The way i see it is TG capital peak is around 75billion, put this in perspective;
1. Moratorium gonna end, means people need to start paying loans, where would they get money from?
2. Moratorium gonna end, which means banks gonna start earning their usual, how would investors gain money to buy bank stocks?3. TG had to buy back massive amount of shares, TS needed to appear on tv, and the speculation of PAT surpassing 1.4billion is still not sufficient to surpass rm9.. what makes u think that tg can surpass rm10 in the near term? Please share your views on this
4. Yes there is glove demand, but do you know how many customers are diverting orders due to ASP increase? Not only tg but harta and spmx also, do you know how hard is it to get nitrile latex now? Think about it hehehe
Of course, this small fish insider (me) might be wrong tho, come discuss
Long term yes, im confident tg will rise, but please dont put all in and expect price to shoot up to BEYOND RM11 by Thursday. Once again, i may be super wrong, these are just my views based on historical and current data
Also, i sell my shares because i bought them at rm4.6 before split, so i got enough profit dy. dont follow me hahaha
For this reason, I'm going to hold cash as much as possible.
With a snap election looming and the POTUS election in november, it might be hard but I am.going to try and park capital in cash.