That old fart plays mainly on margin. So which glove stock is he whacking on? That one could be facing margin call if the slide continues....

For reasons why many bursa counters are penny shares.

Believe there will be another batch of margin forced selling if price dipped or closed below 6.0.

This post has been edited by icemanfx: Dec 29 2020, 12:50 PM

Are you referring to rebound for gloves, I assume? If so, IMO, there will be a rebound, not sure 2 days or 2months or 2 years, perhaps it's my wishful thinking.

My currentTP for TG & SPMX is around RM8, Harta is around RM16. I'm aware of the ugly downtrend chart for gloves though, but I'm prepared to hold long. (But I'm not asking others must buy glove or throw glove now la )

One needs to understand/read on what basis/assumption or how valuation is done.

Fuh super max full meltdown. Hope uncle vanguard doing ok

Yes, I am referring to gloves. What is the narrative for your forecast of a rebound and a TP of RM 8? Genuinely curious to hear.
In near the term, the market is hostage to public sentiment.

Belum lagi...

How many SME closed down already... Why are you so desperate? It's going to come soon enough. If no problem why moratorium extension for certain party. Of course bank share price dont rely on EPS... Otherwise...

Looks like Logistics is in play, wanna grab me some logistics stocks!

There are many but mostly in Mandarin Chinese.
I find one example in English but this vid did not mention any glove stocks.



This post has been edited by cranx: Dec 29 2020, 01:52 PM

There is a bit difference.

Bank, from normal profit to extreme bearish due to moratorium fear of NPL, which doesn't worse as many predicted.
The low PE is because of expectation future profit going to drop a lot, which doesn't materialise.

Glove, from extra-ordinary profit to potential future normalise profit.
The low PE is because of current extra ordinary profit which unlikely to sustain.

So if ASP does drop at all and stay at high profit margin of 40%, 50% for long time, then yes, glove may behave like banks rebound.

SPMX inclusion into KLCI is bad timing or expected?

why 2023 and not 2021, 2022? why not 2025 or 2030?!

if u annualize last QR PAT, current PEs are TG 5.2, spmx 5.2, harta 18.8, kossan 8.6.

will be curious to see if TG and spmx PE will dive to 3 or even 2?!


btw, TG just reiterated ASP and hence PAT will be superb in 2021; spmx next QR should be superb too.



but sure... if all of mr market sees no future in 2022 or 2023, even PE 1 is too high, i suppose!

CAMRES

“The question now is not about how much profit they can make in 2021, but how much growth is left. The market is looking past the profit of glove companies in 2021, and its focus is now on any potential reversion in glove average selling price, which might come in as early as the second half of 2021.

https://www.theedgemarkets.com/article/no-y...rty-glove-bulls

inb4 price push down cause warrant

supermax lower than TG liao

Naughty you.....

Anyway... I object la... cos it's the same old story....


MacQ warrants was the best example. 10 warrants on TG shown by me... 1 was in the money. Others? All sapu habis by MacQ. Got need to manipulate meh?

supermax and tg seem like having the duel dance so cute~

People keep banging on about the warrant as the reason.
Convenient no?

Interesting article...

https://www.theedgemarkets.com/node/547884?...MrvpDr7XE4Ihy4Y

One thing... How many countries actually has the 5g infrastructure towers?

I thinking....the phones with 5g... is like driving a Fellali in a kampung....

Worst of all.. some keep instigating it.


Call warrants will always exist, isn't it? If the stock is really worth its weight in gold, why keep grasping at straws?