Dont buy airlines stock period.
I was in airlines industry before for almost 10 years..
i understand the fundamental of aviation operations..
Just one accident or human error could be fatal for airlines company..
Not to mention the debt that airlines company have..
Btw i think the second market crash might happen soon.. the sign is there..i could be wrong too.. anyway, stay alert and be extra careful..

Wise choice brother, the banks are carrying the market again.

I just sailang some selected bank counters recently after studying the fundamentals and the historical patterns. To me, banks are still much safer than gloves in the long run.

Please exercise some caution guys. 

Only trade and chase the glove stocks with money that you can afford to lose 100%. Don’t take advance money from your credit card, personal loan or use the margin facility to chase.

When the price correction comes, it will be spectacular.  It only takes one rumour of a vaccine coming soon for Covid-19  and this will start the panic selling.

I know I am being a party pooper. But I am sweating on your behalf after seeing so many young investors in this forum chasing the glove stocks. What goes up must come down eventually.  😅

Hope the glove bubble can be here for another 2-3 months before burst completely
The market need these excitement!

Good morning folks.

Kenanga has raised the target price of glove stocks as follows:

1.  Top Glove TP to RM32
2.  Supermax TP to RM17.10
3.  Hartalega TP to RM22.30

Everyone in this forum seems to be buying glove stocks. So, who are the sellers???   

Sometimes I wonder, is it really because of the FOMO that retail investors are experiencing, hence the price surged?

Or is it because the outlook is really so "bright & good" that its valuated so highly?

Same question I have for Tesla, not sure if I'm living in denial, or they are simply CRAZY!

please add more fuel.
the last financial crisis bubble burst, thore shares at least can goreng till 3 digits right. The day is still young for glove hor

Newbie here.. zero knowledge about this. I have minimum capital on hand. Any tips to go for?

about gloves...

if u can follow what this article is saying, esp this part below, i hv no doubt u will do fine with glove stocks.

Good morning folks. I sold all my Kossan shares for a profit.

Sai lang into Harta. Win big or go home.

Supermax profit rumoured to be 4xxm for June qtr. TG 7xxm to 8xxm. Again, rumors only

Few of my experienced friends exited Careplus today afternoon. Try not to hold too long since the signal showing overbought and going to go down soon. Well, I might be wrong.



Edit:
On the other note, we might able to see Kossan make a return next week? Let's hope MACD line cross above Signal line with current RSI is oversold.

20x and annualised x4 is Scientist Koon gold STD mah. He used it for Superman scientific estimates. So cannot argue against it one.

Careplus... my 3 sen .. this company WAS a lousy company which is now enjoying its day in the sun. So for me, I would not read too deeply into it.

For a punter/speculator/trader... do note the trading data...

[attachmentid=10544211]

The most recent 2 trading day data is really suggestive to the age old insinuation what if insiders knew of the better numbers ahead? So is there a possibility that whatever good numbers it has just reported was already priced in?

That's the risk in my opinion.. and this opinion obviously could be negated by the current cow sentiments...

Well... I am saying it as it is lo....  nothing else. (yup... I do try to watch my exact words... since market is cow cow... and I do not want to simply spit mouth water on stocks where others could be betting on! )

ok? 

during the early stages of cov19, the thinking process we all went thru was...

1. this is scary, markets are falling... so, sell, sell, sell.... pandemonium... most people sold, some held on.

2. 3 months into it... curve flattened, cure coming, vaccine coming, V shape... dun sell, buy if u can.

3. 6 months into it... some places contained, some not... curve not good, resurgence in many countries... but "vaccine soon" still a strong hope.

4. currently... we should realize this cov19 isn't going away anytime soon, mco might even return... it has killed many biz, helped others flourish.

5. near future... i don't see a cure, i dun see a vaccine... not for another year at least... a lot of hot air blown by politicians for own purpose.

now, if we look back... it was only obvious that sectors for tourists, travelers, shoppers, public entertainment will be the worst hit.... how come we didn't think of that earlier?!!

sectors with gadgets, services, delivery logistics that fit into home working, home entertainment, home biz will flourish.... how come we didn't think of that earlier?!!

now, we see apple, google, amazon all blowing past their earnings reports.. such glory.

airlines... boeing, airbus, sia, airasia, shell, bp... all going into the abyss... are we still surprised?

my own experience... i dumped all my reits (sg ones, not bursa).. now i see capitamall, suntec falling and falling... becos these are retail, shopping ones.

i see keppel dc (data center), mapletree ind (logistics) rising and rising. well, on hindsight i did something right, something else wrong.

at this time... what will we see that will continue to sell down, what will continue to rise, what will change course?

some may still think cure/vaccine will come tmr, everything returns to normal... so, buy oil/gas, banks, cheap mall/hotel/tourism reits?

or should we go for more tech devices, more tech services, more home services, logistics, medical protective gear?

OK, rumor time.....

Harta Q2 results = > 800 million.

Thanks so much. I've just learnt how to calculate P/E. Slowly learning how to read the charts and calculate to reduce risk.

Its not really Harta going up je. All glove players also up. No matter whats the profit for Harta's QR this time, will not drag other glove counters down..

Profit taking time? But careplus green lol

I understand what you mean, but all glove now is overpriced and overhyped. No?

Im buying purely on speculation, with cash account, no margin. And as my holdings on these punts are up 30-50% already, i have enough margin of safety to get out. For example if i get out now, most of these punts are on 30% profit.

I knew Harta's result will not be as high as speculated, but my holdings are rm16 average. Just enjoying the ride.

No offence taken

Im thinking of going in new for tenaga nasional. Any advice?

Really? I do feel they are overpriced though. Which ones u think not overpriced yet? Topg?

Good sharing. The only reason I do not dare to touch the gloves is because of unsustainable burst of earnings.

With the increased ASP and pent up demand, short term value sure looks good. Since I cant time when will the biggest share holders leave the gloves, I choose not to participate and missed the huge rally  .

However, this is a very good learning experience for me: looking at short term earnings and following the trend when it is still early is a very solid profitable strategy.

If you read the Q2 report, the reason why profit lower than expected is because 1/2 went to buying of land for expansion purposes. If not because of that, Harta profits is almost 500m.

Looks like many ppl got suckered that Harta profit didn't reach its potential, when actually it was. That's why CIMB raised the TP.