protected from going out of business mostly. It is not protected against share price erosion.

Which brings me to the dividend part. How much of a dividend is justified if you give up capital depreciation?
So we look at the fundamentals if the earnings support the current price.
Tenaga's net profits are about RM 1 bil per quarter, or just above. Share price right now is just above 10.00.

Assuming net profits recover and bounce between 1 - 2 bil every quarter, what is a fair price?
That's easy. We have to go back to 2013 to see Tenaga's profits being at this level. Share price RM 8.00+. It topped out at RM 9 at year end.

On the flip side, there is a LOT more money in the market now which could justify a price premium.
Again, how big of a price premium is too big?
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Thanks for doing the “dirty” work of calculation for us haha..

I’ll take your calculation for it, assuming they’re about right. If we compare current FY profit vs that in 2013, the value of 1-2 bil was much larger than now. Over the course of 7 years, if the profit is pulled down to 2013 level, it actually reflects quite badly on the company, as the value of 1-2b is much smaller today.

That being said, the share price should worth more than 8-9,excluding the massive hot money inflow that may, in your words, further pump up the number.

Just my 2 cents hehe..
MedElite23
post Jan 19 2021, 03:27 PM

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QUOTE(pinksapphire @ Jan 19 2021, 03:13 PM)
You are right, I do think of that and guiltily so, I do not know the answer to justify the premium price. Rather, I take the approach of blind faith and holding for 10 years+. I know this is risky and I know I still have a lot to learn...
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I like your honesty in admitting your blind faith to its monopoly business model and not buying after doing some intricate calculations. We’re not Warren Buffet lol. Thumbs up! 👍
MedElite23
post Jan 19 2021, 03:31 PM

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QUOTE(silverwave @ Jan 19 2021, 03:27 PM)
Looks like someone is trying to push TG and SM below Rm6 again
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Glove sectors are pulling down the index into red zone tongue.gif
MedElite23
post Jan 19 2021, 03:45 PM

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QUOTE(icemanfx @ Jan 19 2021, 03:41 PM)
中红普林医疗年产300亿只丁腈手套项目签约落户湖口县。该项目总投资50亿元,分四期建设100条手套生产线,全部建成后,可形成年产300亿只手套规模,实现年出口创汇约10亿美元,安排就业3000余人。
....

More gloves production from china.
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China doesn’t have the technical advantage in the glove sector that we developed over more than 30 years. Being responsible for 2/3 of the world’s supply, pricing power is in our hand.
MedElite23
post Jan 19 2021, 03:49 PM

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QUOTE(icemanfx @ Jan 19 2021, 03:48 PM)
Gloves production lines are mostly from china and china is not new to nitrile gloves production.
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Whaaat..?? Lol okay.
MedElite23
post Jan 19 2021, 06:18 PM

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QUOTE(andrekua2 @ Jan 19 2021, 06:09 PM)
Lines are from China?
Are you telling jokes? I have been cutting gears for glove makers for the past 12 years.
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Today I broke my self-promise of not replying to this nuisance.. bangwall.gif

That’s why I didn’t bothering entertaining his fabricated statements anymore, just agree to disagree will do..
MedElite23
post Jan 19 2021, 06:29 PM

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QUOTE(ChAOoz @ Jan 19 2021, 06:24 PM)
https://www.chicagotribune.com/coronavirus/...hzvm-story.html

You mean gardening glove or maybe industrial glove is it ?  tongue.gif
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Very telling of a person regarding his dept of knowledge to a niche if he can make a blatant mistake of a well known fact. So we know whose words to not take seriously in the future. Noted for now. smile.gif

This post has been edited by MedElite23: Jan 19 2021, 06:31 PM
MedElite23
post Jan 19 2021, 07:26 PM

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QUOTE(andrekua2 @ Jan 19 2021, 07:09 PM)
I think you're missing the point. You claimed lines are from China whereas I've cutting gears for these local glove makers since 2008. I'm not sure what's the current situation is like but if you're talking about history, most of the lines are locally assembled. Not sure about current ones like Mah Sing, AT.

However I did looked at a pdf file that is promoting AT Gloves. The gears looked like the one that my cousin is currently doing.
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On a side note, I find it incredible how in this community we have the opportunity to interact with amazing people coming from different sectors and walks of life, albeit a virtual one. It allows us to peek into other sectors from an insider perspective and gives us more accurate information about the particular field. It’s something I feel sincerely grateful for being in this community rclxm9.gif icon_rolleyes.gif

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